Westgold Resources Online Annual Report 2024

12 Westgold Resources Limited Annual Report 2024 REVIEW OF OPERATIONS (CONTINUED) OUR OPERATIONS OPEN PIT AND LOW-GRADE STOCKS During the reporting period, Westgold continued to monetise its inventory of low grade and open pit stocks to manage mill blend and throughput requirements, along with trucking excess Big Bell ore and stockpiles to the Bluebird Mill. CUE The Cue operations are located around the regional town of Cue and encompass Westgold’s southernmost group of Murchison assets. This package includes two of Australia’s most prolific past producers in the Big Bell mine (2.6Moz) and the Great Fingall mine (1.2Moz). The Cue processing hub incorporates the 1.4 Mtpa Tuckabianna processing plant, a 148-person village at Big Bell, a 266-person village at Cue and associated mining infrastructure to support mining operations. The Tuckabianna plant receives underground ore from the Big Bell underground mine, with supplementary feed provided by lower grade surface stockpiles. Following the completion of ramp up and commencement of steady state production in April 2022, Big Bell has consistently delivered design levels, producing 1.1Mt of ore at 2.1g/t in FY24. The Cue hub includes a number of advanced development projects and drill-ready exploration targets with the potential to underwrite sustained growth in gold production at the operations, including: – Big Bell Deeps - high grade sublevel open stopes located below the existing sublevel cave; – Great Fingall and Golden Crown – development commenced in November 2023; – Fender Mine – a shallow underground mine beneath Westgold’s Fender open pit, which commenced mining in October 2023; – Causton’s – on the Tuckabianna trend, close to the mill and with high potential for underground mining; – Additional shallow targets on the Big Bell line of lode beneath the 700, 1600 and the Shocker pits; and – Open pit and underground targets within the Cuddingwarra Mining centre.

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