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Today we released our December quarterly report, highlighting another quarter of consistent performance, as WSA tracks towards achieving FY20 guidance. Highlights during the quarter include: – Net free cashflow of A$19.0m increased cash at bank to A$184.9m – Successful commissioning of underground main pump station and associated infrastructure at Odysseus, with underground mine rehabilitation advancing – New nickel concentrate offtake contracts to deliver enhanced revenues.
After a very competitive tender process we are very happy to have announced our new nickel offtake arrangements for the next two to three years this morning. Western Areas is pleased to be continuing to supply BHP Nickel West for another three years, continuing our relationship into over 10 years, and we are also pleased to once again be supplying Jinchuan for the next two years with our high grade nickel concentrate product. Importantly, both BHP Nickel West and Jinchuan are major players in the downstream nickel industry, supplying both stainless steel and the growing EV battery market. The increased offtake terms represent the importance of securing high quality nickel to supply both these markets. We would of course also like to acknowledge the strong commercial relationship we have enjoyed with our outgoing offtake partner, Tsingshan, over the last three years.
Merry Christmas from team WSA! 2019 has been a fantastic year, marked by consistent and reliable performance at Forrestania and the decision to mine Odysseus which will drive Western Areas forward. Thank you to all staff, contractors and suppliers for their support throughout the year. Looking forward to another great year in 2020. Happy Festive Season!
Another great year having PERFORMEX onboard as they lead the industry in Workplace Health and Wellness, Clinical Exercise Physiology, Injury Management and Workers Compensation Rehabilitation fields. PERFORMEX delivers tailored services, systems and initiatives within Perth and throughout Australia. A great program looking after both staff on and offsite. Here’s to many more in health.
We are pleased to present Western Areas’ FY19 Annual Report. Western Areas has had a strong year operationally, meeting production guidance and conducting significant exploration activities. The major highlight of the year was the decision to commence mining at the Odysseus mine! Thank you to the everyone at WSA for a fantastic year! https://bit.ly/2J12ewj
The team at Western Areas presented at the Australian Nickel Conference (ANC) today which was held at the Pan Pacific in Perth. The ANC is a premier event of nickel producers and explorers and Australia’s only dedicated nickel event. Our presentation this year focuses on the development of our Odysseus Project: http://ow.ly/ZjKp50wLf3P
Western Areas’ Managing Director Dan Lougher, sat down with the ABC to discuss the current nickel landscape. Listen in to hear Western Areas’ views on the nickel price, the emerging Electric Vehicle (EV) market and the impact of the Indonesian nickel ban! http://ow.ly/bsM650wLgqe
Western Areas’ full interview for Battery Materials Review‘s October recharge podcast is now live! In this interview, Managing Director Dan Lougher gives an overview of our operations, his insights into forecast demand for nickel, and the important role Odysseus will play in the emerging electric vehicle market! Listen to the full podcast at: https://lnkd.in/d2ssBkM