On 25 November 2025, Western Gold Exploration Ltd. announced that its wholly owned subsidiary, Lorne Resources Ltd., has entered into a joint venture (JV) with Acrux Gold Limited, to explore for gold, silver, and critical minerals as part of the Caledonian Gold Project in central Scotland.
Acrux Gold was chosen for this joint venture as it is operating on Scotland’s only defined gold resource the Cononish Gold Project.
Under the new joint venture, all exploration and operational activities will be carried out by the JV company, Glen Lyon Limited.
In establishing the JV, Lorne Resources and Acrux Gold have entered into a shareholders’ agreement dated November 25, 2025 for Glen Lyon. That agreement defines governance, funding, and operational frameworks, with Lorne Resources holding 90% and Acrux Gold 10%.