Midas Minerals (MM1) Investor presentation summary

Project overview and opportunity

• Otavi Copper-Silver-Gold Project in Namibia spans 1,776km², with less than 40% explored and multiple high-grade drill intercepts reported.

• Three deposits (T-13, Spaatzu, Deblin) identified and ready for resource definition drilling, with four rigs currently operating.

• Historic and recent intercepts include up to 17m at 7.24% Cu & 144.4g/t Ag, and 44m at 1.36% Cu & 36.8g/t Ag.

• Board and management have a strong discovery and production track record, holding a significant equity stake.

• $20M in prior expenditure by a major, with rapid resource definition and value growth potential.

Jurisdiction and infrastructure

• Namibia is ranked 4th in Africa for mining investment attractiveness and is a stable democracy with a 37.5% tax rate.

• The project is well-connected by highway, rail, and power infrastructure, with proximity to skilled workforce and processing facilities.

• Namibian road infrastructure is ranked among the top 30 globally, and the region has significant fresh groundwater resources.

Exploration results and mineralisation

• High-grade copper and silver mineralisation confirmed at T-13, with intercepts such as 6m at 16.65% Cu & 370.3g/t Ag.

• Mineralisation starts from surface, remains open, and is present across wide intercepts with no prior mining.

• Multiple large-scale copper and gold anomalies and targets identified across the project area.

• Deblin-Segen trend features 40km of strike with significant intercepts and resource drilling planned.