Announcement PDF MANAGEMENT’S DISCUSSION AND ANALYSIS Three and Twelve Months Ended 30 June 2025 CONTENTS MANAGEMENT’S DISCUSSION AND ANALYSIS ........................................................................ 1 HIGHLIGHTS Q4 FY25 ............................................................................................................. 2 Introduction ........................................................................................................................................... 2 Key Growth Highlights ............................................................................................................................ 4 Other Corporate Highlights ..................................................................................................................... 4 DESCRIPTION OF BUSINESS ................................................................................................... 5 Business Values ..................................................................................................................................... 5 ENVIRONMENTAL AND SOCIAL GOVERNANCE (ESG)................................................................ 6 People ................................................................................................................................................... 6 Safety and Sustainability ........................................................................................................................ 6 OVERALL PERFORMANCE AND OPERATING RESULTS Q4 FY25 .................................................. 8 Operating Data ....................................................................................................................................... 8 Q4 FY25 Group Performance ................................................................................................................. 10 Murchison ............................................................................................................................................ 10 Southern Goldfields .............................................................................................................................. 13 Operating Costs .................................................................................................................................... 15 Capital Expenditure .............................................................................................................................. 15 EXPLORATION ......................................................................................................................16 Murchison ............................................................................................................................................ 16 Southern Goldfields .............................................................................................................................. 23 FINANCIAL RESULTS .............................................................................................................29 Income Statement ................................................................................................................................ 29 Financial Position at 30 June 2025 .......................................................................................................... 32 Gold Hedging ........................................................................................................................................ 35 Dividends ............................................................................................................................................. 35 Liquidity and Capital Resources ............................................................................................................ 35 Operating Activities ............................................................................................................................... 36 Investing Activities ................................................................................................................................ 37 Financing Activities ............................................................................................................................... 37 Net Cash Flows ..................................................................................................................................... 37 Debt Facilities....................................................................................................................................... 37 OUTLOOK.............................................................................................................................38 Guidance .............................................................................................................................................. 38 OUTSTANDING SHARE DATA ..................................................................................................39 Off-Balance Sheet Arrangements ........................................................................................................... 39 Transactions Between Related Parties ................................................................................................... 39 Proposed Transactions.......................................................................................................................... 39 Subsequent Events ............................................................................................................................... 39 Management’s Discussion and Analysis Three and Twelve Months Ended 30 June 2025 i Critical Accounting Policies and Estimates ............................................................................................ 39 Non-IFRS Measures ............................................................................................................................... 40 Cautionary Statement Regarding Forward Looking Information ............................................................... 40 Cautionary Note to U.S. Readers Regarding Estimates of Resources ....................................................... 41 Qualified Persons & Disclosure of Technical Information ........................................................................ 41 Cautionary Statement Regarding Risks .................................................................................................. 43 FIGURES Figure 1: Westgold Quarterly Production (oz), Achieved Gold Price and AISC ($/oz) ..................................... 3 Figure 2: Westgold Monthly AISC ($’m) & ($/oz) .......................................................................................... 3 Figure 3: The TRIFR Decreased in Q4 FY25 .................................................................................................. 7 Figure 4: Murchison Location Map ........................................................................................................... 10 Figure 5: Southern Goldfields Location Map ............................................................................................ 13 Figure 6: Westgold Monthly AISC ($’m) & ($/oz) ........................................................................................ 15 Figure 7: Starlight schematic long-section showing better drill results returned during the quarter. ........... 17 Figure 8: Bluebird-South Junction schematic long-section showing select near mine drill results in Q4. .... 18 Figure 9: Big Bell schematic long-section showing better drill results returned in Q4 FY25. ........................ 19 Figure 10: Great Fingall –schematic oblique-section looking North (select drill results returned during Q4 FY25). .................................................................................................................................................... 20 Figure 11: Murchison priority Greenfields exploration targets for CY25 ..................................................... 21 Figure 12: Southern Goldfields Location Map ........................................................................................... 23 Figure 13: Plan view schematic of the Fletcher zone at Beta Hunt ............................................................. 24 Figure 14: Fletcher schematic long-section: select drill results returned during Q4 FY25 ........................... 25 Figure 15: Beta Hunt FY25 Life of Mine plan schematic long-section: select drill results returned in Q4 FY25 .............................................................................................................................................................. 26 Figure 16: Two Boys schematic long-section: select drill results returned in Q4 FY25 ................................ 27 Figure 17: Southern Goldfields priority Greenfields exploration targets for CY25 ....................................... 28 TABLES Table 1: Westgold’s Operating Performance .............................................................................................. 8 Table 2: Westgold’s Q4 FY25 Mining Physicals ........................................................................................... 9 Table 3: Westgold’s Q4 FY25 Processing Physicals .................................................................................... 9 Table 4: Stage 1 Fletcher Zone Mineral Resource Estimate ....................................................................... 24 Table 5: Westgold FY25 Guidance ........................................................................................................... 38 Management’s Discussion and Analysis Three and Twelve Months Ended 30 June 2025 ii MANAGEMENT’S DISCUSSION AND ANALYSIS The following Management’s Discussion and Analysis (“MD&A”) represents significant factors and information management deems essential for understanding the consolidated financial condition and operational performance of Westgold Resources Limited and its subsidiaries (“Westgold” or the “Company”) and of the Consolidated Entity, being the Company and its controlled entities (the “Group”), for the three and twelve months ended 30 June 2025. This MD&A should be read alongside the Company’s Reviewed Interim Condensed Financial Report for the six months (“H1 FY25”) ended 31 December 2024, the Quarterly Activity Reports lodged with the Australian Securities Exchange (“ASX”) and the Audited Consolidated Financial Report and related notes for the year ended 30 June 2024 and 2025. The Audited Consolidated Financial Report has been prepared in accordance with Australian Accounting Standards as issued by the Australian Accounting Standards Board (“AASB”), which also comply with International Financials Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board. The Unaudited Interim Condensed Financial Report has been prepared in accordance with AASB 134 Interim Financial Reporting. This MD&A includes certain forward-looking statements, with reference made to the “Cautionary Statement Regarding Forward-Looking Information” located at the end of this document. For the purpose of preparing this MD&A, management, together with the Company’s Board of directors, regards information as material if: (i) such information results in, or would reasonably be expected to result in, a significant change in the market price or value of the Company’s common shares; or (ii) there is a substantial likelihood that a reasonable investor would consider it important in making an investment decision. Additional information related to the Company, can be viewed on the ASX website (www.asx.com.au), SEDAR+ (www.sedarplus.ca) and the Company’s website (www.westgold.com.au). This MD&A includes certain non-IFRS measures. The Company believes that these measures provide investors with enhanced ability to evaluate the underlying performance of the Company. Non-IFRS measures should not be considered in isolation or as a substitute for performance measures prepared in accordance with IFRS. Non-IFRS measures do not have any standardised meaning prescribed under IFRS, and therefore they may not be comparable to similar measures presented by other issuers. All dollar figures stated herein are expressed in Australian dollars (“AUD”) and Millions of dollars are expressed in (“M”), except for per share or per ounce amounts or unless otherwise specified. Information contained herein is presented as at 30 June 2025, unless otherwise indicated. The issue date of this MD&A is 28 August 2025. Management’s Discussion and Analysis Three and Twelve Months Ended 30 June 2025 1 HIGHLIGHTS Q4 FY25 Introduction The Group operates across the Murchison and Southern Goldfields regions of Western Australia. The Murchison Operations incorporate multiple underground mines (Big Bell, Great Fingall, Fender, Bluebird-South Junction and Starlight) and three processing hubs (Tuckabianna, Bluebird and Fortnum). The Southern Goldfields Operations incorporate the Beta Hunt and Two Boys underground mines and the Higginsville processing hub. The Lakewood processing hub, which was acquired as part of the Southern Goldfields Operations, was divested at the end of Q3 FY25. • Production Westgold achieved a record quarterly production of 88,022oz in Q4 FY25. The increase in production came from the Murchison where 54,811oz were produced (Q3 FY25: 42,906oz), with this lift attributed to the access to stopes at Bluebird-South Junction and the higher grade Galaxy lodes at Starlight. The Southern Goldfields produced 33,211oz (Q3 FY25: 37,201oz), with the quarter-on-quarter reduction attributable to intermittent issues associated with older equipment in the load and haul fleet at Beta Hunt. • Revenue In Q4 FY25, 71,500oz of gold was sold at a record achieved gold price of $5,174/oz generating $370M in revenue. This was higher than the $363M generated in Q3 FY25, in which 78,398oz were sold at an achieved gold price of $4,430/oz. The increase in revenue was due to the higher achieved gold price. Westgold continues to be free of any fixed forward sales contracts and continues to be favourably exposed to the elevated spot prices for gold. Production and Processing Costs: 1,408,120t of ore was processed in Q4 FY25 (Q3 FY25 – 1,296,656t) at an average grade of 2.1g/t Au (Q3FY25 – 2.1g/t Au). Group All-In Sustaining Cost (“AISC”) in Q4 FY25 was $237M (Q3 FY25 – $227M), with the $10M variance mainly a result of increased mining activity and gold production in Q4 across the group. • AISC per Ounce Produced The AISC for Q4 FY25 of $2,688/oz decreased from $2,829/oz Q3 FY25 as a result of increased mining activity and gold production in Q4 across the group. • Mine Operating Cash Flow With an AISC margin in Q4 FY25 of $2,486/oz over achieved gold price (Q3 FY25 – $1,801/oz), Westgold’s operations generated $219M of mine operating cashflows. Management’s Discussion and Analysis Three and Twelve Months Ended 30 June 2025 2 80,886 77,369 24,480 34,425 37,201 52,889 46,461 42,906 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 3,493 3,723 2,422 4,066 2,703 52,795 2,041 Gold production (oz) Southern Gold Fields Murchison 33,211 54,811 Q4 FY25 5,174 4,630 2,829 2,688 227 237 219 187 88,022 80,107 Achieved gold price ($/oz) AISC ($/oz) AISC ($M) 108 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 1 Figure 1: Westgold Quarterly Production (oz), Achieved Gold Price and AISC ($/oz) 3,148 120 110 100 90 2,619 2,309 2,490 2,209 2,342 2,370 2,800 2,633 88 1,983 70 2,622 2,542 2,561 3,000 2,754 2,198 2,230 80 2,796 2,791 2,643 3,149 70 1,842 74 75 75 69 71 76 2,355 82 80 2,200 2,000 0 48 50 40 45 -200 50 42 38 35 35 38 -400 43 -600 -800 30 0 2,400 1,800 67 60 40 2,600 -1,000 Oct 23 Nov Dec 23 23 Jan 24 Feb 24 Mar 24 Apr 24 May 24 Jun 24 Jul 24 Aug 24 AISC (A$M) Sep 24 Oct 24 Nov Dec 24 24 Jan 25 Feb 25 Mar 25 Apr May 25 25 Jun 25 AISC/oz (A$/oz) Figure 2: Westgold Monthly AISC ($’m) & ($/oz) Management’s Discussion and Analysis Three and Twelve Months Ended 30 June 2025 3 -1,200 • Cash, Bullion and Investments Westgold closed the quarter with cash, bullion and liquid investments of $364M. This result was driven by consistent group gold production and increased gold prices building $171M of cash from operations, and proceeds from the Lakewood divestment. Mar 2025 Quarter ($M) Jun 2025 Quarter ($M) Variance ($M) Variance (%) Cash 179 240 61 34 Bullion 28 96 68 243 Investments 25 28 3 12 Cash, Bullion and Investments 232 364 132 57 Description Key Growth Highlights • Higginsville Expansion Plan (HXP) A detailed engineering study, upgrading the existing 1.6Mtpa Higginsville mill to 2.6Mtpa has been awarded. This study will be predicated on an installed capacity of 2.6Mtpa with key processing equipment oversized to make future allowance for the possible expansion to circa 4Mtpa. • Portfolio Review – Divestment Programme Westgold’s corporate strategy is to simplify its portfolio and focus on its larger or higher-grade operating assets. A portfolio review undertaken during the quarter has now prioritised several of Westgold’s smaller assets for divestment. These assets include the Comet underground mine at Cue, the Paddy’s Flat underground complex at Meekatharra, the South Emu-Triton package (Reedy’s), Peak Hill (near Fortnum) and the Mt Henry-Selene assets (near Norseman). The formal divestment process will commence during Q1, FY26. Other Corporate Highlights • Ivan Mullany joins the Board During the quarter, Mr Ivan Mullany was appointed to Westgold’s Board of Directors as a NonExecutive Director, bringing with him an extensive international career in consultancy and management within the mining sector. Having held key leadership positions in various global mining companies, Mr Mullany has a proven track record of driving operational efficiency and strategic growth initiatives. His addition to the Board of Directors is expected to enhance Westgold’s ability to optimize operations and deliver lasting value to shareholders as the Company pursues significant growth opportunities and operational savings. Management’s Discussion and Analysis Three and Twelve Months Ended 30 June 2025 4 DESCRIPTION OF BUSINESS Westgold Resources Limited is a leading, unhedged ASX200 gold producer, committed to unearthing enduring value for all its stakeholders. Westgold’s vision is to become the Australian gold company of choice, sustaining safe, responsible and profitable production. It’s current business encompasses mines and processing plants across the Murchison and Southern Goldfields, two of Western Australia’s most prolific gold-producing regions. The gold endowment of these regions are extensive with the Murchison and Southern Goldfields being amongst the largest historic goldfields in Western Australia. In FY25, Westgold reported a total Mineral Resource of 13.1 million ounces and 3.3 million ounces of gold in Ore Reserves in compliance with JORC Code 2012 (“JORC”). Business Values Westgold is committed to upholding the highest standards of ethical conduct and responsible mining practices. Westgold’s core values are deeply integrated into its daily operations and strategic decisions. These values include: • • • Choose Safety o Think safety and act safely; o Look out for each other; o Protect our environment. Show Respect o Appreciate everyone for who they are and what they contribute; o Enable everyone to do a great job; o Grow strong teams and communities. Create Value o Plan to succeed as a team; o Execute with excellence; o Rise to the challenge and keep on improving. These values define Westgold’s corporate identity and also drive its approach to business and its relationships with stakeholders. By adhering to these principles, Westgold aims to continue building a resilient and sustainable mining operation. Management’s Discussion and Analysis Three and Twelve Months Ended 30 June 2025 5 ENVIRONMENTAL AND SOCIAL GOVERNANCE (ESG) People In Q4 FY25, total headcount reduced 4% to 2,227 employees, contractors and labour hire while the employee initiated turnover rate continued to decline. Safety and Sustainability Safety Westgold delivered a strong safety and sustainability performance in Q4 FY25, reinforcing its commitment to responsible operations and continuous improvement. Safety performance improved across most key indicators, with the Total Recordable Injury Frequency Rate (TRIFR) reducing to 5.67 by the end of June. This marks a significant improvement from the prior quarter and reflects the effectiveness of targeted safety initiatives and operational discipline. The Lost Time Injury Frequency Rate (LTIFR) fell to 0.39, and the Serious Potential Incident Frequency Rate (SPIFR) improved to 8.21, continuing the downward trend across the business. A comprehensive review of Westgold’s emergency systems and processes, with site-level verification of findings has been performed, to ensure a standardised, emergency and crisis management system is maintained throughout Westgold. Westgold also advanced its occupational health and hygiene program, with a comprehensive review of current processes. This program includes review of site Health and Hygiene Management Plans and Hygiene Risk Assessments across all Westgold sites and development of a standardised database to support compliance, data integrity, and reporting automation. Training Westgold achieved a major milestone with the new Maddington Supply and Training Centre becoming fully operational. The centre now delivers training programs including Forklift, Working at Heights, Confined Space Entry, and First Aid, supporting statutory compliance and building internal capability. Environment Environmental performance remained strong. No significant environmental incidents were recorded during the quarter, with investment in long term mine infrastructure including: • Commissioning of the Tuckabianna West Tailings Storage Facility; • Construction compliance for the Higginsville TSF raise; and • Environmental approvals for a new LNG power station at Great Fingall and a new TSF at Fortnum. Westgold completed its AASB S2 gap assessment and commenced implementation of the roadmap for FY26. This initiative aims to ensure the Company’s 2025 Sustainability Report is aligned with Global Reporting Initiative standards and also provides a databook to support auditability. Management’s Discussion and Analysis Three and Twelve Months Ended 30 June 2025 6 20 18.44 14.36 9 6 15 9.03 10 8.82 8.37 7.75 7.30 7.37 6.85 6.85 6.27 5.67 3 0 5 0.86 0.60 Q1 FY23 Q2 FY23 0.00 Q3 FY23 0.64 0.98 0.97 0.63 0.62 1.00 0.98 0.78 0.39 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Recordable Injuries * 12 Month LTIFR 0 12 Month TRIFR * No recordable injuries in Q3 FY25 Figure 3: The TRIFR Decreased in Q4 FY25 Management’s Discussion and Analysis Three and Twelve Months Ended 30 June 2025 7 12 Month rolling Injury Frequency Rate (injuries/million hours worked) Total Recordable Injury count 12 OVERALL PERFORMANCE AND OPERATING RESULTS Q4 FY25 Operating Data Westgold’s quarterly physical and financial outputs for the Three Months Ended 30 June 2025 and prior corresponding periods are summarised in Table 1, 2 and 3 below. Table 1: Westgold’s Operating Performance Three Months Ended Operating Performance Gold Operations (Consolidated) Tonnes milled (t) Recoveries Gold milled, grade (g/t Au) Gold produced (ounces)2 Gold sold (ounces) Average realised price ($/oz sold) Cash operating cost ($’M produced)1 Cash operating costs ($/oz produced)1 All-in sustaining cost (AISC) ($/oz sold)1 Gold (Murchison) Tonnes milled (000s) Gold milled, grade (g/t Au) Gold produced (ounces) Gold sold (ounces) Cash operating cost ($’M produced)1 Cash operating cost ($/oz produced)1 All-in sustaining cost (AISC) ($/oz sold)1 Gold (Southern Goldfields) Tonnes milled (000s) Gold milled, grade (g/t Au) Gold produced (ounces) Gold sold (ounces) Cash operating cost ($’M produced)1 Cash operating cost ($/oz produced)1 All-in sustaining cost (AISC) ($/oz sold)1 1. 2. Q4 FY25 30 Jun 2025 Q3 FY25 31 Mar 2025 Q2 FY25 31 Dec 2024 Q1 FY25 30 Sep 20242 Q4 FY24 30 Jun 2024 1,408,120 92% 2.1 88,022 71,500 $5,174 $222 $2,522 $2,688 1,296,656 91% 2.1 80,107 78,398 $4,630 $209 $2,601 $2,829 1,342,005 91% 2.1 80,886 86,879 $4,066 $205 $2,531 $2,703 1,289,561 90% 2.1 77,369 72,202 $3,723 $161 $2,084 $2,422 862,889 89% 2.1 52,795 58,575 $3,493 $82 $1,555 $2,105 940,810 2.0 54,811 42,879 $126 $2,298 $2,503 751,207 2.0 42,906 43,824 $122 $2,834 $3,160 749,182 2.1 46,461 50,263 $109 $2,337 $2,556 878,890 2.1 52,889 49,813 $101 $1,912 $2,294 862,889 2.1 52,795 58,575 $82 $1,555 $2,105 467,310 2.4 33,211 28,621 $96 $2,891 $2,992 545,449 2.3 37,201 35,574 $87 $2,333 $2,446 592,823 2.0 34,425 36,616 $96 $2,802 $2,903 410,671 2.0 24,480 22,389 $60 $2,457 $2,696 - Non-IFRS: The definition and reconciliation of these measures are included in the “Non-IFRS Measures” section of this MD&A. The Southern Goldfields production in Q1 FY25 includes two months’ worth of production subsequent to the acquisition of Karora. Management’s Discussion and Analysis Three and Twelve Months Ended 30 June 2025 8 Table 2: Westgold’s Q4 FY25 Mining Physicals Ore Mined (‘000 t) Mined Grade (g/t) Contained ounces (Oz) Murchison 768 2.27 55,949 Bluebird 170 2.57 14,027 Fender 90 1.92 5,551 Big Bell 279 1.83 16,416 Great Fingall 32 1.44 1,498 Starlight 197 2.92 18,457 Southern Goldfields 496 2.27 36,325 Beta Hunt 383 2.32 28,533 Two Boys 56 2.92 5,210 Lake Cowan OP 57 1.39 2,582 GROUP 1,264 2.27 92,274 Table 3: Westgold’s Q4 FY25 Processing Physicals 1 Ore Milled (‘000 t) Head Grade (g/t) Recovery (%) Gold Production (Oz) Murchison 941 1.98 91 54,811 Bluebird Fender Open Pit & Low Grade1 159 47 171 2.54 1.95 0.91 95 91 91 12,426 2,686 4,528 Bluebird Hub 377 1.73 94 19,640 Big Bell Fender Great Fingall Open Pit & Low Grade 268 33 9 23 1.83 2.32 1.36 1.15 88 88 90 86 13,801 2,134 353 734 Tuckabianna Hub 333 1.81 88 17,022 Starlight Open Pit & Low Grade 191 40 3.04 0.73 93 92 17,273 876 Fortnum Hub 231 2.64 93 18,149 Southern Goldfields 467 2.37 93 33,211 Beta Hunt Two Boys Lake Cowan Open Pit & Low Grade 356 52 24 35 2.48 3.02 1.40 0.94 94 91 92 92 26,597 4,633 1,014 967 GROUP TOTAL 1,408 2.11 92 88,022 Includes low grade ore mined at Big Bell and stockpiles from Starlight, trucked to Bluebird Management’s Discussion and Analysis Three and Twelve Months Ended 30 June 2025 9 Q4 FY25 Group Performance Westgold processed 1,408,120t (Q3 FY25 – 1,296,356t) of ore in total at an average grade of 2.1g/t Au (Q3 FY25 – 2.1g/t Au), producing 88,022oz of gold (Q3 FY25 – 80,107oz). Group AISC in Q4 FY25 was $237M (Q3 FY25 - $227M). The $10M increase was mainly as a result of increased mining activity and gold production in Q4 across the group. Murchison Figure 4: Murchison Location Map Management’s Discussion and Analysis Three and Twelve Months Ended 30 June 2025 10 ■ Bluebird-South Junction Underground Mine (Meekatharra) Bluebird-South Junction mined 170kt at 2.57 g/t for 14,027oz (Q3 FY25: 109kt at 2.71 g/t for 9,483oz), with higher ore production quarter on quarter offset by slightly lower grades. During the quarter, Westgold gained access across two levels of the South Junction mine, which delivered increased production from the mine during the quarter. Following assessment of footwall ground conditions, Westgold commenced a process of transitioning its mine design from transverse to predominantly longitudinal open stoping. By placing development predominately within the more competent orebody and minimising work in the ultramafic host rock, this mine design supports sustainable operations over its multi-decade mine life. With the installation of the paste plant mostly complete, Westgold is expecting to commence paste filling at Bluebird-South Junction in late Q1 FY26, enabling near 100% orebody extraction from underground. This transition in mine design and the commencement of paste fill will initially result in lower mining rates for the first half of FY26 whilst the mine remains development constrained and limited by number of parallel mining areas. A steady ramp up is expected to follow as the requisite independent mining fronts are established to sustain a 1-1.2Mtpa mining rate from Bluebird-South Junction by the end of FY26. In conjunction with the expansion in mining rates, project works remain on track for underground HV electrical upgrades, primary ventilation upgrades and paste fill infrastructure. The completion of these projects will ensure sustained production growth from South Junction. ■ Bluebird Mill (Meekatharra) Q4 FY25 gold production at the Bluebird Mill was steady with increased throughput on lower grade. The mill processed 377kt at 1.73g/t (Q3 FY25: 240kt at 2.00g/t) with 94% recovery (Q3 FY25: 92%) for 19,640oz (Q3 FY25: 14,136oz). Increased production from Bluebird-South Junction, haulage of low-grade stockpile feed (predominantly from Fortnum), and Big Bell and Fender material surplus to Tuckabianna requirements drove the quarter on quarter throughput increase at the Bluebird Mill. ■ Fender Underground Mine (Cue) The marginal improvement in ore production at Fender quarter on quarter was offset by a known reduction in mined grade in the current mining area, with the mine delivering 90kt at 1.92g/t for 5,551oz (Q3 FY25: 79kt at 2.37g/t for 6,048oz). Fender is expected to continue to deliver consistently with an improved head grade in Q1 FY26. ■ Big Bell Underground Mine (Cue) Big Bell mined 279kt at 1.83g/t for 16,416oz (Q3 F