Western Gold Exploration Ltd. · TSXV:WGLD
Western Gold Exploration — Investor Presentation (April 2025)
24 slides from Western Gold Exploration's investor presentation, April 2025
Slide 1: Investor Presentation
INVESTOR PRESENTATION Exploring Scotland For Minerals Critical To A Sustainable Future
Slide 2: Disclaimer
DISCLAIMER CAUTIONARY STATEMENT This Presentation (the “Presentation”) and its contents are the property of Western Gold Exploration Ltd. (“WGLD” or the “Company”). This Presentation contains certain forward-looking statements or “forward-looking information” within the meaning of applicable securit
Slide 3: Executive Summary
EXECUTIVE SUMMARY NEW DRILL READY TARGETS IDENTIFIED AT LORNE PROJECT FROM AIRBORNE MT SURVEY ❖ WGLD HOLD 100% INTEREST IN THE LORNE COPPER-GOLD PORPHYRY PROJECT CAPITAL STRUCTURE • Two known prospects: Lagalochan & Ardlochan As at 13 March 2025 • Lagalochan the focus of limited historic exploration
Slide 4: Our Board of Directors & Management
OUR BOARD OF DIRECTORS & MANAGEMENT Chairman and Founder INVESTING IN A PROVEN TRACK RECORD Over 30 years international experience as a Mining Harry Executive in Canada, Ireland, UK and Australia. Dobson Involved in the development of companies including Kirkland Lake Gold Inc, Rupert Resources, and
Slide 5: The United Kingdom – A Rising Jurisdiction for Exploration & Mining
THE UNITED KINGDOM – A RISING JURISDICTION FOR EXPLORATION & MINING A STABLE JURISDICATION WITH GOVERNMENT SUPPORT ❖ UK OPEN TO MINING • The UK hosts 28 active mines extracting 12 different minerals. • The three most recent Scottish mines were established in National Parks. • Anglo American recently
Slide 6: WGLD Lorne Project – Part of the Economically Significant Caledonian Belt
WGLD LORNE PROJECT – PART OF THE ECONOMICALLY SIGNIFICANT CALEDONIAN BELT UNDEREXPLORED POTENTIAL ❖ THE LORNE PORPHYRY PROJECT: Part of the Caledonian belt ❖ GEOLOGICALLY EQUIVALENT TO MAJOR PRODUCING REGIONS ❖ GROWTH POTENTIAL: • Scotland underexplored but experiencing a mining resurgence • WGLD is
Slide 7: The Lorne Porphyry Copper-Gold Project
THE LORNE PORPHYRY COPPER-GOLD PROJECT A RARE OPPORTUNITY ❖TWO KEY PROSPECTS: Lagalochan and Ardlochan within 7km along a geologically prospective trend ❖DOMINANT LAND POSITION: • 250km2 Crown Minerals Lease • Mineral rights and land-access over key prospects ❖FAVOURABLE GEOLOGY comparable to porphy
Slide 8: Historic Exploration Marked by Major Players – Limited Modern Follow-Up
HISTORIC EXPLORATION MARKED BY MAJOR PLAYERS – LIMITED MODERN FOLLOW-UP WGLD HAS SIGNIFICANTLY ADVANCED THE EXPLORATION STORY SINCE 2017 8 TSXV: WGLD
Slide 9: Ardlochan – Our Focus in 2025
ARDLOCHAN – OUR FOCUS IN 2025 ❖ 2022/2023 EXPLORATION IDENTIFIES GOLD-RICH COPPER PORPHYRY AT ARDLOCHAN • Typical porphyry rock chip grades: 0.1–0.4% Cu, 0.1–1.0 g/t Au with high grade rock chip samples up to 16.2g/t Au • 8 km from our flagship Lagalochan prospect • 2023 SCOUT DRILLING TESTED CONDUC
Slide 10: Ardlochan – 2025 Drill Targets
ARDLOCHAN – 2025 DRILL TARGETS • LD25-A: will test the conductive margins of the system where copper-gold soil and rock anomalies overly a geophysical anomaly • LD25-B: will test the resistive core of the system, where a large magnetic/resistivity anomaly occurs • WGLD009: we will re-enter and drill
Slide 11: Lagalochan – Depth & Scale Potential
LAGALOCHAN – DEPTH & SCALE POTENTIAL ❖ SCOTLANDS ONLY COPPER-GOLD PORPHYRY • Flagship prospect with historic interest from big players • Deep drillholes show mineralisation extending to at least 500m below surface: 537m @ 0.18% Cu, 0.1 g/t Au, 2.5 g/t Ag from 2m in LD13-01A and 530.5m @ 0.17% Cu, 0.
Slide 12: Lagalochan – Targets for Deep Drilling – Phase Two
LAGALOCHAN – TARGETS FOR DEEP DRILLING – PHASE TWO ❖ A conductivity - resistivity gradient extends both horizontally and at depth below the zone of known and drill-tested mineralisation: 537m @ 0.18% Cu, 0.1 g/t Au in LD13-01A ❖ A high conductivity anomaly at depth could indicate a zone of alteratio
Slide 13: Peer Comparisons: Deposit Type
Peer Comparisons: Deposit Type Total Mining No. of Key Criteria Mining Status Location Ore Metals Mining Method drilling Resource (M+I) Contained Metal Ownership holes (m) 3.52Mt Cu Teck Resources Copper, Gold, 1346Mt @ 0.26% Cu, Schaft Creek 6.97Moz Au (75%), Copper Fox In Development BC, Canada Mo
Slide 14: Concluding Remarks
CONCLUDING REMARKS ❖ FIRST AND ONLY COPPER-GOLD PORPHYRY SYSTEM IDENTIFIED IN SCOTLAND ❖ ACTIVELY DEVELOPING A NEW CU-AU PORPHYRY DISTRICT ❖ WORKING TOWARDS DRILLING ARDLOCHAN IN Q2 2025 ❖ DEEP DRILL TARGETS AT LAGALOCHAN ❖ UK OPEN TO MINING 14 TSXV: WGLD
Slide 15: Environmental, Social & Governance
ENVIRONMENTAL, SOCIAL & GOVERNANCE Western Gold Exploration Ltd will always endeavour to uphold the following standards: • Comply with all applicable Environmental Legislation • Only use contractors with appropriate ISO Environmental Management Certifications • Minimise greenhouse gas emissions and
Slide 16: Contacts
CONTACTS For further information, please contact: Head Office The Lighthouse, St Abbs Ross McLellan | +44 7779 161441 ross@westerngoldexploration.com Suite, Heugh Road, North Berwick East Lothian, Scotland EH39 5PX Rupert Williams | +44 7717 578865 rupert@sc-capital.co.uk www.westerngoldexploration.
Slide 17: Geological Presentation
GEOLOGICAL PRESENTATION Exploring Scotland For Minerals Critical To A Sustainable Future
Slide 18: Geological Setting – Regional Geology
GEOLOGICAL SETTING – REGIONAL GEOLOGY THE LORNE PORPHYRY DISTRICT – PART OF SCOTLAND’S GRAMPIAN TERRANE ❖ Dalradian Supergroup Country Rock: • Formed on the Laurentian margin (Neoproterozoic– Cambrian period). • Correlates with Newfoundland’s Fleur de Lys Supergroup. • Deformed and metamorphosed dur
Slide 19: Geological Setting – Local Geology
GEOLOGICAL SETTING – LOCAL GEOLOGY ❖ Ardlochan and Lagalochan prospects geologically linked across a network of late- Caledonian dip-slip faults (c.6km apart). • Emplaced into the Appin and Argyl Groups of the Dalradian Supergroup. ❖ ‘Red Feldspar Porphyry’ (RFP) and biotite bearing micro-dioritic l
Slide 20: Lagalochan – Known Mineralisation
LAGALOCHAN – KNOWN MINERALISATION NORTH HILL A A’ ❖ Known Cu-Au stockwork mineralisation extends over 500m vertically and remains open in all directions ❖ Grades vary between 0.1 - 0.3 % Cu and 0.1 - 0.2 g/t Au, for example: • 537m @ 0.18% Cu, 0.1 g/t Au, 2.58 g/t Ag (from 2m, hole LD13-01A) • 530.5
Slide 21: Lagalochan – Drilling & Exploration Highlights
LAGALOCHAN –DRILLING & EXPLORATION HIGHLIGHTS OBJECTIVE: Expand the mineralization footprint from North Hill by testing: ❖ Near-surface stockwork extensions. ❖ Epithermal and skarn potential at intrusion margins. KEY RESULTS: ❖ Stockwork Cu-Au Extension (800m west of North Hill, WGLD002) • 1m @ 0.54
Slide 22: Lagalochan – New Exploration Targets
LAGALOCHAN – NEW EXPLORATION TARGETS ❖ A CLEAR CORRELATION BETWEEN DRILLED- GRADE AND MT GEOPHYSICAL ANOMALY • Known mineralization (≥ 0.1% Cu) appears to follow a resistivity-conductivity gradient. • Strong scope to expand this style of mineralization horizontally and at depth. TWO STYLES OF UNTEST
Slide 23: Ardlochan – A Developing Porphyry Centre
ARDLOCHAN – A DEVELOPING PORPHYRY CENTRE ❖ OVER 200 IN-SITU ROCK-CHIP, BACK-PACK DRILL AND PIT SAMPLES COLLECTED • 2.59% Cu, 5.98g/t Au was obtained from the highest-grade copper sample within stockwork veined porphyry. • 16.2g/t Au, 0.61% Cu was obtained from the highest-grade gold sample within an
Slide 24: Ardlochan – New Exploration Targets
ARDLOCHAN – NEW EXPLORATION TARGETS DRILLING TO TEST POTENTIAL FOR FUTURE RESOURCE ❖ A CLASSIC PORPHYRY RING STRUCTURE IDENTIFED FROM PLAN VIEW MT GEOPHYSICS SURVEY • A magnetic high anomaly overlap the core of the ring-structure, possibly indicating the presence of magnetite-related bornite-chalcop
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