Win Metals Ltd · ASX:WIN
Win Metals — Widgie Nickel — RIU Sydney Resources Roundup 2023
17 slides from Win Metals's conference presentation, May 9, 2023
Slide 1: RIU Sydney Resources Roundup 2023
For personal use only RIU SYDNEY Resources Roundup 2023 9 May 2023 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 i
Slide 3: Widgie Nickel - Value Proposition
Widgie Nickel - Value Proposition A clear pathway for Mt Edwards to return to production, with significant additional upside across multiple critical minerals For personal use only Further nickel production Nickel production potential opportunity in sight - Widgie South preliminary - Armstrong Mine
Slide 4: Widgie Nickel - Value Proposition
Widgie Nickel - Value Proposition In the heart of a tier-1 jurisdiction for both nickel and lithium endowments 240 sq.km granted For personal use only mining tenure Nickel resource base of 168,000t Ni Infrastructure rich part of the Goldfields Nickel and Lithium mining region Exploration leverage -
Slide 5: Corporate Summary, Share Price, Board & Management
Corporate Summary Share Price Board & Management 60 25000 50 Trading Volume ($000) 20000 For personal use only Shareprice (Cents) Andrew Parker 40 Steve Norregaard Non-Executive Chair - Corporate / Legal 15000 Andrew holds a Bachelor of Laws (LLB) degree from the Managing Director and CEO - Mining E
Slide 6: The Nickel Endowment
The Nickel Endowment Unique attributes - 12 separate deposits to drive value Indicated Inferred TOTAL Mineral Resources For personal use only Deposit Tonnes Nickel Tonnes Nickel Tonnes Nickel Nickel (kt) (%) (kt) (%) (kt) (%) Tonnes Armstrong 630 1.8 15 4.7 645 1.9 12,200 Gillett 915 1.6 643 1.3 1,5
Slide 7: Widgie South- Gillett Resource Upgrade
Widgie South- Gillett Resource Upgrade For personal use only Mineral Resource Ni Co Cu Fe Mg Pd Pt S As Tonnes Classification % ppm ppm % % ppm ppm % ppm Indicated 915,000 1.6 489 2,002 13.3 15.9 0.17 0.08 5.1 171 Inferred 643,000 1.3 419 1,691 12.5 15.3 0.17 0.09 4.4 187 TOTAL 1,558,000 1.5 460 1,8
Slide 8: Exploration Success – South of Gillett
Exploration Success – South of Gillett Opportunity for resource growth after excellent exploration success from recent drilling For personal use only 8
Slide 9: Southern Edge Gillett- Exploration Success
Southern Edge Gillett- Exploration Success Strike extent set to grow For personal use only 9
Slide 10: Armstrong– Major advances made towards mining
Armstrong– Major advances made towards mining Scoping study and resource upgrade. Pivotal step towards self funding aspirations For personal use only Two mining methods considered Top Down Open stoping 500kt @1.9% Bottom Up with fill 560kt @1.9% FCF @ $22,000/0.63 $67-69M, max drawdown $20.3M. At $U
Slide 11: Armstrong Feasibility Progress
Armstrong Feasibility Progress Tracking well for early completion Dewatering progress nearing completion, portal position For personal use only now exposed Metallurgical test work positive, enhancements expected leading to improved outcomes. Key commencement milestone – offtake agreement Environment
Slide 12: High-Grade Lithium Discovery- Faraday
High-Grade Lithium Discovery- Faraday Multiple high-grade lithium bearing pegmatites unlocks another avenue of growth For personal use only • Initial • Rock chip • Multiple discovery sampling at high-grade announced 3 the Faraday Li2O values October prospect returned 2022, identified from 14 rock im
Slide 13: Faraday Drill Results
Faraday Drill Results For personal use only 13
Slide 14: Faraday Resource- 6mths, ready to dig!....almost
Faraday Resource- 6mths, ready to dig!....almost • Infill/Extensional drilling completed to grade control density, resource estimation For personal use only completed. • Metallurgical testing- HMS upgrade test work (variability) to 5.5% and partial upgrading under Cumulative resource by grade Cut of
Slide 15: Faraday – Upside remains on resource growth
Faraday – Upside remains on resource growth Exploration ongoing to expand endowment • Ongoing drilling to the north and For personal use only down dip • 80 by 80m step out pattern completed 400m to the north and 400m down dip to the west • Assays awaiting • By- product value could add to the potenti
Slide 16: The on-ground activity continues…2023
The on-ground activity continues…2023 For personal use only Infill drilling & exploration to continue: NICKELITHIUM .. singular focus Armstrong to be development ready, if not under development- NICKEL Widgie South Scoping Study underway to be completed 3rd Qtr - NICKEL Faraday resource and Regional
Slide 17: Highlights
Highlights 100% owned Mt Edwards Project – Strategically positioned next to major infrastructure For personal use only ~240km2 tenements covering the highly (road, rail, energy & water) & processing hubs prospective Widgiemooltha Dome Significant Mineral Resources Growing lithium endowment being unl