WSA 0.00% $3.86 western areas limited

raises spotted quoll resource 118pc

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    Sydney - Tuesday - September 2: (RWE Aust Business News) -
    Western Areas (ASX:WSA) has a 118 per cent increase in the high grade
    mineral resource at Spotted Quoll, Western Australia.
    The revised mineral resource estimate now comprises a total
    1,045,900 tonnes at an average grade of 7.2 per cent nickel for 75,140
    tonnes of contained nickel to only 300m vertical depth.
    The majority of the mineral resource, 88pc, is in the high
    confidence indicated category.
    This excellent result confirms the potential for a major
    underground mine below the proposed open pit.
    Western Areas is already considering early development of an
    underground mine which could produce ore concurrently with the latter
    stages of the open pit.
    In this event, production could significantly exceed the target
    8,000 tpa nickel from Spotted Quoll.
    A mining proposal for the Spotted Quoll open pit has been lodged
    and, assuming this is approved by the end of 2008, ore production is
    expected to commence in the September quarter 2009.
    The revised mineral resource rates Spotted Quoll as one of the
    world's highest grade and most continuous nickel deposits, less than 12
    months since its discovery in October 2007.
    Importantly, Spotted Quoll remains open at depth and open along
    strike.
    The Spotted Quoll resource upgrade has increased the total amount
    of contained nickel in mineral resources at the Forrestania project to
    312,730 tonnes nickel.
    Western Areas has set a new target to define 400,000 tonnes
    contained nickel from the Forrestania by the end of 2009.
 
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