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Westgold Resources ( (AU:WGX) ) has shared an update.
Westgold Resources Limited has announced significant updates on its drilling activities at the Beta Hunt mine in Kambalda, Western Australia, specifically in the Fletcher and Mason zones. The company reported impressive drilling results from the Fletcher Zone and plans to commence drilling at the Mason Zone in the fourth quarter of fiscal year 2025. These activities are part of Westgold’s strategy to enhance its mining operations and maximize cash flow by exploring and expanding its resource base. The combined strike length of the Fletcher and Mason zones is now interpreted to be approximately 4 kilometers, indicating potential growth in ore production. A maiden mineral resource estimate for Fletcher is expected to be released later in the fiscal year.
More about Westgold Resources
Westgold Resources Limited is a mining company operating in the gold industry, focusing on resource development and exploration projects, particularly in Western Australia.
YTD Price Performance: -16.64%
Average Trading Volume: 79,842
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.52B
For detailed information about WGX stock, go to TipRanks’ Stock Analysis page.
