Wa1 Resources Ltd · ASX:WA1
Wa1 Resources — Shareholder Meeting (November 2025)
21 slides from Wa1 Resources's shareholder meeting presentation, Nov 20, 2025
Slide 1: WA1 Resources Ltd Annual General Meeting November 2025
WA1 RESOURCES LTD ANNUAL GENERAL MEETING NOVEMBER 2025 For personal use only Nb
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 Project highlights
Nb The Luni Niobium Project was discovered late 2022, with the first ferroniobium sample produced in 2024 and an Indicated MRE reported mid-2025 100% owned by WA1 For personal use only A$155M in cash to advance key Project workstreams1 Strong share register of long-term institutional investors Board
Slide 4: Corporate Snapshot
CORPORATE SNAPSHOT CAPITAL STRUCTURE BOARD OF DIRECTORS Share price (19 November 2025) A$15.39 Kathleen Bozanic Non-Executive Chair For personal use only Shares on issue 74.2M Paul Savich Managing Director Performance rights 0.5M Tom Lyons Executive Director Market capitalisation (undiluted) A$1.14B
Slide 5: Luni Niobium Project
LUNI NIOBIUM PROJECT 1 Since 2023, drilling has focused on defining the shallow, oxide-enriched blanket of high-grade niobium mineralisation overlying the carbonatite plug For personal use only Resource definition drilling has resulted in a substantial Indicated Mineral Resource estimate (MRE) f
Slide 6: Luni Mineral Resource Estimate
LUNI MINERAL RESOURCE ESTIMATE1 The Luni Niobium Project now contains a substantial Indicated MRE: 73 Mt at 1.38% Nb2O5 within a total MRE of 220 Mt at 1.0% Nb2O5 For personal use only 200 46% of contained The Indicated MRE contains a high-grade subset of: 73 Mt niobium classified at 1.38% as
Slide 7: Indicated MRE Supporting Mine Design
INDICATED MRE SUPPORTING MINE DESIGN1 46% of the niobium contained within the Luni MRE is in the Indicated category 73 Mt For personal use only The Indicated MRE is being utilised to inform mine design and at 1.38% development studies, and is split between two key zones providing 70 optionality
Slide 8: East Infill 2025
For personal use only 8| East Infill 2025
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 For personal use only WA1 is testing a conventional flowsheet utilising similar steps to the three existing mines 1 2 3
Slide 10: Proof of Concept Ferroniobium Testwork
PROOF OF CONCEPT FERRONIOBIUM TESTWORK1 1 2 3 CONVERSION TO REFINING BENEFICIATION FERRONIOBIUM For personal use only (Hydrometallurgy) (Pyrometallurgy) Crushing, Grinding and Conversion Vessel Calcining LUNI Desliming (Aluminothermic Reaction) MINERALISATION Phosphate Flotation HCl Wash (Stage 1) N
Slide 11: Product Mix Enables Opportunity
PRODUCT MIX ENABLES OPPORTUNITY1 CONVERSION TO REFINING TO REFINING BENEFICIATION FERRONIOBIUM NIOBIUM OXIDE (Hydrometallurgy) For personal use only (Pyrometallurgy) (Hydrometallurgy) Crushing, Grinding and Conversion Vessel Calcining HF Leach LUNI Desliming (Aluminothermic Reaction) MINERALISATION
Slide 12: Developing One of Australia's Most Strategic Critical Mineral Projects
DEVELOPING ONE OF AUSTRALIA’S MOST STRATEGIC CRITICAL MINERAL PROJECTS Mine Design Process Testwork Environmental For personal use only Indicated MRE informing mine Ongoing testwork to refine process Targeted surveys and design and ongoing pre- flowsheet development across the studies to support for
Slide 13: Drilling to Support Development
DRILLING TO SUPPORT DEVELOPMENT1 Two drill rigs in operation at Luni, with a focus on resource definition and pre-development activities Drilling has been completed across a broad area to inform site design and disturbance envelopes For personal use only Hydrogeological bore installation and p
Slide 14: Airstrip Construction in Progress
For personal use only Airstrip Construction in Progress 14 |
Slide 15: Detailed Hydrogeological Studies in Progress
For personal use only Detailed Hydrogeological Studies in Progress 15 |
Slide 16: Caring for Country, Together
For personal use only Caring for Country, Together 16 |
Slide 17: WA1 in the Community
For personal use only WA1 in the Community 17 |
Slide 18: 2025 DMPE Community Partnership Award
For personal use only 2025 DMPE Community Partnership Award 18 |
Slide 19: An Essential Critical Mineral Project for the Constrained High-Value Niobium Market
For personal use only 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, 437 Roberts Road T: +61 8 6478 7
Slide 20: Appendix A - References and Notes
APPENDIX A - REFERENCES AND NOTES SLIDE 3 1. Cash balance as at 30 September 2025 2. For full details refer to WA1 website and previous ASX announcements SLIDE 5 For personal use only 1. For full details refer to ASX announcement dated 30 June 2025 SLIDE 6 1. For full details refer to ASX announceme
Slide 21: Appendix B - Mineral Resource & Competent Person Statements
APPENDIX B – MINERAL RESOURCE & COMPETENT PERSON STATEMENTS Tonnes Nb₂O₅ Nb₂O₅ P₂O₅ P₂O₅ For personal use only (Mt) (%) (kt) (%) (kt) Competent Person Statements: Indicated 73 1.38 1,000 11.3 8,200 The information in this presentation that relates to Exploration Results is based on information compi