Weda Bay Minerals Reports on Preparations for Definitive Feasibility Study at the Halmahera Nickel/Cobalt Project

From: CCNMatthews Newswire | Date: October 19, 2005 | Copyright information

TORONTO, ONTARIO--(CCNMatthews - Oct. 19, 2005) -

Drilling expected to expand the Halmahera resource to plus 500 million tonnes

The Board of Directors of Weda Bay Minerals Inc. (TSX:WDA) has reconfirmed its intention to move the Halmahera Project rapidly towards a Decision to Build. In light of this, the Company has decided to fast-track preparations for the commencement of a Definitive Feasibility Study on the Halmahera Nickel/Cobalt Project. This decision follows the successful completion of a $12 million private placement on September 12, 2005, and the termination of the OM Group Product ...

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