NOTE: WGX is a dominant player in Meekatharra with the only mill (Bluebird) in the region. ASX penny stocks MEK might become the takeover target once WGX finishes its mill capacity upgrade. ASX penny stocks ODY and GBR are also in the race of defining gold resources, ODY perhaps is a good fit of WGX‘s shoes if it could find some decent resources.

On the other side, ASX penny stock AVL is developing its vanadium project.