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From Capital Deployment to Production Growth Mining Forum Americas | September 2026 ASX: MEK meekametals.com.au
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Important information Disclaimer The information contained in this presentation is issued by Meeka Metals Limited (“Meeka” or the “Company”) . The information contained herein is confidential and proprietary to the Company and is provided to recipients on the terms and conditions set out in this disclaimer . The document, in whole or in part, is not to be distributed, copied or reproduced, in any form, without the prior written consent of the Directors of the Company . The document does not purport to cover all relevant information about the Company or its business . It does not intend to be a complete or accurate statement of material information . Although the Company has used care and diligence in its preparation, the presentation is provided on the basis that no representation or warranty, expressed or implied, is made by the Company or any of its associates or advisers as to the accuracy or completeness of the information . None of the information contained in this presentation or any other written or oral communication transmitted or made available to the recipient or any of its associates or advisers is, or shall be relied upon as, a promise or representation, whether as to the past or future, and no liability will attach to such information to the Company, its associates or advisers . The Company and its directors, employees, agents and consultants shall have no liability including to any person by reason of negligence or negligent misstatement for statements, opinions, information or matters (express or implied) arising out of, contained in, or derived from or for any omissions from this presentation, except where liability under statute cannot be excluded . Whilst the directors are confident in the ability of the Company to achieve its objectives, the proposed activities and the industry in which it operates are regarded as high - risk and therefore should be regarded as speculative . Potential shareholders should be aware of the risks involved with an investment of this nature . The value of the investment may rise or fall depending on a range of factors beyond the control of the Company, such as changes to interest rates, inflation, government policy, regulatory regimes and foreign exchange rates . Certain statements in this presentation relate to the future, including forward looking statements relating to the Company’s financial position, strategy and expected operating results . These forward - looking statements involve known and unknown risks, uncertainties, assumptions and other important factors that could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such statements . Actual events or results may differ materially from the events or results expressed or implied in any forward - looking statement and deviations are both normal and to be expected . Other than required by law, neither the Company, their officers nor any other person gives any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward - looking statements will actually occur . You are cautioned not to place undue reliance on those statements . Not Investment Advice This presentation does not provide investment advice or financial product advice . Each recipient of this presentation should make its own enquiries and investigations regarding all information in this presentation including, but not limited to, the assumptions, uncertainties and contingencies which may affect future operations of the Company and the impact that different future outcomes might have on the Company . Information in this presentation is not intended to be relied upon as advice to investors or potential investors and has been prepared without taking account of any person’s individual investment objectives, financial situation or particular needs . Before making an investment decision, prospective investors should consider the appropriateness of the information having regard to their own investment objectives, financial situation and needs and seek legal, accounting and taxation advice appropriate to their jurisdiction . The Company is not licensed to provide financial product advice in respect of its securities . Competent Person's Statement The information that relates to Exploration Results as those terms are defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’, is based on information reviewed by Mr James Lawrence, a Competent Person who is a member of the Australasian Institute of Mining and Metallurgy . Mr Lawrence is a full - time employee of the Company . Mr Lawrence has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ . Mr Lawrence consents to the inclusion in this presentation of the matters based on his information in the form and context in which it appears . Mineral Resources The information that relates to the Mineral Resource was first reported by the Company on 16 September 2026 . The Company is not aware of any new information or data that materially affects the information included in these announcements and that all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed . The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original announcement . Ore Reserves The information that relates to Ore Reserves was first reported by the Company on 16 September 2026 . The Company is not aware of any new information or data that materially affects the information included in this announcement and that all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed . The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original announcement . Currency All amounts are in Australian dollars unless stated otherwise . Not an offer in the United States This presentation has been prepared for publication in Australia and may not be released to US wire services or distributed in the United States . This presentation does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction . Any securities described in this presentation have not been, and will not be, registered under the US Securities Act of 1933 and may not be offered or sold in the United States except in transactions exempt from, or not subject to, registration under the US Securities Act and applicable US state securities laws . The distribution of this presentation in jurisdictions outside Australia is restricted by law . Persons who come into possession of this presentation should observe any such restrictions . Any failure to comply with such restrictions may constitute a violation of law . JORC Code It is a requirement of the ASX Listing Rules that the reporting of ore reserves and mineral resources in Australia comply with the Joint Ore Reserves Committee’s Australasian Code for Reporting of Mineral Resources and Ore Reserves ("JORC Code") . Investors outside Australia should note that while ore reserve and mineral resource estimates of the Company in this document comply with the JORC Code (such JORC Code - compliant ore reserves and mineral resources being "Ore Reserves" and "Mineral Resources" respectively), they may not comply with the relevant guidelines in other countries and, in particular, do not comply with ( i ) National Instrument 43 - 101 (Standards of Disclosure for Mineral Projects) of the Canadian Securities Administrators (the "Canadian NI 43 - 101 Standards") ; or (ii) Item 1300 of Regulation S - K, which governs disclosures of mineral reserves in registration statements filed with the SEC . Information contained in this document describing mineral deposits may not be comparable to similar information made public by companies subject to the reporting and disclosure requirements of Canadian or US securities laws . 2 ASX: MEK meekametals.com.au
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- 20 40 60 80 100 120 140 160 180 $- $0.05 $0.10 $0.15 $0.20 $0.25 $0.30 $0.35 Volume (m) Price ($/share) Corporate overview 3 5% Board & Management 35% Institutional 60% Other Holders Ownership Research Coverage A blue text on a black background AI-generated content may be incorrect. Morgans Month Ahead ASX: MEK meekametals.com.au Share Price (close 25 Sep 2026) $/share 0.10 Shares on Issue 1 M 3,526 Market Capitalisation 1 $M 353 Cash 2 $M 50 Debt $M nil Enterprise Value $M 303 Board Paul Chapman Non - Executive Chairman Tim Davidson Managing Director & Chief Executive Officer Roger Steinepreis Non - Executive Director Paul Adams Non - Executive Director Dan Lougher Non - Executive Director Executive Joe Belladonna Chief Financial Officer & Company Secretary Chris Davidson Chief Operating Officer 1 The Company’s pro forma capital structure and market capitalisation are indicative post 25 September 2026 Placement and assuming shareholders approve the issue of the Tranche Two Placement shares. 2 Following completion of Tranche One of the 25 September 2026 Placement, the Company expects to report a cash balance of ~$50m at Sep - 26 quarter end. The Company will receive a further ~$9m in Nov - 26 when Tranche Two Placement shares are settled.
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Extensive, new infrastructure in place to support stable, long - life mines ~$174m 1 invested to establish extensive mining, processing and support infrastructure necessary to deliver a stable, long life (10yr), high margin, production plan. Underground mining to drive inflection in grade and production Transition from open pit (finished Jul - 26) to underground mining will deliver improved grade, production and cash flow. This is further enhanced by our owner - operator underground mining capability that is providing a cost advantage over contract mining. Underground mining operations will expand again in 2026 with Meeka’s second underground mine at Turnberry commencing in Oct - 26. Capital investment tapering, delivering improved margin Capital investment will taper from the Sep - 26 quarter simultaneously with increased underground mining driving improved grade, production and margin. Highly capable team in place to deliver production growth Highly capable team of 120+ employees in place to administer, manage and operate Meeka’s multiple mines, processing infrastructure and accommodation village. Mt Holland growth opportunity Mt Holland (acquired in Aug - 26) presents a compelling growth opportunity with the modest existing resource likely to grow with drilling, presenting a potential second development asset. Western Australian focused g old producer 4 ASX: MEK meekametals.com.au 1 Growth capital invested during FY25 and FY26.
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FY26 Financial Results 5 ASX: MEK meekametals.com.au First full year as a gold producer | Year ended 30 June 2026 (4.2) 51.3 FY25 FY26 NPAT ($M) (0.20) 1.74 FY25 FY26 Basic EPS (cents) Underground ramp - up Andy Well UG reached ~600m/month development; stoping commenced late May - 26 and is continuing to ramp up Open pit concluded Mining ceased Jul - 26, resetting the cost base and preserving ~300koz @ 1.3g/t Au FY27 outlook Continue Andy Well UG ramp up; Turnberry UG portal development from Oct - 26 $160.8M Revenue FY25: nil $51.3M Net profit after tax FY25: $4.2M loss $89.8M Operating cash flow FY25: ($4.5M) $37.9M Cash at 30 June 2026 Expected ~$50m at Sep - 26 quarter end 1 28.8koz Gold produced AISC $2,956/oz 25.4koz Closing ore stockpiles 806kt @ 1.0g/t Au 1 Following completion of Tranche One of the 25 September 2026 Placement, the Company expects to report a cash balance of ~$50m at Sep - 26 quarter end. The Company will receive a further ~$9m in Nov - 26 when Tranche Two Placement shares are settled.
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Extensive new infrastructure in place to support a long - life operation in the Murchison 6 ASX: MEK meekametals.com.au 600ktpa CIL Processing Plant Commissioned in Jun - 25, ramped - up through FY26. Currently operating at 600ktpa. An ore sorter is being added to the circuit in Oct - 26. 250 Person Village Capacity for all current and planned operations. Meeka is currently leasing spare capacity to third party operators in the region. New TSF (10 - year capacity) Two Stage TSF provides 10 years of capacity at 600ktpa processing rate. Stage 1 operating in the Dec - 26 quarter (4 years capacity). Stage 2 provides a further 6 years capacity once commissioned. UG Mines and Mining Fleet Andy Well in production and ramping up. Turnberry UG commencing development in Oct - 26. Extensive mining fleet in place to support production plans at both mines.
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High - grade 0.5Moz @ 8.8g/t Au Resource (73% M&I) Andy Well underground 7 High - grade, gets better with depth ASX: MEK meekametals.com.au Grade is performing in line with the Mineral Resource and is expected to improve on subsequent levels below current development based on drilling results Current mining areas
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Stope production ramping up at Andy Well 8 First ~12 - 18 months of production from new, shallow mining areas within ~200m of surface Stoping commenced late in the Jun - 26 quarter and is ramping up now Ramp - up in stope production is a key driver of improved gold production in the Dec - 26 quarter Cross Section Oblique View ASX: MEK meekametals.com.au Wilber lodes Judy lodes Suzie lodes Driving meaningful improvement in mill head grade through FY27
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Productivity and production to improve through FY27 as the mine continues to open up and an increasing number of work areas become available 9 ASX: MEK meekametals.com.au Three development drills operating between the Wilber and Judy lodes (~600m per month) Multiple levels being developed in each of Wilber and Judy areas Suzie lode will be accessed in the Dec - 26 quarter, further increasing available work areas for ore development Plan View – Andy Well Current Operating Areas
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10 Wilber Long Section
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11 ASX: MEK meekametals.com.au Judy North Long Section Drilling indicates both grade and strike to increase on subsequent levels below current development
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12 ASX: MEK meekametals.com.au Second underground mine at Turnberry Power station and mine services Production Portal Ventilation portal Stores yard Mining and support equipment in place Workforce recruited Portals established ready for development to commence in early Oct - 26 Development commencing Oct - 26
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13 ASX: MEK meekametals.com.au Simple top - down underground mining strategy Good ground conditions – simple mesh and bolt ground support regime Broad zones of mineralisation – average stoping width ~6m Recent drilling demonstrates growth to the underground mine plan is likely 450m below surface Turnberry underground Providing additional high - grade ore from Jan - 27
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14 ASX: MEK meekametals.com.au Acquired by Meeka in Aug - 26 Significant past production from the area ~1.2Moz @ 5.12g/t Au prior to 2001 (largely at Bounty – not owned by Meeka) Gold is shear - hosted in steeply dipping banded iron formation (“BIF”) units Meeka’s tenure has a combined area of 71km 2 and covers ~24km of north - south striking BIF units No significant gold focused exploration in the last ~15 years (asset has been in a lithium focused business) Long section showing Blue Vein deposit (left) and the Bounty gold mine (right - not owned by Meeka) which produced ~1.2Moz to a depth of 1,000m. Mt Holland growth opportunity No significant gold focused drilling in the last ~15 years
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Typical mineralisation has short strike and long plunge favouring underground discoveries Most anomalies are undrilled below 80m 15 ASX: MEK meekametals.com.au Typical vein - style high - grade gold mineralisation at Blue Vein, 10.92m @ 4.4 g/t Au from 161m (CBV041DT) Multiple targets for discovery
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16 ASX: MEK meekametals.com.au Blue Vein – modest resource, strong growth potential High - grade 250koz @ 2.5g/t Au Resource 2.2km of strike, open to the north and at depth Limited drilling below 100m depth
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Tim Davidson | Managing Director +61 8 6388 2700 info@meekametals.com.au www.meekametals.com.au Contact ASX: MEK meekametals.com.au
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18 ASX: MEK meekametals.com.au Mineral Resources and Ore Reserves “OP” denotes open pits, “UG” denotes underground . All Mineral Resources are reported inclusive of Ore Reserves . Estimates are rounded to reflect the level of confidence in the Mineral Resources at the time of reporting . FY26 Mineral Resource Cut-off Grade Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Project Area Type (g/t) (kt) (g/t) (koz) (kt) (g/t) (koz) (kt) (g/t) (koz) (kt) (g/t) (koz) St Anne's OP 0.5 - - - 150 3.2 20 - - - 150 3.2 20 St Anne's UG 1.6 - - - 80 2.5 10 - - - 80 2.5 10 St Anne's Total - - - 230 3.0 30 - - - 230 3.0 30 Turnberry OP 0.5 - - - 6,130 1.3 250 1,150 1.3 50 7,280 1.3 300 Turnberry UG 2.0 - - - 100 3.6 10 2,750 3.9 350 2,850 3.9 360 Turnberry Total - - - 6,230 1.3 260 3,900 3.1 400 10,130 2.0 660 Andy Well UG 1.5 150 11.4 55 970 9.9 310 650 6.5 135 1,770 8.8 500 Stockpiles - - - 810 1.0 25 - - - 810 1.0 25 Murchison Total 150 11.4 55 8,240 2.4 625 4,550 3.7 535 12,940 2.9 1,215 Blue Vein OP 0.5 - - - 1,030 2.0 70 120 2.4 10 1,150 2.1 80 Blue Vein UG 1.0 - - - 480 2.4 40 1,450 2.8 130 1,930 2.7 170 Blue Vein Total - - - 1,510 2.3 110 1,570 2.8 140 3,080 2.5 250 Bushpig OP 0.5 - - - - - - 270 1.2 10 270 1.2 10 Razorback OP 0.5 - - - - - - 220 1.6 10 220 1.6 10 Mt Holland Total - - - 1,510 2.3 110 2,060 2.4 160 3,570 2.4 270 Total 150 11.4 55 9,750 2.3 735 6,610 3.3 695 16,510 2.8 1,485 Murchison Mt Holland Total Measured Indicated Inferred FY26 Ore Reserve Cut-off Grade Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Project Area Type (g/t) (kt) (g/t) (koz) (kt) (g/t) (koz) (kt) (g/t) (koz) Turnberry OP 0.6 - - - 350 1.8 20 350 1.8 20 Turnberry UG 2.0 - - - 620 2.5 50 620 2.5 50 Andy Well UG 1.5 - - - 2,150 3.8 260 2,150 3.8 260 Stockpiles - - - 810 1.0 25 810 1.0 25 Total - - - 3,930 2.8 355 3,930 2.8 355 Murchison Proven Probable Total