
Westgold Resources commits to Cue Expansion Plan, lifting throughput from 1.4 Mtpa to 1.7 Mtpa by FY28. CEO cites rising underground output from Big Bell and Great Fingall mines.
Westgold Resources (ASX:WGX) has committed to the Cue Expansion Plan (CXP) at its Western Australian processing hub, a capital-light upgrade designed to lift throughput from 1.4 million tonnes per annum to 1.7 Mtpa by financial year 2028.
Chief executive Wayne Bramwell told shareholders the decision reflects a deliberate shift toward processing hub optimisation across the broader business. The CXP is underpinned by rising underground output from Westgold's Big Bell and Great Fingall mines near Cue, both of which are feeding larger stockpiles.
"Bigger mines need bigger mills. Westgold's underground mine outputs are growing across all the Murchison operations and building ore stockpiles from FY27 onwards," Bramwell said.
Open pit mining is already underway at Cue and Meekatharra, with that organic growth supporting the incremental expansion. The plan includes small open pits at Cue and additional near-hub resource development opportunities at Big Bell South and Cuddingwarra. Bramwell said those targets sit within roughly 50 km of the Cue hub and, if drilling is successful, could add significant ore sources in FY28.
Further upside may come from the operating Fender underground mine, smaller open pits near Cue, and potential third-party ore supply via existing purchase agreements.
Study work indicates the mill motor power will increase from 2.9 MW to 4.2 MW through a replacement liquid-cooled motor and variable speed drive, along with associated system and pumping upgrades. The process plant upgrade is designed to lift the milling circuit throughput from the current nominal 170 t/h to 200 t/h. That expansion is scheduled for completion in late FY27, with the higher installed capacity supporting an increase of roughly 15,000 ounces per annum from the Cue hub from FY28 onward.
Westgold will now progress detailed engineering, procurement planning, and execution sequencing for the CXP while continuing brownfields drilling at near-mill opportunities to define future ore optionality.
The stock traded at A$4.96, up 2.27%, giving the company a market capitalisation of roughly A$4.56 billion.
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