Westgold Resources Ltd · ASX:WGX
Westgold Resources — Investor Presentation (December 2017)
24 slides from Westgold Resources's investor presentation, Dec 12, 2017
Slide 1: Company Update December 2017
ASX:WGX For personal use only Company Update December 2017 1
Slide 2: Company Overview
For personal use only Company Overview “We are miners!” 7
Slide 3: Westgold - Corporate Profile
Westgold - Corporate Profile For personal use only Corporate structure (ASX:WGX) Board Non-executive Chairman Peter J. Newton Issued Shares 337.7 million Managing Director Peter G. Cook Share Price A$ 1.60 Director of Operations Steve Norregaard Market Cap ~A$ 540m At Dec 8, Non-Executive Director P
Slide 4: Westgold – The new force in Australian Gold Production
Westgold – The new force in Australian Gold Production For personal use only 5 Processing Plants – 6.5mtpa of capacity. 10 open pits (another 10 in pipeline more) 4 underground mines (another 5 planned) 16+ million ounce resource base 3.38 m ounce ore reserve ~267,000oz in 2016/17 going above 400,00
Slide 5: Gold Production Profile – Purely West Australian
Gold Production Profile – Purely West Australian For personal use only 1 million tpa 1.8 million tpa 1.2 million tpa 1.2 million tpa 1.3 million tpa 5
Slide 6: Gold Production Profile – Westgold Group FY2017
Gold Production Profile – Westgold Group FY2017 For personal use only Quarterly Gold Prod'n and A$ Costs 80,000 1400 70,000 1200 60,000 1000 QTR PROD'N OZ 50,000 COST PER OZ 800 40,000 600 30,000 400 20,000 10,000 200 0 0 Dec Q 2016 Mar Q 2017 Jun Q 2017 Sep Q 2017 Gold Prod'n 75,134 64,139 62,370 6
Slide 7: Growth in Annual Gold Output
Growth in Annual Gold Output For personal use only 380,000 – 420,000 oz 380,000 – 420,000 oz 450,000 310,000 – 340,000 oz 400,000 350,000 267,000 oz 300,000 250,000 200,000 150,000 100,000 50,000 0 2017FY(a) 2018FY(fcst) 2019FY(fcst) 2020FY(fcst) Future AISC (forecast) (A$1,220/oz – A$1,270/oz ) 7
Slide 8: Murchison Goldfield Overview
For personal use only Murchison Goldfield Overview - Central Murchison Gold Project (CMGP) - Fortnum Gold Project (FGP) “Making old mines great again !” 7
Slide 9: CMGP – The Main Project
CMGP – The Main Project For personal use only Large aggregation play. 9 Major Historic Mining Centre’s 302 Mining Titles covering 932 km2 Mining Centre Prod'n History Million Oz's Big Bell 2.80 Cuddingwarra 0.80 Day Dawn 1.70 Nannine 0.20 Paddy's Flat 2.30 Reedy 1.00 Tuckabianna 0.60 Yaloginda 1.20
Slide 10: CMGP – The Main Project
CMGP – The Main Project For personal use only HISTORIC PRODUCTION Meekatharra Gold Op’s (MGO) Cue Gold Operations (CGO) 1 0
Slide 11: Central Murchison Gold Project (CMGP) Appendix 1
Central Murchison Gold Project (CMGP) For personal use only APPENDIX 1, SCHEDULE 1 2.5Mt's @ 2.2g/t 3.2Mt's @ 2.2g/t 3.0Mt's @ 2.9g/t 3.1Mt's @ 3.1g/t 3.0Mt's @ 3.4g/t 3.0Mt's @ 3.3g/t 3.0Mt's @ 3.1g/t 3.0Mt's @ 3.5g/t 3.1Mt's @ 3.3g/t 3.1Mt's @ 2.3g/t for 176k oz for 224k oz for 278k oz for 308k oz
Slide 12: CMGP – Meekatharra Gold Operations (MGO)
CMGP – Meekatharra Gold Operations (MGO) For personal use only APPENDIX 2, SCHEDULE 1 1.6Mt's @ 2.8g/t 1.6Mt's @ 2.8g/t 1.5Mt's @ 3.2g/t 1.7Mt's @ 3.3g/t 1.6Mt's @ 3.5g/t 1.6Mt's @ 3.4g/t 1.6Mt's @ 3.2g/t 1.6Mt's @ 3.8g/t 1.6Mt's @ 3.7g/t 1.7Mt's @ 2.1g/t for 149k oz for 145k oz for 158k oz for 177k
Slide 13: CMGP – Cue Gold Operations (CGO)
CMGP – Cue Gold Operations (CGO) For personal use only APPENDIX 3, SCHEDULE 1 0.8Mt's @ 1.0 g/t 1.5Mt's @ 1.6 g/t 1.4Mt's @ 2.6 g/t 1.5Mt's @ 2.8 g/t 1.4Mt's @ 3.2 g/t 1.4Mt's @ 3.2 g/t 1.4Mt's @ 3.1 g/t 1.4Mt's @ 3.1 g/t 1.4Mt's @ 2.9 g/t 1.4Mt's @ 2.5 g/t for 26k oz for 78k oz for 120k oz for 131k
Slide 14: CMGP – Process Plants - 3mtpa Capacity
CMGP – 2 Process Plants - 3mtpa Capacity For personal use only 14
Slide 15: Fortnum Gold Project (FGP)
Fortnum Gold Project (FGP) For personal use only • Resource* - 24.3 Mt @ 1.8g/t = 1.40 million oz’s Plant Feed Components: • Reserves* - 5.67 Mt @ 1.76 g/t = 0.32 million oz’s Low Grade Stocks currently on surface: • Commercial Production achieved on 30 June 2017 • Multiple feed sources feeding a 1
Slide 16: Eastern Goldfield Overview
For personal use only Eastern Goldfield Overview - Higginsville Gold Operations (HGO) - South Kalgoorlie Operations (SKO) 7
Slide 17: Eastern Goldfields Projects
Eastern Goldfields Projects For personal use only South Kalgoorlie Operations (SKO) 1.2 million tpa CIL Plant Higginsville Gold Operations (HGO) 1.3 million tpa CIL Plant 14
Slide 18: Higginsville Gold Operations
Higginsville Gold Operations For personal use only • Resource - 33.0 Mt @ 1.97g/t = 2.09 million oz’s • Reserves - 9.07 Mt @ 1.67 g/t = 0.49 million oz’s • Producing at 70,000+ ozpa run-rate • Multiple feed sources feeding a 1.3 million tpa CIL plant (~2 mtpa at expanded capacity and production incr
Slide 19: South Kalgoorlie Operations (SKO)
South Kalgoorlie Operations (SKO) For personal use only SKO Gold Prod'n & A$ Costs QTR GOLD PROD'N OZ 30,000 1400 25,000 1200 1000 20,000 COST PER OZ 800 15,000 600 10,000 400 5,000 200 0 0 Dec Q 2016 Mar Q 2017 Jun Q 2017 Sep Q 2017 Gold Prod'n 22,566 25,544 15,641 11,290 Cash Cost/oz 1001 765 1058
Slide 20: Rover Project - Prefeasibility Stage
Rover Project - Prefeasibility Stage For personal use only • Virgin IOCG Discovery • Blind from surface • Bonanza Grades in broader • poly-metallic halo. • Prolific Production area • Good Infrastructure • roads • gas • water • nearby town • Rail Capital Investment to establish a circa 60,000oz gold
Slide 21: Why invest in Westgold? Compelling peer metrics
Why invest in Westgold? Compelling peer metrics ! For personal use only Gold Peers EV/EBITDA Multiples 17/18F 12 10 8 6 Average 4.84x 4 3.4x 2 0 SILVER LAKE RESOLUTE MINING RAMELIUS WESTGOLD ST BARBARA SARACEN MINERALS EVOLUTION MINING NORTHERN STAR REGIS RESOURCES NEWCREST MINING RESOURCES RESOURCE
Slide 22: Why invest in Westgold? Compelling peer metrics
Why invest in Westgold? Compelling peer metrics ! For personal use only Estimated Gold Production Model 17/18 EV per ounce of production 8000 7000 6000 5000 Average A$3,580/oz 4000 3000 2000 A$1,737/oz 1000 0 RAMELIUS SILVERLAKE WESTGOLD RESOLUTE ST BARBARA SARACEN NORTHERN STAR REGIS EVOLUTION NEWC
Slide 23: Total Gold Inventory by JORC Category & Project
Total Gold Inventory by JORC Category & Project For personal use only WESTGOLD RESOURCES LIMITED Gold Division Mineral Resource Statement - Rounded for Reporting 30/6/17 Project k Tonnes Grade k Ounces Au MEASURED CMGP 613 2.02 40 FGP - - - HGO 1,939 2.85 177 SKO 1,173 3.43 130 Sub-Total 3,725 2.90
Slide 24: General Disclaimer
The Newly Minted – Top 10 Australian Gold Producer For personal use only General Disclaimer This presentation has been prepared by Westgold Resources Limited (“Westgold” or the “Company”). It should not be considered as an offer or invitation or inducement to subscribe for or the purchase of any sec
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