Slide 1: West Arunta Project: Metallurgical Testwork Presentation
41 Nb Niobium 92.906 WEST ARUNTA PROJECT A ONCE IN A GENERATION NIOBIUM DISCOVERY METALLURGICAL TESTWORK PRESENTATION JUNE 2024
Slide 2: Important Notices and Disclaimer
IMPORTANT NOTICES AND DISCLAIMER Nature of Document: This presentation has been prepared and issued by WA1 Resources Ltd Not financial product advice: Neither the Company nor any of its related bodies corporate is (WA1, the Company) to provide general information about the Company. The information i
Slide 3: A Globally Significant Critical Mineral Discovery
A GLOBALLY SIGNIFICANT CRITICAL MINERAL DISCOVERY Two high-grade niobium discoveries in a world-class mining jurisdiction Niobium is a critical mineral which Nb 41 is essential in value-add materials Niobium 92.906 and battery technologies for a low carbon economy Investor Presentation | Page 3
Slide 4: West Arunta Project
WEST ARUNTA PROJECT The West Arunta Project comprises two mineralised carbonatite discoveries located in Western Australia, one of the world’s pre-eminent mining jurisdictions Key access is via the Mid-State Highway, 1,300km to Port Hedland and 800km to Alice Springs The maiden drill program i
Slide 5: Luni – A Tier 1 Mineralised Carbonatite
LUNI – A TIER 1 MINERALISED CARBONATITE The Luni carbonatite is an approximately 3.5km by 1.5km intrusive system Shallow, high-grade enriched niobium mineralisation defined by over 30,000m of drilling to date Initial Mineral Resource estimate due imminently based on drilling completed to end o
Slide 6: Luni – Shallow High-Grade Blanket
LUNI – SHALLOW HIGH-GRADE BLANKET1 Drilling has defined a relatively shallow (from 30m LUNI depth) zone of high-grade niobium mineralisation CABONATITE PLAN VIEW which extends over 3km east-west and remains GRAVITY GREYSCALE open (RESU200M) AND STRUCTURAL INTERPRETATION LUDD23-001 returned 7.4m
Slide 7: Initial Flotation Results
INITIAL FLOTATION RESULTS SIMPLIFIED TESTWORK FLOWSHEET GRADE-RECOVERY CHART OF KEY OPEN CYCLE AND LOCKED CYCLE TESTS 100 Phosphate Luni Core Crushing and Phosphate Desliming Flotation Sample Grinding Concentrate 90 (Stage 1) Open cycle concentrate (4th cleaner): 80 61% Nb2O5 at 52% recovery Niobium
Slide 8: Niobium Industry Flowsheets
NIOBIUM INDUSTRY FLOWSHEETS1 INTERMEDIATE STEPS CONVERSION TO BENEFICIATION (Pyrometallurgy or FERRONIOBIUM Hydrometallurgy) (Pyrometallurgy) 53% Unoptimised Future testwork Rec’y Crushing & Grinding Desliming Future Programs Future Programs programs will provide LUNI LOCKED CYCLE 58% FLOTATION TEST
Slide 9: CBMM – Araxá Niobium Mine
CBMM – ARAXÁ NIOBIUM MINE1 The Araxá niobium deposit was discovered in 1953 and is located approximately 6km from the city of Araxá in the state of Minas Gerais, Brazil The carbonatite complex is circular in shape with an average grade of 2.5% Nb2O5 within its shallow high-grade enriched blanket
Slide 10: Global Niobium Supply
GLOBAL NIOBIUM SUPPLY GRADE OF PRIMARY NIOBIUM PRODUCERS1 ( Nb2O5) GLOBAL PRODUCTION2 2.5% 100 Ferroniobium production eq. 80% GLOBAL SUPPLY BY PRODUCER3 75 (ktpa) 11% 8% 50 25 1.0% - 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 0.4% HISTORIC PRICING BY PRODUCT (US$/KG) 50 FERRONIOBIU
Slide 11: Niobium Market Distribution
NIOBIUM MARKET DISTRIBUTION FeNb supply1 FeNb demand2 Listed as critical3 CANADA 8% EUROPE 20% JAPAN CHINA S. KOREA 35% 13% NORTH IDENTIFIED BY MANY AMERICA 18% COUNTRIES AS A CRITICAL 11% MINERAL DUE TO SUPPLY BRAZIL CONCENTRATION 91% WEST ARUNTA 80% PROJECT EU Critical Mineral Rankings - 20234 US
Slide 12: The only replacement for steel is better steel
41 Nb Niobium 92.906 The only replacement for steel is better steel ZUN TOWER1 130,000t total steel used in construction Adding 0.02% Nb to steel componentry resulted in a total steel saving of 12,000t Utilised 40t of FeNb 65% costing US$1.2m2 Saving 12,000t of steel valued at US$6m2 9% less carbon
Slide 13: Ferroniobium Demand
FERRONIOBIUM DEMAND NIOBIUM DEMAND BY TYPE1 Global ferroniobium production KEY FERRONIOBIUM MARKETS is approximately 88ktpa and sells for ~US$30,000/t1 Micro-alloyed steels using niobium increase the efficiency of the steel industry OIL & GAS STRUCTURAL PIPELINES Strength improvements allow li
Slide 14: Niobium Oxide Demand
NIOBIUM OXIDE DEMAND Niobium oxide is predominately NIOBIUM DEMAND BY TYPE3 produced through additional SPECIALTY NIOBIUM MARKETS treatment applied to refined ferroniobium1 NIOBIUM OXIDE Key established and high- 12% growth markets include2: AEROSPACE SUPERCONDUCTORS Superconductive magnets an
Slide 15: Niobium Oxide Demand – Batteries
NIOBIUM OXIDE DEMAND – BATTERIES NIOBIUM BATTERY TECHNOLOGY NIOBIUM BATTERY LEADERS 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 without
Slide 16: Key Project Workstreams
KEY PROJECT WORKSTREAMS Drilling Process Testwork Environmental Mineral Resource estimate Optimisation and Baseline surveys and studies are imminent - metallurgical, infill and variability testwork is ongoing extensional drilling underway ongoing Transport Studies Water Power Solution Multiple trans
Slide 17: WA1's ESG Focus
WA1’S ESG FOCUS 41 Nb Niobium 92.906 POSITIVE IMPACT ON THE FUTURE FACING MINERAL BUSINESS ETHICS AND COMMUNITIES WITHIN THE EXPLORATION ENABLING CORPORATE GOVERNANCE LANDS WE OPERATE DECARBONISATION Investor Presentation | Page 17
Slide 18: Key infrastructure established for ongoing exploration and development
Key infrastructure established for ongoing exploration and development activities Investor Presentation | Page 18
Slide 19: Strategically Advancing the West Arunta Project to Unlock Stakeholder Value
STRATEGICALLY ADVANCING THE WEST ARUNTA PROJECT TO EFFICIENTLY UNLOCK STAKEHOLDER VALUE KEY 2024 DELIVERABLES ASSAY RESULTS FIRST BENEFICIATION UPGRADE KEY LUNI MINERAL EXTENSIONAL & REPORTED FROM METALLURGICAL OPTIMISATION & ZONES OF THE RESOURCE INFILL DRILLING RESOURCE TESTWORK VARIABILITY RESOUR
Slide 20: Corporate Snapshot
CORPORATE SNAPSHOT CAPITAL STRUCTURE REGISTER COMPOSITION SHARE PRICE (25 JUNE 2024) A$16.77 SHARES ON ISSUE 61.3M 18% BOARD AND MANAGEMENT 26% OPTIONS1 AND PERFORMANCE RIGHTS 3.9M TALI RESOURCES 14% MARKET CAPITALISATION (UNDILUTED) A$1.03B INSTITUTIONS AND HNW INDIVIDUALS CASH (31 MARCH 2024)2 A$5
Slide 21: Leadership Team
LEADERSHIP TEAM LEADERSHIP TEAM CORPORATE AND PROJECT GEOLOGY KEY ADVISORS Tom Hunter, GM Corporate & Finance Stephanie Wray, GM Exploration & Geology Paull Parker, Consultant Geologist Chartered Accountant with 15+ years professional and Planned and executed WA1’s maiden drill program and Hig
Slide 22: Advancing an essential critical mineral project
41 Nb Niobium 92.906 Advancing an essential critical mineral project for the constrained, high-value niobium market WA1 Resources Ltd Investors Product Marketing Media Paul Savich Gustavo Macedo Michael Vaughan Lvl 2, 55 Carrington Street, Managing Director Niobium Marketing Advisor Fivemark Partner
Slide 23: References and Notes
References and Notes SLIDE 4 SLIDE 11 1. For full details refer to WA1 website and previous ASX announcements 1. NioBay Metals, Investors – Presentations, retrieved from <http://niobaymetals.com/wp/wp-content/uploads/2021/05/2021- SLIDE 5 05_Niobay_Corporate_Presentation_.pdf> on 25/10/2022 1. For p