Widgie Nickel


Primary ticker: ASX:WIN
Stage of development: Exploration, Development
Primary minerals: Nickel
Project to promote: Mt Edwards Nickel Project
Project location: Widgiemooltha Western Australia
Website: www.widgienickel.com.au

Widgie Nickel is an advanced exploration play focussed on creating value from the nickel endowment contained on its 240sq.km tenure on the Widgiemooltha Dome , located in the heart of the Eastern Goldfields of Western Australia. With a substantial endowment already defined and excellent exploration upside the company is ideally positioned to capture the upswing in positive sentiment for nickel, associated with increasing battery metal demand with a key focus being placing the company in a position to be production ready by the end of 2023

Cash: AUD$20M
Debt: NIL

Major shareholders:
Citicorp Nominees Pty Ltd – 8%
David Reed – 5.79%
HSBC Custody Nominees Pty Ltd – 3.24%
BNP Paribas Noms Pty Ltd – 2.54%
BNP Paribas Nominees Pty Ltd – 2%

Management Profile

Steve Norregaard – Managing Director
Mr Norregaard is an experienced resources industry executive, company director, and mining engineer by background with over 25 years of experience. Former roles include MD of ASX listed RED 5 Limited and Tectonic Resources Ltd, Director of Operations with Westgold Resources Ltd and Chief Operating Officer of TSX listed Trelawney Mining and Exploration. Mr Norregaard most recently led Minterra, the specialised underground mining division of ASX-listed Westgold Resources, and he is a member of the Australian Institute of Mining and Metallurgy.

What is your rationale for taking part in 121 Mining Investment?

To get exposure to institutional investors and new markets/investor types

What recent news would you like to highlight to investors attending?

With ongoing drilling, and project updates news flow for 2022 will be consistent

What are your key goals for the next 3, 6 and 12 months?

3 Months:
New resource discoveries

6 Months:
New resource discoveries and resource upgrades…quantifying byproduct credits

12 Months:
New resource discoveries, resource upgrades and maiden reserves

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Human resources, inflation.

What do you think makes your company such a compelling investment?

Peer metrics trading at a significant discount to peers, near term production, increasing size of resource base, potential for downstream processing

What are the top 3 key investor takeaways?

Near term development opportunity, long life project, key commodity.. relatively cheap in the current phase of development