Free Cashflow Generation Continues and Unit Cash Costs Track Better Than Guidance PERTH, AUSTRALIA--(Marketwired - April 14, 2015) - THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S. Western Areas (ASX:WSA) (WSA or the Company) is pleased to report another strong quarterly performance across the [...]
Western Areas is pleased to announce a strong financial result for the half year ended 31 December 2014, with increased profitability and shareholder dividends. Net Profit after Tax for the half year is A$23.6m. This is a significant increase compared to the previous corresponding period of A$2.7m, mainly due to a higher realised nickel price and [...]
Perth, Australia (ABN Newswire) - Strandline Resources Limited (ASX:STA) ("Strandline") is pleased to advise that Western Areas Limited (ASX:WSA) ("Western Areas") has recently completed a detailed magnetic survey over Strandline's 100% owned, 700km2 Fowlers Bay Project. This survey represents the first stage of Western Areas' earn in to [...]
Western Areas is pleased to report another solid quarterly performance and an excellent half year result for safety, costs, operational metrics and positive free cashflow generation. There were no lost time injuries for the quarter with a reduced LTIFR of 1.00 The Company's continued focus on cost management, optimised mill performance and above [...]
Western Areas Managing Director, Dan Lougher expressed his pleasure in continuing the strong relationship formed with Jinchuan. "Jinchuan and Western Areas have had a close relationship now for over five years and we are delighted this will continue for the next two years. In our experience, Jinchuan has demonstrated without question to be a [...]
This AGM marks my first anniversary as Chairman of Western Areas. During the year I believe that significant progress has been achieved both operationally and financially that will have ongoing benefits to all shareholders and stakeholders. The Board has also been strengthened with the appointment of 2 new independent Directors Tim Netscher and [...]
Toronto based Non-Executive Director, Mr Robin Dunbar, has advised the Board of Western Areas that as part of the continued Board refresh process he will retire from the Board on 15 January 2015. This will coincide with Mr Dunbar's tenth year on the Board. The Western Areas' Board sincerely thanks Mr Dunbar for his contributions over many years [...]
Western Areas is pleased to report another solid quarterly performance and excellent start to the new financial year on safety, costs, operational metrics and positive free cashflow generation. Unit cash cost of production was A$2.50/lb of nickel in concentrate for the quarter, being A$0.11/lb lower than the previous quarter. The nickel price was [...]
The Board of Western Areas advises that it has withdrawn from the Farm-in and Joint Venture Agreement with Traka Resources Limited on tenements within the Musgrave region of Western Australia. Under the TJV, WSA will retain a 1% net smelter royalty over the tenements. Western Areas' clearly stated strategy with respect to regional exploration is to [...]
The Board of Western Areas is pleased to announce a further continuation of the Company's regional exploration strategy via the execution of Farm-in and Joint Venture Agreements with Gunson Resources Limited and Monax Mining Limited. Pursuant to the objectives of the regional exploration strategy, the Agreements provide a staged program for Western [...]
Western Areas is pleased to announce substantially improved financial results for the full year ended 30 June 2014, on the back of a material improvement in the nickel price environment and continued low cost production. As a result, the Board has resolved to declare a 4 cent per share final dividend. The significant free cash generated has also [...]
Western Areas is pleased to announce that, following its standard review of drill data post financial year end, the Flying Fox mine Ore Reserve nickel tonnes has been increased by 7,572 nickel tonnes at an average grade of 6.5% nickel. Key metrics include: The Mineral Resource contained metal increased by 9% to 89,289 nickel tonnes. The Ore Reserve [...]
