Western Mines Group Ltd (ASX:WMG)

ALERT: Price-sensitive ASX Announcement for WMG

Current share price for WMG : $0.165 -0.08 (-32.65%)⁺

Announcement

MTRC011 128m at 0.39% Ni inc. 36m at 0.50% Ni

Release

5 Feb 2026 9:49AM

Price at Release

$0.245

Full Release

Summary

Western Mines Group Ltd (WMG) has released the geochemical assay results for the diamond core tail of hole MTRC011 at the Mulga Tank Ni-Co-Cu-PGE Project located on the Minigwal Greenstone Belt in Western Australia. The results reveal significant nickel sulphide mineralisation, especially at depth, with 128 meters at 0.39% nickel, including an interval of 36 meters at 0.50% nickel. The drilling results from MTRC011, which aim to test the basal contact of the Mulga Tank Complex, show a broad mineralised zone with elevated levels of nickel, cobalt, copper, and platinum group elements. This highlights a large magmatic nickel sulphide mineral system, similar in architecture to the nearby hole MTD028, indicating two mineralised zones. The assay results are pivotal for WMG's ongoing exploration efforts to uncover rich massive sulphide deposits in the region.

Key Points

MTRC011 shows significant nickel sulphide mineralisation.
128m at 0.39% Ni, including 36m at 0.50% Ni from 490m.
Geochemical assay results indicate a broad magmatic sulphide system.
MTRC011's results are similar to MTD028, revealing two mineralised zones.
The findings contribute to understanding the Mulga Tank Complex's architecture.

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.