Westgold Resources Limited (ASX: WGX) (TSX: WGX) has declared a maiden Ore Reserve of 13.5Mt at 2.6g/t Au for 1.1Moz at the Fletcher deposit within its Beta Hunt mining complex in Western Australia. The declaration, supported by a Pre-Feasibility Study and completed mine planning, establishes a substantial new mineable inventory that materially enhances the confidence in Fletcher becoming a third mining front at Beta Hunt.

The company also released an updated Mineral Resource for Fletcher, which increased by approximately 30% to 40.1Mt at 2.3g/t Au for 3.0Moz. This update includes a 426% increase in Indicated Mineral Resource ounces to 1.55Moz at 2.7g/t Au. Approximately 74% of the updated Indicated Mineral Resource ounces have converted into the maiden Ore Reserve.

What the Numbers Show

The conversion rate of Indicated Mineral Resources to Ore Reserves at Fletcher stands at 74%, a high degree of geological confidence for a maiden reserve declaration. The Ore Reserve grade of 2.6g/t Au is notably higher than the total Mineral Resource grade of 2.3g/t Au, indicating that the economic cut-off grades applied in the Pre-Feasibility Study have successfully filtered lower-grade material from the mineable inventory while retaining higher-grade zones.

Beta Hunt Complex Growth

The growth at Fletcher contributes significantly to the broader Beta Hunt asset performance. Since Westgold acquired the asset in August 2024, the total Beta Hunt Ore Reserve has increased by 201% to 21.7Mt at 2.34g/t Au for 1.6Moz. The total Mineral Resource for the complex has risen by 104% to 74.6Mt at 2.25g/t Au for 5.4Moz.

Table 1: Fletcher Mineral Resource Estimate comparison (reported above 1.2g/t Au).

Processing Expansion and Next Steps

The increasing scale of the Fletcher deposit underpins an assessment of a 4Mtpa processing case at the Higginsville hub. Westgold is advancing this Definitive Feasibility Study ahead of the previously approved 2.6Mtpa Higginsville expansion. While this approach may extend the period Higginsville operates at its current 1.6Mtpa capacity, the company does not expect this to materially impact the Group production outlook, as additional milling capacity is being committed in the Murchison region where mining performance has exceeded expectations.

Upcoming catalysts include:

• Completion of the 4Mtpa processing expansion study.
• An underground mass-haulage study for Fletcher.
• Continued drilling of Fletcher's open northern extension.
• Testing of the Mason target to the south for longer-term growth potential.

Westgold Managing Director and CEO Wayne Bramwell stated that drilling at Beta Hunt continues to unlock material value, with the emerging Fletcher Zone contributing more than 1Moz of Ore Reserve and 3Moz of Mineral Resource growth. The company plans to incorporate a preliminary assessment of the 4Mtpa expansion opportunity into its next Strategic Outlook, expected in early September 2026.

Westgold Resources Limited (ASX: WGX; TSX: WGX) has revised its Securities Trading Policy, effective as of July 31, 2026. The Perth-based gold miner released the updated document to the market to ensure continued compliance with regulatory standards governing insider trading and blackout periods for its directors and employees.

The Board of Westgold Resources authorized the release of the announcement to the Australian Securities Exchange (ASX). The revised policy serves as a key governance mechanism, outlining the windows during which company insiders may trade their securities and prohibiting trades during sensitive periods when material price-sensitive information is available.

Policy Details

The updated Securities Trading Policy applies to all directors, executives, and other designated employees of Westgold Resources Limited. By revising this document, the company aligns its internal controls with current listing rules from both the ASX and the Toronto Stock Exchange (TSX), where it is dual-listed.

Investors and stakeholders can access the full text of the revised policy via the link provided in the original market announcement. This procedural update reinforces the company’s commitment to transparent market conduct and equitable information dissemination among all shareholders.