Westgold Resources Online Annual Report 2024

FINANCIAL REPORT NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS for the year ended 30 June 2024 84 Westgold Resources Limited Annual Report 2024 12. INVENTORIES (current) 2024 2023 Ore stocks at net realisable value 7,943,252 25,577,725 Gold in circuit at cost 11,932,566 16,293,902 Gold metal at cost 11,713,492 3,901,481 Stores and spares at cost 47,089,461 44,459,486 Provision for obsolete stores and spares (7,078,648) (7,493,121) Total inventories at lower of cost and net realisable value 71,600,123 82,739,473 During the year there were $370,367 write-downs in inventories (2023: $nil) for the Group. This is included in cost of sales refer to Note 7(a). 13. PREPAYMENTS (current) 2024 2023 Prepayments 8,479,999 6,449,836 8,479,999 6,449,836 Prepayments include insurances, software licenses and subscriptions. 14. OTHER FINANCIAL ASSETS (current) 2024 2023 Cash on deposit 1,649,443 4,149,443 1,649,443 4,149,443 The cash on deposit is interest bearing and is used as security for bank guarantees. 15. FINANCIAL ASSETS 2024 2023 Listed shares 8,010,952 8,157,712 8,010,952 8,157,712 MOVEMENT IN LISTED SHARES At 1 July 8,157,712 6,799,309 Additions of listed shares 6,008,214 1,955,248 Proceeds on disposal of financial assets (8,632,232) (476,062) Fair value gain/(loss) on remeasurement of financial assets 2,477,258 (120,783) At 30 June 8,010,952 8,157,712

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