New Risk • Mar 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$5.5m free cash flow). Earnings have declined by 35% per year over the past 5 years. Shareholders have been substantially diluted in the past year (54% increase in shares outstanding). Revenue is less than US$1m (AU$60k revenue, or US$43k). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$43.9m market cap, or US$30.9m). New Risk • Mar 14
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$5.5m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$5.5m free cash flow). Earnings have declined by 35% per year over the past 5 years. Shareholders have been substantially diluted in the past year (54% increase in shares outstanding). Revenue is less than US$1m (AU$60k revenue, or US$42k). Minor Risk Market cap is less than US$100m (AU$54.1m market cap, or US$37.9m). Ankündigung • Dec 06
Western Gold Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 6.75 million. Western Gold Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 6.75 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 25,805,973
Price\Range: AUD 0.12
Discount Per Security: AUD 0.0072
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 30,444,027
Price\Range: AUD 0.12
Discount Per Security: AUD 0.0072
Transaction Features: Subsequent Direct Listing Ankündigung • Dec 03
Western Gold Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.112331 million. Western Gold Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.112331 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,404,143
Price\Range: AUD 0.08
Discount Per Security: AUD 0.0032
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Ankündigung • Oct 27
Western Gold Resources Limited, Annual General Meeting, Nov 28, 2025 Western Gold Resources Limited, Annual General Meeting, Nov 28, 2025. Location: at dla piper, level 21, 240 st georges terrace, perth 6000 Australia Ankündigung • Oct 07
Western Gold Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 6.75 million. Western Gold Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 6.75 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 56,250,000
Price\Range: AUD 0.12
Discount Per Security: AUD 0.0072
Transaction Features: Subsequent Direct Listing New Risk • Sep 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 42% per year over the past 5 years. Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Revenue is less than US$1m (AU$27k revenue, or US$18k). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Market cap is less than US$100m (AU$25.3m market cap, or US$16.7m). Ankündigung • Aug 18
Western Gold Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.455648 million. Western Gold Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.455648 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,695,605
Price\Range: AUD 0.08
Discount Per Security: AUD 0.0032
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Jul 10
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 35% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 42% per year over the past 5 years. Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Revenue is less than US$1m (AU$27k revenue, or US$18k). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Market cap is less than US$100m (AU$19.3m market cap, or US$12.6m). New Risk • Jun 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 42% per year over the past 5 years. Revenue is less than US$1m (AU$27k revenue, or US$18k). Minor Risks Shareholders have been diluted in the past year (26% increase in shares outstanding). Market cap is less than US$100m (AU$21.0m market cap, or US$13.7m). New Risk • May 29
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 39% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 42% per year over the past 5 years. Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Revenue is less than US$1m (AU$27k revenue, or US$17k). Market cap is less than US$10m (AU$15.2m market cap, or US$9.79m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). Ankündigung • May 28
Harder Investments Limited agreed to acquire an unknown minority stake in Western Gold Resources Limited (ASX:WGR) from Incor Holdings Limited and Pangaea Resources Limited. Harder Investments Limited agreed to acquire an unknown minority stake in Western Gold Resources Limited (ASX:WGR) from Incor Holdings Limited and Pangaea Resources Limited on May 28, 2025.
The arrangement remains subject to approval of the Supreme Court of Western Australia. The Company is not a party to these proceedings or the associated share sale transaction.
GTT Ventures Pty Ltd acted as financial advisor to Incor and Pangaea. GTT will facilitate an orderly off-market transfer of the shares to third party recipients and remit the sale proceeds (net of fees) to Harder. New Risk • Jan 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 23% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 42% per year over the past 5 years. Revenue is less than US$1m (AU$4.6k revenue, or US$2.9k). Market cap is less than US$10m (AU$11.9m market cap, or US$7.40m). Minor Risk Shareholders have been diluted in the past year (23% increase in shares outstanding). Ankündigung • Jan 10
Western Gold Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.72 million. Western Gold Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.72 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 18,000,000
Price\Range: AUD 0.04
Discount Per Security: AUD 0.0024
Transaction Features: Subsequent Direct Listing Ankündigung • Jan 06
Western Gold Resources Limited Appoints Ryan Mount as Non Executive Director Western Gold Resources appointed Mr. Ryan Mount as a Non Executive Director and welcome Mr. Mount to the WGR board effective 6 January 2025. Mr. Mount provides significant experience with over 25 years in mining and finance industries combined. He has led mineral exploration and mining teams in Australia, Oceania, Asia and South America. He is currently the Chief Executive Officer of LeadFX Inc, where he is leading the restructure and the redevelopment of the Rosslyn Hill Lead Mine, just 30km north of the Gold Duke Project. Mr. Mount is also a Director of ASX Listed Excelsior Capital Limited and is member of the Australian Institute of Company Directors. Ankündigung • Dec 26
Western Gold Resources Limited Announces Managing Director Changes, Effective 31 December 2024 Western Gold Resources Limited announced that it has appointed Mr. Cullum Winn as the Company's new Managing Director effective 31 December 2024. Mr. Winn was recently appointed as Chief Executive Officer of the Company and replaces inaugural Managing Director Mr. Warren Thorne who resigned effective 31 December 2024. Mr. Winn provides significant production experience as the Company looks to transition into production at its 100% owned Gold Duke Project, located in Wiluna Western Australia. Mr. Winn's role as the Managing Director will remain similar to that of the Chief Executive Officer of the Company. Mr. Winn is a highly experienced mining engineer from the Western Australian School of Mines. He holds a Western Australian First Class Mine Manager's Certificate and is a member of the Australasian Institute of Mining and Metallurgy (AusIMM). With over 30 years of leadership and mining operations experience, Mr. Winn is well- positioned to lead the Company into its next phase of development. Most recently, Mr. Winn served as General Manager of Operations at Bald Hill for Lithco /Liatam Mining, where he played a key role in the successful ramp-up and stabilisation of operations to nameplate production. He advanced safety initiatives, ensured environmental compliance, and built strong, positive relationships with the Ngadju Native Title Corporation, the Ngadju people, and key stakeholders in the local community. Mr. Winn has held senior leadership roles at several prominent mining companies, including Newcrest Mining Limited, Westgold Resources Limited, Barrick Gold Corporation, and Norton Gold Fields. At Newcrest's Havieron Project, he played a significant role in both the internal and external approvals for the Early Works Stage. He worked closely with the Jamukurnu Yapalikurnu Aboriginal Corporation (JYAC) and the Martu people, ensuring the project aligned with community expectations and respected cultural values. Throughout his career, Mr. Winn has successfully managed various stages of mining operations, from early works and approvals through to start-up and ramp-up, as well as operation turn-arounds and re-starts. Known for his ability to build high-performing teams, he has consistently driven operational excellence while maintaining a strong focus on safety, sustainability, and community engagement. Ankündigung • Oct 30
Western Gold Resources Limited, Annual General Meeting, Nov 29, 2024 Western Gold Resources Limited, Annual General Meeting, Nov 29, 2024. Location: at level 4, 88 william street, perth wa 6000 Australia New Risk • Sep 27
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$2.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.2m free cash flow). Shares are highly illiquid. Earnings have declined by 42% per year over the past 5 years. Shareholders have been substantially diluted in the past year (67% increase in shares outstanding). Revenue is less than US$1m (AU$15k revenue, or US$10k). Market cap is less than US$10m (AU$4.43m market cap, or US$3.05m). New Risk • Sep 13
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 47% per year over the past 5 years. Shareholders have been substantially diluted in the past year (67% increase in shares outstanding). Revenue is less than US$1m (AU$4.6k revenue, or US$3.1k). Market cap is less than US$10m (AU$5.28m market cap, or US$3.55m). Minor Risk Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Ankündigung • May 31
Western Gold Resources Limited announced that it has received $0.5 million in funding Western Gold Resources Limited announced a private placement that it has issued Convertible Notes with a face value of $1 per note each convertible into ordinary fully paid shares in the Company for the gross proceeds of $500,000 on May 29, 2024. The interest rate of the note is 12% per annum. The conversion price is to be the lesser of a 20% discount to the 5 day Volume Weighted Average Price immediately preceding the date of issue of the conversion notice by the Noteholder or a 20% discount to the share-price achieved for a capital raising conducted during the term of the note. The Convertible Notes have a term the earlier of 12 months or the next capital raise. The transaction is subject to the approval of the shareholder. Ankündigung • May 30
Western Gold Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.5 million. Western Gold Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 16,666,667
Price\Range: AUD 0.03
Discount Per Security: AUD 0.0018
Transaction Features: Subsequent Direct Listing Board Change • Mar 12
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Non Executive Chairman Gary Lyons was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. New Risk • Nov 30
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 20% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.9m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 41% per year over the past 5 years. Shareholders have been substantially diluted in the past year (89% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$5.99m market cap, or US$3.95m). Ankündigung • Nov 24
Western Gold Resources Limited (ASX:WGR) completed the acquisition of Holmtjarn REE, Loberget Graphite and Rullbo Graphite Projects. Western Gold Resources Limited (ASX:WGR) entered into a conditional agreement to acquire the Holmtjarn REE, Loberget Graphite and Rullbo Graphite Projects in Sweden for AUD 1.4 million on August 21, 2023. As part of the agreement, WGR will pay a cash payment of AUD 75,000; the issue of 17,250,000 shares; the issue of 8,500,000 performance rights each convertible into 1 share on the achievement, within 2 years of grant, of an exploration target of, or greater than 30-60Mt at 0.8-1.2% total rare earths oxides in relation to the area the subject of the permits; or 30-60Mt at 5-10% total graphite content in relation to the area the subject of the permits; and the issue of 8,500,000 performance rights each convertible into 1 share on the achievement, within 2 years of grant, of a drill intersection on one of the permits of at least 15 meters @ 10% total graphite content or 15 meters @ 0.5% total rare earth oxides. The transaction is conditional upon legal, financial and technical due diligence by WGR on EFM and the Projects; WGR obtaining all requisite shareholder and regulatory approvals for the acquisition; grant of the three permit applications and completion of the capital raising.
Western Gold Resources Limited (ASX:WGR) completed the acquisition of Holmtjarn REE, Loberget Graphite and Rullbo Graphite Projects in Sweden on November 22, 2023. The transaction got the approval from shareholder and regulatory approvals for theacquisition and all conditions precedent including legal, financial, and technical due diligence has completed. New Risk • Oct 24
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 68% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.9m free cash flow). Earnings have declined by 41% per year over the past 5 years. Shareholders have been substantially diluted in the past year (68% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$4.23m market cap, or US$2.69m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). Ankündigung • Oct 12
Western Gold Resources Limited, Annual General Meeting, Nov 29, 2023 Western Gold Resources Limited, Annual General Meeting, Nov 29, 2023. Ankündigung • Sep 07
Western Gold Resources Limited, Annual General Meeting, Oct 09, 2023 Western Gold Resources Limited, Annual General Meeting, Oct 09, 2023, at 10:00 W. Australia Standard Time. Location: Level 3, 88 William Street, Perth Western WA Australia Agenda: To consider ratification of August Tranche 1 Placement Shares; to consider approval of August Tranche 2 Placement Shares; to consider approval to issue Acquisition Consideration Shares; to consider approval to issue Acquisition Consideration Performance Rights; to consider approval to issue Performance Rights to Warren Thorne; to consider approval to issue Performance Rights to Gary Lyons; to consider approval to issue Performance Rights to Teck Siong Wong; to consider approval to issue Performance Rights to Patrick Burke; to consider ratification of March Placement Shares; to consider approval to issue Shares to Gary Lyons; to consider approval to issue Shares to Teck Siong Wong ; and to consider approval to issue Shares to Patrick Burke. Ankündigung • Aug 22
Western Gold Resources Limited (ASX:WGR) entered into a conditional agreement to acquire the Holmtjarn REE, Loberget Graphite and Rullbo Graphite Projects in Sweden for AUD 1.4 million. Western Gold Resources Limited (ASX:WGR) entered into a conditional agreement to acquire the Holmtjarn REE, Loberget Graphite and Rullbo Graphite Projects in Sweden for AUD 1.4 million on August 21, 2023. As part of the agreement, WGR will pay a cash payment of AUD 75,000; the issue of 17,250,000 shares; the issue of 8,500,000 performance rights each convertible into 1 share on the achievement, within 2 years of grant, of an exploration target of, or greater than 30-60Mt at 0.8-1.2% total rare earths oxides in relation to the area the subject of the permits; or 30-60Mt at 5-10% total graphite content in relation to the area the subject of the permits; and the issue of 8,500,000 performance rights each convertible into 1 share on the achievement, within 2 years of grant, of a drill intersection on one of the permits of at least 15 meters @ 10% total graphite content or 15 meters @ 0.5% total rare earth oxides. The transaction is conditional upon legal, financial and technical due diligence by WGR on EFM and the Projects; WGR obtaining all requisite shareholder and regulatory approvals for the acquisition; grant of the three permit applications and completion of the capital raising. Board Change • Aug 08
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). MD & Executive Director Warren Thorne is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Ankündigung • Feb 04
Western Gold Resources Limited Announces Change in Company Secretary Western Gold Resources Limited announced that the Board has appointed Mr. Sonu Cheema as Company Secretary. Mr. Mark Pitts has provided the Company with his resignation as Company Secretary. Mr. Pitts was appointed to the role of Company Secretary on 30 August 2012. The Directors have invited Mr. Sonu Cheema to undertake the role of Company Secretary. Mr. Cheema is an Accountant and Company Secretary who has worked for mineral exploration companies with interests in Australia and abroad. He is a Partner in the corporate advisory firm Cicero Group providing company secretarial support along with corporate and compliance advice to a number of ASX listed public companies. Board Change • Jan 09
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). MD & Executive Director Warren Thorne is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Nov 28
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). MD & Executive Director Warren Thorne is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Ankündigung • Nov 05
Western Gold Resources Limited Commences of A RC Exploration Drilling Program At the Gold Duke Project Western Gold Resources announced the commencement of a RC exploration drilling program at the Gold Duke Project. Drilling at the Gold Duke Project is expected to take 2 weeks with first assay results due in mid-January 2022. Two prospects are planned to be drilled, Top Knot and Kingfisher North. Top Knot: The Top Knot prospect is located on the Joyner Find Shear Zone and contains numerous shallow historic shafts hosted within a package of intercalated ultramafic and chert rocks. The drilling will test co-incident targets previously generated from a Sub-Audio Magnetics (SAM) survey and soil geochemistry. A total of 17 holes are planned to target the intersection of NNE-trending faults and the JFSZ, interpretated to control mineralisation at the Top Knot prospect. North Kingfisher: The Kingfisher North prospect is concealed under the Proterozoic Finlayson Member, a fine-to medium-grained, well-bedded arenite, with thin conglomerate intervals. Thirty-five RC drillholes are planned testing interpreted intrusive and fault splays of the Brilliant and Joyners Shear Zones. The prospect has had no previous drilling. WGR believe the prospect is highly prospective for both Au and Au-Cu mineralisation with copper intersected in RC drilling at the Brilliant deposit to the south. The drilling at Kingfisher is co-funded by the WA Government EIS drilling grant of $118,500. Ankündigung • Oct 27
Western Gold Resources Limited, Annual General Meeting, Nov 24, 2022 Western Gold Resources Limited, Annual General Meeting, Nov 24, 2022, at 09:00 W. Australia Standard Time. Location: at the offices of Bennett Level 14, Westralia Square, 141 St Georges Terrace Perth Western Australia Australia Agenda: To receive and consider the financial report, Directors' report and Auditor's report of the Company for the year ended 30 June 2022, as contained in the Company's Annual Report; to consider Adoption of Remuneration Report; to consider Re-election of Director Mr Patrick Burke; to consider Approval of the issue of Equity Securities up to 10% of the Issued Capital; and to consider Amendment to the Constitution. Ankündigung • Oct 19
Western Gold Resources Limited Announces That It Is Commencing A Ground Based Mlem Survey Western Gold Resources Limited announced that it is commencing a ground based MLEM survey. The survey aims to delineate drilling targets associated with 2 nickel-platinum-palladium soil anomalies (Big Z's and Duran's) identified by the soil sampling program within the Joyners Find Greenstone Belt at WGR's Gold Duke project. The Joyners Find Greenstone Belt is located adjacent to the 2.7 Ga Agnew-Wiluna Greenstone Belt which contains numerous komatiite-hosted Ni-Cu-PGE deposits, including two of the worlds' largest known komatiite-hosted ore deposits at Mount Keith and Perseverance, for an inventory for the belt of >10 mt of contained Ni. WGR completed a program of UFF soil sampling over much of the interpreted mafic/ultramafic sequence in the central part of the tenement package on a 200 x25m grid, with infill 100m by 25m lines. The Big Z's and Duran targets are to be tested by MLEM survey consisting of 200x200m loops with 100m stations along lines that are 600m in length. Southern Geoscience Consultants are currently mobilizing to site and WGR expects results and interpretation in early December 2022. Ankündigung • Aug 25
Western Gold Resources Limited Receives the Final Assay Results from 77 Reverse Circulation ("RC") Drill Holes for 4,958M Recently Completed At the Gold King and Wren Prospects At Its Gold Duke Project Western Gold Resources Limited announced that it has received the final assay results from 77 reverse circulation ("RC") drill holes for 4,958m recently completed at the Gold King and Wren prospects at its Gold Duke project. The gold mineralisation at the Gold King and Wren deposits are hosted primarily within Banded Iron Formations (BIF), chert, and ultramafics units of the Joyner's Find Shear Zone (JFSZ) and dip vertically or steeply to the west. Much of the recent and historical drilling is on an azimuth of 90o inclined at -600 which is approximately perpendicular to the mineralisation. The Gold King prospect contains a JORC (2012) Indicated and Inferred Mineral Resource estimate of 580,000 tonnes at 1.9 g/t Au for 36,000 oz. Gold mineralisation is associated with quartz veining within hematite-goethite altered BIF and ultramafic talc-chlorite schists at the BIF-ultramafic contact. The drilling program at Gold King (M53/1018) was aimed infilling the previous 40x 20m patten of drilling conducted by various previous explorers (see Prospectus dated 18 May 2021). The highest-grade intercepts were within hematite-goethite altered BIF unit and are commonly repeated in the central and northern portions of the orebody. Mineralisation within the surrounding ultramafics is generally narrower (1-3m) and common along the BIF-ultramafic contacts. The intersection of higher grades of 6m @ 8.89 g/t Au from 56m, including 2m @ 18.48 g/t Au (WGRC0402) and 5m @ 3.95 g/t Au from 60m (including 1m @ 10.10 g/t Au (WGRC0421) suggests that higher-grade shoots within the orebody plunge steeply to the south. The Wren prospect contains a JORC (2012) Inferred Mineral Resource estimate of 110,000 tonnes at 2.4 g/t Au for 8,000 oz. The prospect consists of two historic shafts and several small pits. Gold mineralisation is hosted primarily within a north-trending quartzite unit with associated quartz and quartz- hematite veins that form both layer-parallel and cross-cutting vein networks. Locally, quartz- vein breccias with extensive rock wall hematite alteration are present. As part of WGR's regional exploration program, A WGR rock chip program identified a 700m long anomaly along a northerly trending ridge with Au assays up to 3.56g/t Au. A total of 13 RC drill holes for 1126 m were completed to test this the geochemical anomaly as well as previous drilling that included 3m at 33.75 g/t Au from 39m including 1 m at 96.00 g/t Au (CR136; see Prospectus dated 18 May 2021). Of particular interest is the shallow gold intercepts of 2m @ 2.40 g/t Au from 7m and 2m @ 3.26 g/t Au from 14m /(WGRC0385) hosted within ultramafic units indicating that the most northern holes were drilled to far to the east and mineralisation remains open to the north. The drilling results from Gold King confirm the strong continuity of mineralisation along strike and at depth and the potential of the JFSZ to host Au mineralisation. The Company is in the process of finalising its planning for exploration in the third and fourth quarter which involves: A targeted AC drill program over coincident structural-geochemical targets at the prospective Kingfisher North and the Brilliant North and Top Knot Prospects generated from UFF soil sampling programs and Sub-audio magnetic geophysical survey interpretation. Moving-loop ground EM survey of Ni targets identified from soil sampling Rehabilitation of 2021/2022 drill programs. Reconnaissance mapping of the newly granted E53/2202 that has potential for Au, Ni and Li-REE mineralisation. Ankündigung • Jul 29
Western Gold Resources Limited Announces Final Assay Results from 35 Reverse Circulation Drill Holes for 3,214M Recently Completed At the Brilliant and Brilliant North Prospects At Its Gold Duke Project Western Gold Resources Limited announced that it has received the final assay results from 35 reverse circulation drill holes for 3,214m recently completed at the Brilliant and Brilliant North prospects at its Gold Duke project. The gold mineralisation at the Brilliant and Brilliant North deposits are hosted within mafic and ultramafics units of the Brilliant Shear Zone (BSZ) and dip vertically or steeply to the west. Much of the recent and historical drilling is on an azimuth of 90o inclined at -600 which is approximately perpendicular to the mineralisation. The drilling program at Brilliant and Brilliant North (M53/1017) is WGR's first drilling program within the BSZ. Gold mineralisation occurs as quartz veins and lode gold in dolerite and ultramafic host rocks with associated carbonate-chlorite-sericite-fuchsite-scheelite alteration. The Brilliant and North Brilliant mines produced 7,850 tonnes @14.27 g/t in the 1920's. The drill program was aimed at understanding the controls of mineralisation given much of the historic drilling at the project consisted of Aircore and RAB drilling. A total of 35 RC drill holes for 3214 m were completed to test the BSZ at the Brilliant and Brilliant North prospects. Drilling infilled the pattern to a nominal 20 m north and 10 m east spacing, as well as testing northern and southern extensions to the known mineralisation. All significant intercepts include: 4m @ 4.25 g/t Au and 0.47% Cu from 111m (WGRC0350) 5m @ 5.85 g/t Au from 20m (including 1m @ 22.94 g/t Au) (WGRC0371) 7m @ 5.56 g/t Au from 63m (including 1m @ 10.32 g/t Au) (WGRC0373) 9m @ 4.37 g/t Au from 53m (WGRC0369) 9m @ 2.22 g/t Au from 26m (WGRC0368) 11m @ 1.82 g/t Au from 45m, (WGRC0370). At Brilliant North, drilling has returned encouraging results below and along strike of the historic shallow workings. The drilling defined numerous steeply dipping high-grade gold lodes and confirms the potential of the prospect that remains open to the north and south. Also, of significance are results from WGRC0350 that contained visible chalcopyrite, chrysocolla and azurite. High-grade results of 4m @ 4.25 g/t Au and 0.47% Cu from 111m supports WGR belief that the BSZ has significant exploration upside along its 5km strike length. The concealed Kingfisher North prospect lies 5km north of the Brilliant Project within the BSZ and is interpreted to be an Au-Cu intrusive target that will be drill tested in the third quarter of 2022 as part of a WA Government EIS Co-funded drilling grant of $118,500 (See ASX announcement 28 October 2021). WGR are currently finalizing approvals to test the BSZ north of Brilliant and at Kingfisher North prospects. Drilling at Brilliant defined drilling two mineralised zones within a package of sheared altered (carbonate-chlorite-sericite) ultramafics and hematite-altered BIF. The drilling supports historic RC and RAB drilling as well as defining broad footwall mineralisation below historic workings. The new drilling assisted in further understanding the controls of mineralization resulting in a significant change to the previous interpretation. Ankündigung • Jul 12
Western Gold Resources Limited Announces Nickel-Platinum-Palladium Anomalies Identified over Extensive 3.6Km Strike Western Gold Resources announced it has identified several new mafic intrusions hosting nickel-platinum-palladium (NI-PGE) targets over a 3.6km strike length (so far) at its Gold Duke Project, located west of Wiluna in WA. Exploration work (at surface) within the Gold Duke tenure has discovered highly prospective komatiite-hosted nickel sulphide mineralisation along with Platinum and Palladium anomalies over a 3.6km strike length. Multiple cohesive Nickel-Platinum-Palladium anomalies generated by the Ultrafines+TM soil sampling programme identified within the Gold Duke tenure. Geochemical signature indicates underlying mafic/ultramafic host lithologies and potentially higher-grade Ni-PGE mineralisation with similarities to BHP's Mt Keith Open Pit Nickel mine and the highly productive Agnew-Wiluna belt. The geochemical soil sampling program is part WGR's extensive collaboration with the CSIRO soil research initiative using Ultrafine+ analysis and interpretation where 1,104 samples were collected: Target A 500m x 125m anomaly with maximum values up to 939ppm Ni, 23ppb Pd, 13ppb Pt and 1,710 ppm Cr that remains open to the north. An interpreted north-west trending fault offsets Target A and Target B. Target B 800m x 125m anomaly with maximum values of 672ppm Ni, 13ppb Pd, 29ppb Pt and 1890ppm Cr. Target C 400m x 175m anomaly with maximum values of 435ppm Ni, 11ppb Pd, 11ppb Pt. The anomaly remains open to south. Target D - 800m x 125m anomaly with maximum values of 435ppm Ni, 17ppb Pd, 14ppb Pt and 1100ppm Cr. WGR will expedite an in-fill and extensional geochemical survey to follow up the highly encouraging first pass regional soil sampling results prior to an extensive geophysics campaign with targeted moving loop EM (MLEM) ahead of drilling. Ankündigung • Jul 05
Western Gold Resources Receives the Final Assay Results from 39 Reverse Circulation Drill Holes for 3,152M Recently Completed at the Eagle and Joyners Deposits At Its Gold Duke Project Western Gold Resources announced that it has received the final assay results from 39 reverse circulation drill holes for 3,152m recently completed at the Eagle and Joyners deposits at its Gold Duke project. The gold mineralisation at the Eagle and Joyners Find deposits are within the regional Joyners Find shear zone and hosted primarily within vertical to steep westerly dipping banded iron formation units ("BIF") hosted within highly weathered mafic and ultramafic rocks. At Joyners Find, gold is also hosted within a NW-trending quartz vein that was the focus of historical mining. Much of the recent and historical drilling is on an azimuth of 90o inclined at -600 which is approximately perpendicular to the mineralisation. A total of 34 RC drill holes for 2706 m were completed to test the eastern and western BIF units that host gold mineralisation at the Eagle deposit. Drilling infilled the pattern to a nominal 20 m north and 10 m east spacing, as well as testing northern and southern extensions to the known mineralisation. Drilling targeting the eastern BIF unit demonstrated the continuity of mineralisation to the north and south. Shallow intersects of 2m @ 6.93 g/t Au from 11m (WGRC0346) and 1m @ 12.32 g/t Au from 13m, 1m @ 1.23 g/t Au from 19m and 3m @ 1.10 g/t Au from 22m (WGRC0342) extend mineralisation a further 60m to the north which remains open. Deeper drilling to the south confirmed the southerly plunge of the high-grade shoot with exceptional results from 4m @ 17.28 g/t Au from 110m (WGRC0337) and 7m @ 2.23 g/t Au from 103m (WGRC0339). Drilling targeting the western BIF included infilling previous drilling on a 20x10m pattern to increase resource confidence. Drilling confirmed strong mineralisation results from infill drilling with 12m @ 1.79 g/t Au from 66m (WGRC0323) and 6m @ 3.24 g/t Au from 46m (WGRC0322) increasing WGR's confidence that the mineralisation system extends further south. WGR is currently awaiting approvals to test this area. A drilling program of 5 RC holes for 446m tested mineralisation hosted within both the northerly-trending BIF unit as well as the NNW-trending quartz vein. All significant intercepts are listed in and include: · 7m @ 2.33 g/t Au from 98m (WGRC0309) · 2m @ 5.33 g/t Au from 37m and 1m @ 2.45 from 45m (WGRC0308) · 1m @ 5.28 g/t Au from 47m (WGRC0313). Two drill holes, WGRC0308 and WGRC0309 \ targeted mineralisation associated with a NW trending quartz vein. Drilling intersected a broad zone of wall rock chlorite-talc alteration and quartz-sericite veining. The intersection 7m @ 2.33 g/t Au in WGRC 0309 is especially interesting and it suggests a wider zone of mineralisation below the historical workings. Three holes were drilled to test mineralisation within the western BIF unit with 1m @ 5.29 g/t Au from 47m (WGRC0313) the best intercept. The drilling results indicate that the high-grade shoots within the BIF plunge southerly and the current drilling missed the anticipated target. The drilling results from Eagle confirm the strong continuity of mineralisation along strike and at depth. The exploration team is currently field mapping the northern limb of the western BIF to determine possible extensions to the orebody. At Joyners Find the limited drilling program defined both the controls on mineralisation and demonstrated the potential of the orebody at depth. A follow-up program is planned to test these targets. The Company is in the process of finalising its planning for exploration in the third quarter. Exploration will include a targeted AC drill program over coincident structural-geochemical targets and at its Kingfisher, Brilliant North and Top Knot Prospects generated from UFF soil sampling programs and Sub-audio magnetic geophysical survey interpretation. Ankündigung • May 08
Western Gold Resources Provides Update on 2022 Exploration Drilling Program At Gold Duke Project Western Gold Resources provided an update on 2022 Exploration drilling program at Gold Duke Project, which commenced in early March. To date, 75 holes for 6414m across the Joyners Find, Eagle and Brilliant prospects have been completed and first assays from this drilling are expected in the second half of May. With all approvals already in place and an existing rig onsite, WGR have decided to extend their drilling program to explore to the highly prospective Wren and Gold King prospects. A further 77 holes for 4637m are planned to be drilled across both deposits. The Gold King prospect is approximately 800m south of Golden Monarch and is hosted in BIF units within the Joyners Find Shear Zone. The deposit has an Inferred JORC 2012 Mineral Resource estimate of 580,000t @ 1.9 g/t Au for 36,000 oz Au. The deposit has previously been tested on an approximate 40 m by 20 m spacing. Current drilling is planned to increase resource confidence as well as extend the deposit along strike and at depth. Significant intercepts previously advised include 6m @ 2.3 g/t Au from 34 m in JF006, 9m @ 3.0 g/t Au from 38 m in JF111, 11m @ 1.7 g/t Au from 47 m in JF177, 4m @ 3.8g/t Au from 33m in JF32, 5m @ 6.2 g/t Au from 33 m in JF243, 10m @ 4.6 g/t Au from 29 m in WGRC010, 11m @ 3.3 g/t Au from 39 m in WGRC022. The Wren prospect consists of a series of two historic shafts and several small pits. Two styles of mineralisation are observed: 1. Quartzite-hosted with associated quartz and quartz-hematite veins that form both layer-parallel and cross-cutting vein networks. Locally, quartz-vein breccias with extensive wall rock hematite alteration are present; and 2. South-east dipping (40o) 60-80cm wide quartz-carbonate veins that crosscut the quartzite and ultramafic units. These veins have been the focus of historic mining at the Wren Prospect. A WGR rock chip program identified a 700m long anomaly along a northerly trending ridge with Au assays up to 3.56g/t Au. The drilling is aimed as testing this anomaly as well as following up on eight RC drill holes previously drilled at Wren. Six of these are over a strike length of only 50m, with significant intercepts including: 3m at 33.75 g/t Au from 39m including 1 m at 96.00 g/t Au 4m at 2.61 g/t Au from 24m (CR141) 6m at 1.43 g/t Au from 32m (CR142) Mineralisation in the historical RC drill holes is open in all directions. The previous drilling was used to calculate a JORC 2012 Inferred Resource estimate of 110,000 tonnes at 2.4 g/t Au for 8,000 ounces. RC drilling will likely be completed over the coming month at the Wren and Gold King prospects with assays from these deposits anticipated to be received in July. A Mineral Resource Estimate update is currently being prepared for the Eagle, Emu, and Comedy King deposits and is expected to be released within 1H2022. Board Change • Apr 27
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). MD & Executive Director Warren Thorne is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Ankündigung • Apr 06
Western Gold Resources Limited Announces Visible Copper Discovered in RC Drilling At Brilliant Western Gold Resources Limited announced Visible Copper discovered in RC drilling at Brilliant. The Brilliant (M53/1017) drilling program is WGR's first drilling program within the Brilliant Shear Zone, host to the Brilliant and North Brilliant mines that produced 7,850 tonnes @14.27 g/t Au in the 1920's. Gold mineralisation occurs as quartz veins and lode gold in dolerite and ultramafic host rocks with associated carbonate-chlorite-sericite-fuchsite-scheelite alteration. A drilling program of 47 RC holes for 3456m will be focused on targeting steeply southerly-plunging gold shoots below underground workings at Brilliant and North Brilliant. Previous significant intercepts include: 4m @ 27.78 g/t Au from 112.9m (DDH08). 7m @ 14.74 g.t Au from 21m (CR100). 5m @ 2.23 g/t Au from 15m and 10m @ 2.82 g/t Au from 35m (C724). 5m @ 3.16 g/t Au from 10m (C246). 3m @ 8.68 g/t Au from 40m and 5m @ 1.64 g/t Au from 50m and 1m @ 1.83 g/t Au from 67 and 2m @ 5.90 g/t Au from 71m (CR047) Early indications from drillholes WGRC0348-350 suggest that a 10-12m wide shear zone hosts Cu-Au mineralisation. Within the saprolite zone, the zone is distinguished by goethite alteration, and the presence of muscovite and quartz veining. Within transitional bedrock the mineralised zone is characterised by biotite-carbonate alteration with visual estimates of 2-5% of Chalcopyrite, chrysocolla and azurite. Visual estimates are approximate only and accurate values will be reported once assay results are returned from the laboratory. First assay results from Brilliant are expected late May. Highlights: The drilling program at Brilliant (M53/1017) is WGR's first drilling program within the Brilliant Shear Zone. The Brilliant and North Brilliant mines produced 7,850 tonnes @14.27 g/t Au in the 1920's. WGR has completed three holes at the Brilliant prospect, with WGRC0350 intersecting visible copper oxide and sulphide mineralisation between 114-118m within transitional bedrock. Chalcopyrite, chrysocolla and azurite were highly visible in drill chips at the Brilliant prospect. Highly encouraged by this discovery, WGR will prioritise an exploration campaign to target Copper and find its source. Copper mineralisation proximal to the eastern granite contact and within the Brilliant Shear Zone provides significant exploration upside for Cu-Au mineralisation along its 5km of strike length. The three RC holes are a part of a 47 RC hole program for 3456m targeting steeply southerly-plunging gold shoots below underground workings at Brilliant and North Brilliant. Previous significant intercepts include: 4m @ 27.78 g/t Au from 112.9m (DDH08). 7m @ 14.74 g.t Au from 21m (CR100). 5m @ 2.23 g/t Au from 15m and 10m @ 2.82 g/t Au from 35m (C724). 5m @ 3.16 g/t Au from 10m (C246). 3m @ 8.68 g/t Au from 40m and 5m @ 1.64 g/t Au from 50m and 1m @ 1.83 g/t Au from 67 and 2m @ 5.90 g/t Au from 71m (CR047). Ankündigung • Mar 01
Western Gold Resources Limited Announces the Aggressive 20,000M Exploration Drilling Program At Gold Duke Project Western Gold Resources announced that the aggressive 20,000m Exploration drilling program at Gold Duke Project, that contains a combined Mineral Resource estimate JORC-2012 Mineral Resource estimate of 4,570,000 tonnes at 2.0 g/t Au for 293,000 oz Au is due to commence with all required regulatory approvals gained. The exploration team is finalising pad and track earthworks to allow for drilling to commence on the 10th of March 2022. Gold Duke Drilling Program: Drilling is due to recommence at the Gold Duke Project, 45km southeast of Wiluna in the northern goldfields (WA). Drilling will target mineralisation at Eagle (M53/1017 and M53/1018) and Joyners Find (M53/0971 and M53/0972) hosted within the Joyners Shear Zone. Drilling at the Gold Duke Project is expected to take 6 weeks with first assay results due in early May 2022. A Mineral Resource Estimate update is currently being prepared for the Eagle, Emu, and Comedy King deposits. Eagle drilling: A drilling program of 39 RC holes for 2866m is designed test the southern and northern extent of the eastern BIF unit and the southern extent of the western BIF unit. Drilling will target the southerly-plunging high-grade gold shoots hosted within a package of vertical to steep westerly dipping banded iron formation units (BIF) hosted, and highly weathered mafic and ultramafic rocks. Previous significant results to be followed up on by the drilling program include: 10m @ 6.97 g/t Au from 78m (including 2m @ 23.36 g/t Au) (WGRC0242); 6m @ 11.66 g/t Au from 58m (including 2m @ 7.04 g/t Au) (WGRC0299); 11m @ 3.33 g/t Au from 29m (including 1m @ 10.44 g/t Au) (WGRC0206); 5m @ 5.84 g/t Au from 12m (including 2m @ 12.81 g/t Au) (WGRC0200); 9m @ 4.61 g/t Au from 47m (WGRC0241). Infill drilling along the southern extent of the western BIF unit is aimed at delineating new high-grade ore shoots and extending the Eagle resource by approximately 200m. The Eagle deposit currently has an Indicated and Inferred Mineral Resource estimate of 790,000t @ 1.80 g/t for 45,000 ounces. Joyners Find Drilling: Joyners Find was discovered by prospectors in 1935 and produced to 1936 approximately 1,200 tonnes @ 16 g/t from a NNW-trending quartz vein. From 1938 to 1942 Linden (WA) Gold NL mined the deposit and treated 21,000 tonnes @ 9.00 g/t gold mined to a depth of approximately 72m. A drilling program of 5 RC holes for 418m will test the mineralisation hosted within both the northerly-trending BIF unit as well as the NNW-trending quartz vein previously mined. The drillholes also aim to test if the mineralisation is repeated within the NNW trending quartz vein to the north of the historic Joyners Find mine. WGR recently conducted a review of the geological database and determined a small number of drillholes had not previously been reported to the market. Significant intercepts from these holes include: 4m @ 18.45 g/t Au from 24m (including 2m @ 34.78 g/t Au) (JRC036); 5m @ 3.00 g/t Au from 58m (JRC037); 3m @ 22.01 g/t Au from 84m (JRC054). The above drillholes are included within the Inferred Mineral Resource estimate for Joyners Find of 90,000t @ 2.6 g/t Au for 7,000 ounces. Although these results have not been reported previously under JORC 2012, WGR has completed sufficient work to validate the results and is comfortable that the exploration data is reliable. Nothing has come to the attention of WGR that causes it to question the accuracy or reliability of the historic exploration results. Three RC holes from the planned drilling program are aimed to test and then report on this area. Brilliant Drilling: The drilling program at Brilliant (M53/1017) is WGR's first drilling program within the Brilliant Shear Zone, the Brilliant and North Brilliant mines produced 7,850 tonnes @14.27 g/t in the 1920's. The Brilliant deposit currently has an Inferred Mineral Resource estimate of 210,000t @ 3.1 g/t Au for 21,000 ounces. Ankündigung • Feb 17
Western Gold Resources Limited Announces an Update on Exploration Activities at the Gold Duke Project Western Gold Resources Limited announced an update on exploration activities at the Gold Duke Project, that contains a combined Mineral Resource estimate JORC-2012 Mineral Resource estimate of 4,570,000 tonnes at 2.0 g/t Au for 293,000 oz Au. Assays have been received from the ongoing Ultra Fine Fraction (UFF+) soil program being conducted over targets previously highlighted by the Sub-Audio Magnetics survey completed by WGR over the Joyners Find Shear Zone. WGR completed 426 UFF+ soil samples over the Wren project area with samples spaced 25m apart on lines 200m apart (25m x 200m). Samples were analysed using the UltraFine+ method (LabWest Minerals Analysis Pty Ltd, Malaga, WA) to fully assess the soil properties and relationships (to the geochemistry) to improve the chances of future discovery. The soil sampling program is part of WGR's industry partnership with the CSIRO `UltraFine+ research project. The project calls upon CSIRO's expertise to analyse the soil sample geochemical assay data and provide new data analytics and targeting for mineral exploration. The UFF+ data indicates that structural breaks which were interpreted from the gold contours and are also evident in contours for some of the other elements. These consist of: Structural cross-breaks trending 315o. Top Knot Shear trending 040o associated with the main gold anomaly. This shear parallels the western contact of one of the ultramafics. The major gold anomaly feature which follows the Top Knot Shear" is outlined by the 25 ppb contour. The anomaly is 1200m in strike length and is open off the sampling grid to the NE. The Au geochemistry highlights a clear extensive anomaly of 25-50m width which is well constrained. North of the Quail prospect, where previous rock chip results up to 1.59 g/t, including samples with visible gold, a 600m Au north-trending anomaly extends along a steeply west-dipping chert ridge. To the north of Wren, a series of NW-trending Au anomalies are interpreted to be structurally controlled by NW-trending faults. Ankündigung • Jan 20
Western Gold Resources Limited Announce Results of the Sub-Audio Magnetics Survey Completed over the Brilliant-Kingfisher Blocks at the Gold Duke Project Western Gold Resources Limited announced that results of the Sub-Audio Magnetics (SAM) survey completed over the Brilliant-Kingfisher blocks at the Gold Duke Project have provided valuable insights into the geological structures and potential controls of mineralization within the Brilliant shear zone (BSZ). The Gold Duke Project, located in the northern goldfields, 35km to the west of Wiluna, contains a combined Mineral Resource estimate JORC-2012 Mineral Resource estimate of 4,570,000 tons at 2.0 g/t Au for 293,000 oz Au. The SAM survey at the Brilliant-Kingfisher block is two of three blocks surveyed at the Gold Duke Project and covers the northern section of the Brilliant Shear Zone (BSZ), host to the Brilliant and Bottom camp Mineral Resources and the Kingfisher prospect. Previous interpretation of the SAM survey over the Wren Block that covers 3km strike length of the Joyners Find Shear Zone identified 10 new gold targets. Planning for Exploration based on these targets is well advanced. The BSZ is interpreted to extend over a strike length of 16 km and is 0.5 km wide containing sheared mafic and ultramafic units with occasional intrusions of differentiated dolerite sills and quartz-feldspar porphyry dykes. Mineralization within ultramafic host rocks is coincident with less frequent brittle-ductile mineralization that occurs as quartz veins and stockwork within dolerite, gabbro, and felsic porphyry intrusions. The historic North Brilliant Mine located on the southern limit of the survey area produced 5,265t @ 17.4 g/t for 2,955 oz. The completed SAM survey has identified nine high-priority targets producing three datasets; TMI (magnetics), MMC (magneto-metric conductivity) and TFEM (Total Field Electromagnetics). TMI data is measured passively as a function of the Earth's magnetic field distorted by magnetic minerals in the rocks, MMC data is measured while current is flowing through the ground, and TFEM are measured as that current is switched off and there is a decay of potential. The SAM survey has successfully delineated structural trends which correlate with previously identified mineralization/anomalism and provide follow-up targets for soil sampling and follow- up shallow drill testing. At present, WGR plans to test four targets in Q2, three targets north of the Brilliant mine and one target at the Kingfisher North area. The concealed Kingfisher North Au-Cu target is part of an WA Government EIS Co-funded drilling grant of $118,500. Ankündigung • Jan 12
Western Gold Resources Limited Receives the Final Assay Results from 68-Reverse Circulation At the Eagle and Comedy King Deposit and the Blob Prospects At its Gold Duke Project Western Gold Resources Limited announced that it has received the final assay results from 68-reverse circulation ("RC") drill holes for 4,428m recently completed at the Eagle and Comedy King deposit and the Blob prospects at its Gold Duke project. The Gold Duke Project contains a combined JORC-2012 Mineral Resource estimate of 4,570,000 tonnes at 2.0 g/t Au for 293,000 oz Au and the project is located approximately 40km southwest of Wiluna. The gold mineralisation at the Eagle and Comedy King deposits is within the regional Joyners Find shear zone and is hosted within vertical to steep westerly dipping banded iron formation units ("BIF") hosted within highly weathered mafic and ultramafic rocks. At the Blob prospect mineralisation is interpreted to be related to NE-trending quartz veins. All the recent and most of the historical drilling is on an azimuth of 0900 inclined at -60 which is approximately perpendicular to the mineralisation. The Eagle prospect contains a JORC (2012) Indicated and Inferred Mineral Resource estimate of 790,000 tonnes at 1.8 g/t Au for 45,000 oz. A total of 22 RC drill holes for 1324m were recently completed to test the southern extension of the eastern lode and northern extensions of the western lode. 6m @ 11.66 g/t Au from 58m (including 2m @ 27.04 g/t Au) (WGRC0299); 6m @ 4.38 g/t Au from 84m (WGRC0303); 5m @ 3.03 g/t Au from 64m (WGRC0302); 4m @ 3.40 g/t Au from 49m (WGRC0296). Drilling of the eastern lode tested the southerly strike extension of a hematite-goethite altered BIF unit. WGR drilled below historic AC drilling (that intersected no significant gold mineralisation) to test the southerly plunge of the mineralisation intersected in previous WGR drilling to the north. The drilling intersected a southerly plunging high-grade shoot and extends the strike length of the eastern lode mineralisation by 100m. The high-grade intercept in WGRC0299 which includes 6m @ 11.66g/t Au from 58m, including 2m @ 27.04 g/t Au demonstrates the presence of extremely high-grade lodes within the deposit. This southern lode continues to be open to the south and at depth and infill and extensional drilling is planned. Drilling on the northern extension of the western lode intercepted numerous thinner hematite- goethite altered BIF units, interpreted to be a repetition of stratigraphy caused by tight upright isoclinal folding. Further drilling is planned further north on the Western lode once further field mapping and structural analysis is completed. The Comedy King deposit contains a JORC (2012) Inferred Mineral Resource estimate of 260,000 tonnes at 1.5 g/t Au for 12,000 oz. A total of 37 RC drill holes for 2360m were drilled to test 1300m of strike to the north and south of the historic Comedy King shaft. Drilling targeted hematite-goethite altered BIF as well as silicified ultramafics with extensive quartz veining. 2m @ 7.63 g/t Au from 44m (including 1m @ 14.05 g/t Au) (WGRC0237); 2m @ 1.85 g/t Au from 17m and 1m @ 3.85g/t Au from 24m (WGRC0226); 3m @ 1.12 g/t Au from 5m (WGRC0231). The high-grade intercept in WGRC0237 drilled under the historic Comedy King shaft to target the southern plunge of the ore shoot intersected 2m @ 7.63 g/t Au from 44m (including 1m @ 14.05 g/t Au) hosted within brecciated chert and hematite-goethite altered BIF. Further drilling aimed to intersect the quartz-hosted gold mineralisation to the north and south of the shaft failed to intersect significant mineralisation suggesting that mineralisation may plunge steeper to the southwest than previously expected. Exploration RC drilling on 80m spaced lines to the south of the Comedy King intersected narrow high-grade intercepts within hematite-goethite altered BIF. Downhole televiewer data collected from the drilling and field mapping will be used for a structural review of the drill hole to assess further targets and will form part of planning for the aggressive 22,000m drill program. A total of 9 RC drill holes for 744 m were drilled at the Blob prospect to test a 300 x 150m soil geochemical anomaly with a peak of 130ppb. An east-west line of drilling intersected a sequence of predominantly ultramafics with minor BIF and chert. WGRC0277 intersected 1m @ 1.39g/t (43-44m) within sheared ultramafics. No further work is planned at the prospect at this stage with the exploration budget directed towards higher priority targets. Ankündigung • Sep 09
Western Gold Resources Limited Provides Drilling Update At Gold Duke Project Western Gold Resources provided this exploration drilling progress update which commenced on 24 August 2021 at Gold Duke Project. The Project contains a combined Mineral Resource estimate JORC-2012 Mineral Resource estimate of 4,570,000 tonnes at 2.0 g/t Au for 293,000 oz Au. Drilling is progressing very well, to date over 61 holes have been drilled at the Emu to Eagle and Comedy prospects for approximately 3600m of RC drilling. A total of 6000m of RC drilling are planned at the Eagle to Emu and Comedy King prospects. RC drilling has been completed between the Emu and Eagle prospects together with the northern and southern extensions of the Eagle deposit where WGRC0174 intersected high grade mineralisation, including 7m @ 15.16 g/t Au from 48m (including 2m @ 48.95 g/t Au). Alteration similar to the previously intersected mineralisation has been seen in many of the holes associated with hematite-goethite alterated Banded Iron Formation (BIF) with zones of quartz veining. Lines to the north of Eagle suggest that the mineralisation may be open along the eastern BIF limb. Drilling to the south of the historic Comedy King shaft has intersected alteration similar to the hematite-goethite mineralisation intersected previously together with silicified ultramafics and extensive quartz veining. To the south of the project area, the intersection of an interpreted dolerite dyke within one section of drill holes, may indicate a different structural and stratigraphic of the alteration, than is observed in the north of the project area. With drilling continuing and expected to be completed mid September, WGR has dispatched initial assay samples to the lab. Assay results are expected in mid-October. Additionally, a Sub-Audio Magnetics (SAM) survey over 7.7km of Brilliant and Joyners shear zones is completed and interpretation of the survey being undertaken. Drilling is planned to commence on a number of the identified targets as soon as possible, subject to regulatory approvals. Ankündigung • Jul 22
Western Gold Resources Limited has completed an IPO in the amount of AUD 7 million. Western Gold Resources Limited has completed an IPO in the amount of AUD 7 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 35,000,000
Price\Range: AUD 0.2 