On completion of the Arrangement, Westgold became a reporting issuer in Canada in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland and Labrador. Accordingly, Westgold intends to file the following technical reports, each prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (NI 43-101), on SEDAR+ under its new issuer profile, accessible at www.sedarplus.ca:

   -- the technical report entitled "NI 43-101 Technical Report, Fortnum Gold 
      Operations, Bryah Goldfield, Western Australia" dated as of 31 May 2024 
      (with an effective date of 30 June 2023) prepared, reviewed and approved 
      by Jake Russell and Leigh Devlin, each of whom is a "qualified person" 
      for purposes of NI 43-101, for Westgold; 
 
   -- the technical report entitled "NI 43-101 Technical Report, Meekatharra 
      Gold Operations, Murchison Goldfields, Western Australia" dated as of 
      31May 2024 (with an effective date of 30 June 2023) prepared, reviewed 
      and approved by Jake Russell and Leigh Devlin, each of whom is a 
      "qualified person" for purposes of NI 43-101, for Westgold; 
 
   -- the technical report entitled "NI 43-101 Technical Report, Cue Gold 
      Operations, Murchison Goldfields, Western Australia" dated as of 31 May 
      2024 (with an effective date of 30 June 2023) prepared, reviewed and 
      approved by Jake Russell and Leigh Devlin, each of whom is a "qualified 
      person" for purposes of NI 43-101, for Westgold; 
 
   -- the technical report entitled "NI 43-101 Technical Report, Lakewood 
      Operation, Eastern Goldfields, Western Australia" dated as of 4 January 
      2024 (with an effective date of 30 September 2023) prepared, reviewed and 
      approved by Stephen Devlin, Peter Ganza and Ian Glacken, each of whom is 
      a "qualified person" for purposes of NI 43-101, for Karora; and 
 
   -- the technical report entitled "NI 43-101 Technical Report, Beta Hunt 
      Operation, Eastern Goldfields, Western Australia" dated as of 2 January 
      2024 (with an effective date of 30 September 2023) prepared, reviewed and 
      approved by Stephen Devlin, Peter Ganza and Graham de la Mare, each of 
      whom is a "qualified person" for purposes of NI 43-101, for Karora. 

Advisors

In connection with the Arrangement, Westgold engaged Argonaut PCF as financial advisor, Thomson Geer as Australian legal advisor and Stikeman Elliott LLP as Canadian legal advisor.

Karora engaged Cormark Securities Inc., CIBC World Markets Inc., Desjardins Capital Markets and Haywood Securities Inc. as advisors, HopgoodGanim as Australian legal advisor and Bennett Jones LLP as Canadian legal advisor to the Transaction.

Forward looking statements

This document contains "forward-looking information" and "forward-looking statements" which are based on the assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of Westgold believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect or the actual results of which may vary or differ materially. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as 'expects', 'anticipates', 'plans', 'believes', 'estimates', 'seeks', 'intends', 'targets', 'projects', 'forecasts', or negative versions thereof and other similar expressions, or future or conditional verbs such as 'may', 'will', 'should', 'would' and 'could'. Forward-looking information contained herein includes, but is not limited to: the strengths, characteristics and potential of Westgold following completion of the Arrangement, including the achievement of any contemplated corporate cost savings and operating synergies; discussion of future plans, projects, objectives, estimates and forecasts and the timing related thereto; the timing of the listing of the Westgold Shares on the TSX and the delisting of the Karora Shares from the TSX; the timing and acceptance of the listing of the Culico common shares on the TSXV; the timing and acceptance of an application for Karora ceasing to be a reporting issuer in Canada; and the size and composition of the Westgold Board and the engagement of Mr. Huet as a special advisor thereto. Readers are cautioned that the foregoing list and other information contained herein is not exhaustive of all factors and assumptions which may have been used by Westgold. Although management believes that the assumptions made by Westgold and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Forward-looking information involves known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of Westgold or the combined entity to be materially different from any anticipated future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, the actual market price of gold, the actual results of current exploration, the actual results of future exploration, changes in project parameters as plans continue to be evaluated, changes in laws, regulations and practices, the geopolitical, economic, permitting, final approval of the TSX and legal climate that Westgold operates in. Westgold believes that the assumptions and expectations reflected in the forward-looking information are reasonable. Readers should not place undue reliance on forward-looking information. Westgold does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

This document includes information that has been prepared by third parties, and views based on information that has been prepared by third parties. No representation or warranty is made as to the accuracy, completeness or reliability of the information. This document should not be relied upon as a recommendation or forecast by Westgold.

(1) Based on AUD:CAD of 0.9030 as at close 31 July 2024. Data sourced from IRESS.

(2) Based on AUD:CAD of 0.9030 as at close 31 July 2024. Data sourced from IRESS.

(3) Based on AUD:CAD of 0.9030 as at close 31 July 2024. Data sourced from IRESS.

SOURCE Westgold Resources Limited

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/CONTACT:

Investor and media relations enquiries: Investor Relations, Kasun Liyanaarachchi | Investor Relations Manager, investor.relations@westgold.com.au, +61 458 564 483; Media: Peter Knight | Communications Manager, peter.knight@westgold.com.au, +61 459 980 481

Copyright CNW Group 2024 
 

(END) Dow Jones Newswires

August 01, 2024 08:30 ET (12:30 GMT)