West Cobar Metals Ltd. · ASX:WC1
West Cobar Metals — Investor Presentation (September 2025)
20 slides from West Cobar Metals's investor presentation, September 2025
Slide 1: Australian Copper, Gold and Critical Minerals
September 2025 – Investor Presentation Australian Copper, Gold and Critical Minerals West Cobar Metals Ltd ASX | WC1
Slide 2: Disclaimer
DISCLAIMER This document has been prepared by West Cobar Metals Ltd (“West Cobar”) in connection with providing an overview of its business to interested parties/analysts/investors. This presentation is being provided for the sole purpose of providing preliminary background information to enable rec
Slide 3: Investment Proposition
WEST COBAR METALS Investment Proposition - Extensive portfolio of promising & advanced exploration plays in WA and NSW, Australia NANTILLA - Drilling for gold in WA - commencing early September - Substantial Mineral Resource estimates of sought-after critical minerals including antimony, copper, rar
Slide 4: Corporate Snapshot
WEST COBAR METALS Corporate Snapshot Capital Structure Share Price and Volume Total number of shares currently on issue 254,924,244 Options on issue 73,595,151 Performance Rights on issue 1,500,000 Share Price (at 4 Sep 2025) $0.018 Market Cap (undiluted) $4.6m Cash Balance (at 30 June 2025) * $0.3m
Slide 5: Project Portfolio
WEST COBAR METALS Project Portfolio Gold Exploration - Mystique Gold Project, WA: • Strong gold intercepts in saprolite just outside of Mystique tenement boundary (250m from the boundary) and on structural trend into tenement 1 • Geological structure also trends towards a very large soil and calcret
Slide 6: Mystique Exploration Project, WA – Imminent Gold Drilling
1 - MYSTIQUE EXPLORATION PROJECT, WA – Imminent Gold Drilling Canberra ASX | WC1 6
Slide 7: Mystique Project
WESTERN AUSTRALIA Mystique Project • The Mystique Project is highly prospective for gold and covers 35km2 in the Fraser Range, WA • Project was recently acquired from IGO Limited who had been exploring for nickel and copper in the vicinity • Immediate targets at Mystique, supported by widespread dri
Slide 8: Mystique Project – Priority Targets
WESTERN AUSTRALIA Mystique Project – Priority Targets Themis South Air core drilling just outside of the tenement boundary (250m north of E28/2513) from the Themis Prospect were: ▪ 18AFAC30771 - 25m @ 2.42g/t Au from 42m, including 5m @ 10.85g/t Au from 49m 3 ▪ 20AFAC113212 - 16m @ 6.69g/t Au from 4
Slide 9: Bulla Park Project, NSW – Copper and Antimony Deposit
2 - BULLA PARK PROJECT, NSW – Copper and Antimony Deposit Canberra Drill core from BPD09 (about 223.5m down-hole depth) showing siderite (cream) and barite (white) veining. Abundant grey tetrahedrite is rimming colloform siderite-barite veining. Assay result: 4m @ 0.53% Cu, 10 g/t Ag, 0.21% Sb from
Slide 10: Bulla Park Copper Antimony Project
NEW SOUTH WALES Bulla Park Copper Antimony Project 20kt contained Sb and 59kt contained Cu Inferred Mineral Resource • Inferred Mineral Resource of 19.7 Mt of 0.58% CuEq (0.30% Cu, 0.10% Sb, 4.7 g/t Ag) at 0.21% Cu cut-off * • Simple metallurgical process produces high grade copper, silver and antim
Slide 11: Bulla Park Copper Antimony Project – Metallurgical Testwork
NEW SOUTH WALES Bulla Park Copper Antimony Project 6,7,8 QUEENSLAND • Metallurgical testwork to date has demonstrated high recoveries for a copper-silver concentrate and for an antimony sulphide product Right: High grade copper silver and antimony float • Unoptimised first pass float testwork result
Slide 12: Salazar Project, WA – Rare Earths, Scandium, Titanium and Alumina
3 - SALAZAR PROJECT, WA – Rare Earths, Scandium, Titanium and Alumina Canberra ASX | WC1 12
Slide 13: Salazar Critical Minerals Project
WESTERN AUSTRALIA Salazar Critical Minerals Project • Substantial Mineral Resource estimates of rare earth elements, scandium, titanium and alumina from surface • Unusually high content of heavy rare earths (Dy and Tb), and very low radioactive content • Extensive metallurgical testwork completed sh
Slide 14: Salazar Critical Minerals Project – Mineral Resources
WESTERN AUSTRALIA Salazar Critical Minerals Project – Mineral Resources 9 Rare Earths Scandium Block Model of Newmont Deposit showing overlapping distribution of REE, Titanium and Scandium resources Titanium Oxide Alumina ASX | WC1 9 WC1 announcement to ASX, 8 October 2024, ‘Major Resource expansion
Slide 15: Salazar Project Flowsheet
WESTERN AUSTRALIA Salazar Project Flowsheet 10 Extensive testwork undertaken with leading institutions including ANSTO & CSIRO. Low waste stream as almost all output can be a saleable product 1. Direct REE leach stream rare earth carbonate (MREC) ▪ Magnet rare earth recoveries up to 94% using a hydr
Slide 16: Nantilla Project, NSW – Intrusion Related Copper Gold Exploration
4 - NANTILLA PROJECT, NSW – Intrusion Related Copper Gold Exploration Canberra ASX | WC1 16
Slide 17: Nantilla Project
NEW SOUTH WALES Nantilla Project 11 • Reprocessing and interpretation of historical geophysical surveys has identified intrusive style copper-gold targets • Located in the Thomson Orogen, NSW where recent results from Legacy Minerals Limited provide significant encouragement for the unlocking of thi
Slide 18: Highly Experienced Team
BOARD AND MANAGEMENT Highly Experienced Team David Pascoe (B.Sc (Hons), M.Sc) Mark Bolton Head of Technical and Exploration Non-Exec Chairman ▪ Geologist with 30+ years experience worldwide ▪ 30+ years of experience in the resources sector. exploration, evaluation, and mining. ▪ Mark was a Director
Slide 19: Contact
Contact: Matt Szwedzicki | Managing Director ms@westcobarmetals.com.au +61 9287 4600 Luke Forrestal | GRA Partners Luke.forrestal@grapartners.com.au +61 411 479 144
Slide 20: Appendix 1: Bulla Park Exploration Target
WEST COBAR METALS Appendix 1: Bulla Park Exploration Target The Exploration Target has been estimated based on the following: • Additional extrapolation of the mineralisation into areas beyond the Mineral Resource area based on previously reported drillholes (refer to ASX releases on West Cobar or A
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