Westgold Resources Ltd · ASX:WGX
Westgold Resources — Shareholder Meeting (November 2025)
24 slides from Westgold Resources's shareholder meeting presentation, Nov 21, 2025
Slide 1: 2025 Annual General Meeting
For personal use only Westgold Resources Limited (ASX/TSX: WGX) 2025 Annual General Meeting
Slide 2: Important Notices and Disclaimer
Important Notices and Disclaimer Investor Presentation This presentation is in summary form and does not purpose to be exhaustive. Westgold makes no representation or warranty (either expressed or implied) as to the accuracy, reliability or completeness of the information in this presentation. Westg
Slide 3: Important Notices and Disclaimer
Important Notices and Disclaimer Ore Reserves and Mineral Resources The information in this presentation that relates to the Ore Reserves and Mineral Resources of Westgold has been extracted This presentation contains references to estimates of Mineral Resources and Ore Reserves. The estimation of M
Slide 4: MD & CEO's Address
For personal use only MD & CEO’s Address Mr Wayne Bramwell 4
Slide 5: Contents
Contents 01 Westgold Today 02 Our Journey For personal use only 03 Our 3-Year Outlook 04 Creating Value 05 Questions Tea 5
Slide 6: Acknowledgement of Country
Westgold respectfully acknowledges the Wadjuk People of the Noongar Nation as the Traditional Custodians of the land on which we gather today. For personal use only We pay our respects to their Elders past and present. We would also like to extend that respect to Aboriginal and Torres Strait Islande
Slide 7: Westgold Today
For personal use only 7 01 Westgold Today
Slide 8: Westgold Today
Westgold (ASX / TSX: WGX) TODAY Asset rich, unhedged, ASX200 Australian A$5.5Bn A$472M gold producer Market Cap1 Cash, bullion & liquids3 For personal use only Four established, profitable processing hubs in Western Australia - Group milling capacity of ~6Mtpa 5.2M A$26M Average trading volume1,
Slide 9: Our Journey
For personal use only 9 02 Our Journey
Slide 10: Westgold's Journey – Strategy delivering value
Westgold’s Journey – Strategy delivering value For personal use only FY23 FY24 FY25 FY26 FY27 FY28 RESET, DRIVE CASH, MERGE, EXECUTE STRATEGY – CREATE ENDURING VALUE RATIONALISE FUND GROWTH INTEGRATE, INVEST • Strategic review / • Cashflow from • Infrastructure • Safe AND profitable ounces rationali
Slide 11: Westgold's Journey – Production profile growing
Westgold’s Journey – Production profile growing 2,750* 2,666 2,456 2,499 2,178 1,999 470 420 365* 326 For personal use only 257 227 A F Group Production (koz) Group AISC (A$/oz) FY23 FY24 FY25 FY26 FY27 FY28 RESET, DRIVE CASH, MERGE, EXECUTE STRATEGY – CREATE ENDURING VALUE RATIONALISE FUND GROWTH I
Slide 12: Westgold's Journey – Delivering SAFE and profitable ounces
Westgold’s Journey – Delivering SAFE and profitable ounces 73% reduction in TRIFR since FY23 18.44 For personal use only 5.04 TRIFR FY23 FY24 FY25 FY26 FY27 FY28 RESET, DRIVE CASH, MERGE, EXECUTE STRATEGY – CREATE ENDURING VALUE RATIONALISE FUND GROWTH INTEGRATE, INVEST 12
Slide 13: Westgold's Journey – Growing Reserves and Resources
Westgold’s Journey – Growing Reserves and Resources Ore Reserves and Mineral Resource position 16.3 13.2 For personal use only 3YO to deliver 8.30 organic value 3.3 3.5 2.0 Ore Reserves (Moz) Mineral Resource (Moz) FY23 FY24 FY25 FY26 FY27 FY28 RESET, DRIVE CASH, MERGE, EXECUTE STRATEGY – CREATE END
Slide 14: Westgold's Journey – Focus on FCF
Westgold’s Journey – Focus on FCF Quarterly cash, bullion and liquid investment position ($M) 472 For personal use only 364 3YO to deliver 247 263 232 organic value 238 217 190 192 159 159 168 152 Karora Reset acquisition 103 FY23 FY24 FY25 FY26 FY27 FY28 RESET, DRIVE CASH, MERGE, EXECUTE STRATEGY –
Slide 15: Westgold's Journey – Delivering shareholder value
Westgold’s Journey – Delivering shareholder value Share price performance ($/share) $5.85 For personal use only +392% 3YO to deliver organic value $1.19 FY23 FY24 FY25 FY26 FY27 FY28 RESET, DRIVE CASH, MERGE, EXECUTE STRATEGY – CREATE ENDURING VALUE RATIONALISE FUND GROWTH INTEGRATE, INVEST 15 As at
Slide 16: Our 3-Year Outlook
For personal use only 03 Our 3-Year Outlook 16
Slide 17: 3YO - A high confidence plan
3YO - A high confidence plan Sustainable production pathway to over 470koz by FY28 Westgold portfolio review completed in FY25 First multi-year view of the business For personal use only Organic growth driving cost down Underpinned by: Current Ore Reserves (56 Mt at 1.93 g/t Au for 3.5Moz Au
Slide 18: Upside NOT included in 3-Year Outlook
Upside NOT included in 3 Year Outlook Excluded upside Potential opportunity FY26 FY27 FY28 • Accelerated & further expansion of Bluebird- Targeting 1.2Mtpa being achieved by FY27, 1 year ahead of 3YO South Junction Underground Mine • Expansion of Higginsville Mill beyond 2.6Mtpa Plant design to inco
Slide 19: FY26 plan - consistent operational delivery
FY26 plan - consistent operational delivery Murchison Southern Goldfields Portfolio For personal use only Expand Bluebird-South Junction Beta Hunt to >2Mtpa - without Leverage milling infrastructure to underpin Meekatharra Fletcher Debottleneck / expand Great Fingall starts - brings grade
Slide 20: Creating Value
For personal use only 20 04 Creating Value
Slide 21: Shareholder returns increasing
Shareholder returns increasing Dividend declared for FY25 - share buyback in FY26 Dividends declared under the FY25 FY26 Dividend policy FY26 on-market Dividend Policy share buy-back1 A$28.3M Increase the minimum For personal use only (3cps) dividend per Westgold Share from 1cps (FY25 policy) to 2
Slide 22: Westgold – 3YO enhances value proposition
Westgold – 3YO enhances value proposition Leading Australian Financial Unhedged Producer Strength One of Australia’s largest For personal use only $5.5B market fully unhedged gold Robust balance sheet capitalisation[1] producers Focus on Investing in Growth Shareholder Diversification Potential Retu
Slide 23: Unearthing enduring value
For personal use only Investor Relations Media Relations Kasun Liyanaarachchi Annette Ellis Group Manager Investor Relations & Communications Manager Communications & Corporate Affairs Kasun.Liyanaarachchi@westgold.com.au Annette.Ellis@westgold.com.au +61 458 564 483 +61 458 200 039 Unearthing endur
Slide 24: Questions
For personal use only 24 05 Questions
Westgold Resources — Shareholder Meeting (November 2025) on 6ix