Westgold Resources Ltd · ASX:WGX
Westgold Resources — Diggers and Dealers 2024
26 slides from Westgold Resources's conference presentation, Aug 5, 2024
Slide 1: Westgold Resources Limited: The new +400kozpa Gold Producer
ASX : WGX TSX : WGX For personal use only Westgold Resources Limited The new +400kozpa Gold Producer Wayne Bramwell | MD & CEO
Slide 2: Important Notices and Disclaimer
Important Notices and Disclaimer Investor Presentation Summary Information This investor presentation is dated 5 August 2024, and has been prepared by Westgold Resources Limited (ASX: By reviewing or retaining these materials, or attending or participating in this presentation, you acknowledge and W
Slide 3: Important Notices and Disclaimer
Important Notices and Disclaimer Forward-looking Statements Any such historical information is not represented as being, and is not, indicative of Westgold's view on their future financial condition and/or performance, nor the future financial condition and/or performance of Westgold This document c
Slide 4: Important Notices and Disclaimer
Important Notices and Disclaimer The information in this presentation that relates to Westgold’s Ore Reserve is based on information compiled by For the purposes of Listing Rule 5.12, Westgold cautions that the Karora Mineral Reserves and Mineral Resources Mr. Leigh Devlin B.Eng. MAusIMM and who has
Slide 5: Acknowledgement of traditional ownership
Acknowledgement of traditional ownership For personal use only Westgold would like to acknowledge the Traditional Custodians of the land on which we gather today and pay our respects to their Elders past and present. We would also like to extend that respect to Aboriginal and Torres Strait Islander
Slide 6: Westgold – A globally investable, mid-tier gold producer
Westgold – A globally investable, mid-tier gold producer Operating across two of Australia’s most abundant gold producing regions WESTERN AUSTRALIA Strong pipeline of organic Highly experienced growth options and management team and For personal use only exploration targets across board of directors
Slide 7: Corporate Snapshot
Corporate Snapshot Capital Structure Westgold Share Price and Volumes Traded LTM Share Price[1] Cash & Equivalents[3] $3.00 35m $2.81/sh $165m 30m $2.50 Shares Outstanding [2] Debt[4] $2.00 25m 943.1m $- 20m $1.50 For personal use only Market Capitalisation[1] Ore Reserves [5] 15m $1.00 ~$2.7Bn 3.2M
Slide 8: Accelerated growth strategy
Accelerated growth strategy Portfolio is enhanced through merger Size & Existing Extensive Growth Organic Scale Infrastructure potential Growth For personal use only Leading mid-tier gold Large suite of mining and Advanced greenfield and producer with +400kozpa of processing facilities Highly prospe
Slide 9: Value Proposition on Day 1
Value Proposition on Day 1 +400kozpa diversified gold production portfolio, 100% unhedged MAP LEGEND Operating mine +400 kozpa Au Processing plant + For personal use only Western Australia Beta Hunt Higginsville Murchison Bryah Bryah Operations Murchison Operations 3.2Moz Au 13Moz Au ~3,200km2 ~1,90
Slide 10: We Own and Operate our Mines
We Own and Operate our Mines For personal use only ~170 pieces of heavy 1,900 staff and mining equipment 13 diamond drill rigs contractors 10
Slide 11: Culture Drives Performance
Culture Drives Performance Strategy improvements foster Safety and Respect 2024 Employee Survey Response rate Recommend Inclusion For personal use only Other Other Other 75% 67% 69% Series 3 Series 3 Series 3 of employees “I would “At Westgold, participated recommend everyone can Westgold as a great
Slide 12: Safe and Profitable Ounces
Safe and Profitable Ounces Substantial reduction in Total Injury Frequency Rate (TRIFR) Injuries per million hours worked For personal use only -73% 25.2 22.9 18.4 14.4 9.0 8.4 8.8 7.8 7.3 6.9 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY22 FY22 FY23 FY23 FY23 FY23 FY24 FY24 FY24 FY24 12
Slide 13: Focus on Operational Excellence
Focus on Operational Excellence A$490 million (C$438 million) of cost out opportunities identified Key strategic synergies: Westgold has 5 processing facilities in Western Australia For personal use only offering significant operating flexibility and optionality Ability to leverage combined ~170 pie
Slide 14: Ore Reserve of 3.2Moz and Mineral Resources of 13Moz
Ore Reserve of 3.2Moz and Mineral Resources of 13Moz [1] Investing in drilling to increase mine lives Significant Reserve conversion >350km drilled in FY24 (‘000m) Early results include… opportunity (Moz) For personal use only Westgold Karora 134% Measured & Indicated Inferred 13.0 Resource 143 20 1
Slide 15: Enviable Organic Growth Pipeline
Enviable Organic Growth Pipeline Seven operating mines + numerous organic growth opportunities Operating Projects in Restart Compelling mines development opportunities brownfields prospects 7 4 5 >8 For personal use only Big Bell UG mine Fingall Dolerite Paddy’s Flat UG mine Bluebird UG mine Boomera
Slide 16: Beta Hunt – the golden opportunity
Beta Hunt – the golden opportunity ▪ Situated in the heart of Gold Fields' St Ives operations - A premier gold mining district with +20Moz Gold endowment. For personal use only ▪ Acquired by Karora in 2016. ▪ Over $2Bn of sunk infrastructure capital able to be leveraged. ▪ Tenure is a "sublease" of
Slide 17: Beta Hunt – an underdrilled gold deposit
Beta Hunt – an underdrilled gold deposit ▪ 4 key orebodies discovered to date – with Western Flanks being the largest (~1.6Moz). For personal use only ▪ Orebodies offset - along the Alpha Island Fault (AIF). ▪ Current Mineral Resources of 30.99Mt @ 2.7g/t Au for 2.68Moz1. ▪ Current Ore Reserve of 6.
Slide 18: Fletcher – A new discovery with outstanding potential
Fletcher – A new discovery with outstanding potential ▪ Parallels the Western Flanks deposit, ~300m to the west. ▪ Limited drilling to date over For personal use only ~2km of strike. ▪ Outstanding results returned to date1. ▪ Drilling is ongoing, but with only a single rig in operation. ▪ Westgold i
Slide 19: Fletcher zone – opportunity to build ounces quickly
Fletcher zone – opportunity to build ounces quickly ▪ Mineralisation is very similar to Western Flanks. For personal use only ▪ Only limited drilling completed down dip to date (<200m). ▪ Mineralisation remains open at depth. ▪ Inclusive of Fletcher, Beta Hunt could produce substantially more than t
Slide 20: ASX Peer Comparison
ASX Peer Comparison Becoming a top 5 Australian gold producer 1,645koz Northern Star 20.9Moz Northern Star 61.3Moz Northern Star Evolution 32.7Moz Evolution 717koz Evolution 11.4Moz For personal use only Genesis 15.1Moz Red 5 454koz Red 5 4.0Moz Westgold 13.0Moz Regis 418koz Regis 3.5Moz Red 5 12.4M
Slide 21: TSX Peer Comparison
TSX Peer Comparison A new TSX listed gold producer with significant growth upside Endeavour 1,200koz Equinox 20.9Moz Equinox 47.0Moz Senior Gold Producers Senior Gold Producers Senior Gold Producers B2Gold 900koz Alamos 13.0Moz Eldorado 30.3Moz For personal use only Equinox 780koz Endeavour 12.0Moz
Slide 22: Enhanced Capital Markets Appeal
Enhanced Capital Markets Appeal Westgold has enhanced scale, liquidity & international market relevance Northern Star ASX 200 $16.0bn Northern Star $53.4m Evolution $7.8bn $39.0m ASX 200 Evolution ✓ Significant market presence For personal use only Westgold $2.7bn Bellevue $15.7m enhances liquidity
Slide 23: Westgold – Leveraged For Growth
Westgold – Leveraged For Growth Leading Australian WA is Financial Gold Producer our home Strength For personal use only Among top 5, with Operating in two of Robust balance sheet production over Australia’s most with $165 million in 400,000 ozpa abundant gold regions available liquidity Shareholder
Slide 24: Thank you. Contact Information
Thank you. Contact Information For personal use only ASX: WGX, TSX: WGX Investor Relations Kasun Liyanaarachchi | Investor Relations Manager Visit us in booth #48 kasun.liyanaarachchi@westgold.com.au +61 458 564 483 Media Peter Knight | Communications Manager westgold.com.au peter.knight@westgold.co
Slide 25: Appendix: ASX Peer Comparison Data
Appendix: ASX Peer Comparison Data M&I Inferred Total Total Company Source Resource Resource Resource Reserves https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924- Northern Star 40.8Moz 20.5Moz 61.3Moz 20.9Moz 02802452-6A1205846&v=70bc033a22188bdfefb8a0b8ad3c24897ef2837d
Slide 26: Appendix: TSX Peer Comparison Data
Appendix: TSX Peer Comparison Data M&I Inferred Total Total Company Source Resource Resource Resource Reserves https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx- Westgold 8.5Moz 4.4Moz 13.0Moz 3.2Moz research/1.0/file/2924-02792997- 6A1201714&v=70bc033a22188bdfefb8a0b8ad3c24897ef2837d https:/