Midas Minerals Limited · ASX:MM1
Midas Minerals — Canaccord Genuity 5th Global Metals & Mining Conference (May 2026)
25 slides from Midas Minerals's conference presentation, May 20, 2026
Slide 1: Otavi Copper-Silver-Gold Project
For personal use only Otavi Copper-Silver-Gold Project Canaccord Genuity 5th Global Metals & Mining Conference ASX: MM1 www.midasminerals.com 1
Slide 2: Important Notices and Disclaimer
Important Notices and Disclaimer Not a Disclosure Document Forward Looking Statements This presentation does not constitute an offer or invitation to subscribe for securities in Midas or any other entity. This presentation may contain forward-looking statements. Those forward-looking statements refl
Slide 3: Otavi Copper-Silver-Gold Project: The Opportunity, Asset, Team
Otavi Copper-Silver-Gold Project 1. The Opportunity The Asset The Team For personal use only Exceptional exploration upside Located in Namibia, a tier 1 Board & Management have significant prior expenditure African Mining jurisdiction exceptional discovery and production track record: Shallow, high-
Slide 4: T-13 MRE Highlights
T-13 MRE Highlights T-13 Shallow high-grade Initial Mineral Resource Estimate on pre-acquisition drilling copper-silver For personal use only only on high-grade T-13 Copper-Silver Deposit Resource 10.5Mt at 1.6% Cu and 21g/t Ag (2.0% CuEq) Inferred Resource 169kt of Cu and 7.1Moz of Ag (211Kt of CuE
Slide 5: Exceptional Initial Results from MM1's T-13 Drilling
Exceptional Initial Results from MM1’s T-13 Drilling Infill and extensional drilling underway with two drill rigs on site. Assays received from nine For personal use only diamond core holes, seven holes pending2 T13DD005a 50m at 7.9% CuEq from 194m Including 16.3m at 19.81% CuEq from 214.7m T13DD007
Slide 6: Otavi Copper-Silver-Gold Project – Multiple Resource Targets
Otavi Copper-Silver-Gold Project – Multiple Resource Targets T-13, initial MRE: First target, many For personal use only more to drill MIDASMINERALS.COM 6 ASX: MM1
Slide 7: Otavi Copper-Silver-Gold Project – Resource Targets
Otavi Copper-Silver-Gold Project – Resource Targets T-13 Hartbeespoort Initial Inferred MRE of 10.5Mt @ 2.0% CuEq 4km Cu, Au soil anomaly with Cu gossans, limited For personal use only Two core rigs on site, targeting: drilling including near surface 11.2m at 3.11% Cu, • Definition of shallow high g
Slide 8: Otavi Region Proven Grade & Scale
Otavi Region Proven Grade & Scale TSUMEB (ONGOPOLO) MINE B2GOLD’S OTJIKOTO MINE TSCHUDI MINE One of the World’s great base metal mines: produced 3Moz gold deposit, with >1.8Moz produced to date JORC resource of 50Mt at 0.8% Cu For personal use only ~30Mt at 4.3% Cu, 17.7% Pb+Zn, 95g/t Ag containing
Slide 9: Namibia – Tier 1 African Jurisdiction
0 100 km Sinomine Namibia – Tier 1 Tsumeb Mine & Smelter 6Mt Cu, Pb, Zn African Jurisdiction Midas Minerals Otavi Project Otavi KAOKO COPPERBELT For personal use only RANKED 4TH On Investment Attractiveness Index – Africa Kombat Mine (Fraser Institute 2024) Otjiwarongo 0.9Mt Cu, Pb WIA Gold B2 Gold
Slide 10: Otavi Exploration Model
Otavi Exploration Model Potential for large-scale high-grade copper-silver-gold deposits Sediment-hosted, structurally-controlled For personal use only Copper remobilised out of basement ‘red beds’ Copper dominant Significant accessory silver and gold Copper sulphides, and secondary copper oxides ne
Slide 11: Otavi Merwe Dome
Otavi Merwe Dome Multiple high priority copper-silver targets Dome Feature that For personal use only 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:
Slide 12: Otavi Deblin-Segen Trend
Otavi Deblin-Segen Trend Additional high priority copper-silver-gold targets, drill ready Structurally-controlled copper, gold, silver deposits at the base of Otavi Group Significant intercepts on five prospects to date, the most For personal use only Complicated over thrusting, by presence of Askev
Slide 13: Corporate
For personal use only CORPORATE MIDASMINERALS.COM 13 ASX: MM1
Slide 14: Board and Corporate Consultants
Board and 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 Steve Parsons Non-Executive Chair Managing Director Non-Executive Director Non-Executive Director Corporate
Slide 15: Corporate Summary
Corporate Summary Tightly-held share register For personal use only $1.05 $253M Capital Structure Shareholder Summary4 Shares on issue4 241.3M Board & Management 7.2% Share Price4 Market Cap5 Performance Rights4 11.2M Incl. Mark Calderwood 4.5% Options 3.0M Steve Parsons / Michael Naylor 4.3% $0 $32
Slide 16: Key Messages
Key Messages Research For personal use only Exceptional Project Early Discoveries Coverage Large holding multi-deposit potential Numerous drill targets Widespread mineralization Advancing to MRE ‘World-Class’ region in Namibia, a Strong news flow from accelerated country supportive of mining explora
Slide 17: News Flow
News Flow Deblin Resource Definition Drilling For personal use only One RC rig and one diamond rig on site drilling recently commenced T-13 Resource Definition Drilling ongoing with two diamond rigs Exploration continues RC drilling planned for Segen, Hartbeespoort and Devon Q3 2026 [insert quote] S
Slide 18: Namibian Infrastructure and Cost Base
For personal use only NAMIBIAN INFRASTRUCTURE AND COST BASE MIDASMINERALS.COM 18 ASX: MM1
Slide 19: Infrastructure - Otavi
Infrastructure - Otavi Namibian road Connected by main national highway (B1) 3 ½ hours from capital infrastructure is For personal use only Windhoek. 530km from port of Walvis Bay by sealed highway and ranked best in rail Africa and higher than Australia The Otavi area is served by major transmissio
Slide 20: Costs
Costs Namibian dollar pegged to Rand For personal use only Skilled local workforce Highly competitive construction and mining costs Low transport, fuel and power costs Drilling costs significantly lower than West We expect a mining operation in Africa and Australia Namibia to have materially lower c
Slide 21: Additional Information
For personal use only ADDITIONAL INFORMATION MIDASMINERALS.COM 21 ASX: MM1
Slide 22: T-13 Drill Targets
Gap – 1 hole in High Grade core – T-13 Drill Targets1 favourable geology drilling commenced For personal use only T-13 West infill – drilling commenced Deeps – understanding controls of high grade ASX: MM1 MIDASMINERALS.COM
Slide 23: Deblin Targets
Deblin Targets1 High grade at For personal use only surface Gap – target Cu- Ag-Au in schist Very strong mineralisation in both carbonates (NDDH 9 - Cu) and schist below (NDDH 11 - Cu, Ag, Au) We expect a mining operation in Namibia to have materially lower construction and operating costs than a co
Slide 24: T-13 Resource Tables
T-13 Resource Tables For personal use only Inferred Mineral Resource Estimate for the T-13 Copper-Silver Deposit by Domain The initial MRE for the T-13 Copper and Silver Deposit has been reported in accordance with the Joint Ore Reserves Committee’s 2012 edition of the Australasian Code for Reportin
Slide 25: End Notes & References
End Notes & References Note 1: (Page 3, 7, 23, 24) Refer MM1’s ASX release dated 16 May 2025 and titled “Transformational Project Acquisition”. Note 2: (Page 3, 5) Refer MM1’s ASX release dated 4 May 2026 and titled “Exceptional Copper and Silver Intercepts at T-13, Otavi”. For personal use only Not
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