Slide 1: FY27 Guidance & Three Year Outlook
For personal use only FY27 Guidance & Three Year Outlook Fully funded pathway to ~500kozpa production base ASX | TSX : WGX westgold.com.au
Slide 2: Important Notices and Disclaimer
Important Notices and Disclaimer Investor Presentation Forward-looking Statements This investor presentation is dated 9 September 2026 and has been prepared by Westgold Resources Limited (ASX: WGX, TSX:WGX) This document contains “forward-looking information” and “forward-looking statements” which a
Slide 3: Important Notices and Disclaimer
Important Notices and Disclaimer Ore Reserves and Mineral Resources (iv) changes to proposed mine plans; (v) the evaluation of mine plans subsequent to the date of any estimates; and (vi) the possible failure to receive required permits, approvals and licenses. The information in this presentation t
Slide 4: Westgold 3YO - delivers ≈500kozpa by FY29
Westgold 3YO - delivers ≈500kozpa by FY29 $3,380/oz $3,400/oz THREE-YEAR $3,000/oz OUTLOOK $2,980/oz $3,000/oz >600koz For personal use only $2,841/oz $2,640/oz ≈500kozpa FY29 production base ~9% CAGR 460-510koz >7Mtpa 425-470koz FY29 processing capacity 385-425koz Lower AISC 387koz as throughput in
Slide 5: Building blocks in place
Building blocks in place FY26 delivery has increased the confidence to accelerate organic growth Fully funded 4.1Moz 4 >$150M For personal use only Exploration + resource Organic growth plan Group Ore Reserve1 Operating hubs definition2 Investment ahead of +41% during FY26, post asset Across the Thr
Slide 6: 3YO Underpinned by M&I Resources
3YO Underpinned by M&I Resources 1 Supported by continued investment in conversion and extension Production Target Composition PLAN UNDERPINNED BY 100% 100% 100% 5% For personal use only 11% 8% Third Party Ore Measured & Indicated 2% 7% 4.1Moz1 14.4Moz1 Resource 8% 18% Inferred Resource Mineral Reso
Slide 7: Murchison Drives Growth Towards 500kozpa
Murchison Drives Growth Towards 500kozpa More mining fronts + optimised feed grades + expanded processing capacity Great Fingall + Big Bell Deeps Higher-grade feed for the Cue hub CUE HUB1 THE OUTCOME For personal use only 1.4Mtpa → 1.7Mtpa More ore Bluebird-South Junction 1.2Mtpa mining rate target
Slide 8: Processing capacity increases to >7Mtpa
Processing capacity increases to >7Mtpa Murchison first - Southern Goldfields to follow with Fletcher Group Milling Capacity +24% 7.2Mtpa PRIORITISED For personal use only 6.7Mtpa EXPANSION 0.9Mtpa Fortnum Hub 5.8Mtpa 0.9Mtpa Process growing Murchison ore inventories 0.9Mtpa 2.9Mtpa Meekatharra Hub
Slide 9: Investing Ahead of Production
Investing Ahead of Production 1 FY27 is the peak investment year - capital declining as major projects progress Group capex outlook by region WHAT THE CAPITAL BUILDS For personal use only $450-480M $430-460M Mining inventory ~$105M $390-410M ahead of production ~$130M ~$145M Southern Goldfields Proc
Slide 10: Expansions Drives a Lower Cost Base
Expansions Drives a Lower Cost Base The investment improves ore quality, mill utilisation and operating flexibility Optimised feed Less reliance on lower-grade stockpiles, grades increasing feed grades at key hubs AISC OUTLOOK For personal use only More established Bluebird-South Junction, Great Fin
Slide 11: Exploration & Resource Def Drives Future Growth
Exploration & Resource Def Drives Future Growth Targeted investment to extend mine life and create new organic growth options $50-75M1 >$150M1 14.4Moz2 >600km FY27 investment across the 3YO Mineral Resource inventory of drilling planned in FY27 For personal use only Priority outcomes: CONVERT Resour
Slide 12: Fletcher Zone @ Beta Hunt – key growth driver
Fletcher Zone @ Beta Hunt – key growth driver 1 The organic pathway beyond 600kozpa 1.1Moz 3.0Moz Maiden Ore Reserve Updated Mineral Resource For personal use only ≈140kozpa >600kozpa Conceptual steady-state addition Potential Group production platform Excluded from the three-year outlook Production
Slide 13: Defining the Preferred Fletcher Development Pathway
Defining the Preferred Fletcher Development Pathway Progressing resource scale, haulage and processing options DEFINE Fletcher scale and continuity 1 Mason continuation For personal use only Future mine-plan inventory EVALUATE Mine-to-surface haulage 2 Higginsville processing option Spargos processi
Slide 14: Upside Not Included in the Outlook
Upside Not Included in the Outlook The 3YO is an executable baseline and excludes material growth opportunities FLETCHER POLAR STAR OPEN PITS No production or development No acceleration ahead of the Only part of the broader inventory capital included current schedule is assumed For personal use onl
Slide 15: Building a Sustainably More Valuable Westgold
Building a Sustainably More Valuable Westgold Organic growth from assets, infrastructure and opportunities within the portfolio For personal use only Towards 500kozpa >7Mtpa Lower AISC Beyond 600kozpa by FY29 processing capacity and declining capital profile organic Fletcher pathway A fully funded p
Slide 16: Investor Relations / Media contacts
For personal use only Investor Relations Media Kasun Liyanaarachchi Annette Ellis Group Manager Investor Relations & Communications Manager Corporate Affairs Kasun.Liyanaarachchi@westgold.com.au Annette.Ellis@westgold.com.au +61 458 564 483 +61 458 200 039 ASX:WGX – The next milestone is 500koz by F
Slide 17: Mineral Resource Statement: Operating Mines
Mineral Resource Statement: Operating Mines At 30 June 2026[1] 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) ('0
Slide 18: Mineral Resource Statement: Non-Operating Projects
Mineral Resource Statement: Non-Operating Projects At 30 June 2026[1] 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 ('00
Slide 19: Ore Reserves Statement: Operating Mines
Ore Reserves Statement: Operating Mines At 30 June 2026[1] 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 6,329 1.72 349 4,771 2.83 434 11
Slide 20: Ore Reserves Statement: Non-Operating Projects
Ore Reserves Statement: Non-Operating Projects At 30 June 2026[1] 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 124 2.07 8 0 0.00 0