Westgold Resources Ltd · ASX:WGX
Westgold Resources — Diggers & Dealers (August 2019)
20 slides from Westgold Resources's conference presentation, Aug 5, 2019
Slide 1: The Renovators
For personal use only “The Renovators” Cr eat i ng Weal t h Mak i ng J obs S us t ai ni ng Regi onal E c onomi es 1
Slide 2: Compliance & General Disclaimer
Compliance & General 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
Slide 3: Let's Talk About Westgold: Downsizing
LE T’s TALK ABOUT WE S TGOLD For personal use only downsi z i ng 3
Slide 4: Re-shaping the Focus
RE - S HAP I NG THE FOCUS For personal use only THE KEEPERS THE SELLS Murchison Region Assets Kalgoorlie Region Assets D O L S Fortnum Gold Opertions South Kalg Gold Operations L D S O Meekatharra Gold Higginsville Gold Operations Operations L D S O Lithium Royalties Cue Gold Operations THE B.O.O.T
Slide 5: The Core Focus: Central Murchison Aggregation
THE CORE FOCUS CENTRAL MURCHISON AGGREGATION: For personal use only WE OWN THE MAJORITY OF TENURE AND RESOURCES IN THE MURCHISON REGION. Over 10 Million ounces of Historic Murchison Goldfields Production 4 major historic underground producers 9.35 Million ounces of Total Resource*. FGO MGO 2.65 Mill
Slide 6: Processing Hubs
3 P ROCE S S I NG HUBS 3.5 – 4.0 MILLION TONNES OF PLANT CAPACITY For personal use only FORTNUM 0.9 – 1.0 Million TPA BLUEBIRD 1.4 – 1.6 Million TPA FGO MGO CGO TUCKABIANNA Kalgoorlie 1.2 – 1.4 Million TPA Perth 6
Slide 7: Murchison Gold Operations: Passing the Tipping Point
M U R C H I S O N G O L D O P E R AT I O N S 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
Slide 8: The Operating Model
THE OP E RATI NG MODE L For personal use only Building underground mine capacity to provide a base-load Open Pit Ore Feed as top- feed to processing hubs. ups to lower unit costs. Ideally 80%+ of plant feed Low-grade Stocks – a buffer for from higher grade underground the inevitable capacity issue –
Slide 9: Underground Mines: The Future
Underground Mi nes The Fut ure 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 Oz 0.72 M Oz 0.21 M Oz 420m Triton 0.25 M Oz 0
Slide 10: Fortnum (FGO) – Snapshot
FORTNUM (FGO) – SNAPSHOT For personal use only 3 Major Gold Production Fields: Labouchere, Fortnum, Peak Hill Simple Metallurgy & CIP Plant capacity of 0.9Mtpa ORE FEED SOURCES : . Fortnum (FGO) Starlight U/g Mine ~ 500 kt @ 3.5+ g/t Open Pit/Stocks ~ 400kt @ 1.2 g/t GOLD OUTPUT ~ 65,000 oz @ AISC <
Slide 11: Meekatharra (MGO) – Snapshot
M E E K AT H A R R A ( F G O ) – S N A P S H O T For personal use only Five (5) Major Gold Production Fields: Meekatharra North, Paddy’s Flat, Yaloginda, Nannine, Reedy’s Generally Simple Metallurgy & CIP Plant capacity of 1.4 – 1.6 Mtpa ORE FEED SOURCES : U/g Mines - moving to 1 Mtpa kt @ ~ 4+ g/t
Slide 12: Cue (CGO) – Snapshot
CUE (CGO) – SNAPSHOT For personal use only Five (5) Major Gold Production Fields: Big Bell, Cuddingwarra, Day Dawn, Tuckabianna, Pinnacles Simple Metallurgy & CIP Plant capacity of 1.2 Mtpa ORE FEED SOURCES : U/g Mines - 500 ktpa kt @ ~ 4+ g/t (building to 1.2Mtpa @ ~ 3g/t) Open Pits - 700kt @ 1.5 g
Slide 13: Cue (CGO) – The Big Bell Mine
CUE (CGO) – The Big Bell Mine For personal use only 13
Slide 14: FY 2020 Guidance
FY 2020 Guidance For personal use only 270,000 – 300,000 oz Westgold strives AISC to achieve sustainable and profitable gold A$1340 – A$1410/oz production and create wealth for all its shareholders MGO 110 -120,000 oz CGO OPERATING COST 100 - 110,000 oz A$1200 – A$1280/oz FGP 65 - 70,000 oz AUD $0.7
Slide 15: Further Downsizing: Pure Play Gold Focus
FURTHE R DOWNS I ZI NG P URE P LAY GOLD FOCUS For personal use only 15
Slide 16: De-merging NT Polymetallic Assets
De-merging NT Polymetallic Assets For personal use only Rover 1 Prospect TMR of 6.8 Million Tonnes 1.73g/t Au, 2.07g/t Ag, 1.2% Cu, Advanced Stages of a De-merger 0.14% Bi, 0.06% Co Solely for the benefit of WGX Shareholders 1:4 In specie distribution Explorer 108 Prospect TMR of 11.9 Million Tonnes
Slide 17: Westgold – Investment Synopsis
WESTGOLD – Investment Synopsis For personal use only PASSING THE TIPPING POINT OF HEAVY INVESTMENT Ramp-ups Nearing Completion. Gold Output Rising. Costs Reducing. Now a Simple Focussed Story. Heavily Discounted to Peer Metrics. Cash, Asset Rich, Growth Source Data: Bells Gold Tracker March 2019 17
Slide 18: Go Gold – Giddy Up!!
Go Gold – Giddy Up!! For personal use only 2012 Longs saw USD 1750 gold. Why aren’t we there now? Central Bank Buying Highest levels in 2018 since the 1970’s. Since 2012: Gold Production is up ~15 m ounces Recycled gold is up! Jewellery demand is weaker ( most notably in China ). Can gold investors
Slide 19: Westgold – Resources & Reserves
WESTGOLD – Resources & Reserves 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. 19
Slide 20: The Renovators
For personal use only “The Renovators”