Western Ridge Resources (ASX:WRX) Touches 52-Week High Today: Key Reasons Explained

Sonal Goyal

21 October 2026 10:51 PM AEDT

Western Ridge Resources (ASX:WRX) Touches 52-Week High Today: Key Reasons Explained

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Key highlights

WRX touched a 52-week high on 21 October 2026 and closed at $0.06, up 33.33% for the day.
On 1 October 2026 it announced a binding agreement to acquire a Murchison gold-antimony portfolio, with firm commitments to raise A$1.31 million.
Maiden drilling is targeted for Q4 2026.

On 21 October 2026, Western Ridge Resources Ltd (ASX:WRX) hit a 52-week high during the trading session. Shares closed the day at $0.06, up 33.33%. Western Ridge Resources is an explorer with the Keystone silver, gold and tungsten project in Nevada and a newly agreed portfolio in Western Australia.

What Western Ridge Resources does

Western Ridge Resources Limited explores for precious metals and critical minerals. Its flagship is the Keystone Silver, Gold and Tungsten Project in Nevada, and it has agreed to add gold and gold-antimony projects in Western Australia’s Murchison region.

Murchison gold-antimony acquisition

In an ASX announcement dated 1 October 2026, Western Ridge said it had entered a binding heads of agreement with Odin Capital Group Pty Ltd to acquire a portfolio of gold and gold-antimony projects across four granted tenements in the Murchison Province. The key asset is the Seven Mile Well Gold-Antimony Project, about 7 km from the Big Bell Gold Deposit within the Big Bell Shear Zone, where coincident geophysical and soil anomalies define a minimum 2,000 m strike length target.

Programmes of Work are approved for Reverse Circulation Drilling across three tenements, and exploration is scheduled for Q4, comprising 2,000 m of aircore drilling at the Lady Alma Prospect and an IP survey and RC drilling at Seven Mile Well. The company received firm commitments to raise A$1.31 million to fund the exploration and its existing projects.

Sector context

Exploration-stage resource companies do not generate production revenue, and their share prices can move sharply on drilling results, funding news and Commodity sentiment.

Risks and uncertainties

The Acquisition is under a heads of agreement and depends on completion, and an exploration target is not a resource estimate. Drilling may not find mineralisation. Closing prices on a single day are not the same as the 52-week high or low price, and a 52-week extreme does not indicate where a share price will move next.

Catalysts to watch

Items to watch include completion of the acquisition, the start of aircore and RC drilling in Q4 2026, assay results and funding.

Closing perspective

Western Ridge’s 1 October 2026 announcement set out a Murchison portfolio acquisition and a Q4 drilling plan. Future announcements would cover completion and results.

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