Midas Minerals Limited · ASX:MM1
Midas Minerals — Euroz Hartleys Rottnest Conference 2026
20 slides from Midas Minerals's conference presentation, Mar 19, 2026
Slide 1: Advancing the Otavi Copper-Silver-Gold Project
For personal use only Advancing the Otavi Copper-Silver-Gold Project March 2026 Euroz Hartleys Rottnest Conference ASX: MM1 www.midasminerals.com
Slide 2: Important Notices and Disclaimer
Important Notices and Disclaimer This presentation is dated 13 March 2026 and has been prepared by Midas Minerals Limited (ACN 625 128 770) (Midas or Company) and its related entities and is not an offer document. It does not purport to contain all the information that a prospective investor may req
Slide 3: Otavi Copper-Silver-Gold Project
Otavi Copper-Silver-Gold Project The Opportunity The Asset The Team For personal use only Exceptional exploration upside Located in Namibia, a tier 1 Board and management have African Mining jurisdiction exceptional discovery and Shallow, high-grade drill production track record: intercepts
Slide 4: Namibia - Tier 1 African Jurisdiction
0 100 km Sinomine Tsumeb Mine & Namibia - Tier 1 Smelter 6Mt Cu, Pb, Zn African Jurisdiction Midas Minerals Otavi Project Otavi Ranked 4th on Investment KAOKO COPPERBELT Attractiveness Index – Africa For personal use only (Fraser Institute 2024) Otjiwarongo Kombat Mine WIA Gold 0.9Mt Cu, Stable
Slide 5: Otavi Copper-Silver-Gold Project
Otavi Copper-Silver-Gold Project ¡ Three deposits identified and ready for mineral resource definition drilling: T-13, Spaatzu, Deblin ¡ Four rigs currently operating ¡ Highly compelling results, confirming high-grade copper, silver and gold, including1: For personal use only - 17.2m at 7.24% Cu & 1
Slide 6: Otavi Copper-Silver-Gold Project: T-13 cross section
For personal use only Otavi Copper-Silver-Gold Project High-grade copper and silver mineralisation from 131.2m – 136.6m (ODDH15), part of 6m at 16.65% Cu & 370.3g/t Ag 7 Cross section of T- 13 looking east ASX: MM1 MIDAS MINERALS | 6
Slide 7: Otavi Region Proven Grade & Scale
Otavi Region Proven Grade & Scale Tsumeb (Ongopolo) Mine – Produced approximately 30Mt at 4.3% Cu, 17.7% Pb+Zn, 95g/t Ag containing 1.3Mt of copper, 5Mt lead and zinc, 82 Moz silver Kombat Mine – Historic production of 12.6Mt at 2.6% Cu and 1.5% Pb and NI For personal use only 43-101 Indicated R
Slide 8: Otavi Exploration model
Otavi Exploration model ¡ Sediment-hosted, structurally-controlled ¡ Copper remobilised out of basement ‘red beds’ ¡ Copper dominant For personal use only ¡ Significant accessory silver and gold ¡ Copper sulphides, and secondary copper oxides near surface ¡ Deposits often wide, vertically extensive
Slide 9: Otavi Merwe Dome
Otavi Merwe Dome ¡ Dome Feature that extends for 60km, only partially explored over 30km strike ¡ Targeting sediment hosted, structurally controlled Copper – Silver deposits in lower Otavi Group ¡ Two significant deposits located to date: T-13 and Spaatzu, numerous drill targets For personal use onl
Slide 10: Otavi Deblin-Segen Trend
Otavi Deblin-Segen Trend ¡ Structurally-controlled copper, gold, silver deposits at the base of Otavi Group ¡ Complicated over thrusting, by presence of Askevold meta-volcanics ¡ Mineralisation along two trends totalling 40km of strike For personal use only ¡ Significant intercepts on five prospects
Slide 11: Namibian Infrastructure & Cost Base
For personal use only Namibian Infrastructure & Cost Base ASX: MM1 MIDAS MINERALS | 11
Slide 12: Infrastructure – Otavi
Infrastructure – Otavi ¡ Connected by main national highway (B1) 3 ½ hours from capital Windhoek. 530km from port of Walvis Bay by sealed highway and rail For personal use only ¡ The Otavi area is served by major transmission lines, including 220 kV, 66 kV, and 22 kV lines that connect Tsumeb, Groot
Slide 13: Costs
Costs ¡ Namibian dollar pegged to Rand. ¡ Drilling costs significantly lower than West Africa and Australia For personal use only ¡ Highly competitive construction and mining costs ¡ Low transport and power costs ¡ Skilled local workforce We expect a mining operation in Namibia to have materially lo
Slide 14: News Flow
News Flow ¡ Initial Mineral Resource Estimate for T-13 expected within a month ¡ T-13 Resource definition drilling ongoing with two diamond rigs, For personal use only first results expected in March ¡ Spaatzu Discovery, RC drilling ongoing, significant results reported in 2026 ¡ Exploration and Res
Slide 15: Key Messages
For personal use only Key Messages If you are looking for elephants, go to elephant country! Exceptional Project Early Discoveries High Demand Metals Team Track Record Large holding multi- Numerous drill Copper, silver, gold Large discoveries & deposit potential targets development Mineral
Slide 16: Board & Corporate Consultants
Board & Corporate Consultants Extensive experience in the resources sector with a proven track record For personal use only Sara Kelly Mark Calderwood Mick Wilson Michael Bohm Michael Naylor Non-Executive Chair Managing Director Non-Executive Director Non-Executive Director Corporate Consultant Ms K
Slide 17: Corporate Summary
Corporate Summary Tightly-held share register backed by successful corporate, exploration and mining teams Capital Structure Shares on issue3 203.5M $0.79 $161M Performance Rights3 11.6M For personal use only Current Share Price3 Market Cap4 Options 3.0M Shareholder Summary3 $0 $8.8M Board & Managem
Slide 18: Significant intercepts
Significant intercepts1,2,8 Intercept Copper Silver Depth Intercept Copper Silver Gold Depth Prospect Hole ID Prospect Hole ID (m) % g/t (m) (m) % g/t g/t (m) T-13 NAOTVDD0015 17.2 7.24 144.4 125.8 Deblin NANAND000002 22.5 0.30 0.4 <0.01 12.5 incl. 6.0 16.65 370.3 131.0 9.0 2.93 3.0 0.02 74.0 5.8 1.
Slide 19: End Notes & References
End Notes & References Note 1: (Page 3, 5, 18) Refer MM1’s ASX release dated 16 May 2025 and titled “Transformational Project Acquisition”. Note 2: (Page 3, 5, 18) Refer MM1’s ASX release dated 12 January 2026 and titled “Significant New, High-Grade Copper-Silver Discovery at Otavi”. Note 3: (Page 1
Slide 20: Contact Us
For personal use only CONTACT US Managing Director – Mark Calderwood Level 2, 8 Richardson St West Perth, WA 6005 T: +61 8 6383 6595 E: info@midasminerals.com W: www.midasminerals.com INVESTOR RELATIONS NWR Communications Nathan Ryan M: +61 420 582 887 E: nathan.ryan@nwrcommunications.com.au
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