Westgold Resources Limited Annual Report 2020

1 Westgold Resources Limited Annual Report 2020 Contents 2 Our Purpose & Values 4 Chairman’s Letter 7 Financial Results 8 Our Annual Outputs 10 The Measure of Our Sustainability Footprint 12 Our Operations 18 Mineral Resources & Ore Reserves 24 Director’s Report 36 Remuneration Report (Audited) 52 Auditors Independence Declaration 53 Consolidated Statement of Comprehensive Income 54 Consolidated Statement of Financial Position 55 Consolidated Statement of Cash Flows 56 Consolidated Statement of Changes in Equity 57 Notes to the Consolidated Financial Statements 106 Directors’ Declaration 107 Independent Auditor’s Report 113 Shareholder Information Emerging as a leading Australian Gold Miner Westgold is a Western Australian focussed explorer, developer and miner of gold and the dominant miner in the Central Murchison region. Westgold has re-established this region to become a thriving hub of gold production with long term sustainable output. Westgold operates several open pits and multiple underground mines which service three process plants over 250km of regional strike in the Central Murchison goldfields. Westgold employs over 900 people and plays a critical role in the economic growth and sustainability of the regional towns and communities in which it operates. Westgold owns vast infrastructure and a procession of growth projects that provides jobs, prosperity and hope for all its stakeholders.