Spartan Resources (SPR) Corporate Presentation summary

Corporate overview and capital structure

• Market capitalization stands at A$1.22B with 1,107M shares on issue and A$93M in cash, no debt, resulting in an enterprise value of A$1.12B.

• Major shareholders include Ramelius Resources (18.3%), Tembo Capital Management (9.9%), and 1832 Asset Management (7.1%).

Asset portfolio and location

• Flagship Dalgaranga Gold Project in Western Australia's Murchison region hosts 2.48Moz at 4.79g/t gold and a 2.5Mtpa processing plant.

• Never Never and Pepper deposits are high-grade, close to the plant, with significant growth potential and open at depth.

• Yalgoo Gold Project adds 243,600oz at 1.45g/t Au, supporting regional resource growth.

Mineral resources and growth

• Dalgaranga Gold Project resources: 16.1Mt at 4.79g/t for 2.48Moz, with a 326% increase in ounces and 299% increase in grade in under three years.

• Never Never underground: 5.72Mt at 8.07g/t for 1.48Moz; Pepper: 1.78Mt at 7.66g/t for 0.43Moz; combined high-grade underground resource totals 1.87Moz at 8.65g/t.

• Group total mineral resources as of June 2024: 3.3Moz across Murchison and Gascoyne regions.