Westgold Resources Limited (ASX:WGX) mining commencement announcement

Westgold Resources Limited (ASX:WGX) has announced the commencement of mining of the South Junction Lode within the Bluebird-South Junction mining complex at Meekatharra. The company aims to achieve a 100kt per month run rate for the Bluebird-South Junction mine by Q3 FY25. The drilling program continues to extend the system with significant intersections, including 14.93m @ 15.95g/t Au in hole 24SJDD029, 6.83m @ 15.31g/t Au in hole 24SJDD027, 13.00m @ 3.65g/t Au in hole 24SJDD032, 11.42m @ 4.92g/t Au in hole 24SJDD029, and 8.95m @ 4.01g/t Au in hole 24SJDD026. The South Junction Resource Definition drilling program continues with 2 surface rigs targeting deeper extensions of the South Junction and Polar Star Lodes around 800m below surface.

Executive Commentary on South Junction Lode Mining Commencement

Drilling continues to unlock value and point to the potential scale of the Bluebird-South Junction mining complex at Meekatharra. The commencement of mining on the South Junction Lode is a company milestone, achieved in short order by a focused team. This lode is one of many mineralized lodes being tested across the Bluebird-South Junction mining complex, with the Polar Star Lode the next target to being evaluated. Westgold can now contemplate a significantly larger, multi-decline mining complex emerging on the doorstep of our 1.6-1.8Mtpa processing plant. Each new mining front we define can increase mine output, with the continued expansion of Bluebird-South Junction providing new opportunities to reduce haulage and optimize processing infrastructure across our Murchison business.

Summary of South Junction Lode Mining Commencement

Westgold Resources Limited (ASX:WGX) has commenced mining of the South Junction Lode within the Bluebird-South Junction mining complex at Meekatharra. The company aims to achieve a 100kt per month run rate for the Bluebird-South Junction mine by Q3 FY25. The drilling program continues to extend the system with significant intersections, and the South Junction Resource Definition drilling program continues with 2 surface rigs targeting deeper extensions of the South Junction and Polar Star Lodes around 800m below surface. Westgold's Managing Director and CEO, Wayne Bramwell, expressed optimism about the potential scale of the mining complex and the opportunities it presents for increased mine output and optimized processing infrastructure across the Murchison business. The company is targeting the release of an updated Polar Star Mineral Resource Estimate in Q3 FY25 in parallel with mining studies.