• Westgold produced 80,886 oz of gold in Q2, FY25, up from 77,369 oz in Q1
• Ramp-up continues at Bluebird-South Junction and Beta-Hunt underground mines
• Great Fingall mine on track to begin production in Q4, FY25

Westgold Resources Limited (ASX/TSX: WGX, OTCQX: WGXRF) has reported preliminary production results for Q2, FY25, with the company producing 80,886 oz of gold, up from 77,369 oz in Q1, FY25. Total production for the first half was 158,255 oz, with the company expecting further increases in H2, FY25, consistent with guidance. The ramp-up at both the Bluebird and Beta-Hunt underground mines continues, with efforts focused on increasing grade and consistency of mine production at Bluebird-South Junction, while infrastructure upgrades are being implemented at Beta-Hunt. Development at the Great Fingall mine near Cue remains on track, with first ore anticipated in Q4, FY25. As of 31 December 2024, the company had financial liquidity of $402 million, including $152 million in cash, bullion, and liquid investments, and $250 million undrawn from its $300 million Corporate Facility. The company is also advancing plant expansion studies at Higginsville, Bluebird, and Fortnum to drive down its long-term cost base, and is actively drilling across its asset base to extend mine lives.

Westgold expects further increases in gold production in H2, FY25, consistent with guidance.

Westgold is focused on ramping up production at its key mines, including Bluebird-South Junction and Beta-Hunt, as well as bringing the Great Fingall mine into production in Q4, FY25. The company is also advancing plant expansion studies to drive down its long-term cost base and is actively drilling to extend mine lives.