Western Areas is pleased to provide an update from ongoing exploration activities at the new high grade discovery at New Morning, within the company's flagship Forrestania Nickel Operation. Assays have confirmed and extended the high grade discovery increasing the initial Niton estimate of 2.7m at 5.5% nickel to 3.0m at 6.3% nickel, including 2.4m [...]
Western Areas is pleased to announce that following a competitive tender process, the Company has agreed key terms with Jinchuan Group Ltd (Jinchuan) to sell up to 26,000 tonnes of nickel in concentrate (FOB Port of Esperance) over an approximate two year period. Both companies are now finalising documentation based on the existing contract which [...]
Western Areas is very pleased to announce a significant new discovery of high grade nickel sulphides below the existing high grade New Morning deposit. Key highlights include: 2.7m interval containing massive and stringer sulphides; Preliminary Niton estimates returning an average grade of 5.5% nickel over the intercept, including 2.1m @ 6.9 [...]
The December Q was another strong period with record production from the Spotted Quoll underground mine coupled with an excellent safety performance. The Lost Time Injury frequency rate now stands at 0.78 which is an outstanding achievement. Total combined mine production for the quarter was 6,957 tonnes of nickel in ore at an average grade of [...]
The Board of Western Areas is pleased to announce that the Company has received applications to participate in the Security Purchase Plan well in excess of the $15 million on offer. Western Areas will assess the eligible applications and some scaling will be required. Eligible applicants will be allotted their allocated value of securities at an [...]
Western Areas wishes to advise that as of the 12 January 2013 the Company officially changed its company type and constitution to that of a Limited company and from that date onwards the Company name will change to Western Areas Limited. An application to change the name on the ASX has been made which is expected 4 days from when ASIC issues the [...]
Western Areas produced record operational results and continued their excellent safety performance with the Lost Time Injury frequency rate now at 0.77, which is the lowest since June 2009. This is an excellent achievement by the operations team. Total mine production was 7,504 tonnes of nickel in ore at an average grade of 5.1% with Spotted Quoll [...]
The Board of Western Areas is pleased to announce net profit after tax (NPAT) of $40.2m for FY12 which includes a $3.6m one-off acquisition cost (mainly WA stamp duty on the purchase of KZL nickel assets). The largest impact on profitability for the year was the weakness in the realised nickel price from an average US$11.38/lb for FY11 to [...]
The Board of Directors of Western Areas advises that the Company has applied for the voluntary delisting of its ordinary shares from the TSX. Subject to the application being accepted by the TSX, it is expected that the ordinary shares will be delisted from the TSX on or about 31 August 2012. Western Areas' ordinary shares are currently listed for [...]
Western Areas is pleased to advise it will hold an analysts and investor conference call on 20 August 2012 to discuss the Full Year results for the year ended 30 June 2012 at the times listed below. The Full Year results announcement (Appendix 4E) and accompanying presentation will be available prior to market open on 20 August 2012.
The June Q was another strong operational period for the company with total mine production of 7,270 tonnes of nickel in ore at an average grade of 5.2%. Flying Fox mine produced a record 5,097 nickel tonnes in ore for the quarter and a record 18,553 nickel tonnes for the full year confirming the high quality of this asset. Spotted Quoll [...]
The Board of Western Areas is pleased to announce a number of significant intersections of nickel sulphides at the recently named Sunrise deposit, some 300m south east of the high grade New Morning deposit, that represent a new nickel sulphide discovery at Forrestania.
