Warriedar Resources (WA8) Noosa Mining Investor Conference summary
Event summary combining transcript, slides, and related documents.
Noosa Mining Investor Conference summary
24 Jul, 2025Project highlights and strategic direction
Focused on rapid advancement of gold and antimony resources in Western Australia, with a 2.3Moz AuEq resource base and significant exploration upside along a 70km mineralised shear.
Aggressive 29,000m multi-rig drill program underway in H2 2025, targeting further resource growth at Ricciardo and along the Golden Corridor.
Strategy includes expanding high-grade mineable ounces, advancing metallurgical studies, and integrating antimony into resource models.
Multiple production pathways enabled by proximity to owned and third-party processing facilities.
All resources are on permitted mining leases with established infrastructure, including a 800ktpa CIL plant and haul roads.
Ricciardo deposit and resource growth
Ricciardo deposit now hosts 1.04Moz Au and 60.3kt Sb (2Moz AuEq), with a 408% resource increase since H1 2023.
2025 drilling delivered high-grade intersections, including 50.7m @ 5.12g/t Au and 20.4m @ 3.00g/t Au, with mineralisation open at depth and along strike.
Initial metallurgical results show up to 96% gold recovery and 81% antimony recovery in concentrate.
Open pit resource: 20Mt @ 2.5g/t AuEq for 744koz Au and 56.8kt Sb, with 37% Sb and 50% Au in M&I categories.
Resource model uses gold and antimony equivalency, with robust methodologies and price assumptions.
Exploration and development pipeline
Six discrete resources along the 25km Golden Corridor total 2.22Moz AuEq, with shallow historical drilling and substantial exploration upside.
H1 2025 drilling at Windinne Well, M1, and Valencia completed (~7,000m), with results pending; H2 program of ~10,000m scheduled.
10,000m aircore program approved for Q3/Q4 2025 to test underexplored shear zones.
Ongoing metallurgical, engineering, and scoping studies support project development.
Well-funded with A$24.4M cash (as of June 2025) and no debt, supporting continued exploration and growth.
Latest events from Warriedar Resources
- Gold resources up 58%, antimony MRE imminent, and drilling set to drive further growth.WA8
Status Update1 Dec 2025 - Ricciardo now hosts Australia's largest open pittable antimony resource, with major gold growth.WA8
Status Update26 Nov 2025 - Strong drilling results and a recommended acquisition by Capricorn Metals mark the quarter.WA8
Q1 2026 TU30 Oct 2025 - Ricciardo resource nearly doubled, major gold/antimony finds, and strong cash position for growth.WA8
H1 202515 Oct 2025 - Resource base expanded 400% since 2023, with strong gold/antimony results and Capricorn takeover.WA8
H2 202512 Oct 2025 - Largest open-pit antimony resource declared, with robust cash enabling accelerated exploration.WA8
Q4 2025 TU12 Oct 2025 - Ricciardo resource doubled and high-grade antimony discovered, driving strong growth potential.WA8
Investor Presentation2 Jul 2025 - Ricciardo resource nearly doubled, high-grade antimony discovered, and robust growth pipeline in place.WA8
Investor Presentation2 Jul 2025 - Ricciardo hosts Australia's largest open-pit antimony resource, driving major growth plans.WA8
Investor Presentation2 Jul 2025