Widgie Nickel (ASX:WIN) posted a significant increase in its stock, with a surge as high as 13.9% to A$0.225, a level not seen since September 13.

The company is on course to have its best day since that date, if its gains hold steady.

The miner, focused on nickel and lithium extraction, has reported positive drilling results from the Trainline Lithium Prospect, located to the north of the Faraday Lithium deposit, in Western Australia.

The company has confirmed the presence of high-grade lithium mineralisation at this site.

It is awaiting the results of re-assaying via the fusion method in the near future, and is hopeful about potential positive outcomes.

Approximately 346,942 shares have been traded compared to the 30-day average volume of 274,389.

Despite these positive developments, Widgie Nickel saw a YTD decrease of 40.2%, as of the last close.

Widgie Nickel is a mining company that specializes in the extraction of nickel and lithium in Western Australia.