Widgie Nickel Limited (ASX:WIN)

Steve Norregaard
Market Cap (AUD): 76.31M
Sector: Materials
Last Trade (AUD): 0.32 +0.02 (+4.92%)
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1. About

Widgie Nickel Limited (ASX:WIN), spun out of Neometals Limited (ASX:NMT), intends to build on the work completed at the Mt Edwards Project which has provided a sound basis to evaluate the development of a number of short lead-time nickel sulphide deposits.

The Mt Edwards Project was originally acquired by Neometals as a nickel and lithium project, but the subsequent magnitude of the nickel discoveries swiftly realigned the core focus of Mt Edwards to the metal.

Mt Edwards is a unique consolidation of a vast 240km2 package of highly prospective nickel and new economy metal prospects, with 162,560t of contained Nickel across eleven separate nickel sulphide mineral resources already having been identified.

Mt Edwards is located just 75km south of the major regional centre of Kalgoorlie in Western Australia, 40km south west of Kambalda, and along strike from the Mincor Resources (ASX:MCR) new Cassini mine. This places Mt Edwards near significant developed infrastructure including sealed roads, mains power, gas and potable water pipelines.

The optimal project location of Mt Edwards provides Widgie with considerable flexibility to either sell the ore directly, build a processing plant, utilise nearby concentrators, or pursue off-take opportunities aligned to the EV sector.

2. Business model

3. Strategy

4. Markets

5. Competition

6. History

7. Team

8. Financials

9. Risk