Westgold Resources has seen a 24 per cent increase in mineral resources across its operations in Western Australia – growing to 16.3 million ounces (Moz) from 13.2Moz in the 2023–24 financial year (FY24).
As of June 30, the total mineral resource estimate (MRE) was 231 million tonnes (Mt) at 2.18 grams per tonne (g/t) gold for 16.3Moz of gold, with growth said to be underpinned by a focused campaign of exploration and resource definition drilling over FY25.
The 3.1Moz increase in the MRE has been driven by resource development activities in both Westgold’s current mines and across its broader asset package.
Exploration and resource definition efforts this year have contributed to a 24 per cent increase in mineral resource at the company’s Murchison operations (incorporating the Bluebird, Tuckabianna and Fortnum processing hubs) and a 72 per cent increase in the Southern Goldfields operations (Higginsville processing plant and the Beta Hunt and Two Boys mines).
With current milling capacity of 5.7 million tonnes per annum (Mtpa), it is forecasted Westgold’s reserve life sits at approximately 10 years.
Nineteen drill rigs are operating both underground and on the surface across a portfolio of 3200km2 and $50m is set to be invested for further exploration and resource development mission in FY26.
“In FY25, Westgold invested $43 million in resource development and exploration across our portfolio,” Westgold managing director and chief executive officer Wayne Bramwell said.
“This investment delivered significant growth in group mineral resources, most notably with the maiden Fletcher mineral resource of 2.3Moz, and a material uplift in group ore reserves.
“Westgold will continue to drill and invest in organic growth through exploration, resource definition and mineral resource conversion across our portfolio. We unlocked value for our shareholders and stakeholders in FY25 and are confident in our team’s ability to create additional value from two of Western Australia’s most productive goldfields.”
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Want to connect with the mining industry? Register to attend AIMEX and WA Mining Conference.
Want to connect with the mining industry? Register to attend AIMEX and WA Mining Conference.
Want to connect with the mining industry? Register to attend AIMEX and WA Mining Conference.
Want to connect with the mining industry? Register to attend AIMEX and WA Mining Conference.
Want to connect with the mining industry? Register to attend AIMEX and WA Mining Conference.
