WA1 Resources (WA1) AGM 2024 summary

Opening remarks and agenda

• Highlighted the significance of the Luni niobium discovery in Western Australia, emphasizing its status as a once-in-a-generation find and the company's commitment to advancing the project.

Financial performance review

• Reported a cash balance of A$94.5M as of 30 September 2024, supporting ongoing project workstreams.

• Market capitalization stands at A$984M with an enterprise value of A$889M.

• Strong share register with significant institutional and board holdings, aligning interests with shareholders.

Board and executive committee updates

• Board includes experienced executives with backgrounds in mine development, capital markets, and compliance.

• Key personnel appointed for project management, regulatory affairs, geology, metallurgy, and marketing.