Waratah Minerals Limited · ASX:WTM
Waratah Minerals — Investor Presentation (May 2025)
22 slides from Waratah Minerals's investor presentation, May 6, 2025
Slide 1: Emerging gold-copper discovery in the Lachlan Fold Belt
Emerging gold-copper discovery in the Lachlan Fold Belt 6 May 2025 ASX:WTM
Slide 2: Investment Highlights
Creating value for Investment Highlights our stakeholders through discovery Exploring For World-Class Gold-Copper Deposits Creating value for our stakeholders through discovery Azura Project High Calibre Discovery Team Experienced technical team with a track record of discovery Strategic Position in
Slide 3: Corporate Overview
Corporate Overview 12 Month Share Price Performance $0.500 12.0 203M 12.83% $0.235 $0.450 10.0 $0.400 $0.350 8.0 Price (A$/share) Shares on Issue Board and Management Share price $0.300 (ASX Code: WTM) (fully diluted) (2 May 2025) Volume (m) $0.250 6.0 $47.7M $2.4M $0.8M1 $0.200 $0.150 4.0 $0.100 Ma
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 A mining executive with Lawye
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 5 Newmont, Goldfields
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 Macquarie Arc multi-phase intrusive complexes 6 Key stratigraphic position - Late Ordo-Silurian rocks Limited Modern
Slide 7: Spur Gold – Copper Project: District-scale land position
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 targets, 7 extensive fertile
Slide 8: Spur Gold – Copper District: Project History
Spur Gold – Copper District Project History Pre-1970s 1970s/1980s • Historical mining • Porphyry copper potential recognised • 1860s alluvial mining • Anaconda, Billiton, Cyprus Gold • Small shafts and open pits on • Targeting Intrusive-hosted gold veins porphyry setting 2018 1990s - 2016 • Ore Disc
Slide 9: 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 9 Epithermal gold overlies porphyry gold- copper - a direct exploration target and indicates pres
Slide 10: Two High Value Targets – Epithermal Gold – Porphyry Cu-Au
Spur Gold – Copper Project Two High Value Targets – Epithermal Gold – Porphyry Cu-Au Rapidly Demonstrating Scale & Grade in Spur Gold Corridor Epithermal Gold now defined along >1km strike, southern margin of Main Intrusive Complex Drilling to understand geometry and extent of the system + acquire m
Slide 11: 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 12: Extensive Epithermal Gold at Surface
Spur Gold – Copper Project Extensive Epithermal Gold at Surface Rapidly Demonstrating Scale & Grade 12 ASX:WTM
Slide 13: Copper-Gold Porphyry Connection
Spur Gold – Copper Project Copper-Gold Porphyry Connection cm SPD001 24.2m, hematite + epidote- pyrite skarn, 22m @ 1.92g/t Au from 11m, inc 5m @ 6.69g/t Au (Oxidised Retrograde Skarn) cm SD010 196m, massive kspar + albite + silica + tourmaline alteration + pyrite- chalcopyrite stringers, 2g/t Au, 0
Slide 14: Copper-Gold Porphyry Connection: Breccia West
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) o ASX WTM 5 May 2025 14
Slide 15: High-Priority 'Porphyry Core' Drill Target
Spur Gold – Copper Project Copper-Gold Porphyry Connection High-Priority ‘Porphyry Core’ Drill Target - Target intersection of mineralised magmatic-hydrothermal breccia and magnetite anomaly in wallrock position - BZD002 mineralisation associated with potassic magnetite porphyry alteration - 84m @ 0
Slide 16: Next Steps
Spur Gold – Copper Project Next Steps Drill High-Priority ‘Porphyry Core’ Target at Breccia West - 1 x 600m RC/DDH - Targeting intersection of mineralised magmatic-hydrothermal breccia and magnetite anomaly in wallrock position - Along strike from: - 196m @ 0.54% CuEq, 0.35% Cu, 0.23g/t Au from 1m 1
Slide 17: Exploration Criteria: Cadia Valley and Cowal analogues
Spur Gold – Copper Project EXPLORATION CRITERIA Cadia Valley ASX:NEM Spur Project 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 18: Ramping up Activity and Newsflow
Ramping up Activity and Newsflow ACTIVITIES JUNE QTR SEPT QTR DEC QTR Drilling – RC/DD 18 Discovery Relogging historic Spur Gold Target Definition, Copper Project inc. geochem, geophys Research - CODES Discovery Target Definition, Stawell inc. geochem, geophys Gold Project Drilling - RC Investment A
Slide 19: 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’ 19 achieved - explore margins of fertile intrusive complexes Well funded - S
Slide 20: References
References ▪ Alkane 2023, Resource and Reserve Statement FY23, 13 September 2023 ▪ Newcrest 2021, Newcrest agrees to acquire Pretium Resources Mining, ASX, 9 November 2021 ▪ Blue Ocean Equities 2024., Research Note, 8 October 2024 ▪ Newmont 2023, Mining Annual Mineral Resources and Ore Reserves ▪ CM
Slide 21: Disclaimer - Important Information
Disclaimer - Important Information 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”, “will”, “
Slide 22: Contact Us
Contact Us Peter Duerden Managing Director info@waratahminerals.com P: +61 8 6148 1000 www.waratahminerals.com ASX:WTM