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ASX: WIN - Widgie Nickel

Updated: Sep 22, 2023

Widgie Nickel: A needle in a haystack – a nickel SULPHIDE hit with width and grade

Widgie Nickel Managing Director Steve Norregaard on 3AW, 2GB, 4BC & 6PR Bulls N' Bears Report

Listen to ASX-listed Widgie Nickel Managing Director Steve Norregaard talk to Matt Birney on the Bulls N’ Bears Report about Widgie Nickel’s latest nickel sulphide drill hit that is pushing a huge 20 per cent nickel.


In a market that is increasingly finding it almost impossible to find lucrative nickel sulphide discoveries many are turning to the harder and more expensive to process nickel laterites to feed the insatiable battery metals market. Not so however with Widgie Nickel who has just nailed a serious nickel sulphide discovery near Widgiemooltha in WA at its Mt Edwards project.


Matt Birney - Welcome to Bulls N' Bears brought to you today by nickel and lithium explorer, Widgie Nickel

Matt Birney - ASX code: WIN

Matt Birney - I'm Matt Birney and I'm joined now by the Managing Director of Widgie Nickel, Steve Norregaard.

Matt Birney - Hi Steve

Steve Norregaard - Hi Matt

Matt Birney -

Okay well in a market that is finding it almost impossible to discover quality nickel sulphide discoveries, many are even turning to the harder and more expensive to process nickel laterites to feed the insatiable battery metals market. Not so however for Widgie Nickel that has just nailed more serious nickel sulphide drill hits near Widgiemooltha at its Mt Edwards project.

Steve Norregaard - The new drill hits caused punters to pile into Widgie on the ASX with the company’s share price spiking 30 per cent at one stage.

Matt Birney - Okay Steve this is your 132N prospect, what were the best nickel sulfide drill hits there?

Steve Norregaard - 9.14 meters at 10.44 per cent nickel, 0.75 per cent copper, 0.13 per cent cobalt and 1.93 grams per tonne PGE from 330 meters. Within that there was 2.61 meters at 18.8 per cent nickel, 0.48 per cent copper, 0.23 per cent cobalt and 0.65 grams per tonne PGEs.

Matt Birney - What was the highest grade reported in this latest round?

Steve Norregaard - 19.4 per cent nickel followed by 17.76 and 19.66 nickel

Matt Birney - Okay what's the existing resource at that 132N deposit now and how do you expect these drill holes to impact it if at all?

Steve Norregaard - The 132 North deposit as it sits right of the moment, its got 460,000 tonnes at two per cent nickel. Matt obviously with the tenor of this mineralisation this hole, it was an infill hole, we would anticipate that to have a positive effect on the overall resource grade.

Matt Birney - You recently tabled some really good numbers at your Widgie E3 prospect not far from 132N, what were the best drill holes there recently?

Steve Norregaard - Three holes of note: 15.5 meters at 3.17 per cent nickel, 0.27 per cent copper, 0.04 per cent cobalt and 1.51 grams per tonne PGE.

Steve Norregaard - Another hole with 27.7 meters at 1.26 per cent nickel, 0.11 per cent copper, 0.02 per cent cobalt and half a gram per tonne PGE and last but not least 7.74 meters at 2.94 per cent nickel, 0.28 per cent copper, 0.04 per cent cobalt and 1.24 gram per tonne PGE

Matt Birney - How many different deposits in total have you got across Mt Edwards and what's the resource across all of them now?

Steve Norregaard - Our Mt Edwards project comprises 12 separate bodies of mineralisation. In aggregate, we've got, at a one per cent cut-off, 11.136 million tonnes at an aggregate grade of 1.6 per cent for 170,000 tonnes of contained nickel.

Matt Birney - Steve Norregaard from Widgie Nickel

Matt Birney - Thanks for joining me on Bulls N' Bears and remember we're only here to give you information, not advice, which you should of course seek independently.

Matt Birney - I'm Matt Birney and this is Bulls N' Bears

Matt Birney - For more public company interviews go to the money page on the 6PR, 2GB, 3AW and 4BC websites and click the public companies tab


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