MGX Resources (MGX) Investor presentation summary

Strategic direction and business overview

• Targeting transition to Australian gold producer within three years, leveraging a 50% stake in the Central Tanami Project JV and a robust cash position exceeding $400 million with no bank debt.

• Exiting iron ore operations through the divestment of Koolan Island, enabling a focused shift to precious metals.

• Experienced management team with a track record in remote mining operations and a self-funded balance sheet.

Central Tanami Project JV highlights

• 50/50 joint venture with Tanami Gold NL, holding JORC 2012 Mineral Resources of 31 Mt at 2.8 g/t Au for 2.8 Moz, including 1.2 Moz at 3.3 g/t Au in the Groundrush deposit.

• Over 50 known gold deposits and historical production of 2 Moz, with initial focus on Groundrush and Jims free-milling deposits (>1.4 Moz Au).

• Existing infrastructure includes haul roads, water borefield, accommodation camp, and a 1.4 km airstrip.

Project development and exploration

• Groundrush deposit: Proposed underground mine with 3.5 km decline, targeting conversion of 400,000 oz Inferred to Indicated Resources via 33,000 m infill drilling; mining contractor appointed and works commencing September 2026.

• Jims deposit: Resource definition drilling underway, targeting expansion beyond current 2.6 Mt at 2.7 g/t Au for 220 koz; resource remains open down plunge and along strike.

• Metallurgical testwork ongoing to confirm >90% CIL recoveries at both Groundrush and Jims.