Western Mines Group

An exploration driven company looking to create significant shareholder returns through discovery. Focused on our flagship Mulga Tank Project, an extensive nickel sulphide mineral system and the largest nickel sulphide discovery in Australia for the last 50 years.

Management Profile

Dr Caedmon Marriott, Managing Director

Dr Caedmon Marriott has over 20 years experience in mineral exploration and equity capital markets. Caedmon was previously Managing Director of Western Australian gold and nickel explorer Aldoro Resources (ASX:ARN) and prior to that Managing Director of private exploration company Hanno Resources, responsible for establishing and managing the company’s frontier exploration strategy in Western Sahara. Prior to Hanno, Caedmon worked as a buy-side mining analyst at GLG Global Mining Fund, Och-Ziff Capital and JPMorgan Natural Resources Fund. He holds a PhD in Earth Sciences, is a Chartered Financial Analyst and a member of the Australian Institute of Geoscientists (MAIG) and Society of Economic Geologists (MSEG).

What is your rationale for taking part in 121 Mining Investment?

We are looking for institutional and strategic investors to support our ongoing exploration and development efforts at Mulga Tank, the largest nickel sulphide discovery in Australia for the last 50 years and will likely be one of the top 10 deposits globally.

What recent news would you like to highlight to investors attending?

• 18 September 2025 - MTRC066 Best RC Hole Ever at Mulga Tank
• 10 April 2025 - Mulga Tank Mineral Resource Over 5Mt Contained Nickel
• 19 February 2025 - Over 1,200m of Sulphide Mineralisation in MTD029 (EIS
• 17 October 2024 - Further Phase 3 Assay Results up to 1.25% Ni 0.60% Cu
• 9 October 2024 - Further High-Grade Intervals up to 2.46% Ni 0.43% Cu
• 17 September 2024 - MTRC046 Two High-Grade Zones inc. 5m at 1.92% Ni
• 14 May 2024 - All Phase 2 RC Holes Show Broad Sulphide Mineralisation
• 16 April 2024 - MTRC038 Assay Results up to 3.16% Ni and 1.20% Cu
• 10 April 2024 - MTRC032 Assays Matrix Sulphide 6m at 1.01% Ni 0.32% Cu
• 28 March 2024 - Further RC Results with 200m Zones of Mineralisation
• 14 March 2024 - MTRC024 Assays - Matrix-Massive Sulphide Over 4.5% Ni
• 6 December 2023 - MTRC018 Assays Confirm Massive Sulphide 1.8% Ni, 4.9% Cu

What are your key goals for the next 3, 6 and 12 months?

3 Months

Complete current RC and diamond drilling program - RC infill and resource expansion, diamond targeting potential sulphide enriched keel of the Mulga Tank intrusion.

6 Months

Metallurgical testwork and Mineral Resource upgrade. Expansion of drilling programs targeting komatiite channel system.

12 Months

Initial scoping study and ongoing exploration drilling targeting high-grade zones.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Finding capital to continue exploring a globally significant nickel discovery given the short term negative sentiment towards nickel. We overcome this by being very frugal with our exploration spend and continuing ground breaking work.

What do you think makes your company such a compelling investment?

Mulga Tank is the largest nickel sulphide discovery in Australia for the last 50 years and top 10 globally.

What are the top 3 key investor takeaways?

1. Exciting exploration potential

2. 100% ownership of recently discovered extensive nickel sulphide mineral system with belt-scale potential

3. Low market cap and leverage to discovery success