Waratah Minerals (WTM) investor relations material

Project overview and strategy

• Focused on the Spur Project in the Macquarie Arc, a premier copper and gold belt in New South Wales, with 100% ownership and unique tenure advantages.

• Aggressive exploration program with seven drill rigs and 80,000 m of drilling underway, targeting rapid resource growth.

• Clear strategy to progress from discovery to resource definition, leveraging a strong, experienced team and systematic drilling.

• Recent acquisition of Ironclad expands the project footprint and exploration potential.

• Project benefits from proximity to major mines and established infrastructure, with strong local workforce support.

Financial and shareholder highlights

• Market capitalization has grown from AUD 20 million to nearly AUD 200 million in 12 months.

• Share price at AUD 0.62 with 300 million shares outstanding and AUD 30 million cash on hand.

• Register includes major Australian and global institutional investors.

• Board has a track record of greenfields discoveries and successful project monetization.

Exploration results and technical progress

• Spur Zone expanded to 1 km by 250 m, with multiple high-grade gold shoots and broad mineralized halos.

• Consols discovery delivered standout drill results, including over 200 m at 1 g/t and high-grade intervals near surface.

• High strike rate with 10% of drill holes returning 100 g/m intervals; visible coarse gold and strong gravity recoveries.

• Systematic drilling is unlocking new zones and rapidly increasing the project's scale.

• Ongoing and upcoming drilling at Ironclad and Alpine expected to sustain news flow and resource growth.