Announcement PDF ASX : WGX TSX : WGX WESTGOLD RESOURCES LIMITED 2024 ANNUAL GENERAL MEETING www.westgold.com.au Important Notices and Disclaimer Investor Presentation Not Investment Advice This investor presentation is dated 28 November 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. 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 does not constitute in any way an offer or invitation to subscribe for securities in Westgold pursuant to the 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 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 purpose 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. 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. Not an Offer 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 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. Summary Information 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. 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. 2 Important Notices and Disclaimer 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. Ore Reserves and Mineral Resources This presentation refers to Westgold having a combined Ore Reserve and Mineral Resource estimate of 13.2Moz and 3.3Moz (respectively) and refers to the individual Ore Reserve (or Mineral Reserve) and Mineral Resource estimate of Westgold. 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. The Company confirms that it has since published updates to its Starlight Mineral Resource (Refer ASX Release “Starlight Mineral Resource Grows by 91%” of 13 November 2024); and its Bluebird-South Junction Mineral Resource (Refer ASX Release “Bluebird-South Junction Mineral Resource Grows to 1.4Moz” of 18 November 2024.) The Company advises that its Mineral Resource Statement as published on 16 September 2024 has not been updated to reflect the growth in the Mineral Resource Estimate for Starlight, nor for Bluebird-South Junction. This presentation contains references to estimates of Mineral Resources and Ore Reserves. The estimation of Mineral Resources is inherently uncertain and involves subjective judgments about many relevant factors. Mineral Resources that are not Ore Reserves do not have demonstrated economic viability. The accuracy of any such estimates is a function of the quantity and quality of available data, and of the assumptions made and judgments used in engineering and geological interpretation, which may prove to be unreliable and 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) fluctuations in the price of gold; (ii) results of drilling; (iii) results of metallurgical testing, process and other studies; (iv) changes to proposed mine plans; (v) the evaluation of mine plans subsequent to the date of any estimates; and (vi) the possible failure to receive required permits, approvals and licenses. 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 NI 43-101. Mr. Russell is a full-time employee as General Manager – Technical Services 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 Reserve 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. 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. The following NI 43-101 technical reports support the Ore Reserves and Mineral Resources contained in this presentation and were filed on SEDAR+ on 31 October 2024: • NI 43-101 Technical Report, Cue Gold Operations, Murchison Goldfields, Western Australia; • NI 43-101 Technical Report, Fortnum Gold Operations, Bryah Goldfields, Western Australia; • NI 43-101 Technical Report, Beta Hunt Operations, Eastern Goldfields, Western Australia; and • NI 43-101 Technical Report, Higginsville Gold Operations, Eastern Goldfields, Western Australia. Reference should be made to the full text of the technical reports for the assumptions, qualifications and limitations relating thereto. Investment Risk As noted, 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. 3 Acknowledgement of traditional owners Westgold respectfully acknowledges the Wadjuk People of the Noongar Nation as the Traditional Custodians of the land on which we gather today. We pay our respects to their Elders past and present. We would also like to extend that respect to Aboriginal and Torres Strait Islander peoples here today. MD and CEO’s Address Mr Wayne Bramwell 5 Contents 1. The Westgold Journey 2. FY24: Highlights 3. Westgold Today 4. FY25: Poised to Grow 6 Our Journey 7 WESTGOLD MATURITY MARGIN/GROWTH The journey to top 5 Australian gold producer INVEST IN MINE / MILL EXPANSIONS DELIVER INCREASED CF CASHFLOW FOCUS • • RESET, RATIONALISE and REDEPLOY • Strategic review and rationalisation of mines returns WGX to profitable operations • FY26 Cashflow from profitable operations funds companymaking, $1.4B Karora merger $25M invested in resource development drilling FY27 • From a 500-600,000 ozpa production base from FY26 on. FY25 $19M invested in resource development drilling OPTIMISE and LEVERAGE PORTFOLIO [FOR LONG TERM FCF] FY24 • $235M capital investment in future FCF • $50M investment in highest value resource development, and exploration drilling BUSINESS RESET FY23 → • H1 - Optimise business to enhance FCF capacity SETS PLATFORM FOR TRANSFORMATIONAL MERGER IN FY24. • H2 - Articulate path to exceed FY25 production guidance in FY26FY27 onwards FY23 8 FY24: Highlights 9 FY24 Scorecard[1] Production (oz) AISC ($/oz) FY24 Group Guidance FY24 Actual 220,000-230,000 227,237 Top end of guidance 2,100-2,300 2,164 Bottom end of cost guidance Delayed commercial production at Fender and expansion at Bluebird, Big Bell and Starlight Growth Capital ($M)1 130 157 Exploration ($M)2 25 25 1. Refer to ASX announcement titled “Q3, FY24 Production Update” – 3 April 2024 In-line with guidance 10 FY24 Financial Highlights Revenue: NPAT: Profit /Share: Dividends: Hedge: $716.5M $95.2M 20.1c 2.25c/share Nil (FY23: 656.6) (FY23: 10M) (FY23: 2.11c) (1.25 Fully franked) (FY23: 10,000) 11 Sustainability Highlights Building a long-term business Target of 10% annual reduction in TRIFR Transitioned to cleaner energy: (Total Reportable Injury Frequency Rate) 4 Hybrid power stations: Reduced reliance on diesel and lowered carbon emissions by 56% exceeded in FY24 (-18%) Target of 0 significant environmental incidents met in FY24 Water recycling rate of 45%, reducing reliance on water sources. Operations using less than 27% of total permitted extraction capacity. 12% of WGX workforce is female: Target is 25% by 2026. (Board is 33% female, Leadership team is 28% female) 12 ESG A pragmatic approach that delivers cost and emission reduction Generate 82 MW (gas, battery & solar) Reduce diesel consumption by 38 million litres per annum Reduce carbon emissions by 56% Deliver ≈$60/oz in AISC savings1 1. At a diesel price assumption of $1.60/L All Murchison operating mines and mills running on hybrid power. Solutions for Southern Goldfields under investigation. Growing Reserves and Resources1 Mineral Resources Ore Reserves Measured 11% Inferred Proven 29% 38% 3.3Moz 13.2Moz 71% 51% Probable Indicated +69% +60% 13,160 9,857 9,345 9,118 8,799 3,304 2,643 2,649 2,620 2,555 4,650 7,947 7,940 2,208 1,244 2,116 8,250 1,954 2,060 8,511 FY17 FY18 FY19 Murchison Resource (koz) FY20 FY21 FY22 FY23 FY24 Southern Goldfields Resource (koz) FY17 FY18 FY19 FY20 Murchison Ore Reserves (koz) FY21 FY22 FY23 FY24 Southern Goldfields Ore Reserves (koz) 14 1. Refer to notes on Ore Reserves and Mineral Resources on Slide 3 : Important Notices and Disclaimer Focus on Free Cash Generation And deliver shareholder returns 6 Consecutive quarters of Cash, Bullion & Liquids build ($M) ▪ Profitable operations self-fund growth capital - unlocking value with the drill bit +$71M build in FY24 +$16M +$21M 238 +$25M 263 +$9M ▪ 1.25 cents/share fully franked final dividend declared for FY24 for a total of 2.25 cents/share for FY24 247 217 +$24M +$104M 192 +$9M 159 Q2 FY23 168 ▪ Cash build underwrote merger with Karora (Completed 1 August 2024) ▪ Scrip and cash transaction – no debt utilised Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 15 Share Price Performance 67% Growth in FY24 Share Price Open (1 Jul 23): $1.45 Close (30 Jun 24) : $2.42 Current (22 Nov 24): $2.85 16 A Transformational Transaction Building the next Australian Gold Major WESTGOLD 3.0 + = Larger, more diversified Australian producer Well-funded and internationally investable Extensive organic growth options 17 Westgold Today 18 Westgold 3.0 Building the next Australian Gold Major An established, top 5 ASX / top 10 TSX gold producer with ~A$2.6Bn market cap[1] Unhedged gold producer – offering investors full exposure to gold price escalation Established portfolio of producing mines and extensive landholding across two of Australia’s most prolific gold fields. An ASX200 company with potential for additional index inclusion across ASX, TSX and OTCQX - next stop ASX100 Robust balance sheet/ Profitable operations continues to enable selffunded growth Highly experienced Board of directors and management team with shared vision 1. Based on Based on closing price of A$2.71 /share on 18 November 2024 and 943.1m shares outstanding. 19 A Portfolio that can deliver growth Two strategic WA footprints – fully unhedged LEGEND FY25 +400 kozpa Au[1] Operating mines Processing plants Southern Goldfields + Murchison Beta Hunt Two Boys Higginsville Lakewood Starlight Bluebird Big Bell Fender *Great Fingall 3.3Moz Au 13.2Moz Au ~3,200km2 Ore Reserve [2] Mineral Resource[2] 5 mills ~7Mtpa Processing capacity in Western Australia Western Australia Murchison Fortnum Bluebird Tuckabianna ~19 Southern Goldfields Active drill rigs 2,127 Employees Kalgoorlie Headquarters (Perth) * Great Fingall Mine in Development 1. Refer to ASX Release "Production Guidance Lifts to 400 – 420koz" of 16 September 2024. 2. Refer to ASX release “2024 Ore Reserves and Mineral Resources” of 16 September 2024. See appendices for breakdown of Measured, Indicated and Inferred material. 20 Two prolific gold regions Murchison Southern Goldfields 21 Owner Operators, Who Drill ~170 pieces of heavy UG equipment 16 diamond drill rigs 2,127 employees and contractors 22 The Engine Rooms for Growth Bluebird – South Junction Mine Meekatharra (Murchison) Great Fingall Mine Cue (Murchison) Beta Hunt Mine Kambalda (Southern Goldfields) Higginsville Exploration Pipeline Higginsville (Southern Goldfields) 23 Poised to Grow 24 The Plan in FY25 Larger mines feeding larger mills - reducing costs and increasing margin Murchison Bluebird-South Junction • • • Increase mine scale to >1.2Mtpa Increase feed grade / margins Reduce haulage from Cue Great Fingall • Production to commence Q4,FY25 Portfolio Review Southern Goldfields Beta Hunt • • Expansion to >2Mtpa Define Fletcher Zone Higginsville • • Right size the package • Rank assets across 3,200km2 tenure • Prioritise high value prospects with agile, owned & operated drill fleet Consolidate processing Expedite drilling across advanced targets 25 FY25 Guidance Outputs planned to increase in H2 FY25 FY25 Guidance FY25 Q1 Actual • Production upside potential: Production (oz) 400,000 – 420,000 77,269 AISC (A$/oz) 2,000 – 2,300 2,422 Growth Capital (A$M) 235 58 Exploration (A$M) 50 14 o Polar Star Lode at South Junction (FY25) o Fletcher zone (H2, FY25) o Third party ore purchase (Q3, FY25) • YoY AISC A$/oz reduction expected with cost discipline and post-merger synergies being realised • Investment in growth projects & exploration sets platform for enhanced FY26 cash flows 26 WGX – the Next Australian Gold Major Top 5 ASX / Top 10 TSX producer Unhedged Financial Strength Production capacity of +400,000 ozpa One of Australia’s largest fully unhedged gold producers Robust balance sheet with A$250M undrawn facilities Portfolio has scale Diversification Growth Potential Shareholder Returns is Our Focus Established platform that can be scaled & optimised for FCF Operating in two of Australia’s most abundant gold fields Enviable pipeline of organic growth opportunities Committed to free cash flow generation and shareholder returns 27 Contact Information: Thank you. Investor Relations Annette Ellis| Investor Relations Manager Annette.ellis@westgold.com.au +61 458 200 039 Investor Relations – North America Rob Buchanan | CPIR Rob.Buchanan@westgold.com.au +1 416-309-0600 ASX: WGX | TSX:WGX | OTCQX: WGXRF westgold.com.au Capital Structure Broker cover c Broker Analyst Macquarie Andrew Bowler Canaccord Genuity Tim Mccormack Argonaut Hayden Bairstow Petra Capital David Brennan Euroz Hartleys Share Price Open (1 Jul 23): $1.45 Close (30 Jun 24) : $2.42 (+ 67%) Current (22 Nov 24): $2.85 Cash & Equivalents Open (1 Jul 23): $176M Close (30 Jun 24) : $236M Current : $103M[1] Debt[2] Kyle De Souza Shares Outstanding 473.6m at 30 Jun 24 943.1m (Current) RBC Alex Barkley Market Capitalisation Ord Minnett Paul Kaner Ore Reserves [3] 3.3Moz Mineral Resources [3] 13.2Moz Open (1 Jul 23) : $687M Close (30 Jun 24) : $1.1B Current (22 Nov 24): $2.7B 51.3% Other shareholders 21.6% Canadian Register Control 7.8% Van Eck Assoc. 3.4% Blackrock, Inc 7.3% L1 Capital 5% Vanguard Group 3.5% Holdings State Street Global Aus Ltd. Share Price FY24 Shareholder composition [4] Nil 1. Westgold cash and equivalents based on Westgold cash and liquids position of A$103M as at 30 September 2024. 2. $50M of $300M Corporate Facility drawn in Q2, FY24 – refer to ASX Release “Unaudited Interim Condensed Financial Report Q1 FY2025” of 15 November 2024. 3. Refer to notes on Ore Reserves and Mineral Resources on Slide 3 : Important Notices and Disclaimer 29 4. As at 7 November 2024. Mineral Resource Statement: Operating Mines At 30 June 2024[1],[2] 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) 11,988 3.24 1,250 5,927 3.11 593 17,914 3.20 1,842 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 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) 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 0.21 120 19,407 0.36 224 13,388 2.60 1,119 32,795 2.66 2,801 Project Two Boys Beta Hunt Nickel Operation (Rounded for reporting) Measured Project Beta Hunt Total 1. 2. 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 See Westgold ASX Announcement dated 16 September 2024 – Resources and Reserve Statement. See Westgold ASX Announcement dated 16 September 2024 – Resources and Reserve Statement available at www.asx.com.au. The Company confirms that it has since published updates to its Starlight Mineral Resource (Refer ASX Release “Starlight Mineral Resource Grows by 91%” of 13 November 2024); and its Bluebird-South Junction Mineral Resource (Refer ASX Release “Bluebird-South Junction Mineral Resource Grows to 1.4Moz” of 18 November 2024.) The Company advises that its Mineral Resource Statement as published on 16 September 2024 has not been updated to reflect the growth in the Mineral Resource Estimate for Starlight, nor for Bluebird-South Junction. Refer to “Ore Reserves and Mineral Resources” section in slide 3 for the further information. Southern Goldfields Reserves and Resources are as at 1 August 2024, corresponding to the merger completion. 30 Mineral Resource Statement: Non-Operating Projects At 30 June 2024[1],[2] Murchison Gold Operations (Rounded for reporting) Measured 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 Tonnes ('000s) 60 85 58 267 Indicated 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 Grade 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 Inferred 2.64 1.63 2.04 2.78 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 Grade Tonnes ('000s) 1,848 597 1,043 2,899 Total Ounces Au ('000s) 68 84 70 308 2.94 1.50 1.78 2.63 Ounces Au ('000s) 175 29 60 245 Tonnes ('000s) 2,709 2,282 2,169 6,614 Grade 2.85 1.59 1.91 2.75 Ounces Au ('000s) 248 117 133 584 3,709 0.73 87 5 25 160 750 265 0 37 8 105 0 1,864 172 1,267 13,591 12,846 10,060 350 3,900 1,449 9,385 1,220 71,724 2.04 2.14 1.76 2.59 1.44 1.34 2.10 2.01 1.60 0.84 1.93 11 87 768 1,069 464 15 263 93 481 33 4,455 Ounces Au ('000s) 142 154 106 0 0 402 Tonnes ('000s) 4,892 5,264 23,779 1,940 47 35,923 Grade Southern Goldfields Gold Operations (Rounded for reporting) Measured Project HGO Central HGO Greater Mt Henry HGO Stockpiles BHO Stockpiles Total Tonnes ('000s) 931 466 11,042 373 47 12,859 Grade 2.94 3.00 1.19 0.40 2.09 1.37 Indicated Ounces Au ('000s) 88 45 424 5 3 565 Tonnes ('000s) 2,442 2,799 10,172 1,568 0 16,981 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 2.82 296 21,214 1.18 802 1,940 0.69 43 47 2.09 3 29,840 1.51 1,447 Inferred Tonnes ('000s) 1,519 1,999 2,565 0 0