1.1Moz Maiden Fletcher Ore Reserve

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Stock Westgold Resources Ltd (WGX.ASX)
Release Time 18 Aug 2026, 8:05 a.m.
Price Sensitive Yes
 Westgold Announces Maiden Fletcher Ore Reserve
Key Points
  • 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
Full Summary

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.

Guidance

Total Beta Hunt Ore Reserve now stands at 21.7Mt at 2.34g/t Au for 1.6Moz

Outlook

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.