Westgold Resources Ltd · ASX:WGX
Westgold Resources — ASX Investor Gold Conference 2020
18 slides from Westgold Resources's conference presentation, Feb 11, 2020
Slide 1: Purely West Australian Gold
Purely West Australian Gold Peter Cook – Executive Chairman Presentation February 11, 2020
Slide 2: About Westgold (ASX: WGX)
About Westgold (ASX: WGX) • A top 10 Australian Gold Producer • Dominant gold Producer in the Central Murchison region of W.A. • Gold production of over 750,000oz in last 3 years. • Operates 7 u/g mines & numerous open pits. • Westgold has 3 processing plants (~4mtpa). • CY 2020 production expected
Slide 3: Corporate Snapshot
Corporate Snapshot • Shares on Issue 399,669,957 • Empl. Opt’s 3,925,000 • Perf. Rights 1,181,723 • Share Price (31/1/20) $2.20 • Market Cap ~A$880 million • EV ~A$830 million • Exec Chairman: Peter Cook • Op’ns Director: Steve Norregaard • CEO Gold Op’s: Anthony Buckingham Good Liquidity • NEDS: Fi
Slide 4: Aggregation of the Central Murchison Region
Aggregation of the Central Murchison Region Labouchere Mining Centre Fortnum Mining Centre Fortnum Gold Operations (FGO) Peak Hill Mining Centre Meeka North Mining Centre Paddy’s Flat Mining Centre Yaloginda Mining Centre Meekatharra Gold Op’s (MGO) Nannine Mining Centre Reedy’s Mining Centre Big Be
Slide 5: Gold endowment
Gold endowment Historic (Koz) Resources (koz) Reserves (koz) Labouchere 200 167 52 Fortnum 1000 745 263 FGO Peak Hill 800 369 108 Meeka North 100 41 21 Paddy’s Flat 2300 1335 189 Yaloginda 1200 824 91 Nannine 200 87 29 MGO Reedy’s 1000 992 125 CMGP Big Bell 2800 2108 1096 Cuddingwarra 800 591 351 CG
Slide 6: Process Plants – North, Middle & South
3 Process Plants – North, Middle & South Fortnum Gold Operations (FGO) 0.9 – 1.0 Million TPA MGO Central Murchison 1.6 – 1.8 Million TPA Gold Operations CMGP CGO 1.2 – 1.4 Million TPA
Slide 7: Control – Resources & Reserves
Control – Resources & Reserves Resources (koz) Reserves (koz) Fortnum Gold Operations 1,282 423 (FGO) MGO Central Murchison Resources (koz) Reserves (koz) Gold Operations CMGP 7,725 2,196 CGO Total 9,007 Koz 2,619 Koz Regional Control
Slide 8: Processing Hubs – North, Middle & South
3 Processing Hubs – North, Middle & South Annual Gold Output 0.9 – 1.0 Million TPA 65 – 70,000 oz FGO Fortnum Mill 1.6 – 1.8 Million TPA 110 – 120,000 oz MGO Bluebird Mill Central Murchison Gold Operations 1.2 – 1.4 Million TPA 100 – 110,000 oz CGO Tuckabianna Mill Total Gold Output 275 – 300,000 oz
Slide 9: Newest Addition - Big Bell Mine
Newest Addition - Big Bell Mine • A historic producer of 2.7Moz closed in 2003. • Total Mineral Resource* 2.11 Moz (23.8 Mt @ 2.75g/t) • Total Ore Reserve 1.1 Moz (11.83 Mt @ 2.88g/t) • A sub-level mining cave mining operation (bulk, low cost mining). • Annual Production ~ 1 million tonnes per annum
Slide 10: Underground Mines to Dominate
Underground Mines to Dominate “Old mines don’t die, they just get deeper !” Mine Past Prod’n Resource Reserve’s Depth Big Bell 2.71 M Oz 2.1 M Oz 1.10 M Oz 540m Great Fingall 1.37 M Oz 0.41 M Oz 0.23 M Oz 850m Golden Crown 0.29 M Oz 0.19 M Oz 0.04M Oz 500m Paddy’s Flat 0.83 M Oz 0.72 M Oz 0.21 M Oz
Slide 11: Westgold – Unique as Owner Operator
Westgold – Unique as Owner Operator • We own major underground mining fleet. • We own our own raise drilling and underground diamond drill fleets. • We own substantial open pit mining fleet. • We operate our own crane, elevated work platform and low loader fleets. If you have the technical capabilit
Slide 12: Gold Output
Gold Output Rising output despite 5 operations shrinking to 3 mines FY 2018 FY2019 FY2020 (Fcst) 253,210 oz 255,221 oz 275 – 300,000oz A$ 1,273/oz A$ 1,253/oz A$1,175 - $1,230/oz A$ 1,462/oz A$ 1,408/oz A$1,370 - $1,420
Slide 13: The Castile Demerger
The Castile Demerger 1:4 In-specie Distribution to Westgold Shareholders 99.85m shares 1:1 Entitlements Issue exclusively to Westgold Shareholders 99.85m shares Shortfall partially underwritten. $19.9m cash raised ASX Listing expected Friday Feb 14, 2020 ASX: CST shares Mkt Cap ~$40m & EV of ~$21m
Slide 14: Bonanza Grade Copper & Gold in Tennant Creek Area
Bonanza Grade Copper & Gold in Tennant Creek Area
Slide 15: Why Castile ?
Why Castile ? C CASTILE RESOURCES LIMITED Total Resource: 11.8 Million Tonnes 3.20% Zn, 2.00% Pb,-11.1g/t Ag") Smaller-HG core at +10% Zn+-Pb") Explorer 142 Prospect | Total-Resource: 176,000 Tonnes §| 5.20% Cu, 0.21g/t-Au§) Newly-discovered —sparsely tested." Total-Resource: 6.9 -Million Tonnes {|
Slide 16: How Castile lines up ?
How Castile lines up ? Refer to ASX:CST & WGX for prospectus and disclosures
Slide 17: Throw in a Virgin Pb-Zn discovery, and more ?
Throw in a Virgin Pb-Zn discovery, and more ?
Slide 18: You be the judge !!
Purely West Australian Gold ASX: WGX You be the judge !! ASX: CST
Westgold Resources — ASX Investor Gold Conference 2020 on 6ix