This announcement was 2 1/2 months ago and they stated that they would look at commencing work on Lake Percy within 2 months. This tenement is 40km east of the Forrestania find that has shot WSA to 1.34 at close on friday.
The price of IMA has shot to an all time high on no annoucement on friday at 38 and closed at 37.5. Watch this one....
Sydney - Tuesday - July 15: (RWE) - Western Areas NL has entered
a farm-in agreement with Image Resources NL over a group of tenements
near Lake Percy, 40km east of Forrestania.
The tenements cover a number of regional magnetic features which
may represent part of the prospective ultramafic sequence linking the
Forrestania and Lake Johnston nickel provinces.
The Lake Percy area is sand-covered and is relatively
unexplored.
The agreement allows Western Areas to earn a 60 per cent
interest in the tenements by meeting exploration expenditure of $700,000
before February 2006.
Western Areas is committed to spending $75,000 before the
company can withdraw from the agreement.
Work is scheduled to commence at Lake Percy within two months
and this program will be managed separately from the ongoing exploration
and feasibility work at Forrestania.
Shares in Western Areas today rose 1c to 41c.
Image last traded at 13c.
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Last
7.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $80.31M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 60000 | 7.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.5¢ | 50000 | 1 |
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| Last trade - 09.59am 17/09/2025 (20 minute delay) ? |
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