Fletcher ore reserve totals 1.1 Moz

Canada NewsWire

30% increase in Fletcher Total Resource with a 426% increase in the Indicated Resource classification

PERTH, Western Australia , Aug. 18, 2026 /CNW/ -- Westgold Resources Limited (ASX: WGX) (TSX: WGX) (Westgold or the Company) is pleased to announce a maiden Ore Reserve and an updated Mineral Resource for the Fletcher deposit. Fletcher is an emerging mining opportunity and is one of three major mineralised systems within Westgold's Beta Hunt mining complex at Kambalda, Western Australia.

Highlights

Maiden Fletcher Ore Reserve of 13.5Mt at 2.6g/t Au for 1.1Moz establishes a substantial new mineable inventory at Beta Hunt - supported by completed mine planning, commercial evaluation and a Pre-Feasibility Study.

Fletcher's Mineral Resource has increased by approximately 30% to 40.1Mt at 2.3g/t Au for 3.0Moz - including a 426% increase in Indicated Mineral Resource ounces to 1.55Moz at 2.7g/t Au .

Approximately 74% of the updated Indicated Mineral Resource ounces have converted into the maiden Ore Reserve for Fletcher - materially enhancing the confidence and potential scale for Fletcher to become a third mining front at Beta Hunt.

Total Beta Hunt Ore Reserve now stands at 21.7Mt at 2.34g/t Au for 1.6Moz and Mineral Resource at 74.6Mt at 2.25g/t Au for 5.4Moz - representing 201% increase in Ore Reserve and 104% increase in Mineral Resource since acquisition in August 2024 1 .

Increasing scale of Fletcher now underpins assessment of a 4Mtpa processing case - with the Definitive Feasibility Study now being advanced ahead of the 2.6Mtpa Higginsville expansion.

Upcoming catalysts include:

completion of the 4Mtpa processing expansion study,

an underground mass-haulage study for Fletcher, and

continued drilling of Fletcher's open northern extension - with the Mason target providing additional longer-term growth potential to the south

Westgold Managing Director and CEO Wayne Bramwell com