Midas Minerals (MM1) Investor presentation summary

Project overview and asset highlights

• Otavi Copper-Silver-Gold Project is located in Namibia, a top-tier African mining jurisdiction with over 3,000km² of landholding and multiple high-priority targets.

• Exceptional drill results at T-13, Deblin, and Spaatzu, including intercepts such as 50.6m at 5.25% Cu & 135.3g/t Ag and 35.6m at 3.35% Cu.

• Initial Mineral Resource Estimate (MRE) for T-13: 10.5Mt at 1.6% Cu and 21g/t Ag (2.0% CuEq), totaling 211kt CuEq, with 80% value in copper and 20% in silver.

• Plans to update T-13 MRE and complete initial MREs for Deblin and Spaatzu in Q1 CY2027, with expanded drilling across other deposits.

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

Exploration and drilling results

• Seven drill rigs are operating across three priority target areas, with ongoing infill and extensional drilling at T-13, Deblin, and Spaatzu.

• T-13 drilling has delivered high-grade intercepts, including 50.6m at 7.81% CuEq and 30.1m at 5.35% CuEq, supporting a potential MRE upgrade.

• Deblin's first drill hole intercepted 36.6m at 3.35% Cu and 17.7m at 3.21% Cu, with assays pending from additional holes.

• Spaatzu discovery includes shallow, wide copper and silver intercepts, such as 44m at 1.36% Cu and 36.8g/t Ag.

• Numerous additional targets identified, with accelerated exploration and frequent news flow expected.

Corporate and financial summary

• Tightly held share register with 246.1M shares on issue and a market cap of $356M as of August 2026.

• Board and management collectively hold 11.1% of shares, with key individuals holding additional stakes.

• Cash position of $29.2M and no debt as of June 2026.

• Institutional investors include Acorn Capital (6.3%) and Tribeca Investment Partners (5.2%).

• Recent capital raise of $28M and significant share price appreciation linked to exploration milestones.