Midas Minerals Limited · ASX:MM1

Midas Minerals — Corporate Update (May 2025)

14 slides from Midas Minerals's corporate update, May 30, 2025

1. Slide 1: Otavi High-Grade Copper-Silver-Gold Project Webinar

   For personal use only Otavi High-Grade Copper-Silver-Gold Project Webinar May 2025 ASX: MM1

2. Slide 2: Important Notices and Disclaimer

   Important Notices and Disclaimer This presentation is dated 30 May 2025 and has been prepared by Midas Minerals Limited (ACN 625 128 770) (Midas or Company) and its related entities and is not an offer document. It does not purport to contain all the information that a prospective investor may requi

3. Slide 3: Otavi Copper-Gold-Silver Project – A Transformational Acquisition

   Otavi Copper-Gold-Silver Project – A Transformational Acquisition For personal use only The Opportunity The Asset The Team  Exceptional exploration upside  Located in Namibia, a tier 1 African  Board and management have Mining jurisdiction exceptional discovery and production  Shallow, high-grad

4. Slide 4: Corporate Summary

   Corporate Summary Tightly-held share register backed by successful corporate, exploration and mining teams For personal use only Capital Structure Shares on issue1 155.4M $0.25 $42M Tranche 2 Placement Shares4 12.3M Current Share Price1 Market Cap2 Performance Rights1 7.95M Options4 3.00M $0 $6.7M S

5. Slide 5: Board & Corporate Consultants

   Board & Corporate Consultants Extensive experience in the resources sector with a proven track record For personal use only Sara Kelly Mark Calderwood Mick Wilson Michael Naylor Non-Executive Chair Managing Director Non-Executive Director Corporate Consultant Ms Kelly has significant transactional M

6. Slide 6: Namibia - Premier Mining & Exploration Jurisdiction

   Namibia - Premier Mining & Exploration Jurisdiction Namibia Fiscal Settings & Infrastructure Namibia is ranked 4th on Investment Attractiveness Index – Africa (Fraser Institute 2023), thanks to its: For personal use only  Stable democracy, supportive of mining  Transparent system of mineral and su

7. Slide 7: Project - Copper, Silver, Gold

   Otavi Project - Copper, Silver, Gold Acquiring 100% of 1,776km2 project Located in Otavi Fold Belt of Namibia near world-class Tsumeb (Ongopolo) mine2 and smelter For personal use only Multiple mines and smelter within 100km of Otavi Excellent access to water, power, and workforce  More than A$20M

8. Slide 8: Project - T-13 cross section: What's defined so far

   Otavi Project - Copper, Silver, Gold T-13 cross section What’s defined so far Significant high-grade discoveries at T13 and Deblin For personal use only  T13, 2km strike - Walk up high-grade discovery, remains open: • 17.2m @ 7.24% Cu & 144.4g/t Ag from 125.8m; • 11m @ 5.18% Cu & 133.7g/t Ag from 1

9. Slide 9: Project - Copper, Silver, Gold: Deblin and other targets

   Otavi Project - Copper, Silver, Gold What’s defined so far  Deblin, 2km strike – Recent wide high-grade intercepts, Numerous other drill targets: For personal use only remains open:  Harteestpoort: 4km strike - Incl. 11.2m @ 3.11% Cu, 28.4g/t Ag & 0.54g/t Au • 15m @ 4.15% Cu, 14.6g/t Ag, 0.22g/t A

10. Slide 10: South Gold

    South Otavi Project - Copper, Gold 195km2 close to Otavi Project, Option to acquire 80% Located 25km north of 3Moz Otjikoto gold mine and 25km west of For personal use only Midas’ Deblin copper, gold, silver deposit Historic exploration1 in 1960s and 1990s identified:  Anomalous gold and pathfinder

11. Slide 11: Exploration Strategy and Economic Potential

    Otavi Project - Copper, Silver, Gold Photos: 1 Open pit Otjikoto; 2 Otavi town; 3 Otjikoto solar farm; 4 Tsumeb smelter; 5 Otjikoto underground; 6 Kombat head frame; 7 Tsumeb head frame. Exploration Strategy 1 2 Existing significant modern database to work with including 56km of For personal use onl

12. Slide 12: Next Steps and Anticipated Timeline

    Next Steps Anticipated Timeline Commence resource & Initial Mineral For personal use only  The Company is actively preparing for Preparations exploration Resource resource and exploration drill programs for drilling drilling Estimate  Drill contractor review is well advanced, planning to start wit

13. Slide 13: Key Messages

    Key Messages For personal use only Exceptional Project Early Discoveries High Demand Metals Team Track Record  Large project  Numerous walk-up drill  Copper, silver, gold  Large discoveries & targets development  Widespread mineralisation  Mineralisation high- experience, incl Africa  Advanci

14. Slide 14: Contact Us

    For personal use only CONTACT US Non-Executive Chair – Sara Kelly Managing Director – Mark Calderwood Level 2, 8 Richardson St West Perth, WA 6005 T: +61 8 6383 6595 E: info@midasminerals.com W: www.midasminerals.com INVESTOR RELATIONS NWR Communications Nathan Ryan M: +61 420 582 887 E: nathan.ryan

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