Minerals 260 (MI6) Resources Rising Stars Gold Coast Conference summary

Strategic achievements and growth

• Resource expanded from 2.3 million to 6.2 million ounces in 15 months, with ongoing drilling and further growth expected.

• Market capitalization increased from AUD 270 million to over AUD 2 billion in one year, with strong insider and institutional support.

• Over $200 million in cash reserves enables aggressive development and drilling without capital constraints.

• Construction began before pre-feasibility study completion, leveraging strong location, ore body, and shareholder backing.

• Board strengthened with experienced industry leaders, including a former COO of Liontown.

Project development and resource potential

• Bullabulling project now covers over 1,500 sq km, with resource length potential extended to 20km after strategic tenement acquisitions.

• Discovery cost remains low at around $12 per ounce, supporting ongoing value creation.

• 4.4 million ounces of Indicated Mineral Resource underpin current reserves, with 80% conversion rate from indicated to reserve.

• Staged development approach targets a 19-year mine life, 7.5 million ton plant, and 200,000 ounces annual production.

• Largest undeveloped gold resource and reserve in Australia not owned by a producer.

Financial and operational outlook

• Industry-leading AUD 220 million investment from Franco-Nevada secures project funding.

• Main construction phase expected to start in Q1 next year, pending final state approvals.

• First production targeted for end of 2028, with reserve and PFS updates due in the next 3–6 months.

• Community engagement and local support prioritized to facilitate smooth development and operations.

• Gold market remains strong, with gold price up 80% over two years and project share price up over 550% in 12 months.