Minerals Exploration Limited · ASX:MEX
Minerals Exploration — Merger or Acquisition (May 2025)
28 slides from Minerals Exploration's merger presentation, May 19, 2025
Slide 1: Acquisition and Equity Raising Presentation
Otagold Acquisition and Equity Raising Presentation May 2025 ASX: UVA
Slide 2: Disclaimer
DISCLAIMER Nature of Document update any person regarding any inaccuracy, omission or change in information in This presentation contains information relating to exploration results and mineral this presentation or any other information made available to a person nor any resources reported by third
Slide 3: Transaction and Equity Raise Overview
TRANSACTION AND EQUITY RAISE OVERVIEW Uvre is acquiring New Zealand gold exploration company Otagold Limited and raising A$4.0 million to provide working capital to progress the projects Transaction Equity Raise • Uvre has signed a binding Share Sale Agreement (SSA) to acquire • UVA is undertaking a
Slide 4: Board & Management Post Completion
BOARD & MANAGEMENT POST COMPLETION Brett Mitchell Norman Seckold Peter Nightingale Alex Passmore Executive Chairman Non-Executive Director Non-Executive Director Non-Executive Director Mr Mitchell is an experienced Mr Seckold is an experienced mining As a director or company secretary Mr Passmore is
Slide 5: Summary of Otagold Projects
SUMMARY OF OTAGOLD PROJECTS North Island Waitekauri Ownership Size Permit 100% 5,811 Ha Exploration Lottin Point Ownership Size Permit 100% 1,104 Ha Exploration South Island Roaring Meg Ownership Size Permit 100% 6,646 Ha Prospecting Oturehua Ownership Size Permit 100% 3,216 Ha Exploration Invincibl
Slide 6: Otagold Overview and Investment Highlights
OTAGOLD OVERVIEW AND INVESTMENT HIGHLIGHTS • Otagold holds a 100% interest in three exploration Location of operations permits, one prospecting permit and one Highly prospective ground ✓ prospecting permit application on New Zealand’s with exploration permits North and South Islands • Covers 332km2
Slide 7: North Island Projects
«yp uvre”.... | North Island Projects
Slide 8: Waitekauri Gold Project Overview
WAITEKAURI GOLD PROJECT OVERVIEW Objective and Opportunity • To identify a multi-million ounce gold resource • Multiple deposits and prospects over 18 kilometres Overview • 58 km2 of highly prospective ground in Hauraki goldfield • 8 km West of Oceana’s Waihi gold mine (10 Moz)1,2 • 3 main prospects
Slide 9: Waitekauri Gold Project Overview
WAITEKAURI GOLD PROJECT OVERVIEW High grade drill ready • Targeting bonanza style Au-Ag low sulphidation veins • Recent discovery by Oceana Gold in 2017- WKP deposit along NE trend - 2 Moz Au @ 14.3 g/t Au & 3.1 Moz Ag 1 • Veins up to 32 feet wide, lensing in and out frequently, strike to the southw
Slide 10: Waitekauri Drill Targets
WAITEKAURI DRILL TARGETS Target – bonanza style Au-Ag low sulphidation veins • Drill plan being refined and permitted currently – o More than NZ$5 million exploration work completed historically o Resampling of the historical drillcore from Jubilee by previous operator Laneway Resources identified n
Slide 11: Significant Historical Production
SIGNIFICANT HISTORICAL PRODUCTION Karangahake - Jubilee – Golden Cross Trend • Historically the Karangahake-Jubilee-Golden Cross Trend has produced 4.4 Moz Au- Ag bullion • Mineralisation occurs as discrete low sulphidation high grade epithermal veins, primarily of banded quartz/chalcedony within rh
Slide 12: Lottin Point Gold Project Overview
LOTTIN POINT GOLD PROJECT OVERVIEW Objective and opportunity • High grade VMS System – Golden Grove – Roseberry, Henty style Overview • 11km2 exploration permit • High grade gold and base metal mineralisation in ophiolites (basaltic lavas and gabbro-diorite intrusions) • Discovered in the 1970s by A
Slide 13: South Island Projects
«yp uvre”.... | South Island Projects
Slide 14: Roaring Meg Gold Project Overview
ROARING MEG GOLD PROJECT OVERVIEW Overview • 66.5km2 prospecting permit with focus on gold • 300m thick zones of mineralised and undrilled alteration hosted in graphitic schist • Previous geochemical soil sampling outlined anomalous Au • Rock chips from quartz veins up to 9 g/t Au • The basement roc
Slide 15: Oturehua Gold Project Overview
OTUREHUA GOLD PROJECT OVERVIEW Overview • 32.4km2 exploration permit • Historical goldfield approximately: – 20km South-East from Santana Minerals (SMI.ASX) 2.2Moz @ 2.3g/t Au Bendigo-Ophir deposit – 50km North-West from Oceana Gold >10Moz gold mine Macraes • Orogenic gold vein system hosted in Otag
Slide 16: Invincible Gold Project Overview
INVINCIBLE GOLD PROJECT OVERVIEW Overview • Invincible Gold Project targeting similar style mineralization as Macreas (Oceana Gold) and Bendigo-Ophir (Santana Minerals) New Zealand gold projects, both bulk tonnage with discrete high- grade gold and tungsten zones • Gold and tungsten on New Zealand’s
Slide 17: Equity Raising Overview
EQUITY RAISING OVERVIEW • Conditional placement to raise approximately A$4.0 million via the issue of approximately 50 million fully paid ordinary shares (the “Conditional Placement” or “Offer”) at A$0.08 per New Share. Offer Structure • The placement will be subject to shareholder approval of the a
Slide 18: Indicative Offer and Transaction Timetable
INDICATIVE OFFER AND TRANSACTION TIMETABLE Event Indicative Date Bookbuild opens Thursday 15 May 2025 Bookbuild closes for receipt of firm and irrevocable Bids 4.00pm (Sydney Time) 15 May 2025 Allocations & Placement letters sent to participants 15 May 2025 Confirmation letters returned to Bell Pott
Slide 19: Corporate Snapshot
CORPORATE SNAPSHOT Tightly held, well-funded, with incoming board and management committing $685k to the capital raise Pro-forma Capital structure at the Offer price Offer price $0.08 Shares on issue 60,200,001 Consideration Shares issued 75,000,000 Shares issued in Placement 50,000,000 Facilitation
Slide 20: Proposed Operations Schedule and Forward Plan
PROPOSED OPERATIONS SCHEDULE AND FORWARD PLAN Forward plan Q1 Q2 Q3 Q4 Waitekauri EP61021 • Shareholder approval expected to be completed Permitting late June 2025 Sampling Mapping • Capital raising expected to be completed late Drilling June 2025 Staff Onsite • Concurrently, ongoing assessment of f
Slide 21: Summary and Investment Highlights
SUMMARY AND INVESTMENT HIGHLIGHTS Tight capital structure and low enterprise value = Expanded board with successful, recent and highly leveraged to exploration success relevant experience in NZ gold projects Strong exposure to precious metals, particularly Well funded to complete planned gold - with
Slide 22: Appendices - Existing Projects
Appendices - Existing Projects
Slide 23: Uranium-Rich Frome Basin Region
URANIUM-RICH FROME BASIN REGION Features Two exploration projects covering 521km2 of prospective ground within the uranium-rich Frome Basin region of South Australia, which hosts several significant uranium deposits and operating uranium mines. Licences located within 50km of two operating uranium m
Slide 24: Frome Downs
FROME DOWNS Exploration Project 100% ownership – 343km2 Located in the highly prospective Frome Basin, and is prospective for roll-front type uranium mineralisation emplaced within sediments of the Tertiary Lake Eyre Basin Work on Access and Native Title agreements already commenced Targeting sandst
Slide 25: Yankaninna Project
YANKANINNA PROJECT Exploration Project 100% ownership – 119km 2 Located immediately north of the Flinders Ranges which hosts the uranium enriched rocks including: Mount Painter Inlier – Mount Neill Granite with up to 380 parts per million (ppm) uranium and Hot Springs Gneiss up to 470 ppm uranium Mo
Slide 26: East Canyon Uranium-Vanadium Project
EAST CANYON URANIUM-VANADIUM PROJECT Key Features Known high-grade uranium and vanadium district with historical production Right geology – extended Uravan Mineral Belt of the Colorado Plateau, southeastern Utah Excellent infrastructure and easily accessible Close proximity to other uranium deposits
Slide 27: South Pass Lithium Project
SOUTH PASS LITHIUM PROJECT Key Features Swarms of untested pegmatites with significant outcrop identified 100% ownership (~4,258 acres) Direct land staking completed by Uvre – low-cost entry First mover advantage in area with no previous lithium exploration Lithium minerals (spodumene and lepidolite
Slide 28: Contact
CONTACT Brett Mitchell Executive Chairman brett@uvre.com.au Paul Armstrong Read Corporate +61 8 9388 1474 Registered Office and Phone Number 1202 Hay Street West Perth WA 6005 Ph: +61 8 6319 1900 28 UVRE Limited ASX:UVA Investor Presentation May 2025
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