Midas Minerals Limited · ASX:MM1
Midas Minerals — Africa Down Under 2026
26 slides from Midas Minerals's conference presentation, Sep 4, 2026
Slide 1: Otavi Copper-Silver-Gold Project
For personal use only Otavi Copper-Silver-Gold Project Africa Down Under 2026 ASX: MM1 www.midasminerals.com 1
Slide 2: Important Notices and Disclaimer
Important Notices and Disclaimer This presentation is dated 4 September 2026 and has been prepared by Midas Minerals Ltd (“Midas” or the Forward Looking Statements “Company”) and authorized for release to the ASX by the Board of Directors of the Company. This presentation may contain forward-looking
Slide 3: Otavi Copper-Silver-Gold Project
Otavi Copper-Silver-Gold Project 1. The Asset Goals The Team For personal use only Located in Namibia, a tier 1 Update MRE for T-13 (currently Board & Management have African Mining jurisdiction 211kt CuEq)1 in Q1 CY2027 exceptional discovery and production track record: Prominent landholding Comple
Slide 4: Board and Corporate Consultants
Board and Corporate Consultants Extensive experience in the resources sector with a proven track record For personal use only Sara Kelly Mark Calderwood Mick Wilson Michael Bohm Michael Naylor Steve Parsons Non-Executive Chair Managing Director Non-Executive Director Non-Executive Director Corporate
Slide 5: Corporate Summary
Corporate Summary Tightly-held share register For personal use only $1.34 $356M Capital Structure5 Board & Management Shareholder Summary5 11.1% Shares on issue 246.1M Share Price5 Market Cap5 Performance Rights 8.2M Incl. Mark Calderwood 4.8% Options 3.0M Steve Parsons / Michael Naylor 4.7% $0 $29.
Slide 6: Namibia – Tier 1 African Jurisdiction
0 100 km Sinomine Namibia – Tier 1 Tsumeb Mine & Smelter 6Mt Cu, Pb, Zn African Jurisdiction Midas Minerals Otavi Project Otavi KAOKO COPPERBELT For personal use only RANKED 4TH On Investment Attractiveness Index – Africa Kombat Mine (Fraser Institute 2024) Otjiwarongo 0.9Mt Cu, Pb WIA Gold B2 Gold
Slide 7: Otavi Copper-Silver-Gold Project – Multiple Resource Targets
Otavi Copper-Silver-Gold Project – Multiple Resource Targets Seven drill rigs operating across For personal use only three priority target areas 2 x DD 1 x DD 1 x RC 2 x DD 1 x RC MIDASMINERALS.COM 7 ASX: MM1
Slide 8: Otavi Merwe Dome
Otavi Merwe Dome Multiple high-priority copper-silver targets Dome Feature that For personal use only extends for 65km, only partially explored over 30km strike No prior drilling west of Spaatzu area Targeting sediment No previous drilling hosted, structurally completed controlled Copper – Silver de
Slide 9: Exceptional Initial Results from MM1's T-13 Drilling
Exceptional Initial Results from MM1’s T-13 Drilling Infill drilling is exceeding For personal use only expectations T13DD005a2 50.6m at 7.81% CuEq from 193m Including 14.4m at 20.9% CuEq T13DD0219 30.1m at 5.35% CuEq from 325.6m Including 23.1m at 6.72% CuEq New results demonstrate strong potential
Slide 10: Otavi Deblin-Segen Trend
Otavi Deblin-Segen Trend Additional high-priority copper-silver-gold targets, drill ready Cu–Au–Ag system, structurally 40 km strike across two 5 prospects with Significant For personal use only controlled, underexplored mineralised trends intercepts; Deblin most advanced Significant Cu-Au from 1970
Slide 11: Deblin – Priority Resource Target
Deblin – Priority Resource Target Infill and extensional drilling First Midas drill hole3 intercepted 36.6m Significant number of holes underway with two drill rigs on site @ 3.35% Cu plus 17.7m @ 3.21% Cu drilled, assays pending For personal use only plus some Au and Ag Refer Notes 3 & 11 MIDASMINE
Slide 12: Otavi Copper-Silver-Gold Project – Resource Targets
Otavi Copper-Silver-Gold Project – Resource Targets T-13 Hartbeespoort Initial Inf. MRE of 10.5Mt @ 2.0% CuEq1 4km Cu, Au soil anomaly with Cu gossans, limited For personal use only Two core rigs on site, targeting: drilling including near surface - 11.2m at 3.11% Cu, • Definition of shallow high gr
Slide 13: Key Messages
Key Messages Research For personal use only Exceptional Project Early Discoveries Coverage Large holding multi-deposit potential Numerous drill targets Widespread mineralization Advancing three MREs ‘World-Class’ geology, Namibia Strong news flow from accelerated supportive of mining exploration Hig
Slide 14: News Flow
News Flow Deblin Resource Definition Drilling Two rigs operating, first results strong, assays pending For personal use only T-13 Resource Definition Drilling Ongoing with two diamond rigs Exploration continues RC drilling planned for other prospects Q3-Q4 2026 [insert quote] Spaatzu Discovery Comme
Slide 15: Additional Information
For personal use only ADDITIONAL INFORMATION MIDASMINERALS.COM 15 ASX: MM1
Slide 16: T-13 MRE Highlights
T-13 MRE Highlights Initial Mineral Resource Estimate1 on pre-acquisition drilling only on high-grade T-13 Copper-Silver Deposit For personal use only T-13 Shallow 10.5Mt at 1.6% Cu and 21g/t Ag (2.0% CuEq), Inferred high-grade copper-silver 169kt of Cu and 7.1Moz of Ag (211Kt of CuEq) - 80% Resourc
Slide 17: T-13 Main Cross sections
T-13 Main Cross sections For personal use only MIDASMINERALS.COM Refer Notes 10 & 11 17 ASX: MM1
Slide 18: T-13 West cross sections
T-13 West cross sections For personal use only MIDASMINERALS.COM Refer Notes 2, 9 & 11 18 ASX: MM1
Slide 19: T-13 Drill Targets
High Grade core infill T-13 Drill Targets Gap – only 1 hole in favourable geology exceeding expectations For personal use only T-13 West 80m spaced infill drilling suggests another high-grade zone Deeps – understanding controls of high grade ASX: MM1 MIDASMINERALS.COM
Slide 20: Spaatzu
Spaatzu Shallow, wide Cu and Ag For personal use only drill intercepts Most Significant Drill Intercepts4,15 - 44m at 1.36% Cu and 36.8g/t Ag from 23m (MORC006); - 26m at 1.37% Cu and 31.1g/t Ag from 45m (MORC010); - 56m at 0.57% Cu and 13.9g/t Ag from 4m (MORC012); - 18m at 1.10% Cu and 26.5g/t Ag
Slide 21: Midas Expands Namibian Footprint
Midas Expands Namibian Footprint ≈ 1,500km² - work commenced Midas has entered option agreements over five The projects are considered early stage, with additional licences in Namibia, with the right to limited historical exploration completed to For personal use only earn up to an 85% interest date
Slide 22: Namibian Infrastructure and Cost Base
For personal use only NAMIBIAN INFRASTRUCTURE AND COST BASE MIDASMINERALS.COM 22 ASX: MM1
Slide 23: Infrastructure - Otavi
Infrastructure - Otavi Namibian road Connected by main national highway (B1) 3 ½ hours from capital infrastructure is ranked best in For personal use only Windhoek. 530km from port of Walvis Bay by sealed highway and rail Africa and higher than Australia The Otavi area is served by major transmissio
Slide 24: Costs
Costs Namibian dollar pegged to Rand For personal use only Skilled local workforce Highly competitive construction and mining costs Low transport, fuel and power costs Drilling costs significantly lower than West We expect a mining operation in Africa and Australia Namibia to have materially lower c
Slide 25: T-13 Resource Tables
T-13 Resource Tables For personal use only Inferred Mineral Resource Estimate for the T-13 Copper-Silver Deposit by Domain The initial MRE for the T-13 Copper and Silver Deposit has been reported in accordance with the Joint Ore Reserves Committee’s 2012 edition of the Australasian Code for Reportin
Slide 26: End Notes & References
End Notes & References Note 1: (Page 3, 12, 16) Refer MM1’s ASX release dated 16 April 2026 and titled “Initial High-Grade Inferred Copper & Silver Resource, Otavi”. Note 2: (Page 3, 9, 18) Refer MM1’s release dated 21 May 2026 and titled “Further Exceptional Copper and Silver Intercepts, Otavi”. Fo