Westgold Resources Ltd · ASX:WGX
Westgold Resources — Diggers and Dealers 2025
23 slides from Westgold Resources's conference presentation, Aug 5, 2025
Slide 1: Diggers and Dealers - 2025
For personal use only Diggers and Dealers - 2025 westgold.com.au ASX | TSX : WGX
Slide 2: Important Notices and Disclaimer
Important Notices and Disclaimer Investor Presentation This presentation is in summary form and does not purpose to be exhaustive. Westgold makes no representation or warranty (either expressed or implied) as to the accuracy, reliability or completeness of the information in this presentation. Westg
Slide 3: Important Notices and Disclaimer
Important Notices and Disclaimer Ore Reserves and Mineral Resources JORC CODE The information in this presentation that relates to the Ore Reserves and Mineral Resources of Westgold (except for Starlight It is a requirement of the ASX Listing Rules that the reporting of Ore Reserves and Mineral Reso
Slide 4: Acknowledgement of Traditional Custodians
Acknowledgement of Traditional Custodians of traditional ownership For personal use only Westgold acknowledges the Traditional Custodians of the land on which we gather today and pay our respects to their Elders past and present. We would also like to extend that respect to all Aboriginal and Torres
Slide 5: Westgold's value proposition
Westgold’s value proposition 01. 02. Cash flow Unhedged For personal use only $132M treasury build Full exposure to in Q4 FY25 gold upside 03. 04. Growth Increasing margin Bluebird-South Junction, Higher grade mine outputs Beta Hunt, Great Fingall = reduced LG stockpile processing = increasing opera
Slide 6: FY25 – Invested in growth assets
FY25 – Invested in growth assets Guidance update Drilled Fletcher 90 80 Fixed Beta Hunt mine 70 infrastructure For personal use only 60 Price movement (%) Q2 FY25 50 production announced Peer average* - 42% Expand Bluebird-South 40 Junction UG 30 20 10 Developed Great Fingall WGX - 4% 0 -10
Slide 7: WGX - Record Q4 FY25 and FY25
WGX - Record Q4 FY25 and FY25 FY25: 326,384oz @ AISC of 2,666/oz For personal use only Q4: 88,022oz produced @ AISC of $2,688/oz 71,500oz sold at an average price of A$5,174/oz generating revenue of A$370M Record quarterly treasury build of $132M $364M in closing cash, bullion and liquid inves
Slide 8: FY26: Set up for sustainable growth
FY26: Set up for sustainable growth Establish consistent outputs from Bluebird-South Junction MEEKATHARRA Commence mining Great Fingall virgin For personal use only stopes CUE Leverage regional partnerships Expand Beta Hunt output from A Zone and Western Flanks Expand the Fletcher Zone P
Slide 9: South-Junction mine is a multi-decade asset
South-Junction mine is a multi-decade asset Transitioning to For personal use only predominantly longitudinal open stoping Majority of FY26 plan already grade control drilled Paste fill expected to commence in late Q1 FY26, enabling 100% orebody extraction 9
Slide 10: Great Fingall - virgin stopes bring grade
Great Fingall - virgin stopes bring grade Decline and mine dewatering continues For personal use only Fingall Flats mining commenced in Q4 FY25 Barminco mobilise Q1 FY26 Drilling in-mine targets Q1 FY26 First ore from virgin stopes Q2 FY26 First ore to Bluebird mill Q2 FY26 - displacing
Slide 11: Leveraging regional partnerships
Leveraging regional partnerships Crown Prince New Murchison Gold (ASX:NMG) ore delivery to Bluebird mill in FY261 For personal use only 30-50kt per month expected from Crown Prince shallow pit Bluebird-South Junction Short haul (33km) to Bluebird mill Crown Prince HG displaces LG from Cue -
Slide 12: Beta Hunt – expansion to >2Mtpa
Beta Hunt – expansion to >2Mtpa Infrastructure projects progressing Clean water supply For personal use only Formidable pit pumping & piping delivers reliable clean water supply - completed Increase pumping capacity out of the mine from 20l/s to 50l/s – commissioning early August 2025 Primar
Slide 13: Fletcher – bigger than expected
Fletcher – bigger than expected Maiden Fletcher Resource of 31Mt @ 2.3g/t for 2.3Moz1 Effectively doubles the September 2024 Beta Hunt Mineral Resource For personal use only Significant opportunity for resource extensions MRE drilling only tested 1km of the known 2km strike of Fletcher Sta
Slide 14: Driving Two Boys to Trident – 1.2Moz past production
Driving Two Boys to Trident – 1.2Moz past production HISTORICAL For personal use only TWO BOYS 87Koz @ 14.21g/t since 1933 Plan view of planned stoping & development 14
Slide 15: What's ahead?
For personal use only What's ahead? 15
Slide 16: Sustainable growth + cost control = increased FCF
Sustainable growth + cost control = increased FCF Murchison Southern Goldfields Portfolio For personal use only Expand Bluebird-South Junction Expand Beta Hunt to >2Mtpa Drill, drill, drill to 1.2Mtpa Grow Fletcher Zone resource development & Great Fingall commences Debottleneck and ex
Slide 17: Investor Relations & Media
For personal use only Investor Relations & Media Kasun Liyanaarachchi Group Manager Investor Relations & Communications Kasun.Liyanaarachchi@westgold.com.au +61 458 564 483 Visit us at booth #45 www.westgold.com.au 17
Slide 18: 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 19: 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 20: 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 21: 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.
Slide 22: Mineral Resource Updates
Mineral Resource Updates Stage 1 Fletcher Zone - Mineral Resource Estimate at Bluebird-South Junction MRE at end of Q1 FY25[1] end of Q4 FY25[3] Grade Grade Tonnes Ounces Tonnes Ounces Classification (g/t Au) Classification (g/t Au) Measured 321,000 4.0 41,000 Measured 0 0.00 0 For personal use only
Slide 23: Ore Reserves Update: Bluebird-South Junction
Ore Reserves Update: Bluebird-South Junction At end of Q1 FY25 [1] Grade Classification Tonnes Ounces For personal use only (g/t Au) Proven 105,000 4.0 13,600 Probable 7,141,000 2.4 559,000 Total 7,246,000 2.5 573,000 1. See Westgold ASX Announcement 4 December 2024 – Westgold Doubles Bluebird - Sou