FINANCIAL REPORT NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS for the year ended 30 June 2025 116 WESTGOLD RESOURCES LIMITED 31. OPERATING SEGMENTS For management purposes, the Group is organised into operating segments determined by the location of the mineral being mined or explored, as these are the sources of the Group’s major risks and have the most effect on rates of return. The operating segments reported including comparatives have been updated in the current financial year as a result of the merger with Karora and in accordance with current operations strategy, key decision making and segment information provided to the Chief Operating Decision Maker (CODM), being the executive management team. The previously identified operating segments were combined into one Murchison segment and newly acquired operations of Karora were identified as Southern Goldfields segment. Reportable segments The Group comprises the following reportable segments Segment Nature Murchison Mining, treatment, exploration and development of gold assets Southern Goldfields Mining, treatment, exploration and development of gold assets General Executive management monitors the operating results of its operating segments separately for the purpose of making decisions about resource allocation and performance assessment. Segment performance is evaluated based on operating profit or loss and is measured consistently with profit or loss in the consolidated financial statements. However, certain income and expenses (see below) are managed on a consolidated basis and are not allocated to operating segments. All other adjustments and eliminations are part of the detailed reconciliations presented further below. Unallocated income and costs Finance income and fair value gains and losses on financial assets are not allocated to individual segments as the underlying instruments are managed on a Group basis. Current taxes, deferred taxes and certain financial assets and liabilities are not allocated to those segments as they are also managed on a Group basis. Corporate charges comprise non-segmental expenses such as head office expenses and interest costs. Corporate charges are not allocated to operating segments. Refer to reconciliation segment results to consolidated results. Other disclosures Capital expenditure consists of additions of property, plant and equipment, mine properties and development and exploration and evaluation expenditure including assets from the acquisition of subsidiaries.
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