Minrex Resources Limited · ASX:MRR
Minrex Resources — Northstone Resources — Investor Presentation (October 2026)
19 slides from Minrex Resources's investor presentation, Oct 13, 2026
Slide 1: Europe's next high-grade gold developer
rsonal use only Fast-tracked growth building Europe’s next high-grade gold developer High-grade gold and copper in the heart of Serbia’s West Tethyan Belt ASX:NRL | northstoneresources.com
Slide 2: Important Notice & Disclaimer
Important Notice & Disclaimer The following notices and disclaimers apply to this presentation, and you are therefore advised to read this carefully before reading or making any other use of mineral projects is presented in accordance with Canadian disclosure requirements (including NI 43-101) and,
Slide 3: Investment Overview
Investment Overview An imminent re-rate opportunity at the intersection of price, place and pipeline rsonal use only Multi-Asset Gold and ~870km² of Serbian landholding across Tlamino (gold-silver) and Timok East Copper Portfolio (copper-gold), in one of the world's most prolific porphyry-epithermal
Slide 4: Portfolio Overview
Portfolio Overview A platform spanning advanced gold development, copper-gold exploration, and Australian optionality rsonal use only Advanced Exploration & Development Exploration Exploration Tlamino Timok East Sofala Gold - Silver Copper - Gold Gold 670Koz @ 2.9 g/t Au Eq1 450km2 fertile landholdi
Slide 5: Leadership Overview
Leadership Overview Focused leadership combining technical depth, capital markets expertise, and Balkan track record rsonal use only Board Management Robert Edwards Max Piirto Non-Executive Chair Chief Executive Officer Mining engineer with 30+ years across production mining, equities Project develo
Slide 6: Corporate Overview
Corporate Overview Tightly held register and $22M EV in a billion-dollar, tier-1 district rsonal use only Capital Structure Trading History Share Price $0.0131 Market Capitalisation $28M Cash $6.04M2 Enterprise Value $22.06M Shares 2,143,153,314 Listed Options 227,351,5333 Performance Rights 68,500,
Slide 7: Serbia and the West Tethyan Belt
Serbia and the West Tethyan Belt Surrounded by giants – consistent precedent of discovery driven value creation rsonal use only Čukaru Peki Vareš 11.3Moz Au & 22.5Mt Cu 102Moz Ag, 0.9Mt Zn, 0.6Mt Pb & 0.7Moz Au • Combined Bor and Čukaru Peki output of • DPM acquired Adriatic for US$1.3b ~300kt Cu in
Slide 8: Tlamino: High-Grade 670Koz Cornerstone
Tlamino: High-Grade 670Koz Cornerstone Advanced high-grade gold resource with established economics and substantial expansion runway rsonal use only • Advanced development stage project with existing 670Koz gold equivalent resource and historic economic assessment (PEA, 2021)1,2 • Located in the Ser
Slide 9: Tlamino: Unlocking Latent Scale & Value
Tlamino: Unlocking Latent Scale & Value A clear and credible pathway to rapidly increase underlying project value and resource growth rsonal use only • Infill drilling (~3,200m DD) targeting greater classification of indicated resources Phase 1 to facilitate updated economic study leveraging current
Slide 10: Barje Deposit: Open and Growing
Barje Deposit: Open and Growing 2026 drilling returns highest grade-thickness intercept in project history ahead of maiden JORC MRE rsonal use only • 670koz @ 2.9 g/t AuEq Resource¹, approximately 85% gold 2021 Resource Base • High-grade breccia hosts 470koz @ 4.7 g/t AuEq, about 70% of contained ou
Slide 11: Timok East: District Scale Copper Potential
Timok East: District Scale Copper Potential Underexplored ground at the doorstep of one of the world's great copper-gold districts rsonal use only • Over 450km2 of fertile exploration ground located in the West Tethyan Belt, prospective for undiscovered porphyry-epithermal and skarn Cu-Au style mine
Slide 12: Timok East: Target Rich, Underexplored
Timok East: Target Rich, Underexplored Multiple geophysical signatures point to another hidden giant rsonal use only • Deep geophysics and initial drilling indicates presence of large hydrothermal system in unexplored belt adjacent to world-class deposits • Latest Audio-Magnetotellurics (AMT) result
Slide 13: Sofala: Australian Portfolio
Sofala: Australian Portfolio 350Koz+ of Australian gold optionality in a tier-one jurisdiction rsonal use only • Three project areas in prolific Lachlan Fold Belt (NSW) • High-profile mining region 180km Northwest of Sydney containing several major gold, copper-gold and silver deposits • Majors acti
Slide 14: Development Strategy & Key Value Drivers
Development Strategy & Key Value Drivers Clear pathway from discovery to development, engineered for re-rate Value Drivers rsonal use only A growing, shallow, high-grade gold resource on a clear path to development, with the discovery upside of a district-scale gold and copper portfolio across Serbi
Slide 15: For further information contact
rsonal use only For further information contact Investor Enquiries Max Piirto Chief Executive Officer P: +61 8 6102 2039 E: contact@northstoneresources.com W: www.northstoneresources.com Head Office Level 2, 7 Havelock Street West Perth WA 6005 ASX:NRL | northstoneresources.com
Slide 16: Appendices: Mineral Resource and Exploration Results
Appendices Mineral Resource and Exploration Results 1) Information in this Presentation that relates to Exploration Results and Mineral Resources of Electrum Discovery Corp. is taken from the following Electrum news releases or reports: Date Title rsonal use only June 11, 2018 Medgold Resources Dril
Slide 17: Appendices: Mineral Resource and Exploration Results (Cont.)
Appendices Mineral Resource and Exploration Results (Cont.) 4) A summary of the Mineral Resources of the Company are set out below. Refer to the Company’s ASX Announcements of 12 July 2021 and 28 July 2021 for full details regarding the Mineral Resources. Inferred rsonal use only Prospect Tonnes Gra
Slide 18: References – Serbia and Regional Deposits
Appendices References – Serbia and Regional Deposits (Slides 3, 7 & 11) Copper Contained Gold Contained Silver Contained Tonnes Project Company Grade Copper Grade Gold Grade Silver Source (Mt) (%) (Mt) (g/t) (Moz) (g/t) (Moz) rsonal use only Bor Zijin 800 0.8 6.4 0.4 10.0 - - Armstrong, R., Kozelj,
Slide 19: References – New South Wales Deposits
Appendices References – New South Wales Deposits (Slide 13) Gold Contained Copper Contained Silver Contained Tonnes Project Company Grade Gold Grade Copper Grade Silver Source (Mt) (g/t) (Moz) (%) (Mt) (g/t) (Moz) rsonal use only - - NSW Resources and Reserves Statement FY25. Alkane Resources Limite
Northstone Resources — Investor Presentation (October 2026) on 6ix