Waratah Minerals Limited · ASX:WTM
Waratah Minerals — Investor Presentation (September 2024)
17 slides from Waratah Minerals's investor presentation, Sep 27, 2024
Slide 1: Investor Presentation
INVESTOR PRESENTATION Emerging epithermal-porphyry gold-copper discovery in the East Lachlan 27 SEPTEMBER 2024 Peter Duerden ASX: WTM Managing Director OTC: BTRYF
Slide 2: Investment Highlights
INVESTMENT HIGHLIGHTS Discovery Strategy Opens Near Term High-Value Gold-Copper Well Funded With New Search Space Value Catalysts Targets Focus Supportive Register - wallrock / intrusive - active drilling inc. - Tier 1 epithermal – porphyry - strong macro - tight structure, complex margin setting -
Slide 3: Corporate Overview
CORPORATE OVERVIEW Board of Directors Peter Duerden Capital Structure Managing Director Shares on Issue (ASX Code: WTM) 189M Peter Duerden has over 20 years’ experience in the mining and exploration industry working across a range of commodities and deposit styles. He has a track record of Board and
Slide 4: Why Macquarie Arc / East Lachlan?
WHY MACQUARIE ARC / EAST LACHLAN? Home of Giant Mineral Systems • Home to Australia’s premier gold-copper porphyry district including Tier 1 gold-copper mine at Cadia Valley (ASX:NEM, FY23 - 600koz @ $45 AISC) • Significant recent investment by majors, ~$300m in JVs in 12 months • Ongoing discovery
Slide 5: Spur Project - Deploying a New Discovery Strategy
SPUR PROJECT - Deploying a New Discovery Strategy 1) - Targeting Wallrock Epithermal-Porphyry Gold-Copper • Historic porphyry exploration in the belt has targeted intrusion-hosted mineralisation, i.e. drill the mag high, however most high value deposits are wallrock-hosted, outside main intrusive co
Slide 6: Spur Project – Next Door to a Giant
SPUR PROJECT – Next Door to a Giant SPUR (ASX:WTM) CADIA VALLEY (ASX:NEM) Tier 1 Cadia Valley Gold-Copper Project (ASX:NEM) • Location – 5 km west of Cadia Valley Project (Alkalic Au- Cu Porphyry, >50Moz / 9.5Mt Cu, ASX:NEM1) • Dominantly ‘wallrock’ systems / outside early intrusive complex SPU • Fe
Slide 7: Spur Project – The epithermal-porphyry link
SPUR PROJECT – The epithermal-porphyry link SPUR (ASX:WTM) COWAL GOLD CORRIDOR (ASX:EVL) Strong similarities with Cowal Gold Corridor (ASX:EVN) E46 GRE46 • Cowal (ASX:EVL, > 11Mozs Au) - early hematite-albite porphyry alteration with late epithermal veining (E41, Zukowski et al, 2014) • Similar earl
Slide 8: Spur Project - Early-stage porphyry gold-copper
SPUR PROJECT- Early-stage porphyry gold-copper EARLY STAGE ALKALIC PORPHYRY (Upper Level) Targeting Epithermal-Porphyry Gold-Copper • Early-stage alkalic porphyry alteration (Gold-Copper): o ‘Red-rock’ hematite (inner-propylitic) o Epidote + pyrite ± magnetite ± hematite skarn o Stratabound K-feldsp
Slide 9: Spur Project - Late-stage epithermal gold
SPUR PROJECT- Late-stage epithermal gold LATE STAGE EPITHERMAL (Upper Level) Targeting Epithermal-Porphyry Gold-Copper ▪ Late-stage Epithermal (Gold): o - Quartz + magnetite + pyrite ± chalcopyrite veins o - Pyrite ± Pyrrhotite ± chalcopyrite veins / stringers / disseminated o - 86m @ 1.56g/t Au, 53
Slide 10: Spur Project – Strong Exploration Results
SPUR PROJECT – Strong Exploration Results ASX WTM 17 June 2024, ASX WTM 2 July 2024, ASX WTM 30 July 2024, ASX WTM 24 September 2024 10
Slide 11: Spur Project - ANT Geophysics defines large scale potential
SPUR PROJECT- ANT Geophysics defines large scale potential Defining margins of intrusive complexes = priority target zones GUM FLAT DALCOATH SPUR ESSEX-CONSOLS WEST 22m @ 1.92 g/t Au from ▪ Ambient Noise Tomography (ANT) geophysics has 11m 62m @ 0.48 g/t Au from defined multiple additional large int
Slide 12: Spur Project - ANT Geophysics defines large scale potential
SPUR PROJECT- ANT Geophysics defines large scale potential Highlighting large scale potential in 3D Spur • Ambient Noise Tomography (ANT) geophysics has Prospect defined multiple additional large intrusive-porphyry target zones, define margins at high res to >1km Spur W Intrusive- • Dataset extends
Slide 13: Ramping Up Activity and Newsflow
RAMPING UP ACTIVITY AND NEWSFLOW ACTIVITY SUMMARY Discovery Gold - Copper ACTIVITY DEC QTR MARCH QTR JUNE QTR Drilling – RC/DD Discovery SPUR PROJECT Relogging historic Copper - Nickel Target Definition, inc. geochem, geophys Research - CODES Investment Graphite Target Definition, inc. geochem, geop
Slide 14: Investment Case
INVESTMENT CASE Discovery Strategy Opens New Search Space • wallrock / intrusive complex margin setting (wallrock-style epithermal-porphyry) • link between epithermal and porphyry mineralisation Near Term Value Catalysts • active drilling inc. - 89m @ 1.73g/t Au, 0.08% Cu from 115m (SPRC007) - 11m @
Slide 15: References
REFERENCES ▪ Newcrest 2021, Newcrest agrees to acquire Pretium Resources Mining, ASX, 9 November 2021 ▪ Alkane 2023., Resource and Reserve Statement FY23, 13 September 2023 ▪ Newmont 2023, Mining Annual Mineral Resources and Ore Reserves Statement, ▪ CMOC 2023., China Molybdenum Company Limited, 202
Slide 16: Disclaimer – Important Information
DISCLAIMER – IMPORTANT INFORMATION Forward Looking Statements This announcement contains “forward-looking statements” within the meaning of securities laws of applicable Waratah Minerals confirms that it is not aware of any new information or data that materially affects the information jurisdiction
Slide 17: Contact us
Contact us Peter Duerden Managing Director info@waratahminerals.com P: +61 8 6148 1000 www.waratahminerals.com ASX: WTM OTC: BTRYF
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