Westgold Resources Limited (ASX: WGX) (TSX: WGX) will hold its Annual General Meeting on Thursday, November 26, 2026, at 12:00 pm (WST) in Perth.

The meeting is scheduled at the Conference Centre, Exchange Tower, Level 8, 2 The Esplanade, Perth, Western Australia.

Key Dates and Governance

In accordance with ASX Listing Rule 14.3 and clause 6.1(p) of the Company’s Constitution, valid nominations for the position of Director must be received by the Company no later than 35 business days before the AGM date. This deadline falls on Thursday, October 8, 2026.

Further details regarding the agenda and proceedings will be disclosed in the Notice of Annual General Meeting. The Company plans to release this notice to the ASX on or around Friday, October 23, 2026.

This announcement was authorised for release to the ASX by the Board.

Westgold Resources Limited (ASX: WGX) (TSX: WGX) released a Scoping Study for the Meekatharra Expansion Plan (MXP), targeting an increase in processing capacity from 1.8Mtpa to 2.9Mtpa by FY28. The brownfields project aims to add approximately 47kozpa of gold production, lifting total life-of-mine output to 1.6Moz over ten years.

The expansion addresses emerging processing constraints at the hub as underground mining from Bluebird–South Junction ramps up. By leveraging existing infrastructure and previously procured long-lead equipment, Westgold intends to avoid the higher costs and timelines associated with building a standalone plant.

Financial Overview

The MXP carries an indicative capital cost of approximately $100M, representing the upper end of the $65M–$100M scoping study range. The project forecasts a pre-tax undiscounted cashflow of $3.2B at a gold price of $5,500/oz, increasing to $4.0B at the spot price of $6,000/oz.

At a discount rate of 7.3%, the project NPV improves by roughly $1.1B to approximately $1.9B at $5,500/oz. The life-of-mine all-in sustaining cost (AISC) ranges between $1,968 and $2,406 per ounce.

What the Numbers Show

The capital efficiency of the expansion is highlighted by the forecast payback period of nine months. This rapid recovery occurs before any scheduled processing of Inferred Mineral Resources, meaning the initial capital outlay is supported primarily by Ore Reserves, Measured and Indicated Mineral Resources, existing stockpiles, and contracted third-party ore. The production target comprises 31% Ore Reserves, 44% Measured and Indicated resources, 14% Inferred resources, and 11% third-party production.

Capital and Operational Details

Total equipment costs are estimated between $41.6M and $64.0M, with milling representing the largest component at $20.4M–$31.3M. The design includes a parallel crushing circuit and a single-stage SAG milling circuit integrated with existing downstream leach and adsorption infrastructure.

Westgold reported holding $939M in cash, bullion, and liquid investments as of June 30, 2026. The company also secured a commitment letter to increase its Syndicated Facility Agreement to $600M. Feasibility-level work will commence to confirm engineering and capital estimates ahead of a potential investment decision in late FY27.