82km Drilled, $9M Spent: Westgold’s Q4 Delivers 2.3Moz Resource Boost at Beta Hunt

Exploration Momentum Builds

Westgold Resources Limited has closed FY25 on a high note, delivering a maiden Mineral Resource Estimate (MRE) of 2.3 million ounces of gold from the Fletcher zone at its Beta Hunt mine. This milestone was achieved after an intensive drilling campaign totaling 82 kilometres in the June quarter alone, supported by a $9 million investment in resource development and exploration.

The Fletcher zone’s maiden resource notably doubles the mid-point of the company’s earlier Stage 1 exploration target, underscoring the zone’s significant potential. Located within the Hunt Block at Beta Hunt, Fletcher is interpreted as a parallel structural analogue to the prolific Western Flanks and A Zone deposits, positioning it as a third major mineralised shear system within the area.

High-Grade Intercepts Across Portfolio

Beyond Beta Hunt, Westgold’s drilling success extended across its broader portfolio. At the Starlight mine in the Murchison region, the Nightfall and Starlight lodes continued to deliver impressive high-grade intercepts, including standout results such as 4.43 metres at 264.37 grams per tonne gold and 10 metres at 26.42 grams per tonne.

Similarly, the emerging Polar Star lode at the Bluebird - South Junction mine yielded exceptional grades, with a highlight intercept of 3.03 metres at 157.10 grams per tonne gold. The Great Fingall mine also demonstrated promising potential with multiple intercepts exceeding 7 metres at grades above 6 grams per tonne, including a 15.96-metre intercept at 23.17 grams per tonne from the Sovereign discovery.

Sustained Investment and Operational Activity

Westgold’s exploration efforts were supported by a robust operational footprint, with 16 underground and 2 surface drill rigs active at quarter-end. The company’s FY25 exploration and resource development expenditure reached $43 million, reflecting a sustained commitment to extending mine life and unlocking value across its assets in Western Australia’s prolific goldfields.

Greenfields exploration programs also progressed, with drilling campaigns underway at Fortnum’s Labouchere prospect, Peak Hill’s Murphy Creek, and Reedy’s Triton – Rand Gap targets. While assay results from these programs remain pending, early indications are encouraging, setting the stage for further resource growth in FY26.

Strategic Outlook

Westgold’s Managing Director and CEO Wayne Bramwell emphasised the company’s confidence in its portfolio, highlighting the strong drill results and maiden resource as validation of the untapped value within its existing mineral resource base. Looking ahead, Westgold plans to build on its FY25 investment by continuing to extend mine lives, test emerging exploration targets, and unlock further value across its operations.