Westgold Resources Ltd · ASX:WGX
Westgold Resources — RIU 2025
27 slides from Westgold Resources's conference presentation, Feb 18, 2025
Slide 1: Westgold Resources Limited – A miner that explores
ASX / TSX : WGX For personal use only Westgold Resources Limited A miner that explores
Slide 2: Important Notices and Disclaimer
Important Notices and Disclaimer Investor Presentation Summary Information This investor presentation is dated 18 February 2025 and has been prepared by Westgold Resources Limited (ASX: WGX, By reviewing or retaining these materials, or attending or participating in this presentation, you acknowledg
Slide 3: Important Notices and Disclaimer
Important Notices and Disclaimer Forward-looking Statements Ore Reserves and Mineral Resources This document contains “forward-looking information” and “forward-looking statements” which are based on the This presentation refers to Westgold having a combined Ore Reserve and Mineral Resource estimate
Slide 4: Important Notices and Disclaimer – JORC Code
Important Notices and Disclaimer JORC CODE It is a requirement of the ASX Listing Rules that the reporting of Ore Reserves and Mineral Resources in Australia comply with the JORC Code. Investors outside Australia should note that while Ore Reserve and Mineral Resource estimates of Westgold in this p
Slide 5: Respect
Respect Westgold would like to acknowledge the For personal use only Traditional Custodians of the land on which we operate on and gather today. We pay our respects to their Elders past and present. We would also like to extend that respect to Aboriginal and Torres Strait Islander peoples here today
Slide 6: A miner that explores
A miner that explores Exploration in FY24 For personal use only $25M invested +613koz 365km drilled in exploration Resources 6
Slide 7: To have exploration success you need…
To have Tenure For personal use only exploration success you need… Targets Team 7
Slide 8: 1. Tenure
1. Tenure Two strategic footprints across Western Australia 3,200km of tenements 2 For personal use only historically under drilled Murchison 3.3Moz reserve and 13.2Moz resource Kalgoorlie Southern Goldfields Target rich environment organic growth opportunities abound 8
Slide 9: 2. Targets
2. Targets Multiple exploration targets across the Murchison and Southern Goldfields For personal use only 9
Slide 10: Keep the pipeline moving…
Goldfields Keep the pipeline moving… Southern 10 Fletcher Ongoing Priority For personal use only Works Mason Higginsville Targets expansion Larkin Great South Murchison Fortnum Fingall Ongoing 11 Reedy South expansion Junction Priority Works Junction Targets Resource Scoping/Pre Target Advanced Feas
Slide 11: 3. Team
3. Team Focussed, inhouse resource development and exploration teams For personal use only In-house drilling capability 15 underground drill rigs we own and operate +120 in house drilling personnel ~17 Geologists Supported by independent surface drilling contractors 11
Slide 12: What does exploration success look like?
What does For personal use only exploration success look like? 12
Slide 13: Success is to…
Expand existing resources For personal use only Success is to…. Identify and Extend mine develop next lives suite of assets 13
Slide 14: Bluebird – South Junction in Feb 2024
Bluebird – South Junction in Feb 2024 S NEW DRILLING CAMPAIGNS AT BLUEBIRD & SOUTH JUNCTION N South Junction 2023 tested extents 1 For personal use only 300mV 300m strike $18M invested Bluebird UG 200mV in drilling at 600m strike Bluebird-South Junction 2 93km drilled 3 1. Infill known extents f
Slide 15: Resource now 1.4Moz – up 244% from FY23 MRE
Resource now 1.4Moz – up 244% from FY23 MRE Bluebird- For personal use only South Junction Ore Reserve is currently 573Koz 15
Slide 16: Fletcher and Mason are next…
Fletcher and Mason are next… Beta Hunt – Fletcher Zone Global Fletcher exploration target of 1.6 – 2.1Moz along 2km of strike1 Stage 1 - exploration target: 0.8-1.2Moz For personal use only Recent drilling intercepts include: 41.00m at 7.99 g/t Au in hole FF475SP-62AE; 19.00m at 5.95 g/t Au in h
Slide 17: A multitude of organic growth options…
For personal use only A multitude of organic growth options… 17
Slide 18: Reedys – within 50km of two Westgold mills
Reedys- within 50km of two Westgold mills For personal use only 18
Slide 19: Paddy's Flat
For personal use only Paddy’s Flat – 3.0 19
Slide 20: Exploration can deliver optionality and value.
Exploration can deliver optionality and value. For personal use only 20
Slide 21: Increasing investment in exploration
Increasing investment in exploration … enhances the rate of discovery and resource conversion Growth in exploration expenditure Exploration investment growing with capability & success $50M For personal use only This investment has delivered: H2 FY25 Guidance 613koz resource addition in FY24 $27M
Slide 22: Westgold – A Miner who Drills
Westgold – A Miner who Drills Top 5 ASX / Top Financial Unhedged 10 TSX Producer Strength For personal use only Production of One of Australia’s Robust balance sheet +400,000 ozpa largest fully unhedged with $300M debt in FY26 gold producers facility Shareholder Portfolio now has Investing in Divers
Slide 23: Thank you. Contact Information
Thank you. Contact Information For personal use only Drill on! Investor Relations Kasun Liyanaarachchi | Group Manager IR & Communications kasun.liyanaarachchi@westgold.com.au +61 458 564 483 ASX / TSX: WGX westgold.com.au
Slide 24: Mineral Resource Statement: Operating Mines
Mineral Resource Statement: Operating Mines At 30 June 2024 [1],[2] Murchison Gold Operations (Rounded for reporting) Measured Indicated Measured and Indicated Inferred Total Tonnes Ounces Tonnes Ounces Tonnes Ounces Tonnes Ounces Tonnes Ounces Project Grade Grade Grade Grade Grade ('000s) Au ('000s
Slide 25: Mineral Resource Statement: Non-Operating Projects
Mineral Resource Statement: Non-Operating Projects At 30 June 2024 [1],[2] Murchison Gold Operations (Rounded for reporting) Measured Indicated Measured and Indicated Inferred Total Tonnes Ounces Tonnes Ounces Tonnes Ounces Tonnes Ounces Tonnes Ounces Project Grade Grade Grade Grade Grade ('000s) Au
Slide 26: Ore Reserves Statement: Operating Mines
Ore Reserves Statement: Operating Mines At 30 June 2024 [1],[2] Murchison Gold Operations (Rounded for reporting) Proven Probable Total Project Tonnes ('000s) Grade Ounces Au ('000s) Tonnes ('000s) Grade Ounces Au ('000s) Tonnes ('000s) Grade Ounces Au ('000s) Big Bell UG 9,808 1.48 467 4,898 3.10 4
Slide 27: Ore Reserves Statement: Non-Operating Projects
Ore Reserves Statement: Non-Operating Projects At 30 June 2024 [1],[2] Murchison Gold Operations (Rounded for reporting) Proven Probable Total Project Tonnes ('000s) Grade Ounces Au ('000s) Tonnes ('000s) Grade Ounces Au ('000s) Tonnes ('000s) Grade Ounces Au ('000s) Big Bell District 0 0.00 0 59 2.