Business

Completion of the Mt Henry-Selene Gold Project Divestment

Westgold Resources Limited (ASX: WGX) (TSX: WGX) (Westgold or the Company) is pleased to announce the completion of the Mt Henry-Selene Gold Project (Mt Henry) divestment to Alicanto Minerals Limited (ASX: AQI) (Alicanto) (the Transaction).

articleWestgold Resources LtdFebruary 15, 20261/company/westgold-resources/news/completion-mt-henry-selene-gold-224100322
Completion of the Mt Henry-Selene Gold Project Divestment

About this update from Westgold Resources Ltd

[{"type":"image","alt":"Westgold Resources Limited Logo (CNW Group/Westgold Resources Limited)","displaySize":"","headline":null,"caption":"Westgold Resources Limited Logo (CNW Group/Westgold Resources Limited)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":61,"url":"https://media.zenfs.com/en/cnwgroup.com/6111724f2f20d0949d63929e900747e7"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/rwn6ujgvOsrDq4e5RA2jGA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTEwODtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/6111724f2f20d0949d63929e900747e7","width":400,"height":61}},"href":"https://mma.prnewswire.com/media/2904365/Westgold_Resources_Limited_Completion_of_the%C2%A0Mt_Henry_Selene_Gol.html","hrefExternal":true,"rel":"nofollow","lazy":false},{"type":"text","content":"Total consideration increases to $110M2 through strategic shareholding in Alicanto","length":82,"tagName":"p"},{"type":"text","content":"PERTH, Western Australia, Feb. 16, 2026 /CNW/ - Westgold Resources Limited (ASX: WGX) (TSX: WGX) (Westgold or the Company) is pleased to announce the completion of the Mt Henry-Selene Gold Project (Mt Henry) divestment to Alicanto Minerals Limited (ASX: AQI) (Alicanto) (the Transaction).","length":288,"tagName":"p"},{"type":"text","content":"Westgold notes the total value of the consideration for Mt Henry has increased from the previously announced $64.6M1 to $110M2, reflecting the increase in the value of Westgold's 19.9% shareholding in Alicanto since the Transaction was announced on 17 December 2025.","length":270,"tagName":"p"},{"type":"text","content":"The Transaction supports Westgold's strategy to simplify our extensive portfolio and realise value for our shareholders from non-core and non-operational assets.","length":165,"tagName":"p"},{"type":"text","content":"Westgold Managing Director and CEO Wayne Bramwell commented: "The transaction with Alicanto unlocks value for Westgold shareholders from assets not within our three-year outlook. Alicanto plans to commence a substantial 50,000m multi-rig drilling program at Mt Henry3 and Westgold, as a significant shareholder in Alicanto will participate in any resulting exploration success. ","length":388,"tagName":"p"},{"type":"text","content":"Westgold's portfolio of mineral assets remains large. The plan to simplify this portfolio continues with the div...

More updates from Westgold Resources Ltd

Mt HenryAlicanto Minerals LimitedWestgold Resources LimitedGold ProjectTransactionAlicantoWestgold