Westgold Resources Limited Annual Report 2021

8 Westgold Resources Limited Annual Report 2021 OUR OPERATIONS REVIEW OF OPERATIONS Westgold Resources Limited [ASX: WGX] is a uniquely Western Australian gold company. With a workforce of over 1000 people, we are the dominant explorer, developer, operator and gold mining company in the Murchison region. With over 1,300 km2 of tenure across the Murchison and Bryah Basin we currently operate six underground mines, several open pits and three processing plants with an installed processing capacity of ≈4 Mtpa. Westgold is the owner-operator of all of its underground and open pit mines and as such this vertical integration provides greater cost control and operating flexibility across the Company’s assets. We operate on a ‘hub and spoke’ model with our Murchison mines being able to feed ore to our Meekatharra and Tuckabianna processing hubs and our Bryah Basin mines sending ore to the Fortnum hub. The Murchison Operations incorporate two processing hubs including the Cue Gold Operation [CGO] and the Meekatharra Gold Operation [MGO]. Combined these operations are forecast to produce approximately +210,000 oz in financial year 2021-2022 [FY22]. CUE GOLD OPERATION MURCHISON OPERATIONS CGO is located around the regional town of Cue and encompasses Westgold’s southern-most group of Murchison assets including the historic mining centres of Big Bell, Cuddingwarra, Day Dawn, Tuckabianna and Pinnacles. This package includes two of Australia’s most prolific past producers in the Big Bell mine [≈2.6 million ounces] and the Great Fingall mine [≈1.2 million ounces]. CGO incorporates the 1.2-1.4 Mtpa Tuckabianna processing hub, a 136-person village at Big Bell, a 250-person camp at Cue and associated mining infrastructure to support a large FIFO and DIDO mining operation. The Tuckabianna plant receives underground ore from the large Big Bell underground and the smaller Comet underground mines as well ore from the Cuddingwarra open pits. The Tuckabianna processing hub treated 1,261,129 tonnes of ore, within the mid-range of the plants operating capacity and in line with expectations. The metallurgical recoveries rate for the ore blend was 88.21%.