Announcement PDF ASX Announcement 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 13, 200 St Georges Terrace Perth WA 6000 PO Box 7068, Cloisters Square WA 6850 9 September 2026 FY27 Guidance and Three-Year Outlook Fully funded pathway to ~500koz production base Perth, Western Australia, 9 September 2026: Westgold Resources Limited (ASX | TSX: WGX – Westgold or the Company) is pleased to provide its FY27 Guidance and updated Three-Year Outlook (3YO or Outlook or Updated 3YO). Westgold’s updated Three-Year Outlook presents a fully funded organic growth plan to increase Group gold production from 385–425koz in FY27 to 460–510koz in FY29. The plan is underpinned by increased Murchison ore availability, expansion of the Cue and Meekatharra processing hubs and investment in Westgold’s largest mines. This investment is expected to lift production, improve mill utilisation and reduce AISC to A$2,640–A$3,000/oz by FY29 on an FY27 real-cost basis. The 3YO represents a deliverable base case while preserving material upside from opportunities not yet included in the Outlook. The Fletcher Zone at Beta Hunt is the largest organic growth opportunity within Westgold’s portfolio and is not included in this 3YO. Once developed, and supported by a larger Southern Goldfields processing hub, current internal conceptual studies indicate Fletcher could add approximately 140kozpa to Group production and position Westgold to deliver more than 600,000ozpa1 (see Figure 1). Figure 1: Westgold’s 3 Year Outlook 1 This is an aspirational statement and not a warranty as Westgold does not yet have reasonable grounds to conclude that the statement can be achieved. FY27 Guidance and Three-Year Outlook 9 September 2026 2 Highlights FY27 Guidance  Production guidance of 385-425koz – at an All-In Sustaining Cost (AISC) of $2,980-$3,380/oz2 .  Growth capital of $450M-$480M3 – investing in accelerated underground development across Westgold's largest underground mines, open pits and brownfield plant expansions at Cue and Meekatharra.  Exploration and resource definition drilling investment of $50M-$75M3 – focused on continued Resource conversion to Reserve and Resource extension across the Murchison and Southern Goldfields. Three-Year Outlook (3YO)  FY29 production increasing to 460-510koz - underpinned by optimisation and expansion of Westgold's largest mines and Murchison processing hubs.  FY29 AISC reducing to $2,640-$3,000/oz - driven by increasing Murchison ore optionality and mill throughput  Group processing capacity to increase to >7Mtpa by FY29 - through sequenced brownfield expansion of the Cue (FY27), then Meekatharra (FY28) hubs.  > $150M invested into exploration and Resource definition across the 3YO.  Upside opportunities to bring value forward into the 3YO include: o the Polar Star lode at Bluebird-South Junction underground mine o Big Bell South and Paddy's Flat North open pits in the Murchison; and o early Fletcher Zone works at Beta Hunt in the Southern Goldfields. Cautionary Statements The Production Target and associated forecast financial information contained in this announcement are based on Westgold's current mine plans and comprise approximately 86% Ore Reserves, 2% Measured and Indicated Resource, 7% Inferred and 5% Third Party in FY27. 81% Ore Reserves, 8% Inferred and 11% Third Party in FY28. 74% Ore Reserves, 18% Inferred and 8% Third Party in FY29. 2 Third party ounces and costs are excluded from $/oz calculations 3 This reflects the current intentions of the Company and is subject to operational priorities, market conditions and Board approval. Accordingly, this planned investment may be subject to change. FY27 Guidance and Three-Year Outlook 9 September 2026 3 The Company considers that it has a reasonable basis for the Production Target and forecast financial information. The Production Target is predominantly supported by Ore Reserves throughout the outlook period. However, Mineral Resources included within the Production Target do not have the same level of confidence as Ore Reserves and there is no certainty that further work will result in their conversion to Ore Reserves or that the Production Target itself will be realised. Where the Production Target includes Inferred Mineral Resources, there is a lower level of geological confidence associated with those tonnes and there is no certainty that further exploration work will result in the determination of Indicated Mineral Resources or that the Production Target will be achieved. The Ore Reserve and Mineral Resource estimates underpinning the Production Target are those reported in Westgold's 2026 Mineral Resource and Ore Reserve Statement. The Company confirms that all material assumptions and technical parameters underpinning those estimates continue to apply and have not materially changed. Westgold Managing Director and CEO Wayne Bramwell commented: "Westgold’s updated 3YO is a high confidence, executable organic growth plan lifting Group production towards 500,000 oz in FY29. This plan is fully funded with Group All-In Sustaining costs forecast to fall as the benefits of higher-grade ore availability and expansion of key Murchison mines and processing capacity to >7Mtpa are realised, delivering enhanced Group cashflow. The capital program reflects a deliberate decision to prioritise Murchison investment and utilise Westgold's strong balance sheet, improving reserve confidence and growing mining inventories to invest ahead of production. FY27 represents the peak investment year in the 3YO, with elevated non-sustaining capital directed to accelerated underground development, strategic ore inventories and the brownfield expansions of the Cue and Meekatharra processing hubs. Scale is not our primary driver. As these projects are delivered, annual non-sustaining capital is expected to decline through FY28 and FY29, with the benefits of these investments realised through higher production, improved mill utilisation, lower unit costs and stronger Group free cash flow. The Beta Hunt mine is the key growth driver in the Southern Goldfields and beyond the 3YO, the Fletcher Zone within Beta Hunt provides a potential pathway to lift Group production beyond 600,000 ounces per annum. Drilling continues to increase Fletcher’s scale, while development studies will assess the optimum extraction method to maximise its value. Importantly, Westgold’s growth is organic and not coming at the expense of shareholder returns. Our business is now more resilient and has the capacity to internally fund growth while continuing to support our Shareholder Capital Returns Policy4 , dividends and ongoing capital returns.” 4 Refer to the Company's ASX announcement titled "Westgold delivers $122M in FY26 Shareholder Capital Returns" dated 28 August 2026 for further information regarding the Company Shareholder Capital Returns policy. FY27 Guidance and Three-Year Outlook 9 September 2026 4 Figure 2: Murchison and Southern Goldfields (Processing Hubs) 3YO underpinned by Westgold’s streamlined portfolio Guidance and 3YO Overview Westgold (ASX/TSX: WGX) is an unhedged, well-funded Australian gold producer with an extensive portfolio of operating assets in the Murchison and Southern Goldfields of Western Australia (Figure 2). Westgold forecasts FY27 gold production of 385-425koz at an AISC of $2,980-$3,380/oz. The production profile is underpinned by Westgold's four operating processing hubs with 5.8Mtpa of installed processing capacity. Growth over the outlook period is expected to be delivered through increasing utilisation of existing capital infrastructure, higher mine outputs, planned processing expansions and reduced processing of lower-grade stockpile material. Organic growth will be underpinned by $450M-$480M of capital investment and $50M-$75M of exploration and resource definition expenditure in FY273 . The Company’s 3YO foundation is the 2026 Mineral Resource Estimate and Ore Reserves5 . It defines a high confidence, executable plan to grow gold production from 385-425koz in FY27 to 460-510kozpa by FY29, at a competitive all in sustaining cost of $2,640 – $3,000/oz (Table 1). 5 Refer to the Company's ASX announcement titled "2026 Mineral Resource Estimate and Ore Reserves" dated 20 August 2026 for further information. FY27 Guidance and Three-Year Outlook 9 September 2026 5 The 3YO outlines how increasing Group outputs, free cash flows and operating margins will be delivered and is premised upon fully utilising our existing extensive processing infrastructure, increased mine outputs at specific operations and expansions to key processing assets over the 3YO period. Table 1: Westgold’s 3YO Metric Guidance Outlook FY27 FY28 FY29 Gold Production (koz) 385 - 425 425-470 460-510 AISC ($/oz) 2,980 - 3,380 3,000-3,400 2,640-3,000 Non-Sustaining Capex ($M) 450 – 480 430-460 390-410 Exploration & Resource Definition ($M) 50 - 75 50-75 50-75 Key assumptions and strategic updates to the FY26 3YO FY26 was a defining year in the execution of Westgold’s original Three-Year Outlook6 (FY26 3YO). The corporate strategy to focus on our largest assets delivered and Westgold achieved record gold production, exceeded annual production guidance, materially increased Ore Reserves, improved Mineral Resource quality and strengthened confidence in long-term mine plans across the portfolio. These outcomes, together with record operating cash flow and improved geological understanding, have given Westgold the confidence to accelerate development, prioritise the highest-value growth opportunities and refine its long-term growth strategy. The updated FY27 3YO builds on those achievements with the key strategic changes from FY26 3YO outlined below.  Accelerating Murchison growth The most significant change in this 3YO is the increased focus on growth across the Murchison. The FY26 3YO identified the Murchison Open Pit Program, Bluebird-South Junction expansion, Great Fingall ramp-up and processing optimisation as key drivers of future Murchison production growth. Westgold has since advanced each initiative while continuing to grow Ore Reserves and improve mine plan confidence. Ore inventories are expected to grow across the Murchison over the updated 3YO period. In response, Westgold has progressed engineering and development plans for both the Cue Expansion Project (CXP)7 and Meekatharra Expansion Project (MXP)8 , both of which are now included in the FY27 3YO. 6 Refer to ASX announcement titled “Westgold Provides 3-Year Outlook” dated 1 October 2025. 7 Refer to the Company's ASX announcement titled "Cue Hub Expansion to 1.7Mtpa in FY28" dated 5 August 2026. 8 Refer to the Company's ASX announcement titled "2.9Mtpa Meekatharra Expansion Plan" dated 25 August 2026. FY27 Guidance and Three-Year Outlook 9 September 2026 6 Together, these projects increase Murchison processing capacity by approximately 1.4Mtpa, lifting total Murchison capacity to approximately 5.5Mtpa over the 3YO, and provide the most direct pathway to higher production, improved mill utilisation and lower unit costs. Capital allocation has therefore been prioritised towards the Murchison and accelerated over the 3YO period to support the associated mining and milling expansion.  Fletcher growth drives a revised Southern Goldfields strategy The updated 3YO also reflects a reassessment of the preferred growth pathway for the Southern Goldfields. The FY26 3YO contemplated a staged expansion of the Higginsville processing hub from 1.6Mtpa to 2.6Mtpa through the Higginsville Expansion Project (HXP)9 . Since then, ongoing drilling at Fletcher has resulted in the declaration of a maiden Ore Reserve of 13.5Mt at 2.6g/t Au for 1.1Moz and an updated Mineral Resource of 40.1Mt at 2.3g/t Au for 3.0Moz10 , materially increasing the scale of the opportunity and changing the preferred long-term development pathway. As a result, Westgold has deferred inclusion of the HXP in the current 3YO while it evaluates a larger long-term growth solution centred on Fletcher. Current studies assess a potential 4Mtpa processing hub, alternative haulage solutions and the optimal development strategy for the broader Southern Goldfields. As these options remain under evaluation, Fletcher and its associated capital requirements have been excluded from the 3YO and are presented as upside to the Outlook.  Murchison Open Pit Program delivering ahead of schedule The Murchison Open Pit Program was one of the key strategic initiatives identified in the FY26 3YO. Supported by strong operating cash flow, growing Ore Reserves and improved mine plan confidence, Westgold commenced the program approximately three months ahead of schedule during Q4 FY2611 . The program is more than an additional ore source. It establishes strategic ore inventories ahead of the Meekatharra and Cue processing hubs, reducing reliance on stockpile haulage, improving operating flexibility and supporting more consistent production. These inventories also strengthen the economic rationale for MXP and CXP and provide the foundation for increased Murchison throughput over the 3YO.  Improved Resource quality increases confidence in the Outlook During FY26, Westgold increased Group Ore Reserves by 41% to 4.1Moz5 , after adjusting for asset sales. Improved Measured and Indicated Resource confidence, accelerated underground development and sustained investment in exploration and resource definition have expanded mining inventories, reduced geological uncertainty and improved confidence in future production outcomes. 9 Refer to the Company's ASX announcement titled "Board Approves Higginsville Expansion Plan" dated 10 March 2026. 10 Refer to the Company's ASX announcement titled "1.1Moz Maiden Fletcher Ore Reserve" dated 18 August 2026. 11 Refer to the Company's ASX announcement titled " June 2026 Quarterly Results" dated 22 July 2026. FY27 Guidance and Three-Year Outlook 9 September 2026 7 This provides a stronger foundation for the updated 3YO and as such the updated 3YO is more than a revised production forecast. It reflects the successful delivery of the FY26 plan and leverages a stronger asset base, higher-quality Ore Reserves and improved mine plan confidence across the portfolio.  Additional key assumptions Cost and production forecasts are based on current operating metrics across the business. Capital cost assumptions are derived from completed studies unless otherwise stated. Mining productivity assumptions are applied consistently across the mine plans, providing a conservative baseline with the potential for operational outperformance. The result is a fully funded, executable 3YO designed to deliver higher production, lower unit costs and a stronger platform for long-term organic growth and free cashflow. Gold Production across the 3YO Westgold forecasts gold production of 385-425koz in FY27, increasing to 425-470koz in FY28 and 460-510koz in FY29. Production growth is driven by Westgold’s streamlined operating portfolio and expanded processing infrastructure, with higher outputs expected from increased mill utilisation, ore availability and continued development of key Murchison mining fronts. The 3YO assumes ongoing optimisation of Westgold’s four processing hubs, with installed capacity increasing from approximately 5.8Mtpa in FY27 to 7.2Mtpa by FY29 through the CXP and MXP (see Figure 3). Figure 3: Hub Milling Capacity assumed in the 3YO 1.6 1.6 1.6 1.4 1.7 1.7 1.8 2.4 2.9 0.9 0.9 0.9 0.1 FY27 0.1 FY28 0.1 FY29 5.8 6.7 7.2 Fortnum Hub Meekatharra Hub Cue Hub Higginsville Debottlenecking/SG Toll Treatment Higginsville Hub FY27 Guidance and Three-Year Outlook 9 September 2026 8 The key growth projects and their delivery timings are depicted below in Figure 4. Figure 4: Key growth project milestones (Fletcher excluded from 3YO) Murchison  Fortnum Hub Fortnum is expected to deliver steady mine and mill performance across the Outlook, supported by a balanced underground mine plan (see Figure 5) and processing profile. Open pit mining at Fortnum is planned across FY28 and FY29 as part of the Murchison Open Pit Program and development of the long-term tailings storage facility. The activity generates mill feed inventory while enabling critical infrastructure development, reducing execution risk and preserving long-term production continuity. Westgold has assumed no third-party ore is processed at Fortnum in the 3YO. FY27 Guidance and Three-Year Outlook 9 September 2026 9 Figure 5: Starlight Long Section A scoping study assessing expansion of the Fortnum hub to 1.5Mtpa was completed in December 2024. Plant debottlenecking has since lifted throughput towards approximately 1Mtpa during 2026, providing operating data to inform future expansion decisions.  Meekatharra Hub Meekatharra growth is driven primarily by higher output from Bluebird-South Junction (see Figure 6), the hub’s main ore source. Bluebird-South Junction achieved a 1Mtpa mining rate in June 2026, with rates expected to increase to 1.2Mtpa during FY27 from two mining fronts (Bluebird and South Junction). This increased production is expected to displace lower-grade stockpile material previously hauled from Cue. FY27 Guidance and Three-Year Outlook 9 September 2026 10 Figure 6: Bluebird-South Junction Long Section Polar Star – the third mining front within Bluebird-South Junction. A new portal developed in FY26 provides access for diamond drilling to expand the Mineral Resource and increase mine plan confidence. Given Polar Star’s proximity to the existing South Junction mine plan, production could be introduced from a third mining front relatively quickly once drilling, planning and development is sufficiently advanced. The current schedule assumes Polar Star commences in FY28 and ramps up to contribute approximately 500ktpa additional mine output from FY29, subject to drilling outcomes, mine planning and delivery of the required development. The Murchison Open Pit Program, which commenced around three months ahead of schedule in Q4 FY26, is already supplying higher-grade open pit ore to Meekatharra. This reduces reliance on lower-grade stockpiles and long-distance haulage, builds strategic ore inventories ahead of the mill and supports more consistent production, greater operating flexibility and higher utilisation of the Meekatharra processing hub. The 3YO assumes third-party ore purchase agreements contribute approximately 30koz in FY27, 70koz in FY28 and 40koz in FY29. Growing ore inventories from increasing mine production near the hub underpin the MXP, which will expand processing capacity from 1.8Mtpa to 2.9Mtpa by mid-FY28. Engineering and construction are expected to take approximately 18 months. The development concept utilises equipment already procured for the Higginsville expansion, improving capital efficiency and potential MXP throughput. FY27 Guidance and Three-Year Outlook 9 September 2026 11  Cue Hub Cue Hub growth is expected to be driven by increased Great Fingall ore, which will progressively replace lower-grade Big Bell feed. Great Fingall is forecast to ramp steadily to 40kt per month, with grades improving following access to virgin stopes at Golden Crown and the Great Fingall reef in Q4 FY26. At Big Bell, the mine plan progressively shifts from transverse mining in the upper cave toward the virgin Big Bell Deeps area (see Figure 7). Big Bell Deeps is expected to deliver ore from FY28, creating the potential for a second higher-grade ore source at the Cue hub. Subject to upper-cave performance, Westgold may be able to operate two distinct mining areas, with Big Bell Deeps contributing grade and the existing cave contributing volume. This configuration would improve flexibility in balancing feed grade, production rate and sequencing. The current study basis contemplates Big Bell Deeps being mined using longhole open stoping with paste fill. Most key supporting infrastructure, including paste plants and reticulation, has already been procured. The preferred mining method remains subject to ongoing studies, with a final decision scheduled for H2 FY27. Figure 7: Big Bell Trend showing the Big Bell Deeps Increasing production from Big Bell and Great Fingall underpins the CXP, a capital-light expansion of Cue processing capacity from 1.4Mtpa to 1.7Mtpa. The 3YO assumes expanded capacity becomes available in late FY27, with long-lead items already procured. Independent analysis has confirmed CXP’s project economics and proposed implementation strategy. Delivery remains subject to execution against the approved scope, schedule and capital plan. FY27 Guidance and Three-Year Outlook 9 September 2026 12 Southern Goldfields Southern Goldfields production is expected to remain broadly stable through the 3YO, with Beta Hunt continuing as the key ore source for the Higginsville processing hub. The 3YO prioritises profitability, productivity and future growth options while maintaining consistent mill feed to Higginsville. Beta Hunt provides stable ore supply, supporting efficient use of existing infrastructure and a predictable Southern Goldfields production profile. Beta Hunt grades are expected to moderate as the mine plan shifts toward a greater contribution from bulk mining methods. While this is expected to modestly reduce delivered grade, the selected mining approach should improve productivity, reduce development intensity and lower unit mining costs, supporting stronger overall mining economics and a more sustainable long-term production profile. Development completed in FY26 supports the implementation of a transverse primary and secondary mining sequence in FY27 (see Figure 8). The layout separates production into northern and southern mining districts, improving operating flexibility, traffic flow and interaction between mining activities. Figure 8: Western Flanks Transverse Level developed in FY26 The 3YO assumes the Lakewood tolling agreement ends in FY27. From FY28, the 3YO assumes a further tolling solution of approximately 100ktpa or an equivalent processing improvement through Higginsville debottlenecking. The 3YO uses the existing Beta Hunt mine inventory and excludes any contribution from the emerging Fletcher Zone or continued production from Two Boys. Fletcher remains a significant long-term Southern Goldfields growth opportunity, while Two Boys continues to produce in FY27 as drilling assesses potential mine-life extensions. FY27 Guidance and Three-Year Outlook 9 September 2026 13 AISC FY27 AISC guidance is A$2,980-A$3,380/oz2 . The FY27 cost profile reflects ongoing inflation in labour, energy and consumables, higher royalties in a stronger Australian dollar gold price environment, increased Murchison open pit mining and lower forecast grades in the Southern Goldfields. This cost profile should be viewed in the context of Westgold’s broader optimisation strategy. The Company is investing in mine development, ore inventories and operating flexibility to build a more resilient production platform and lift utilisation of existing processing infrastructure. Key initiatives include building strategic ore inventories from the Murchison Open Pit Program and accelerated underground development across priority mining centres. On a FY27 real cost basis, Westgold expects AISC to reduce to A$2,640-A$3,000/oz by FY29. The expected improvement is driven by higher-grade ore feed at key hubs, reduced reliance on lower-grade stockpiles and increased contribution from established mining fronts, including Bluebird-South Junction, Polar Star, Great Fingall and Big Bell Deeps. Lower unit costs are also expected from greater operating flexibility delivered by the Murchison Open Pit Program and expanded processing capacity at the Meekatharra and Cue hubs. Non-Sustaining Capital Westgold expects FY27 non-sustaining capital expenditure of $450M-$480M3 . This reflects a deliberate strategy to accelerate mine development, expand processing capacity and build mining inventory ahead of production. Continued investment in drilling, resource definition and mine planning has improved confidence in the Outlook and supports more consistent production across Westgold’s four processing hubs. A significant proportion of capital over the 3YO is directed to the Murchison (see Figure 9), reflecting growing ore inventories, higher mine output and increased use of existing processing infrastructure. Growth from Bluebird-South Junction, Great Fingall, Big Bell and the Murchison Open Pit Program is creating the need for additional milling capacity and supporting infrastructure. Accordingly, the 3YO includes both the MXP and CXP. The 3YO assumes FY27 spend of $20M for CXP and assumes at total of $100M for MXP, split evenly across FY27 and FY28. Together, these projects increase Group milling capacity from approximately 5.8Mtpa in FY27 to 7.2Mtpa by FY29. Much of the FY27 and FY28 investment is directed toward future production fronts rather than sustaining current operations. This includes development at Bluebird-South Junction and advancing the Polar Star and Big Bell Deeps mining areas, which are expected to support production growth and longer-life mining centres beyond the current 3YO. FY27 Guidance and Three-Year Outlook 9 September 2026 14 The Outlook assumes $80M of development capital for Polar Star across FY28 and FY29 and $110M for Big Bell Deeps over the same period. The capital profile peaks in FY27 and declines through the remainder of the 3YO as major development activities, MXP and CXP progress towards completion. As these projects are delivered, Westgold expects higher production, lower unit costs and stronger free cash flow generation. While 3YO capital allocation is focused on the Murchison, the Southern Goldfields remains strategically important. The maiden Ore Reserve and updated Mineral Resource at Fletcher have changed the preferred long-term development pathway, prompting reassessment of the Higginsville expansion strategy. Fletcher and its associated capital requirements are therefore excluded from the 3YO while haulage, processing and development studies are completed. Future growth capital is expected to shift increasingly toward the Southern Goldfields once the preferred Fletcher development pathway is established. The 3YO capital program underpins production during the 3YO period while establishing the mining fronts expected to drive growth beyond FY29. Figure 9: Non-sustaining capital focused on the Murchison Figure 10 below shows the key movements between Non-Sustaining Capital Expenditure forecast in the FY26 3YO for FY27 against the Non-Sustaining Capital Expenditure within the FY27 Guidance. FY27 Guidance and Three-Year Outlook 9 September 2026 15 Figure 10: Non-sustaining capital movement between FY27 in FY26 3YO and the updated 3YO The key capital movements from the FY26 3YO to the updated 3YO are summarised below:  Murchison Expansion Projects (MXP and CXP) Growing ore inventories in the Murchison have prioritised the expansion of the Cue and Meekatharra capital towards MXP and CXP. These projects provide additional capacity to process increasing Murchison ore inventories and mine output.  Beta Hunt Resource Growth and Mining Optimisation Enhanced bulk-stoping methods implemented across A Zone and Western Flanks at Beta Hunt in FY26 have identified opportunities beyond the current two-year production horizon. A triple-lift approach could materially reduce development metres per stope tonne, improve efficiency and lower operating costs. Additional diamond drilling has been included in the 3YO to support this opportunity.  Ventilation upgrades Westgold has brought forward several primary ventilation upgrades across its underground operations. These projects are expected to support earlier expansion of mining activity, improve energy efficiency and enable additional underground equipment to be deployed sooner.  Larger Great Fingall mine design has deferred commercial production Drilling at Great Fingall and Golden Crown has improved orebody knowledge and geological confidence, supporting a larger and lower-risk mine design than the original Feasibility Study. FY27 Guidance and Three-Year Outlook 9 September 2026 16 Underground drilling, required due to nuggety mineralisation, and further assessment of historic workings have refined the mine plan, with commercial production now expected in FY27.  Accelerated underground development builds long-term mining consistency Westgold’s record FY26 cash position has enabled accelerated underground development ahead of current mining fronts. This capital investment builds operational buffer, improves scheduling flexibility, supports higher mill throughput where capacity exists and increases portfolio resilience. The updated 3YO reflects Westgold’s shift from stabilising a historically underinvested asset base to investing for sustainable growth. The revised capital profile prioritises infrastructure upgrades, operating efficiency and long-term organic growth across the portfolio. Importantly, the 3YO remains fully funded and is expected to support the Company's Shareholder Capital Returns Policy, including dividends and capital returns, throughout the outlook period. Exploration and Resource Definition Westgold expects to invest $50-$75M in exploration and resource definition during FY27, building on its industry-leading FY26 Reserve replacement performance. The program is focused on converting and extending the Company’s 14.4Moz Mineral Resource inventory across its tenure. Westgold is currently operating seven surface rigs and 19 underground drill rigs planning to drill over 600km in FY27 across grade control, resource definition and exploration programs. Resource definition drilling is focused on key upside areas outside the 3YO but within the broader Life of Mine plan:  Big Bell South (Murchi