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Westgold Resources Limited Announces Change of Registered Office and Principal Place of Business

2022-06-27 05:54:00

Westgold Resources Limited advised that its registered office and principal place of business has changed to Level 6, 200 St Georges Terrace, Perth WA 6000.

Westgold Resources Limited Announces Major Production Milestone At Its Fortnum Gold Project

2022-06-26 22:26:00

Westgold Resources Limited announced a major production milestone at its Fortnum Gold Project. On Sunday 26th June 2022, the Fortnum team poured ARAG1000G - the 1,000th bar produced since Westgold recommissioned the project in May 2017. Ounces produced project to date since plant refurbishment and wet commissioning in May 2017 to 26th June 2022 (unreconciled) is approximately 287,559 oz.

Westgold Resources Limited Provides First Assays from Early Stage Exploration Drilling at the Sovereign Reef Target (Sovereign) Located at the Day Dawn Mining Area

2022-06-19 22:24:00

Westgold Resources Limited provided first assays from early stage exploration drilling at the Sovereign Reef target (Sovereign) located at the Day Dawn Mining Area. Day Dawn forms part of the Cue Gold Operations and has been targeted as part of Westgold's renewed exploration focus. Sovereign is located 300m into the hangingwall of the historic Great Fingall mine and approximately the same distance into the footwall of the Golden Crown mine. These two operations collectively produced >1.5Moz of gold from high grade quartz reef systems hosted within the highly prospective Great Fingall Dolerite. Current Westgold defined Mineral Resources across Great Fingall and Golden Crown total 1.85Mt at 8.36g/t Au for 497koz. The Sovereign Reef target was generated from evaluation of historic 1920's era mine plans which suggested that the 9 Level south drive, into the Great Fingall hangingwall, had intersected an un-named reef system which at that time may have been constrained by tenure. As an initial test of this target, three holes were drilled from the surface with RC pre-collars and diamond core tails. The holes were designed to intersect the target approximately 30m apart testing 100m of interpreted strike approximately 180m below surface. Significant drill results returned included 4.40m at 8.01g/t Au in hole 22GFRD003 and 8.50m at 1.87g/t Au in hole 22GFRD002. Hole 22GFRD001, which was the most westerly hole, failed to intersect the interpreted Sovereign Reef position but this may be explained by currently unknown faulting. Structural data collected from the completed holes suggests that, at least in the intersected positions, the reef dips 45 degrees to the south (grid) and thus may represent a mineralised "linking structure" between Golden Crown and Great Fingall. If this is the case, several currently known footwall reefs to the Golden Crown system may propagate far further into the hanging wall of Great Fingall than ever previously considered, representing further significant exploration targets.

Westgold Resources Limited Announces Executive Changes

2022-05-23 23:31:00

Westgold Resources Limited announced that Ms. Debbie Fullarton has resigned as the Company's Chief Executive Officer after 4 years with the company to pursue other opportunities. The Board has accepted Ms. Fullarton's resignation which is effective immediately. The Board announced the appointment of Wayne Bramwell to the role of Managing Director, effective immediately. Westgold will no longer have a separate CEO role. Mr. Bramwell is an experienced mining professional with over 30 years corporate and technical experience having joined Westgold as a non-executive director in February 2020. He has been Executive Director at Westgold since July 2021. In his past roles, Mr. Bramwell has been instrumental creating shareholder value, including negotiating significant strategic level partnerships, restructuring asset ownership to unlock shareholder value and leading operational teams. The Board notes that the appointment of a Managing Director and cessation of a separate CEO role allows the Company to adopt a Board and executive structure more in keeping with Corporate Governance norms.

Westgold Resources Limited, Q3 2022 Earnings Call, Apr 28, 2022

2022-04-25 22:18:00

Westgold Resources Limited, Q3 2022 Earnings Call, Apr 28, 2022

Westgold Resources Limited to Report Q3, 2022 Results on Apr 28, 2022

2022-04-25 22:18:00

Westgold Resources Limited announced that they will report Q3, 2022 results Pre-Market on Apr 28, 2022

Westgold Resources Limited Announces Appointment of Susan Park as Joint Company Secretary

2022-04-05 00:30:00

Westgold Resources Limited announced that Ms. Susan Park has been appointed as Joint Company Secretary effective immediately. Ms. Park is a governance professional with over 25 years' experience in the corporate finance industry and extensive experience in Company Secretary and Non-Executive Director roles in ASX, AIM and TSX listed companies. Following Ms. Park's appointment, both Ms. Park and Ms. Lisa Smith will be Joint Company Secretaries. She is currently Company Secretary of several ASX listed companies.

Westgold Resources Limited Provides Operational Update on the Progress of Paddy's Flat Operations At Meekatharra

2021-12-20 02:02:00

Westgold Resources Limited provided operational update on the progress of Paddy's Flat operations at Meekatharra. The Paddy's Flat operation is the of the company's Meekatharra Gold Operations [MGO] and the largest of three underground mines supplying ore to the 1.8Mtpa Bluebird processing hub. Paddy's Flat is a large, historic gold field within MGO's tenure having produced in excess of 1.5Moz, with 832,000oz from multiple historic underground mines and 293,000oz from multiple historic open pits. Since consolidating ownership in this region the company has invested at Paddy's Flat with a view to establishing a large, modern, long-life underground mining hub that currently produces 60,000 tonnes per month at 3.1 g/t Au from four individual declines. These declines access multiple ore lodes across the 4.5km line of lodes that broadly delineates the Paddy's Flat gold field. To date the company has produced 448,000oz from underground and open pit mining at Paddy's Flat with mineralization broadly classified into three groups relating to the host lithology and style of mineralization. The three styles of mineralization across the Paddy's Flat line of lodes include: Sulphide replacement BIF-hosted gold; Quartz vein-hosted shear and thrust-related gold; Quartz-carbonate-sulphide stockwork vein and alteration related gold. The Fenians Deposit: Historically the Fenians and Consol's Mines were the most prolific producers within the Paddy's Flat gold field with 832,000oz of gold produced from 1.5Mt of ore at a grade of 16.8g/t prior to 1984. Gaining access to the base of the old workings at 400m below surface and subsequently mining the continuation of the Fenians orebody has been the company's goal from day one of mining at Paddy's Flat. During 2021 the company committed a dedicated high-speed development crew to prioritise the last 70 vertical metres of development required to gain access to the Fenian's orebody from the Consol's decline.

Westgold Resources Limited Approves Replacement of Company Constitution

2021-11-29 00:16:00

Westgold Resources Limited approved replacement of company constitution at the annual general meeting held on November 26, 2021.

Westgold Resources Limited Announces Exploration and Growth Update

2021-11-17 23:23:00

Westgold Resources Limited provided an update on Exploration and Growth ("E&G") initiatives across the group. As previously announced, Westgold has re-energised its exploration team and is committed to a systematic yet aggressive organic exploration effort across its extensive and highly prospective Murchison tenure portfolios. With increasing operational momentum across the Westgold operations at Cue ("CGO"), Meekatharra ("MGO") and Fortnum ("FGO") the Company can now accelerate its broader regional growth strategy. With the Murchison Province hosting >35Moz of gold endowment (historic production plus current resources) and the Company holding >1,300 km2 of tenure covering >20Moz of this gold endowment, prospectivity is high and there is significant potential for organic growth through exploration. In addition, as the major producer in the province and operator of three processing hubs with a total milling capacity of >4Mtpa, Westgold is in a strong position to leverage its infrastructure through corporate acquisitions. Based on these recognised opportunities, earlier this year the Company commenced strengthening its E&G Team with the addition of a number of technical specialists and an experienced GM reporting directly to the CEO. This refreshed multidisciplinary team has been charged with developing and testing a prioritised pipeline of exploration targets, along with identifying and ranking relevant corporate business development opportunities. The aim being to accelerate Westgold's growth aspirations and define the next suite of deposits to support a production profile +300,000 oz pa. The exploration team has been backed with an initial Fiscal year 2021 budget of $14 million. In addition, the Company has an active corporate development strategy evidenced by the recent takeover bid for Gascoyne Resources Limited and strategic investment in Sandstone explorer Alto Metals Limited. Organic growth through exploration of the large Westgold Murchison tenement portfolio (1,300km2) is the priority focus for the new E&G Team. Westgold's previous focus has been on resource definition activities within and immediately adjacent to historically mined deposits, and as such, a new multidisciplinary and multiyear dedicated exploration approach was required to unlock the recognised potential outside of these near-mine areas. With the new team assembled, work to date has focussed on the compilation of available historic exploration data, assessing its effectiveness, and identifying new target opportunities.

Westgold Resources Limited (ASX:WGX) cancelled the acquisition of Gascoyne Resources Limited (ASX:GCY) from Deutsche Balaton AG (DB:BBHK) and others.

2021-11-09 00:00:00

Westgold Resources Limited (ASX:WGX) made an offer to acquire Gascoyne Resources Limited (ASX:GCY) for AUD 110 million on September 30, 2021. Westgold Resources Limited made an offer to acquire Gascoyne Resources Limited for approximately AUD 130 million from Deutsche Balaton AG (DB:BBHK) on October 26, 2021. Under the terms Westgold’s Offer is giving one Westgold Share for every four Gascoyne Shares. Under the new terms Westgold’s Offer is giving 3 Westgold Share for every 11 Gascoyne Shares. Westgold’s proposed offer is subject to the merger between Firefly Resources Limited (ASX:FFR) and Gascoyne. The offer is subject to other conditions including 51% minimum acceptance condition, there being no regulatory action, no prescribed occurrences, No change of control rights, Third Party Consent and no material adverse change in respect of Gascoyne. Westgold reserves the right to waive some or all of these conditions. The board has recommended shareholders are advised to take no action in relation to Westgold’s Offer. . Gascoyne Board believes the Offer from Westgold undervalues Gascoyne shares and does not represent a superior alternative for Gascoyne shareholders when compared to the Scheme Proposed by Firefly Resources. The Board therefore unanimously recommends that Gascoyne shareholders continue to take no action in response to correspondence from Westgold and to REJECT the Westgold offer. Westgold intends to lodge its Bidders Statement with ASIC commencing October 10, 2021. Offer will run from October 29, 2021 to November 29, 2021. Gascoyne reiterates shareholders should TAKE NO ACTION in relation to the Offer. As of November 1, 2021, Supreme Court of Western Australia approved the Firefly Scheme and hence Westgold Resources has written to ASIC to seek the consent of ASIC to withdraw its Offer under section 652B of the Corporations Act 2001 (Cth). There can be no guarantee that ASIC will provide such consent. If consent is given, Westgold considers that it may be given with conditions. Westgold will update the market in this regard in due course. Canaccord Genuity (Australia) Limited acted as financial adviser and Herbert Smith Freehills as legal adviser to Gascoyne Resources Limited. Westgold Resources Limited (ASX:WGX) cancelled the acquisition of Gascoyne Resources Limited (ASX:GCY) from Deutsche Balaton AG (DB:BBHK) and others on November 9, 2021.

Westgold Resources Limited Announces Completion of Positive Development Studies on the Fender Gold Deposit

2021-11-07 22:53:00

Westgold Resources Limited announced that following completion of positive development studies, the Fender gold deposit is set to become the Company's next underground mine in the Cue area. Fender is located approximately 3.5km south of the Big Bell mine and will become the third underground mine feeding the company's 1.4Mtpa Tuckabianna processing hub. Fender Overview: Fender was historically mined by Normandy in the 1990's with Westgold completing a cut-back during 2020 bringing the pit to approximately 100m vertical depth. Life of mine open pit production totals 402,000 tonnes at 1.96g/t Au for 25,300oz. Under Westgold's ownership ore was trucked to the Tuckabianna processing hub. Importantly, mining of the last 20 metres of the pit revealed continuous lodes of higher-grade ore, which have been confirmed by deeper drilling beneath the pit. Example drill intercepts include: 10m at 4.33/t Au from 378m [BBDD0013]; 18m at 3.42g/t Au from 188m [BBRC0033]; 21m @ 3.34g/t Au from 104m [FDD015] and 7m @ 4.61 g/t Au from 216m [ BBRC0020]. The single mineralised lode at Fender varies in scale typically averaging 5-8m in true width. The lode is subvertical and present as an attractive simple mining proposition over the currently defined 300m strike. Mining studies have determined that Fender will be developed as an underground mine supported by the extensive surface infrastructure and technical teams available at the proximate Big Bell mine. Fender has a current Resource endowment of circa 450oz/vertical metre.

Westgold Resources Limited, Q1 2022 Earnings Call, Oct 27, 2021

2021-10-25 05:02:00

Westgold Resources Limited, Q1 2022 Earnings Call, Oct 27, 2021

Westgold Resources Limited to Report Q1, 2022 Results on Oct 27, 2021

2021-10-25 05:02:00

Westgold Resources Limited announced that they will report Q1, 2022 results Pre-Market on Oct 27, 2021

Westgold Resources Limited Proposes Replacement of Company Constitution

2021-10-25 02:49:00

Westgold Resources Limited proposed in its AGM to be held on 26 November 2021, the replacement of Company Constitution. To consider and, if thought fit, to pass the following resolution as a special resolution: that, in accordance with section 136(2) of the Corporations Act 2001 (Cth), the Proposed Constitution contained in the document submitted to this Meeting and signed by the Chair for identification purposes be approved and adopted as the Constitution of the Company in substitution for the Existing Constitution of the Company with effect from the end of the Meeting.

Westgold Resources Limited, Annual General Meeting, Nov 26, 2021

2021-10-08 03:28:00

Westgold Resources Limited, Annual General Meeting, Nov 26, 2021, at 10:00 W. Australia Standard Time. Location: Liberty Conference Centre, Ground Floor, 197 St Georges Terrace Perth Western Australia Australia Agenda: To consider the financial report of the Company for the year ended 30 June 2021; to consider the election of director; to non binding resolution to adopt remuneration report; to re-election of director; to grant of performance rights to mr wayne bramwell or his nominee; to non-executive director remuneration pool increase; to replacement of company constitution; to adoption of proportional takeover provisions; and to consider other matter.

Westgold Resources Limited (ASX:WGX) made an offer to acquire Gascoyne Resources Limited (ASX:GCY) from Deutsche Balaton AG (DB:BBHK) and others for approximately AUD 130 million.

2021-09-30 00:00:00

Westgold Resources Limited (ASX:WGX) made an offer to acquire Gascoyne Resources Limited (ASX:GCY) for AUD 110 million on September 30, 2021. Westgold Resources Limited made an offer to acquire Gascoyne Resources Limited for approximately AUD 130 million from Deutsche Balaton AG (DB:BBHK) on October 26, 2021. Under the terms Westgold’s Offer is giving one Westgold Share for every four Gascoyne Shares. Under the new terms Westgold’s Offer is giving 3 Westgold Share for every 11 Gascoyne Shares. Westgold’s proposed offer is subject to the merger between Firefly Resources Limited (ASX:FFR) and Gascoyne. The offer is subject to other conditions including 51% minimum acceptance condition, there being no regulatory action, no prescribed occurrences, No change of control rights, Third Party Consent and no material adverse change in respect of Gascoyne. Westgold reserves the right to waive some or all of these conditions. The board has recommended shareholders are advised to take no action in relation to Westgold’s Offer. . Gascoyne Board believes the Offer from Westgold undervalues Gascoyne shares and does not represent a superior alternative for Gascoyne shareholders when compared to the Scheme Proposed by Firefly Resources. The Board therefore unanimously recommends that Gascoyne shareholders continue to take no action in response to correspondence from Westgold and to REJECT the Westgold offer. Westgold intends to lodge its Bidders Statement with ASIC commencing October 10, 2021. Offer will run from October 29, 2021 to November 29, 2021. Gascoyne reiterates shareholders should TAKE NO ACTION in relation to the Offer. As of November 1, 2021, Supreme Court of Western Australia approved the Firefly Scheme and hence Westgold Resources has written to ASIC to seek the consent of ASIC to withdraw its Offer under section 652B of the Corporations Act 2001 (Cth). There can be no guarantee that ASIC will provide such consent. If consent is given, Westgold considers that it may be given with conditions. Westgold will update the market in this regard in due course. Canaccord Genuity (Australia) Limited acted as financial adviser and Herbert Smith Freehills as legal adviser to Gascoyne Resources Limited.

Westgold's Mineral Resources Are Located in Two Distinct Geological Terranes

2021-09-29 08:43:00

Westgold's Mineral Resources are located in two distinct geological Terranes. The Archean Murchison Province and the Proterozoic Bryah Basin. The combined districts boast over 100 individual reported resources, across twelve major mineral fields. These deposits feed three Processing Plants which were opened sequentially commencing with Bluebird in 2015, Fortnum in 2017 and Tuckabianna in 2018. The total Mineral Resource estimate is 111 Mt @ 2.22 g/t Au for 7.9 Moz Au. Westgold generates its mineral estimates using a three dimensional solid model (3DM) of the orebody (in Surpac or Leapfrog for WGX generated resources - a mixture of Surpac, Vulcan and Datamine for legacy resources). These models are guided by relevant geological information including mapping, face sample and drilling data. Interpretation is undertaken in a combination of sectio and plan and 3D space in an attempt to create the most accurate approximation of mineralisation spatial distribution. Once complete, available sample data (aside from open hole drilling) is intersected with the solids to extract assay composites. From this point appropriate estimation techniques are used to fill a block model using parameters guided by geological understanding and geostatistical review of the constituent data. Mineral Resource estimates are reported using cut-offs approximating a circa $2,000/oz gold price. In individual cases this cut-off price may be higher or lower dependent upon the likely mining and processing route envisaged. The small reduction in estimated Mineral Resources outside of mining depletion was driven by: the remodelling and re-estimation of the legacy 1600N /Shocker resource at CGO [located to the south of Big Bell] a conservative approach to the potential impacts of pegmatite intrusives in the Big Bell mine sequence at depth, and the election to write down the remaining Mickey Doolan resource at MGO following completion of the open pit and with a view to its lower metallurgical recovery. The total Mineral Reserve estimate is 29 Mt @ 2.36 g/t Au for 2.2 Moz Au. Ore Reserves are a subset of Measured and Indicated Resources only. All current pit and underground operations were depleted to 30 June 2021. All Ore Reserves have been generated from design studies using appropriate cost, geotechnical, slope angle, stope span, dilution, cut-off grade and mining and metallurgical recovery parameters specific to each mine. A maximum AUD 2,000/oz gold price has been used to estimate Ore Reserves and determine appropriate cut-offs. Mining, milling and additional overhead costs are based on currently contracted and budgeted operating costs. Mill recoveries for all ore types are based upon operating experience or metallurgical test work. Stockpiles consist of ROM stocks and low-grade stocks mined by Westgold and accumulated by previous owners. The reduction in Ore Reserves outside of mining depletion was driven by: resource model updates in components of the Paddy's Flat and Starlight Underground deposits, refinements in resource estimation for the Big Bell South pit campaign; and a conservative approach in regard to the pegmatite intrusions within the mining envelope at Big Bell Underground Mine.

Westgold Resources Limited Announces Unfranked Special Distribution, Payable on October 15, 2021

2021-09-24 05:12:00

Westgold Resources Limited announced unfranked Special Distribution of AUD 0.02000000 per share. Ex Date is September 30, 2021, Record Date is October 1, 2021 and Payment Date is October 15, 2021.

Westgold Resources Limited Provides Market Update

2021-09-07 23:08:00

Westgold Resources Limited reported that despite some COVID- 19 related operational constraints during August, Murchison operations achieved gold output above 24,000oz and remain on track with production guidance.

Westgold Resources Limited(ASX:WGX) dropped from S&P/ASX 200 Index

2021-09-03 00:00:00

Westgold Resources Limited(ASX:WGX) dropped from S&P/ASX 200 Index

Westgold Resources Limited(ASX:WGX) dropped from S&P/ASX 200 Materials Sector Index

2021-09-03 00:00:00

Westgold Resources Limited(ASX:WGX) dropped from S&P/ASX 200 Materials Sector Index

Westgold Resources Limited Recommends Payment of Maiden Cash Dividend for Fiscal Year 2021, Payable on 15 October 2021

2021-08-30 00:00:00

Westgold Resources Limited recommended the payment of a maiden cash dividend (unfranked) of 2.0 cents per fully paid share for fiscal year 2021 in recognition of Westgold's improved financial metrics for this year. The final dividend will have a record date of 1 October 2021 and a payment date of 15 October 2021.

Westgold Resources Limited, 0.02 (AUD), Cash Dividend, Sep-30-2021

2021-08-30 00:00:00

Westgold Resources Limited, 0.02 (AUD), Cash Dividend, Sep-30-2021

Westgold Resources Limited Provides Gold Production Guidance for Financial Year 2021-2022

2021-08-03 01:44:00

Westgold Resources Limited provided gold production guidance for financial year 2021-2022. For the period, the company expects Group gold production of + 270,000 oz.

Westgold Resources Limited Announces Executive Changes

2021-07-30 07:30:00

Westgold Resources Limited announced that Mr. Peter Cook will become Non-executive Chairman as of 1 August 2021. Westgold is pleased to advise the appointment of Mr. Wayne Bramwell as Executive Director effective as of 1 August 2021. Wayne joined Westgold as a Non-executive Director in February 2020 and in recent months has been acting in an executive role whilst Executive Chairman, Peter Cook has been on leave.

Westgold Resources Limited Commences Mining At Triton

2021-07-21 03:06:00

Westgold Resources Limited announced that stope mining has commenced within the Triton North area of the South Emu-Triton underground mine at theMeekatharra Gold Operations. The South Emu and Triton mines are located on the southern end of what is regionally referred to as the ReedyShear Zone which extends for over 8km and hosts the majority of the Reedy Mining Area's 1.5 million oz of gold endowment. The Triton mine is steeped in Australian mining history as one of the first gold mines developed by Western Mining Corporation (WMC) and one of the early projects where mining legend, the late Sir Arvi Parbo, cut his teeth as a mining engineer. Operating from 1935 to 1948 under WMC, Triton produced approximately 720,000t of ore @ 9.8g/t Au for 228,000oz. Triton's oxide caps and historic shaft were later mined via open pit by Metana Minerals in the 1990's and produced more than 250,000oz of gold. Westgold has been mining at South Emu for over 2 years and in 2020 cut a new 700m long decline from the SouthEmu pit to gain access under the historic Triton Mine. Ore development commenced on two levels on the line of lode immediately north of the Triton mine where there was no historic stoping. Independent ventilation and escapeways have now been established and is the catalyst to commence stopeproduction from Triton North. Previous surface diamond drilling completed by Westgold to test the down plunge continuity of the Triton North lodes returned substantial results showing the system remains very fertile at depth. Selected results include 9m @ 5.39 g/t Au in drill hole 17RERD001a and 2.9m @ 10.21g/t Au, 2.33m @ 6.56g/t Au and 2.68m @ 109.63 g/t Au in drill hole 17REDR002. The latest drilling in the upper part of the Triton North lodes have returned excellent results and confirmed the continuity of these lodes.

Westgold Resources Limited Provides Operational Update at its Bluebird Underground Mine at Meekatharra

2021-07-07 05:12:00

Westgold Resources Limited announced that the new Bluebird Underground mine at Meekatharra has recommenced operations after development works were temporarily suspended due to COVID-19 labour issues earlier in the year. During this hiatus a significant underground drilling program was completed with excellent results extending the resource and mine design. The Bluebird Underground becomes the third satellite underground mine feeding high-grade ore to the Group's 1.8 Mtpa processing hub at Meekatharra. Bluebird Line of Lode; depicts a schematic projection of 2.0km of the line of lode with the Bluebird mine at its core. This 2km line of lode has not been extensively drilled below 130m in depth but has been a prolific producer havingproduced 700,000oz of gold from the shallow [130m] Bluebird and South Junction open pits alone. The historic production endowment of over 5,000 oz per vertical metre from the two existing pits has seen Westgold focus its recent drilling programmes beneath Bluebird to define an initial 3 year mine plan. The results from the limited deeper drilling across the Iron Bar, Polar Star, South Junction, Eden Hope, Bluebird and Bluebird North lodes, shows the potential to develop additional underground mines across of this open system and future drill programmes will evaluate these extensions.

Westgold Resources Limited Presents at Diggers and Dealers Mining Forum, Aug-03-2021 09:00 AM

2021-06-30 19:09:00

Westgold Resources Limited Presents at Diggers and Dealers Mining Forum, Aug-03-2021 09:00 AM. Venue: Goldfields Arts Centre, Cheetham Street, Kalgoolie, Western Australia, Australia. Speakers: Debbie Fullarton, Chief Executive Officer.

Westgold Resources Limited Provides Big Bell Operational Update

2021-06-30 04:24:00

Westgold Resources Limited provided this operational update on the progress of company's Big Bell operation. The Company's Big Bell underground operation has continued its systematic ramp-up in output in the June quarter of financial year 2021 [FY21]. As mine output in the first quarter of FY2022 is set to increase again, Westgold is confident that this trend will continue with Big Bell reaching its targeted output of +80,000 tonnes per month by calendar year end. Westgold acknowledges that its ramp up has been slower than expected and was delayed by the incident at the mine which impacted output into Third Quarter of FY21. The critical driver to the ramp up is a strict sequencing protocol over multiple levels. This requires an intensive ground support regime to manage the active cave front and stress releases which, coupled with some legacy issues with the old cave, resulted in slower yet steady progress to date. Westgold is now through this difficult phase, has commissioned its new underground production fleet and begun optimising in-mine production processes to sustain the long-term higher production rate of the mine.