Westgold Operations

Westgold currently owns three operating gold projects with a fourth under refurbishment. The four processing facilities have a combined 5.5 million tonnes per annum treatment capacity. All are located in the prolific gold production belts of Western Australia. The Total Mineral Resource Estimate of these four projects contain an aggregate 15.4 million ounces of gold. The Ore Reserve subset of these totals 2.89 million ounces of gold.

In addition the group holds a significant gold dominant polymetallic deposit at Rover 1 in the Northern Territory. Rover 1 is at feasibility stage and contains a significant resource of 6.8 million tonnes at 1.73g/t gold, 2.1g/t Silver, 1.2% Copper, 0.14% Bismuth and 0.06% Cobalt. (Refer to ASX:MLX announcements 18 August 2016 for detail on Mineral Resource and Ore Reserve Statements).

The current annualised gold production will continue to build as the CMGP continues to ramp up and the Fortnum Gold Project approaches start-up (by the end of 2016). Westgold’s current operating strategy has this increasing to above 400,000oz per annum over the ensuing years.

Westgold’s three operations currently in production are: