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State: 17.08.2024 | 11PM
Tue, 12.11.2024       Westgold Resources
AU000000WGX6

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.
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