Westgold: Quarterly Announcement

Investor webinar replay

Meeting Overview The meeting focused on the key highlights from Q1 of fiscal year 2025 for West Gold, particularly following the merger with Karora Resources. Discussion points included production metrics, cost management strategies, and integration plans for the Southern Goldfields assets. Key Discussion Points - Overview of Q1 fiscal year 2025 performance, highlighting the merger with Karora Resources. - Production figures: 77,000 ounces produced, with potential normalization to 90,000 ounces. - Increased all-in sustaining costs of $2,422 per ounce compared to previous quarter. - Challenges faced at Beta Hunt mine, including labor shortages and water management issues. - Initiatives to reduce costs and improve efficiency, including renegotiating contracts and increasing in-house operations. Decisions Made - No explicit decisions recorded. Action Items & Next Steps - [Unassigned] : Continue to monitor and report on production metrics and cost management initiatives. - [Unassigned] ...

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[Speaker identities could not be resolved; generic labels used] [00:07] Speaker 1: Hello everyone and thank you for joining us for this live Westcoast event. Today we are joined [00:12] Speaker 1: by Wayne Bramwell, Managing Director and CEO. [00:15] Speaker 1: For those who attended our previous session, we will follow a similar format where I will be leading the discussion with Wayne while incorporating your questions throughout. [00:23] Speaker 1: So please feel free to submit your questions in the bottom right corner using the chat box there. [00:28] Speaker 1: This event is being recorded and will be available for replay afterwards. [00:32] Speaker 1: With that, [00:33] Speaker 1: we look forward to your questions and let's begin. Wayne, thank you for doing this. Could you please walk us through the key highlights from Q1 of fiscal year 2025? [00:43] Speaker 2: Thanks very much, Kyle. Thanks for everyone to patch in today. [00:48] Speaker 2: We work to a financial year in Australia, so we always talk about Q1 being the September quarter. The September quarter for West Gold, we speak to as being both [01:00] Speaker 2: transformational and transitional. [01:01] Speaker 2: It was transformational [01:03] Speaker 2: because we closed the merger with [01:05] Speaker 2: Karora Resources on 1 August. [01:09] Speaker 2: What we did by doing that effectively created a $1.4 [01:14] Speaker 2: billion merger, which now makes West Gold a $3 billion company. [01:19] Speaker 2: We speak, that was the transformation during the quarter. The transitional part is really the fact that for this quarter, 3 months, we were only [01:28] Speaker 2: responsible and accountable for the Karora assets for 2. So it's a weird quarter to look at in terms of production, whereby we had 3 month...