Westgold Resources Ltd · ASX:WGX
Westgold Resources — Diggers & Dealers (2019)
20 slides from Westgold Resources's conference presentation, 2019
Slide 1: “The Renovators”
“The Renovators” Cr eat i ng Weal t h Mak i ng J obs S us t ai ni ng Regi onal E c onomi es 1
Slide 2: Compliance & General Disclaimer
Compliance & General Disclaimer 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, a
Slide 3: Let's Talk About Westgold Downsizing
LE T’s TALK ABOUT WE S TGOLD downsi z i ng 3
Slide 4: Re-shaping the Focus
RE - S HAP I NG THE FOCUS THE KEEPERS THE SELLS Murchison Region Assets Kalgoorlie Region Assets D O L S Fortnum Gold Opertions South Kalg Gold Operations L D S O Meekatharra Gold Higginsville Gold Operations Operations L D S O Lithium Royalties Cue Gold Operations THE B.O.O.T ‘s Rover Project , NT–
Slide 5: The Core Focus
THE CORE FOCUS CENTRAL MURCHISON AGGREGATION: WE OWN THE MAJORITY OF TENURE AND RESOURCES IN THE MURCHISON REGION. Over 10 Million ounces of Historic Murchison Goldfields Production 4 major historic underground producers 9.35 Million ounces of Total Resource*. FGO MGO 2.65 Million ounces of Mining R
Slide 6: 3 Processing Hubs
3 P ROCE S S I NG HUBS 3.5 – 4.0 MILLION TONNES OF PLANT CAPACITY FORTNUM 0.9 – 1.0 Million TPA BLUEBIRD 1.4 – 1.6 Million TPA FGO MGO CGO TUCKABIANNA Kalgoorlie 1.2 – 1.4 Million TPA Perth 6
Slide 7: Murchison Gold Operations
M U R C H I S O N G O L D O P E R AT I O N S PASSING THE TIPPING POINT !! Since consolidation of the land position the company has developed 6 underground mines, 12 open pits and fully refurbished and commissioned 3 processing plants. Capital investment over the last 3 years in the Murchison Assets
Slide 8: The Operating Model
THE OP E RATI NG MODE L Building underground mine capacity to provide a base-load Open Pit Ore Feed as top- feed to processing hubs. ups to lower unit costs. Ideally 80%+ of plant feed Low-grade Stocks – a buffer for from higher grade underground the inevitable capacity issue – mines. free on surfac
Slide 9: Underground Mines The Future
Underground Mi nes The Fut ure 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 420m Triton 0.25 M Oz 0.21 M Oz 0.04 M Oz 163
Slide 10: Fortnum (FGO) – Snapshot
FORTNUM (FGO) – SNAPSHOT 3 Major Gold Production Fields: Labouchere, Fortnum, Peak Hill Simple Metallurgy & CIP Plant capacity of 0.9Mtpa ORE FEED SOURCES : . Fortnum (FGO) Starlight U/g Mine ~ 500 kt @ 3.5+ g/t Open Pit/Stocks ~ 400kt @ 1.2 g/t GOLD OUTPUT ~ 65,000 oz @ AISC <A$1,300/oz MINERAL RES
Slide 11: Meekatharra (MGO) – Snapshot
M E E K AT H A R R A ( F G O ) – S N A P S H O T Five (5) Major Gold Production Fields: Meekatharra North, Paddy’s Flat, Yaloginda, Nannine, Reedy’s Generally Simple Metallurgy & CIP Plant capacity of 1.4 – 1.6 Mtpa ORE FEED SOURCES : U/g Mines - moving to 1 Mtpa kt @ ~ 4+ g/t (currently 750ktpa) Op
Slide 12: Cue (CGO) – Snapshot
CUE (CGO) – SNAPSHOT Five (5) Major Gold Production Fields: Big Bell, Cuddingwarra, Day Dawn, Tuckabianna, Pinnacles Simple Metallurgy & CIP Plant capacity of 1.2 Mtpa ORE FEED SOURCES : U/g Mines - 500 ktpa kt @ ~ 4+ g/t (building to 1.2Mtpa @ ~ 3g/t) Open Pits - 700kt @ 1.5 g/t (reducing to 200 kt
Slide 13: Cue (CGO) – The Big Bell Mine
CUE (CGO) – The Big Bell Mine 13
Slide 14: FY 2020 Guidance
FY 2020 Guidance 270,000 – 300,000 oz Westgold strives AISC to achieve sustainable and profitable gold A$1340 – A$1410/oz production and create wealth for all its shareholders MGO 110 -120,000 oz CGO OPERATING COST 100 - 110,000 oz A$1200 – A$1280/oz FGP 65 - 70,000 oz AUD $0.70 14
Slide 15: Further Downsizing: Pure Play Gold Focus
FURTHE R DOWNS I ZI NG P URE P LAY GOLD FOCUS 15
Slide 16: De-merging NT Polymetallic Assets
De-merging NT Polymetallic Assets Rover 1 Prospect TMR of 6.8 Million Tonnes 1.73g/t Au, 2.07g/t Ag, 1.2% Cu, Advanced Stages of a De-merger 0.14% Bi, 0.06% Co Solely for the benefit of WGX Shareholders 1:4 In specie distribution Explorer 108 Prospect TMR of 11.9 Million Tonnes 1:1 entitlement issue
Slide 17: Westgold – Investment Synopsis
WESTGOLD – Investment Synopsis PASSING THE TIPPING POINT OF HEAVY INVESTMENT Ramp-ups Nearing Completion. Gold Output Rising. Costs Reducing. Now a Simple Focussed Story. Heavily Discounted to Peer Metrics. Cash, Asset Rich, Growth Source Data: Bells Gold Tracker March 2019 17
Slide 18: Go Gold – Giddy Up!!
Go Gold – Giddy Up!! 2012 Longs saw USD 1750 gold. Why aren’t we there now? Central Bank Buying Highest levels in 2018 since the 1970’s. Since 2012: Gold Production is up ~15 m ounces Recycled gold is up! Jewellery demand is weaker ( most notably in China ). Can gold investors who must take market u
Slide 19: Westgold – Resources & Reserves
WESTGOLD – Resources & Reserves For full details please refer to the announcement ”Annual Update – Mineral Resource & Ore Reserve as at 30 June 2018” released by Westgold Resources Limited (ASX:WGX) on 2nd October 2018. 19
Slide 20: “The Renovators”
WESTGOLD RESOURCES LIMITED “The Renovators”