April 12 (Reuters) - Western Areas Ltd WSA.AX
* Mill recovery enhancement project has been updated and approved by board to commence construction in september quarter 2017
* Fy17 guidance for capital expenditure will increase by a$3m to a$25$27m as a result of orders being placed and early works on project
* Expected cost to complete project a$17.5mln
* Company plans to fund mrep from existing cash reserves
* "Seeing significant growth in nickel demand in electric vehicle (ev) battery market"
* Due to high demand for nickel products, co believes can improve commercial terms for new 4550% high grade product generated by project Source text for Eikon: ID:nASX5yh4dC Further company coverage: WSA.AX
(bangalore.newsroom@thomsonreuters.com)