Butchers Creek Gold Project Mineral Resources
The Global Mineral Resource for the BCGP, incorporating both the Butchers Creek and Golden Crown deposits, now stands at 5.63Mt at 1.98g/t Au for 359,000oz of contained gold with 72% or 258,000oz of total ounces classified as Indicated.
Growth focused drilling campaign is planned to commence in 2025 to facilitate a Mineral Resource Estimate (MRE) update for the Golden Crown deposit. This program follows up WIN’s successful 2024 drilling campaign that returned 6m @ 10.85g/t Au 140m below the current MRE updated in 2021 that extended to only 100m below surface.
For full details please refer to ASX announcement “WIN advances Butchers Creek towards development following resource update” Released 16 April 2025.
Butchers Creek Mining Project Mineral Resource Estimate
Note: Butchers Creek figures are rounded and reported at 0.5g/t Au cut-off to 150m below surface (open pit) and 0.8g/t Au cut-off below 150m of surface. Golden Crown figures are rounded and reported above a 0.8g/t Au cut-off.
Mt Edwards Project Mineral Resources
The Mt Edwards Project represents one of the largest known unmined nickel sulphide Mineral Resource in Australia, currently comprising 13.04Mt at 1.45% Ni for 188,160 nickel tonnes. Importantly it is in a renowned nickel region hosting a number of significant producing mines and with downstream processing infrastructure nearby. The BHP Kambalda concentrator is located approximately 40km to the north-east of the Mt Edwards Project. However, the attributes and close proximity of the deposits also presents the opportunity for a standalone nickel concentrator at the Project.
Nickel Mineral Resource estimates for the deposits comprising the Mt Edwards Project
Notes: Above a 1% Ni cut-off, except Widgie 3, Gillett, Widgie Townsite and Armstrong, reported at 0.7% Ni cut-off
Lithium Mineral Resource estimates for the Faraday-Trainline Lithium Project
The Company’s Faraday-Trainline Lithium Project sits contiguous to its Mt Edwards Nickel Project. This fully permitted lithium project has significant upside potential following the discovery of near surface lithium at its Trainline prospect. In November 2023 the Faraday-Trainline lithium Mineral Resource Estimate (MRE) was upgraded to 1.96Mt @ 0.69% Li2O (0.30% Li2O cut-off) including a high-grade, near surface zone of 373kt @ 1.00% Li2O (0.85% Li2O cut-off).
Notes:
Competent Person statements
The information in this Website that relates to Exploration Results is based on, and fairly represents, information compiled, and conclusions derived by Mr. William Stewart who is a Member of the Australian Institute of Metallurgy and Mining (member no 224335). Mr. Stewart is a full-time employee of WIN Metals Ltd. Mr. Stewart has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a ‘Competent Person’ as defined in the 2012 edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (JORC Code).
Compliance statement
Exploration Results and estimates of Mineral Resources in this Website have been prepared and reported in accordance with the JORC Code.
The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and that all material assumptions and technical parameters underpinning the estimates in the market announcements continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified form the original market announcements.
