Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest update is out from Western Gold Resources Ltd. ( (AU:WGR) ).
Western Gold Resources has released an updated Mineral Resource Estimate for its Gold Duke Project, now standing at 4.8 million tonnes at 1.8 grams per tonne gold for 277,000 ounces, including 2.0 million tonnes at 1.6 grams per tonne in the higher-confidence Measured and Indicated categories. The new estimate, prepared under the JORC 2012 Code and constrained within an A$7,000/oz pit shell, incorporates nearly 34,000 metres of recent grade control and infill reverse circulation drilling, refined geological modelling and revised economic assumptions, significantly improving confidence, continuity and operational realism of the resource in the key mining-approved deposits. Metallurgical test work has confirmed strong recoveries of up to 95.2% using conventional CIL processing, while a binding toll milling agreement for treatment at the nearby Wiluna plant and a fully funded pre‑production program underpin the company’s capital-light pathway toward production. With mineralisation remaining open along strike and at depth and a Stage 2 growth strategy underway to assess brownfields prospects near planned operations, the update strengthens the technical and economic foundations of Gold Duke and highlights potential for further resource growth and value creation for stakeholders.
More about Western Gold Resources Ltd.
Western Gold Resources Ltd is an Australian gold exploration and development company focused on advancing its 100%-owned Gold Duke Project in Western Australia’s northeastern Goldfields. The project targets near-surface and deeper gold mineralisation across multiple lodes, with a capital-light, toll-milling based strategy aimed at near-term production from mining-approved deposits such as Eagle, Emu, Golden Monarch and Gold King.
Average Trading Volume: 854,961
Technical Sentiment Signal: Buy
Current Market Cap: A$56.87M
See more data about WGR stock on TipRanks’ Stock Analysis page.