Western Gold Resources Ltd. (AU:WGR) has released an update.
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Western Gold Resources Ltd. has released a promising Scoping Study for its Gold Duke Project, showcasing the project’s potential for profitable gold production, particularly as it currently only includes 51% of the known resources. The study outlines an estimated $38.10M in cash surplus and low pre-mining capital costs, with plans to secure a toll milling agreement and assess non-dilutive joint venture opportunities. The company is also continuing exploration efforts to potentially extend the mine’s life and production capacity.
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