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Westgold Resources ( (AU:WGX) ) has issued an update.
Westgold Resources Limited has announced a maiden Mineral Resource Estimate (MRE) for the Fletcher Zone at the Beta Hunt mine, revealing a significant 2.3 million ounces of gold. This development nearly doubles the existing Beta Hunt Resource and highlights the growth potential of the mine. The Fletcher Zone’s mineralization extends over a 2 km strike length and remains open at depth, offering substantial opportunities for future resource extensions. The company is planning further drilling to upgrade the current resource and target a maiden Ore Reserve by FY26, indicating a transformative opportunity to expand Beta Hunt’s outputs and extend its mine life beyond ten years.
The most recent analyst rating on (AU:WGX) stock is a Buy with a A$2.80 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.
More about Westgold Resources
Westgold Resources Limited is a mining company based in Perth, Western Australia, primarily focused on gold mining operations. The company is listed on both the Australian Securities Exchange (ASX) and the Toronto Stock Exchange (TSX) under the ticker WGX. Westgold is actively involved in the exploration and development of mineral resources, particularly in the Southern Goldfields region of Western Australia.
YTD Price Performance: 3.53%
Average Trading Volume: 5,866,080
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$2.76B
See more insights into WGX stock on TipRanks’ Stock Analysis page.