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Western Mines Group Ltd (ASX:WMG)

ALERT: Price-sensitive ASX Announcement for WMG
Current share price for WMG : $0.170 -0.045 (-20.93%)+
Announcement
Release
10 Nov 2025 9:35AM
Price at Release
$0.215
Full Release
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Summary
Western Mines Group Ltd (WMG) has updated shareholders on the progress of their Phase 4 exploration drilling at the Mulga Tank Ni-Co-Cu-PGE Project, located in Western Australia's Eastern Goldfields. The company has completed the first half of the Phase 4 RC drilling program, which includes various RC and diamond drill holes aimed at extending the known mineralization of the Mulga Tank Complex. The upcoming plans involve drilling a deep diamond hole, EIS9, which is co-funded by the Exploration Incentive Scheme (EIS) grants, to test the active basal zone of the complex. WMG plans to utilize a Moving Loop ElectroMagnetic (MLEM) survey to extend the coverage over the Panhandle area, aiding in the targeting of further drill holes in 2026. The company's exploration efforts are supported by recent capital raising and EIS grants totaling $620,000.
Key Points
  • Western Mines Group Ltd updates on Phase 4 drilling at Mulga Tank Project.
  • Completion of first half of Phase 4 RC drilling program.
  • Planned deep diamond hole EIS9 co-funded by EIS grants.
  • MLEM survey planned for November to aid further drilling.
  • Support from recent capital raising and $620,000 EIS grants.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.