Slide 1: Critical Minerals for a Cleaner Future
ASX: WIN For personal use only Critical Minerals for a Cleaner Future August 2024 WINMETALS.COM.AU
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer This presentation has been prepared by WIN Metals Limited (“WIN” or the “Company”) to assist in informing interested parties about the No liability Company. It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Compan
Slide 3: Developing WA Nickel and Lithium
Developing WA Nickel and Lithium For personal use only 240km2 granted mining leases covering the highly prolific Widgiemooltha Dome, with exposure to two critical minerals. Mt Edwards Nickel Project Significant resource, upgraded through drilling now subject to Scoping Study contemplating developmen
Slide 4: Battery Metals Outlook
Battery Metals Outlook For personal use only Lithium and nickel long-term market balances Current price environment remains challenging for both Lithium and Nickel, however long-term market imbalance remains ASX: WIN B e n c hmark M in eral In te lligence, L ith ium, N ic ke l an d Cobalt F or e cas
Slide 5: WIN Strategic Portfolio
240km2 WIN Strategic Portfolio For personal use only Mt Edwards Nickel Project (100%) • MRE: 13.04Mt @ 1.45% for 188,160 tonnes Ni • 12 separate nickel sulphide deposits, subject to a program of ongoing upgrades on Widgie infill drilling. • Proven Nickel Production History. Tenure hosts 4 historical
Slide 6: Separate Nickel Deposits Positioned to Drive Value
Mt Edwards Nickel Project 12 Separate Nickel Deposits Positioned to Drive Value • Unique occurrence of 12 deposits on 15 km of prospective strike. For personal use only • Strategically significant resource in a region of numerous small deposits Mt Edwards Project with highly fragmented ownership. •
Slide 7: Standalone Nickel Concentrator Contemplated in Scoping Study
Mt Edwards Nickel Project Standalone Nickel Concentrator Contemplated in Scoping Study For personal use only Significant cost Plant customised First optional step efficiencies due to to WIN Ores to towards vertical economies of scale maximise value integration Increased payability Minimised Explorat
Slide 8: Scoping Study Key Outcomes
Mt Edwards Nickel Project Mt Edwards Nickel Project Scoping Study Key Outcomes For personal use only Free Cash Flow Total Net Revenue Total Capital Costs $402m $1.65bn $433m Unit Operating Costs (C1) Unit All in Sustaining Costs Pre-Production Capex $161.01/t $195.92/t $257m NPV IRR Production Life
Slide 9: Mining Sequence Demonstrates High Rates of Extraction
Mt Edwards Nickel Project Mining Sequence Demonstrates High Rates of Extraction For personal use only Bottom-up mining approach with backfill to maximise ore extraction and minimise dilution Mining to occur at shallow depths, low capex, good ground conditions and low water ingress make for cost effe
Slide 10: Flowsheet Configuration
Mt Edwards Nickel Project Flowsheet Configuration Mt Edwards Nickel Concentrator Flowsheet - 800,000tpa producing 10,380t Ni pa over 6 years in 103,000t concentrate pa. For personal use only ASX: WIN 10
Slide 11: Mt Edwards Nickel Project: The Opportunity
Mt Edwards Nickel Project For personal use only Mt Edwards Mine life extension and Mining Costs may be reduced Metallurgical testwork Resource Growth 7 additional through competitive tender and process improvements Nickel Project: deposits to consider & process or achievement of to further enhance o
Slide 12: Faraday-Trainline Lithium Project
Faraday-Trainline Lithium Project Faraday-Trainline Offers Development Optionality • Shovel ready - Mining approvals granted (located on Mining Lease M15/102) Faraday and Trainline Drill Density (red drill collars) with MRE block model For personal use only • Flowsheet development testwork has achie
Slide 13: Lithium Expansion Potential
Lithium Expansion Potential High grade expansion potential Farson, Gemini, Atomic 3 & Voyager For personal use only • New search area (Farson)-Visible spodumene supported by high grade rock chip samples including: • 2.52% Li2O , 1.53% Li2O, 1.31% Li2O, &1.28% Li2O Farson • 1.87% Li2O & 1.69% Li2O Ge
Slide 14: WIN is Unlocking Significant Value
WIN is Unlocking Significant Value across two in-demand Critical Minerals in a Tier 1 Mining Jurisdiction For personal use only Lithium optionality Nickel & Lithium Projects Established shovel ready resource Permitting/PFS to come, as sentiment on granted mining lease. turns positive Growth opportun
Slide 15: Corporate Summary
Corporate Summary For personal use only WIN $0.024c $7.7M $1.7M 44.1M 319.1M ASX Share Price Market Cap Cash Total Options Shares on Issue 31 July 2024 30 June 2024 and PRs on Issue Major Shareholders Board & Management Andrew Parker Non-Executive Chair Steve Norregaard Managing Director & CEO Virtu
Slide 16: Critical Minerals Project ESG Credentials
Mt Edwards Nickel Project Critical Minerals Project GHG Emissions For personal use only Eligible for Federal Low Nickel tonnes intensity government support, Scope 1: 1.74t CO2e /t Critical Minerals funding, US reciprocity Scope 2: 4.5 t CO2e /t Social ESG CREDENTIALS Scope 3 Emissions Heritage and N
Slide 17: For personal use only
For personal use only Level 4, 220 St Georges Tce, Perth, WA 6000 +61 8 63817250 info@winmetals.com.au ASX: WIN WINMETALS.COM.AU ASX: WIN WIDGIENICKEL.COM.AU 17
Slide 18: Appendix: Key Nickel Scoping Study Outcomes
Appendix: Key Nickel Scoping Study Outcomes PARAMETER UNIT PROJECT TOTAL PARAMETER UNIT PROJECT TOTAL KEY ASSUMPTIONS FINANCIALS For personal use only Nickel Price US$/tonne 24,000 Total Operating Costs AUD$ 812,719,828 Diesel Price US$/litre 1.20 Total Capital Costs AUD$ 433,227,055 Exchange Rate A