Western Areas is pleased to report another strong quarterly performance on costs, operational metrics and positive free cashflow generation. Unit cash cost of production was A$2.54/lb of nickel in concentrate for the quarter. Consequently, for the same measure, half year unit cash costs came in at A$2.41/lb, being well below the full year guidance [...]
Western Areas is pleased to announce commencement of a reverse circulation drilling program within the Musgrave Joint Venture tenements to test quality bedrock conductors identified from recent Moving Loop Electromagnetic surveys. This follows completion of the initial expenditure requirement to earn 30% equity in the West Musgrave Joint Venture [...]
In accordance with ASX Listing Rule 3.13.2 and Section 251AA of the Corporations Act 2001, Western Areas announces the results of the Annual General Meeting of shareholders held today. All resolutions were passed on a show of hands. Proxy votes exercisable by all proxies validly appointed were as follows:
The 2013 year was again one of great success in our Company, but also one where the nickel price and Australian dollar did not perform as we would have liked. I am pleased to say that Western Areas is in a solid financial position, with a healthy cash balance and strong balance sheet. We continue to deliver well on all operational measures with [...]
Western Areas wishes to announce that founding shareholder and non-executive Chairman Mr Terry Streeter has elected to pull back from his commitments to Western Areas and will be standing down from the Board at the conclusion of the Company's Annual General Meeting today. The Board has unanimously elected Mr Ian Macliver as an Independent [...]
Western Areas is pleased to announce a proposed transaction to vend the Company's Finnish exploration assets into the London AIM listed company, Centurion Resources PLC (Centurion), via the issue of new Centurion shares. The transaction will be combined with an equity raising of £3.4 million. The proposed transaction constitutes a reverse takeover [...]
Western Areas is pleased to report the achievement of another strong quarter on all operational measures, including the third consecutive quarter where unit cash costs of production have substantially reduced to A$2.28/lb, their lowest level since December Q 2011. Operationally the Company has commenced the new financial year strongly when measured [...]
Western Areas is pleased to announce positive developments at its Spotted Quoll mine with a doubling of the Mineral Resource for the Spotted Quoll North Zone and the establishment of a maiden underground Ore Reserve for this high grade massive sulphide deposit.
Western Areas is pleased to announce another significant intercept, being the highest grade result to date, within the new high grade nickel discovery at New Morning. Key highlights include: 3.6m interval of massive sulphides; Preliminary Niton estimates returning an average grade of 8% nickel over the intercept (refer to disclaimer)- the highest [...]
Western Areas today announces the Company's Full Year Results for the year ended 30 June 2013. The full financial report can be found on the Company's website. In all, against a backdrop of a challenging year for all nickel companies with a falling nickel price and high Australian dollar, Western Areas reported a net loss after tax of $94.1m. This [...]
Western Areas is pleased to advise it will hold a conference call on 27 August 2013 for analysts and shareholders to discuss the Full Year results for the year ended 30 June 2013 at the times listed below. Media are welcome to join the conference call. The Full Year results announcement (Appendix 4E) and accompanying presentation will be available [...]
Western Areas expects to recognise a non-cash impairment charge of between A$90 million to A$100m after tax for the financial year ended 30 June 2013 (FY2013). The impairment estimate is subject to both Board sign off and auditor review as part of finalising the financial statements for FY2013. The majority of the impairment charge relates to [...]
