Wa1 Resources Ltd · ASX:WA1
Wa1 Resources — Investor Presentation (June 2025)
28 slides from Wa1 Resources's investor presentation, Jun 30, 2025
Slide 1: West Arunta Project: A Once in a Generation Niobium Discovery
Nb WEST ARUNTA PROJECT A ONCE IN A GENERATION NIOBIUM DISCOVERY CORPORATE PRESENTATION JUNE 2025
Slide 2: Important Notices and Disclaimer
IMPORTANT NOTICES AND DISCLAIMER Nature of Document: This presentation has been prepared and issued by WA1 Resources Not an offer: This presentation and its contents are not an invitation, offer, solicitation or Ltd (WA1, the Company) to provide general information about the Company. The recommendat
Slide 3: Luni niobium deposit discovery and key highlights
Nb Luni niobium deposit was discovered late 2022, with the first ferroniobium sample produced in 2024 and an Indicated MRE reported mid-2025 100% owned by WA1 A$82M in cash to advance key project workstreams2 Strong share register of long-term institutional investors Board of directors have signific
Slide 4: Corporate Snapshot
CORPORATE SNAPSHOT CAPITAL STRUCTURE BOARD OF DIRECTORS Share price (27 June 2025) A$16.43 Kathleen Bozanic Non-Executive Chair (from 1 July 2025) Shares on issue 67.7M Paul Savich Managing Director Options1 and performance rights 1.0M Tom Lyons Executive Director Market capitalisation (undiluted) A
Slide 5: Luni Niobium Deposit
LUNI NIOBIUM DEPOSIT 1 ▪ Since 2023, drilling has focused on defining the shallow, oxide-enriched blanket of high-grade niobium mineralisation overlying the carbonatite plug ▪ Resource definition drilling has resulted in a substantial Indicated Mineral Resource estimate (MRE) for Luni and continued
Slide 6: Luni Mineral Resource Estimate
LUNI MINERAL RESOURCE ESTIMATE1 ▪ Luni now contains a substantial Indicated MRE: 200 ▪ 73 Mt at 1.38% Nb2O5 73 Mt 46% of contained niobium classified at 1.38% as Indicated ▪ The Indicated MRE contains a high-grade subset of: ▪ 31 Mt at 2.31% Nb2O5 150 ▪ Drilling is continuing with various objectives
Slide 7: Luni MRE Evolution
LUNI MRE EVOLUTION1 Refer to ASX announcement dated 30 June 2025 and Appendix B for full details 220 Mt at 1.0% 2025 LUNI MRE (JORC CODE 2012) Tonnes (Mt) Nb₂O₅ (%) Nb₂O₅ (kt) 200 Indicated 73 1.38 1,000 46% of contained 73 Mt Inferred 150 0.8 1,200 niobium classified at 1.38% as Indicated Total 220
Slide 8: Luni MRE – Grade Tonnage Curve
LUNI MRE – GRADE TONNAGE CURVE1 300 6.00 275 250 5.00 225 200 4.00 Grade (Nb2O5%) 175 Tonnage (Mt) 150 3.00 125 100 2.00 75 50 1.00 25 - - 0 0.25 0.50 0.75 1.00 1.25 1.50 1.75 2.00 2.25 2.50 2.75 3.00 Cut-Off Grade (Nb2O5%) Tonnage (LHS) Grade (RHS) LUNI MRE - GRADE-TONNAGE CURVE 8| Refer to appendi
Slide 9: Niobium Industry Process Flowsheets
NIOBIUM INDUSTRY PROCESS FLOWSHEETS ▪ The three existing niobium mines follow a similar flowsheet to produce a ferroniobium end-product for direct use in the steelmaking process ▪ WA1 is testing a conventional flowsheet utilising similar steps to the three existing mines 1 2 3 REFINING CONVERSION TO
Slide 10: Ferroniobium - Proof of Concept Testwork
FERRONIOBIUM - PROOF OF CONCEPT TESTWORK1 1 2 3 CONVERSION TO REFINING BENEFICIATION FERRONIOBIUM (Hydrometallurgy) (Pyrometallurgy) Conversion Vessel Crushing and Grinding Calcining (Aluminothermic Reaction) LUNI MINERALISATION Desliming HCl Leach Phosphate Flotation (Stage 1) Niobium Flotation (St
Slide 11: Ferroniobium - Beneficiation & Refining
FERRONIOBIUM - BENEFICIATION & REFINING1 Stages 1 & 2 1 2 REFINING BENEFICIATION (Hydrometallurgy) Crushing and Grinding Calcining LUNI MINERALISATION Desliming HCl Leach Phosphate Flotation (Stage 1) Niobium Flotation (Stage 2) SIMPLIFIED, PROCESS FLOWSHEET TO PRODUCE FERRONIOBIUM ▪ Initial benefic
Slide 12: Ferroniobium - Conversion
FERRONIOBIUM - CONVERSION1 Stage 3 3 CONVERSION TO FERRONIOBIUM (Pyrometallurgy) Conversion Vessel (Aluminothermic Reaction) SIMPLIFIED, PROCESS FLOWSHEET TO PRODUCE FERRONIOBIUM AND FIRST SAMPLE ▪ The refined concentrate progressed through conversion testwork (via aluminothermic reaction), the fina
Slide 13: Global Niobium Supply
GLOBAL NIOBIUM SUPPLY GRADE OF KEY NIOBIUM PRODUCERS1 (Nb2O5) GLOBAL FERRONIOBIUM PRODUCTION2 2.5% 125,000 Ferroniobium production (tpa) 100,000 75,000 80% GLOBAL SUPPLY BY PRODUCER 50,000 11% 8% 25,000 - 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 1.0% HISTORIC PRICING BY PRODUCT 50
Slide 14: Ferroniobium Demand
FERRONIOBIUM DEMAND NIOBIUM DEMAND BY TYPE1 ▪ Global ferroniobium production is approximately 115ktpa and sells for ~US$30,000/t1 ▪ Micro-alloyed steels using OIL & GAS STRUCTURAL niobium increase the efficiency PIPELINES of the steel industry ▪ Strength improvements allow lighter, more efficient st
Slide 15: The Only Replacement for Steel is Better Steel
THE ONLY REPLACEMENT FOR STEEL IS BETTER STEEL MARINA BAY SANDS - SINGAPORE OPTUS STADIUM - PERTH 130,000t of steel used in construction Adding 0.02% Nb to steel componentry resulted in a total steel saving of 12,000t while improving build quality Utilised 40t of FeNb costing US$1.2m2 Saving 12,000t
Slide 16: Niobium Market Distribution
NIOBIUM MARKET DISTRIBUTION FeNb supply1 FeNb demand2 CANADA 8% Listed as critical3 EUROPE 20% NORTH AMERICA 18% JAPAN S. KOREA CHINA 13% 35% Identified by many countries as a critical mineral due to 11% supply concentration BRAZIL 91% EU Critical Mineral Rankings - 20234 US Critical Mineral List –
Slide 17: CBMM's Araxá Deposit
CBMM’S ARAXÁ DEPOSIT ▪ The Araxá niobium deposit was discovered in 1953 and is in the state of Minas Gerais, Brazil1 ▪ Araxá supplies approximately 80% of the world's niobium ▪ The carbonatite complex is circular in shape with an average grade of 2.5% Nb2O5 within its shallow high-grade enriched bla
Slide 18: Niobium Oxide Demand
NIOBIUM OXIDE DEMAND ▪ Niobium oxide is predominantly NIOBIUM DEMAND BY TYPE3 produced through additional treatment applied to refined ferroniobium1 NIOBIUM OXIDE 12% ▪ Key established and high-growth markets include2: AEROSPACE SUPERCONDUCTORS ▪ Superconductive magnets and capacitors ▪ MRI equipmen
Slide 19: Niobium Oxide Demand – Batteries
NIOBIUM OXIDE DEMAND – BATTERIES NIOBIUM BATTERY TECHNOLOGY NIOBIUM BATTERY LEADERS • Up to 10x longer life than traditional batteries – significantly reducing e-waste1,2 • Ultra-fast charging – full charge in 6 minutes or less2 • Increased stability – up to 20,000 fast charge and discharge cycles w
Slide 20: Key Project Workstreams
KEY PROJECT WORKSTREAMS Mine Design Process Testwork Environmental Indicated MRE informing Ongoing optimisation and Targeted surveys and mine design and ongoing variability testwork to support studies to support formal pre-development activities detailed flowsheet development permitting approvals Lo
Slide 21: Indicated MRE to Support Mine Design
INDICATED MRE TO SUPPORT MINE DESIGN1 ▪ 46% of the niobium contained within the Luni MRE is in the Indicated 73 Mt category at 1.38% 70 ▪ The Indicated MRE is being utilised to inform mine design and development studies, and is split between two key zones providing optionality for scheduling 60 Mine
Slide 22: Initial Beneficiation Variability Testwork
INITIAL BENEFICIATION VARIABILITY TESTWORK1 Three drillhole composite ▪ Excellent beneficiation testwork results on an initial three 100 drillhole variability composite sample covering 400m extent 90 ▪ Results provide a demonstration the flotation regime can treat a wider portion of mineralisation C
Slide 23: WA1 in the Community
WA1 IN THE COMMUNITY Creating opportunities in Australia's most remote communities 23 |
Slide 24: Environmental Studies
ENVIRONMENTAL STUDIES On-country studies in partnership with local ranger groups 24 |
Slide 25: Advancing the West Arunta Project to Unlock Stakeholder Value
ADVANCING THE WEST ARUNTA PROJECT TO SAFELY & EFFICIENTLY UNLOCK STAKEHOLDER VALUE Near-term deliverables Environmental and heritage studies, and consultation with key stakeholders P2 carbonatite Pre-development activities and Pachpadra targets studies to advance formal permitting processes Arunta b
Slide 26: Developing an Essential Critical Mineral Project for the Niobium Market
DEVELOPING AN ESSENTIAL CRITICAL MINERAL PROJECT FOR THE CONSTRAINED, HIGH-VALUE NIOBIUM MARKET Investors Media Paul Savich Michael Vaughan Managing Director Fivemark Partners WA1 Resources Ltd E: psavich@wa1.com.au E: michael.vaughan@fivemark.com.au Lvl 2, 55 Carrington Street T: +61 8 6478 7866 T:
Slide 27: Appendix A - References and Notes
APPENDIX A - REFERENCES AND NOTES SLIDE 3 SLIDE 15 1. For full details refer to WA1 website and previous ASX announcements 1. Source: Niobium Tech presentation “Niobium solutions for a sustainable future” viewed at <https://niobium.tech/- 2. Cash balance as at 31 March 2025 /media/NiobiumTech/Images
Slide 28: Appendix B – Mineral Resource & Competent Person Statements
APPENDIX B – MINERAL RESOURCE & COMPETENT PERSON STATEMENTS Tonnes Nb₂O₅ Nb₂O₅ (%) P₂O₅ (%) P₂O₅ (kt) (Mt) (kt) Indicated 73 1.38 1,000 11.3 8,200 Inferred 150 0.8 1,200 9.9 15,000 Total 220 1.0 2,200 10.3 23,000 1. Mineral Resources are classified and reported in accordance with JORC Code (2012). C