Mgx Resources Limited · ASX:MGX
Mgx Resources — Investor Presentation (July 2025)
19 slides from Mgx Resources's investor presentation, Jul 16, 2025
Slide 1: Agreement to acquire 50% of the Central Tanami Gold Project
Mount Gibson Iron Limited MGX Agreement to acquire 50% of the Central Tanami Gold Project Investor Presentation 16 July 2025 Aerial view of the Central Tanami Gold Project plant site, accommodation camp, airstrip and Hurricane-Repulse open pit, May 2025.
Slide 2: Disclaimer and Forward-Looking Statements
Disclaimer and Forward-Looking Statements This Document may not be reproduced, redistributed or passed on, directly or indirectly, to any other person, or published, in whole or in part, for any purpose without prior written approval from Mount Gibson Iron Limited. This Document is not a Prospectus
Slide 3: Central Tanami Gold Project Transaction Highlights
Central Tanami Gold Project Transaction Highlights ❑ A transformational opportunity to enter the precious metals sector via the acquisition of a 50% interest in the Central Tanami Project JV (CTPJV) from Northern Star Resources Ltd (ASX: NST). ❑ Significant 1.6Moz gold Mineral Resource (CTPJV 100%)
Slide 4: Mount Gibson Iron Current Business Overview
Mount Gibson Iron Current Business Overview Corporate Koolan Island • Substantial cash and investment reserves of $460 million at 31 March 2025, with the updated figure to be ⚫ provided in the June 2025 quarterly report shortly. ⚫ Derby Broome ⚫ • Targeting diversified resources investment opportuni
Slide 5: Central Tanami Gold Project Location and Key Assets
Central Tanami Gold Project Location and Key Assets CTPJV carbon-in-leach plant site (non-operational • Extensive mining and exploration tenure since 2005 and representing a refurbishment comprising tenements within the CTPJV (2,100sqkm) option for future processing) and wholly-owned tenements (3,60
Slide 6: Central Tanami Gold Project Key Transaction Terms
Central Tanami Gold Project Key Transaction Terms ❑ Cash payment of $50 million upon completion once key conditions (refer below) are satisfied. ❑ Mount Gibson to acquire Northern Star’s subsidiary entity which holds Northern Star’s 50% interest in the (unincorporated) CTPJV and its adjacent wholly-
Slide 7: A Significant Undeveloped Australian Gold Project
A Significant Undeveloped Australian Gold Project … The Central Tanami Gold Project is one of Australia’s largest undeveloped, high-grade gold projects. Undeveloped Australian Gold Projects – Contained Resource Ounces (Moz Au)1,2 8 8.0 JORC 2012 Mineral Contained Resource Ounces 7 Resource plus (Moz
Slide 8: At an Attractive Acquisition Multiple
… at an Attractive Acquisition Multiple The acquisition multiple of $61/oz1 (or $38/oz when including historical (JORC 2004) estimates2) represents compelling value, relative to the average comparable multiple of $174/oz. Precedent Gold Transaction Multiples ($/oz)3 669 622 Based on JORC 2012 Based
Slide 9: Prospective Mine Corridor from Jims to Groundrush
Central Tanami Project JV Prospective Mine Corridor from Jims to Groundrush • Over 2 Moz were produced from the CTPJV tenements from the late 1980s to 2005. • Current Mineral Resource (JORC 2012) of 1.6 Moz from 11 of more than 20 known deposits. • Initial focus of development evaluation work is on
Slide 10: Central Tanami Project JV – Key Deposits: Groundrush
Central Tanami Project – Key Deposits Groundrush • Located on a granted mining lease, 40km north of the existing CTPJV plant site. • Past open pit production of 611 koz at a milled grade of 4.0 g/t Au between 2001- 2005. • Mineral Resource estimate of 7.7 Mt at 4.3/gt Au for 1.1 Moz contained gold*.
Slide 11: Central Tanami Project JV – Key Deposits: Ripcord
Central Tanami Project JV – Key Deposits Ripcord • Located on a granted mining lease, 3 km south of the high grade Groundrush gold deposit. • Mineral Resource estimate of 0.75 Mt at 2.1 g/t Au for 51 koz of contained gold*. • Constrained to open pit shell at cut-off grade of 0.6 g/t Au based on a go
Slide 12: Central Tanami Project JV – Key Deposits: Jims
Central Tanami Project JV – Key Deposits Jims • Located on a granted mining lease, 23 km south of the existing CTP plant site. • Past production of 125 koz at mined grade of 2.3 g/t Au between 1998-2001. • Mineral Resource estimate of 1.5 Mt at 2.3 g/t Au for 120 koz of contained gold*. • Constraine
Slide 13: Summary
Summary An established and well-funded independent iron ore producer seeking to maximise operating cashflow from the remaining mine life of Koolan Island. Strategy to utilise its existing development and operating capabilities to diversify as a multi-commodity business into other metals with positiv
Slide 14: Mount Gibson Iron Limited
Mount Gibson Iron Limited Agreement to acquire 50% of the Central Tanami Gold Project MGX Aerial view of the Central Tanami Project airstrip, accommodation camp and plant site, May 2025. Agreement to acquire 50% of the Central Tanami Gold Project Presentation authorised by Peter Kerr, Chief Executiv
Slide 15: Supplementary Information: Mineral Resources (JORC 2012) and Historical Estimates
Supplementary Information Mineral Resources (JORC 2012) and Historical Estimates (JORC 2004) Note regarding Historical Estimates: A Competent Person has not completed sufficient work to classify the historical estimates as Mineral Resources in accordance with the JORC 2012 Code. It is uncertain, fol
Slide 16: Supplementary Information: Competent person information
Supplementary Information Competent person information The information in this presentation that relates to the reported Mineral Resources Estimates for the Central Tanami Gold Project is extracted from the Tanami Gold NL (Tanami Gold) ASX announcement entitled “Annual Mineral Resource Statement” pu
Slide 17: Appendix 1 – Comparable Mineral Resource Data
Appendix 1 – Comparable Mineral Resource Data Gold-only Contained Mineral Resource Ounces & Grade1 Mineral Resource Mineral Resource Project Company Ticker ASX Release Title (Moz) Grade (g/t) Havieron Greatland Gold AIM:GGP 7.0 1.7 4-Jun-25 Greatland Gold Plc – GGP – Site Visit Presentation2 Laverto
Slide 18: Appendix 2 – Transaction Data
Appendix 2 – Transaction Data Enterprise Value Mineral Resource Resource Multiple Target Acquiror Announcement Date ASX Release Title ($m)1 (koz Au)2 ($/oz Au) Ramelius makes Recommended Takeover Offer for Spectrum Metals Ramelius Resources Feb-20 221 356 622 Spectrum Metals NTM Gold Dacian Gold Nov
Slide 19: Appendix 3 – Corporate Overview
Appendix 3 – Corporate Overview MGX Share Price (last 12 months) Issued shares 1,180 million shares Market capitalisation A$330 million ($0.28/share) Cash/investments A$460 million (31 March 2025) Bank Borrowings Nil Dividends A$332 million (fully franked) since 2011 Shareholder Distribution (% issu