WMG 0.00% 33.0¢ western mines group ltd

Here is a basic comparison table of the two companies Aston...

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    Here is a basic comparison table of the two companies Aston minerals ASO.asx and Western mining group WMG.asx

    This is my own research and not financial advise, it is important to understand peers and invest with informed decisions.

    Cheers, enjoy your Easter break

    Aston Minerals ASO.asx

    Western mining group WMG.asx

    Location

    Country

    Ontario, Canada

    Country

    Western Australia, Australia

    Jurisdiction

    Tier 1

    Jurisdiction

    Tier 1

    Workforce

    60 km North (Timmins Ontario)

    Workforce

    190km Southwest (Kalgoorlie)

    Downstream

    Smelter

    294km Sudbury

    Capacity 2.75 million tonnes of ore per year

    Downstream

    Smelter

    Nickel West

    Capacity 750,000 tonnes of ore per year

    Management

    Exceptional management with combined experience of completion of over 10 mining projects:

    Exploration experience - Yes

    Feasibility experience - Yes

    Financing experience - Yes

    Project management - Yes

    Construction - Yes

    Commissioning - Yes

    Operations- Yes

    Current Executive Chairman - Tolga Kumova

    Currently largest shareholder 11% of company.

    Aston current management link - https://astonminerals.com/about/directors/

    Mr Peter Breese to be appointed as Executive Chairman 01 May 2023

    35 years of operational and project management experience.

    ·Chief operating officer of Nickel producer, LionOre through takeover by Norilsk Nickel

    ·Chief Executive of Norilsk Nickel following its acquisition of LionOre

    ·CEO of ASX Listed Mantra Resources Ltd, acquired in 2011 by ARMZ for A$1.16Bn

    Aston appointed management link - https://astonminerals.com/wp-content/uploads/AstonAppointsExpertNickelMineBuildingTeam04Apr23.pdf.

    Exploration experience and capital raising but no current experience progressing project to production.

    Exploration experience - Yes

    Feasibility experience - No

    Financing experience - Yes

    Project management - No

    Construction - No

    Commissioning - No

    Operations- No

    Managing director - Dr Caedmon Marriott

    Currently holding 3m shares (6% of company)

    Caedmon has over 18 years experience in mineral exploration and equity capital markets. Caedmon was previously Managing Director of Western Australian gold and nickel explorer Aldoro Resources (ASX:ARN).

    Link - https://www.westernmines.com.au/corporate/board-of-directors/

    Power

    Existing power infrastructure - Yes

    Hydro power running through tenement.

    Ranging from 7-15 cents per kWh

    Existing power infrastructure - No

    If possible but not likely able to access grid from Kalgoorlie - 29c per kWh plus capital to install infrastructure.

    Otherwise, options such as diesel generator, solar/battery or gas.

    Resource

    MRE - Yes

    1,044 Mt at 0.30% Ni Nickel Sulphide

    MRE - Feb 23

    MRE - No

    Mining

    Near surface open pit starting at 10m to depths of 847m, width ranges between 100-650m, and strike length of 4,443m
    Table 2 Reasonable Potential for Economic Extraction (RPEE)

    Not assessed

    Recovery

    Four acid (4A) versus aqua regia (AR) assay

    Summary of four acid (4A) versus aqua regia (AR) assay results in table 1

    Four acid (4A) versus aqua regia (AR) assay

    Summary of four acid (4A) versus aqua regia (AR) assay results in table 1

    Recovery circuit

    Aston ran samples through XPS Laboratories, Subdury and on first pass rougher flotation concentrate still achieved exceptional recovery of 71.8% Ni.

    This will improve with ongoing optimisation and confirms saleable product.

    Recovery circuit

    Not assessed

    Other assets

    MRE - Yes

    Gold - 1.5Moz

    Various exploration projects globally

    MRE - No

    Various exploration sites across WA.




    https://hotcopper.com.au/data/attachments/5184/5184430-b99a4ef91619e7c96f5132861a24119f.jpg
    Aston published an assumptions table within MRE feb 2023 This table allows you to calculate project economics for Astons project.
    https://hotcopper.com.au/data/attachments/5184/5184431-3378655fe32f5b2ec5daf05967826aab.jpg
 
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