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1.5 million Gold Equivalent Ounces, High-grade Nevada gold-silver. 100% owned. MPO submission ahead.

  • Tier-1 jurisdiction - 100%-owned Aura Project in Elko County, Nevada — year-round highway and county-road access, with water and power nearby.
  • Scale + grade - 1.5M GEoz across three deposits, led by Gravel Creek's high-grade resource (254k indicated @ 5.95 g/t AuEq; 682k inferred @ 5.39 g/t AuEq) — a Midas-style epithermal vein system in a proven district.
  • Clear path to value - MPO submission is the primary near-term catalyst, with economic studies and resource-conversion drilling advancing in parallel.
  • Steep NAV discount to Peers - WEX trades at a steep discount to NAV versus development-stage Nevada peers — a gap that re-rates as permitting and studies de-risk the asset.
  • Mine Developers with a track record - A team that has been putting money in the ground at Aura since 1997, with deep North American precious-metals development experience.
  • Aligned and undervalued - Tight capital structure, insider alignment, and a discovery that the market is valuing at exploration-stage multiples despite a defined 43-101 resource.

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Aura Project

Western Exploration is focused on Gold and Silver Discoveries in Northern Nevada.

The Aura Project has a N.I. 43-101 compliant resource across 3 mineralized areas within a total project area of 61.6 square kilometers. The resource consists of 610k Gold ozs and 3.367 M Silver ozs in the Indicated category (14.993Mt at 1.35 g/t Au and 78.70 g/t Ag) and 708k Gold ozs and 10.271 M Silver ozs in the Inferred category (9.944 Mt at 2.22 g/t Au and 47.86 g/t Ag).

Doby George 394k ozs @ 0.90 g/t Gold (Indicated)
71k ozs @ 0.68 g/t Gold (Inferred)
Gravel Creek 254k ozs @ 5.95 g/t Gold Equivalent (Indicated)
682k ozs @ 5.39 g/t Gold Equivalent (Inferred)
Wood Gulch 73k ozs @ 0.82 g/t Gold Equivalent (Inferred)
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Gravel Creek
Doby George
Wood Gulch
Gravel Creek

A new gold-silver discovery in Northern Nevada.

Doby George

Near surface, pit constrained oxide deposit with average Gold grade of ~0.9 g/t

Wood Gulch

Past producer, open pit heap leach with a current inferred resource of 93,000 gold ounces (4.355 Mt at 0.66 g/t)

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"Western Exploration has been putting our money in the ground at Aura Project since 1997. A history of proven ore finders are delivering on the exploration at Gravel Creek, Doby George and Wood Gulch"

Darcy Marud, CEO of Western Exploration