Announcement PDF ASX Announcement 14 February 2025 APPENDIX 4D - RESULTS FOR ANNOUNCEMENT TO THE ASX Perth, Western Australia14 February 2025: Westgold Resources Limited (ASX | TSX: WGX – Westgold or the Company) is pleased to present this Appendix 4D which is to be read in conjunction with the 2024 Annual Financial Report, the 31 December 2024 Half-year Financial Report and Directors’ Report. DIVIDEND INFORMATION During the period a fully franked dividend of 1.25 cents per share was declared and paid. CONSOLIDATED RESULTS Consolidated Revenue Cost of sales Profit before tax attributable to members Net (loss)/profit attributable to members Cash inflow from operating activities Cash outflow used in investing activities Cash inflow/(outflow) used in financing activities Cash costs per ounce All-in sustaining costs per ounce Gold produced Consolidated Assets Liabilities Net Assets Cash and cash equivalents Financial assets at fair value through profit and loss Net tangible assets per share 1 31 December 2024 $623,951,939 ($497,711,270) 31 December 2023 $363,098,988 ($291,032,565) Movement $ $260,852,951 ($206,678,705) Movement % 72% 71% $4,626,902 $64,302,636 ($59,675,734) (93%) ($27,561,171) $125,365,722 ($256,677,758) $43,788,666 $161,237,951 ($102,824,764) ($71,349,837) ($35,872,229) ($153,852,994) (163%) (22%) 150% $18,194,567 $2,311 $2,562 158,255 oz 31 December 2024 $2,948,684,578 $1,040,739,367 $1,907,945,211 $122,815,208 ($10,251,738) $1,767 $2,093 122,342 oz 30 June 2024 $1,052,499,899 $360,698,793 $691,801,106 $236,039,162 $28,446,305 $544 $468 35,913 oz Movement $ $1,896,184,679 $680,040,574 $1,216,144,105 ($113,223,954) (277%) 31% 22% 29% Movement % 180% 189% 176% (48%) $12,193,522 $8,010,952 $4,182,570 52% $2.03 $1.46 $0.57 39% Net tangible assets include right-of-use assets. ANALYSIS OF CONSOLIDATED RESULTS Revenue: Reflects the increase in the achieved gold price to $3,910/oz compared to $2,963/oz in the comparative period and the acquisition of Karora Resources Inc. (“Karora”), with the transaction being effective on 1 August 2024. This resulted in five months’ worth of gold sales during the period from the Southern Goldfields, which was not the case for the prior period. Cost of sales: The increase was a result of the acquisition of Karora and the new enlarged Westgold Group, with gold produced increasing by 35,913oz. All-in sustaining cost per ounce: The increase of $468/oz was mainly attributable to the lower than anticipated production from Bluebird-South Junction and Beta Hunt combined with the impact of the new enlarged Westgold Group including five months of Southern Goldfields operating costs. Westgold Resources Limited ABN 60 009 260 306 ASX | TSX: WGX T: +61 8 9462 3400 E: perth.reception@westgold.com.au W: westgold.com.au Level 6, 200 St Georges Terrace Perth WA 6000 PO Box 7068, Cloisters Square WA 6850 Assets: the increase is mainly a result of the acquisition of Karora and the new enlarged Westgold Group. Cash and cash equivalents: The decrease in cash and cash equivalents was predominantly driven by the cash payments made in relation to the acquisition offset by the higher achieved gold price. CHANGES IN CONTROLLED ENTITIES During the period, Westgold Personnel Pty Ltd was incorporated on 7 November 2024. In addition, as part of the acquisition of Karora, the below subsidiaries became part of the Westgold Group. Name of Subsidiary Beneficial Ownership Karora Resources Inc. 100% Karora (Beta Hunt) Pty Ltd. 100% Karora (Higginsville) Pty Ltd. 100% Karora (Lakewood) Pty Ltd. 100% Avoca Resources Pty Ltd. 100% Corona Minerals Pty Ltd. 100% Hill 51 Pty Ltd. 100% Karora Australia Pty Ltd. 100% Karora Resources Pty Ltd. 100% Polar Metals Pty Ltd. 100% Red Hill Gold USA Corp. 100% VMS Ventures Inc. (Dissolved 20 December 2024) 100% 25657171 Ontario Inc. (Dissolved 19 December 2024) 100% This announcement is authorised for release to the ASX by the Board. Investor and media relations enquiries Investor Relations Kasun Liyanaarachchi | Investor Relations Manager investor.relations@westgold.com.au +61 458 564 483 Appendix 4D – Results for Announcement to the ASX 14 February 2025 2