Westgold Resources (WGX) Corporate presentation summary

Strategic achievements and operational highlights

• Achieved record FY26 gold production of 387koz, exceeding guidance and marking a 19% increase over FY25.

• Three consecutive years of reserve growth, with Ore Reserves reaching 4.1Moz and a 10-year reserve life.

• Expanded mineral resources to 14.4Moz, up 8% year-over-year, and declared a maiden 1.1Moz Fletcher Ore Reserve.

• Fully funded for organic growth, with studies underway to lift milling capacity by 66% across key hubs.

• Returned $122M to shareholders in FY26 through dividends and buybacks, with a new capital return policy adopted.

Financial performance

• Underlying EBITDA reached $1.1B, up 122% year-over-year, with a 45% EBITDA margin.

• Underlying net profit after tax was $480M, and statutory NPAT was $443M, reflecting strong operational leverage.

• Free cash flow totaled $602M, with a closing treasury balance of $939M and total available liquidity of $1.5B.

• $964M net cash flow from operations, with $341M invested in growth capital and $42M in exploration.

• Maintained a debt-free balance sheet, supported by robust cash generation and liquidity.

Growth initiatives and expansion plans

• Ongoing expansion studies at Cue, Meekatharra, and Higginsville hubs could increase total milling capacity from ~5.7Mtpa to ~9.5Mtpa.

• Cue Hub expansion to 1.7Mtpa (21% capacity increase), Meekatharra to 2.9Mtpa (61% increase), and Higginsville to 4.0Mtpa (150% increase) are under study.

• 1.5Moz of gross Ore Reserve additions in FY26 at a cost of $27/oz, with $50–75M planned for exploration in FY27.

• Fletcher project delivered a maiden 1.1Moz Ore Reserve within two years of acquisition, with further drilling planned.

• Drilling success compounding, with 26 rigs active and a focus on extending resources and converting them to reserves.