Waratah Minerals Limited · ASX:WTM
Waratah Minerals — Investor Presentation (August 2025)
25 slides from Waratah Minerals's investor presentation, August 2025
Slide 1: Investor Presentation August 2025
Investor Presentation August 2025 ASX:WTM
Slide 2: Investment Highlights
Investment Highlights Azura Project Exploring For World-Class Gold-Copper Deposits Creating value for our stakeholders through discovery High Calibre Discovery Team Experienced team with a track record of discovery Strategic Position in Major Gold-Copper District Spur Project Majors actively explori
Slide 3: Corporate Overview
Corporate Overview 234M 11.2% $0.30 $70.0M $7.5M $0.8M1 Shares on Issue Board and Management Share price Market Cash at bank Listed Investment (ASX Code: WTM) (fully diluted) (1 August 2025) Capitalisation (30 June 2025) LSE:TGR 12 Month Share Significant Price Performance May 2025 Shareholders 3rd
Slide 4: Experienced Leadership Team
Experienced Leadership Team Technical team with a track record of discovery 4 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 years’ A mining executive wit
Slide 5: 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 ▪ Newmont, Gold
Slide 6: 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 6 ▪ Macquarie Arc multi-phase intrusive complexes ▪ Key stratigraphic position - Late Ordo-Silurian rocks Limite
Slide 7: 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 7 targets, extensive fe
Slide 8: Spur Gold – Copper Project: Project History
Spur Gold – Copper Project Pre-1970s 1970s/1980s Project History • Historical mining • Porphyry copper potential recognised • 1860s alluvial mining • Anaconda, Billiton, Cyprus Gold • Small shafts and open • Targeting Intrusive-hosted pits on gold veins porphyry setting 2018 1990s - 2016 • Ore Disco
Slide 9: Two High Value Targets – Epithermal Au – Porphyry Cu-Au
Spur Gold – Copper Project Two High Value Targets – Epithermal Au – Porphyry Cu-Au Rapidly Demonstrating Scale & Grade in Spur Gold Corridor ▪ Epithermal Gold now defined along >1.5km strike, southern margin of Main Intrusive Complex ▪ Drilling to understand geometry and extent of the system + acqui
Slide 10: 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 11: Extensive Epithermal Gold at Surface, Rapidly Demonstrating Scale & Grade
Spur Gold – Copper Project Extensive Epithermal Gold at Surface, Rapidly Demonstrating Scale & Grade 11 ASX:WTM
Slide 12: Major gold discovery signalled by stepout results – Consols Zone
SPRCD062 464.9m – Patchy and Spur Gold – Copper Project veinlet associated pyrite ± chalcopyrite with pervasive k- feldspar alteration, Major gold discovery signalled by stepout results 1.14g/t Au at the Spur Gold Corridor – Consols Zone cm SPRCD062 592.6m – Patchy and veinlet associated quartz + py
Slide 13: Major gold discovery signalled by stepout results at Consols Zone
Spur Gold – Copper Project Major gold discovery signalled by stepout results at the Spur Gold Corridor – Consols Zone SPRCD062 208.7m @ 1.17 g/t Au from 514m inc. 89m @ 1.96 g/t Au from 614m inc. 38m @ 3.61 g/t Au from 665m 13 ASX:WTM o ASX WTM 4 August 2025
Slide 14: 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) 14 ASX:WTM o ASX WTM 5
Slide 15: Cadia Valley and Cowal vs Spur Project Exploration Criteria
Spur Gold – Copper Project Cadia Valley Spur Project EXPLORATION CRITERIA ASX:NEM 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 16: Ramping up Activity and Newsflow
Ramping up Activity and Newsflow 16 ACTIVITIES SEPT QTR DEC QTR MAR QTR Discovery Spur Gold-Copper Project Drilling Relogging/sampling historic Metallurgical Testwork Target Definition, inc. geochem, geophys Research - CODES Investment Tirupati Graphite ASX:WTM Estimates of times are indicative OTC:
Slide 17: 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’ achieved - explore margins of fertile intrusive complexes 17 Expanding drill
Slide 18: Contact Us
Contact Us Peter Duerden Managing Director E: info@waratahminerals.com T: +61 8 6148 1000 ASX:WTM W: waratahminerals.com waratahminerals.com
Slide 19: References
References ▪ Newcrest 2021, Newcrest agrees to acquire Pretium Resources Mining, ASX, 9 ▪ Alkane 2023, Resource and Reserve Statement FY23, 13 September 2023 November 2021 ▪ Blue Ocean Equities 2024., Research Note, 8 October 2024 ▪ Newmont 2023, Mining Annual Mineral Resources and Ore Reserves Stat
Slide 20: 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 21: Appendices
ASX:WTM Appendices waratahminerals.com
Slide 22: 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 22 Epithermal gold overlies porphyry gold-copper - a direct exploration target and indicates pres
Slide 23: Fertile intrusions linked to epithermal-porphyry gold-copper mineralisation
Spur Gold – Copper Project Fertile intrusions linked to epithermal- porphyry gold-copper mineralisation ▪ Multielement geochemistry identifies fertile intrusions at margin of main intrusive complex coincident with epithermal gold mineralisation 23 ASX:WTM Sr/Y vs SiO2 - Loucks, 2014, V/Sc vs Sc - Ha
Slide 24: Macquarie Arc Correlations
Spur Gold – Copper Project Macquarie Arc Correlations ▪ Multielement geochemistry identifies fertile Macquarie Arc ‘Phase 4’ intrusions at margin of main intrusive complex ▪ Magmatic geochemistry trends follow those seen at major Macquarie Arc Au-Cu deposits 24 ASX:WTM Sr/Y vs SiO2 - Loucks, 2014, V
Slide 25: Historic vs new Waratah dataset
Spur Gold – Copper Project Spur historic vs new Waratah dataset ▪ New multielement geochemistry identifies fertile Macquarie Arc ‘Phase 4’ intrusions at margin of main intrusive complex ▪ Upgrades prospectivity based on historic understanding 25 ASX:WTM Sr/Y vs SiO2 - Loucks, 2014, V/Sc vs Sc - Hall
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