Western Gold Resources Ltd. · ASX:WGR
Western Gold Resources — 121 Mining Investment Conference (March 2026)
18 slides from Western Gold Resources's conference presentation, Mar 10, 2026
Slide 1: Gold Duke Project
Gold Duke Project Mobilisation Activities Commenced Accelerated LOM Strategy in Place Binding Toll Milling Approvals Short timeframe Located near heart LOM Extensional ASX: WGR | westerngoldresources.com.au Agreement signed in place to production of WA Goldfields Drilling Planned
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer 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 that it is not aware
Slide 3: Company Overview
Company Overview (as at 10 February 2026) Board and Management $0.20 292,660,458 Share price Shares on issue $58.53M $5.44M 1 Market Cap Cash at Bank Gary Lyons Cullum Winn Teck Siong Wong Ryan Mount Non-Executive Managing Non-Executive Non-Executive Chairman Director Director Director Register Shar
Slide 4: Stage 1 – Compelling Financial Metrics
Stage 1 – Compelling Financial Metrics Emu Pit Eagle Pits $2.6 - 2.8M Pre-mining capital and Start-up Capital $56.1M 2 Est. Golden undiscounted Monarch Pits 3 Months cash surplus Payback Period @ A$4,500/oz Gold King Pit 42,800 oz (rec) Gold 14 Months Production Target of Total Mine Plan 686kt @ 2.1
Slide 5: 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 6: Next Steps for Gold Duke
Next Steps for Gold Duke March April May June July August Mobilisation and Site Establishment Letters of Award Signed for Production Bore Mobilisation / Drilling Site Establishment Commence and Production Mining Bore Drilling Gold Production Stage 1 - LOM Extensional Drilling Programme Stage 1 - LOM
Slide 7: Mine Operator Appointment
Mine Operator Appointment SSH Mining Australia Pty Ltd • Letters of Award executed with SSH Mining Australia Pty Ltd (subsidiary of SSH Group Ltd (ASX:SSH)) to commence pre-mining works at the Gold Duke Project, including clearing, grubbing and site establishment. • Organisation of earthmoving equip
Slide 8: Processing Solution Secured
Processing Solution Secured • Toll Milling Agreement signed with Wiluna Mining Corporation Limited (Subject to Deed of Company Arrangement) (WMC) accelerates the transition into production for the Gold Duke Project.4 • WMC’s Fully Operational - Wiluna processing plant is only 46km from the Gold Duke
Slide 9: Updated Mineral Resource Estimate
Updated Mineral Resource Estimate Measured Indicated Inferred Total Gold Duke Project global Measured, Deposit Tonnes Grade koz Tonnes Grade koz Tonnes Grade koz Tonnes Grade koz Indicated, and Inferred (JORC 2012) (000s) g/t Au (000s) (000s) g/t Au (000s) (000s) g/t Au (000s) (000s) g/t Au (000s) M
Slide 10: Stage 1 – LOM Extension Drill Program
Stage 1 – LOM Extension Drill Program 12,000m Grade Control & Infill Drilling Prospect Focus / Objective Outcome / Benefit Emu South Within approved area – ready to drill. Extension Test strong geological continuity between Optimisations at current gold prices very Emu and Eagle pits. positive. (Emu
Slide 11: Eagle Pit LOM Extensions
Eagle Pit LOM Extensions ➢ Situated immediately south of the Eagle pit, mineralisation continues for approximately 900 metres beyond the Eagle South Pit. ➢ Exploration drilling in this area has consistently intersected anomalous gold grades (>1 g/t Au), confirming mineralisation of potential signifi
Slide 12: Gold King South
Gold King South (Gold Hawk) ➢ Gold King South represents the southern continuation of the Gold King deposit, formerly referred to as Gold Hawk, and is now incorporated into the broader Gold King Resource. ➢ Both historical and recent drilling have consistently returned anomalous gold grades above 1
Slide 13: Emu South Extension
Emu South Extension (Emu / Eagle Saddle) ➢ Located between the Emu and Eagle pits, the area demonstrates strong geological continuity, indicating potential for a broader, connected mineralised system. ➢ The mineralisation has previously been captured within optimisation shells modelled at higher gol
Slide 14: Joyners Find Prospect
Joyners Find Prospect ➢ Located within the Joyners Shear Zone (~300m strike) with evidence of historic underground workings. ➢ Gold hosted in northwest-trending quartz veins with chlorite–talc and quartz–sericite alteration. ➢ High-grade BIF-hosted shoots plunge south and remain open along strike an
Slide 15: Stage 2 - Northern Projects
Stage 2 - Northern Projects Stage 2 Northern Brownfields Prospects ➢ A detailed review of the historical Gold Duke database was conducted during Stage 1 development planning. 7 ➢ The review identified additional near-mine opportunities capable of increasing contained ounces and upgrading resources t
Slide 16: Stage 2 - Southern Project
Stage 2 - Southern Project Comedy King - Location and Geology ➢ Located north of the Golden Monarch Pits, representing a northern extension of the Golden Monarch mineralised trend. ➢ Gold mineralisation hosted within quartz reefs and stockwork systems developed in banded iron formation (BIF) units.
Slide 17: Gold Duke A Clear Path Forward
Gold price at Processing Solution Updated Mineral Gold Duke record highs Secured Resource A Clear Path Forward Low Capital 3-month Payback Fully Funded to requirement Production LOM Extensional Drilling fast tracked to Accelerate Life of Mine ASX: WGR | 17
Slide 18: For more information
For more information Managing Director | Cullum Winn E: cullumw@westerngoldresources.com.au ASX: WGR | westerngoldresources.com.au 18
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