Warriedar Resources unveils updated gold resource

Warriedar Resources (ASX:WA8) has announced an updated Mineral Resource Estimate for the Ricciardo Gold Deposit. The estimate has increased by 99%, now totaling 947.5 thousand ounces of gold. This is based on 16.44 million tonnes at an average grade of 1.8 g/t. The update follows successful exploration efforts that added 471 thousand ounces at low cost.

Comprehensive resource growth strategy

Warriedar Resources' updated MRE for the Ricciardo Gold Deposit reflects a significant growth in gold resources, now reaching over 947.5 thousand ounces. This achievement stems from targeted exploration and cost-efficient discovery. The deposit is strategically located in the Murchison region of Western Australia, with existing mining leases and infrastructure advantages. Future plans include continued exploration to expand resources further and explore economic potential for antimony mineralisation. This positions Warriedar favorably for future development and strategic growth in the region.

Executive insights on resource expansion

The Ricciardo system remains open at depth and along strike, suggesting further resource growth potential.