Slide 1: A Western Australian Gold and Base Metals Explorer
For personal use only A Western Australian Gold and Base Metals Explorer Investor Presentation October 2021
Slide 2: Disclaimer
Disclaimer For personal use only Westar Resources Ltd ACN 635 895 082 (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 LOCATION TIER 1 JV PARTNER (WSR 25% free carried) • All projects located in WA’s premier gold terranes • Ramelius farming in with WSR free-carried to and a new potential base metal district decision to mine at 25%. Provides continued asset level exposure w
Slide 4: Activities Snapshot
Activities Snapshot For personal use only 0 10,738 47 20 18,814 1,605 LTIs Line Km Geophysics Targets Targets Drill Metres Surface Completed Generated Tested Completed Samples SANDSTONE PROJECTS (329KM2) PILBARA PROJECTS (67KM2) • Exploration success achieved at Gidgee South with further • Airborne
Slide 5: 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 0.165 A Geologist with over 20 years’ technical and leadership experience in the Australian and international miner
Slide 6: Sandstone Projects
For personal use only Sandstone Projects 6
Slide 7: Sandstone Projects - Gidgee North and Gidgee South
Sandstone Projects - Gidgee North and Gidgee South For personal use only OVERVIEW The Projects lie within the Gum Creek Greenstone Belt (GCGB) of the Youanmi Terrane, which forms a lensoidal, broadly sinusoidal belt measuring some 100km in length and 24km in width. Total area owned/under JV is 329 k
Slide 8: Gidgee North – An Exciting New Base Metal Terrane
Gidgee North – An Exciting New Base Metal Terrane For personal use only GIDGEE NORTH PROJECT 6 conductors at Gidgee North have been identified from open file SkyTEM data, with only 50% of the leases surveyed. Westar believes several of these conductors are along strike continuation of the nearby Hor
Slide 9: Gidgee North – An Exciting New Base Metal Terrane (Geoff Well)
Gidgee North – An Exciting New Base Metal Terrane For personal use only GIDGEE NORTH PROJECT – GEOFF WELL Approximately 900 metres from Altair at the Geoff Well Project, is the Vela Prospect. Originally discovered by Pancontinental Mining a single line of 12 RAB holes (665m) was drilled in 1994. The
Slide 10: Gidgee North – Blue Sky Potential
Gidgee North – Blue Sky Potential For personal use only GIDGEE NORTH PROJECT – Southern Tenement Area Appx 11km of strike in the southern tenement area with no AEM geophysics and prospective lithologies within the ‘event horizon’ stratigraphy. Due to be flown using the NRG XCITETM system in mid-late
Slide 11: Gidgee South – Early Exploration Success
Gidgee South – Early Exploration Success For personal use only GIDGEE SOUTH PROJECT Maiden drill program confirms gold mineralisation at the ‘Tassie’ prospect: o 3m @ 3.29g/t Au from 35m (GSRC0005); o 3m @ 3.41g/t Au from 55m (GSRC0047); and o Quartz vein lode beneath “Hawthorne” workings assays up
Slide 12: Sandstone Projects - Forward Work Programs
Sandstone Projects - Forward Work Programs For personal use only Next Steps (H1 2022 CY) – Gidgee North Extensional and infill soil sampling, rock-chip sampling and ground truthing of initial targets completed Q4 CY2021. AEM (airborne electromagnetic) survey (NRG Xcite) over high priority target are
Slide 13: Mount Magnet Projects
For personal use only Mount Magnet Projects 13
Slide 14: Mount Magnet Projects (100% Owned)
Mount Magnet Projects (100% Owned) For personal use only WINJANGOO & COOLALOO PROJECTS (224KM2) • 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. • Geology is the
Slide 15: Winjangoo (100% Owned)
Winjangoo (100% Owned) For personal use only WINJANGOO PROJECT Significant intersections (>0.1 g/t Au) include: • 1m at 0.25g/t Au from 52-53m in WJRC0006& • 1m at 0.22g/t Au from 53-54m, in WJRC0006 • 4m @ 0.14 g/t Au from 24 metres in WJRC0036 Prospect Scale : Gold mineralisation, sheared and alte
Slide 16: Coolaloo (100% Owned)
Coolaloo (100% Owned) For personal use only COOLALOO PROJECT Completed a maiden AC drilling program in 2021, with 373 holes for 11,038m of drilling. The drill program was designed to penetrate regolith to basement and provide a first pass geological and geochemical assessment of high priority drill
Slide 17: Southern Cross Projects
For personal use only Southern Cross Projects 17
Slide 18: Southern Cross Projects
Southern Cross Projects For personal use only RAMELIUS RESOURCES FARM-IN / JOINT VENTURE Within 36 months Ramelius Resources (ASX RMS) 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
Slide 19: Mt Finnerty Project (Farm-In/Joint Venture)
Mt Finnerty Project (Farm-In/Joint Venture) For personal use only Oblique long section of the Mt Finnerty and Mt Finnerty NE Prospect with historical RAB/RC drilling, significant intercepts and interpreted zones of gold mineralisation MT FINNERTY PROJECT The Mt Finnerty Project has several prospects
Slide 20: Parker Dome Project (Farm-In/Joint Venture)
Parker Dome Project (Farm-In/Joint Venture) For personal use only PARKER DOME PROJECT 3 separate gold anomoloies with shallow drilling (<12m) including 3.62g/t, 1g/t and 0.86g/t Au. Large areas of the project are essentially unexplored, including several structural targets identified by previous exp
Slide 21: Pilbara Projects
For personal use only Pilbara Projects 21
Slide 22: Nullagine – Opaline Well (100% Owned)
Nullagine – Opaline Well (100% Owned) For personal use only OPALINE WELL PROJECT 67km2 landholding 40km west of Nullagine in the Pilbara Craton. Historical rock chip samples in the Project area include 20.5g/t, 44.6 g/t & 200g/t Au as well as 0.25-1.15% Cu, 0.14-1.85% Zn, 79-155g/t Ag & 0.19-0.41g/t
Slide 23: Westar Resources Exploration Timeline
For personal use only Westar Resources Exploration Timeline 23
Slide 24: Indicative Exploration Timeline
Indicative Exploration Timeline For personal use only Strong news flow from parallel exploration programs across 100% owned and JV projects H2 CY2022 H1 CY2022 Q4 Q1 Q2 Sandstone (100% Owned) Gidgee North Project AEM & plate models, soil sampling & reconnaissance Drilling Prep, RC Drilling ~ 10,000m
Slide 25: Exploration – How we do business
Exploration – How we do business For personal use only We are driven by discoveries. Succeed swift or fail fast. Use evidence-based decisions at established stage-gates for progressing projects. Spend money as though it were your own. Live the strategy and our processes. ESG is genuinely important.
Slide 26: Contact
For personal use only Contact Karl Jupp Managing Director Westar Resources Ltd E: kjupp@westar.net.au