Minerals Exploration Limited · ASX:MEX
Minerals Exploration — Investor Presentation (December 2025)
19 slides from Minerals Exploration's investor presentation, Dec 3, 2025
Slide 1: Brownfields Exploration in New Zealand's Hauraki & Otago Goldfields
For personal use only Brownfields Exploration in New Zealand’s Hauraki & Otago Goldfields Waitekauri located in major Hauraki gold system near Waihi Drilling commenced at flagship Waitekauri Gold Project Historic Jubilee underground trench results incl. 13m @ 80g/t Au ASX: MEX | NZX: MEX INVES
Slide 2: Disclaimer
DISCLAIMER Nature of Document omission therefrom. MEX accepts no responsibility to update any person This presentation contains information relating to exploration results and regarding any inaccuracy, omission or change in information in this mineral resources reported by third parties in respect o
Slide 3: New Zealand: The Land of the Long Gold Opportunity
NEW ZEALAND: THE LAND OF THE LONG GOLD OPPORTUNITY For personal use only • Historically, New Zealand’s strict regulatory environment has curbed exploration budgets and activity for decades • As a result, much of the vast highly-prospective tenure has never been exposed to modern exploration • NZ tod
Slide 4: NZ Now Leads Key Aus Mining States on Fraser Inst. Rankings
NZ NOW LEADS KEY AUS MINING STATES ON FRASER INST. RANKINGS FRASER INSTITUTE – JULY 2025 INVESTMENT AND ATRACTIVENESS INDEX – AUS & OCEANIA For personal use only 4 Minerals Exploration Limited ASX:MEX | NZX:MEX Investor Presentation - December 2025
Slide 5: Corporate Snapshot
CORPORATE SNAPSHOT Shares on Issue Cash $A Enterprise Value1 Options2/Performance Rights3 189M ~$5M $31M 18M For personal use only 0.3 4.5 4 0.25 3.5 Share price (A$) 0.2 3 Millions 2.5 0.15 2 0.1 1.5 1 0.05 0.5 0 0 1/07/2025 1/08/2025 1/09/2025 1/10/2025 1/11/2025 Volume Share price 1 As at 28 Nove
Slide 6: Experienced Board and Management
EXPERIENCED BOARD AND MANAGEMENT BOARD OF DIRECTORS For personal use only Norman Seckold Brett Mitchell Peter Nightingale Alex Passmore Chairman Executive Director Non-Executive Director Non-Executive Director Mr Seckold is an experienced mining Mr Mitchell is an experienced corporate As a director
Slide 7: Waitekauri – Tier Brownfields Gold Project
For personal use only Waitekauri – Tier 1 Brownfields Gold Project World Class Hauraki Goldfield
Slide 8: Waitekauri Gold Project – Compelling Brownfields Opportunity
WAITEKAURI GOLD PROJECT – COMPELLING BROWNFIELDS OPPORTUNITY • MEX owns 100% of four brownfields NZ gold exploration projects in North (epithermal) and South (orogenic) Island gold belts For personal use only • Flagship asset is Waitekauri Gold Project – only 8km west of OceanaGold Corporation’s (OG
Slide 9: Waitekauri Gold Project Overview
WAITEKAURI GOLD PROJECT OVERVIEW Multi-million-ounce opportunity in world-class goldfield Overview For personal use only • Waitekauri comprises 58km2 of highly prospective ground in the rich Hauraki Goldfield – over 160 years of gold production, 50 epithermal mines • Historical production from Haura
Slide 10: Waitekauri Gold Project Overview: High Grade Along Strike from WKP
WAITEKAURI GOLD PROJECT OVERVIEW High grade along strike from WKP 2.2Moz Au discovery • Waitekauri Gold Project priority prospects on private farmland and active forestry operations - permitting and approval processes for drilling fast-tracked For personal use only • Recent discovery by OGC in 2017-
Slide 11: Drilling Underway at Scotia, Jubilee to Follow
DRILLING UNDERWAY AT SCOTIA, JUBILEE TO FOLLOW Exploration Target – Bonanza style Au-Ag low sulphidation veins For personal use only Drilling began at Scotia South on 11 October 2025, with the rig now drilling the Scotia gold prospect before moving straight into a multi-hole program at the priority
Slide 12: Waitekauri – High Grade Underground Trenching
WAITEKAURI – HIGH GRADE UNDERGROUND TRENCHING • Historical underground trenching along the vein at For personal use only Jubilee by Cyprus Gold NZ in 1991 delivered significant high grade assay results including 1 : Channel_JU28: 13.0m @ 80g/t Au Channel_JU27: 24.0m @ 45g/t Au Channel_JU22: 23
Slide 13: Drilling at Flagship Waitekauri Gold Project Commenced
DRILLING AT FLAGSHIP WAITEKAURI GOLD PROJECT COMMENCED Target – bonanza style Au-Ag low sulphidation veins Hole ID Easting Northing RL Azi T Dip TD (m) Primary Target For personal use only TGW001 1845068 5858768 183 60 -45 250 South of Scotia. Subcropping epithermal qtz TGW002 1845163 5859184 233 32
Slide 14: Waiorongomai Exploration Permit Application Approved
WAIORONGOMAI (WNG) EXPLORATION PERMIT APPLICATION APPROVED • Waiorongomai Exploration Permit Application (EPA) accepted by For personal use only NZPAM in November 2025 • EPA covers brownfield epithermal Au-Ag-(Cu-Pb-Zn) project in the Waiorongomai goldfield, located approx. 5km south-east from the C
Slide 15: South Island Orogenic Au Brownfields Exploration Portfolio: Otago Goldfields Projects
For personal use only South Island Orogenic Au Brownfields Exploration Portfolio: Otago Goldfields Projects
Slide 16: Invincible Gold Project – Historic Mine
INVINCIBLE GOLD PROJECT – HISTORIC MINE Overview • Invincible Gold Project, 164 km2 prospecting For personal use only permit, targeting similar style mineralization as Macreas (OGC) and Bendigo-Ophir (SMI) – gold/tungsten bearing veins • Historic Invincible Gold Mine - The gold/tungsten veins produc
Slide 17: Oturehua Gold Project – Golden Progress Mine
OTUREHUA GOLD PROJECT – GOLDEN PROGRESS MINE Overview For personal use only • 32.4km2 exploration permit, located on privately owned farmland, new MEX rock chips include 12.1g/t Au • Golden Progress Gold Mine: Historical production estimated at 15-20koz @ 48.8g/t Au ~30km South-East from Santana
Slide 18: MEX Investment Summary
MEX INVESTMENT SUMMARY • Highly compelling gold exploration projects in a Tier-1 location, NZ fast track approvals process For personal use only • Brownfields Au Exploration Focus – Waitekauri, Oturehua and Invincible, all historic gold mines • Well funded for exploration programs: ~$5m cash at bank
Slide 19: For enquiries contact
For enquiries contact: For personal use only Brett Mitchell Executive Director +61 8 6319 1900 bmitchell@mineralsexploration.com.au Paul Armstrong Read Corporate Investor Relations +61 8 9388 1474 3 Richardson Street West Perth WA 6005 +61 8 6319 1900 admin@mineralsexploration.com.au mineralsexplora
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