Westgold, an emerging Developer & Producer

Westgold Resources (ASX: WGR) has established the strong platform to build Australia’s next mid-tier Gold producer targeting production of 200,000 ounces per annum. This will be sourced from two main production centres located within two geological provinces which have historical combined production in excess of 10 Million ounces of gold.

The key projects are the Rover 1 Gold-Copper Project in the Northern Territory and the Central Murchison Gold Project (CMGP) in Western Australia which contain a 3.92 Million ounce gold equivalent resource base in aggregate. Both projects hold significant underlying exploration potential which will see the company well positioned to advance to production and build a project pipeline leveraging shareholder value from long life projects with established infrastructure.

The Company is currently undertaking a Definitive Feasibility Study (DFS) at the Central Murchison Gold project which is based around a development strategy which will see the redevelopment of this prolific goldfield which has produced in excess of 5 million ounces historically, and contains a further 2.7M oz of Identified Mineral Resource (JORC).  The company is also finalising studies to gain approval to develop a decline access to the Rover 1 deposit. This will enable more detailed drilling and sampling of the high grade iron-oxide-copper-gold lode system and the infill drilling of deeper parts of the ore system.