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Investor Presentaiton

WESTGOLD RESOURCES LIMITED CORPORATE STRUCTURE FPO Shares on Issue: 420.23 million Top 10 Parent Groups Rank Group Name % 8/0 31 Mar 20 1 Ruffer LLP Group 10.16% 40,618,236 ▲ 2 FIL Limited 9.39% 37,545,599 Options 3.7 million (various dates above $2/share) 3 Golden Energy & Resources Limited 7.25% 29,000,000 4 INVESCO PLC 4.25% 16,991,098 ▲ 5 The Vanguard Group, Inc. 4.15% 16,576,670 ▲ 1.6 million (ZEPO Employee Perf. Rights) 6 BlackRock, Inc. 3.95% 15,804,478 ▲ 7 Van Eck Associates Corporation 3.84% 15,362,820 Market Capitalization: ~A$ 1 billion 8 L1 Capital Pty Ltd. 3.79% 15,159,300 ▲ (~US$675 million) 9 APAC Resources Limited 3.61% 14,418,261 10 Samarang Asset Management S.A. 2.91% 11,640,662 Cash, Bullion, Investments: ~ A$100m+ Debt/Gold Pre-pay: 2,789oz (~A$5m) ending 15th June 2020 11% Gold Hedges: 210,000oz @ A$2061/oz Share Liquidity: 1 month = 2.4m shares/day; 11% 3 month = 1.4 m shares/day; 6 month = 1.6m shares/day. Total Shareholder Composition 3% 1% 63% Institutional Unanalysed Corporate Retail Related Party Broker Custodian 2
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