Westgold Resources Ltd · ASX:WGX
Westgold Resources — 2024 Denver Gold Forum
27 slides from Westgold Resources's conference presentation, Sep 16, 2024
Slide 1: 2024 Denver Gold Forum
ASX : WGX TSX : WGX For personal use only 2024 Denver Gold Forum Wayne Bramwell | MD & CEO 15 – 18 September 2024
Slide 2: Important Notices and Disclaimer
Important Notices and Disclaimer Investor Presentation Summary Information This investor presentation is dated 16 September 2024 and has been prepared by Westgold Resources Limited By reviewing or retaining these materials, or attending or participating in this presentation, you acknowledge and (ASX
Slide 3: Important Notices and Disclaimer
Important Notices and Disclaimer Forward-looking Statements The information in this presentation that relates to the Ore Reserves and Mineral Resources of Westgold has been extracted from the ASX announcement titled “Westgold 2024 Mineral Resources and Ore Reserves " released to This document contai
Slide 4: Important Notices and Disclaimer
Important Notices and Disclaimer JORC CODE It is a requirement of the ASX Listing Rules that the reporting of Ore Reserves and Mineral Resources in Australia comply with the JORC Code. Investors outside Australia should note that while Ore Reserve and Mineral Resource estimates of Westgold in this p
Slide 5: A globally investable, intermediate gold producer
A globally investable, intermediate gold producer Operating across two of Australia’s most abundant gold fields WESTERN AUSTRALIA Strong pipeline of organic Highly experienced growth options and management team and exploration targets across For personal use only board of directors two highly prolif
Slide 6: WGX - post merger value proposition
WGX - post merger value proposition +400kozpa diversified gold production portfolio, 100% unhedged LEGEND +400 kozpa Au Operating mines Processing plants Southern Gold Fields + Murchison For personal use only Western Australia Starlight Fortnum Higginsville Bluebird Beta Hunt Bluebird Murchison Lake
Slide 7: Corporate Snapshot
Corporate Snapshot Capital Structure Westgold Share Price and Volumes Traded on ASX Share Price[1] Cash & Equivalents[3] US$2.5 35M US$1.95/sh US$109m 30M US$2.0 Shares Outstanding [2] Debt[4] 25M US$1.5 20M 943.1m US$- US$1.0 15M For personal use only [1] [5] Market Capitalisation Ore Reserves 10M
Slide 8: Optionality across mines and mills
Optionality across mines and mills Five operating underground mines + 5 processing plants Operating Projects in Restart mines development opportunities 5 2 5 For personal use only Big Bell UG mine Paddy’s Flat UG mine Bluebird UG mine Great Fingall mine Murchison Starlight UG mine South Emu-Triton U
Slide 9: Simplifying the portfolio
Simplifying the portfolio Larger mines feeding largest mills - reducing costs and increasing margin For personal use only Bluebird-South Junction Beta Hunt 3,200km2 land holdings • Increase mine scale to 1.2Mtpa • Expansion to >2Mtpa • Prioritise high value • Reduce haulage from Cue • Define Fletche
Slide 10: Owner Operators – who drill
Owner Operators – who drill For personal use only ~170 pieces of heavy 16 diamond drill rigs 1,900 employees UG equipment and contractors 10
Slide 11: Growing Reserves and Resources
Growing Reserves and Resources 1 Mineral Resources Ore Reserves Measured 11% Proven For personal use only Inferred 29% 38% 13.2Moz 3.3Moz 51% 71% Indicated Probable +69% +60% 3,304 13,160 2,643 2,649 2,620 2,555 1,244 9,857 4,650 2,208 2,116 9,345 9,118 8,799 1,954 7,947 7,940 8,250 8,511 2,060 FY17
Slide 12: FY25 outlook
FY25 outlook Outputs anticipated to increase in H2 FY251 Production upside potential FY24 Guidance FY24 Actual FY25 Guidance Polar Star Lode at South For personal use only Junction Production (oz) 220,000-230,000 227,237 400,000 – 420,000 Third party ore purchase Fletcher zone AISC (US$/oz)
Slide 13: Snapshot of the Engine Rooms
Snapshot of the Engine Rooms Bluebird – South Junction Mine For personal use only Meekatharra Beta Hunt Mine Kambalda 1,900 employees and contractors 13
Slide 14: Beta Hunt – a golden opportunity
Beta Hunt – a golden opportunity Beta Hunt Mine (Kambalda, Western Australia) A premier gold mining district with +20Moz Gold endowment Situated in the heart of Gold Fields' St Ives operations For personal use only ▪ Operating nickel mine since 1970’s (by WMC) ▪ Acquired by Karora / RNC in 2016.
Slide 15: Beta Hunt – a large, under drilled gold deposit
Beta Hunt – a large, under drilled gold deposit ▪ 7km footprint ▪ Southern 3 km largely untested ▪ 4 key orebodies discovered to For personal use only date ▪ Western Flanks being the largest (~1.6Moz)1. ▪ Orebodies offset - along the Alpha Island Fault (AIF). ▪ Current Mineral Resources of 30.59Mt @
Slide 16: Fletcher Zone – The Next Western Flanks?
Fletcher Zone – The Next Western Flanks? Potential identified in 2016: not advanced until 2023. Parallel structure to the 1.6Moz Western Flanks – For personal use only same style of mineralisation ~300m to west. Outstanding early drill results returned over 2km of strike1 Fletcher Explorat
Slide 17: Maiden South Junction Ore Reserve
Maiden South Junction Ore Reserve 1 Bluebird – South Junction (Meekatharra, Western Australia) For personal use only Bluebird – South Junction Ore Reserve increased to 3.0Mt @2.8g/t Au for 277koz Updated Mineral Resource Estimate of 11Mt at 2.8g/t Au for 960koz featuring a Measured and Indicated
Slide 18: South Junction Production
South Junction Production 1 Production from South Junction commenced in August 2024 The significant width of the South Junction orebody For personal use only enables a highly productive primary / secondary transverse stoping method which will significantly increase production from the Bluebi
Slide 19: FY25 Exploration
FY25 Exploration Westgold controls ~3,200km2 of exploration tenure around its current operations (~1,200km2 in the Murchison & ~2,000km2 in Southern Goldfields) For personal use only FY25 Exploration Guidance of US$33M1 Priority Resource Definition targets: South Junction and Starlight in th
Slide 20: Exploration potential at Higginsville
Exploration potential at Higginsville WGX ~2,000km2 of tenure traversed by three key structures which regionally control +80Moz Au Boulder Lefroy Fault For personal use only Speedway Fault Zuleika Shear At Higginsville there has been limited real exploration expenditure over the last +10 y
Slide 21: WGX – Building Scale in FY25
WGX – Building Scale in FY25 Intermediate Australia is Financial Gold Producer our home Strength For personal use only Top 5 ASX / Top 10 TSX Operating in two of Robust balance sheet producer - with Australia’s most with US$109 million in production over abundant gold fields available liquidity1 400
Slide 22: Contact Information
Contact Information: Investor Relations Kasun Liyanaarachchi | Investor Relations Manager For personal use only kasun.liyanaarachchi@westgold.com.au +61 458 564 483 Thank you. Investor Relations – North America Rob Buchanan | CPIR Rob.Buchanan@westgold.com.au +1 416-309-0600 Media Peter Knight | Com
Slide 23: Safety and sustainability delivers results
Safety and sustainability delivers results Safety Sustainability Substantial reduction in Total Injury Frequency All Murchison operating mines and mills Rate (TRIFR) running on hybrid power which now can: For personal use only 22.9 Generate 82 MW (gas, battery & solar) Injuries per million hours wor
Slide 24: Mineral Resource Statement: Operating Mines
Mineral Resource Statement: Operating Mines At 30 June 2024 [1],[2] Murchison Gold Operations (Rounded for reporting) Measured Indicated Measured and Indicated Inferred Total Tonnes Ounces Tonnes Ounces Tonnes Ounces Tonnes Ounces Tonnes Ounces Project Grade Grade Grade Grade Grade ('000s) Au ('000s
Slide 25: Mineral Resource Statement: Non-Operating Projects
Mineral Resource Statement: Non-Operating Projects At 30 June 2024 [1],[2] Murchison Gold Operations (Rounded for reporting) Measured Indicated Measured and Indicated Inferred Total Tonnes Ounces Tonnes Ounces Tonnes Ounces Tonnes Ounces Tonnes Ounces Project Grade Grade Grade Grade Grade ('000s) Au
Slide 26: Ore Reserves Statement: Operating Mines
Ore Reserves Statement: Operating Mines At 30 June 2024 [1],[2] Murchison Gold Operations (Rounded for reporting) Proven Probable Total Project Tonnes ('000s) Grade Ounces Au ('000s) Tonnes ('000s) Grade Ounces Au ('000s) Tonnes ('000s) Grade Ounces Au ('000s) Big Bell UG 9,808 1.48 467 4,898 3.10 4
Slide 27: Ore Reserves Statement: Non-Operating Projects
Ore Reserves Statement: Non-Operating Projects At 30 June 2024 [1],[2] Murchison Gold Operations (Rounded for reporting) Proven Probable Total Project Tonnes ('000s) Grade Ounces Au ('000s) Tonnes ('000s) Grade Ounces Au ('000s) Tonnes ('000s) Grade Ounces Au ('000s) Big Bell District 0 0.00 0 59 2.