Waratah Minerals (WTM) Investor presentation summary

Investment highlights and strategy

• Emerging large-scale gold discovery with district-scale land position and globally significant potential.

• Strong management and discovery team with proven track record in resource development and project divestment.

• Aggressive exploration strategy delivering rapid resource growth and low discovery costs.

• Clear value creation strategy focused on stakeholder returns through discovery.

Project overview and regional context

• Located in Australia's premier Macquarie Arc gold-copper belt, home to several major mining operations and significant recent M&A activity.

• Strategic district-scale land position with 100% ownership, covering ~100 sq km and multiple discovery opportunities.

• Developed infrastructure, skilled workforce, and mining-friendly jurisdiction support project advancement.

Exploration results and resource growth

• Drilling at Spur and Consols zones has returned exceptional high-grade gold intercepts, including 208.7m @ 1.17g/t Au and 6m @ 24.56g/t Au.

• Systematic exploration and expanded drilling have extended mineralisation zones to over 2km, with high strike rates and rapid resource growth.

• Only 10% of a 50 sq km trend has been tested, indicating significant upside potential.