Win Metals Ltd · ASX:WIN
Win Metals — Widgie Nickel — Australian Nickel Conference 2021
30 slides from Win Metals's conference presentation, Oct 5, 2021
Slide 1: Australian Nickel Conference Presentation
For personal use only Australian Nickel Conference Presentation October 2021 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
Slide 3: Widgie Nickel Overview
For personal use only Widgie Nickel Overview 132N Deposit
Slide 4: Investment Highlights
Investment 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 Experienced & dedicated
Slide 5: Widgie Nickel – Strategy
Widgie Nickel – Strategy Aiming to be production ready for end of 2023 For personal use only Aiming to be production ready in 2 years, and well funded with circa $23.7 million post listing • Project has been significantly advanced within Neometals • Undertake work programs designed to increase resou
Slide 6: Value Proposition – Widgie Nickel
Value Proposition – Widgie Nickel Tier one jurisdiction and infrastructure support focus on returning Mt Edwards to production For personal use only Widgie presents investors with a compelling opportunity to gain exposure to the clean energy future Ability to leverage off a large nickel sulphide res
Slide 7: Widgie Nickel – Nickel Sulphide Peer Comparison
Widgie Nickel – Nickel Sulphide Peer Comparison Widgie’s Enterprise Value per Nickel tonne compares favourably with ASX listed peers For personal use only 450 3,000 2,756 395 kt Ni 400 2,500 350 EV / Metal t (A$/t Contained Ni) 300 1,840 2,000 Contained Metal (kt Ni) 250 210 kt Ni 1,500 200 196 kt N
Slide 8: Board and Management
Board and Management 33 Experienced & dedicated team with relevant nickel exploration and production track record For personal use only Andrew Parker Steve Norregaard Felicity Repacholi-Muir Scott Perry Graeme Scott Non-Executive Chair Managing Director and CEO Non-Executive Director Non-Executive D
Slide 9: Widgie Capital Structure
Widgie Capital Structure Widgie is well funded to pursue development strategy For personal use only Company Overview Share on Issue 250.1 million Current Share Price (4/10/21) $0.22 Market Cap (4/10/21) $54 million IPO Price $0.20 Pro Forma cash at listing $23.7 million Total Options on Issue 9.5 mi
Slide 10: The Endowment
The Endowment Widgie provides the 11 deposits the independent funding and management resources they deserve For personal use only Indicated Inferred Total Resources Tonnes Grade Tonnes Grade Tonnes Grade Contained Deposit (kt) (% Ni) (kt) (% Ni) (kt) (% Ni) (t Ni) Widgie 3 626 1.5 626 1.5 9,160 Gill
Slide 11: Mt Edwards Regional History
Mt Edwards Regional History Historically produced 31,000 Nickel Tonnes across 4 mines from 1980 to 2008 For personal use only Prior to Neometals Acquisition First significant Nickel discovery was Mt Edwards (26N) by INAL (International Nickel Australia Ltd) in November 1967 Historical Nickel product
Slide 12: Widgie South- Base Load
Widgie South- Base Load Widgie Townsite, Gillett and Widgie 3 comprises ~44% of the current Mt Edwards Mineral Resource For personal use only Widgie Townsite Mineral Resource of 2.48Mt @ 1.6% Ni for 39.3kt Ni Widgie 3 & Gillett Mineral Resource of 1.93Mt @ 1.6% Ni for 31.7kt Ni Located on Mining Lea
Slide 13: Higher Grade Satellite - Armstrong
Higher Grade Satellite - Armstrong Rapid development timeframe possible For personal use only Currently on care and maintenance and studies sufficiently advanced to be capable of being accelerated to production Mineral Resource of 633kt @ 2.1% Ni for 13.2Kt Ni Located on a granted mining lease High
Slide 14: Higher Grade Satellite – Munda
Higher Grade Satellite – Munda Untouched nickel mineralisation - High Grade For personal use only Munda nickel mineralisation co-exists with gold mineralisation Recent gold drilling also intercepted nickel* 24m @ 3.22% Nickel, 0.20% Copper, 0.53 g/t Palladium and 0.26 g/t Platinum from 52m; Small ex
Slide 15: Higher Grade Satellite - 132N
Higher Grade Satellite - 132N Massive nickel in 132N pit wall For personal use only Pit dry, mineralisation readily accessible Located on a granted mining lease Mineral Resource of 460kt @ 2.0% Ni for 9.05Kt Ni High grade massive ore component Open at depth, shallow plunge (visa vi high Ni t/m) Res
Slide 16: Widgiemooltha Regional Exploration
Widgiemooltha Regional Exploration Multiple High Priority Targets to be followed up upon listing For personal use only Database review and regional prospectivity assessment compiled by industry leading, Newexco Exploration Newexco report identified: • Numerous historical anomalies that remain untest
Slide 17: Metallurgy
Metallurgy Conventional flowsheet in a proven nickel district Conventional Testwork Flowsheet For personal use only Over 40 years of successful Ni concentrate production from mines around the Widgiemooltha dome (Mt Edwards historical production 1,190,000 tonnes at 2.6% Ni processed at Kambalda conce
Slide 18: Future Nickel Demand
Future Nickel Demand Right commodity, right jurisdiction, right time… For personal use only Passenger EV Fleet Forecast1 Australia is a Globally Significant Nickel Producer 60 Australia currently accounts for ~7% of global nickel production1 and for ~21% 50 of known Reserves1 Other 40 EVs (millions)
Slide 19: Environmental, Social and Governance
Environmental, Social and Governance 32 Widgie Nickel is determined to implement industry leading ESG standards For personal use only Team Develop a positive culture that values clear communication, teamwork and respect Exploration, Development & Production Implement best practice environmental stan
Slide 20: Investment Summary
Investment Summary Focussed strategy to deliver Mt Edwards back into production For personal use only Widgie Nickel is: Upcoming news flow driven by clearly defined value drivers Aiming to grow resource size and confidence in existing resources Continuous drilling for 2 years planned Exploring to un
Slide 21: Widgie Nickel
For personal use only Widgie Nickel Critical metals for a cleaner future www.widgienickel.com.au info@widgienickel.com +61 8 9322 1182 Level 1, 1292 Hay Street, West Perth 6005 WA
Slide 22: Appendices
For personal use only Appendices 22
Slide 23: Widgie South Trend
Widgie South Trend Widgie Townsite, Gillet and Widgie 3 comprises ~44% of the For personal use only current Mt Edwards Mineral Resource Widgie South Trend includes the Widgie Townsite, Widgie 3 and Gillett deposits and the Gillett West, Rhona and Widgie 3 South prospects Located on Mining Lease M15/
Slide 24: Widgie Townsite
Widgie Townsite 32 Largest unmined body of mineralisation identified - Adjacent conductors identified (Nth extent of Gillett For personal use only potentially) 24
Slide 25: Widgie
Widgie 3 32 Remnant mineralisation below pit – open at depth and 280m east to Gillett For personal use only Open in both directions and down dip 25
Slide 26: Gillett
Gillett 32 Unmined since discovery in 2006. Significant scope to expand along strike & down dip For personal use only 26
Slide 27: Mt Edwards-26N
Mt Edwards-26N 32 Decline to ~500vm intact, unmined lower grade shoot accessible off decline For personal use only 27
Slide 28: Geological Overview – Historical Production
Geological Overview – Historical Production For personal use only 28
Slide 29: Mineral Resource Estimate
Mineral Resource Estimate 32 Mt Edwards Global Nickel Mineral Resource For personal use only Compliance Statement Indicated Inferred Total Resources Widgie Nickel has prepared the presentation materials based on information available to it at the time of preparation. No representation or warranty, e
Slide 30: Peer Comparison Data
Peer Comparison Data JORC Resource and financial data used in peer comparisons For personal use only Total Resources Financial Data Ownership Tonnes Grade Contained Market Cap Cash Debt Enterprise Value Company / Asset Company / Asset (%) (kt) (% Ni) (kt Ni) (A$M) 19 (A$M) (A$M) (A$M) Duketon Mining