Westgold Resources (WGX) Corporate presentation summary

Strategic positioning and growth focus

• Ranked as an ASX100, debt-free, unhedged gold producer with a focus on organic growth, free cash flow, and shareholder returns.

• Operates four processing hubs in Western Australia, all within a Tier 1 mining jurisdiction.

• Conservative baseline plan targets growth to 470koz gold production by FY28, with FY26 guidance of 345-385koz.

• Fully funded near-term organic growth initiatives and a strong balance sheet with $1.46B in available liquidity as of March 2026.

• Active dividend and buy-back program, with a 78% dividend payout ratio in FY25 and up to 5% share buy-back approved for FY26.

Financial and operational performance

• Market capitalization of $5.4B and 944.1M shares outstanding as of May 2026.

• Cash, bullion, and liquid investments total $856M, with no drawn debt and a $600M undrawn debt facility.

• Exceptional cash flow generation, with a $492M treasury build year-to-date and $348M net mine operating cash flow in Q3 FY26.

• Q3 FY26 group production was 93koz at an AISC of $3,338/oz, with mine operating cash flow of $348M.

• FY26 guidance on track, with costs at the top end of the range and a non-sustaining capital spend of $198M year-to-date.

Asset base and resource profile

• Holds 16.3Moz of Mineral Resources and 3.5Moz of Ore Reserves as of June 2025, with ongoing drilling to grow reserves.

• Long-life assets in both Murchison and Southern Goldfields regions, with 23 drills operating at the end of Q3 FY26.

• Portfolio simplification through divestment of Mt Henry-Selene, Peak Hill, Chalice, and spin-out of Comet and Reedy projects, unlocking over $215M in upfront value.

• Major expansion approved for Higginsville Hub to 2.6Mtpa, increasing gold production by ~60kozpa and reducing processing costs by 24%.

• Significant exploration upside remains, including further expansion of Bluebird-South Junction and Beta Hunt mines.