Westgold Resources Ltd · ASX:WGX
Westgold Resources — Shareholder Meeting (November 2022)
16 slides from Westgold Resources's shareholder meeting presentation, Nov 25, 2022
Slide 1: Westgold Resources Limited 2022 Annual General Meeting
WESTGOLD RESOURCES LIMITED ASX: WGX For personal use only 2022 ANNUAL GENERAL MEETING 25 November 2022
Slide 2: Disclaimer - Compliance Statement
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 3: 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 4: Westgold - Our Operations
WESTGOLD - OUR OPERATIONS For personal use only BRYAH OPERATIONS MURCHISON OPERATIONS 4
Slide 5: Westgold Resources Limited - 100% Australian mid-cap gold producer
WESTGOLD RESOURCES LIMITED - ASX : WGX For personal use only 100% Australian mid-cap gold producer Westgold Debt free and robust balance sheet – cash and cash equivalents @ 30 September 2022 of $153M New Leadership – focussed on safety, profitability and sustainability Operational Reset commence
Slide 6: Environment, Health & Safety (EH&S) Performance
ENVIRONMENT, HEALTH & SAFETY ( EH&S ) PERFORMANCE 12-MONTH LAG INDICATOR PERFORMANCE For personal use only 12 40.00 LTI DI MTI 12 Month TRIFR 12 Month LTIFR 9 30.00 Roling 12 Month Frequency Rate Recordable Injury Count 6 20.00 16.91 3 10.00 0.87 0 0.00 6
Slide 7: Leadership and Corporate Snapshot
LEADERSHIP AND CORPORATE SNAPSHOT Board Corporate Structure For personal use only Ind. Non-Executive Chair Hon. Cheryl Edwardes AM Shares on Issue1 473.6M Managing Director Wayne Bramwell Options on Issue1 2.3M 12 Month Trading Range1 A$2.45 – A$0.75 Ind. Non-Executive Director Julius Matthys Avg Li
Slide 8: FY23 - Simplify the Operating Plan
FY23 - SIMPLIFY THE OPERATING PLAN FY22 Operational For personal use only FY23 Operational Big Bell At steady state Big Bell Expanding Bluebird At steady state Bluebird Expanding Starlight At steady state Starlight Optimising Paddy’s Flat Operational Paddy’s Flat Optimising Open Pits Operational Ope
Slide 9: Q1, FY23 - Cost Base Reset
Q1, FY23 - COST BASE RESET Reset plan For personal use only activated Costs $'m $/oz 50 2,200 Operation Group Q1 $ 2,167 /oz $ 2,128 /oz 48 Production (koz) 240,000 -260,000 66,048 2,100 46 $ 2,024 /oz AISC (A$/oz) 1,900-2,100 2,106 44 $48m $47m 2,000 Growth Capital ($M) 60 21 42 $44m Exploration ($
Slide 10: Investing in the Drill Bit - Rigs on Res Dev and Extensional Drilling
INVESTING IN THE DRILL BIT - 8 RIGS ON RES DEV AND EXTENSIONAL DRILLING For personal use only 1 1 3 3 10
Slide 11: Investing in the Drill Bit - Great Fingall Deeps
INVESTING IN THE DRILL BIT - GREAT FINGALL DEEPS For personal use only Fingall Deeps drilling commenced post quarter end o The historic Great Fingall mine is one of the highest-grade gold deposits in WA - having produced 1.2Moz @ 19.5g/t Au between 1891 and 1918 o Great Fingall currently has defin
Slide 12: ESG - Committed to the Journey
ESG - COMMITTED TO THE JOURNEY For personal use only Zero Fatalities in our business Safety, Health and Forecasting a 50% reduction in Injury Frequency Rates in FY23 Wellbeing Active investment in the health and wellbeing of our people 33% female directors People, Diversity 13% female empl
Slide 13: ESG - People and Community
ESG - PEOPLE AND COMMUNITY For personal use only A$27K RAISED FOR VINNIES MINING DAY OUT FOR STUDENTS FIRST GRADUATE ENGAGEMENT DAY TLG PARTNERSHIP A$9K RAISED FOR RFDS RECORD VACATION STUDENT INTAKE CENTRALISED TRAINING FACILITY OPENED 13
Slide 14: Future Proofing the Business - Power Project and Other Energy Savings
FUTURE PROOFING THE BUSINESS - POWER PROJECT AND OTHER ENERGY SAVINGS Power Generation Ventilation on Demand – Secondary Other Energy Saving Projects For personal use only Ventilation Completed trials on Komatsu loaders – Announced July – entered into agreement to convert 6 diesel power At Big
Slide 15: FY23 - Changing Gears
FY23 - CHANGING GEARS For personal use only Cost reset commenced late Q1 Big Bell, Bluebird, Starlight and Paddy’s Flat being expanded and optimised South Emu - Triton mine to care and maintenance Comet and Fender mines – operational pause Benefits evident in September cost base Will become
Slide 16: Westgold Resources Limited - Thank you
WESTGOLD RESOURCES LIMITED For personal use only [ASX : WGX] Thank you for attending our 2022 AGM and your ongoing support www.westgold.com.au 16
Westgold Resources — Shareholder Meeting (November 2022) on 6ix