Westgold Resources Ltd · ASX:WGX
Westgold Resources — Q4 FY22 Earnings Presentation
17 slides from Westgold Resources's earnings presentation, Jul 21, 2022
Slide 1: June Quarterly Overview
For personal use only JUNE QUARTERLY OVERVIEW 21 July 2022 Wayne Bramwell – Managing Director Tommy Heng – Chief Financial Officer Phillip Wilding – Acting Chief Operating Officer Matthew Pilbeam – General Manager EH&S
Slide 2: Disclaimer
Disclaimer COMPLIANCE STATEMENT For personal use only Exploration targets, exploration results the information in this report that relates to exploration targets and exploration results is compiled by Westgold technical employees and contractors under the supervision of Mr. Jake Russell B. Sc. (Hons
Slide 3: Westgold – 100% Western Australian Murchison Operations
Westgold – 100% Western Australian Murchison Operations For personal use only Bryah Operations 3
Slide 4: Westgold's Management Team
Mr. Phillip Wilding A/Chief Operating Officer Mr. Wayne Bramwell Mr. Matthew Pilbeam Managing Director Mr. Tommy (Su Hau) Heng General Manager EH&S Ms. Lisa Smith General Counsel & Company Secretary Chief Financial Officer For personal use only Westgold’s Management Team 4
Slide 5: Q4 FY22 Results
Q4 FY22 Results For personal use only Record Q4 gold production of 72,597oz at an All-In Sustaining Cost (AISC) of $1,843/oz Record full year gold production of 270,884oz Au at AISC of $1,725/oz Q4 mine operating cashflow of $46M (Q3: $41M, Q2: $38M, Q1: $49M) At quarter end, Westgold is deb
Slide 6: FY22 – Guidance Delivered
FY22 – Guidance Delivered For personal use only Q1 Gold Q2 Gold Q3 Gold Q4 Gold YTD Gold FY Production Managing Director Wayne Bramwell commented: Produced Produced Produced Produced Produced Guidance Costs Costs 66,173 oz 66,688 oz 65,426 oz 72,597 oz 270,884 oz 270,000 oz $M $/oz “Westgold deliver
Slide 7: Q4 Safety and Environmental Performance
Q4 Safety and Environmental Performance 30 28.87 30.00 For personal use only 28.03 Specific focus on high-level, pre-task risk 23.96 24.39 assessments and regular EH&S information 22.91 sharing across our regions. 6.05% decrease in Total Recordable Injury 20 20.00 Frequency Rate (TRIFR) Roling 1
Slide 8: ESG – Big Bell Variable Speed Fan Trial
ESG – Big Bell Variable Speed Fan Trial For personal use only Big Bell mine has now completed trials of ventilation on-demand systems, where secondary fans have been operating with variable speed drives and automation. Every underground machine has a unique identifier and when a unit of mobile e
Slide 9: ESG – New Electricity and LNG Supply Agreements
ESG – New Electricity and LNG Supply Agreements On 11 July 2022 Westgold announced it had executed a new Electricity Purchase For personal use only Agreement with independent power provider Pacific Energy and a new LNG Supply Agreement with Clean Energy Fuels Australia (CEFA). These agreements w
Slide 10: Q4 Key Metrics
Q4 Key Metrics MURCHISON BRYAH GROUP GROUP JUN QTR JUN QTR JUN QTR YTD For personal use only FY22 FY22 FY22 FY22 Guidance achieved with a record full year gold Physical Summary Units production of 270,884oz at an AISC of $1,725/oz ROM - UG Ore Mined UG Grade Mined t g/t 640,856 2.9 177,777 3.0 818
Slide 11: Q4 Cash Flow Movement
Q4 Cash Flow Movement For personal use only Record Q4 production resulting in revenue of $204M at an achieved gold price of $2,481/oz Operating cost pressures $134M (Q3: $115M) on fuel price and key consumables coupled with persistent labour cost inflation. This is mitigated by ceasing owner-o
Slide 12: Q4 Hedge Book – 148,000oz
Q4 Hedge Book – 148,000oz For personal use only 14,000 12,000 10,000 8,000 oz. 6,000 4,000 2,000 - Oct-22 Jan-23 May-23 Aug-22 Nov-22 Mar-23 Sep-22 Apr-23 Jun-23 Jul-22 Dec-22 Feb-23 Jul-23 Hedge book reduced during Q4 to 148,000oz at an average $2,396/oz Provides approximately ≈6 months productio
Slide 13: Operational Summary - Bryah
Operational Summary - Bryah For personal use only 20,000 2,000 18,000 Continued steady production from Starlight UG 16,000 1000th gold bar poured @ Fortnum processing hub 1,800 New pebble crusher ordered to increase throughput 14,000 Definition drilling @ Starlight exposes 2.34m at 43.88g/t
Slide 14: Operational Summary - Murchison
Operational Summary - Murchison For personal use only 60,000 2,000 Production of 54,808oz reflecting the high grade UG feed 50,000 Record production at Tuckabianna Mill of 24,798oz 1,800 Record quarter from Big Bell - 272kt @2.6g/t Au 40,000 Big Bell UG - achieving above planned run rate wit
Slide 15: Exploration Success at Sovereign
Exploration Success at Sovereign For personal use only The initial diamond drilling (DD) program at the Sovereign Target (Day Dawn) was completed in April with highly encouraging assay results returned. Sovereign is located ≈300m into the hanging wall of the historic Great Fingall mine and appro
Slide 16: Q1, FY23 Outlook
Q1, FY23 Outlook For personal use only Build blocks to improving profitability Business Improvement Programme Productivity gains Operational efficiencies Diesel consumption reductions Rationalisation of surplus fleet Commercial opportunities Review all major supply contracts Growth F
Slide 17: Need More Information?
For personal use only Need More Information? Corporate and Investor Enquiries: Wayne Bramwell – Managing Director P: +61 8 9462 3400 E: Investor.Relations@westgold.com.au www.westgold.com.au 17