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Western Gold Resources Limited (ASX:WGR)

ALERT: Price-sensitive ASX Announcement for WGR
Current share price for WGR : $0.090 -0.065 (-41.94%)+
Announcement
Release
30 Apr 2026 9:25AM
Price at Release
$0.155
Full Release
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Summary
Western Gold Resources Limited (WGR) reported significant progress for the quarter ending March 31, 2026, with a strong cash balance of $4.5 million. The company focuses on advancing its 100% owned Gold Duke Project located in the Joyners Find Greenstone Belt, Western Australia. Key developments include the extension of the Toll Milling Agreement with Wiluna Mining Corporation, successful execution of pre-mining contracts, and commencement of site establishment works. The company also initiated a Life-of-Mine (LOM) extensional drilling program aimed at increasing resource estimates. The report highlights the exploration of divestment opportunities in Sweden to concentrate on gold operations in Australia. Additionally, the Appendix 5B Cash Flow Report highlights financial activities, including cash outflows for exploration and evaluation, administrative expenses, and a secured loan facility, ensuring adequate funding for future operations.
Key Points
  • Strong cash balance of $4.5 million as of March 31, 2026.
  • Focus on advancing the Gold Duke Project in Western Australia.
  • Extension of Toll Milling Agreement with Wiluna Mining Corporation.
  • Execution of pre-mining contracts and site establishment works.
  • Initiation of LOM extensional drilling program to increase resources.
  • Exploration of divestment opportunities in Sweden.
  • Appendix 5B report highlights cash flows and secured loan facility.
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.