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Westgold Resources Limited (ASX:WGX)

ALERT: Price-sensitive ASX Announcement for WGX
Current share price for WGX : $5.010 -1.38 (-21.60%)+
Announcement
Release
25 Aug 2026 8:31AM
Price at Release
$6.390
Full Release
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Summary
Westgold Resources Limited announced their 2.9Mtpa Meekatharra Expansion Plan (MXP) to increase processing capacity from 1.8Mtpa to 2.9Mtpa by FY28. This strategic brownfields expansion leverages existing infrastructure and long-lead equipment to overcome processing constraints at the Meekatharra hub. The expansion is expected to add approximately 47,000 ounces of gold production annually, increasing total production to 1.6 million ounces over ten years. The MXP aims to enhance free cash flow and reduce processing unit costs, with an anticipated capital cost of $65-100 million and a payback period of nine months. Feasibility-level studies, ore source validation, and execution planning are ongoing, with a potential investment decision anticipated by late FY27. MXP is positioned as a capital-efficient approach to maximizing Westgold’s mineral resources in the Murchison region, leveraging outputs from Bluebird-South Junction and other open pit developments.
Key Points
  • Increase processing capacity at Meekatharra from 1.8Mtpa to 2.9Mtpa.
  • Brownfields expansion leveraging existing infrastructure.
  • Projected to add 47,000 ounces of gold production annually.
  • Total production of 1.6 million ounces over 10 years.
  • Estimated capital cost of $65-100 million with a nine-month payback.
  • Feasibility studies and execution planning ongoing with a potential investment decision by late FY27.
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.