Latest Westgold Resources News

Westgold Resources has outlined a fully funded plan to lift gold production to 460-510koz by FY29 while reducing AISC to A$2,640-A$3,000/oz. The formal outlook excludes its potentially transformative Fletcher Zone, leaving a sizeable but still conceptual growth option beyond the plan.

Corazon Mining has confirmed shallow, high-grade gold mineralisation at its Wembley prospect in Western Australia, with drilling extending the known system about 60 metres east of historic work. Seven assays remain outstanding as the company prepares follow-up drilling aimed at an eventual Exploration Target and potential Mineral Resource.

Discovery Alaska Limited posted a $459,211 loss for FY2026 amid exploration write-offs and ongoing project development. The company secured $354,000 in a private placement and lined up a $900,000 placement to fund its Idaho and Western Australia gold-silver ventures.

Corazon Mining has unveiled a maiden Exploration Target at its Chalice Gold Project in WA, suggesting the mineralised system could hold up to 830,000 ounces of gold, significantly above the existing resource. A 7,500m drilling campaign is set to test this potential, marking a step towards development.

Valiant Gold is fast-tracking the restart of its Comet Gold Mine in Western Australia, securing major infrastructure contracts and advancing technical studies to target production resumption by Q2 FY27.

Volt Group’s HY26 results showcase a surge in revenue and cashflow, powered by the 4D Delta acquisition and strong performances across its subsidiaries.

Valiant Gold’s maiden drilling at South Emu-Triton has delivered significant gold intercepts well below the existing resource, reinforcing the deposit’s growth potential and advancing its development pipeline.

Castle Minerals has raised $4 million through a share placement to fast-track exploration at its Nielle Gold Project in Côte d'Ivoire and support its Western Australian portfolio. The funding positions Nielle as the company’s flagship asset with near-term drilling plans underway.

Westgold Resources delivered a landmark FY26 with record gold output, soaring profits, and a strong balance sheet underpinning a 10 cents per share fully franked dividend.

Sinclair Gold has cleared a key drilling milestone at its Mt Henry project, prompting a $5 million cash payment to Westgold and cancelling over 7.5 million performance rights. The company also moves closer to completing a royalty deal with Stria Lithium, while preparing for a resource update by year-end.

Westgold Resources outlines a $100 million brownfields expansion to raise Meekatharra processing capacity to 2.9Mtpa, aiming to add 47,000 ounces of annual gold production by FY28 and lift project NPV by up to $1.6 billion at spot gold prices.

Discovery Alaska Limited (ASX: DAF) has secured a strategic foothold in Western Australia’s Murchison Goldfields through the acquisition of the Cuddingwarra Gold Project, backed by a $900,000 placement to fund exploration and expansion.