Waratah Minerals (WTM) Investor presentation summary

Investment highlights and strategy

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

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

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

Project overview and regional context

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

• 100% ownership of a highly strategic, district-scale land position (~100 sq km) with multiple discovery opportunities.

• Developed infrastructure, skilled workforce, and mining-friendly jurisdiction support cost-effective exploration.

Spur Gold-Copper Project and exploration results

• Spur and Consols zones are rapidly growing, with high-grade gold intercepts and multiple untested targets.

• Consols zone now extends >300m east-west, >400m north-south, and >600m vertically.

• Notable drill results include 208.7m @ 1.17g/t Au, 117m @ 2.01g/t Au, and 80m @ 1.75g/t Au.

• Over 60,000m drilled to date, with 23 intercepts exceeding 100 gram-metres.