IPO - Westar Resources Limited - 14 December 2020 #, page-5

• Westar is focused on the discovery of large, high-grade gold deposits in WA’s premier gold districts, led by CEO Karl Jupp who has extensive WA gold exploration experience
• Westar’s highly strategic landholdings within the Sandstone, Mount Magnet, Southern Cross and Nullagine regions are located in proximity to world class mines and established infrastructure
• Westar will initially focus on identified shallow gold targets and areas with historic workings as there has been minimal modern, systematic exploration and very limited shallow drilling done to date
• Strong near-term high impact newsflow through parallel exploration programs as Westar has refined, drill ready targets to be tested immediately following listing on the ASX
• Earn-in/JV established with Ramelius (RMS) across Southern Cross (Flinders & Parker Dom) projects provide continued asset level exposure while eliminating funding requirements:

• RMS to spend $2M within 36 months to earn 75%, with Westar free carried to decision to mine
• Historic shallow drilling at Flinders includes 10m @ 88.5g/t Au , 24m @ 3.68g/t Au & 12m @ 23.3g/t Au