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Western Areas Announces June 2010 Quarterly Activities Report

July 21, 2010 @ 1:21 pm In Rare Earth Company News

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 [1]


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[1] Click here to access the entire press release: http://www.marketwire.com/press-release/Western-Areas-Announces-June-2010-Quarterly-Activities-Report-TSX-WSA-1290500.htm

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