Warriedar Resources (WA8) Status Update summary

Resource growth and exploration strategy

• Achieved a 58% increase in gold resources, now totaling 1.3 million ounces in WA, driven by doubling the Ricciardo deposit in late 2023.

• Q4 2024 scout RC drilling at Golden Range (17 holes, 3,155m) confirmed significant gold intercepts in 12 of 13 holes in the 'Golden Corridor' focus area, including 10m @ 2.02g/t Au and 1m @ 11.69g/t Au.

• Southern Golden Corridor targets (Azure Coast, Bugeye) show strong resource growth potential, with new drilling beneath historic pits yielding high-grade gold and antimony intersections.

• Ongoing drilling at Windinne Well, M1, and Ricciardo targets significant resource growth, with a goal of reaching 2 million ounces.

• 15-20% of the exploration budget is allocated to greenfield discoveries along the 70 km central Greenstone Belt.

Resource and project status

• Golden Corridor now hosts 1.21Moz gold in Mineral Resources, with 948koz at Ricciardo following a 99% increase in ounces in 2024.

• Southern Golden Corridor deposits (Azure Coast, Bugeye) have a combined existing Mineral Resource of 122koz gold, located 3km south of Ricciardo.

• Warriedar Resources holds over 2.3Moz gold resources across Western Australia and Nevada, with a robust pipeline of drill targets.

• No debt and A$10.57M cash as of 31 Dec 2024; market cap A$44M.

• All deposits are on permitted mining leases, connected by haul roads to an existing processing plant, enabling a fast-track to development.

Antimony opportunity and processing

• Identified a 1 km long antimony zone at Ardmore, with metallurgical tests showing >80% recovery and 49% concentrate grade.

• Maiden antimony mineral resource estimate (MRE) expected after mid-February assays.

• Processing pathways for gold and antimony are parallel, leveraging existing flotation infrastructure.

• Antimony sits above gold at Ardmore, offering potential for early cash flow and flexible production sequencing.