Norwest Minerals : Gold Revival Conference presentation

onlyuse ersonal'Photo: Bulgera Pit from southeast wall'

Western Australia Gold & Copper

'Advancing the Bulgera Gold (100%), Bali Copper (100%) and Arunta West projects'

GOLD REVIVAL CONFERENCE

PRESENTATION

Charles Schaus - Director & CEO

DISCLAIMER

	This presentation has been prepared by Norwest Minerals Limited (Norwest or the Company). It contains general information about the Company's activities current as at the date of the presentation.
	The information is provided in summary form and does not purport to be complete. This presentation is not to be distributed (or have taken to have been distributed) to any persons in any jurisdiction to
	whom an offer or solicitation to buy shares in the Company would be unlawful. Any recipient of the presentation should observe any such restrictions on the distribution of this presentation and warrants
only	to the Company that the receipt of the presentation is not unlawful. It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company that would require a
disclosure document under the Corporation Act 2001 (Cth) (Act) or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in the
	Company will be entered into on the basis of this presentation or any information, opinion or expressed in the course of this presentation.
	This presentation is not a prospectus, product disclosure document or other offering document under Australian law or under any other law. It has been prepared for information purposes only. This
	presentation contains general summary information and does not take into account the investment objectives, financial situation and particular needs of any individual investor. It is not financial product
	advice and investors should obtain their own independent advice from qualified financial advisors with regards to their objectives, financial situation and needs. Neither Norwest nor any of their related
	bodies corporate is licenced to provide financial product advice.
	There are a number of risks, both specific to Norwest, and of a general nature which may affect the future operating and financial performance of Norwest, and the value of an investment in Norwest
	including and not limited to title risk, renewal risk, economic conditions, stock market fluctuations, mineral demand and price movements, timing of approvals, regulatory risks, operational risks, reliance
	on key personnel, resource and reserve estimations, native title risks, foreign currency fluctuations, and mining development, construction and commissioning risks.
	COMPETENT PERSON'S STATEMENTS
	Mineral Resource Estimate - The information in this report that relates to mineral resource estimation is based on work completed by Mr. Stephen Hyland, a Competent Person and Fellow of the
	AusIMM. Mr. Hyland is Principal Consultant Geologist with Hyland Geological and Mining Consultants (HGMC) and holds relevant qualifications and experience as a qualified person for public reporting
	according to the JORC Code in Australia. Mr Hyland is also a Qualified Person under the rules and requirements of the Canadian Reporting Instrument NI 43-101 Mr Hyland consents to the inclusion in
	this report of the information in the form and context in which it appears. Exploration - The information in this report that relates to Exploration Results and Exploration Targets is based on and fairly
userepresents information and supporting documentation prepared by Charles Schaus (CEO of Norwest Minerals Limited). Mr. Schaus is a member of the Australian Institute of Mining and Metallurgy and
ersonal	has sufficient experience of relevance to the styles of mineralisation and types of deposits under consideration, and to its activities undertaken to qualify as Competent Persons as defined in the 2012

Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Schaus consents to the inclusion in this report of the matters based on his information in the form and context in which they appear.

FORWARD-LOOKING STATEMENTS

This presentation may include forward-looking statements that are subject to risk factors associated with mineral exploration, mining and production businesses. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables and changes in underlying assumptions which could cause actual results or trends to differ materially, including but not limited to price fluctuations, actual demand, currency fluctuations, drilling and production results, reserve estimations, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory changes, economic and financial market conditions in various countries and regions, political risks, project delay or advancement, approvals and cost estimates. This presentation also contains reference to certain intentions, expectations, future plans, strategy and prospects of the Company. Those intentions, expectations, future plans, strategy and prospects may or may not be achieved. They are based on certain assumptions, which may not be achieved.

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NORWEST MINERALS LIMITED

Aggressively exploring for Gold & Copper in WA
CORPORATE SNAPSHOT
ASX Code	NWM
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COMPANY OVERVIEW

Arunta West

Shares on issue

180.6 million

Bali

Bulgera

Options on issue	85.7million
useMarket capitalisation (at $0.075 per share)	$13.5 million
Cash at bank - 30 September 2021	$4.66 million
E terprise value	$8.84 million
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Marymia East

Marriott

G O L D & C O P P E R E X P L O R A T I O N I N W A

•	B U L G E R A G O L D P R O J E C T - M A R Y M I A I N L I E R
•	B A L I C O P P E R P R O J E C T - A S H B U R T O N B A S I N
•	A R U N T A W E S T P R O J E C T - G I B S O N D E S E R T

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KEY ASSET OVERVIEW

	Bulgera Gold Project (100%)
	• New high-grade gold zone below historic Bulgera pit¹
	• RC hits up to 16m @ 7.3g/t gold (inc. 3m@ 30g/t)
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	• 7- new diamond holes intersect target shear zone²
	• Gold assays from core due Jan 2022
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	Bali Copper Project³ (100%)
	• 8-km Bali shear proven host to Cu, Pb, Zn and Ag
	• Historic drilling up to 6m @ 7.17% Cu
	• No drilling since 1989 - 90% of drill holes < 30m deep
	• 86 surface samples collected in 2018 average 6.3% Cu
	• Drilling planned for early 2022 underway
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MarymiaEast

Marriott

Arunta West Cu-Au Project⁴ (85% to 100%)

• 840km² ground position, surrounded by Rio and IGO exploration activity

• Assays from recent 6,550 point soil program highlighting new anomalous gold, base metals and lithium zones

• Exploration follow-up work across new anomalies scheduled for early 2022

1. ASX:NWM - Announcement 11 May 2021, 'High-grade Gold Zone Developing at Bulgera'

2. ASX:NWM - Announcement 11 November 2021, 'Bulgera Gold Project - diamond drilling update'

3. ASX:NWM - Announcement 2 June 2021, 'Norwest plans Drilling of Bali Copper Project'

4. ASX:NWM - Announcement 21 July 2021, 'Investor Presentation'

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THE BULGERA GOLD PROJECT

LOCATION & OVERVIEW

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	Mafic /Ultramafic
				Mine Sequence
		Mafic /Ultramafic
		Mine Sequence
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• Norwest holds 100% of the Bulgera Gold project located 200kms north of Meekatharra in a +7moz gold district
• Bulgera gold trend is the offset-extension of the Plutonic (+6moz)⁵ & Vango (+1moz)⁶ mafic-ultramafic mine sequence
• Bulgera includes near-surface gold resource of 93,880 ozs⁷
• Key infrastructure including power, water, airstrips and accommodation⁸
• Bulgera oxide ore processed at Plutonic until 2004 - existing haul road
• Historical production of 441kt @ 1.65g/t - mining ceased 2004
• May 21 - discovery of high-grade gold shear zone under Bulgera pit⁹
• Nov 21 - completion of maiden diamond drilling program - intersected target shear zone in all 7 holes¹⁰
• 1. - Superior Gold Inc., Website www.superior-gold.com & Resolute Ltd Marymia production
  2. - ASX:VAN - Announcement 20 May 2020, 'Marymia Mineral Resource Increases to One Million Ounces'
  3. - ASX:NWM - Announcement 8 Apr 2020, 'Bulgera Gold Resources Increase 43%, Aircore Drilling Underway'
  4. - ASX:NWM - Announcement 9 July 2019, 'Norwest Minerals acquires advanced West Australian Gold Project'
  5. - ASX:NWM - Announcement 11 May 2021, 'High-grade Gold Zone Developing at Bulgera'

10. - ASX:NWM - Announcement 11 November 2021, 'Bulgera Gold Project - diamond drilling update'	4