• $180M underlying cash build in Q1 FY26
• Group production of 83,937oz Au @ AISC of $2,861/oz
• 3-year outlook sees costs fall, production grow to ~470koz by FY28

Westgold Resources Limited reported results for the period ending 30 September 2025 (Q1 FY26). The company generated an underlying cash build of $180M before growth and exploration spend, culminating in a closing balance of $472M in cash, bullion, and liquid investments. Operationally, Westgold maintained its focus on safety and efficiency, achieving an 11% improvement in its TRIFR and delivering group gold production of 83,937 ounces at an AISC of $2,861 per ounce. The company's 2025 Reserves and Resources statement demonstrated the success of continued investment in growth projects and exploration, with the Mineral Resource Estimate increasing by 24% to 16.3Moz and Ore Reserves up 5% to 3.5Moz, underpinning a 10-year Ore Reserve life. Westgold also released a detailed three-year outlook (3YO) that presents a high-confidence, executable plan to increase the Group's annual gold production to approximately 470,000oz per annum by FY28, while reducing AISC to around $2,500/oz from FY27 onwards. This organic growth plan is predicated upon Westgold's existing portfolio of operating assets, 2025 Ore Reserves, and the four processing hubs with a combined current processing capacity of approximately 6Mtpa.

FY26 guidance: 345-385koz @ AISC of $2,600-$2,900/oz FY27 outlook: ~420koz @ AISC of $2,456/oz FY28 outlook: ~470koz @ AISC of ~$2,499/oz

Westgold's three-year outlook presents a high-confidence, executable plan to increase the Group's annual gold production to approximately 470,000oz per annum by FY28, while reducing AISC to around $2,500/oz from FY27 onwards. This organic growth plan is predicated upon Westgold's existing portfolio of operating assets, 2025 Ore Reserves, and the four processing hubs with a combined current processing capacity of approximately 6Mtpa.