Company News Summary | 11 Feb 2020
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Westgold Resources Releases ASX Investor Gold Conference - Company Presentation
15:55:00 | Associate analysts
Original annuncemenet:ASX INVESTOR GOLD CONFERENCE - COMPANY PRESENTATION
Westgold Resources released ASX presentation stating that the Company is a dominant gold Producer in the Central Murchison region of W.A. The Company has 3 processing plants with the production expected to be 300,000oz in CY 2020. The Company advised that Big Bell Mine reported Total Mineral Resource 2.11 Moz and Total Ore Reserve 1.1 Moz with an annual production of 1 million tonnes per annum with Annual gold output 100,000oz per annum. The mine is ready to commence sub-level caving in late Feb 2020. The Company advised on the Castile Demerger stating 1:4 In-specie Distribution to Westgold Shareholders 99.85m shares and 1:1 Entitlements Issue exclusively to Westgold Shareholders 99.85m shares.
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