Western Mines Group Ltd · ASX:WMG
Western Mines — Investor Presentation (July 2021)
21 slides from Western Mines's investor presentation, Jul 26, 2021
Slide 1: Western Mines Group: Exploration Ramping Up
For personal use only WESTERN MINES GROUP EXPLORATION RAMPING UP @westernmines JULY 2021 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: Investment Highlights
INVESTMENT HIGHLIGHTS For personal use only WMG is… Focused on max return per $… Offering exposure to… 10x “An exploration driven company Efficient, high-impact exploration, boots on the ground, process driven approach Au Gold and battery metal investment themes, with a looking to create value through
Slide 4: Company Overview
COMPANY OVERVIEW For personal use only Well funded $5.5m cash | Low EV $2.8m | Very tightly held Directors and Management (24month escrow) Western Mines Group Ltd ASX:WMG 8.0% Other Shareholders All Other Shareholders (24month escrow) Shares Outstanding 43,800,001 (No escrow) 10.4% Share Price (23/0
Slide 5: 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
Slide 6: Projects
PROJECTS For personal use only Au and 8 Projects High-impact Ni-Cu-PGE 3 Priority exploration focus Mulga Tank (Ni-Cu-PGE) • Major dunite intrusive and key portion of the under-explored Minigwal Greenstone Belt, significant evidence for a working Ni-Cu-PGE sulphide mineral system Melita (Au) • Betwe
Slide 7: Exploration Ramping Up
EXPLORATION RAMPING UP For personal use only Work starting across the exploration portfolio… June July August September October November Mulga Tank Mulga Tank Mulga Tank Mulga Tank Mulga Tank Mulga Tank Gravity survey Gravity processing MLEM survey Data processing Targeting work Diamond drilling Mel
Slide 8: Mulga Tank (Ni-Cu-PGE, Au)
MULGA TANK (Ni-Cu-PGE, Au) For personal use only WMG’s flagship project… • Under-explored Minigwal Greenstone Belt • WMG holds the key - entire Mulga Tank Dunite Intrusive • Northern part of belt held by Duketon Mining (ASX:DKM) • Mulga Tank Dunite covers approximately 29km2 - similar area to Kambal
Slide 9: Mulga Tank: A working Ni-Cu-PGE sulphide mineral system
MULGA TANK (Ni-Cu-PGE, Au) For personal use only A working Ni-Cu-PGE sulphide mineral system… Two critical factors in Ni-Cu-PGE exploration: 1. Disseminated Ni-Cu-PGE Mineralisation Target: Conductor 1 Magma must reach sulphur saturation to precipitate Chemistry Hole: MTD004 magmatic sulphide minera
Slide 10: Mulga Tank: Multiple untested coincident anomalies
MULGA TANK (Ni-Cu-PGE, Au) For personal use only Multiple untested coincident anomalies… • Building on historical ~$2 Million dataset • Recently completed high-resolution ground gravity survey giving complete 200m x 200m coverage over ~46km2 • Completed MLEM planning = survey commencing end July/ear
Slide 11: Melita (Au, Cu-Pb-Zn)
MELITA (Au, Cu-Pb-Zn) For personal use only In the heart of the Goldfields… • Norseman-Wiluna Greenstone Belt 20km from Leonora - primetime Goldfields • Surrounded by Niagara, Kookynie, Orient Well mining centres • Neighbouring Genesis Minerals (ASX:GMD) Ulysses Gold Project 1.61Moz @ 1.8g/t Au • Hi
Slide 12: Melita (Au, Cu-Pb-Zn)
MELITA (Au, Cu-Pb-Zn) For personal use only ASX:WMG Western Mines Group Presentation, July 2021 12
Slide 13: Jasper Hill (Au)
JASPER HILL (Au) For personal use only Chasing mineralised trends from neighbouring mines… • Under-explored Merolia Greenstone Belt 90km southeast of Laverton • Shallow cover and area held by private operators has hindered exploration • Historical Lord Byron and Fish Gold Mines - trucked to Granny S
Slide 14: Rock of Ages (Au)
ROCK OF AGES (Au) For personal use only Extensive shallow high-grade workings… • Laverton Greenstone Belt - 4.5km south of Burtville Mining Centre (ASX:FML) • Shallow historical mine workings over 450m strike • Historical production 2,074oz @ 50g/t Au (1902-1911) • Associated with quartz veining and
Slide 15: Other Projects
OTHER PROJECTS For personal use only Significant pipeline of projects offering continuous news flow… Youanmi (Au) Ground mag survey, litho- • Two tenements on the Youanmi Shear, close to Youanmi Gold Mine structural interpretation, • Targeting high-grade gold analogous to recent Grace (ASX:RXL) and
Slide 16: Appendix
For personal use only WESTERN MINES GROUP APPENDIX @westernmines westernmines Western Mines Group ASX: WMG www.westernmines.com.au
Slide 17: Youanmi (Au)
YOUANMI (Au) For personal use only Looking for high-grade gold along Youanmi Shear… • Two tenements on the Youanmi Shear, within 7km of Youanmi Gold Mine • Targeting high-grade gold under shallow cover • Recent Grace (ASX:RXL) and Penny North (ASX:RMS) discoveries have reenergised the region - new t
Slide 18: Pavarotti (Ni-Cu-PGE)
PAVAROTTI (Ni-Cu-PGE) For personal use only Numerous under-explored Ni-Cu-PGE gossans… • Ultramafic sequence at base of Koolyanobbing Greenstone Belt • Historically explored by BHP and WSA • 7.5km strike of target horizon across 2 tenements • Pavarotti and Jock’s Fury Ni-Cu-PGE gossans within WMG te
Slide 19: Broken Hill Bore (Au)
BROKEN HILL BORE (Au) For personal use only Extension of high-grade workings … • Eastern Goldfields near Edjudina Gold Camp • Historical Broken Hill workings exercised from tenement (P31/2131) • Recorded production 291.5oz @ 26g/t Au (1902-04) • Mineralisation associated with quartz veining and brec
Slide 20: Pinyalling (Au)
PINYALLING (Au) For personal use only Greenfield opportunity between two mining centres… • Located between Paynes Find and Pinyalling Mining Centres • Large tenement covering conceptual extension of Warriedar Fold Belt and Yalgoo-Singleton Greenstone Belt • Very little historical exploration • Green
Slide 21: Contact
CONTACT For personal use only For further information please contact: Dr Caedmon Marriott Managing Director Western Mines Group Ltd Email: contact@westernmines.com.au Tel: +61 475 116 798 Follow us at: @westernmines westernmines Western Mines Group This announcement has been authorised for release t
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