1.1Moz Maiden Fletcher Ore Reserve
| Stock | Westgold Resources Ltd (WGX.ASX) |
|---|---|
| Release Time | 18 Aug 2026, 8:05 a.m. |
| Price Sensitive | Yes |
Westgold Announces Maiden Fletcher Ore Reserve
- Maiden Fletcher Ore Reserve of 13.5Mt at 2.6g/t Au for 1.1Moz
- 30% increase in Fletcher Total Resource with a 426% increase in Indicated Resource
- Upcoming catalysts include 4Mtpa processing expansion study and underground mass-haulage study
Westgold Resources Ltd has announced a significant increase in the Fletcher ore reserve, with a maiden ore reserve of 13.5 million tonnes at 2.6 grams per tonne gold for 1.1 million ounces. The total resource has increased by 30% to 40.1 million tonnes at 2.3 grams per tonne gold for 3.0 million ounces, including a 426% increase in the Indicated Mineral Resource to 1.55 million ounces. Approximately 74% of the Indicated Mineral Resource has converted into the maiden Ore Reserve. The company is advancing a 4Mtpa processing expansion study and an underground mass-haulage study for Fletcher, with continued drilling planned for the northern extension and the Mason target to the south.
Total Beta Hunt Ore Reserve now stands at 21.7Mt at 2.34g/t Au for 1.6Moz
Westgold is advancing a 4Mtpa processing expansion study and an underground mass-haulage study for Fletcher. Continued drilling is planned for the northern extension and the Mason target to the south.