WGX westgold resources limited.

Ann: Exploration Update, page-2

  1. 12,580 Posts.
    lightbulb Created with Sketch. 8223
    Super exciting! (though... I can understand the market will be uninterested initially).
    A mid Tier producer that is finally letting its Geo team have a proper crack at its plethora of drill targets (well... ever expanding set of drill targets).
    I say this, because... unlike say SLR and GOR, who have had to look elsewhere instead of focusing on their current assets, they have simply bought/bought into other assets. I am hard pressed to come up with another producer that has such a rich set of tenements.... maybe PNR? WGX has so many old open pits that were never drilled deeply, let alone the potential for 'blind discovery's' like Golden Crown.

    WGX had already planned to have an active FY24 drill program, but it looks set to be expanded with the hunt for another Fingall (though I think the economic size of any discovery would be far less than 1.2m ounces! ha).

    In the immediate term, the possible Soveriegn reef is the best way for WGX to potentially increase production in the near term (12 months or less, versus new discoveries that would require separate development scenarios). Interesting to note that they expect to be drilling the Sovereign prospect this quarter....
    Would love to get an update on the Great Fingall decline, but... I guess the quarterly is not far off, so it will hopefully answer most questions.

    https://hotcopper.com.au/data/attachments/5887/5887270-c5d2f624f813c4bce5b3957cb3589519.jpg

    Would not take many ounces to make a difference to WGX profitability.

    https://hotcopper.com.au/data/attachments/5887/5887276-00ac110a8fd7bd2366094faca23ae7cf.jpg

    Now... we wait to see what the near term exploration program finds, plus hopefully see WGX continue to generate solid profits.
    Nice to see POG in AUD getting close to $3100 again.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
$2.79
Change
-0.060(2.11%)
Mkt cap ! $2.631B
Open High Low Value Volume
$2.80 $2.83 $2.76 $10.45M 3.743M

Buyers (Bids)

No. Vol. Price($)
8 58349 $2.78
 

Sellers (Offers)

Price($) Vol. No.
$2.79 84235 2
View Market Depth
Last trade - 16.11pm 16/07/2025 (20 minute delay) ?
WGX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.