Western Mines Group Ltd
AASX:WMG0.13
AUD
+0.01
(+4.00%)
Western Mines Group Ltd
ASX:WMG
(Australian Securities Exchange)
Recent
price
0.13
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Semi-annual Earnings Per Share
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- Business
- Western Mines Group Ltd is an Australian mineral exploration company primarily engaged in the exploration and development of gold and nickel sulphide deposits. Its core projects include the Mulga Tank nickel-copper-platinum group elements (PGE) project, Jasper Hill gold project, Melita gold project, Youanmi gold project, Pavarotti Ni-Cu-PGE project, Rock of Ages gold project, Broken Hill Bore gold project, and Pinyalling gold project. The company’s key product focus is on nickel, copper, cobalt, platinum group elements, and gold, operating across various mineral belts in Western Australia. Western Mines is headquartered in West Perth, Australia, and was incorporated in 2020. Recent major developments include a successful capital raise of A$3.72 million in October 2025 aimed at advancing drilling, geochemical and geophysical assessments, metallurgical testing, and scoping studies at its flagship Mulga Tank project. The company has also been awarded a $180,000 grant from the Western Australian Government’s Exploration Incentive Scheme to support further drilling of komatiite targets within the Mulga Tank project, underscoring ongoing exploration momentum. Western Mines has completed several drill holes confirming significant nickel-copper-PGE mineralization, enhancing the potential scale of the Mulga Tank nickel sulphide system, which is considered one of the largest nickel sulphide deposits in Australia and ranked among the top 10 globally. The company continues to consolidate and expand its exploration portfolio through tenement acquisitions, such as its extension of the Jasper Hill gold project area. Western Mines Group operates largely within the mining and resources industry segment, targeting both the precious and base metals markets, with a strategic focus on resource discovery and development to create long-term shareholder value.
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