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Western Gold Resources Ltd. ( (AU:WGR) ) has provided an announcement.
Western Gold Resources Ltd. has announced promising early results from its Gold Duke Project’s grade control drilling program, which confirms high-grade gold mineralization at the Eagle and Emu deposits. The completion of the 35,300-meter drilling program and the rapid turnaround of assay results are set to enhance the resource model and support the company’s transition to production. With secured funding and strong financial metrics, including a projected cash surplus, the company is poised to capitalize on the favorable Australian gold price and deliver early cash flow, with mining expected to start in late Q4 2025.
More about Western Gold Resources Ltd.
Western Gold Resources Limited (ASX: WGR) is a company operating in the gold mining industry. It focuses on the exploration and development of gold resources, with its primary project being the Gold Duke Project located 35km southwest of Wiluna. The company aims to transition into a gold producer by leveraging its exploration successes and securing funding to support its operations.
Average Trading Volume: 752,424
Technical Sentiment Signal: Buy
Current Market Cap: A$32.76M
For detailed information about WGR stock, go to TipRanks’ Stock Analysis page.