Founded 1990 | ||
Stock price WPG (ASX) A$ 0.06 0.00 (+1.75%)6 Apr, 3:33 PM GMT+10 - Disclaimer Headquarters New South Wales, Australia Subsidiaries Tunkillia Gold Pty Ltd, New World Coal Pty Ltd | ||
WPG Resources Ltd (WPG, formerly Western Plains Gold Ltd) is a mineral resources company focusing on exploration, evaluation and development of gold and coal projects in South Australia. The company was listed on the Australian Stock Exchange on August 23, 2005. In 2011, the company sold iron ore assets to Arrium (previously OneSteel) for approximately $346 million AUD. The assets included the Peculiar Knob iron deposit, located in the Woomera Protected Area.
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Port Pirie iron ore export proposal
The company purchased land and proposed to construct an enclosed iron ore stockpiling and associated loading facilities at Port Pirie on the eastern shore of Spencer Gulf, South Australia. The loading method proposed was transshipment by barge to waiting Cape or Panamax vessels. In November 2014, the company announced that it would sell their land at Port Pirie to help fund its gold development projects.
Diversification
In 2014, Tunkillia and Tarcoola gold projects were acquired by WPG Resources, marking the completion of the company's evolution from an iron ore explorer to a diversified exploration and emerging mining company. As of 2015, WPG has a portfolio of exploration projects in South Australia covering a combined area of 5,373 square kilometres, including its advanced gold projects. Targeted commodities include gold, nickel, base metals, iron ore and coal.