Western Gold Resources Ltd.
AASX:WGR0.07
AUD
0.00
(0.00%)
Western Gold Resources Ltd.
ASX:WGR
(Australian Securities Exchange)
Recent
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0.07
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div
yld
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ROIC.AI
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- Western Gold Resources Limited Western Gold Resources Limited (ASX:WGR) is an Australia-based gold exploration company focused on advancing mineral projects toward production. The company holds 100% interest in the Gold Duke Project, a brownfield gold asset covering 85.8 square kilometers in the Wiluna region of Western Australia's Northern Goldfields, approximately 35-45 kilometers southwest of Wiluna and adjacent to the prolific Norseman-Wiluna Belt; it also maintains interests in the Wiluna West Gold Project, Sandstone Project, Northern Territory projects, and select assets in Sweden including lithium, caesium, tantalum, graphite, and rare earths prospects. Exploration activities target gold deposits with a JORC 2012 Mineral Resource of 293,000 ounces at 2.0 g/t Au across the Joyners Find Greenstone Belt, supported by recent metallurgical testwork demonstrating up to 95.1% gold recoveries in oxide ore via conventional carbon-in-leach processing. The company was founded in 2009 and is headquartered in West Perth, Western Australia. Recent developments include expanded approval of the Mining Proposal and Mine Closure Plan for all four open pits at Gold Duke in November 2024, enabling stage 1 mining operations; a positive scoping study released in September 2024 outlining a production target of 34,000 ounces with a 617% internal rate of return at A$3,500 per ounce gold; a binding toll milling agreement with Wiluna Mining Corporation in June 2025 to fast-track production; a A$3 million secured non-converting loan facility from high-net-worth investors in August 2025 to fund grade control and infill drilling; divestment of four Swedish properties in August 2024 for CAD$180,000 cash while retaining a 2% net smelter return royalty; a A$720,000 share placement in January 2025 at a 28% premium to recent trading; issuance of performance rights and options to executives; and leadership changes with Cullum Winn appointed managing director in December 2024.