Western Mines Group's exciting exploration update

Western Mines Group (ASX:WMG) has announced new geochemical assay results from its Phase 3 drilling at the Mulga Tank Project in Western Australia. The results show significant nickel sulphide mineralisation with notable intersections of nickel, cobalt, and copper across all drilled holes. This discovery could indicate a large-scale nickel sulphide deposit.

Key takeaways and future outlook

Western Mines Group's (ASX:WMG) Phase 3 drilling at the Mulga Tank Project has yielded promising results, showing extensive nickel, cobalt, and copper mineralisation. Notable intersections include up to 1.25% nickel and 0.60% copper, hinting at the potential for a large-scale, open-pitable nickel sulphide deposit. The company's ongoing exploration aims to refine geological models and expand high-grade zones. With 23 intersections greater than 1% nickel already identified, WMG is poised to enhance its strategic positioning in the nickel mining sector. Future exploration efforts will focus on further delineating these mineral-rich zones.

Executive insights on Phase 3 results

The assay results from the latest drilling phase are extremely encouraging and extend known mineralisation beyond previous zones. This could de-risk a potential large-scale nickel sulphide deposit and significantly enhance our understanding of the Mulga Tank Complex.