Western Exploration Stock Price, News & Analysis

Western Exploration (OTCQX: WEXPF) engaged Stantec Consulting Services to prepare a Notice of Intent and Mine Plan of Operations for the 100%‑owned Aura Gold‑Silver Project (Doby George) in Elko County, Nevada.

Stantec will lead environmental baseline and MPO work in parallel with ongoing baseline studies and engineering optimization tied to the company's May 8, 2025 PEA. Doby George is described as an at‑surface oxide deposit averaging ~1 g/t.

PEA economic highlights cited: After‑tax NPV $211.2M, IRR 62.2%, Life‑of‑Mine cash flow $271.2M, and all‑in sustaining cost US$1,197/oz.

Western Exploration (TSXV:WEX | OTCQX:WEXPF) completed a Phase 1 reverse circulation drill program on the Tomasina Vein Zone at the Aura project, totaling 3,239 metres in nine RC holes.

Drilling confirmed pervasive clay alteration, local quartz-sulfide veining and stockwork/hydrothermal breccia over a 2.5 km structural trend, with the favorable Eocene Frost Creek tuff intersected in several holes. The program tested roughly 20% of the Tomasina strike, highlighting down-dip and along-strike resource expansion potential adjacent to existing NI 43-101 resources at Gravel Creek, Saddle and Wood Gulch. Assay results are pending and further core or RC-with-core-tail drilling is planned after permitting.

Western Exploration (OTCQX:WEXPF) has filed an amended NI 43-101 technical report for its Aura Gold-Silver Project in Elko County, Nevada. The amendment primarily addresses inconsistencies in capital and operating cost tables from the initial report, with the only material change being a revision to the Base Case all-in sustaining cost (AISC) from $1,152 to $1,172 per gold ounce.

The project's economic assessment remains robust, with a Base Case after-tax NPV5 of $70.7M and an IRR of 25.4% at a gold price of $2,150/oz. The project requires initial capital of $127.6M and sustaining capital of $10.5M. Operating costs are estimated at $22.24 per tonne processed, with a payback period of 2.7 years under the Base Case scenario.

Western Exploration (OTCQX:WEXPF) has launched its fully-funded 4,000-meter reverse circulation drill program at the Aura Project in Elko County, Nevada. The program targets a 1.3 km strike length of the Tomasina Fault zone, focusing on high-grade epithermal gold-silver vein targets near Wood Gulch.

The drilling campaign aims to evaluate areas down dip from the Wood Gulch and Saddle NI 43-101 resource areas, with targets at depths of 100-450 meters. The Wood Gulch Open Pit, previously mined by Homestake Mining Company (1988-1990), showed significant high-grade drill intercepts, including 13.72m @ 79.26 g/t AuEq. The program follows recent exploration success that led to a 54% increase in inferred Au-Ag resources at the Gravel Creek and Jarbidge target areas.

Western Exploration (OTCQX:WEXPF) has initiated mobilization for its 2025 drill program at the Wood Gulch target within its 100% owned Aura Project in Nevada. The company has begun deploying crews and equipment to the site, located 80km north of Elko.

The fully funded 4,000-meter diamond drill program will explore extensions of historic high-grade gold-silver mineralization near the Tomasina Fault Zone, including areas below the former Wood Gulch open pit. The target area, previously mined by Homestake in the late 1980s, has remained largely unexplored with modern techniques. Drilling is expected to commence in approximately one week, following the completion of drill platform preparation and access road clearing.

Western Exploration (OTCQX:WEXPF) has filed a NI 43-101 Technical Report for its Aura Gold-Silver Project in Nevada, highlighting significant resource increases and positive economic assessment results. The Gravel Creek resource showed a 56% increase in gold resources to 571,000 ounces and an 83% increase in silver resources to 9,726,000 ounces in the inferred category.

The Doby George Heap Leach PEA revealed promising economics with a base case after-tax NPV of US$70.7M and 25.4% IRR at $2,150/oz gold price, potentially increasing to $211.2M NPV with 62.2% IRR at $3,000/oz gold. The project features a 5-year mine life with pre-production capital costs of US$115.2M and attractive all-in sustaining costs of US$1,197 per ounce at $3,000 gold price.

Western Exploration (WEXPF) reported a significant increase in mineral resources at its Gravel Creek and Wood Gulch deposits in Nevada. The updated mineral resource estimate shows a 56% increase in inferred gold resources to 571,000 oz/Au and an 83% increase in inferred silver resources to 9,726,000 oz/Ag at Gravel Creek. The indicated resources remained relatively stable at 216,000 ounces Au and 3,367,000 ounces Ag. The resource growth is primarily attributed to the 2023-2024 high-grade vein discovery in the Jarbidge rhyolite area. The company plans a 4,000-meter drill program in 2025 focused on the Tomasina Fault Zone at Wood Gulch, while also expanding exploration at Gravel Creek following these positive results. The mineral resource estimate was prepared by RESPEC Company LLC and complies with National Instrument 43-101 standards.

Western Exploration (WEXPF) announced positive results from a Preliminary Economic Assessment (PEA) for its Doby George resource at the Aura gold project in Nevada. The PEA shows a base case after-tax NPV of US$70.7M with 25.4% IRR at US$2,150/oz gold price, potentially increasing to US$211.2M NPV with 62.2% IRR at US$3,000/oz gold. The project features a 5-year mine life with total after-tax net cash flow of US$271.2M and average annual operating cash flow of $112.1M (at US$3,000 gold). Key metrics include LOM all-in sustaining cost of US$1,197/oz, average grade of 1.01 g/t Au, and pre-production capital costs of US$115.2M. The project will utilize conventional open-pit mining and heap leaching methods, processing 2.7 million tonnes annually.

Western Exploration Inc. (OTCQX: WEXPF) has achieved recognition in the 2025 OTCQX® Best 50, a prestigious ranking of top-performing companies on the OTCQX Best Market. This ranking evaluates companies based on their one-year total return and average daily dollar volume growth during 2024.

CEO Darcy Marud highlighted the importance of OTCQX in providing valuable exposure to U.S. markets and investors, particularly beneficial for their U.S.-based project development. The OTCQX Best Market is known for offering transparent and efficient trading of established companies that meet rigorous standards including high financial requirements, best practice corporate governance, and securities law compliance.