Westar Resources Ltd. · ASX:WSR
Westar Resources — Investor Presentation (December 2020)
23 slides from Westar Resources's investor presentation, December 2020
Slide 1: Exploring for high grade gold in Western Australia
Exploring for high grade gold in Western Australia Investor Presentation December 2020
Slide 2: Disclaimer
Disclaimer Westar Resources Ltd ACN 615 635 982 (WSR/Company) is the issuer of this presentation (Presentation). Forward Looking Statements This Presentation may include statements that could be deemed “forward-looking statements”. Although the Company believes the expectations expressed in such for
Slide 3: Investment Highlights
Investment Highlights 2020 gold nugget discoveries from prospectors on Westar leases (50c coin for comparison) 3
Slide 4: Corporate Snapshot
Corporate Snapshot Capital Structure Board of Directors Key Information Managing Director & CEO | Karl Jupp BappSc (Hons), GradDip(Bus), MAIG, MAusIMM Share Price (IPO Price) 0.200 A Geologist with over 20 years’ technical and leadership experience in the Australian and international mineral resourc
Slide 5: High Grade Gold Portfolio in WA
High Grade Gold Portfolio in WA SANDSTONE PROJECTS (256KM2) • Limited modern exploration & drilling along the Western margin of the Gum Creek Greenstone Belt, including along strike from historic workings and mines • Untested geochemical & geophysical drilling targets MOUNT MAGNET PROJECTS (224KM2)
Slide 6: Exploration Rationale
Exploration Rationale Enhance asset development and $2m over value proposition 3 years Ramelius with strategic Resources partners Parker Dome Mt Finnerty Value accretion through rapid Winjangoo exploration on focal assets Gidgee Gidgee S moving quickly North through stage gates Coolaloo Maintain a p
Slide 7: Sandstone Projects
Sandstone Projects 7
Slide 8: Sandstone Projects (100% Owned)
Sandstone Projects (100% Owned) GIDGEE NORTH & GIDGEE SOUTH PROJECTS (256KM2) Very limited modern exploration and drilling along the Western margin of the Gum Creek greenstone belt, including along strike from historical mines and workings GIDGEE SOUTH PROJECT: Target 1 (Birrigrin Trend): The northw
Slide 9: Gidgee South Project (100% Owned)
Gidgee South Project (100% Owned) GIDGEE SOUTH PROJECT Coherent gold-in-soil anomaly with only minor drilling & < 15m depth Numerous historical workings mapped along a greenstone/granite contact High-resolution aeromagnetic survey completed, with data processing, interpretation & target refinement e
Slide 10: Gidgee North Project (100% Owned)
Gidgee North Project (100% Owned) GIDGEE NORTH PROJECT • Untested geochemical & geophysical targets • Geochemical anomalies occur over mapped basalts hosting porphyry dykes • Very limited drill testing with only shallow holes • Areas of colluvial cover masking bedrock targets at depth as evidenced b
Slide 11: Mount Magnet Projects
Mount Magnet Projects 11
Slide 12: Mount Magnet Projects (100% Owned)
Mount Magnet Projects (100% Owned) WINJANGOO & COOLALOO PROJECTS (224KM2) • Historically, the Mt Magnet district has produced approximately 6 Million ounces of gold • Huge potential for deeper systems as typified by Ramelius Resources, operators of the Mt Magnet Gold Mine • Geology is the north-sout
Slide 13: Winjangoo (100% Owned)
Winjangoo (100% Owned) WINJANGOO • Mineralisation targets relate to secondary structures and splays adjacent to regional scale thrust- fault zones, often associated with large outcropping quartz blows in a mixed mafic-felsic-granite sequence • Limited modern exploration over the project area as prev
Slide 14: Coolaloo (100% Owned)
Coolaloo (100% Owned) COOLALOO • Geological reconnaissance and airborne geophysics indicate faulted, buried Archean greenstones co-incident with previous MMI (Mobile Metal Ion) soil anomalies that remain untested • A buried BIF (Banded Iron Formation) with off-set fault structures is akin to potenti
Slide 15: Southern Cross Projects
Southern Cross Projects 15
Slide 16: Southern Cross Projects
Southern Cross Projects RAMELIUS RESOURCES FARM-IN / JOINT VENTURE • Within 36 months Ramelius Resources to spend $2M on Westar Project areas (Mt Finnerty and Parker Dome) to initiate a 75%/25% JV • Once JV is initiated, Westar will hold a free carried 25% interest until a Decision to Mine MT FINNER
Slide 17: Mt Finnerty Project (Farm-In/Joint Venture)
Mt Finnerty Project (Farm-In/Joint Venture) MT FINNERTY PROJECT • The Mt Finnerty Project has several prospects over 3km of known mineralisation along 8km of greenstone strike • Westar has extracted and remodelled historical data including assays of: • 9m @ 98.2 g/t Au (MF023) • 24m @ 3.68 g/t Au (M
Slide 18: Parker Dome Project (Farm-In/Joint Venture)
Parker Dome Project (Farm-In/Joint Venture) PARKER DOME PROJECT • Gold anomaly 600m x 200m in dimension with shallow drilling (<12m) including 3.62g/t, 1g/t and 0.86g/t Au • Two additional +30ppb Au soil anomalies with a peak of 138ppb Au and are 1km x 500m and 800m x 350m with no drilling • Potenti
Slide 19: Pilbara Projects
Pilbara Projects 19
Slide 20: Nullagine – Opaline Well (100% Owned)
Nullagine – Opaline Well (100% Owned) NULLAGINE • 67km2 landholding 40km west of Nullagine in the Pilbara Craton • Historical rock chip samples in the Project area include 6.32 g/t, 7.95 g/t, 13.7 g/t, 13.22 g/t, 17.0 g/t, 20.5g/t, 44.6 g/t & 200g/t Au • Historical rock chip anomaly by Great Souther
Slide 21: Exploration Timeline
Westar Resources Exploration Timeline 21
Slide 22: Indicative Exploration Timeline
Indicative Exploration Timeline Strong news flow from parallel exploration programs across 100% owned and JV projects 2020 2021 Q4 Q1 Q2 Sandstone (100% Owned) Gidgee South Project Geochemistry study, airborne geophysics and reconnaissance aircore drilling Geophysical processing and interpretations,
Slide 23: Contact
Contact Karl Jupp Managing Director Westar Resources Ltd E: kjupp@westar.net.au
Westar Resources — Investor Presentation (December 2020) on 6ix