Win Metals Ltd · ASX:WIN
Win Metals — RIU Explorers Conference (February 2026)
17 slides from Win Metals's conference presentation, Feb 18, 2026
Slide 1: For personal use only
For personal use only ASX:WIN
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 or reliance on this presentation or its contents or otherwise arising in connection with it, including without limitation, any liability about
Slide 3: Diversified Project Portfolio with Near Term Production Potential
DIVERSIFIED PROJECT PORTFOLIO WITH NEAR TERM PRODUCTION POTENTIAL For personal use only Four distinct project areas in Western Australia focused on exploring and developing resources in gold, nickel and lithium MT EDWARDS BUTCHERS CREEK NICKEL PROJECT GOLD PROJECT 180,900t of contained 5.6Mt for 359
Slide 4: Investment Highlights
INVESTMENT HIGHLIGHTS WA Gold. Proven Operators. Near-Term Restart. 01. 02. 03. 04. 05. For personal use only TIER-1 RADIO MAIDEN JORC BUTCHERS FUNDED JURISDICTION GOLD MRE – 50% CREEK 100% Western Flagship project indicated Second gold pillar $5.5m placement Australia Focus with near-term 41koz @ 3
Slide 5: Corporate Structure, Shareholders and Board
CORPORATE $0.032 $27.4M STRUCTURE Share Price Market Capitalisation For personal use only SHAREHOLDERS $5.9M $21.5M Cash at 31 December 2025 Enterprise Value Meteoric Resources 8% Top 50 Shareholders 47% Steve Norregaard is a mining BOARD executive and engineer with 25+ years’ experience WIN METALS
Slide 6: Radio Gold Acquisition
RADIO GOLD ACQUISITION INVESTMENT Near term production potential HIGHLIGHTS RATIONALE ~10 KM² OF GRANTED TENURE LOW-COST ENTRY For personal use only with a fully permitted underground gold Acquired with substantial mine (WA) infrastructure included PROVEN HIGH-GRADE ASSET CYCLE TIMING ~71 koz Au pro
Slide 7: Radio Gold Maiden JORC Mineral Resource
RADIO GOLD Maiden JORC Mineral Resource Positions Radio as a Near-Term Production Opportunity For personal use only 41koz Au@3.7g/t Mineral Resource Estimate 46% Uplift in Contained Ounces DEVELOPMENT INDICATED MULTIPLE 50% WIN METALS PATHWAY RESOURCE BASE MAIDEN DEPOSITS Rapid execution post- Indic
Slide 8: Radio Gold Development Pathway and What Comes Next
RADIO GOLD DEVELOPMENT PATHWAY AND WHAT COMES NEXT For personal use only Q1 2026 Q1 2026 Q2 2026 Commence additional resource Evaluate extraction options - toll Use technical studies to finalise infill drilling to derisk mine milling vs owner processing approvals, funding and target a planning and e
Slide 9: Restart Readiness & Growth Upside
RADIO GOLD GROWTH UPSIDE RESTART READINESS & GROWTH UPSIDE Mineralisation open at depth and along strike For personal use only DERISKED RESTART Maiden resources at Existing underground decline Production stopes Repeater, Radio South and ore development already established and ready and Green Harp in
Slide 10: Butchers Creek Gold Project Context & Location
BUTCHERS CREEK PROJECT CONTEXT & LOCATION GOLD PROJECT • Located 30km south-east of Halls Creek in the Kimberley region of Western Australia SECOND GOLD PILLAR • Halls Creek was the site of Western Australia’s first gold rush (mid 1880s) • Accessible via the partially sealed Duncan Road, linking to
Slide 11: Butchers Creek Scoping Study
BUTCHERS CREEK SCOPING STUDY DEVELOPMENT & VALUE UPSIDE SCOPING STUDY – CONSERVATIVE BASE CASE (NOV 2025) For personal use only • Resource base: 3.3Mt @ 2.0g/t Au (~211koz mined / ~200koz recovered) • Gold price assumption: A$5,385/oz • Production: ~25kozpa average | 33–37kozpa peak • Costs: C1 A$2,
Slide 12: Portfolio Optionality: Nickel & Lithium
PORTFOLIO OPTIONALITY NICKEL & LITHIUM For personal use only 240km2 granted mining leases covering the highly prolific Widgiemooltha Dome, with exposure to two critical minerals NICKEL OPTIONALITY - MT EDWARDS PROJECT JORC MRE: 12.6Mt @ 1.43% Ni for 180,900t contained nickel Nickel sulphide resource
Slide 13: Management & Execution Capability
MANAGEMENT & EXECUTION CAPABILITY For personal use only KEY LEADERSHIP HIGHLIGHT EXECUTION CAPABILITY WHY THIS MATTERS NOW Managing Director: Former Director of Strong internal capability across Radio is transitioning from resource Operations at Westgold Resources mining, geology and project deliver
Slide 14: For personal use only
For personal use only Level 4, 220 St Georges Tce,Perth, WA 6000 +61 8 63817250 info@winmetals.com.au WIN METALS ASX:WIN winmetals.com.au 14
Slide 15: Appendices
For personal use only APPENDICES 15 WIN METALS
Slide 16: Appendix A: WIN Metals Resource Summary
APPENDIX A WIN METALS RESOURCE SUMMARY For personal use only Butchers Creek Gold Mineral Resource Estimate Resource Contained Gold Deposit Last Update Tonnes (Mt) Au (g/t) Classification (Oz) Indicated 3.58 2.24 258,000 Butchers Creek Apr-25 Inferred 1.65 1.18 63,000 Golden Crown Jun-21 Inferred 0.4
Slide 17: Appendix A: Mt Edwards Nickel Sulphide Mineral Resource Estimate
APPENDIX A WIN METALS RESOURCE SUMMARY For personal use only Mt Edwards Nickel Sulphide Mineral Resource Estimate Indicated Inferred TOTAL Resources Deposit Tonne (Mt) Nickel (%) Tonne (Mt) Nickel (%) Tonne (Mt) Nickel (%) Nickel Tonnes Gillett* 2.27 1.35 0.87 1.16 3.14 1.30 40,770 Widgie 3* 0.51 1.
WIN Metals — RIU Explorers Conference (February 2026) on 6ix