Westgold Resources Restarts High‑Grade Mining at Great Fingall

Westgold Resources Limited has announced the successful firing of its first high‑grade stope at the historic Great Fingall mine, located near Cue in Western Australia. The restart marks a significant milestone for the company, as it re‑opens access to high‑grade ore zones that were last mined between 1891 and 1918. The first production from the Great Fingall reef is expected to commence shortly, providing a fresh supply of gold from a site that has been dormant for more than a century.

Strategic Implications

The Great Fingall project sits within Westgold’s portfolio of gold‑mining assets, all of which are operated in Australia. By tapping into virgin zones of the reef, the company aims to improve its overall ore grade and extend the life of the mine. This development is expected to enhance the company’s production profile, potentially supporting higher revenue streams and providing a stronger platform for future growth.

Market Context

Westgold’s shares, which trade on the ASX All Markets under the ticker WGX, closed at AUD 5.92 on 10 December 2025, reflecting a market capitalization of approximately AUD 5.56 billion. The company’s price‑to‑earnings ratio sits at 155.64, indicating a valuation that is heavily weighted by the anticipation of future cash flows from its mining operations. The recent restart at Great Fingall is likely to be viewed by investors as a catalyst for improving the company’s earnings outlook.

Operational Highlights

  • First Stope Fired – The company confirmed that the initial high‑grade stope has been fired, enabling the commencement of mining operations in a previously undeveloped section of the reef.
  • High‑Grade Ore Access – The zones targeted were last mined in the early 20th century, and the company anticipates that the ore grades will be comparable to those historically extracted from the site.
  • Historical Significance – Great Fingall is one of the oldest gold reefs in Western Australia, and its revival after more than 100 years of inactivity underscores Westgold’s commitment to leveraging proven gold plays.

Forward‑Looking Statements

Westgold’s announcement includes several forward‑looking statements regarding the potential impact of the restart on production, cash flow, and the company’s long‑term strategy. As with all forward‑looking information, actual outcomes may differ materially from those projected. Investors should review the company’s latest disclosures and risk factors before making investment decisions.

Conclusion

The recommencement of mining at Great Fingall represents a pivotal development for Westgold Resources. By unlocking new high‑grade ore, the company positions itself to strengthen its production base and deliver value to shareholders. The market’s reaction to this announcement will be closely watched, as it may influence the company’s share price trajectory and broader investor sentiment toward Australian gold mining assets.