Western Gold Resources Ltd. · ASX:WGR
Western Gold Resources — Investor Presentation (October 2023)
22 slides from Western Gold Resources's investor presentation, Oct 24, 2023
Slide 1: Exploring for a Greener Future
EXPLORING FOR A GREENER FUTURE GRAPHITE AND RARE EARTH ELEMENT PROJECTS IN SWEDEN ASX: WGR
Slide 2: Disclaimer / Competent Person Statement
DISCLAIMER / COMPETENT PERSON STATEMENT This presentation by its nature contains summarised information. See other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange by Western Gold Resources Limited (WGR), which are available at www.asx.com.au for more i
Slide 3: Vision
JN0 VISION DEVELOP AND SUPPLY GRAPHITE AND REE MINERALS CRITICAL TO THE DECARBONISATION OF THE ECONOMY ASX: WGR 3
Slide 4: Corporate Overview (ASX:WGR)
CORPORATE OVERVIEW (ASX:WGR)* CURRENT 152.8M $2.1M $5.3M $3.2M 73% SOI (incl. capital Cash on hand Market Enterprise value Top 20 raise and (post completion) capitalisation Shareholders vendors) (@ $0.035) POST ACQUISTION ASX:WGR SHAREHOLDER SPREAD SOI (incl. capital raise and vendors) 152.8M 27% Ou
Slide 5: Board and Management Team
BOARD AND MANAGEMENT TEAM GARY LYONS WARREN THORNE PATRICK BURKE Teck Siong Wong Non-Executive Chairman Managing Director Non-Executive Director Non-Executive Director Successful and well- Geologist with 22 years of Extensive legal and corporate Experience working in and respected Director with expe
Slide 6: Project Snapshot
PROJECT SNAPSHOT In August 2023 Western Gold Resources entered into a conditional agreement to acquire Euro Future Metals Pty Ltd (EFM)1, which holds exploration permit applications over three high grade prospects in world class mining jurisdiction Sweden: LOBERGET NR 100 AND RULLBO NR 100 GRAPHITE
Slide 7: Loberget nr 100 Graphite Project
LOBERGET NR 100 GRAPHITE PROJECT APPLICATION AREA: 15.57km2 HIGHLIGHTS • Lies adjacent to Leading Edge Materials’ (TSXV:LEM) coarse flake Woxna graphite deposit (13.3Mt @ 7.83% TCG for 1040 Kt; 4% C cut-off) • Two favourable horizons of low resistivity identified that extend to the northwest over a
Slide 8: Rullbo nr 100 Graphite Project
RULLBO NR 100 GRAPHITE - PROJECT APPLICATION AREA: 35.16km2 HIGHLIGHTS • Located some 40km southwest of the town of Sveg in the Gävleborg County • Trenching identified graphite bearing horizons with thicknesses of 5m to more than 40m with visual estimate of graphite content of 5% to 20% TGC1 • Mappi
Slide 9: Rullbo nr 100 Graphite Project: Historic Drilling
RULLBO NR 100 GRAPHITE PROJECT HISTORIC DRILLING • Historic drilling identifies graphite mineralisation up to 120m wide and 1600m long with mineralisation remaining open along strike and at depth3. • Graphite intercepts up to 58m with multiple sub-parallel graphite layers interpreted • Geophysical r
Slide 10: Rullbo nr 100 Graphite Project: Nickel Prospectivity
RULLBO NR 100 GRAPHITE PROJECT NICKEL PROSPECTIVITY • Historic Ni-Cu mine Jättegruvan discovered with exceptional rock chips containing up to 20% sulfides4. • Previous geophysical surveys established the presence of a 700m x 100m persistent conductor, coincident with the Jättegruvan Ni-Cu mine. • Ac
Slide 11: Holmtjarn nr 100 REE Project
HOLMTJARN NR 100 REE PROJECT APPLICATION AREA: 24.43km2 HIGHLIGHTS • A rock chip sample of greater than 3.45% (34,448 ppm) Total Rare Earth Oxide (TREO) with a ratio of Magnetic Rare Earth Oxide (MREO) to TREO of 25% recorded in historic sampling of pegmatites1 • The actual quantity of TREO is unkno
Slide 12: Exploration Team
EXPLORATION TEAM GEOLOGICAL TECHNICAL ADVISOR (SWEDEN) Mr Hans Isaksson Geological Technical Advisor5 Sweden-based with more than 40 years’ experience in minerals exploration and engineering geology programs in the Fennoscandian region Specialty in integration and evaluation of large datasets
Slide 13: Exploration Team: Geological Consultants
EXPLORATION TEAM GEOLOGICAL CONSULTANTS (SWEDEN) • Sweden’s most reputable and highly experienced geological consultants, Geovista AB appointed to provide in-country geological consulting, exploration management and Technical reporting5 • Independent consultancy with strong mineral exploration, mine
Slide 14: Next Steps
NEXT STEPS EXPLORATION PLANNING • Systematic geochemical sampling of known mineral occurrences within the tenement in conjunction with reconnaissance geological mapping • Purchasing geophysical surveys and reprocessing to help define prospective regions • Relogging and assaying of historical core fr
Slide 15: Wood Mackenzie graphite demand forecast quote
“WE FORECAST BATTERY SECTOR DEMAND FOR RAW MATERIAL GRAPHITE TO RISE BY MORE THAN 1,400% BETWEEN 2020 AND 2050. BY THE END OF THE FORECAST PERIOD, TOTAL GRAPHITE DEMAND COULD BE THREE TIMES THE 2021 SUPPLY LEVEL.” WOOD MACKENZIE GRAPHITE MARKET 2021 OUTLOOK TO 2050 15
Slide 16: EVs Transforming Market Demand
EVs TRANSFORMING MARKET DEMAND APPETITE CONTINUES TO GROW THE FACTS • Electric car sales – including battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) – exceeded 10 million last year, up 55% relative to 20211 • From 2017 to 2022, global EV sales jumped from around 1 milli
Slide 17: Graphite Dominates the Lithium-Ion Battery Anode
GRAPHITE DOMINATES THE LITHIUM-ION BATTERY ANODE AN ESSENTIAL INGREDIENT NO GRAPHITE = NO BATTERIES • Graphite makes up 95% of the anode in a lithium- ion battery • 10 x more graphite than lithium contained in Li- ion batteries • 90% of the world's anode production coming from China1 1International
Slide 18: A Critical Mineral Supply Shortage
A CRITICAL MINERAL SUPPLY SHORTAGE ANNUAL SUPPLY VS DEMAND DEMAND DOUBLING 10M TONNES SUPPLY NEEDED • Graphite shortages are expected to rise in 5 coming years, creating a global supply deficit of 777,000 tonnes by 2030 • US$12 billion of investment is needed by 2030 in graphite and 97 new mines req
Slide 19: IEA rare earth demand quote
“RARE EARTH ELEMENTS MAY SEE THREE TO SEVEN TIMES HIGHER DEMAND IN 2040 THAN TODAY.” IEA (2021), THE ROLE OF CRITICAL MINERALS IN CLEAN ENERGY TRANSITIONS, IEA, PARIS 19
Slide 20: REE Demand and Support
REE DEMAND AND SUPPORT SIGNIFICANT GOVERNMENT SUPPORT FOR RARE EARTHS INFLATION REDUCTION ACT US$400bn directed to funding clean energy, including securing rare earth supply chains CRITICAL RAW MATERIALS ACT Building resilience of supply chains for critical minerals, including rare earths, to enable
Slide 21: REE Demand and Support: A Magnetic Attraction
REE DEMAND AND SUPPORT 250 A MAGNETIC ATTRACTION RARE EARTH OXIDES (THOUSAND TONNES) • Rare earth permanent magnets are the 200 largest use of rare earths by value1 • Permanent magnets are made up of Neodymium (Nd) and Praseodymium 150 (Pr), Dysprosium (Dy) and Terbium (Tb) • Global demand for rare
Slide 22: General Enquiries
GENERAL ENQUIRIES (08) 9322 6666 LEVEL 4, 46 COLIN STREET WEST PERTH, WA 6005 warrant@westerngoldresources.com.au ASX:WGR
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