WIN Metals makes ‘transformational’ near-term gold acquisition

Explorer WIN Metals (ASX:WIN) has acquired the Radio Gold Mine, which includes a juicy-looking portfolio of tenements, an extensive range of mining and processing assets, accommodation facilities, vehicles, and other equipment.

Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.

This content is disseminated in partnership with WIN Metals. It is intended to inform investors and should not be taken as a recommendation or financial advice.

It’s a huge windfall for WIN, especially considering the Yilgarn mine is already ready to commence operations and boasts a very strong Mineral Resource: 210,000 grams per tonne gold at 4.23 g/t Au, for 28.6K oz gold.

And, at one time, the mine was once the highest-grade producer in Australia at one point in time, WIN’s CEO Steve Norregard told HotCopper in a Watchlist interview.

More market news

Propped up: Oz likely to get commodity supports, but don’t expect Trumpian flair

Before the call: RBA’s inflation trick: Is the number lying to us?

“The resource, as it sits right now, has just under 30,000 ounces,” he explained. “What is really attractive for the company is that it’s a really low-cost entry – and we can see that the opportunity for the resource to grow in the short term is very, very self-evident, with the capacity to bring it into production.”

All in all, it’s a “transformational” move for the explorer as it expands its reach.

Oz traders have seen the same; WIN jumped +13.64% today.

Join the discussion. See what HotCopper users are saying about WIN Metals Ltd and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.