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Western Areas has released an activity report ending March 31, detailing a quarter of free cashflow generation with cash at bank increasing to AU$135.7 million, after capital expenditure, feasibility study and exploration costs of AU$13.6 million.
Western Areas (ASX: WSA) has released an activity report ending March 31, detailing a quarter of free cashflow generation with cash at bank increasing to A$135.7m, after capital expenditure, feasibility study and exploration costs of A$13.6m.
Total nickel mined was 6,236 tonnes, the highest production volume in twelve months. This resulted in total nickel contained in stockpiles increasing to 4,311 tonnes, the highest level since March 2015.
The company also had positive safety news for the quarter.
As quoted in the press release:
Western Areas managing director Dan Lougher said : I am very pleased to report that our operations have continued to run safely with the lost time injury frequency rate back at zero.
Click here to view the full Western Areas (ASX:WSA) press release.
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