Westgold Resources Limited Reports 24% Increase in Mineral Resources and 5% Growth in Ore Reserves for FY25, Plans $50M Investment in Exploration for FY26
Reuters
Sep 03
<a href="https://laohu8.com/S/WGXRF">Westgold Resources Limited</a> Reports 24% Increase in Mineral Resources and 5% Growth in Ore Reserves for FY25, Plans $50M Investment in Exploration for FY26
Westgold Resources Limited reported significant growth in its Group Mineral Resources and Ore Reserves following a $43 million investment in resource development and exploration during FY25. The company's efforts were particularly successful with the maiden Fletcher Mineral Resource, contributing to a notable uplift in their Group Ore Reserves. This achievement was made while concurrently investing in critical mine infrastructure across the Murchison and Southern Goldfields mines, establishing a sustainable platform for long-term cash flow generation over a 10-year Group Ore Reserve life. Westgold plans to continue its drilling and investment in organic growth through exploration, resource definition, and Mineral Resource conversion, aiming to create additional value from two of Western Australia's most productive goldfields. The company has prepared several NI 43-101 compliant technical reports supporting these updates, available on SEDAR+.
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