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Wiluna Mining Corporation

FUNDRAISING PRESENTATION

www.wilunamining.com.au

May 2022

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LOCATED IN THE MIDDLE OF

THE PROLIFIC WESTERN

AUSTRALIAN GOLD DISTRICT

TIER 1 INVESTMENT LOCATION

» Wiluna is located right in the middle of WA

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WA is among the most attractive mining

»

investment jurisdictions in the world¹

» With the most richly gold-prolific land globally²

» Wiluna owns a vast 1600 km² (618 mi²) of this

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blue-chip real estate

» Surrounded by multiple million-ounce mines

and excellent infrastructure

1. Source: Ranked #1 in 2019 Fraser Institute Annual Mining Survey.

2. US Geological Survey.

Company Presentation | May 2022

www.wilunamining.com.au

Slide 2

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OPERATIONS UPDATE

MAY 2022

Optimising operational profile

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The Company has now developed into three mining areas in which it can concentrate its underground operations, being

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Bulletin, Happy Jack North and Happy Jack South. An adjacent fourth mining area at Bulletin North is also being drilled

to produce a detailed mine plan that will further supplement the forward production profile

» These three areas are readily accessible with significant primary development access established over the last six months and have a grade profile supported by completed and ongoing drilling

» These areas are currently being integrated into an updated near term plan, with the expectation of optimising the mine

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plan economics. Ongoing drilling anticipated to translate into inventory growth and increase confidence in production

forecasts for both volume and grade throughout the remainder of 2022 and 2023

» Concentration in 3 mining areas will allow the company to potentially reduce development costs, and initiatives are

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underway to achieve material mining cost reductions from July 2022

Nov-21

May-22

Jul-22

Thereafter

Initial development of

Integration of new High-Grade

Material mining cost reductions

Optimisation of operational

the 3 mining areas

areas into mine-plan

profile

Slide 3

Company Presentation | May 2022

www.wilunamining.com.au

WILUNA MINING NOW

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What we've

delivered:

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» Building a new underground

mine

» A commissioned multi-circuit

processing plant

» New and existing infrastructure

» Substantial ongoing drilling

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success

Supported by capital raising

Delivering a profitable

mine:

  • Working to delivering a profitable high grade mine
  • Clearly defined objectives for the Company
  • Initiatives commenced for further improvements
  • Support for approach confirmed by recent mine development and grade control

Upside potential:

  • Substantial gold exploration upside
  • Large-scalegold system with high grade zones
  • Standalone potential in Wiluna greenfields deposits
  • Nickel and lithium potential

Company Presentation | May 2022

www.wilunamining.com.au

Slide 4

onlyuseCAPITAL

RAISING

ersonalCompany Presentation | May 2022

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Wiluna Mining Corporation Ltd. published this content on 24 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 May 2022 02:37:02 UTC.