Western Gold Resources advances mining plans

Western Gold Resources (ASX:WGR) has received approval from the WA Department of Energy, Mines, Industry Regulation and Safety for its Gold Duke Project. This includes the Mining Proposal and Mine Closure Plan, paving the way for open pit mining operations. The approval allows the company to commence first-stage mining at the Gold King deposit, the final deposit to receive approval.

Overview and future outlook for Western Gold

Western Gold Resources has secured necessary approvals for the Gold Duke Project, allowing mining at the Gold King deposit. The project, consisting of four deposits, holds 178,000 ounces of gold. With a favorable gold price environment, the company plans to process ore at third-party facilities. A Scoping Study shows potential for significant cash generation, with a focus on minimizing upfront costs and leveraging operational cash flow. Western Gold is advancing towards production and will release a revised Mineral Resource Estimate for Gold King. The company is well-positioned to capitalize on high gold prices and aims to provide regular updates on progress.

Executive insights on project approval

The approval marks a key milestone in WGR's strategy, enabling us to exploit shallow oxide gold ore. We are now focused on advancing the project to production and exploring treatment options with nearby processing plants.