Wa1 Resources Ltd · ASX:WA1
Wa1 Resources — Euroz Hartleys Institutional Conference 2023
18 slides from Wa1 Resources's conference presentation, Mar 9, 2023
Slide 1: West Arunta Project – Commencement of Exploration
WEST ARUNTA PROJECT COMMENCEMENT OF EXPLORATION Euroz Hartleys Institutional Conference 2023
Slide 2: Important Notices and Disclaimers
Important Notices and Disclaimers Nature of Document: This presentation has been prepared and issued by Not financial product advice: Neither the Company nor any of its related WA1 Resources Ltd (WA1, the Company) to provide general information about bodies corporate is licensed to provide financial
Slide 3: Corporate Overview
Corporate Overview Board & Management Milestones Gary Lethridge Non-Executive Chair 1. Feb 2022 Official Listing on ASX Paul Savich Managing Director 2. Oct 2022 Discovery of P2 Carbonatite Tom Lyons Executive Director - Technical 3. Nov 2022 Discovery of Luni Carbonatite Rhys Bradley Non-Executive
Slide 4: The West Arunta Project - Location
The West Arunta Project - Location WA1 Tenure Map in the West Arunta ▪ The West Arunta Project is located 1,300km by road from Port Hedland ▪ Rio Tinto Exploration are currently active to the south as part of a JV with Tali WEST ARUNTA PROJECT Inset 4 WA1 WAP Tenure Map with primary exploration acce
Slide 5: Overview of the 2022 drill program
Overview of the 2022 drill program ▪ Drilling targeted large gravity- magnetic anomalies that can potentially indicate the presence of significant mineralised systems ▪ Maiden program completed in 2022 following years of pre-drill targeting WEST ARUNTA PROJECT ▪ Two mineralised carbonatites discover
Slide 6: Setting the scene – carbonatites globally
Setting the scene – carbonatites globally ▪ Approximately 600 carbonatites have been discovered globally 1 ▪ Around 20% of these containing mineral resource estimates 2 ▪ Approximately 10% of carbonatites have been mined 2 CARBONATITE OVERVIEW Carbonatite Schematic3 Carbonatite Schematic4 1. Gregory
Slide 7: West Arunta Project – Luni Results
West Arunta Project – Luni Results ▪ Significant near surface enrichment at the Luni C carbonatite1: 7m at 3.5% Nb2O5 from 40m within an overall interval of 19m at 2.0% Nb2O5 C’ 6m at 2.3% Nb2O5 from 31m within an overall interval of 28m at 1.0% Nb2O5 NIOBIUM OVERVIEW Luni Geophysical Anomaly & Dril
Slide 8: Niobium: Global resources & supply
Niobium: Global resources & supply ▪ Global supply is constrained with 90% of production of this critical mineral coming from two Brazilian producers ▪ Existing producers operate with high margins: <US$10-12/kg niobium open pit and <US$19kg niobium underground block cave operation1 Global Niobium Re
Slide 9: Niobium: Critical for advanced technologies
Niobium: Critical for advanced technologies ▪ Niobium is identified by the Australian Government and many other countries as a critical mineral ▪ Supply constrained with 10% penetration into global steel production as a micro alloy (<1%), ferroniobium (~$45,000/t1) in various steel products can: ▪ I
Slide 10: Passive seismic to enhance drill targeting
Passive seismic to enhance drill targeting ▪ Shallow enriched high-grade mineralisation C’ C intersected in 2022 drilling has been associated with a distinct horizon between the strongly weathered and transitional carbonatite intrusion ▪ Passive seismic results have mapped a laterally consistent int
Slide 11: Gravity survey increases definition
Gravity survey increases definition ▪ Infill gravity surveying at the Luni carbonatite discovery is interpreted to have defined the lateral extent of the intrusion ▪ Gravity data also enhances confidence that the passive seismic survey interpretation has successfully mapped the bedrock topography ▪
Slide 12: P2 & regional targets
P2 & regional targets Pachpadra Project Area & Cross-section ▪ First drill hole at the P2 Target discovered a mineralised carbonatite system ▪ End of hole returned the highest-grade (1m @ 1.72% Nb2O5) suggesting mineralisation may be open and have depth potential A ▪ New geophysical data has been ca
Slide 13: Key project workstreams initiated
Key project workstreams initiated Test work to de-risk project development beyond exploration are in focus, mineralogical studies in progress Regional baseline data available to potentially assist with environmental approval processes Multiple road and rail transport corridors available for future o
Slide 14: Timeline of West Arunta Project activities
Timeline of West Arunta Project activities Admitted to ASX P2 Carbonatite Geophysical Drilling Surveys Expected Field Activities Placement Commenced Continuous Flow of Results 2022 1H-2023 2H-2023 Luni Anomaly Luni Carbonatite 1st Assays TIMELINE OF ACTIVITES Identified Expected Drilling Field Activ
Slide 15: WA1 Resources Ltd
WA1 Resources Ltd Lvl 2, 55 Carrington Street, Nedlands Western Australia 6009 Investors Media Paul Savich Michael Vaughan Managing Director Fivemark Partners E: psavich@wa1.com.au E: michael.vaughan@fivemark.com.au T: +61 8 6478 7866 T: +61 422 602 720
Slide 16: Madura and Hidden Valley Projects
Madura and Hidden Valley Projects Western Australia | 100%-owned, no private royalties ▪ The Madura Project is located east of the Albany-Fraser Orogen and has potential for Copper-Gold mineralisation of an IOCG affinity with almost no historic exploration activity ▪ The Hidden Valley Project is con
Slide 17: Other Exploration Projects – Cu-Ni Potential
Hidden Valley Project Hidden Valley Regional Tenure ▪ The Hidden Valley Project covers an eastern splay of the Halls Creek Orogen, along strike from IGO’s Osmond Project Other Exploration Projects – Cu-Ni Potential ▪ The Project contains 36km of the Osmond Valley Fault and is considered prospective
Slide 18: Other Exploration Projects – IOCG Potential
Madura Project Regional Geological Setting ▪ The Mundrabilla Crustal Element (MCE) is bound to the east and west by the Mundrabilla Lineament and the Albany-Fraser Orogen, respectively Other Exploration Projects – IOCG Potential ▪ Tenements sit proximate to a major NE trending structure and interpre
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