WGX: Completion of Sale of Buldania Lithium Royalties

ASX Announcement

24 July 2019

Completion of Sale of Buldania Lithium Royalties

Westgold Resources Limited (ASX:WGX) (Westgold) is pleased to advise that it has signed a formal sale agreement with Liontown Resources Limited (ASX:LTR) (Liontown) by which Liontown will acquire the revenue and production royalties relating to lithium and related minerals over the Buldania Lithium Project in WA (the Buldania Royalties).

The Buldania Royalties were subject to a sale agreement with SilverStream SEZC (SilverStream) (as announced on 9 April 2019). Liontown exercised its pre-emptive right to acquire the royalties.

The Mt Marion Lithium Royalty remains subject to the sale agreement with SilverStream and Westgold and SilverStream continue to advance documentation to the sale.

The Buldania Royalties, a 1.5% gross revenue royalty and a production royalty of A$2 per tonne of ore mined and/or processed from three key tenements (E63/856, P63/1977 and M63/647), are being acquired for total consideration of A$2 million in cash.

The Mt Marion Lithium Royalty sale is for A$13 million in cash.

Enquiries

Peter Cook	Steve Norregaard	Rod Corps
Managing Director	Operations Director	Manager - Investor Relations
[e-mail]	[e-mail]	[e-mail]

Westgold Resources Limited

ACN 009 260 306

1. [phone] | e: [e-mail] | w: www.westgold.com.au PO Box 7068 Cloisters Square WA 6850 | Level 6, 197 St Georges Tce, Perth WA 6000