Western Areas: Making Moves
All images: Western Areas Panorama view of Western Areas Flying Fox processing plant. BY: JESSICA CUMMINS WESTERN Areas has a lot to look forward to with development pushing ahead at its new Odysseus prospect and continued exploration opportunities across its Forrestania operation, and newly acquired Western Gawler tenements. Nickel-focused miner, Western Areas, doubled its net profit from $4.8 million to $8.3 million in the second half of FY18 in line with improved nickel prices. With free cash flow of $19.1 million as of 30 June, Western Areas managing director and chief executive Dan Lougher said the company’s midterm outlook was to utilise cash on hand to accelerate exploration. Mr Lougher also had high hopes for its newly...