Norwest Minerals Strengthens Bulgera Gold Project with Upgraded Resource
Norwest Minerals Limited (ASX: NWM) has reported a significant milestone at its wholly owned Bulgera Gold Project in Western Australia, announcing an updated Mineral Resource Estimate (MRE) of 8.7 million tonnes at 0.68 g/t gold, containing 191,000 ounces of gold. The revised estimate is constrained within an optimised open-pit shell using a gold price assumption of AU$5,000 per ounce, with 76% of the resource classified as Indicated, enhancing confidence in the project's development potential. The updated resource provides a stronger technical foundation for the ongoing heap leach scoping study while demonstrating the project's economic viability.
The company has also advanced metallurgical and engineering work, with formal 70-day column leach testing underway after earlier bottle-roll tests delivered 86% gold recoveries from oxide material. Environmental planning, permitting, process optimisation and infrastructure studies are progressing in parallel, supported by specialist consultants. Norwest expects these initiatives to further de-risk the project and support future development decisions, although the company noted that no Ore Reserve or production target has yet been declared.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Norwest Minerals Strengthens Bulgera Gold Project with Upgraded Resource
Norwest Minerals Limited (ASX: NWM) has reported a significant milestone at its wholly owned Bulgera Gold Project in Western Australia, announcing an updated Mineral Resource Estimate (MRE) of 8.7 million tonnes at 0.68 g/t gold, containing 191,000 ounces of gold. The revised estimate is constrained within an optimised open-pit shell using a gold price assumption of AU$5,000 per ounce, with 76% of the resource classified as Indicated, enhancing confidence in the project's development potential. The updated resource provides a stronger technical foundation for the ongoing heap leach scoping study while demonstrating the project's economic viability.
The company has also advanced metallurgical and engineering work, with formal 70-day column leach testing underway after earlier bottle-roll tests delivered 86% gold recoveries from oxide material. Environmental planning, permitting, process optimisation and infrastructure studies are progressing in parallel, supported by specialist consultants. Norwest expects these initiatives to further de-risk the project and support future development decisions, although the company noted that no Ore Reserve or production target has yet been declared.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au