Year Ended 30 June 2024 Murchison Southern Goldfields Group Physical Summary Units UG Ore Mined t 2,443,136 – 2,443,136 UG Grade Mined g/t 2.7 – 2.7 Ore Processed t 3,481,765 – 3,481,765 Head Grade g/t 2.3 – 2.3 Recovery % 89 – 89 Gold Produced oz 227,237 – 227,237 Gold Sold oz 227,691 – 227,691 Achieved Gold Price $/oz 3,135 – 3,135 Cost Summary – Mining $M 205 – 205 Processing $M 132 – 132 Admin $M 30 – 30 Stockpile Adjustments $M 18 – 18 C1 Cash Cost (produced)1 $M 385 – 385 C1 Cash Cost (produced)1 $/oz 1,711 – 1,711 Royalties $M 22 – 22 Corporate Costs $M 10 – 10 Sustaining Capital $M 75 – 75 All-in Sustaining Costs2 $M 492 – 492 All-in Sustaining Costs2 $/oz 2,178 – 2,178 1. C1 Cash Cost (C1): represents the cost for mining, processing and administration after accounting for movements in inventory (predominantly ore stockpiles). It includes net proceeds from by-product credits but excludes the cost of royalties and capital costs for exploration, mine development and plant and equipment. 2. All-in Sustaining Cost (AISC): is made up of the C1 cash cost plus royalty expense, sustaining capital expense and general corporate and administration expenses. CORPORATE Debt On 28 October 2024 Westgold announced it had executed a commitment letter with its existing lenders to increase its $100 million Syndicated Facility Agreement to $300 million through the addition of a new $200 million facility. The new $200 million facility sees the Company remain unhedged and strengthens the balance sheet by providing access to a total of $300 million of facilities that may be utilised for general corporate purposes. During Q2 Westgold had drawn down $50 million from its Corporate Facilities to balance the working capital requirements for operations and growth of a much larger business. This leaves a balance of $250 million in undrawn capacity. Combined with its cash, bullion and liquid investments balance of $364 million, the Company had $614 million in available liquidity at the end of the year. Gold Hedging Westgold remains 100% unhedged – offering full exposure to escalating gold price. 51 ANNUAL REPORT 2025
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