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Westgold Resources Ltd.
Summary
| Project: | Meekatharra | |
|---|---|---|
| Deposit: | Meekatharra | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/2/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 2-10-2018: Westgold Resources Ltd. announces a Resource Estimation report for its Meekatharra deposit at the Meekatharra project. Amended previous announcement due to rounding error. Westgold Resources Limited – Amended Announcement Westgold Resources Lim | |
| Resources: | (Reserve, P+P): 5.667Mt @ 2.52g/t Au for 459Koz Au contained | |
| CP/QP: | [Resources]: Jake Russell (Internal) | |
| ABSTRACT: | Westgold Resources Limited – Amended Announcement Westgold Resources Limited (ASX:WGX) (Westgold) released an announcement to the ASX on 1 October 2018 entitled “2018 Annual Update of Mineral Resources & Ore Reserves” (the Announcement). Westgold has identified that two tables on pages 6 and 7 of the Announcement contained incorrectly rounded numbers for the Meekatharra Gold Operations Mineral Resource. An amended announcement is attached. Westgold’s gold production for the year was 253,210 ounces. Even after the sale of SKO, Westgold’s exploration and resource development programs replaced the mining depletion of the overall Mineral Resource to maintain the overall inventory. In addition, the Mineral Resource estimates at the the groups Tennant Creek polymetallic assets in the Northern Territory remain unchanged and contain substantial undeveloped opportunities. Westgold’s Managing Director, Peter Cook said: “The 2018 Financial Year has been transformational for Westgold. The sale of our shortest life asset at SKO and the acquisition and integration of specialist underground contractor, Australian Contract Mining, have been key features. Westgold made significant capital investment in all its business sectors which has estabished an excellent platform for the growth of our gold assets and the further creation of shareholder wealth. Our operational and mine planning teams have focused on the longevity of our business with continued Ore Reserve definition. The Ore Reserve has grown faster than production of the past year. This is a significant achievement with the complete removal of SKO. As an organisation we look forward to bringing these high-quality ore reserves to account in Financial Year 2019 and beyond.” Details of all identified Mineral Resource and Ore Reserve estimates are detailed in the attach | |
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