The growth of Ore Reserves and Mineral Resources has been achieved through a combination of drilling activities and mergers. Westgold Resources Limited (ASX: WGX) (TSX: WGX) (OTCQX: WGXRF), based in Perth, Western Australia, is pleased to announce its updated Mineral Resource Estimate and Ore Reserve Statement as of June 30, 2024.
According to the recent report, the company’s Total Measured and Indicated Resources stand at 116Mt with an average grade of 2.19g/t Au, amounting to 8.1 Moz of gold. The Total Inferred Resources are reported at 63Mt with an average grade of 2.47g/t Au, totaling 5.0 Moz of gold. Additionally, the Total Ore Reserves are recorded at 50Mt with an average grade of 2.05g/t Au, representing 3.3Moz of gold.
This significant growth in Mineral Resources and Ore Reserves showcases the ongoing commitment of Westgold Resources Limited to sustainable mining practices and resource development. The company’s dedication to exploration and expansion has resulted in positive outcomes for its operational projects, contributing to the overall success of the organization.
