Waratah Minerals Limited · ASX:WTM
Waratah Minerals — Investor Presentation (July 2024)
16 slides from Waratah Minerals's investor presentation, Jul 31, 2024
Slide 1: Investor Presentation
INVESTOR PRESENTATION Drilling for epithermal-porphyry gold-copper in the East Lachlan Peter Duerden Managing Director 31 July 2024
Slide 2: Corporate Overview
v CORPORATE OVERVIEW Capital Structure Shares on Issue (ASX Code: WTM) 180M Board and Management approx. 6.4% fully diluted Share price (at 26 July 2024) 0.29cps Market Capitalisation $52M Cash at bank (at 30 June 2024) $2.6M Listed Investment LSE:TGR $0.9m1 Significant Shareholders Gladstone Mining
Slide 3: Why Macquarie Arc / East Lachlan?
Why Macquarie Arc / East Lachlan? Home of Giant Mineral Systems Home to Australia’s premier gold-copper porphyry district and largest gold mine at Cadia Valley (ASX:NEM) Significant recent investment by majors, ~$210m in JVs in 12 months Ongoing discovery success, Boda (ASX:ALK), Cowal (ASX:EV
Slide 4: Spur Project - Deploying a New Discovery Strategy
SPUR PROJECT - Deploying a New Discovery Strategy 1) - Targeting Wallrock Epithermal-Porphyry Gold-Copper Historic porphyry exploration in the belt has targeted intrusion-hosted mineralisation, i.e. drill the mag high, however most high value deposits are wallrock-hosted 2) - Targeting Epithermal-
Slide 5: Spur Project – Next Door to a Giant
SPUR PROJECT – Next Door to a Giant SPUR (ASX:WTM) CADIA VALLEY (ASX:NEM) Tier 1 Cadia Valley Gold-Copper Project (ASX:NEM) Location – 5 km west of Cadia Valley Project (Alkalic Au-Cu Porphyry, >50Moz / 9.5Mt Cu, ASX:NEM1) Dominantly ‘wallrock’ systems / outside early intrusive complex SPUR Fe
Slide 6: Spur Project - Early-stage porphyry gold-copper
SPUR PROJECT- Early-stage porphyry gold-copper EARLY STAGE ALKALIC PORPHYRY Targeting Epithermal-Porphyry Gold-Copper ▪ Early-stage alkalic porphyry alteration (Gold-Copper): - ‘Red-rock’ hematite (inner-propylitic) - Epidote + pyrite ± magnetite ± hematite skarn - Stratabound K-feldspar-albite-tour
Slide 7: Spur Project - Late-stage epithermal gold
SPUR PROJECT- Late-stage epithermal gold LATE STAGE EPITHERMAL Targeting Epithermal-Porphyry Gold-Copper ▪ Late-stage Epithermal (Gold): - Quartz + magnetite + pyrite ± chalcopyrite veins - Pyrite ± Pyrrhotite ± chalcopyrite veins / stringers / disseminated - 86m @ 1.56g/t Au, 536ppm Cu from 85m (SD
Slide 8: Spur Project – The epithermal link
SPUR PROJECT – The epithermal link SPUR (ASX:WTM) COWAL GOLD CORRIDOR (ASX:EVL) Strong similarities with Cowal Gold Corridor (ASX:EVN) Cowal (ASX:EVL, > 11Mozs Au) - early hematite-albite porphyry alteration with late epithermal veining (E41, Zukowski et al, 2014) Similar early-stage discovery i
Slide 9: Spur Project – Strong Exploration Results
SPUR PROJECT – Strong Exploration Results Targeting Epithermal-Porphyry Gold-Copper HIGH-GRADE EPITHERMAL GOLD AT SPUR SPRC007 89m @ 1.73g/t Au, 0.08% Cu from 115m SPUR inc. 57m @ 2.50g/t Au, 0.11% Cu from 115m SPUR also 16m @ 5.59g/t Au, 0.32% Cu from 156m SPUR also 9m @ 9.33g/t Au, 0.38% Cu from 1
Slide 10: Spur Project – Strong Exploration Results
SPUR PROJECT – Strong Exploration Results Targeting Epithermal-Porphyry Gold-Copper HIGH-GRADE EPITHERMAL GOLD AT SPUR SPRC007 89m @ 1.73g/t Au, 0.08% Cu from 115m SPUR inc. 57m @ 2.50g/t Au, 0.11% Cu from 115m SPUR also 16m @ 5.59g/t Au, 0.32% Cu from 156m SPUR also 9m @ 9.33g/t Au, 0.38% Cu from 1
Slide 11: Spur Project - ANT Geophysics defines priority target positions
SPUR PROJECT- ANT Geophysics defines priority target positions Defining priority target zones / margins of GUM FLAT DALCOATH SPUR ESSEX-CONSOLS WEST intrusive complexes 22m @ 1.92 g/t Au from 62m @ 0.48 g/t Au from 11m 76m ▪ Ambient Noise Tomography (ANT) geophysics has defined 44m @ 1.06 g/t inc. 5
Slide 12: Spur Project - ANT Geophysics defines large scale district potential
SPUR PROJECT- ANT Geophysics defines large scale district potential Spur Highlighting large scale potential in 3D Prospect ▪ Ambient Noise Tomography (ANT) geophysics has defined Spur W Intrusive- multiple additional large intrusive-porphyry target zones, Porphyry complex define margins at high res
Slide 13: Ramping Up Activity and Newsflow
RAMPING UP ACTIVITY AND NEWSFLOW ACTIVITY SUMMARY Discovery Gold - Copper ACTIVITY SEPT QTR DEC QTR MARCH QTR Drilling – RC/DD Discovery SPUR PROJECT Relogging historic Copper - Nickel Target Definition, inc. geophys Research - CODES Investment Graphite Target Definition, inc. geophys PROJECT STAWEL
Slide 14: Investment Case
INVESTMENT CASE Near term discovery catalysts - ongoing drilling activity into fertile epithermal-porphyry gold-copper system Gold-Copper focus - strong macro market thematic High-value targets - epithermal – porphyry gold-copper, 5km west of the Cadia Valley Project boundary, in tier 1 Macquarie Ar
Slide 15: References
REFERENCES ▪ Alkane 2023., Resource and Reserve Statement FY23, 13 September 2023 ▪ Newcrest 2021, Newcrest agrees to acquire Pretium Resources Mining, ASX, 9 November 2021 ▪ CMOC 2023., China Molybdenum Company Limited, 2022 Annual Report, http://www.cmocinternational.com/ ▪ Newmont 2023, Mining An
Slide 16: Disclaimer – Important Information
DISCLAIMER – IMPORTANT INFORMATION Forward Looking Statements This announcement contains “forward-looking statements” within the meaning of securities laws of applicable jurisdictions. Forward-looking statements can generally be identified by the use of forward-looking words such as “may”, “will”, “