2025 Mineral Resource Estimate and Ore Reserves

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Stock Westgold Resources Ltd (WGX.ASX)
Release Time 3 Sep 2025, 8:20 a.m.
Price Sensitive Yes
 2025 Mineral Resource Estimate and Ore Reserves
Key Points
  • 24% increase in Mineral Resource to 16.3 Moz of gold
  • 5% increase in Ore Reserves to 3.5 Moz of gold
  • Maiden 2.3 Moz Mineral Resource at Fletcher Zone (Beta Hunt)
Full Summary

Westgold Resources Limited has released its updated Mineral Resource Estimate and Ore Reserve Statement as of 30 June 2025. The company's total gold Mineral Resource Estimate has grown by 24% to 231 Mt at 2.18 g/t Au for 16.3 Moz of gold, while the total Ore Reserves have increased by 5% to 56 Mt at 1.93 g/t Au for 3.5 Moz of gold. The Mineral Resource growth was driven by a focused campaign of exploration and resource definition drilling, with a 990 koz (24%) increase in the Murchison operations and a 2 Moz (72%) increase in the Southern Goldfields operations. Key highlights include the declaration of a maiden 2.3 Moz Mineral Resource at the Fletcher Zone in the Beta Hunt mine, as well as material increases in the Bluebird - South Junction (up 35% to 1.3 Moz) and Starlight (up 46% to 866 koz) deposits in the Murchison.The Ore Reserves also saw significant growth, with a 90% increase at Bluebird - South Junction to 528 koz and a 94% increase at Starlight to 250 koz. With a total milling capacity of 5.7 Mtpa, Westgold's updated Ore Reserves provide an estimated mine life of approximately 10 years.Westgold will continue to invest in organic growth through exploration, resource definition, and Mineral Resource conversion across its portfolio, having committed $50 million for these activities in the 2026 financial year.

Guidance

Westgold has an estimated Reserve life of approximately 10 years with a total milling capacity of 5.7 Mtpa.

Outlook

Westgold will continue to drill and invest in organic growth through exploration, resource definition and Mineral Resource conversion across its portfolio, having committed $50 million for these activities in the 2026 financial year.