News: WSA Western Areas says Mill recovery enhancement project has been updated and approved

April 12 (Reuters) - Western Areas Ltd (WSA)

• Mill recovery enhancement project has been updated and approved by board to commence construction in september quarter 2017
• Fy17 guidance for capital expenditure will increase by a$3m to a$25$27m as a result of orders being placed and early works on project
• Expected cost to complete project a$17.5mln
• Company plans to fund mrep from existing cash reserves
• "Seeing significant growth in nickel demand in electric vehicle (ev) battery market"
• Due to high demand for nickel products, co believes can improve commercial terms for new 4550% high grade product generated by project