Woomera Exploration Limited Exploring the highly prospective Gawler Craton and Musgrave Province in South Australia and extensive lithium tenement portfolio in Western Australia November 2017
Important Notice This Presentation The information in this presentation ( Presentation ) has been prepared by Woomera Exploration Ltd ( Company ). The mineral tenements of the Company as described in this Presentation ( Tenements ) are at various stages of exploration, and potential investors should understand that mineral exploration and development are high risk undertakings. There can be no assurance that exploration of the Tenements, or any other tenements that may be acquired in the future, will result in the discovery of economic ore deposits. General Information Only This Presentation provides general information to assist you with your own evaluation of the Company’s exploration assets. This Presentation is not, and is not intended to be, advice on legal, financial, taxation or investment matters nor is it intended to be financial product advice from the Company or any of its directors, employees, agents or advisers. We are not responsible for any errors in or omissions from the Presentation, whether arising out of its negligence or otherwise. We make no representation or warranty, express or implied that the Presentation is accurate, reliable or complete; or is sufficient or appropriate for your purposes or contains all of the information that a prospective investor may require. You should not rely on the information in this Presentation. We have no duty of care to you or your advisors for the Presentation or anything in it. We are not responsible to you or anyone else for any loss (however caused, including as a result of our negligence) you or anyone else may suffer or incur if you rely on the Presentation. No Recommendation This Presentation is not intended to be and is not a recommendation from either the Company or its directors, employees, agents or advisers regarding the Company. WEX 2017 2
WEX Company Outline Woomera Exploration Limited Woomera Exploration Limited (WEX) is an unlisted Australian Exploration Company based in Adelaide South Australia. WEX expects to successfully list on the ASX by February 2018. WEX has an extensive tenement portfolio covering 9 tenements in the Gawler Craton and Musgrave Block of South Australia that are highly prospective for IOCGU deposits (iron-oxide- copper-gold-uranium), copper- nickel deposits (Nebo Babel type), precious metal deposits and rare earth mineral deposits. Much of WEX’s ground has historically fallen under the Woomera Prohibited Area – a huge area of South Australia quarantined for military purposes for over fifty years and only recently opened up for mineral exploration. The area and near surrounds host some of the World’s great mineral deposits. In addition WEX has an extensive lithium tenement portfolio consisting of eight granted tenements and two tenement applications over ground near Pilgangoora (129Mt hard rock spodumene resource), Mt Cattlin (9.9 Mt @ 1.1% Li 2 O and 149 ppm Ta 2 O 5 ) and several prospective lithium brine prospects throughout Western Australia. WEX 2017 3
Presentation Outline Presentation Outline 1. Directors and Management 2. Key Assets 3. Carulinia Prospect 4. Nawa Domain IOCG target 5. Labryinth Prospect 6. Musgrave Block Prospectivity 7. Musgrave Block – Cavanagh Prospect 8. Musgrave Block – Area 4 Prospect 9. Musgrave Block – Area 7 Prospect 10. Musgrave Block - Additional Drill Ready Targets 11. WEX Western Australia Lithium Tenement Schedule 12. WEX Western Australia Lithium Targets – Pilgangoora 13. WEX Western Australian Lithium Targets – Mt Cattlin 14. WEX Western Australian Salt Lake Targets – Lakes Tay, Sharpe, Dundas, Cowan and Dumbleyung 15. WEX South Australian Tenement Schedule 16. WEX Company History WEX 2017 4
Experienced Directors and Management Mr Neville Martin – Chairman Neville is a former partner (now consultant) with law firm Minter Ellison and has over 40 years' experience in corporate law and mining oil and gas law. He is currently a director of both Sundance Energy Australia Ltd and Pawnee Energy Ltd (companies listed on the ASX). He is the former Chairman of Adelaide Energy Ltd and former director of ASX listed companies Stuart Petroleum and Austin Exploration Ltd. Mr David Lindh OAM – Director David is a consultant in corporate and commercial matters, with over 40 years’ experience as both a lawyer and a company director. He is currently Chairman of ASX listed Nuncannaco Science Ltd. He is a former Chairman of ASX listed Centrex Metals Ltd and was a non-executive director of ETSA Corporation, Electranet and ASX listed company Enterprise Energy Ltd. He is also a director of various private companies and is a consultant specialising in the energy and resources industry with law firm Minter Ellison. Mr Donald Triggs – Director Donald has 30 years' experience consulting to the resource, utilities, and information technology sectors. Clients have included CRA/Rio Tinto, Normandy, MIM, Xstrata, Optima Energy, Telstra, Santos, New Hampton Goldfields and Mineral Deposits Limited. He is the former General Manager of the ASX listed company Primary Resources Limited, and is currently director of Norsa Exploration Pty Ltd, and is managing exploration projects in the Musgrave Block and Gawler Craton. Mr Gerard Anderson – Director Gerard is a geologist with 42 years experience in exploration, mine and resource geology principally in iron ore, gold and base metals. Gerard’s senior management positions have included as Exploration Superintendent Boddington Gold Mine, Chief Geologist Bronzewing Gold Mine, Chief Geologist Kalgoorlie Consolidated Gold Mines, General Manager Golden Grove Operations, General Manager Newmont Joint Ventures, Managing Director of Croesus, Centrex Metals Limited and Archer Exploration Limited. Gerard has also completed a post graduate degree in Business and a Masters in Mineral Economics. Mr Jonathan Lindh – Company Secretary Jonathan has over 10 years’ legal and corporate advisory experience practising predominantly in the energy and resources sector. He holds a Bachelor of Laws, a Bachelor of International Studies and post graduate qualifications in finance and corporate governance. Jon has extensive experience in the areas of corporate governance, mergers and acquisitions, joint ventures, farmin arrangements, equity capital markets, foreign investment and native title /aboriginal heritage. WEX 2017 5
Key assets – 19 tenements covering 6,197 km 2 in Gawler Craton, Musgrave Province, Pilbara and SE Yilgarn hosting several drill-ready targets • GAWLER CRATON - world’s largest Iron Oxide Copper Gold Uranium (IOCGU) deposit - Olympic Dam and several other major IOCGU discoveries including Carrapateena and Prominent Hill • MUSGRAVE BLOCK – world class Nickel-Copper discovery at Nebo-Babel • PILBARA (Pilgangoora) 129Mt Lithium in spodumene deposit of Pilbara Minerals • SE Yilgarn – 9.9 Mt Mount Cattlin Lithium Tantalum deposit plus numerous gold and base metal deposits. WEX 2017 6
South Australia – Gawler Craton and Musgrave Province WEX 2017 7
Woomera Prohibited Area project locations SA Government estimates that the economic potential for the WPA for the next ten years exceeds $35 billion of developments, including iron ore, copper, gold and uranium projects WEX 2017 8
Gawler Craton WEX priority IOCG drill target - Carulinia WEX 2017 9
Carulinia Project – coincident magnetic gravity anomalies Coincident magnetic/gravity anomalies similar to those at Olympic Dam, Carrapateena and Prominent Hill Magnetic RTP image (left) and gravity (right) showing previous drill hole locations • 2002 core was interpreted as being Peak & Dennison basement from 319 m and Gawler Craton basement with banded quartz/feldspar/chlorite/haematite gneiss and pegmatite from 569m • 2007 core was interpreted as Peak & Dennison from 250 m WEX 2017 10
Carulinia Project - magnetic and gravity models • Magnetic (green) and gravity (orange) bodies showing an accumulation of dense material on the perimeter of a magnetic core • High density material not tested by previous drill holes • Future drilling to target the high density shell ~1 Km Model produced from 3D magnetic and gravity inversion process. WEX 2017 11
North West Gawler Craton – Nawa Domain • Extensive exploration area of 93,000 km² • Previous exploration restricted to the overlying cover sequences – looking for oil, gas, coal and sedimentary hosted mineral deposits • Virtually untouched basement < 1% outcropping and <60 basement intersecting diamond drill holes • Contains sedimentary packages aged 1790-1730 Ma possible equivalent to Fraser Range • Hiltaba aged magmatism (Olympic Dam) high potential for further IOCG type deposits WEX 2017 12
Gawler Craton Nawa Domain – previous drilling • 1974 -75 BP Minerals targeted coal in the Arckaringa Basin • 1979-82 Western Mining targeted Officer Basin Observatory Hills beds for carbonate hosted Pb-Zn deposits • 1980-82 Meekatharra Minerals coal • 1982-85 Comalco coal,evaporites • 1993 DMITRE stratigraphic drilling • 2008-10 Diatreme Resources – mineral sands • 2008- 12 Gawler-Officer- Musgrave-Amadeus (GOMA) research project WEX 2017 13
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