WA1 Resources (WA1) Diggers & Dealers Mining Forum 2026 summary

Strategic project overview

• Luni is positioned to become the world's second-largest supplier of niobium products, with a focus on high-quality, long-term investor engagement.

• The project has received Major Project Status from the Australian government, highlighting its strategic importance for national security and sovereign capability.

• Over AUD 120 million has been invested, with more than 450 drill holes and significant high-grade resource definition.

• Luni's deposit is shallow, continuous, and located in a premium mining jurisdiction, offering both scale and grade unmatched by other undeveloped niobium projects.

• The project is fully owned and headquartered in Perth, included in the S&P/ASX 300.

Technical achievements and resource development

• Extensive drilling and targeted exploration have defined a high-grade subset of 35 million tonnes at 2.6% niobium.

• Metallurgical test work has confirmed the ability to produce high-quality ferroniobium and niobium oxide using conventional processes.

• Two years of flotation test work have demonstrated exceptional metallurgical characteristics, de-risking the technical pathway.

• Test work has also validated the use of raw site water and produced high-purity niobium oxide samples.

• Mine design studies are underway, informed by comprehensive technical data.

Community, environmental, and stakeholder engagement

• Significant engagement with Aboriginal corporations and local communities has led to recognition through the Community Partnership Award.

• Comprehensive environmental data sets have been collected in partnership with local ranger groups, supporting efficient government assessment.

• Early engagement initiatives are designed to help local enterprise participate in project development and future operations.

• Long-term pump testing and water balance studies have improved the quality of inputs for the pre-feasibility study (PFS).

• The PFS is on track for release next quarter, with data already informing project partnering and funding discussions.