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Team Veye   January 09, 2026

WA1 Resources Delivers Further Exceptional Intersections

Team Veye   January 09, 2026
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WA1 Resources stock surged 3.41% on Friday as the company announced exceptional high-grade niobium drill results at its Luni Project in Western Australia

WA1 Resources Limited (ASX: WA1)

on 9 January 2026 announced impressive high-grade niobium drill results at its Luni Project as infill and step-out drilling extended mineralisation beyond the current resource envelope.

The company has a market capitalisation of $1.44 billion and its share price has surged 13% in the past one month which reflects improved investor confidence.

Luni Niobium Project is regarded as one of the most significant niobium discoveries in more than 70 years.
Niobium is a specialty metal with key traits such as heat and corrosion resistance along with strength and weight advantages which makes it valuable across multiple industries.

Its primary use is in steel production where small additions increase strength and reduce weight while its importance continues to grow in aerospace and defence sectors.

A key recent milestone was the successful completion of proof-of-concept refining testwork which produced high-purity niobium oxide with strong recovery from unrefined concentrate.

The company also has the ability to produce ferroniobium using a conventional flowsheet which confirms the technical viability of multiple end products from the Luni mineralisation.

WA1 completed a $100 million equity placement during the September quarter at $17 per share which strengthened the balance sheet and funded pre-development activities.

The company finished the quarter with a strong cash balance of $155 million and pre-development work has commenced on site along with construction of an airstrip which is expected to improve logistics and operational efficiency.

WA1 is focused on metallurgical optimisation along with environmental and engineering studies and will deliver a further Mineral Resource update in 2026.

(Source: Company Announcements)

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