Minerals 260 Limited · ASX:MI6
Minerals 260 — Noosa Mining Conference 2025
20 slides from Minerals 260's conference presentation, Jul 24, 2025
Slide 1: Advancing one of Australia’s largest undeveloped gold projects
ASX: MI6 Advancing one of Australia’s largest undeveloped gold projects 2.3Moz Bullabulling Gold Project Noosa Mining Conference 24 July 2025 Luke McFadyen, Managing Director
Slide 2: Important Notes and Disclaimer
Important Notes and Disclaimer Overview • exclude and disclaim all liability, including (without limitation) any liability for fraud or negligence, for any expenses, losses, damages or This presentation contains summary information about Minerals 260 Limited (ACN 650 766 911) (Company) and is curren
Slide 3: Minerals 260 (ASX: MI6) Corporate Overview
Minerals 260 (ASX: MI6) Corporate Overview Corporate Structure1 Substantial Shareholders2 Shareholder Profile Samuel Terry 7.4% 8% Shares on Issue 2,150M Tim Goyder, Chairman 7.3% Unlisted Options 41.85M BlackRock 6.8% 37% 55% Share Price 12c Market Capitalisation $250M Franklin Templeton 5.8% Liqui
Slide 4: Minerals 260 is led by an experienced and proven team
Minerals 260 is led by an experienced and proven team Board of Directors Tim Goyder Luke McFadyen Emma Scotney David Richards Stacey Apostolou Non-Executive Chairman CEO & Managing Director Non-Executive Director Non-Executive Director Non-Executive Director Mining Executive +48 years Mineral Econom
Slide 5: Bullabulling is a brownfield project with exploration upside and a near-term production target
Bullabulling is a brownfield project with exploration upside and a near-term production target Looking north, historical pits, rehabilitated leach pads and Tenements & Geology waste dumps, tailings storage facility and exploration camp Minerals 260 Limited 5
Slide 6: Bullabulling Gold Project Highlights
Bullabulling Gold Project Highlights Bullabulling Gold Project Location, Eastern Goldfields, WA One of Australia’s largest 2.3Moz Mineral Resource1 undeveloped open-pittable contained on granted gold deposits mining leases 80,000m drilling in CY25 – Resource update by end open at depth and along 202
Slide 7: 2.3Moz Mineral Resource is supported by 12,000 drill holes
2.3Moz Mineral Resource is supported by 12,000 drill holes Bullabulling Gold Project Mineral Resource Gibraltar Dicksons Phoenix Bacchus Kraken 1km Bullabulling Mineral Resource (JORC 2012)1 Category Tonnes Grade Contained Mt g/t Au Moz Au Indicated 39 1.1 1.4 Inferred 21 1.3 0.9 Total 60 1.2 2.3 Bu
Slide 8: 2.3Moz Mineral Resource is open at depth and along strike
2.3Moz Mineral Resource is open at depth and along strike Bullabulling Gold Project Mineralisation Gibraltar Dicksons Phoenix Bacchus Kraken 1km Refer to MI6 ASX Announcement 12 May 2025 for further information. Minerals 260 Limited 8
Slide 9: Drilling to target depth and strike extensions as well as infill existing resource
Drilling to target depth and strike extensions as well as infill existing resource Bullabulling Gold Project Planned Drilling Locations 5 Regional targets Dicksons Gibraltar Phoenix 4 Bacchus – Kraken Strike Bacchus and depth extensions 1 Dicksons and Kraken Phoenix depth extensions 2 Phoenix in-fil
Slide 10: Drilling at Phoenix and Bacchus focused on infill and extensional targets
Drilling at Phoenix and Bacchus focused on infill and extensional targets Bullabulling Gold Project Mineralisation Gibraltar Phoenix Bacchus Refer to MI6 ASX Announcements 14 January and 12 May 2025 for further information. Minerals 260 Limited 10
Slide 11: Drilling has confirmed the continuity of mineralisation at depth along the entire strike length
Drilling has confirmed the continuity of mineralisation at depth along the entire strike length of the current resource Bullabulling representative long section showing modelled gold mineralisation and intersections Drilled by MI6 Historical drilling Minerals 260 Limited 11
Slide 12: Potential to extend the Phoenix and Bacchus deposits at depth
Potential to extend the Phoenix (930koz at 1.1g/t Au) and Bacchus (894koz at 1.27g/t Au) deposits at depth Cross Section showing mineralisation beneath the current Phoenix pit Drilling Result Highlights Refer to MI6 ASX Announcement 4 June 2025 for further information. Minerals 260 Limited 12
Slide 13: Drilling at Bacchus has confirmed the continuity of mineralisation at depth and along strike
Drilling at Bacchus has confirmed the continuity of mineralisation at depth and along strike Cross Section showing mineralisation beneath the current Bacchus pit Refer to MI6 ASX Announcement 7 July 2025 for further information. Minerals 260 Limited 13
Slide 14: Regional exploration to target similar structures
Regional exploration to target similar structures Aeromagnetic imagery showing untested lithological contacts and planned drilling Minerals 260 Limited 14
Slide 15: Significant historical information is an advantage for the schedule
Significant historical information is an advantage for the schedule Study Area Scope Resource Updated Mineral Resource Estimate in Dec 2025 Feasibility level slope design studies for the main pits previously been completed, updated Geotechnical to account for the ongoing extensional drilling. Hydrol
Slide 16: Historical metallurgical work provides strong foundations
Historical metallurgical work provides strong foundations Bullabulling Recovery Results Previous test programs have demonstrated the amenability of the current resource to a conventional carbon-in-leach (CIL) process flowsheet. Optimum gold recoveries at 24-hour residence times and resource grade ra
Slide 17: Existing borefield to be re-established and other sources of water to be assessed
Existing borefield to be re-established and other sources of water to be assessed Bullabulling Gold Project and nearby palaeovalleys The Project area is near three major palaeovalleys within the upper reaches of the Roe system, which host alluvial aquifers with demonstrated water yield potential. Ex
Slide 18: Drilling results, resource update and accelerated study phase will de-risk and unlock value
Drilling results, resource update and accelerated study phase will de-risk and unlock value Historical Base Accelerated drilling, study Indicative Development Plan1 and permitting phases enabled by significant work already done, including: 2025 2026 2027 2028 ~530,000m Resource Update Transaction Co
Slide 19: 2.3Moz Bullabulling Gold Project is one of Australia’s largest undeveloped gold projects
• 2.3Moz Bullabulling Gold Project is one of Australia’s largest undeveloped gold projects • 80,000m of drilling to support an updated Mineral Resource in Dec 2025 • Fully funded for all planned activities, Final Investment Decision in 2027 • Targeting first production in 2028 • Experienced Board an
Slide 20: Bullabulling Mineral Resource of 60.3Mt @ 1.2g/t Au for 2.3Moz
Bullabulling Mineral Resource of 60.3Mt @ 1.2g/t Au for 2.3Moz Bullabulling Mineral Resource Estimate as of December 20241 Indicated Inferred TOTAL By Area Tonnes (Mt) Grade (Au g/t) Ounces (koz) Tonnes (Mt) Grade (Au g/t) Ounces (koz) Tonnes (Mt) Grade (Au g/t) Ounces (koz) NORTH Bacchus 8.5 1.2 33