Ann: $5m Placement to accelerate drilling at the Spur Project, page-3

Waratah Minerals Limited (ASX: WTM) (Company) is pleased to announce that it has received firm
commitments to raise $5 million (before costs) via a share placement to institutional, sophisticated and
professional investors at A$0.25 per share with 20 million new fully-paid ordinary shares to be issued
(‘Placement’).
The Placement will occur in two tranches with the first tranche of approximately $1.8 million, under the
Company’s existing placement capacity under ASX Listing Rules 7.1 and 7.1A, followed by a second
tranche of approximately $3.2 million, subject to shareholder approval.
A Notice of Meeting will be distributed to shareholders on or around 21 August 2024 seeking to approve
the second tranche.
The Placement will enable Waratah to accelerate exploration at the Spur Project to follow up on the recent
encouraging results.
The proceeds of the Placement will be used for:
• RC and diamond drilling,
• Target definition geophysics and geochemistry, and
• General working capital
The Placement will comprise the issue of 20 million new fully paid ordinary shares (New Shares) at an issue price
of $0.25 per share, which represents a 7.4% discount to last close price of $0.27 as at 1 August 2024. The New
Shares will rank equally with the Company’s existing shares on issue.
Morgans Corporate Limited, Foster Stockbroking Pty Limited and Bell Potter Securities Limited acted as Joint Lead
Managers.