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Westgold Resources Limited (ASX:WGX)

ALERT: Price-sensitive ASX Announcement for WGX
Current share price for WGX : $4.750 0.27 (6.03%)+
Announcement
Release
1 Oct 2025 8:28AM
Price at Release
$4.480
Full Release
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Summary
Westgold Resources Limited (ASX/TSX: WGX) has outlined its 3-Year Outlook (3YO) plan, projecting an increase in annual gold production from 326,000 ounces in FY25 to over 470,000 ounces by FY28. This growth is planned to be achieved by leveraging their existing processing hubs at Murchison and Southern Goldfields in Western Australia, with no new exploration but through optimisation of current assets, including the Fortnum, Meekatharra, Cue, and Higginsville hubs. The plan aims to reduce the All-In Sustaining Costs (AISC) to approximately $2,500 by FY27 while remaining fully funded through internal cash flows. The strategy includes infrastructure upgrades and increasing processing capacities at key hubs, with planned expansions from 1.8Mtpa to 2Mtpa at Meekatharra and from 1.6Mtpa to 2.6Mtpa at Higginsville by FY28. The 3YO is underscored by a strong reserve base and is focused on enhancing operational efficiencies and resource utilisation to achieve production goals.
Key Points
  • Westgold's 3-Year Outlook projects a production increase to over 470koz by FY28.
  • The plan is fully funded and focuses on existing assets in the Murchison and Southern Goldfields.
  • No new exploration is included; growth comes from optimising current processing hubs.
  • AISC is targeted to reduce to ~$2,500 by FY27.
  • Key processing hubs include Fortnum, Meekatharra, Cue, and Higginsville.
  • Processing capacity expansions are planned at Meekatharra and Higginsville hubs.
  • The strategy relies on a strong reserve base and infrastructure upgrades.
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.