Minrex Resources Limited · ASX:MRR
Minrex Resources — Merger or Acquisition (March 2026)
19 slides from Minrex Resources's merger presentation, Mar 10, 2026
Slide 1: A High-Growth Balkans Gold & Copper Platform
For personal use only A High-Growth Balkans Gold & Copper Platform Led by an Advanced Gold-Silver Cornerstone Creating a strengthened exploration & development company with a clear strategy for rapid value creation in 2026 March 2026 ASX:MRR | minrex.com.au
Slide 2: Important Notice & Disclaimers
ASX:MRR Important Notice & Disclaimers This presentation (Presentation) has been prepared by MinRex Resources Limited (Company or MinRex) and relates to information Investment Risk regarding the acquisition of Electrum Discovery Corp. (Electrum) by MinRex. The Presentation has been prepared as at 2
Slide 3: Transaction Highlights
ASX:MRR Transaction Highlights For personal use only Transformational Merger Tier 1 Asset Base Growth & Upside • Merger of equals between MinRex • Significant combined gold endowment, • Near-term value creation at Tlamino, Resources Ltd and Electrum Discovery comprising: with both resource growth an
Slide 4: Transaction Overview
ASX:MRR Transaction Overview • Merger of equals between MinRex Resources Ltd and Electrum Discovery Corp via a Plan of Arrangement under the Canada Business Corporations Act (British Columbia), to be completed on an all-share basis. For personal use only Transaction Structure and • Electrum sharehol
Slide 5: Pro-forma Structure
ASX:MRR Pro-forma Structure Pro Forma Capital Structure Board & Management For personal use only Shares Options Performance Ian Shackleton Mr Shackleton is a successful mineral exploration and mining geologist with Rights (Technical Director) extensive multi commodity experience: including lithium,
Slide 6: Serbia & The West Tethyan Belt
ASX:MRR Serbia & The West Tethyan Belt West Tethyan Belt – A World Class Mineral Province • The Tethyan Belt is one of the world’s most significant metallogenic For personal use only belts, extending thousands of kilometres from Europe through the Middle East and the Himalayas into Southeast Asia. •
Slide 7: Serbia & Region – Proven Value Creation
ASX:MRR Serbia & Region – Proven Value Creation Rapid Value Creation Through Discovery & Development • Western Tethyan Belt has delivered multiple Tier-1 copper-gold discoveries For personal use only over the past decade, progressing rapidly from exploration to production. • Serbia has emerged as a
Slide 8: Electrum's Portfolio – Surrounded by Giants
ASX:MRR Electrum’s Portfolio – Surrounded by Giants Electrum Discovery Corp. • TSX-V listed mineral exploration and development company focused For personal use only on gold and copper on the prolific Western Tethyan Belt. • Electrum’s portfolio spans +700kms2 across two key project areas, primed fo
Slide 9: Tlamino Gold Project
ASX:MRR Tlamino Gold Project • Electrum’s flagship 100% owned asset. • Located in the Serbo-Macedonian Massif, a belt of For personal use only Tertiary age igneous and metamorphic rocks that runs north-south through Serbia, and into Macedonia, Bulgaria and Greece. • Over 400km2 of exploration ground
Slide 10: Barje High Grade Gold Deposit
ASX:MRR Barje High Grade Gold Deposit • Two main areas of gold and base metal mineralization - controlled by a hydrothermal breccia ~20m thick. • Contiguous, outcropping and high-grade gold deposit. For personal use only • Mineralisation strongest in the breccia (eg, 30m at 5.45g/t Au from 74m, incl
Slide 11: Barje – Scale-up & Development Pathway
ASX:MRR Barje – Scale-up & Development Pathway • An advanced stage gold deposit positioned for rapid scale-up and development. For personal use only • Historic work largely focused on immediate Barje deposit. • Barje deposit open to the east, west and south - excellent potential for resource growth
Slide 12: Timok East Copper-Gold Project
ASX:MRR Timok East Copper-Gold Project • Over 300km2 of exploration ground located on Western Tethyan Belt (4 operating mines and smelter). For personal use only • Timok East is situated along the eastern margin of the Timok Magmatic Complex (TMC), focused on a west-dipping extensional structures th
Slide 13: Timok East – Another Hidden Cu-Au Giant?
ASX:MRR Timok East – Another Hidden Cu-Au Giant? • Prospective for undiscovered porphyry-epithermal Cu-Au style mineralisation. • Deep geophysics and initial drilling indicates presence of large hydrothermal For personal use only system in previously unexplored belt adjacent to world-class deposits.
Slide 14: Australian Portfolio
ASX:MRR Australian Portfolio • 3 project areas in prolific Lachlan Fold Belt (NSW). • High-profile mining region 180km Northwest of Sydney containing several major gold, For personal use only copper-gold and silver deposits. • Majors active in area including Newcrest, Evolution Mining, China Molybde
Slide 15: Development Strategy & Key Value Drivers
ASX:MRR Development Strategy & Key Value Drivers For personal use only A fully funded 2026 program focused on scaling and advancing the high grade Tlamino project, district scale discovery upside across compelling Serbian copper & gold exploration targets and high-impact opportunities Value Drivers
Slide 16: Thank-you
For personal use only Thank-you ASX:MRR Registered Office Level 2, 7 Havelock Street West Perth WA 6005 E: info@minrex.com.au P: +61 8 6102 2039 W: www.minrex.com.au ASX:MRR | minrex.com.au
Slide 17: Appendices: Mineral Resources and Exploration Results
ASX:MRR Appendices Mineral Resources and Exploration Results 1. Information in this Presentation that relates to Exploration Results and Mineral Resources of Electrum Discovery Corp. is taken from the following Electrum news releases or reports: For personal use only Date Title June 11, 2018 Medgold
Slide 18: Appendices: Mineral Resources and Exploration Results (Cont.)
ASX:MRR Appendices Mineral Resources and Exploration Results (Cont.) 4. A summary of the Mineral Resources of the Company are set out below. Refer to the Company’s ASX Announcements of 12 July 2021 and 28 July 2021 for full details regarding the Mineral Resources. For personal use only Inferred Pros
Slide 19: Appendices: References - Serbia & Regional Deposits
ASX:MRR Appendices References - Serbia & Regional Deposits (Slides 6, 7, 8 & 12) Copper Contained Gold Contained Silver Contained Tonnes For personal use only Project Company Grade Copper Grade Gold Grade Silver Source (Mt) (%) (Mt) (g/t) (Moz) (g/t) (Moz) Armstrong, R., Kozelj, D., Herrington, R.,
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