Westgold Resources Ltd · ASX:WGX
Westgold Resources — RIU Explorers Conference 2024
17 slides from Westgold Resources's conference presentation, Feb 14, 2024
Slide 1: RIU Explorers Conference 2024 - Westgold Resources Limited
ASX:WGX, OTCQX:WGXRF westgold.com.au For personal use only RIU EXPLORERS CONFERENCE 2024 WESTGOLD RESOURCES LIMITED
Slide 2: Disclaimer - Compliance Statement
Disclaimer COMPLIANCE STATEMENT 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 Rigby is a full-time
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: Objectives with today's RIU Explorers presentation
2 Objectives with today’s RIU Explorers presentation For personal use only Dispel some misconceptions about the Murchison Highlight some opportunities in our package unlocked through Westgold’s approach to exploration 4
Slide 5: Who is Westgold?
Who is Westgold? Generating free cash - $238M in cash and bullion For personal use only @ 31 December 2023 Produced 257koz of profitable ounces @ $1,999/oz in FY23 Debt free and fully leveraged to the gold price Substantial organic growth potential with vast Mineral Resource of 8.3Moz and Ore Reserv
Slide 6: Corporate Snapshot
Corporate Snapshot Corporate Structure Major Shareholders Shares on Issue1 473.6M 71% For personal use only Performance Rights on Issue1 9.3M 52% Australia 12 Month Trading Range2 A$2.24 – A$0.91 Others 29% 71% Institutions Avg Liquidity / day2,3 ≈2.0M shares 23% North America Cash and Bullion1 A$23
Slide 7: The Murchison – a great backyard
The Murchison – a great backyard >35Moz Au endowment with 4 deposits >2Moz Au Westgold’s tenements span ~1,300km2 covering 9 key Starlight historic mining centers For personal use only Significant brownfields and greenfields opportunities Plutonic-Marymia Belt 10MozAu Paddy’s Bluebird Aladdin/
Slide 8: Exploration in the Murchison – Perception vs Reality
Exploration in the Murchison – Perception vs Reality For personal use only PERCEPTION REALITY The Murchison is not a significant gold belt 35Moz gold endowment with 4 camps hosting >2Moz The Murchison is a mature goldfield Multiple companies still exploring and building gold resources The best has a
Slide 9: Westgold invested $19M in exploration and $15m in ResDef in FY23
Westgold invested $19M in exploration and $15m in ResDef in FY23 ≈246km of drilling completed in FY23 For personal use only Drilling in FY23 (km) Resource Definition 107 4% Mineral Resource growth post depletion Greenfield Exploration 40 7% increase in Mineral Resource grade 6% increase in Ore Reser
Slide 10: Westgold has a strong pipeline of organic growth opportunities
Westgold has a strong pipeline of organic growth opportunities For personal use only High potential greenfield Restart opportunities Development Operations prospects High priority drilling targets Mines with existing The next generation Making our existing mines infrastructure undergoing bigger comm
Slide 11: Case Study – The Hunt for the Next Great Fingall
Case Study 1 – The Hunt for the Next Great Fingall Day Dawn region hosts >2Moz endowment For personal use only Majority of ounces hosted in the Fingall Dolerite Host to the iconic Great Fingall mine: Outcropped and discovered in 1890’s – 1.2Moz @ 19.5g/t Au Golden Crown mine: ~700m from
Slide 12: Westgold applies new thinking to historically prolific gold corridor
Westgold applies new thinking to 584000mE 580000mE 588000mE LEGEND historically prolific gold corridor >1Moz gold mine >100Koz gold mine Gold occurrence 6964000mN Controlling faults For personal use only High resolution gravity geophysical survey conducted Great Fingall Detail Area 1 Golden Crown
Slide 13: New targets analogous to Great Fingall & Golden Crown identified
New targets analogous to Great Fingall & Golden Crown identified Distinctive Offsets In DRILL TARGET 6963000mN N HW Basalt Contact For personal use only Along Controlling Faults 1km 6960000mN Yellow Taxi DRILL TARGET Great Fingall 6962000mN Golden Crown DRILL TARGET Try Again 6961000mN 6958000mN DRI
Slide 14: Case Study – The Bluebird Trend at Meekatharra
Case Study 2 – The Bluebird Trend at Meekatharra Bluebird region at Meekatharra hosts For personal use only >2Moz endowment Bluebird-South Junction open pits >1Moz Primarily open pit mines with limited historic drilling at depth Westgold drilling under Bluebird over last 3 years and develope
Slide 15: Campaign to determine extent of South Junction and Bluebird commences
Campaign to determine extent of South Junction and Bluebird commences S NEW DRILLING CAMPAIGNS AT BLUEBIRD & SOUTH JUNCTION N For personal use only South Junction 2023 tested extents 300mV 1 300m strike Bluebird UG 200mV 600m strike 2 3 1. Infill known extents for FID. 4a 2. Explore strike. 3. Explo
Slide 16: Westgold continues to invest in Murchison exploration
Westgold continues to invest in Murchison exploration For personal use only Westgold controls a large, historically prolific exploration package which remains opportunity rich and under explored Westgold has a strong organic growth pipeline New targets identified along the prolific Great Fingall dol
Slide 17: Want to know more?
Want to know more? For personal use only Investor Relations kasun.liyanaarachchi@westgold.com.au Media peter.knight@westgold.com.au www.westgold.com.au ASX : WGX 17