# WGR: Annual Report to shareholders

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064

Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03146296

Publisher: asx

Original announcement: 2026-09-30T05:39:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-09-30T06:19:06.641Z

Atlas analysis updated: 2026-09-30T06:19:06.641Z

- Company: Western Gold Resources Limited

- Ticker: WGR

- Exchange: ASX

- Region: Western Australia

- Primary commodity: Gold

- Secondary commodities: None reported

- Document categories: Resource update, Other, Metallurgy

- Extracted: 2026-09-30 06:19:07 UTC

Narrative sentiment: 0.70 · Bullish

## Minestarters Atlas summary

Western Gold Resources Limited has released its Annual Report for the year ended 30 June 2026, highlighting a significant update to its Gold Duke Project Mineral Resource Estimate. The updated estimate, effective 20 December 2025, now totals 4.84 Mt at 1.8 g/t Au for 277,000 oz of contained gold, representing a 49% increase in total tonnes and 29% increase in contained gold ounces from the prior year. Notably, Measured and Indicated Resources increased by 107% in tonnes and 44% in contained ounces, providing a stronger foundation for the Expanded Scoping Study and advancing the project towards production.

Reasoning: The annual resource statement confirms a substantial increase in total and higher-confidence gold resources at the Gold Duke Project, driven by new drilling and updated modeling, which significantly de-risks the project and supports its development pathway, despite a slight decrease in overall average grade.

- Positive factor: Significant increase in Measured and Indicated Resources, enhancing project confidence and de-risking.

- Positive factor: Overall contained gold ounces increased by 29%, demonstrating substantial growth in the resource base.

- Positive factor: Extensive close-spaced RC drilling \(33,980 m\) supported the resource update and improved geological confidence.

- Positive factor: Resource estimate is JORC Code 2012 compliant and signed off by a Competent Person.

- Positive factor: Underpins an Expanded Scoping Study with positive project economics.

- Negative factor: Overall average resource grade decreased from 2.1 g/t Au to 1.8 g/t Au, indicating some dilution.

- Negative factor: Indicated category tonnes and ounces decreased, primarily due to conversion to Measured, but still a reduction in that specific category.

Facts used in scoring: 57

## Classification and evidence

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: Measured Resources increased from 3,000 oz to 81,000 oz, indicating a significant upgrade in confidence.

Evidence · text

> Measured Resources increased from 31,000 t for 3,000 oz to 1.60 Mt for 81,000 oz.

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The resource update includes 0.45 Mt at 1.6 g/t Au for 23,000 oz in the Indicated category.

Evidence · text

> 0.45 Mt at 1.6 g/t Au for 23,000 oz in the Indicated category

**Category Upgrade**

Polarity: positive

Definition: Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.

Why it applies: Measured and Indicated Resources increased by approximately 107% in tonnes and 44% in contained gold ounces, with a significant reclassification of material into the Measured category.

Evidence · text

> Measured and Indicated Resources increased from approximately 0.99 Mt for 72,000 oz at 30 June 2025 to approximately 2.05 Mt for 104,000 oz at 30 June 2026. This represents an increase of approximately 107% in Measured and Indicated tonnes and approximately 44% in contained Measured and Indicated gold ounces

**Tonnage Growth**

Polarity: positive

Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved.

Why it applies: Overall Gold Duke Mineral Resource increased from 3.25 Mt at 30 June 2025 to 4.84 Mt at 30 June 2026, an increase of approximately 49% in total tonnes.

Evidence · text

> Overall, the Gold Duke Mineral Resource increased from 3.25 Mt at 2.1 g/t Au for 214,000 oz at 30 June 2025 to 4.84 Mt at 1.8 g/t Au for 277,000 oz at 30 June 2026. This represents an increase of approximately 49% in total tonnes

**Contained Metal Growth**

Polarity: positive

Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: Overall Gold Duke Mineral Resource increased from 214,000 oz at 30 June 2025 to 277,000 oz at 30 June 2026, an increase of approximately 29% in contained gold ounces.

Evidence · text

> Overall, the Gold Duke Mineral Resource increased from 3.25 Mt at 2.1 g/t Au for 214,000 oz at 30 June 2025 to 4.84 Mt at 1.8 g/t Au for 277,000 oz at 30 June 2026. This represents an increase of approximately 49% in total tonnes and 29% in contained gold ounces.

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: The information relating to the Gold Duke Mineral Resource estimates is based on data compiled by Mr. Richard Bray, a Competent Person as defined in the JORC Code.

Evidence · text

> The information in this announcement relating to the Grade Control Drilling Exploration Results and information informing the Gold Duke Mineral Resource estimates is based on data compiled by Mr. Richard Bray, a Registered Professional Geologist with the Australian Institute of Geoscientists and an employee of the Company. ... to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(JORC Code\).

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The Mineral Resource Estimate has been reported in accordance with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the “JORC Code”\).

Evidence · text

> The Mineral Resource Estimate has been reported in accordance with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the “JORC Code”\).

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The document presents the Annual Mineral Resource Statement for 30 June 2026, reflecting an updated Mineral Resource Estimate.

Evidence · text

> Annual Mineral Resource Statement

**Grade Decline**

Polarity: negative

Definition: Average grade dropped &gt;5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.

Why it applies: The overall Gold Duke Mineral Resource average grade decreased from 2.1 g/t Au at 30 June 2025 to 1.8 g/t Au at 30 June 2026.

Evidence · text

> Overall, the Gold Duke Mineral Resource increased from 3.25 Mt at 2.1 g/t Au for 214,000 oz at 30 June 2025 to 4.84 Mt at 1.8 g/t Au for 277,000 oz at 30 June 2026.

**High Recovery**

Polarity: positive

Story-specific tag

Definition: Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: Metallurgical testwork has previously demonstrated recoveries of up to 95.1% from Gold Duke oxide mineralisation, which is considered high for gold.

Evidence · text

> Metallurgical testwork has previously demonstrated recoveries of up to 95.1% from Gold Duke oxide mineralisation

**Recovery Stagnant**

Polarity: neutral

Story-specific tag

Definition: No improvement across multiple test programs on comparable material.

Why it applies: The document states 'Metallurgical testwork has previously demonstrated recoveries of up to 95.1%', implying no new testwork results are being presented, only a conservative figure applied.

Evidence · text

> Metallurgical testwork has previously demonstrated recoveries of up to 95.1% from Gold Duke oxide mineralisation, with a more conservative 93% recovery applied in the Expanded Scoping Study.

**Single Domain Only**

Polarity: negative

Definition: Testing limited to one composite or domain — representativeness not established.

Why it applies: only one composite was tested

## Extracted facts

Stored fact records: 57. Some facts used in scoring do not have a stored record.

## Resource Estimates (55)

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-0)

Gold Duke · gold

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-20T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:21fc360015ba8c2ee319
- Deposit or zone: Eagle
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: measured
- Tonnes: 548000
- Grade: 1.8
- Grade Unit: g/t
- Contained Metal: 32000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-12-20

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: New Measured Resource established for Eagle deposit, significantly improving confidence and contributing to overall resource growth.

- Positive factor: New Measured Resource established from close-spaced 2025 grade control/infill drilling, which materially improved confidence in the continuity and geometry of the Eagle mineralised lodes.

Evidence · table

> 1.8

Context: 548

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-1)

Gold Duke · gold

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-20T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:79af4c255bef5952a8bd
- Deposit or zone: Emu
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: measured
- Tonnes: 312000
- Grade: 1.3
- Grade Unit: g/t
- Contained Metal: 13000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-12-20

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: New Measured Resource established for Emu deposit, improving confidence, though with a lower grade reflecting better definition.

- Positive factor: New Measured Resource established from close-spaced 2025 grade control/infill drilling.

- Negative factor: The lower Measured grade reflects improved definition of the local grade distribution within the mining area.

Evidence · table

> 1.3

Context: 312

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-2)

Gold Duke · gold

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-20T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:aeff581884a5251c1905
- Deposit or zone: Golden Monarch
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: measured
- Tonnes: 491000
- Grade: 1.4
- Grade Unit: g/t
- Contained Metal: 22000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-12-20
- Prior Tonnes: 31000
- Prior Grade: 3.1
- Prior Contained Metal: 3000

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Significant increase in Measured Resource for Golden Monarch, improving confidence, though with a lower grade due to better delineation.

- Positive factor: Measured Resource increased substantially following close-spaced drilling and revised lode interpretation.

- Negative factor: The lower Measured grade reflects improved delineation of mineralised boundaries and local grade variability.

Evidence · table

> 1.4

Context: 491

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Tonnage Growth**

Polarity: positive

Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved.

Why it applies: 491000 against 31000 previously

**Grade Decline**

Polarity: negative

Definition: Average grade dropped &gt;5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.

Why it applies: 1.4 against 3.1 previously

**Contained Metal Growth**

Polarity: positive

Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: 22000 against 3000 previously

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-3)

Gold Duke · gold

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-20T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:a27aa47b4ad3932fef50
- Deposit or zone: Gold King
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: measured
- Tonnes: 250000
- Grade: 1.7
- Grade Unit: g/t
- Contained Metal: 14000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-12-20

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: New Measured Resource established for Gold King, increasing confidence and contributing to overall resource growth.

- Positive factor: New Measured Resource established from close-spaced 2025 drilling, refined modelling of the Gold King/Gold Hawk mineralised domains and increased confidence in geological and grade continuity.

Evidence · table

> 1.7

Context: 250

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-4)

Gold Duke · gold

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-20T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:4362aa3a23bfb6b0182f
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: measured
- Tonnes: 1601000
- Grade: 1.6
- Grade Unit: g/t
- Contained Metal: 81000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-12-20
- Prior Tonnes: 31000
- Prior Grade: 3.1
- Prior Contained Metal: 3000

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: A substantial increase in Measured Resources, driven by new drilling, significantly de-risks the project, despite a lower average grade.

- Positive factor: Total Measured Resource increased substantially from 3,000 oz to 81,000 oz, indicating a significant upgrade in confidence.

- Positive factor: Close-spaced drilling significantly improved geological confidence.

- Negative factor: The average grade for Total Measured Resources decreased from 3.1 g/t Au to 1.6 g/t Au.

Evidence · table

> 1.6

Context: 1,601

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Tonnage Growth**

Polarity: positive

Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved.

Why it applies: 1601000 against 31000 previously

**Grade Decline**

Polarity: negative

Definition: Average grade dropped &gt;5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.

Why it applies: 1.6 against 3.1 previously

**Contained Metal Growth**

Polarity: positive

Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: 81000 against 3000 previously

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-5)

Gold Duke · gold

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-20T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:ee41b9ad89d774cf657c
- Deposit or zone: Eagle
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: indicated
- Tonnes: 72000
- Grade: 2.4
- Grade Unit: g/t
- Contained Metal: 6000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-12-20
- Prior Tonnes: 310000
- Prior Grade: 2.5
- Prior Contained Metal: 26000

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Indicated resources for Eagle decreased due to successful conversion to Measured category, which is a positive for overall confidence but a reduction in this specific category.

- Positive factor: Indicated material was reduced principally through conversion to Measured following close-spaced drilling, indicating an upgrade in confidence for a portion of the resource.

- Negative factor: Indicated material reduced significantly from 26 koz to 6 koz.

Evidence · table

> 2.4

Context: 72

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Tonnage Decline**

Polarity: negative

Definition: Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.

Why it applies: 72000 against 310000 previously

**Contained Metal Decline**

Polarity: negative

Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.

Why it applies: 6000 against 26000 previously

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-6)

Gold Duke · gold

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-20T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:ecf54caa479310155ca2
- Deposit or zone: Emu
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: indicated
- Tonnes: 81000
- Grade: 1.3
- Grade Unit: g/t
- Contained Metal: 3000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-12-20
- Prior Tonnes: 120000
- Prior Grade: 1.9
- Prior Contained Metal: 7000

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Indicated resources for Emu decreased due to conversion to Measured and refined modeling, which is positive for confidence but shows a reduction in this category and grade.

- Positive factor: Indicated material reduced principally through conversion to Measured, indicating an upgrade in confidence for a portion of the resource.

- Negative factor: Indicated material reduced significantly from 7 koz to 3 koz.

- Negative factor: Updated drilling and interpretation also refined the grade distribution and mineralised boundaries, resulting in a lower grade.

Evidence · table

> 1.3

Context: 81

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Tonnage Decline**

Polarity: negative

Definition: Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.

Why it applies: 81000 against 120000 previously

**Grade Decline**

Polarity: negative

Definition: Average grade dropped &gt;5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.

Why it applies: 1.3 against 1.9 previously

**Contained Metal Decline**

Polarity: negative

Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.

Why it applies: 3000 against 7000 previously

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-7)

Gold Duke · gold

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-20T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:32e8561b1701310bba84
- Deposit or zone: Golden Monarch
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: indicated
- Tonnes: 135000
- Grade: 1.4
- Grade Unit: g/t
- Contained Metal: 6000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-12-20
- Prior Tonnes: 280000
- Prior Grade: 2.3
- Prior Contained Metal: 20000

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Indicated resources for Golden Monarch decreased due to conversion to Measured and revised modeling, which is positive for confidence but shows a reduction in this category and grade.

- Positive factor: Indicated material reduced principally through conversion to Measured, indicating an upgrade in confidence for a portion of the resource.

- Negative factor: Indicated material reduced significantly from 20 koz to 6 koz.

- Negative factor: Revised geological interpretation and RPEEE constraints redistributed material between classification categories, resulting in a lower grade.

Evidence · table

> 1.4

Context: 135

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Tonnage Decline**

Polarity: negative

Definition: Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.

Why it applies: 135000 against 280000 previously

**Grade Decline**

Polarity: negative

Definition: Average grade dropped &gt;5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.

Why it applies: 1.4 against 2.3 previously

**Contained Metal Decline**

Polarity: negative

Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.

Why it applies: 6000 against 20000 previously

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-8)

Gold Duke · gold

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-20T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:bd6d76f813f918e2b513
- Deposit or zone: Gold King
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: indicated
- Tonnes: 165000
- Grade: 1.6
- Grade Unit: g/t
- Contained Metal: 8000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-12-20
- Prior Tonnes: 250000
- Prior Grade: 2
- Prior Contained Metal: 16000

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Indicated resources for Gold King decreased due to conversion to Measured and refined modeling, which is positive for confidence but shows a reduction in this category and grade.

- Positive factor: Indicated material reduced principally through conversion to Measured following infill drilling and refined modelling, indicating an upgrade in confidence for a portion of the resource.

- Negative factor: Indicated material reduced significantly from 16 koz to 8 koz.

- Negative factor: Grade decreased from 2.0 g/t Au to 1.6 g/t Au.

Evidence · table

> 1.6

Context: 165

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Tonnage Decline**

Polarity: negative

Definition: Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.

Why it applies: 165000 against 250000 previously

**Grade Decline**

Polarity: negative

Definition: Average grade dropped &gt;5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.

Why it applies: 1.6 against 2 previously

**Contained Metal Decline**

Polarity: negative

Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.

Why it applies: 8000 against 16000 previously

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-9)

Gold Duke · gold

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-20T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:c1dc1787535a82991728
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: indicated
- Tonnes: 453000
- Grade: 1.6
- Grade Unit: g/t
- Contained Metal: 23000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-12-20
- Prior Tonnes: 960000
- Prior Grade: 2.2
- Prior Contained Metal: 69000

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: While the Indicated category saw a reduction in tonnes and ounces, this was largely due to successful conversion to Measured resources, indicating an overall positive shift in confidence.

- Positive factor: The reduction in Indicated category is primarily a consequence of material being upgraded into the Measured category, which is a positive for overall resource confidence.

- Negative factor: Total Indicated Resources decreased significantly from 69,000 oz to 23,000 oz.

- Negative factor: Average grade for Total Indicated Resources decreased from 2.2 g/t Au to 1.6 g/t Au.

Evidence · table

> 1.6

Context: 453

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Tonnage Decline**

Polarity: negative

Definition: Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.

Why it applies: 453000 against 960000 previously

**Grade Decline**

Polarity: negative

Definition: Average grade dropped &gt;5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.

Why it applies: 1.6 against 2.2 previously

**Contained Metal Decline**

Polarity: negative

Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.

Why it applies: 23000 against 69000 previously

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-10)

Gold Duke · gold

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-20T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:d7466bc5f07eade0ea31
- Deposit or zone: Eagle
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: inferred
- Tonnes: 27000
- Grade: 2.6
- Grade Unit: g/t
- Contained Metal: 2000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-12-20
- Prior Tonnes: 100000
- Prior Grade: 2
- Prior Contained Metal: 7000

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Inferred resources for Eagle decreased due to conversion to higher confidence categories, which is a positive for overall resource confidence.

- Positive factor: Inferred Resource reduced as close-spaced drilling converted most of the previously lower-confidence Eagle inventory to Measured and Indicated, indicating an upgrade in confidence for a portion of the resource.

- Negative factor: Inferred Resource reduced from 7 koz to 2 koz.

Evidence · table

> 2.6

Context: 27

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Tonnage Decline**

Polarity: negative

Definition: Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.

Why it applies: 27000 against 100000 previously

**Grade Improvement**

Polarity: positive

Definition: Average resource grade improved vs prior estimate — better deposit economics.

Why it applies: 2.6 against 2 previously

**Contained Metal Decline**

Polarity: negative

Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.

Why it applies: 2000 against 7000 previously

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-11)

Gold Duke · gold

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-20T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:5f2b91c3d6b86f0ab6eb
- Deposit or zone: Emu
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: inferred
- Tonnes: 72000
- Grade: 1.2
- Grade Unit: g/t
- Contained Metal: 3000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-12-20
- Prior Tonnes: 120000
- Prior Grade: 2.1
- Prior Contained Metal: 8000

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Inferred resources for Emu decreased due to conversion to higher confidence categories, which is positive for overall resource confidence, but also shows a grade reduction.

- Positive factor: Inferred Resource reduced as drilling increased confidence and converted material to higher classifications, indicating an upgrade in confidence for a portion of the resource.

- Negative factor: Inferred Resource reduced from 8 koz to 3 koz.

- Negative factor: Grade decreased from 2.1 g/t Au to 1.2 g/t Au.

Evidence · table

> 1.2

Context: 72

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Tonnage Decline**

Polarity: negative

Definition: Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.

Why it applies: 72000 against 120000 previously

**Grade Decline**

Polarity: negative

Definition: Average grade dropped &gt;5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.

Why it applies: 1.2 against 2.1 previously

**Contained Metal Decline**

Polarity: negative

Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.

Why it applies: 3000 against 8000 previously

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-12)

Gold Duke · gold

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-20T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:02a3d371aa38afbd6a1b
- Deposit or zone: Golden Monarch
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: inferred
- Tonnes: 650000
- Grade: 1.9
- Grade Unit: g/t
- Contained Metal: 40000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-12-20
- Prior Tonnes: 200000
- Prior Grade: 1.9
- Prior Contained Metal: 12000

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Significant increase in Inferred resources for Golden Monarch, indicating potential for future upgrades and resource expansion.

- Positive factor: Inferred Resource increased significantly following revised geological interpretation and modelling of additional mineralised lodes/volumes within the A$7,000/oz RPEEE shell.

Evidence · table

> 1.9

Context: 650

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Tonnage Growth**

Polarity: positive

Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved.

Why it applies: 650000 against 200000 previously

**Contained Metal Growth**

Polarity: positive

Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: 40000 against 12000 previously

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-13)

Gold Duke · gold

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-20T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:bd52cdaaf38b2c793bb7
- Deposit or zone: Gold King
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: inferred
- Tonnes: 391000
- Grade: 1.8
- Grade Unit: g/t
- Contained Metal: 22000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-12-20
- Prior Tonnes: 180000
- Prior Grade: 1.8
- Prior Contained Metal: 10000

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Significant increase in Inferred resources for Gold King, indicating potential for future upgrades and resource expansion.

- Positive factor: Inferred Resource increased following revised modelling of the Gold King/Gold Hawk mineralised system and inclusion of additional mineralised volumes within the updated RPEEE shell.

Evidence · table

> 1.8

Context: 391

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Tonnage Growth**

Polarity: positive

Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved.

Why it applies: 391000 against 180000 previously

**Contained Metal Growth**

Polarity: positive

Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: 22000 against 10000 previously

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-14)

Gold Duke · gold

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-20T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:8fd28662556242a743a2
- Deposit or zone: Joyners Find
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: inferred
- Tonnes: 90000
- Grade: 2.6
- Grade Unit: g/t
- Contained Metal: 7000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-12-20
- Prior Tonnes: 90000
- Prior Grade: 2.6
- Prior Contained Metal: 7000

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: No change in Inferred resources for Joyners Find, indicating stability but no new information.

Evidence · table

> 2.6

Context: 90

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-15)

Gold Duke · gold

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-20T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:85e0d4cd0449d51990ab
- Deposit or zone: Bottom Camp
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: inferred
- Tonnes: 640000
- Grade: 1.6
- Grade Unit: g/t
- Contained Metal: 33000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-12-20
- Prior Tonnes: 640000
- Prior Grade: 1.6
- Prior Contained Metal: 33000

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: No change in Inferred resources for Bottom Camp, indicating stability but no new information.

Evidence · table

> 1.6

Context: 640

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-16)

Gold Duke · gold

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-20T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:232d19fa61ba3b89b090
- Deposit or zone: Bowerbird
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: inferred
- Tonnes: 230000
- Grade: 2.4
- Grade Unit: g/t
- Contained Metal: 17000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-12-20
- Prior Tonnes: 230000
- Prior Grade: 2.4
- Prior Contained Metal: 17000

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: No change in Inferred resources for Bowerbird, indicating stability but no new information.

Evidence · table

> 2.4

Context: 230

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-17)

Gold Duke · gold

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-20T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:7538f1644d7c9321f0cc
- Deposit or zone: Bronzewing
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: inferred
- Tonnes: 110000
- Grade: 2.7
- Grade Unit: g/t
- Contained Metal: 9000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-12-20
- Prior Tonnes: 110000
- Prior Grade: 2.7
- Prior Contained Metal: 9000

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: No change in Inferred resources for Bronzewing, indicating stability but no new information.

Evidence · table

> 2.7

Context: 110

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-18)

Gold Duke · gold

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-20T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:ab74bbbb3fa87d7e17a5
- Deposit or zone: Brilliant
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: inferred
- Tonnes: 210000
- Grade: 3.1
- Grade Unit: g/t
- Contained Metal: 21000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-12-20
- Prior Tonnes: 210000
- Prior Grade: 3.1
- Prior Contained Metal: 21000

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: No change in Inferred resources for Brilliant, indicating stability but no new information.

Evidence · table

> 3.1

Context: 210

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-19)

Gold Duke · gold

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-20T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:80126b809396dbdf0448
- Deposit or zone: Comedy King
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: inferred
- Tonnes: 260000
- Grade: 1.5
- Grade Unit: g/t
- Contained Metal: 12000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-12-20
- Prior Tonnes: 260000
- Prior Grade: 1.5
- Prior Contained Metal: 12000

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: No change in Inferred resources for Comedy King, indicating stability but no new information.

Evidence · table

> 1.5

Context: 260

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-20)

Gold Duke · gold

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-20T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:375e2ab4648829ae8d2b
- Deposit or zone: Wren
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: inferred
- Tonnes: 110000
- Grade: 2.4
- Grade Unit: g/t
- Contained Metal: 8000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-12-20
- Prior Tonnes: 110000
- Prior Grade: 2.4
- Prior Contained Metal: 8000

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: No change in Inferred resources for Wren, indicating stability but no new information.

Evidence · table

> 2.4

Context: 110

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-21)

Gold Duke · gold

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-20T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:17245bb88e36459ec106
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: inferred
- Tonnes: 2790000
- Grade: 1.9
- Grade Unit: g/t
- Contained Metal: 174000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-12-20
- Prior Tonnes: 2250000
- Prior Grade: 2
- Prior Contained Metal: 144000

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Significant growth in Inferred resources, indicating potential for future upgrades and overall project expansion, despite a slight grade reduction.

- Positive factor: Total Inferred Resources increased by approximately 24% in tonnes and 21% in contained ounces, indicating significant resource expansion.

- Negative factor: Average grade for Total Inferred Resources decreased from 2.0 g/t Au to 1.9 g/t Au.

Evidence · table

> 1.9

Context: 2,790

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Tonnage Growth**

Polarity: positive

Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved.

Why it applies: 2790000 against 2250000 previously

**Grade Decline**

Polarity: negative

Definition: Average grade dropped &gt;5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.

Why it applies: 1.9 against 2 previously

**Contained Metal Growth**

Polarity: positive

Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: 174000 against 144000 previously

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-22)

Gold Duke · gold

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-20T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:0865888700192ad96f0e
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: indicated
- Tonnes: 2050000
- Grade: 1.6
- Grade Unit: g/t
- Contained Metal: 104000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-12-20
- Prior Tonnes: 991000
- Prior Contained Metal: 72000

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Substantial growth in Measured and Indicated resources provides a strong foundation for development and significantly de-risks the project.

- Positive factor: Measured and Indicated Resources increased by approximately 107% in tonnes and 44% in contained gold ounces, significantly improving confidence and de-risking the project.

Evidence · text

> 2.05 Mt at 1.6 g/t Au for approximately 104,000 oz in the Measured and Indicated categories

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Tonnage Growth**

Polarity: positive

Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved.

Why it applies: 2050000 against 991000 previously

**Contained Metal Growth**

Polarity: positive

Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: 104000 against 72000 previously

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-23)

Gold Duke · gold

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-20T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:c8728fe6341e191fce5c
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: inferred
- Tonnes: 4843000
- Grade: 1.8
- Grade Unit: g/t
- Contained Metal: 277000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-12-20
- Prior Tonnes: 3250000
- Prior Grade: 2.1
- Prior Contained Metal: 214000

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Significant overall growth in the Gold Duke Mineral Resource, enhancing the project's scale and potential, despite a slight decrease in average grade.

- Positive factor: Overall Gold Duke Mineral Resource increased by approximately 49% in total tonnes and 29% in contained gold ounces.

- Negative factor: The lower overall reported grade reflects the updated geological interpretation, revised classification and the inclusion of additional mineralised material within the updated RPEEE constraints.

Evidence · table

> 1.8

Context: 4,843

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Tonnage Growth**

Polarity: positive

Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved.

Why it applies: 4843000 against 3250000 previously

**Grade Decline**

Polarity: negative

Definition: Average grade dropped &gt;5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.

Why it applies: 1.8 against 2.1 previously

**Contained Metal Growth**

Polarity: positive

Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: 277000 against 214000 previously

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-24)

Gold Duke · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:8da87c363ad8e6d96516
- Deposit or zone: Golden Monarch
- Ownership percent: 100 %

#### Resource Data

- Category: measured
- Tonnes: 31000
- Grade: 3.1
- Grade Unit: g/t
- Contained Metal: 3000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-06-30

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-06-30T00:00:00.000Z

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Historical Measured Resource for Golden Monarch, used for comparison with the current update.

Evidence · table

> 3.1

Context: 31

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-25)

Gold Duke · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:05820da3c2e9df145000
- Ownership percent: 100 %

#### Resource Data

- Category: measured
- Tonnes: 31000
- Grade: 3.1
- Grade Unit: g/t
- Contained Metal: 3000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-06-30

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-06-30T00:00:00.000Z

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Historical Total Measured Resource, used for comparison with the current update.

Evidence · table

> 3.1

Context: 31

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-26)

Gold Duke · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:e69cdc3e222d065dd5d5
- Deposit or zone: Eagle
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 310000
- Grade: 2.5
- Grade Unit: g/t
- Contained Metal: 26000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-06-30

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-06-30T00:00:00.000Z

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Historical Indicated Resource for Eagle, used for comparison with the current update.

Evidence · table

> 2.5

Context: 310

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-27)

Gold Duke · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:19e55690675acd6928c3
- Deposit or zone: Emu
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 120000
- Grade: 1.9
- Grade Unit: g/t
- Contained Metal: 7000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-06-30

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-06-30T00:00:00.000Z

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Historical Indicated Resource for Emu, used for comparison with the current update.

Evidence · table

> 1.9

Context: 120

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-28)

Gold Duke · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:10ec4bb3356808b95e5f
- Deposit or zone: Golden Monarch
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 280000
- Grade: 2.3
- Grade Unit: g/t
- Contained Metal: 20000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-06-30

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-06-30T00:00:00.000Z

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Historical Indicated Resource for Golden Monarch, used for comparison with the current update.

Evidence · table

> 2.3

Context: 280

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-29)

Gold Duke · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:07c891115dba5d15edfd
- Deposit or zone: Gold King
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 250000
- Grade: 2
- Grade Unit: g/t
- Contained Metal: 16000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-06-30

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-06-30T00:00:00.000Z

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Historical Indicated Resource for Gold King, used for comparison with the current update.

Evidence · table

> 2.0

Context: 250

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-30)

Gold Duke · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:77fbd0e81fdc8fdaf9d0
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 960000
- Grade: 2.2
- Grade Unit: g/t
- Contained Metal: 69000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-06-30

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-06-30T00:00:00.000Z

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Historical Total Indicated Resource, used for comparison with the current update.

Evidence · table

> 2.2

Context: 960

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-31)

Gold Duke · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:60898b2cc628f45b03a9
- Deposit or zone: Eagle
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 100000
- Grade: 2
- Grade Unit: g/t
- Contained Metal: 7000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-06-30

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-06-30T00:00:00.000Z

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Historical Inferred Resource for Eagle, used for comparison with the current update.

Evidence · table

> 2.0

Context: 100

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-32)

Gold Duke · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:48932f5f38230313ea54
- Deposit or zone: Emu
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 120000
- Grade: 2.1
- Grade Unit: g/t
- Contained Metal: 8000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-06-30

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-06-30T00:00:00.000Z

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Historical Inferred Resource for Emu, used for comparison with the current update.

Evidence · table

> 2.1

Context: 120

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-33)

Gold Duke · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:45d3fa6055f13a2f950f
- Deposit or zone: Golden Monarch
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 200000
- Grade: 1.9
- Grade Unit: g/t
- Contained Metal: 12000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-06-30

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-06-30T00:00:00.000Z

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Historical Inferred Resource for Golden Monarch, used for comparison with the current update.

Evidence · table

> 1.9

Context: 200

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-34)

Gold Duke · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:c56bf53f8449745ab7bf
- Deposit or zone: Gold King
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 180000
- Grade: 1.8
- Grade Unit: g/t
- Contained Metal: 10000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-06-30

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-06-30T00:00:00.000Z

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Historical Inferred Resource for Gold King, used for comparison with the current update.

Evidence · table

> 1.8

Context: 180

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-35)

Gold Duke · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:09b75592fd308b4a6cb4
- Deposit or zone: Joyners Find
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 90000
- Grade: 2.6
- Grade Unit: g/t
- Contained Metal: 7000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-06-30

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-06-30T00:00:00.000Z

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Historical Inferred Resource for Joyners Find, used for comparison with the current update.

Evidence · table

> 2.6

Context: 90

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-36)

Gold Duke · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:d8cb04a86214c783db4b
- Deposit or zone: Bottom Camp
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 640000
- Grade: 1.6
- Grade Unit: g/t
- Contained Metal: 33000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-06-30

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-06-30T00:00:00.000Z

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Historical Inferred Resource for Bottom Camp, used for comparison with the current update.

Evidence · table

> 1.6

Context: 640

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-37)

Gold Duke · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:4657722651f22cf4241c
- Deposit or zone: Bowerbird
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 230000
- Grade: 2.4
- Grade Unit: g/t
- Contained Metal: 17000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-06-30

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-06-30T00:00:00.000Z

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Historical Inferred Resource for Bowerbird, used for comparison with the current update.

Evidence · table

> 2.4

Context: 230

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-38)

Gold Duke · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:5b1bdeb8c66de3b50540
- Deposit or zone: Bronzewing
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 110000
- Grade: 2.7
- Grade Unit: g/t
- Contained Metal: 9000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-06-30

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-06-30T00:00:00.000Z

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Historical Inferred Resource for Bronzewing, used for comparison with the current update.

Evidence · table

> 2.7

Context: 110

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-39)

Gold Duke · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:bb7ac89f891c562cfd3d
- Deposit or zone: Brilliant
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 210000
- Grade: 3.1
- Grade Unit: g/t
- Contained Metal: 21000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-06-30

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-06-30T00:00:00.000Z

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Historical Inferred Resource for Brilliant, used for comparison with the current update.

Evidence · table

> 3.1

Context: 210

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-40)

Gold Duke · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:4c77ab01bd31cca42991
- Deposit or zone: Comedy King
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 260000
- Grade: 1.5
- Grade Unit: g/t
- Contained Metal: 12000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-06-30

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-06-30T00:00:00.000Z

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Historical Inferred Resource for Comedy King, used for comparison with the current update.

Evidence · table

> 1.5

Context: 260

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-41)

Gold Duke · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:c3f7e5018e8e0d98b1e1
- Deposit or zone: Wren
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 110000
- Grade: 2.4
- Grade Unit: g/t
- Contained Metal: 8000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-06-30

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-06-30T00:00:00.000Z

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Historical Inferred Resource for Wren, used for comparison with the current update.

Evidence · table

> 2.4

Context: 110

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-42)

Gold Duke · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:b0711f27176b508c0a6a
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 2250000
- Grade: 2
- Grade Unit: g/t
- Contained Metal: 144000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-06-30

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-06-30T00:00:00.000Z

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Historical Total Inferred Resource, used for comparison with the current update.

Evidence · table

> 2.0

Context: 2,250

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-43)

Gold Duke · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:8c8e49b73f5ad2894b2e
- Deposit or zone: Eagle
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 420000
- Grade: 2.4
- Grade Unit: g/t
- Contained Metal: 33000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-06-30

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-06-30T00:00:00.000Z

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Historical Combined Resource for Eagle, used for comparison with the current update.

Evidence · table

> 2.4

Context: 420

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-44)

Gold Duke · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:be89d9d25040345103ad
- Deposit or zone: Emu
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 240000
- Grade: 2
- Grade Unit: g/t
- Contained Metal: 15000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-06-30

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-06-30T00:00:00.000Z

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Historical Combined Resource for Emu, used for comparison with the current update.

Evidence · table

> 2.0

Context: 240

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-45)

Gold Duke · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:3d15218c160b2a3277dc
- Deposit or zone: Golden Monarch
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 510000
- Grade: 2.2
- Grade Unit: g/t
- Contained Metal: 32000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-06-30

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-06-30T00:00:00.000Z

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Historical Combined Resource for Golden Monarch, used for comparison with the current update.

Evidence · table

> 2.2

Context: 510

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-46)

Gold Duke · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:e86e3f9f54d76decda16
- Deposit or zone: Gold King
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 430000
- Grade: 1.9
- Grade Unit: g/t
- Contained Metal: 26000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-06-30

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-06-30T00:00:00.000Z

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Historical Combined Resource for Gold King, used for comparison with the current update.

Evidence · table

> 1.9

Context: 430

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-47)

Gold Duke · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:09b75592fd308b4a6cb4
- Deposit or zone: Joyners Find
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 90000
- Grade: 2.6
- Grade Unit: g/t
- Contained Metal: 7000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-06-30

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-06-30T00:00:00.000Z

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Historical Combined Resource for Joyners Find, used for comparison with the current update.

Evidence · table

> 2.6

Context: 90

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-48)

Gold Duke · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:d8cb04a86214c783db4b
- Deposit or zone: Bottom Camp
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 640000
- Grade: 1.6
- Grade Unit: g/t
- Contained Metal: 33000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-06-30

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-06-30T00:00:00.000Z

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Historical Combined Resource for Bottom Camp, used for comparison with the current update.

Evidence · table

> 1.6

Context: 640

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-49)

Gold Duke · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:4657722651f22cf4241c
- Deposit or zone: Bowerbird
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 230000
- Grade: 2.4
- Grade Unit: g/t
- Contained Metal: 17000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-06-30

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-06-30T00:00:00.000Z

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Historical Combined Resource for Bowerbird, used for comparison with the current update.

Evidence · table

> 2.4

Context: 230

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-50)

Gold Duke · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:5b1bdeb8c66de3b50540
- Deposit or zone: Bronzewing
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 110000
- Grade: 2.7
- Grade Unit: g/t
- Contained Metal: 9000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-06-30

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-06-30T00:00:00.000Z

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Historical Combined Resource for Bronzewing, used for comparison with the current update.

Evidence · table

> 2.7

Context: 110

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-51)

Gold Duke · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:bb7ac89f891c562cfd3d
- Deposit or zone: Brilliant
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 210000
- Grade: 3.1
- Grade Unit: g/t
- Contained Metal: 21000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-06-30

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-06-30T00:00:00.000Z

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Historical Combined Resource for Brilliant, used for comparison with the current update.

Evidence · table

> 3.1

Context: 210

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-52)

Gold Duke · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:4c77ab01bd31cca42991
- Deposit or zone: Comedy King
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 260000
- Grade: 1.5
- Grade Unit: g/t
- Contained Metal: 12000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-06-30

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-06-30T00:00:00.000Z

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Historical Combined Resource for Comedy King, used for comparison with the current update.

Evidence · table

> 1.5

Context: 260

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-53)

Gold Duke · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:c3f7e5018e8e0d98b1e1
- Deposit or zone: Wren
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 110000
- Grade: 2.4
- Grade Unit: g/t
- Contained Metal: 8000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-06-30

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-06-30T00:00:00.000Z

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Historical Combined Resource for Wren, used for comparison with the current update.

Evidence · table

> 2.4

Context: 110

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-resource-facts-54)

Gold Duke · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr. Richard Bray
- Resource group id: resource:9c0a959a3ca298799c36
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 3250000
- Grade: 2.1
- Grade Unit: g/t
- Contained Metal: 214000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-06-30

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-06-30T00:00:00.000Z

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Historical Total Combined Resource, used for comparison with the current update.

Evidence · table

> 2.1

Context: 3,250

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

## Metallurgical Results (2)

### Fact 1

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-metallurgical-facts-55)

Gold Duke · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Test Work

- Program Status: detailed
- Processing Route: oxide mineralisation
- Sample: Gold Duke oxide mineralisation

#### Recovery

- Recovery: 95.1 %
- Recovery Basis: actual\_test

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Previously demonstrated high recovery for oxide mineralisation is a positive indicator, though details are historical.

- Positive factor: High recovery demonstrated for oxide mineralisation.

- Negative factor: No specific date or details provided for the previous testwork.

Evidence · text

> Metallurgical testwork has previously demonstrated recoveries of up to 95.1% from Gold Duke oxide mineralisation

#### Tags used in scoring

**High Recovery**

Polarity: positive

Definition: Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 95.1% is at or above the exceptional band \(95%\)

### Fact 2

[Link to this fact](https://atlas-staging.minestarters.com/news/wgr-annual-report-to-shareholders--67277e4d-95cf-4d75-b61b-a91f3200a064#fact-metallurgical-facts-56)

Gold Duke · gold

#### Identity

- Project: Gold Duke
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WGR

#### Test Work

- Program Status: scoping
- Processing Route: oxide mineralisation
- Sample: Gold Duke oxide mineralisation

#### Recovery

- Recovery: 93 %
- Recovery Basis: unspecified

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: A conservative 93% recovery is applied in the scoping study, which is a reasonable assumption for economic modeling.

- Positive factor: Conservative recovery applied in the Expanded Scoping Study, providing a realistic basis for economic assessment.

- Negative factor: Specific details on the basis for the 93% recovery are not provided, only that it is conservative.

Evidence · text

> a more conservative 93% recovery applied in the Expanded Scoping Study

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.
