Northstone Resources Limited · ASX:NRL
Northstone Resources — Investor Presentation (September 2026)
19 slides from Northstone Resources's investor presentation, Sep 18, 2026
Slide 1: High-Grade Gold & Copper in the Heart of the West Tethyan Belt
High-Grade Gold & Copper in the Heart of the West Tethyan Belt. Serbian exploration & development with a clear and credible roadmap for rapid value creation in 2026 ASX:MRR | minrex.com.au Zijin’s Veliki Krivelj mine 3km from Minrex’s Timok East Copper-Gold Project, source Getty Images.
Slide 2: Important Notice & Disclaimer
Important Notice & Disclaimer The following notices and disclaimers apply to this presentation, and you are therefore advised to read this carefully before reading or making any other use of resource estimate constitutes a foreign estimate under the ASX Listing Rules. Minrex has addressed the applic
Slide 3: Investment Overview
Investment Overview A re-rate opportunity at the intersection of price, place and pipeline Multi-Asset Gold and ~870km² of Serbian landholding across Tlamino (gold-silver) and Timok East (copper-gold), Copper Platform in one of the world's most prolific porphyry-epithermal belts Cornerstone Gold-Sil
Slide 4: Portfolio Overview
Portfolio Overview A platform spanning advanced gold development, copper-gold exploration, and Australian optionality Advanced Exploration & Development Exploration Exploration Tlamino Timok East Sofala Gold - Silver Copper - Gold Gold 670Koz @ 2.9 g/t Au Eq1 450km2 fertile landholding +350Koz Au re
Slide 5: Leadership Overview
Leadership Overview Focused leadership combining technical depth, capital markets expertise, and Balkan track record Board Management Robert Edwards Max Piirto Non-Executive Chair Chief Executive Officer Mining engineer with 30+ years across production mining, equities Project development executive
Slide 6: Corporate Overview
Corporate Overview Tightly held register and $24M EV in a billion-dollar, tier-1 district Capital Structure Trading History Share Price $0.0141 Market Capitalisation $30M Cash $6.04M2 Enterprise Value $24.06M Shares 2,143,153,314 Listed Options 227,351,5333 Performance Rights 68,500,0004 Significant
Slide 7: Serbia and the West Tethyan Belt
Serbia and the West Tethyan Belt Surrounded by giants – consistent precedent of discovery driven value creation Čukaru Peki Vareš 11.3Moz Au & 22.5Mt Cu 102Moz Ag, 0.9Mt Zn, 0.6Mt Pb & 0.7Moz Au • Combined Bor and Čukaru Peki output of • DPM acquired Adriatic for US$1.3b ~300kt Cu in 2025, expanding
Slide 8: Tlamino: High-Grade 670Koz Cornerstone
Tlamino: High-Grade 670Koz Cornerstone Advanced high-grade gold resource with established economics and substantial expansion runway • Advanced development stage project with existing 670Koz gold equivalent resource and historic economic assessment (PEA, 2021)1,2 • Located in the Serbo-Macedonian Ma
Slide 9: Barje Deposit: High-Grade, Open in Three Directions
Barje Deposit: High-Grade, Open in Three Directions Fully funded 9,000m+ of drilling commenced in May 2026 • To date, 2026 infill drilling confirms Barje’s shallow, high-grade open pit potential. • Shallow high-grade zone represents 70% of contained ounces. • Two main areas of gold-silver mineralisa
Slide 10: Tlamino: Unlocking Latent Scale & Value
Tlamino: Unlocking Latent Scale & Value A clear and credible pathway to rapidly improve underlying project value and resource growth • Infill drilling (~3,200m DD) targeting greater classification of indicated resources Phase 1 to facilitate updated economic study leveraging current gold & silver pr
Slide 11: Timok East: District Scale Potential
Timok East: District Scale Potential Underexplored ground at the doorstep of one of the world's great copper-gold districts • Over 450km2 of fertile exploration ground located in the West Tethyan Belt, prospective for undiscovered porphyry-epithermal and skarn Cu-Au style mineralisation. • Situated
Slide 12: Timok East: Target Rich, Underexplored
Timok East: Target Rich, Underexplored Multiple geophysical signatures point to another hidden giant • Deep geophysics and initial drilling indicates presence of large hydrothermal system in unexplored belt adjacent to world-class deposits • Latest Audio-Magnetotellurics (AMT) results (Feb-26) highl
Slide 13: Sofala: Australian Portfolio
Sofala: Australian Portfolio 350Koz+ of Australian gold optionality in a tier-one jurisdiction • Three project areas in prolific Lachlan Fold Belt (NSW) • High-profile mining region 180km Northwest of Sydney containing several major gold, copper-gold and silver deposits • Majors active in area inclu
Slide 14: Development Strategy & Key Value Drivers
Development Strategy & Key Value Drivers A fully funded 2026 program engineered for re-rate Fully funded 2026 program focused on scaling and advancing the high grade Tlamino project, district scale Value Drivers discovery upside across compelling Serbian copper & gold exploration targets and high-im
Slide 15: For further information contact
For further information contact Investor Enquiries: Max Piirto Chief Executive Officer E: info@minrex.com.au P: +61 8 6102 2039 W: www.minrex.com.au Head Office: Level 2, 7 Havelock Street West Perth WA 6005 Corporate Presentation | September 26 ASX:MRR | minrex.com.au
Slide 16: Appendices: Mineral Resource and Exploration Results
Appendices Mineral Resource and Exploration Results 1) Information in this Presentation that relates to Exploration Results and Mineral Resources of Electrum Discovery Corp. is taken from the following Electrum news releases or reports: Date Title June 11, 2018 Medgold Resources Drills 34.6 m of 3.1
Slide 17: Appendices: Mineral Resource and Exploration Results (Cont.)
Appendices Mineral Resource and Exploration Results (Cont.) 4) A summary of the Mineral Resources of the Company are set out below. Refer to the Company’s ASX Announcements of 12 July 2021 and 28 July 2021 for full details regarding the Mineral Resources. Inferred Prospect Tonnes Grade (g/t) Contain
Slide 18: Appendices: References – Serbia and Regional Deposits
Appendices References – Serbia and Regional Deposits (Slides 3, 7 & 11) Copper Contained Gold Contained Silver Contained Tonnes Project Company Grade Copper Grade Gold Grade Silver Source (Mt) (%) (Mt) (g/t) (Moz) (g/t) (Moz) Bor Zijin 800 0.8 6.4 0.4 10.0 - - Armstrong, R., Kozelj, D., Herrington,
Slide 19: Appendices: References – New South Wales Deposits
Appendices References – New South Wales Deposits (Slide 13) Gold Contained Copper Contained Silver Contained Tonnes Project Company Grade Gold Grade Copper Grade Silver Source (Mt) (g/t) (Moz) (%) (Mt) (g/t) (Moz) - - NSW Resources and Reserves Statement FY25. Alkane Resources Limited ASX Announceme
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