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Western Areas Provides New Morning Update

01 Feb 2013  |  12:11:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: GEOPHYSICS CONFIRMS SIGNIFICANT CONDUCTOR AT NEW MORNING

Western Areas provided an update from ongoing exploration activities at the new high grade discovery at New Morning, within the company's flagship Forrestania Nickel Operation. Assays have confirmed and extended the high grade discovery increasing the initial Niton estimate of 2.7m @ 5.5% Ni to 3.0m @ 6.3% Ni, including 2.4m @ 7.6% Ni. A down hole electro-magnetics survey (DHEM) has confirmed the company's initial expectation that the high grade discovery hole has only intersected the edge of the mineralised zone with initial modelling indicating a plate approximately 150m by 250m wide. Initial steps to expand the discovery will see an immediate second drill hole commenced from the parent hole, targeted towards the centre of the modelled DHEM plate, followed by further DHEM tests to further refine targeting.

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