Western Exploration Inc.
Anticipating Significant Resource Expansion / Raising Our Fair Value Estimate
Published: 11/6/2024
Author: FRC Analysts
*See important disclosures at the bottom of this reportSector: Basic Materials | Industry: Other Precious Metals & Mining
Ticker Symbols:
WEX.V - NEO 🔹
WEXPF - NASDAQ 🔹
- Since our previous report in January 2024, WEX has made significant progress at its Aura gold-silver project (Nevada).
- The project hosts three deposits (Doby George, Wood Gulch, and Gravel Creek) with indicated resources totalling 652 Koz gold equivalent (“AuEq”), and inferred resources totaling 665 Koz AuEq. Doby George hosts near-surface/high-grade oxide gold resources, while Gravel Creek hosts underground/high-grade sulfide gold resources.
- A key advantage of Doby George is that its near-surface resource is suitable for heap leach processing, suggesting potential for relatively low OPEX and CAPEX.
- Recent metallurgical h