June 2025 Quarterly Exploration Results
| Stock | Westgold Resources Ltd (WGX.ASX) |
|---|---|
| Release Time | 23 Jul 2025, 8:11 a.m. |
| Price Sensitive | Yes |
Westgold Delivers Strong Q4 FY25 Exploration Results
- 82km of drilling and $9M invested in resource development and exploration in Q4, FY25
- Maiden Mineral Resource Estimate of 2.3Moz from Stage 1 of the Fletcher Zone at Beta Hunt
- Exceptional drill results from Starlight, South Junction, Great Fingall and Beta Hunt mines
Westgold Resources Limited has announced the results of its exploration and resource development activities during Q4 FY25, including 82km of drilling and $9M in investment. Key highlights include:- The delivery of a maiden Mineral Resource Estimate of 2.3Moz from Stage 1 of the Fletcher Zone at Beta Hunt, which exceeded the mid-point of the Stage 1 Exploration Target.- Impressive drilling results from the Starlight, South Junction, Great Fingall and Beta Hunt mines, demonstrating the untapped value within Westgold's existing Mineral Resource base.- At Starlight, high-grade results were returned from both the Nightfall and Starlight lodes, including 10.00m at 26.42g/t Au and 4.43m at 264.37g/t Au.- Exciting results from the emerging Polar Star lode at the Bluebird - South Junction mine, including 3.03m at 157.10g/t Au.- Drilling at the Great Fingall mine showed the potential of the Golden Crown and Great Fingall Reefs, as well as newer discoveries such as Sovereign.- At Beta Hunt, the maiden Mineral Resource Estimate for the Fletcher Zone Stage 1 exceeded expectations, delivering 2.3Moz from just 1km of the known 2km strike length.- Drilling within the Western Flanks zone at Beta Hunt reinforced the upside across this under-drilled yet extensive gold system, with results such as 8.03m at 101.72g/t Au and 6.90m at 372.32g/t Au.Westgold will build on the $43M invested in exploration and resource development in FY25, with drill teams continuing to extend mine lives, test emerging exploration targets, and unlock the inherent value across its portfolio in FY26.
Westgold invested $9M in exploration and resource definition in Q4 FY25, bringing the total for the full FY25 to $43M. The company had 16 underground and 2 surface drill rigs operating at the end of the quarter.
Westgold will continue to focus on extending mine lives, testing emerging exploration targets, and unlocking the inherent value across its portfolio in FY26, building on the $43M invested in exploration and resource development in FY25.