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WA Gold Limited (ASX:WAU)

ALERT: Price-sensitive ASX Announcement for WAU
Current share price for WAU : $0.017 -0.014 (-45.16%)+
Announcement
Release
30 Apr 2026 3:51PM
Price at Release
$0.031
Full Release
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Summary
WA Gold Limited's March 2026 Quarterly Activities Report highlights a strong scoping study for the Abercromby Gold Project, forecasting significant net cashflow and NPV with low initial capital requirements. The project targets 114,000 ounces of gold production and holds significant potential for resource expansion. Recent corporate activities include the appointment of key personnel and a successful capital raise, alongside a rebranding to 'WA Gold Limited'.
Key Points
  • WA Gold Limited released its March 2026 Quarterly Activities Report along with Appendix 5B.
  • A strong scoping study has been delivered for the Abercromby Gold Project in Western Australia.
  • Stage 1 Mine is expected to generate a Net Cashflow of approximately A$243 to A$297 million and an NPV7 of A$205 to A$253 million, pre-tax.
  • The project requires a low pre-production capital of A$8 million.
  • An initial production target of approximately 114,000 ounces of gold is set, with 90% of it classified as Indicated Resources under the JORC Code.
  • The project has strong leverage to gold prices, with further potential for resource conversion from the existing 518,000-ounce JORC Mineral Resource.
  • Ongoing resource development drilling is targeting extensions to the existing Abercromby gold resource.
  • New appointments include Ben Pollard as CEO and Gareth McArthur as General Manager, Project Development.
  • The company completed a $2.5 million raise and changed its name to WA Gold Limited with a new ticker code 'WAU'.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.