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Western Areas is a nickel mining and exploration company

Western Areas is a nickel mining and exploration company.  Its principal asset is a 100% interest in the Forrestania Nickel Project ("Forrestania") located 400 km east of Perth, Western Australia. The Company is mining and developing a high grade nickel mine at Forrestania (Flying Fox) and is spending approximately A$12 million per annum on exploration aimed at building resources and discovering new deposits.

Western Areas is on track to become a significant, low cost nickel producer operating long life underground mines at Forrestania with first production in October 2006.  For the coming year the companies priorities and targets are :

Priorities:

 1. Stage One ore production from the T1 orebody ~ Up to  8,000 tpa Ni

 2. Stage Two mine development of Flying Fox T5 deposit ~ Up to 13,500 tpa Ni

 3. Maiden nickel resource for Spotted Quoll

 4. Construction of a concentrate plant ~ Expected completion in early 2009

 

Goals:

 1. Fast track development of Spotted Quoll

 2. A further 25% increase in Flying Fox resource to ~ 125,000 t of contained Ni

 3. A further 50% increase in Diggers South resource to ~ 125,000 t of contained Ni

 4. Build Ore Reserves to support a min 10 year mine life ~ 15,000 tpa Ni

 5. Discover of further new high grade massive sulphide deposits at Forrestania

Disclaimer:
This website may not include reference to all available information on Western Areas NL and should not be used in isolation to invest in the Company.  Any potential investors should refer to the Company's prior ASX announcements and statutory reports and should consult their professional advisor before considering investing in the Company.

Website Last Updated on: 23 July 2007

© Copyright 2005, Western Areas