Westar Faces Funding Hurdles Despite Strategic Exploration Advances
Westar Resources reported significant progress in its December 2025 quarterly activities, including new tenement grants and advanced data acquisition at key gold and copper projects. The company also completed a partial capital raise, positioning itself for further exploration.
- Grant of EL34118 tenement in Northern Territory’s Birrindudu Basin
- Regolith-landform modelling and LiDAR data acquisition at Jerrys Bore
- New exploration licence application lodged at Mount Strawbridge
- Voluntary surrender of three Gidgee North tenements after review
- Partial capital raise completed, cash position at $1.1 million
Exploration Progress Across Multiple Frontiers
Westar Resources Limited (ASX, WSR) has delivered a steady stream of exploration updates for the December 2025 quarter, reflecting a methodical approach to advancing its portfolio of gold and copper projects. The company’s activities span Western Australia’s Murchison and NE Goldfields regions, as well as the frontier Birrindudu Basin in the Northern Territory.
One of the quarter’s highlights was the granting of Exploration Licence EL34118 at Bunda Creek in the Birrindudu Basin. This region is emerging as a promising copper province, supported by recent geological studies indicating the presence of sediment-hosted copper systems. Westar’s reprocessing of public aeromagnetic and electromagnetic data aims to refine structural interpretations and guide future exploration efforts.
Innovative Data Acquisition at Jerrys Bore
In the NE Goldfields, Westar has been proactive in applying modern techniques to the Jerrys Bore tenement application area. The company engaged expert Dr Rich Langford to develop a regolith-landform model using satellite elevation data combined with multispectral and radiometric imagery. Complementing this, a LiDAR survey was flown late in the quarter to provide high-resolution topographic data, crucial for interpreting the largely sand-covered terrain.
Early orientation soil sampling at Jerrys Bore identified goethite nodules as the most responsive medium for detecting buried mineralisation, a finding that will shape upcoming soil sampling programs. These efforts underscore Westar’s commitment to leveraging cutting-edge geochemical methods to unlock exploration potential in challenging terrains.
Strategic Portfolio Management and Project Focus
Westar has also streamlined its portfolio by voluntarily surrendering three tenements within the Gidgee North Project after fieldwork and data reviews suggested limited economic potential. However, the company retains three key licences in the area, including the one hosting the Mageye anomaly, where previous drilling revealed anomalous molybdenum, bismuth, and tungsten; elements indicative of a high-temperature magmatic system that could be associated with gold mineralisation.
Looking ahead, Westar plans air core drilling at Mageye to obtain bedrock samples for pathfinder geochemistry, aiming to better vector towards potential gold-rich zones. Meanwhile, at Mount Strawbridge in the NE Goldfields, a new tenement application has been lodged, targeting a structurally complex area adjacent to the Yamarna Fault System, with plans to apply similar regolith mapping and sampling techniques as at Jerrys Bore.
Corporate and Financial Position
On the corporate front, Westar completed a partial capital raise during the quarter, securing approximately $490,000 through the issue of shares, although a significant portion of the planned placement was not approved by shareholders. The company ended the quarter with cash reserves of $1.104 million, providing a modest runway to continue its exploration programs and project evaluations.
Westar continues to actively seek advanced gold and copper projects in Australia, Canada, and the USA that meet its strategic criteria to transition from explorer to developer. Despite reviewing numerous opportunities, no suitable projects were identified in this quarter, highlighting the company’s disciplined approach to value creation.
Bottom Line?
Westar’s blend of innovative exploration techniques and strategic portfolio management sets the stage for potential breakthroughs, but upcoming drilling results and project acquisitions will be critical to watch.
Questions in the middle?
- Will air core drilling at Mageye reveal gold mineralisation linked to the magmatic system?
- How will the newly granted Bunda Creek tenement impact Westar’s copper exploration prospects?
- Can Westar secure shareholder support for future capital raises to fund its growth ambitions?
