Win Metals Ltd · ASX:WIN
Win Metals — Widgie Nickel — RIU Explorers Conference 2024
15 slides from Win Metals's conference presentation, Feb 14, 2024
Slide 1: Critical Minerals for a Cleaner Future
ASX: WIN For personal use only RIU Explorers Conference - Fremantle Critical Minerals for a Cleaner Future 14 February 2024 WIDGIENICKEL.COM.AU
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer This presentation has been prepared by Widgie Nickel Limited (“WIN” or the “Company”) to assist in informing interested parties about the No liability For personal use only Company. It should not be considered as an offer or invitation to subscribe for or purchase any
Slide 3: Developing WA Nickel and Lithium
Developing WA Nickel and Lithium For personal use only 240km2 granted mining leases covering the highly prolific Widgiemooltha Dome, with exposure to two critical minerals. Mt Edwards Nickel Project Significant resource, upgraded through drilling now subject to Scoping Study contemplating developmen
Slide 4: Corporate Summary
Corporate Summary WIN $0.042c $12.51M Major Shareholders For personal use only ASX Share Price Market Cap 8 February 2024 Virtue Investments Corp 9.89% Farjoy 5.08% $2.6M 13.3M 297.9M D Reed 4.66% Cash Total Options Shares on Issue TOP 20 40.42% 31 December 2023 and PRs on Issue ASX: WIN 4
Slide 5: Battery Metals Outlook
Battery Metals Outlook Where is the floor for nickel prices? Current price environment is challenging for For personal use only Recent closures for local producers may account for both Lithium and Nickel, however long-term 54kt of mined nickel capacity, or 30% of previously market imbalance remains
Slide 6: 240km2 Widgie Strategic Portfolio
240km2 Widgie Strategic Portfolio For personal use only Mt Edwards Nickel Project (100%) • MRE: 13.16Mt @ 1.45% for 190,300 tonnes Ni • 12 separate nickel sulphide deposits, with 6 MREs subject to a program of ongoing upgrades on Widgie infill drilling • Proven Nickel Production History Tenure hosts
Slide 7: Separate Nickel Deposits Positioned to Drive Value
Mt Edwards Nickel Project 12 Separate Nickel Deposits Positioned to Drive Value • Unique occurrence of 12 deposits on 15 km of prospective strike For personal use only • Strategically significant resource in a region of numerous small deposits with highly fragmented ownership • WIN has drilled 106,0
Slide 8: Standalone Nickel Concentrator
Mt Edwards Nickel Project Standalone Nickel Concentrator Contemplated in Scoping Study For personal use only Significant cost Plant customised First optional step efficiencies due to to Widgie Ores to towards vertical economies of scale maximise value integration Increased payability Minimised Explo
Slide 9: Scoping Study Aim
Mt Edwards Nickel Project Scoping Study Aim Demonstrating life & creating options! For personal use only Scoping study end February 2024 - Important milestone! • Considers only 5 of 12 resources on Widgie’s tenure • Widgie South will cornerstone development, Armstrong and 132N to follow • Flowsheet:
Slide 10: Exploration Upside at Widgie South
Mt Edwards Nickel Project Exploration Upside at Widgie South For personal use only The Widgie South Project Area includes Widgie 3, Gillett and Widgie Townsite (WTS) deposits MRE 6.37Mt at 1.42% Ni for 90,230t of nickel (71% Indicated) Mineralisation remains open at depth with prospective Eastern Li
Slide 11: Faraday-Trainline Lithium Project
Faraday-Trainline Lithium Project Faraday-Trainline Offers Development Optionality • Shovel ready - Mining approvals granted (located on Mining Lease M15/102) Faraday and Trainline Drill Density (red drill collars) with MRE block model For personal use only • Flowsheet development testwork has achie
Slide 12: Faraday-Trainline: Farson Discovery
Faraday-Trainline Lithium Project High grade expansion potential – Farson Discovery • New search area unlocked, 300m south of Kali Metals (ASX:KM1) For personal use only Widgiemooltha Project. • Multiple lithium bearing pegmatites mapped and sampled potentially indicating a stacked pegmatite system.
Slide 13: Widgie is Unlocking Significant Value
Widgie is Unlocking Significant Value across two in-demand Critical Minerals For personal use only Lithium optionality Scoping Study contemplates established shovel ready resource substantive nickel mining operation on granted mining lease. with a standalone concentrator. Growth opportunity Nickel &
Slide 14: For personal use only
For personal use only Level 4, 220 St Georges Tce, Perth, WA 6000 +61 8 63817250 info@widgienickel.com.au ASX: WIN WIDGIENICKEL.COM.AU ASX: WIN WIDGIENICKEL.COM.AU 14
Slide 15: Board & Management
Board & Management Andrew Parker Steve Norregaard For personal use only Non-Executive Chair Managing Director & CEO Andrew holds a Bachelor of Laws (LLB) degree from the Steve is an experienced resources industry executive, University of Western Australia and has significant company director, and mi