Quote from Quartely, ..
AngloGold Clawback Rights
The Company is in on-going negotiations with AngloGold relating to the Clawback Option AngloGold holds over the Rover Project tenements and in particular the Rover 1 deposit.
The two main issues of dispute are:
The timing of AngloGolds final election date on the Rover 1 Area of Interest
The inclusion of EL24989 within AngloGolds Area of Interest notification.
In the meantime, Westgold would like to re-confirm that to date AngloGold has not chosen to exercise the Clawback Option on the Rover 1 - Area of Interest, however the Option still remains open to AngloGold.
Additionally, all drilling and Scoping/Pre-feasibility study programmes are advancing as planned in the knowledge that should AngloGold elect to clawback then all this expenditure is included in the 3 times payment required to enter the option and be free carried (25%) to the completion of a feasibility study. Should AngloGold not make the election then Westgold is well positioned to advance the development of the Rover 1 deposit retaining 100% ownership.
From a recent Speech by MD I was of the opinion the $ spent were in the vicinity of 36-60mill X3. If not correct, you are welcome to correct me. viz. $120 to >$150 million
DYor GL.
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WGR
western gold resources limited.
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Last
9.0¢ |
Change
-0.005(5.26%) |
Mkt cap ! $20.70M |
Open | High | Low | Value | Volume |
9.1¢ | 9.1¢ | 9.0¢ | $18.41K | 202.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6596 | 9.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.6¢ | 93903 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6596 | 0.090 |
2 | 212725 | 0.089 |
1 | 48535 | 0.088 |
4 | 237000 | 0.087 |
2 | 61630 | 0.086 |
Price($) | Vol. | No. |
---|---|---|
0.096 | 93903 | 1 |
0.097 | 68386 | 1 |
0.098 | 50000 | 1 |
0.105 | 50000 | 1 |
0.110 | 186362 | 3 |
Last trade - 13.40pm 13/08/2025 (20 minute delay) ? |
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WGR (ASX) Chart |