Western Gold Resources

Name

Western Gold Resources

Legal name

Western Gold Resources Limited

Website

https://westerngoldresources.com.au

Company type

Public

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Gold Mining

NAICS

Gold Ore and Silver Ore Mining (21222)

SIC

Gold And Silver Ores (1040)

akta.pro primary industry

Gold Mining (IMAKAEAA)

Keywords

• Gold exploration
• Gold mining
• Mineral resource extraction
• Gold production
• Gold commodity sales

Headquarters

HQ city

Perth

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Gold Production and Sales: Revenue generated from gold production and sales. The company has achieved key milestones toward near-term production including mining approvals and ore milling agreement with Wiluna Mining Corporation.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Western Gold Resources is a single-asset gold mining company exploring for and producing gold from its 100%-owned Gold Duke Project in the Wiluna region of Western Australia. The company is transitioning from explorer to producer, having secured mining approvals at four deposits (Eagle, Emu, Golden Monarch, Gold King) and a binding toll processing arrangement at the nearby Wiluna Processing Plant. The company's fundamental output is gold bullion sold into commodity markets, with a Stage 1 Mining Project targeting 34koz of production.

Product overview

Western Gold Resources is a single-project focused gold exploration and mining company undergoing transition from explorer to producer. The company operates the Gold Duke Project (formerly Wiluna West Gold Project), a 100%-owned gold mining operation in the Wiluna region of Western Australia. The project encompasses multiple gold deposits (Eagle, Emu, Golden Monarch, Gold King, Joyners Find, Bottom Camp, Bowerbird, Brilliant, Bronzewing, Comedy King, and Wren) with existing mining approvals for four deposits. Ore processing is handled through a toll treatment agreement with Wiluna Mining Corporation's Wiluna Processing Plant located 46km away.

Differentiator

Problem solved

Functional benefit

Products and services

• Gold Duke Project The flagship 100%-owned gold mining project located 35km southwest of Wiluna in Western Australia, covering 25km of the Joyners Find Greenstone Belt and holding a JORC 2012 Mineral Resource of 214,000oz at 2.1g/t Au across the Eagle, Emu, Golden Monarch, and Gold King deposits (with a reported total of 293,000oz at 2.0g/t Au inclusive of additional deposits). Mining approvals are in place for all four deposits and ore is hauled 46km to the Wiluna Processing Plant under a binding toll milling agreement with Wiluna Mining Corporation.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core.

• SSH Group Limited (ASX:SSH)coreImplementation/ SI/ Consulting Partner · 15 January 2025SSH Group Limited selected as preferred mining contractor for the Gold Duke Project following a non-binding notice of appointment. SSH Group has offered a non-dilutive capital facility under a deferred payment arrangement to support cash flow during early mining stages. SSH Group is an ASX-listed service provider with capabilities across mining, civil, and construction industries.
• Wiluna Mining CorporationcoreStrategic or Co-development PartnerWiluna Mining Corporation operates the Wiluna Processing Plant, which is the closest and most logical processing facility for the Gold Duke Project. Western Gold Resources has signed a binding ore milling agreement with Wiluna Mining Corporation for toll treatment of ore from the Gold Duke Project. The haulage distance is only 46km via an existing haulage route.

Scale indicators7 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Ramelius Resources: Established ASX-listed gold producer with multiple operations in Western Australia; a broader incumbent in the WA gold space, offering relevant benchmarking on unit costs, recovery rates, and project economics.
• Silver Lake Resources: ASX-listed gold producer with multiple mines in Western Australia; comparable in scale-up trajectory from explorer to multi-asset producer and in CIL processing flowsheet.
• Gold Road Resources: Mid-tier gold producer with a major JV interest in the Gruyere mine in Western Australia; useful benchmark for jurisdictional risks, infrastructure access, and processing economics in the WA gold belt.
• Capricorn Metals: Mid-tier WA-focused gold producer with the Karlawinda operation; comparable geography, mining method, and processing approach, providing relevant peer economics and capital allocation benchmarks.

Direct peers

• Westgold Resources Limited: Mid-tier gold producer operating in Western Australia with multiple mines; comparable in jurisdiction, processing model (CIL), and target market. WGR's MD Cullum Winn was previously at Westgold, indicating operational overlap.
• Wiluna Mining Corporation: Owner of the Wiluna Processing Plant and WGR's contracted toll-milling partner; operates gold mining in the same Wiluna region of Western Australia, directly comparable in geography, processing route, and target customer base.
• Norton Gold Fields: Western Australian gold producer with a portfolio of operating mines; directly comparable in mining method, jurisdiction, and stage of operations. Cullum Winn also previously held roles at Norton.

Emerging players

• Horizon Minerals: ASX-listed junior gold developer pursuing a hub-and-spoke processing strategy in Western Australia; comparable in toll-milling business model and target resource scale to WGR.
• Musgrave Minerals: ASX-listed gold explorer-developer with projects in Western Australia; similar stage and scale to WGR, with comparable dependence on third-party processing infrastructure and exploration success.
• Yandal Resources: WA-focused gold explorer with projects adjacent to existing operations; comparable in resource size, exploration approach, and pre-production stage to WGR's Gold Duke Project.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/western-gold-resources

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Western Gold Resources