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Western Gold Resources Ltd. ( (AU:WGR) ) has provided an update.
Western Gold Resources has begun drilling a new production bore at the Bowerbird Prospect within its flagship Gold Duke Project in Western Australia. The bore is designed to replace an existing production well and provide a dedicated water supply for mining operations and dust suppression under an approved groundwater extraction licence.
Alongside drilling, the company has started early site establishment, including delivery and installation of site offices and creation of a laydown area to support drilling, mining, and logistics. These steps mark the first phase of on-the-ground activities following the company’s Decision to Mine and are expected to support efficient execution of Stage 1 operations at Gold Duke.
The most recent analyst rating on (AU:WGR) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Western Gold Resources Ltd. stock, see the AU:WGR Stock Forecast page.
More about Western Gold Resources Ltd.
Western Gold Resources Ltd. is an Australian gold exploration and development company listed on the ASX, focused on advancing its 100%-owned Gold Duke Project in Western Australia. The project targets multiple near-surface gold deposits and aims to progress toward production by establishing essential mine-support infrastructure and leveraging existing regional processing facilities.
Average Trading Volume: 1,197,367
Technical Sentiment Signal: Buy
Current Market Cap: A$44.11M
Find detailed analytics on WGR stock on TipRanks’ Stock Analysis page.