The Mineral Resource at Starlight has risen 91% to 12.9mt @ 2.7g/t Au for 1.13Moz of gold following a successful 2-year drill program which targeted expansion and LOM extensions. WGX has now initiated a Scoping Study on expansion options, with the release targeted for 2QFY25 and is a key near-term catalyst. A positive result for WGX, with the program lifting the MRE at Starlight (Fortnum). This should enable an expansion or a LOM extension to Starlight, which is upside to our current estimates. We currently forecast a total of 300koz of gold production over the remaining estimated 6-year LOM at Fortnum. We reiterate our BUY rating on WGX and maintain our price targets of A$4.50 and C$4.20.
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