Waratah Minerals Limited · ASX:WTM
Waratah Minerals — Technical Presentation (September 2024)
21 slides from Waratah Minerals's technical presentation, Sep 5, 2024
Slide 1: Technical Presentation
TECHNICAL PRESENTATION Targeting porphyry and epithermal gold-copper mineralisation at the Spur Project, Cargo District, East Lachlan 5 SEPTEMBER 2024 Peter Duerden ASX: WTM Managing Director OTC: BTRYF
Slide 2: East Lachlan – Macquarie Arc
EAST LACHLAN – MACQUARIE ARC 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 succe
Slide 3: Macquarie Arc – Truncated-Deformed Oceanic Arc
MACQUARIE ARC – Truncated-Deformed Oceanic Arc Arc to Post-Collisional Magmatism • East Lachlan - Macquarie Arc – Molong Volcanic Belt - Cargo District • Eastonian hiatus – limestone, Llandovery cover? • Benambran Orogeny ~ 444-442Ma – post collisional magmatism Ridgeway SPUR Deposit PROJECT NEM.ASX
Slide 4: Spur Project – Advances in East Lachlan Framework
SPUR PROJECT – Advances in East Lachlan Framework Multiple magmatic transitions through Arcs history • Rapid advances in knowledge at Cowal highlighting trends • Leslie 2021, Metallogeny of the Cowal district, PhD • Zukowski, 2010, Geology and Mineralisation of the Endeavour 41 Gold Deposit, Cowal D
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 – Early Intrusive Architecture
SPUR PROJECT – Early Intrusive Architecture SPUR PROJECT (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
Slide 7: Spur Project – The epithermal-porphyry link
SPUR PROJECT – The epithermal-porphyry link SPUR PROJECT (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) • Simi
Slide 8: 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 9: 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 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: Spur Project - Geochemical vectoring
SPUR PROJECT- Geochemical vectoring ORTHOCLASE Building a Geochemical Model • Rapidly building geochemistry dataset (4ACID) from drilling • Au correlates strongly with Ag, Te, Cu, Bi at the Spur Prospect • Strongly developed albite, weak phyllic, potassic alteration trends Phyllic becoming evident S
Slide 15: Spur Project – Intrusive-hydrothermal history gaps
SPUR PROJECT – Intrusive-hydrothermal history gaps Broad trend to alkalic magmatic compositions through time NCG004 157m SD003 82.5m SD003 82.5m NCG004 529.9m chl- NCG004 328.6m SD001 61.5m CNSW-87-1 31.5m quartz+hbd+K-feldspar +plag hornblende-K-feldspar- hornblende-K-feldspar- altered pyroxene por
Slide 16: Spur Project – Developing Intrusive-hydrothermal framework
SPUR PROJECT – Developing Intrusive-hydrothermal framework Timing of Spur hydrothermal activity • Multiphase intrusive-porphyry-epithermal system • Broad trend to alkalic compositions through time • Limited geochronology, whole rock geochemistry representative data • Cross cutting relationships indi
Slide 17: Spur Project - Accelerating Research and Exploration Activity
SPUR PROJECT- Accelerating Research and Exploration Activity CODES/UTAS • Ongoing CODES/UTAS projects - Mineral systems characterization (Seeking PhD student) - Geochronology – Geochemistry - Geometallurgy Geological Survey of NSW • Geological Survey of NSW - Hylogger - Geochronology - Paleontology
Slide 18: Spur Project - Summary
SPUR PROJECT- Summary • Historic exploration focused on intrusion-hosted/calc-alkaline porphyry systems • Current active exploration targeting poorly tested Tier 1 search space = wallrock epithermal- porphyry • Wallrock epithermal-porphyry discovery strategy: 1) - target wallrock / early intrusive c
Slide 19: References
REFERENCES ▪ Milojkovic, Reid, Green, Clifford, Browne, Biggam, Fredericksen, Andrew, Barker, 2022. Geology of ▪ Alkane 2023., Resource and Reserve Statement FY23, 13 September 2023 the Cowal Gold Mine and Discovery of the Dalwhinnie Ore Zone, Evolution Mining, ▪ CMOC 2023., China Molybdenum Company
Slide 20: 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 21: Contact us
Contact us Peter Duerden Managing Director info@waratahminerals.com P: +61 8 6148 1000 www.waratahminerals.com ASX: WTM OTC: BTRYF
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