Midas Minerals Limited · ASX:MM1
Midas Minerals — Investor Presentation (April 2026)
24 slides from Midas Minerals's investor presentation, Apr 16, 2026
Slide 1: Otavi Copper-Silver-Gold Project: Initial Mineral Resource Estimate & Pathway to Resource Growth
Otavi Copper-Silver-Gold Project Initial Mineral Resource Estimate & Pathway to Resource Growth 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
Otavi Copper-Silver-Gold Project 1. The Opportunity The Asset The Team Exceptional exploration upside Located in Namibia, a tier 1 Board and management have significant prior expenditure African Mining jurisdiction exceptional discovery and production track record: Shallow, high-grade and wide Promi
Slide 4: T-13 MRE Highlights
T-13 MRE Highlights T-13 Shallow Initial Mineral Resource Estimate on pre-acquisition drilling high-grade only on high-grade T-13 Copper-Silver Deposit copper-silver Resources 10.5Mt at 1.6% Cu and 21g/t Ag (2.0% CuEq), Inferred 169kt of Cu and 7.1Moz of Ag (211Kt of CuEq) 80% value in copper, 20% i
Slide 5: Otavi Copper-Silver-Gold Project – Multiple Resource Targets
Otavi Copper-Silver-Gold Project – Multiple Resource Targets T-13, initial MRE: First targeted, many more to drill MIDASMINERALS.COM 5 ASX: MM1
Slide 6: Otavi Copper-Silver-Gold Project – Resource Targets
Otavi Copper-Silver-Gold Project – Resource Targets T-13 Hartbeespoort Initial Inf. MRE of 10.5Mt @ 2.0% CuEq 4km Cu, Au soil anomaly with Cu gossans, limited Two core rigs on site, targeting: drilling including; near surface - 11.2m at 3.11% Cu, • Definition of shallow high grade; 28.4g/t Ag and 0.
Slide 7: Otavi Region Proven Grade & Scale
Otavi Region Proven Grade & Scale TSUMEB (ONGOPOLO) MINE B2GOLD’S OTJIKOTO MINE One of the World’s great base metal mines: produced ~30Mt at 4.3% Cu, 3Moz gold deposit, with >1.8Moz produced to date 17.7% Pb+Zn, 95g/t Ag containing 6Mt of base metals & 82 Moz Ag. Mined at low cost to ~1,700m KOMBAT
Slide 8: 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 RANKED 4TH On Investment Attractiveness Index – Africa Kombat Mine Otjiwarongo (Fraser Institute 2024) WIA Gold 0.9Mt Cu, Pb Kokoseb 2.9Moz Au B2 Gold STAB
Slide 9: Otavi Exploration Model
Otavi Exploration Model Potential for large-scale high-grade copper-silver-gold deposits Sediment-hosted, structurally-controlled Copper remobilised out of basement ‘red beds’ Copper dominant Significant accessory silver and gold Copper sulphides, and secondary copper oxides near surface Deposits of
Slide 10: Otavi Merwe Dome
Otavi Merwe Dome Multiple high priority copper-silver targets 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, nume
Slide 11: 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 Complicated over thrusting, by presence of Askevold meta-volcanics adv
Slide 12: Corporate
CORPORATE MIDASMINERALS.COM 12 ASX: MM1
Slide 13: Board and Corporate Consultants
Board and Corporate Consultants Extensive experience in the resources sector with a proven track record Sara Kelly Mark Calderwood Mick Wilson Michael Bohm Michael Naylor Steve Parsons Non-Executive Chair Managing Director Non-Executive Director Non-Executive Director Corporate Consultant Corporate
Slide 14: Corporate Summary
Corporate Summary Tightly-held share register backed by successful corporate, exploration and mining teams $0.78 $159M Capital Structure Board & Management Shareholder Summary3 8.4% Shares on issue3 203.5M Share Price3 Market Cap4 Performance Rights3 11.6M Incl. Mark Calderwood 5.3% Options 3.0M Ste
Slide 15: Key Messages
Key Messages Research 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 exploration High Demand Marke
Slide 16: News Flow
News Flow T-13 Resource Definition Drilling ongoing with two diamond rigs, first results expected in Q2 2026 Exploration and Resource Drilling to commence Q2 2026, on Deblin-Segen trend [insert quote] Spaatzu Discovery RC drilling ongoing, significant results reported in 2026 Planning to Increase Ri
Slide 17: Namibian Infrastructure and Cost Base
NAMIBIAN INFRASTRUCTURE AND COST BASE MIDASMINERALS.COM 17 ASX: MM1
Slide 18: Infrastructure - Otavi
Infrastructure - Otavi Namibian road Connected by main national highway (B1) 3 ½ hours from capital infrastructure is 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 transmission lines, including 220
Slide 19: Costs
Costs Namibian dollar pegged to Rand 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 construction and operat
Slide 20: Additional Information
ADDITIONAL INFORMATION MIDASMINERALS.COM 20 ASX: MM1
Slide 21: T-13 Drill Targets
T-13 West infill – High Grade core – T-13 Drill Targets1 drilling commenced drilling commenced Gap – no drilling in favourable geology Deeps – understanding controls of high grade We expect a mining operation in Namibia to have materially lower construction and operating costs than a comparable oper
Slide 22: Deblin Targets
Deblin Targets1 High grade at 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 comparable operation in
Slide 23: T-13 Resource Tables
T-13 Resource Tables Inferred Mineral Resource Estimate for the T-13 Copper-Silver Deposit by Domain Average Grade Contained Metal Cut-off Tonnage Cu Ag CuEq Cu Ag CuEq Cu% (million) (%) (g/t) (%) (kt) (koz) (kt) T-13 Main 0–300m 0.25 4.4 2.26 33.5 2.9 99 4,730 127 T-13 Main below 300m 0.50 2.2 1.43
Slide 24: End Notes & References
End Notes & References Note 1: (Page 3, 6, 21, 22) Refer MM1’s ASX release dated 16 May 2025 and titled “Transformational Project Acquisition”. Note 2: (Page 3, 6) Refer MM1’s ASX release dated 12 January 2026 and titled “Significant New, High-Grade Copper-Silver Discovery at Otavi”. Note 3: (Page 1