Westgold Resources Ltd · ASX:WGX
Westgold Resources — Q4 FY26 Earnings Presentation
23 slides from Westgold Resources's earnings presentation, Jul 22, 2026
Slide 1: June 2026 Quarterly Webcast
For personal use only June 2026 Quarterly Webcast ASX | TSX : WGX westgold.com.au
Slide 2: Important notices and disclaimer
Important notices and disclaimer Investor Presentation Corporations Act 2001 (Cth). This presentation does not constitute investment advice and has been prepared by Westgold without taking into account the recipient’s investment objectives, financial circumstances or particular needs. Each recipient
Slide 3: Important notices and disclaimer
Important notices and disclaimer Ore Reserves and Mineral Resources depend, to a certain extent, upon the analysis of drilling results and statistical inferences that may ultimately prove to be inaccurate. Mineral Resource estimates may require re-estimation based on, among other things: (i) fluctua
Slide 4: FY26 Production guidance exceeded; cost guidance met
FY26 Production guidance exceeded; cost guidance met Full Year Highlights Q4 FY26 Highlights 387koz gold production; exceeded For personal use only 98.9koz gold production; AISC $2,802/oz guidance1 1 Record mining rates at Bluebird South- AISC $2,841/oz; achieved cost guidance Junction and B
Slide 5: Production guidance beat, cost guidance met
Production guidance beat, cost guidance met Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 FY26 FY26 Guidance1 Production (oz) 83,937 111,418 93,145 98,854 387,354 345,000 – 385,000 For personal use only AISC ($/oz) 2,731* 2,902* 2,931 2,802 2,841 2,600 – 2,900 Non-sustaining capital ($M) 65 52 81 142 341 270 Expl
Slide 6: Operational results
For personal use only Operational results 6
Slide 7: Murchison performance building; costs steady
Murchison performance building; costs steady 111,418 Gold production (oz) 98,854 88,022 30,484 93,145 83,937 Southern Goldfields Murchison production lifts; 29,013 24,758 Murchison 33,211 Bluebird South Junction hits 1Mtpa 30,797 exit rate; Record mining rates at Big 80,934 74,096 64,132 Bell 54,8
Slide 8: Performance improves in Q4
Performance improves in Q4 Murchison operations outperform and deliver strong group outputs Ore Mined (Mt) Mined Grade (g/t) Ore Processed (Mt) Milled Grade (g/t) Gold Produced (koz) 1.33 2.4 1.53 1.48 1.47 2.4 2.3 111.4 1.23 1.19 2.2 2.2 2.1 1.36 2.1 2.1 98.9 For personal use only 1.15 93.1 83.9 Q1
Slide 9: Hub performance
Hub performance Hub performance Fortnum Hub Meekatharra Hub Cue Hub Higginsville Hub 1 Fortnum Mill – 0.9Mtpa Bluebird Mill - 1.8Mtpa Tuckabianna Mill – 1.4Mtpa Higginsville Mill – 1.6Mtpa For personal use only Feed: Starlight UG & Fortnum Feed: Bluebird-South Junction UG, Feed: Big Bell UG, Great F
Slide 10: Financial results
For personal use only Financial results 10
Slide 11: Strong cash generation whilst funding growth
Strong cash generation whilst funding growth Gold sold (koz) Realised gold price ($/oz) AISC ($/oz) Net mine cash flow Closing Cash, Bullion & ($M) Investments ($M) 115.2 110.3 7,080 2,902 2,931 2,802 265 939 6,356 6,391 2,731 254 856 94.9 For personal use only 5,296 654 69.9 159 133 472 Q1 Q2 Q3 Q4
Slide 12: $233M underlying cash build
$233M underlying cash build 1 Treasury Movement ($M) +$83M 939 For personal use only 856 (18) 55 (20) 160 (13) (56) 109 (79) (225) 112 (64) 664 667 (11) (22) 25 282 (152) 479 Operating Working Capital Non-Sustaining Capex & Exploration Opening Bullion Closing Bullion Investments2 Operating Cashflow
Slide 13: Shareholder returns increasing
Shareholder returns increasing Increasing shareholder returns FY26 on-market share buy-back1 FY26 Dividend announcement expected in August 2026 Maiden buyback TBD For personal use only $28.3M $1,539M (3cps) Up to 5% share buy-back approved $614M $463M Undertaken over 12 months $10.3M $26.6M (2
Slide 14: Exploration and corporate update
For personal use only Exploration and corporate update 14
Slide 15: Investing in the drill bit
Investing in the drill bit Murchison Southern Goldfields Beta Hunt 16 x8 x1 UG Diamond Drills Starlight Paddy’s Flat x3 For personal use only x1 Bluebird-South Junction x3 x2 5 Surface Diamond Drill Albury Heath & Golden Shamrock1 Big Bell x1 x1 x1 1 Great Fingall Surface RC Drill x1 1. MOPP – Murch
Slide 16: Portfolio simplification brought forward ~$195M
Portfolio simplification brought forward ~$195M1 Fortnum Hub For personal use only Higginsville Hub Meekatharra Hub Counter cyclical divestment phase now complete 1. Calculated as the upfront value of the Mt Henry-Selene divestment at completion of $80M (16 February 2026) plus the value of Westgold’
Slide 17: Bigger mills drive stronger economics
Bigger mills drive stronger economics Higginsville expansion Studies nearing completion Higginsville Cue Low capex option with potential for rapid payback For personal use only Meekatharra Open pit drilling building case for a larger mill at Meekatharra Orders placed for long lead items EPC
Slide 18: Westgold – building value; delivering the plan
Westgold – building value; delivering the plan A leading Australian gold producer 387koz produced in FY26 All Australian – multi-mine production within a Tier 1 jurisdiction Four established, profitable processing hubs in Western Australia with ~5.7Mtpa capacity For personal use only Clear organic g
Slide 19: A debt free, unhedged Australian gold miner with momentum…
For personal use only Investor Relations Media Kasun Liyanaarachchi Annette Ellis Group Manager Investor Relations & Communications Manager Corporate Affairs Kasun.Liyanaarachchi@westgold.com.au Annette.ellis@westgold.com.au +61 458 564 483 +61 458 200 039 A debt free, unhedged Australian gold miner
Slide 20: Mineral Resource Statement: Operating Mines
Mineral Resource Statement: Operating Mines At 30 June 2025[1] 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) ('0
Slide 21: Mineral Resource Statement: Non-Operating Projects
Mineral Resource Statement: Non-Operating Projects At 30 June 2025[1] 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 ('00
Slide 22: Ore Reserves Statement: Operating Mines
Ore Reserves Statement: Operating Mines At 30 June 2025[1] 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 4,997 1.71 275 4,776 2.90 446 9,
Slide 23: Ore Reserves Statement: Non-Operating Projects
Ore Reserves Statement: Non-Operating Projects At 30 June 2025[1] 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 75 2.76 7