WSA announces: Western Areas admitted to S&P/ASX 200 Index


    ASX & TSX: WSA

    WEST PERTH, Western Australia, June 28 /CNW/ - Nickel miner, Western
Areas NL ("Western Areas") (ASX and TSX: WSA) has been admitted to the S&P/ASX
200 Index, effective from the close of trade July 2, 2007.
    Since listing on the ASX in 2000, Western Areas has increased its market
capitalisation to approximately A$800 million on the back of exploration
success and mine development within the highly prospective Forrestania nickel
    Western Areas' Managing Director, Mr Julian Hanna, said the inclusion of
Western Areas in the S&P/ASX 200 Index is an important milestone for the
    "We are delighted to be included in the index and see it as recognition
of Western Areas' high quality nickel assets and potential for further
growth," said Mr Hanna. "It also reflects the Company's success in developing
the Flying Fox mine, which is now recognised as one of the highest grade
nickel projects in the world."
    "The range of exploration and development projects and the forecast
demand for nickel point to Western Areas' potential as a long life mid-tier,
low cost nickel producer," he said.
    The S&P/ASX 200 is comprised of the S&P/ASX 100 plus an additional 100
stocks. In order to be eligible for inclusion in any of the S&P/ASX indices
stocks must meet certain criteria regarding listing, size and liquidity.

    About Western Areas

    Western Areas is an Australian based high grade nickel sulphide explorer
and producer. The company has a current market capitalisation of approximately
A$800M and is one of only two nickel companies listed on both the Australian
and Toronto Stock Exchanges. (ASX & TSX code: WSA)
    The company's core asset is the 100% owned 90km long Forrestania Nickel
Project, located 400km east of Perth, Western Australia. The primary
discovery, Flying Fox, is one of the highest grade nickel mines in the world.
The current total mineral resource comprises approximately 1.4M tonnes at an
average grade of 6.5% nickel containing 90,500 tonnes of nickel. Underground
production from the Flying Fox mine commenced in October 2006 with forecast
product targeted at 13,000 tonnes of nickel in concentrate per annum by 2010.
    A pre-feasibility study is well advanced to bring a second mine into
production at Diggers South, 40km south of Flying Fox. If positive, Diggers
South has the potential to add in excess of 5,000 tonnes of nickel in
concentrate per annum to overlap Flying Fox production to increase total
targeted production to 18,000 tonnes of nickel in concentrate per annum by
2010. Previously announced mineral resources at Diggers South contain
approximately 80,300 tonnes nickel and drilling to extend the current mineral
resource is ongoing.
    Exploration continues to remain a priority for Western Areas. Total
mineral resources at the Forrestania Nickel Project recently revised to
contain approximately 208,600 tonnes nickel (refer to recent announcements).
    In addition to the focus on expanding Flying Fox and Diggers South
mineral resources, there are number of high priority targets to be tested
along strike from Flying Fox - notably below the current limit of drilling at
the New Morning/Daybreak deposits, 3km south of Flying Fox. Additional
potential also exists along the eastern nickel belt at Forrestania and at
WSA's other exploration projects in the Forrestania region. Western Areas also
recently completed an initial drilling program at the Lynn Lake nickel project
in Manitoba, Canada with four of five drill holes intersecting significant
disseminated sulphides.

    FORWARD LOOKING STATEMENT: This release may contain certain
forward-looking statements which are subject to a variety of risks and
uncertainties beyond the Company's ability to control or predict and which
could cause actual events or results to differ materially from those
anticipated in such forward-looking statements. An example of a
forward-looking statement in this release is "potential as a long life
mid-tier, low cost nickel producer". The Company does not undertake to release
any revisions to forward looking statements included in this release to
reflect events or results after the date of this release except as may be
required under securities laws.

    DISCLAIMER: This release does not include reference to all available
information on the Company or the Forrestania Nickel Project and should not be
used in isolation as a basis to invest in Western Areas. Potential investors
should refer to Western Area's other public releases and statutory reports and
consult their professional advisers before considering investing in the
Company. Potential investors should also refer to Western Area's public
releases on the results of the Flying Fox Stage Two feasibility study dated
15 March 2006 and 20 April 2006 as well as subsequent releases.
    The information within this report was compiled by Mr Julian Hanna from
Western Areas. Mr Hanna is a member of the Australian Institute of Mining and
Metallurgy and has sufficient experience relevant to type of nickel deposits
under consideration to qualify as a Competent Person. Mr Hanna consents to the
inclusion of this information in the form and context in which it appears in
this report.

For further information:

For further information: visit or contact:
Julian Hanna, Managing Director, Western Areas, Telephone: +61 8 9486 7855,
Email:; Craig Oliver, Finance Director, Western
Areas, Telephone: +61 8 9486 7855, Email:; Ann
Nahajski, Investor Relations, Porter Novelli, Telephone: +61 8 9386 1233,
Email:; Eric Tang, Investor Relations,
Porter Novelli, Telephone (416) 423-6605, Email:

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