PERTH, Australia, Dec. 19, 2024 /CNW/ - Westgold Resources Limited (ASX: WGX) (TSX: WGX) (OTCQX: WGXRF) – (Westgold or the Company) advises that it has updated two National Instrument 43-101 – Standards of Disclosure of Mineral Projects (NI 43-101) compliant technical reports (Technical Reports) titled as follows:

NI 43-101 Technical Report, Fortnum Gold Operations, Bryah Goldfields, Western Australia; andNI 43-101 Technical Report, Meekatharra Gold Operations, Murchison Goldfields, Western Australia.

PERTH, Australia, Dec. 17, 2024 /CNW/ - Westgold Resources Limited (ASX: WGX) (TSX: WGX) (OTCQX: WGXRF) – (Westgold or the Company) is undertaking a portfolio asset review and is pleased to provide the summary of a Scoping Study evaluating the potential expansion of the Fortnum Gold Operation, 140km north of Meekatharra in the Murchison Region of Western Australia.

Scoping Study Summary

Scoping Study on the Fortnum Expansion Project (FXP) has identified a potential 10-year, fully integrated mine plan

Including the Starlight, Nathan's and Yarlarweelor open pits and an expansion of the existing Starlight underground operation

Scoping Study underpinned by expanded Starlight Mineral Resource Estimate

 Now 12.9Mt at 2.7g/t Au for 1.13Moz of gold - 91% increase in the previously reported Starlight Mineral Resource Estimate (refer ASX – 16 September 2024 Mineral Resource Estimate and Ore Reserves).

Scoping Study evaluates potential mill expansion – from current 0.9Mtpa to 1.5Mtpa, significantly reducing mill operating cost/tonne.

Key Scoping Study outputs include:

Life of Mine (LOM) gold production of 713koz – 871koz – at an All in Sustaining Cost range of $1,404 – $2,916/oz.Reduction in mid-point AISC to $1,558/oz once steady state is achievedMid-point net present value (NPV8) of $306M at $3,500/ozlifting to NPV8 of $498M at current spot pricing of $4,000/oz.Mid-point free cash flow of $777M at $3,500/ozlifting to $1.2B at spot price of $4,000/ozMid-point maximum cash drawdown of $53M - in year 2 of the project Mid-point total Life of Mine (10 year) Capital investment of $294M

PERTH, Western Australia, Dec. 12, 2024 /CNW/ - Westgold Resources Limited (ASX: WGX) (TSX: WGX) (OTCQX: WGXRF) (Westgold or the Company) is pleased to advise it has executed a gold ore purchase agreement (OPA or Agreement) between its subsidiary, Big Bell Gold Operations Pty Ltd, and Zeus Mining Pty Ltd, an entity owned by New Murchison Gold Limited (ASX: NMG).

The OPA remains subject to NMG shareholder approval as Westgold owns 18.7% of NMG and is therefore deemed a related party under the ASX Listing Rules. NMG will seek the requisite approval from its shareholders at a general meeting which will be called in January/February 2025.

107% increase in South Junction Ore Reserve to 7.2Mt at 2.5g/t Au for 573koz.

PERTH, Australia, Dec. 4, 2024 /CNW/ - Westgold Resources Limited (ASX: WGX) (TSX: WGX) (OTCQX: WGXRF) (Westgold or the Company) is pleased to report a 107% increase in the Ore Reserve to 7.2Mtpa at 2.5g/t for 573koz at its Bluebird - South Junction mine near Meekatharra, Western Australia.

Highlights

Bluebird – South Junction Ore Reserve doubles to 7.2Mt at 2.5g/t Au for 573koz

107% increase (+296koz) from the August 2024 Ore Reserve - post mining depletion, demonstrates value enhancement from drilling. Ore Reserve underwritten by updated Mineral Resource Estimate (MRE) of 15Mt at 2.9g/t Au for 1.4Moz - featuring a Measured and Indicated component of 8.7Mt at 2.9g/t Au for 814koz Au (refer ASX release: "Bluebird - South Junction Mineral Resource Grows to 1.4Moz").

Drilling programmes to be expanded across Bluebird-South Junction mining complex

Surface and underground drill rigs focussed on infill and extension of the Bluebird – South Junction Mineral Resource. This system remains open at depth, along strike and down plunge. New drill targets within 2km of Bluebird mill now being sequenced - including Great Northern Highway (0.4km), Romsey (1.5km) and Ironbark (2.0km).

Mining studies focussed on maximising orebody extraction underway

Widths of +20m at South Junction enables Westgold to move to a highly productive, high tonnage transverse stoping method – the benefits of which will see production lift during H2 FY25.

PERTH, Western Australia, Nov. 28, 2024 /CNW/ - Westgold Resources Limited (ASX: WGX) (TSX: WGX) (OTCQX: WGXRF) – Westgold or the Company) wishes to advise pursuant to Listing Rule 3.13.2 that all resolutions presented at the Annual General Meeting of Shareholders held today were carried by a poll.  Resolution 3 'Election of Mr Leigh Junk as a Director' was withdrawn from the agenda of the Annual General Meeting.

In accordance with Listing Rule 3.13.2 and section 251AA of the Corporations Act, the Company advises details of the resolutions and the votes received in respect of each resolution are set out in the attached summary.

Perth, Western Australia, Nov. 28, 2024 /CNW/ - Westgold Resources Limited (ASX: WGX) (TSX: WGX) (OTCQX: WGXRF)  – (Westgold or the Company) advises that Mr Leigh Junk has today resigned as a Non-Executive Director of Westgold.

Mr Junk was previously Karora Resources' Managing Director in Australia, and was appointed to Westgold's Board upon the successful merger of Westgold and Karora on 1 August this year.

Westgold Chair, Hon. Cheryl Edwardes AM, thanked Mr Junk for his guidance and counsel throughout the merger process.

65% increase in Measured and Indicated Resources to 8.7Mt @ 2.9g/t Au for 814koz

PERTH, Western Australia, Nov. 18, 2024 /CNW/ - Westgold Resources Limited (ASX: WGX) (TSX: WGX) (OTCQX: WGXRF) – Westgold or the Company) is pleased to announce a Mineral Resource Estimate update for the Bluebird - South Junction mining complex within Westgold's Murchison business at Meekatharra.

Highlights

Bluebird – South Junction Mineral Resource Estimate (MRE) grows to 15Mt at 2.9g/t Au for 1.4Moz – a 37% increase.

12.9Mt @ 2.7g/t Au for 1.13Moz demonstrates potential for production growth and extended mine life

PERTH, Western Australia, Nov. 13, 2024 /CNW/ - Westgold Resources Limited (ASX: WGX) (TSX: WGX) (OTCQX: WGXRF) – Westgold or the Company) is pleased to provide this update on the re-evaluation of the company's Fortnum Project in the Murchison.

Highlights

Starlight Mineral Resource Estimate now 12.9Mt at 2.7g/t Au for 1.13Moz of gold - a 91% increase since June 2024.The expanded Mineral Resource Estimate is the result of concerted 2-year drilling program – focused on expanding the Mineral Resource to provide options for future growth at Fortnum.The expanded Starlight Mineral Resource Estimate comprises two components:An underground Mineral Resource of 8.7Mt @ 3.0g/t for 840koz - a 43% increase since June 2024, following a 41% increase in the year to June 2024.A newly estimated Open Pit Mineral Resource of 4.2Mt @ 2.2g/t au for 290koz.The new enlarged Mineral Resource has seen Westgold initiate a Scoping Study to investigate expansion options (both underground and open pit) at Fortnum.The Fortnum Expansion Project (FXP) Scoping Study is progressing with results to be reported in Q2, FY25.

13.71m @ 18.02g/t Au in drill hole 24SJDD028

PERTH, Western Australia, Nov. 4, 2024 /CNW/ - Westgold Resources Limited (ASX: WGX) (TSX: WGX) (OTCQX: WGXRF) (Westgold or the Company) is pleased to provide an update from ongoing resource development drilling at its Bluebird-South Junction mining complex in Meekatharra, Western Australia.

Highlights

Record Polar Star Lode drill intercept of 13.71m @ 18.02g/t Au - from 563.00m (including 5.85m @ 36.37g/t Au from 567.00m) for 247 gram-metres in hole 24SJDD028

PERTH, Western Australia, Oct. 31, 2024 /CNW/ - Westgold Resources Limited (ASX: WGX) (TSX: WGX) (OTCQX: WGXRF) – Westgold or the Company) advises that it has filed four new National Instrument 43-101 – Standards of Disclosure of Mineral Projects (NI 43-101) compliant technical reports (Technical Reports) titled as follows:

NI 43-101 Technical Report, Cue Gold Operations, Murchison Goldfields, Western Australia;NI 43-101 Technical Report, Fortnum Gold Operations, Bryah Goldfields, Western Australia;NI 43-101 Technical Report, Beta Hunt Operations, Eastern Goldfields, Western Australia; andNI 43-101 Technical Report, Higginsville Gold Operations, Eastern Goldfields, Western Australia.

$1.4B merger lifts Westgold into ASX 200

ASX Release

Westgold is an agile ASX200 Australian gold company. With six operating mines and combined processing capacity of ~7Mtpa across two of Western Australia's most prolific gold regions – we have a clear vision and strategy to sustainably produce +500,000 ozpa from FY26/27.

PERTH, Western Australia, Oct. 31, 2024 /CNW/ - Westgold Resources Limited (ASX: WGX) (TSX: WGX) (OTCQX: WGXRF) - Westgold or the Company) is pleased to report results for the period ending 30 September 2024 (Q1 FY25).

Syndicated Facility With Existing Lenders Increased to $300M

PERTH, Western Australia, Oct. 28, 2024 /CNW/ - Westgold Resources Limited (ASX: WGX) (TSX: WGX) (OTCQX: WGXRF) – Westgold or the Company) is pleased to announce it has executed a commitment letter with ING Bank (Australia) Limited and Societe Generale to increase its existing $100M Syndicated Facility Agreement (SFA) to $300M through the addition of a new $200M facility (Facility B).

The new $200M facility strengthens the Company's balance sheet by providing access to $300M of undrawn facilities (including the undrawn $100M Revolving Corporate Facility) that may be utilised for general corporate purposes.

September 2024 Quarter

PERTH, Western Australia, Oct. 27, 2024 /CNW/ - 28 October 2024: Westgold Resources Limited (ASX: WGX) (OTCQX: WGXRF) – Westgold or the Company) will lodge its September 2024 Quarterly Report with the ASX pre-market open on Thursday, 31 October 2024.

Westgold advises that Wayne Bramwell (Managing Director & CEO), Andrew McDougall (Chief Technical Officer), Tommy Heng (Chief Financial Officer), Simon Rigby (Chief Growth Officer), Mel Wren (Chief People Officer) and Kaisan Critchell (Interim Chief Safety & Sustainability Officer) will present the results via webcast on Thursday, 31 October 2024 at 08:00am AWST / 11:00am AEDT, followed by a Q&A session.

Two senior appointments to deliver portfolio optimisation and growth strategy

PERTH, Western Australia, Oct. 15, 2024 /CNW/ - Westgold Resources Limited (ASX: WGX) (TSX: WGX) (OTCQX: WGXRF) – (Westgold or the Company) is pleased to announce it has appointed mining executive, Mr Aaron Rankine, as the Company's new Chief Operating Officer with effect from 20 January 2025.

Mr Rankine is a mining engineer with more than 20 years' experience in Australia and internationally, most recently as General Manager – Operational Performance with global mining contractor, Perenti Limited. His prior experience includes senior positions at Barminco, including General Manager, Operations Manager, and Group Manager - HSE.

Westgold on track to meet FY25 Guidance with ramp-up back-ended in H2

PERTH, Australia, Oct. 14, 2024 /CNW/ - Westgold Resources Limited (ASX: WGX) (TSX: WGX) (OTCQX: WGXRF) – (Westgold or the Company) is pleased to provide preliminary production results for Q1 FY25.

The Company produced a record 77,369 ounces of gold from its expanded portfolio, achieving an average sale price of $3,723/oz. For clarity, the merger1 with Karora Resources completed on 1 August 2024 and as such Westgold's Q1, FY25 result reported here is based upon 3 months of production from the Murchison (52,889 ounces) but only two months of production from the Southern Goldfields operations (24,480 ounces).

PERTH, Western Australia, Sept. 27, 2024 /CNW/ - (ASX: WGX) (TSX: WGX) (OTCQX: WGXRF) – (Westgold or the Company) advises that it has filed a new National Instrument 43-101 – Standards of Disclosure of Mineral Projects (NI 43-101) compliant technical report for its Meekatharra Gold Operations in the Murchison Goldfields in Western Australia.

The technical report titled "NI 43-101 Technical Report, Meekatharra Gold Operations, Muchison Goldfields, Western Australia" dated 27 September 2024, with an effective date of 30 June 2024 (the Technical Report) supports the news release of the Company dated 14 August 2024 (updated on 16 August 2024), titled "Westgold Declares Maiden South Junction Ore Reserve" (the Release). Under NI 43-101, issuers must file a technical report within 45 days of the date of initial disclosure of, among other things, a new or materially changed Mineral Resource Estimate. Copies of the Technical Report and the Release are available under the Company's profile on SEDAR+ (www.sedarplus.ca). There are no material differences between the Technical Report and the information disclosed in the Release.

Ore Reserve and Mineral Resource growth by drilling and through merger

PERTH, Western Australia, Sept. 16, 2024 /CNW/ - Westgold Resources Limited (ASX: WGX) (TSX: WGX) (OTCQX: WGXRF) (Westgold or the Company) is pleased to provide its updated Mineral Resource Estimate and Ore Reserve Statement calculated as of 30 June 20241.

Group Gold Mineral Resource Estimate and Ore Reserves

At 30 June 20242

Total Measured and Indicated Resources

116Mt at 2.19g/t Au for 8.1 Moz of gold

Total Inferred Resources

63Mt at 2.47g/t Au for 5.0 Moz of gold

Total Ore Reserves

50Mt at 2.05g/t Au for 3.3Moz of gold

PERTH, Australia, Sept. 16, 2024 /CNW/ - Westgold Resources Limited (ASX: WGX) (TSX: WGX) (OTCQX: WGXRF) (Westgold or the Company) is pleased to provide its production, cost and capital guidance for FY25. 

Highlights

FY25 production guidance increased to 400,000 – 420,000 oz•     from 220,000 – 235,000 oz in FY24

H2, FY25 production enhanced – as Beta Hunt, Bluebird - South Junction and Great Fingall begin to deliver increased outputs

FY25 all-in sustaining cost (AISC) guidance reduced to A$2,000 – 2,300 /oz•     from A$2,100 – 2,300/oz in FY24

First Westgold Rig Arrives to Accelerate Fletcher Drilling

PERTH, Australia, Sept. 16, 2024 /CNW/ - Westgold Resources Limited (ASX: WGX) (TSX: WGX) (OTCQX: WGXRF) (Westgold or the Company) is pleased to provide an update in relation to the Fletcher Zone at the Beta Hunt Mine within the Southern Goldfields operation.

Highlights

Declaration of the Fletcher Global Exploration Target of 23-27Mt @ 2.1-2.5g/t Au for 1.6-2.1Moz.

Includes an initial Stage 1 (Southern Zone) Exploration Target of 12–16Mt @ 2.1-2.5g/t Au for 0.8-1.2Moz Au.

PERTH, Australia, Sept. 10, 2024 /CNW/ - Westgold Resources Limited (ASX: WGX) (TSX: WGX) (OTCQX: WGXRF) (Westgold or the Company) is pleased to provide an update in relation to recent mining activities at the Western Flanks orebody at Beta Hunt.

Highlights

Sediment hosted coarse gold mineralisation confirmed within Western Flanks - providing significant production upside potential.Mineralisation style is consistent with the bonanza grade "Father's Day Vein"  - previously mined in the parallel A Zone deposit.Potential for similar style high grade positions within Beta Hunt - including in the rapidly evolving Fletcher Zone.