2024 Denver Gold Forum Presentation
ASX : WGX TSX : WGX
2024 Denver Gold Forum
Wayne Bramwell | MD & CEO
15 – 18 September 2024
Important Notices and Disclaimer
Investor Presentation
Summary Information
This investor presentation is dated 16 September 2024 and has been prepared by Westgold Resources Limited
(ASX: WGX, TSX:WGX, OTCQX: WGXRF) (Westgold) based on information available to it at the time of preparing
this presentation. Certain information in this presentation is based on information originally prepared by Karora
Resources Inc. (Karora) prior to Westgold's acquisition of Karora on 1 August 2024.
To the maximum extent permitted by law, none of Westgold, its directors, employees or agents, advisers, nor any
other person, accepts any liability, including, without limitation, any liability arising from fault or negligence on the
part of any of them or any other person, for any loss arising from the use of this presentation or its contents or
otherwise arising in connection with it.
By reviewing or retaining these materials, or attending or participating in this presentation, you acknowledge and
represent that you have read, understood and accepted the terms of this “Important Notices and Disclaimer”.
This presentation contains summary information about Westgold and its activities current only at the date of this
presentation. This presentation is for information purposes only. The information in the presentation is of a
general nature only and does not purport to be complete. This presentation should be read in conjunction with
Westgold’s periodic and continuous disclosure announcements lodged with the Australian Securities Exchange
(ASX), which are available at www.asx.com.au and on Westgold's website at www.westgold.com.au, and in
Canada under Westgold's profile on SEDAR+ at www.sedarplus.ca. Certain information in this presentation may
have been obtained from research, surveys or studies conducted by third parties, including industry or general
publications. Neither Westgold nor its representatives have independently verified any such information sourced
from third parties or industry or general publications.
Not an Offer
Not Investment Advice
This presentation is not an offer, invitation, solicitation or other recommendation with respect to the subscription
for, purchase or sale of any security, and neither this presentation nor anything in it shall form the basis of any
contract or commitment whatsoever.
This presentation does not constitute in any way an offer or invitation to subscribe for securities in Westgold
pursuant to the Corporations Act 2001 (Cth) and has not been lodged with the Australian Securities and
Investment Commission or any of the Canadian Securities Administrators. 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 must make his/her own independent
assessment and investigation of Westgold and its business and assets when deciding if an investment is
appropriate and should not rely on any statement or the adequacy and accuracy of any information. This
presentation is in summary form and does not purport to be exhaustive. Westgold makes no representation or
warranty (either expressed or implied) as to the accuracy, reliability or completeness of the information in this
presentation. Westgold and its respective directors, employees, agents and consultants shall have no liability
(including liability to any person by reason of negligence or negligent misstatement) for any statements, opinions,
information or matters (express or implied) arising out of, contained in or derived from, or for any omissions from
the presentation, except liability under statute that cannot be excluded.
No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or
correctness of the information, opinions and conclusions contained in this presentation.
This presentation has been prepared for publication in Australia and may not be released to US wire services or
distributed in the United States. This presentation does not constitute an offer to sell, or a solicitation of an offer
to buy, securities in the United States or any other jurisdiction. Any securities described in this presentation have
not been, and will not be, registered under the US Securities Act of 1933 and may not be offered or sold in the
United States except in transactions registered under the US Securities Act or exempt from, or not subject to, the
registration of the US Securities Act and applicable US state securities laws.
2
Important Notices and Disclaimer
Forward-looking Statements
This document contains “forward-looking information” and “forward-looking statements” which are based on the
assumptions, estimates, analysis and opinions of management made in light of its experience and its perception
of trends, current conditions and expected developments, as well as other factors that management of Westgold
believes to be relevant and reasonable in the circumstances at the date that such statements are made, but
which may prove to be incorrect. Forward-looking statements include statements that are predictive in nature,
depend upon or refer to future events or conditions, or include words such as ‘expects’, ‘anticipates’, ‘plans’,
‘believes’, ‘estimates’, ‘seeks’, ‘intends’, ‘targets’, ‘projects’, ‘forecasts’, or negative versions thereof and other
similar expressions, or future or conditional verbs such as ‘may’, ‘will’, ‘should’, ‘would’ and ‘could’. Although
management believes that the assumptions made by Westgold and the expectations represented by such
information are reasonable, there can be no assurance that the forward-looking information will prove to be
accurate. Forward-looking information involves known and unknown risks, uncertainties, and other factors which
may cause the actual results, performance or achievements of Westgold to be materially different from any
anticipated future results, performance or achievements expressed or implied by such forward-looking
information. Such factors include, among others, the actual market price of gold, the actual results of current
exploration, the actual results of future exploration, changes in project parameters as plans continue to be
evaluated, changes in laws, regulations and practices, the geopolitical, economic, permitting and legal climate
that Westgold operates in, as well as those factors disclosed in Westgold's publicly filed documents. Westgold
believes that the assumptions and expectations reflected in the forward-looking information are reasonable.
Readers should not place undue reliance on forward-looking information. Westgold does not undertake to update
any forward-looking information, except in accordance with applicable securities laws.
Historical Information
Information about the past performance of Westgold contained in this presentation is given for illustrative
purposes only and cannot be relied upon as an indicator of (and provides no guidance as to) future performance,
including future share price performance of Westgold. Any such historical information is not represented as
being, and is not, indicative of Westgold’s view on its future financial condition and/or performance, nor the future
financial condition and/or performance of the merged group.
The information in this presentation that relates to the Ore Reserves and Mineral Resources of Westgold has been
extracted from the ASX announcement titled “Westgold 2024 Mineral Resources and Ore Reserves " released to
the ASX on 16 September 2024 and available at www.asx.com.au. Westgold confirms that it is not aware of any
new information or data that materially affects the information included in that announcement, and that all
material assumptions and technical parameters underpinning the estimates in that announcement continue to
apply and have not materially changed. Westgold confirms that the form and context in which the Competent
Persons findings are presented have not been materially modified from that announcement.
The information in this presentation that relates to Westgold’s Exploration results and Mineral Resource
Estimates is compiled by Westgold technical employees and contractors under the supervision of Mr. Jake
Russell B.Sc. (Hons), who is a member of the Australian Institute of Geoscientists and who has verified, reviewed
and approved such information. Mr Russell is a full-time employee of Westgold and has sufficient experience
which is relevant to the styles of mineralisation and types of deposit under consideration and to the activities
which he is undertaking to qualify as a Competent Person as defined in the Joint Ore Reserves Committee’s 2012
Australasian Code for Reporting of Mineral Resources and Ore Reserves (JORC Code) and as a Qualified Person
as defined in the CIM Guidelines and National Instrument 43-101 (Standards of Disclosure for Mineral Projects) of
the Canadian Securities Administrators (the "NI 43-101"). Mr. Russell is a full-time employee as General Manager
of Westgold and, accordingly, is not independent for purposes of NI 43-101. Mr Russell consents to and approves
of the inclusion in this presentation of the matters based on his information in the form and context in which it
appears. Mr Russell is eligible to participate in short and long-term incentive plans of Westgold.
The information in this presentation that relates to Westgold’s Ore Reserves is based on information compiled by
Mr. Leigh Devlin B.Eng. FAusIMM and who has verified, reviewed and approved such information. Mr. Devlin has
sufficient experience which is relevant to the styles of mineralisation and types of deposit under consideration
and to the activities which they are undertaking to qualify as a Competent Person as defined in the JORC Code
and as a Qualified Person as defined in the CIM Guidelines and NI 43-101. Mr. Devlin is full-time senior executive
of Westgold and, accordingly, is not independent for purposes of NI 43-101. Mr. Devlin consents to and approves
of the inclusion in this presentation of the matters based on his information in the form and context in which it
appears. Mr. Devlin is a full-time senior executive of Westgold and is eligible to and may participate in short-term
and long-term incentive plans of Westgold as disclosed in its annual reports and disclosure documents.
Ore Reserves and Mineral Resources
This presentation refers to Westgold having a combined Ore Reserve and Mineral Resource estimate of 3.3Moz
and 13.2Moz (respectively) and refers to the individual Ore Reserve (or Mineral Reserve) and Mineral Resource
estimate of Westgold.
3
Important Notices and Disclaimer
JORC CODE
It is a requirement of the ASX Listing Rules that the reporting of Ore Reserves and Mineral Resources in Australia
comply with the JORC Code. Investors outside Australia should note that while Ore Reserve and Mineral Resource
estimates of Westgold in this presentation comply with the JORC Code (such JORC Code-compliant Ore
Reserves and Mineral Resources being "Ore Reserves" and "Mineral Resources" respectively), they may not
comply with the relevant guidelines in other countries and, in particular, do not comply with (i) NI 43-101; or (ii)
Item 1300 of Regulation S-K, which governs disclosures of Mineral Reserves in registration statements filed with
the SEC. Information contained in this presentation describing mineral deposits may not be comparable to
similar information made public by companies subject to the reporting and disclosure requirements of Canadian
or US securities laws.
Investment Risk
As noted above, an investment in shares in Westgold is subject to investment and other known and unknown
risks, some of which are beyond the control of Westgold. Westgold does not guarantee any particular rate of
return or the performance of Westgold, nor does it guarantee the repayment of capital from Westgold or any
particular tax treatment. Prospective investors should have regard to the risks outlined in this presentation when
making their investment decision and should make their own enquires and investigations regarding all
information in this presentation, including but not limited to the assumptions, uncertainties and contingencies
which may affect future operations of Westgold and the impact that different future outcomes may have on
Westgold. These risks, together with other general risks applicable to all investments in listed securities not
specifically referred to, may affect the value of shares in Westgold in the future. There is no guarantee that the
Westgold shares will make a return on the capital invested, that dividends will be paid on the Westgold shares or
that there will be an increase in the value of the Westgold shares in the future. Accordingly, an investment in
Westgold should be considered highly speculative and potential investors should consult their professional
advisers before deciding whether to subscribe for Westgold shares.
Effect of Rounding
A number of figures, amounts, percentages, estimates and calculations of value in this presentation are subject
to the effect of rounding. The actual calculation of these figures may differ from the figures set out in this
presentation.
4
A globally investable, intermediate gold producer
Operating across two of Australia’s most abundant gold fields
Strong pipeline of organic
growth options and
exploration targets across
two highly prolific gold fields
Highly experienced
management team and
board of directors
A top 5 Australian gold
producer (+400,000 ozpa)
with a US$1.8Bn market cap[1]
One of Australia's largest
fully unhedged gold
producers
Robust balance sheet with
US$109 million in available
liquidity
1. Based on last closing price of US$1.95/share on 13 September 2024 and 943.1m shares outstanding .
Potential for index
inclusion across ASX, TSX
and OTCQX
WESTERN AUSTRALIA
Murchison
Southern
Gold Fields
Perth
5
WGX - post merger value proposition
+400kozpa diversified gold production portfolio, 100% unhedged
LEGEND
+400 kozpa Au
Operating mines
Processing plants
Southern Gold Fields
+
Murchison
Beta Hunt
Higginsville
Lakewood
Starlight
Bluebird
Big Bell
Fender
3.3Moz Au
13.2Moz Au
~3,200km2
Ore Reserve [1]
Mineral Resource[1]
in Western Australia
Fortnum
Bluebird
Tuckabianna
~1,900
Western Australia
Murchison
workforce
Southern Gold Fields
US$1.8 billion
Market Capitalisation[2]
US$109 million
Available liquidity[3]
Kalgoorlie
Headquarters
(Perth)
1. Refer to ASX release “2024 Ore Reserves and Mineral Resources” of 16 September 2024. See appendices for breakdown of Measured, Indicated and Inferred material.
2. Based on last closing price of US$1.95/share on 13 September 2024 and 943.1m shares outstanding .
3. Westgold cash and equivalents based on Westgold cash and liquids position of US$174m as at 30 June 2024 plus the net Karora cash acquired of US$25m less cash acquisition consideration of US$83m and US$7m cash consideration to Culico (SpinCo) under the
Karora transaction.
6
Corporate Snapshot
Capital Structure
Westgold Share Price and Volumes Traded on ASX
Share Price[1]
US$1.95/sh
Cash & Equivalents[3]
US$109m
Shares Outstanding [2]
943.1m
Debt[4]
US$-
Market Capitalisation
[1]
[5]
~US$1.8Bn
Enterprise Value[1]
~US$1.7Bn
Mineral Resources [5]
13.2Moz
Other Westgold
Shareholders
35M
30M
US$2.0
25M
US$1.5
Ore Reserves
3.3Moz
8%
US$2.5
20M
15M
US$1.0
10M
US$0.5
US$0.0
1 Sep 22
5M
1 Sep 23
0M
13 Sep 24
6%
5%
4%
3%
74%
Shareholder Composition
Broader broker coverage
1. Based on last closing price of US$1.95/share on 13 September 2024 and 943.1m shares outstanding .
2. See Westgold ASX announcement dated 1 August 2024 – Westgold and Karora Complete Merger.
3. Westgold cash and equivalents based on Westgold cash and liquids position of US$174m as at 30 June 2024 plus the net Karora cash acquired of US$25m less cash acquisition consideration of US$83m and US$7m cash consideration to Culico (SpinCo) under
the Karora transaction. 4. Westgold US$66m RCF facility remains undrawn as at 30 June 2024. 5. Refer to ASX release “2024 Ore Reserves and Mineral Resources” of 16 September 2024.
7
Optionality across mines and mills
Five operating underground mines + 5 processing plants
Murchison
Southern
Gold Fields
Operating
mines
Projects in
development
Restart
opportunities
5
2
5
Big Bell UG mine
Bluebird UG mine
Starlight UG mine
Fender UG mine
Great Fingall mine
Paddy’s Flat UG mine
South Emu-Triton UG mine
Comet UG mine
Beta Hunt UG mine
Fletcher Zone – Beta Hunt
Mt Henry / Selene OP Mine
Trident UG Mine
8
Simplifying the portfolio
Larger mines feeding largest mills - reducing costs and increasing margin
Bluebird-South Junction
Beta Hunt
3,200km2 land holdings
•
•
•
•
• Expansion to >2Mtpa
• Define Fletcher Zone
• Consolidate processing in
Southern Goldfields
• Prioritise high value
opportunities
• Right size the package
Increase mine scale to 1.2Mtpa
Reduce haulage from Cue
Increase feed grade
Increase margins
9
Owner Operators – who drill
~170 pieces of heavy
UG equipment
16 diamond drill rigs
1,900 employees
and contractors
10
Growing Reserves and Resources
1
Mineral Resources
Ore Reserves
Measured
11%
Inferred
38%
29%
13.2Moz
Proven
3.3Moz
51%
Indicated
Probable
71%
+69%
+60%
13,160
9,857
9,345
9,118
8,799
7,947
7,940
8,250
3,304
2,643
2,649
2,620
2,555
4,650
2,208
1,244
2,116
1,954
2,060
8,511
FY17
FY18
FY19
FY20
FY21
Southern Goldfields Resource (koz)
FY22
FY23
FY24
Murchison Resource (koz)
1. Refer to ASX release “2024 Ore Reserves and Mineral Resources” of 16 September 2024.
FY17
FY18
FY19
FY20
Murchison Ore Reserves (koz)
FY21
FY22
FY23
FY24
Southern Goldfields Ore Reserves (koz)
11
FY25 outlook
Outputs anticipated to increase in H2 FY251
Production (oz)
FY24 Guidance
FY24 Actual
FY25 Guidance
220,000-230,000
227,237
400,000 – 420,000
Production upside potential
Polar Star Lode at South
Junction
Third party ore purchase
Fletcher zone
AISC (US$/oz)
1,405-1,538
1,457
1,338 – 1,538
Growth Capital
(US$M)
87
105
157
Exploration (US$M)
17
17
33
Flat exchange rate of AUD:USD = 0.669 as at 15 September 2024 www.rba.gov.au/statistics/historical-data.html#exchange-rates
1. Refer to ASX announcement titled “FY25 Production Guidance Lifts to 400-420Koz” on 16 September 2024
YoY AISC $/oz reduction
expected by cost discipline
Increased investment in
growth projects & exploration
sets platform enhanced for
FCF
12
Snapshot of the Engine Rooms
Bluebird – South Junction Mine
Meekatharra
Beta Hunt Mine
Kambalda
1,900 employees
and contractors
13
Beta Hunt – a golden opportunity
Beta Hunt Mine (Kambalda, Western Australia)
A premier gold mining district with +20Moz Gold endowment
Situated in the heart of Gold Fields' St Ives operations
▪ Operating nickel mine since 1970’s (by WMC)
▪ Acquired by Karora / RNC in 2016.
▪ Over US$1.3Bn of sunk infrastructure capital able to be leveraged
▪ While the gold potential was known, it was largely ignored in the
WMC days as the focus was on the nickel endowment
▪ Small scale gold mining commenced in 2014.
▪ Current production output of circa 1.6Mtpa
Flat exchange rate of AUD:USD = 0.6629 (as at 15 September 2024) used to convert from A$. Source:
https://www.rba.gov.au/statistics/historical-data.html#exchange-rates
14
Beta Hunt – a large, under drilled gold deposit
▪ 7km footprint
▪ Southern 3 km largely
untested
▪ 4 key orebodies discovered to
date
▪ Western Flanks being the
largest (~1.6Moz)1.
▪ Orebodies offset - along the
Alpha Island Fault (AIF).
▪ Current Mineral Resources of
30.59Mt @ 2.7g/t Au for
2.65Moz1.
▪ Current Ore Reserve of 6.24Mt
@ 2.7g/t Au for 542Koz1.
▪ Drilling will unlock value
1.
As at 1 August 2024 – see ASX announcement titled “2024 Mineral Resource Estimate And Ore Reserves”, dated 16 September 2024 for details
15
Fletcher Zone – The Next Western Flanks?
Potential identified in 2016:
not advanced until 2023.
Parallel structure to the 1.6Moz Western Flanks –
same style of mineralisation ~300m to west.
Outstanding early drill results returned over 2km
of strike1
Fletcher Exploration Target2:
23-27Mt @ 2.1-2.5g/t Au for 1.6-2.1Moz
Includes Stage 1 Target (southern half of zone):
12-16Mt @ 2.1-2.5g/t Au for 0.8-1.2Moz Au
Drilling activities accelerated:
with three rigs committed to resource
definition drilling.
1. Refer to ASX announcement titled “Outstanding Drill Results From Fletcher Zone At Beta Hunt” – 21 August 2024
2. Refer to ASX announcement titled “Fletcher Exploration Target ” – 16 September 2024
16
Maiden South Junction Ore Reserve
1
Bluebird – South Junction
(Meekatharra, Western
Australia)
Bluebird – South Junction
Ore Reserve increased to
3.0Mt @2.8g/t Au for 277koz
Updated Mineral Resource
Estimate of 11Mt at 2.8g/t Au
for 960koz featuring a
Measured and Indicated
component of 4.7Mt at 3.1g/t
Au for 465koz Au.
Upside in Polar Star Lode
1. Refer to ASX announcement titled “Westgold Declares Maiden South Junction Ore Reserve” – 14 August 2024
17
1
South Junction Production
Production from South Junction
commenced in August 2024
The significant width of the South Junction orebody
enables a highly productive primary / secondary transverse
stoping method
which will significantly increase production from the
Bluebird – South Junction system
Production rate of 1.2Mtpa - from Bluebird-South Junction
targeted from Q3 FY25.
How big is this system?
historically produced +1Moz from open pits
1. Refer to ASX announcement titled “Westgold Declares Maiden South
Junction Ore Reserve” – 14 August 2024
18
FY25 Exploration
Westgold controls ~3,200km2 of exploration tenure around its
current operations (~1,200km2 in the Murchison & ~2,000km2 in
Southern Goldfields)
FY25 Exploration Guidance of US$33M1
Priority Resource Definition targets:
South Junction and Starlight in the Murchison
Fletcher in the Southern Goldfields
Extensive pipeline of Greenfields / new mine exploration
targets will also be tested both in the north and south
Flat exchange rate of AUD:USD = 0.6629 (as at 15 September 2024) used to convert from A$. Source: https://www.rba.gov.au/statistics/historical-data.html#exchange-rates
1. Refer to ASX announcement titled “FY25 Production Guidance Lifts to 400-420Koz” on 16 September 2024
19
Exploration potential at Higginsville
WGX ~2,000km2 of tenure traversed by three key structures
which regionally control +80Moz Au
Boulder Lefroy Fault
Speedway Fault
Zuleika Shear
At Higginsville there has been limited real exploration
expenditure over the last +10 years
WGX FY25 Exploration guidance of US$33M with ~60% to be
at focussed at Higginsville1
Westgold to immediately accelerate exploration activities
across the Zuleika and BLF-Speedway target areas
Flat exchange rate of AUD:USD = 0.6629 (as at 15 September 2024) used to convert from A$. Source:
https://www.rba.gov.au/statistics/historical-data.html#exchange-rates
1. Refer to ASX announcement titled “FY25 Production Guidance Lifts to 400-420Koz” on 16 September 2024
20
WGX – Building Scale in FY25
Intermediate
Gold Producer
Australia is
our home
Financial
Strength
Top 5 ASX / Top 10 TSX
producer - with
production over
400,000 ozpa
Operating in two of
Australia’s most
abundant gold fields
Robust balance sheet
with US$109 million in
available liquidity1
Strategic
Merger
Merger with Karora
delivers substantial
diversification, synergy
& upside
Unhedged
Growth
Potential
Shareholder
Returns is Our
Focus
One of Australia’s
largest fully unhedged
gold producers
Strong pipeline of
organic growth
projects
Committed to free cash
flow generation and
shareholder returns
1. Flat exchange rate of AUD:USD = 0.6624 (as at 30 June 2024) used to convert from A$. Source: https://www.rba.gov.au/statistics/historical-data.html#exchange-rates
21
Contact Information:
Investor Relations
Kasun Liyanaarachchi | Investor Relations Manager
kasun.liyanaarachchi@westgold.com.au
+61 458 564 483
Thank you.
Investor Relations – North America
Rob Buchanan | CPIR
Rob.Buchanan@westgold.com.au
+1 416-309-0600
Media
Peter Knight | Communications Manager
peter.knight@westgold.com.au
+61 459 980 481
ASX: WGX | TSX:WGX | OTCQX: WGXRF
westgold.com.au
Safety and sustainability delivers results
Safety
Sustainability
Substantial reduction in Total Injury Frequency
Rate (TRIFR)
All Murchison operating mines and mills
running on hybrid power which now can:
Generate 82 MW (gas, battery
& solar)
Injuries per million hours worked
22.9
Reduce diesel consumption by
38 million litres per annum
8.4
FY22
FY23
-18%
6.9
FY24
1. At a diesel price assumption of US$1.09/L
Flat exchange rate of AUD:USD = 0.6624 (as at 30 June 2024) used to convert from A$. Source: https://www.rba.gov.au/statistics/historical-data.html#exchange-rates
Reduce carbon emissions by
56%
Deliver ≈US$40/oz in AISC
savings1
23
Mineral Resource Statement: Operating Mines
[1],[2]
At 30 June 2024
Murchison Gold Operations (Rounded for reporting)
Measured
Indicated
Measured and Indicated
Tonnes
Ounces
Grade
('000s)
Au ('000s)
Inferred
Total
Tonnes
('000s)
Grade
Ounces
Au ('000s)
Tonnes
('000s)
Grade
Ounces
Au ('000s)
Tonnes
('000s)
Grade
Ounces
Au ('000s)
Tonnes
('000s)
Grade
Ounces
Au ('000s)
Big Bell UG
4,022
3.07
397
7,965
3.33
853
11,988
3.24
1,250
5,927
3.11
593
17,914
3.20
1,842
Fender UG
95
3.22
10
201
3.05
20
297
3.10
30
345
3.33
37
642
3.23
67
Great Fingall UG
0
0.00
0
1,616
5.25
273
1,616
5.25
273
883
3.51
100
2,499
4.64
372
Golden Crown UG
0
0.00
0
333
6.18
66
333
6.18
66
944
5.14
156
1,277
5.41
222
Bluebird Group UG
304
4.09
40
4,368
3.03
425
4,672
3.10
465
6,032
2.55
495
10,705
2.79
960
Starlight UG
881
4.01
114
1,973
3.44
218
2,854
3.62
332
2,588
3.13
260
5,442
3.38
592
Total
5,303
3.29
561
16,457
3.51
1,855
21,760
3.45
2,415
16,719
3.05
1,641
38,479
3.28
4,056
Project
Southern Goldfields Gold Operations (Rounded for reporting)
Measured
Indicated
Measured and Indicated
Inferred
Total
Tonnes
('000s)
Grade
Ounces
Au ('000s)
Tonnes
('000s)
Grade
Ounces
Au ('000s)
Tonnes
('000s)
Grade
Ounces
Au ('000s)
Tonnes
('000s)
Grade
Ounces
Au ('000s)
Tonnes
('000s)
Grade
Ounces
Au ('000s)
Two Boys
24
1.55
1
1,141
2.32
85
1,165
2.30
86
184
2.78
16
1,349
2.37
103
Pioneer
0
0.00
0
519
2.11
35
519
2.11
35
345
1.50
17
864
1.87
52
Beta Hunt
1,142
2.79
102
16,581
2.74
1,458
17,723
2.74
1,561
12,860
2.63
1,086
30,583
2.69
2,647
Total
1,166
2.76
104
18,241
2.69
1,579
19,407
2.70
1,682
13,388
2.60
1,119
32,795
2.66
2,801
Project
Beta Hunt Nickel Operation (Rounded for reporting)
Measured
Project
Beta Hunt
Total
Tonnes
('000s)
0
0
Indicated
Ni (%)
NiT ('000s)
0.0%
0
Tonnes
('000s)
749
0.0%
0
749
Ni (%)
NiT ('000s)
2.8%
21
2.8%
21
Measured and Indicated
Tonnes
Ni (%)
NiT ('000s)
('000s)
749
2.8%
21
749
2.8%
21
Inferred
Tonnes
('000s)
499
499
Total
Ni (%)
NiT ('000s)
2.7%
13
Tonnes
('000s)
1,248
2.7%
13
1,248
Ni (%)
NiT ('000s)
2.8%
35
2.8%
35
1. See Westgold ASX Announcement dated 16 September 2024 – Resources and Reserve Statement. The Company confirms that it is not aware of any new information or data that materially affects the information included in that
announcement and that all material assumptions and technical parameters underpinning the Mineral Resource and Ore Reserve estimates in that announcement continue to apply and have not materially changed. Refer to “Ore Reserves
and Mineral Resources” section in slide 3 for the further information.
2. Southern Goldfields Reserves and Resources are as at 1 August 2024, corresponding to the merger completion
24
Mineral Resource Statement: Non-Operating Projects
[1],[2]
At 30 June 2024
Project
Big Bell District
Cuddingwarra
Day Dawn District
Tuckabianna
Tuckabianna
Stockpiles
Meekatharra North
Nannine
Paddy's Flat
Reedy's
Yaloginda District
Bluebird Stockpiles
Fortnum District
Horseshoe
Peak Hill
FGO Stockpiles
Total
Project
HGO Central
HGO Greater
Mt Henry
HGO Stockpiles
BHO Stockpiles
Total
Tonnes
('000s)
60
85
58
267
Measured
Murchison Gold Operations (Rounded for reporting)
2.81
1.66
1.73
3.54
Ounces
Au ('000s)
5
5
3
30
Tonnes
('000s)
802
1,600
1,068
3,448
81
2.09
5
0
68
376
430
53
350
332
0
0
723
2,884
0.00
2.55
3.67
3.77
2.59
1.34
2.67
0.00
0.00
0.95
2.39
0
6
44
52
4
15
28
0
0
22
221
Tonnes
('000s)
931
466
11,042
373
47
12,859
Grade
Measured
Grade
2.94
3.00
1.19
0.40
2.09
1.37
Indicated
Measured and Indicated
Tonnes
Ounces
Grade
('000s)
Au ('000s)
861
2.65
73
1,685
1.63
88
1,126
2.02
73
3,715
2.84
339
2.64
1.63
2.04
2.78
Ounces
Au ('000s)
68
84
70
308
3,627
0.70
81
3,709
0.73
87
0
0.00
0
97
859
10,641
3,225
4,128
0
2,951
1,266
7,547
481
41,741
1.98
2.06
1.65
2.58
1.47
0.00
2.08
2.09
1.55
0.69
1.77
6
57
564
267
195
0
197
85
376
11
2,370
97
927
11,017
3,656
4,181
350
3,282
1,266
7,547
1,204
44,625
1.98
2.09
1.72
2.72
1.49
1.34
2.14
2.09
1.55
0.85
1.81
6
62
608
319
200
15
226
85
376
33
2,591
75
340
2,574
9,191
5,879
0
618
183
1,838
16
27,100
2.11
2.26
1.93
2.54
1.40
0.00
1.88
1.43
1.78
0.54
2.14
5
25
160
750
265
0
37
8
105
0
1,864
Grade
Tonnes
('000s)
1,848
597
1,043
2,899
Southern Goldfields Gold Operations (Rounded for reporting)
Ounces
Au ('000s)
88
45
424
5
3
565
Inferred
Tonnes
('000s)
2,442
2,799
10,172
1,568
0
16,981
Indicated
Grade
2.74
2.79
1.16
0.76
0.00
1.62
Ounces
Au ('000s)
215
251
378
38
0
882
Measured and Indicated
Tonnes
Ounces
Grade
('000s)
Au ('000s)
3,373
2.80
303
3,265
2.8
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