Westgold Resources Limited Annual Report 2022

for the year ended 30 June 2022 FINANCIAL REPORT NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 80 Westgold Resources Limited Annual Report 2022 2022 2021 Mine properties At 1 July net of accumulated amortisation 272,124,342 188,949,938 Additions 51,886,544 92,956,156 Transfer from capital work in progress (refer to Note 16) 898,122 1,687,813 Transfer frommine capital development 3,455,983 1,851,824 Transfer from exploration (refer to Note 18) 1,518,725 1,051,234 Decrease in rehabilitation provision (9,067,232) (2,157,420) Amortisation charge for the year (28,900,121) (12,215,203) Impairment write-down (118,667,667) – At 30 June net of accumulated amortisation 173,248,695 272,124,342 Mine capital development At 1 July net of accumulated amortisation 135,211,578 109,563,191 Additions 98,653,906 89,439,356 Transfer from capital work in progress (refer to Note 16) 1,523,963 1,158,434 Transfer from exploration (refer to Note 18) 1,722,869 2,248,251 Transfer to capital development (3,455,983) (1,851,824) Amortisation charge for the year (98,634,979) (65,345,830) Impairment write-down (44,466,492) – At 30 June net of accumulated amortisation 90,554,862 135,211,578 2022 2021 IMPAIRMENT OF MINE PROPERTIES AND DEVELOPMENT Murchison CGO CGU Mine properties 107,892,672 - Mine capital development 1,530,969 - Murchison MGO CGU Mine properties 5,815,456 - Mine capital development 19,833,030 - Property Plant and Equipment (refer to Note 16) 10,637,100 - Bryah FGO CGU Mine properties 4,959,539 - Mine capital development 23,102,493 - Property Plant and Equipment (refer to Note 16) 1,764,151 - Impairment loss before income tax 175,535,410 - 17. MINE PROPERTIES AND DEVELOPMENT (CONTINUED)

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