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Highlights
- Westgold outlines major gold resource expansion at Beta Hunt
- Fletcher Zone contributes significantly to future mine potential
- Strategic drilling and studies underway to enhance scale and value
Westgold Resources (ASX:WGX) has delivered a major boost to its Beta Hunt Mine in Western Australia, unveiling a maiden resource estimate for the newly identified Fletcher Zone. This development marks a pivotal step in Westgold's long-term expansion strategy across its gold assets.
The Fletcher Zone, located within the Beta Hunt project, now holds a resource of 31 million tonnes at 2.3 grams per tonne (g/t) of gold, equating to 2.3 million ounces. This milestone effectively doubles the Beta Hunt gold resource from its previous September 2024 estimate of 30.58 million tonnes at 2.69g/t for 200,647 ounces. This growth adds substantial value to Westgold’s existing portfolio.
Westgold’s current mine plan already projects more than a decade of operational life at Beta Hunt—excluding any contribution from the Fletcher Zone. The company is actively increasing production at the Western Flanks and A Zone areas, and the integration of Fletcher presents the opportunity to scale operations even further.
Chief Executive Wayne Bramwell noted that this achievement is “just the first step” of what is expected to be a multi-decade journey for Fletcher. As a transformational component of the mine plan, Fletcher could redefine production dynamics at Beta Hunt in the years ahead.
Westgold, with a market capitalisation of $2.76 billion, is actively advancing exploration. Stage one drilling is in progress to upgrade the current resource, with a maiden ore reserve anticipated in FY2026. Parallel efforts are also focused on stage two, targeting the northern kilometre of Fletcher, with drilling set to commence in the first half of FY2026.
In addition to gold, Westgold is leveraging legacy data from historical nickel-focused drilling conducted by Western Mining Corporation. Some of these drill holes intersected the Mason Zone and are now being reassessed for untapped gold potential.
A scoping-level study is underway to optimise the value extraction strategy for Fletcher. This study will consider the broader impact of resource scaling on infrastructure, throughput capacity, and long-term production planning.
As a key player among ASX200-listed companies, Westgold’s evolving strategy and expanded resource base reinforce its standing in Australia's gold sector. The addition of Fletcher not only enhances the company's growth outlook but also supports its goal of delivering long-term value through sustainable mining operations in Western Australia.
