Western Star Resources, Inc. · CSE:WSR
Western Star Resources — Investor Presentation (July 2026)
33 slides from Western Star Resources's investor presentation, July 2026
Slide 1: Building America's Domestic Tungsten Supply
CSE: WSR | OTCQB: WSRIF | FRA: 4K2 BUILDING AMERICA'S DOMESTIC TUNGSTEN SUPPLY 74 U.S. TUNGSTEN OPERATOR W Past-Producing Critical-Mineral Assets TUNGSTEN July 2026
Slide 2: Forward Looking Statement
Forward Looking Statement Forward Looking Statement Certain statements in this Presentation relating to the Company's exploration activities, project expenditures and business plans are approximate and are "forward-looking statements" within the meaning of securities legislation. The Company does no
Slide 3: Tungsten: The Backbone of Defense, Industry, and Innovation
Tungsten:The Backbone of Defense, Industry, and Innovation Tungsten: The Backbone of Defense, Industry, and Innovation • Tungsten is one of the hardest, densest, and most heat resistant metals known, indispensable to defense, aerospace, energy, and high-tech manufacturing • Its unique properties mak
Slide 4: Securing America's Supply of a Strategic Metal
Securing America’s Supply of a Strategic Metal Securing America’s Supply of a Strategic Metal • The US has indicated that it is a top priority to secure a domestic supply of Tungsten • Companies that can advance projects that can deliver tungsten supply to the U.S. market will be eligible for federa
Slide 5: Eagle Point Tungsten Project
nt Tungsten Project Eagle Point Tungsten Project Flagship U.S. Tungsten Opportunity Past Producer | 27.6% WO3 | 8 Skarns Source: McLemore, V. T., 2025, Master chemical database of critical mineral deposits in New Mexico, NMBGMR (sample LH705); DMA Field Team, Region IV, 1951, Final Report, DMA Docke
Slide 6: Eagle Point Tungsten - Highlights
Eagle Point Tungsten - Highlights Past Producer | Exceptional Surface Grades 1 2 Location Property • Hidalgo County, New Mexico • 24 unpatented lode claims • 11.5 miles southwest of Hachita • 100% interest announced • Road accessible; year-round exploration • Granite Pass / Little Hatchet district 3
Slide 7: Eagle Point - Geology & Workings
Eagle Point - Geology Workings Eagle Point - Geology & Workings GEOLOGICAL CONTEXT - Scheelite-bearing garnet tactite developed where two granitic intrusive phases intrude thick- bedded, probably Cretaceous limestone; earlier reporting describes the intrusive as granodiorite. - Seven or eight lentic
Slide 8: Eagle Point - Federal Drill Backing
Eagle Point - Federal Drill Backing 75% U.S. GOVERNMENT WAS PREPARED TO FUND SHAFT SINKING + DIAMOND DRILLING PREPARED IN 1955. NEVER EXECUTED. -DMEA contract Idm-E-783 / DMEA-3701 was prepared and recommended; it never became effective. -Government was prepared to fund 75% of the exploration progra
Slide 9: Eagle Point - Skarn Bodies & High-Grade Results
Eagle Point - Skarn Bodies High-Grade Results Eagle Point - Skarn Bodies & High-Grade Results 8 EXPOSED SKARN BODIES | ~1,500-2,000 FT CONTACT | BODIES TO ~140 x 30 FT Sources: Historical geologic map reproduced from U.S. Defense Minerals Exploration Administration Docket DMEA-3276; DMA Field Team,
Slide 10: Rowland Tungsten Project
Rowland Tungsten Project A High-Grade, Past Producing Tungsten Project in the Heart of Nevada Image: remnants of processing infrastructure at the Rowland Project, taken by QP and consultant for CSE: WSR WSR in June 2026 8
Slide 11: Rowland Tungsten - Highlights
Rowland Tungsten- Highlights Rowland Tungsten - Highlights Rowland A high-grade past producing tungsten project Tungsten Project 1 2 Location Property • Jarbidge, Northern Elko County, Nevada, • Project is currently under option ~80 miles north of Elko (established • Zero spend commitments and small
Slide 12: Regional Geology
egional Geology Regional Geology Geological Context • The district lies within the Jarbidge–Independence belt, underlain by Cretaceous biotite–quartz monzonite • Same granitic host and alteration style as Triggs (ASX: TRM) Tennessee Mountain Project, located ~20 km southwest • Skarn and hornfels dev
Slide 13: The Project
he Project The Project Geology and Mineralization • Host rocks: limestone, shale, quartzite intruded by quartz monzonite. • Skarn zones up to 100 ft thick with scheelite, molybdenite, powellite, pyrite, chalcopyrite, limonite in garnet-epidote-quartz-calcite matrix. • Two shallow shafts, multiple op
Slide 14: The Project
The Project The Project Geology • Property is situated on the margin of the Tennessee Mountain intrusive suite • Intrusive are through to be related to the mineralization in the system • Limestones and carbonate rich sedimentary rocks react with tungsten bearing fluids to develop scheelite at or nea
Slide 15: Rowland - Certified Rock Assays up to 4.02% WO3
Rowland - Certified Rock Assays up to 4.02% WO3 Rowland - Certified Rock Assays up to 4.02% WO3 Source: Western Star Resources Inc. news release dated 28 July 2026. Selected rock-chip, channel and float samples prepared and analysed by ALS Global (Reno, Nevada), an accredited laboratory independent
Slide 16: Rowland - Drill Targets being Defined
Drill Targets being Defined Rowland - Drill Targets being Defined GEOCHEMISTRY CAN DELIVER TOWARDS A DRILL VECTOR • 93 soil samples collected at nominal 25 m spacing. • Peak X-3: 1,425 ppm WO3 (0.1425% WO3; 1,130 ppm W), directly over the Central workings. • Rowland Main returned 517 and 504 ppm WO3
Slide 17: White Star Tungsten Project
hite Star Tungsten Project White Star Tungsten Project District-Scale Consolidation Beside the Past- Producing Rowland Project Image: contractor completing drone geophysics over the CSE: WSR White Star Property 17
Slide 18: White Star Tungsten - Highlights
White Star Tungsten - Highlights Past Producer | 3.00% WO3 Rock Assay | >6 km District 1 2 Location Property • Elko County, Nevada • 100% owned • ~9 miles by road southwest of Jarbidge • Adjacent to Rowland • Road-accessible Charleston Mining • Shared access, logistics and survey District specificat
Slide 19: White Star - UAV Geophysics
White Star - UAV Geophysics White Star - UAV Geophysics FIRST MODERN HIGH-RESOLUTION DATASET • TMI, 1VD, 2VD and analytic signal products were processed to the same specifications as Rowland. • The historical Batholith mine/adit lies on a northwest-southeast magnetic lineament within a subtle magnet
Slide 20: Western Star Property, BC - Canada
stern Star Property, BC - Canada Western Star Property, BC - Canada All references to the Western Star Property, British Columbia are taken from companies past disclosures where the current QP has not reviewed the material. The property is subject to a NI43101 technical report: Strickland, D., 2020,
Slide 21: Strategy
Strategy Strategy Drill Permits Approved For Drill Campaign Reviving the lost traces of High-grade exploration results in & around British Columbia to target new discoveries. Why Strong Mining Ecosystem British • 326 active exploration Projects • $660 million exploration spending (2021) Columbia? •
Slide 22: The Project Asset
The Project Asset The Project Asset Au Ag Cu GOLD SILVER COPPER Western Star Property • over 6.2 km Mineralized strike length • Revelstoke - Mining District, BC • limited results to date, only surficial • 4,739.8 ha (27 Km2) - District Scale prospecting • 100% Owned and permitted • CRD – Carbonate R
Slide 23: Western Star - Mineralization
Western Star - Mineralization Western Star - Mineralization Carbonate Replacement Deposit (CDR) mineralization occurs on the Western Star Property and is likely to be a combination of structure, lithology, and stratigraphy. There are three main CRD deposit types: Leadville-type mineralization (LTM),
Slide 24: Limestone unit within the Index Formation exposure
300m • Limestone unit within the Index Formation exposure in opposing slope is evident by recessive weathering and colour. • The dark gossan iron gravel running through the center of the picture mark the location of limestone replacement, hosting pods and stringers of galena and sphalerite mineraliz
Slide 25: Targets
Targets Targets The 4,739.8 ha Western Star Property is located 50 km southeast of Revelstoke, BC. There are 14 Documented Mineral Showings on the Property: • Black Bear • Lardeau-Goldsmith • Wide West • Goodenough • Kitsap • Banner • Daffodil • Royal • Morning Star • Lexington • Alma • Glenside • M
Slide 26: Minfile Showings
Minfile Showings Minfile Showings Goodenough • Mineralization consists of galena-sphalerite-chalcopyrite in concordant to irregular quartz-chlorite veins in shears at the limestone- phyllite contact and in fractured and/or brecciated ankeritic limestone over a strike length of 160 m. • 22 rock sampl
Slide 27: Minfile Showings
Minfile Showings Minfile Showings Morning Star • Consists of a 2.1-meter-wide vein striking 3100 to 3200, dipping 62o to 750 east. The vein is conformable to the enclosing rocks and contains pyrite, galena, and sphalerite in a gangue of limestone and quartz. The vein is highly oxidized at surface wi
Slide 28: Lithology and Mineralization
Lithology and Mineralization Source: Western Star Resources Inc. compilation; British Columbia Geological Survey, MINFILE mineral occurrence database, Revelstoke Mining District.
Slide 29: Initial Program Results
Initial Program Results Source: Western Star Resources Inc. compilation of initial programme results. Results are preliminary, are selective in nature and do not constitute a mineral resource.
Slide 30: Mineralization
Mineralization Mineralization ● Mineralization occurs as both disseminated and massive zones of galena, pyrite, and sphalerite associated with dolomitized limestone and silicification invariably developed within siderite rich zones containing hematite and magnetite localized along distinct, limeston
Slide 31: Share Structure & Financials
Share Structure & Financials Shares Issued & Outstanding M 46.4 Warrants Outstanding M 20.6 Fully Diluted M 67.00 Market Capitalization M 14.0 Debt 0.0 Blake Morgan CEO is the largest shareholder Source: Western Star Resources Inc. share register and public filings. Capital structure is stated as at
Slide 32: Western Star Resources Inc.
Western Star Resources Inc. Western Star Contact: Blake Morgan Resources Inc. Phone: +1 236 878 4938 BUILDING AMERICA'S DOMESTIC TUNGSTEN SUPPLY CSE: WSR | OTCQB: WSRIF | FRA: 4K2 31
Slide 33: References
References References Historical and third-party technical references Coats, R. R., 1964. Geology of the Jarbidge Quadrangle, Nevada–Idaho. USGS Bulletin 1141-M, 1:62,500. Dale, V. B. and McKinney, W. A., 1959. Tungsten Deposits of New Mexico. USBM Report of Investigations 5517, 72 p. (Eagle Point:
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