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WEST AFRICA’S GROWING MID TIER PRODUCER TARGETING +500,000 oz pa GOLD PRODUCTION FROM 2027 DIGGERS AND DEALERS - 4 AUGUST 2026
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2 . DISCLAIMER The following notice and disclaimer apply to this presentation (Presentation) and you are advised to read this carefully before reading or making any other use of this Presentation or any information contained in this Presentation. This Presentation is dated 4 August 2026 and has been prepared by West African Resources Limited ABN 70 121 539 375 (WAF or the Company). The Company together with its subsidiaries are referred to in this Presentation as West African or the Group. The Company and its subsidiaries and each of their respective directors, agents, officers, employees and advisers expressly disclaim, to the maximum extent permitted by law, all liabilities (however caused, including negligence) in respect of, and make no representations or warranties regarding this Presentation or any part thereof. In particular, this Presentation does not constitute, and shall not be relied upon as, a promise, representation, warranty or guarantee as to the past, present or the future performance of any member of the Group. SUMMARY INFORMATION This Presentation is a summary only, containing summary information about West African and remains subject to change without notice. The information in this Presentation is general in nature and does not purport to be accurate nor complete, nor does it contain: all of the information that an investor may require in evaluating a possible investment in WAF; or all the information which would be required in a disclosure document or prospectus prepared in accordance with the requirements of the Corporations Act 2001 (Cth). This Presentation has been prepared by WAF with due care but no representation or warranty, express or implied, is made in relation to the accuracy, reliability, fairness or completeness of the statements, information, opinions or conclusions in this Presentation. The information set out in this Presentation is current as at the date of the Presentation (unless otherwise indicated). WAF has no obligation to finalise, correct or update the content of this Presentation except as required by law and WAF does not undertake to update this Presentation. Certain data used in this Presentation may have been obtained from research, surveys or studies conducted by third parties, including industry or general publications. This Presentation should be read in conjunction with WAF’s other periodic and continuous disclosure announcements lodged with the ASX, which are available at www2.asx.com.au or at https://www.westafricanresources.com/investor-centre/announcements/. NOT AN OFFER Neither this Presentation nor any of its contents will form the basis of any understanding, proposal, offer, invitation, contract or commitment. This Presentation does not constitute or contain an offer, invitation, solicitation or recommendation to subscribe for, acquire or sell any securities in WAF or any other financial products or securities, in any place or jurisdiction. This document is not a prospectus, product disclosure statement or other offering document under Australian law or any other law, and it will not be lodged with the Australian Securities and Investments Commission. NOT FINANCIAL PRODUCT ADVICE This Presentation, and the information provided in it, does not constitute, and is not intended to constitute, financial product or investment advice, financial, legal, tax, accounting or other advice, or a recommendation to acquire any securities of WAF. It has been prepared without taking into account the objectives, financial or tax situation or particular needs of any individual. Before making an investment decision, prospective investors should consider the appropriateness of the information having regard to their own objectives, financial and tax situation and needs and seek professional advice from their legal, financial, taxation or other independent adviser (having regard to the requirements of all relevant jurisdictions). WAF is not licensed to provide financial product advice in respect of an investment in shares. FINANCIAL DATA All dollar values in this Presentation are in either Australian Dollars (A$) or United States Dollars (US$) as indicated. PAST PERFORMANCE Past performance metrics and figures (including past share price performance of WAF), as well as pro forma financial information, included in this Presentation are given for illustrative purposes only and should not be relied upon as (and are not) an indication of the views of the Company or any of its directors, agents, officers, employees or advisers on WAF’s future financial performance or condition or prospects. Investors should note that past performance of WAF, including in relation to the historical trading price of WAF securities, production, mineral resources and ore reserves, costs and other historical financial information cannot be relied upon as an indicator of (and provides no guidance, assurance or guarantee as to) future WAF performance. The historical information included in this Presentation is, or is based on, information that has previously been released to the market. NON IFRS FINANCIAL MEASURES The Company has included certain non-IFRS financial measures in this Presentation, including adjusted cash costs, site sustaining costs (SSC) and all-in sustaining costs (AISC) per ounce of gold produced. These non-IFRS financial measures do not have any standardised meaning. Accordingly, these financial measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with International Financial Reporting Standards (IFRS). Operating cash costs, site sustaining costs and all-in-sustaining cash costs are a common financial performance measure in the mining industry but have no standard definition under IFRS. Operating cash costs are reflective of the cost of production. AISC include operating cash costs, net-smelter royalty, corporate costs, sustaining capital expenditure, sustaining exploration expenditure and capitalised stripping costs. SSC are similar to AISC but do not include corporate costs. EBITDA also has no standard definition under IFRS. The Company calculates EBITDA as net profit or loss for the period excluding finance costs, income tax expense and depreciation. EBITDA excludes the impact of cash costs of financing activities and taxes and the effects of changes in working capital balances and therefore is not necessarily indicative of operating profit or cash flow from operations as determined under IFRS. Other companies may calculate these measures differently. FORWARD LOOKING STATEMENTS This Presentation contains “forward-looking information” including information relating to WAF's future financial or operating performance. All statements in this presentation, other than statements of historical fact, that address events or developments that WAF expects to occur, are “forward-looking statements”. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “does not expect”, “targets”, “plans”, “anticipates”, “does not anticipate”, “believes”, “intends”, “estimates”, “projects”, “potential”, “scheduled”, “forecast”, “budget” and similar expressions, or that events or conditions “will”, “would”, “may”, “could”, “should” or “might” occur. All such forward-looking statements are based on the opinions and estimates of the relevant management as of the date such statements are made and are subject to important risk factors and uncertainties, many of which are beyond WAF’s ability to control or predict. Forward -looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. IMPORTANT NOTICE
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3 IMPORTANT NOTICE FORWARD LOOKING STATEMENTS continued In the case of WAF, these facts include, in particular operating cashflows, net profit after tax (NPAT) and future production estimates which are based on assumptions including, but not limited to: meeting production estimates; mineral resource and ore reserve estimates not having to be re-estimated; no unexpected costs arising; the availability of future funding for the development of projects; and no adverse circumstances from risks and uncertainties eventuating. This information relates to analyses and other information that is based on expectations of future performance and planned work programs. Statements concerning mineral resource and ore reserve estimates and future production may also be deemed to constitute forward-looking information. Other forward-looking information includes: estimates of internal rates of return; net present value; future production; estimates of cash cost; assumed long term price for gold; proposed mining plans and methods; mine life estimates; cashflow forecasts; metal recoveries; and estimates of capital and operating costs. Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation, risks and uncertainties related to: exploration hazards; exploration and development of natural resource properties; uncertainty in ability to obtain funding; the adequacy of infrastructure; gold price fluctuations; market events and conditions; the uncertainty of mineral resource calculations and the inclusion of inferred mineral resources in economic estimation; unforeseen changes in geological characteristics; metallurgical characteristics of mineralisation, costs of consumables and mining and processing equipment; unforeseen technological and engineering problems; the business being subject to laws and regulations (including in relation to the environment) and their interpretation which may be subject to change; the availability and productivity of skilled labour; the regulation of the mining industry by various governmental agencies; in country risks and political factors; results of drilling; metallurgical testing and other studies; proposed mining operations, including dilution; the evaluation of mine plans subsequent to the date of any estimates; obtaining required permits, approvals and licences and the possible failure to receive or changes in any of them; the mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; competition from larger companies with greater financial and technical resources; the inability to meet financial obligations under agreements to which it is a party; ability to recruit and retain qualified personnel; and directors and officers becoming associated with other natural resource companies which may give rise to conflicts of interests. This list is not exhaustive of the factors that may affect WAF’s forward-looking information. Should one or more of these risks or uncertainties materialise, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information. WAF’s forward-looking information is based on the reasonable beliefs, expectations and opinions of the relevant management on the date the statements are made and WAF does not assume any obligation to update forward looking information if circumstances or management’s beliefs, expectations or opinions change, except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking information. For additional information, please refer to WAF’s financial statements and other filings all of which are filed on the ASX at www.asx.com.au and the Company's website www.westafricanresources.com. MINERAL RESOURCES, ORE RESERVES AND PRODUCTION TARGETS The Company’s estimate of Mineral Resources and Ore Reserves and the production target for the Group are set out in the announcement titled “WAF 10-year gold production to average 533,000 oz per annum” released 31 March 2026. The Company confirms it is not aware of any new information or data that materially affects the information included in that announcement and that all material assumptions and technical parameters underpinning the estimates of Mineral Resources and Ore Reserves for the Group and all the material assumptions underpinning the production target and forecast financial information derived from it continue to apply and have not materially changed. Rounding is applied for all Mineral Resources and Ore Reserves figures in this Presentation. EXPLORATION RESULTS The exploration results referred to in this Presentation were reported in the announcements titled “WAF 10-year gold production to average 533,000 oz per annum” released 31 March 2026 and “WAF hits 27m at 6.7 g/t gold 200 m below M5 South underground reserve” released 14 July 2026. The Company confirms it is not aware of any new information or data that materially affects the information included in those announcements. JORC CODE It is a requirement of the ASX Listing Rules that the reporting of Ore Reserves and Mineral Resources in Australia comply with the JORC Code. Investors outside Australia should note that while the Company’s estimates of Ore Reserves and Mineral Resources in this Presentation comply with the JORC Code (such JORC Code-compliant Ore Reserves and Mineral Resources being referred to as Ore Reserves and Mineral Resources respectively), they may not comply with the relevant guidelines in other countries and, in particular, do not comply with: (i) NI 43-101; or (ii) Item 1300 of Regulation S-K, which governs disclosures of mineral reserves in registration statements filed with the SEC. Information contained in this Presentation describing mineral deposits may not be comparable to similar information made public by companies subject to the reporting and disclosure requirements of Canadian or US securities laws.
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4 WEST AFRICA’S GROWING MID- TIER GOLD PRODUCER 100% UNHEDGED MINERAL RESOURCES AND ORE RESERVES 2026 Guidance Mineral Resources Ore Reserves 10 Year Production Target Exploration Permits Market Capitalisation 430 - 490 koz 13.7 Moz 7 Moz 5.3 Moz +1,100 km² A$3,363m* 100% Unhedged 82% Ore Reserves A$1,123m in cash and bullion** There is a low level of geological confidence associated with Inferred Mineral Resources, and there is no certainty that further exploration work will result in the determination of Indicated Mineral Resources or that the production target itself will be realised. 4 *Total Ordinary Shares on Issue of 1,143,753,008 @ A$2.94 as at 27 July 2026. **As at 30 June 2026 Refer ASX announcements titled “WAF 2026 Production Guidance” released 31 March 2026 and “WAF 10-year gold production to average 533,000 oz per annum” released 31 March 2026. .
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5 WEST AFRICAN RESOURCES LTD BOARD AND MANAGEMENT Robin Romero Non-Executive Director Lyndon Hopkins Executive Director and Chief Operating Officer Jayde Webb Non-Executive Director Libby Mounsey Executive Director of Human Resources Stewart Findlay Non-Executive Director Rod Leonard Independent Lead Director Richard Hyde Founder, CEO and Executive Chairman Mirey Lopez General Manager Sustainability Todd Giltay General Manager Finance Bruce Morton General Manager Risk Chris Lusty General Manager Technical Services Padraig O’Donoghue Chief Financial Officer and Company Secretary Annie Atkins Legal Counsel and Joint Company Secretary Luke Holden Vice President Group Operations Oumar Barro Country Manager Seydi Nabbe Vice President Group Supply Chain
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6 WAF PROJECT LOCATIONS
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7 WEST AFRICAN RESOURCES LTD SETTING THE PACE FOR MID- TIER PRODUCERS Group production guidance: 430,000 - 490,000oz gold Group AISC guidance: under US$1,900/oz gold YTD Production 232,905oz at AISC US$1,823/oz gold Drilling >100,000m across Sanbrado and Kiaka targeting depth extensions and near-surface anomalies to further increase gold resources and extend mine lives Reviewing capital management options Q3 2026 Refer to ASX announcement titled “WAF 2026 Production Guidance” released 31 March 2026.
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8 Refer to ASX announcement titled “WAF 10-year gold production to average 533,000 oz per annum” released 31 March 2026. There is a low level of geological confidence associated with Inferred Mineral Resources, and there is no certainty that further exploration work will result in the determination of Indicated Mineral Resources or that the production target itself will be realised. WEST AFRICAN RESOURCES LTD GROUP 10 -YEAR PRODUCTION TARGET Mineral Resources increased to 13.7 Moz gold Ore Reserves increased to 7 Moz gold Production target: ‒ 533,000 oz pa average 2026 – 2035 ‒ 596,000 oz pa peak in 2030 10-year production target based on 82% Ore Reserves, 3% Indicated Mineral Resources and 15% Inferred Mineral Resources at gold price of US$2000/oz (open pit and underground) +100,000m exploration drilling planned for 2026, including: ‒ 21,000m underground drilling at M5 to convert inferred resources in the 10-year mine plan ‒ 11,000m surface drilling at M5 North targeting additional resource and reserve growth ‒ 13,500m drilling at Toega convertingthe inferred resource and extending resource at depth ‒ 7,500m drilling at Kiaka testing cut-back or underground potential ‒ 7,000m drilling at MV3 deposit to assess underground potential 0 100,000 200,000 300,000 400,000 500,000 600,000 700,000 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Recovered Gold Ounces Kiaka Sanbrado
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9 WEST AFRICAN RESOURCES LTD KIAKA GOLD PRODUCTION CENTRE
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10 KIAKA GOLD PRODUCTION CENTRE KEY PROJECT METRICS There is a low level of geological confidence associated with Inferred Mineral Resources, and there is no certainty that further exploration work will result in the determination of Indicated Mineral Resources or that the production target itself will be realised... Refer ASX announcements titled “WAF 10-year gold production to average 533,000 oz per annum” released 31 March 2026 and “Production update – March 2026 Quarter” released 9 April 2026. * The Burkina Faso Government has published a decree authorising acquisition of an additional 25% shareholding in Kiaka SA, refer ASX announcement titled “Burkina Government decree to acquire 25% of Kiaka for $175m” released 21 April 2026. ** Assuming a gold price of US$4,100/oz. Government royalty rate is an uncapped sliding scale from 3% based on US$/oz gold price. Location South-central Burkina Faso, West Africa Ownership WAF 85%; Burkina Faso government 15%* Type Open-pit low strip ratio 1.4 : 1 LOM Resources 391 Mt at 0.7 g/t for 9.2 Moz gold (US$3000) Reserves 177 Mt at 0.8 g/t for 4.7 Moz gold (US$2000) Mine life 16 years Processing Conventional 10 Mtpa CIL + gravity, increasing to 12 Mtpa in 2028 Recovery LOM 92% First production June 2025 2026 H1 Production 133,274 oz 10 Year Production 2026 to 2035 average 277,000 oz per annum Workforce 95% Burkinabe including 30% from local region Tax 27.5% Gov. participation 15% equity, 10% royalty*+ 1% community fund
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11 NEAR MINE GROWTH KIAKA EXPANSION POTENTIAL Refer to ASX announcement titled “WAF 10-year gold production to average 533,000 oz per annum” released 31 March 2026.
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12 WEST AFRICAN RESOURCES LTD SANBRADO GOLD PRODUCTION CENTRE
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13 SANBRADO GOLD OPERATIONS KEY PROJECT METRICS Location South-central Burkina Faso, West Africa Ownership WAF 85%; Burkina Faso government 15% Type Open-pit and underground mining Resources 67 Mt at 2.0 g/t for 4.4 Moz gold (US$3,000) Reserves 37 Mt at 1.9 g/t for 2.3 Moz gold (US$2,000) Mine life +11 years Processing Conventional 3.2 Mtpa CIL + gravity Recovery LOM 92% First production March 2020 2026 H1 Production 99,631 oz 10 Year Production 2026 to 2035 average 256,000 oz per annum Workforce 95% Burkinabe including 55% from local region Tax 27.5% Gov. participation 15% equity, 10% royalty*+ 1% community fund There is a low level of geological confidence associated with Inferred Mineral Resources, and there is no certainty that further exploration work will result in the determination of Indicated Mineral Resources or that the production target itself will be realised.. Refer to ASX announcement titled “WAF 10-year gold production to average 533,000 oz per annum” released 31 March 2026. Figures above include Sanbrado, Toega and MV3. * Assuming a gold price of US$4,100/oz. Government royalty rate is an uncapped sliding scale from 3% based on US$/oz gold price.
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14 Over +60,000m of surface and underground drilling in progress with potential to deliver significant resource and reserve growth Mineralisation at M1 South and M5 remains open at depth supporting potential to lift annual production and extend mine life at Sanbrado Drilling is ongoing at the M5 South Underground, with recent results extending mineralisation by approximately 400m below the current resource Surface drilling to date at M5 North has resulted in an increase in open pit reserves with a cutback included in the 10-year mine plan and additional drilling planned targeting further resource and reserve growth M1 North drill program completed, cutback potential confirmed NEAR MINE GROWTH SANBRADO EXPANSION POTENTIAL Refer to ASX announcement titled “WAF 10-year gold production to average 533,000 oz per annum” released 31 March 2026.
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15 NEAR MINE GROWTH M5 RECENT RESULTS Thick zones of high-grade mineralisation confirmed beneath the current Ore Reserves at M5 South underground. Infill drilling for the updated M5 open pit Ore Reserve complete, now targeting resource and reserve growth potential. Refer to ASX announcement titled “WAF hits 27m at 6.7 g/t gold 200m below M5 South underground reserve ” released 14 July 2026
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16 Équipe WAF 3,653 total workforce across all Burkina Faso operations 2,491 WAF group employees, >95% Burkinabe 54 internships supporting future talent Scholarship Scheme 2026 First cohort of SOMISA scholarship recipients graduated, one recipient now employed full-time at Sanbrado SOMISA / Toega Program expanded (4 scholarships awarded) Kiaka Program launched (4 scholarships awarded) Training >32,000 training hours delivered, covering induction, leadership development, and competency-based training Exploration and Drilling team developing a government-recognised drilling accreditation program, combining formal training with recognition of existing skills OUR PEOPLE BUILDING A STRONG LOCAL WORKFORCE Note: Workforce and employee statistics are as at 30 June 2026 and internship and training information are as at 30 July 2026.
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17 PROTECTING OUR WORKFORCE HEALTH, SAFETY AND SECURITY OHSMS key aspects WAF TRIFR: 1.26 vs Western Australian Gold Industry IFR: 5.7* Vigorous critical risk management program of assurance safeguarding each work front External ISO 45001 annual audits Sanbrado and Kiaka operations each have: ‒ Dedicated OHS teams ‒ Dedicated ERT teams ‒ Fully operational medical centres Providing for the protection of people and assets Multi-layered strategy aligning company security, community relations and government Comprehensive Occupational Health and Safety Management System (OHSMS) based on ISO 45001 standards * Refer to the publication: Department of Local Government, Industry Regulation and Safety, Quarterly Performance Snapshot for the Western Australian minerals sector for three-month period 1 January – 31 March 2025 issued March 2026.
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18 INVESTING IN OUR COMMON FUTURE DRIVING SUSTAINABLE GROWTH AND SUPPORTING SHARED VALUE Contributions since mining operations began in 2020 US$771 million contributed directly to Burkina Faso in taxes and royalties US$16 million invested in community projects and donations US$42 million contributed to local development mining fund - 1% of revenue US$6 million contributed to mine rehabilitation and closure fund
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19 ESG BUILDING LASTING VALUE Education & Training Building and refurbishing schools, with solar power and learning resources IT access in high schools and vocational training for local youth Scholarship Programs expanded to support more students in 2026 Livelihoods & Local Economic Development Livelihood Restoration Programs supporting agriculture, livestock and small business development Farmer training, irrigation management and food security initiatives Targeted support for vulnerable households and women’s cooperatives
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20 ESG BUILDING LASTING VALUE Improving health status of the local communities Reducing child malnutrition through school lunch programs Construction and refurbishment of local health centres Malaria awareness campaigns and mosquito net distribution Environmental Stewardship >80,000 trees planted through community and site programs Seed collection from locally valued or medicinal plant species to ensure future production Diversion of non-mineral waste from disposal A$538,000 generated for community initiatives through local recycling partnerships
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21 21 TEAM • Quality team aligned with shareholders • 5 years of meeting or beating production guidance GOLD EXPOSURE • 7 Moz unhedged gold reserves • 13.7 Moz unhedged gold resources ESG • Building community partnerships by creating jobs, supporting local businesses and investing in community projects • Environmental and social programs aligned with international standards GROWTH • Strong cashflow from unhedged gold production • +1,100km2 of permits covering prospective greenstone belts • +100,000m of exploration drilling planned in 2026 • WAF aiming to be a sustainable +500koz producer by 2027 Refer to ASX announcement titled “WAF 10-year gold production to average 533,000 oz per annum” released 31 March 2026. WEST AFRICAN RESOURCES LTD SETTING THE PACE FOR MID- TIER PRODUCERS
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WEST AFRICAN RESOURCES LTD WEST AFRICA’S GROWING MID -TIER GOLD PRODUCER www.westafricanresources.com ASX: WAF
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23 WEST AFRICAN RESOURCES LTD CAPITAL STRUCTURE Total Ordinary Shares on Issue 1,143,753,008 Performance rights on issue 8,191,508 Top 20 Shareholders1 59% Cash at 30 June 2026 US$606m Gold at 30 June 2026 US$171m Kiaka debt facilities (Q2 2026 balance) US$220m Market Capitalisation (at A$2.94/share) A$3,363m ASX: WAF 1. Share holdings as at 30 June 2026 2. Further information at www.westafricanresources.com/investor-centre 3. For 95% of investors Argonaut Patrick Streeter Barrenjoey Richard Knights Canaccord Paul Howard Cormark Richard Gray Euroz Hartleys Mike Millikan Macquarie Regan Burrows Analyst Coverage2 INVESTOR BY GEOGRAPHIC LOCATION1,3 INVESTOR BY TYPE1 3.6% 18.5% 26.7% 51.3% Asia North America Europe Australia & NZ VanEck Global 1.8% L1 Capital 8.9% Insiders & Management 1.7% Institutional 72.9% Retail 14.8%
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24 Resources by deposit as at 31 December 2025. Tonnes, grade and contained metal have been rounded to reflect the accuracy of the estimates. Rounding errors may occur. MINERAL RESOURCES Cutoff Measured Resource Indicated Resource Inferred Resource Total Resource Tonnes Grade Containe d Au Tonnes Grade Containe d Au Tonnes Grade Contain ed Au Tonnes Grade Containe d Au g/t (000) t g/t (000) oz (000) t g/t (000) oz (000) t g/t (000) oz (000) t g/t (000) oz MV3 0.4 - - - 2,310 2.2 160 2,500 1.7 140 4,810 1.9 300 M1 North Open Pit 0.4 - - - 550 2.7 50 160 1.7 10 710 2.6 60 M1 South Underground 1.0 1,490 11.1 530 2,500 7.3 590 1,120 5.5 200 5,110 8.0 1,320 M5 Open Pit 0.4 2,620 1.0 80 21,660 0.9 650 6,880 0.9 190 31,160 0.9 920 M5 Underground 0.9 - - - 2,460 3.4 270 3,240 3.1 330 5,700 3.3 600 Toega Underground 1.3 - - - 1,700 3.2 170 3,300 3.7 390 5,000 3.5 560 Toega - Open Pit 0.4 220 0.8 10 10,980 1.7 590 - - - 11,200 1.7 600 ROM Stockpile - Sanbrado 0.4 3,650 0.6 70 - - - - - - 3,650 0.6 70 Kiaka 0.3 10,860 0.7 260 242,830 0.8 5,980 134,760 0.7 2,960 388,450 0.7 9,200 ROM Stockpile - Kiaka 0.4 2,630 0.5 40 - - - - - - 2,630 0.5 40 Total 21,500 1.4 990 285,000 0.9 8,450 152,000 0.9 4,220 458,500 0.9 13,700 Refer to ASX announcement titled “WAF 10-year gold production to average 533,000 oz per annum” released 31 March 2026.
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25 ORE RESERVES Reserves by deposit as at 31 December 2025. Figures in the table have been rounded. Rounding errors may occur. Proved Probable Proved + Probable Tonnes Grade Contained Au Tonnes Grade Contained Au Tonnes Grade Contained Au (000) t g/t (000) oz (000) t g/t (000) oz (000) t g/t (000) oz M1 South UG 2,130 6.3 430 2,990 5.4 520 5,120 5.8 950 M5 South UG 0 0.0 0 2,550 2.8 230 2,550 2.8 230 M5 Open Pit 2,010 0.9 60 13,110 0.9 400 15,120 0.9 460 Toega 190 0.9 10 10,240 1.8 570 10,430 1.7 580 ROM Stockpile - Sanbrado 3,650 0.6 70 0 0.0 0 3,650 0.6 70 M1 North 0 0.0 0 330 3.1 30 330 3.1 30 Kiaka 11,780 0.70 260 162,820 0.8 4,360 174,600 0.8 4,620 ROM Stockpile - Kiaka 2,690 0.52 40 0 0.0 0 2,690 0.5 40 Total 22,450 1.2 870 192,040 1.0 6,120 214,490 1.0 6,990 Refer to ASX announcement titled “WAF 10-year gold production to average 533,000 oz per annum” released 31 March 2026.