Western Mines Lists on ASX
Western Mines Group has listed on the ASX after its $5.5m Initial Public Offering closed oversubscribed amidst strong investor demand, a reflection of the major growth potential of WMG’s portfolio of gold and nickel sulphide-focused exploration projects in the Goldfields region of WA. The IPO closed early after successfully raising $5.5m via the issue of 27.5m shares at 20 cents each. WMG has a portfolio of eight exploration projects, strategically located in major mineral belts of WA. The company’s lead asset is the Mulga Tank Ni-Cu-PGE Project, a major dunite intrusive within the under-explored Minigwal Greenstone Belt. Previous exploration indicates the presence of a working sulphide mineral system, and unlocking the exploration potential of Mulga Tank will be the prime…