Company Overview

WIM Resource – Think Ahead, Move Ahead

WIM Resource Pty Ltd (WIM) is an emerging major producer of zircon, rare earth minerals and ilmenite. WIM has an extensive resource portfolio across four different projects – comprising a cumulative resource inventory of around 1 billion tonnes of ore.

WIM's flagship Avonbank Heavy Mineral Sands (HMS) Project is at an advanced stage of development, with a Definitive Feasibilty Study (DFS) and Approvals pathway well advanced. WIM plans to bring the project into production by 2023, subject to final approvals and finance.

The Avonbank Project has Proven and Probable Reserves that underpin a mine life of 30 years, a low strip ratio and high zircon content. The recent successful completion of a demonstration plant and test pit has provided a robust foundation for the project to be developed.

Avonbank Project – A World Class Zircon Project

Commencing in April 2019 WIM excavated a test pit, and a large bulk sample of ore for processing through an on-site wet concentrator plant (WCP).

The Avonbank demonstration plant is a sign of the commitment and intent of WIM to bring the Avonbank Project on line, co-incident with an expected decrease in global zircon supply. The demonstration plant has now been completed and the test pit will be monitored for several months before rehabilitation.

The project has a Total Ore Reserve of 311.8 million tonnes @ 4.3% THM (JORC 2012, Proven and Probable), a high zircon and rare earth content.

Avonbank Project test pit and demonstration plant

Avonbank Project testing slopes for stability

Wedderburn HMS Project

The Wedderburn HMS Project is a shallow lying, zircon-rich resource with an Estimated Resource of some 223Mt @ 2.9% THM (JORC 2012, Indicated and Inferred). The project is nearby to existing infrastructure and is at a Scoping Study stage of project assessment.

Bungalally HMS Project

The Bungalally HMS Project is at a Scoping Study stage. It is consistent with WIM's other projects: high zircon, high rare earths and high VHM and very well located with respect to existing critical infrastructure. The project has a Mineral Resource Estimate of 205Mt @ 2.7% THM (JORC 2012, Inferred).

Quambatook HMS Project

Quambatook HMS Project is at an early stage of resource definition. WIM has defined a major exploration target of zircon-rich mineralisation and will continue towards a Maiden Resource in late 2020.

Stavely Exploration Project

In late October 2018, WIM was awarded the sole right to apply for Block 10 of the Stavely Initiative. This followed a competitive Stavely Tender process based on technical, stakeholder and financial merit, completed in August 2018. WIM proposes to explore for copper, gold, and other metals in the southern part of the Stavely Arc, over which Block 10 covers approximately 750km2.

WIM has now been awarded the Exploration Licence (EL) and has undertaken a series of Community Engagement sessions. The WIM technical team have already developed several exciting exploration targets, which will be assessed via a staged approach, involving geophysical surveys and reconnaissance drilling. WIM is delighted to have been recognised by the State Government, as the highest ranked applicant and are looking forward to exploring Block 10.

Further information can be found via other Stavely Block 10 Project pages of this web site and via: http://www.wimresource.com.au/irm/PDF/1115_0/WIMawardedStavelyBlock10