Midas Minerals (MM1) Investor presentation summary

Project overview and opportunity

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

• Over $20M in prior exploration, including 56km of drill core and 17,000+ soil samples, supports rapid resource definition.

• Historic intercepts include 17m at 7.24% Cu & 144.4g/t Ag, and 20m at 4.16% Cu & 13.5g/t Ag, with mineralisation starting near surface.

• The project is located in a tier 1 African mining jurisdiction with strong infrastructure and proximity to major mines and smelters.

• South Otavi Project, 195km², offers additional copper and gold targets, with initial drilling completed and assays pending.

Corporate structure and team

• Market cap is $79M with 203.5M shares on issue and a tightly held register; board and management hold 8.4%.

• Board and consultants have extensive discovery and production experience in Africa and globally, including major gold and copper projects.

• Technical team includes geologists and consultants with Namibian experience, with plans to expand as drilling increases.

Exploration model and strategy

• Otavi deposits are sediment-hosted, structurally controlled, with copper-dominant mineralisation and significant silver and gold credits.

• Exploration strategy leverages a large modern database, focusing on resource definition and new regional targets using multiple rigs.

• Targeting multiple deposits grading >2% copper, with potential for both open pit and underground resources.