Midas Minerals Limited · ASX:MM1
Midas Minerals — Investor Presentation (May 2025)
20 slides from Midas Minerals's investor presentation, May 16, 2025
Slide 1: Transformational Acquisition of High-Grade Copper, Silver, Gold Project
Transformational Acquisition of High-Grade Copper, Silver, Gold Project Otavi, Namibia May 2025 ASX: MM1
Slide 2: Important Notices and Disclaimer
Important Notices and Disclaimer This presentation is dated16 May 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 requir
Slide 3: Otavi Copper-Gold-Silver Project – A Transformational Acquisition
Otavi Copper-Gold-Silver Project – A Transformational Acquisition 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 ▪ Abundance of historic shallow, high- tra
Slide 4: Corporate Summary
Corporate Summary Tightly held Share Register backed by successful corporate, exploration and mining teams Capital Structure1 Shareholder Summary1 Shares on issue 124M Board & Management 9.7% Performance rights 8.15M Incl Mark Calderwood 6.3% Steve Parsons 6.1% Michael Naylor 3.3% $0.157 $20M Total
Slide 5: Board & Corporate Consultants
Board & Corporate Consultants Extensive experience in the resources sector with a proven track record Sara Kelly Mark Calderwood Mick Wilson Michael Naylor Non-Executive Chair Managing Director Non-Executive Director Corporate Consultant Ms Kelly has significant transactional Mr Calderwood has over
Slide 6: Otavi Project - Copper, Silver, Gold
Otavi Project - Copper, Silver, Gold Acquiring 100% of 1,776 km2 project Located in Otavi Fold Belt of Namibia near world-class Tsumeb (Ongopolo) mine2 and smelter Multiple mines and smelter within 100km of Otavi More than A$20M spent on exploration by Nexa Resources Excellent access to water, power
Slide 7: Otavi Project - What's been defined so far (T13)
Otavi Project - Copper, Silver, Gold T-13 cross section What’s been defined so far Significant high-grade discoveries at T13 and Deblin ▪ 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 197m; 20m @ 4.16% Cu &
Slide 8: Otavi Project - What's been defined so far (Deblin)
Otavi Project - Copper, Silver, Gold What’s been defined so far ▪ Deblin, 2km strike – Recent wide high-grade intercepts, remains open: Numerous other drill targets: 15m @ 4.15% Cu, 14.6g/t Ag, 0.22g/t Au from 449m; ▪ Harteestpoort: 4km strike - Incl. 11.2m @ 3.11% Cu, 28.4g/t Ag & 0.54g/t Au; 17m @
Slide 9: Exploration Strategy and Economic Potential
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, >17k soi
Slide 10: Next Steps
Next Steps Anticipated Timeline Commence The Company is actively preparing for resource & Initial Mineral resource and exploration drill programs Preparations exploration Resource for drilling drilling Estimate Drill contractor review is well advanced, planning to start with at least three drill
Slide 11: 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: ▪ Stable democracy, supportive of mining ▪ Transparent system of mineral and surface land title ▪ Sta
Slide 12: Key Messages
Key Messages Exceptional Project Early Discoveries High Demand Metals Team Track Record ▪ Large project ▪ Mineralisation high- ▪ Copper, silver, gold ▪ Large discoveries & ▪ Numerous walk-up drill grade and wide, ▪ Favourable metallurgy development targets unmined, starting near experience, incl Afr
Slide 13: Additional Information
Additional Information MIDAS MINERALS ASX: MM1 | 13
Slide 14: Material Deal Terms (Otavi Project)
Otavi Project Material Deal Terms (Otavi Project) Midas’ wholly-owned subsidiary has entered into a binding share purchase agreement with a wholly-owned subsidiary of Nexa to acquire 100% legal and beneficial ownership of Otjitombo Mining Ltd (“Target”), which will hold 10 exclusive prospecting lice
Slide 15: Proven Track Record In Africa
Proven Track Record In Africa African Discovery & Development Credentials History of Midas Midas Team has substantial involvement with Africa Midas spun out of Tawana Resources in 2018 and discovery and mine development: listed on ASX in August 2021: ▪ Mark Calderwood was founding MD/CEO of Perseus
Slide 16: T13 - Long section (looking north)
Otavi Project Limited, wide spaced drilling at T-13 West offers significant upside potential T13 - Long section (looking north) MIDAS MINERALS ASX: MM1 | 16
Slide 17: T13 cross section and Deblin long section
Otavi Project Strong results ready for infill and step out drilling T13 cross section looking east Deblin - oblique long section (looking NE) MIDAS MINERALS ASX: MM1 | 17
Slide 18: Key Risks
Key Risks Midas considers that the following summary, which is not exhaustive, represents some of the major risk factors which investors ought to be aware of in evaluating the Company and its proposed projects: Future Capital Requirements Exploration And Development Risk The Company has no operating
Slide 19: Key Risks cont.
Key Risks cont. Licenses, Permits, Approvals Competition Risk Several of the mineral rights and interests to be held by the Company are subject to the need for ongoing or new The industry in which the Company will be involved is subject to domestic and global competition, including major government
Slide 20: Contact Us
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@nwrcommunications.com