23 Westgold Resources Limited Annual Report 2024 SUSTAINABLE, SENSIBLE The financial strength of Westgold’s diverse mining operations allows it to invest in Environmental, Social and Governance outcomes that also make good financial sense – in line with the Company’s clear commitment to delivering value for shareholders. In FY24 Westgold achieved a major milestone in its decarbonisation strategy, and in particular, its practical action in response to climate change, with the successful completion and commissioning of the Company’s fourth hybrid (solar/gas/ diesel) power station. To date, Westgold has successfully commissioned a combined 82MW of hybrid power facilities, demonstrating its commitment to sustainability and cost reduction. This infrastructure, combining gas, solar and battery power, is set to deliver significant environmental and financial benefits. The new hybrid power solution is expected to decrease diesel consumption by 38 million litres per annum, resulting in a significant reduction of carbon emissions by 56%. The transition to hybrid power is projected to deliver approximately $60/oz in All-In Sustaining Costs (AISC) savings, bolstering the Company’s financial performance and enhancing shareholder value. This cost reduction is attributed to the reduced reliance on diesel. Westgold remains committed to the evolution of its operations – implementing change for the betterment of its people and the planet.
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