Waratah Minerals Limited · ASX:WTM
Waratah Minerals — Shareholder Meeting (May 2025)
22 slides from Waratah Minerals's shareholder meeting presentation, May 28, 2025
Slide 1: AGM Presentation
AGM Presentation 28 May 2025 ASX:WTM
Slide 2: 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 3: Investment Highlights
Creating value for Investment Highlights our stakeholders through discovery Exploring For World-Class Gold-Copper Deposits Creating value for our stakeholders through discovery Azura Project High Calibre Discovery Team Experienced technical team with a track record of discovery Strategic Position in
Slide 4: Corporate Overview
Corporate Overview 12 Month Share Price Performance $0.500 12.0 234M 11.2% $0.325 $0.450 10.0 $0.400 $0.350 Shares on Issue Board and Management Share price 8.0 (ASX Code: WTM) (fully diluted) (27 May 2025) Price (A$/share) $0.300 Volume (m) $76M $9M $0.8M1 $0.250 6.0 $0.200 4.0 $0.150 Market Cash a
Slide 5: Experienced Leadership Team
Experienced Leadership Team Technical team with a track record of discovery 5 Peter Duerden Dr. Andrew Stewart Dr. Darryl Clark Naomi Scott Managing Director Non-Executive Chairman Non-Executive Director Non-Executive Director Geologist and Mining Geologist with over 25 A mining executive with Lawye
Slide 6: Why Macquarie Arc
Why Macquarie Arc Home of World-Class Gold-Copper Deposits Australia’s Premier Porphyry Terrain Hosts world-class gold-copper mines High value gold-rich porphyry & epithermal deposits Majors Investing in Mining and Exploration A$1.6Bn in mining M&A and A$300m in JVs since 20231 6 Newmont, Goldfields
Slide 7: Cadia – Spur District
Cadia – Spur District Strategic Mineral District - Focus of Majors Surrounded by Majors Recent investments by Newmont, Goldfields Strategic land position Untapped Geological Potential Macquarie Arc multi-phase intrusive complexes 7 Key stratigraphic position - Late Ordo-Silurian rocks Limited Modern
Slide 8: Spur Gold – Copper Project
Spur Gold – Copper Project District-scale land position Highly strategic district-scale land position 100% owned large tenure holding Large epithermal-porphyry corridor Multiple Macquarie Arc porphyry-intrusive complexes Numerous porphyry gold-copper and epithermal gold targets, 8 extensive fertile
Slide 9: Spur Gold – Copper District Project History
Spur Gold – Copper District Project History Pre-1970s 1970s/1980s • Historical mining • Porphyry copper potential recognised • 1860s alluvial mining • Anaconda, Billiton, Cyprus Gold • Small shafts and open pits on • Targeting Intrusive-hosted gold veins porphyry setting 2018 1990s - 2016 • Ore Disc
Slide 10: Geological Model
Spur Gold – Copper Project Geological Model Porphyries form in clusters over several kilometres and are vertically extensive Alteration halos occur in distinct zones / strong upper-level sodic signature 10 Epithermal gold overlies porphyry gold- copper - a direct exploration target and indicates pre
Slide 11: Two High Value Targets – Epithermal Gold – Porphyry Cu-Au
Spur Gold – Copper Project Two High Value Targets – Epithermal Gold – Porphyry Cu-Au Rapidly Demonstrating Scale & Grade in Spur Gold Corridor Epithermal Gold now defined along >1km strike, southern margin of Main Intrusive Complex Drilling to understand geometry and extent of the system + acquire m
Slide 12: Extensive Shallow Epithermal Gold at Surface
Spur Gold – Copper Project Extensive Shallow Epithermal Gold at Surface m c SD010 137.5m, Quartz–carbonate/ ankerite–pyrite ± chalcopyrite veins ± tellurides, sub vertical stringers, 124g/t Au, 1% Cu (Epithermal) m c SD010 115.3m, quartz + ankerite + pyrite vein, 3.6g/t Au, 0.2% Cu (Epithermal) m c
Slide 13: Extensive Epithermal Gold at Surface
Spur Gold – Copper Project Extensive Epithermal Gold at Surface Rapidly Demonstrating Scale & Grade 13 ASX:WTM
Slide 14: Copper-Gold Porphyry Connection
Spur Gold – Copper Project Copper-Gold Porphyry Connection cm SPD001 24.2m, hematite + epidote- pyrite skarn, 22m @ 1.92g/t Au from 11m, inc 5m @ 6.69g/t Au (Oxidised Retrograde Skarn) cm SD010 196m, massive kspar + albite + silica + tourmaline alteration + pyrite- chalcopyrite stringers, 2g/t Au, 0
Slide 15: Copper-Gold Porphyry Connection
Spur Gold – Copper Project Copper-Gold Porphyry Connection Porphyry Cu-Au mineralisation intersected at Breccia West - Intermineral magmatic-hydrothermal breccias - Late-stage Cu-Au mineralisation - 84m @ 0.62% CuEq, 0.40% Cu, 0.26g/t Au from 29m (BZD001 - ASX WTM 5 May 2025) o ASX WTM 5 May 2025 15
Slide 16: Breccia West High-Priority Drill Target
Spur Gold – Copper Project Breccia West High-Priority Drill Target - Target intersection of mineralised magmatic-hydrothermal breccia and magnetic anomaly in wallrock position - BZD002 mineralisation associated with potassic magnetite porphyry alteration - 84m @ 0.62% CuEq, 0.40% Cu, 0.26g/t Au from
Slide 17: Breccia West High-Priority Drill Target
Spur Gold – Copper Project Breccia West High-Priority Drill Target - 1 x 600m DDH (BZD003) - Targeting intersection of mineralised magmatic-hydrothermal breccia and magnetic anomaly in wallrock position - Along strike from: - 196m @ 0.54% CuEq, 0.35% Cu, 0.23g/t Au from 1m - inc. 84m @ 0.62% CuEq, 0
Slide 18: Exploration Criteria
Spur Gold – Copper Project EXPLORATION CRITERIA Cadia Valley ASX:NEM Spur Project ASX:WTM Macquarie Arc Tier 1 Analogues East Lachlan - Macquarie Arc - Central Molong Belt Margin of major multiphase intrusive complex Equivalent stratigraphic position in Late Ordovician-Silurian rocks ksp
Slide 19: Ramping up Activity and Newsflow
Ramping up Activity and Newsflow ACTIVITIES JUNE QTR SEPT QTR DEC QTR Drilling – RC/DD 19 Discovery Relogging historic Spur Gold Target Definition, Copper Project inc. geochem, geophys Research - CODES Discovery Target Definition, Stawell inc. geochem, geophys Gold Project Drilling - RC Investment A
Slide 20: A World Class Discovery Opportunity in the Making
A World Class Discovery Opportunity in the Making People: proven team of explorationists Project: strategic position in a world-class gold-copper province Exploration strategy delivering discovery events: ‘Proof of Concept’ 20 achieved - explore margins of fertile intrusive complexes Well funded - S
Slide 21: References
References ▪ Alkane 2023, Resource and Reserve Statement FY23, 13 September 2023 ▪ Newcrest 2021, Newcrest agrees to acquire Pretium Resources Mining, ASX, 9 November 2021 ▪ Blue Ocean Equities 2024., Research Note, 8 October 2024 ▪ Newmont 2023, Mining Annual Mineral Resources and Ore Reserves ▪ CM
Slide 22: Contact Us
Contact Us Peter Duerden Managing Director info@waratahminerals.com P: +61 8 6148 1000 www.waratahminerals.com ASX:WTM