Western Mines Group Ltd 100%-owns the Mulga Tank Nickel-Cobalt-Copper-PGE Project (~425km2) on the Minigwal Greenstone Belt in Western Australia's Eastern Goldfields, near Kalgoorlie. A maiden JORC Mineral Resource Estimate (3 April 2025) for shallow, disseminated nickel sulphide mineralisation reported a total of 1,968 million tonnes at 0.27% nickel, 131ppm cobalt and 82ppm copper (containing approximately 5.3 million tonnes of nickel), including 565 million tonnes at 0.28% nickel (approximately 1.6 million tonnes of nickel) in the Indicated category -- described by the company as potentially the largest nickel sulphide deposit in Australia and among the largest globally. Ongoing 2026 RC and diamond drilling continues to return high-grade intercepts (up to 2.26% nickel and 0.35% copper), including a 116m basal-zone intersection at 0.50% nickel and a peak assay of 4.35% nickel, supporting further resource growth. A Scoping Study was initiated in late 2025 (not yet complete as of this seed) alongside a magnesite off-take MoU with Magnium Australia targeting a possible low-carbon magnesium by-product revenue stream, and a A$250,000 state government co-funded geophysics grant supporting an active seismic survey. The company completed a $2.74 million capital raise (cornerstone investor Lowell Resources Fund) after the June 2026 quarter-end.
Notable vs. Peers
- Financials score of 8.1/10 is stronger than the peer average of 3.7/10.
- Trading within 3% of its 52-week low — weak recent price momentum.
Lifecycle Milestones
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.
Your Rankings
Management Team
Highly experienced corporate advisor and economist with a background in Australian financial services and advising ASX-listed companies.
20+ years experience in mineral exploration and equity capital markets, including prior leadership roles at exploration companies.
Experienced public company director with significant business and investment experience across a number of industries, including mining.
Extensive experience in mineral exploration and scientific research, with three decades of involvement in gold and nickel discovery work.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
No smart-money tracking (institutional/large-investor activity) for this miner yet — this is a planned feature, not live data.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
stage=RESOURCE_DEFINITION, checked rather than defaulted: a real, large maiden JORC Mineral Resource exists (Apr 2025, 1,968Mt @ 0.27% Ni), but the Scoping Study that would justify PEA was only STARTED in late 2025 and remained incomplete as of this seed (2026-08-25) -- see spglobal.com coverage. ouncesFound deliberately NOT written: NICKEL has no calibrated deposit-size curve in src/lib/scoring.ts DEPOSIT_SIZE_CURVES (oz and uranium-lb only) -- writing the contained-nickel tonnage into this oz-calibrated field would misrepresent deposit size. The real resource figures are carried in the description instead, and RESEARCHED_UNKNOWN below records that this was checked and found, not simply never looked at. cashPositionUsd sourced from a single 'trailing basis' figure (A$3.14M, 22 Jul 2026 coverage, itself derived from a company statement) rather than a directly-quoted Appendix 4C balance -- written but NOT markVerified given that ambiguity.