ASX Announcement Westgold Resources Limited
ASX Announcement
Westgold Resources Limited
ABN 60 009 260 306
ASX | TSX: WGX
T: +61 8 9462 3400
W: westgold.com.au
Level 6, 200 St Georges Terrace
Perth WA 6000
PO Box 7068, Cloisters Square WA 6850
30 April 2025
March 2025 Quarterly Exploration Results
83km of drilling and $11M invested in resource development and exploration in Q3, FY25
Perth, Western Australia, 30 April 2025: Westgold Resources Limited (ASX | TSX: WGX – Westgold or the
Company) is pleased to announce the results of Westgold’s exploration and resource development activities
during Q3 FY25.
Highlights*
* True width has not been calculated
MURCHISON
At Bluebird-South Junction, the key production growth driver in the Murchison, new drilling results include:
■ 8.11m at 12.66 g/t Au from 166.00m in 24BLDD203A, 6.72m at 8.30 g/t Au from 163.00m in
24BLDD205 and 6.57m at 9.41 g/t Au from 170.00m in 24BLDD208
The high-grade Nightfall orebody within the Starlight UG continues to deliver consistently strong results, with
many showing grades and widths exceeding those modelled in the current mine plan, including:
■ 25.00m at 17.66g/t Au from 169.00m in NF1090GC14, 15.47m at 23.53g/t Au from 82.00m in
NF1120GC100 and 9.47m at 25.56g/t Au from 68.00m in NF1120GC89
Drilling at the Fender UG mine shows the potential of this system with the most promising this quarter being:
■ 3m at 9.42g/t from 90m in 24FNDD0060 and 15.92m at 2.07g/t from 93m in 24FNDD0067
SOUTHERN GOLDFIELDS
At Beta Hunt, the Western Flanks zone (the current major ore source at Beta Hunt) continues to demonstrate
its class with:
■ 22.00m at 4.69g/t Au from 134.00m in AWSP310-04AG
Stage 1 drilling of the Fletcher Zone (exploration target of between 0.8 and 1.2Moz) continues to deliver
encouraging drilling results, including:
■ 63.00m at 3.62g/t Au from 324.00m in WF490DD-51AE and 45.50m at 2.23g/t Au from 746.00m in
WF440DD-37AE
20 priority Greenfields Exploration targets identified - in m ajor review completed across the combined
~3,200km2 tenure package. Drill testing commenced in Q3 and will accelerate into Q4 FY25 and Q1 FY26.
$11M spent on exploration and resource development in Q3 FY25 - with $34M invested FY to date
17 drill rigs operating at end of the quarter
March 2025 Quarterly Exploration Results 2
Westgold Managing Director and CEO Wayne Bramwell commented:
“Westgold’s exploration strategy across our portfolio has two prime objectives – to expand our existing larger
mines (by resource development and conversion) and to define the next suite of organic assets (exploration)
that will become mines.
Drilling across the Murchison and the Southern Goldfields has already delivered significant resource growth at
Starlight and Bluebird-South Junction over the last 12 months. Drilling this quarter focussed on definition of the
high-grade Nightfall zone, outside of the current mine plan at Fortnum; increasing data density ahead of the
mining front at Bluebird-South Junction at Meekatharra; defining mineralised extensions such as Sovereign at
Great Fingall in Cue; and completing the resource definition drill program for Stage 1 of the Fletcher exploration
target at Beta Hunt.
The organic potential of this portfolio is immense. We stgold is well funded, systematic and focussed on
expanding the assets that can deliver higher quality mine outputs, reduce our cost base and enhance our
production profile."
March 2025 Quarterly Exploration Results 3
Overview
In Q3 FY25, Westgold invested $11M in exploration and resource definition across its portfolio. The Company
drilled a total of 82,898m, as summarised by the table below.
Table 1: Group Drilling Statistics - Q3 FY25
Region Diamond (m) RC Drilling (m) AC Drilling (m) Total (m)
Murchison 44,766 4,060 1,899 50,725
Southern Goldfields 28,134 4,039 0 32,173
Exceptional intercepts returned this quarter from drilling activities are listed below:
Table 2: Exceptional drilling intercepts returned in Q3 FY25 (+100 gram metre intervals)
Lode Hole Collar N Collar E Collar
RL Intercept (Downhole) From
(m) Dip Azi
Total
Length
(m)
Gram
metres
Nightfall
Nightfall NF1090GC14 7,198,857 636,492 86 25.00m at 17.66g/t Au 169.00 -37 5 218 442
NF1120GC100 7,199,083 636,529 119 15.47m at 23.53g/t Au 82.00 -45 60 116.4 364
NF1120GC89 7,199,082 636,528 119 9.47m at 25.56g/t Au 68.00 -47 109 103.8 242
NF1120GC107 7,199,023 636,515 118 2.56m at 73.39g/t Au 9.00 -20 54 15 188
NF1120GC86 7,199,082 636,528 119 9.25m at 14.57g/t Au 65.00 -58 77 141 135
NF1095RD09 7,198,923 636,596 91 13.80m at 9.73g/t Au 250.00 -50 334 332.9 134
NF1120GC106 7,199,084 636,530 120 3.00m at 41.49g/t Au 0.00 -15 106 71.7 124
NF1120GC97 7,199,057 636,517 118 20.36m at 6.03g/t Au 64.00 -61 94 101.9 123
NF1120GC96 7,199,056 636,517 118 5.68m at 20.09g/t Au 57.00 -45 109 79.5 114
NF1120GC78 7,199,110 636,569 119 9.60m at 11.64g/t Au 47.00 -60 65 140.7 112
NF1120GC92 7,199,057 636,518 118 14.00m at 7.62g/t Au 66.00 -58 73 100 107
NF1090GC15 7,198,857 636,493 86 11.00m at 9.39g/t Au 147.00 -39 11 179.4 103
NF1090GC11 7,198,857 636,493 87 6.50m at 15.48g/t Au 125.00 -17 29 133.7 101
Beta Hunt
Fletcher WF490DD-51AE 6,543,672 374,950 -484 63.00m at 3.62g/t Au 324.00 -56 228 744.83 228
WF440DD-37AE 6,543,647 375,059 -433 45.50m at 2.23g/t Au 746.00 -47 191 852 101
Western
Flanks AWSP310-04AG 6,544,479 374,596 -306 22.00m at 4.69g/t Au 134.00 -9 205
166.8
103
Bluebird
Bluebird 24BLDD203A 7,043,920 641,572 47 8.11m at 12.66 g/t Au 166.00 -59 107 204.51 103
Westgold had 16 underground drill rigs and 1 surface drill rig operating at the end of the quarter. The surface
drill was operating at Peak Hill and the underground rigs were operating at Starlight (3), Bluebird (2), Great
Fingall (3), Beta Hunt (7) and Two Boys (1).
March 2025 Quarterly Exploration Results 4
Murchison
Westgold drilled 50,725m in the Murchison in Q3 FY25.
Figure 1: Murchison location map
Resource Development Activities
Starlight (Fortnum)
At Fortnum, the focus on defining the high- grade Nightfall Zone ahead of mining activities continued. A large
volume of high-grade results in areas set to be mined in CY25 have been assessed, with many showing grades
and widths exceeding those modelled in the current mine plan.
Some of the more exceptional result returned this quarter include:
9.47m at 25.56g/t Au from 68.00m in NF1120GC89;
15.47m at 23.53g/t Au from 82.00m in NF1120GC100; and
25.00m at 17.66g/t Au from 169.00m in NF1090GC14.
March 2025 Quarterly Exploration Results 5
The Starlight underground mine continues to outperform expectations, and the latest quarter of drilling results
suggest this trend will continue.
Figure 2: Starlight schematic long-section showing better drill results returned in Q3 FY25.
In December 2024, Westgold announced the results of a Scoping Study on the Fortnum Expansion Project (FXP)
which detailed the viability of an expanded Fortnum Gold Operation at an increased milling rate of 1.5 Mtpa
over a ten year life 1. The subsequent Pre-Feasibility study has progressed through the detailed pit design and
scheduling stage which now contemplates open pit mining progressing as part of a la rger, Murchison-wide
open pit mining campaign.
Drilling programs to bring this phase of the work to a decision point are currently being designed, and the
necessary permitting and infrastructure works are being progressed.
A drill platform in the upper levels of the Starlight underground mine is also in the planning stage. This platform
is being designed to enable increased production out of the existing Starlight underground mine and de-risking
the deeper portion of the Starlight open pit contemplated by the FXP.
It is anticipated that development of this platform will commerce in Q4 FY25.
1 Refer ASX 17 December 2024 - Fortnum Expansion Study
March 2025 Quarterly Exploration Results 6
Bluebird-South Junction (Meekatharra)
Following on from the large increases in Mineral Resource s2 and subsequent increase in Ore Reserve s3 for
Bluebird - South Junction during Q2 FY25 , Westgold has focussed ongoing drilling works to support the
execution of the greater Bluebird - South Junction mine plan.
Drilling in Q3 FY25 was directed towards providing increased definition ahead of the mining front. Better results
from this program include:
8.11m at 12.66 g/t Au from 166.00m in 24BLDD203A;
6.72m at 8.30 g/t Au from 163.00m in 24BLDD205; and
6.57m at 9.41 g/t Au from 170.00m in 24BLDD208.
Figure 3: Bluebird-South Junction schematic long-section showing select near mine drill results in Q3 FY25.
2 65% increase in Measured and Indicated Resources against the June 2024 Mineral Resource Estimate - Refer ASX 18 November 2024 - Bluebird -
South Junction Mineral Resource Grows to 1.4Moz
3 Refer ASX 4 December 2024 - Westgold Doubles Bluebird - South Junction Ore Reserve
March 2025 Quarterly Exploration Results 7
Fender (Cue)
At Cue, increasing outputs from the upper levels of the Big Bell cave has allowed Westgold to focus drilling
resources on the satellite Fender mine and on building geological understanding at the high-grade Great Fingall
mine.
At Fender, drilling outcomes have been consistent with expectations, with results such as the following being
amongst the standouts:
3m at 9.42g/t from 90.00m in 24FNDD0060; and
15.92m at 2.07g/t from 93.00m in 24FNDD0067.
Figure 4: Fender schematic long-section showing better drill results returned in Q3 FY25.
March 2025 Quarterly Exploration Results 8
Great Fingall (Cue)
The application of additional drilling resources at Great Fingall has allowed the testing of areas such as
Sovereign Extensions, which currently lie outside of the existing mine plan . This initiative also supports the
ongoing definition of the Great Fingall Reef itself.
Results such as those listed below from Sovereign and in what was a previously unrecognised lode are
indicative of the upside potential at this historical +1Moz producer:
19.45m at 2.16g/t Au from 155.00m; and
5.7m at 8.25g/t Au from 270.00m in 24SVDD036 at Sovereign; and
0.71m at 55.50g/t Au from the collar in 24SHDD031A.
In the Great Fingall Reef, results like 3.60m at 8.13g/t Au from 176.00 m in 24GFDD116 allude to the impact
that Great Fingall production is likely to have on overall head grade through the Tuckabianna mill.
Figure 5: Great Fingall schematic oblique-section looking North (select drill results from Q3 FY25.