Annuncio • Feb 03
WIN Metals Ltd has completed a Follow-on Equity Offering in the amount of AUD 5.51 million. WIN Metals Ltd has completed a Follow-on Equity Offering in the amount of AUD 5.51 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 88,216,429
Price\Range: AUD 0.035
Discount Per Security: AUD 0.0021
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 68,926,428
Price\Range: AUD 0.035
Discount Per Security: AUD 0.0021
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 285,714
Price\Range: AUD 0.035
Transaction Features: Subsequent Direct Listing New Risk • Dec 28
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 56% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 58% per year over the past 5 years. Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (18% average weekly change). Market cap is less than US$100m (AU$30.0m market cap, or US$20.1m). Recent Insider Transactions Derivative • Dec 24
MD, CEO & Executive Director exercised options to buy AU$269k worth of stock. On the 22nd of December, Johannes Norregaard exercised options to buy 8m shares at a strike price of around AU$0.031, costing a total of AU$238k. This transaction amounted to 607% of their direct individual holding at the time of the trade. Since June 2025, Johannes' direct individual holding has increased from 1.27m shares to 8.95m. This was the only transaction from an insider over the last 12 months. Annuncio • Dec 13
WIN Metals Ltd has filed a Follow-on Equity Offering in the amount of AUD 5.51 million. WIN Metals Ltd has filed a Follow-on Equity Offering in the amount of AUD 5.51 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 88,216,429
Price\Range: AUD 0.035
Discount Per Security: AUD 0.0021
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 68,926,428
Price\Range: AUD 0.035
Discount Per Security: AUD 0.0021
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 285,714
Price\Range: AUD 0.035
Transaction Features: Subsequent Direct Listing Annuncio • Sep 26
WIN Metals Ltd, Annual General Meeting, Nov 26, 2025 WIN Metals Ltd, Annual General Meeting, Nov 26, 2025. New Risk • Sep 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 17% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 58% per year over the past 5 years. Shareholders have been substantially diluted in the past year (102% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Market cap is less than US$100m (AU$20.7m market cap, or US$13.7m). Annuncio • Aug 21
WIN Metals Ltd has filed a Follow-on Equity Offering in the amount of AUD 2.375292 million. WIN Metals Ltd has filed a Follow-on Equity Offering in the amount of AUD 2.375292 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 117,514,599
Price\Range: AUD 0.02
Discount Per Security: AUD 0.0012
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,250,000
Price\Range: AUD 0.02
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Apr 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.1m free cash flow). Shareholders have been substantially diluted in the past year (85% increase in shares outstanding). Revenue is less than US$1m (AU$21k revenue, or US$14k). Market cap is less than US$10m (AU$9.08m market cap, or US$5.75m). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). New Risk • Mar 13
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$4.1m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.1m free cash flow). Shareholders have been substantially diluted in the past year (85% increase in shares outstanding). Revenue is less than US$1m (AU$578k revenue, or US$365k). Market cap is less than US$10m (AU$9.90m market cap, or US$6.25m). New Risk • Jan 04
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 85% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 24% per year over the past 5 years. Shareholders have been substantially diluted in the past year (85% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$9.90m market cap, or US$6.16m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Annuncio • Nov 21
WIN Metals Ltd (ASX:WIN) completed the acquisition of Palm Springs Gold Project from Meteoric Resources NL (ASX:MEI) for AUD 5 million. WIN Metals Ltd (ASX:WIN) signed a tenement sale agreement to acquire Palm Springs Gold Project from Meteoric Resources NL (ASX:MEI) for AUD 5 million on August 28, 2024. A deposit of AUD 0.05 plus GST (already received); a cash payment of AUD 0.95 million plus GST upon settlement; and WIN Shares to the value of AUD 1.75 million upon settlement (at a deemed issue price of the next WIN Metals capital raising and subject to 12-month voluntary escrow). A cash payment of AUD 1million plus GST 18 months after settlement; and a cash payment of AUD 1.25 million plus GST upon the production of 20,000oz of gold from Palm Springs. This has been approved by the Board of Meteoric Resources NL.
On 9 September 2024 WIN Metals announced that it will commence drilling on the Project in mid-September 2024.
WIN Metals Ltd (ASX:WIN) completed the acquisition of Palm Springs Gold Project from Meteoric Resources NL (ASX:MEI) on November 21, 2024 New Risk • Nov 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 24% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$8.74m market cap, or US$5.73m). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding). Annuncio • Oct 03
WIN Metals Ltd, Annual General Meeting, Nov 28, 2024 WIN Metals Ltd, Annual General Meeting, Nov 28, 2024. Annuncio • Sep 11
WIN Metals Ltd has completed a Follow-on Equity Offering in the amount of AUD 3.6 million. WIN Metals Ltd has completed a Follow-on Equity Offering in the amount of AUD 3.6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 144,000,000
Price\Range: AUD 0.025
Discount Per Security: AUD 0.0015
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Sep 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$11m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 24% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$10.2m market cap, or US$6.83m). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding). New Risk • Aug 29
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$11m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$11m free cash flow). Earnings have declined by 24% per year over the past 5 years. Revenue is less than US$1m (AU$153k revenue, or US$104k). Market cap is less than US$10m (AU$10.9m market cap, or US$7.41m). Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding). Annuncio • Aug 28
WIN Metals Ltd (ASX:WIN) signed a tenement sale agreement to acquire Palm Springs Gold Project from Meteoric Resources NL (ASX:MEI) for AUD 5 million. WIN Metals Ltd (ASX:WIN) signed a tenement sale agreement to acquire Palm Springs Gold Project from Meteoric Resources NL (ASX:MEI) for AUD 5 million on August 28, 2024. A deposit of AUD 0.05 plus GST (already received); a cash payment of AUD 0.95 million plus GST upon settlement; and WIN Shares to the value of AUD 1.75 million upon settlement (at a deemed issue price of the next WIN Metals capital raising and subject to 12-month voluntary escrow). A cash payment of AUD 1million plus GST 18 months after settlement; and a cash payment of AUD 1.25 million plus GST upon the production of 20,000oz of gold from Palm Springs. This has been approved by the Board of Meteoric Resources NL. New Risk • Jun 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 28% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$11.5m market cap, or US$7.64m). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (7.3% increase in shares outstanding). Annuncio • Apr 17
Widgie Nickel Limited has filed a Follow-on Equity Offering in the amount of AUD 3.999934 million. Widgie Nickel Limited has filed a Follow-on Equity Offering in the amount of AUD 3.999934 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 99,998,340
Price\Range: AUD 0.04
Transaction Features: Rights Offering New Risk • Feb 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.3m (US$9.29m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$16m free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 43% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$14.3m market cap, or US$9.29m). Minor Risk Shareholders have been diluted in the past year (19% increase in shares outstanding). New Risk • Dec 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$16m free cash flow). Earnings have declined by 43% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (AU$24.1m market cap, or US$15.8m). Recent Insider Transactions Derivative • Sep 23
MD, CEO & Executive Director exercised options to buy AU$52k worth of stock. On the 20th of September, Johannes Norregaard exercised options to buy 273k shares at a strike price of around AU$0.21, costing a total of AU$59k. This transaction amounted to 61% of their direct individual holding at the time of the trade. Since December 2022, Johannes has owned 448.04k shares directly. Company insiders have collectively bought AU$161k more than they sold, via options and on-market transactions, in the last 12 months. New Risk • Sep 13
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended June 2022. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported June 2022 fiscal period end). Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (AU$58.0m market cap, or US$37.3m). Annuncio • Sep 10
Widgie Nickel Limited, Annual General Meeting, Nov 08, 2023 Widgie Nickel Limited, Annual General Meeting, Nov 08, 2023. Annuncio • Feb 16
Widgie Nickel Limited Provides Lithium Assay Results Widgie Nickel Limited provided Lithium assay results from a 71 hole Reverse Circulation (RC) programme for 2,062m completed at the Faraday Lithium deposit between 12 and 23 January 2023. Drilling was aimed to infill around the previously announced higher grade results to help define an area within the much larger mineralised system, which showed strong potential to be amenable to mining as part of a short-term direct shipping opportunity. In addition to this, drilling was also then extended out on a 40m strike spacing to test the continuation of the spodumene bearing pegmatite. Results to date are considered extremely promising demonstrating both the short and longer-term potential of the Faraday lithium discovery. The complete set of drill results, drill collar summary and cross sections. The RC drilling has confirmed the continuity of the predominate flat west dipping, north-south strike of the lithium bearing pegmatites with a main thicker (5-20m wide) body with a number of thinner 'stacked' bodies present. The pegmatite displays a degree of fractionation common within intrusive rocks. The drilling has successfully delineated continuity of higher-grade lithium values that indicate the pegmatites have the potential to not only be exploited by a short-term direct shipping opportunity but also to host a much larger significant discovery. The drilling to date has only tested a small part of what is thought to be a much larger and extensive pegmatite system with drilling only down to 50m below surface and over 290m strike. With confidence growing in the orientation and lithium grades within the pegmatites, the Company will now look to be more aggressive in undertaking wider spaced exploration drilling further afield to define the extent of the pegmatites. The Mt Edwards Project lithium tenements cover the northern margin of the Widgiemooltha Dome. The region is well endowed with lithium occurrences and includes three major resources at Dome North (Essential Metals Limited to the south, Bald Hill (Lithco) to the east and Mt Marion (Mineral Resources Limited /Gangfeng JV) to the north. The Mt Edwards Project lithium tenements have had limited exploration for lithium to date. Specific to the Faraday deposit the pegmatite bodies are a result of a late-stage fractionated intrusive event interpreted to be located proximal to larger scale granitic intrusion. Coarse grained spodumene has been recorded at multiple surface locations, with the outcrop covering a strike extent of approximately 600 metres in a north-south orientation. The pegmatite outcrop varies in width from 1 metre up to 25 metres. Soil anomalism indicates the intrusive body extends further to the north undercover as supported by sporadic pegmatite outcrops further to the north. Interpretation of the RC drilling indicates Faraday is a stacked pegmatite system dipping shallowly at -25o to the west of widths varying up to 18m in downhole width with minor parasitic veins narrower in thickness and hosted within the Mt Edwards ultramafic suite. The base of weathering/oxidation is extremely shallow, with oxidation and clay minerals observed to a depth of less than 5-10m. Visual spodumene mineralisation is generally pervasive throughout the logged pegmatite body which is supported by the RC drilling assay results. Higher grade zones of lithium mineralisation have been defined by the tighter drilling associated with visually local concentrated spodumene within the pegmatite veins that suggests further investigation is needed to understand the mineralisation controls. The continuity of these shallow higher grades now defined by close spaced drilling confirms they have the potential to be amenable to low-cost open pit mining both from a modest targeted higher grade parcel perspective in addition to a larger lower grade perspective excluding any further expansion of the mineralisation defined along strike or down dip. Faraday is on granted mining tenure, with a favourable ore geometry suggesting a low waste-to-ore ratio to access the mineralisation, coupled with oxidised waste rock, suggesting favourable low-cost mining parameters and importantly a small mining footprint minimising surface disturbance. The Company now intends to Complete a material RC drilling campaign to test the potential of the broader system along strike (over 400m of outcrop untested) and at depth. Continue infill drilling, where thought appropriate, to further understand the lithium endowment and controls. Continue with metallurgical test work to assess overall ore recoveries comprising HLS (heavy liquid separation) in addition to ore sorting test work to investigate the potential of rudimentary upgrading of medium grade ore to a premium DSO (direct shipping ore) grade. Devise an appropriate mine plan and associated permitting activities to accelerate potential development. Following significant interest in the project over the last three months, the Company has engaged corporate adviser Longreach Capital to manage a formal process with interested parties. The Company looks forward to updating the market as the Faraday development pathway evolves. Annuncio • Feb 13
Widgie Nickel Limited Announces Assay Results from Its Reverse Circulation and Diamond Drilling Program Targeting the Gillett and Gillett North Mineralisation Widgie Nickel Limited announced assay results from its Reverse Circulation (RC) and Diamond (DD) drilling program targeting the Gillett and Gillett North mineralisation. This announcement pertains to all holes completed as of 31 December 2022 and not previously reported or included in the January 2023 Resource Estimation. As of 8 February 2023, a further 14 pre-collars out of a planned 20 holes within the Gillett area have been drilled in preparation for diamond tails targeting higher grades within the resource wireframes and testing for strike extensions to the south. The Company sees the Greater Widgie South area, comprising Widgie 3, Widgie Townsite and Gillett/Gillett North as the potential second nickel production centre in the Company's portfolio. Given the existing significant nickel endowment (71,860t Ni Indicated and Inferred Resource) across these three deposits, in close proximity, this potential operation will be larger in scale and longer life than the Company's first planned nickel mine at Armstrong. Discussion of Results: Drilling at the northern end of the Gillett Resource has expanded the extent of the known nickel mineralisation up to 80m beyond the current resource wireframes with results of 23m @ 1.03% Ni, 0.11% Cu, 0.03% Co from 246m (MERC236), 10m @ 1.00% Ni, 0.10% Cu, 0.03% Co from 331m (MEDD039) and 15m @ 1.18% Ni, 0.13% Cu, 0.04% Co from 303m (MEDD041). The Gillett Mineral Resource is a nickel sulphide deposit hosted within an ultramafic package dipping steeply (75o to 85o) to the south-west sitting on the eastern limb of a tight upright anticline. Mineralisation at Gillett occurs over a strikelength of more than 1,000 metres in an altered ultramafic on or near the basal contact with three separate sub parallellens now identified. A contact lode position lying directly adjacent to the older hanging wall basalt. The main lode within the ultramafic position lying 5 - 10m away from the contact. The UM2 disseminated lode lying a further 5 - 10m from the main lode (not shown on cross section below). The mineralisation styles within the contact and main lodes range from disseminated to very strong matrix sulphidemineralisation. Zones of massive sulphides have been intersected with grades of up to 8% Ni returned from individual assays.The nickel sulphide mineralisation within the UM2 lens is typically heavily disseminated sulphide which runs between 0.6% and 2.0% nickel. Mineralisation at Gillett North is similar in style to Gillett but sits on the western limb (and possibly around the fold nose) of the same anticline with the geological and structural relationship between the two deposits yet to be fully determined. A significant feature of the recent drilling and ongoing structural studies is the apparent strong structural control on the mineralisation where it has been significantly deformed into smaller secondary "drag folds" on the limbs of larger D2 folds resulting in thick higher grade "pods" with short down dip continuity over approximately 20 -100 metres. These thicker zones do have strong plunge components, as seen at Gillett which has both a flat and moderate to the southeastplunges which are postulated to represent an earlier D1 folding event that has then be refolded during D2. Later stageD3 and D4 faulting have then displaced the lodes. This is important for drill spacing as these better zones can easily be missed in wider spaced drilling and has implications across the field. This is highlighted by wide spaced follow up drilling at Gillett North based on holeMERC225 which intersected 12 metres at 3.40% Ni from 200 metres downhole and 18 metres at 4.69% Ni from 246metres downhole where detailed structural logging of follow up diamond drilling including a twin hole (MEDD072 results pending) advances thisgeological model. The Company intends to improve the building of 3D geological models and where appropriate tighten drilling up and/orincrease the use of down hole electromagnetics (DHEM). Numerous DHEM conductors remain to be tested throughoutthe Company`s tenure and a full review of these plates will be conducted and prioritised for drill testing. Annuncio • Jan 24
Widgie Nickel Limited Announces Updated Mineral Resource Estimate at its Gillett Deposit Widgie Nickel Limited announced an updated Mineral Resource Estimate at its Gillett deposit, estimated in accordance with the 2012 JORC Code. Gillett forms part of the Mt Edwards Project located in a province of historic nickel sulphide mines. Using historical and new assay data the reinterpreted Mineral Resource at Gillett has increased the amount of contained nickel from 22,500 to 23,400 tonnes. The Gillett Mineral Resource was estimated by Richard Maddocks from Auralia Mining Consulting. The scope to further grow Gillett has driven a future work program that will include RC pre-collars and diamond core tails drilling to further test the extents of mineralisation, and infill drilling to increase confidence sufficient to `upgrade' the Mineral Resource classification for a greater portion of the Resource. The recent exploration success at Gillett North lies external to the Gillett Resource and will ultimately be included in future iterations upon receipt of outstanding assays and further drilling to be carried out in 2023. The Gillett Nickel deposit is located on Mining Lease M15/94, approximately 3km south-southeast of the Widgiemooltha Township. Widgie holds the nickel rights for Mining Lease M15/94 with the underlying tenure held by Mincor Resources NL. Gillett is one of three nickel deposits located on M15/94, collectively named the Widgie South Trend (Widgie Townsite, Gillett and Widgie 3). Widgie holds nickel interests over a significant portion of the nickel prospective tenements around the Widgiemooltha Dome. The Gillett Mineral Resource is a nickel sulphide deposit hosted within an ultramafic package dipping steeply to the west. Mineralisation at Gillett occurs over a strike length of more than 1km in a talc-carbonate altered ultramafic on or near a basal contact with a basalt. There is a strong foliation developed parallel to the basal contact, and one interpretation is that the basal contact has been thrust from the main contact that hosts the Widgie 3 and Widgie Townsite nickel sulphide deposits. The Gillett deposit has been structurally modified with the mineralisation sitting in the ultramafic of an overturned limb under a hanging wall of basalt. The nickel sulphide mineralisation has been being partly controlled by later stage quartz- carbonate veining. A basalt hill along the strike of Gillett is interpreted to represent the hinge-line of an anticline, with the stratigraphy on the eastern limb overturned and steeply dipping to the west. The ultramafic-basalt contact and mineralisation on this overturned limb strikes northwest at approximately 325 and the higher-grade zones appear to plunge gently to the north. Numerous NE-SW trending deposit scale faults have been identified using field mapping and airborne magnetic geophysics. These faults dip at about 88 towards the NNW and have been defined in the structural logging of the diamond core. Veins seen in diamond core indicate some remobilisation of sulphide minerals at Gillett. Nickel Mineralisation: The mineralisation styles range from weakly disseminated to very strong matrix sulphide mineralisation. Most of the mineralisation is disseminated with stacked zones of matrix and massive sulphide. Generally, the disseminated sulphide runs between 0.6 and 2.0% nickel with the matrix style mineralisation grading up to 3% nickel. Above 3% nickel represents a more massive style of mineralisation. Drilling has intersected massive sulphide zones with banded pyrrhotite and pentlandite grading up to 8% nickel. Modelling: The mineralisation conforms to a Kambalda style komatiite flow hosted orebody. Geology logs were used to construct a basal surface to the ultramafic unit. This surface is the contact between the ultramafic and the underlying mafic basalts. The higher-grade nickel mineralisation accumulates at or near this contact. There are ten modelled domains contained on or close to the basal contact between mafic and ultramafic rock units. There are likely zones of disruption possibly caused by faulting and/or shearing which may dislocate the basal contact. Modelling of these dislocations is not possible given their orientation close to the drilling direction. This may also have caused some remobilisation of nickel sulphides in this central area as there are zones of sulphide mineralisation faulting off the main mafic-ultramafic contact. Domains were modelled and estimated with hard boundaries. A mineralised envelope was modelled using a nominal 0.5% nickel cut-off. This cut-off was chosen as it approximates the grade boundary between nickel sulphide mineralisation in massive/matrix and disseminated forms and non- sulphide nickel contained in the ultramafic host. A top of fresh rock surface was modelled from the logging codes in drill holes. No significant mineralisation extends above this surface. All modelled mineralisation is within the fresh rock domain. The model used parent blocks of 15m X, 15m Y and 5m Z with sub blocks of 0.5m in all directions. The 10 domains were modelled using hard boundaries. Annuncio • Jan 17
Widgie Nickel Limited Provides Update on its Lithium Exploration Activities Widgie Nickel Limited provided an update on its lithium exploration activities. Widgie has continued to review all available datasets demonstrating potential for lithium bearing pegmatites, following the lithium potential demonstrated at the recently discovered Faraday prospect. Initial review of drill data highlighted historical assay results of up to 14m @ 0.95% Li2O from 13m at the Voyager prospect on the southernmost drill line. Whilst drilling 50m directly to the north failed to intersect pegmatite. Re-interpretation and confirmatory surface mapping suggests a different orientation which would suggest previous drilling at the Voyager prospect was ineffective. The Company now intends, upon completion of the current reverse circulation (RC) drilling at Faraday, to immediately conduct an initial eight (8) hole drill program to test the lithium potential at Voyager. Following this, Widgie will look to expand drilling along strike and at depth. All data referred to and reported in this announcement relates to exploration for potential lithium bearing pegmatites conducted by Neometals Ltd. between May 2017 and August 2018. As part of an initial broad assessment at its Mt Edwards Project, mapping and surface sampling was conducted in 2017 at the Atomic 3 prospect located on Mining Lease M15/101, directly north (~300m) of the company`s 132N Nickel Mineral Resource. Rock chip sampling of a series of sub-cropping pegmatite returned numerous assays containing elevated Lithium up to 3.40% Li2O associated with visible spodumene. A follow-up RC drilling programme was carried out in 2018 1. This drilling was only partially successful, with significant lithium bearing pegmatite intersected only on the southernmost drill line across the western most pegmatite (Voyager) with the drilling 50m directly to the north not intersecting the pegmatite. Best drill results from the Voyager pegmatite were: 4 metres at 1.27% Li2O from 43 metres in drillhole MERC030, and 14 metres at 0.95% Li2O from 13 metres, including 4 metres at 1.70% Li2O from 22 metres in drillhole MERC031. Mapping and new 3D modelling of the pegmatite suggests that the drilling to date would have been ineffective in targeting the prospective spodumene bearing horizon due to the pegmatite striking NE-SW, dipping moderately to the west with the drilling missing the modelled pegmatite. Thus, based on Widgie's interpretation, the pegmatite remains untested in all directions. The Company intends, upon completion of the current reverse circulation (RC) drilling underway at Faraday, to carry out an initial eight (8) hole program at Voyager to test this new interpretation prior to testing along strike and at depth. Work also continues to rapidly assess the potential of other known lithium occurrences within the extensive dataset, in conjunction with further mapping, reassessment of existing drill core and RC chips/pulps and ongoing surface sampling to identify new areas of interest. Annuncio • Jan 10
Widgie Nickel Limited Announces Assays Reaffirm High-Grade Lithium Discovery At Faraday Widgie Nickel Limited provided assay results from the outstanding 8 Reverse Circulation (RC) holes from a maiden 18-hole program completed at the Faraday Lithium prospect. Drilling conducted on a nominal 40m x 40m spacing over approximately 175 metres of strike has identified lithium bearing pegmatite extending beneath a 600-metre surface outcrop measuring up to 25 metres wide. The complete set of drill results outlined in Table 1 and illustrated in Figure 1 6 is an extremely promising start, highlighting the continuous presence of lithium-bearing pegmatite at a high-grade (0.8%). The results encourage the Company to significantly increase lithium exploration activity to fully assess the potential scale of the Faraday prospect. The preliminary RC drilling was conducted to provide an indication of the orientation of the pegmatite and the potential distribution of any associated lithium mineralisation. This drilling has been highly successful, and with only very limited shallow drilling done to date, the presence of high-grade lithium values intersected within the pegmatites demonstrate that the area has the potential to host an economic discovery. The drilling and assays confirm the pegmatites display a degree of internal fractionation and/or are multiple events with higher lithium grades more often on the contacts of the pegmatite, with further studies planned to determine the elemental distribution. The higher grade (>0.8%) lithium appears to demonstrate good continuity in an NNE/NE orientation within the overall N/S striking pegmatite with infill drilling designed to test this. The Company in tandem with continuing its nickel drill program will now accelerate its lithium exploration across its tenure. Lithium results (Li, B, Cs and Rb) by Inductively Coupled Plasma "ICP" were prioritised in the assay laboratory and are now all received with X-ray Fluorescence "XRF" results to complete the assay suite (Al, Ba, Ca, Fe, K, Mg, Mn, Nb, P, S, Sn, Sr, Ta, W) pending. The Mt Edwards Project lithium tenements cover the northern margin of the Widgiemooltha Dome. The region is well endowed with lithium occurrences and includes three major resources at Dome North (Essential Metals Limited) to the south, Bald Hill (Lithco) to the east and Mt Marion (Mineral Resources Limited /Gangfeng JV) to the north. The Mt Edwards Project lithium tenements have had limited exploration for lithium to date. Specific to the Faraday prospect the pegmatite bodies are a result of a late-stage fractionated intrusive event interpretedto be located proximal to larger scale granitic intrusion. Coarse grained spodumene has been recorded at multiple surface locations, with the outcrop covering a strike extent of approximately 600 metres in a north-south orientation. The pegmatite outcrop varies in width from 1 metre up to 25 metres. Soil anomalism indicates the intrusive body extends further to the north undercover as supported by sporadic pegmatite outcrops to the north. Interpretation of the RC drilling indicates Faraday is a stacked pegmatite system dipping shallowly at 25o to the west with widths varying up to 18m in downhole width with minor parasitic veins narrower in thickness and hosted within the Mt Edwards ultramafic suite. The base of weathering/oxidation is extremely shallow, with oxidation and clay minerals observed to a depth of less than 5-10m. Spodumene mineralisation whilst occurring throughout the logged pegmatite body shows variable zonation which is supported by the RC drilling assay results and the new diamond core. High grade zones of spodumene mineralisation are found concentrated locally within pegmatite veins that require further drilling and investigation is needed to understand the mineralisation controls. Drilling to date has tested only ~175m of strike down to 50m vertical depth with the new intercept of 7m @ 1.17% Li2O from surface providing further encouragement that there is potential for a fast-tracked small mining operation which can feed into a possible direct shipping arrangement. Infill drilling within the area currently drilled to achieve better mineralisation definition is planned for commencement in mid January with drill density varying from 20m by 20m to some areas designed to be covered on an 10m x10m pattern coincident with better lithium grades. Upon completion, the Company intends to complete a material RC drilling campaign to test the potential of the system along strike (over 400m of untested outcrop) and at depth. Pending heritage clearance and ongoing drill success the program can thereafter expand further as success dictates. Metallurgical testing including XRD testing of mineralogy and physical testing of the drill core is now underway with work comprising initial crushing and sizing analysis to understand if any natural bias exists where spodumene reports to certain size fractions preferentially with various other testing regimes planned thereafter upon completion of this initial work. Annuncio • Dec 16
Widgie Nickel Limited Announces Assay Results from Its Reverse Circulation (RC) and Diamond (DD) Infill and Extensional Drilling Program Targeting the Gillett Mineralisation Widgie Nickel Limited announced assay results from its Reverse Circulation (RC) and diamond (DD) infill and extensional drilling program targeting the Gillett mineralisation. As of 12 December, a further nine holes at Gillett and eight holes from the recent Gillett North discovery have been drilled and are pending assay results. To date at Gillett Widgie has completed 91 drillholes for 28,791.75 metres. The results from this drilling will now form part of the upcoming new resource estimate targeted to be completed early in the forthcoming quarter. The Company sees the Widgie South area, comprising Widgie 3, Widgie Townsite and Gillett potentially representing the second nickel production centre in the Company's portfolio. Given the significant nickel endowment (70,800t Ni Indicated and Inferred Resource) across these three deposits within proximity of each other this potential operation will be larger in scale and significantly longer life than the Company's first planned nickel mine at Armstrong. The infill results within this announcement of the main lode position such as 14m @ 2.53% Ni, 0.28% Cu, 0.07% Co from 236m (MERC183), 15m @ 3.37% Ni, 0.42% Cu, 0.09% Co from 238m (MERC193) and 12.7m @ 2.53% Ni, 0.34% Cu, 0.07% Co from 262m (MERC194) have also defined an area of excellent grade and width (estimated true width around 70% of the downhole width) continuity not previously defined within the previous wider spaced drilling. Importantly drilling has also confirmed and delineated a contact lode position (figure 5 to TO) not previously modelled with latest results including 10m @ 2.93% Ni, 0.38% Cu, 0.07% Co from 210m (MERC139), 5m @ 2.14% Ni, 0.37% Cu, 0.06% Co from 314m (MEDD021) and 8m @ 1.44% Ni, 0.32% Cu, 0.06% Co from 202m (MERC140). The discovery of a parallel contact position is extremely important in helping to identify the main "flow channel" which is generally considered as the most prospective part of the ultramafic for Kambalda style nickel sulphide mineralisation. It is envisaged that 3D modelling of this "flow channel" will guide future drilling. A significant feature of recent drilling are the three deeper extensional holes outside of the existing defined mineralised envelope that have intersected significant nickel mineralisation including 10m @ 1.28% Ni, 0.18% Cu, 0.04% Co from 387m (MERC200 contact position), 8.14m @ 1.27% Ni, 0.13% Cu, 0.04% Co from 426.86m (MEDD023 contact position), and 1.3m @ 2.69% Ni, 0.37% Cu, 0.10% Co from 202m (MEDD022 Main lode position). This demonstrates these prospective horizons very much remain open at depth. Annuncio • Dec 08
Widgie Nickel Limited Announces Assays Confirm High Grade Lithium Discovery At Faraday Widgie Nickel Limited provided assay results from the first 10 RC drill holes from an 18-hole program completed at the Faraday Lithium prospect. Drilling conducted on a nominal 40m x 40m spacing over approximately 175m of strike has identified lithium bearing pegmatite extending beneath a 600-metre surface outcrop measuring up to 25 metres wide. The preliminary RC drilling was conducted to provide an indication of the orientation of the pegmatite and the potential distribution of any associated lithium mineralisation. The pegmatite displays a degree of fractionation common within intrusive rocks and/or multiple events which will require further infill drilling and studies to determine the elemental distribution. The presence of high-grade lithium values indicate the pegmatites have the potential to host a significant economic discovery. Lithium results were prioritised in the assay Laboratory with XRF results pending on all samples submitted. The Mt Edwards Project lithium tenements cover the northern margin of the Widgiemooltha Dome. The region is well endowed with lithium occurrences and includes three major resources at Dome North to the south, Bald Hill (Lithco) to the east and Mt Marion (Mineral Resources Limited /Gangfeng JV) to the north. The Mt Edwards Project lithium tenements have had limited exploration for lithium to date. Specific to the Faraday prospect the pegmatite bodies are a result of a late-stage fractionated intrusive event interpretedto be located proximal to larger scale granitic intrusion. Coarse grained spodumene has been recorded at multiple surface locations, with the outcrop covering a strike extent of approximately 600 metres in a north-south orientation. The pegmatite outcrop varies in width from 1 metre up to 25 metres. Soil anomalism indicates the intrusive body extends further to the north undercover as supported by sporadic pegmatite outcrops to the north. Interpretation of the RC drilling indicates Faraday is a stacked pegmatite system dipping shallowly at 25o to the west of widths varying up to 18m in downhole width with minor parasitic veins narrower in thickness and hosted within the Mt Edwards ultramafic suite. The base of weathering/oxidation is extremely shallow, with oxidation and clay minerals observed to a depth of less than 5-10m. Visual spodumene mineralisation is generally pervasive throughout the logged pegmatite body which is supported by the RC drilling assay results. High grade zones of spodumene mineralisation are found concentrated locally within pegmatite veins that suggests further investigation is needed to understand the mineralisation controls. Diamond drilling aiming to twin mineralised intervals, identified from drilling to date, will commence within the next week to obtain samples required for initial metallurgical test work. Further to this, the Company intends to complete a material RC drilling campaign to test the potential of the systemalong strike (over 400m of outcrop untested) and at depth. As part of this campaign, infill drilling will be completed to better understand the lithium endowment and controls. Planning is underway to ensure this commences expeditiously in the New Year. Board Change • Nov 16
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Scott Perry is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Annuncio • Nov 03
Widgie Nickel Limited Announces Commencement of Drilling on Recently Discovered Faraday Lithium Prospect Widgie Nickel Limited announced the commencement of drilling on the recently discovered Faraday Lithium prospect. Faraday was discovered during field reconnaissance with assays from a rock chip sampling program confirming lithium bearing pegmatites outcropping over a 600-metre strike, with surface expressions of up to 25 meters wide. Visible spodumene has been identified at several locations with multiple high-grade Li2O values returned from 14 rock chip samples. Higher values of note include; S10013 - 2.61% Li2O; S10014 - 3.70% Li2O; S10015 - 2.86% Li2O; S10017 - 3.60% Li2O; S10019 - 2.91% Li2O; S10021 - 3.04% Li2O; and S10025 2.73% Li2O. With limited historical lithium exploration across the Mt Edwards project, the recent rock chip results highlight the promising potential of the project area. The Mt Edwards project is in the heart of a world class lithium region, known as Western Australia's lithium corridor, which covers a total strike extent of more than 100 kilometres in the Eastern Goldfields region Discussion of Drilling Aims: Historical wide spaced soil sampling by previous explorers identified a strong lithium anomaly located within tenement M15/102. The soil anomaly had no follow up exploration until the recent rock chip samples collected by Widgie during early September 2022. Drilling planned will aim to achieve two primary objectives: Geometry: From the scissor holes planned as per Section 6515775 an accurate estimation of the prevailing dip orientation of the two mineralised pegmatites will be able to be determined. Drilling scissor holes will cater for the potential for variable dips other than that postulated. During the drilling phase senior Widgie geological staff will be present to direct drilling. Should drilling at the end of each projected hole remain in pegmatites this can and will be extended under supervision up to the maximum drilling capability of the RC rig, which is 350m. Pending results, and should the hole end in pegmatite, Widgie has an onsite diamond rig capability and thus can readily extend the hole should this be appropriate. Spodumene distribution: Little is understood of the distribution of Spodumene (and potentially other lithium minerals) within the pegmatite. Drilling chips and resultant sampling/assays will allow Widgie to gain an understanding of how pervasive the lithium is within the pegmatite and the broader felsic unit. Gaining fresh sample will also allow Widgie to carry out XRD mineralogical assessment to fully determine the spread of lithium minerals. From initial assessment, Spodumene, which has the chemical formulae LiAl(SiO3)2, is the main lithium bearing mineral observed at the Faraday prospect. The presence of other lithium minerals, such as petalite or lepidolite, from visual observation is believed to be subordinate to the more desirable Spodumene mineral. This initial program comprises 6 Reverse Circulation (RC) holes for a planned minimum of 740 m of drilling, and will be completed over approximately a week's duration. Samples will be expedited to Perth for processing with Widgie hopeful of receiving assays prior to the Christmas break. This will enable follow up planning, so that upon resumption of activities in the New Year, Widgie is able to advance on ground activities associated with Faraday. Geological Interpretation: The Mt Edwards Project lithium tenements cover the northern margin of the Widgiemooltha Dome. The region is well endowed with lithium occurrences and includes three major resources at Dome North (Essential Metals Limited) to the south, Bald Hill (Lithco) to the east and Mt Marion (Mineral Resources Limited) to the north. The Mt Edwards Project is central to this highly prospective corridor for Lithium which covers a total strike extent of more than 100 kilometres. The Mt Edwards project lithium tenements have had very limited exploration for lithium to date. At the Faraday prospect, the pegmatite bodies are a result of a very late-stage intrusive event and are interpreted to be located proximal to larger scale granitic intrusion. Coarse grained spodumene has been recorded at several locations, and the outcrop covers a strike extent of approximately 600 metres in a north-south orientation. The pegmatite bodies vary in width from 1 metre up to 25 metres. It is interpreted that the intrusive body extends further to the north where outcrop is minimal, but soil sampling is indicating Li anomalism. Detailed mapping and additional rock chip sampling have been undertaken to better define the strike and dip of the pegmatite body necessary to aid designing the drilling program. Regional Investigation: Rock chip sampling at other identified pegmatite outcrops across Widgie's tenure is underway. Desktop research interrogating drill hole logs is ongoing aiming to delineate prospective pegmatites intersected in historic drilling. Annuncio • Oct 28
Widgie Nickel Ltd Announces Scoping Study Highlights Potential of Armstrong Mine Widgie Nickel Ltd. announced the outcomes of the recently completed Scoping Study for the mining of the Company's Armstrong Deposit ("Armstrong"), located at the northern end of the Widgiemooltha Dome. The Armstrong Nickel Deposit is located on tenement M15/99, 9km north north-west of Widgiemooltha. Access to Armstrong is via the Coolgardie-Norseman Rd, with the turn-off to the mine site 63km from Coolgardie. The Armstrong Mining Lease is central to the Mt Edwards Project, with Widgie holding nickel mineral rights over a significant portion of the nickel prospective Widgiemooltha Dome tenements. Armstrong forms part of the Mt Edwards Project located in a province of historic nickel sulphide mines. The Armstrong Mineral Resource was estimated by Richard Maddocks from Auralia Mining Consultants and reviewed by Snowden Mining Industry Consultants and has been estimated in accordance with the 2012 JORC Code. The Mineral Resource estimate for the Armstrong Deposit of 633,000 tonnes at 2.1% nickel for 13,200 nickel tonnes is reported in accordance with the 2012 Edition of the `Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' prepared by the Joint Or Reserves Committee of The Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia (JORC Code) and follows a detailed interrogation and review of the available data, including the earlier reported Mineral Resource estimates by the previous holders of Nickel Mineral Rights on the tenement. 1.0% nickel cut-off grade is considered the most appropriate for the Mineral Resource estimate, however, the mineralisation is robust and maintains significant tonnes when higher cut-off grades are applied. The Armstrong Deposit occurs on the west dipping, west facing limb of the Moore Anticline. Mineralisation occurs in a basal, high MgO komatiite flow unit commonly 17 to 30 m thick. Thin high MgO flows and associated interflow sediments, including a basal sediment separating mafic and ultramafic volcanics, occur away from the mineralisation. Olivine peridotite komatiites have been altered to a lizardite antigorite-forsterite assemblage. The footwall consists of predominantly basalts, with rare interflow sediments. The deposit has been intruded by the east dipping margin of an Archaean granite that partly limits the down-dip and down-plunge extent of the ore body. An east-west Proterozoic dyke marks the southern extent of the mineralisation. The Armstrong Deposit occurs on the west dipping, west facing limb of the Moore Anticline. Mineralisation occurs in a basal, high MgO komatiite flow unit commonly 17 to 30 m thick. Thin high MgO flows and associated interflow sediments, including a basal sediment separating mafic and ultramafic volcanics, occur away from the mineralisation. Olivine peridotite komatiites have been altered to a lizardite antigorite-forsterite assemblage. The footwall consists of predominantly basalts, with rare interflow sediments. The deposit has been intruded by the east dipping margin of an Archaean granite that partly limits the down-dip and down-plunge extent of the ore body. An east-west Proterozoic dyke marks the southern extent of the mineralisation. The drill database used in the Mineral Resource estimate is comprised of diamond drilling samples and RC drilling samples across ten generations of drilling from 1968 to 2019. Information from 24,204 m of Diamond Core and 20,265 m of RC drilling across 522 drill holes for 17,899 samples were included in the estimation. Grade estimation for nickel was done using ordinary kriging in two passes with the search ellipses aligned with the strike and dip of the mineralisation. An inverse distance squared model for nickel was also estimated for comparison. It was not deemed necessary to apply top cuts, however to limit the influence of very few high-grade outliers for nickel and arsenic the composite was given a restricted search direction. Other elements including Fe, Co, S and Cu were estimated using ordinary kriging. Elements Au, As and Mg were estimated using inverse distance squared. 1.0% Ni cut-off grade is considered the most appropriate for the Mineral Resource estimate, which results in a reporting figure of 633,000 t at 2.1% Ni for 13,200 t of contained nickel. Annuncio • Oct 21
Widgie Nickel Limited, Annual General Meeting, Nov 25, 2022 Widgie Nickel Limited, Annual General Meeting, Nov 25, 2022, at 10:00 W. Australia Standard Time. Location: Auditorium 2, Ground Floor Tower 2, Brookfield Place (Deloitte building) 123 St Georges Terrace Perth Western Australia Australia Agenda: To receive and consider the annual financial report of the Company for the period commencing 15 March 2021 and ended 30 June 2022 together with the declaration of the Directors, the Directors report, the Remuneration Report and the auditors report; to consider adoption of remuneration report; to consider the re-election of director Andrew parker; and to consider other matter also. Board Change • Oct 12
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Scott Perry is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions Derivative • Oct 09
MD & Director exercised options to buy AU$124k worth of stock. On the 6th of October, Johannes Norregaard exercised options to buy 436k shares at a strike price of around AU$0.24, costing a total of AU$103k. This transaction amounted to 3,726% of their direct individual holding at the time of the trade. Since June 2022, Johannes has owned 11.71k shares directly. Company insiders have collectively sold AU$1.2m more than they bought, via options and on-market transactions in the last 12 months. Annuncio • Sep 15
Widgie Nickel Limited Provides Assays from its Reverse Circulation (RC) and Diamond (DD) Infill and Extensional Drilling Program Specific to the Armstrong Mineralisation Widgie Nickel Limited provided assays from its Reverse Circulation (RC) and diamond (DD) infill and extensional drilling program specific to the Armstrong mineralisation. The results increase the confidence of Armstrong's production potential and highlight significant additional upside via the by-product endowment. These results pertain to all completed drill holes not previously reported. Infill drilling at Armstrong has now been successfully completed with no further drilling contemplated. At Armstrong, Widgie has completed 36 RC drill holes and 15 DD tails for 9,105 metres and 1,972 metres respectively. The outcomes from this drilling will now form part of the upcoming resource estimate recalculation targeted to be completed by the end of the current quarter. Discussion of Results: The company has been successful in further defining the periphery of mineralisation, specifically the location of the granite intrusive cutting mineralisation off at depth, and in confirming the width of mineralisation. This is expected to lead to greater conversion of the remaining portion of inferred resource into indicated category in the upcoming resource re-estimate. Mining feasibility studies have commenced in tandem with the resource calculation. With diamond tails intersecting the hanging wall rock, the mineralisation and the footwall rock, Widgie has gathered valuable geotechnical information to guide mine design. Identification of optimal placement of capital development in the most favourable rock types, assessment of ground support requirements and other important information has been gathered to determine the most appropriate methods of ore extraction to maximise value. Further ore intercepts from the diamond drilling were preserved and refrigerated in preparation for metallurgical testing which is also now underway. This work will assist in determining expected performance in upgrading ore to a concentrate and importantly determine deportment of by-products to the concentrate. This will subsequently allow determination of their payability. Geological Interpretation: The Armstrong Mineral Resource is a nickel sulphide deposit hosted within an ultramafic package dipping moderately (55o to 65o) to the south-west. Mineralisation at Armstrong occurs over a strike length of 550 metres in a serpentinised ultramafic on or near the basal contact. The basal contact has been folded and forms a parasitic fold with the mineralisation located on the upper contact of the fold. The mineralisation styles range from weakly disseminated to very strong matrix sulphide mineralisation. The disseminated and heavily disseminated sulphides range in grade from 0.5% Ni up to 2.5% Ni. Zones of massive sulphides have been intersected in the basal contact position with grades of up to 23% Ni returned from individual assays. Annuncio • Sep 08
Widgie Nickel Limited Provides Updated Assay Results from Its Reverse Circulation (Rc) and Diamond (Dd) Infill and Extensional Drilling Program Specific to the Gillett Mineralization Widgie Nickel Limited provided updated assay results from its Reverse Circulation (RC) and diamond (DD) infill and extensional drilling program specific to the Gillett mineralization. The results pertain to all holes completed as at 25 June 2022 and not previously reported. Infill drilling continues at Gillett in addition to extensional work with further holes planned between Gillett and the recent Gillett North discovery. To date at Gillett, Widgie has completed 66 RC drill holes and 21 DD holes for 14,516 meters and 4,771.7 meters respectively. The outcomes from this drilling will now form part of the upcoming resource estimate recalculation targeted to be completed by the end of the quarter. The results to date from drilling have met with expectations. The added benefit of diamond drilling versus RC drilling (which dominated historical drilling on Gillett) has proven beneficial in understanding the mineralizing sequence and host rock conditions guiding exploration effort. Whilst grade and mineralization width are the primary objective of drilling, geotechnical assessment of the rock mass as an integral part of the core logging process is an imperative to guide subsequent mine design parameters. In addition, sample preparation has generated a significant quantity of mineralized core, now refrigerated to prevent oxidization. Subsequent metallurgical testing and evaluation, the first such test work carried out on Gillett mineralization will commence during the forthcoming quarter. The Gillett Mineral Resource is a nickel sulphide deposit hosted within an ultramafic package dipping steeply (75 o to 85o) to the south-west. Mineralization at Gillett occurs over a strike length of more than 850 meters in a talc-carbonate altered ultramafic on or near the basal contact. The Gillett deposit has been structurally modified with the mineralization sitting on the eastern limb of an anticlinal structure. The basal contact is slightly overturned, has a strike of 325 degrees magnetic and is dipping steeply to the south-west. The mineralization styles range from weakly disseminated to very strong matrix sulphide mineralization. Zones of massive sulphides have been intersected in the basal contact position with grades of up to 8% Ni returned from individual assays. The nickel sulphide mineralization is typically heavily disseminated with up to three stacked lenses of sulphides sitting above the basal contact. Generally, the disseminated sulphide runs between 0.6% and 2.0% nickel with the matrix style mineralization grading up to 3% nickel. Above 3% nickel represents a more massive style of mineralization. The drill results received to date combined with the extensive historical dataset further demonstrate the high proceptivity of the Widgie tenure, both at a local scale, with folded repetition of the mineralized basal contact and stacking of mineralization, continuity of the mineralization along the basal contact and potential to increase resources and EM targets beyond current Mineral Resources. The outcome from these drill holes relating to Gillett and those previously announced will be incorporated into the existing drill hole database with a revised resource estimate for Gillett targeted for completion at the end of the month. This will represent an interim outcome with work to continue infilling areas where drill density dictates, reducing uncertainty and importantly expand the resource where opportunities are seen to exist, especially in a northerly direction towards the recently announced Gillett North discovery hole, a focal point for ongoing drilling activity. The information in this announcement that relates to exploration results and sampling techniques is based on and fairly represents information and supporting documentation compiled by Mr. Don Huntly, who is a full-time employee of Widgie Nickel Limited. Mr. Huntly is a Competent Person and a member of the Australian Institute of Geoscientists. Mr. Huntly has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the `Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr. Huntly consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. Annuncio • Jul 28
Widgie Nickel Limited Announces Resource Growth Potential Confirmed At Gillett North Widgie Nickel Limited announced that assays have been received for reverse circulation (RC) drillhole MERC232 at the Gillett North target confirming significant resource growth potential along strike and to the north-west of Gillett: Assays received for RC holes MERC232 and MERC228 at Gillett North confirm the potential for significant resource growth along strike from the main Gillett deposit; Significant intervals from MERC232 include: 25 metres at 1.42% Ni from 165 metres downhole; including 12 metres at 2.21% Ni from 175 metres; 2 metres at 2.02% Ni from 196 metres downhole; MERC232 is located 100 metres along strike and to the north-west from Gillett; Significant interval from MERC228 includes: 8 metres at 1.0% Ni from 156 metres downhole; Including 4 metres at 1.24% Ni from 160 metres downhole; Further additional assays have also been received for RC percussion hole MERC225, significant intervals include: 12 metres at 1.22% Ni from 168 metres downhole; 2 metres at 1.26% Ni from 277 metres downhole; 4 metres at 1.09% Ni from 281 metres downhole; The Gillett and Gillett North mineralisation cover a strike extent of approximately 1,150 metres and remains open along strike and down dip. Annuncio • Jul 22
Widgie Nickel Limited Announces That the By-Product Assays Have Been Received for Reverse Circulation (Rc) Hole Merc225 At the Gillett North Discovery Widgie Nickel Limited announced that the by-product assays have been received for reverse circulation (RC) hole MERC225 at the Gillett North discovery. The by-product grades are significant in their own right, however when coupled with the previously announced Nickel assays,. Significant by-product assays complement Gillett North discovery drillhole MERC225: 12 metres at 3.40% Ni, 0.13% Co, 0.45% Cu, 1.45 g/t 3E1 from 200 metres downhole; 18 metres at 4.69% Ni, 0.18% Co, 0.59% Cu, 1.35 g/t 3E from 246 metres downhole (including 6 metres at 2.57 g/t 3E from 252 metres downhole and 1 metre at 2.98 g/t 3E from 263 metres downhole); These results supplement significant Ni intersections previously reported from MERC225 including: 12 metres at 3.40% Ni from 200 metres downhole; 18 metres at 4.69% Ni from 246 metres downhole; 2 metres at 1.26% Ni from 277 metres downhole. Results demonstrate PGM potential of Mt Edwards Follow-up drillholes and down hole EM ongoing to evaluate the extent of this discovery By-product credits have significant incremental value potential at Gillett and Gillett North mineralisation over a strike extent of 1,150 metres and remains open along strike and down dip. Annuncio • Jun 28
Widgie Nickel Limited Announces High-Grade Nickel Sulphide Discovery At Gillett North Widgie Nickel Limited announced that the assays have been received for RC percussion hole MERC225 at the Gillett North target confirming high-grade, thick massive nickel sulphides and disseminated sulphides across two intervals in a blind basal contact position. The high-grade result from MERC225, enhances Widgie's position to refine its future exploration targets within the Widgie South area. Widgie South currently comprises 70,800t Ni (Indicated and Inferred Resources) across three deposits within proximity of each other as part of the overall Mt Edwards resource base of 168,150 Ni tonnes (@1% Ni cut-off; see ASX announcement 9 March 2022 - Widgie grows Mt Edwards Nickel Resource). The Gillett to Widgie Townsite corridor covers a strike extent of approximately 1.7 km and has had little exploration completed below 150 metres with only minor historical work carried out in the Gillett North region. The corridor is highly prospective for the discovery of additional nickel sulphide mineralisation as evidenced by the results from MERC225. Downhole electromagnetic (DHEM) surveys have now been completed on nine holes at Gillett and two holes at Gillett North. The results are very encouraging with a strongly conductive body identified at Gillett North below and to the south-east of hole MERC226. This highly conductive body in particular is significant in that it has a conductance of ~10,000 siemens which is indicative of a potential massive sulphide body. In addition, assays have been received for the Reverse Circulation (RC) and Diamond (DD) extensional and infill drilling programs carried out on the Gillett mineralisation. The results continue to support Widgie's production aspirations, with a re-estimation of the Gillett Mineral Resource expected in the September 2022 quarter. Geological Interpretation The basalt footwall and ultramafic host unit within the Gillett to Widgie Townsite corridor has been tightly folded to produce a north-west plunging anticlinal structure. It is interpreted that all positions on the anticline have the potentialto host nickel sulphide mineralisation. The nickel sulphides intersected in hole MERC225 represents an extension of the Gillett nickel sulphide resource in a blind position approximately 150 to 200 metres below surface.Previous exploration is very limited along strike and to the north-west and this represents a highly prospective corridor for the discovery of additional nickel sulphide mineralisation and is very promising for the growth of the Gillett resource. The three distinct mineralised zones observed in MERC225 are hosted within an ultramafic unit and are separated by a zone of mafic rock. The drillhole has been interpreted to have been drilled in or near the hinge zone of an anticlinal (fold) structure. The fold structure presents a repetition of the same basal contact of an ultramafic unit overlying a mafic basalt unit. The fold has been interpreted to be plunging shallowly to the north-west, and MERC226 has therefore been drilled in poorly or unmineralised ultramafic rock above the fold hinge. Downhole electromagnetic surveys (DHEM) have been completed on nine holes at Gillett and two holes (MERC225 andMERC226) at Gillett North. The surveys have detected multiple conductive bodies associated with nickel sulphides at Gillett and Gillett North. DHEM completed on MERC225 and MERC226 at Gillett North have identified a very strongconductive body of ~10,000 siemens which is indicative of a massive sulphide body. Diamond drilling will be planned to intersect this conductive body in the forthcoming weeks. With regard to receiving assay results company have continued to experience longer than expected delays with current turnaround times in excess of eight weeks. The Company expects the assays to be received progressively over coming months with the next batch of results expected to be received by the middle of July. The Company has mitigated these delays from an operational perspective with the purchase of a portable XRF analyser machine (pXRF) to provide immediate infield guidance for company's exploration decision making and planning. Annuncio • May 30
Widgie Nickel Limited Provides an Update from an Initial Two Drillhole Brownfields Exploration Program Carried Out At Its Mount Edwards Project Widgie Nickel Limited provided an update from an initial two drillhole brownfields exploration program carried out at its Mount Edwards Project. The sulphide mineralisation intersected in hole MERC225 includes pyrrhotite (po), pentlandite (pe) and minor amounts of chalcopyrite (cp) which is indicative of the style of nickel sulphide mineralisation in the region (Table 1). No significant sulphide mineralisation was intersected in MERC226, which was drilled 100 metres to the north of MERC225. This information is based solely on visual inspection of the RC chips. The RC chips from MERC225 and MERC226 are yet to be assayed and analysed, however the presence of nickel is supported by in-field readings taken using a portable x-ray fluorescence (pXRF) instrument. The sulphide intervals vary in sulphide content from massive sulphides (>80%) to very low concentrations of less than one percent sulphide. It is interpreted that the sulphides are hosted within the same ultramafic or komatiitic unit that is host to the Gillett nickel sulphides located to the south-eastThe two distinct mineralised zones observed in MERC225 are hosted within ultramafic and are separated by a zone of mafic rock. As indicated in Figure 3 below, the drillhole has been interpreted to have been drilled in or near the hinge zone of an anticlinal (fold) structure. The fold structure presents a repetition of the same basal contact of an ultramafic unit overlying a mafic basalt unit. The fold has been interpreted to be plunging shallowly to the north, and MERC226 has therefore been drilled in poorly or unmineralised ultramafic rock above the fold hinge. A downhole electromagnetic (EM) survey crew is currently surveying holes at Gillett, once these surveys are completed downhole EM will be completed on both MERC225 and MERC226. Due to the encouraging results from the first hole, an additional five holes have been added to the Gillett North RC percussion program, which now makes a total of eleven holes in the program with two holes completed to date. The drilling is scheduled to be completed over the next few weeks. Annuncio • Apr 04
Widgie Nickel Provides First Assay Results from Its Reverse Circulation (RC) and Diamond (DD) Infill and Extensional Drilling Program Widgie Nickel Limited provided the first assay results from its Reverse Circulation (RC) and diamond (DD) infill and extensional drilling program specific to the Gillett mineralisation. This announcement details the assay results received for the first four RC holes and first eight DD holes. RC drillholes were primarily designed as pre-collars for the diamond drilling, and thus stop short of the Gillett mineralisation with the exception of the first four RC drillholes which were planned to drill through the Gillett mineralisation. It is highly encouraging that the results from two of the four RC holes demonstrate continuation of Gillett nickel mineralisation beyond the current defined limits of mineralisation. To date, Widgie has completed forty-five RC drillholes for 8,217 metres and fourteen DD holes for 2,599.6 metres at Gillett. The Company expects an ongoing flow of assay results to be received progressively over coming months. Annuncio • Mar 10
Widgie Nickel Limited to Provide the Following Update with Respect to its Mt Edwards Project Widgie Nickel Limited ('Widgie' or 'the Company') to provide the following update with respect to its Mt Edwards project. Following an independent assessment of the Inco-Boundary deposit by Auralia Mining Consulting, this new body of nickel mineralisation has been added to the Mt Edwards resource base. Modelling of historical reverse circulation (RC) and diamond drilling (DD) carried out at the deposit has resulted in an Inferred resource at the Inco-Boundary deposit of 464,000 tonnes, at a grade of 1.2% nickel, representing 5,590 tonnes of contained nickel. This increases the Total Resource across Mt Edwards to 10,684,000 tonnes, at 1.6% Ni, for contained nickel of 168,150 tonnes, encompassing both indicated and inferred resources at a 1% cut-off. The Inco-Boundary deposit is proximal to existing resources on mining leases M15/103 and M15/87. Striking north-south it is situated 500 metres south of the historic Mt Edwards/26N underground nickel mine and 900m north of the Munda Resource (at surface). Mining Lease M15/103 is held by Mincor Resources Ltd, with Widgie Nickel's wholly-owned subsidiary Mt Edwards Lithium Pty Ltd. retaining nickel rights over the tenement. Mining Lease M15/87 is held by Widgie Gold Pty Ltd, a wholly-owned subsidiary of Auric Mining Ltd, with Mt Edwards Lithium Pty Ltd. retaining nickel and lithium rights over this tenement. The Inco-Boundary deposit was discovered by Inco Limited in November 1967, following programs of airborne and ground electromagnetic surveys, Induced Polarisation (IP) surveys and soil sampling. Over the upcoming two years, eight separate nickel sulphide occurrences were identified in the area, of which 26N Mt Edwards was the most significant. Inco-Boundary, previously referred to as the 14N prospect, was one of the nickel sulphide occurrences identified. Subsequent exploration was conducted by Western Mining Corporation (WMC), Titan Resources, Estrella Resources and Neometals Ltd. The Inco-Boundary deposit occurs on the western limb of the north plunging Mt Edwards anticline, at or near the base of a series of ultramafic flows which overlie a footwall basaltic sequence. The ultramafics range from high MgO to low MgO peridotite and consist of a series of 40-50m thick flows with interflow sediments up to 5m thick. Drilling has defined a narrow, steep westerly dipping and NNW-plunging zone of nickel sulphide mineralisation. The mineralisation is generally of low grade (1% Ni), although there are a number of higher grade intersections (3% Ni). Geological modelling was completed using Micromine with block modelling and grade estimation completed using Vulcan. Mineralised domains were modelled based on elevated nickel grades and proximity to the basal surface at the mafic/ultramafic contact. A nominal cut-off grade of 0.4% Ni was used to model the shapes. This was based on the natural nickel cut-off grade determined from the cumulative log-normal distribution graph. The mineralisation wireframes were supplied by Widgie Nickel and Auralia was responsible for grade interpolation into these shapes. Auralia constructed a lithological contact surface to represent the mafic/ultramafic contact, based on historic geological mapping and drill logs. Mineralisation is modelled to extend over an 800m strike length to a depth based on current drilling of 400m. Only sulphide mineralisation has been included in the reported mineral resource. Annuncio • Feb 02
Widgie Nickel Limited, Annual General Meeting, Mar 17, 2022 Widgie Nickel Limited, Annual General Meeting, Mar 17, 2022. Annuncio • Jan 20
Widgie Nickel Limited Provides Update with Respect to Drilling Activities At Its Mt Edwards Project Widgie Nickel Limited provided the following update with respect to drilling activities at its Mt Edwards Project. Following mobilization of contractor, Westralian Diamond Drillers, to site on 17 January 2022 diamond drilling commenced this week. This follows the completion of 10,437m of Reverse Circulation (RC) drilling over 69 holes, which Widgie reported has exceeded budget expectations in terms of productivity and is in line with budgeted costs. An inventory of 34 pre-collared holes established through the initial RC drilling program are now set to be lengthened by diamond drilling designed to intersect nickel mineralization. With the diamond drilling tails planned averaging between 85-320m in length, rapid progress is anticipated with multiple intercepts expected per week. Diamond drilling will be progressively ramped up to operate on a continuous 24-hour basis. This follows initial RC drilling activities, which commenced on 11 November 2021. The primary focus of the drilling was initially on the extension of mineralization at the highly prospective Gillett Resource, as announced to the market on 1 November 2021. Due to a slight delay in permitting approvals leading into the Christmas period, Widgie pragmatically shifted the initial focus of the drilling campaign to pre-collar drilling at Munda. Work ceased onsite for the Christmas break on 23 December 2021 and recommenced on 10 January 2022, with RC drilling continuing at Munda. All pre-collars planned for infilling Munda are now completed and ready for diamond drill tails. A short shallow drilling program of 9 RC holes for 762m was completed mid-December at various locations including Munda, Zabel, Armstrong and 26N-Mt Edwards, with the aim to procure samples of oxide mineralization for metallurgical test work. RC drilling is now focussed back on the Widgie South area following receipt of regulatory approvals in mid-January. Work on infilling and expanding Gillett, expanding Gillett West and infilling Widgie 3 will be the focal point for both RC and diamond drilling for the foreseeable future. Assay Results from the initial RC drilling activities where mineralization was intersected is anticipated to be received during the March quarter. Board Change • Nov 03
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. 