Ann: Westgold Strategic Alliance and Placement, page-10

Well done to WGX and OAU.
So pleasing to see real progress (rational decisions being made with clearly align with all stakeholders) will be made to get Crown into production ASAP.

It's a win/win (though yes I am biased), as it will hopefully speed up Crown development, but also ensure OAU can increase its exploration programs (infill/extensions at Crown, but also at other targets), which if I can blunt, have been fairly small (but that is fair as they did not have a lot of funding).

I assume the next agreement will be terms to actually mine Crown, with perhaps some sort of upfront payment by WGX to fund (or internal debt) first production. Hopefully further drilling will quickly delineate a reserve for Crown. As hopefully it can be brought into production in CY25.


@plough - I guess things are a bit clearer now for OAU, I assume WGX want the open pit ounces as early as possible, as their Bluebird Mill is running at 1.4mtpa, versus the maximum 2.2mtpa with the right mix of ore.

Good luck to all holders.