Minerals 260 Limited · ASX:MI6
Minerals 260 — Noosa Mining Investor Conference 2026
33 slides from Minerals 260's conference presentation, Jul 23, 2026
Slide 1: Advancing one of Australia's leading gold projects
Advancing one of Australia’s leading gold projects 6.2Moz Bullabulling Gold Project Luke McFadyen CEO and Managing Director Noosa Mining Investor Conference 2026 23 July 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 as of the This Presentation includes production targets and forecast financial information derived from production targe
Slide 3: Important Notes and Disclaimer
Important Notes and Disclaimer Competent Person Statements Forward Looking Statements Ore Reserves This Presentation may contain forward-looking statements, guidance, forecasts, estimates, prospects, projections or statements in relation to future matters that may involve risks or uncertainties and
Slide 4: A Unique Value Proposition with Multiple Pillars
A Unique Value Proposition with Multiple Pillars 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 Corporate Summary1 Major Shareholder Profile Golden Values Research Shareholders Shares on Issue 2.27B Samuel Terry Asset Get Home Safely Management 15% Unlisted Options & ~45M Performance Rights Ownership Tim Goyder (Chairman) Share Price 62.5c 55% Leadership Franklin Templeton 3
Slide 6: Experienced and Proven Team with Strong Execution Capability
Experienced and Proven Team with Strong Execution Capability Board of Directors 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 Director Non-Executive Direct
Slide 7: 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 Low Risk Jurisdiction ■ Established gold mining region ■ Strong exploration and mining history ■ WA has 134 operating mines, 49 are gold mines producing ~70% of Australia’s
Slide 8: 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) July 2026 Bullabulling Mineral Resource Estimate Category Tonnes Grade Contained Mt g/t Au Moz Au I
Slide 9: 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 20251 December 20252 July 20263 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 Controlled Tenure 130km2
Slide 10: 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 16.5 Hemi 1.4 13.2 Havieron2 1.9 8.0 14.5 Bullabulling 1.0 6.2 Mt Gibson 1.0 4.7 12.5 Minyari3 1.8 3.3 Bardoc 1.8 2
Slide 11: 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 11
Slide 12: Significant Resources and Reserves support long-term growth objective
Significant Resources and Reserves support long-term growth objective Pre Feasibility Study Inputs Definitive Feasibility Study Inputs 4.5Moz Mineral Resource 6.2Moz Mineral Resource ■ Published December 2025 ■ Published July 2026 ■ 0.4 g/t Au cut-off grade, A$4,500/oz pit shell ■ 0.35 g/t Au cut-of
Slide 13: Compelling Standalone Stage 1 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. The staged approach prioritizes cashflow earlier and balances value
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 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 throughput 43% IRR EB
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 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 1.1 88 Total 90 0.86 2,
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 Producer Company Project 0 1 2 3 4 5 6 12.5 Hemi 1.2 5.5 Havieron2 3.0 3.7 10.5 Mt Gibson 0.9 2.7 Bullabulling 0.9 2
Slide 17: Incorporating 7.5Mtpa Capacity into Stage 1 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 5Mtpa inital nameplate capacity Metallurgical parameters ‒ 92% Recovery, 85th percentile ore hardness
Slide 18: Competitive Operating Cost Profile
Competitive Operating Cost Profile Positioned competitively amongst Australian gold operations Life of Mine Costs1 AISC vs. Australian Producers2,3 3,612 Mining A$1,100/oz 3,338 3,204 Processing A$960/oz 2,901 2,807 2,685 2,578 G&A A$90/oz 2,520 2,211 2,220 LOM C1 Cost A$2,130/oz 1,617 LOM C1 Cost (
Slide 19: Approvals are progressing to plan
Approvals are progressing to plan Key Milestones Approvals Information Mine Development & Closure Proposal (MDCP) 1 ■ Minerals 260 is progressing primary approvals under the Granted May ■ Enables development of the 400 person Western Australia State pathway, namely the Mining Act 2026 Bullabulling V
Slide 20: Community & Stakeholder Engagement Supports a Strong Social Licence to Operate
Community & Stakeholder Engagement Supports a Strong Social Licence to Operate Strong stakeholder foundations Native Title Land Use Agreement in place Strong and positive relationship with Traditional Owners Collaborative & transparent engagement Long-standing mining district with strong commu
Slide 21: Early Construction Activities Commenced in May 2026
Early Construction Activities Commenced in May 2026 Village Construction Water bore airlift testing ■ In April 2026, Minerals 260 executed a A$59.1 million fixed-price contract ■ Water exploration activities identified multiple potential sources, including with ATCO for the design and construction o
Slide 22: Franco Nevada is a strategic funding partner, having committed A$220M
Franco Nevada is a strategic funding partner, having committed A$220M, its largest ever Australian investment WHO IS FRANCO-NEVADA A$220M INVESTMENT IN FEB 2026 Paul Brink, President & CEO, Franco-Nevada — February 20262 #1 Gold royalty US$30B+ Market cap A$170M ROYALTY “ Bullabulling is a large and
Slide 23: 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 Jul 2026 2H 2026 Q1 CY2027 Q4 CY2028 A$220M SECURED — FEBRUARY 2026 DEBT FUNDING UPDATE SHAREHOLDER & PROJECT STRENGTH Non-diluti
Slide 24: 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 MRE Update Stage 1 2 Stage22 Stage Stage 2 – 7.5Mtpa (200kozpa) Studies Commencement of Mining 24
Slide 25: A Unique Value Proposition / Contact Us
A Unique Value Proposition Contact Us +61 8 6556 6020 Level 1, 2 Kings Park Road, West Perth WA 6005 minerals260 minerals-260-limited minerals260.com.au 25
Slide 26: 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) Dicksons 17 0.93 500 5.5
Slide 27: Bullabulling Mineral Resource December 2025
Bullabulling Mineral Resource December 2025 Bullabulling Mineral Resource Estimate Deposit as of December 20251 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) Dicksons 12 1.0 390
Slide 28: 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 29: Project funding to first production
Project funding to first production A$560M construction capital underpins the initial 5Mtpa operation Post-FID – Construction Capital A$M Post-FID Construction Capital (A$560M) Processing Plant 285 11% Tailings Storage Facility 60 Infrastructure (Workshops and Warehouses) 40 Processing Bulk Earthwor
Slide 30: A Long-Life Open Pit Gold Operation
A Long-Life Open Pit Gold Operation PFS demonstrates a long-life, high-margin gold project Stage 1 Production Profile (5Mtpa) Production metrics 180 Production Life 19 years Recovered Gold (Probable Ore Reserves) 160 Recovered Gold (Inferred Mineral Resources) Ore tonnes mined 93 Mt Recovered Gold (
Slide 31: Appendix: March quarter 2026 data for Australian producers
Appendix: March quarter 2026 data for Australian producers Australian Gold AISC, March 2026 Quarter Mine / Operations Company Project status AISC (A$/oz) Source Bullabulling Gold Project Minerals 260 Limited Development 2,520 ASX Announcement, 8 July 2026, "Bullabulling PFS Confirms High-Margin, Lar
Slide 32: 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 (Mt) (g/t Au) (% Cu) (Mt) (g/t Au) (% Cu) (g/t AuEq) (Moz AuEq) Pre-Feasibility ASX Announcement, 8
Slide 33: 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