Westgold Resources (ASX:WGX) completed a scoping study at the Fortnum gold operation in Western Australia, according to a Tuesday filing with the Australian bourse.
An extension to the current operation is expected to deliver a 10-year integrated mine plan at a mineral resource estimate of 12.9 million tonnes of material at 2.7 grams per tonne grade of gold for 1.1 million gold ounces, the filing said.
Company shares rose past 4% in recent Tuesday trade.
Price (AUD): $3.15, Change: $+0.13, Percent Change: +4.13%
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