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EXPLORER
State: 17.08.2024 | 11PM
Tue, 03.12.2024       Westgold Resources

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.

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