Mahvie Minerals (MAHVIE) Investor presentation summary

Portfolio and positioning

• Founded in Sweden in 2021; acquired Mo i Rana in February 2022 and Haveri in July 2022, focusing mainly on copper and zinc with exposure to gold.

• Portfolio spans Norwegian VMS prospects and four gold-copper deposits in Finland; Mo i Rana includes 42 exploration permits.

• Norwegian mining support, established local infrastructure and the Nordic Battery Belt were presented as potential advantages for regional development and demand.

Mo i Rana and Mofjell

• Mofjell is a brownfield opportunity; remaining potential was cited at 5 Mt grading 3.8% zinc equivalent, with ~8,000 m of reconnaissance drilling.

• A separate Mofjell resource figure was 3.16 Mt at 2.5% Zn, 0.4% Pb and 0.3% Cu; historical production totaled 4.35 Mt at stated polymetallic grades.

• Previous exploration generated data on 1,423 drill holes and 150+ analyzed drill cores; 147 holes totaled 16,406 m, alongside ~4,000 line-km of airborne geophysics.

• The permit area includes 39 VMS permits with polymetallic targets and 3 permits with PGM and nickel potential.

• Mofjell drilling and past mining indicated high-grade gold intervals, including 1.4 m at 7.35 g/t and 2.8 m at 3.88 g/t.

Haveri

• Acquired in July 2022, Haveri comprises four gold-copper deposits; 1.5 Mt was mined during 1942–1962 at average grades of 3–5 g/t Au and 0.5% Cu.

• Exploration included 126 diamond drill holes and 30,000 m of drilling; a PEA estimated 1.56 Moz of gold-equivalent mineral resources at 0.93 g/t Au.