Western Gold Resources Ltd. · ASX:WGR
Western Gold Resources — Investor Presentation (October 2026)
16 slides from Western Gold Resources's investor presentation, Oct 14, 2026
Slide 1: Gold Duke Project – Expanded Scoping Study Presentation
personal use only Gold Duke Project Shallow oxide gold project in Western Australia's Goldfields with expanded 55,500oz production target Expanded Scoping Study Presentation October 2026 ASX: WGR | westerngoldresources.com.au
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer personal use only Important Information and Disclaimer Forward Looking Statements Previously Reported Results Western Gold Resources Limited (“WGR”, “Western Gold Resources” or “the This Presentation may contain forward‐looking statements which can be WGR confirms tha
Slide 3: Investment Thesis
Investment Thesis personal use only Expanded Scoping Strategic options Orebody Ready to mine Study Economics being assessed • 277,000oz Mineral • Mining approvals granted • A$72.9M undiscounted Resource • Alternative processing for four principal operating surplus at • 1.11 Mt production target depo
Slide 4: Company Overview
Company Overview personal use only (as at 13 October 2026) Board and Management 7.5c 296,284,558 $22.22M Share price Shares on Market Cap issue2 Gary Lyons Teck Siong Wong Cullum Winn Non-Executive Non-Executive Managing $2.86M 1 34.25M 2 12.0M 2 Chairman Director Director Cash at Bank Unlisted Perf
Slide 5: Gold Duke Project
Gold Duke Project personal use only Shallow oxide gold on a 25km greenstone belt • 100% owned, 35km south-west of Wiluna in the north-eastern Goldfields of Western Australia • 25km of strike along the Joyners Find greenstone belt; mineralisation within the Joyners shear zone, in shear-hosted lodes a
Slide 6: Expanded Scoping Study
Expanded Scoping Study personal use only • Expanded scoping study drives 30% uplift in gold production 1 • Resource built on 33,980 m of RC grade control and infill drilling • 18 individual pit designs, adding Gold King South, Comedy King and Joyners Find 1.11 Mt 59,700 oz @ 1.7g/t Au • Re-optimised
Slide 7: Updated Mineral Resource Estimate
Updated Mineral Resource Estimate personal use only Measured Indicated Inferred Total Deposit Tonnes Grade koz Tonnes Grade koz Tonnes Grade koz Tonnes Grade koz (000s) g/t Au (000s) (000s) g/t Au (000s) (000s) g/t Au (000s) (000s) g/t Au (000s) Gold Duke Project global Measured, + LOM Extension Eag
Slide 8: Resource Growth
Resource Growth personal use only 12,000m Grade Control & Infill Drilling • 12,000m RC grade control and infill programme at Emu, Eagle, Joyners Find and Gold King South. Approved to drill follow a confirmed processing route. • Mineralisation at Emu, Eagle and Gold King open along strike and at dept
Slide 9: Mine Plan
Mine Plan personal use only • 18 pit designs across Eagle, Emu, Golden Monarch (ten pit areas), Gold King, Gold King South, Comedy King and Joyners Find • Pit depths 17 m to 65 m; Golden Monarch averages 25m • 21 months of mining, 23 months of processing; total movement 6.85 million bcm (0.45 millio
Slide 10: Processing Pathways
Processing Pathways personal use only • Gold Duke is located within an established gold mining region containing a number of existing processing facilities • Assessment of various ore processing pathways underway including: ─ Toll treatment via existing Binding Toll Milling Agreement with Wiluna Min
Slide 11: Stage 1 – Mining Fully Approved
Stage 1 – Mining Fully Approved personal use only • Stage 1 of the Gold Duke Project has already received full mining approvals for all 18 open pits - Eagle, Emu, Comedy King, Gold King, Joyners Find and Golden Monarch - paving the way for operational commencement 1, pending decision of processing r
Slide 12: Stage 1 – Production Target by Pit
Stage 1 – Production Target by Pit1 Golden personal use only Monarch Pits Emu Pit Contained Gold Recovered Gold Target Tonnes (kt) Grade (g/t Au) (koz) (koz) Comedy King Pits 16.1 1.7 0.8 0.7 Eagle Pits Eagle Pits 293.9 1.7 16.7 15.5 Emu Pit 91.8 1.4 4.2 3.9 Gold King Pits 414.0 1.6 23.0 21.4 Joyner
Slide 13: Stage 2 – Northern Extensions
Stage 2 – Northern Extensions personal use only Stage 2 Northern Brownfields Prospects • Historical Gold Duke database review identified additional near-mine opportunities to increase contained ounces and upgrade resources to Measured and Indicated classification • Most prospects lie within the DEMI
Slide 14: Path to Cash Flow
Path to Cash Flow personal use only • Processing pathway − Assessment of various processing options to facilitate mining: Wiluna recommencement, regional plants and a company-controlled route, in parallel • Funding − A$8M to A$10M for Expanded Scoping Study case (A$5.35M pre-mining capital; A$6.8M m
Slide 15: Expanded Scoping Study Summary
Expanded Scoping personal use only Study- Summary Three processing routes 277,000 oz 55,500 oz recovered production target in progress Mineral Resource A$5.35M pre-mining 10-month payback at A$72.9M undiscounted capital $6,100/oz operating surplus 12,000m extension drilling approved and ready ASX: W
Slide 16: For more information contact
personal use only For more information contact Cullum Winn | Managing Director E: cullumw@westerngoldresources.com.au ASX: WGR | westerngoldresources.com.au
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