Waratah Minerals (WTM) Noosa Mining Conference 2026 summary

Project Overview and Strategic Focus

• Major new gold and copper discovery in New South Wales, Australia, with a strategy centered on value creation, aggressive project development, and rapid resource growth.

• Operating in the Macquarie Arc, a premier gold-copper belt with established infrastructure, proximity to major mining operations, and a world-class endowment (>80 Moz Au, 13 Mt Cu).

• 100% ownership of a ~100 sq km license area, featuring multiple intrusive porphyry complexes and rapid permitting advantages.

• Strategic land position in a mining-friendly jurisdiction with developed infrastructure and skilled workforce.

• Clear value creation strategy focused on aggressive exploration, rapid resource growth, and low discovery costs.

Exploration History and Opportunity

• The area has a rich mining history, with significant activity before WWII and intermittent exploration by various groups since the 1970s.

• Recent focus has been on gold, leveraging underexplored zones and assembling a large, growing mineralized system.

• Only 11% of a 50 sq km trend has been tested, with ongoing drilling expected to double resource potential.

• Multiple new targets and regional exploration underway, with potential for significant resource expansion.

• The project aims to unlock Australia’s next multi-million-ounce gold district, leveraging rare tenure opportunities for rapid permitting.

Drilling Results and System Growth

• Over 77,000m drilled to date, with 25 intercepts exceeding 100 gram-metres and multiple high-grade zones at Spur and Consols.

• Discovery holes include 208 m at over 1 g/t gold, with mineralization expanding over a 6 km-wide zone and dominated by high-grade shoots.

• Drilling has defined continuous high-grade gold shoots over 300m strike and 350m down-dip, with mineralisation open along strike and at depth.

• Extensional and infill drilling has defined mineralization over 1 km, with the system remaining open and showing potential for further depth.

• 2026 drilling program targets resource growth and new discoveries, with 10 rigs active and 80,000m planned.