Good afternoon James,

As per conversations with John and Gerry, please see below raise information for WAGR.

With precious metals at an all-time high, Emerald Capital Australia Pty Ltd ("ECA") is pleased to present this opportunity, having secured an allocation in this burgeoning gold company.

As an emerging developer of gold mines in the WA goldfields, Western Australian Gold Resources ("WAGR") is currently undertaking a private placement to raise $1m at 8cps, which will give the Company an attractive post-money valuation of A$4.4m and E/V of $3.4m. 

The company may accept an additional $1m in oversubscriptions, with the offer open to s708 Sophisticated and Professional investors only. 

Investment Highlights

WAGR is undertaking a drilling program to reaffirm the 1996 data to finalise an independent report to update the Donegal Project's tenements (E36/1009 & P36/1954, now combined into one) to JORC 2012 standards from the 1996 Barrick Gold report. Upon completion, they aim to have Donegal in operation within 12 months.

Top Drill Resources has had significant recent success with its ‘drill for equity model’ and has committed up to $1 million to bring Donegal to the JORC 2012 standard and provide extension drilling. Usually reserved for listed entities (Wildcat Resources, De Grey Mining, Spartan Resources), their familiarity with the asset and agreement to work with a private venture is highly encouraging.

Please see the article with Top Drill CEO Tim Topham, “We use our equity deals as a tool to partner with the right explorers, right management and right ground opportunities. Getting the motivation to drill holes is hard in this market climate, so we thought we’d share some of the risks and some of the upside with the companies we work with.”

Having engaged FTI Consulting to undertake the Re-JORC process, their recent validation around the strategic expansion of the cut-off grade has bolstered our confidence in the potential of ~50,000 Oz in the ground at Donegal, equating to ~A$185m at current prices.



While Donegal is the primary, short-term, value-accretive target, WAGR has several (see below) 100% owned tenements with significant potential for joint ventures or sale transactions within the next 12 months.

Overview

WAGR is committed to exploring, evaluating, and developing gold mines in the prolific WA Goldfields. As an owner-operator, WAGR's primary objective is to bring these mines into production, driving growth and success within Western Australia's mining industry.

The company has secured substantial land holdings in the region, with the potential to host gold deposits of 1M ounces or more. These acquisitions provide WAGR with the opportunity to discover and produce gold, generating revenue in the short to near term.

Leinster, Lawlers, and Agnew Gold projects are strategically located in a world-class gold camp (past production Agnew - Lawlers is >5 million ounces @ 5 g/t), surrounded by industry giants such as BHP, Goldfields Limited of South Africa, and Bellevue Gold. This prime location enhances the potential for significant discoveries and production success.

Donegal/Lawler Tenement 

The Donegal Project, the site of Paddy Lawler's original gold discovery in 1894, is a cornerstone of WAGR's portfolio. This project includes a carefully selected tenement package near existing infrastructure with historical gold production.

The Donegal Project encompasses five historic gold mines that operated intermittently from the 1890s to the 1930s using underground mining methods. In the late 1990s, Barrick Gold estimated an inferred resource of 10,199 ounces at a grade of 2.81 g/t. At current gold prices, this resource has an in-ground value of approximately $35 million, calculated with a cut-off grade of 1.0 g/t to 15 g/t.

WAGR plans to update this resource to comply with JORC 2012 standards, expanding the cut-off grade to enhance the resource estimate. Given that Barrick's estimate was made when gold was priced at $540/oz, the current all-time high price makes this project highly attractive.

Red Tipper

WAGR initially acquired Red Tipper (M36-0204) as its flagship project, driven by its high historical grades and readily accessible drill targets. A Program of Work (POW) is already in place, paving the way for exploration and extraction of surface gold.

Sitting less than 10km south of the Fairyland gold mine (+140k oz @ 4 g/t Au) and eastern Lawlers deposit groups, surface rock chip samples from reefs adjacent to the historical shaft have yielded results up to 3.67g/t, while historical drilling in 1987 reported intercepts as high as 4g/t.

Thaduna (Copper)

These leases sit on a parallel greenstone belt north of the Plutonic Gold Mine. Strong magnetic surveys indicate a Banded Iron Formation, which our neighbour, AIC Copper Mines Limited, is currently exploring for gold and copper. Furthermore, their deposits are strategically located within trucking distance to both the aforementioned Plutonic Gold and DeGrussa Copper Mines.

Initial soil sampling identified significant copper mineralisation (up to 17.6% Cu), in an area where historical work has been limited. An imminent field trip is planned to complete more intensive soil sampling on the copper-bearing anomaly with a view to identifying drill targets.

Nabberu/Jundee

Located northeast of Wiluna and adjacent to Northern Star Resources' Jundee Gold Mine. Northern Star Resources recently paid $67 million to Strickland Metals for the neighbouring Millrose Gold Project, highlighting the value and potential of this area.