June 2026 Quarterly Report
22 July 2026
ASX Release FY26 Production Guidance Exceeded Westgold is a leading, ASX100 Q4 Underlying Cash Build of $233M Australian gold producer, with a clear purpose - to unearth enduring value for Perth, Western Australia, 22 July 2026: Westgold Resources all our stakeholders.
Limited (ASX | TSX: WGX - Westgold or the Company) is pleased to Our vision is to become the leading report results for the period ending 30 June 2026 (Q4 FY26). Australian gold company, sustaining safe, responsible and profitable HIGHLIGHTS production.
SAFETY
Our operations comprise four mining hubs, with combined processing
Lost Time Injury Frequency Rate (LTIFR) at 1.58 / million hours capacity of ~6Mtpa across the
worked
Murchison and Southern Goldfields, two of Western Australia’s most prolific
PRODUCTION
gold-producing regions.
FY26 Gold Production of 387,354oz - above FY26 Guidance range*
FY26 All in Sustaining Cost (AISC)** of $2,841/oz - within FY26 Cost Guidance
Q4 FY26 Gold production of 98,854oz Au at AISC of $2,802/oz Record mining rates achieved at Bluebird South-Junction in Q4, with annualised mining rates beyond 1Mtpa at the end of the quarter
Record annual gold production for Meekatharra and Fortnum Hubs under Westgold ownership
TREASURY
Q4 FY26 underlying cash build of $233M - before investments in growth ($142M), shareholder returns through buybacks ($22M), investment in exploration ($11M) and proceeds from asset sales (+$25M)
$939M in closing cash, bullion, and liquid investments @ 30 June 2026 - an increase of $575M for FY26 and $83M Q on Q
Financial values are reported in A$ unless Westgold is 100% debt free and remains fully unhedged otherwise specified.
CORPORATE This announcement is authorised for
Divestment of Peak Hill and Chalice Gold Projects - simplifies the
release to the ASX by the Board.
portfolio and marks completion of non-core asset divestments
Investor Relations
Kasun Liyanaarachchi Share buyback continues - $27M of Westgold shares purchased on- Group Manager IR & Communications market in FY26 [email protected] +61 458 564 483
FY27 Guidance, updated 3 Year Outlook, Full Year Financial Media Results, and dividend update - to be reported in August 2026 Annette Ellis Manager Communications and Corporate Affairs * Refer to the Company's ASX announcement titled "FY26 Guidance" dated 7 August [email protected] 2025 for further information regarding the FY26 Guidance.
+61 458 200 039 ** AISC reported exclusive of ore purchase agreement (OPA) costs and associated production
Westgold Resources Limited westgold.com.au Level 13, 200 St Georges Terrace ASX: WGX | TSX: WGX T: +61 8 9462 3400 Perth WA 6000 / PO Box 7068 ABN 60 009 260 306 E: [email protected] Cloisters Square WA 6850
Westgold Managing Director and CEO Wayne Bramwell commented:
“FY26 was a defining year for Westgold and showed our strategy is delivering results.
Over the past two years, we have simplified our portfolio, focused on our highest return assets and prudently allocated capital on key projects and infrastructure that enables future growth. In FY26, this strategy delivered record annual production of 387,354oz, above our guidance range, achieved our cost guidance, and placed Westgold in the strongest treasury position in its history.
Improving operational delivery generated an underlying cash build of $233M for the quarter, with Westgold closing FY26 with $939M in cash, bullion and liquid investments. We remain debt free, unhedged and with the financial strength to fund both organic growth, and ongoing return of capital to our shareholders.
During the quarter, we invested $142M in growth, optimisation and infrastructure projects across the business. This included $79M of planned investment in key growth projects including the Bluebird-South Junction and Great Fingall mine developments and the early commencement of the Murchison Open Pit Programme which was brought forward from FY27. We also invested $64M in plant and equipment including the purchase of the Westgold Village, formerly known as the Bluebush Accommodation Village in Kambalda.
Corporately we have been active, completing the Valiant Gold (ASX: VAL) IPO in March and the divestment of our remaining non-core assets during Q4. These initiatives streamline our portfolio and immediately unlock significant value for our shareholders.
On a cost basis, Westgold’s full year cost performance was within our guidance and reflects greater scale, improving asset utilisation and more disciplined operational and commercial execution. In FY27 cost control remains key, with our team focused on lifting mill feed grade, mine productivity and processing efficiency to offset potential cost inflation across the sector.
Westgold enters FY27 with a committed team, increasing operational momentum, a robust balance sheet and confidence in our long-term strategy. These factors enhance the resilience of our business and with our four processing hubs being optimised, cornerstone mines ramping up and our internal financial capacity to support organic growth, Westgold is well placed to continue to deliver sustainable returns to our shareholders.”
Executive Summary
Cash Position as of 30 June 2026
Westgold closed Q4 FY26 with cash, bullion and liquid investments of $939M – representing a quarter-on-quarter build of $83M.
Underlying cash build for Q4 FY26 was $233M - before share buy backs ($22M), growth and exploration spend (invested $142M on non-sustaining capital and $11M on exploration), and one-off cash inflows (proceeds from asset divestment totalled $25M).
This result was driven by a strong realised gold price of $6,391/oz and a competitive AISC margin of $3,589/oz.
+$83
Figure 1: Cash, Bullion, and Liquid Investments Movement (A$M) – Q4 FY26
Notes for Q4 Cash, Bullion and Liquid Investment Movements
- Total Q4 share buybacks of $22M - with a total of $27M bought back for FY26.
▪
Proceeds from asset sales of $25M - relating to the Peak Hill divestment consideration received in the quarter. 1
- Total Q4 FY26 tax payments of $56M - with approximately $200M remaining payable in relation to FY26 in FY27.
- Closing Q4 FY26 liquid investments exclude investment in Valiant Gold Limited and Corazon Mining Limited (closed post Q4 FY26).
- Westgold remains unhedged and fully exposed to the spot gold price.
1 Refer to the Company's ASX announcement titled "Completion of the Peak Hill Gold Project Divestment" dated 1 July 2026 for further information.
Group Highlights – Q4, FY26
In Q4 FY26, Westgold processed 1,468 kt (Q3 FY26: 1,481kt) of ore at an average grade of 2.3g/t Au (Q3 FY26: 2.1g/t Au), producing 98,854oz of gold (Q3 FY26: 93,145oz). The higher production was driven from the Murchison business with increasing contributions from higher grade ore from Starlight, the expanding Bluebird-South Junction underground mine, improvement in the Cue operations and third party purchased ore processed at the Meekatharra hub.
During the quarter, Westgold mined 1,334kt at 2.1g/t Au (Q3 FY26: 1,148kt at 2.2g/t Au). Total tonnes mined increased quarter on quarter due to improving mining rates at Bluebird-South Junction, Big Bell, Great Fingall and Beta Hunt.
On a full year basis, Westgold produced 387,354oz of gold for FY26, achieving record annual production for the Company and exceeding the top end of our FY26 production guidance of 345,000 – 385,000oz. 2
All-In Sustaining Cost (AISC) for Q4 FY26 was $230M (Q3 FY26: $231M), and on a per ounce basis was $2,802/oz (Q3 FY26: $2,931/oz). The reduction in AISC/oz was driven primarily by the higher production quarter on quarter.
FY26 AISC was $2,841/oz - delivering our FY26 cost guidance range of $2,600 – $2,900/oz.2
Increases in the price of diesel added $12M to Westgold’s cost base in Q4 FY26, offset by a reduction in royalty payments due to the softening of the gold price compared to the prior quarter.
Importantly, Westgold has not experienced any diesel supply disruptions. The Company maintains long-term supply agreements with a global major diesel producer, providing security of supply across its operations. Westgold retains contingency plans to manage potential supply disruptions due to geopolitical developments in the Middle East, ensuring operational continuity and the protection of shareholder value.
Westgold’s current 3-Year Outlook 3 (3YO) outlines a clear strategy going forward to optimise value from our core assets. Lower grade stockpile feed is progressively being replaced with higher grade sources across the portfolio, with Westgold actively accelerating organic opportunities (such as the Murchison Open Pit Programme) that can bring value forward across the 3YO.
Westgold will provide its full year FY26 Financial Results, a dividend update, and FY27 Guidance in August 2026. With FY26 now complete, the Company will also provide an updated 3 Year Outlook in August that will incorporate FY29.
2 Refer to the Company's ASX announcement titled "FY26 Guidance" dated 7 August 2025 for further information regarding the FY26 Guidance.
3 Refer to the Company's ASX announcement titled "Westgold Provides 3-Year Outlook" dated 1 October 2025 for further information.
Gold production (oz)
Achieved gold price ($/oz)
AISC ($/oz)
AISC ($M)
*Q1 and Q2 FY26 AISC adjusted post Half-Year Financial Report for the period ended 31 December 2025
Figure 2: Westgold Quarterly Production (oz), Achieved Gold Price and AISC ($/oz)
In Q4 FY26, the Company sold 110,345oz of gold achieving a price of $6,391/oz, generating $705M in revenue. With Westgold hedge free, operations generated $313M of mine operating cashflows and a strong AISC margin of $3,589/oz.
Total non-sustaining capital expenditure during Q4 FY26 of $142M (Q3 FY26: $81M) includes $79M of planned investment in growth projects (Bluebird-South Junction and Great Fingall development, and the early commencement of the Murchison Open Pit Programme brought forward from FY27) and $64M in plant and equipment (processing facilities, ventilation, water, and camp infrastructure across the Group, and purchase of the Westgold Village, formerly known as the Bluebush Accommodation Village in Kambalda).
Total non-sustaining capital expenditure for FY26 was $341M, above FY26 guidance of $270M2. The increase primarily reflects the deliberate acceleration of several high-return growth and optimisation initiatives planned for FY27, including bringing forward capital elements of the Murchison Open Pit Programme and investment in infrastructure in FY26 to support future production growth.
Investment in exploration and resource development for the quarter was $11M (Q3 FY26: $13M). For FY26, exploration and resource development investment was $42M, below the FY26 exploration guidance of $50M2. The variance primarily reflects the timing of approvals and access requirements for planned drilling programs, with expenditure deferred into FY27.
Westgold expects exploration investment to increase in FY27. This is a deliberate decision as increasing our drilling budgets in resource development and exploration can build value and reduce execution risk of the Company's extensive pipeline of organic growth opportunities.
The net mine cash inflow for Q4 FY26 was $159M (refer Table 1 under Group Performance Metrics).
Group Performance Metrics
Westgold’s quarterly physical and financial outputs for Q4 FY26 are summarised below.
Table 1: Westgold Q4 FY26 Performance
| Southern | ||||
|---|---|---|---|---|
| Physical Summary | Units | Murchison | Group | |
| Goldfields | ||||
| ROM - Ore Mined | t | 879,967 | 453,924 | 1,333,891 |
| Grade Mined | g/t | 2.2 | 2.0 | 2.1 |
| Ore Processed1 | t | 1,060,799 | 406,873 | 1,467,672 |
| Head Grade1 | g/t | 2.3 | 2.0 | 2.3 |
| Recovery1 | % | 92 | 94 | 93 |
| Gold Produced1 | oz | 74,096 | 24,758 | 98,854 |
| Gold Sold | oz | 78,372 | 31,973 | 110,345 |
| Achieved Gold Price | A$/oz | 6,391 | 6,391 | 6,391 |
| Southern | ||||
| Cost Summary | Units | Murchison | Group | |
| Goldfields | ||||
| Mining2 | A$’M | 71 | 65 | 136 |
| Processing | A$’M | 38 | 11 | 49 |
| Admin | A$’M | 8 | 8 | 16 |
| Stockpile Movements | A$’M | 3 | (16) | (13) |
| Royalties | A$’M | 13 | 11 | 24 |
| Sustaining Capital | A$’M | 15 | 3 | 18 |
| All-in Sustaining Costs | A$’M | 148 | 82 | 230 |
| All-in Sustaining Costs | A$/oz | 2,567 | 3,331 | 2,802 |
| Southern | ||||
| Notional Cashflow Summary | Units | Murchison | Group | |
| Goldfields | ||||
| Notional Revenue (produced oz) | A$’M | 473 | 158 | 631 |
| All-in Sustaining Costs | A$’M | (148) | (82) | (230) |
| Ore Purchase Agreements1,2 | A$’M | (88) | — | (88) |
| Mine Operating Cashflow | A$’M | 237 | 76 | 313 |
| Growth Capital | A$’M | (65) | (14) | (79) |
| Plant and Equipment | A$’M | (29) | (35) | (64) |
| Exploration Spend | A$’M | (7) | (4) | (11) |
| Net Mine Cashflow | A$’M | 136 | 23 | 159 |
| Net Mine Cashflow | A$/oz | 1,825 | 981 | 1,614 |
1. Processing physicals includes 172kt of New Murchison OPA ore processed at 3.1g/t for 16,505oz in the Murchison and 9kt of Forrestania Resources OPA ore processed at 0.6g/t for 151oz in the Southern Goldfields. Third party ounces from OPAs are included in gold production but excluded from A$/oz calculations
2. Mining costs exclude costs in relation to OPAs
Table 2: Westgold FY26 YTD Performance
| Southern | ||||
|---|---|---|---|---|
| Physical Summary | Units | Murchison | Group | |
| Goldfields | ||||
| ROM - Ore Mined | t | 3,047,782 | 1,847,976 | 4,895,758 |
| Grade Mined | g/t | 2.3 | 2.1 | 2.2 |
| Ore Processed1 | t | 4,075,487 | 1,757,819 | 5,833,306 |
| Head Grade1 | g/t | 2.3 | 2.2 | 2.2 |
| Recovery1 | % | 92 | 94 | 93 |
| Gold Produced1 | oz | 272,302 | 115,052 | 387,354 |
| Gold Sold | oz | 271,949 | 118,409 | 390,358 |
| Achieved Gold Price | A$/oz | 6,238 | 6,238 | 6,238 |
| Southern | ||||
| Cost Summary | Units | Murchison | Group | |
| Goldfields | ||||
| Mining2 | A$’M | 304 | 238 | 542 |
| Processing | A$’M | 153 | 64 | 217 |
| Admin | A$’M | 33 | 35 | 68 |
| Stockpile Movements | A$’M | (16) | (29) | (45) |
| Royalties | A$’M | 50 | 55 | 105 |
| Sustaining Capital | A$’M | 45 | 9 | 54 |
| All-in Sustaining Costs | A$’M | 569 | 372 | 941 |
| All-in Sustaining Costs | A$/oz | 2,629 | 3,241 | 2,841 |
| Southern | ||||
| Notional Cashflow Summary | Units | Murchison | Group | |
| Goldfields | ||||
| Notional Revenue (produced oz) | A$’M | 1,724 | 720 | 2,444 |
| All-in Sustaining Costs | A$’M | (569) | (372) | (941) |
| Ore Purchase Agreements1,2 | A$’M | (309) | — | (309) |
| Mine Operating Cashflow | A$’M | 846 | 348 | 1,194 |
| Growth Capital | A$’M | (180) | (37) | (217) |
| Plant and Equipment | A$’M | (65) | (59) | (124) |
| Exploration Spend | A$’M | (24) | (18) | (42) |
| Net Mine Cashflow | A$’M | 577 | 234 | 811 |
| Net Mine Cashflow | A$/oz | 2,119 | 2,034 | 2,094 |
1. Processing physicals includes 506kt of New Murchison OPA ore processed at 3.4g/t for 55,862oz in the Murchison and 13kt of Forrestania Resources OPA ore processed at 0.7g/t for 276oz in the Southern Goldfields. Third party ounces from OPAs are included in gold production but excluded from A$/oz calculations
2. Mining costs exclude costs in relation to OPAs
Q4 FY26 Group Performance Overview
MURCHISON
Westgold’s Murchison operations delivered a stronger quarter-on-quarter performance, producing 74,096oz of gold in Q4 FY26 (Q3 FY26: 64,132oz). The improvement was driven by increased production from the Meekatharra Hub following the continued ramp-up of Bluebird-South Junction, together with stronger contributions from Big Bell, Great Fingall, Starlight and third party purchased ore.
At the Meekatharra Hub, Bluebird-South Junction continues to demonstrate the benefits of the updated mine design and operating methodology, delivering higher mining rates (including hitting a 1Mtpa run rate in June), increased ore supply and improved production outcomes quarter-on-quarter. The operation continues to build momentum as one of Westgold's key growth assets, with mining performance tracking in line with the planned expansion profile.
Development and mining productivity remained strong during the period, underpinning confidence in Bluebird-South Junction's ability to deliver sustained mining rates through FY27.
Additional quarter on quarter production growth was delivered from Big Bell, Great Fingall and Starlight. Following completion of the Big Bell ventilation upgrade in Q3, improved airflow increased access to mining areas and supported record ore outputs. Great Fingall continued its progressive ramp-up as deeper virgin stopes were opened, while Starlight benefited from improved grade performance from the Nightfall stopes.
These Murchison assets provided a meaningful contribution to Westgold’s stronger quarter-on-quarter performance and reflect the operational flexibility within the Murchison business unit.
Also at the Meekatharra Hub, the New Murchison OPA delivered 17koz at 3.1g/t in Q4 FY26, up from 14koz at 3.1g/t in Q3 FY26. The OPA material provided more oxide material than expected, facilitating continued higher than planned processing rates through Westgold’s Meekatharra processing hub.
Total AISC of $148M (Q3 FY26: $128M) was higher than the prior quarter due to improved milling performance drawing down on surface stockpiles built during the prior quarter.
AISC per ounce of $2,567/oz (Q3 FY26: $2,584/oz) was in line with the prior quarter.
Total Non-Sustaining Capital Expenditure of $94M, includes Growth Capital ($65M) and plant and equipment ($29M) across the Murchison. Growth capital was higher than the prior quarter as a result of increased development costs at Great Fingall, longer-dated extensional drilling at Bluebird-South Junction and the deliberate decision to commence the Murchison Open Pit Programme earlier than originally planned (in late FY26), bringing value forward in the 3YO.
SOUTHERN GOLDFIELDS
The Southern Goldfields produced 24,758oz of gold in Q4 FY26 and as expected, was lower than the prior quarter (Q3 FY26: 29,013oz). The lower quarter-on-quarter production outcome was primarily driven by reduced tonnes processed, reflecting the scheduled deferral of a 50kt toll treatment parcel at the Lakewood processing facility (previously flagged in Q3 FY26). Toll treatment at Lakewood is scheduled to recommence in Q1 FY27.
The total AISC in the Southern Goldfields decreased quarter on quarter (Q4 FY26 AISC: $82M vs Q3 FY26 AISC: $103M). On a per ounce basis, AISC was lower at $3,331/oz in Q4 FY26 (Q3 FY26: $3,546/oz). This is predominantly due to lower processing maintenance spend with no major planned shutdown and no toll treating at Lakewood.
Total Non-Sustaining Capital Expenditure of $48M in Q4 FY26 - includes Growth Capital ($14M) and plant and equipment ($35M) across the Southern Goldfields Operations mainly relating to the purchase of Westgold Village ($22M), primary ventilation, extensional drilling and power distribution equipment at the Beta Hunt mine, and tailings storage facilities at Higginsville.
Table 3: Q4 FY26 Group Mining Physicals
| Ore Mined (‘000 t) | Mined Grade | Contained ounces | |
|---|---|---|---|
| (g/t) | (Oz) | ||
| Murchison | 880 | 2.2 | 62,197 |
| Bluebird | 220 | 2.4 | 16,974 |
| Fender | 39 | 2.8 | 3,517 |
| Big Bell | 351 | 1.7 | 18,996 |
| Great Fingall | 35 | 2.5 | 2,826 |
| Starlight | 229 | 2.7 | 19,602 |
| Murchison OP | 6 | 1.6 | 282 |
| Southern Goldfields | 454 | 2.0 | 30,011 |
| Beta Hunt | 411 | 2.0 | 25,900 |
| Two Boys | 43 | 3.0 | 4,111 |
| GROUP TOTAL | 1,334 | 2.1 | 92,208 |
Table 4: Q4 FY26 Group Processing Physicals
| Ore Milled | Head Grade | Recovery (%) | Gold Production | |
|---|---|---|---|---|
| (‘000 t) | (g/t) | (Oz) | ||
| Murchison | 1,061 | 2.3 | 92 | 74,096 |
| Bluebird | 249 | 2.5 | 95 | 18,624 |
| Fender | 4.1 | 3.3 | 90 | 390 |
| Ore Purchase | 172 | 3.1 | 97 | 16,505 |
| Open Pit & Low Grade | 69 | 1.1 | 90 | 2,224 |
| Meekatharra Hub | 494 | 2.5 | 95 | 37,743 |
| Big Bell | 262 | 1.8 | 85 | 13,043 |
| Fender | 37 | 2.7 | 86 | 2,733 |
| Great Fingall | 26 | 2.4 | 85 | 1,706 |
| Open Pit & Low Grade | 17 | 1.6 | 84 | 736 |
| Cue Hub | 342 | 1.9 | 85 | 18,218 |
| Starlight | 205 | 2.9 | 94 | 17,674 |
| Open Pit & Low Grade | 20 | 0.8 | 95 | 461 |
| Fortnum Hub | 225 | 2.7 | 95 | 18,135 |
| Southern Goldfields | 407 | 2.0 | 94 | 24,758 |
| Beta Hunt | 331 | 2.1 | 94 | 20,825 |
| Two Boys | 44 | 2.3 | 92 | 2,993 |
| Lake Cowan | 8 | 1.3 | 93 | 313 |
| Ore Purchase | 9 | 0.6 | 91 | 151 |
| Open Pit & Low Grade | 15 | 1.0 | 92 | 476 |
| GROUP TOTAL | 1,468 | 2.3 | 93 | 98,854 |
Operations
Safety & Sustainability
Q4 FY26 saw continued improvement across key safety indicators, supported by sustained frontline engagement, critical control verification and leadership field presence. Leading indicator performance remained strong, while lagging indicators improved, reflecting ongoing focus on fatality prevention, critical risk management and injury reduction across the Group.
No Lost Time Injuries were recorded during the quarter, with LTIFR at 1.58 and TRIFR at 11.77 for the quarter. There were no significant environmental non-compliance events.
The Murchison
Figure 3: Westgold’s Murchison Assets
▪ Fortnum Hub
In Q4 FY26, the Fortnum Hub processed 225kt at 2.7g/t with 95% recovery for 18,135oz (Q3 FY26: 218kt at 2.4g/t with 95% recovery for 16,175oz). Fortnum's higher production outcomes were primarily driven by sequencing with higher grade material in Q4 being processed from the Nightfall lodes.
This production result capped off a stellar financial year for Fortnum, in which it produced a record 72koz of gold.
The West Ramp project was completed in the quarter which allows underground haulage direct to the processing ROM eliminating third party rehandle and haulage of underground material which will drive cost savings from Q1 FY27.
- Meekatharra Hub
The Meekatharra Hub output continues to improve. In Q4, it processed 494kt of ore at 2.5g/t with 95% recovery for 37,743oz (Q3 FY26: 477kt at 2.2g/t with 94% recovery for 31,394oz). This was driven principally by the continued ramp-up of Bluebird–South Junction, displacement of lower grade stockpile feed, and contributions from third party ore under the third party ore purchase agreement.
Operationally, the Meekatharra Hub continues to benefit from the stronger performance of the Bluebird–South Junction underground mine, Westgold's cornerstone growth asset in the Murchison. During the quarter, Bluebird–South Junction delivered record mining rates and ore supply, supporting increased mill throughput and gold production having mined 220kt at 2.4 g/t for 16,974oz (Q3 FY26: 195kt at 2.7 g/t for 16,916oz). In June, Bluebird-South Junction achieved a milestone annualised mining rate of over 1Mtpa, mining 84kt of ore.
The Hub also benefited from ore supplied under the ore purchase agreement with New Murchison Gold Limited (ASX: NMG) (OPA). During the quarter, approximately 172kt of purchased ore at 3.1g/t was processed through the Meekatharra plant, contributing 16,505oz of gold production. The OPA provides additional ore optionality and mill feed flexibility, enabling Westgold to maximise utilisation of available processing capacity while generating strong cash margins.
In FY26, the Meekatharra Hub produced a record 133koz.
- Cue Hub
In Q4 the Cue Hub outputs lifted again, processing 342kt at 1.9g/t with 85% recovery for 18,218oz (Q3 FY26: 329kt at 1.8g/t with 87% recovery for 16,563oz). The improved result reflects increasing production across the hub, led by Big Bell, which achieved record quarterly and annual mining rates, following completion of ventilation upgrades at the end of Q3 FY26.
Great Fingall also continued its progressive ramp-up during the quarter, delivering 35kt at 2.5g/t for 2,826oz mined and achieving access to the first ore drive in the Golden Crown orebody. As development continues and access increases to deeper mining fronts, Great Fingall is expected to make an increasing contribution to hub production through FY27.
▪ Murchison Open Pit Programme
The Murchison Open Pit Programme was originally planned to start in FY27 but commenced in earnest in Q4, FY26, with 6kt mined at 1.6g/t for 282 contained ounces. Mining activities remain in the early stages of development, with production expected to progressively increase through FY27 as the open pits are further established and additional ore zones become available.
The Southern Goldfields
Figure 4: Westgold’s Southern Goldfields Assets