Sydney - Friday - June 29: (RWE Australian Business News) - Western Areas (WSA) reports it is already moving to increase activities at the Forrestania Nickel Project following the successful pricing of the A$225 million of convertible bonds today. Managing Director, Mr Julian Hanna, said "Western Areas is now in a strong position to expand the high quality resource base and increase production from the Forrestania Nickel Project. We are seeing excellent progress in a number of areas including exploration, mine development, production and feasibility studies." Mr Hanna added that "although our main focus is on the high grade Flying Fox mine, we are very encouraged by recent drilling at Diggers South which has the potential to be a major nickel system in its own right".
WSA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held