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    Home»Mining & Resources»Westgold Announces Initial South Junction Ore Reserve – Revised
    Mining & Resources

    Westgold Announces Initial South Junction Ore Reserve – Revised

    Alexander LeeBy Alexander LeeAugust 19, 2024Updated:August 19, 2024No Comments1 Min Read
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    Westgold Resources Limited (ASX: WGX) (TSX: WGX) (OTCQX: WGXRF) has announced the expansion of its Bluebird – South Junction mining complex, with the South Junction mine becoming the primary ore source for the Bluebird processing hub in Meekatharra. The company aims to achieve a 1.2Mtpa run rate from Q3, FY25.

    The maiden Ore Reserve for the South Junction mine has been presented by Westgold, marking a significant milestone in the development of the mining complex. The South Junction mine is set to play a crucial role in supplying ore for processing at the Bluebird hub.

    Recent drilling activities at South Junction have revealed visible gold, indicating the presence of valuable mineral resources. The scale and quality of the Mineral Resource Estimate (MRE) at South Junction have shown substantial growth and improvement between interim assessments and August 2024.

    The expansion of the Bluebird – South Junction complex is expected to enhance Westgold’s overall production capacity and strengthen its position in the mining industry. The company continues to focus on sustainable and efficient mining practices to maximize value for its stakeholders.

    Westgold Resources Limited
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    Alexander Lee
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    Alexander is the founder and author of Microcaps.ca, a leading resource for investors interested in the micro-cap stock market. With a passion for uncovering hidden gems in the world of small-cap stocks, Alexander combines in-depth research with years of experience in the financial markets to provide readers with valuable insights and timely analysis. Investors should conduct their own research or consult with a qualified investment advisor before making any investment decisions. The author of this article is not responsible for any gains or losses incurred from investing in companies mentioned.

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