for the year ended 30 June 2022 FINANCIAL REPORT DIRECTORS’ REPORT 26 Westgold Resources Limited Annual Report 2022 In addition to current Mineral Resources and Ore Reserves, CGO has a number of exploration targets which should underwrite sustainable gold production at the operations beyond existing targets, including: – The Great Fingall – Day Dawn area – which has hosted the significant past producers of Great Fingall and Golden Crown (historic head grades of 19.5g/t and 14g/t respectively); – Caustons – on the Tuckabianna trend, close to the mill and high potential for underground mining; – Fender Mine – a shallow underground target identified beneathWestgold’s Fender open pit; – Additional shallow targets on the Big Bell line of lode beneath the 700, 1600 and the Shocker pits; and – Open pit targets within the Cuddingwarra Mining centre. Mining Services Division Westgold is unique in theWAmining sector in that it is predominantly an owner-operator of its mines, with the underground mining services division operating through a 100% owned subsidiary. Westgold Operating Performance by Operation Year Ended 30 June 2022 MURCHISON BRYAH GROUP Physical Summary Units UGOre Mined t 2,433,591 705,868 3,139,459 UGGrade Mined g/t 2.7 2.9 2.8 OP Ore Mined t 669,454 – 669,454 OP Grade Mined g/t 1.6 – 1.6 Ore Processed t 2,872,855 825,070 3,697,925 Head Grade g/t 2.5 2.6 2.5 Recovery % 89 95 90 Gold Produced oz 204,937 65,947 270,884 Gold Sold oz 203,986 65,719 269,705 Achieved Gold Price $/oz 2,399 2,408 2,401 Cost Summary Mining $/oz 1,158 822 1,076 Processing $/oz 406 370 397 Admin $/oz 88 76 84 Stockpile Adjustments $/oz (165) 26 (119) C1 Cash Cost (produced)1 $/oz 1,487 1,294 1,438 Royalties $/oz 95 62 87 Corporate Costs $/oz 20 36 24 Sustaining Capital $/oz 146 133 143 All-in Sustaining Costs2 $/oz 1,748 1,525 1,692
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