Golden Horse Minerals (GHM) Investor presentation summary

Investment highlights and strategy

• Holds a dominant 1,900km² land position in the underexplored Southern Cross Greenstone Belt, targeting high-grade gold projects with significant exploration upside and rapid growth potential.

• Mission is to build a significant gold resource base within 18 months post-ASX listing and develop production-ready assets, supported by 23,900m of drilling since January 2025.

• Board and management have a strong track record, with support from a leading ASX-listed gold producer holding a ~20% stake.

• Mobilizing additional drill rigs to maintain strong and consistent newsflow across multiple targets.

Project portfolio and exploration results

• Flagship Hopes Hill Project features a 1.3km long open pit with historic production of 2.9Mt at 2.25g/t for 216,000 oz of gold; mineralization remains open in all directions.

• Recent drilling at Hopes Hill returned broad, high-grade intercepts, including 83m @ 2.5g/t Au and 61m @ 2.5g/t Au, confirming a large mineralized system.

• Strong continuity across three main zones at Hopes Hill, with mineralization open at depth and along strike; geophysical surveys identified multiple strong anomalies for follow-up.

• Metallurgical testwork from Hopes Hill shows average gold recoveries of 96.7%, demonstrating amenability to processing and compatibility with nearby mills.

• Multiple regional brownfield and greenfield targets identified, with historical high-grade production and significant upside for resource expansion.

Corporate overview and financials

• Market capitalization of A$128M with 201M shares/CDIs on issue and A$15M cash on hand as of June 2025.

• Recent A$15M capital raising completed via two-tranche placement at $0.40 per CDI, supporting ongoing exploration and development.

• Top shareholders include Emerald Resources NL (19.7%), institutional and HNW investors (26.6%), and board/management (3.3%).