Waratah Minerals (WTM) Investor Presentation summary

Investment highlights

• 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.

• Strategic position in a major gold-copper district, leveraging modern exploration techniques.

• Expanding drilling programs to unlock and grow asset value.

Corporate overview

• 308M shares on issue, market capitalisation of $212M as of October 2025.

• Board and management hold 11% (fully diluted), with significant shareholders including Gladstone Mining and Regal Fund Management.

• Share price at $0.69, with listed investment in LSE:TGR valued at $0.8M.

• Board includes experienced geologists and mining executives with global discovery track records.

Spur Gold-Copper Project highlights

• District-scale, 100% owned land position in the Macquarie Arc, a premier porphyry terrain.

• Multiple high-grade gold and copper intercepts, including 208.7m @ 1.17g/t Au and 196m @ 0.54% CuEq.

• Clear exploration strategy targeting margins of fertile intrusive complexes, with two high-value targets: epithermal gold and porphyry gold-copper.

• Stepout drilling at Consols Zone signals major discovery, with ongoing drilling expanding mineralised zones.