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Metal & Mining Stocks
Westgold Resources Limited (TSX: WGX) Outlines Scoping Study for Higginsville Processing Plant Expansion
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Highlights
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.
Under the proposed expansion, steady-state gold production at Higginsville is expected to rise from 87,000 ounces per annum (kozpa) to a range of 122,000 to 160,000 kozpa, based on the 2024 Ore Reserve grade of 1.9g/t. The expansion is also expected to lower processing costs from approximately A$36 per tonne to A$33 per tonne, while reducing the All-in-Sustaining-Cost (AISC) by around A$142 per ounce in the Southern Goldfields.
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