Waratah Minerals (WTM) Investor Presentation summary

Investment highlights and strategy

• Gold system discovered at Spur Gold Corridor, with majors actively exploring and investing in the region.

• High-calibre, internationally experienced discovery team with a proven exploration strategy.

• Well-funded with $34M cash at bank and strong institutional shareholder support.

• Expanding drilling programs to unlock and grow asset value, targeting both epithermal gold and porphyry gold-copper.

Project overview and regional context

• Spur Gold-Copper Project holds a 100% owned, district-scale land position in the Macquarie Arc, a premier porphyry terrain.

• The region hosts world-class gold-copper mines and has seen over A$1.6Bn in mining M&A and A$300m in JVs since 2023.

• Multiple porphyry and epithermal targets identified, with extensive fertile alteration signatures.

• Excellent infrastructure supports low-cost exploration and development.

Exploration results and discovery progress

• Significant drill intercepts include 208.7m @ 1.17g/t Au from 514m, 89m @ 1.73g/t Au, and 196m @ 0.54% CuEq.

• Stepout drilling at Consols Zone signals a major discovery, with high-grade gold mineralisation over large intervals.

• Multiple zones remain open, with ongoing drilling expanding the scale and grade of mineralisation.

• Mineralisation style and scale show strong analogues to major regional deposits like Cadia Valley and Cowal.