Western Areas Announces June 2010 Quarterly Activities Report

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Wed, Jul 21, 2010
Rare Earth Company News
Post by Anne B, Rare Earth Researcher

Western Areas NL (TSE:WSA)(ASX:WSA) reported that combined mine production from the Flying Fox and Spotted Quoll mines doubled from 3,210 tonnes (7.1M lbs) nickel in the March Q 2010 to 6,810 tonnes (15M lbs) nickel in the June Q 2010.

The news is quoted saying:

Western Areas had A$65.3M cash and A$15.5M receivables at the end of the June Q. In addition, the in situ metal value of ore and concentrate in stockpiles at current prices was ~A$112M at the end of the June Q. These stockpiles are subject to plant recoveries, processing, smelting and refining costs and carry a cost based value of A$22.5M.

Click here to access the entire press release

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