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Highlights
- Scoping study assesses expansion of Higginsville plant from 1.6Mtpa to 2.6Mtpa
- Expansion aims to increase gold production to between 122kozpa and 160kozpa
- Financial outlook indicates a mid-point IRR of 37% and a payback period of 2.1 years
Westgold Resources Limited (TSX: WGX) has provided an update on its Scoping Study regarding the potential expansion of the Higginsville Processing Plant in Western Australia. The study evaluates the expansion from its current processing capacity of 1.6Mtpa to 2.6Mtpa, which would improve efficiency and reduce operating costs per tonne. The Higginsville Expansion Plan (HXP) is designed to support further growth as new resource opportunities emerge in the area.
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