Announcement PDF ASX / TSX : WGX Westgold Resources Limited Bridging the valuation gap Important Notices and Disclaimer Investor Presentation This investor presentation is dated 10 March 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. 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. 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. 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. 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. 2 Important Notices and Disclaimer Ore Reserves and Mineral Resources JORC CODE 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. 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. 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. 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. 3 Westgold – our value proposition Established, top 5 ASX / top 10 TSX gold producer valued at ~$2.3Bn [1] Unhedged gold producer – full exposure to gold price Murchison Asset rich – Five processing plants and six underground mines across 2 of WA’s richest gold fields Kalgoorlie Southern Goldfields Robust balance sheet - enables self-funded growth Set to bridge the valuation gap… 1. Based on closing price of A$2.49/share on 7 March 2025 and 943.1m shares outstanding. 4 Asset and infrastructure rich Murchison Southern Goldfields 2 3,200km of tenure across two of WA’s richest goldfields >35Moz gold endowment >120Moz gold endowment 5 FY25 Guidance Outputs anticipated to increase in H2 FY25 Updated FY25 Guidance FY25 YTD Actual H2 FY25 Guidance 330,000 – 350,000 158,255 172,000 – 192,000 2,400 – 2,600 2,562 2,400 – 2,600 Growth Capital ($M) 200 114 86 Exploration ($M) 50 23 27 Production (oz) AISC ($/oz) 6 Two mine expansions Beta Hunt annualised run rate (Mtpa) Bluebird annualised run rate (Mtpa) 0.62 Impact of updated ground support on ramp up 0.55 0.45 0.26 0.24 1.90 1.60 1.43 1.39 1.51 Primary vent, rising main failure 0.26 Pre-merger Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 7 South Junction delivers expanded output Transverse stoping increases mining rates but requires increased development up front South Junction - ~615kt Bluebird - ~89kt Bluebird – South Junction 1015 level, plan view 8 Beta Hunt infrastructure upgrades progressing Ventilation Mine Water  Replacing existing non-OEM bearings with OEM bearings • Pumps and piping on order B6 Primary Vent Fan  Additional OEM bearings added to the critical spares inventory Primary Vent Upgrade  Installation of two New Primary Vent Fans increase Primary ventilation by 50%  Civil works for fan installation complete Completion on schedule for late April 2025. Raising Main Replacement • Increase pumping capacity out of the mine from 20l/s to 50l/s • Project completion planned for May 2025 Water supply from Formidable Pit Underground Power High Voltage underground Feeder replacement • Current feeder cable is old and suspended down a return air vent shaft creating increased risk of cable damage  Infrastructure on order • Replacement project will drill a new surface hole and install a new high voltage feeder. Project completion planned for late April 2025. Project completion planned for June 2025 9  Agreements established Drilling investment adds ounces … enhances the rate of discovery and resource conversion Exploration investment growing with capability & success Growth in exploration expenditure H2 FY25 Guidance Actual $50M $27M $25M Actual $19M $23M FY23 FY24 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 FY25 10 Treasury enables our strategy Strong Balance Sheet Upsized credit facility Unhedged gold production Dividend policy $152M in Cash, Bullion and Liquid Investments at 31 December 2024 Access to $300M in credit facilities, with $250M undrawn at 31 December 2024 Record revenue of $624M in H1 FY25 Minimum 1 cent per share annualised dividend up to a maximum of 30% free cash flow 11 Sustainability The right approach to protecting our people and the environment 82MW of hybrid power (gas, solar and battery) facilities now in operation Reducing Total Injury Frequency Rate 12 Month rolling Injury Frequency Rate (injuries/million hours worked) 20 These hybrid facilities: 18.44 Reduce diesel consumption by 38 million litres per annum 15 10 6.85 Reduce carbon emissions by 56% 5 Deliver ≈$60/oz in AISC savings1 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 FY23 FY23 FY23 FY23 FY24 FY24 FY24 FY24 FY25 FY25 1. At a diesel price assumption of A$1.64/L. AISC savings refer to the Murchison operations only. 12 Bridging the value gap  Portfolio optimisation - Larger mines feeding larger mills  Cost base optimisation – underway and rapidly gaining momentum  Transverse stoping at South Junction – will increase mine outputs rapidly  Beta Hunt infrastructure upgrades – enables higher productivity from Q4  17 rigs drilling – defining resource and adding ounces 13 Westgold – post merger Top 5 ASX / Top 10 TSX Producer $2.3B market capitalisation[1] Unhedged Financial Strength 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 1. Based on closing price of A$2.49/share on 7 March 2025 and 943.1m shares outstanding. Investing in Growth Shareholder Returns is Our Focus Large organic growth pipeline Focus on FCF and returns to shareholders not scale for scale sake 14 Contact Information Bridging the valuation gap Investor Relations Kasun Liyanaarachchi | Group Manager IR & Communications kasun.liyanaarachchi@westgold.com.au +61 458 564 483 ASX / TSX: WGX westgold.com.au Board and management Hon. Cheryl Edwardes AO Wayne Bramwell Julius Matthys Fiona Van Maanen Gary Davison David Kelly Independent Non-Executive Chair Managing Director & CEO Independent NonExecutive Director Independent Non-Executive Director Independent NonExecutive Director Independent Non-Executive Director Shirley In’t Veld Independent Non-Executive Director Tommy Heng Aaron Rankine Simon Rigby Susan Park Melissa Wren Anastasia Gotjamanos Andrew McDougall Chief Financial Officer Chief Operating Officer Chief Growth Officer Company Secretary Chief People Officer Chief Legal Officer Chief Technical Officer 16 Resource now 1.4Moz – up 244% from FY23 MRE BluebirdSouth Junction Ore Reserve is currently 573Koz 17 Beta Hunt – Fletcher and Mason are next 18 Great Fingall 19 Big Bell & Fender 20 Starlight 21 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. 22 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. 23 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. 24 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 th