WA1 Resources Continues to Advance Western Australia Project in June Quarter; Shares Down 4%
MT Newswires Live
Jul 30
WA1 Resources (ASX:WA1) continued to advance the Luni project in Western Australia through structured de-risking programs, with an updated mineral resource estimate completed during the quarter ended June 30, according to a Thursday filing with the Australian bourse.
The revised estimate expanded the indicated component of the Luni deposit to 93 million tonnes at 1.32% niobium pentoxide, the filing said.
Luni's indicated component was 73 million tonnes at 1.38% niobium pentoxide as of June 30, 2025, an earlier filing showed.
The update is being used to advance integrated workstreams, with the pre-feasibility study expected to be completed in the fourth quarter, per the filing.
Shares fell 4% in morning trade Thursday.
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