Westgold Resources Ltd · ASX:WGX
Westgold Resources — Shareholder Meeting (November 2018)
21 slides from Westgold Resources's shareholder meeting presentation, Nov 28, 2018
Slide 1: Annual General Meeting – Presentation by Managing Director
For personal use only ANNUAL GENERAL MEETING Presentation by Managing Director
Slide 2: FY 2018 – A Busy Year
FY 2018 – A Busy Year For personal use only Refurbished and commissioned 2 Process Plants. – Fortnum & Tuckabianna Tuckabianna Process Hub Fortnum Process Hub (Cue Gold Operations) Fortnum (Fortnum Gold Project) WESTGOLD RESOURCES LIMITED 15 2
Slide 3: FY 2018 – Processing hubs up and firing
FY 2018 – 4 Processing hubs up and firing For personal use only Fortnum Gold Project 1 million tpa 60-75,000 oz per annum Meekatharra Gold Operations 1.6 – 1.8 million tpa 120 – 140,000 oz per annum Cue Gold Operations 1.2 – 1.4 million tpa 90-110,000oz per annum Higginsville Gold Operations 1.3 mil
Slide 4: Production, Forecast & Growth
PRODUCTION, FORECAST & GROWTH For personal use only FY 2017/18 FY 2018/19 FY 2019/20 (actual) (fcst) (fcst) >350,000oz 300 - 320,000oz 253,210oz Big Bell Mine Starts (adds 100,000oz pa) AISC AISC AISC (Fcst) A$1463/oz A$1300 -1350/oz A$1250 - 1300/oz US$ 1,050/oz US$ 940 - 975/oz US$ 900 - 940/oz WE
Slide 5: FY 2018 – Underground Mines Operating
FY 2018 – 6 Underground Mines Operating For personal use only Starlight Decline Comet Decline Cue Gold Operations Fortnum Gold Project Cue Gold Operations Paddy’s Flat Decline Jack Ryan Decline Sth Emu / Triton Decline Meekatharra Gold Operations Meekatharra Gold Operations Meekatharra Gold Operatio
Slide 6: FY 2018 – Operated Open Pit Mines
FY 2018 – Operated 6 Open Pit Mines For personal use only Mickey Doolan (MGO) Fairplay East (HGO) Mount Henry (HGO) Yarlaweelor North (FGP) Yarlaweelor South (FGP) South Gibraltar (MGO) WESTGOLD RESOURCES LIMITED 15 6
Slide 7: Sale of South Kalgoorlie Operations (SKO)
SALE OF SOUTH KALGOORLIE OPERATIONS (SKO) (A process of upgrading our gold portfolio) For personal use only • SKO was a very mature project, a 30 year old plant. • Short mine life from the high-cost HBJ underground mine. • Half of plant capacity filled with Toll Processing Ores (small margin but pro
Slide 8: Acquisition - Australian Contract Mining (ACM)
Acquisition - Australian Contract Mining (ACM) For personal use only • Acquired during the year in an unplanned and reactive move to protect Westgold from adverse reaction to ACM’s fiscal failure. • ACM own major underground mining, raise drilling and underground diamond drill fleets and operates al
Slide 9: FY 2018 – Polar Bear Projects from S2Resources
FY 2018 – Polar Bear Projects from S2Resources For personal use only • Great addition to the HGO Project • Ore sources close to Plant. • Baloo deposit Total Resource 2.2mt @ 1.8g/t and 123,000oz • Native title agreement resolved • Mining Lease granted • Awaiting permitting (expected Mar Qtr 2019) •
Slide 10: Fortnum Gold Project (FGP) - 75,000ozpa Steady State
FORTNUM GOLD PROJECT (FGP) 60 - 75,000ozpa STEADY STATE For personal use only Fortnum Gold Project 1 million tpa 60-75,000 oz per annum Meekatharra Gold Operations 1.6 – 1.8 million tpa 120 – 140,000 oz per annum Cue Gold Operations 1.2 – 1.4 million tpa 90-110,000oz per annum Higginsville Gold Oper
Slide 11: Fortnum Gold Project – Starlight Underground Mine
FORTNUM GOLD PROJECT (FGP) – STARLIGHT UNDERGROUND MINE For personal use only 5 open pits to be mined as cut-backs. 18 WESTGOLD RESOURCES LIMITED 11
Slide 12: Meekatharra & Cue Gold Operations (MGO & CGO)
MEEKATHARRA & CUE GOLD OPERATIONS (MGO & CGO) For personal use only Fortnum Gold Project 1 million tpa 60-75,000 oz per annum Meekatharra Gold Operations 1.6 – 1.8 million tpa 120 – 140,000 oz per annum Cue Gold Operations 1.2 – 1.4 million tpa 90-110,000oz per annum Higginsville Gold Operations 1.3
Slide 13: The Murchison Region
THE MURCHISON REGION CMGP now two projects (MGO & CGO) For personal use only Meekatharra Gold Operations (MGO) Multiple feed sources (underground and open pit mines) to a centralised ore processing hubs. Cue Gold Operations (CGO) Note: Historic Production shown WESTGOLD RESOURCES LIMITED 19 13
Slide 14: Meekatharra Gold Operations (MGO) – Paddy's Flat
MEEKATHARRA GOLD OPERATIONS (MGO) Paddy’s Flat – the main underground mine For personal use only A mine producing at 600,000 tpa at 4+ g/t on remnants and BIF ores. Gets under the main old workings (Fenian’s) by end 2019. Fenians Mine produced 684,000oz at 16.5 g/t to depth of 420m VD. New drilling
Slide 15: MGO – South Emu & Triton
MEEKATHARRA GOLD OPERATIONS (MGO) South Emu & Triton – supplementary underground mines For personal use only Another high grade feed source for MGO. Mine started and will produce first ore in December quarter. Supplemented by u/ground mining at Jack Ryan mine currently being mined just to the north.
Slide 16: CGO – The Big Bell Mine
CGO – THE BIG BELL MINE For personal use only A sub-level cave mine being re-established. Expected steady state production of >1.0mtpa and 100,000oz pa. Dewatering and rehabilitation significantly progressed. New development to commence by year end. 12-month stoping build to 1mtpa output RESOURCE MI
Slide 17: CGO – Great Fingall & Golden Crown Mines
CGO – GREAT FINGALL & GOLDEN CROWN MINES In-wall ramp started to access open pit & underground. For personal use only Prolific high grade producers Open Pit Mining started Underground development and 2 levels to validate remnants planned. Then hold until Big Bell hits full production. Can go to MGO
Slide 18: Other Assets (Non-Core, May Be Divested or Spun-Off)
OTHER ASSETS (NON-CORE, MAY BE DIVESTED or SPUN-OFF) For personal use only • Rover Project (NT) o High-grade Virgin IOCG deposit at Rover 1. o Virgin Pb-Zn-Ag discovery at Explorer 108. o Curiosity virgin discovery (11.7m @ 3.73%Pb, 4.86%Zn, 1.02g/t Au, 33g/t Ag) – (refer ASX:MLX 22/12/14). o Domina
Slide 19: Total Gold Inventory by JORC Category & Project
TOTAL GOLD INVENTORY BY JORC CATEGORY & PROJECT For personal use only For full details please refer to the announcement ”Annual Update – Mineral Resource & Ore Reserve as at 30 June 2018” released by Westgold Resources Limited (ASX:WGX) on 2nd October 2018. WESTGOLD RESOURCES LIMITED 3519
Slide 20: Disclaimer – JORC Compliance Statement
DISCLAIMER For personal use only 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, an
Slide 21: For personal use only
For personal use only Level 9, 197 St Georges Tce Perth WA 6000 08 9462 3400 www.westgold.com.au
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