Westgold Resources Ltd · ASX:WGX
Westgold Resources — Diggers & Dealers 2017
22 slides from Westgold Resources's conference presentation, Aug 8, 2017
Slide 1: Diggers & Dealers
ASX:WGX For personal use only “Diggers & Dealers” 1
Slide 2: Digging – We do a bit!
Digging – We do a bit! 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). 15.4 million ounce resource base. 2.9 m ounce mining reserve. 265,000ozpa going above 400,000oz pa. 2
Slide 3: Dealing – We do a bit!
Dealing – We do a bit! For personal use only Oct 2012 Higginsville, SKO Oct 2013 Meekatharra May 2014 Central Tanami Feb 2015 Cannon Aug 2015 George’s Reward Sep 2015 Fortnum & Peak Hill Oct 2015 Mt. Henry & Selene Oct 2015 Comet Mine Feb 2016 Gunga Mine Jun 2016 Nifty & Marrochydore Aug 2016 SKO Sa
Slide 4: Westgold - Corporate Profile
Westgold - Corporate Profile For personal use only Corporate structure (ASX:WGX) Board Non-executive Chairman Peter J. Newton Issued Shares 320million Managing Director Peter G. Cook Share Price A$ 1.55 Director of Operations Steve Norregaard Market Cap A$ 500 million At Jul 17, 2017 Non-Executive D
Slide 5: Diggers Themes This Year
Diggers Theme’s This Year For personal use only “What gets lost in the fire gets found in the ashes”. No new or significant gold discoveries: - the renovation of old mines. - the re-incarnation of old mining centres. - the search for look-alike deposits. 5
Slide 6: Asset Rich – Westgold Group
Asset Rich – Westgold Group For personal use only Dominant Land Positions 5 Processing Plants- 6.5 Mtpa Capacity in 2 Prolific Goldfields Murchison Goldfield Eastern Goldfield Substantial open pit and underground mining fleet Big resource and reserve base. 6
Slide 7: Gold Production Profile – Westgold Group
Gold Production Profile – Westgold Group For personal use only FY 2016/2017 5 Key Gold Projects Quarterly Gold Prod'n and A$ Costs 4 Producing, 1 at Pre-feasibility Stage 80,000 1400 70,000 1200 60,000 QTR PROD'N OZ 1000 COST PER OZ 50,000 800 40,000 600 30,000 400 20,000 10,000 200 0 0 Sep Q 2016 D
Slide 8: A Tough Year for Gold Miners
A Tough Year for Gold Miners For personal use only 0% - 12 month return Clearly outperforming our peers over the year!! Sideways is the new up! Source: Hartley Poynton Sharks & Minnows July 13, 2017 8
Slide 9: Big Events of the Past Year
Big Events of the Past Year For personal use only • Demerger of Westgold from Metals X. • First Full Financial Year of CMGP • 101,339oz @ Cash cost A$1133/oz, AISC A$1290/oz. • Still in a development / ramp-up mode (another 18 months) • Sale/asset merger agreement with RNC Minerals over SKO. • Succe
Slide 10: CMGP – The Biggest Aggregation Play since the Super Pit
CMGP – The Biggest Aggregation Play since the Super Pit For personal use only 9 Major Historic Mining Centre’s 302 Mining Titles covering 932 km2 Mining Centre Prod'n History Remaining TMR Million Oz's Million Oz's Big Bell 2.80 2.5 Cuddingwarra 0.80 0.55 Day Dawn 1.70 0.89 Nannine 0.20 0 Paddy's Fl
Slide 11: CMGP – The Biggest Aggregation Play since the Super Pit
CMGP – The Biggest Aggregation Play since the Super Pit For personal use only 2 Process Plants - 3mtpa Capacity Bluebird CIP Plant – 1.8mtpa Tuckabianna CIP Plant – 1.8mtpa 11
Slide 12: CMGP – The Biggest Aggregation Play since the Super Pit
CMGP – The Biggest Aggregation Play since the Super Pit For personal use only 12
Slide 13: CMGP – The Big Bell Mine
CMGP – The Big Bell Mine For personal use only 13
Slide 14: CMGP – The Paddy’s Flat Mine
CMGP – The Paddy’s Flat Mine For personal use only 14
Slide 15: Fortnum Gold Project
Fortnum Gold Project For personal use only Labouchere Group Production: 2.1 Mt @ 2.6 g/t for 175k oz Resource: 2.3 Mt @ 1.8 g/t for 129k oz Reserves: 1.0 Mt @ 1.8 g/t for 54k oz Fortnum Group Production: 8.4 Mt @ 2.9 g/t for 772k oz Resource: 13.1 Mt @ 2.1 g/t for 881k oz Reserves: 3.6 Mt @ 2.0 g/t
Slide 16: Recently Commissioned Fortnum Plant
Recently Commissioned Fortnum Plant For personal use only 16
Slide 17: Ahead of the Game – Owner Operator
Ahead of the Game – Owner Operator For personal use only • The acquisition of Australian Contract Mining. • Lower our unit costs to the lowest possible. • Have inherent flexibility to change and vary scopes of work. • All the gear fleet and people to handle our expansions. • A stronger balance sheet
Slide 18: Why invest in Westgold? Compelling Peer Metrics
Why invest in Westgold? Compelling Peer Metrics For personal use only Enterprise Value per ounce of Mineral Resource A$29/oz vs. A$80/oz (Industry Average) Enterprise Value per ounce Ore Reserves A$149/oz vs. A$307/oz (Industry Average) Source: Grant Samuel July 2017 18
Slide 19: Why Invest in Westgold? Arguably the Most Growth
Why Invest in Westgold? Arguably the Most Growth 18 For personal use only 16 15.4 15.3 14 14 12.1 12 MIllion Oz's 10 9.3 9.1 8.6 8.4 8 5.9 6 5.6 5.5 4 4 3.5 3.2 2.9 2.2 2.1 2 2 1.3 1.5 0.4 0.4 0 RMS RSG BDR SBM WGX EVN RRL NST SLR OGC SAR Resources 2.2 12.1 3.5 9.1 15.4 14 8.6 9.3 3.2 15.3 8.4 REser
Slide 20: Why invest in Westgold? Compelling Peer Metrics
Why invest in Westgold? Compelling Peer Metrics For personal use only Enterprise Value / Forecast Free Cash Flow 20.2 16.1 16.7 7.4 8 6.1 6.9 4.5 5.3 4.3 3.1 3.2 3.4 Source: Bells Gold Tracker – July 17
Slide 21: Total Gold Inventory by JORC Category & Project
Total Gold Inventory by JORC Category & Project For personal use only 2 For full details please refer to the announcement ”Annual Update – 1 Mineral Resource & Ore Reserve as at 30 June 2016” released by Metals X Limited (ASX:MLX) on 18 August 2016. 21
Slide 22: 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