The Cue Gold Project is located in the highly prospective Murchison Gold Province, Western Australia. The Cue Gold Project covers an area of approximately 65km² in the Dawn Day Goldfield. It is situated immediately south of Westgold’s renowned Great Fingall Gold Mines (historical production of 1.2Moz at an average grade of 19.2 g/t gold).¹

The geological setting of the Cue Gold Project is considered highly prospective for high-grade quartz reef-hosted gold deposits, similar to those found at Great Fingall, Golden Crown and Break of Day.

Historical drilling, soil samples and geophysical exploration programs have been reviewed and a number of areas identified for further exploration. High-grade historical drilling assays were recently identified at multiple prospects, including Ada, Chloe and Transformer with new prospect areas identified from the desktop review. This has resulted in materially enhanced prospectivity for very little expenditure.

Ground gravity surveys, a key dataset for identifying the location of cross cutting structures in the host dolerite, are planned to commence in late 2025, with the acquisition and processing of this data expected to take around 6-8 weeks. Results from this survey are keenly anticipated, as this exploration method was successfully utilised at the nearby Break of Day area by Musgrave Minerals, leading to the discovery of high-grade gold structures and subsequent takeover by Ramelius Resources. The same methodology has been deployed by Westgold Resources on the adjoining tenements to the north of the Cue Gold Project, where recent gravity survey results identified previously invisible key cross cutting structures.

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¹ Refer to Westgold Resources ASX Announcement 16 January 2024