27 Westgold Resources Limited Annual Report 2022 Year Ended 30 June 2021 MURCHISON BRYAH GROUP Physical Summary Units UGOre Mined t 1,838,171 703,508 2,541,679 UGGrade Mined g/t 2.76 2.71 2.75 OP Ore Mined t 641,962 - 641,962 OP Grade Mined g/t 1.64 - 1.65 Ore Processed t 2,945,619 822,326 3,767,945 Head Grade g/t 2.26 2.40 2.29 Recovery % 86.49 95.21 88.40 Gold Produced oz 185,146 60,265 245,411 Gold Sold oz 185,055 60,011 245,066 Achieved Gold Price $/oz 2,326 2,344 2,330 Cost Summary Mining $/oz 791 647 755 Processing $/oz 376 347 369 Admin $/oz 74 71 73 Stockpile Adjustments $/oz (34) (56) (39) C1 Cash Cost (produced)1 $/oz 1,207 1,009 1,158 Royalties $/oz 96 68 89 Corporate Costs $/oz 12 22 14 Sustaining Capital $/oz 132 205 150 All-in Sustaining Costs2 $/oz 1,447 1,304 1,411 1. C1 Cash Cost (C1): represents the cost for mining, processing and administration after accounting for movements in inventory (predominantly ore stockpiles). It includes net proceeds from by-product credits but excludes the cost of royalties and capital costs for exploration, mine development and plant and equipment. 2. All-in Sustaining Cost (AISC): is made up of the C1 cash cost plus royalty expense, sustaining capital expense and general corporate and administration expenses. C1 and AISC are non-IFRS measures and have not been audited. CORPORATE Gold Forward Contracts At the end of the financial year, the Group had unrecognised sales contracts for 148,000 ounces at an average price of $2,396 per ounce ending in July 2023, which the Group will deliver physical gold to settle (refer to Note 5). SIGNIFICANT CHANGES IN THE STATE OF AFFAIRS Total equity decreased to $587,767,457 (2021: $607,360,307). This included the issue of 48,000,000 ordinary shares equating to cash proceeds of $100,800,000 and an impairment write down of $175,535,410. SIGNIFICANT EVENTS AFTER THE BALANCE DATE There have been no other significant events after the balance date.
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