Win Metals Ltd · ASX:WIN
Win Metals — Widgie Nickel — RIU Explorers Conference 2023
17 slides from Win Metals's conference presentation, Feb 14, 2023
Slide 1: RIU Explorers Conference
For personal use only RIU Explorers Conference Fremantle 14 February 2023 Mt Edwards Headframe (c1976) www.widgienickel.com.au Picture: Jim Reeve
Slide 2: Important Notice & Disclaimer
Important Notice & Disclaimer This presentation has been prepared by Widgie Nickel Limited (“WIN” or the “Company”) to assist in informing interested parties about the Company. It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an i
Slide 3: Widgie Nickel - Value Proposition
Widgie Nickel - Value Proposition A clear pathway for Mt Edwards to return to production, with significant additional upside across multiple critical minerals For personal use only Further nickel production Nickel production potential opportunity in sight - Widgie South preliminary - Armstrong Mine
Slide 4: Widgie Nickel - Value Proposition
Widgie Nickel - Value Proposition In the heart of a tier-1 jurisdiction for both nickel and lithium endowments For personal use only 240 sq.km granted mining tenure Already established nickel resource base of 168,000t Ni Infrastructure rich part of the Goldfields Nickel and Lithium mining region Nea
Slide 5: Corporate Summary
Corporate Summary Board & Management Share Price For personal use only 70 8,000 60 7,000 Andrew Parker 6,000 Trading Volume ($000) Steve Norregaard Non-Executive Chair - Corporate / Legal 50 Shareprice (Cents) Andrew holds a Bachelor of Laws (LLB) degree from the Managing Director and CEO - Mining E
Slide 6: The Nickel Endowment
The Nickel Endowment Unique attributes - 12 separate deposits to drive value For personal use only Indicated Inferred TOTAL Mineral Resources Deposit Tonnes Nickel Tonnes Nickel Tonnes Nickel Nickel (kt) (%) (kt) (%) (kt) (%) Tonnes 132N 34 2.9 426 1.9 460 2.0 9,050 Armstrong 630 1.8 15 4.7 645 1.9
Slide 7: Widgie South- Gillett Resource Upgrade
Widgie South- Gillett Resource Upgrade For personal use only Key Facts 915kt @1.6% Ni in indicated of total resource of 1.56mt @ 1.5% Ni Material presence of important by-products, low levels of arsenic, good Fe:MgO With increased resource confidence mining Mineral Resource Ni Co Cu Fe Mg Pd Pt S As
Slide 8: Exploration Success - Widgie South
Exploration Success - Widgie South Opportunity for resource growth after excellent exploration success from recent drilling For personal use only 8
Slide 9: Armstrong - First Cab Off the Rank With a Clear Pathway to Production
Armstrong - First Cab Off the Rank With a Clear Pathway to Production A high-grade deposit in the heart of Mt Edwards Key Facts For personal use only • Armstrong is a key deposit of the Widgie Nickel portfolio being the most advanced 2 4 providing an ideal 1 3 standalone mining opportunity • 2003-20
Slide 10: Armstrong– Major advances made towards mining
Armstrong– Major advances made towards mining Scoping study and resource upgrade. Pivotal step towards self funding aspirations For personal use only Two mining methods considered Top Down Open stoping 500kt @1.9% Bottom Up with fill 560kt @1.9% FCF @ $22,000/0.63USD/AUD $67- 69M, max drawdown $20.3
Slide 11: Armstrong Feasibility Program
Armstrong Feasibility Program Tracking well for early completion For personal use only Dewatering progress adhering to plan, portal position now exposed Metallurgical test work positive with further reiteration of float testing underway, enhancements expected leading to improved outcomes. Key commen
Slide 12: High-Grade Lithium Discovery- Faraday
High-Grade Lithium Discovery- Faraday Multiple high-grade lithium bearing pegmatites unlocks another avenue of growth For personal use only • Rock chip • Initial discovery sampling at the announced 3 Faraday October 2022, prospect immediately identified high- • Multiple high- converted to grade lith
Slide 13: Faraday Outcrop Faraday Resource
Faraday Outcrop Faraday Resource- T+5 mths For personal use only 13
Slide 14: Faraday Drill Results
Faraday Drill Results For personal use only 14
Slide 15: Faraday - a fast tracked work program
Faraday - a fast tracked work program Multiple work fronts with momentum established For personal use only • Infill/Extensional drilling completed to grade control density & exploration footprint expanded, resource evaluation under way • Metallurgical testing- HMS upgrade testwork (5-variability) &
Slide 16: The on-ground activity continues…2023
The on-ground activity continues…2023 For personal use only Infill drilling & exploration to continue: NICKELITHIUM .. singular focus Armstrong to be development ready, if not under development- NICKEL Widgie South preliminary technical evaluation to be undertaken- NICKEL Faraday resource and Voyage
Slide 17: Highlights
Highlights For personal use only 100% owned Mt Edwards Project – Strategically positioned next to major infrastructure ~240km2 tenements covering the highly (road, rail, energy & water) & processing hubs prospective Widgiemooltha Dome Significant Mineral Resources 10.684Mt at 1.60% Ni for 168 kt of