Win Metals Ltd · ASX:WIN
Win Metals — RIU Sydney Resources Round Up 2025
19 slides from Win Metals's conference presentation, May 7, 2025
Slide 1: A Golden opportunity
ASX:WIN winmetals.com.au For personal use only A Golden opportunity 7 May 2025 - RIU Sydney Resources Round Up
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer This Presentation has been prepared by WIN Metals Limited (“WIN” or the “Company”) to assist in informing interested parties No liability about the Company. It should not be considered as an offer or invitation to subscribe for or purchase any securities in the This p
Slide 3: Corporate Overview
Corporate Overview 550.1M $0.022c $12.1M $1.97M 174.5M For personal use only Shares on Issue Share Price Market Cap Cash Total Options 1 May 2025 1 May 2025 1 May 2025 31 March 2025 on Issue Share price 0.35 16,000,000 14,000,000 0.30 Gold up 25% 12,000,000 0.25 10,000,000 Price ($A/Share) 0.20 Volu
Slide 4: Golden opportunity in Western Australia
East Kimberley, Western Australia- Golden opportunity in Western Australia High-grade Butchers Creek Gold Maiden drill campaign strengthens For personal use only Project acquisition transformational resource position paves way to for WIN shareholders evaluate commercial options Attractive Butchers C
Slide 5: The Team
The Team Board of Directors/Management For personal use only Andrew Parker - Chairman Lawyer Steve Norregaard - MD & CEO Mining Engineer Felicity Repacholi - Non-Executive Director Geologist Scott Perry - Non-Executive Director Process Engineer WIN METALS Graeme Scott - CFO/Company Secretary Account
Slide 6: Butchers Creek: Background
Butchers Creek: Background For personal use only • Halls Creek region was the site of the first gold rush in Western Australia mid 1880’s. • Butchers Creek located 30km south-east of Halls Creek in the Kimberley region of Western Australia. • Accessible via the partially sealed Duncan Road that conn
Slide 7: Butchers Creek Gold Project: Mineral Resource Overview
Butchers Creek Gold Project: Mineral Resource Overview Resource Tonnes Contained Deposit Last Update Au g/t Classification (Mt) Gold (Oz) Indicated 3.58 2.24 258,000 For personal use only Butchers Apr-25 Creek Inferred 1.65 1.18 63,000 Golden Jun-21 Inferred 0.40 3.10 38,000 Crown Indicated + Total
Slide 8: Butchers Creek Mineralisation - Confirmed, Expanded & still Open
Butchers Creek Mineralisation- Confirmed, Expanded & still Open For personal use only Extensional Drilling Success: Proof of concept drilling has successfully demonstrated the continuation of the mineralisation at Butchers Creek. WIN METALS Significant Growth Opportunity: Unexplored zones indica
Slide 9: Drilling Delivers High Grade Results - Down Plunge Potential Confirmed
Drilling Delivers High Grade Results - Down Plunge Potential Confirmed • Drilling confirms mineralisation remains open down plunge with the potential for resource growth • Strong coherent zones of gold mineralisation3 from first For personal use only program reported including: 24BCRC002 66m @ 1.89g
Slide 10: Butchers Creek Resource Overview
Butchers Creek Resource Overview For personal use only WIN METALS Section lines A and B looking north-east Unique geometry, amenable to highly productive mechanized mining techniques due to the large widths Large widths= low dilution. High degree of mechanization = low cost. High OVMs=low capex/oz 1
Slide 11: Opportunities for development
Opportunities for development Indicated resource will now support mining studies for: Low strip ratio open pit ore tonnes that can be immediately accessed with potential toll treating milling option. Low working capital For personal use only requirement Or Standalone onsite processing option to expl
Slide 12: Butchers Creek - Ready to dig in the short term
Butchers Creek - Ready to dig in the short term For personal use only Butchers Creek open pit with block model shown 40m below current pit floor (left), southern section of pit looking north-west (right) with conceptual starter pit outline WIN METALS • Resource accessible in the current pit floor –
Slide 13: Golden Crown – satellite deposit to test strike & depth extent
Golden Crown – satellite deposit to test strike & depth extent • 2km of mineralised strike within syenite host unit • Shallow RC drilling planned to unlock open pit potential along strike 9,000m planned For personal use only • Current Resource 38koz at 3.1g/t limited to a depth of 100m Significant h
Slide 14: Ganymede - Greenfields Target (EIS Co-funded)
Ganymede- Greenfields Target (EIS Co-funded) • Government EIS co-funding will facilitate drill testing of an For personal use only Induced Polarisation (IP) anomaly to the east of Butchers Creek deposit • Ganymede has an equivalent geophysical signature to Butchers Creek gold deposit. Ganymede targe
Slide 15: 2025 Exploration and Resource Growth Programs – Butchers Creek
2025 Exploration and Resource Growth Programs – Butchers Creek Prospect Grassroots Development Advanced Recon, Infill drilling, For personal use only mapping, and RC exploration DD drilling sampling drilling MRE program RC infill drilling to Golden Crown expand resource envelope and MRE Drilling alo
Slide 16: WIN Metals EV comparison to Peers = Undervalued & primed for re-Rate
WIN Metals EV comparison to Peers = Undervalued & primed for re-Rate For personal use only Appendix 1: Peer Comparison Table ASX: WIN 16
Slide 17: Retaining Optionality and Preserving Latent Value
Retaining Optionality and Preserving Latent Value 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, Scoping Study co
Slide 18: WINMETALS.COM.AU
WINMETALS.COM.AU For personal use only Level 4, 220 St Georges Tce, Perth, WA 6000 +61 8 63817250 WIN METALS info@winmetals.com.au ASX: WIN 18
Slide 19: Appendix 1 - Peer Comparison Table
Appendix 1- Peer Comparison Table 30/03/2025 30/4/2025- 1/5/2025 Measured Indicated Inferred Company Stage ASX Ticker CASH MKT CAP EV Tonnes Grade Oz % M&I Tonnes Grade Oz Tonnes Grade Oz Tonnes Grade Oz EV/oz EV Rank Source Doc Spartan Pre-feasibility SPR 256.16 2670.00 2413.84 22.34 4.39 3,151,700