Westgold Resources Ltd · ASX:WGX
Westgold Resources — Diggers & Dealers Mining Forum 2022
22 slides from Westgold Resources's conference presentation, Aug 1, 2022
Slide 1: Diggers & Dealers Mining Forum August 2022
Westgold Resources Limited ASX : WGX For personal use only DIGGERS & DEALERS MINING FORUM August 2022
Slide 2: Acknowledgement of Traditional Ownership
Acknowledgement of Traditional Ownership For personal use only Westgold would like to acknowledge 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 Aboriginal and Torres Strait Islander
Slide 3: Disclaimer
Disclaimer COMPLIANCE STATEMENT For personal use only The information in this report that relates to Exploration Results is compiled by Westgold technical employees and contractors under the supervision of Mr. Simon Rigby B.Sc. (Hons), who is a member of the Australian Institute of Geoscientists. Mr
Slide 4: Westgold Resources Limited – 100% Australian mid-cap gold producer
Westgold Resources Limited – ASX : WGX 100% Australian mid-cap gold producer For personal use only Who is Westgold? Debt free and with balance sheet strength - Cash @ 30/06/22 of A$190M [US$131M1] New Leadership – Board and management focus is safety, profitability and sustainability Operational
Slide 5: Who is Westgold? Location, Leadership and Shareholders
For personal use only WHO IS WESTGOLD? Location, Leadership and Shareholders 5
Slide 6: Westgold Today
Westgold Today For personal use only Strong balance sheet Refreshed Leadership Team – Board and management Diverse and committed workforce 1,300km2 of exploration tenure 4Mtpa installed processing capacity 100% underground mining focus - with full internal capability Exploration and re
Slide 7: Leadership and Corporate Snapshot
Leadership and Corporate Snapshot Board Corporate Structure For personal use only Shares on Issue1 473.6M Ind. Non-Executive Chair The Hon. Cheryl Edwardes AM Options on Issue1 2.3M Managing Director Wayne Bramwell 12 Month Trading Range1 A$2.50 – A$1.08 Ind. Non-Executive Director Julius Matthys Av
Slide 8: FY22 The Operational Reset
For personal use only FY22 The Operational Reset 8
Slide 9: FY22 – Delivered on our promises
FY22 – Delivered on our promises For personal use only Record Full Year Group production - FY22 - 270,884oz 270,884oz @ AISC A$1,725/oz (US$1,188/oz) Record Q4 gold production - 72,597oz Record Big Bell and Cue Q4 production FY21 - 245,411oz Big Bell, Bluebird and Starlight mines at steady s
Slide 10: Consistent Operational Delivery
Consistent Operational Delivery Production, Achieved Gold Price & AISC For personal use only Q1 Gold Q2 Gold Q3 Gold Q4 Gold YTD Gold FY22 Consistent production over FY Produced Produced Produced Produced Produced Production Costs 66,173oz 66,688oz 65,426oz 72,597oz 270,884oz Guidance Costs A$’M A$2
Slide 11: Big Bell – On Song
Big Bell – On Song FY22 For personal use only Q3 - reached feasibility level of production Q4 – run rate above feasibility level Q4 - 272,124t @ 2.6g/t Au Productivity and mine planning improvements lifting run-rate beyond feasibility study levels Rates should progressively lift as cave be
Slide 12: Bluebird – What Good Looks Like
Bluebird – What Good Looks Like For personal use only FY22 steady state +24ktpm @ 3.0g/t Au Predictable and consistent Q4 run rate +28ktpm @ 3.3g/t Au FY23 – Bluebird Expansion moving leverage the existing capital access to North Lodes underway to lift tonnage and provide greater operational
Slide 13: Exploration Success at Sovereign
Exploration Success at Sovereign Initial 3 hole drill program completed in April For personal use only 2022 with highly encouraging assay results returned1 Located approximately halfway between Great Fingall and Golden Crown (historic production of >1.5M oz of gold from high-grade quartz reef sy
Slide 14: FY23 Reset the cost base and build the runway into FY24
For personal use only FY23 Reset the cost base and build the runway into FY24 14
Slide 15: Business Improvement Program – Resetting Our Cost Base
Business Improvement Program – Resetting Our Cost Base For personal use only New Power and LNG Supply – significant reduction in diesel consumption Diesel Consumption Variable speed fan rollout - significant reduction in diesel consumption Completion of open pit program – significant reduction
Slide 16: New Electricity and LNG Supply Agreements
New Electricity and LNG Supply Agreements For personal use only New Electricity Purchase Agreement with Pacific Energy and a new LNG Supply Agreement with Clean Energy Fuels Australia (CEFA). From FY24 agreements will deliver operating cost savings of ≈$100/oz at the current diesel price Inclu
Slide 17: The Runway into FY24
The Runway into FY24 For personal use only Murchison Operations Status Timing New Fender underground mine - 30koz pa Committed First production Q1 FY23 Committed Bluebird North bypass drive commenced; Bluebird mine expansion to +55koz pa extensional drilling ongoing Tuckabianna Trend – Caustons Pend
Slide 18: Caustons – Potential 40koz per annum
Caustons – Potential 40koz per annum For personal use only l 18
Slide 19: Making Great Fingall “Great” Again
Making Great Fingall “Great” Again 1.2Moz mined at 19.5g/t over 100 years ago. For personal use only Westgold 2019 drilling demonstrates system is continuous - and is mineralised to circa 1.5km depth Simple geology and geometry - proximate opportunities @ Golden Crown and Sovereign A 240m pa
Slide 20: Westgold 2.0
For personal use only WESTGOLD 2.0 A larger, progressive and sustainable gold company committed to success. 20
Slide 21: Westgold 2.0 - The Road Ahead
Westgold 2.0 - The Road Ahead For personal use only Well-funded, debt-free Australian gold producer rejuvenated Board and management team FY22 – delivered production and cost guidance our growth strategy is funded and moving FY23 – focus is growth in profitability simplify the business - optim
Slide 22: Need more information?
For personal use only Need more information? See us at Booth 125 Corporate and Investor Enquiries: Wayne Bramwell – Managing Director investor.relations@westgold.com.au www.westgold.com.au 22
Westgold Resources — Diggers & Dealers Mining Forum 2022 on 6ix