Westgold Resources (ASX / TSX: WGX)

Westgold or the Company) is pleased to provide its updated Mineral Resource Estimate and Ore Reserve Statement calculated as at 30 June 2025.

With current milling capacity of 5.7 Mtpa, Westgold has an estimated Reserve life of approximately 10 years.

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Beta Hunt Mine at night – Credits Westgold

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WESTGOLD 2025 MINERAL RESOURCE ESTIMATE AND ORE RESERVES

Westgold Resources Limited (ASX | TSX: WGX) Westgold or the Company) is pleased to provide its updated Mineral Resource Estimate and Ore Reserve Statement calculated as at 30 June 2025.

With current milling capacity of 5.7 Mtpa, Westgold has an estimated Reserve life of approximately 10 years.

Group Gold Mineral Resource Estimate and Ore Reserves

At 30 June 2025
Total Mineral Resource Estimate 231 Mt at 2.18 g/t Au for 16.3 Moz of gold
Total Ore Reserves 56 Mt at 1.93 g/t Au for 3.5 Moz of gold

Highlights

24% increase in Mineral Resource – growing to 16.3 Moz post mining depletion (up from 13.2 Moz in FY24)
5% increase in Ore Reserves – lifting to 3.5 Moz post mining depletion.

Southern Goldfields Milestone – 2.3 Moz Stage 1 Fletcher Zone Maiden Mineral
Resource Estimate (at Beta Hunt)

Murchison Milestones – Bluebird – South Junction’s Mineral Resource grows to 1.3 Moz
(up 35% year-on-year post mining depletion).

Starlight’s Mineral Resource grows to 866 koz (a 46% increase year-on-year post-depletion.)

Ore Reserves Increase at Major Murchison mines:

Bluebird – South Junctions Ore Reserve up 90% to 528 koz and Starlight up 94% to 250 koz post mining depletion.

Reserve life continues to grow – with a total milling capacity of 5.7 Mtpa, Westgold has
an estimated Reserve life of approximately 10 years.

Nineteen drill rigs operating – on surface and underground across the 3,200km2 portfolio, $50M to be invested in exploration and resource development in FY26.

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Westgold Managing Director and CEO Wayne Bramwell commented:

“In FY25 Westgold invested $43M in resource development and exploration across our portfolio.

 

“This investment delivered significant growth in Group Mineral Resources, most notably with the maiden Fletcher Mineral Resource of 2.3 Moz, and a material uplift in Group Ore Reserves.

 

“Importantly, our Mineral Resource and Ore Reserve growth has been created whilst concurrently investing in critical mine infrastructure across our Murchison and Southern Goldfields mines.

 

“This investment has now established a sustainable platform for long term cashflow generation over a 10-year Group Ore Reserve life.

 

“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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To read the full news release please click HERE

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.To View Westgold’s historical news, please click here

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in Westgold.

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Lake Hope drilling – Credits Impact Minerals

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Minera Alamos (TSX.V: MAI)

Announced the results of an independent estimate of the Mineral Resources currently outlined at the Santana gold project  in Sonora, Mexico.

The Resource Estimate was prepared in accordance with National Instrument 43-101

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Minera Alamos three projects in Mexico

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Minera Alamos Announces Maiden Resource Estimate for the Santana Gold Project, Sonora, Mexico

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Darren Koningen, CEO, stated,

“This maiden resource covers just the development zones in the immediate area of the current Santana mine operations and is a major step in highlighting the robust resource data and metallurgical input that provided the Company with comfort in developing our first low capital mine.

 

To read the full news release, please click HERE

O3 Mining (TSX.V: OIII)

Announced the results of the maiden mineral resource estimate (“MRE”) on our-100% owned Malartic H gold deposit at Marban, Val-d’Or Quebec, Canada.

They are  342,000 ounces grading 1.04 grams per tonne  of gold  in the inferred mineral resource category. 

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O3 Mining Delivers Maiden Mineral Resource Estimate for Malartic H

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• Open-pit inferred mineral resource estimate of 342,000 oz Au grading 1.04 g/t. Malartic H is located within five kilometres of the proposed processing plant described in the Marban PFS (as defined herein)
• The MRE is based on approximately 29,000 metres of drilling in 103 holes, including 8,036 metres in 25 holes completed by O3 Mining in March 2022 and from January to March 2023
• Significant exploration potential as Malartic H is located between the northwestern extensions of the Marbenite and Norbenite shears, which host most of the mineral resource estimate on the Marban Engineering Project described in the Marban PFS
• The Malartic H deposit remains partially open laterally and completely open at depth

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O3 Mining President and CEO, Mr. José Vizquerra, commented: 

“The positive results of this maiden MRE on Malartic H is an exciting milestone for O3 Mining, as it shows the potential for the Malartic H deposit to grow both laterally and at depth.

 

“We are excited about the results of our winter drilling campaign and remain hopeful that additional infill drilling could allow us to grow the deposit and demonstrate the robustness of the Marban Engineering Project.”

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To read the full news release, please click HERE

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Impact Minerals (ASX: IPT)

Announced a significant, substantialand high–grade maiden Mineral Resource Estimate for its flagship Lake Hope High Purity Alumina (HPA) Project located about 500 km east of Perth in Western Australia.  

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Impact Minerals Limited (ASX:IPT) is pleased to announce a significant, substantialand high–grade maiden Mineral Resource Estimate (MRE) for its flagship Lake Hope High Purity Alumina (HPA) Project located about 500 km east of Perth in Western Australia.

Impact has the right to earn an 80% interest in Playa One Pty Ltd, owner of the Lake Hope Project,via an incorporated joint venture (ASX Release 21st March 2023).

Highlights

• Impact Minerals  delivered a maiden MRE for its flagship Lake Hope HPA project in Western Australia
• The MRE reads 3.5 million tonnes at 25 per cent alumina for a contained 880,000 tonnes of alumina
• Around 775,000 tonnes, or 88 per cent of alumina, is in the higher confidence indicated resource category
• Impact Minerals’ MRE gives it the assurance that Lake Hope will deliver high-margin, high-end products into a fast-growing global market.

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IPT Managing Director Dr Mike Jones stated;

“The maiden MRE underpins the company’s quest to become one of the world’s lowest-cost producers of high-purity alumina.

 

“This unique resource could provide multi-decade delivery of a mineral product recently added to Australia’s critical mineral list.”

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Impact reported that 88% of the resource, around 775,000 tonnes of alumina, is in the higher confidence indicated resource category.

The company hopes to bring Lake Hope into production, delivering high-margin end products into a fast-growing global market, with current prices for benchmark 4N HPA at about US$20,000 per tonne.

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To read the full news release, please click HERE

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 American Creek Resources  (TSX.V: AMK)

Reported that project operator and JV partner Tudor Gold announced the filing of the technical report for the updated Mineral Resource Estimate on the Goldstorm Deposit at their flagship Treaty Creek Project located in the Golden Triangle region of British Columbia. 

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American Creek Resources – Treaty Creek

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American Creek’s JV Partner Tudor Gold Announces Filing of NI 43-101 Technical Report on the Updated Mineral Resource Estimate for the Goldstorm Deposit at the Treaty Creek Joint Venture Project, Located in the Golden Triangle of British Columbia

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Cardston, Alberta–(Newsfile Corp. – May 2, 2023) – American Creek Resources Ltd. (TSXV: AMK) (OTCQB: ACKRF) (“the Corporation” or “American Creek”) is pleased to report that project operator and JV partner Tudor Gold announced the filing of the technical report (the “Report“) for the updated Mineral Resource Estimate on the Goldstorm Deposit (the “MRE” or “2023 Treaty Creek MRE“) at their flagship Treaty Creek Project (the “Project“) located in the Golden Triangle region of British Columbia.

The Report is entitled “NI-43-101 Technical Report for the Treaty Creek Project”, with an effective date of April 28, 2023 and was prepared for Tudor Gold by Garth Kirkham Geosystems and JDS Energy & Mining Inc. (“JDS“). The Report is available under the Company’s profile on SEDAR at www.sedar.com or from the Company’s website at www.tudor-gold.com

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Highlights of the 2023 Treaty Creek MRE:

• Indicated Mineral Resource of 23.37 million ounces (Moz) of gold equivalent (AuEQ) within 641.93 million tonnes (Mt) at a grade of 1.13 g/t AuEQ; comprised of:
  • 18.75 Moz of gold (Au) at 0.91 g/t, 112.44 Moz of silver (Ag) at 5.45 g/t, and 2.18 billion pounds (Blbs) of copper (Cu) at 0.15 %.
• Inferred Mineral Resource of 7.35 Moz AuEQ within 233.90 Mt at a grade of 0.98 g/t AuEQ; comprised of:
  • 5.54 Moz Au at 0.74 g/t, 45.08 Moz Ag at 5.99 g/t, and 848.00 million pounds (Mlbs) of Cu at 0.16 %.
    
• CS-600 Domain is comprised of an intrusive hosted gold-copper porphyry system and hosts an Indicated Mineral Resource of 9.86 Moz of AuEQ within 278.02 Mt at a grade of 1.10 g/t AuEQ; comprised of:
  • 6.22 Moz Au at 0.70 g/t; and 1.98 Blbs of Cu at 0.32 %.
    
• A 1.0 g/t sensitivity cut-off for all the Indicated Mineral Resource (open-pit and underground) measures 15.18 Moz of AuEQ at a grade of 1.48 g/t AuEQ; comprised of:
  • 12.29 Moz of Au at 1.20 g/t, 72.07 Moz of Ag at 7.02 g/t and 1.35 Blbs of Cu at 0.19 %.
    
• Improved the definition and spatial continuity of the Goldstorm porphyry system which is comprised of six separate mineral domains over an area that measures approximately 2,500 m in length, 1,000 m in width and 1,400 m in depth.
• The Goldstorm Deposit remains open to the south, north, northeast and at depth.

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To read the full news release, please click HERE

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If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in American Creek Resources.

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O3 Mining (TSX.V: OIII)

Provided a first maiden Mineral Resource Estimate for its 100% owned Bulldog gold deposit at Alpha, Val-d’Or Quebec, Canada.

Inferred resources of 318,000 oz Au at Bulldog and Kappa.

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O3 mining detailed Malartic map

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O3 Mining Delivers First Maiden Mineral Resource Estimate for Bulldog and Kappa at Alpha