8/4/21 MARCH QUARTER PRELIMINARY PRODUCTION RESULTS

Western Areas Ltd (ASX: WSA, “Western Areas” or the “Company”) is providing a preliminary March quarter production update for the Forrestania Operations, and is pleased to report an improvement in both mine and milled physicals, resulting in strong nickel in concentrate production for the quarter.

HIGHLIGHTS:

•  Total nickel mined 4,236 Ni tonnes, up 20% quarter on quarter
•  Mined ore grade of 3.6% Ni, up 27% quarter on quarter
•  Nickel produced in concentrate of 4,267 Ni tonnes, up 21% quarter on quarter as a result of higher mined grades and mill recoveries

Although these are good results and WSA is up almost 7% tday at $2.275, on 31/3/31 they extended their SPP ( Share Purchase Plan) til 20/4/21. They are hoping to raise $15M at $2.15 per share~ eligible shareholders can buy up to $30k of shares....so IMO the share price may stay around these two amounts until after the close of the SPP