Westgold Resources has sold its Mt Henry Gold Project in WA to Alicanto Minerals for A$110m, up from A$64.6m. The sale follows approvals from shareholders, the government, and the Ngadju Native Title Aboriginal Corporation.

Alicanto plans a 50,000m drilling program at Mt Henry to expand the 915,000oz resource. Westgold’s divestment is part of a strategy to streamline its portfolio, with support from Argonaut and Thomson Geer during the transaction.

Westgold restarted high-grade gold mining at the Great Fingall mine in WA in December 2025. The company is also advancing the divestment of other assets, including the Peak Hill and Chalice gold assets, with an IPO for Valiant Gold planned for late March 2026.

Read more at Yahoo Finance: Westgold completes Mt Henry sale to Alicanto Minerals