Robust nickel sulphide assay results at Mulga Tank Project

Western Mines Group Ltd (WMG) (ASX: $WMG) has announced the receipt of geochemical assay results for Phase 2 reverse circulation (RC) drill holes MTRC030 to MTRC032 at the Mulga Tank Project, located on the Minigwal Greenstone Belt in Western Australia's Eastern Goldfields. The assay results confirm broad intersections of nickel sulphide mineralisation, with hole MTRC032 particularly standing out, showcasing continuous intervals of 198m at 0.28% Ni, 145ppm Co, 249ppm Cu, 28ppb Pt+Pd from 108m, including 6m at 1.01% Ni, 0.32% Cu from 254m.

Executive commentary on Phase 2 RC assay results

Yet more great assay results from our Phase 2 RC program as we infill the higher grade core area and increase confidence in this zone. Holes MTRC031 and MTRC032 showed robust ~200m intervals of consistent nickel sulphide mineralisation highlighting what an extensive mineral system we are dealing with. Most excitingly, the results confirm another zone of high grade mineralisation in hole MTRC032, returning 6m at 1.01% Ni and 0.32% Cu, validating visual logging of matrix to semi-massive sulphide. A number of these high grade pods/zones are starting to emerge as we increase drilling density and will no doubt become priority follow-up targets for richer massive sulphide deposits.

Summary of Mulga Tank Project assay results and outlook

The Phase 2 RC drilling program at the Mulga Tank Project has delivered robust assay results, validating the Company's approach of infill drilling the higher grade core area identified in the Phase 1 program. The results from holes MTRC030 to MTRC032 demonstrate significant evidence for 'live' magmatic sulphide chemical processes and show broad zones of highly anomalous Cu and PGE's in combination with elevated S, indicating nickel sulphide mineralisation. The Company's ongoing drilling programs aim to target thicker intervals of high-grade material, with the potential to significantly enhance the project's value proposition. Western Mines Group looks forward to updating shareholders on further assay results and the progress of deep diamond hole MTD029 (EIS3).