Overview of Western Gold Resources' recent capital raising

Western Gold Resources (ASX: $WGR) has successfully completed a capital raising with professional and sophisticated investors, securing up to $500,000 through a Share Placement and $500,000 through a Convertible Note subscription. The funds raised will be utilized to advance studies towards the assessment of commencing production at the Company's Wiluna West Gold Project, including additional drilling for metallurgical studies, scoping and feasibility studies, finalizing mining approvals, and working capital.

Executive commentary on the capital raising

We are pleased to announce the successful completion of the Share Placement. This capital raise, complemented by the convertible note, strengthens our financial position and enables us to accelerate our strategic initiatives.

Summary of Western Gold Resources' capital raising and outlook

Western Gold Resources (ASX: $WGR) has completed a successful capital raising, securing funds to advance studies for the Wiluna West Gold Project. The strong support from existing shareholders and high net worth investors demonstrates confidence in the Company's potential projects. The funds will be used for additional drilling, scoping and feasibility studies, finalizing mining approvals, and working capital. The completion of the capital raising enhances the Company's financial position and supports the acceleration of its strategic initiatives.