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🚀 GOLD RUSH RELOADED: Westgold Fires Up Historic Great Fingall Mine! 🚀
Miners, get ready! Westgold Resources (ASX: $WGX.AX) has officially restarted high-grade gold mining at the iconic Great Fingall mine in Western Australia after more than a century!
🎯 First high-grade stope fired, accessing virgin areas of the famous gold reef.
📈 Forecast to supply ~500,000 tonnes per annum (tpa) of high-grade ore to the Cue processing hub.
🔥 This high-grade feed complements the bulk tonnage from the nearby Big Bell mine, targeting improved operating margins.
🕒 Ramp-up underway, targeting steady-state production by late FY27.
Why this matters: The original mine produced a staggering 1.2 million ounces at an average grade of 19.5 g/t between 1891 and 1918. Westgold is confident modern tech can unlock massive remaining potential.
Managing Director Wayne Bramwell calls it a "proud achievement," set to strengthen operations and create lasting shareholder value.
$WGX shares have already seen solid performance this year (up over 100% YTD!) and analysts are optimistic with an average target price above AU$6.80.
What are your thoughts on WGX's strategic move? 💬👇
#Westgold #ASX #WGX #Investing #Commodities $PAXG
Miners, get ready! Westgold Resources (ASX: $WGX.AX) has officially restarted high-grade gold mining at the iconic Great Fingall mine in Western Australia after more than a century!
🎯 First high-grade stope fired, accessing virgin areas of the famous gold reef.
📈 Forecast to supply ~500,000 tonnes per annum (tpa) of high-grade ore to the Cue processing hub.
🔥 This high-grade feed complements the bulk tonnage from the nearby Big Bell mine, targeting improved operating margins.
🕒 Ramp-up underway, targeting steady-state production by late FY27.
Why this matters: The original mine produced a staggering 1.2 million ounces at an average grade of 19.5 g/t between 1891 and 1918. Westgold is confident modern tech can unlock massive remaining potential.
Managing Director Wayne Bramwell calls it a "proud achievement," set to strengthen operations and create lasting shareholder value.
$WGX shares have already seen solid performance this year (up over 100% YTD!) and analysts are optimistic with an average target price above AU$6.80.
What are your thoughts on WGX's strategic move? 💬👇
#Westgold #ASX #WGX #Investing #Commodities $PAXG
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