Waratah Minerals Limited · ASX:WTM
Waratah Minerals — Investor Presentation (May 2026)
21 slides from Waratah Minerals's investor presentation, May 2026
Slide 1: Investor Presentation
Investor Presentation ASX:WTM | May 2026
Slide 2: Investment Highlights
Investment Highlights Creating value for our stakeholders through discovery Emerging large-scale gold discovery District scale land position that continues to show the potential to host a globally significant gold deposit Strong management team & board Spur Project Gold-Copper High calibre discovery
Slide 3: Drilling Returns Second >200gram-metre Intercept at Consols
Drilling Returns Second >200gram-metre Intercept at Consols Consols Zone grows to >300m east-west, >400m north-south and >600m vertically Consols Zone Expansion and Exploration Drilling SPD027 returns the second >200 gram-metre intercept at the Project SPD027 47.77m @ 0.54 g/t Au from 385.23m and 14
Slide 4: Corporate Overview
Corporate Overview 310M 11% $0.705c $218M $22.5M Shares on Issue Board and Management Share price Market Cash at bank (ASX Code: WTM) (fully diluted) (4 May 2026) Capitalisation (31 Mar 2026) Board of Directors Significant Shareholders Dr. Andrew Stewart Peter Duerden 4 1832 Asset Management 9.8% Ex
Slide 5: Macquarie Arc
Macquarie Arc Home of World-Class Gold-Copper Deposits Australia’s Premier Au - Cu Belt • Gold and copper elephant country • Several major mining operations • Discovery potential validated by recent discoveries & global majors investing in region 5 • Since 2023 - A$1.6Bn in mining M&A and A$300m in
Slide 6: Strategic Position in an Established Mining District
Strategic Position in an Established Mining District A Major Gold Mining District Developed Infrastructure • High Voltage Power / Gas - State Grid • Several major mining operations • Skilled local workforce 6 Brownfields Environment • Untested potential • Large fertile Macquarie Arc porphyry intrusi
Slide 7: Spur Gold – Copper Project
Spur Gold – Copper Project Highly strategic district-scale land position 100% Ownership of a Large Gold District • Multiple discovery opportunities • Numerous multiphase intrusive porphyry complexes • Covering ~100 square kilometres 7 Unique & Strong Tenure • Cargo Mining Common was set aside specif
Slide 8: Spur Gold – Copper Project: Project History
Spur Gold – Copper Project Project History Pre-1970s 1970s/1980s • Historical mining • Porphyry copper potential • 1860s alluvial mining & small- recognised scale underground and open pits • Anaconda, Billiton, Cyprus Gold on gold veins 2018 1990s - 2016 8 • Deep Ore Discovery P/L • Golden Cross Res
Slide 9: Spur Gold – Copper Project
Spur Gold – Copper Project Large under-explored gold district Multiple discovery opportunities • Historic exploration focused on copper • Numerous outcropping gold-rich veins Rapidly growing scale & grade 9 • High strike rate to date with Spur & Consols • Value-creation through discovery and resourc
Slide 10: Rapidly Demonstrating Growing Systems
Spur Gold – Copper Project Rapidly Demonstrating Growing Systems Spur Gold Zone • Spur zone covers 1km x 250m • High grade gold occurs as shallowly north plunging zones, within broader south plunging domains • System remains open 10 Consols Gold Zone • Growing Consols zone now >300m east-west, >400m
Slide 11: Exceptional High-Grade Drill Results
Exceptional High-Grade Drill Results Getting Better with Geological Understanding Top Intercepts SPRCD062: 208.7m @ 1.17 g/t Au from 514m (Consols) SPD027: 117m @ 2.01 g/t Au from 661m (Consols) 11 SPD025: 80m @ 1.78 g/t Au from 271m (Consols) SPRC007: 104m @ 1.53 g/t Au from 112m (Spur) SPD021: 6m
Slide 12: Spur Gold Zone
Spur Gold Zone Diamond Drilling Defining A Large System With Numerous High-Grade Shoots 12 ASX:WTM 124g/t Au 44.3g/t Au
Slide 13: Consols Gold Zone
Consols Gold Zone Consols Zone – Major New Gold Discovery Multiple high-grade gold zones East-west quartz-sulphide sheeted vein sets associated with strong potassic alteration Unlocking ounces for substantial resource growth 13 SPD011: A 1m @ 12.03g/t from 793m A SPD015: 1m @ 42.19g/t from 296m ASX:
Slide 14: Geometallurgy Confirms High Gold Recoveries at Spur
Sample: SPRCD037 – 436m (Spur) Sample Scan Geometallurgy Confirms High Gold Recoveries at Spur Results suggest simple, conventional Mineral map from micro-XRF scan process pathway for Spur Geometallurgical Results • High gold recoveries of over 90% (90-97%) by gravity and conventional leaching Miner
Slide 15: Exploration Upside
Exploration Upside Emerging Large-Scale Gold Discovery District scale land position • Multiple promising new targets • Exploration continues to show the potential to host discoveries 15 Strategic Acquisition • Acquired 100% of Mining Lease GL5828 (Ironclad) • Ironclad sits directly along strike from
Slide 16: 2026 - Growth & Discovery Drilling Underway at Spur Gold Project
2026 - Growth & Discovery Drilling Underway at Spur Gold Project Targeting Resource Growth & New Discoveries Growth & discovery drilling underway • 80,000-metre drilling program in 2026 • 10 drill rigs active Targeting & scope • Multiple rigs targeting shallow, near-surface 16 mineralisation, and de
Slide 17: Investment Summary
Investment Summary Unlocking Australia’s Next Multi Million Ounce Gold District Rare tenure opportunity Only 10% of 50 sq Cargo Mining Common could Exploration km trend tested facilitate rapid permitting Upside System extension could double resource potential with drilling Investor appeal Tight stru
Slide 18: Disclaimer, Compliance & Cautionary Statements
Disclaimer, Compliance & Cautionary Statements 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
Slide 19: References
References ▪ ASX WTM 23 January 2024 Spur drilling commences ▪ Alkane 2023, Resource and Reserve Statement FY23, 13 September 2023 ▪ ASX WTM 10 April 2024 Epithermal and Porphyry Skarn Gold at Spur ▪ ASX WTM 24 May 2024 ANT Results ▪ Blue Ocean Equities 2024., Research Note, 8 October 2024 ▪ ASX WTM
Slide 20: Notes
Notes w 20 ASX:WTM
Slide 21: Contact Us
Contact Us Andrew Stewart Executive Chair E: info@waratahminerals.com W: waratahminerals.com ASX:WTM waratahminerals.com