Gold Road Resources (GOR) 2025 Earnings Call Presentation

Gold Fields Scheme - Gold Road Board recommends shareholders vote for the Scheme, absent a superior proposal, with an independent expert's confirmation of its best interests[9] - Gold Road entered a binding scheme implementation agreement with Gold Fields on May 4, 2025[9] - Total cash consideration of A$3.40 per share if the Scheme were effective at May 2, 2025, including fixed cash of A$2.52 per share and variable cash of A$0.88 per share based on Northern Star shareholding[9] - The Scheme is progressing on track for October implementation[10] Share Price Performance - Assuming the Scheme was effective on August 1, 2025, the total Scheme consideration was $3.23, representing a 36% premium over the undisturbed last closing share price on March 21, 2025, of $2.38[12] - The $3.23 total Scheme consideration represents a 28% premium over the 30-day VWAP up to and including March 21, 2025, of $2.52[12] - The $3.23 total Scheme consideration represents a 32% premium over the 3-month VWAP up to and including March 21, 2025, of $2.45[12] - Gold Road's share price has outperformed the ASX 200 by 648% from 2015 ($0.43) to 2025 ($3.24)[21] Yamarna Mine Readiness Project - The Gilmour PFS demonstrates a 5-year project with a Probable Ore Reserve of 0.19 Moz at 4.10 g/t Au[23] - The Life of mine free cash flow is $377 million, NPV5 of $231 million at a gold price of A$3,500/oz[25] - The project targets ~50 koz pa at average AISC A$2,004/oz, with an Establishment Capex of $36 million[25] Capital Structure - The Market Cap is A$3,400M as of August 1, 2025[31] - Cash & Equivalents are A$242M as of June 30, 2025[31] - Liquid Investments are A$827M as of July 14, 2025[31]