WPG Resources Ltd. reported consolidated earnings results for the half year ended December 31, 2017. For the period, the company reported total revenue of AUD 36,639,000 against AUD 37,697,000 a year ago. Loss before tax was AUD 12,903,000 against AUD 4,145,000 a year ago. Loss after tax was AUD 12,903,000 against AUD 4,145,000 a year ago. Total comprehensive loss attributable to owners was AUD 12,903,000 against AUD 4,145,000 a year ago. Basic and diluted loss per share was 1.42 cents per share against 0.65 cents per share a year ago. Cash in flows from operating activities was AUD 7,718,000 against AUD 7,501,000 a year ago. Payment for property, plant and equipment was AUD 2,117,000 against AUD 2,152,000 a year ago. Payments for development expenditure on mining interests were AUD 9,796,000 against AUD 4,690,000 a year ago. Payments for exploration expenditure were AUD 1,480,000 against AUD 1,055,000 a year ago. LBITDA was AUD 3.1 million.

For the half year, the company reported gold production of 22,389 oz. Total ore processed was 324,645 tonnes. Grade processed was 2.27 g/t Au. Recovery was 94.4%.

Guidance for the combined Challenger and Tarcoola mining operations for the year to June 30, 2018 remains 60,000 ounces. The company's, Byrnecut and Byrnecut's affiliate Mining Plus have worked together since December 2017 to optimise the production strategy at Challenger, and to integrate Tarcoola into a new Business Plan. This study, which will be finalised during the March 2018 quarter, will de-emphasise short term production from high cost remnant mining in the older parts of the Challenger mine, and focus more on developing into the virgin Challenger Deeps area, along with optimising production from Tarcoola.