Westgold provides update on Fletcher Zone at Beta Hunt Mine

Westgold Resources Limited (ASX:WGX) has declared the Fletcher Global Exploration Target of 23-27Mt@2.1-2.5g/t Au for 1.6-2.1Moz. The company is pleased to announce the arrival of the first Westgold underground drilling rig at Beta Hunt to accelerate resource definition drilling at the Fletcher Zone within the Southern Goldfields operation.

Westgold Managing Director and CEO Wayne Bramwell's Commentary

Westgold has moved quickly post-merger to advance opportunities to increase production at Beta Hunt. Through the release of the Fletcher Zone Exploration Target, Westgold can now articulate what we believe to be the size of the prize, demonstrating both the potential scale and the importance of the Fletcher discovery to the Beta Hunt operation. Resource definition will be accelerated at Fletcher. The first of two Westgold owned underground drill rigs has arrived on site to complement the existing contract rig with a three-rig program key to enhancing the potential to deliver a Maiden Resource from the Southern Zone.

Summary of Fletcher Exploration Target Declaration

Westgold Resources Limited has defined the Fletcher Global Exploration Target of 23-27Mt@2.1-2.5g/t Au for 1.6-2.1Moz. The company aims to accelerate resource definition drilling at the Fletcher Zone, with a minimum of three drill rigs committed to the program for the foreseeable future. Regular updates on drilling results will be provided during Q2/Q3 FY25. The potential quantity and grade of the Exploration Targets are conceptual in nature, and further exploration drilling will determine if a Mineral Resource can be estimated. Westgold looks forward to providing regular updates on drill results during the coming months.