WA1 Resources (ASX:WA1) continued to advance its Luni project in Western Australia through integrated study work streams during the quarter ended Sept. 30, according to a Wednesday filing with the Australian bourse.
Twi drill rigs completed roughly 93,000 meters of drilling to date, with the current mineral resource estimate of 220 million tonnes at 1% niobium pentoxide supporting ongoing integrated study work streams associated with the pre-feasibility study, the filing said.
Completion of the pre-feasibility study is slated for the fourth quarter of the year, per the filing.
Shares rose past 6% in afternoon trade Wednesday.
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