Westgold Resources Ltd · ASX:WGX

Westgold Resources — Q2 FY22 Earnings Presentation

14 slides from Westgold Resources's earnings presentation, Jan 27, 2022

  1. Slide 1: December Quarterly Overview

    WESTGOLD RESOURCES LIMITED [ ASX: WGX ] DECEMBER QUARTERLY OVERVIEW 27 January 2022 Wayne Bramwell – Executive Director Debbie Fullarton – Chief Executive 1Officer

  2. Slide 2: Disclaimer

    Disclaimer COMPLIANCE STATEMENT 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), who is a member of

  3. Slide 3: Westgold guidance and Asset Map

    Murchison +210,000oz Bryah +60,000oz Westgold guidance and Asset Map FY22 +270,000oz C1 A$1,250 – A$1,400 /oz AISC A$1,500 – A$1,700 /oz 3

  4. Slide 4: December Quarter - Highlights

    DECEMBER QUARTER - Highlights  December Quarter [Q2] Results  Despite COVID disruptions - record quarterly gold production of 66,688oz  Cash cost of sales (C1) of A$1,466/oz  All-In Sustaining Costs (AISC) of A$1,714/oz  Despite COVID cost pressures FYTD – within FY22 guidance  FY22YTD 132,861

  5. Slide 5: Q2 FY22 - Scorecard

    Q2 FY22 - Scorecard Group Gold Production and A$ Costs 80,000 1,800 70,000 FY22 Guidance 1,500 Q1 Q2 Result YTD Gold Production oz. 60,000 1,200 50,000 Cost per oz. Production Record 40,000 900 +270,000 66,173 66,688 132,861 Oz Au quarter 30,000 600 C1 1,250 – 20,000 1,325 1,466 +13% 1,396 A$/oz 1,4

  6. Slide 6: Q2 FY22 – Group Results

    Q2 FY22 – Group Results GROUP GROUP GROUP Q1 Q2 FYTD  Q2 versus Q1 comparison FY22 FY22 Physical Summary Units ROM - UG Ore Mined t 787,367 794,482 1,581,849 UG Grade Mined g/t 2.7 2.6 2.6 OP Ore Mined t 216,911 159,465 376,376  Total production 957,591t aligned OP Grade Mined g/t 1.6 1.3 1.5 Ore

  7. Slide 7: COVID-19 Impacts and Response

    COVID-19 Impacts and Response Employee Headcount - Mining Operations 105% $/L Diesel $/L 1.40 100% Employee Headcount Full time equivalent [FTE] positions vacant 1.30 95% -10% Average 1.20 90% Diesel price increase between Jul to Dec 85% 1.10 +16% 80% 1.00 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 J

  8. Slide 8: Q2 FY22 – Safety Statistics

    Q2 FY22 – Safety Statistics WGX Group Lost Time Injury Performance 3.5 WGX Operation LTI LTIFR MTIFR Cue 0 1.44 17.95 Meekatharra 0 2.09 35.50 Fortnum 1 4.95 19.79 3 TOTAL 1 2.31 23.96 2.5 2 1.5 1 0.5 0 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 8 Lost Time I

  9. Slide 9: BRYAH - Fortnum

    BRYAH - Fortnum Bryah Gold Production and A$ Costs 18,000 1,800 16,000 1,500 Gold Production oz. 14,000 12,000 1,200 Cost per oz. 10,000 900 8,000 6,000 600 4,000 300 2,000 0 - Mar Q 2021 Jun Q 2021 Sep Q 2021 Dec Q 2021 Gold Produced 16,926 12,674 15,636 16,397 C1 Cash Cost/oz 860 1,157 1,107 1,269

  10. Slide 10: MURCHISON – Meekatharra and Cue

    MURCHISON – Meekatharra and Cue Murchison Gold Production and A$ Costs 60,000 2,100 1,800 50,000 Gold Production oz. 1,500 40,000 1,200 Cost per oz. 30,000 900 20,000 600 10,000 300 0 - Mar Q Jun Q Sep Q Dec Q 2021 2021 2021 2021 Gold Produced 45,566 44,235 50,537 50,291 C1 Cash Cost/oz 1,268 1,271

  11. Slide 11: MURCHISON – Big Bell

    MURCHISON – Big Bell Big Bell Q2 Output  219,698 t @ 2.5 g/t Au  Higher % of lower grade upper level and peripheral ore blocks mined  Q3 return to higher % of deeper cave production at/above reserve grade of 2.8g/t Au 11

  12. Slide 12: Exploration & Growth

    Exploration & Growth Exploration and Growth Update - 18 November 2021 New target pipeline identifies:  21 Priority 1  14 Priority 2 exploration targets  Drilling to commence Q3 12

  13. Slide 13: Corporate

    CORPORATE  No Corporate Debt  Maiden Cash Dividend  maiden cash dividend of 2.0 cents [unfranked] per fully paid share  A$6.4M cash disbursement to shareholders  Withdrawal of Offer for Gascoyne Resources Limited  Gold Hedging  140,000 hedged at an average 2,179/oz  Further 35,000oz hedged a

  14. Slide 14: Need more Information?

    Need more Information? Investor and Media Enquiries: Wayne Bramwell – Executive Director P: +61 8 9462 3400 E: wayne.bramwell@westgold.com.au W: www.westgold.com.au 14

Westgold Resources — Q2 FY22 Earnings Presentation on 6ix