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".
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