Western Gold Resources Board Approves Western Australia Project Decision to Mine, Shares Reach Four-Year Peak

MT Newswires Live
2025/12/24

Western Gold Resources (ASX:WGR) said its board approved a decision to mine for the Gold Duke project in Western Australia, according to a Wednesday Australian bourse filing.

The updated mineral resource models for the project are expected to be finalized and released before the end of the year. The firm's existing binding toll milling agreement with Wiluna Mining allows access to Wiluna's processing plant located around 46 kilometers from the site.

The firm selected SSH Group as the preferred mining contractor, and it is seeking to complete the negotiations for a master services agreement with SSH. First gold production is expected late in the first quarter of 2026.

Its shares jumped over 2% in recent trading on Wednesday, reaching a four-year high.

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