Westgold Resources Ltd · ASX:WGX
Westgold Resources — Q1 FY22 Earnings Presentation
15 slides from Westgold Resources's earnings presentation, Oct 27, 2021
Slide 1: September Quarterly Overview
WESTGOLD RESOURCES LIMITED [ ASX: WGX ] SEPTEMBER QUARTERLY OVERVIEW 27 October 2021 Wayne Bramwell – Executive Director Debbie Fullarton – Chief Executive Officer 1
Slide 2: Disclaimer
Disclaimer COMPLIANCE STATEMENT Exploration targets, exploration results the information in this report that relates to exploration targets and exploration results is compiled by Westgold technical employees and contractors under the supervision of Mr. Jake Russell B. Sc. (Hons), who is a member of
Slide 3: September Quarter - Highlights
SEPTEMBER QUARTER - Highlights § Maiden cash dividend - 2 cents [unfranked] paid - after 2021 NPAT of $77M § Record quarterly gold production of 66,173 oz – up 16% from June quarter 2021 and on track with guidance § Cash cost of sales (C1) of A$1,325/oz – mid-range of guidance § All-in Sustaining Co
Slide 4: FY22 Guidance
FY22 GUIDANCE Murchison [MGO+CGO] Big Bell UG Comet UG South Emu – Triton UG Bluebird UG Paddy’s Flat UG Open Pits +210,000 oz Bryah [FGO] Starlight UG Open Pits +60,000 oz FY22 guidance +270,000 oz @ A$1,500 – A$1,700 oz 4
Slide 5: Record Production – Murchison + Bryah Operations
RECORD PRODUCTION – Murchison + Bryah Operations Westgold Quarterly Gold Production since 2017 [Murchison + Bryah Operations ] 70,000 60,000 50,000 40,000 Production oz. 30,000 Record 66,173 oz 20,000 10,000 0 FY2017 - FY2017 - FY2017 - FY2017 - FY2018 - FY2018 - FY2018 - FY2018 - FY2019 - FY2019 -
Slide 6: Q1 FY22 - Scorecard
Q1 FY22 - Scorecard Group Gold Production and A$ Costs 70,000 1,800 60,000 1,500 Gold Production oz. 50,000 FY22 Q1 Result 1,200 Guidance FY22 40,000 Production +270,000 oz 66,173 Record Cost per oz. 900 quarter 30,000 C1 A$1,250 – 1,325 Within 1,400 guidance 600 20,000 AISC A$1,500 – 1,582 Within 1
Slide 7: Q1 FY22 – Group Results
Q1 FY22 – Group Results MGO CGO FGO Group Total Group Total Sept Qtr Sept Qtr Sept Qtr Sept Qtr FYTD FY22 FY22 FY22 FY22 § MGO Physical Summary Units ROM - UG Ore Mined t 348,230 255,102 184,036 787,367 787,367 § Paddy’s Flat UG UG Grade Mined g/t 2.41 2.84 2.83 2.65 2.65 OP Ore Mined t 101,753 115,
Slide 8: Q1 FY22 – Safety Statistics
Q1 FY22 – Safety Statistics Site LTI LTIFR TRIFR 12MMA Cue Gold Operations 0 1.48 21.52 Meekatharra Gold Operations 2 2.87 38.42 Figure 3: Westgold Group LTIFR Performance 2.5 Fortnum Gold Operations 0 3.38 21.94 4.50 TOTAL 2 2.38 28.85 4.00 2 3.50 3.00 1.5 2.50 2.00 1 1.50 1.00 0.5 0.50 0 0.00 Sep-
Slide 9: Bryah - FGO
BRYAH - FGO FGO Gold Production and A$ Costs 18,000 1,800 § Gold production for the quarter was 15,636 oz with Cash cost of sales (C1) of A$1,107/oz and AISC 16,000 1,500 of A$1,393/oz, generating a mine operating cash Gold Production oz. 14,000 flow of $6M 12,000 1,200 § Starlight underground mine
Slide 10: Murchison - MGO
MURCHISON - MGO MGO Gold Production and A$ Costs § Gold production for the quarter was 26,115 oz with 30,000 2,100 Cash cost of sales (C1) of A$1,500/oz and AISC of A$1,860/oz generating a mine operating cash flow 25,000 1,800 Gold Production oz. of (A$5M) for the quarter 1,500 § Production suffered
Slide 11: Murchison - CGO
MURCHISON - CGO CGO Gold Production and A$ Costs § Gold production for the quarter was 24,422 oz 30,000 1,500 with Cash cost of sales (C1) of A$1,279/oz and AISC of A$1,405/oz, generating a mine 25,000 operating cash flow of A$3M from an average Gold Production oz. 1,200 achieved gold price of A$2,3
Slide 12: Resource Definition Drilling
RESOURCE DEFINITION DRILLING • Substantial resource definition drilling programs completed at various operations during the September quarter. • Encouraging results returned from many areas including down-plunge extensional drilling at the Starlight UG mine at FGO: • 7.0m @ 5.97g/t Au & 4.88m @ 6.26
Slide 13: Corporate
CORPORATE Board Changes • As announced on 30 July 2021 the Company’s founder, inaugural Managing Director and subsequently Executive Chairman, Mr Peter Cook has transitioned to Non-Executive Chairman as of 1 August 2021 and Non-Executive Director Mr Wayne Bramwell moved to an Executive Director role
Slide 14: WGX Bids for Gascoyne – An Infrastructure Option
WGX BIDS FOR GASCOYNE – An Infrastructure Option 14
Slide 15: Westgold Resources Limited [ASX: WGX]
WESTGOLD RESOURCES LIMITED [ ASX: WGX ] All Investor Relation Queries: Wayne Bramwell – Executive Director PH: +61 8 9462 3400 E: wayne.bramwell@westgold.com.au www.westgold.com.au 15