Western Gold Resources Ltd. · ASX:WGR
Western Gold Resources — Shareholder Meeting (November 2021)
14 slides from Western Gold Resources's shareholder meeting presentation, Nov 26, 2021
Slide 1: Western Gold Resources Annual General Meeting 2021
Western Gold Resources Annual General Meeting 2021 THE BUXE Company
Slide 2: Corporate Overview
Corporate Overview (ASX:WGR) CAPITAL STRUCTURE SHAREHOLDER STRUCTURE 11.5% 4.1% Shares on issue m 81.4 Market cap at $0.17/sh m 13.8 16.9% Cash at 30 September 2021 A$m 5.1 67.5% Debt A$m - Enterprise Value A$m 8.7 Notes: Excludes 10.0m options issued to directors ($0.25/1 July 2024) and 3.0m option
Slide 3: Investment Highlights
Investment Highlights Western Gold (ASX:WGR) is a newly listed, advanced gold exploration company with near term production potential at its Gold Duke Project Existing JORC 2012 Resource* of 293,000oz au at 2.0 g/t and growing. Resource update expected Q1 2022. Gold Duke Project (100% gold rig
Slide 4: Gold Duke Project
GOLD DUKE PROJECT Located on 7 mining leases covering 25 km of strike over the Joyners Find Greenstone Belt, located proximate to the northern part of the highly productive Norseman - Wiluna Greenstone Belt Near-term gold production potential with significant scope and prospectivity for increasi
Slide 5: Mineral Resources
MINERAL RESOURCES Existing JORC 2012 Mineral Resource Estimate* of 293,000oz au at 2.0 g/t and growing. Growth in resources to come from discovery of new deposits and growth of known deposits Grade (g/t JORC Status Year Prospect Classification Tonnes Ounces Au) Combined Mineral Resource Estimate JOR
Slide 6: Exploration Strategy
EXPLORATION STRATEGY Focus on target generation and greenfields exploration to underpin resources growth combined with resource upgrades and mining approvals for advanced resources TARGET GENERATION The use of modern geophysical and geochemical techniques to create new targets for drilling: • Comple
Slide 7: 2021 Drilling Program – Work Completed
2021 DRILLING PROGRAM – WORK COMPLETED Drilling Completed Three Programs of Drilling Completed – 169 holes for 8233m * • Emu – 51 holes for 2474m • Eagle – 109 holes for 6663m • Blob – 9 holes for 736m Surface Geochemistry • 2000 Ultrafines soil samples taken, (Brilliant, Wren, Prince Ivan) • 260 Ro
Slide 8: Resource Upgrades and Near-Term Production
RESOURCE UPGRADES AND NEAR- TERM PRODUCTION Four deposits at the Gold King Project, that comprise 61% of the total resources at the Gold Duke project have established resources that are currently being drilled to provide resource upgrades and close out mineralisation along strike and at depth: 1
Slide 9: Resource Upgrades - Eagle
RESOURCE UPGRADES - EAGLE Eagle deposit is 4 km north of the Golden Monarch deposit on the same geological structure. Combined JORC 2012 Mineral Resource estimate of 790,000t @ 1.8 g/t Au for 45,000 oz Au, comprising 110,000t @2.8 g/t Au for 10,000 oz Au Indicated and, 680,000t @ 1.6 g/t Au
Slide 10: Brownfield Targets
BROWNFIELD TARGETS • Significant number of prospects that have resources that have been poorly tested by previous drilling of targets that remain untested by drilling The Gold Duke project has numerous brownfield prospects that all have significant potential to increase the resources base, The proje
Slide 11: Greenfield Targets
GREENFIELD TARGETS • The Gold Duke project is being actively explored to generate new targets and significant increase resources The Gold Duke project has a number of other prospects that also have significant potential to increase the resources base, The projects include: Butcher Bird – limited w
Slide 12: Greenfields Target – Kingfisher North
GREENFIELDS TARGET – KINGFISHER NORTH • Using modern exploration techniques to discover new resources • The north of the Kingfisher prospect - preliminary interpretation of the SAM survey has indicated the potential intrusive units. The geological interpretation indicates the the Brilliant Shear Zon
Slide 13: Greenfield Target – Prince Ivan
GREENFIELD TARGET – PRINCE IVAN • Using modern exploration techniques to discover new resources • Partnership to utilise CSIRO’s world-leading expertise to analyse soil sample assay data and provide new data analytics and targeting for mineral exploration, improving the prospects of future discoveri
Slide 14: Disclaimer / Competent Person Statement
DISCLAIMER / COMPETANT PERSON STATEMENT This presentation by its nature contains summarised information. See other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange by Western Gold Resources Limited (WGR), which are available at www.asx.com.au for more i
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