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Western Areas Announces March 2010 Quarterly Activities Report
Apr. 21, 2010 10:33AM PST
Base Metals Investing Western Areas NL (TSX:WSA)(ASX:WSA) reported that March Q 2010 was an outstanding quarter with success in all areas of the Company’s operations. Western Areas is on track to meet the Forrestania Nickel Project mine production targets of 20,000 tpa nickel in CY 2010 and 25,000 tpa nickel in CY 2011.
Western Areas NL (TSX:WSA)(ASX:WSA) reported that March Q 2010 was an outstanding quarter with success in all areas of the Company’s operations. Western Areas is on track to meet the Forrestania Nickel Project mine production targets of 20,000 tpa nickel in CY 2010 and 25,000 tpa nickel in CY 2011.
The press release is quoted as saying:
March Q 2010 coincided with ~40% increase in nickel price from US$8.50/lb at start of January to current price of US$12.00/lb nickel (19th April 2010). The Board remains focused on the core business of low cost, long life nickel production at the 100% owned Forrestania Project and on generating significant returns to shareholders. The Board is also looking at ways to fund future growth in the Company (eg: Diggers South mine, Finland Joint Venture) without impacting the core cash flow business.
Click here to access the entire press release
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