Westgold Resources' significant MRE update

Westgold Resources (ASX:WGX) has revealed a substantial update to the Mineral Resource Estimate for the Bluebird - South Junction mining complex, part of its Murchison operations in Western Australia. The resource has grown by 37% to 15 million tonnes at 2.9 g/t Au, totaling 1.4 million ounces. Measured and Indicated Resources now stand at 8.7 million tonnes at 2.9 g/t Au for 814,000 ounces, marking a 65% increase. A mining study is ongoing, with an Ore Reserve update expected in Q2 FY25.

Westgold's strategic resource expansion and future plans

Westgold Resources has significantly increased its Mineral Resource Estimate at the Bluebird - South Junction by 37%, reaching 15 million tonnes at 2.9 g/t Au. This expansion highlights the company's commitment to growing its Murchison operations. The rise in Measured and Indicated Resources by 65% further emphasizes the potential for increased production. Ongoing drilling programs and studies for a new access portal aim to enhance the mining output. The company's strategy focuses on maximizing resource potential while maintaining rigorous quality assurance. With an Ore Reserve update anticipated in Q2 FY25, Westgold is set on strengthening its position as a leading gold producer in the region.

Executive insights on Westgold's resource expansion

The Bluebird - South Junction is a key growth driver for Westgold's Murchison business,' emphasized CEO Wayne Bramwell. 'This announcement underscores a 240% increase in the Mineral Resource base within 18 months due to continued investment in drilling.