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ASX:WTM

4 stories mentioning ASX:WTMUpdated 13d ago

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Asia

Waratah Minerals Confirms Extension of High-Grade Mineralization at New South Wales Project; Shares Down 5%

Waratah Minerals (ASX:WTM) confirmed "strong" growth from the Consols Zone, within the Spur project in New South Wales, with extension of high-grade mineralization, according to a Thursday filing with the Australian bourse.Results from the growth and extensional drilling program include 51 meters at 1.5 grams per tonne (g/t) grade of gold from 629 meters, including 35 meters at 2.1 g/t grade of gold from 629 meters and 9 meters at 6.2 g/t grade of gold from 632 meters, the filing said.Additionally, drilling at the central Spur Zone continued to define shallow high-grade mineralization, yielding 31 meters at 1.7 g/t grade of gold from 86 meters, per the filing.Shares fell nearly 5% in midday trade Thursday.

ASX:WTM
Asia

Waratah Minerals Secures AU$48 Million in Institutional Placement; Shares Fall 4%

Waratah Minerals (ASX:WTM) has secured AU$48 million through a placement to institutional, sophisticated, and professional investors, issuing around 77.4 million new fully paid ordinary shares at AU$0.62 apiece, representing over a 15% discount to its 15-day volume weighted average price, according to a Thursday Australian bourse filing.The placement is expected to settle on May 13, and the new shares are scheduled to be allotted on May 14, the filing said.The funds will be used to support extensional and resource drilling at the Spur and Consols gold zones, exploration drilling at the Gazzards, Alpine, and Ironclad zones, metallurgical test work, additional geochemical and geophysical target definition, as well as for working capital, the filing added.The company's shares fell around 4% in recent Thursday trade.

ASX:WTM
Asia

Waratah Minerals Says Drilling at New South Wales Gold Project Returns 'Significant' Mineralization Intercepts

Waratah Minerals (ASX:WTM) said an ongoing drilling program at its Spur gold project in New South Wales returned "significant" intercepts of mineralization from the Spur and Consols gold zones, according to a Friday Australian bourse filing.The program is targeting new high-grade discoveries outside areas of known mineralization, the company said. It encountered intercepts of 47.8 meters at 0.5 gram per tonnes (g/t) grade of gold from 385.2 meters, as well as 80 meters at 1.8 g/t grade of gold from surface.Waratah Minerals' shares rose past 2% in recent trading on Friday.

ASX:WTM
Asia

Waratah Minerals Identifies High-Grade Gold Mineralization in Australia Project

Waratah Minerals (ASX:WTM) intersected high-grade gold mineralization during a recent drilling at its Spur gold project in New South Wales, Australia, according to a Wednesday Australian bourse filing.The results were up to 54 meters at 1.88 grams per tonne grade of gold from 446 meters, including 20 meters at 4.42 g/t gold from 476 meters.The company said two drill holes returned expanding high-grade mineralization 75 meters along strike and 100 meters toward surface.Drilling continues with 10 drill rigs onsite, the company said.The company's shares slipped 1% in recent Wednesday trade.

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