Westar Resources Ltd. · ASX:WSR
Westar Resources — Investor Presentation (February 2021)
24 slides from Westar Resources's investor presentation, Feb 24, 2021
Slide 1: Exploring for high grade gold in Western Australia
For personal use only Exploring for high grade gold in Western Australia Investor Presentation February 2021
Slide 2: Disclaimer
Disclaimer For personal use only Westar Resources Ltd ACN 615 635 982 (the Company) is the issuer of this presentation. The issue of this presentation is intended only for the person or entity to which it has been transmitted. Not a disclosure document This presentation is not a disclosure document
Slide 3: Investment Highlights
Investment Highlights For personal use only TIER 1 JV PARTNER LOCATION • Free-carry to decision to mine on joint venture • WA gold focus, projects located in Australia’s with Ramelius across Southern Cross projects premier gold districts provides continued asset level exposure while • Strategically
Slide 4: Corporate Snapshot
Corporate Snapshot For personal use only Capital Structure Board of Directors Key Information Managing Director & CEO | Karl Jupp BappSc (Hons), GradDip(Bus), MAIG, MAusIMM Share Price 0.210 A Geologist with over 20 years’ technical and leadership experience in the Australian and international miner
Slide 5: High Grade Gold Portfolio in WA
High Grade Gold Portfolio in WA For personal use only SANDSTONE PROJECTS (256KM2) • Limited modern exploration & drilling along the margins of the Gum Creek Greenstone Belt, including along strike from historic workings and mines • Untested geochemical & geophysical drilling targets generated from d
Slide 6: Exploration Rationale
Exploration Rationale For personal use only Enhance asset development and $2m over value proposition 3 years Ramelius with strategic Parker Resources partners Dome Mt Finnerty Value accretion through rapid Winjangoo exploration on focal assets Gidgee Gidgee S moving quickly North through stage gates
Slide 7: Sandstone Projects
For personal use only Sandstone Projects 7
Slide 8: Sandstone Projects (100% Owned)
Sandstone Projects (100% Owned) For personal use only GIDGEE NORTH & GIDGEE SOUTH PROJECTS (256KM2) Very limited modern exploration and drilling along the margins of the Gum Creek greenstone belt, including along strike from historical mines and workings GIDGEE SOUTH PROJECT: Target 1 (Birrigrin Tre
Slide 9: Gidgee South Project (100% Owned)
Gidgee South Project (100% Owned) For personal use only GIDGEE SOUTH PROJECT Coherent gold-in-soil anomaly with only minor historical drilling & < 15m depth Mapped historical workings align with magnetic features identified from geophysical survey Broader mineralisation corridor defined and confirme
Slide 10: Gidgee South Project (100% Owned)
Gidgee South Project (100% Owned) For personal use only GIDGEE SOUTH PROJECT Target areas defined deemed the most prospective based on the following criteria: 1. Distribution of historic Au workings. 2. Anomalous Au in soil data. 3. Consistent association of Au with late NE-SW striking transpression
Slide 11: Gidgee North Project (100% Owned)
Gidgee North Project (100% Owned) For personal use only GIDGEE NORTH PROJECT • Multiple untested geochemical & geophysical targets • Geochemical anomalies occur Horizon (ASX:HZN) Altair Prospect over mapped basalts hosting • 44m @ 1.2% Cu from 56m porphyry dykes • 20m @ 1.1% Cu from 64m • Very limit
Slide 12: Mount Magnet Projects
For personal use only Mount Magnet Projects 12
Slide 13: Mount Magnet Projects (100% Owned)
Mount Magnet Projects (100% Owned) For personal use only WINJANGOO & COOLALOO PROJECTS (224KM2) • Historically, the Mt Magnet district has produced approximately 6 Million ounces of gold • Huge potential for deeper systems as typified by Ramelius Resources, operators of the Mt Magnet Gold Mine • Geo
Slide 14: Coolaloo (100% Owned)
Coolaloo (100% Owned) For personal use only COOLALOO • Drill program of approximately 10,000m of aircore drilling to commence imminently Target Target Size Target Description Coincident elevated soil geochemistry with magnetic high, BIF 1 1650m x 700m in possible granite pressure shadow. Coincident
Slide 15: Winjangoo (100% Owned)
Winjangoo (100% Owned) For personal use only WINJANGOO • Priority targets relate to secondary structures and splays adjacent to regional scale thrust-fault zones, often associated with large outcropping quartz blows in a mixed mafic-felsic-granite sequence • Limited modern exploration over the proje
Slide 16: Southern Cross Projects
For personal use only Southern Cross Projects 16
Slide 17: Southern Cross Projects
Southern Cross Projects For personal use only RAMELIUS RESOURCES FARM-IN / JOINT VENTURE • Within 36 months Ramelius Resources to spend $2M on Westar Project areas (Mt Finnerty and Parker Dome) to initiate a 75%/25% JV • Once JV is initiated, Westar will hold a free carried 25% interest until a Deci
Slide 18: Mt Finnerty Project (Farm-In/Joint Venture)
Mt Finnerty Project (Farm-In/Joint Venture) For personal use only MT FINNERTY PROJECT • The Mt Finnerty Project has several prospects over 3km of known mineralisation along 8km of greenstone strike • Westar has extracted and remodelled historical data including assays of: • 9m @ 98.2 g/t Au (MF023)
Slide 19: Parker Dome Project (Farm-In/Joint Venture)
Parker Dome Project (Farm-In/Joint Venture) For personal use only PARKER DOME PROJECT • Gold anomaly 600m x 200m in dimension with shallow drilling (<12m) including 3.62g/t, 1g/t and 0.86g/t Au • Two additional +30ppb Au soil anomalies with a peak of 138ppb Au and are 1km x 500m and 800m x 350m with
Slide 20: Pilbara Projects
For personal use only Pilbara Projects 20
Slide 21: Nullagine – Opaline Well (100% Owned)
Nullagine – Opaline Well (100% Owned) For personal use only NULLAGINE • 67km2 landholding 40km west of Nullagine in the Pilbara Craton • Historical rock chip samples in the Project area include 6.32 g/t, 7.95 g/t, 13.7 g/t, 13.22 g/t, 17.0 g/t, 20.5g/t, 44.6 g/t & 200g/t Au • Historical rock chip an
Slide 22: Westar Resources Exploration Timeline
For personal use only Westar Resources Exploration Timeline 22
Slide 23: Indicative Exploration Timeline
Indicative Exploration Timeline For personal use only Strong news flow from parallel exploration programs across 100% owned and JV projects H1 CY2021 Q1 Q2 Sandstone (100% Owned) Gidgee South Project Litho-structural interpretation, targeting & RC Drilling ~ 5,000m Gidgee North Project Litho-structu
Slide 24: Contact
For personal use only Contact Karl Jupp Managing Director Westar Resources Ltd E: kjupp@westar.net.au
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