07:38 AM EDT, 09/16/2024 (MT Newswires) -- Westgold Resources ( WGXRF ) on Monday provided an update for the Fletcher Zone at the Beta Hunt Mine in Western Australia within the Southern Goldfields operation.

Westgold assumed control of the assets through its acquisition of Karora Resources in July.

The company announced that the Fletcher global exploration target is of 23-27Mt @ 2.1-2.5 g/t gold for 1.6-2.1 Moz gold. This includes an initial Stage 1 (Southern Zone) exploration target of 12-16Mt @ 2.1-2.5g/t gold for 0.8-1.2 Moz gold.

Westgold is also increasing the current single contract underground drill rig at Fletcher with two rigs from its inhouse fleet.

Separately, Westgold said its FY 2025 production guidance has increased to 400,000 - 420,000 ounces from 220,000 - 235,000 ounces in FY 2024 as the Southern Goldfields assets are integrated.