Win Metals Ltd · ASX:WIN
Win Metals — Noosa Mining Investor Conference 2025
20 slides from Win Metals's conference presentation, Nov 14, 2025
Slide 1: A Golden Time, Golden Opportunity
ASX:WIN winmetals.com.au For personal use only A Golden Time, Golden Opportunity 14 November 2025 - Noosa Mining Investor Conference
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer This Presentation has been prepared by WIN Metals Limited (“WIN” or the “Company”) to assist in informing interested parties or reliance on this presentation or its contents or otherwise arising in connection with it, including without limitation, any liability about
Slide 3: Project Portfolio - Diversified with near term production potential
Project Portfolio - Diversified with near term production potential Four distinct project areas in Western Australia For personal use only focused on exploring and developing resources in gold, nickel and lithium • Radio Gold Mine – Latest acquisition, drilling currently • Butchers Creek Gold Projec
Slide 4: RADIO Mine Acquisition - Near term production potential
RADIO Mine Acquisition - Near term production potential Historical production +71Koz @ 38.5g/t Au from 1918 to 1974 For personal use only 10km2 mining tenements. Fully permitted mine- decline developed 330m, 200m ore development. Production stopes ready Mobile & Fixed Mining Equipment- Jumbos, loade
Slide 5: Open Pit - Near surface gold prospectivity highlighted
Open Pit - Near surface gold prospectivity highlighted 9,000m RC drill program, currently 90% complete and designed to: For personal use only • Establish Radio Repeater and Radio South resources; and • Confirm and Expand Radio Central mine resource This investment accounts for just under 50% of all
Slide 6: Development Potential - Significant sunk capital to leverage
Development Potential - Significant sunk capital to leverage Consider concurrent Open pit/UG development & other opportunities. Processing optionality - Toll or gravity onsite (+ 85% Gravity recoverable gold), partially completed For personal use only Processing facility constructed with permitted t
Slide 7: First Pass Results at Repeater Impress!
First Pass Results at Repeater Impress! For personal use only WIN METALS Repeater long section looking north west. Call outs hole ID, x m at xx g/t Au Announced 15% of results to date, remaining assays pending..more announcements to come 7
Slide 8: ASSET Rich Acquisition- Retain and use or partially divest
ASSET Rich Acquisition- Retain and use or partially divest $$ For personal use only WIN METALS 8
Slide 9: Butchers Creek: Background
Butchers Creek: Background • Halls Creek region was the site of the first gold rush in Western For personal use only Australia mid 1880’s. • Butchers Creek located 30km south-east of Halls Creek in the Kimberley region of Western Australia. • Accessible via the partially sealed Duncan Road that conn
Slide 10: Butchers Creek Gold Project: Mineral Resource
Butchers Creek Gold Project: Mineral Resource Resource Tonnes Contained Deposit Last Update Au g/t Classification (Mt) Gold (Oz) Indicated 3.58 2.24 258,000 For personal use only Butchers Apr-25 Creek Inferred 1.65 1.18 63,000 Golden Jun-21 Inferred 0.40 3.10 38,000 Crown Indicated + Total 5.63 1.98
Slide 11: Drilling Delivers High Grade Results - Down Plunge Potential Confirmed
Drilling Delivers High Grade Results - Down Plunge Potential Confirmed • Drilling confirms mineralisation remains open down plunge with the potential for resource growth • Strong coherent zones of gold mineralisation3 from first For personal use only program reported including: 24BCRC002 66m @ 1.89g
Slide 12: Butchers Creek Scoping Study- Understanding the value proposition
Butchers Creek Scoping Study- Understanding the value proposition For personal use only Open Pit cutback Rock Fill Stopes Haulage Decline Cemented Rock Fill Pillars Vent Decline WIN METALS Open Stopes 12
Slide 13: Site Layout- reinstating what was there years ago
Site Layout- reinstating what was there 30 years ago Value retained through existing large capacity tailings storage facility (+4mt capacity remaining) For personal use only Abundance of potable water available for processing in man made dams Plant site cleared Nominal waste dump capacity required -
Slide 14: Scoping Study Outcomes Key Financial Assumptions
Scoping Study Outcomes Key Financial Assumptions Gold Price A$/oz 5,385 Discount Rate % 8 Unit of Assumptions Diesel Price A$/litre 1.75 Measure Open Pit Mine Duration years 0.9 Cement Price A$/t 587 Underground Mine Processing Plant Gold Recovery % 94.6 Duration years 7.75 For personal use only Uni
Slide 15: Golden Crown – Test strike & depth extent
Golden Crown – Test strike & depth extent….still to come • 2km of mineralised strike within syenite host unit • Shallow RC drilling planned to unlock open pit potential along strike 9,000m planned- 2026 Q2 For personal use only • Current Resource 38koz at 3.10g/t Au limited to a depth of 100m Signif
Slide 16: Retaining Optionality and Preserving Latent Value
Retaining Optionality and Preserving Latent Value Nickel and Lithium 240km2 granted mining leases covering the highly prolific Widgiemooltha Dome, For personal use only with exposure to two critical minerals. Mt Edwards Nickel Project Significant resource, upgraded through drilling, Scoping Study co
Slide 17: Board and Management
Board and Management Andrew Parker Steve Norregaard For personal use only Non-Executive Chair Managing Director & CEO Andrew holds a Bachelor of Laws (LLB) degree from the Steve is an experienced resources industry executive, University of Western Australia and has significant company director, and
Slide 18: WIN Metals Ltd
WIN Metals Ltd Issued Capital- 687,961,543 Shares For personal use only Unlisted Options/rights- 184,567,362 Share Price 5/11- $0.045 Market Cap- $31M WIN METALS 18
Slide 19: WINMETALS.COM.AU
WINMETALS.COM.AU For personal use only Level 4, 220 St Georges Tce, Perth, WA 6000 +61 8 63817250 WIN METALS info@winmetals.com.au ASX: WIN 19
Slide 20: Mt Edwards Nickel and Faraday Lithium Resources
Mt Edwards Nickel and Faraday Lithium Resources For personal use only WIN Metals Mt Edwards Nickel Resource Estimate All Resources reported at 1.0% Ni cut-off except for WTS, Widgie 3, Gillett and Armstrong which are reported at 0.7% Ni cut- off. Tonnes and grade have been rounded to reflect the rel