WGX westgold resources limited.

Ann: Beta Hunt Drilling Update, page-5

  1. 12,531 Posts.
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    Some great hits. Lots of rigs on the go, but a lot of work still to be done to get Beta Hunt up to where WGX has hoped it would be.

    https://hotcopper.com.au/data/attachments/6820/6820005-d981ea389daeaeb98e9df05347362dd1.jpg

    There is a lot of gold at Beta hunt, plain and simple. Going to take a fair bit of capex to get it to achieve above 200k p.a, but it will eventually happen.
    I guess any Mason MRE is still a way off (perhaps Dec Quarter 2025).

    https://hotcopper.com.au/data/attachments/6820/6820008-f736af5d12a8956dfc69a414d4a23505.jpg
    Looks like we will get an updated MRE for Fletcher in late June. Until then, WGX just needs to become more profitable and pay down all that trade receivables it's built up.
 
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