Westar Resources Ltd. · ASX:WSR
Westar Resources — Investor Presentation (April 2024)
19 slides from Westar Resources's investor presentation, Apr 17, 2024
Slide 1: Acquisition of the Uley North Graphite Project, South Australia & Capital Raising
For personal use only Acquisition of the Uley North Graphite Project, South Australia & Capital Raising INVESTOR PRESENTATION | APRIL 2024 ASX:WSR
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer Summary information in relation to Westar: This document contains summary information about Westar Resources Limited (ACN 635 895 082) (Company or Westar), its subsidiaries and their activities which is current as at the date of this document, unless otherwise indicat
Slide 3: International Offer Restrictions
International Offer Restrictions Notice to investors in New Zealand The New Shares are not being offered to the public within New Zealand other than to existing Shareholders with registered addresses in New Zealand to whom the offer of New Shares is being made in reliance on the Financial Markets Co
Slide 4: Why Invest in Westar?
Why Invest in Westar? For personal use only 1 2 3 Existing portfolio of projects Option to acquire high grade Low enterprise value giving exposure to various graphite project Trading on the ASX close to commodities Westar has entered an option cash backing, Westar holds Existing projects in Western
Slide 5: Pro Forma Capital Structure
Pro Forma Capital Structure Pro Forma (ASX: WSR) For personal use only A$0.01 A$5.08m Share Price Market Cap (508m shares on issue) A$4.13m A$0.95m Cash at Bank EV Listed Options 45,798,319 171.9m Unlisted Options 31,317,538 Options & Performance Rights Management Performance 14,800,000 Rights Uley
Slide 6: Board and Management
Board and Management For personal use only Simon Eley Lindsay Franker Karl Jupp Ben Donovan Anthony Jason Dwayne Povey Non-Executive Executive Director Non-Executive Director Joint - Company Tornatora Boladeras Consulting Geologist Chairman BEng-Mining WASM BAppSc (Hons), GradDip(Bus), Secretary BAp
Slide 7: Why Graphite?
Why Graphite? Share of Mineral Demand from Energy Storage For personal use only • Critical Minerals: Graphite is listed as a critical mineral for the energy Under IEA 2DS Through 2050 transition in Australia, the EU, USA, Japan and India. Australia currently has no operational graphite mines • Curre
Slide 8: Graphite the Key Mineral in an EV Battery
Graphite the Key Mineral in an EV Battery For personal use only • Graphite represents almost 50% by weight of the materials needs of batteries, no matter the chemistry of the battery. Graphite is the anode in Lithium-ion batteries1 • An average plug-in EV has 70 kg of graphite or 10 kg for a hybrid2
Slide 9: Uley Graphite Project
Uley Graphite Project • Westar has a entered a binding agreement for an option to For personal use only acquire 163km2 tenement package in a renowned graphite region of South Australia • Includes potential extensions of Quantum Graphite’s Uley graphite mine (7.2Mt @ 10.5% TGC – resource1, 500m from
Slide 10: A Powerhouse of Graphite Neighbours
A Powerhouse of Graphite Neighbours • Tier 1 jurisdiction: South Australia contains 66% of Australia’s confirmed graphite resources1, predominantly located in the highly prospective Hutchinson Group For personal use only formation • Quantum Graphite (ASX:QGL) MC = A$165m2 – 7.2Mt @ 10.5% TGC3 – Full
Slide 11: Uley North – Prospects
Uley North – Prospects Uley North – Northern Prospect • EL/6826 – Walk up drill targets For personal use only • 12km north of the previously mined Uley deposit • Rock chips up to 35% TGC1 • Graphitic horizons associated with magnetic highs along mineralised trends; up to 10km long aeromagnetic anoma
Slide 12: Uley North – Potential Upside
Uley North – Potential Upside For personal use only • Critical Minerals thematic in a highly prospective graphite belt • Excellent location with Quantum Graphite planned operations <1km away, Lincoln Minerals and Renascor • Several advanced targets, along with proven geophysical techniques and reaso
Slide 13: Existing Projects
Existing Projects Mindoolah • Historical production of 161kg of gold from 7,621 tonnes of ore at an average grade of 21.18g/t Au was mined from old workings and pits, between 1989-90 For personal use only • Currently assessing potential for a cut back for high-grade gold mineralisation beneath mined
Slide 14: Investment Summary
Investment Summary For personal use only Acquiring Existing Gold, Critical Graphite Project Lithium and Base Minerals in Tier 1 Region Metal Assets Focus Low Enterprise Highly Experienced Value provides and Aligned Board Substantial Upside and Management 14 Investor Presentation | April 2024 | ASX:W
Slide 15: Acquisition Terms
Acquisition Terms Acquisition of Uley North Graphic Project1 • $75k in cash to secure a 3-month option agreement to acquire For personal use only the tenement package to complete due diligence and explore • Acquiring 100% of 163km2 tenement package – EL6826 & EL6827 • Initial payment of 30 million W
Slide 16: Equity Raising Overview
Equity Raising Overview Offer Structure • Westar is undertaking an Equity Raising of ~$2.9m consisting of: • Two tranche placement to raise $2.0m • A 1 for 2 non-renounceable Entitlement Offer of New Shares to eligible shareholders to raise approximately $926,000 For personal use only • Approximatel
Slide 17: Sources and Uses of Funds
Sources and Uses of Funds Sources For personal use only Entitlement Offer $926,000 Placement $2,000,000 Total Raised $2,926,000 Uses Cost of Option $75,000 Exploration Costs $1,650,000 Capital Raising Cost $176,000 Working Capital $1,025,000 Total $2,926,000 In the event the Option to Acquire does n
Slide 18: Indicative Timetable
Indicative Timetable# Activity Date For personal use only Announcement of the Entitlement Offer and lodgement 17 April 2024 of Appendix 3B, and Cleansing Notice with ASX Shares quoted on an ‘ex’ Entitlement basis 19 April 2024 Record Date for Entitlement Offer (5:00pm AWST) 22 April 2024 Entitlement
Slide 19: Contact Us
For personal use only Contact Us Lindsay Franker Executive Director Westar Resources Ltd P +61 8 6556 6000 Level 1, 19 Ord Street E lfranker@westar.net.au West Perth, WA, 6005 ASX:WSR
Westar Resources — Investor Presentation (April 2024) on 6ix