Western Areas is Australia’s class leading nickel producer, with high grade nickel production assets in Australia and base metals development projects across Australia, Canada and Finland. Headquartered in Perth, Western Australia, Western Areas is listed on the Australian Securities Exchange (ASX) under the ticker symbol “WSA”.
Production is built around two of the highest grade underground nickel mines in the world, Flying Fox and Spotted Quoll, both within Western Area’s Forrestania project area in Western Australia. The high grade nature of these two mines, coupled with a consistent track record of meeting production targets, produce significant operating margins.
As a result Western Areas maintains continued profits throughout the nickel commodity price cycle.
Growth and expansion from the current profitable base is well in hand via a multi stream strategy including continued exploration programs, pre-development projects and a disciplined approach to potential acquisitions.
Western Areas was built upon the successful discovery of two high grade nickel ore bodies at Forrestania and this forms a natural part of the Company’s continuing growth strategy. A significant re-investment in exploration at Forrestania is led by the proven team responsible for discovering the Flying Fox and Spotted Quoll ore bodies. The Company believes significant further discovery potential exists and success in this program will naturally leverage existing installed production infrastructure.
Strong pre-development projects in Finland and Canada are moving towards feasibility studies, backed by Western Areas significant technical expertise and development experience.
The Company will make acquisitions of assets where clear value can be added for shareholders and will consider going outside the current nickel focus.