Westgold Resources Limited Annual Report 2020

26 Westgold Resources Limited Annual Report 2020 Financial Report Director’s Report for the year ended 30 June 2020 CORPORATE STRUCTURE Westgold operates a corporate structure that places its operations with wholly owned subsidiaries as depicted in the following corporate organisational structure: Westgold Resources Limited ACN 009 260 306 Big Bell Gold Operations Pty Ltd ACN 090 642 809 Aragon Resources Pty Ltd ACN 114 714 662 Location 53 Pty Ltd ACN 618 320 773 Minterra Pty Ltd ACN 080 756 172 Cue Gold Operations (CGO) Meekatharra Gold Operations (MGO) Fortnum Gold Operations (FGO) 100% 100% 100% 100% Contract Mining Services (MPL) OPERATING AND FINANCIAL REVIEW IMPACT OF COVID-19 The onset of the COVID-19 pandemic was rapid and dramatic both on a corporate and personal level for employees, the Company, our stakeholders and the communities within which we operate and live. Westgold took immediate action to protect the integrity of the Company’s business interests and the safety and well- being of its employees and stakeholders. Prompt implementation and affirmative compliance with government and health bodies forced quick change to operating processes. Westgold operates a number of isolated and remote mining operations and fortunately with the positive protection measures and support of governments and employees all our operations continued to function close to normal levels though travel restrictions, social distancing and isolation practices had some impacts on the Group. For instance, the demographic of our direct mining workforce operations was such that approximately 18% of our workforce commuted from outside of the state and 8% from overseas. The closure of borders required immediate action to manage these impacts on our labour force. Roster changes, changed travel and commuting schedules, changed camp operations including dining and enhanced hygiene practices created potential social and mental health impacts. The Company has taken a considerate approach to the hidden consequences of such changes and continues to work with its employees to lessen the impact. The over- arching objective of the Group has been to keep all its employees and stakeholders safe and free from infection and/or spread, and importantly to keep people employed during these uncertain times. Though difficult to isolate, the net impact of the pandemic was estimated to be minor on the Group’s operating outputs. 1 % 100% 10 10