Minerals 260 (MI6) Noosa Mining Investor Conference summary

Corporate History and Transaction Highlights

• Spun out from Liontown Resources three years ago, maintaining strong ties with its leadership and shareholder base.

• Acquired the Bullerbyn/Bullabulling Gold Project from Zijin Mining Group for $166 million, following a $220 million capital raise that exceeded the company's prior market cap.

• Shareholder register includes top-performing funds like Samuel Terry Asset Management, BlackRock, and Franklin Templeton, with the top 20 holding 65%.

• Market capitalisation of $250M (as of July 2025), with 2,150M shares on issue and strong institutional and board ownership.

• Board features experienced industry leaders, including Tim Goyder as Chair and David Richards, with a balanced team in legal and finance.

Project Overview and Resource Details

• Advancing the Bullerbyn/Bullabulling Gold Project, one of Australia's largest undeveloped gold projects, with a 2.3Moz resource on granted mining leases and a near-term production target in 2028.

• The project benefits from excellent infrastructure, proximity to Kalgoorlie, and a live mining lease with native title agreements in place.

• Resource is open at depth and along strike, with 60% in the indicated category and dense 20x20 meter drilling.

• Major deposits include Phoenix (27Mt @ 1.1g/t Au, 930koz) and Bacchus (22Mt @ 1.3g/t Au, 890koz), with drilling confirming mineralisation continuity.

• Supported by 12,000 drill holes and extensive historical drilling, with ongoing deep and infill drilling programs.

Exploration and Development Strategy

• Five-pillar exploration plan targets depth extensions, infill, strike expansion, and regional prospects.

• Over half of the planned 80,000 meters of drilling is complete, with six rigs active and significant intercepts reported.

• 80,000m of drilling planned in 2025 to target depth, strike extensions, and infill existing resources, supporting a new resource estimate in December 2025.

• Regional exploration will target similar structures and underexplored lithological contacts, supported by strong capital reserves.

• Accelerated drilling, study, and permitting phases are enabled by the project's substantial historical data and previous feasibility studies.