Waratah Minerals (WTM) 2025 Precious Metals Summit - Zurich summary

Project Overview and Strategy

• Focused on gold discovery in Australia's East Lachlan, Macquarie Arc, adjacent to major gold operations.

• Two years into project acquisition, with over 50% of drilling being extensional and a shift toward resource definition.

• Five rigs currently operating, reflecting increased board confidence and international fund support.

• Recent AUD 30 million placement and multiple successful capital raisings have strengthened the financial position for ongoing exploration.

• Technical team and board have extensive regional and industry experience, driving rapid progress and project development.

Geological Context and Exploration Results

• Major gold system discovered at Spur Gold Corridor, with high-grade intercepts such as 208.7m @ 1.17g/t Au from 514m and 57m @ 2.50g/t Au from 115m.

• Step-out drilling, notably hole 62 and at Consols Zone, extended the system by 500 metres and expanded the resource footprint.

• Multiple high-value targets identified, including both epithermal and porphyry gold-copper systems, supported by geochemical and geophysical datasets.

• Spur Gold Corridor shows similarities in scale and mineralisation style to the GRE 46 ore body at Cowal.

• Early-stage results indicate rapid definition of gold ounces and strong system fertility.

Metallurgy, Copper Potential, and Collaborations

• Early metallurgical test work shows encouraging signs, with no red flags and similarities to Cowal's processing flow sheet.

• Some copper zones detected, suggesting porphyry potential at depth.

• Collaboration with the Centre of Ore Deposit Studies (CODES) at University of Tasmania, including sponsorship of a PhD student for mineralisation studies.