Slide 1: Virtual Copper Conference Presentation
For personal use only Virtual Copper Conference Presentation 1 September 2025 ASX: MM1
Slide 2: Important Notices and Disclaimer
Important Notices and Disclaimer This presentation is dated 1 September 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
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
Slide 4: Corporate Summary
Corporate Summary Tightly-held share register backed by successful corporate, exploration and mining teams $0.35 For personal use only $59M Capital Structure Current Share Price1 Market Cap2 Shares on issue1 168.7M Performance Rights1 11.9M $0 $5.8M Options 3.0M Debt Cash Position3 $0.40 Shareholder
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 Bohm Michael Naylor Non-Executive Chair Managing Director Non-Executive Director Non-Executive Director Corporate Consultant Ms K
Slide 6: Team
Team Skilled technical team - on the ground Midas has an experienced technical team of For personal use only geologists, technicians and support staff. Midas also relies on expert consulting geologists, geophysicists and metallurgist all with Namibian experience. Midas will continue to grow th
Slide 7: 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
Slide 8: Project – Exploration Model
Otavi Project – Exploration Model Deposits within the Otavi and South Otavi Project are located mostly within lower units of the Otavi Fold Belt stratigraphy, For personal use only Sediment-hosted, structurally-controlled settings including: Diamictite (meta-glacial till) hosted copper-silver mine
Slide 9: 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
Slide 10: Project - Copper, Silver, Gold T-13 cross section
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
Slide 11: Project - Copper, Silver, Gold
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: Harteespoort: 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 Au
Slide 12: Project - Copper, Silver, Gold: Exploration Strategy
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 drill core, For pers
Slide 13: South Otavi Project - Copper, 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
Slide 14: Next Steps and Anticipated Timeline
Next Steps Anticipated Timeline The Company’s team is ‘drill ready’ Commence For personal use only Commence exploration & Drilling to commence on South Otavi in Team drill drilling South resource Ramp up drilling September ready Otavi drilling Otavi multiple targets Initial MRE T13 Field work
Slide 15: 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 Advanc
Slide 16: 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