2018 Annual Update of Mineral Resources & Ore Reserves

Summary by 6ix AI

Westgold Resources Ltd has released its annual update on mineral resources and ore reserves, highlighting significant growth in its ore reserves despite mining depletion and divestment activities. The consolidated ore reserve at Westgold's operations is reported to contain a substantial amount of gold, while the mineral resource estimate also reflects a significant quantity of gold. The update emphasizes the company's successful exploration and resource development efforts, which have maintained overall inventory levels. Westgold's Managing Director noted that the past financial year has been transformational, with key investments laying a strong foundation for future growth.

Written by 6ix AI from the company’s filing. How 6ix writes summaries