Westgold (ASX / TSX: WGX)

Announced a maiden Mineral Resource for the Fletcher Zone of 2.3 million ounces of gold.

This doubles the current resource at Beta Hunt, declared in 2024.

 

 

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	Westgold	ASX / TSX: WGX
	Stage	Production + development
	Metals	Gold
	Market cap	A$2.92 Billion @ A$2.74
	Location	Western Australia
	Website	www.westgold.com.au

 

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Westgold Announce Fletcher Zone Maiden Mineral Resource of 2.3Moz

 

Stage 1 Fletcher Resource almost doubles the current Beta Hunt Resource

 

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Perth, Western Australia, 23 June 2025: Westgold Resources Limited (ASX | TSX: WGX – Westgold or the Company) is pleased to announce its maiden Mineral Resource Estimate (MRE) for the Fletcher Zone at the Beta Hunt mine in the Southern Goldfields of Western Australia.

Stage 1 drilling only tested 1 kilometre of the 2 kilometres of known strike of the Fletcher Zone, with a Stage 2 programme now being planned to test strike and depth extensions.

 

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Highlights

Maiden MRE for Fletcher Zone of 31Mt @ 2.3g/t Au for 2.3Moz Au Inclusion of Stage 1 Fletcher MRE effectively doubles the September 2024 Beta Hunt Mineral Resource.

Stage 1 Fletcher Zone mineralisation extends over a zone up to 500m in width – and 2 km in strike length with a vertical extent in excess of 800m Significant opportunity for resource extensions
 MRE drilling tested Stage 1 – the first 1km of the known 2km strike of Fletcher
 Stage 1 Mineral Resource remains open at depth
Stage 1 Mineral Resource conversion drilling commenced at Fletcher – targeting a maiden Ore Reserve in FY26

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Westgold Managing Director and CEO Wayne Bramwell commented:

“Westgold is rapidly unlocking the value we identified at Beta Hunt.

 

“This is a circa 7km long, multi-lode mineralised system that is under-drilled and the Company has delivered a maiden Mineral Resource of 2.3Moz from the Fletcher Zone, from just 1km of Fletcher’s apparent strike.

“This result points to the growth potential of Beta Hunt, and while this is a material milestone for Westgold, it is simply the first step on what is likely to be a multi-decade journey for Fletcher in an expanded Beta Hunt mine plan.

 

“Critically, mine life at Beta Hunt today exceeds ten years without any contribution from Fletcher.

 

“Mine outputs are lifting from the existing Western Flanks and A Zone mining areas and this improvement provides scope to evaluate the optimum mining and processing strategy for Fletcher, as it represents a transformational opportunity to further expand the scale of Beta Hunt outputs.

 

“Our drill teams are not slowing down. They have commenced drilling to upgrade the current Stage 1 Mineral Resource, targeting a maiden Ore Reserve during FY26 and in addition, are preparing to commence testing the northern ~1km extension of Fletcher in the Stage 2 programme.” 

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To read the full news release please click HERE

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Disclosure

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

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