Waratah Minerals Limited · ASX:WTM
Waratah Minerals — Noosa Mining Conference 2026
30 slides from Waratah Minerals's conference presentation, Jul 22, 2026
Slide 1: Major New Gold Discovery in NSW
Major New Gold Discovery in NSW ASX:WTM Investor Presentation Noosa Mining Conference, 22-24 July 2026
Slide 2: Investment Highlights
Investment Highlights Creating value for our stakeholders through discovery Major new gold discovery Spur evolving from early exploration into a district-scale gold system with potential for several million ounces 2 Strong management team & board Spur Project High calibre discovery team with strong
Slide 3: Drilling Update
Drilling Update Mineralised envelope remains open along strike and at depth Expanding the Gold System Recent results from Spur continue to expand the footprint of mineralisation to the north and infill the zone between Spur and Spur East Shallow Mineralisation 3 All significant intersections start w
Slide 4: Corporate Overview
Corporate Overview v 388M 9% $0.435c $169M $57.7M Shares on Issue Board and Management Share price Market Cash at bank1 (ASX Code: WTM) (fully diluted) (20 July 2026) Capitalisation (30 June 2026) Exploration Discovery Significant Shareholders 4 Aug 2025 High grade extensions to Spur Gladstone Minin
Slide 5: A Proven Discovery Team
A Proven Discovery Team Strong record of discovery, value creation, resource development & project Board of Directors divestment in Australia & Dr. Andrew Stewart Peter Duerden globally Executive Chairman Managing Director Geologist with over 25 years’ experience in Geologist and Mining Executive wi
Slide 6: Macquarie Arc Home of World-Class Gold-Copper Deposits
6 Macquarie Arc Home of World-Class Gold-Copper Deposits ASX:WTM
Slide 7: Macquarie Arc
Macquarie Arc Home of World-Class Gold-Copper Deposits Australia’s Premier Au - Cu Belt • Gold and copper elephant country • > 80 Moz Au / 13Mt Cu endowment 1 • Several major mining operations • Discovery potential validated by recent 7 discoveries & global majors investing in region Mining Friendly
Slide 8: Strategic Position in an Established Mining District
Strategic Position in an Established Mining District A Major Gold Mining District Developed Infrastructure • High Voltage Power / Gas - State Grid • Several major mining operations • Skilled local workforce 8 Brownfields Environment • Untested potential • Large fertile Macquarie Arc porphyry intrusi
Slide 9: Spur Gold – Copper Project
Spur Gold – Copper Project Highly strategic district-scale land position 100% Ownership of a Large Gold District • Multiple discovery opportunities • Numerous multiphase intrusive porphyry complexes • Covering ~100 square kilometres 9 Unique & Strong Tenure • Cargo Mining Common was set aside specif
Slide 10: Spur Gold – Copper Project History
Spur Gold – Copper Project History Pre-1970s 1970s/1980s • Historical mining • Porphyry copper potential • 1860s alluvial mining & small- recognised scale underground and open pits • Anaconda, Billiton, Cyprus Gold on gold veins 2018 1990s - 2016 • Deep Ore Discovery P/L • Golden Cross Resources, Ne
Slide 11: We have a clear value creation strategy through aggressive exploration
“ We have a clear value creation strategy through 11 aggressive exploration delivering rapid resource growth and low discovery costs.” Dr. Andrew Stewart, Executive Chairman ASX:WTM
Slide 12: Spur Gold – Copper Project
Spur Gold – Copper Project Large under-explored gold district Multiple discovery opportunities • Historic exploration focused on copper • Numerous outcropping gold-rich veins Rapidly growing scale & grade 12 • High strike rate to date with Spur & Consols • Value-creation through discovery and resour
Slide 13: Exploration Momentum
Exploration Momentum Getting Better with Geological Understanding Top Intercepts SPRCD062: 208.7m @ 1.17 g/t Au from 514m (Consols) SPD027: 117m @ 2.01 g/t Au from 661m (Consols) SPD025: 80m @ 1.78 g/t Au from 271m (Consols) 13 SPRC007: 104m @ 1.53 g/t Au from 112m (Spur) SPD021: 6m @ 24.56 g/t Au f
Slide 14: Growth of the Discovery
Growth of the Discovery District scale gold system – Snapshot of system growth from 2024 to 2026 14 ASX:WTM
Slide 15: Growth of the Discovery
Growth of the Discovery 15 District scale gold system – Snapshot of system growth from 2024 to 2026 ASX:WTM
Slide 16: Growth of the Discovery
Growth of the Discovery 16 District scale gold system – Snapshot of system growth from 2024 to 2026 ASX:WTM
Slide 17: Growth of the Discovery
Growth of the Discovery 17 District scale gold system – Snapshot of system growth from 2024 to 2026 ASX:WTM
Slide 18: Spur Gold Zone
Spur Gold Zone Rapidly Demonstrating Growing Systems Spur zone covers 1km x 250m • Domain south of Essex Fault • Diamond drilling defining a large system with numerous high-grade shoots 18 • Multiphase veining, stringers and disseminated gold • High grade gold occurs as shallowly north plunging zone
Slide 19: Spur Gold Zone
Spur Gold Zone SPD058 @ 43-44m 108g/t Au. Gold and native bismuth 19 precipitating on the intersection between vein sets SPRCD037 @ 436-437m 11.6g/t Au. Massive sulphide veins ASX:WTM SPRCD037 @ 448-449m 7.06g/t Au. Quartz carbonate sulphide breccias 44.3g/t 44.3g/t Au Au
Slide 20: Consols Gold Zone
Consols Gold Zone Growing Consols zone: >300m east-west >400m north-south and >600m vertically Series of east-west quartz- sulphide sheeted vein sets 20 Associated with strong potassic alteration Potential for further significant high-grade discoveries With the opportunity to rapidly add ounces and
Slide 21: Consols Gold Zone
Consols Gold Zone Consols Zone – Major New Gold Discovery Multiple high-grade gold zones East-west quartz-sulphide sheeted vein sets associated with strong potassic alteration Unlocking ounces for substantial resource growth A 21 A SPD011: 1m @ 12.03g/t from 793m SPD015: 1m @ 42.19g/t from 296m ASX:
Slide 22: Mapping a large IS Epithermal system
Mapping a large IS Epithermal system Intermediate Sulphidation Epithermal Grades improving at depth with increasing potassic alteration SPRCD062: 592.6m – Patchy and veinlet associated quartz + pyrite ± chalcopyrite with pervasive k-feldspar + chlorite alteration, 4.45g/t Au System has potential for
Slide 23: Style of Mineralisation & Alteration
Style of Mineralisation & Alteration Multiphase Hydrothermal Events Spur SPD013 Consols SPD015 157-158m 503-504m 5.88g/t Au 3.31g/t Au Quartz carbonate Quartz carbonate pyrite veinlets pyrite veinlets with k- feldspar 23 Spur SPD012 Consols SPD027 275.9-276.3m 701-702m 19.81g/t Au 120g/t Au Sheared
Slide 24: Geometallurgy Confirms High Gold Recoveries at Spur
Sample: SPRCD037 – 436m (Spur) Sample Scan Geometallurgy Confirms High Gold Recoveries at Spur Results suggest simple, conventional Mineral map from micro-XRF scan process pathway for Spur Geometallurgical Results • High gold recoveries of over 90% (90-97%) by gravity and conventional leaching Miner
Slide 25: 2026 - Growth & Discovery Drilling Underway at Spur Gold Project
2026 - Growth & Discovery Drilling Underway at Spur Gold Project Targeting Resource Growth & New Discoveries Growth & discovery drilling underway • 80,000-metre drilling program in 2026 • 10 drill rigs active Targeting & scope • Multiple rigs targeting shallow, near-surface 25 mineralisation, and de
Slide 26: We are working to unlock Australia's Next Multi-Million Ounce Gold District
“ We are working to unlock Australia’s 26 Next Multi-Million Ounce Gold District Dr. Andrew Stewart, Executive Chairman ASX:WTM
Slide 27: Investment Summary: Exploration Upside
Investment Summary Unlocking Australia’s Next Multi Million Ounce Gold District Rare tenure opportunity Only 11% of 50 sq Cargo Mining Common could Exploration km trend tested facilitate rapid permitting Upside System extension could double resource potential with drilling Investor appeal Tight stru
Slide 28: Disclaimer, Compliance & Cautionary Statements
Disclaimer, Compliance & Cautionary Statements Forward Looking Statements This announcement contains “forward-looking statements” within the meaning of securities laws of applicable jurisdictions. Forward-looking statements can generally be identified by the use of forward-looking words such as “may
Slide 29: References
References ▪ ASX WTM 23 January 2024 Spur drilling commences ▪ ASX WTM 10 April 2024 Epithermal and Porphyry Skarn Gold at Spur ▪ Alkane 2023, Resource and Reserve Statement FY23, 13 September 2023 ▪ ASX WTM 24 May 2024 ANT Results ▪ ASX WTM 17 June 2024 Outstanding gold results from Spur East ▪ Blu
Slide 30: Contact Us
Contact Us Andrew Stewart Executive Chair E: info@waratahminerals.com W: waratahminerals.com ASX:WTM waratahminerals.com