WAT Resources (ASX: $WAI) Quarterly Activities Report for Period Ending 30 June 2024

WAT Resources Ltd (ASX: $WAI) has reported progress on its West Arunta Project, particularly at the Luni carbonatite, with the completion of initial flotation testwork and the announcement of the Inferred Mineral Resource estimate. The company also disclosed a cash balance of approximately A$47M as at 30 June 2024.

Executive Commentary on Luni Niobium Deposit Exploration

The completion of initial flotation testwork and the announcement of the Inferred Mineral Resource estimate for the Luni niobium deposit mark significant milestones for WAT Resources. The high-grade niobium mineralisation and excellent metallurgical testwork results demonstrate the potential of the Luni deposit. We are pleased with the progress made during the quarter and remain committed to further exploration and evaluation activities at the West Arunta Project.

Summary of WAT Resources' Quarterly Activities

WAT Resources (ASX: $WAI) has made significant progress at the Luni carbonatite within the West Arunta Project, with the completion of initial flotation testwork and the announcement of the Inferred Mineral Resource estimate. The company's cash balance of approximately A$47M provides a strong financial position for ongoing exploration and evaluation activities. The initial Inferred Mineral Resource estimate for the Luni niobium deposit confirms its world-class scale and grade, positioning it as one of Australia's major critical minerals deposits. WAT Resources remains focused on discovering and developing Tier 1 deposits in Western Australia's underexplored regions, with continued efforts in project generation and exploration activities.