Westgold Resources has presented the maiden ore reserve for South Junction within the Bluebird-South Junction gold mining complex in Western Australia.
The ore reserve for Bluebird-South Junction has increased to three million tonnes at 2.8 grams per tonne of gold for 277,000 ounces.
This marks a 233 per cent increase from the 2022–23 financial year (FY23) ore reserve. Westgold has also increased indicated resources by 61 per cent.
Westgold is targeting further resource conversion at the site, with a substantial drilling program ongoing. Surface and underground drill rigs continue to extend and infill the resource.
“Westgold is rapidly building a mine of significant scale and life at Meekatharra,” Westgold managing director and chief executive officer Wayne Bramwell said.
“The maiden ore reserve for South Junction and the rapid expansion of the Bluebird-South Junction mining complex to 1.2 million tonnes per annum run rate by the third quarter of FY25 has been a remarkable success story and underpins the value in drilling.”
Bramwell said a more productive underground mine would be a game changer for the business.
“It will reduce the requirement and cost of road haulage of ore from Cue as the Bluebird-South Junction complex is within 2km of nearby Bluebird mill,” he said.
“Westgold will continue to invest in drilling across our portfolio in FY25 … we continue to build a diversified platform that can produce more consistent and sustainable long-term cashflows and returns for our shareholders.”
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