Waratah Minerals Limited · ASX:WTM
Waratah Minerals — Investor Presentation (October 2025)
17 slides from Waratah Minerals's investor presentation, October 2025
Slide 1: Investor Presentation
Investor Presentation ASX:WTM | October 2025
Slide 2: Investment Highlights
Azura Project Gold-Copper-Nickel Investment Highlights Gold System Discovered at Spur Gold Corridor Creating value for our stakeholders through discovery High Calibre Discovery Team Internationally experienced team with a track record of discovery Spur Project Gold-Copper Strategic Position in Major
Slide 3: Corporate Overview
Corporate Overview 308M 11% $0.805 $248M $34M $0.8M Shares on Issue Board and Management Share price Market Cash at bank1 Listed Investment2 (ASX Code: WTM) (fully diluted) (20 Oct 2025) Capitalisation (1 October 2025) LSE:TGR Board of Directors Significant Shareholders 3 Gladstone Mining 8.4% Peter
Slide 4: Delivering a World Class Discovery
Delivering a World Class Discovery Share Price Performance since Spur Project Acquisition Acquisition Exploration Discovery $0.90 13 Aug 2025 14.0 $30m placement 0.575 $0.80 4 Aug 2025 12.0 6 Aug 2024 High grade extensions to Spur $5m placement 0.25 208.7m @ 1.17g/t Au from 514m $0.70 4 3 Jul 2024 2
Slide 5: Why Macquarie Arc
Why Macquarie Arc Home of World-Class Gold-Copper Deposits Australia’s Premier Porphyry Terrain Hosts world-class gold-copper mines High value gold-rich porphyry & epithermal deposits Majors Investing in Mining and Exploration A$1.6Bn in mining M&A and A$300m in JVs since 20231 Newmont, Gold
Slide 6: Spur Gold – Copper Project
Spur Gold – Copper Project District-scale land position Highly strategic district-scale land position 100% owned large tenure holding Large epithermal-porphyry corridor Multiple Macquarie Arc porphyry-intrusive complexes Numerous porphyry gold-copper and epithermal gold 6 targets, extensive fe
Slide 7: Spur Gold – Copper Project
Spur Gold – Copper Project Cadia Valley Spur Project EXPLORATION CRITERIA ASX:NEM ASX:WTM Macquarie Arc Tier 1 Analogues East Lachlan - Macquarie Arc - Central Molong Belt Margin of major multiphase intrusive complex Equivalent stratigraphic position in Late Ordovician-Silurian rocks ksp
Slide 8: Extensive Shallow Epithermal Gold at Surface
Spur Gold Corridor Extensive Shallow Epithermal Gold at Surface m c SD010 137.5m, Quartz–carbonate/ ankerite–pyrite ± chalcopyrite veins ± tellurides, sub vertical stringers, 124g/t Au, 1% Cu (Epithermal) m c SD010 115.3m, quartz + ankerite + pyrite vein, 3.6g/t Au, 0.2% Cu (Epithermal) m c 8 SPD003
Slide 9: Rapidly Demonstrating Scale & Grade
Spur Gold Corridor Rapidly Demonstrating Scale & Grade 9 ASX:WTM o ASX WTM 14 October 2025
Slide 10: Major discovery signalled by stepout results at the Consols Zone
Spur Gold Corridor Major discovery signalled by stepout results at the Consols Zone SPRCD062 208.7m @ 1.17 g/t Au from 514m inc. 89m @ 1.96 g/t Au from 614m Inc. 38m @ 3.61 g/t Au from 665m 10 ASX:WTM o ASX WTM 4 August 2025
Slide 11: Major gold discovery signalled by stepout results at the Consols Zone
SPRCD062 464.9m – Patchy and Spur Gold – Copper Project veinlet associated pyrite ± chalcopyrite with pervasive k- feldspar alteration, cm Major gold discovery signalled by stepout results 1.14g/t Au at the Spur Gold Corridor – Consols Zone SPRCD062 592.6m – Patchy and veinlet associated quartz + py
Slide 12: Similarities between Spur and GRE46 Orebody
Spur Gold – Copper Project Similarities between Spur Gold Corridor and GRE46 Orebody (ASX:EVN) Same intercepts / Same scale / Margin of multiphase Epithermal sulphide stringers Same mineralisation style intrusive complex + albite + hematite association GRE46 OREBODY- 3Mozs (ASX:EVL) 7.5m @ 10g/t Au
Slide 13: Ramping up Activity and Newsflow
Ramping up Activity and Newsflow 13 Discovery ACTIVITIES SEPT QTR DEC QTR MAR QTR Spur Gold-Copper Project Drilling Relogging/sampling historic Metallurgical Testwork Target Definition, inc. geochemistry, geophysics ASX:WTM Research - CODES OTC:BTRYF Estimates of times are indicative and are subject
Slide 14: Defining a World Class Deposit
Defining a World Class Deposit People: proven team of explorationists Project: strategic position in a world-class gold-copper province Proven discovery strategy: ‘Proof of Concept’ achieved - explore margins of fertile intrusive complexes 14 Expanding drilling activity: to trigger discovery events
Slide 15: Contact Us
Contact Us Peter Duerden Managing Director E: info@waratahminerals.com T: +61 8 6148 1000 ASX:WTM W: waratahminerals.com waratahminerals.com
Slide 16: References
References Newcrest 2021, Newcrest agrees to acquire Pretium Resources Mining, ASX, 9 Alkane 2023, Resource and Reserve Statement FY23, 13 September 2023 November 2021 Blue Ocean Equities 2024., Research Note, 8 October 2024 Newmont 2023, Mining Annual Mineral Resources and Ore Reserves Stat
Slide 17: 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
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