Westgold Resources Ltd · ASX:WGX
Westgold Resources — Diggers & Dealers 2021
29 slides from Westgold Resources's conference presentation, Aug 3, 2021
Slide 1: The Westgold Story
2021 THE WESTGOLD STORY Debbie Fullarton - Chief Executive Officer Westgold Resources Limited ASX: WGX - www.westgold.com.au
Slide 2: Investment Proposition
Investment Proposition Long Life, Sustainable Output Expanding Margins Steady Costs, No Debt Growth in Exploration / Acquisitions Creating Shareholder Wealth 1
Slide 3: Company Profile
Company Profile BOARD COMPOSITION MANAGEMENT SHARE INFORMATION Non-Executive Chairman Chief Executive Officer Shares on issue Peter Cook Debbie Fullarton 424,061,038 Executive Director Chief Operating Officer ASX Code Wayne Bramwell Anthony Buckingham WGX Non-Executive Directors Chief Financial Offi
Slide 4: A Brief History
A Brief History Regional dominance (2021) 8.5Moz resource 2.5Moz reserve debt free The Central The Central Murchison Murchison 3 plants 4 villages 7 u/g mines 10 open pits Murchison focused (core assets - 2020) FGO MGO CGO Rapid growth (shrewd acquisitions) FGO (2016) CGO (2017) ACM (2017) HGO (2013
Slide 5: Key Milestones
Key Milestones Independence - listed on the ASX in Dec 2016 The resurrection “The Rebuild” Focus on the Central Murchison Produced 1st million ounces by Oct 2020 Taking control of our destiny 4
Slide 6: Where we are Today
Where we are Today 350 Mining Titles 1300 km2 8.5 million oz Gold Resources 2.5 million oz Gold Reserves 10 year development plans across our projects Debt Free >$150m in Cash 5
Slide 7: The Central Murchison Region
The Central Murchison Region Bryah Basin (Palaeoproterozoic Rocks: 1,800-2,000 million years) Murchison Region (Archaean Yilgarn Craton: circa 2,700 million years) 6
Slide 8: The Central Murchison
The Central Murchison Fortnum FGO 0.9 mtpa Bluebird 1.7 mtpa MGO Central Murchison Gold Project Tuckabianna CGO 1.3 mtpa 7
Slide 9: Fortnum Gold Operations
Fortnum Gold Operations FGO • Infrastructure: Fortnum Plant (0.9 mtpa) Fortnum Village (120 pax) • Major gold production fields: Labouchere Fortnum Peak Hill • Current underground mine: Starlight 700,000 tpa • Supplementary feed: Open Pit/Stocks 200,000 tpa 8
Slide 10: Meekatharra Gold Operations
Meekatharra Gold Operations MGO • Infrastructure Bluebird Plant (1.6 - 1.8 mtpa) Bluebird Village (350 pax) Major onsite Lab (operated by BV) • Current underground mines: Paddy’s Flat - 700,000 tpa South Emu - Triton 350,000 tpa Bluebird - 350,000 tpa • Future underground mines: Rand, Boomerang, Mar
Slide 11: Cue Gold Operations
Cue Gold Operations CGO • Infrastructure: Tuckabianna Plant (1.6 - 1.8 mtpa) Cue Village (250 pax) Big Bell Village (150 pax) • Current underground mines: Big Bell - building to 950,000 tpa Comet - 350,000 tpa • Future underground mines: Fender, 1600-Shocker, Great Fingall, Golden Crown, Caustons •
Slide 12: Internal Mining Services
Internal Mining Services Full service underground and open pit mining Underground diamond drilling Raise bore drilling Off-road ore cartage Warehouse and logistics 11
Slide 13: Increasing Gold Output
Increasing Gold Output MURCHISON REGION ANNUAL GOLD OUTPUT ('000 OZ) 270 + 235 245 221 166 103 2017 2018 2019 2020 2021 2022F 12
Slide 14: Consistent Unit Costs
Consistent Unit Costs Unit Costs 2,500 2,000 1,500 1,000 500 Sales Price (A$/oz) AISC (A$/oz) - FY17 FY18 FY19 FY20 FY21 13
Slide 15: Expanding Margins
Expanding Margins AISC Margins per Oz 2,500 2,000 1,500 1,000 Sales Price (A$/oz) AISC (A$/oz) 500 - FY17 FY18 FY19 FY20 FY21 14
Slide 16: Fiscal Strength
Fiscal Strength Strong Balance Sheet 2020 2021 (Unaudited & indicative) $m $m 7% cash growth Assets (over prior year) Cash 140 150 Plant & Equipment 160 175 3 process plants, 4 villages, mining fleet (carried Mine Properties & Development 300 410 at a fraction of replacement value) Exploration & Eva
Slide 17: New Developments - Reedy's (MGO)
New Developments - Reedy’s (MGO) Reedy’s Gold Mining Centre: • 1.5 Moz of historic and current endowment • Steadily producing at 25,000 tpm @ 3.2 g/t 16
Slide 18: Reedy's – New Triton Access (MGO)
Reedy’s – New Triton Access (MGO) 17
Slide 19: Reedy's - A Bigger Picture (MGO)
Reedy’s - A Bigger Picture (MGO) 18
Slide 20: New Developments - Bluebird (MGO)
New Developments - Bluebird (MGO) Yaloginda Gold Mining Centre: • 2.0 Moz of historic and current endowment • Paddy’s Flat steadily producing at 60,000 tpa @ 3.0+ g/t • New Bluebird Mine 25,000 tpa @ 3.0 g/t + 19
Slide 21: The Bluebird Mine (MGO)
<Q The Bluebi mine (co) WEE South Junction Bluebird Historic open pit production Historic open pit production +400,000 Oz +285,000 Oz Iron Bar lodes PolarStarlodes South Junction lodes Edin Hope lodes Biuebled Bluebird North Exploration target Exploration +5 g/tAu target i Bluebird Underground Schem
Slide 22: The Big Bell Mine (CGO)
The Big Bell Mine (CGO) Big Bell Gold Mine: • Increasing to 950,000tpm @ 2.9 g/t + 21
Slide 23: Big Bell Takes Shape (CGO)
-_ Historic Open Pit finass % Production=14.2Mt@ (iW 5 . | 1.8g/t Au for 820 Koz Bis: Bin ee Bie Historic Underground er \.—— \ sj Production ~17.1Mt @ q A 8 3.5g/t Au for 1.9 Moz a —_ | 1 | a i i) et | ii = Lt 2 { { > Base of Cave Pegmatite si] , =580m below intrusions ] VAIN surface @ t y June 202
Slide 24: More Mines - Fender, 1600-Shocker (CGO)
More Mines - Fender, 1600-Shocker (CGO) 23
Slide 25: Jewels In The Crown (CGO)
Jewels In The Crown (CGO) WEE GREAT FINGALL - GOLDEN CROWN We. Mining Centre Schematic A Great Fingal WESTGOLD ‘Smith United Mine S0lden Crown Shaft “shaft Soper pens Pit Extension 4 (In-Wall Ramp) | 20m Histories! Production -— _ fe 288,000 oz at 13.8g/t Proposed Decline z 6.3m at 3.71% Cu,| Great
Slide 26: Moving To Growth
Moving To Growth Regional Dominance Greenfields Exploration Leveraging our Infrastructure Expanding Our Footprint Playing the Long Game 25
Slide 27: Investment Proposition
Investment Proposition Long Life, Sustainable Output Expanding Margins Steady Costs, No Debt Growth in Exploration / Acquisitions Creating Shareholder Wealth 26
Slide 28: Mineral Resources & Reserve Estimates
Mineral Resources & Reserve Estimates Glossary: CMGP: Central Murchison Gold Project MGO: Meekatharra Gold Operations CGO: Cue Gold Operations FGO: Fortnum Gold Operations 27 30
Slide 29: Compliance Statement
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 and Anthony Buckingham B.Eng (Mining Engineering) MAusIMM. Both have sufficie