Mgx Resources Limited · ASX:MGX
Mgx Resources — Investor Presentation (February 2026)
32 slides from Mgx Resources's investor presentation, Feb 17, 2026
Slide 1: CTP JV Update
CTP JV Update Major Australian Gold Project Advancing Towards Production Investor Presentation February 2026
Slide 2: Disclaimer and Forward-Looking Statements
Disclaimer and Forward-Looking Statements Nature of Document words such as “planned”, “expected”, “projected”, “estimated”, “may”, “scheduled”, “intends”, “anticipates”, “believes”, “potential”, “could”, “nominal”, “conceptual” and similar expressions. Forward looking statements, This Presentation i
Slide 3: 50:50 Joint Venture
50:50 Joint Venture MGX Resources Limited Tanami Gold NL Issued Shares 1,180 million shares Issued Shares 1,175 million shares Market Cap (16-Feb-26) $513M Market Cap (16-Feb-26) $123M Cash/Investments (31-Dec-25) $497 million Cash/Investments (31-Dec-25) $28 million Bank Debt Nil Bank Debt Nil Dire
Slide 4: Central Tanami Project
550000E 600000E Central Tanami Project 7900000N EL28283 Main Deposits on the mining Leases • Located within 40km of the existing mill. EL28282 • Existing haulage roads. • Located on Mining Leases. • Existing pits (historical geology, metallurgy and mining 7850000N knowledge). • Main Deposits include
Slide 5: Jims to Groundrush
CTP Mill Jims to Groundrush The potential at depth is limited by drilling ML168 ML167 ML33760 ML22934 Produced 122,000oz Produced 541,000oz Produced 725,000oz Produced 611,000oz 52km Newmont DBS mine located 100km east. Approx. 2km depth for ML167 ML33760 Central Tanami reference Jims Dogbolter Prod
Slide 6: CTP JV MRE Update UG+OP as at 30th Sep 2025
CTP JV MRE Update UG+OP as at 30th Sep 2025 MRE Measured Indicated Inferred Total COG Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces UG+OP Deposit (000's) (g/t) (000's) (000's) (g/t) (000's) (000's) (g/t) (000's) (000's) (g/t) (000's) Southern¹, Bouncer¹, Bumper¹, Ga
Slide 7: Existing Infrastructure
Existing Infrastructure Existing 1.2Mtpa CIL Mill • Plant shut down ~Sept 2005; minimal care and maintenance since. • 2023 PFS assessed refurbishment within existing footprint. • Proposed 1.5Mtpa mill & infrastructure. 7
Slide 8: Existing Infrastructure
Existing Infrastructure Camp • 72 Rooms operating. • 64 additional rooms in-situ needing services. • Basically maintained, since 2005. • Upgrade and refurbishment planning in progress. 8
Slide 9: Focus for 2026 & 2027 (subject to the new JV approval)
Focus for 2026 & 2027 (subject to the new JV approval) Resource Development and Exploration Programs • Resource definition drilling focusing on free milling assets Groundrush, Ripcord and Jims. • Groundrush Exploration Decline. • Near-mine exploration surrounding Jims. • Greenfields & Brownfields ex
Slide 10: Groundrush Exploration Decline
Groundrush Exploration Decline N S 0 100m An exploration decline at Groundrush is proposed to advance to support an underground infill drilling program targeting conversion of 430koz of Inferred to Indicated Resources. The program includes 3.4 km of lateral development, access to 370 m below surface
Slide 11: Appendices
Appendices Deposit Details
Slide 12: CTP JV Highlights
CTP JV HIGHLIGHTS Well-endowed Mineral Resource – 31Mt at 2.8g/t for 2.8Moz of gold (1). This includes the Groundrush deposit containing 11Mt at 3.3g/t for 1.2Moz of gold based on a A$3,500/oz gold price (1) . History of mining – ca. 2Mozs since the 1980s including Groundrush with free milling recov
Slide 13: Project Location
Project Location • Central Tanami Project is located 650 km northwest of Alice Springs, 850 km southwest of Darwin and adjacent to the Tanami Road. • The 135km span of 2,108 km² tenement area encompasses highly prospective, underexplored geological sequences, in an area that is known to be well endo
Slide 14: FY25 & FY26 Drilling Highlights
FY25 & FY26 Drilling Highlights 42,907m exploration program delivered under budget. Including 28,023m of Reverse Circulation, 10,170m Air Core and 4,714m Diamond Drilling. FY25 & FY26 Significant Intercepts reported including but not limited to: Groundrush (7) Jims (3) (5) (8) 11.92m @ 3.57 g/t Au f
Slide 15: MRE September 2025 update
MRE September 2025 update • The CTP JV MRE increased to 2.8Moz(1). • Key Assumptions: • Reported resources are constrained to pit and stope optimisations in accordance with best practices and adopted joint venture standards. This approach fully complies the RPEEE (Reasonable Prospects of Eventual Ec
Slide 16: Refractory deposits
Refractory deposits CTP Mill • Historical processing results and supporting testwork confirm that refractory deposits are predominantly associated with zoned arsenian pyrite + arsenopyrite, particularly around the existing mill on ML33760, MLS167, and north of Groundrush. • MineScope and AFX Commodi
Slide 17: Groundrush and Ripcord
CTP Mill ML22934 Groundrush and Ripcord 7820000N Groundrush Groundrush 11,000kt @ 3.3g/t 1,200koz • Hosted by quartz veins in fractionated Western dolerite. Dolerite • Existing pit partially backfilled. • Last mined 2005, produced over 600,000oz at 4 g/t gold. • Free milling recovery 94%. Ripcord 1,
Slide 18: Groundrush and Ripcord
CTP Mill ML22934 Groundrush and Ripcord 7820000N Groundrush Groundrush 11,000kt @ 3.3g/t 1,200koz • Hosted by quartz veins in fractionated Western dolerite. Dolerite • Existing pit partially backfilled. • Last mined 2005, produced over 600,000oz at 4 g/t gold. • Free milling recovery 94%. Ripcord 1,
Slide 19: Groundrush
CTP Mill ML22934 Groundrush • Located on ML22934, 41km north of the existing CTP Mill. N S • MRE of 11Mt at 3.3 g/t gold for 1.2Moz. • Constrained to open pit shell at a COG of 0.6g/t gold and underground MSO’s at a COG of 1.6g/t gold using a gold 0 200m price of A$3,500/oz. LEGEND • Based on 92km o
Slide 20: Ripcord
CTP Mill ML22934 Ripcord • Located on ML22934, 41km north of the existing CTP Mill. • MRE of 1.4Mt at 2.0 g/t N S gold for 92kozs. • Constrained to open pit shell at a COG of 0.6g/t gold and underground MSO’s at a COG of LEGEND 1.5g/t gold using a gold Drill Hole Traces Open Pit Optimisation 0 100m
Slide 21: Dinky
CTP Mill Dinky ML33760 340kt @ 2.1g/t 23koz Mine Corridor Repulse Dice 1000kt @ 2.8g/t 89koz 120kt @ 2g/t 8koz • Quartz veins hosted and associated with sediment/basalt. • Existing pits partially backfilled. Hurricane • Last mined 1994, produced over 350koz. 1,500kt @ 3.5g/t 160koz Airstrip 550kt @
Slide 22: Dinky
CTP Mill Dinky ML33760 340kt @ 2.1g/t 23koz Mine Corridor Repulse Dice 1000kt @ 2.8g/t 89koz 120kt @ 2g/t 8koz • Quartz veins hosted and associated with sediment/basalt. • Existing pits partially backfilled. Hurricane • Last mined 1994, produced over 350koz. 1,500kt @ 3.5g/t 160koz Airstrip 550kt @
Slide 23: Hurricane/Repulse/Airstrip
CTP Mill ML33760 Hurricane/Repulse/Airstrip • Located on ML33760, 0.5km north of the existing CTP Mill. • MRE of 3.00Mt at 3.0 g/t Existing CIL Mill S N gold for 290kozs. • Constrained to open pit shell at a COG of 0.5- 0.7g/t gold and underground MSO’s at a COG of 1.7-1.8g/t gold LEGEND using a gol
Slide 24: MLS167
Carbine CTP Mill 2,600kt @ 3.3g/t 270koz MLS167 Mine Corridor Phoenix /Inca 370kt @ 2.5g/t 30koz • Hosted quartz veining in altered basalt, basalt / sediment or sediments. Funnelweb Money 7786000N • Existing pits partially backfilled. 239kt @ 2g/t 15koz 28kt @ 3.4g/t 3koz • Last mined 2000, produced
Slide 25: MLS167
Carbine CTP Mill 2,600kt @ 3.3g/t 270koz MLS167 Mine Corridor Phoenix /Inca 370kt @ 2.5g/t 30koz • Hosted quartz veining in altered basalt, basalt / sediment or sediments. Funnelweb Money 7786000N • Existing pits partially backfilled. 239kt @ 2g/t 15koz 28kt @ 3.4g/t 3koz • Last mined 2000, produced
Slide 26: MLS167
CTP Mill MLS167 Carbine W E • Located on MLS167, 7km south of the existing CTP Mill. • MRE of 2.6Mt at 3.3 g/t gold for 270kozs. • Constrained to open pit shell at a COG of 0.6- 0.7g/t gold and underground MSO’s at a 0 100m COG of 1.7g/t gold using a gold price of LEGEND A$3,500/oz. Drill Hole Trace
Slide 27: MLS180
Cheeseman CTP Mill 81kt @ 3.3g/t 8koz MLS180 7794000N Molech Deposits • Hosted by quartz veins in sediments 0 1 km Orion and basalt. 110kt @ 2.7g/t 10koz • Existing pits (Orion South is the only pit backfilled). • Last mined 2001, produced 94koz. • Free milling recovery 90%. Banjo • Open at depth. 2
Slide 28: MLS180
Cheeseman CTP Mill 81kt @ 3.3g/t 8koz MLS180 7794000N Molech Deposits • Hosted by quartz veins in sediments 0 1 km Orion and basalt. 110kt @ 2.7g/t 10koz • Existing pits (Orion South is the only pit backfilled). • Last mined 2001, produced 94koz. • Free milling recovery 90%. Banjo • Open at depth. 2
Slide 29: MLS168
CTP Mill MLS168 Camel Bore 95kt @ 2.4g/t 7koz Jims & Camel Bore 7773000N • Hosted by quartz veins basalt at Jims and sediment minor basalt at Camel Bore. • Existing pits (Northern end of Jims Backfilled). 0 1 km • Last mined 2001, produced 122koz. • Free milling recovery 92%. 7772000N • Jims open do
Slide 30: MLS168
CTP Mill MLS168 Camel Bore 95kt @ 2.4g/t 7koz Jims & Camel Bore 7773000N • Hosted by quartz veins basalt at Jims and sediment minor basalt at Camel Bore. • Existing pits (Northern end of Jims Backfilled). 0 1 km • Last mined 2001, produced 122koz. • Free milling recovery 92%. 7772000N • Jims open do
Slide 31: MLS168
CTP Mill MLS168 Jims N S • Located on MLS168, 23km south of the existing CTP Mill. • MRE of 2.6Mt at 2.7 g/t gold for 220kozs. • Constrained to open pit shell at a COG of 0.6- 0 100m 0.7g/t gold and underground MSO’s at a COG of 1.6g/t gold using a gold price of A$3,500/oz. LEGEND Drill Hole Traces
Slide 32: Competent Persons Statements
Competent Persons Statements The information in this presentation that relates to previously disclosed Exploration Results released to the ASX on 21 October 2024 – Miracle West Yields Encouraging Intercepts, 26 November 2024 – Drilling Continues to Return Encouraging Intercepts from the Central Tana
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