Waratah Minerals Limited · ASX:WTM
Waratah Minerals — Investor Presentation (August 2024)
18 slides from Waratah Minerals's investor presentation, Aug 27, 2024
Slide 1: Investor Presentation
INVESTOR PRESENTATION Emerging epithermal-porphyry gold-copper discovery in the East Lachlan 27 AUGUST 2024 Peter Duerden ASX: WTM Managing Director OTC: BTRYF
Slide 2: Investment Highlights
INVESTMENT HIGHLIGHTS Discovery Strategy Opens Near Term High-Value Gold-Copper Well Funded with New Search Space Value Catalysts Targets Focus Supportive Register - wallrock / intrusive - active drilling inc. - Tier 1 epithermal – porphyry - strong macro - tight structure, complex margin setting -
Slide 3: Corporate Overview
CORPORATE OVERVIEW Board of Directors Peter Duerden Capital Structure Managing Director Shares on Issue (ASX Code: WTM) 187M Peter Duerden has over 20 years’ experience in the mining and exploration industry working across a range of commodities and deposit styles. He has a track record of Board and
Slide 4: Why Macquarie Arc / East Lachlan?
WHY MACQUARIE ARC / EAST LACHLAN? Home of Giant Mineral Systems • Home to Australia’s premier gold-copper porphyry district including Tier 1 gold-copper mine at Cadia Valley (ASX:NEM, FY23 - 600koz @ $45 AISC) • Significant recent investment by majors, ~$300m in JVs in 12 months • Ongoing discovery
Slide 5: Spur Project - Deploying a New Discovery Strategy
SPUR PROJECT - Deploying a New Discovery Strategy 1) - Targeting Wallrock Epithermal-Porphyry Gold-Copper • Historic porphyry exploration in the belt has targeted intrusion-hosted mineralisation, i.e. drill the mag high, however most high value deposits are wallrock-hosted, outside main intrusive co
Slide 6: Spur Project – Next Door to a Giant
SPUR PROJECT – Next Door to a Giant SPUR (ASX:WTM) CADIA VALLEY (ASX:NEM) Tier 1 Cadia Valley Gold-Copper Project (ASX:NEM) • Location – 5 km west of Cadia Valley Project (Alkalic Au- Cu Porphyry, >50Moz / 9.5Mt Cu, ASX:NEM1) • Dominantly ‘wallrock’ systems / outside early intrusive complex SPU • Fe
Slide 7: Spur Project - Early-stage porphyry gold-copper
SPUR PROJECT- Early-stage porphyry gold-copper EARLY STAGE ALKALIC PORPHYRY (Upper Level) Targeting Epithermal-Porphyry Gold-Copper • Early-stage alkalic porphyry alteration (Gold-Copper): o ‘Red-rock’ hematite (inner-propylitic) o Epidote + pyrite ± magnetite ± hematite skarn o Stratabound K-feldsp
Slide 8: Spur Project - Late-stage epithermal gold
SPUR PROJECT- Late-stage epithermal gold LATE STAGE EPITHERMAL (Upper Level) Targeting Epithermal-Porphyry Gold-Copper ▪ Late-stage Epithermal (Gold): o - Quartz + magnetite + pyrite ± chalcopyrite veins o - Pyrite ± Pyrrhotite ± chalcopyrite veins / stringers / disseminated o - 86m @ 1.56g/t Au, 53
Slide 9: Spur Project – The epithermal-porphyry link
SPUR PROJECT – The epithermal-porphyry link SPUR (ASX:WTM) COWAL GOLD CORRIDOR (ASX:EVL) Strong similarities with Cowal Gold Corridor (ASX:EVN) E46 GRE46 • Cowal (ASX:EVL, > 11Mozs Au) - early hematite-albite porphyry alteration with late epithermal veining (E41, Zukowski et al, 2014) • Similar earl
Slide 10: Spur Project – Strong Exploration Results
SPUR PROJECT – Strong Exploration Results Targeting Epithermal-Porphyry Gold-Copper HIGH-GRADE EPITHERMAL GOLD AT SPUR SPRC007 89m @ 1.73g/t Au, 0.08% Cu from 115m SPUR inc. 57m @ 2.50g/t Au, 0.11% Cu from 115m SPUR also 16m @ 5.59g/t Au, 0.32% Cu from 156m SPUR also 9m @ 9.33g/t Au, 0.38% Cu from 1
Slide 11: Spur Project – Strong Exploration Results
SPUR PROJECT – Strong Exploration Results Targeting Epithermal-Porphyry Gold-Copper HIGH-GRADE EPITHERMAL GOLD AT SPUR SPRC007 89m @ 1.73g/t Au, 0.08% Cu from 115m SPUR inc. 57m @ 2.50g/t Au, 0.11% Cu from 115m SPUR also 16m @ 5.59g/t Au, 0.32% Cu from 156m SPUR also 9m @ 9.33g/t Au, 0.38% Cu from 1
Slide 12: Spur Project - ANT Geophysics defines large scale potential
SPUR PROJECT- ANT Geophysics defines large scale potential Defining margins of intrusive complexes = priority target zones GUM FLAT DALCOATH SPUR ESSEX-CONSOLS WEST 22m @ 1.92 g/t Au from ▪ Ambient Noise Tomography (ANT) geophysics has 11m 62m @ 0.48 g/t Au from defined multiple additional large int
Slide 13: Spur Project - ANT Geophysics defines large scale potential
SPUR PROJECT- ANT Geophysics defines large scale potential Highlighting large scale potential in 3D Spur • Ambient Noise Tomography (ANT) geophysics has Prospect defined multiple additional large intrusive-porphyry target zones, define margins at high res to >1km Spur W Intrusive- • Dataset extends
Slide 14: Ramping Up Activity and Newsflow
RAMPING UP ACTIVITY AND NEWSFLOW ACTIVITY SUMMARY Discovery Gold - Copper ACTIVITY SEPT QTR DEC QTR MARCH QTR Drilling – RC/DD Discovery SPUR PROJECT Relogging historic Copper - Nickel Target Definition, inc. geophys Research - CODES Investment Graphite Target Definition, inc. geophys PROJECT STAWEL
Slide 15: Investment Case
INVESTMENT CASE Discovery Strategy Opens New Search Space • wallrock / intrusive complex margin setting (wallrock-style epithermal-porphyry) • link between epithermal and porphyry mineralisation Near Term Value Catalysts • active drilling inc. - 89m @ 1.73g/t Au, 0.08% Cu from 115m (SPRC007) - 11m @
Slide 16: References
REFERENCES ▪ Newcrest 2021, Newcrest agrees to acquire Pretium Resources Mining, ASX, 9 November 2021 ▪ Alkane 2023., Resource and Reserve Statement FY23, 13 September 2023 ▪ Newmont 2023, Mining Annual Mineral Resources and Ore Reserves Statement, ▪ CMOC 2023., China Molybdenum Company Limited, 202
Slide 17: Disclaimer – Important Information
DISCLAIMER – IMPORTANT INFORMATION Forward Looking Statements This announcement contains “forward-looking statements” within the meaning of securities laws of applicable Waratah Minerals confirms that it is not aware of any new information or data that materially affects the information jurisdiction
Slide 18: Contact us
Contact us Peter Duerden Managing Director info@waratahminerals.com P: +61 8 6148 1000 www.waratahminerals.com ASX: WTM OTC: BTRYF
Waratah Minerals — Investor Presentation (August 2024) on 6ix