Waratah Minerals Limited · ASX:WTM
Waratah Minerals — Shareholder Meeting (April 2024)
15 slides from Waratah Minerals's shareholder meeting presentation, Apr 16, 2024
Slide 1: AGM Presentation
AGM PRESENTATION Peter Duerden Managing Director 16th April 2024
Slide 2: Investment Highlights: Building a High-Value Discovery Portfolio
INVESTMENT HIGHLIGHTS BUILDING A HIGH-VALUE DISCOVERY PORTFOLIO Spur Project (Gold-Copper) Stawell Project (Gold) Azura Project (Gold-Copper-Nickel) ▪ Near term major gold-copper discovery ▪ Priority drill targets in Wonga-White ▪ VTEM conductors / anomalous surface opportunity in East Lachlan Rabbi
Slide 3: Overview: Capital Structure
v OVERVIEW Capital Structure Investment Highlights Shares on Issue (ASX Code: WTM) 149M Board and Management approx. 11% fully diluted Share price (as at 15 April 2024) 12cps Drilling epithermal-porphyry gold-copper in the Market Capitalisation $17.8M East Lachlan Cash at bank (as at 31 December
Slide 4: Spur Project - Gold-Copper
SPUR PROJECT- Gold-Copper Targeting Epithermal-Porphyry Gold-Copper Location – 5 kms west of Cadia Valley Project (Alkalic Au-Cu Porphyry, >50Moz / 9.5Mt Cu, ASX:NEM1) Fertile rocks - East Lachlan - Macquarie Arc –Molong Belt Targeting epithermal gold-copper as an upper-level feature of a porp
Slide 5: Spur Project - Next Door to Cadia Valley
SPUR PROJECT- Gold-Copper SPUR (ASX:WTM) CADIA VALLEY (ASX:NEM) Next Door to Cadia Valley Location – 5 kms west of Cadia Valley Project (>50Moz / 9.5Mt Cu, ASX:NEM1) Clear exploration strategy: SPUR - target outside margin of major intrusive complex - target epithermal gold-copper as an upper-le
Slide 6: Spur Project - 3D Resistivity Chargeability Geology Defines Priority Target Zone
SPUR PROJECT- Gold-Copper 3D Resistivity – Chargeability – Geology Defines Priority Target Zone Alkalic Epithermal-Porphyry Exploration Model IP CHARGEABILITY (yellow) = mapping large pyrite halo, along eastern margin of Intrusive Complex (>2.5km x NORTH >1km) IP RESISTIVITY (purple) = mapping p
Slide 7: Spur Project - Early Stage Alkalic Porphyry
SPUR PROJECT- Gold-Copper EARLY STAGE ALKALIC PORPHYRY Targeting Epithermal-Porphyry Gold-Copper ▪ Drilling has identified gold mineralisation associated with a hematite – epidote - pyrite ± magnetite skarn at Spur East (ASX WTM 10 April 2024) ▪ Potential for significant shallow gold resources and a
Slide 8: Spur Project - Late Stage Epithermal
SPUR PROJECT- Gold-Copper LATE STAGE EPITHERMAL Targeting Epithermal-Porphyry Gold-Copper ▪ Drilling has identified significant epithermal gold-copper mineralisation inc. 86m @ 1.56g/t Au, 536ppm Cu from 85m (SD010) ▪ Drilling has upgraded the prospectivity of the Spur South target, where stockwork
Slide 9: Spur Project - Targeting Epithermal-Porphyry Gold-Copper
SPUR PROJECT- Gold-Copper Targeting Epithermal-Porphyry Gold-Copper SHALLOW MINERALISED PORPHYRY SKARN DISCOVERED AT SPUR EAST SPD001 22m @ 1.92g/t Au from 11m SPUR EAST inc 5m @ 6.69g/t Au from 24m SPUR EAST HIGH-GRADE EPITHERMAL GOLD AT SPUR SPD002 44m @ 1.06g/t Au from 153m SPUR inc 5m @ 4.37g/t
Slide 10: Spur Project - Large resistivity anomaly mapping core of system
SPUR PROJECT- Gold-Copper Targeting Epithermal-Porphyry Gold-Copper Large resistivity anomaly mapping core of epithermal-porphyry system 10
Slide 11: Stawell Project - Gold
STAWELL PROJECT - Gold Intrusion-Related Gold (IRG) in the Wonga – White Rabbit Corridor ▪ Emerging Intrusion-Related gold (IRG) district - White Rabbit – Wonga IRG Corridor ▪ Stawell Gold Mine (>5Moz, 600koz of new resources discovered last 2.5yrs ) 1 ▪ Priority northeast trending White Rabbit-Wong
Slide 12: Stawell Project - Gold
STAWELL PROJECT - Gold Intrusion-Related Gold (IRG) in the Wonga – White Rabbit Corridor ▪ WHITE RABBIT DISTRICT – Open wide gold anomalous zones, ‘fertile’ gold- multielement IRG signature (Au-Te-Bi-Mo-Sb-As) - 118.9m @ 0.1g/t Au, 11.8ppm Mo from 17.1m (DD9, ASX WTM 21 August 2023)) - 8m @ 0.79g/t
Slide 13: Ramping Up Newsflow
RAMPING UP NEWSFLOW 2024 ACTIVITY SUMMARY Investment Graphite ACTIVITY MAR QTR JUNE QTR SEPT QTR Complete Spur transaction Discovery SPUR PROJECT Drilling – DD Gold - Copper Drilling – RC Target Definition, inc. Discovery geophys Copper - Nickel Target Definition, inc. geophys STAWEL PROJECT Drillin
Slide 14: References
REFERENCES ▪ Alkane 2023., Resource and Reserve Statement FY23, 13 September 2023 ▪ ASX BAT 3 April 2023 Completion of Tirupati Sale ▪ CMOC 2023., China Molybdenum Company Limited, 2022 Annual Report, http://www.cmocinternational.com/ ▪ ASX BAT 17 May 2023 White Rabbit Maiden Diamond Drilling Commen
Slide 15: 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”, “