Western Mines Group Ltd · ASX:WMG
Western Mines — Investor Presentation (November 2022)
14 slides from Western Mines's investor presentation, Nov 3, 2022
Slide 1: Western Mines Group: Exploring a Major Komatiite Nickel System Undercover
For personal use only WESTERN MINES GROUP EXPLORING A MAJOR KOMATIITE NICKEL SYSTEM UNDERCOVER NOVEMBER 2022 @westernmines westernmines Western Mines Group ASX: WMG www.westernmines.com.au
Slide 2: Disclaimer
DISCLAIMER For personal use only NATURE OF THIS DOCUMENT This presentation has been prepared by Western Mines Group Limited ACN 640 738 834 (Company). The information is based on publicly available information, internally developed data and other sources. By receiving this presentation, you acknowle
Slide 3: Company Overview
COMPANY OVERVIEW 10x For personal use only WESTERN MINES GROUP “An exploration driven company • High-impact exploration focused on Ni-Cu-PGE and Au looking to create value through • 8 projects all located in Western Australia discovery” • Multiple “company making” opportunities - 2 current priority
Slide 4: Mulga Tank (Ni-Cu-PGE): World Class Nickel Province
MULGA TANK (Ni-Cu-PGE) For personal use only WORLD CLASS NICKEL PROVINCE • Western Australia’s Yilgarn Craton one of the world’s major nickel provinces • World-class examples of komatiite-hosted Ni-Cu-PGE deposits – Kambalda (35Mt @ 3.1% Ni), Perseverance (50Mt @ 2.3% Ni) and Mt Keith (643.7Mt @ 0.5
Slide 5: Belt Scale Opportunity
BELT SCALE OPPORTUNITY For personal use only POTENTIAL MAJOR KOMATIITE NICKEL SYSTEM UNDER COVER • Minigwal Greenstone Belt and Mulga Tank Ultramafic Complex under explored due to ~60m sand cover • Limited diamond drilling has penetrated ultramafic system - nearly all holes show komatiite/dunite hos
Slide 6: Systematic Exploration Approach
SYSTEMATIC EXPLORATION APPROACH For personal use only VECTORING TOWARDS NICKEL MINERALISATION • Building a robust exploration model for the discovery of nickel sulphide deposits • Combined geophysical, geological and geochemical vectoring • Historical datasets (magnetics, EM, HeliSAM, DHEM, pXRF, so
Slide 7: Phase 1 Diamond Drilling
PHASE 1 DIAMOND DRILLING For personal use only VISIBLE NICKEL SULPHIDES IN SIX OUT OF TEN HOLES • Phase 1 drilling program April to July 2022 – 10 holes for 3,990m • Tested a range of geological and geophysical targets HoleID Target Description Testing western margin of the intrusion between holes M
Slide 8: Western Margin: Remobilised Nickel Sulphide Veining
WESTERN MARGIN For personal use only REMOBILISED NICKEL SULPHIDE VEINING • Holes MTD012 and MTD013 tested up dip of major W Conductor EM anomaly • Multiple zones of remobilised visible nickel sulphide veins • Hole MTD012: 0.5m at 1.49% Ni, 0.04% Cu and 0.04% Co from 385.8m • Holes MTD013: 1.6m at 0.
Slide 9: Panhandle: Komatiite Channel with Nickel Sulphides
PANHANDLE For personal use only KOMATIITE CHANNEL WITH NICKEL SULPHIDES • Panhandle feature interpreted komatiite channel extending NW – Type 1 Kambalda-stye • Historical MTD006: 0.25m at 3.80% Ni, 0.7% Cu and 0.7g/t PGE from 385.8m • Holes MTD016: 0.9m at 1.06% Ni, 0.06% Cu and 0.05g/t Pt+Pd from 2
Slide 10: Mulga Tank Dunite: Disseminated Sulphides over >300m
MULGA TANK DUNITE For personal use only DISSEMINATED SULPHIDES OVER >300M • Hole MTD020 intersected >300m of disseminated magmatic sulphides within high MgO adcumulate dunite • Sulphides coalesce into interstitial blebs towards base of unit • Clear indication of major magmatic sulphide mineral syste
Slide 11: Chasing Major Deposits
CHASING MAJOR DEPOSITS For personal use only EVIDENCE OF LARGE-SCALE WORKING SYSTEM • Successful EIS award of $220,000 towards two deep diamond holes • Aim to capture complete cross-section of the dunite intrusion • Meso-adcumulate dunite body of comparable size/scale to Perseverance and Mt Keith •
Slide 12: Phase 2 Diamond Drilling
PHASE 2 DIAMOND DRILLING For personal use only FOLLOW-UP PROGRAM COMMENCING IN NOVEMBER • Phase 2 ~5,000m diamond program • 2 deep EIS holes TYPE 1 MASSIVE SULPHIDE TARGETS • DHEM multiple high conductance offhole anomalies • Remobilised sulphide veins and W Conductor TYPE 2 DISSEMINATED SULPHIDE TA
Slide 13: Summary: Exciting Discovery Opportunity
SUMMARY For personal use only EXCITING DISCOVERY OPPORTUNITY • Exposure to Ni-Cu-PGE and Au with all projects located in Western Australia • High-impact drilling program at Mulga Tank – unlocking major komatiite Ni-Cu-PGE system under cover • Significant news flow over the next 3-4 months • Highly l
Slide 14: Directors
DIRECTORS For personal use only Rex Turkington Non-Executive Chairman Capital Markets | Corporate Management Rex is a highly experienced corporate advisor and economist who has worked extensively in the Australian financial services and stockbroking industry, specialising in the natural resources se
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