Westgold Resources Ltd · ASX:WGX
Westgold Resources — Investor Presentation (September 2020)
18 slides from Westgold Resources's investor presentation, Sep 21, 2020
Slide 1: Peter Cook - Executive Chairman, Rod Corps - Investor Relations
Peter Cook - Executive Chairman Rod Corps – Investor Relations 1
Slide 2: A focused purely West Australian gold producer
A focused purely West Australian gold producer emerging as a significant player in the Australian gold sector. A 270–300,000oz of gold per annum from two key Murchison Projects. Total Gold Resource base of 8.8 million oz (June 30, 2020) Total Gold Reserves of 2.55 million oz (June 30, 2020) 10 years
Slide 3: Production guidance by operation (ozpa)
65-75,000 ozpa 105-120,000 ozpa 100-110,000ozpa 3
Slide 4: Shares on issue, market capitalization, board and major shareholders
FPO Shares on Issue: 420.23 million BOARD OF DIRECTORS: Exec Chair: Peter Cook Options : 3.7 million (various dates above $2/share) Indep NED: Fiona Van Maanen Indep NED: Peter Schwann : 1.6 million (ZEPO Employee Options) Indep NED: Wayne Bramwell Co Sec: Lisa Smith Market Capitalization: ~A$ 1 bil
Slide 5: Y/E 30 June results
Y/E 30 June Y/E 30 June Change 2020 2019 Gold sales 235,196 220,705 7% Revenue $492.3 m $418.3 m 18% Net cash flow $155.7 m $81.2 m 92% from operations Net profit before tax $43.9 m $12.7 m 246% Net profit after tax $34.6 m $14.1 m 145% Closing cash $137.6 m $67.2 m 105% & cash equivalents Profit pe
Slide 6: Current Assets - 2020
Current Assets - 2020 Cash Balance Spares, Ore Stocks & GIC Cash Receivables Inventories Other 3 Process Plants, 4 villages, open pit & underground mining fleet. 7 Underground mines, 5 open pits 6.25 million oz of resource Mine Equipment leases, no corp debt Prov’n Enviro Rehab 6
Slide 7: Non-Current Assets - 2020
Non-Current Assets - 2020 The large investment in development assets (represented by 53% of non-current assets) positions the Group for production, boding well for future gold output. Carrying value of our infrastructure (making up 29% of non-current assets) represents a fraction of the replacement
Slide 8: Ounces of Gold produced
282,500 300,000 235,150 250,000 220,843 70,000 163,167 60,839 200,000 58308 Ounces of Gold 97,500 150,000 103,322 41,820 70,223 68,255 8,917 100,000 2,061 112,430 115,000 50,000 101,261 94,280 104,088 0 FY2017 FY2018 FY2019 FY2020 FY2021 Fcst MGO CGO FGO Total 8
Slide 9: Gold price, cash cost and AISC margin
3,000 2,500 2,450 2,088 2,000 1,768 A$930/oz A$ Gold Price/oz A$570/oz AISC Margin 1,614 1,627 AISC Margin A$378/oz 1,500 AISC Margin 1,000 500 0 FY2017 FY2018 FY2019 FY2020 FY2021 Fcst C1- Cash Cost AISC Achieved Gold Price 9
Slide 10: Reserves, cumulative production and hedging
3,000,000 2,500 2,500,000 2,000 Avg. Hedge Price $/oz 2,000,000 Ounces of Gold 1,500 1,500,000 1,000 1,000,000 500 500,000 0 0 FY2017 FY2018 FY2019 FY2020 FY2021 Fcst Cumulative Production Ore Reserves Hedged Ounces Hedge Price % Reserves Hedged • Reserve replacement equal to depletion (1 Moz produc
Slide 11: Reducing Capital Expenditure - Post Big Bell
Reducing Capital Expenditure - Post Big Bell Big Bell ramp-up 18 14 26 16 70 86 $' millions 90 20 60 25 11 87 55 54 22 35 47 18 45 28 23 17 18 FY2017 FY2018 FY2019 FY2020 FY2021 FCST FY2022 FCST P&E Other Gold Op's P& E Big Bell MP&D (big bell) MP&D Expl & Eval'n • Moving from Investment to Sustaini
Slide 12: Focused on dividends and organic growth
Based on Guidance, Avg received gold price of A$2,450/oz, Current Planned Capex, No additional growth projects. Focused on Dividends and Organic Growth. Unparalleled re-rate potential compared to peers. 12
Slide 13: International comparison (A$ costs)
(All costs quoted in Australian Dollars A$) For International comparison only: US$: A$ Exch Rate = 0.70 US$840 - $910/oz US$1,020 - $1090/oz 13
Slide 14: Mineral Resource and Ore Reserve Statement
Ky - A y WESTGOLD Miner 1 sources & Ore as at June 30, 2020 —- JORC 2012 RESOURCES LIMITED WESTGOLD RESOURCES LIMITED WESTGOLD RESOURCES LIMITED Mineral Resource Statement - Rounded for Reporting Ore Reserve Statement - Rounded for Reporting 30/06/2020 30/06/2020 Ounces Au Tonnes Ounces Au Project T
Slide 15: Resources by project, June 30, 2020 (JORC 2012)
as at June 30, 2020 — JORC 2012 ra Measured Indicated Inferred Project Grade Grade Tonnes | Grade (git) (git) (000s) (git) Big Bell 3.48 2.63 : 5,444 2.43 Cuddingwarra 0.00 1.84 1,137 1.53 Day Dawn 1.85 4.19 2.891 2.67 Tuckabianna 5.88 271 5,753 2.31 Stockpiles 3.04 0.71 10 0.76 Meekatharra North 0.
Slide 16: Resources by project, June 30, 2020 (JORC 2012)
as at June 30, 2020 — JORC 2012 ra Measured Indicated Inferred Project Grade Grade Tonnes | Grade (git) (git) (000s) (git) Big Bell 3.48 2.63 : 5,444 2.43 Cuddingwarra 0.00 1.84 1,137 1.53 Day Dawn 1.85 4.19 2.891 2.67 Tuckabianna 5.88 271 5,753 2.31 Stockpiles 3.04 0.71 10 0.76 Meekatharra North 0.
Slide 17: JORC Compliance Statement
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
Slide 18: Peter Cook - Executive Chairman, Rod Corps - Investor Relations
Peter Cook - Executive Chairman Rod Corps – Investor Relations 18
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