Westgold Resources Ltd · ASX:WGX
Westgold Resources — Investor Presentation (October 2020)
16 slides from Westgold Resources's investor presentation, Oct 14, 2020
Slide 1: Diggers & Dealers 2020
Diggers & Dealers 2020 14th October 2020 Investor Presentation Diggers and Dealers 2020
Slide 2: Compliance and Disclaimer Statements
Compliance and Disclaimer Statements 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 B. Eng (Hons) MAI
Slide 3: Completely Focused on WA Gold
Completely Focused on WA Gold Corporate Restructuring Core business only Fortnum Gold Operations Balance sheet rebuilt Meekatharra Gold Operations Debt Free Cue Gold Operations Self reliant Focused on longevity Investor Presentation Diggers and Dealers 2020 3
Slide 4: Corporate Structure
Corporate Structure Board of Directors Capital Structure Peter Cook Exec. Chairman (transition) Shares on Issue 420.23m Fiona Van Maanen Non-executive Director (Indep.) Options 3.7 m Peter Schwann Non-executive Director (Indep.) Performance Rights 1.6 m Wayne Bramwell Non-executive Director (Indep.)
Slide 5: A really solid balance sheet
A really solid balance sheet Non-Current Assets - 2020 Cash Balance Spares, Ore Stocks & GIC 3 Process Plants, 4 villages, open pit & underground mining fleet. 7 Underground mines, 5 open pits Financial assets 6.25 million oz of resource Property, plant and equipment Development assets Equiv. to 2 m
Slide 6: FY 2020 a sign of things to come.
FY 2020 a sign of things to come. Y/E 30 June Y/E 30 June Change 2020 2019 Cash Balance Gold sales 235,196 220,705 7% $176m in capital invested Spares, Ore Stocks & GIC last year and still made a Revenue $492.3 m $418.3 m 18% solid profit Net cash flow 3 Process Plants, 4 villages, open pit $155.7 m
Slide 7: Murchison Gold Operations – Our Core Business
Murchison Gold Operations – Our Core Business Aggregating a gold province – 22.9 million oz historic production and remaining resources. Past Production 1.9 millon oz FGO Current Resource 1.3 million oz 335 Mining Titles MGO Past Production 5.5 million oz 1566 Square Km’s Current Resource 3.8 millio
Slide 8: Murchison Gold Operations – Our Core Business
Murchison Gold Operations – Our Core Business 65-75,000 oz p.a. 105-120,000 oz p.a. 100-110,000 oz p.a. Investor Presentation Diggers and Dealers 2020 8
Slide 9: Our growth in the Central Murchison
Our growth in the Central Murchison 282,500 300,000 235,150 250,000 220,843 70,000 163,167 60,839 4 Years 200,000 58308 Ounces of Gold 7 Underground mines 97,500 150,000 10 Open pits 103,322 41,820 68,255 70,223 3 Process Plants 8,917 100,000 2,061 4 villages (800 beds) 112,430 115,000 50,000 101,26
Slide 10: Sustaining Ore Reserves, Protecting Margins
Sustaining Ore Reserves, Protecting Margins 3,000,000 2,500 2,500,000 2,000 Avg. Hedge Price $/oz 2,000,000 Ounces of Gold 1,500 Reserve depletion replaced by additions 1,500,000 1,000 Huge leverage to gold price 1,000,000 500 500,000 0 0 FY2017 FY2018 FY2019 FY2020 FY2021 Fcst Cumulative Production
Slide 11: Perfectly timed for long-term production at higher prices
Perfectly timed for long-term production at higher prices 3,000 $2,450/oz 2,500 $2,088/oz 2,000 $1,768/oz A$930/oz $1,627/oz AISC Margin A$ Gold Price/oz A$570/oz $1,614/oz Expanding AISC Margins 1,500 A$378/oz AISC Margin AISC Margin 1,000 500 0 FY2017 FY2018 FY2019 FY2020 FY2021 Fcst C1- Cash Cost
Slide 12: Nearly over the investment hump
Nearly over the investment hump Reducing Capital Expenditure - Post Big Bell Big Bell Mine – Sub-level Cave Big Bell Higher Capital Intensity 18 ramp-up 14 26 Lower Operating Cost 16 70 $' millions 86 90 20 60 25 80 54 22 47 9 30 2 5 8 17 47 45 7 1 28 23 17 18 FY2017 FY2018 FY2019 FY2020 FY2021 FCST
Slide 13: Annual Guidance & Sep 2020- Qtr Report
Annual Guidance & Sep 2020- Qtr Report Divider slide: Title to go here Investor Presentation Diggers and Dealers 2020 13
Slide 14: Our Footprints in the Murchison
Our Footprints in the Murchison $29.17m in indirect taxes + $12.3m in Income tax from a Gross Profit of $43.9m = “Taxed to Death’s Door” For the Virtue Signallers!! In the last 12 months the Westgold received 17,300 job applications - 3.9% were women that’s the issue!! Investor Presentation Diggers
Slide 15: Self sufficiency
Self sufficiency Westgold is unique in the sector as owner operator in open pit & underground mining Substantial open pit fleet – currently operating 4 open pits Substantial underground fleet – currently operating 7 underground mines “Makes us a dominantly fixed cost business and protected from cont
Slide 16: The time has come !!
Thanking You. Destined to Happen! The time has come !! Investor Presentation Diggers and Dealers 2020 16
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