Western Mines Group Ltd. has opted to divest non-core assets while expanding its footprint in Western Australia’s nickel-copper regions as part of its project portfolio review for the first quarter of 2026.
As part of the review, the company has decided to sell its Melita tenement E40/379 and surrender the Pinyalling tenement E59/2486 in Western Australia.
The sale of Melita was completed this week to an unrelated private company. The disposal of these tenements will free up the company’s near-term time and capital resources.
WMG Managing Director Caedmon Marriott noted that the disposal of the Melita asset, which had reached its eighth year with rising holding costs, was completed at a small profit. This will liberate capital and operational bandwidth, allowing the team to concentrate on its core strengths.
“These disposals free up company time and resources in the near term whilst the new projects go through the application process,” Marriott said.
“Melita was approaching the eighth year of its life, with associated annual holding costs rising significantly, and we’re pleased to have turned a small profit on its original acquisition price.”
Simultaneously, the company has lodged applications for two new tenements: E28/3570 in the Fraser Range and E09/3048 near Mt Narryer.
Covering approximately 400 square kilometres, these greenfield acquisitions are located along the margins of the Yilgarn Craton, a setting WMG identifies as prime territory for magmatic nickel-copper sulphide mineralisation.
The Fraser Range application is particularly notable, as it includes ground previously held by Legend Mining, home to the mineralised Octagonal Intrusion.
This site features a Nova-Bollinger style target model, which the company believes complements its internal technical expertise.
The Mt Narryer project, while at an earlier stage, shows historical geochemical anomalies that suggest similar potential for nickel, copper, cobalt, and platinum group elements.
Despite the portfolio expansion, WMG has reaffirmed that its primary focus remains the flagship Mulga Tank project.
As Australia’s largest nickel sulphide deposit, with an announced resource of over five million tonnes of contained nickel, Mulga Tank continues to be the focus of the company’s exploration strategy.
Drilling operations at Mulga Tank are currently ongoing, with the company recently confirming that fuel supply impediments have been resolved, allowing Phase 5 drilling to continue.
