RIU 2025 Presentation
ASX / TSX : WGX
Westgold Resources Limited
A miner that explores
Important Notices and Disclaimer
Investor Presentation
Summary Information
This investor presentation is dated 18 February 2025 and has been prepared by Westgold Resources Limited (ASX: WGX,
TSX:WGX) (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.
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.
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.
Not Investment Advice
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.
2
Important Notices and Disclaimer
Forward-looking Statements
Ore Reserves and Mineral Resources
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.
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.
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 forwardlooking 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 (except for
Starlight Mineral Resources and Bluebird-South Junction Ore Reserves and Mineral Resources) 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 information in this presentation that relates to the Mineral
Resources of Starlight has been extracted from the ASX announcement titled “Starlight Mineral Resource Grows by 91%"
released to the ASX on 13 November 2024 and available at www.asx.com.au. The information in this presentation that
relates to the Mineral Resources and Ore Reserves of Bluebird-South Junction has been extracted from the ASX
announcement titled “Westgold Doubles Bluebird - South Junction Ore Reserve" released to the ASX on 4 December
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 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.
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) National Instrument 43-101 (Standards of
Disclosure for Mineral Projects) of the Canadian Securities Administrators (the "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
Respect
Westgold would like to acknowledge the
Traditional Custodians of the land on which
we operate on and 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.
Artwork by Janine Mongoo
5
A miner that explores
Exploration in FY24
$25M invested
in exploration
365km drilled
+613koz
Resources
6
To have
exploration
Tenure
success you
need…
Targets
Team
7
1. Tenure
Two strategic footprints across Western Australia
2
3,200km of tenements
historically under drilled
3.3Moz reserve and 13.2Moz resource
Target rich environment
Murchison
Kalgoorlie
Southern Goldfields
organic growth opportunities abound
8
2.
Targets
Multiple exploration targets across the Murchison and Southern Goldfields
9
Murchison
Southern
Goldfields
Keep the pipeline moving…
Ongoing
Works
10
Priority
Targets
Fletcher
Mason
Higginsville
expansion
Larkin
Ongoing
Works
11
Priority
Targets
Reedy
Target
Advanced
Drill testing
generation
exploration
South
Fortnum
expansion
Resource
Definition
drilling
Scoping/Pre
-feasibility
Study
Junction
South
Junction
Feasibility
Study
Great
Fingall
Decision to
mine
10
3. Team
Focussed, inhouse resource
development and exploration teams
In-house drilling capability
15 underground drill rigs we own and
operate
+120 in house drilling personnel
~17 Geologists
Supported by independent surface
drilling contractors
11
What does
exploration
success look
like?
12
Expand
existing
resources
Success is to….
Extend mine
lives
Identify and
develop next
suite of assets
13
Bluebird – South Junction in Feb 2024
NEW DRILLING CAMPAIGNS AT BLUEBIRD & SOUTH JUNCTION
S
South Junction
2023 tested extents
300mV
300m strike
N
1
Bluebird UG
200mV
600m strike
2
$18M invested
in drilling at
Bluebird-South
Junction
93km drilled
3
4a
4b
1. Infill known extents for FID.
2. Explore strike.
3. Explore depth.
4a. Explore deeper again (SJ).
4b. Explore deeper again (BLU).
14
Resource now 1.4Moz – up 244% from FY23 MRE
BluebirdSouth
Junction Ore
Reserve is
currently
573Koz
15
Fletcher and Mason are next…
Beta Hunt – Fletcher Zone
Global Fletcher exploration target of 1.6 – 2.1Moz along 2km of strike1
Stage 1 - exploration target: 0.8-1.2Moz
Recent drilling intercepts include:
41.00m at 7.99 g/t Au in hole FF475SP-62AE;
19.00m at 5.95 g/t Au in hole FF475SP-62AE; and
38.00m at 6.80 g/t Au in hole WF440VD-55AE.
Beta Hunt - Mason Zone
Mason interpreted as extension of Fletcher, offset along Alpha Island
Fault.
Southern 3km of tenure untested.
1. Refer to ASX release titled “Fletcher Exploration Target Defined at 1.6 - 2.1Moz Au” – 16 September 2024
16
A multitude of
organic growth
options…
17
Reedys- within 50km of two Westgold mills
18
Paddy’s Flat – 3.0
19
Exploration can deliver optionality
and value.
20
Increasing investment in exploration
… enhances the rate of discovery and resource conversion
Exploration investment growing with capability
& success
Growth in exploration expenditure
$27M
Actual
$19M
$25M
H2 FY25 Guidance
$50M
$23M
FY23
FY24
FY25
This investment has delivered:
613koz resource addition in FY24
365km of cumulative drilling in FY24
Substantial increases in group Reserve
and Resources post depletion including:
107% increase in Bluebird-South
Junction Reserve since August 2024
91% increase in Starlight Mineral
Resource since June 2024
21
Westgold – A Miner who Drills
Top 5 ASX / Top
10 TSX Producer
Unhedged
Financial
Strength
Production of
+400,000 ozpa
in FY26
One of Australia’s
largest fully unhedged
gold producers
Robust balance sheet
with $300M debt
facility
Portfolio now has
scale
Diversification
Merger with Karora
establishes platform
that can be scaled &
optimised for FCF
Operating in two of
Australia’s most
abundant gold fields
Investing in
Growth
Shareholder
Returns is Our
Focus
Large organic
growth pipeline
Focus on FCF and
returns to shareholders
not scale for scale sake
22
Thank you.
Drill on!
Contact Information
Investor Relations
Kasun Liyanaarachchi | Group Manager IR & Communications
kasun.liyanaarachchi@westgold.com.au
+61 458 564 483
ASX / TSX: WGX
westgold.com.au
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
0.21
120
19,407
0.36
224
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
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.
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
2.82
296
21,214
1.18
802
1,940
0.69
43
47
2.09
3
29,840
1.51
1,447
Tonnes
('000s)
1,519
1,999
2,565
0
0
6,083
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
Inferred
Grade
2.91
2.39
1.28
0.00
0.00
2.05
Ounces
Au ('000s)
142
154
106
0
0
402
Total
2.85
1.59
1.91
2.75
Ounces
Au ('000s)
248
117
133
584
3,709
0.73
87
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
Tonnes
('000s)
4,892
5,264
23,779
1,940
47
35,923
Grade
Total
Grade
2.83
2.66
1.19
0.69
2.09
1.60
Ounces
Au ('000s)
445
450
907
43
3
1,849
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.
25
Ore Reserves Statement: Operating Mines
[1],[2]
At 30 June 2024
Murchison Gold Operations (Rounded for reporting)
Proven
Project
Probable
Total
Tonnes ('000s)
Grade
Ounces Au ('000s)
Tonnes ('000s)
Grade
Ounces Au ('000s)
Tonnes ('000s)
Grade
Ounces Au ('000s)
Big Bell UG
9,808
1.48
467
4,898
3.10
489
14,706
2.02
956
Fender UG
81
2.58
7
147
2.68
13
228
2.65
19
Great Fingall UG
0
0.00
0
1,895
4.20
256
1,895
4.20
256
Golden Crown UG
0
0.00
0
230
4.52
33
230
4.52
33
Bluebird Group UG
75
3.91
9
2,967
2.81
268
3,041
2.83
277
Starlight UG
676
2.56
56
972
2.36
74
1,647
2.44
129
Total
10,640
1.58
539
11,107
3.17
1,132
21,747
2.39
1,671
Southern Goldfields Gold Operations (Rounded for reporting)
Proven
Project
Probable
Total
Tonnes ('000s)
Grade
Ounces Au ('000s)
Tonnes ('000s)
Grade
Ounces Au ('000s)
Tonnes ('000s)
Grade
Ounces Au ('000s)
Two Boys
0
0.00
0
0
0.00
0
0
0.00
0
Pioneer
0
0.00
0
135
2.30
10
135
2.30
10
Beta Hunt
304
2.69
26
5,940
2.70
516
6,244
2.70
542
Total
304
2.69
26
6,075
2.69
526
6,379
2.69
552
1. See Westgold ASX Announcement 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.
26
Ore Reserves Statement: Non-Operating Projects
[1],[2]
At 30 June 2024
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
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
0
0
0
0
81
0
0
48
57
0
350
0
0
0
723
1,260
0.00
0.00
0.00
0.00
2.09
0.00
0.00
4.10
3.35
0.00
1.34
0.00
0.00
0.00
0.95
1.36
0
0
0
0
5
0
0
6
6
0
15
0
0
0
22
55
59
98
0
683
3,627
0
262
435
398
0
0
429
357
0
481
6,828
2.98
1.77
0.00
3.00
0.70
0.00
1.93
3.86
3.42
0.00
0.00
1.85
2.18
0.00
0.69
1.52
6
6
0
66
81
0
16
54
44
0
0
26
25
0
11
334
59
98
0
683
3,709
0
262
483
455
0
350
429
357
0
1,204
8,088
2.98
1.77
0.00
3.00
0.73
0.00
1.93
3.88
3.41
0.00
1.34
1.85
2.18
0.00
0.85
1.50
6
6
0
66
87
0
16
60
50
0
15
26
25
0
33
389
Proven
Project
HGO Central District
HGO Greater
Mt Henry
HGO Stockpiles
BHO Stockpiles
Total
Southern Goldfields Gold Operations (Rounded for reporting)
Probable
Total
Tonnes ('000s)
Grade
Ounces Au ('000s)
Tonnes ('000s)
Grade
Ounces Au ('000s)
Tonnes ('000s)
Grade
Ounces Au ('000s)
132
288
7,208
298
47
7,973
2.20
2.28
1.30
0.80
2.09
1.34
9
21
301
8
3
342
512
1,303
3,622
569
0
6,006
3.02
3.00
1.37
0.80
0.00
1.81
50
126
160
15
0
349
644
1,591
10,830
867
47
13,979
2.85
2.87
1.32
0.80
2.09
1.54
59
147
461
22
3
692
1. See Westgold ASX Announcement 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.
27
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