Westgold Resources Ltd · ASX:WGX
Westgold Resources — Shareholder Meeting (November 2019)
17 slides from Westgold Resources's shareholder meeting presentation, Nov 25, 2019
Slide 1: Annual General Meeting
For personal use only Annua l Ge ne ra l Me et i ng November 25, 2019 ASX:WGX 1
Slide 2: The year that was FY 2018-2019
Post AGM Presentation by Managing Director For personal use only The year that was FY 2018-2019 2
Slide 3: Corporate Structure
Corporate Structure For personal use only (as of today) FPO Shares on Issue: 399.47 million Options: 7.3 million (various dates above $2/share) Major Shareholders: 3
Slide 4: Share Price Performance
Share Price Performance For personal use only WGX Share Price up 144% YTD (A$0.90 - A$2.20/share) Australian Gold Index (XGD) up 47% YTD Outperforming Aussie Gold Index 4
Slide 5: FY 2018-2019 Results
FY 2018-2019 Results For personal use only Gold produced of 255,221 ounces at Cash cost (C1) of A$1,234/oz and and AISC of A$1,390/oz . Business rationalisation and maturing Murchison assets results in a massive $45.88 million turn around in profits. Growth in Net Asses by 9.3% to $443.9m despite sa
Slide 6: Rationalization of the Groups Assets
Rationalization of the Groups Assets For personal use only Focus on Core Business THE KEEPERS THE SELLS Murchison Region Assets Kalgoorlie Region Assets OLD Fortnum Gold Opertions • South Kalg Gold Operations S OLD Meekatharra Gold Operations • Higginsville Gold Operations S Cue Gold Operations • Li
Slide 7: The Core Business
The Core Business For personal use only CENTRAL MURCHISON AGGREGATION: WE OWN THE MAJORITY OF TENURE AND RESOURCES IN THE MURCHISON. Over 10 Million ounces of Historic Production Murchison Goldfields 4 major historic underground producers 9.35 Million ounces of Total Resource*. FGO MGO 2.65 Million
Slide 8: Processing Hubs
3 PROCESSING HUBS 3.5 – 4.0 MILLION TONNES OF PLANT CAPACITY For personal use only FORTNUM 0.9 – 1.0 Million TPA 65 – 70,000oz pa BLUEBIRD 1.4 – 1.6 Million TPA 110 - 120,000oz pa FGO MGO CGO TUCKABIANNA Kalgoorlie 1.2 – 1.4 Million TPA Perth 100-110,000 oz pa 8
Slide 9: Murchison Gold Operations
MURCHISON GOLD OPERATIONS For personal use only PASSING THE TIPPING POINT !! Since consolidation of the land position the company has developed 6 underground mines, 12 open pits and fully refurbished and commissioned 3 processing plants. Capital investment over the last 3 years in the Murchison Asse
Slide 10: Underground Mines to Dominate
UNDERGROUND MINES TO DOMINATE “Old mines don’t die, they just get deeper !” For personal use only Mine Past Prod’n Resource Reserve’s Depth Big Bell 2.71 M Oz 2.1 M Oz 1.10 M Oz 540m Great Fingall 1.37 M Oz 0.41 M Oz 0.23 M Oz 850m Golden Crown 0.29 M Oz 0.19 M Oz 0.04M Oz 500m Paddy’s Flat 0.83 M O
Slide 11: Westgold Unique as Owner Operator
WESTGOLD UNIQUE AS OWNER OPERATOR For personal use only • We own major underground mining fleet. • We own our own raise drilling and underground diamond drill fleets. • We own substantial open pit mining fleet. • We operate our own crane, elevated work platform and low loader fleets. • We have a vas
Slide 12: FY 2020 Guidance
FY 2020 Guidance For personal use only AUD $0.68 MGO 110 -120,000 oz CGO 100 - 110,000 oz FGO 65 - 70,000 oz Westgold Group Gold Production & Cost Guidance – FY 2020 Period Q1 Q2 Q3 Q4 FY2020 Gold Prod’n 63 -68,000 oz 67- 72,000 oz 71-79,000 oz 74-81,000 oz 275- 300,000oz C1 Cost (A$/oz) 1,230 – 1,2
Slide 13: Resource & Reserve Statements
R E S O U R C E & R E S E R V E S TAT E M E N T S For personal use only For full details please refer to the announcement ”Annual Update – Mineral Resource & Ore Reserve as at 30 June 2019” released by Westgold Resources Limited (ASX:WGX) on 4th October 2019. 13
Slide 14: What Happens Next?
W H AT H A P P E N S N E X T ? For personal use only Every shareholder at the record date (CoB 28/11/2019) will get a 1:4 in-specie ~ 100 million shares distribution of Castile shares Castile will lodge a prospectus with ASIC to list on the ASX and raise approx. $20m in gross funds on December 2, 20
Slide 15: How Castile Shapes Up
HOW CASTILE SHAPES UP ! For personal use only Castile is expected to list on the ASX by end of January 2020. Castile will list with: • ~200 million shares on issue. • A market cap of approx. $40m. • Approx $18.5m in working capital. • An EV of approx. $21.5m. • A very exciting group of exploration a
Slide 16: The Castile Assets Are Substantial
T H E C A S T I L E A S S E T S A R E S U B S TA N T I A L ! For personal use only THE ENTIRE ROVER FIELD : • An undercover repetition of the prolific Tennant Creek Goldfield. • The Rover 1 Discovery (IOCG + Bi & Co) – Development Ready. • The Explorer 108 Discovery (Pb- Zn- Ag) and the nearby Curio
Slide 17: Presentation available on-line
For personal use only ASX:WGX Presentation available on-line
Westgold Resources — Shareholder Meeting (November 2019) on 6ix