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Western Areas Limited

( ASX:WSA ) - Materials

News

Policy Outcomes A Wild Card For Western Areas

Brokers acknowledge Western Areas (WSA) has worked hard to maintain its profitability after a long period of sluggish nickel prices and, with the recent rally in prices on the back of the Philippines policy announcements, wonder just what lies in store for the producer. The company advised back in August that mine grades for both Flying Fox and Spotted Quoll (Forrestania) would trend lower to reserve higher grade material pending price improvement and this was evident in the September quarter production numbers.

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