Westgold Resources Online Annual Report 2024

ANNUAL REPORT 2024

GROWING A MAJOR AUSTRALIAN GOLD PRODUCER Westgold is one of Australia’s top five gold companies - with a growing portfolio of mines and processing facilities in two of Western Australia’s most prolific gold producing regions. www.westgold.com.au 1 Our Purpose and Ambition 1 Values and Behaviours 2 Letter from the Chair 4 Financial Results 6 Our Annual Outputs 8 Our Operations 30 Directors’ Report 41 Remuneration Report (Audited) 56 Auditor’s Independence Declaration 57 Consolidated Statement of Comprehensive Income 58 Consolidated Statement of Financial Position 59 Consolidated Statement of Cash Flows 60 Consolidated Statement of Changes in Equity 61 Notes to the Consolidated Financial Statements 106 Consolidated Entity Disclosure Statement 107 Directors’ Declaration 108 Independent Auditor’s Report 113 Shareholder Information 115 Corporate Directory CONTENTS ARTIST – JANINE MONGOO Westgold is proud to partner with Ngoonooru Wadjari artist Janine Mongoo, who has created beautiful and powerful artwork that bridges Indigenous history with Westgold's operations. Based in Meekatharra, Janine’s family connection to this land stretches back many years.Known as Mikadah, meaning ‘place of little water’, Meekatharra's landscape has nurtured generations of Aboriginal Australians. The rich ecosystem provided sustenance through bush tucker – native plants and animals – and vital water sources from soaks and gnamma holes. Janine's artistic spirit draws inspiration from this deep ancestral connection and the surrounding environment. Her works bridge the gap between the ancient traditions of her people and the modern landscape. THE ARTWORK The three symbols in the middle of Janine’s artwork represent Westgold’s operations in the Murchison, and the symbols around the circles are people sitting around in community. The larger outlying symbols represent the Traditional Owner groups in the area. The gold dots represent Westgold mine sites, tenements and operations.

1 Westgold Resources Limited Annual Report 2024 OUR PURPOSE AND AMBITION Westgold’s purpose as an organisation is to create intergenerational wealth by leveraging our gold assets. In doing so we aspire to: – create shareholder value, – contribute to our wider communities, and – provide opportunities for our team to grow and succeed. VALUES AND BEHAVIOURS Our values and behaviours guide how we work with each other, our communities, and external stakeholders. They speak to the core aspirations of our organisation and influence our actions and decisions. Our values provide the framework that holds us accountable, and with the support of our staff, drives the culture that will deliver success. CHOOSE SAFETY – Think safety and act safely – Look out for each other – Protect our environment SHOW RESPECT – Appreciate everyone for who they are and what they contribute – Enable everyone to do a great job – Grow strong teams and communities DELIVER VALUE – Plan to succeed as a team – Execute with excellence – Rise to the challenge and keep on improving

LETTER FROM THE CHAIR A TRANSFORMATIONAL YEAR Dear Shareholders, It is my pleasure to present the Westgold Resources Limited (“Westgold” or “the Group”) Annual Financial Report for the financial year ended 30 June 2024 (FY24). Westgold also committed to the development of the iconic Great Fingall mine at Cue. This historic high grade mine (alongside the Golden Crown mine) is one of the only remaining high-grade reef mines in Australia that has not seen modern mining. The Westgold Board approved the development of Great Fingall in August 2023, development commenced immediately, and this mine will deliver high grade ounces for our shareholders in FY25. Our commitment to building a long term, sustainable business that minimises its impact on the environment was evidenced in FY24 with the construction of four new hybrid (gas-solar-battery) power stations across our operations. The first station was commissioned at Tuckabianna in July 2023, with the last of four stations commissioned in FY24, materially reducing our carbon emissions and fossil fuel consumption. Westgold announced a merger with TSX listed Karora Resources Inc in April 2024. This merger brought together two similar sized, owner-operator companies with gold assets in Western Australia. This transformational transaction propels Westgold to +400,000oz pa of production from mines across the Murchison and Southern Goldfields, diversifying our footprint and expanding our operating team to over 1,900 people. Westgold will continue to focus on its internal growth pipeline and this pipeline has been expanded. The company now has 3,200km2 of tenure across two of Western Australia’s most productive goldfields. Importantly, we have the team and equipment to unlock its value. Our vision for Westgold going forward remains clear. The expanded Westgold aspires to become a leading Australian gold miner that is progressive, socially responsible and a business that consistently returns value to our shareholders and stakeholders. This is a journey and there remains much that can be achieved. Westgold now has a larger team of focused and culturally aligned people who have the vision and resources to make Westgold a larger and more profitable Australian gold company. Thank you for your continued support. Hon. Cheryl Edwardes AM Non-Executive Chair Leadership drives culture, culture drives performance. FY24 has been a transformational year for Westgold and I’m proud to see the leadership and culture now driving improved performance in many businesscritical areas. Our mantra of safe and profitable ounces is resonating with our workforce and our team has delivered both in FY24. The business continues to improve its key safety metrics and gain momentum as it begins to deliver against its corporate objectives. Six quarters of positive cashflow whilst making significant investments in extending our mine lives is a delicate balance. A resurgent gold price has assisted our financial performance and positioned the company to raise its view towards faster growth. During this year Westgold spent $25M on drilling across its key Murchison and Bryah assets. This investment has unlocked significant value and seen the Bluebird-South Junction mine grow in stature. Drilling continues at Bluebird-South Junction and the extent of this system continues to expand. Drilling at the Starlight underground mine has also successfully extended the mine life, with grade lifting from the Nightfall lode and encouraging results from testing additional lodes such as Waterbore and the extensions of Starlight. 2 Westgold Resources Limited Annual Report 2024

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4 Westgold Resources Limited Annual Report 2024 YEAR END 30 JUNE 2024 FINANCIAL RESULTS Unless specifically noted, all dollar amounts disclosed in this report are Australian Dollars (A$ or AUD)

5 Westgold Resources Limited Annual Report 2024 GOLD SALES 227,691oz (FY23: 256,009oz) REVENUE $716.5m (FY23: $656.6m) NET CASH FROM OPERATIONS $351.7m (FY23: $168.4m) NET PROFIT/(LOSS) BEFORE TAX $137.0m (FY23: $13.9m) NET PROFIT/(LOSS) AFTER TAX $95.2m (FY23: $10.0m) CLOSING CASH & CASH EQUIVALENTS $236.0m (FY23: $176.4) PROFIT/(LOSS) PER SHARE 20.1c (FY23: 2.11c) NET ASSETS $691.8m (FY23: $598.3m) AVERAGE HEDGE GOLD PRICE A$3,340/oz (FY23: A$2,390/oz) OUTSTANDING HEDGED OUNCES AS AT 30 JUNE 2024 Nil ounces (FY23: 10,000oz) * Bullion is valued at closing spot price.

6 Westgold Resources Limited Annual Report 2024 YEAR END 30 JUNE 2024 OUR ANNUAL OUTPUTS

7 Westgold Resources Limited Annual Report 2024 GOLD PRODUCED CASH COST (C1) ALL IN SUSTAINING COSTS MURCHISON OPERATIONS 168,485oz BRYAH OPERATIONS 58,752oz GROUP 227,237oz MURCHISON OPERATIONS A$1,790/oz BRYAH OPERATIONS A$1,483/oz GROUP A$1,711/oz MURCHISON OPERATIONS A$2,281/oz BRYAH OPERATIONS A$1,883/oz GROUP A$2,178/oz

8 Westgold Resources Limited Annual Report 2024 OUR OPERATIONS REVIEW OF OPERATIONS Westgold Resources (ASX/TSX: WGX) is a significant Australian gold company – producing over 227,000oz of gold in FY24 (top end of revised production guidance of between 220,000oz and 230,000oz) from its owner-operated portfolio of established mines and processing plants, at an All-In Sustaining Cost (AISC) of $2,178/oz (at the lower end of its revised guidance of between $2,100/oz and $2,300/oz). In August 2024, subsequent to the period under review, Westgold merged with TSX-listed Karora Resources, near-doubling its annual gold production capacity to over 400,000oz when its mines in development reach full production, elevating the Company to the ranks of Australia’s top five gold producers. Figure 1. Map of Westgold’s operations in Western Australia With more than 350 land titles spanning ~3,200km2 across two of Western Australia’s most prolific goldfields – the Company has an enviable pipeline of organic growth options and exploration targets to sustain its operations. This unprecedented opportunity for sustainable growth is underpinned by Westgold’s profitable operations, robust balance sheet and its highly experienced Board of Directors, management team, and skilled workforce of some 1,900 people.

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10 Westgold Resources Limited Annual Report 2024 REVIEW OF OPERATIONS (CONTINUED) OUR OPERATIONS MURCHISON OPERATIONS Westgold’s Murchison operations are located around the towns of Meekatharra and Cue in the mid-west region of Western Australia and in FY24 encompassed three operating underground mines (Big Bell, Bluebird South Junction and Paddy’s Flat ), two mines in development (Fender and Great Fingall) and two processing hubs (the 1.6-1.8Mtpa Bluebird plant at Meekatharra and the 1.4Mtpa Tuckabianna plant near Cue). Subsequent to the period under review, Paddy’s Flat was paused, and Fender has since achieved commercial production. Figure. Westgold’s Murchison operations Great Northern Highway MEEKATHARRA CUE D Bluebird Mill 1.8Mtpa Tuckabianna Mill 1.4Mtpa South Emu Bluebird Paddy’s Flat Big Bell Fender Triton Comet Great Fingall /Golden Crown D BIG BELL MINING AREA CUDDINGWARRA MINING AREA DAY DAWN MINING AREA TUCKABIANNA MINING AREA REEDY’S MINING AREA NANINE MINING AREA YALOGINDA MINING AREA MEEKATHARRA NORTH MINING AREA PADDY’S FLAT MINING AREA 600000E 600000E 650000E 650000E 550000E 7000000N 7000000N 7050000N 7050000N 6950000N 6950000N GDA94 MGA Zone 50 25 Kilometres Westgold Tenements Mine Development Project Processing Plant Greenstones Granite LEGEND D In FY24, gold output from Westgold’s Murchison operations was 168,485oz, representing 74% of the Group’s production at a C1 Cash Cost of $1,790/oz and an AISC of $2,281oz. MEEKATHARRA The Meekatharra operations are located around the regional town of Meekatharra, and include the historic gold mining centres of Meekatharra North, Paddy’s Flat, Yaloginda, Nannine and Reedy’s. The Meekatharra processing hub incorporates the 1.6-1.8 Mtpa Bluebird processing plant, a 420-person village, and associated mining infrastructure required to support mining operations. In FY24, the Bluebird plant received ore from the Paddy’s Flat (since paused) and Bluebird – South Junction underground mines, and surplus ore from the Group’s Cue operations, supplemented by lower grade, stockpiled surface ore. Meekatharra has a number of advanced growth projects and exploration targets which sustain and extend gold production beyond existing operations, including: – Extensions to the Bluebird underground mine, including the incorporation of the South Junction orebody and potential inclusion of the Polar Star extension; – Triton Deeps and Boomerang in the Reedy Mining Area; and – New targets across the central package where drilling below 100m in depth is sparse, with advanced targets including the GNH and Paddy’s North deposits. BLUEBIRD UNDERGROUND MINE Ongoing drilling during the reporting period assisted this emerging flagship operation to mine higher grades for fewer tonnes, resulting in improved profitability and cash flow, delivering 452,000t at 3.7 g/t for FY24. During the year under review, a second decline was established at Bluebird, to open more production fronts to maintain output. Pleasingly, the boundaries of the Bluebird and South Junction system continue to expand, and Westgold continues to prioritise an extensive resource drilling programme to grow the mine’s footprint.

11 Westgold Resources Limited Annual Report 2024 Westgold spent $25M on drilling across its key Murchison and Bryah assets during the year. This investment unlocked significant value, and in particular saw the Bluebird-South Junction mine grow in stature, with the announcement in April 2024 of an interim Mineral Resource Estimate for the combined system of 6.4Mt at 3.1g/t for 827koz (refer ASX - Bluebird-South Junction Increases to 6.4Mt at 3.1 g/t Au 16 April 2024). This represented a half a millionounce increase in the Mineral Resource of Bluebird – South Junction, post nine months of mining depletion at that time. In conjunction with the programme to better define the South Junction opportunities, works to define the parallel Polar Star lode, continue into FY25. At the close of the period, the Bluebird mine plan was transitioning to South-Junction’s large, bulk mining areas, which will be the operational focus over the coming half (H1 FY25). This strategy is expected to re-optimise the Bluebird mining areas and materially increase outputs, to a rate of 1.2Mtpa from Bluebird-South Junction by Q4 FY25. PADDY’S FLAT Westgold’s Paddy’s Flat underground mine at Meekatharra has been a significant contributor to the business for many years, and in FY24 delivered 189,000t of ore at 2.9g/t. Following completion of mining of the large Prohibition lode however, the mine was failing to meet profitability metrics, with underperformance driven both by a lack of drill data across the Paddy’s Flat operation, and the inherent complexity of this large, yet under-drilled system. In January 2024, an operational pause was implemented, which saw Paddy’s Flat personnel and equipment redeployed to bolster resources within the Company’s larger operations, with mine production from Fender supplementing, then replacing, Paddy’s Flat during the latter half of the year. Paddy’s Flat has transitioned into an exploration phase, targeting definition of a 3-4 year optimised mine plan prior to a restart decision. Figure 3. South Junction Maiden Ore Reserve Open Open Open Open Exploration Target Exploration Target Bluebird Expansion (Planned) Bluebird North Expansion (Planned) Bluebird North Lodes Iron Bar Lodes Polar Star Lodes South Junction Lodes South Junction Open Pit Historical Production +400Koz Au Bluebird Open Pit Historical Production +600Koz Au Existing Bluebird Workings SOUTH JUNCTION Maiden Ore Reserve 17500E 18000E 18500E 19000E 17500E 18000E 18500E 19000E 500mRL -500mRL -500mRL 0mRL 500mRL 0mRL North South 500 Metres Depleted by UG Mining Measured & Indicated Resources Inferred Resources LEGEND 24BLDD095 9.25m @ 3.79g/t Au from 122m 24BLDD066 18.9m @ 3.65g/t Au from 293m 24BLDD064 31.37m @ 5.55g/t Au from 122m & 15.5m @ 4.62g/t from 158m 24SJDD021_W2 5.79m @ 2.39g/t Au, 4.70m @ 4.58g/t & 20.94m @ 6.74g/t Bluebird Mine South Junction Mine showing initial ore reserve

12 Westgold Resources Limited Annual Report 2024 REVIEW OF OPERATIONS (CONTINUED) OUR OPERATIONS OPEN PIT AND LOW-GRADE STOCKS During the reporting period, Westgold continued to monetise its inventory of low grade and open pit stocks to manage mill blend and throughput requirements, along with trucking excess Big Bell ore and stockpiles to the Bluebird Mill. CUE The Cue operations are located around the regional town of Cue and encompass Westgold’s southernmost group of Murchison assets. This package includes two of Australia’s most prolific past producers in the Big Bell mine (2.6Moz) and the Great Fingall mine (1.2Moz). The Cue processing hub incorporates the 1.4 Mtpa Tuckabianna processing plant, a 148-person village at Big Bell, a 266-person village at Cue and associated mining infrastructure to support mining operations. The Tuckabianna plant receives underground ore from the Big Bell underground mine, with supplementary feed provided by lower grade surface stockpiles. Following the completion of ramp up and commencement of steady state production in April 2022, Big Bell has consistently delivered design levels, producing 1.1Mt of ore at 2.1g/t in FY24. The Cue hub includes a number of advanced development projects and drill-ready exploration targets with the potential to underwrite sustained growth in gold production at the operations, including: – Big Bell Deeps - high grade sublevel open stopes located below the existing sublevel cave; – Great Fingall and Golden Crown – development commenced in November 2023; – Fender Mine – a shallow underground mine beneath Westgold’s Fender open pit, which commenced mining in October 2023; – Causton’s – on the Tuckabianna trend, close to the mill and with high potential for underground mining; – Additional shallow targets on the Big Bell line of lode beneath the 700, 1600 and the Shocker pits; and – Open pit and underground targets within the Cuddingwarra Mining centre.

13 Westgold Resources Limited Annual Report 2024 BIG BELL UNDERGROUND MINE Big Bell continued to perform well during the year, producing 1,140kt of ore at 2.15g/t. As planned, mined grade varied as the mine plan transitioned between the highergrade north side, and the lowergrade, south side of the cave. Big Bell’s next level, 710, also commenced during the fourth quarter of the period, allowing the North side to re-start, albeit at comparatively lower mining rates. Development of the Big Bell Deeps (the long hole open stoping area) access decline progressed during the period, culminating in the Final Investment Decision in November 2023 with a view to significantly extending the mine life, grade, and production profile of the mine. At the time of this report, the commencement of stoping activity at Big Bell Deeps was scheduled for the second half of FY25. Existing Cave Pegmatite Intrusion Ongoing Sub-level Caving Operation Initial 16 year mine life Big Bell LHOS 3000N 4000N 3500N 3000N 4000N 3500N -500mRL -1000mRL -500mRL -1000mRL North South 250 Metres # # 22BBDD0116B 24.5m @ 3.31g/t Au from 543m 24BBDD0026 10.9m @ 3.81g/t Au from 143m Figure 4. Big Bell Mine Plan

14 Westgold Resources Limited Annual Report 2024 REVIEW OF OPERATIONS (CONTINUED) OUR OPERATIONS Figure 5. Great Fingall Resource GREAT FINGALL During the period under review, Westgold committed to the development of the iconic Great Fingall mine at Cue. Great Fingall is one of the few remaining high-grade reef mines in Australia which has not been subject to a modern phase of mining. The Board approved the development of Great Fingall in August 2023, and development commenced immediately. First ore from Great Fingall is expected in the latter half of FY25, following an 18-month schedule which will see development of a decline down to the virgin reef 700m below surface, under the old workings of the historic mine. At the end of FY24, the Project was well-progressed, with decline advance rates exceeding assumptions in the Feasibility Study. Phase one of the primary ventilation circuit had also been completed, with fans installed on the first large diameter vent raise. Dewatering of the Great Fingall and Golden Crown workings continued during the period, in preparation for development under the historic workings. At full production, the Great Fingall mine will produce more than 45,000oz of gold per annum. # # # ## # 1.93m @ 6.37g/t from 787.77m in 23GFDD001_W2 9.66m @ 4.38g/t from 793m in 23GFDD001_W3 1.3m @ 12.15g/t from 827m in 23GFDD001_W1 2.3m @ 4.56g/t from 886.7m in 23GFDD001_W4 15.12m @ 4.31g/t from 796.78m in 23GFDD002_W1 2.4m @ 8.15g/t from 798.05m in 23GFDD002_W2 SCHEMATIC OBLIQUE SECTION LOOKING NORTH Current Decline Take-off to Golden Crown Historical UG Mine (1983-1996) 288koz @ 13.80g/t Au Historical UG Mine (1891-1929) 1.2Moz @ 19.50g/t Au OP Mine (1995-2018) 137koz @ 1.55g/t Au UPPER FINGALL LOWER FINGALL Base of Current Mine Plan Golden Crown Great Fingall 900mRL 750mRL 600mRL 450mRL 300mRL 150mRL 0mRL -150mRL -300mRL 900mRL 750mRL 600mRL 450mRL 300mRL 150mRL 0mRL -150mRL -300mRL East West 500 Metres Open Pit Void Underground Void Golden Crown Resource Upper Great Fingall Resource Lower Great Fingall Resource LEGEND

15 Westgold Resources Limited Annual Report 2024 FENDER Fender is located immediately south of Big Bell. It was suspended from production in early FY23 while the Company restructured and optimised its mining operations. That rationalisation process released essential equipment and personnel, which, together with more favourable economics, enabled development of the Fender underground operations to recommence in mid-September 2023, with first ore delivered to the Bluebird Mill in October. Ramp up was achieved during the reporting period, with the mine reaching steady state and commercial production on 1 July 2024. In FY25, Fender ore will displace lower grade stockpile feed to the Bluebird Mill at approximately 330,000tpa @ 2.7g/t. Mine Plan Expansion Potential # # 24FNDD0022 3.95m @ 5.89g/t Au from 141m 24FNDD0017 11.29m @ 4.30g/t Au from 45m 400N 500N 600N 700N 200N 100N 0N 300N 400N 500N 600N 700N 200N 100N 0N 300N -100m -100m -200m -200m -300m -300m -400m -400m -500m -500m 0mRL 0mRL SW NE 100 metres FY25 FY26 Mined LEGEND EXISTING PIT FENDER FY25 - Long Section Figure 6. Fender FY25 Long section

16 Westgold Resources Limited Annual Report 2024 REVIEW OF OPERATIONS (CONTINUED) OUR OPERATIONS BRYAH Westgold’s Bryah operations encompass the historic mining centres of Fortnum, Horseshoe and Peak Hill which collectively have delivered approximately 2Moz reported gold production. Mining output is currently dominated by the Starlight underground mine with supplementary, free on surface low grade stockpiles providing a blended feedstock to the 0.9Mtpa Fortnum carbon-in-leach (CIL) processing plant. The Fortnum processing hub hosts a 200-person village, airstrip and associated mining infrastructure required to support mining operations. Located approximately 150km northwest of Meekatharra, the Bryah operations represent the northernmost group of Westgold assets, and in FY24 produced 58,752oz of gold at an AISC of $1,883. In the year under review, the Starlight mine plan was effectively reset, with an intensive resource development drilling program informing a 3-4 year mine plan. Three underground diamond drill rigs were deployed, focussed on resource definition in the Nightfall zone both at depth and crucially along strike where the mineralisation remains open and significant grades and widths of mineralisation were encountered. Additional lodes such as Waterbore and the extensions of Starlight have also delivered encouraging results. With progressive development confirming the continuation of the high-grade lodes, an additional development crew was mobilised in February 2024, to accelerate access to this expanding area of higher-grade production to both increase grade and increase the number of mining areas in FY25.

17 Westgold Resources Limited Annual Report 2024 FORTNUM MINING AREA HORSESHOE MINING AREA PEAK HILL MINING AREA D Starlight Fortnum Mill 0.9Mtpa Yarlarweelor 650000E 650000E 7150000N 7150000N 7200000N 7200000N GDA94 MGA Zone 50 10 Kilometres Current UG Mine Potential OP Mine Gold Processing Plant Westgold Tenements Proterozoic Greenstones Granite LEGEND D Meekatharra PERTH Port Hedland W.A. Figure 7. Westgold’s Bryah operations Figure 8. Starlight FY25 LOM – Long Section 12000N 12250N 12500N 12750N 11500N 11250N 11750N 12000N 12250N 12500N 12750N 11500N 11250N 11750N 250m 0m -500m -250m 500mRL 250m 0m -500m -250m 500mRL South North 200 metres FY25 FY26 FY27 FY28 FY29 FY30 Mined LEGEND EXISTING PIT Resource Growth Potential Potential for offset Starlight Mine sequence Potential for offset Starlight Mine sequence Fortnum Fault Projection Trev’s Thrust Projection STARLIGHT FY25 LOM - Long Section # # # # # # # WB1270RD02 6.46m @ 17.2g/t Au from 136.5m WB1270RD17 2.2m @ 27.35g/t Au from 72.4m NF1140GC127 9.95m @ 10.8g/t Au from 69m WB1270RD18 4.18m @ 8.28g/t Au from 278.9m NF1125RD06 26.35m @ 4.41g/t Au from 201m NF1125RD03 11.46m @ 5.58g/t Au from 74m NF1130RD11 16.39m @ 7.05g/t Au from 272m

18 Westgold Resources Limited Annual Report 2024 REVIEW OF OPERATIONS (CONTINUED) OUR OPERATIONS INVESTING IN EXPLORATION CAPACITY In FY24 Westgold continued to invest in extensive drilling across its priority operations with up to 12 underground and surface drill rigs operating across the business during the year. The focus remained on extending mine planning horizons of the four key operating mines, along with defining opportunities in the shallow, upper areas of Great Fingall. Westgold has an extensive pipeline of organic growth opportunities, and during the year, optimisation studies were progressed at a number of previously paused assets. The South Emu Triton underground near Meekatharra was reviewed for restart, along with shallow mining opportunities in the upper areas of Great Fingall with the potential to be accessed without impacting the decline advance to the virgin ore at depth. During the reporting period, Westgold significantly enhanced its in-house underground drilling capacity, with the purchase of six additional underground drill rigs expanding its diamond drill rig fleet size to 13. This investment allowed Westgold to displace contract rigs conducting drilling in parallel with Westgold’s existing fleet. Bringing all underground diamond drilling activities in-house vastly increases Westgold’s operating flexibility. This capability allows rapid deployment to ensure Westgold is best placed to take advantage of emerging geological opportunities, and at the same time delivering superior drilling productivity at industry leading unit rates. The additional rig capacity and agility will be instrumental in expediting priority projects such as Great Fingall and South Junction - as drill platforms open at these significant development projects.

19 Westgold Resources Limited Annual Report 2024 FULL EXPOSURE TO THE GOLD PRICE At the end of the financial year, Westgold had no derivative contracts outstanding and so entered FY25 as a significant and 100% unhedged Australian gold producer, fully leveraged to the resurgent gold price. At the time of this report the record price of gold was ~A$3,800/ oz, as investors turned to the relative safety of gold against the backdrop of continuing global instability. At the start of FY24, the Group had in place 30,000oz of zero cost collars comprising put options at $A2,700/ oz and call options at $A3,340/oz for deliveries of 2,500oz per month from July 2023 to June 2024, subject to the put and call being struck. This strategy protected the downside of gold price volatility with the put option only being triggered if the gold price were to fall to A$2,700/ oz. The upside on this small volume of production was also capped and again, only triggered if the gold price hit A$3,340/oz. During the year, a total of 10,000oz of call options were struck at A$3,340/ oz. The Zero Cost Collars concluded at the end of 30 June 2024.

20 Westgold Resources Limited Annual Report 2024 REVIEW OF OPERATIONS (CONTINUED) OUR OPERATIONS CHOOSING SAFETY Westgold entered FY24 with determination to consolidate its improved performance from FY23 and to embed those key business learnings toward a continuously improving strategic approach. Safety performance continued to improve during the year, with a Total Recordable Injury Frequency Rate (TRIFR) of 6.85 per million hours worked representing an improvement of 18% for the full year. No Significant Psychosocial Harm Events were reporting during the period, and the Significant Environmental Incident Frequency Rate remained at zero. Figure 9. Safety performance FY24

21 Westgold Resources Limited Annual Report 2024 FIVE CORE PILLARS OF SAFETY Westgold’s health and safety performance is underpinned by a robust management system, clear accountability, and a strong focus on continuous improvement, informed by regular reviews, audits, and performance monitoring. Safety leadership is embedded at all levels of the organisation, including clearly defined roles and responsibilities, and a dedicated health and safety team provides guidance, support, and expertise to the Company’s operations. In FY24, a comprehensive Environment, Health and Safety (EH&S) Strategy was implemented, founded on five core pillars: – Leadership: Visible and active leadership at all levels of the organisation. – Critical risk management: Preventing significant impact risks within our business. – Operational discipline: Having the courage to do what we say we will do. – Fit-for-purpose systems: Establishing systems that are fit for purpose and relevant to our business. – Resilient people: Active investment and increased focus on employee health and wellbeing. MINE SAFETY MANAGEMENT SYSTEM FRAMEWORK During the period – in line with updated Western Australian Work Health and Safety legislation – Westgold significantly enhanced and re-implemented its mine safety management system framework to provide a more streamlined and fitfor-purpose approach to achieving, improving and monitoring the desired level of health and safety across the business. Customised Project Management Plans and Principal Mining Hazard Management Plans were developed and implemented - aligned with the new legislation. These documents set out how Westgold will identify, assess, control and manage critical risks and principal mining hazards to workers’ health and safety. To evaluate the framework’s efficacy, a gap analysis was conducted to identify potential shortcomings and areas for improvement. Potential challenges such as resistance to change and system integration complexities were mitigated through a number of measures, including targeted training, change management strategies, and communication protocols. FY25 will see continued implementation and refinement of safety and sustainability programs, towards creating an ever-safer work environment for all Westgold employees. Westgold celebrated its arrival on the Toronto Stock Exchange with Managing Director and CEO Wayne Bramwell ringing the ceremonial bell to open the market. SIGNIFICANT EVENTS AFTER THE BALANCE DATE WESTGOLD AND KARORA MERGER Subsequent to the year end, Westgold merged with Canadian TSXlisted Karora Resources Inc. (Karora) to create a globally investable, mid-tier gold producer operating exclusively in Western Australia, with a conservative, combined initial annual gold production capacity of more than 400,000oz. The primary Karora assets acquired in the merger included its 100% interest in the Beta Hunt Mine, its 100% interest in the Higginsville processing and gold mining operation, and its Lakewood processing facility. Following receipt of key approvals for the transaction from the Ontario Superior Court of Justice in Canada, Karora shareholders, the Foreign Investment Review Board and the Takeovers Panel during July 2024, the merger was formally completed on 1 August 2024, when Westgold commenced operational control and ownership of the Karora operations and assets. The merger propelled Westgold into the ranks of the ASX200, and materially enhanced its capital markets profile - with increased scale, trading liquidity and quality attractive to gold and generalist investors across the Australian (ASX), Canadian (TSX), and North American (OTCQX) stock exchanges. Funded through a combination of cash reserves and equity, Karora shareholders received 2.524 Westgold fully paid ordinary shares, C$0.68 in cash, and 0.30 of a share in Culico Metals Inc., a wholly owned subsidiary of Karora, for each Karora common share held at the closing of the transaction. Fair value of the share consideration was $1,243 million and cash consideration paid was $126 million. The total consideration for the transaction was $1,369 million.

22 Westgold Resources Limited Annual Report 2024 REVIEW OF OPERATIONS (CONTINUED) OUR OPERATIONS

23 Westgold Resources Limited Annual Report 2024 SUSTAINABLE, SENSIBLE The financial strength of Westgold’s diverse mining operations allows it to invest in Environmental, Social and Governance outcomes that also make good financial sense – in line with the Company’s clear commitment to delivering value for shareholders. In FY24 Westgold achieved a major milestone in its decarbonisation strategy, and in particular, its practical action in response to climate change, with the successful completion and commissioning of the Company’s fourth hybrid (solar/gas/ diesel) power station. To date, Westgold has successfully commissioned a combined 82MW of hybrid power facilities, demonstrating its commitment to sustainability and cost reduction. This infrastructure, combining gas, solar and battery power, is set to deliver significant environmental and financial benefits. The new hybrid power solution is expected to decrease diesel consumption by 38 million litres per annum, resulting in a significant reduction of carbon emissions by 56%. The transition to hybrid power is projected to deliver approximately $60/oz in All-In Sustaining Costs (AISC) savings, bolstering the Company’s financial performance and enhancing shareholder value. This cost reduction is attributed to the reduced reliance on diesel. Westgold remains committed to the evolution of its operations – implementing change for the betterment of its people and the planet.

24 Westgold Resources Limited Annual Report 2024 Westgold released its annual update of Mineral Resource and Ore Reserve Estimates on the ASX on 23 September 2024. Shareholders should refer to that announcement for full detail including JORC 2012 appendices. The tables below summarise them by operational area. Table 1 – Gold Mineral Resource Estimates at 30 June 2024 for Westgold Operating Mines. MURCHISON GOLD OPERATIONS MINERAL RESOURCE STATEMENT – ROUNDED FOR REPORTING – 30/06/2024 Measured Indicated Measured and Indicated Inferred Total Operating Mine Tonnes ('000s) Grade Ounces Au ('000s) Tonnes ('000s) Grade Ounces Au ('000s) Tonnes ('000s) Grade Ounces Au ('000s) Tonnes ('000s) Grade Ounces Au ('000s) Tonnes ('000s) Grade Ounces Au ('000s) Big Bell UG 4,022 3.07 397 7,965 3.33 853 11,988 3.24 1,250 5,927 3.11 593 17,914 3.20 1,842 Fender UG 95 3.22 10 201 3.05 20 297 3.10 30 345 3.33 37 642 3.23 67 Great Fingall UG 0 0.00 0 1,616 5.25 273 1,616 5.25 273 883 3.51 100 2,499 4.64 372 Golden Crown UG 0 0.00 0 333 6.18 66 333 6.18 66 944 5.14 156 1,277 5.41 222 Bluebird Group UG 304 4.09 40 4,368 3.03 425 4,672 3.10 465 6,032 2.55 495 10,705 2.79 960 Starlight UG 881 4.01 114 1,973 3.44 218 2,854 3.62 332 2,588 3.13 260 5,442 3.38 592 Total 5,303 3.29 561 16,457 3.51 1,855 21,760 3.45 2,415 16,719 3.05 1,641 38,479 3.28 4,056 SOUTHERN GOLDFIELDS GOLD OPERATIONS MINERAL RESOURCE STATEMENT – ROUNDED FOR REPORTING – 1/08/2024 Measured Indicated Measured and Indicated Inferred Total Operating Mine Tonnes ('000s) Grade Ounces Au ('000s) Tonnes ('000s) Grade Ounces Au ('000s) Tonnes ('000s) Grade Ounces Au ('000s) Tonnes ('000s) Grade Ounces Au ('000s) Tonnes ('000s) Grade Ounces Au ('000s) Two Boys 24 1.55 1 1,141 2.32 85 1,165 2.30 86 184 2.78 16 1,349 2.37 103 Pioneer 0 0.00 0 519 2.11 35 519 2.11 35 345 1.50 17 864 1.87 52 Beta Hunt 1,142 2.79 102 16,581 2.74 1,458 17,723 2.74 1,561 12,860 2.63 1,086 30,583 2.69 2,647 Total 1,166 2.76 104 18,241 2.69 1,579 19,407 2.70 1,682 13,388 2.60 1,119 32,795 2.66 2,801 OUR OPERATIONS MINERAL RESOURCES & ORE RESERVES

25 Westgold Resources Limited Annual Report 2024 Table 2 – Gold Mineral Resource Estimates at 30 June 2024 for Westgold Non-Operating Projects. MURCHISON GOLD OPERATIONS MINERAL RESOURCE STATEMENT – ROUNDED FOR REPORTING – 30/06/2024 Measured Indicated Measured and Indicated Inferred Total Project Tonnes ('000s) Grade Ounces Au ('000s) Tonnes ('000s) Grade Ounces Au ('000s) Tonnes ('000s) Grade Ounces Au ('000s) Tonnes ('000s) Grade Ounces Au ('000s) Tonnes ('000s) Grade Ounces Au ('000s) Big Bell District 60 2.81 5 802 2.64 68 861 2.65 73 1,848 2.94 175 2,709 2.85 248 Cuddingwarra 85 1.66 5 1,600 1.63 84 1,685 1.63 88 597 1.50 29 2,282 1.59 117 Day Dawn District 58 1.73 3 1,068 2.04 70 1,126 2.02 73 1,043 1.78 60 2,169 1.91 133 Tuckabianna 267 3.54 30 3,448 2.78 308 3,715 2.84 339 2,899 2.63 245 6,614 2.75 584 Tuckabianna Stockpiles 81 2.09 5 3,627 0.70 81 3,709 0.73 87 0 0.00 0 3,709 0.73 87 Meekatharra North 0 0.00 0 97 1.98 6 97 1.98 6 75 2.11 5 172 2.04 11 Nannine 68 2.55 6 859 2.06 57 927 2.09 62 340 2.26 25 1,267 2.14 87 Paddy's Flat 376 3.67 44 10,641 1.65 564 11,017 1.72 608 2,574 1.93 160 13,591 1.76 768 Reedy's 430 3.77 52 3,225 2.58 267 3,656 2.72 319 9,191 2.54 750 12,846 2.59 1,069 Yaloginda District 53 2.59 4 4,128 1.47 195 4,181 1.49 200 5,879 1.40 265 10,060 1.44 464 Bluebird Stockpiles 350 1.34 15 0 0.00 0 350 1.34 15 0 0.00 0 350 1.34 15 Fortnum District 332 2.67 28 2,951 2.08 197 3,282 2.14 226 618 1.88 37 3,900 2.10 263 Horseshoe 0 0.00 0 1,266 2.09 85 1,266 2.09 85 183 1.43 8 1,449 2.01 93 Peak Hill 0 0.00 0 7,547 1.55 376 7,547 1.55 376 1,838 1.78 105 9,385 1.60 481 FGO Stockpiles 723 0.95 22 481 0.69 11 1,204 0.85 33 16 0.54 0 1,220 0.84 33 Total 2,884 2.39 221 41,741 1.77 2,370 44,625 1.81 2,591 27,100 2.14 1,864 71,724 1.93 4,455 SOUTHERN GOLDFIELDS GOLD OPERATIONS MINERAL RESOURCE STATEMENT – ROUNDED FOR REPORTING – 1/08/2024 Measured Indicated Measured and Indicated Inferred Total Project Tonnes ('000s) Grade Ounces Au ('000s) Tonnes ('000s) Grade Ounces Au ('000s) Tonnes ('000s) Grade Ounces Au ('000s) Tonnes ('000s) Grade Ounces Au ('000s) Tonnes ('000s) Grade Ounces Au ('000s) HGO Central 931 2.94 88 2,442 2.74 215 3,373 2.80 303 1,519 2.91 142 4,892 2.83 445 HGO Greater 466 3.00 45 2,799 2.79 251 3,265 2.82 296 1,999 2.39 154 5,264 2.66 450 Mt Henry 11,042 1.19 424 10,172 1.16 378 21,214 1.18 802 2,565 1.28 106 23,779 1.19 907 HGO Stockpiles 373 0.40 5 1,568 0.76 38 1,940 0.69 43 0 0.00 0 1,940 0.69 43 BHO Stockpiles 47 2.09 3 0 0.00 0 47 2.09 3 0 0.00 0 47 2.09 3 Total 12,859 1.37 565 16,981 1.62 882 29,840 1.51 1,447 6,083 2.05 402 35,923 1.60 1,849

26 Westgold Resources Limited Annual Report 2024 Table 3 – Nickel Mineral Resource Estimates at 1 August 2024 for Beta Hunt. BETA HUNT NICKEL OPERATIONS MINERAL RESOURCE STATEMENT – ROUNDED FOR REPORTING – 1/08/2024 Measured Indicated Measured and Indicated Inferred Total Project Tonnes ('000s) Ni (%) NiT ('000s) Tonnes ('000s) Ni (%) NiT ('000s) Tonnes ('000s) Ni (%) NiT ('000s) Tonnes ('000s) Ni (%) NiT ('000s) Tonnes ('000s) Ni (%) NiT ('000s) Big Bell District 0 0.0% 0 749 2.8% 21 749 2.8% 21 499 2.7% 13 1,248 2.8% 35 Total 0 0.0% 0 749 2.8% 21 749 2.8% 21 499 2.7% 13 1,248 2.8% 35 Table 4 – Gold Ore Reserves at 30 June 2024 for Westgold Operating Mines. MURCHISON GOLD OPERATIONS ORE RESERVE STATEMENT – ROUNDED FOR REPORTING – 30/06/2024 Proven Probable Total Operating Mine Tonnes ('000s) Grade Ounces Au ('000s) Tonnes ('000s) Grade Ounces Au ('000s) Tonnes ('000s) Grade Ounces Au ('000s) Big Bell UG 9,808 1.48 467 4,898 3.10 489 14,706 2.02 956 Fender UG 81 2.58 7 147 2.68 13 228 2.65 19 Great Fingall UG 0 0.00 0 1,895 4.20 256 1,895 4.20 256 Golden Crown UG 0 0.00 0 230 4.52 33 230 4.52 33 Bluebird Group UG 75 3.91 9 2,967 2.81 268 3,041 2.83 277 Starlight UG 676 2.56 56 972 2.36 74 1,647 2.44 129 Total 10,640 1.58 539 11,107 3.17 1,132 21,747 2.39 1,671 SOUTHERN GOLDFIELDS GOLD OPERATIONS ORE RESERVE STATEMENT – ROUNDED FOR REPORTING – 1/08/2024 Proven Probable Total Operating Mine Tonnes ('000s) Grade Ounces Au ('000s) Tonnes ('000s) Grade Ounces Au ('000s) Tonnes ('000s) Grade Ounces Au ('000s) Two Boys 0 0.00 0 0 0.00 0 0 0.00 0 Pioneer 0 0.00 0 135 2.30 10 135 2.30 10 Beta Hunt 304 2.69 26 5,940 2.70 516 6,244 2.70 542 Total 304 2.69 26 6,075 2.69 526 6,379 2.69 552 OUR OPERATIONS MINERAL RESOURCES & ORE RESERVES (CONTINUED)

27 Westgold Resources Limited Annual Report 2024 Table 5 – Gold Ore Reserves at 30 June 2024 for Westgold Non-Operating Projects. MURCHISON GOLD OPERATIONS ORE RESERVE STATEMENT – ROUNDED FOR REPORTING – 30/06/2024 Proven Probable Total Project Tonnes ('000s) Grade Ounces Au ('000s) Tonnes ('000s) Grade Ounces Au ('000s) Tonnes ('000s) Grade Ounces Au ('000s) Big Bell District 0 0.00 0 59 2.98 6 59 2.98 6 Cuddingwarra 0 0.00 0 98 1.77 6 98 1.77 6 Day Dawn District 0 0.00 0 0 0.00 0 0 0.00 0 Tuckabianna 0 0.00 0 683 3.00 66 683 3.00 66 Tuckabianna Stockpiles 81 2.09 5 3,627 0.70 81 3,709 0.73 87 Meekatharra North 0 0.00 0 0 0.00 0 0 0.00 0 Nannine 0 0.00 0 262 1.93 16 262 1.93 16 Paddy's Flat 48 4.10 6 435 3.86 54 483 3.88 60 Reedy's 57 3.35 6 398 3.42 44 455 3.41 50 Yaloginda District 0 0.00 0 0 0.00 0 0 0.00 0 Bluebird Stockpiles 350 1.34 15 0 0.00 0 350 1.34 15 Fortnum District 0 0.00 0 429 1.85 26 429 1.85 26 Horseshoe 0 0.00 0 357 2.18 25 357 2.18 25 Peak Hill 0 0.00 0 0 0.00 0 0 0.00 0 FGO Stockpiles 723 0.95 22 481 0.69 11 1,204 0.85 33 Total 1,260 1.36 55 6,828 1.52 334 8,088 1.50 389 SOUTHERN GOLDFIELDS GOLD OPERATIONS ORE RESERVE STATEMENT – ROUNDED FOR REPORTING – 1/08/2024 Proven Probable Total Project Tonnes ('000s) Grade Ounces Au ('000s) Tonnes ('000s) Grade Ounces Au ('000s) Tonnes ('000s) Grade Ounces Au ('000s) HGO Central District 132 2.20 9 512 3.02 50 644 2.85 59 HGO Greater 288 2.28 21 1,303 3.00 126 1,591 2.87 147 Mt Henry 7,208 1.30 301 3,622 1.37 160 10,830 1.32 461 HGO Stockpiles 298 0.80 8 569 0.80 15 867 0.80 22 BHO Stockpiles 47 2.09 3 0 0.00 0 47 2.09 3 Total 7,973 1.34 342 6,006 1.81 349 13,979 1.54 692

28 Westgold Resources Limited Annual Report 2024 OUR OPERATIONS EXPLORATION RESULTS AND MINERAL RESOURCES ESTIMATES The information in this report that relates to Exploration results and Mineral Resource Estimates is compiled by Westgold technical employees and contractors under the supervision of Mr Jake Russell B.Sc. (Hons), who is a member of the Australian Institute of Geoscientists and who has verified, reviewed and approved such information. Mr Russell is a full-time employee of the Company and has sufficient experience which is relevant to the styles of mineralisation and types of deposit under consideration and to the activities which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the “JORC Code”) and as a Qualified Person as defined in the CIM Guidelines and National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). Mr. Russell is an employee of the Company and, accordingly, is not independent for purposes of NI 43-101. Mr Russell consents to and approves the inclusion in this report of the matters based on his information in the form and context in which it appears. Mr Russell is eligible to participate in short-term and long-term incentive plans of the Company. Westgold confirms that it is not aware of any new information or data that materially affects the information included in the Westgold Mineral Resource and Ore Reserve Estimates ASX announcement dated 23 September 2024, other than changes due to normal mining depletion during the period prior to the publishing of this report and that all key inputs, assumptions and technical parameters underpinning the estimates in the Westgold Mineral Resource and Ore Reserve Estimates ASX announcement continue to apply and have not materially changed. ORE RESERVES The information in this report that relates to Ore Reserve is based on information compiled by Mr. Leigh Devlin B.Eng. FAusIMM, who has verified, reviewed and approved such information. Mr Devlin has sufficient experience which is relevant to the styles of mineralisation and types of deposit under consideration and to the activities which they are undertaking to qualify as a Competent Person as defined in the JORC Code and as a Qualified Person as defined in the CIM Guidelines and NI 43-101. Mr Devlin consents to and approves the inclusion in this report of the matters based on his information in the form and context in which it appears. Mr. Devlin is a full-time senior executive of the Company and is eligible to and may participate in short-term and long-term incentive plans of the Company. FORWARD LOOKING STATEMENTS These materials prepared by Westgold Resources Limited include forward looking statements. Often, but not always, forward looking statements can generally be identified by the use of forward looking words such as “may”, “will”, “expect”, “intend”, “believe”, “forecast”, “predict”, “plan”, “estimate”, “anticipate”, “continue”, and “guidance”, or other similar words and may include, without limitation, statements regarding plans, strategies and objectives of management, anticipated production or construction commencement dates and expected costs or production outputs. Forward looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance and achievements to differ materially from any future results, performance or achievements. Relevant factors may include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licenses and permits and diminishing quantities or grades of reserves, political and social risks, changes to the regulatory framework within which the Company operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation. Forward looking statements are based on the Company and its management’s good faith assumptions relating to the financial, market, regulatory and other relevant environments that will exist and affect the Company’s business and operations in the future. The Company does not give any assurance that the assumptions on which forward looking statements are based will prove to be correct, or that the Company’s business or operations will not be affected in any material manner by these or other factors not foreseen or foreseeable by the Company or management or beyond the Company’s control. Although the Company attempts and has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in forward looking statements, there may be other factors that could cause actual results, performance, achievements or events not to be as anticipated, estimated or intended, and many events are beyond the reasonable control of the Company. In addition, the Company’s actual results could differ materially from those anticipated in these forwardlooking statements as a result of the factors outlined in the “Risk Factors” section of the Company’s continuous disclosure filings available on SEDAR+ or the ASX, including, in the Company’s FY2023 Annual Report, half year report for 2024 or most recent management discussion and analysis. Accordingly, readers are cautioned not to place undue reliance on forward looking statements. Forward looking statements in these materials speak only at the date of issue. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, in providing this information the Company does not undertake any obligation to publicly update or revise any of the forward-looking statements or to advise of any change in events, conditions or circumstances. COMPETENT/QUALIFIED PERSON STATEMENTS DISCLAIMER Westgold Resources Limited has prepared this report based on information available to it. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this report. To the maximum extent permitted by law, none of Westgold Resources Limited, its directors, employees or agents, advisers, nor any other person accepts any liability, including, without limitation, any liability arising from fault or negligence on the part of any of them or any other person, for any loss arising from the use of this Report or its contents or otherwise arising in connection with it. Nothing in this report is or is to be taken to be an offer, invitation, solicitation or other recommendation with respect to the subscription for, purchase or sale of any security, and neither this report nor anything in it or referenced within it shall form the basis of any contract or commitment whatsoever.

29 Westgold Resources Limited Annual Report 2024 FINANCIAL REPORT

for the year ended 30 June 2024 FINANCIAL REPORT 30 Westgold Resources Limited Annual Report 2024 DIRECTORS’ REPORT The Directors submit their report together with the financial report of Westgold Resources Limited (Westgold or the Company) and of the Consolidated Entity, being the Company and its controlled entities (the Group), for the year ended 30 June 2024. DIRECTORS The names and details of the Company’s Directors in office during the financial year and until the date of this report are as follows. Directors were in office for this entire period unless otherwise stated. Names, qualifications, experience and special responsibilities Hon. Cheryl L Edwardes AM - Non-Executive Chair (Appointed 28 March 2022) Ms Edwardes is a highly credentialed and experienced company director and Chair. A solicitor by profession and former AttorneyGeneral for Western Australia, Minister for Environment and Minister for Labour Relations. Ms Edwardes has extensive experience and knowledge of Western Australia’s legal and regulatory framework relating to mining projects, environmental, native title, heritage and land access. During the past three years, she has also served as a director of the following public listed companies: – Kalium Lakes Limited (appointed 25 November 2022; resigned 3 August 2023); – Red Hawk Mining Limited (appointed 17 June 2019); – Nuheara Limited (appointed 2 January 2020); and – Vimy Resources Limited (appointed 26 May 2014; resigned 4 August 2022). Wayne C Bramwell - Managing Director & Chief Executive Officer (Appointed Non-Executive Director 3 February 2020) Mr Bramwell (BSc Extractive Metallurgy, Grad Dip Business, MSc (Min Econ)) is a metallurgist and mineral economist, experienced director and mining executive with extensive project and corporate development, executive management and governance expertise in precious and base metal companies spanning nearly three decades. He holds a Bachelor of Science in Extractive Metallurgy, a Graduate Diploma in Business, a Master of Science in Mineral Economics and is a graduate of the Australian Institute of Company Directors. During the past three years, he has served as a director of the following public listed companies: – CZR Resources Limited (appointed 3 November 2020; resigned 19 February 2021); – Azure Minerals Limited (appointed 14 October 2020; resigned 19 February 2021); – Ardea Resources Limited (appointed 29 January 2018; resigned 3 July 2020); – Vimy Resources Limited (appointed 18 October 2021; resigned 4 August 2022); and – Deep Yellow Limited (appointed 4 August 2022; resigned 31 January 2023). Fiona J Van Maanen - Non-Executive Director (Appointed 6 October 2016) Mrs Van Maanen is a CPA, holds a Bachelor of Business (Accounting) and a Graduate Diploma in Company Secretarial Practice. Mrs Van Maanen has significant experience in corporate governance, financial management and accounting in the mining and resources industry. Mrs Van Maanen serves on Westgold’s Audit, Risk and Compliance Committee and Remuneration and Nomination Committee. During the past three years, she has served as a director of Pantoro Limited (appointed 4 August 2020) and Wildcat Resources Limited (appointed 1 June 2024). Gary R Davison - Non-Executive Director (Appointed 1 June 2021) Mr Davison (FAusIMM (CP)), is a highly regarded mining engineer with over 45 years of worldwide mining experience. Gary holds a Diploma in Engineering (Mining) and a Masters in Mineral and Energy Economics. He is also the Managing Director of Australia’s premier mining consultancy Mining One Pty Ltd. Mr Davison serves on Westgold’s Audit, Risk and Compliance Committee and Remuneration and Nomination Committee. During the past three years, he has served as a director of Nagambie Resources Ltd (appointed 15 May 2019, resigned 8 September 2021).

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