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WA Gold Limited (ASX:WAU)

ALERT: Price-sensitive ASX Announcement for WAU
Current share price for WAU : $0.017 -0.003 (-15%)+
Announcement
Release
8 Jul 2026 9:19AM
Price at Release
$0.020
Full Release
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Summary
WA Gold Limited (ASX: WAU) provided an update on its 2026 drilling campaign at the Abercromby Gold Project in Western Australia. The campaign successfully completed seven diamond drill holes totaling 3,277 meters, aimed at testing the extension of the current resource over a 500-meter strike length. The samples from five drill holes have been submitted for assay, with results expected within the month. The project’s scoping study indicates a rapid pathway to production, targeting 114,000 ounces of gold with a low upfront capital requirement of approximately A$8 million. The company is planning additional drilling efforts to expand the resource and support the feasibility study, with the goal of commencing commercial production by late 2027 or early 2028. WAU holds 100% of the Abercromby project, which has shown favourable geological conditions for high-grade gold mineralization.
Key Points
  • Successful completion of 3,277m of drilling at Abercromby.
  • Samples from seven drill holes are being assayed.
  • Scoping study suggests 114k oz gold production target.
  • Low capital requirement estimated at A$8 million.
  • Production anticipated by late 2027/early 2028.
  • WAU holds 100% of Abercromby project rights.
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.