Two stocks which did really well – Western Areas Ltd & Independence Group NL

Significant increase in Odysseus high grade nickel resources: Western Areas Ltd (ASX: WSA) has announced that the company has trebled the defined high grade Massive Sulphide Mineral Resource at its Cosmos Odysseus Project. Key highlights from the latest mineral resource update include 311% increase in the Total Massive Sulphide resource to 22,838 nickel tons grading 8.4% Ni, which now includes 8,836 nickel tons grading 6.1% Ni in the Indicated category and 78% increase in the Odysseus North disseminated indicated resource to 81,156 nickel tons grading 2.6% Ni (previously 45,519 nickel tons grading 2.8% Ni). Further, there is an overall increase in the indicated to inferred disseminated resource ratio from 77% to 94%, which includes a ratio increase of 56% to 93% in Odysseus North, and increase in Indicated resource provides greater flexibility to the proposed mine design and schedule of the Definitive Feasibility Study (DFS). Currently, the total Odysseus Mineral Resource Estimate now stands at 7.9Mt @ 2.5% Ni for 199,174 nickel tons at a cut-off of 1.5% Ni.    

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