Win Metals Ltd · ASX:WIN
Win Metals — RIU Sydney Resources Round-Up 2026
20 slides from Win Metals's conference presentation, May 5, 2026
Slide 1: High-Grade Gold, Near-Term Restart
ASX:WIN For personal use only HIGH-GRADE GOLD NEAR-TERM RESTART RIU Sydney Resources Round- Up ASX:WIN 5 May 2026 WINMETALS.COM.AU
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 arising from fault or negligence on the part of WIN Metals Limited or its subsidiaries or affiliates or the directors, employees, about the Com
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. 06. For personal use only TIER-1 RADIO EXPANDING BUTCHERS NICKEL ASSETS LITHIUM JURISDICTION GOLD RADIO CREEK LATENT VALUE ASSETS- FOOTPRINT TODAY LATENT VALUE 100% Western Near-term Second gold pillar (359koz),
Slide 5: Corporate Structure
CORPORATE $0.025 $21M STRUCTURE Share Price 4 May 2026 Market Capitalisation For personal use only SHAREHOLDERS $4.1M $16.9M Cash at 31 March 2026 Enterprise Value Meteoric Resources 8% Top 50 Shareholders 47% Steve Norregaard is a mining BOARD executive and engineer with 25+ years’ experience WIN M
Slide 6: Radio Gold Acquisition Highlights
RADIO GOLD ACQUISITION HIGHLIGHTS INVESTMENT RATIONALE Near term production potential ~10 KM² OF GRANTED TENURE LOW-COST ENTRY STUMPY DOODLE Developed underground gold mine Acquired with substantial (WA) infrastructure included For personal use only PROVEN HIGH-GRADE ASSET CYCLE TIMING ~71 koz Au pr
Slide 7: Radio Gold Updated JORC Mineral Resource
RADIO GOLD Updated JORC Mineral Resource Positions Radio as a Near-Term Production Opportunity For personal use only 41koz Au @ 3.7g/t Mineral Resource Estimate 46% 50% Uplift in Contained Ounces Indicated (2026 MRE) DEVELOPMENT INDICATED MULTIPLE WIN METALS PATHWAY RESOURCE BASE MAIDEN DEPOSITS Rap
Slide 8: Radio Gold Development Pathway and What Comes Next
RADIO GOLD DEVELOPMENT PATHWAY AND WHAT COMES NEXT For personal use only Q1 2026 Q1/2 2026 Q2 2026 Complete Round 2 resource infill Evaluate extraction options - toll Use technical studies to finalise drilling, derisk mine planning and milling vs own processing options approvals, funding and target
Slide 9: Expanding Radio Gold Project: High-Grade Satellite Opportunities
EXPANDING RADIO GOLD PROJECT : For personal use only High-Grade Satellite Opportunities Strategic consolidation of high-grade gold assets ALIGNED WITH WIN’S REGIONAL KEY around Radio GROWTH STRATEGY ADVANTAGES • Acquisition of Princess Royal Gold Mine • Existing mining history and (granted Mining Le
Slide 10: Princess Royal: High-Grade Growth and Optionality
PRINCESS ROYAL High-grade Growth and Optionality For personal use only HIGH-GRADE HISTORICAL GOLD PRODUCER • ~14,000oz @ 21g/t Au • Exploration Target: 7–15koz @ 8–12g/t Au IMMEDIATE UPSIDE High-grade intercepts: • 2m @ 31.47g/t • 2m @ 30.47g/t ADDITIONAL VALUE • Historic battery sands identified on
Slide 11: Stumpy Doodle: High-Grade Growth and Optionality
STUMPY NEAR-RADIO SATELLITE DOODLE OPPORTUNITY • Located 10km north of Radio For personal use only High-grade Growth • Historical production: and Optionality • ~830oz @ 11g/t Au EXPLORATION UPSIDE • Multiple historic workings (600m) • Underexplored tenure WIN METALS INCREASED OPTIONALITY FOR RADIO D
Slide 12: Butchers Creek Gold Project Context and 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 13: 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 14: Portfolio Optionality: Nickel and 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 15: Management and 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 16: 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 16
Slide 17: Appendices
For personal use only APPENDICES 17 WIN METALS
Slide 18: WIN Metals Resource Summary: Radio Gold
APPENDIX WIN METALS RESOURCE SUMMARY For personal use only Radio Gold Project Mineral Resource Estimate Resource Contained Gold Deposit Tonnes Au g/t Classification (Oz) East Indicated 37,000 3.63 4,300 Main Indicated 66,000 4.69 10,000 Repeater Indicated 48,000 3.90 6,000 Radio South Indicated 10,0
Slide 19: WIN Metals Resource Summary: Butchers Creek and Faraday-Trainline
APPENDIX 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 0.40
Slide 20: WIN Metals Resource Summary: Mt Edwards Nickel
APPENDIX 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 1.34