Western Areas Acquires Kagara Nickel

Western Areas (TSX:WSA,ASX:WSA) announced it has acquired Kagara Nickel Pty Ltd for A$68 million.

As quoted in the press release:

The effective date of the transfer of all nickel assets to the Company, including the high grade Lounge Lizard deposit, is 1 March 2012. The formal completion of the acquisition finalises the agreement announced by Western Areas on 5 March, 2012. All ore production, milling and sales from that date onwards are attributable to Western Areas.

Click here to read the Western Areas (TSX:WSA) press release.