WANGUO GOLD GP Reports Significant Growth in Gold Resources and Reserves at Gold Ridge Mine by 2025

Stock News03-15 18:40

WANGUO GOLD GP (03939) announced that on April 30, 2020, the Group completed the acquisition of a 77.78% interest in AXF Gold Ridge Pty Limited, which holds a 90% interest in the Gold Ridge Mine located in the Solomon Islands. The Group commenced trial production at the mine in November 2022. Furthermore, on October 9, 2024, the Group acquired an additional 20.22% interest in AXF Gold Ridge Pty Limited, resulting in a 98% ownership in the company and an effective 88.2% interest in the Gold Ridge Mine. According to the mineral resource estimate and ore reserve estimate prepared by independent consultant SLR Consulting Ltd, as of December 31, 2025, the mine's mineral resources totaled 12.97 million ounces of gold (equivalent to 403.4 metric tons), and ore reserves amounted to 7.777 million ounces of gold (equivalent to 241.9 metric tons). Compared to the figures as of December 31, 2024, which were 7.217 million ounces of gold (equivalent to 224.5 metric tons) in mineral resources and 1.196 million ounces of gold (equivalent to 37.2 metric tons) in ore reserves, this represents an increase of 79.7% and 550.1%, respectively.

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According to the mineral resource estimate and ore reserve estimate prepared by independent consultant SLR Consulting Ltd, as of December 31, 2025, the mine's mineral resources totaled 12.97 million ounces of gold (equivalent to 403.4 metric tons), and ore reserves amounted to 7.777 million ounces of gold (equivalent to 241.9 metric tons). 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The Group commenced trial production at the mine in November 2022. Furthermore, on October 9, 2024, the Group acquired an additional 20.22% interest in AXF Gold Ridge Pty Limited, resulting in a 98% ownership in the company and an effective 88.2% interest in the Gold Ridge Mine. According to the mineral resource estimate and ore reserve estimate prepared by independent consultant SLR Consulting Ltd, as of December 31, 2025, the mine's mineral resources totaled 12.97 million ounces of gold (equivalent to 403.4 metric tons), and ore reserves amounted to 7.777 million ounces of gold (equivalent to 241.9 metric tons). 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Compared to the figures as of December 31, 2024, which were 7.217 million ounces of gold (equivalent to 224.5 metric tons) in mineral resources and 1.196 million ounces of gold (equivalent to 37.2 metric tons) in ore reserves, this represents an increase of 79.7% and 550.1%, respectively.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1123430777","isCrawlerRequest":true}