Westgold completes Mt Henry sale to Alicanto Minerals

Westgold Resources has completed the merchantability of its Mt Henry Gold Project successful Western Australia (WA) to Alicanto Minerals.

The institution reported that the full worth of the Mt Henry information accrued from A$64.6m antecedently to A$110m.

The summation reflects the appreciation successful worth of Westgold's 19.9% involvement successful Alicanto since the archetypal announcement successful December 2025.

This follows the fulfilment of each indispensable conditions including ministerial consent, and support from some shareholders and the Ngadju Native Title Aboriginal Corporation.

Alicanto is preparing for a forthcoming 50,000m drilling programme aimed astatine expanding the 915,000oz assets on the 16km corridor.

Alicanto main enforcement Jeff Sansom said: “Completing the Mt Henry Transaction is an important milestone for Alicanto and paves the mode for america to use our halfway skills of brownfields exploration and task advancement to thrust value.

“Mt Henry is simply a large, under-explored golden system, with constricted drilling beneath 100m and known mineralisation extending beyond the existent resources. We spot important imaginable to unlock further worth done a well-funded 50,000m drilling programme crossed the broader 16km corridor.”

The divestment is portion of Westgold's broader strategy to streamline its portfolio by selling non-core and non-operational assets, thereby enhancing shareholder value.

Financial and ineligible enactment for Westgold during the transaction was provided by Argonaut and Thomson Geer, respectively.

Westgold managing manager and CEO Wayne Bramwell said: “Alicanto plans to commence a important 50,000m multi-rig drilling programme astatine Mt Henry, and Westgold, arsenic a important shareholder successful Alicanto, volition enactment successful immoderate resulting exploration success.

“Westgold’s portfolio of mineral assets remains large. The program to simplify this portfolio continues with the divestment of our Peak Hill and Chalice golden assets advancing and the IPO [initial nationalist offering] of Valiant Gold (proposed ASX code: VAL) targeting listing successful precocious March 2026. Upon completion, these transactions volition finalise the rationalisation of our portfolio.”

In December 2025, Westgold restarted high-grade golden mining astatine the Great Fingall excavation adjacent Cue successful WA, delivering the archetypal accumulation from this historical golden reef successful much than 100 years.

"Westgold completes Mt Henry merchantability to Alicanto Minerals" was primitively created and published by Mining Technology, a GlobalData owned brand.

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