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Western Gold Resources Ltd. ( (AU:WGR) ) has issued an announcement.
Western Gold Resources Limited has signed a Toll Milling Agreement with Wiluna Mining Corporation, facilitating the transition to production for its Gold Duke Project. This agreement, along with the proximity of the Wiluna Processing Plant, positions the company for near-term gold production. The ongoing Scoping Study update is expected to demonstrate strong project economics under current gold prices, and the company has also raised funds through a share placement to support its operations. The advancements in the Gold Duke Project, including grade control and infill drilling planning, highlight the company’s readiness to become a gold producer, potentially extending the project’s life and enhancing stakeholder value.
More about Western Gold Resources Ltd.
Western Gold Resources Limited is a company operating in the mining industry, focusing on gold extraction and production. Its primary project, the Gold Duke Project, is located within the Joyners Find Greenstone Belt, southwest of Wiluna. The company is working towards transitioning into gold production, leveraging strategic agreements and investments.
Average Trading Volume: 494,995
Technical Sentiment Signal: Buy
Current Market Cap: A$20.7M
Learn more about WGR stock on TipRanks’ Stock Analysis page.