Waratah Minerals - WTM (ASX) News & Expert Insights from Stockhead

Waratah Minerals is focused on its flagship Spur Gold and Copper Project in the East Lachlan region of New South Wales, Australia. The project is considered highly prospective for epithermal-porphyry gold and copper mineralisation and is located in Australia’s premier gold-copper porphyry district.

The Spur Project (EL5238) is located 5km west from Newmont Corporation’s Cadia Valley Project (>50Moz Au, 9.5Mt Cu), and is hosted in equivalent Late Ordovician aged geology of the Molong Belt within the wider Lachlan Fold Belt.

Current exploration is focussing in two areas, the Spur Gold Corridor and Breccia West. Shallow epithermal gold has been mapped 1km along strike at the Spur Gold Corridor, remains open in multiple directions and has strong similarities to the Dalwhinnie/GRE46 discovery at the Cowal Deposit (Evolution Mining, ASX:EVL) (ASX WTM 28 April 2025). Additionally, drilling will continue to investigate the Breccia West Prospect, where the nature of mineralisation, host rock and assay intercepts show strong similarities to the nearby Ridgeway Deposit (Newmont Corporation, ASX:NEM) (ASX WTM 5 May 2025).

KEY PEOPLE

Geologist and Mining Executive with over 25 years’ experience and a track record of developing successful discovery strategies with juniors and majors, including roles at Newcrest Mining Limited and Alkane Resources Limited.

A mining executive with over 30 years of experience discovering, building and operating mines. Previous roles at Cameco, Vale, BHP, Ivanhoe Mines, SRK and currently the SVP Exploration and Resource Development at Maaden.

Lawyer with extensive experience across the mining industry including as a senior business development manager with Anglo American, legal compliance, risk analysis and M+A support.