Westgold Resources Ltd · ASX:WGX
Westgold Resources — Investor Presentation (May 2019)
20 slides from Westgold Resources's investor presentation, May 9, 2019
Slide 1: Purely Australian, Simple Gold Production
For personal use only Purely Australian Simple Gold Production Long-Life + Growth Margins +Profits 1
Slide 2: Corporate Snapshot
C O R P O R AT E S N A P S H O T For personal use only A CIRCA 300,000oz AUSTRALIAN GOLD PRODUCER MARKET CAP ~A$ 550 million (US$ 385 million) WELL FUNDED WITH CASH + BULLION of ~A$50 million (US$35 million) GOOD INVENTORY of 9.3 million Oz of Mineral Resource 2.7 million Oz of Mining Reserves LOW G
Slide 3: The Dominant Player in the Murchison Region
A S I M P L E S TO RY THE DOMINANT PLAYER IN THE MURCHISON REGION For personal use only (WESTERN AUSTRALIA’S 2ND LARGEST GOLDFEIELD) Murchison Goldfields Eastern Goldfields Fortnum (FGO) Meekatharra (MGO) Cue (CGO) Kalgoorlie Perth 3
Slide 4: A Big Aggregation Play
A B I G A G G R E G AT I O N P L AY WE OWN THE MAJORITY OF TENURE AND For personal use only RESOURCES IN THE MURCHISON REGION. Over 10 Million ounces of Historic Production Murchison Goldfields 4 major historic underground producers 9.35 Million ounces of Total Resource*. FGO MGO 2.65 Million ounces
Slide 5: Processing Hubs
3 PROCESSING HUBS 3.5 – 4.0 MILLION TONNES OF PLANT CAPACITY For personal use only FORTNUM 0.9 – 1.0 Million TPA Murchison Goldfields BLUEBIRD 1.4 – 1.6 Million TPA FGO MGO CGO TUCKABIANNA Kalgoorlie 1.2 – 1.4 Million TPA Perth 5
Slide 6: Fortnum (FGO) – Key Attributes
FORTNUM (FGO) – Key Attributes For personal use only ORE FEED SOURCES Starlight U/g Mine ~ 420kt @ 4.0+ g/t . Open Pit/Stocks ~ 480kt @ 1.2 g/t Fortnum (FGO) GOLD OUTPUT 65,000 – 70,000oz COST STRUCTURE Cash Cost (C1) A $1,000 – A $1,100/oz US $700 – US $770/oz A.I.S.C. A $1,300 – A $1350/oz US $910
Slide 7: Meekatharra (MGO) – Key Attributes
M E E K AT H A R R A ( F G O ) – K e y A t t r i b u t e s For personal use only ORE FEED SOURCES U/g Mines 750 – 1,000kt @ 4.0 g/t Open Pit/Stocks 400 – 600kt @ 1.6 g/t GOLD OUTPUT 110,000 – 140,000oz COST STRUCTURE Cash Cost (C1) A $1,000 – A $1,100/oz US $700 – US $770/oz . Meekatharra (MGO) A.I.
Slide 8: Cue (CGO) – Key Attributes
C U E ( C G O ) – K E Y AT T R U B U T E S For personal use only ORE FEED SOURCES Big Bell U/g Mine ~ 1,000kt @ 3.0+ g/t . Cue (CGO) Open Pit/Other ~ 200kt @ 1.8 g/t GOLD OUTPUT 100,000 – 110,000oz COST STRUCTURE Cash Cost (C1) A $1,000 – A $1,100/oz US $700 – US $770/oz A.I.S.C. A $1,200 – A $1,250
Slide 9: FY 2020 Guidance
FY 2020 Guidance For personal use only Westgold strives AISC 270,000 – 300,000 oz to achieve sustainable and profitable gold A$1340 – A$1410/oz production and create US$940 – US$990/oz wealth for all its shareholders MGO 110 -120,000 oz CGO OPERATING COST 100 - 110,000 oz A$1200 – A$1280/oz US$840 –
Slide 10: Murchison Gold Operations – At 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 AT 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 the
Slide 11: March 2019 Quarter – Highlights
MARCH 2019 QUARTER - HIGHLIGHTS For personal use only Production Up Costs Down Cash Flow Up Growth Growth Growth Consistency Upscaling Quality Extracting Value 11
Slide 12: Murchison Gold Operations – Considerable Growth
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 CONSIDERABLE GROWTH Only 2.65 million oz (28%) of the Total Mineral Resource (9.35 million oz) in Reserves. CAN DOUBLE MINE LIFE OVER TIME Potential 15 year mine life without discovery. Underground mines are comparatively shallow wit
Slide 13: The Westgold Scorecard
THE WESTGOLD SCORECARD For personal use only SIMPLIFIED ASSET BASE WITH MURCHISON FOCUS CASH & BULLION ~ A$50 million HGO SALE PROCEEDS ~ A$50 million ($25m in cash, $25m in RNC Shares) LITHIUM ROYALTY PROCEEDS ~ A$15 million (Marion $13m,Buldania $2m) -----------------------------------------------
Slide 14: Westgold – Market Comparatives
WESTGOLD – market comparatives For personal use only Australian Gold Signal Westgold Producer Average Size Ranking 300Koz (7) 362 Koz (22 Co’s) Top 10 EV per Resource Oz 50 192 Buy (Re-rate) EV per Reserve Oz 180 559 Buy (Re-rate) AISC Margin ~500 578 Buy (Re-rate) Market Cap per Production Oz 1,667
Slide 15: Westgold – Market Comparatives
WESTGOLD – market comparatives For personal use only AISC Margin EV Immediate Peers Prod’n Rate (Koz) $A1,800/oz Spot A$’millions 355 769 $2.15 m Saracen Resolute 295 476 $0.98 m Regis 362 851 $2.52 m St Barbara 357 728 $2.00 m Dacian 160 450 $0.63 m 300 500 $0.50 m Source Data: Bells Gold Tracker M
Slide 16: Westgold – Investment Synopsis
WESTGOLD – Investment Synopsis For personal use only PAST 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, Debt Free, Asset Rich, Growth Source Data: Bells Gold Tracker March
Slide 17: Westgold – JORC Statements
WESTGOLD – JORC Statements 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. 17
Slide 18: 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 19: Core Values
For personal use only CORE VALUES BE PASSIONATE Show pride, enthusiasm and dedication in everything that we do. TAKE ACTION Be proactive, be bold and decisive. Act before there is a problem, and if you find one, run to it – do not try and solve it from a distance. DO THE RIGHT THING Be honest, depen
Slide 20: Westgold Resources Limited
WESTGOLD RESOURCES LIMITED
Westgold Resources — Investor Presentation (May 2019) on 6ix