Minerals 260 Limited · ASX:MI6
Minerals 260 — Diggers and Dealers Mining Forum 2026
27 slides from Minerals 260's conference presentation, Aug 3, 2026
Slide 1: Advancing one of Australia's leading gold projects
For personal use only Advancing one of Australia’s leading gold projects 6.2Moz Bullabulling Gold Project Luke McFadyen CEO and Managing Director Diggers and Dealers Mining Forum 2026 1
Slide 2: Important Notes and Disclaimer
Important Notes and Disclaimer Overview Production Targets ■ This Presentation contains summary information about Minerals 260 Limited (ACN 650 766 911) (Company) and is current This Presentation includes production targets and forecast financial information derived from production targets. The as
Slide 3: Important Notes and Disclaimer
Important Notes and Disclaimer Competent Person Statements Ore Reserves Forward Looking Statements The information in this announcement that relates to the Ore Reserve Estimate for the Bullabulling Gold Project is extracted from the PFS This Presentation may contain forward-looking statements, guida
Slide 4: A Unique Value Proposition
A Unique Value Proposition For personal use only Strong Team and Pathway to Tier 1 Asset Growth Balance Sheet Production Proven Board and Bullabulling Resource Construction of village Stage 1 PFS defined the Management team with a has grown from 2.3Moz and water bores first step to 150kozpa
Slide 5: Corporate Overview
Corporate Overview Major Shareholders For personal use only Corporate Summary1 Golden Values Research Shareholders Profile Shares on Issue 2.27B Get Home Safely Samuel Terry Asset Management Unlisted Options & ~45M Performance Rights Ownership Tim Goyder (Chairman) Share Price 59c Leadership Frankli
Slide 6: Our Golden Values
OUR GOLDEN VALUES Minerals 260 Our values guide how we work, support our communities, and contribute to the success of the business. /G | Get Home Safely Everyone returns home safe and healthy each day |O | Ownership We take responsibility and think like owners Leadership We all lead through our beh
Slide 7: Experienced and Proven Team with Strong Execution Capability
Experienced and Proven Team with Strong Execution Capability Board of Directors For personal use only Tim Goyder Luke McFadyen Stacey Apostolou David Richards Emma Scotney Adam Smits Non-Executive Chairman CEO & Managing Director Lead Independent Director Non-Executive Director Non-Executive Directo
Slide 8: Bullabulling is located 65km from Kalgoorlie, Western Australia
Bullabulling is located 65km from Kalgoorlie, Western Australia; accessible via a major highway and airport Location Highlights For personal use only Low Risk Jurisdiction ■ Established gold mining region ■ Strong exploration and mining history ■ WA has 134 operating mines, 49 are gold mines produci
Slide 9: 6.2Moz Resource Provides Foundations for Future Reserve Growth
6.2Moz Resource Provides Foundations for Future Reserve Growth 190Mt @ 1.0g/t for 6.2Moz, includes 140Mt @ 0.98g/t for 4.4Moz classified as Indicated Bullabulling Mineral Resource Estimate (July 2026) For personal use only July 2026 Bullabulling Mineral Resource Estimate Category Tonnes Grade Contai
Slide 10: Bullabulling has grown from 2.3Moz to 6.2Moz since acquisition
Bullabulling has grown from 2.3Moz to 6.2Moz since Minerals 260 acquired the Project in April 2025 April 2025 December 2025 July 2026 For personal use only Mineral Resource 2.3Moz +2.2Moz 4.5Moz +1.7Moz 6.2Moz Indicated Classification 1.4Moz (60%) +1.6Moz 3.0Moz (75%) +1.4Moz 4.4Moz (70%) MI6 Contro
Slide 11: 6.2Moz Mineral Resource is one of Australia's largest undeveloped gold resources
6.2Moz Mineral Resource is one of Australia’s largest undeveloped gold resources Resource and Grade of Undeveloped Australian Gold Projects1 Producer Company Project 0 2 4 6 8 10 12 14 For personal use only 16.5 Hemi 1.4 13.2 Havieron 1.9 8.0 14.5 Bullabulling 1.0 6.2 Mt Gibson 1.0 4.7 12.5 Minyari
Slide 12: Resource growth potential from depth and strike extensions
Resource growth potential from depth and strike extensions Mineralisation open along strike north of Dicksons, SE of Kraken, west of Gibraltar Bullabulling Exploration Potential For personal use only Bullabulling drilling focused on depth extensions and infill Strong auger anomalies extending: •
Slide 13: Compelling Standalone Stage Metrics
Compelling Standalone Stage 1 Metrics PFS demonstrated Bullabulling will be a High-Margin, Large-Scale and Long-Life asset Bullabulling Development Strategy ■ Minerals 260 is pursuing a staged development strategy for the Project. For personal use only ■ The staged approach prioritizes cashflow earl
Slide 14: Pre-Feasibility Study completed on the first stage of development strategy
Pre-Feasibility Study completed on the first stage of Bullabulling’s development strategy Pre-Feasibility Study Summary For personal use only Long Life High Margin Large Scale Compelling Value2 2.5 Moz Reserve A$2,520/oz AISC ~150koz pa1 A$2.3B NPV5 19 years of production A$510M average annual 5Mtpa
Slide 15: 2.5Moz Maiden Ore Reserve underpins a multi-decade mine life
2.5Moz Maiden Ore Reserve underpins a multi-decade mine life Probable Ore Reserve of 90Mt @ 0.86g/t Au for 2.5Moz Bullabulling Maiden Ore Reserve Estimate For personal use only Deposit Tonnes Grade Contained Mt g/t Au koz Au Phoenix 50 0.84 1,300 Bacchus 26 0.89 750 Dicksons 12 0.87 330 Kraken 2.4 1
Slide 16: 2.5Moz Ore Reserve is one of Australia's largest undeveloped gold reserves
2.5Moz Ore Reserve is one of Australia’s largest undeveloped gold reserves and the largest not owned by an existing producer Reserve and Grade of Undeveloped Australian Gold Projects1 For personal use only Producer Company Project 0 1 2 3 4 5 6 12.5 Hemi 1.2 5.5 Havieron 3.0 3.7 10.5 Mt Gibson 0.9 2
Slide 17: Incorporating 7.5Mtpa Capacity into Stage Design
Incorporating 7.5Mtpa Capacity into Stage 1 Design Capital invested in Stage 1 to enable a potential future expansion Processing Plant Designed to Support Potential Future Expansion Key Information For personal use only 5Mtpa inital nameplate capacity Metallurgical parameters ‒ 92% Recovery, 85th pe
Slide 18: Approvals are progressing to plan
Approvals are progressing to plan Key Milestones Approvals Information For personal use only Mine Development & Closure Proposal (MDCP) 1 ■ Minerals 260 is progressing primary approvals Granted May ■ Enables development of the 400 person under the Western Australia State pathway, 2026 Bullabulling V
Slide 19: Community & Stakeholder Engagement Supports a Strong Social Licence to Operate
Community & Stakeholder Engagement Supports a Strong Social Licence to Operate Strong stakeholder foundations For personal use only Native Title Land Use Agreement in place Strong and positive relationship with Traditional Owners Collaborative & transparent engagement Long-standing mining dist
Slide 20: Early Construction Activities Commenced in May 2026
Early Construction Activities Commenced in May 2026 Village Construction Water bore airlift testing For personal use only ■ In April 2026, Minerals 260 executed a A$59.1 million fixed-price ■ Water exploration activities identified multiple potential sources, contract with ATCO for the design and co
Slide 21: Franco Nevada is a strategic funding partner
Franco Nevada is a strategic funding partner, having committed A$220M, its largest ever Australian investment For personal use only WHO IS FRANCO-NEVADA A$220M INVESTMENT IN FEB 2026 Paul Brink, President & CEO, Franco-Nevada — February 20262 #1 US$30B+ ROYALTY “ Bullabulling is a large and growing
Slide 22: Funding strategy designed to drive the lowest cost of capital
Funding strategy designed to drive the lowest cost of capital to underpin the long-term value of Bullabulling PFS Complete DFS & Debt Process FID Target First Gold Target For personal use only Jul 2026 2H 2026 Q1 CY2027 Q4 CY2028 A$220M SECURED — FEBRUARY 2026 DEBT FUNDING UPDATE SHAREHOLDER & PROJE
Slide 23: Delivering on all our commitments with a clear timetable to production in 2028
Delivering on all our commitments with a clear timetable to production in 2028 Indicative Development Plan1 For personal use only 2025 2026 2027 2028 2029 Acquisition of Bullabulling 4.5Moz 4.5Moz Reserve MRE Update Update Exploration and ~120,000m drilled Resource Extension, Regional Exploration an
Slide 24: Contact Us
A Unique Value Proposition For personal use only Contact Us +61 8 6556 6020 Level 1, 2 Kings Park Road, West Perth WA 6005 minerals260 minerals-260-limited minerals260.com.au 24
Slide 25: Bullabulling Mineral Resource July 2026
Bullabulling Mineral Resource July 2026 Bullabulling Mineral Resource Estimate by Deposit as of July 20261 Indicated Inferred Total Resource Deposit Tonnes Grade Metal Tonnes Grade Metal Tonnes Grade Metal (Mt) Au (g/t) Au (koz) (Mt) Au (g/t) Au (koz) (Mt) Au (g/t) Au (koz) For personal use only Dic
Slide 26: Appendix: Ore Reserve Estimates for Australian developers
Appendix: Ore Reserve Estimates for Australian developers Total Ore Reserve Project Company Stage of study Proven Probable Source Estimate Tonnage Grade Grade Tonnage Grade Grade Total Grade Total ORE For personal use only (Mt) (g/t Au) (% Cu) (Mt) (g/t Au) (% Cu) (g/t AuEq) (Moz AuEq) Pre-Feasibili
Slide 27: Appendix: Mineral Resource Estimates for Australian developers
Appendix: Mineral Resource Estimates for Australian developers Total Mineral Project Company Stage of study Measured Indicated Inferred Source Resource Estimate Total Total MRE Tonnage Grade Grade Tonnage Grade Grade Tonnage Grade Grade Grade (Moz (Mt) (g/t Au) (% Cu) (Mt) (g/t Au) (% Cu) (Mt) (g/t