Midas Minerals (MM1) Investor presentation summary

Project overview and opportunity

• Otavi Project in Namibia covers 1,776km² with less than 40% explored and significant high-grade copper, silver, and gold discoveries at T13 and Deblin, both open along strike and at depth.

• Over $20M in prior exploration, including 56km of drill core and more than 17,000 soil samples, supports rapid resource definition and value growth through drilling.

• The region offers excellent infrastructure, including highways, rail, power, water, and proximity to the Tsumeb smelter and Walvis Bay port.

• Namibia is a top-ranked African mining jurisdiction with stable fiscal terms and a supportive regulatory environment.

• Option to acquire 80% of the adjacent 195km² South Otavi Project, targeting both gold and copper mineralisation.

Exploration results and targets

• T13 discovery includes intercepts such as 17.2m at 7.24% Cu & 144.4g/t Ag and 20m at 4.16% Cu & 13.5g/t Ag, with mineralisation starting from surface.

• Deblin discovery features 15m at 4.15% Cu, 14.6g/t Ag, 0.22g/t Au and 17m at 1.72% Cu, with multiple other large-scale targets identified.

• Additional prospects like Harteestpoort and Driekoppies show strong copper-gold-silver results, and several anomalies remain untested.

• South Otavi Project has historic gold and copper anomalies over multi-kilometre strike lengths, with ongoing trenching and soil sampling.

• Exploration strategy includes immediate resource drilling and testing of new regional targets using a significant modern database.

Corporate structure and team

• Market cap is $42M with 155.4M shares on issue and a tightly held register; board and management collectively hold over 8% of shares.

• Board and consultants have extensive discovery and production experience in Africa and Australia, including leadership roles at major mining companies.

• Key personnel include Sara Kelly (Chair), Mark Calderwood (MD), Mick Wilson (Director), and Michael Naylor (Consultant).

• Strong corporate credentials and significant insider ownership align management with shareholder interests.