Golden Horse Minerals (GHM) investor relations material

Strategic Positioning and Asset Overview

• Holds over 100 km of continuous tenure in the Southern Cross greenstone belt, assembled through more than 20 transactions pre-IPO.

• Flagship asset Hopes Hill is located 7 km north of Southern Cross, with historic production of over 200,000 ounces at 2.5 g/t.

• All key mining leases, exploration tenements, and infrastructure are now consolidated, enabling future development and access to key infrastructure.

• Board led by experienced executives with a proven track record in Western Australian gold, supported by major shareholders including Emerald Resources NL, 1832 Asset Management, and significant institutional investors.

• Listed on the stock exchange 18 months ago, with a strong cash position of AUD 31 million and a market capitalization of A$102M as of July 2026.

Exploration Progress and Drilling Results

• Over 100 km of RC and diamond drilling planned for 2026, with 50 km completed in the first half and consistent mineralization encountered.

• Hopes Hill drilling extends mineralization to nearly 400 meters depth and over a 4 km strike, with grades such as 16m at 7g/t and 24m at 2.2g/t; mineralization remains open in all directions.

• Additional discoveries at Greenmount (8m at 16g/t, 8m at 8g/t) and Marionette (10m at 6g/t from surface), with new high-grade results and ongoing work at multiple prospects.

• Every drill hole to date has intersected mineralization, supporting the scale and consistency of the project.

• New targets like Paddocks and Golden Valley Group to be drilled in the second half of the year, with early-stage greenfields workstreams and mining development activities underway.

Metallurgical Studies and Development Outlook

• Metallurgical tests confirm gold is free-milling, with bottle roll recoveries averaging over 97%.

• Historic mill site and tailings dam present, offering potential for future processing plant rebuild.

• Hopes Hill expected to be mined within five years, with ongoing resource definition and expansion.

• Regional context highlights a reduction from seven to one operating mill in the belt, emphasizing the strategic value of the consolidated tenure.

• Regular news flow anticipated as drilling and studies continue throughout 2026, with ongoing updates provided through ASX announcements.