Westgold Resources Ltd · ASX:WGX

Westgold Resources — Resources Rising Stars, Gold Coast, September 2009

28 slides from Westgold Resources's conference presentation, September 2009

  1. Slide 1: Rover Project, Northern Territory, Australia

    Rover Project Northern Territory Australia Andy Beckwith ASX: WGR Managing Director www.westgold.com.au Resources Rising Stars Gold Coast, September 2009

  2. Slide 2: Disclaimer, Great Rocks & Competent Person's Statement

    This presentation has been prepared by Westgold Resources Limited (“Westgold” or the “Company”). It should not be considered as an offer or invitation or inducement to subscribe for or the purchase of any securities in the Company. This presentation contains forecasts and forward looking statements.

  3. Slide 3: Westgold Overview

    Shares (WGR): 170,933,846 SHAREHOLDERS Options: 4,750,000 TOP 20 = 67.6% Cash: (June 09) ~$4.8M Other Top 20 32.43% Australia 29.74% (excluding MLX) M. Cap:(@ 51 cents) $87M 12mth Range: $0.15 - 0.51 Top 20 Overseas 8.21% Top 20 Metals X Investments: ~$3.0M 29.62% Aragon Resources (AAG) 37% Major Sh

  4. Slide 4: Rover is driving Westgold's Market Cap

    Western Zone High Grade Cu and 2nd Bonanza WESTGOLD Au Zone Rover 1 100 Discovery 90 Explorer 108 Ex108 80 drilling starts Resource MARKET CAP $ 70 60 Millions Rover 50 Project Acquired “GFC” 40 30 20 EX108 Drilling ROVER 1 Drilling 10 - 5 6 7 8 9 05 06 07 08 09 l-0 l-0 l-0 l-0 l-0 n- n- n- n- n- Ju

  5. Slide 5: Westgold's Rover Project

    Westgold Resources Limited Australian GOLD Explorer (ASX: WGR) Rover Project, Central Northern Territory Mirror image of “Tennant Creek Goldfield” High Grade Au - Cu (IOCG deposits) Rover 1 - 1st High Grade Au-Cu Discovery Target Size - 0.5Moz to 1.0Moz AuEq Aim - “Stand Alone” Operation Multiple De

  6. Slide 6: High Grade - Grade is King

    HIGH GRADE 4g/t 6g/t 8g/t 10g/t If cost of production = 3g/t for all examples (4-3=1) (6-3=3) (8-3=5) (10-3=7) 1g/t Profit 3g/t Profit 5g/t Profit 7g/t Profit Higher Grade = Same work >> Profit GRADE is KING

  7. Slide 7: Western Zone - Recent release WGR1D034

    “Bonanza Gold Zone” 7m @ 185.0g/t Au (6 ounces) GOLD and 16m @ 9.7g/t Au 128m @ 1.2% Cu, 1.2g/t Au, 2.0g/t Bismuthanite Ag, 0.07% Bi, 0.05% Co from 402m also includes 3m @ 3.6% Cu 13m @ 3.7% Cu 13m @ 2.2% Cu, 7.3g/t Au 7m @ 4.1% Cu, 4.4g/t Au Western Zone - Recent release WGR1D034

  8. Slide 8: One of Australia's Richest Goldfields: Tennant Creek Goldfield

    ! ! ! ! ! ! ! ! ! ! !! ! ! ! ! ! ! ! One of Australia’s Richest Goldfields !! ! ! ! ! ! ! ! ! !! ! !! GECKO WARREGO ^_ ! ! ! ! ^_ ! ! ! ! ! ^_ ! !! !! ! ! ! ! ! ! ! ! ! 6.7Mt @ 7g/t ! ! 105,000t Cu @ 3.6% ! 1.6Moz Au ! ! ! ! 174,000t Cu @ 2.5% ! ^_ ! ! ! WHITE DEVIL ! ! ! 1.6Mt @ 15g/t ! ! ! ! 0.8Mo

  9. Slide 9: Rover = Mirror Image of Tennant Creek

    80 year history Tennant Creek Thousands holes 5 Moz Goldfield 5 Standout mines Extensive smaller workings Rover Field Renaissance Infancy Emmerson-Ivanhoe Australia JV Under Cover $18M over 3years for 51% Same rocks $10M to hold 51% Same mineralisation Searching for the deeper and ~120 holes to date

  10. Slide 10: Tennant Creek's 5 Moz Production Driven by Application of Magnetic Data

    PATIENCE Rover Normandy – Westgold Peko-Shell JV PERSISTENCE Period AngloGold JV Period Period 1930 1940 1950 1960 1970 1980 1990 2000 2010 40 holes 1st Phase 25 YR Detailed 3 years of BMR Mag Exploration Exploration High Gravity, Modern Ultra High Exploration Hiatus Res Mag Resolution Magnetics, &

  11. Slide 11: Patience Persistence

    PATIENCE FIRST PERSISTENCE HIGH GRADE GOLD 65m @ 11g/t Au WESTERN ZONE HIGH GRADE ACQUIRED ROVER 1 GOLD & COPPER GRANTED 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 25 Years DRILLING DRILLING NO EXPLORATION GEOPHYSICS GEOPHYSICS EX108 (Pb-Zn) ROVER 1 Resource High Grade Au-Cu EX142 (Cu-Au) 20m

  12. Slide 12: Rover 1 - Introduction

    Westgold’s 1st High Grade Au-Cu-Ag-Bi-Co Deposit Target = 0.5Moz to 1.0Moz AuEqv high grade deposit Intense magnetic anomaly – 800m long Coincident gravity anomaly Magnetite-hematite ironstone Sub-vertical 50-100m wide Structurally controlled High Grade Jupiter Zone established (Resource pending) Ne

  13. Slide 13: Rover 1 - Regional Magnetics

    Explorer 108 Rover 1 Explorer 142 SEL27039 EL25345 Rover 5 Rover 7 EL26538 Rover 3 EL24541 EL 2 5 42 7 EL26537 EL25511 25km Rover 1 - Regional Magnetics

  14. Slide 14: Rover 1 - Significant Results

    7m @ 185g/t Au (HG WZ) 29m @ 3.6% Cu (HG WZ) 16m @ 9.7g/t Au (HG WZ) 14m @ 5.3% Cu (HG WZ) 9m @ 9.3g/t Au (HG WZ) 13m @ 3.7% Cu (HG WZ) 13m @ 9.2g/t Au (HG WZ) 18m @ 1.2% Cu (HGWZ) 65m @ 11.0g/t Au 65m @ 2.6% Cu 66m @ 4.3g/t Au 105m @ 1.6% Cu 49m @ 5.8g/t Au 13m @ 2.88% Cu 28m @ 11.7g/t Au 17m @ 1.9

  15. Slide 15: Prize - High Gold Grades

    548m 9.23g/t Au 549m 10.30g/t Au 550m 551m 9.28g/t Au 6.46g/t Au 552m 26.5g/t Au 553m 8.82g/t Au 554m 56.60g/t Au 555m 104.00g/t Au Prize – High Gold Grades

  16. Slide 16: Rover 1 High Grade Copper

    474m 3.1% Cu, 0.32g/t Au 475m 9.0% Cu, 1.06g/t Au 476m 10.9% Cu, 1.28g/t Au 477m 21.7% Cu, 1.41g/t Au 478m 0.8% Cu, 0.12g/t Au 479m 13.3% Cu, 1.53g/t Au 480m 16.8% Cu, 1.99g/t Au 481m 13.9% Cu, 1.29g/t Au Rover 1 High Grade Copper WGR1D011 8m @ 11.2% Cu within 21m @ 6.9%Cu, 0.9g/t Au

  17. Slide 17: Rover 1 - Gravity and Magnetics Plan

    WZ JUPITE R ZONE Gravity 1km New Bonanza Gold Zone WZ JUPITE R ZONE Magnetics Rover 1 - Gravity and Magnetics Plan

  18. Slide 18: Jupiter Zone Established

    one erZ t u pi J Co sm ic Fa u lt Jupiter Zone Established

  19. Slide 19: Jupiter Zone - Significant Au & Cu Intercepts and Zonation

    Legend 28/11.7 28m @ 11.7g/t Au 65/2.6 105/1.6 65m @ 2.6% Cu 10/1.7 Down hole intercepts 6/9.3 31/1.1 Co 9/1.6 s65/2.6 m 32/20.8 ic Fa 64/1.3 u lt 200m 49/5.8 37/3.1 3/10.1 65/11.0 28/11.7 Note: 18/7.7 All intercepts have additional 66/4.3 overlapping 13/9.6 30/6.5 21/33.5 Au-Cu-Co-Bi 250m Jupiter Z

  20. Slide 20: Jupiter Zone - Extended?

    one erZ t u pi WGR1D043-2 J Encouraging “Stringer Zone” (Results pending) Co sm ic Fa u lt Jupiter Extension? Jupiter Zone – Extended?

  21. Slide 21: Western Zone - New Shoot?

    New one erZ Western Zone pi t Ju High Grade Au-Cu Co sm ic Fa u lt Jupiter Extension? Western Zone – New Shoot?

  22. Slide 22: Western Zone - Significant Resource Potential

    Tenement Boundary 128m @ 1.2%Cu, 1.2g/tAu 29m @ 3.6% Cu 13m / 3.7%Cu 135m @ 1.9% Cu, 1.2g/t Au Re ding pen 16m / 2.2%Cu, 7.3g/tAu sul ts 200m 14m @ 5.3% Cu, 1.5g/t Au 7m / 4.1%Cu, 4.4g/tAu 13m @ 2.2% Cu, 9.2g/t Au 7m @ 185.0g/t Au 16m @ 9.7g/t Au Western Zone – Section 359190E Significant Resource P

  23. Slide 23: Jupiter Zone Resource Pending

    New one erZ Western Zone pi t Ju High Grade Au-Cu r c e o u e es at Co R tim sm Es rea ic Fa A u lt Jupiter Extension? JUPITER ZONE RESOURCE PENDING

  24. Slide 24: Rover 1 Simple Conventional Metallurgy

    Grinding Gravity Bulk Sulphide float Crushed Underground 95% Sulphide Ore Recovery Gravity Circuit ~50% Gold On-going Cobalt CIL extract testwork remaining Gold in progress FINAL PRODUCTS Gold Bullion Bismuth Copper Cobalt Concentrate Concentrate Concentrate Concentrat Rover 1 Simple Conventional Me

  25. Slide 25: Rover 1 - Close to Major Infrastructure

    Tennant Creek Township (90km by existing road) (70km direct) Adelaide to Darwin Railway (85km by existing road) (55km direct) Stuart Highway (85km by existing road) (60km direct) Amadeus Basin to Darwin Gas Pipeline (65km by existing road) (40km direct) Rover 1 – Close to Major Infrastructure

  26. Slide 26: Regional Magnetic Targets, NT Collaborative Funding

    1xHistorical DDH Cu-Au-Co-Bi Au-Cu-Co-Bi Missed Target 5xHistorical DDH High Grade NT Funding 3xWGR DDH Drilling now Never drilled 20m @ 3% Cu Rover 5 Rover 1 Navigator 17 Explorer 142 Never drilled NT Funding SEL27039 EL25345 Rover 3 EL26538 EL24541 EL 2 5 42 7 Explorer 143 EL26537 EL25511 Never Dr

  27. Slide 27: Road Forward 2009

    Rover 1 Resource Regional Drilling Rover 1 Drilling Road Forward 2009

  28. Slide 28: Westgold Resources Limited

    Westgold Resources Limited • Australian GOLD Explorer (ASX: WGR) • 2008 “Explorer of the Year ’’ (Gold Mining Journal) • Focus is the Rover Project, Central Northern Territory • Targeting high grade Gold and Copper (IOCG) deposits • Rover 1 is a significant high grade Au‐Cu discovery • Initial “Jupi

Westgold Resources — Resources Rising Stars, Gold Coast, September 2009 on 6ix