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WIN Metals (ASX:WIN) has banked a significant update to the mineral resource estimate at the Radio Gold Project in Western Australia, with the explorer reporting a 46% increase in the gold resource, to 41,000 ounces – and now it’s all company engines firing on mine planning and development strategy.
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The January MRE, which has been WIN’s major focus through CY25 since acquiring the WA gold project last August, now stands at 345,000 tonnes with 3.7 grams per tonne gold; a major uplift on CY18’s last count.
This week’s confirmed update was helped on by maiden MREs from several new working areas, including Repeater, Radio South, and Green Harp. Between them, those three prospects added 12.9K ounces to inventory.
“In a very short timeframe, WIN has aggressively worked towards positioning Radio as a potential near-term production story,” said chief Steve Norregaard.
“This upgrade provides us with the critical mass and the confidence needed to move decisively into development. The 46% uplift in contained ounces, underpinned by 50% of the CY26 MRE now sitting as [Indicated], gives us a robust platform for mine design, scheduling, and economic [rating].”
The company’s focus now pivots hard into project planning, with a detailed mine design (and how long it will take) the first hurdle WIN needs to clear.
WIN management also noted nearly all the near-surface mineralisation at Radio remains unmined, meaning the explorer could now look into a low-cost, open-pit production plan alongside underground targets.
“With this step change in the resource base, WIN Metals will now sharpen its focus on mine planning and approvals work aimed squarely at positioning Radio for a development decision,” Mr Norregaard declared today.
And, he hopes – “transform the company into a cash-generating gold producer.”
Before Thursday’s open, WIN has been selling at 3.3cps.
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