Western Areas (TSX:WSA)(ASX:WSA) announced 2009 Quarterly Activities Report. The company had A$90.7M cash at the end of the quarter. In addition, receivables were A$18.1M and ore and concentrate stockpiles at cost were valued at A$10.3M.

The press release is quoted as saying:

Major mine development was completed at Flying Fox to enable Western Areas to meet the rapid production ramp up scheduled over the next six months. With the focus on development during December Q, ore tonnes and grade were marginally lower than the September Q which is reflected in increased cash costs. However numerous high grade ore sources are now accessible at the T1, T4 and T5 deposits which is expected to result in cash costs returning to the target US$2.00 to $2.50/lb nickel by mid 2010.

Click here to access the entire press release

Click here to access Western Areas Corporate Site

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