Westgold Resources Limited Annual Report 2022

12 Westgold Resources Limited Annual Report 2022 50,537 oz 50,291 oz 49,301 oz 54,808 oz $ 1,640 /oz $ 1,781 /oz $ 1,795 /oz $ 1,896 /oz - 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 0 10,000 20,000 30,000 40,000 50,000 60,000 Sep Q 2021 Dec Q 2021 Mar Q 2022 Jun Q 2022 Cost per oz. Gold Production oz. Murchison Gold Production and A$ Costs Gold Produced AISC $/oz 15,636 oz 16,397 oz 16,125 oz 17,789 oz $ 1,393 /oz $ 1,496 /oz $ 1,649 /oz $ 1,683 /oz - 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 0 5,000 10,000 15,000 20,000 Sep Q 2021 Dec Q 2021 Mar Q 2022 Jun Q 2022 Cost per oz. Gold Production oz. Bryah Gold Production and A$ Costs Gold Produced AISC $/oz BRYAH GOLD PRODUCTION AND A$ COSTS OUR OPERATIONS REVIEW OF OPERATIONS (CONTINUED) The processing plant performed well given the hard ore and limited grind capacity, achieving more than 825,070 tonnes for the year with metallurgical recoveries at 95.5%. A new pebble crusher has been ordered for installation mid FY23 which will help manage the hard ores and increase throughput. Amajor extensional drilling programwas being planned at years end at the Starlight mine, with the view to testing the mineralised footprint of the Starlight lodes over a multi-year mining horizon. This work programwill utilise additional resources over and above the two drilling rigs and support staff currently on site at Starlight, and as such will allow the dayto-day resource definition and grade control activities of the mine to continue unabated whilst the expansion potential of Starlight is defined. In addition, Westgold continues to evaluate potential open pit opportunities to supplement underground ore sources across the Bryah tenure. Not only will this work increase ore optionality and mine life across this under explored tenement package, it may provid the catalyst for process plant expansion works at scale.

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