ASX:WGXMetals and Mining
Why Westgold Resources (ASX:WGX) Is Up 7.0% After Upgrading Fletcher Ore Reserves And Mine Inventory
Westgold Resources Limited has reported a maiden Ore Reserve of 13.5Mt at 2.6g/t Au for 1.1Moz and an updated 3.0Moz Mineral Resource at the Fletcher deposit, materially enlarging the Beta Hunt mine inventory and supporting ongoing mine planning and feasibility work.
An interesting feature of this update is that a very large portion of Fletcher’s upgraded Indicated Resource has converted into Ore Reserves, reshaping Westgold’s Higginsville expansion options and prompting a reassessment of...