Western Gold Resources Ltd. · ASX:WGR
Western Gold Resources — Corporate Update (June 2025)
17 slides from Western Gold Resources's corporate update, Jun 19, 2025
Slide 1: Binding Milling Agreement Fast Tracks Gold Duke into Production
Binding Milling Agreement Fast Tracks Gold Duke into Production ASX: WGR | westerngoldresources.com.au Binding Toll Milling Approvals Short timeframe Located near heart Well developed Agreement signed in place to production of WA Goldfields shallow resource 1
Slide 2: Disclaimer
Disclaimer Important Information and Disclaimer Forward Looking Statements Compliance statement Western Gold Resources Limited (“WGR”, “Western Gold This Presentation may contain forward‐looking statements which Information relating to the mineral resource estimates, Resources” or “the Company”) is
Slide 3: Company Overview
Company Overview Capital Structure - at 16 June 2025 Board and Management $0.09 214,381,315 Share Price Shares on issue $19.29M Gary Lyons Cullum Winn Teck Siong Wong Ryan Mount Market Cap Non-Executive Chairman Managing Director Non-Executive Director Non-Executive Director Share Price Toll Mining
Slide 4: Binding Milling Agreement Fast Tracks Gold Duke into Production
Located near heart Binding Toll Mining Approvals in place of WA Goldfields Agreement signed Binding Milling Agreement Fast Tracks Preferred contractor Strong Gold Price Short timeframe Gold Duke with payment plans to production into Production Low capital Cashflow to High potential for requirements
Slide 5: Toll Milling Agreement
Toll Milling Agreement • Toll Milling Agreement signed with Wiluna Mining Corporation Limited (WMC) (Subject to Deed of Company Arrangement) accelerates the transition into production for the Gold Duke Project.9 10 • WMC’s Fully Operational - Wiluna processing plant is only 46km from the Gold Duke P
Slide 6: Next Steps to Production
Next Steps to Production June July August September October November December Binding Updated Scoping Study Toll Milling Agreement Grade Control Executed 13th June Resource Modelling 2025 FID for Gold Duke Project Commence Mobilisation and Site Established ASX: WGR | 6
Slide 7: Update of Scoping Study
Emu Pit Update of Scoping Study Eagle Pits • WGR is well advanced in updating its Scoping Study, which previously reported a 617% IRR at a A$3,500 gold price, with current gold prices now exceeding ~A$5,100 10. • The current Scoping Study production target of 447Kt at 2.55 g/t Au for 34,000 oz gener
Slide 8: Stage 1 – Fully Approved
Stage 1 – Fully Approved • WGR is now firmly positioned among Australia’s leading junior gold developers, having secured all key approvals necessary to advance towards production. • Stage 1 of the Gold Duke Project has already received full mining approvals for all four open pits - Eagle, Emu, Gold
Slide 9: Key Milestone for Preferred Mining Contractor Agreement Achieved
Key Milestone for Preferred Mining Contractor Agreement Achieved WGR has issued a non-binding notice to SSH Group Limited (ASX:SSH), selecting them as the preferred mining contractor for the Gold Duke Project in Western Australia. • The first key internal milestone required for the MSA — the executi
Slide 10: Project Resource
Project Resource Measured Indicated Inferred Total Deposit Tonnes Grade koz Tonnes Grade koz Tonnes Grade koz Tonnes Grade koz Updated Resource Gold Duke Project (000s) g/t Au (000s) (000s) g/t Au (000s) (000s) g/t Au (000s) (000s) g/t Au (000s) global Measured, Indicated, and Inferred Eagle 310 2.5
Slide 11: Brownfields Exploration to Expand Production Profile
Brownfields Exploration to Expand Production Profile Stage 2 Prospects • The company has commenced a detailed review of the historical Gold Duke database in the lead up to progressing Stage 1 of the project into production8. • Current works identify the potential to expand Gold Duke’s production pro
Slide 12: Joyners Find Prospect
Joyners Find Prospect Location and Geology • Located within the Joyners Shear Zone, with 300m strike & historic underground mining. • NW-trending quartz vein hosts mineralisation. • Chlorite-talc alteration & quartz-sericite veining observed in drilling. • High-grade BIF-hosted shoots plunge souther
Slide 13: Gold King / Golden Monarch Saddle
Gold King / Golden Monarch Saddle Location and Geology • Located within the Joyners Shear Zone, a key structural corridor for gold mineralisation. • Positioned between Gold King and Golden Monarch pits, suggesting broader mineralised system with geological continuity. • Close proximity to mine infra
Slide 14: Emu / Eagle Saddle
Emu / Eagle Saddle Location and Geology • Located within the Joyners Shear Zone, a key structural corridor for gold mineralisation. • Positioned between Emu and Eagle pits, suggesting broader mineralised system with geological continuity. • Close proximity to mine infrastructure (haul road, workshop
Slide 15: Bottom Camp Prospect
Bottom Camp Prospect Location and Geology • Situated along the Brilliant Shear Zone, a key structural feature. • Gold mineralisation hosted in quartz reefs & stockworks within banded iron formation (BIF) units. Historical Mining & Production • Joyners Find Greenstone Belt: Gold exploration dates bac
Slide 16: Gold Duke: A Clear Path Forward
Gold price at Toll Milling Approvals in place Gold Duke : record highs Agreement signed A Clear Path Forward Modest capital Short time frame Cashflow to requirement to production fund growth Very advanced gold project in the heart of the WA Goldfields with potential to add to production profile in a
Slide 17: For more information
For more information Managing Director | Cullum Winn E: cullumw@westerngoldresources.com.au ASX: WGR | westerngoldresources.com.au 17
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