LOOKING GOOD.
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December 2024 Quarterly Report Highlights
Butchers Creek Gold Project
• Reverse Circulation (RC) and diamond drilling program completed for a total of 25 drillholes for 7,200m.
Golden Crown Deposit Exploration / Growth Drilling
• Drilling confirmed high-grade mineralisation extends 140m below the Golden Crown resource, previously
modelled only to 100m depth. Golden Crown drilling had a 100% success rate with all 3 holes intersecting
high grade gold mineralisation. Results demonstrate potential for significant resource growth at Golden Crown.
Significant gold results returned from drilling at Golden Crown North1
, included:
• 6m @ 10.85g/t gold from 253m, incl. 3m @ 21.07g/t (24BCRC014) – 140m below current resource
• 5m @ 3.63g/t gold from 222m, incl. 2m @ 8.08g/t (24BCRC012)
• 2m @ 6.00g/t gold from 130m (24BCRC013)
Butcher Creek Deposit Resource Definition Drilling
• Drilling at Butchers Creek continues to add definition to the thick high-grade central hinge position and eastern
limb mineralisation demonstrating resource growth potential. Significant gold results received from Butchers
Creek2,3 include:
• 32m @ 2.65g/t gold from 231m, incl. 24m @ 3.37g/t (24BCRC021)
• 28m @ 2.90g/t gold from 291m, incl. 21m @ 3.54g/t (24BCRC019)
• 8m @ 4.55g/t gold from 293m (24BCRC020)
• 66m @ 1.89g/t gold from 280m, incl. 17m @ 3.10g/t (24BCRC002)
• 10m @ 2.54g/t gold from 368m, incl. 3m @ 5.70g/t (24BCRC004)
• 98m @ 1.47g/t gold from 251m, incl. 13m @ 2.99g/t (24BCRC015)
• 77m @ 1.68g/t gold from 251m, incl. 11m @ 2.51g/t (24BCRC016)
• Exploration drilling targeting the down plunge extension of Butchers Creek gold system was completed during
the Quarter with assay results expected Q3 FY25.
Corporate
• Settlement of A$3.6 million placement completed following receipt of shareholder approval for the issue of the
placement shares and options at the General Meeting of shareholders held on 21 October 2024.
• Completion of the transaction with Meteoric Resources (ASX:MEI) to acquire the Butchers Creek Gold Project
(formerly Palm Springs) located in the Kimberley region of Western Australia via a tenement sale agreement
occurred on 21 November 2024.
• In December WIN confirmed receipt of a Research and Development (R&D) Tax Incentive refund of $855,000
related to the 2023/2024 financial year.
Page 2
December 2024 Quarterly Report 31 January 2025
WIN Metals Ltd (ASX: WIN) (“WIN” or “the Company”) is pleased to present its Quarterly Activities Report for the
period ended 31 December 2024.
WIN Metals Managing Director and CEO, Mr Steve Norregaard, commented:
"We are thrilled with the exceptional results from our first drilling programs at Butchers Creek and Golden Crown,
which have confirmed resource growth potential. The high-grade broad intercepts across both projects, including
new depth extensions at Golden Crown and promising intersections at Butchers Creek, mark a pivotal step forward in our exploration success. With continued progress in 2025, we're excited to further unlock the value of these high value projects."
Butchers Creek Gold Project Acquisition Completed
The Butchers Creek Gold Project (“Butchers Creek” or “the Project”) is located 30km south-east of Halls Creek in
the Kimberley region of Western Australia. Butchers Creek is a historic gold production centre hosting a global
mineral resource of 5.6Mt at 2.0g/t Au for 357,000oz of gold and a series of advanced gold drill targets. Previous
production from the Butchers Creek gold mine resulted in 52,000oz of gold being produced 1995 - 1997.
The Project consists of three mining leases, five exploration licences and three prospecting licences.
All of the tenements are in good standing with one exploration licence
and one prospecting licence application pending.
Refer to the Corporate Section of this report for further details on the terms of the transaction.
cont....
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