Mgx Resources Limited · ASX:MGX
Mgx Resources — Mining News Select Conference 2026
20 slides from Mgx Resources's conference presentation, Mar 10, 2026
Slide 1: A Fully-Funded Transition Into Gold
MGX Resources Limited A Fully-Funded Transition Into Gold Mining News Select Conference Sydney, 10-11 March 2026 MGX MGX Aerial view of the Central Tanami Gold Project
Slide 2: Disclaimer and Forward-Looking Statements
Disclaimer and Forward-Looking Statements This Document may not be reproduced, redistributed or passed on, directly or indirectly, to any other person, or published, in whole or in part, for any purpose without prior written approval from MGX Resources Limited (ASX:MGX). This Document is not a Prosp
Slide 3: Business Overview
Business Overview Transitioning from iron ore mining to gold production Established mid-tier mining company Koolan Island ⚫ Central Tanami Substantial cash and investment reserves ⚫ Project JV and no bank borrowings Koolan Island high-grade hematite mine is nearing completion and has shipped over 40
Slide 4: Corporate Overview
Corporate Overview MGX Share Price Issued shares 1,180 million shares (last 12 months) Market capitalisation A$513 million ($0.435/share) A$496 million at 31 December 2025 Cash/investments (MGX has since paid $50 million to complete the 50% CTPJV acquisition) Bank Borrowings Nil Shareholder Distribu
Slide 5: Iron Ore Business
Iron Ore Business Koolan Island 1km N Original Airstrip Seawall Koolan Island is located in Yampi Sound in the Buccaneer Archipelago off the northern Kimberley coast of Western Western Australian Australia, approximately 140 kilometres north of Derby. Mainland 5
Slide 6: Koolan Island
Koolan Island Low grade sales funding rehabilitation works • Over 40 Mwmt of iron ore exported since 2007. • Main Pit mining suspended in October 2025 after a major rockfall on the island-side footwall. • Operating plan revised to monetise historic low grade stockpiles (42-45% Fe) and materially red
Slide 7: Koolan Island
Koolan Island Progressive rehabilitation Site rehabilitation works, including final landform profiling, ripping and seeding, are advancing rapidly and are on track for completion in mid-2026. The picture shows completed rehabilitation earthworks in the former East and Barramundi open pits, January 2
Slide 8: Central Tanami Project JV (CTPJV)
Central Tanami Project JV (CTPJV) One of Australia’s highest grade gold development projects 8
Slide 9: Central Tanami Project JV (CTPJV)
Central Tanami Project JV (CTPJV) Transformational development project Contributing 50/50 joint venture between MGX and Tanami Gold NL. Mineral Resources (JORC 2012) of 31 Mt at 2.8 g/t Au for 2.8 Moz* of gold, including 11 Mt at 3.3/gt Au for 1.2 Moz in the high grade Groundrush deposit. Most resou
Slide 10: Central Tanami Project
Central Tanami Project A Significant Undeveloped Australian Gold Project … The Central Tanami Project is one of Australia’s larger and higher grade undeveloped gold projects. Undeveloped Australian Gold Projects ranked by size and grade – Contained Resource Ounces (Moz Au)1,2 8 6.0 5.6 7 Resource (M
Slide 11: Central Tanami Project JV
Central Tanami Project JV Substantial value-capture opportunity for MGX shareholders MGX’s $50 million acquisition of its half interest in the CTPJV equates to a transaction multiple of $36/oz1 and represents compelling value relative to comparable recent transactions. EV / Resource Oz 800 800 700 6
Slide 12: CTPJV – Key Gold Deposits
CTPJV – Key Gold Deposits Focus on Groundrush, Jims and Ripcord but plenty of other ML168 ML167 ML33760 ML22934 Produced 122,000oz Produced 541,000oz Produced 725,000oz Produced 611,000oz 65km ML167 ML33760 Central Tanami Jims Dogbolter ProducedLegs 541,000oz Funnelweb Carbine ProducedMiracle/Southe
Slide 13: Groundrush Gold Deposit
Groundrush Gold Deposit Substantial proposed underground gold mining operation • Located on a granted mining lease, 41km north of the existing CTPJV processing plant site. • Mineral Resource estimate of 11Mt at 3.3 g/t gold for 1.2Moz*. • Mineralisation is hosted by quartz veins in fractionated dole
Slide 14: Groundrush Gold Deposit
Groundrush Gold Deposit Exploration decline for infill drilling N S Existing open pit (1.4km long) Proposed Proposed underground underground mine design mine design 0 100m An exploration decline at Groundrush is proposed to advance to support an underground infill drilling program targeting conversi
Slide 15: Central Tanami Project JV
Central Tanami Project JV Development activities for 2026 and 2027 • Preparation of work programs and development budget estimates, focusing on the quickest route to a development decision. • Resource development and exploration programs: ➢ Commencement of the Groundrush exploration decline. ➢ Resou
Slide 16: Summary
MGX Resources Limited Summary Established mid-tier miner with long-term operating experience on remote sites. Fully funded with a substantial balance sheet and no bank borrowings. Acquisition of 50% of the Central Tanami Gold Project is an exciting start of a new Australian gold production business,
Slide 17: MGX Resources Limited
MGX Resourcess Limited (ASX: MGX) Presentation authorised by Peter Kerr, Chief Executive Officer MGX Resources Limited +61 (0)8 9426 7500 www.mgx.com.au MGX 17
Slide 18: Appendix 1
Appendix 1 CTPJV Mineral Resource Estimate (JORC 2012) - 100% basis (MGX 50%, TAM 50%) OP & UG Measured Indicated Inferred Total Notes COG Tonnes Grade Ounce s Tonnes Grade Ounces Tonnes Grade Ounce s Tonnes Grade Ounces Deposits (000's) (g/t) (000's) (000's) (g/t) (000's) (000's) (g/t) (000's) (000
Slide 19: Appendix 2
Appendix 2 Comparable Undeveloped Australian Gold Projects Gold-only Contained Resource Ounces & Grade Project Company Ticker Source: Mineral Resources and Ore Reserves - Exchange announcements Resource (Moz) Resource Grade (g/t) Havieron Greatland Gold AIM:GGP 7.0 1.7 1-Dec-25 "Havieron Project Fea
Slide 20: Appendix 3
Appendix 3 Comparable Gold Transactions Information Announcement Transaction Target Bidder Cash Debt Implied EV Resource EV/Resource ASX Release Title Date Value Units: A$m A$m A$m A$m koz A$/oz Spectrum Metals Limited Ramelius Resources Limited Feb-20 231 10 - 221 356 622 Ramelius makes Recommended