WMG 9.26% 29.5¢ western mines group ltd

close to infrastructure and townspotentially similar scale -...

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    close to infrastructure and towns

    potentially similar scale - milling capacity increases over some years to 85ktpd

    low average Ni recovery - 37%??

    mineralisation near surface or outcropping - ore mined in first year along with clays and gravels, strip ratio yrs -2 and -1 = 1:1 for 20Mt or ore

    higher grade zones within the MRE - first three years mining are scheduled at > 0.3% Ni

    dependent on by-product credits, Fe and Cr

    nickel price in PEA 2022 is US$7.75 / lb

    IRR is low

 
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