Westgold Resources Ltd · ASX:WGX
Westgold Resources — Investor Presentation (June 2020)
17 slides from Westgold Resources's investor presentation, Jun 10, 2020
Slide 1: Corporate Presentation June 2020
Melbourne Mining & Energy Forum June 2020 Fortnum Cue FGO CGO Meekatharra MGO Corporate Presentation June 2020 Peter Cook - Executive Chairman Rod Corps – Investor Relations
Slide 2: Capital structure and liquidity
FPO Shares on Issue: 420.23 million Options : 3.7 million (various dates above $2/share) : 1.6 million (ZEPO Employee Perf. Rights) Market Capitalization: ~A$ 1 billion (~US$675 million) Cash, Bullion, Investments: ~ A$100m+ Debt/Gold Pre-pay: 2,789oz (~A$5m) ending 15th June 2020 Gold Hedges: 210,0
Slide 3: Reset Refocus Restart
Focused on its core gold business in the Murchison Region, WA. Divested its older high-cost operations: South Kalgoorlie Operations ________ Higginsville Gold Operations Reset Began divesting Lithium interests & royalties Refocus De-merged its Gold-Copper and other Polymetallc NT Restart ___________
Slide 4: Westgold's mining tenure
Westgold’s mining tenure (2) – Refer to Resource & Reserve tables. 4
Slide 5: A million oz goldfield
A 20 million oz goldfield (prod’n + resources) Golden Crown Headframe Including prolific high-grade underground mines Big Bell 2.6 million oz to ~ 500m depth Great Fingall 1.3 million oz to ~ 750m depth Golden Crown 400,000 oz to ~ 540m depth Triton Mine 300,000 oz to ~380m depth Fenians- Consols 70
Slide 6: A top Australian Gold Producer
A top 10 Australian Gold Producer Dominant gold Producer in the Central Murchison region of W.A. Gold production of over 750,000oz in last 3 years. Built on cash flow, minimal equity & debt. Asset Rich - Westgold has 3 processing plants (~4mtpa), 4 villages (750 beds). 250,000ozpa going to 300,000oz
Slide 7: Too many moving parts - Refocus & delivery
Too many moving parts Refocus & delivery 7
Slide 8: Australian Gold Developers have struggled; Westgold has survived and thrived
Australian Gold Developers/Renovaters have struggled Westgold has survived and thrived! Gold Price Gold Production Margins Share Price 8
Slide 9: FGO Gold Production & A$ Costs
FGO Gold Production & A$ Costs 25,000 1,800 QTR GOLD PROD'N Oz's 1,600 Cost Per Oz 20,000 1,400 1,200 15,000 1,000 10,000 800 600 5,000 400 200 0 - Sep Q Dec Q Jun Q 2019 Mar Q 2020 2019 2019 Gold Prod'n 14,222 13,764 19,465 12,724 Cash Cost/oz 1,123 1,139 808 1,321 AISC/oz 1,329 1,354 939 1,607 Rol
Slide 10: Open pit and underground production
Open Pit Produced : 4.7 million tonnes at 2.8g/t Au Underground mine produced (so far): 1.42 million tonnes at 4.24 g/t Au Only mined to ~ 300m below surface. Only Starlight, Twilight and a small amount from Trev’s so far. 10
Slide 11: MGO Gold Production & A$ Costs
MGO Gold Production & A$ Costs 30,000 1,600 QTR GOLD PROD'N OZ 1,400 25,000 1,200 COST PER OZ 20,000 1,000 15,000 800 600 10,000 400 5,000 200 0 - Jun Q Sep Q Dec Q Mar Q 2019 2019 2019 2020 MGO Gold Prod'n 22,233 25,958 25,433 26,066 MGO Cash Cost/oz 1,263 1,037 1,165 1,208 Rolling 12 mths: MGO AIS
Slide 12: Paddy's Flat and South Emu
WESTGOLD RESOURCES LIMITED PADDY’S FLAT (MGO) SOUTH EMU (MGO) Remnant Stopes GA Existing Development Existing Stope Voids Planned Development WW Planned Stope Voids
Slide 13: CGO Gold Production & A$ Costs
CGO Gold Prod'n & A$ Costs 25,000 1,800 1,600 20,000 1,400 QTR Gold Prod'n OZ 1,200 Cost Per oz 15,000 1,000 800 10,000 600 5,000 400 200 0 0 Jun Q Sep Q Dec Q Mar Q 2019 2019 2019 2020 Gold Prod'n 20,914 17,750 17,757 16,444 Cash Cost/oz 1,141 1,397 1,479 1,345 Rolling 12 mths: AISC/oz 1,275 1,528
Slide 14: The Big Bell Mine
WESTGOLD RESOURCES LIMITED THE BIG BELL MINE Big Bell Mine rr Schematic Long-Section westeoLp J ? Historic Production 2.7 million ounces strc pen Pm P Current Total Reserves (10 yrs): Y 9.8 million tonnes at 3.0 g/t, 948,0000z a Current Total Resource (13 years): Sd 12.4 million tonnes at 3.12g/t, 1
Slide 15: 1.5 million oz historic production; potential for another 1 million oz mine
1.5 million oz at 18.4g/t historic production. Potential for another 1 million oz mine. 15
Slide 16: Refer to Disclaimer for JORC 2012 Competent Person's Statement
Refer to Disclaimer for JORC 2012 Competent Person’s Statement 16
Slide 17: JORC Compliance Statement - Competent Persons Statements
JORC COMPLIANCE STATEMENT Competent Persons Statements • The information in this report that relates to Exploration Results and Mineral Resources and Ore Reserves is based on information compiled Mr Jake Russell B.Sc. (Hons) MAIG, Mr Paul Hucker B. Eng (Hons) MAIMM, and Anthony Buckingham B.Eng (Min
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