Announcement PDF MANAGEMENT’S DISCUSSION AND ANALYSIS Three and Twelve Months Ended 30 June 2024 CONTENTS MANAGEMENT’S DISCUSSION AND ANALYSIS ........................................................................ 1 HIGHLIGHTS Q4 FY24 and YTD FY24 ....................................................................................... 2 Introduction ........................................................................................................................................... 2 Key Growth Highlights ............................................................................................................................ 3 DESCRIPTION OF BUSINESS ................................................................................................... 4 Business Values ..................................................................................................................................... 5 ENVIRONMENTAL AND SOCIAL GOVERNANCE (ESG)................................................................ 5 Our People, Safety, Health, and the Environment .................................................................................... 5 OVERALL PERFORMANCE AND OPERATING RESULTS Q4 FY24 and YTD FY24 ............................. 7 Operating Data ....................................................................................................................................... 7 Group Performance ............................................................................................................................... 7 Exploration and studies .......................................................................................................................... 9 Operating Costs ..................................................................................................................................... 9 Capital Expenditure ............................................................................................................................... 9 Bryah Operation Review ........................................................................................................................ 11 Murchison Operations Review ............................................................................................................... 13 EXPLORATION ......................................................................................................................17 FINANCIAL RESULTS .............................................................................................................21 Income Statement ................................................................................................................................ 22 Financial Position at 30 June 2024 .......................................................................................................... 23 Gold Hedging ........................................................................................................................................ 23 Dividend Policy ..................................................................................................................................... 23 Liquidity and Capital Resources ............................................................................................................ 24 OUTLOOK.............................................................................................................................26 Guidance .............................................................................................................................................. 26 OUTSTANDING SHARE DATA ..................................................................................................26 Off-Balance Sheet Arrangements ........................................................................................................... 26 Transactions Between Related Parties ................................................................................................... 27 Proposed Transactions.......................................................................................................................... 27 Subsequent Events ............................................................................................................................... 27 Critical Accounting Policies and Estimates ............................................................................................ 28 Non-IFRS Measures ............................................................................................................................... 28 Cautionary Statement Regarding Forward Looking Information ............................................................... 29 Cautionary Note to U.S. Readers Regarding Estimates of Resources ....................................................... 31 Qualified Persons & Disclosure of Technical Information ........................................................................ 32 Cautionary Statement Regarding Risks .................................................................................................. 32 Management’s Discussion and Analysis Three and Twelve Months Ended 30 June 2024 i FIGURES Figure 1: Sixth consecutive quarter of Cash, Bullion and Liquids build ($M) ................................................. 3 Figure 2: Westgold continues to improve its TRIFR, which in Q4 FY24 dropped to 6.85/million hours worked .................................................................................................................................................... 6 Figure 3: Westgold’s Bryah Operation...................................................................................................... 11 Figure 4: Westgold’s Murchison Operation .............................................................................................. 14 Figure 5: Bluebird schematic long-section showing significant intersections. ........................................... 15 Figure 6 : FY24 Priority exploration targets.............................................................................................. 18 TABLES Table 1: Westgold’s Operating Performance .............................................................................................. 7 Management’s Discussion and Analysis Three and Twelve Months Ended 30 June 2024 ii MANAGEMENT’S DISCUSSION AND ANALYSIS The following Management’s Discussion and Analysis (“MD&A”) represents significant factors and information management deems essential for understanding the consolidated financial condition and operational performance of Westgold Resources Limited and its subsidiaries (“Westgold” or the “Company”) and of the Consolidated Entity, being the Company and its controlled entities (the “Group”), for the three months (“Q4 FY24”) and twelve months (“YTD FY24”) ended 30 June 2024. This MD&A should be read alongside the Company’s Quarterly Activity Reports lodged with the Australian Securities Exchange (“ASX”) and the Audited Consolidated Financial Report and related notes for the year ended 30 June 2024. The Audited Consolidated Financial Report have been prepared in accordance with Australian Accounting Standards as issued by the Australian Accounting Standards Board (“AASB”), which also comply with International Financials Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board. The Unaudited Interim Condensed Financial Report have been prepared in accordance with AASB 134 Interim Financial Reporting. This MD&A includes certain forward-looking statements, with reference made to the “Cautionary Statement Regarding ForwardLooking Information” located at the end of this document. For the purpose of preparing this MD&A, management, together with the Company’s board of directors, regards information as material if: (i) such information results in, or would reasonably be expected to result in, a significant change in the market price or value of the Company’s common shares; or (ii) there is a substantial likelihood that a reasonable investor would consider it important in making an investment decision. Additional information related to the Company, can be viewed on the ASX website (www.asx.com.au) and the Company’s website (www.westgold.com.au). This MD&A includes certain non-IFRS measures. The Company believes that these measures provide investors with enhanced ability to evaluate the underlying performance of the Company. Non-IFRS measures should not be considered in isolation or as a substitute for performance measures prepared in accordance with IFRS. Non-IFRS measures do not have any standardised meaning prescribed under IFRS, and therefore they may not be comparable to similar measures presented by other issuers. All dollar figures stated herein are expressed in Australian dollars (“AUD”) and Millions of dollars are expressed in (“M”), except for per share or per ounce amounts or unless otherwise specified. Information contained herein is presented as at 30 June 2024, unless otherwise indicated. The issue date of this MD&A is 28 August 2024. Management’s Discussion and Analysis Three and Twelve Months Ended 30 June 2024 1 HIGHLIGHTS Q4 FY24 and YTD FY24 Introduction Westgold operates across the Murchison and Bryah regions of Western Australia. The Murchison Operations incorporates three underground mines (Big Bell, Fender and Bluebird) and two processing hubs (Tuckabianna Processing Hub and Bluebird Processing Hub) and the Bryah Operations incorporates one underground mine (Starlight) and one Processing Hub (Fortnum Processing Hub). • Production: Gold produced in Q4 FY24 of 52,795oz was in-line with the three months ended 31 March 2024 (“Q3 FY24”) of 52,100oz. YTD FY24 Production of 227,237oz was below the previous twelve months ended 30 June 2023 (“YTD FY23”) production of 257,116oz, largely due to inclement weather and cessation of mining activities at the Paddy’s Flat Underground mine. • Revenue: In Q4 FY24, 58,575oz of gold was sold at an achieved gold price of $3,493/oz generated $205M in revenue. This was higher than the $148M generated in Q3 FY24, in which 47,035oz were sold at an achieved gold price of $3,137/oz. The difference in revenue was predominately due to the increase in bullion on hand at the end of Q3 FY24 sold during in Q4 FY24, combined with the higher achieved gold price. Revenue for YTD FY24 of $714M is higher than YTD FY23 of $654M due to Westgold being free of any fixed forward sales contracts and continuing to be favorably exposed to the elevated spot prices. • Production and Processing Costs: Total ore processed in Q4 FY24 - 862,889t and YTD FY24 - 3,481,765t (Q3 FY24 - 865,702t and YTD FY23 - 3,625,035t) at an average grade for Q4 FY24 - 2.1g/t Au and YTD FY24 - 2.3 g/t Au (Q3 FY24 - 2.1g/t Au and YTD FY23 - 2.5g/t Au). Group All-In Sustaining Costs (“AISC”) in Q4 FY24 - $111M (Q3 FY24 – $130M) decreased quarter on quarter by $19M and YTD FY24 - $495M (YTD FY23 – $514M) decreased year on year by $19M. These decreases was driven predominantly by the underperformance and cessation in mining at Paddy’s Flat, with Paddy’s Flat transitioning to an exploration phase in Q3 FY24, along with the cost savings associated with the new power plants. • Cash Costs per Ounce Produced: The average for Q4 FY24 of $1,650/oz is lower compared to Q3 FY24 of $2,091/oz. This was mainly driven by cessation of mining at Paddy’s Flat and the slightly higher production of 52,795oz in Q4 FY24. The average for YTD FY24 of $2,178/oz is higher than prior YTD FY23 average of $1,999/oz due to the lower ounces produced. • AISC per Ounce Produced: The AISC for Q4 FY24 of $2,105/oz decreased from Q3 FY24 of $2,492/oz due to stockpile build-ups at Starlight and Big Bell, the cessation of mining at Paddy’s Flat at the end of Q3 FY24 and a slightly higher quarter on quarter production. The AISC for YTD FY24 of $2,178/oz increased from YTD FY23 of $1,999/oz predominately from the lower ounces produced due to the underperformance and cessation in mining at Paddy’s Flat. • Mine Operating Cash Flow: With the achieved gold price in Q4 FY24 of $1,388/oz over AISC (Q3 FY24 – $645/oz over AISC), Westgold’s operations generated $16M of mine operating cashflows in Q4 FY24. For YTD FY24 this was $957/oz over AISC (YTD FY23 - $557/oz) generating $71M of mine operating cashflows. Management’s Discussion and Analysis Three and Twelve Months Ended 30 June 2024 2 • Cash and Bullion: Westgold added in Q4 FY24 $16M and YTD FY24 $71M in cash and bullion, closing the quarter and year with $263M. This marks the sixth consecutive quarter of cash build, demonstrating consistent positive financial performance by Westgold. Figure 1: Sixth consecutive quarter of Cash, Bullion and Liquids build ($M) Key Growth Highlights Westgold to merge with Karora On 8 April 2024, Westgold and Karora Resources Inc. (“Karora”) announced that they have agreed to combine in a merger (the “Transaction”), pursuant to which Westgold will acquire 100% of the issued and outstanding common shares of Karora by way of a statutory plan of arrangement under the Canada Business Corporations Act (the “CBCA”). The Transaction represents a transformational step change in growth for both Westgold and Karora shareholders, creating a globally investable, mid-tier gold producer operating exclusively in Western Australia which is fully leveraged to the prevailing gold price. The proposed combination represents a highly complementary merger of cash generating mining and processing assets, people and balance sheet. For more information on the Transaction, please refer to ASX release titled “A New 400kozpa Australian Gold Producer” – 8 April 2024 Other Corporate Highlights • Significant increase in Mineral Resources at Starlight following an intensive resource definition campaign. Total Mineral Resource now 590koz post depletion – up by 41% and 21% increase in Measured and Indicated Mineral Resource available for Ore Reserve studies. The Waterbore Zone within Starlight underground emerging as a potential new mining front - better results returned from Waterbore Zone this quarter include: • 6.46m at 17.2 g/t Au from 136.5m in WB1270RD02 Management’s Discussion and Analysis Three and Twelve Months Ended 30 June 2024 3 • 2.2m at 27.35 g/t Au from 72.4m in WB1270RD17; and • 4.18m at 8.28 g/t Au from 278.9m in WB1270RD18. • South Junction Resource Definition Exploration Program Westgold recently released an updated Mineral Resource Estimate (MRE) for Bluebird - South Junction of 6.4Mt @ 3.1g/t Au for 827Koz Au representing an outstanding 134% increase. This updated MRE, only included a single South Junction hole drilled during 2024 (10.45m at 3.80g/t Au from 788m and 3.98m at 10.80g/t Au from 894.49m in 24SJDD001), with subsequent drilling continuing to return exciting results. South Junction hosts numerous mineralised zones broadly located on sub-parallel northnortheasttrending structures. These zones from west to east are, Edin Hope, South Junction, Polar Star and Archenar. These zones are offset from the East, Central and Western lodes at Bluebird, with the interaction between the two poorly understood due to a lack of drilling. The current drilling program aims to investigate mineralisation in the link zone between Bluebird and South Junction and explore the down-plunge (grid south) potential. An expansion of this mine could see ore production from the Bluebird mine increase from the current rate of ~500ktpa via its existing two declines through the addition of a new decline into South Junction. DESCRIPTION OF BUSINESS Westgold is a progressive and innovative gold producer with a large and strategic land package in the Murchison and Bryah regions of Western Australia. Within the Murchison regions (the “Murchison Operations”), Westgold operates around the regional town of Cue, which encompasses the mining centres of Big Bell, Cuddingwarra, Day Dawn and Tuckabianna (the “Cue Gold Operations”) and the regional town of Meekathara, which encompasses the mining centres of Meekathara North, Paddy’s Flat, Yaloginda, Nannine and Reedy’s (the “Meekatharra Operations”). The Cue Gold Operations include the Company’s large Big Bell sub-level caving underground mine (“Big Bell”), the smaller scale Fender long hole open stoping mine (“Fender”), a new long hole open stoping mine Great Fingall (“Great Fingall”), and the Tuckabianna Processing Hub (“Tuckabianna Processing Hub”). The Meekatharra Operations includes the Company’s Bluebird underground hole open stoping operation (“Bluebird”), 1.6-1.8Mtpa Bluebird Processing Hub (the “Bluebird Processing Hub”), and until recently, the Paddy’s Flat operation (the “Paddy’s Flat Operation”). Within the Bryah region (the “Bryah Operations”), Westgold operates across the mining centers of Labouchere, Fortnum, Horseshoe and Peak Hill (the “Fortum Operations”). The Fortum Operations includes the starlight underground mine (“Starlight”) Fortum Processing Hub (“Fortnum Processing Hub”). The gold endowment of the region is extensive with the Murchison region being one of the largest historic goldfields in Western Australia. To date, the Murchison Operations have produced more than 10 million ounces of gold with Westgold reporting a total Mineral Resource of 8.3 million ounces and 2.0 million ounces of gold in Ore Reserves in compliance with JORC Code 2012 (“JORC”). During FY23, Westgold consolidated its operations to four underground mines and three processing plants and produced 257,116 ounces of gold from its Bryah Operations and Murchison Operations. Management’s Discussion and Analysis Three and Twelve Months Ended 30 June 2024 4 Business Values Westgold is committed to upholding the highest standards of ethical conduct and responsible mining practices. Westgold’s core values are deeply integrated into Westgold’s daily operations and strategic decisions, guiding Westgold’s actions and ensuring we maintain our reputation as a leader in the mining industry. These values include: • Choose Safety: o Think safety and act safely; o Look out for each other; o Protect our environment. • Show Respect o Appreciate everyone for who they are and what they contribute; o Enable everyone to do a great job; o Grow strong teams and communities. • Deliver Value o Plan to succeed as a team; o Execute with excellence; o Rise to the challenge and keep on improving. These values not only define who we are as a company but also drive Westgold’s approach to business and Westgold’s relationships with stakeholders. By adhering to these principles, Westgold aims to continue building a resilient and sustainable mining operation. ENVIRONMENTAL AND SOCIAL GOVERNANCE (ESG) In Q4 FY24, the Westgold Sustainability Committee (Board Sub-committee) approved Westgold’s ESG Framework for implementation, fully supporting the Company’s growth ambitions, systems development, continuous improvement strategies and adoption of sustainable practices. Our People, Safety, Health, and the Environment Westgold continued improvement key ‘People’ metrics in FY24. Employee turnover continues to decrease quarter on quarter following improvements to the Company’s employee benefits programmes in Q2 FY24, while Indigenous employment and new-starters increased over the same period. Westgold is committed to attracting and retaining talent with a renewed focus on improving our recruitment and leadership training processes. Safety performance continued to improve, with TRIFR for the quarter of 6.85 injuries per million hours worked, representing a reduction of 6.20% quarter on quarter and 18% for the full year. High Potential Event frequency increased marginally, and Lost Time Injuries reduced for the quarter. The Company’s Significant Psychosocial Harm Events and Significant Environmental Incident Frequency Rates remained at 0.00 with no events reported for the period. Management’s Discussion and Analysis Three and Twelve Months Ended 30 June 2024 5 Figure 2: Westgold continues to improve its TRIFR, which in Q4 FY24 dropped to 6.85/million hours worked Management’s Discussion and Analysis Three and Twelve Months Ended 30 June 2024 6 OVERALL PERFORMANCE AND OPERATING RESULTS Q4 FY24 and YTD FY24 Operating Data Westgold’s quarterly physical and financial outputs for the Three and Twelve Months Ended 30 June 2024 and prior corresponding periods are summarised in Table 1 below. Table 1: Westgold’s Operating Performance Three Months Ended Operating Performance Gold Operations (Consolidated) Tonnes milled (t) Recoveries Gold milled, grade (g/t Au) Gold produced (ounces) Gold sold (ounces) Average realised price ($/oz sold) Cash operating costs ($/oz produced)1 All-in sustaining cost (AISC) ($/oz sold)1 Gold (Murchison) Tonnes milled (000s) Gold milled, grade (g/t Au) Gold produced (ounces) Gold sold (ounces) Cash operating cost ($/oz produced)1 All-in sustaining cost (AISC) ($/oz sold)1 Gold (Bryah) Tonnes milled (000s) Gold milled, grade (g/t Au) Gold produced (ounces) Gold sold (ounces) Cash operating cost ($/oz produced)1 All-in sustaining cost (AISC) ($/oz sold)1 1. Twelve Months Ended Q4 FY24 30 Jun 2024 Q3 FY24 31 Mar 2024 Q2 FY24 31 Dec 2023 Q4 FY23 30 June 2023 YTD 30 Jun 2024 YTD 30 Jun 2023 862,889 89% 2.1 52,795 58,575 $3,493 $1,555 $2,105 865,720 89% 2.1 52,100 47,035 $3,137 $2,091 $2,492 871,721 89% 2.4 59,238 59,961 $3,041 $1,919 $2,245 918,176 90% 2.6 68,377 66,577 $2,721 $1,614 $1,780 3,481,765 89% 2.3 227,237 227,691 $3,135 $1,711 $2,178 3,625,035 90% 2.5 257,116 256,009 $2,556 $1,706 $1,999 672,190 1.8 33,893 39,896 $1,862 $2,454 679,878 2.0 39,140 34,175 $2,144 $2,569 672,151 2.3 43,372 43,622 $2,019 $2,407 723,607 2.7 55,165 53,623 $1,576 $1,662 2,708,874 2.2 168,485 170,078 $1,790 $2,281 2,822,282 2.5 203,382 202,026 $1,686 $1,971 190,699 3.2 18,902 18,679 $1,004 $1,480 185,842 2.3 12,960 12,860 $1,928 $2,254 199,570 2.6 15,866 16,339 $1,646 $1,804 194,569 2.2 13,212 12,954 $1,771 $2,271 772,891 2.5 58,752 57,613 $1,483 $1,883 802,753 2.2 53,735 53,983 $1,780 $2,103 Non-IFRS: The definition and reconciliation of these measures are included in the “Non-IFRS Measures” section of this MD&A. Group Performance Westgold processed: • Q4 FY24 - 862,889t (Q3 FY24 - 865,720t) of ore in total at an average grade of Q4 FY24 - 2.1g/t Au (Q3 FY24 - 2.1g/t Au), producing Q4 FY24 - 52,795oz of gold (Q3 FY24 – 52,100oz). Gold production was slightly higher than the previous quarter predominantly due to exceptional results from Starlight. Management’s Discussion and Analysis Three and Twelve Months Ended 30 June 2024 7 • YTD FY24 - 3,481,765t (YTD FY23 - 3,625,035t) of ore in total at an average grade of YTD FY24 2.3g/t Au (YTD FY23 - 2.5g/t Au), producing YTD FY24 - 227,237oz of gold (YTD FY23 257,116oz). Gold production was lower than the previous quarter predominantly due to the underperformance and cessation of mining at Paddy’s Flat. Group AISC: • Q4 FY24 - decreased quarter on quarter to $111M (Q3 FY24 - $130M). The $19M decrease was driven predominantly by the lower consumption of stockpiles across the Group due to stockpile build-ups at Starlight and Big Bell in addition to the cessation of mining at Paddy’s Flat, with the mine transitioning to an exploration phase in March 2024. • YTD FY24 - decreased year on year to $495M (YTD FY23 - $514M). The $19M decrease was driven predominantly by the lower consumption of stockpiles across the Group due to stockpile build-ups at Starlight and Big Bell in addition to the cessation of mining at Paddy’s Flat, with the mine transitioning to an exploration phase in March 2024. These cost benefits were offset by higher stockpile drawdown, unplanned mill maintenance associated with the crusher failures at the Tuckabianna Processing Hub and Fortnum Processing Hub and sustaining capital associated with the existing operating underground mines. For Q4 FY24 on a mine by mine basis: • Starlight had a stellar quarter - producing 149kt of ore at 3.9g/t Au for 19koz. The large Nightfall stope planned for production early in the quarter2 delivered to expectations and contributed to the quarter-on-quarter production improvement. With the next stope in the current level now fired and the high-grade structure having been exposed on the next two mining levels during the quarter, Nightfall is expected to continue delivering strong production results. Development is continuing to accelerate with the top down and bottom-up access to the Nightfall area which is expected to increase Nightfall mining rates.. • Bluebird produced 96kt of ore mined at 3.6g/t Au for 11koz - improvements in mine dilution have continued to have positive outcomes, however production was slightly down on the previous quarter as the mine will now transition the plan to the large bulk mining areas in South-Junction over the coming half. This will allow a re-optimisation of the Bluebird mining areas and materially increase outputs. • Big Bell produced 319kt of ore mined at 1.9g/t Au for 19koz, a record output on tonnes - ore tonnes mined were higher than the previous quarter and mined grades were in line with the prior quarter as mining continued to focus on the lower grade southern side of the cave. The next level, the 710 commenced during the quarter, which allowed the North side to re-start, albeit at comparatively low mining rates. Decline development for Big Bell Deeps (the long hole open stoping mine) continues with production anticipated to commence in late H1 FY25. Paste infrastructure works are well advanced with surface holes completed, paste plant supply and install contract executed and underground infrastructure works progressing. • Fender delivered 74kt of ore at 2.3g/t Au for 6koz – the ramp up has continued with the mine now at steady state and commercial production achieved on 1 July. Management’s Discussion and Analysis Three and Twelve Months Ended 30 June 2024 8 • Great Fingall Development Project - is well progressed with the decline advancing ahead of schedule. The initial drilling supporting early access to mineralisation in the shallower portions of the mine were completed during the quarter. Exploration and studies Westgold continued to invest in drilling with up to thirteen underground and surface drill rigs operating across the business during the quarter, along with purchasing a further six new machines to increase overall drilling capacity. The Exploration team’s focus remains the extension of mine planning horizons in the four key operating mines and the definition of opportunities in the shallow, upper areas of Great Fingall. Westgold has extensive organic growth opportunities. Optimisation studies continue on previously paused assets, along with work on other near mine opportunities in the existing mines. A shallow mining opportunity in the upper areas of Great Fingall that has the potential to be accessed without impacting the decline advance to the virgin ore at depth. Operating Costs Group AISC decreased in Q4 FY24 - $111M vs Q3 FY24 - $130M and YTD FY24 - $495M vs YTD FY23 $514M), driven by: • Stockpile consumption decreases - Build-up of ~19kt of high-grade stockpiles at Starlight due to Fortnum processing hub blending high grade ore with low grade stockpiles to maintain recoveries and Big Bell building ~64kt mined ore stockpiles due to rain intermittently impacting the ability to haul to the Bluebird processing hub. This conversely resulted in stockpile drawdowns with higher consumption of open pit and low-grade stockpiles at the Bluebird processing hub. Overall, across the Group there was a lower consumption of stockpiles (Q4 FY24 $0.9M vs Q3 FY24 $10.1M drawdown). • Mining costs decreases - cessation of mining at Paddy’s Flat in Q3 with ~$8M in associated mining costs not incurred in Q4. Capital Expenditure Capital expenditure were higher during Q4 FY24 of $64M (Q3 FY24 - $34M) and YTD FY24 of $157M (YTD FY23 - $72M) due to: • acceleration of the Great Fingall development and Big Bell expansion - including paste plant infrastructure along with development of all infrastructure drives underground; • delayed commercial production of the Fender underground mine to 1 July 2024 - following early delays with power infrastructure and flooding; • accelerated expansion of the existing underground mines – including Bluebird (early works expansion activities on the ventilation systems, development of drill platforms and access for the South Junction lodes) and Starlight (additional jumbo for the expansion at the Nightfall lode); • processing facilities upgrades - tailings storage facilities, girth gears, CIL tanks and agitators) and; Management’s Discussion and Analysis Three and Twelve Months Ended 30 June 2024 9 • camp infrastructure improvements - camp expansion at Big Bell and construction of recreational facilities. Exploration and resource development spend was approximately $8M for the quarter (Q3 FY24 - $6M), resulting in the full year spend totalling $25M (YTD FY23 $19M) as per the FY24 exploration expenditure guidance. Westgold continues to invest in exploration with up to 13 underground and surface drill rigs operating across the business during the quarter. Management’s Discussion and Analysis Three and Twelve Months Ended 30 June 2024 10 Bryah Operation Review Westgold’s Bryah Operations, consisting of the Fortum Operations, is underpinned by Starlight supplying ore to the Fortnum Processing Hub. Throughput at the Fortum Processing Hub is also supplemented with previously mined regional open pit ore and surface stocks. Figure 33: Westgold’s Bryah Operation The Bryah Operations produced in Q4 FY24 - 18,902oz and YTD FY24 - 58,752oz (Q3 FY24 – 12,960oz and YTD FY23 - 53,735oz ) at an AISC in Q4 FY24 - $1,480/oz and YTD FY24 - $1,883/oz (Q3 FY24 $2,254/oz and YTD FY23 - $2,103/oz). • Fortnum Processing Hub Increa