Western Mines Group Ltd · ASX:WMG
Western Mines — IPO Roadshow (May 2021)
20 slides from Western Mines's IPO roadshow presentation, May 2021
Slide 1: Western Mines Group Initial Public Offering
WESTERN MINES GROUP INITIAL PUBLIC OFFERING @westernmines MAY 2021 westernmines Western Mines Group Reserved ASX Code: WMG www.westernmines.com.au
Slide 2: Disclaimer
DISCLAIMER 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 acknowledge and represent to t
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS WMG is… Focused on max return per $… Offering exposure to… 10x “An exploration driven company Efficient, high-impact exploration, boots on the ground, process driven approach Au Gold and battery metal investment themes, with a looking to create value through strong foothold on ma
Slide 4: Company Overview
COMPANY OVERVIEW Initial Public Offering Offer Price: $0.20 per share Minimum Maximum Funds to be Raised (@$0.20): $4,500,000 $5,500,000 Use of Proceeds IPO Shares to be Issued1: 22,650,000 27,650,000 Total Shares at Completion: 38,800,001 43,800,001 Exploration by Project: $3,058,000 Exploration by
Slide 5: Directors
DIRECTORS 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 sector and participating
Slide 6: Projects
PROJECTS Au and 8 Projects High-impact Ni-Cu-PGE 3 Priority exploration focus Mulga Tank (Ni-Cu-PGE) • Major dunite intrusive and key portion of the under-explored Minigwal Greenstone Belt, significant evidence for a working Ni-Cu-PGE sulphide mineral system Melita (Au) • Between Kookynie and Leonor
Slide 7: Mulga Tank (Ni-Cu-PGE, Au)
MULGA TANK (Ni-Cu-PGE, Au) WMG’s flagship project… • Under-explored Minigwal Greenstone Belt • WMG holds the key - entire Mulga Tank Dunite Intrusive • Northern part of belt held by Duketon Mining (ASX:DKM) • Mulga Tank Dunite covers approximately 29km2 - similar area to Kambalda Tro pic ana To Dome
Slide 8: Mulga Tank: A working Ni-Cu-PGE sulphide mineral system
MULGA TANK (Ni-Cu-PGE, Au) A working Ni-Cu-PGE sulphide mineral system… Two critical factors in Ni-Cu-PGE exploration: 1. Disseminated Ni-Cu-PGE Mineralisation Target: Conductor 1 Magma must reach sulphur saturation to precipitate Chemistry Hole: MTD004 magmatic sulphide minerals Host Rock: Orthocum
Slide 9: Mulga Tank: Multiple untested coincident anomalies
MULGA TANK (Ni-Cu-PGE, Au) Multiple untested coincident anomalies… • Impact Minerals (ASX:IPT) completed ~$500,000 of follow up work • HeliSAM survey results map black shales = aid ground EM planning • MLEM 300-400m line spacing = infill to 200m minimum • DHEM = numerous off-hole anomalies • Gravity
Slide 10: Melita (Au, Cu-Pb-Zn)
MELITA (Au, Cu-Pb-Zn) In the heart of the Goldfields… • Norseman-Wiluna Greenstone Belt 20km from Leonora - primetime Goldfields • Surrounded by Niagara, Kookynie, Orient Well mining centres • Neighbouring Genesis Minerals (ASX:GMD) Ulysses Gold Project 1.61Moz @ 1.8g/t Au • Historic exploration for
Slide 11: Melita (Au, Cu-Pb-Zn)
MELITA (Au, Cu-Pb-Zn) Reserved ASX Code: WMG Western Mines Group Presentation, May 2021 11
Slide 12: Jasper Hill (Au)
JASPER HILL (Au) Chasing mineralised trends from neighbouring mines… • Under-explored Merolia Greenstone Belt 90km southeast of Laverton • Shallow cover and area held by private operators has hindered exploration • Historic Lord Byron and Fish Gold Mines - trucked to Granny Smith (80km) • Lord Byron
Slide 13: Other Projects
OTHER PROJECTS Significant pipeline of projects offering continuous news flow… Youanmi (Au) Ground mag survey, litho- • Two tenements on the Youanmi Shear, close to Youanmi Gold Mine structural interpretation, • Targeting high-grade gold analogous to recent Grace (ASX:RXL) and Penny North (ASX:RMS)
Slide 14: Appendix
WESTERN MINES GROUP APPENDIX @westernmines westernmines Western Mines Group Reserved ASX Code: WMG www.westernmines.com.au
Slide 15: Youanmi (Au)
YOUANMI (Au) Looking for high-grade gold along Youanmi Shear… • Two tenements on the Youanmi Shear, within 7km of Youanmi Gold Mine • Targeting high-grade gold under shallow cover • Recent Grace (ASX:RXL) and Penny North (ASX:RMS) discoveries have reenergised the region - new thinking • Deep Well -
Slide 16: Pavarotti (Ni-Cu-PGE)
PAVAROTTI (Ni-Cu-PGE) Numerous under-explored Ni-Cu-PGE gossans… • Ultramafic sequence at base of Koolyanobbing Greenstone Belt • Historically explored by BHP and WSA • 7.5km strike of target horizon across 2 tenements • Pavarotti and Jock’s Fury gossans within WMG tenement E77/2746 • Historic BHP h
Slide 17: Rock of Ages (Au)
ROCK OF AGES (Au) Extensive shallow high-grade workings… • Laverton Greenstone Belt - 4.5km south of Burtville Mining Centre (ASX:FML) • Shallow historic mine workings over 450m strike • Historic production 2,074oz @ 50g/t Au (1902-1911) • Associated with quartz veining and ferruginous cherts - unte
Slide 18: Broken Hill Bore (Au)
BROKEN HILL BORE (Au) Extension of high-grade workings … • Eastern Goldfields near Edjudina Gold Camp • Historic Broken Hill workings exercised from tenement (P31/2131) • Recorded production 291.5oz @ 26g/t Au (1902-04) • Mineralisation associated with quartz veining and brecciated chert/BIF • Exten
Slide 19: Pinyalling (Au)
PINYALLING (Au) Greenfield opportunity between two mining centres… • Located between Paynes Find and Pinyalling Mining Centres • Large tenement covering conceptual extension of Warriedar Fold Belt and Yalgoo-Singleton Greenstone Belt • Very little historic exploration • Greenfield exploration opport
Slide 20: Corporate Directory
CORPORATE DIRECTORY Directors of the Company Auditor Rex Turkington (Non-Executive Chairman) HLB Mann Judd (Vic) Partnership Dr Caedmon Marriott (Managing Director) Level 9, 575 Bourke Street Francesco Cannavo (Non-Executive Director) Melbourne VIC 3000 Paul Burton (Non-Executive Director) Investiga