Minerals 260 Limited · ASX:MI6
Minerals 260 — Merger or Acquisition (January 2025)
19 slides from Minerals 260's merger presentation, Jan 14, 2025
Slide 1: Transformational Acquisition of the 2.3Moz Bullabulling Gold Project
Transformational Acquisition of the 2.3Moz Bullabulling Gold Project • One of Australia’s largest undeveloped gold projects in a world class location • Significant historical work and derisked pathway to near-term production • Acquisition puts Minerals 260 on the path to becoming a leading mid-tier
Slide 2: Important Notes and Disclaimer
Important Notes and Disclaimer Overview This presentation contains summary information about Minerals 260 Limited (ACN 650 766 911) (Company) and is current as of Competent Person Statement the cover date. The information in this presentation is of a general background and does not purport to be com
Slide 3: Transaction Overview and Investment Highlights
Transaction Overview and Investment Highlights Minerals Minerals 260Limited 260 Limited 3
Slide 4: Transaction Summary
Transaction Summary Transaction and Project Summary Bullabulling Gold Project Location ➢ Minerals 260 Limited (ASX:MI6) to acquire 100% of the Bullabulling Gold Project (Project) and surrounding exploration ground from Norton Gold Fields Pty Ltd, a subsidiary of Zijin Mining Group Co., Ltd. (Propose
Slide 5: Extensive Due Diligence Supported by Tier-1 Experts
Extensive Due Diligence Supported by Tier-1 Experts Significant Due Diligence completed by Minerals 260 to support transaction decision and inform future development plan Area Advisor Due Diligence Review and Transaction Advisory • Fatal Flaw analysis across the whole resource (tonnes and grade) • A
Slide 6: Strong Leadership Team with Mine and Company Building Experience
Strong Leadership Team with Mine and Company Building Experience Board and Key Management Tim Luke Emma David Stacey Jamie Goyder McFadyen Scotney Richards Apostolou Armes Non-Executive Managing Director Non-Executive Non-Executive Non-Executive CFO & Company Chairman Director Director Director Secr
Slide 7: Bullabulling Gold Project Overview
Bullabulling Gold Project Overview Minerals 260 Limited 7
Slide 8: Significantly De-Risked Asset with Exceptional Potential for Growth
Significantly De-Risked Asset with Exceptional Potential for Growth Bullabulling Gold Project Highlights 2.3Moz RPEEE Mineral One of the largest Resource (JORC 2012) located undeveloped open-pittable on granted mining leases gold deposits in Australia Significant metallurgical ~12,000 holes / 530,00
Slide 9: Significant Historical Work Sets the Foundations for Growth
Significant Historical Work Sets the Foundations for Growth Bullabulling Gold Project Ownership History Anaconda & Valiant & Hill Central Kalgoorlie Azuex & GGG Union JV Minerals JV Gold Mines NL Resources JV 1966 - 1968 1972 - 1984 1985 - 1989 1985 - 1992 1993 - 2001 2002 - 2009 2010 - 2011 2011 -
Slide 10: Rare Large Scale Australian Gold Project Development Opportunity
Rare Large Scale Australian Gold Project Development Opportunity 2.3Moz Resource Extending Over 8.5km of Strike Bullabulling Gold Project Project Summary Ownership • 100% • 127sq km tenement package, 59 tenements. Tenure & Access • Mineral resources situated within granted mining leases. • Native Ti
Slide 11: One of Australia’s Largest Near-Term Production Gold Projects
One of Australia’s Largest Near-Term Production Gold Projects Bullabulling resource showing resource grades Bullabulling RPEEE Mineral Resource (JORC 2012)1 Category Tonnes Grade Contained Mt g/t Au Moz Au Indicated 39 1.1 1.4 Inferred 21 1.3 0.9 Total 60 1.2 2.3 1 Bullabulling Mineral Resource Esti
Slide 12: ~12,000 Holes for 530,000m of Drilling Completed Supports an Accelerated Study
~12,000 Holes for 530,000m of Drilling Completed Supports an Accelerated Study and Near-Term Production Targeted Bullabulling resource showing resource classifications and historic drilling 89% of Indicated ounces in northern half of resource Southern half of resource is underexplored 1 Bullabulling
Slide 13: Resource remains open at depth and along strike
Resource remains open at depth and along strike Bullabulling resource plan view and cross section showing gold grades, drilling intercepts and pit shells 1 Bullabulling Mineral Resource Estimate, refer Mi6 ASX Announcement 14 January 2025. 0.5g/t Au cut-off grade. Tonnages, grades and ounces have be
Slide 14: Proposed Transaction and Project Start-up Timeline
Proposed Transaction and Project Start-up Timeline Drilling Transaction Equity to Commence, Study Work to Resource Announced Raise 80,000m planned Commence Update Today Q1 CY25 Q2 CY25 Q3 CY25 Q4 CY25 MI6 Shareholder Transaction Meeting Expected to Complete Minerals 260 Limited 14
Slide 15: Minerals 260’s Value Proposition
Minerals 260’s Value Proposition Transformational acquisition of the 2.3Moz Bullabulling Gold Project, one of Australia’s largest undeveloped gold projects ✓ located in the world class location of Coolgardie, Western Australia Numerous highly prospective exploration targets located at depth and alon
Slide 16: Appendices
Appendices Minerals 260 Limited 16
Slide 17: Corporate Snapshot
Corporate Snapshot Our Portfolio Market Capitalisation Capital Structure c.$30m 234m Ord. Shares 22.9m Unlisted Options At 13 cps1 Cash Top 20 Shareholders $9.9m 43% At 30 September 2024 More Information Directors Interest ~15% ASX:MI6 1 As of 31 December 2024 Minerals 260 Limited 17
Slide 18: Snowden-Optiro Updated Bullabulling Mineral Resource of 60.3Mt @ 1.2g/t Au for 2.3Moz
Snowden- Optiro Updated Bullabulling Mineral Resource of 60.3Mt @ 1.2g/t Au for 2.3Moz Bullabulling Mineral Resource Estimate as of December 2024 (RPEEE) Geology The Bullabulling project is located in the Archaean Yilgarn Craton approximately 65 km southwest of Kalgoorlie, and 25 km west of Coolgard
Slide 19: Contact Details
Contact Details Level 2, 1292 Hay Street, West Perth WA 6005 +61 8 6556 6020 ASX:MI6 : @minerals-260-limited : @minerals260 Minerals Minerals 260Limited 260 Limited 19