Western Gold Resources Ltd. · ASX:WGR
Western Gold Resources — Investor Presentation (March 2025)
21 slides from Western Gold Resources's investor presentation, Mar 4, 2025
Slide 1: Advanced WA goldfields exploration project poised for transition into production
Advanced WA goldfields exploration project poised for transition into production ASX: WGR | westerngoldresources.com.au Well developed Approvals Short timeframe Located near heart shallow resource in place to production of WA Goldfields 1
Slide 2: Disclaimer
Disclaimer Important Information and Disclaimer Forward Looking Statements Compliance statement Western Gold Resources Limited (“WGR”, “Western Gold This Presentation may contain forward‐looking statements Information relating to the mineral resource estimates, Resources” or “the Company”) is an Aus
Slide 3: Company Overview
Company Overview Capital Structure Board and Management $0.07 189,605,053 Share Price Shares on issue (at 28 Feb 2025) $11.33M Gary Lyons Cullum Winn Teck Siong Wong Ryan Mount Market Cap Non-Executive Chairman Managing Director Non-Executive Director Non-Executive Director Share Price Preferred Min
Slide 4: Advanced WA goldfields explorer
Located near heart Well developed High potential for of WA Goldfields shallow resource additional resources with gold prospects Advanced WA goldfields explorer Short timeframe Approvals is place Strong Gold Price transitioning to production to production Low capital Preferred contractor Cashflow to
Slide 5: Gold Duke Project
Gold Duke Project WGR flagship project, 100%-owned “Shovel-ready” – all mining Multiple mills within 150km approvals in place for four pits radius that comprise stage one Closest is Wiluna, which has Discussions underway on toll operated continuously since treatment and ore purchase Wiluna Mining we
Slide 6: Pathway to Production
Pathway to Production Appointment of Expanded approval Increased Mining Heritage Mineral Resource highly experienced of mining proposal confidence in Above Market Survey Update production expert (includes Gold King) Gold King Deposit Placement Aug 2024 Sept 2024 Oct 2024 Nov 2024 Dec 2024 Jan 2025 P
Slide 7: Project Resource
Project Resource Measured Indicated Inferred Total Deposit Tonnes Grade koz Tonnes Grade koz Tonnes Grade koz Tonnes Grade koz Updated Resource Gold Duke Project (000s) g/t Au (000s) (000s) g/t Au (000s) (000s) g/t Au (000s) (000s) g/t Au (000s) global Measured, Indicated, and Inferred Eagle 310 2.5
Slide 8: Scoping Study – Stage 1
Scoping Study – Stage 1 Emu Pit Eagle Pits • Completed by Snowden Optiro in September 2024 • Based on 51% of the total Gold Duke Mineral Resource (2.9Mt @ 2.07 g/t Au for 235,000 oz)4 Golden • Using a $3,500/oz gold price and a $60/t toll treatment charge, a Monarch Pits Production Target of 447Kt a
Slide 9: Expanded Approval for entire Stage 1
Expanded Approval for entire Stage 1 • With existing approvals for the Eagle, Emu, and Golden Monarch deposits, the final approval for the Gold King deposit, 500m south of Golden Monarch, has now been granted, thus securing all four pits for the mining of Stage 15. • The approval of open pit mining
Slide 10: Excellent Metallurgical Results
Excellent Metallurgical Results • Independent Metallurgical test work carried out by ALS Metallurgical on material from the Gold Duke project achieved 48-hour gold extractions of 93.3% (P80 106) and 95.1% (P80 53µm) for oxide ore6. • The samples tested were collected along strike from across the pro
Slide 11: Increased Confidence Level at Gold King Deposit
Increased Confidence Level at Gold King Deposit Increased confidence in Gold King resource model on the back of recently expanded mining proposal which now includes the Gold King desposit • Substantial improvement in knowledge of deposit geology, with increased confidence in domains and structural c
Slide 12: Preferred Mining Contractor for Gold Duke Project with Deferred Payment Facility
Preferred Mining Contractor for Gold Duke Project with Deferred Payment Facility WGR has issued a non-binding notice to SSH Group Limited (ASX:SSH), selecting them as the preferred mining contractor for the Gold Duke Project in Western Australia. • SSH Group proposed a capital facility under a defer
Slide 13: Processing Solution
Processing Solution • WGR is in advanced negotiations with multiple operating processing plants within an economically viable haulage distance of the Gold Duke Project. • Discussions include both Toll Treatment and Ore Purchase Agreements, with WGR focused on selecting the optimal option based on ec
Slide 14: Next Steps to Production
Next Steps to Production Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Signing Grade Control Stage 1 of toll treatment/ (Includes Stage 2 Approvals Drilling) Resource Modelling ore Re-Optimisation + purchase Mine Design + Mine agreement Schedule Update Scoping Study FID for Gold Du
Slide 15: Brownfields Exploration to Expand Production Profile
Brownfields Exploration to Expand Production Profile Stage 2 Prospects • The company has commenced a detailed review of the historical Gold Duke database in the lead up to progressing Stage 1 of the project into production8. • Current works identify the potential to expand Gold Duke’s production pro
Slide 16: Bottom Camp Prospect
Bottom Camp Prospect Location and Geology • Situated along the Brilliant Shear Zone, a key structural feature. • Gold mineralisation hosted in quartz reefs & stockworks within banded iron formation (BIF) units. Historical Mining & Production • Joyners Find Greenstone Belt: Gold exploration dates bac
Slide 17: Joyners Find Prospect
Joyners Find Prospect Location and Geology • Located within the Joyners Shear Zone, with 300m strike & historic underground mining. • NW-trending quartz vein hosts mineralisation. • Chlorite-talc alteration & quartz-sericite veining observed in drilling. • High-grade BIF-hosted shoots plunge souther
Slide 18: Emu / Eagle Saddle
Emu / Eagle Saddle Location and Geology • Located within the Joyners Shear Zone, a key structural corridor for gold mineralisation. • Positioned between Emu and Eagle pits, suggesting broader mineralised system with geological continuity. • Close proximity to mine infrastructure (haul road, workshop
Slide 19: Gold King / Golden Monarch Saddle
Gold King / Golden Monarch Saddle Location and Geology • Located within the Joyners Shear Zone, a key structural corridor for gold mineralisation. • Positioned between Gold King and Golden Monarch pits, suggesting broader mineralised system with geological continuity. • Close proximity to mine infra
Slide 20: Gold Duke: A Clear Path Forward
Gold price at Modest capital Approvals requirement in place Gold Duke : record highs A Clear Path Forward Key stakeholders Short time frame Cashflow to supportive to production fund growth Very advanced gold project in the heart of the WA Goldfields with potential to add to production profile in a b
Slide 21: For more information
For more information Managing Director | Cullum Winn E: cullumw@westerngoldresources.com.au ASX: WGR | westerngoldresources.com.au 21
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