Midas Minerals (MM1) Investor presentation summary

Project overview and opportunity

• Otavi Copper-Silver-Gold Project in Namibia covers 1,776km², with less than 40% explored and numerous drill targets identified.

• Initial mineral resource estimate (MRE) delivered within four months of acquisition, highlighting rapid progress and exploration upside.

• Project is located in a tier 1 African mining jurisdiction, with a prominent landholding and additional options over ~1,500km².

• Historic and recent drill intercepts show high-grade, wide copper-silver-gold mineralization near surface.

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

Mineral resource estimate and drilling highlights

• T-13 deposit inferred resource: 10.5Mt at 1.6% Cu and 21g/t Ag (2.0% CuEq), containing 169kt Cu and 7.1Moz Ag (211kt CuEq).

• High-grade core: 4.9Mt at 3.2% CuEq for 153kt CuEq in the Main Zone.

• ~70% of metal contained within 300m of surface, indicating strong open-pit potential.

• Metallurgical tests indicate high-grade Cu & Ag flotation concentrates with low impurities.

• Infill and extensional drilling ongoing, with two rigs on site and assays pending.

Multiple resource and exploration targets

• Several high-priority targets: T-13, Spaatzu, Deblin-Deblin South, Segen, and Hartbeespoort, each with significant historic and recent intercepts.

• Four drill rigs currently on site, with plans to increase as the target pipeline grows.

• Deblin-Segen trend features 40km of strike with multiple prospects and drilling to commence as wet season ends.

• Merwe Dome and other domes present additional large-scale, partially explored targets.