As previously announced, Westgold has reenergised its exploration team and is committed to a systematic yet aggressive organic exploration effort across its extensive and highly prospective Murchison tenure portfolios.
Westgold's Executive Director,
Exploration and Growth Strategy
With increasing operational momentum across the Westgold operations at Cue ('CGO'), Meekatharra ('MGO') and Fortnum ('FGO') the Company can now accelerate its broader regional growth strategy. With the
Based on these recognised opportunities, earlier this year the Company commenced strengthening its E&G Team with the addition of a number of technical specialists and an experienced
The aim being to accelerate Westgold's growth aspirations and define the next suite of deposits to support a production profile +300,000 oz pa. The exploration team has been backed with an initial FY2021 budget of
Exploration Targeting
Organic growth through exploration of the large Westgold Murchison tenement portfolio (1,300km2) is the priority focus for the new E&G Team. Westgold's previous focus has been on resource definition activities within and immediately adjacent to historically mined deposits, and as such, a new multidisciplinary and multiyear dedicated exploration approach was required to unlock the recognised potential outside of these near-mine areas. With the new team assembled, work to date has focussed on the compilation of available historic exploration data, assessing its effectiveness, and identifying new target opportunities.
Looking Forward
With operational momentum building and new mines such as Fender coming on-stream, the Company looks forward to accelerating exploration and growth activities to feed the broader Company project pipeline.
Contact:
Tel: +61 8 9462 3400
Email: wayne.bramwell@westgold.com.au
Web: www.westgold.com.au
FORWARD LOOKING STATEMENTS
Certain statements in this report relate to the future, including forward looking statements relating to Westgold's financial position and strategy. These forward-looking statements involve known and unknown risks, uncertainties, assumptions and other important factorsthat could cause the actual results, performance or achievements of Westgold to be materially different from future results, performance or achievements expressed or implied by such statements. Actual events or results may differ materially from the events or results expressed or implied in any forward-looking statement and deviations are both normal and to be expected.
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