Western Mines Group Ltd · ASX:WMG
Western Mines — Non-Deal Roadshow (February 2023)
15 slides from Western Mines's roadshow presentation, Feb 20, 2023
Slide 1: Exploring a Major Komatiite Nickel System Under Cover
For personal use only WESTERN MINES GROUP EXPLORING A MAJOR KOMATIITE NICKEL SYSTEM UNDER COVER EAST COAST NON-DEAL ROADSHOW PRESENTATION BRISBANE – SYDNEY – MELBOURNE - ADELAIDE 20-24 FEBRUARY 2023 @westernmines westernmines Western Mines Group ASX: WMG www.westernmines.com.au
Slide 2: Disclaimer
DISCLAIMER For personal use only NATURE OF THIS DOCUMENT This presentation has been prepared by Western Mines Group Limited ACN 640 738 834 (Company). The information is based on publicly available information, internally developed data and other sources. By receiving this presentation, you acknowle
Slide 3: A Small Company with a Big Project
A SMALL COMPANY WITH A BIG PROJECT 10x For personal use only WESTERN MINES GROUP COMPANY OVERVIEW “An exploration driven company • High-impact exploration focused on Ni-Cu-PGE and Au looking to create value through • 8 projects all located in Western Australia discovery” • Flagship Mulga Tank Ni-Cu-
Slide 4: Frontier Exploration in World Class Nickel Province
FRONTIER EXPLORATION IN WORLD CLASS NICKEL PROVINCE For personal use only YILGARN CRATON WESTERN AUSTRALIA • One of the world’s major nickel provinces • World-class examples of komatiite-hosted nickel deposits – Kambalda (35Mt @ 3.1% Ni), Perseverance (50Mt @ 2.3% Ni) and Mt Keith (643.7Mt @ 0.58% N
Slide 5: Belt Scale Opportunity
BELT SCALE OPPORTUNITY For personal use only MAJOR KOMATIITE NICKEL SYSTEM UNDER COVER • Minigwal Greenstone Belt and Mulga Tank Ultramafic Complex under explored due to ~60m sand cover • Limited diamond drilling has penetrated ultramafic system - nearly all holes show komatiite/dunite hosted Ni-Cu-
Slide 6: Chasing Major Deposits
CHASING MAJOR DEPOSITS For personal use only EXPLORATION MODELS ARE PERSEVERANCE AND MT KEITH • Mulga Tank meso-adcumulate dunite body of comparable size/scale to Perseverance and Mt Keith PERSEVERANCE-STYLE MT KEITH-STYLE Type 1 Stratiform Basal Massive Sulphide* Type 2 Interstitial Disseminated Su
Slide 7: Extensive Working Nickel Sulphide System
EXTENSIVE WORKING NICKEL SULPHIDE SYSTEM For personal use only PENTLANDITE EVERYWHERE ASX:WMG Western Mines Group Company Presentation, February 2023 7
Slide 8: Systematic Exploration Approach
SYSTEMATIC EXPLORATION APPROACH For personal use only VECTORING TOWARDS NICKEL MINERALISATION • Exploration team lead by WA nickel expert Dr Ben Grguric • Building a robust exploration model for the discovery of multiple nickel sulphide deposits at Mulga Tank • Combined geophysical, geological and g
Slide 9: Phase 1 Diamond Drilling Tested a Range of Targets
PHASE 1 DIAMOND DRILLING TESTED A RANGE OF TARGETS For personal use only VISIBLE NICKEL SULPHIDES IN SIX OUT OF TEN HOLES • Significantly enhanced the understanding of the complex HoleID Target Description des lphi MTD012 Geology i su Tested western margin of the intrusion between holes MTD003, MTD0
Slide 10: Phase 2 Follow-up Program
PHASE 2 FOLLOW-UP PROGRAM For personal use only DEEP EIS HOLES UNLOCK KNOWLEDGE OF THE SYSTEM • Phase 2 ~4,000-5,000m diamond program in progress • Successful EIS award of $220,000 towards two deep diamond holes TYPE 1 MASSIVE SULPHIDE TARGETS • DHEM multiple high conductance offhole anomalies • Rem
Slide 11: Western Margin Perseverance-Style Target
WESTERN MARGIN PERSEVERANCE-STYLE TARGET For personal use only REMOBILISED MASSIVE NICKEL SULPHIDE VEINING • Multiple zones of remobilised massive nickel sulphide veinlets above a large EM target • MTD012: 0.5m at 1.49% Ni, 0.04% Cu and 0.04% Co from 385.8m • MTD013: 1.6m at 0.83% Ni and 0.30g/t Pt+
Slide 12: Main Dunite Body Mt Keith-Style Potential
MAIN DUNITE BODY MT KEITH-STYLE POTENTIAL For personal use only DISSEMINATED SULPHIDES OVER >300M INTERVALS • Holes MTD020, MTD022 and MTD023 intersected extensive disseminated magmatic sulphides • MTD022: 114m at 0.31% Ni, 33ppm Cu, 121ppm Co from 124m (0.25% Ni cut-off) inc. 14m at 0.48% Ni, 152pp
Slide 13: Panhandle Kambalda-Style Komatiite Channel
PANHANDLE KAMBALDA-STYLE KOMATIITE CHANNEL For personal use only KOMATIITE CHANNEL WITH NICKEL SULPHIDES • Panhandle feature interpreted komatiite channel extending NW • MTD006: 0.25m at 3.80% Ni, 0.7% Cu and 0.7g/t PGE from 385.8m • MTD016: 0.9m at 1.06% Ni, 0.06% Cu and 0.05g/t Pt+Pd from 281.6m i
Slide 14: Exciting Discovery Opportunity
EXCITING DISCOVERY OPPORTUNITY For personal use only EXPLORATION PHILOSOPHY • We believe there are multiple nickel deposits to be found at Mulga Tank • We strive to do high-quality technical exploration work • We are frugal with overheads to maximise exploration spend and minimise equity dilution •
Slide 15: Directors
DIRECTORS For personal use only Rex Turkington Non-Executive Chairman Capital Markets | Corporate Management Rex is a highly experienced corporate advisor and economist who has worked extensively in the Australian financial services and stockbroking industry, specialising in the natural resources se
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