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Shares in Windward Resources Limited (ASX:WIN) spiked more than 40 per cent yesterday after providing an update on its Fraser Range North project in Western Australia. 

 

The exploration company reports a recent ground EM survey has identified a highly conductive body at the Western Margin prospect. 

 

The prospect is located 4 kilometres south-east of Sirius Resources NL’s (ASX:SIR) Nova Bollinger deposit.

 

Windward says the conductor has the highest conductivity of any conductor identified by the company and plans to initiate drilling as soon as possible.