Perth 9 Office LEGEND �) Operating mines � Processing plants Western Australia ----, 9 Kalgoorlie r - - - - I ® I I 'Iii!® I L---- 10 WESTGOLD RESOURCES LIMITED OUR OPERATIONS REVIEW OF OPERATIONS RISING TO THE CHALLENGE FY25 was both a transformational year, and a challenging one as we integrated the Southern Goldfields operations into Westgold’s portfolio. Our newly-expanded team took the challenge in their stride, successfully managing the integration while remaining focussed on our core business - delivering safe and profitable ounces. Amidst the complexity of integrating two distinct teams, cultures and geographically dispersed operating hubs – we achieved our highest ever gold production of 326,384oz at an All-In-Sustaining Cost (AISC) of $2,666/oz, and our best safety performance to-date. This result was marginally lower than our revised production guidance (330,000 – 350,000oz). We invested $43M in exploration and resource definition in FY25, delivering significant growth in Westgold’s mineral inventory, net of ounces depleted by mining with our Mineral Resource increasing by 24% to 16.3 Moz (up from 13.2 Moz in FY24) and Ore Reserves lifting by 5% to 3.5 Moz (up from 3.3Moz in FY24). During the year, we brought two new mines into production: the early commencement of operations at Great Fingall in the Murchison region and the initiation of open pit mining at Lake Cowan in the Southern Goldfields. Pleasingly, these efforts also delivered strong returns for our shareholders. With a landholding spanning ~3,200km2 across two of Western Australia’s most prolific gold producing regions, the Murchison and the Southern Goldfields - we have an expansive pipeline of organic growth options and exploration targets to sustain our operations for the next decade and beyond. And, with four profitable mining hubs delivering strong cash flows and our strongest balance sheet yet, we have an unprecedented opportunity to invest in our future – to create enduring value for our shareholders, our people and our host communities.
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