Western Mines Group Ltd · ASX:WMG
Western Mines — Mines and Money Connect London 2022
14 slides from Western Mines's conference presentation, Apr 27, 2022
Slide 1: Western Mines Group Company Presentation
For personal use only WESTERN MINES GROUP COMPANY PRESENTATION @westernmines MINES AND MONEY CONNECT LONDON 4-5 MAY 2022 westernmines Western Mines Group ASX: WMG www.westernmines.com.au
Slide 2: Disclaimer
DISCLAIMER For personal use only NATURE OF THIS DOCUMENT This presentation has been prepared by Western Mines Group Limited ACN 640 738 834 (Company). The information is based on publicly available information, internally developed data and other sources. By receiving this presentation, you acknowle
Slide 3: Company Overview
COMPANY OVERVIEW 10x For personal use only WESTERN MINES GROUP “An exploration driven company • High-impact exploration focused on Ni-Cu-PGE and Au looking to create value through • 8 projects all located in Western Australia discovery” • Multiple “company making” opportunities - 2 current priority
Slide 4: Projects
PROJECTS For personal use only Desktop Fieldwork and Targeting Drill Ready High-impact Au-Cu exploration Li Au Au Cu-Pb- Zn Pinyalling Youanmi Ni-Cu- Melita Au PGE Ni-Cu- Au PGE Jasper Hill Au Mulga Tank Au and Pavarotti Ni-Cu-PGE Broken Hill Bore Rock of Ages focus Mulga Tank (Ni-Cu-PGE) - 185km EN
Slide 5: WMG's Flagship Project
MULGA TANK (Ni-Cu-PGE) For personal use only WMG’S FLAGSHIP PROJECT • Frontier exploration play for major Ni-Cu-PGE deposits under cover • Strategically assembled 395km2 position on the under-explored Minigwal Greenstone Belt ana pic • Mulga Tank Dunite Intrusive (WMG 100%) comparable scale (29km2)
Slide 6: Systematic Exploration Approach
MULGA TANK (Ni-Cu-PGE) For personal use only SYSTEMATIC EXPLORATION APPROACH • Historical datasets (magnetics, EM, HeliSAM, DHEM, pXRF, soil partial leach) offer starting point for WMG to build on • Only 12 historical holes deeper than 150m - nearly all show Ni-Cu-PGE sulphides • Strong evidence for
Slide 7: Major EM Conductors Identified
MULGA TANK (Ni-Cu-PGE) For personal use only MAJOR EM CONDUCTORS IDENTIFIED • MLEM survey completed over entire intrusion ~28km2 • Targeting electromagnetic bedrock conductors that could be associated with deposits of massive Ni-Cu-PGE sulphide • High-power, very low frequency system with Jessy HTS
Slide 8: Integrated 3D Model
MULGA TANK (Ni-Cu-PGE) For personal use only INTEGRATED 3D MODEL WMG MAIDEN DIAMOND DRILLING PROGRAM 1. Targeting basal contact zone at around 200-300m depth 2. Geological model and lithogeochemical vectors that favour western margin of intrusion 3. Discrete EM anomalies favoured over broader, likel
Slide 9: Diamond Drilling Program Currently Underway
MULGA TANK (Ni-Cu-PGE) For personal use only DIAMOND DRILLING PROGRAM CURRENTLY UNDERWAY HoleID Target Description Testing western margin of the intrusion between holes MTD003, MTD005 and MTP012 Geology the W Conductor MTP013 EM Testing basal contact of western margin at top of W Conductor MTP014 EM
Slide 10: Camp Scale Exploration Opportunity
MULGA TANK (Ni-Cu-PGE) For personal use only CAMP SCALE EXPLORATION OPPORTUNITY • Panhandle potentially represents feeder conduit to Mulga Tank intrusion • Extrusive vs intrusive exploration model • 12km trend of interpreted ultramafic completely untested • Currently drilling program (MTP015, MTP016
Slide 11: Jasper Hill (Au): Walk Up Drill Targets Along Gold Trend
JASPER HILL (Au) For personal use only WALK UP DRILL TARGETS ALONG GOLD TREND • Under-explored Merolia Greenstone Belt 90km southeast of Laverton • Historical Lord Byron and Fish Gold Mines - trucked to Granny Smith (80km) • Lord Byron - 160koz at 1.0g/t Au - NW shearing cutting BIF-mafic volcanics
Slide 12: Jasper Hill (Au): Robust Shallow Gold Intersections
JASPER HILL (Au) For personal use only ROBUST SHALLOW GOLD INTERSECTIONS • 3km mineralised gold trend largely privately held for last ~30 years • Numerous robust historical drilling results from the 1980’s including: AJ10 14m at 1.58g/t Au from 14m inc. 2m at 8.10g/t Au from 16m PDH02 13m at 1.44g/t
Slide 13: Directors
DIRECTORS For personal use only Rex Turkington Non-Executive Chairman Capital Markets | Corporate Management Rex is a highly experienced corporate advisor and economist who has worked extensively in the Australian financial services and stockbroking industry, specialising in the natural resources se
Slide 14: Summary: Compelling Value Proposition
SUMMARY For personal use only COMPELLING VALUE PROPOSITION • Exposure to Ni-Cu-PGE and Au with all projects located in Western Australia • High-impact drilling program at Mulga Tank currently underway • Significant news flow over the next 2-3 months • Highly leveraged to exploration success - materi
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