WIN Secures Key Processing Infrastructure for Radio Gold
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| Stock | Widgie Nickel Ltd (WIN.ASX) |
|---|---|
| Release Time | 18 Jun 2026, 9:04 a.m. |
| Price Sensitive | Yes |
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Widgie Nickel Ltd Secures Key Processing Infrastructure for Radio Gold
Key Points
- WIN Metals Ltd secures a six-month option to acquire a modular gravity processing plant from Tungsten Mining NL
- The plant supports the proposed 120,000tpa Radio Gold operation
- Option payment of $50,000 secures rights to acquire the plant within 6 months
- Mining Engineering Services Australia Pty Ltd engaged to advance engineering and cost estimation
- Permitting activities for the processing facility have commenced
Full Summary
Widgie Nickel Ltd (ASX:WIN) has secured a six-month option to acquire a modular gravity processing plant from Tungsten Mining NL (ASX:TGN) to support its proposed Radio Gold operation. The plant, comprising key grinding and gravity recovery infrastructure, is well-suited for the project's 120,000tpa gold processing facility. The option payment of $50,000 secures the rights to acquire the plant within six months, with subsequent payment of $250,000 in cash and $250,000 in shares. Mining Engineering Services Australia Pty Ltd (MESA) has been engaged to advance engineering, cost estimation, and development planning. Permitting activities have commenced to recommission the existing tailings dam and process plant site.
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