Western Areas Announces Significant Increase in Odysseus High Grade Nickel Resources

Western Areas (ASX:WSA) “Western Areas” or the “Company”) is pleased to announce that the Company has trebled the defined high grade Massive Sulphide Mineral Resource at the Cosmos Odysseus Project (“Project” or “Odysseus”).
A significant percentage of the Disseminated Inferred Mineral Resource at the Project has also been upgraded to the Indicated category providing increased confidence and flexibility in the Definitive Feasibility Study that is currently underway.
Key highlights from the Mineral Resource update include:

• A 311% increase in the Total Massive Sulphide Resource to 22,838 nickel tonnes grading 8.4% Ni which now includes 8,836 nickel tonnes grading 6.1% Ni in the Indicated category;
• A 78% increase in the Odysseus North disseminated Indicated Resource to 81,156 nickel tonnes grading 2.6% Ni (previously 45,519 nickel tonnes grading 2.8% Ni);
• An overall increase in the Indicated to Inferred disseminated resource ratio from 77% to 94%, which includes a ratio increase of 56% to 93% in Odysseus North disseminated;
• The increase in Indicated Resource provides greater flexibility to the proposed mine design and schedule of the Definitive Feasibility Study; and
• The Total Odysseus Mineral Resource Estimate now stands at 7.9Mt @ 2.5% Ni for 199,174 nickel tonnes at a cut-off of 1.5% Ni.

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