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Western Gold Resources Limited (ASX:WGR)

ALERT: Price-sensitive ASX Announcement for WGR
Current share price for WGR : $0.079 -0.007 (-7.65%)+
Announcement
Release
20 Aug 2026 9:24AM
Price at Release
$0.085
Full Release
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Summary
Western Gold Resources Limited has announced an updated Mineral Resource Statement for the Gold Duke Project as of 30 June 2026. The project, located in Western Australia's Joyners Find Greenstone Belt, now reports a total Mineral Resource of 4.84 million tonnes at 1.8 g/t gold for 277,000 ounces. This update reflects a significant increase in both resource size and confidence, with Measured and Indicated Resources rising from 72,000 ounces in June 2025 to 104,000 ounces, marking a 44% increase. The close-spaced grade control and infill drilling completed in 2025 have enhanced the classification from Inferred to Measured and Indicated categories, particularly in the Stage 1 mining areas. This lays a robust foundation for the Expanded Scoping Study, which seeks to optimize the development of the Gold Duke Project by potentially extending its mine life. Notably, the project is 100% owned by Western Gold Resources Limited and includes multiple deposits such as Eagle, Emu, Golden Monarch, and Gold King, with existing mining approvals in place.
Key Points
  • Gold Duke Mineral Resource updated to 4.84Mt at 1.8g/t Au for 277koz.
  • Measured and Indicated Resources increased to 104koz, a 44% rise from 2025.
  • 2025 drilling program significantly improved resource confidence.
  • Close-spaced grade control and infill drilling converted classifications.
  • Foundation set for Expanded Scoping Study to optimize project development.
  • The project is situated in Western Australia's Joyners Find Greenstone Belt.
  • Western Gold Resources Limited owns 100% of the Gold Duke Project.
  • Mining approvals exist for Eagle, Emu, Golden Monarch, and Gold King deposits.
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.