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Corporate Update Growing Inventory; Expanding Capacity; Returning Capital ASX | TSX : WGX westgold.com.au
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Important Notices and Disclaimer Investor Presentation This investor presentation is dated 28 August 2026 and has been prepared by Westgold Resources Limited (ASX: WGX, TSX:WGX) (Westgold) based on information available to it at the time of preparing this presentation. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of Westgold, its directors, employees or agents, advisers, nor any other person, accepts any liability, including, without limitation, any liability arising from fault or negligence on the part of any of them or any other person, for any loss arising from the use of this presentation or its contents or otherwise arising in connection with it. Financial values are reported in A$ unless otherwise specified. Not an Offer This presentation is not an offer, invitation, solicitation or other recommendation with respect to the subscription for, purchase or sale of any security, and neither this presentation nor anything in it shall form the basis of any contract or commitment whatsoever. This presentation has been prepared for publication in Australia and may not be released to US wire services or distributed in the United States. This presentation does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities described in this presentation have not been, and will not be, registered under the US Securities Act of 1933 and may not be offered or sold in the United States except in transactions registered under the US Securities Act or exempt from, or not subject to, the registration of the US Securities Act and applicable US state securities laws. Summary Information By reviewing or retaining these materials, or attending or participating in this presentation, you acknowledge and represent that you have read, understood and accepted the terms of this “Important Notices and Disclaimer”. This presentation contains summary information about Westgold and its activities current only at the date of this presentation. This presentation is for information purposes only. The information in the presentation is of a general nature only and does not purport to be complete. This presentation should be read in conjunction with Westgold’s periodic and continuous disclosure announcements lodged with the Australian Securities Exchange (ASX), which are available at www.asx.com.au and on Westgold's website at www.westgold.com.au, and in Canada under Westgold's profile on SEDAR+ at www.sedarplus.ca. Certain information in this presentation may have been obtained from research, surveys or studies conducted by third parties, including industry or general publications. Neither Westgold nor its representatives have independently verified any such information sourced from third parties or industry or general publications. Not Investment Advice This presentation does not constitute in any way an offer or invitation to subscribe for securities in Westgold pursuant to the Corporations Act 2001 (Cth). This presentation does not constitute investment advice and has been prepared by Westgold without taking into account the recipient’s investment objectives, financial circumstances or particular needs. Each recipient must make his/her own independent assessment and investigation of Westgold and its business and assets when deciding if an investment is appropriate and should not rely on any statement or the adequacy and accuracy of any information. This presentation is in summary form and does not purpose to be exhaustive. Westgold makes no representation or warranty (either expressed or implied) as to the accuracy, reliability or completeness of the information in this presentation. Westgold and its respective directors, employees, agents and consultants shall have no liability (including liability to any person by reason of negligence or negligent misstatement) for any statements, opinions, information or matters (express or implied) arising out of, contained in or derived from, or for any omissions from the presentation, except liability under statute that cannot be excluded. Forward-looking Statements This document contains “forward-looking information” and “forward-looking statements” which are based on the assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of Westgold believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as ‘ e x p e c t s ’, ‘anticipates’ , ‘ p l a n s ’, ‘believes’ , ‘estimates’ , ‘ s e e k s ’, ‘intends’ , ‘targets’ , ‘projects’ , ‘forecasts’ , or negative versions thereof and other similar expressions, or future or conditional verbs such as ‘ m a y ’, ‘ w i l l ’, ‘should’ , ‘would’ and ‘could’. Although management believes that the assumptions made by Westgold and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Forward-looking information involves known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of Westgold to be materially different from any anticipated future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, the actual market price of gold, the actual results of current exploration, the actual results of future exploration, changes in project parameters as plans continue to be evaluated, changes in laws, regulations and practices, the geopolitical, economic, permitting and legal climate that Westgold operates in, as well as those factors disclosed in Westgold's publicly filed documents. Westgold believes that the assumptions and expectations reflected in the forward-looking information are reasonable. Readers should not place undue reliance on forward-looking information. Westgold does not undertake to update any forward-looking information, except in accordance with applicable securities laws. Historical Information Information about the past performance of Westgold contained in this presentation is given for illustrative purposes only and cannot be relied upon as an indicator of (and provides no guidance as to) future performance, including future share price performance of Westgold. Any such historical information is not represented as being, and is not, indicative of Westgold’s view on its future financial condition and/or performance, nor the future financial condition and/or performance of the merged group. Pro-forma financial information Investors should be aware that this presentation contains pro-forma financial information and certain other financial information and measures that are “non IFRS financial information” under Regulatory Guide 230: ‘Disclosing non IFRS financial information’ published by ASIC and are not recognised under Australian Accounting Standards (AAS) and International Financial Reporting Standards (IFRS). The non IFRS financial information financial measures do not have a standardised meaning prescribed by the applicable AAS or IFRS, and therefore, may not be comparable to similarly titled measures presented by other entities, nor should they be construed as an alternative to other financial measures determined in accordance with the applicable AAS or IFRS. Although Westgold believes the non-IFRS financial information and financial measures provide useful information to users in measuring the financial performance and condition of Westgold, investors are cautioned not to place undue reliance on any non-IFRS financial information or financial measures included in this presentation. This presentation contains pro forma financial information of Westgold. The pro forma financial information provided in this presentation is for illustrative purposes only and is not represented as being indicative of Westgold’s (or anyone else's) views on Westgold’s future financial position and/or performance. 2
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3 Important Notices and Disclaimer Ore Reserves and Mineral Resources The information in this presentation that relates to the Ore Reserves and Mineral Resources of Westgold has been extracted from the ASX announcement titled “2026 Mineral Resource Estimate and Ore Reserves" released to the ASX on 20 August 2026 and available at www.asx.com.au. Westgold confirms that 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 in that announcement continue to apply and have not materially changed. Westgold confirms that the form and context in which the Competent Persons findings are presented have not been materially modified from that announcement. The information in this presentation that relates to Westgold’s Exploration results and Mineral Resource Estimates is compiled by Westgold technical employees and contractors under the supervision of Mr. Jake Russell B.Sc. (Hons), who is a member of the Australian Institute of Geoscientists and who has verified, reviewed and approved such information. Mr Russell is a full- time employee of Westgold and has sufficient experience which is relevant to the styles of mineralisation and types of deposit under consideration and to the activities which he is undertaking to qualify as a Competent Person as defined in the Joint Ore Reserves Committee’s 2012 Australasian Code for Reporting of Mineral Resources and Ore Reserves (JORC Code) and as a Qualified Person as defined in the CIM Guidelines and National Instrument 43-101 - Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators (NI 43-101). Mr. Russell is a full-time employee as General Manager – Technical Services of Westgold and, accordingly, is not independent for purposes of NI 43-101. Mr Russell consents to and approves of the inclusion in this presentation of the matters based on his information in the form and context in which it appears. Mr Russell is eligible to participate in short and long-term incentive plans of Westgold. The information in this presentation that relates to Westgold’s Ore Reserve is based on information compiled by Mr. Leigh Devlin B.Eng. FAusIMM and who has verified, reviewed and approved such information. Mr. Devlin has sufficient experience which is relevant to the styles of mineralisation and types of deposit under consideration and to the activities which they are undertaking to qualify as a Competent Person as defined in the JORC Code and as a Qualified Person as defined in the CIM Guidelines and NI 43-101. Mr. Devlin is full-time senior executive of Westgold and, accordingly, is not independent for purposes of NI 43-101. Mr. Devlin consents to and approves of the inclusion in this presentation of the matters based on his information in the form and context in which it appears. Mr. Devlin is a full-time senior executive of Westgold and is eligible to and may participate in short-term and long-term incentive plans of Westgold as disclosed in its annual reports and disclosure documents. Mineral Resources, Ore Reserve Estimates and Exploration Targets and Results are calculated in accordance with the JORC Code. Investors outside Australia should note that while Ore Reserve and Mineral Resource estimates of the Company in this announcement comply with the JORC Code (such JORC Code-compliant Ore Reserves and Mineral Resources being "Ore Reserves" and "Mineral Resources" respectively), they may not comply with the relevant guidelines in other countries. The JORC Code is an acceptable foreign code under NI 43-101. 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 US securities laws, including Item 1300 of Regulation S-K. All technical and scientific information in this presentation has been prepared in accordance with the Canadian regulatory requirements set out in NI 43-101 and has been reviewed on behalf of the Company by Qualified Persons, as set forth above. This presentation contains references to estimates of Mineral Resources and Ore Reserves. The estimation of Mineral Resources is inherently uncertain and involves subjective judgments about many relevant factors. Mineral Resources that are not Ore Reserves do not have demonstrated economic viability. The accuracy of any such estimates is a function of the quantity and quality of available data, and of the assumptions made and judgments used in engineering and geological interpretation, which may prove to be unreliable and depend, to a certain extent, upon the analysis of drilling results and statistical inferences that may ultimately prove to be inaccurate. Mineral Resource estimates may require re-estimation based on, among other things: (i) fluctuations in the price of gold; (ii) results of drilling; (iii) results of metallurgical testing, process and other studies; (iv) changes to proposed mine plans; (v) the evaluation of mine plans subsequent to the date of any estimates; and (vi) the possible failure to receive required permits, approvals and licenses. Investment Risk As noted above, an investment in shares in Westgold is subject to investment and other known and unknown risks, some of which are beyond the control of Westgold. Westgold does not guarantee any particular rate of return or the performance of Westgold, nor does it guarantee the repayment of capital from Westgold or any particular tax treatment. Prospective investors should have regard to the risks outlined in this presentation when making their investment decision and should make their own enquires and investigations regarding all information in this presentation, including but not limited to the assumptions, uncertainties and contingencies which may affect future operations of Westgold and the impact that different future outcomes may have on Westgold. These risks, together with other general risks applicable to all investments in listed securities not specifically referred to, may affect the value of shares in Westgold in the future. There is no guarantee that the Westgold shares will make a return on the capital invested, that dividends will be paid on the Westgold shares or that there will be an increase in the value of the Westgold shares in the future. Accordingly, an investment in Westgold should be considered highly speculative and potential investors should consult their professional advisers before deciding whether to subscribe for Westgold shares. Effect of Rounding A number of figures, amounts, percentages, estimates and calculations of value in this presentation are subject to the effect of rounding. The actual calculation of these figures may differ from the figures set out in this presentation. Disclaimer Neither Westgold nor any of its advisers, affiliates, related bodies corporate, directors, officers, partners, employees or agents, have authorised, permitted or caused the issue, submission, dispatch or provision of this presentation and, except to the extent referred to in this presentation, none of them makes or purports to make any statement in this presentation and there is no statement in this presentation which is based on any statement by any of them. To the maximum extent permitted by law, Westgold and its advisers, affiliates, related bodies corporate, directors, officers, partners, employees or agents exclude and disclaim all liability, for any expenses, losses, damages or costs incurred by you and the information in this presentation being inaccurate or incomplete in any way for any reason, whether by negligence or otherwise. To the maximum extent permitted by law, Westgold and its advisers, affiliates, related bodies corporate, directors, officers, partners, employees or agents make no representation or warranty, express or implied, as to the currency, accuracy, reliability or completeness of information in this presentation and the statements made in this presentation are made only as at the date of this presentation (unless otherwise indicated). The information in this presentation remains subject to change without notice. To the maximum extent permitted by law, Westgold and its advisers, affiliates, related bodies corporate, directors, officers, partners, employees or agents each expressly disclaims any and all liability, including, without limitation, any liability arising out of fault or negligence for any loss arising from the use of or reliance on information contained in this presentation, including representations or warranties or in relation to the accuracy or completeness of the information, statements, opinions, forecasts, reports or other matters, express or implied, contained in, arising out of or derived from, or for omissions from, this presentation including, without limitation, any financial information, any estimates or projections and any other financial information derived therefrom.
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Westgold - a leading Australian gold company 4 All Australian – multi-mine production within a Tier 1 jurisdiction 4 processing hubs in Western Australia ASX100, unhedged gold producer of scale Three consecutive years of record production – FY26 production of 387koz exceeds FY26 guidance1 Strong balance sheet underpinned by exceptional cash flow Debt free with $1.5B in available liquidity at 30 June 2026 Increasing shareholder returns $122M returned to shareholders in FY26 - from dividends and buybacks3 Long life assets with growing Ore Reserves 4.1Moz in Ore Reserves; 10 year Group Reserve life2 Fully funded for organic growth Base case plan delivers growth to 470koz gold production in FY28 1. Refer to the Company’s ASX announcement titled “June 2026 Quarterly Report” dated 22 July 2026 for further information. 2. Refer to the Company’s ASX announcement titled “2026 Mineral Resource Estimate and Ore Reserves” dated 20 August 2026 for further information. 3. Refer to the Company’s ASX announcement titled “Westgold delivers $122M in FY26 Shareholder Capital Returns” dated 28 August 2026 for further information.
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FY26 Corporate Update 5 Delivering on our strategy A record year — stronger earnings, a larger reserve and more capital returned Financial Strength1 $1.1B Underlying EBITDA $480M underlying net profit $602M free cash flow $939M treasury balance Inventory Growth2 4.1Moz Ore Reserves Mineral Resources up 8% to 14.4Moz, adjusted for divestments Maiden Fletcher Ore Reserve of 1.1Moz declared Organic Expansion3 +66% Potential milling capacity lift Cue Expansion Plan study Meekatharra Expansion Plan study 4Mtpa Higginsville study Shareholder Returns4 $122M Returned in FY26 10cps fully franked dividend for FY26 $50M FY27 share buyback approved New shareholder capital return policy adopted FY26 guidance exceeded: 387koz produced — 19% increase on FY25 (326koz) 1. Refer to the Company’s ASX announcement titled “Appendix 4E & 30 June 2026 Annual Financial and Climate Report” dated 28 August 2026 for further information; 2. Mineral Resource and Ore Reserves as at 30 June 2026. Refer to “Ore Reserves and Mineral Resources” section in slide 3 for further information. Refer to the Company’s ASX announcement titled “2026 Mineral Resource Estimate and Ore Reserves” dated 20 August 2026 for further information; 3. Refer to ASX announcement titled “Cue Hub Expansion to 1.7Mtpa in FY28” dated 5 August 2026, refer to ASX announcement titled “2.9Mtpa Meekatharra Expansion Plan” dated 25 August 2026 and refer to ASX announcement titled “1.1Moz Maiden Fletcher Ore Reserve” dated 18 August 2026 for more information; 4. Refer to the Company’s ASX announcement titled “Westgold delivers $122M in FY26 Shareholder Capital Returns” dated 28 August 2026 for further information.
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ASX:WGX - liquid unhedged ASX100 gold producer ASX:WGX - liquid & unhedged ASX100 gold producer Shares Outstanding1 944.1M Average daily trading volume2 3.3M Market Capitalisation2 $6.5B Cash, bullion & liquid investments3 $939M Available Debt facility $600M $8.05 $6.83 $2.00 $4.00 $6.00 $8.00 $10.00 Jul 24 Sep 24 Nov 24 Jan 25 Mar 25 May 25 Jul 25 Sep 25 Nov 25 Jan 26 Mar 26 May 26 Jul 26 Westgold ASX : WGX share price performance2 Shareholder composition5 Broker coverageMineral Resources and Ore Reserves4 (Moz) 2.3 6.7 5.4 Mineral Resources 0.9 3.2 Ore Reserves Proven Probable Measured Indicated Inferred 14.4 4.1 10% 6% 6% 6% 6% 67% Others 1. As at 26 Aug 2026; 2. As at 26 Aug 2026 from NASDAQ IR Insight; 3. As at 30 June 2026; 4. Mineral Resource and Ore Reserves as at 30 June 2026. Refer to “Ore Reserves and Mineral Resources” section in slide 3 for further information. Refer to the Company’s ASX announcement titled “2026 Mineral Resource Estimate and Ore Reserves” dated 20 August 2026 for further information; 5. As at 31 July 2026 6
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Financial Strength FY26 Financial Results 7
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FY26 Financial highlights1 8 Underlying EBITDA $1.1B A record year of earnings — 387koz produced at an AISC of $2,841/oz Underlying EBIT Earnings after depreciation and amortisation $773M Underlying NPAT Underlying net profit attributable to shareholders $480M Statutory NPAT Reported result including one-off and non-cash items $443M Underlying EBITDA Margin 45% 349% YoY 454% YoY 122% YoY from 37% in FY25 1,166% YoY 1. Refer to the Company’s ASX announcement titled “Appendix 4E & 30 June 2026 Annual Financial and Climate Report” dated 28 August 2026 for further information
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Underlying EBITDA1 to Statutory NPAT Reconciliation 9 1,104 982 651 643 443 3 85 FY26 Underlying EBITDA Statutory NPBT (285) Underlying income tax expense Impact of Adjustments on income tax expense FY26 Statutory NPAT (5) Loss on assets held for sale (119) Loss on asset sales (1)Exploration and evaluation expenditure written off Reversal of impairment of an associate Statutory EBITDA (331) D&A Statutory EBIT (8) Net interest expense Non-cash gap between consideration and book value on Mt-Henry Selene, net of the gain on Peak Hill Increased production year on year drove higher depreciation compared to FY25 Deferred tax liability released on the Mt- Henry Selene and Peak Hill disposal2, reducing the $119M loss to $34M net 1. Refer to the “Pro-forma financial information” disclaimer on slide 2 for further information. 2. Refer to the Company’s ASX announcements titled “Completion of the Mt Henry-Selene Gold Project Divestment” dated 16 February 2026 and “Completion of the Peak Hill Gold Project Divestment” dated 1 July 2026 for further information.
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FY26 Cash highlights1 10 Net cashflow from operations $964M Cash generated by the four operating hubs after interest and tax Investing cash flow $362M Investment in growth capital and exploration, offset by divestment proceeds Free cash flow $602M Operating cash flow after investment in growth Closing Treasury Balance $939M 158% YoY Cash, bullion and liquid investments at 30 June 2026 $341M growth capital invested $42M exploration and resource definition Total available liquidity of $1.5B inclusive of $600M undrawn debt facility 170% YoY 3% YoY 11,940% YoY 1. Refer to the Company’s ASX announcement titled “Appendix 4E & 30 June 2026 Annual Financial and Climate Report” dated 28 August 2026 for further information
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$575M build in Treasury balance1 FY26 Treasury Movement ($M) 1. Treasury (cash, bullion and liquid investments) 2. Closing FY26 investments and bullion exclude investments in Valiant Gold. Closing investments exclude Corazon 11 Stamp duty paid (50) Debt repayment 66Proceeds from Divestments (54) FY26 Opening Treasury Balance NMG Capital Raise Participation (27) (96) FY25 Dividend Payment (27) Opening Bullion FY26 Share Buy Back Closing Cash 112 Closing Bullion 160Closing Investments2 FY26 Closing Treasury Balance (28)Opening Investments Opening Cash 822Murchison Operating Cashflow 318Southern Goldfields Operating Cashflow Sustaining Capital (34) Stockpiles 25 Working Capital (63) Lease Payments (217) Growth Capital (124) PP&E (2) (42) Exploration (92) Tax Payment Closing Operating Cash 364 240 779 667 939 (76) Operating Non-Sustaining Capex & ExplorationWorking Capital +$575M
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12 Inventory Growth FY26 Reserves and Resources update
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FY26 Group Reserves and Resources1 13 Ore Reserves 4.1Moz 41%1 YoY 57Mt at 2.22g/t Au — grade up 15% from 1.93g/t in FY25 Third consecutive year of Reserve growth after mining depletion Circa 10-year Reserve life at installed processing capacity Mineral Resources 14.4Moz 8%2 YoY 194Mt at 2.30g/t Au — grade up from 2.18g/t in FY25 Measured & Indicated lifted to 62.6% of inventory (FY25: 56.6%) Resource growth underpinned by growth in core assets Reserve addition cost $27/oz $42M invested in exploration and resource development drilling in FY26 1.5Moz of gross Ore Reserve additions delivered organically 26 rigs active across the Murchison and Southern Goldfields $50 - 75M3 planned in FY27 for exploration and resource definition investment 1. Mineral Resource and Ore Reserves as at 30 June 2026. Refer to “Ore Reserves and Mineral Resources” section in slide 3 for further information. Refer to the Company’s ASX announcement titled “2026 Mineral Resource Estimate and Ore Reserves” dated 20 August 2026 for further information; 2. Post depletion and after adjusting for non-core asset divestments; 3. This reflects the current intentions of the Company and is subject to operational priorities, market conditions and Board approval. Accordingly, this planned investment may be subject to change.
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Steady build in Ore Reserves since FY231 14 FY23 FY24 FY25 FY26 2.0 3.3 3.5 4.1 +28% p.a. Group Ore Reserve (Moz) Drilling success is compounding Third consecutive year of Reserve growth after mining depletion, since increased drilling investment began in FY23 1.5Moz of gross Ore Reserve additions delivered organically in FY26 at $27/oz Circa 10-year Reserve life at installed processing capacity 26 rigs active across the Murchison and Southern Goldfields $50 - 75M2 planned in FY27 - to extend Resources and convert them into Reserves 1. Mineral Resource and Ore Reserves as at 30 June 2026. Refer to “Ore Reserves and Mineral Resources” section in slide 3 for further information. Refer to the Company’s ASX announcement titled “2026 Mineral Resource Estimate and Ore Reserves” dated 20 August 2026 for further information; 2. This reflects the current intentions of Westgold and is subject to operational priorities, market conditions and Board approval. Accordingly, this planned investment may be subject to change.
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Fletcher continues to grow1 15 1.1Moz Maiden Ore Reserve within two years of Beta Hunt acquisition Fletcher Mineral Resource 3.0Moz 30% YoY 40.1Mt at 2.3g/t Au Fletcher Indicated Resource 1.6Moz Resource Indicated Reserve 426% YoY 18Mt at 2.7g/t Au Fletcher Maiden Ore Reserve 1.1Moz 13.5Mt at 2.6g/t Au More than 85km drilled across Fletcher since August 2024 Beta Hunt Mineral Resource 5.4Moz up 104% since acquisition Beta Hunt Ore Reserve 1.6Moz up 201% since acquisition 74% of Fletcher’s Indicated Resource converted to the maiden Ore Reserve | Further drilling planned in Fletcher for FY27 1. Refer to ASX announcement titled “1.1Moz Maiden Fletcher Ore Reserve” dated 18 August 2026
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16 Organic Expansion Self funded growth
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17 Bigger mills drive stronger economics Cue Hub1 Meekatharra Hub2 Higginsville Hub3 1.4Mtpa → 1.7Mtpa 21% increase in capacity 15kozpa production uplift $22M indicative capital 10 months payback 1.8Mtpa → 2.9Mtpa 61% increase in capacity 47kozpa production uplift $100M indicative capital 9 months payback 1.6Mtpa → 4.0Mtpa DFS advancing on the 4Mtpa case Study stage — capital to be defined Potential 66% lift Westgold total milling capacity from ~5.7Mtpa4 to ~9.5Mtpa | Subject to study and FID outcomes Underpinned by Fletcher Reserve FY27 commissioning FY28 commissioning 1. Refer to ASX announcement titled “Cue Hub Expansion to 1.7Mtpa in FY28” dated 5 August 2026; 2. Refer to ASX announcement titled “2.9Mtpa Meekatharra Expansion Plan” dated 25 August 2026; 3. Refer to ASX announcement titled “1.1Moz Maiden Fletcher Ore Reserve” dated 18 August 2026; 4. Includes Fortnum milling capacity held consistent at 0.9Mtpa. 150% increase in capacity
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18 Shareholder Returns $122M returned to shareholders in FY26
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329% growth in Shareholder Capital Returns1 19 $10M $28M $27M FY24 FY25 $95M (10cps) FY26 $10M (2.25cps) $28M (3cps) $122M +329% Share Buy BackDividends declared FY26 dividend of 10cps is 400% above the minimum annual dividend commitment of 2cps in FY26 Total payment of $95M - representing 16% of FY26 free cash flow of $602M $122M in total Shareholder Capital Returns for FY26 10cps Fully Franked Dividend Dividend Action Key Date Ex - Dividend 15 September 20262 Record Date 16 September 20262 Payment date 8 October 2026 1. Refer to the Company’s ASX announcement titled “Westgold delivers $122M in FY26 Shareholder Capital Returns” dated 28 August 2026 for further information. 2. For TSX purposes, the ex-dividend date and record date is 16 September 2026 in Canada.
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$50M Share Buy-Back Announced for FY271 20 FY26 on-market share buy-back1 New Shareholder Capital Return Policy Adopted Minimum annual shareholder capital return 3 cents per share Includes a minimum 2 cent ordinary dividend Balance returned via buy-backs or additional capital returns Capped at 30% of free cash flow Designed to support sustainable, disciplined and transparent shareholder returns Capital returns will be funded from free cash flow defined as net cash flows from operating and investing activities and remain subject to Westgold maintaining a minimum $200M net cash balance and Board discretion. $50M on-market share buy-back for FY27 approved Extension between 11 Sep 2026 – 10 Sep 2027 Capped at 5% of issued capital On-market ASX purchases, at Board discretion 1. Refer to the Company’s ASX announcement titled “Westgold delivers $122M in FY26 Shareholder Capital Returns” dated 28 August 2026 for further information.
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Westgold – the value proposition 21 ASX 100, unhedged, gold producer of scale — focused on growing production, free cash flow and shareholder returns Three consecutive years of record production, reserve growth, and increasing returns to shareholders Production of scale, and growing FY26 output up 19% on FY25, exceeding guidance ASX100, unhedged, all-Australian production Self-funded growth Mill expansions at Cue, Meekatharra and Higginsville under study Growing inventory ~10-year reserve life 1.5Moz gross reserves added at cost of $27/oz Record earnings 45% underlying EBITDA margin, from 37% in FY25 $480M underlying NPAT $1.1B Underlying EBITDA3 Balance sheet strength $1.5B in available liquidity at 30 June 2026 $964M operating cash flow; $602M free cash flow Capital returned 10cps fully franked FY26 dividend $50M FY27 buyback; minimum 3cps return policy 387koz FY26 Gold Production1 +66% Potential Uplift in Group Milling Throughput 4.1Moz Ore Reserves2 $939M FY26 Closing Treasury Balance3 $122M FY26 Total Shareholder Capital Returns4 211. Refer to the Company’s ASX announcement titled “June 2026 Quarterly Report” dated 22 July 2026 for further information; 2. Refer to the Company’s ASX announcement titled “2026 Mineral Resource Estimate and Ore Reserves” dated 20 August 2026 for further information; 3. Refer to the Company’s ASX announcement titled “Appendix 4E & 30 June 2026 Annual Financial and Climate Report” dated 28 August 2026 for further information. 4. Refer to the Company’s ASX announcement titled “Westgold delivers $122M in FY26 Shareholder Capital Returns” dated 28 August 2026 for further information.
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www.westgold.com.au 22 Investor Relations Kasun Liyanaarachchi Group Manager Investor Relations & Communications Kasun.Liyanaarachchi@westgold.com.au +61 458 564 483 Media Annette Ellis Manager Corporate Affairs Annette.ellis@westgold.com.au +61 458 200 039 ASX:WGX – the transformation continues