ASX penny stocks – resources – Western Australia – Yandal-Leinster region
NOTE: The Yandal-Leinster hosts many large gold and nickel mines such as NST’s Jundee, Bronzewing, and Thunderbox gold mines (500k oz annual production from 3.9m oz ore reserve), Goldfields’s Agnew gold mine, RED‘s KOTH gold mine, RMS‘s Vivien gold mine, BHP’s Nickel West mine, WSA (IGO)’s Cosmos nickel mine.
ASX penny stock BGL expects the commercial production from its high-grade Bellevue Gold Mine (6.8Mt@6.1 g/t for 1.34Mt oz gold) in the second half of 2023. STK re-focuses on its Millrose Gold Deposit while NST made several new discoveries (i.e. Corboys, Bannockburn and Wonder).
BHP’s Nickel West Mine produce 85kt nickel per annual while IGO’s Cosmos Mine expects its first production in mid 2023.