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Westgold Resources ( (AU:WGX) ) has provided an announcement.
Alicanto Minerals Limited, operating in the gold mining industry, has announced the acquisition of the Mt Henry Gold Project from Westgold Resources Limited. The project, located in the prolific Norseman–Kalgoorlie greenstone belt in Western Australia, offers a substantial mineral resource of 0.9 million ounces and significant growth potential due to its open mineralization and the current high gold prices. Alicanto plans an aggressive 50,000-meter drilling campaign to expand the resource and explore new targets, with Westgold becoming a 19.9% shareholder, reflecting their confidence in the project’s potential.
The most recent analyst rating on (AU:WGX) stock is a Buy with a A$7.80 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.
More about Westgold Resources
Average Trading Volume: 4,494,762
Technical Sentiment Signal: Buy
Current Market Cap: A$5.76B
Find detailed analytics on WGX stock on TipRanks’ Stock Analysis page.