WSA western areas limited

Mt Goode

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    right at the end of the Q and A session was a question about Jubilee's old Anomaly 1 (now Mt Goode)

    Dan reckoned it was a primary reason for Xtrata buying Jubilee
    WSA are spending money on Scoping studies for it
    53nil t @0.6% = 327 000 t Ni (see slide 26)
    BHP's Mt Keith is 0.5% so is doable as an open pit
    A nearby concentrator that can do 400 000 - 500 000t/yr (at 0.6% = 24000-30000t/yr Ni)

    These are all Dan's words not my opinion
    Not sure why the info that they are spending $ studying it had to wait for a broker's question (especially given a time of predator defence)
    Production at a guess after a lot of box ticking wouldn't be until 2025-6? (open pit and use of existing above ground infrastructure - what would capex be on the increased concentrator capacity?)
    Lower margin at 0.6% but that's a stack of Ni tonnes to come on market in the right time EV wise)

    Anyway, seemed exciting amongst the other fine tuning capex questions - I'm sure none of it has escaped the attention of IGO, BHP and Twiggy much as it did with Xtrata as Dan said
 
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