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ASX:WA1

5 stories mentioning ASX:WA1Updated 6d ago

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Asia

WA1 Resources Continues to Advance Western Australia Project in June Quarter; Shares Down 4%

WA1 Resources (ASX:WA1) continued to advance the Luni project in Western Australia through structured de-risking programs, with an updated mineral resource estimate completed during the quarter ended June 30, according to a Thursday filing with the Australian bourse.The revised estimate expanded the indicated component of the Luni deposit to 93 million tonnes at 1.32% niobium pentoxide, the filing said.Luni's indicated component was 73 million tonnes at 1.38% niobium pentoxide as of June 30, 2025, an earlier filing showed.The update is being used to advance integrated workstreams, with the pre-feasibility study expected to be completed in the fourth quarter, per the filing.Shares fell 4% in morning trade Thursday.

ASX:WA1
Asia

WA1 Resources Says Western Australia Niobium Project Drilling Hits High-Grade Niobium Intersections

WA1 Resources (ASX:WA1) said infill drilling in the eastern zone of the Luni niobium project in Western Australia encountered high-grade niobium intersections, according to a Wednesday Australian bourse filing.It hit intercepts of 21.4 meters at 7.4% grade of niobium pentoxide from 91.3 meters, as well as 10.2 meters at 6.1% grade of niobium pentoxide from 40.3 meters.Ongoing drilling in the zone is set to inform a planned mineral resource update, the company said. A pre-feasibility study for the project remains on track for release in the December quarter.The company's shares were down nearly 1% in recent Wednesday trade.

ASX:WA1
Asia

WA1 Resources' Metallurgical Test Work Shows Two-Stage Process Produced High-Quality Niobium Concentrate

WA1 Resources' (ASX:WA1) metallurgical test work on niobium mineralization from its Luni project in Western Australia showed that a two-stage flotation process using raw site water produced high-quality niobium concentrate, according to a Monday filing with the Australian bourse.The bulk float open cycle tests yielded a weighted average grade of 44% niobium pentoxide at 54% overall recovery, the filing said.Beneficiation, refining, and end-product test work programs are underway, with results to be used for integrated study works treams.The completion of the pre-feasibility study for the project is expected in the fourth quarter of the year, per the filing.

ASX:WA1
Asia

WA1 Resources Expands Indicated Component of Western Australia Project Resource by 20 Million Tonnes

WA1 Resources (ASX:WA1) said its updated mineral resource estimate (MRE) for its Luni niobium project in Western Australia has expanded the indicated component by 20 million tonnes to 93 million tonnes at 1.32% niobium pentoxide, with 57% of total contained niobium now classified as indicated, according to a Wednesday Australian bourse filing.The company said the indicated component includes an enhanced high-grade subset of 35 million tonnes at 2.57% niobium pentoxide at a 1% cut-off grade, with the updated MRE feeding into ongoing development studies targeting declaration of an ore reserve.The total Luni MRE of indicated and inferred resources remains unchanged at 220 million tonnes at 1% niobium pentoxide, including an improved high-grade subset of 56 million tonnes at 2.3% niobium pentoxide, the filing added.Current drilling is targeting the definition of a measured component in the eastern zone of Luni later in the year, with further assay results expected shortly, it added.

ASX:WA1
Asia

WA1 Resources Reports AU$131 million Cash Balance at End of Q1, Shares Up 7%

WA1 Resources (ASX:WA1) reported a cash balance of about AU$131 million as at March 31, according to a Monday Australian bourse filing.The company said it has now received all data inputs for a mineral resource estimate update expected in the June quarter.The company completed essential data capture activities in 2025, which is now facilitating project development studies, permitting and approvals workstreams, the filing added.The company's shares rose 7% in recent Monday trade.

ASX:WA1

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