Western Gold Resources

Following the $720,000 capital raising through a share placement at $0.04 per share, representing a premium of 28% to the 30-day trading VWAP of $0.0312 per share, with GTT Ventures acting as Lead Manager, $WGR CEO Cullum Winn commented: “WGR is pleased to announce the successful completion of this capital raising with new professional and sophisticated investors at premium to market. This achievement strengthens our financial position as we continue to advance our flagship asset, the Gold Duke Project towards first production in a very buoyant gold market." #asx #gold

Western Gold Resources (ASX: WGR) (“WGR” or “the Company”) advises it that it has appointed Mr Ryan Mount as a Non Executive Director and welcome Mr Mount to the WGR board effective 6 January 2025. Mr Mount provides significant experience with over 25 years in mining and finance industries combined. He has led mineral exploration and mining teams in Australia, Oceania, Asia and South America. He is currently the Chief Executive Officer of LeadFX Inc, where he is leading the restructure and the redevelopment of the Rosslyn Hill Lead Mine, just 30km north of the Gold Duke Project. Mr Mount is also a Director of ASX Listed Excelsior Capital Limited and is member of the Australian Institute of Company Directors.

Stockhead's Road to 2025 video series highlights our key 2024 achievements and the routes we're plotting towards progressing our Gold Duke project, including its 617% IRR scoping study and plans to move into production in 2025. Tune in to find out what to look out for this year. #asx #gold #mining https://lnkd.in/gfcdcJSb

Western Gold Resources Ltd (ASX:WGR) welcomes Pangaea Resources as a new substantial shareholder, emerging with an 8.54% stake in the company.

Thank you for the mention Stockhead https://lnkd.in/g_27K-pK

Today's ASX release titled Metallurgical testwork confirms excellent recoveries up to 95.1% from the Gold Duke Project was a significant step forward toward production. WGR Managing Director Warren Thorne commented: “These excellent metallurgical test work results are important because they confirm that the Gold Duke ore is amenable to a simple CIL processing route. They further de-risk what is an advanced gold project, providing more firm evidence that it is set for a strong future. The chosen samples represent resource grade and geographical spread across the deposit, and the test work objectives were professionally delivered by ALS.” #asx #gold

To find out more about our flagship 100% owned Gold Duke project as it advances towards production, tune into the podcast as our CEO Cullum Winn chats with Barry Fitzgerald. #asx #gold #mining

Great article by Stockhead highlighting the invest case for our existing and new shareholders as we move towards gold production.

Western Gold Resources Managing Director Warren Thorne announced to the ASX today: “With all statutory approvals for commencement of mining now received across all 4 pits, it is accurate to say that the Gold Duke project is indeed shovel- ready. The gold resources present a compelling mining project, and the Company is now in an enviable position to progress discussions around deriving value from the project. Additionally, the Company will continue to provide regular market updates on exploration activities and report on drilling results as soon as they become vailable.” #asx #mining #gold

Western Gold Resources Limited (ASX: WGR) (“WGR” or “the Company”) is pleased to announce the appointment of Cullum Winn as Chief Executive Officer, effective 29th of October 2024. This strategic appointment comes as the Company looks to transition into production at its 100% owned flagship Gold Duke Project, located in Wiluna, Western Australia. Mr Winn is a highly experienced mining engineer from the Western Australian School of Mines. He holds a Western Australian First Class Mine Manager's Certificate and is a member of the Australasian Institute of Mining and Metallurgy (AusIMM). With over 30 years of leadership and mining operations experience, Mr Winn is well- positioned to lead the Company into its next phase of development. #asx #gold #production