Production and Cost Outlook - The company's 3-Year Outlook (3YO) aims to deliver sustainable production exceeding 470 thousand ounces (koz) of gold by FY28 [15] - FY25 production is projected at 326 koz of gold at an All-In Sustaining Cost (AISC) of A$2,666 per ounce [18] - The company anticipates a decrease in AISC as mill utilization and mill grade increase across its four existing processing hubs with a capacity of approximately 6 million tonnes per annum (Mtpa) [23] - The 3YO plan is underpinned by current Ore Reserves of 56 million tonnes (Mt) at 1.93 grams per tonne (g/t) Au for 3.5 million ounces (Moz) of gold [19, 26] Capital Allocation and Funding - The company has allocated $150 million for exploration and resource conversion within the 3YO [26] - The 3YO plan is fully funded through the company's balance sheet strength and Free Cash Flow (FCF) [23] - Non-sustaining capital expenditure is expected to decrease after peaking in FY27 [23] Processing Capacity and Expansion - The company is focused on fully utilizing its existing processing hubs, leveraging and expanding its existing 6 Mtpa processing capacity to enhance FCF [27] - The Meekatharra Hub's Bluebird-South Junction underground expansion is expected to reach 1.2 Mtpa in FY28 [33] - Beta Hunt infrastructure upgrades are expected to support a 2 Mtpa run rate by the second half of FY26 [36] Growth and Upside Potential - The 3YO plan excludes potential upside from further expansion of the Bluebird-South Junction mine and a potential Higginsville mill expansion to 4 Mtpa [43]

Company Overview - Westgold's market capitalization is A$3.5 billion as of September 10, 2025[21, 22] - The company holds A$364 million in cash, bullion, and liquid investments as of June 30, 2025[21, 22] - Westgold possesses a substantial mineral resource of 16.3 million ounces of gold and an ore reserve of 3.5 million ounces of gold[21] - The company anticipates gold production of 326,000 ounces in FY25 at an All-In Sustaining Cost (AISC) of A$2,666 per ounce[21] Operational Highlights - Westgold operates four processing hubs in Western Australia, with a group milling capacity of approximately 6 million tonnes per annum[21] - FY25 production from Meekatharra was 197,000 ounces at an AISC of A$2,609 per ounce[31] - FY25 production from Cue was 129,000 ounces at an AISC of A$2,752 per ounce[32] Future Plans and Guidance - Westgold projects production between 345,000 and 385,000 ounces of gold in FY26[85] - The company anticipates AISC between A$2,600 and A$2,900 per ounce in FY26[85] - A$50 million is allocated for resource development and exploration[45, 106] - Non-sustaining capital expenditure is estimated at A$270 million for FY26[85] Shareholder Returns - A dividend was declared for FY25, and a share buyback is planned for FY26[90] - The FY26 dividend policy includes increasing the minimum dividend per share to 2 cents and maintaining a maximum dividend payout of 30% of free cash flow[94] - A share buy-back of up to 5% will be undertaken over 12 months[96, 97]

Katanning Gold Project, WA Clearing the Way Strong Gold Production and Excellent Financial Returns over a 10-Year Mine Life Precious Metals Summit, Beaver Creek John Dorward, Executive Chairman 9-12 September 2025 ASX: AUC FRA: AU4 For personal use only Disclaimer Important Information The following notice and disclaimer applies to this investor presentation ("Presentation") and you are therefore advised to read this carefully before reading or making any other use of this Presentation or any information co ...

Core Viewpoint - Perseus Mining Limited has updated its estimates of Mineral Resources and Ore Reserves as of June 30, 2025, reporting significant increases in both categories, indicating growth in the company's gold assets [1][2]. Mineral Resources Summary - The total Measured and Indicated (M&I) Mineral Resources are now estimated at 7.8 million ounces (Moz) of gold, with a total of 185.9 million tonnes (Mt) grading 1.30 grams per tonne (g/t) [2][10]. - This represents an increase from the previous year's estimate of 4.9 Moz of gold from 115.9 Mt grading 1.31 g/t [10]. - Inferred Resources are reported at 39.9 Mt grading 1.5 g/t for 1.9 Moz of gold, up from 1.3 Moz from 24.1 Mt grading 1.6 g/t in the prior year [10]. Ore Reserves Summary - The Proved and Probable Ore Reserves total 5.0 Moz of gold, with 116.7 Mt at an average grade of 1.33 g/t [2][6]. - This marks an increase of 2.1 Moz in Ore Reserves compared to the previous year, reflecting the company's strategic reassessment of growth opportunities within its portfolio [3][6]. - The breakdown of Ore Reserves includes 20.9 Mt of Proved Reserves and 95.8 Mt of Probable Reserves [6]. Project-Specific Details - The Edikan Gold Mine contributes significantly to the estimates, with 29.7 Mt of total Ore Reserves at a grade of 1.03 g/t, equating to 980,000 ounces [6]. - The Sissingué Gold Mine and Yaouré Gold Mine also contribute notable amounts, with respective total Ore Reserves of 3.7 Moz and 1.4 Moz [6]. - The Meyas Sand Gold Project (formerly Block 14) includes Indicated Mineral Resources of 3.3 Moz and a Probable Mineral Reserve of 2.9 Moz, which are not included in the main estimates [2][11]. Strategic Insights - The company is focusing on optimizing its portfolio rather than adhering to fixed investment targets for each asset, aiming to balance growth investments with cash margins [3]. - The updated estimates are in accordance with the JORC Code (2012) and reflect a commitment to maintaining high standards in reporting mineral resources and reserves [12][19].

Financial Performance & Guidance - FY25 gold production reached 373 koz, near the top end of the guidance range of 350-380 koz [29] - FY25 All-In Sustaining Costs (AISC) were $2,531/oz, at the bottom end of the guidance range of $2,440-2,740/oz [29] - The company's cash and bullion balance stood at $517 million, representing a $522 million build before debt repayment of $300 million [25, 33, 36] - FY26 gold production guidance is set at 350-380 koz, with Duketon contributing 220-240 koz and Tropicana contributing 130-140 koz [38] - FY26 AISC guidance is $2,610-2,990/oz, including approximately $170/oz of non-cash costs related to stockpile value adjustments [38, 40] Mineral Resources & Ore Reserves - Total Mineral Resources are estimated at 7.54 Moz of gold [21, 141] - Total Ore Reserves are estimated at 1.661 Moz of gold [21, 145] - Duketon's Mineral Resources total 3.26 Moz of gold [21, 141] - Duketon's Ore Reserves total 1.082 Moz of gold [21, 145] - Tropicana (30% ownership) has Mineral Resources of 1.61 Moz of gold [21, 141] - Tropicana (30% ownership) has Ore Reserves of 0.579 Moz of gold [21, 145] Projects & Exploration - An Exploration Target at Ben Hur is estimated to contain between 4.0 Mt and 6.0 Mt at a grade ranging between 2.2 g/t Au and 2.8 g/t Au [15] - McPhillamys has a Mineral Resource of 2.26 Moz of gold [21, 141]