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GATEWAY MINING LIMITED — AGM Information 2025
Nov 23, 2025
64999_rns_2025-11-23_85ae0e4e-b8c9-4e1b-9e40-f920574cff6d.pdf
AGM Information
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Unlocking the potential across the Yandal
Greenstone Belt
Annual General Meeting Presentation
24 November 2025
Richard Pugh, Chief Executive Officer
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Important Information and Disclaimer Forward Looking Statements ▪ ▪ 2
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This presentation has been prepared by Gateway Mining Ltd (GML). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document has been derived from third parties and through GML has no reason to believe that it is not accurate, reliable or complete, it has not been independently audited or verified by GML.
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This presentation is in summary form and does not purport to be all inclusive or complete. Recipients should conduct their own investigations and perform their own analysis in order to satisfy themselves as to the accuracy and the completeness of the information, statements and opinions contained.
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This is for information purposes only. Neither this nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of GML shares in any jurisdiction. This does not constitute investment advice and has been prepared without taking into account the recipient’s investment objectives, financial circumstances or particular needs and the opinions and recommendations in this presentation are not intended to represent recommendations of particular investments to particular persons. Recipients should seek professional advice when deciding if an investment is appropriate. All securities transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments.
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To the fullest extent permitted by law, GML, its officers, employees, related bodies corporate, agents and advisors do not make any representations or warranty, express or implied, as to the currency, accuracy, reliability or completeness of any information, statements, opinions, estimated, forecasts or other representations contained in this presentation. No responsibility for any errors or omissions from this arising out of negligence or otherwise is accepted.
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Any forward looking statements included in this document involve subjective judgment and analysis and are subject to uncertainties, risks and contingencies, many of which are outside the control of, and may be unknown to, GML. In particular they speak only as of the date of this document, they assume the success of GML’s strategies, and they are subject to significant regulatory business, competitive and economic uncertainties and risks. Actual events may vary materially from the forward-looking statements and the assumptions on which the forward-looking statements are based. Recipients of this document are cautioned to not place undue reliance on such forward-looking statements.
Important Information
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Nothing in this material should be construed as either an offer to sell or a solicitation of an offer to buy or sell securities.
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Recipients should conduct their own investigations and perform their own analysis in order to satisfy themselves as to the accuracy and the completeness of the information, statements and opinions contained.
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By receiving the Presentation, you acknowledge and represent to the Company that you have read, understood and accepted the terms of this disclaimer. This Presentation is not a prospectus, product disclosure statement or other offering document under Australian law or any other law (and will not be lodged with the Australian Securities and Investments Commission (ASIC) or any other foreign regulator) and is not, and does not constitute, an invitation or offer of securities for subscription, purchase or sale in any jurisdiction. In particular, this Presentation does not constitute an invitation or offer of securities for subscription, purchase or sale in the United States or any other jurisdiction in which such an offer would be illegal. The securities referred to in this Presentation have not been, and will not be, registered under the US Securities Act of 1933 as amended or the securities laws of any state or other jurisdiction of the United States and may not be offered or sold, directly or indirectly in the United States.
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The presentation has been authorised for release by the Executive Chairman of the Company.
Competent Person Statement
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The information in this presentation that relates to Exploration Results and Mineral Resources has been extracted from various GML ASX announcements and are available to view on the GML website at “ ”
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www.gatewaymining.com.au or through the ASX website at www.asx.com.au (using ticker code GML ).
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GML confirms that it is not aware of any new information or data that materially affects the information included in the original market announcementand that all material assumptions and technical parameters underpinning the Mineral Resources in the relevant market announcement 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 market announcement.
Highly Successful and Experienced Leadership Team ▪ 3 +15 years experience in formation, financing and development of natural resources companies, including Andrew Bray Strickland Metals Ltd, Silver Mines Ltd, Futura Resources Ltd, amongst others. Executive Chairman
▪ Former Chief Executive Officer of Strickland Metals Ltd (previous owner of Yandal Gold Project).
- +30 years technical, management and financial experience in the resource sector worldwide in project management and executive development roles.
Anthony McClure Non-Exec Director
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Financial sector experiences within mineral and energy sectors.
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Current Chair of Strickland Metals Limited.
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Former director Silver Mines Limited, Bolnisi Gold NL, Nickel Mines Limited, European Gas Limited and Santana Minerals Limited.
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Mining engineer and mechanical engineer with +40-year experience in the mining industry in Australia and Africa.
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▪ Former roles with Rio Tinto, Macmahon and WMC Resources.
David Morgan Non-Exec Director
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Former General Manager for Equigold and Sundance Resources.
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Previous director of Discovex Resources Limited and Strickland Metals Limited.
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Current Non-Executive Director Nagambie Resources Limited.
▪ Geologist and company director with +40 years.
David Crook Non-Exec Director
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Inaugural Managing Director of Pioneer Resources Limited.
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Current Managing Director of Tyranna Resources Limited.
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18+ years geology experience for several ASX mineral exploration companies.
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▪ Former Executive Technical Director Strickland Metals Limited.
Richard Pugh Chief Executive Officer
- Current Non-Executive Director Strickland Metals Limited.
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A busy four months… ........but we’re only just getting started 4
| Completion of | Completion of | Key Mineralised | Key Mineralised | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Acquisition of | Trends Identified | High Grade Gold |
Large gold nugget |
44,000m Aircore | ||||||||||||
| Yandal Gold Project | across Yandal | Samples at Great | haul at Great |
Program | ||||||||||||
| from STK | Project | Western | Western | Commenced | ||||||||||||
| 19 Aug. | 26 Aug. 26 Aug |
1 Sep. | 3 Sep. | 15 Sep. | 17 Sep. | 24 Sep. | 7 Oct. | 17 Oct. | ||||||||
| Board Restructure Appointment of New |
Acquisition of | $22.5m raising | to | 4,600 Metre | ||||||||||||
| Marks New Phase of | CEO | Glenburgh South | underpin aggressive |
Diamond Drilling | ||||||||||||
| Yandal Exploration | Project | exploration | Program Underway | |||||||||||||
| programs | ||||||||||||||||
| New Management appointed | ||||||||||||||||
| and deal completed | ||||||||||||||||
Corporate Summary 5
| Andrew Bray Executive Chairman DIRECTORS & MANAGEMENT |
Andrew Bray Executive Chairman DIRECTORS & MANAGEMENT |
|---|---|
| Andrew Bray | |
| Anthony McClure | Non-Executive Director |
| David Crook | Non-Executive Director |
| David Morgan | Non-Executive Director |
| Richard Pugh | Chief Executive Officer |
| Kar Chua | Company Secretary |
| CAPITAL STRUCTURE (as at 21 November) | CAPITAL STRUCTURE (as at 21 November) |
|---|---|
| ASX Ticker | GML |
| Shares on issue | 2,292,360,313 |
| Options on issue1 | 108,498,985 |
| Cash and liquids2 | $33.1M |
| Share Price | $0.085 |
| Market Capitalisation | $194.8M |
1. 71,558,083 options expiry 15/12/2026 at $0.033 per option, 16,940,902 options expiry 31/03/2025 at $0.124 per option and 20,000,000 options expiry 2/10/2028 at $0.10 per option.
2. Cash balance as at 30 September 2025 plus $22.5m placement completed in October 2025. Liquids comprises $8.1m in Brightstar Resources Limited Shares.
MAJOR SHAREHOLDERS
| Strickland Metals Limited | 13.1% |
|---|---|
| L11 Capital Pty Ltd | 9.1% |
| Top 20 | 50.0% |
| Directors(Directly & Indirectly) | 9.7% |
Project Overview6
▪ Within 50km of Northern Star’s Yandal Operations Centre.
▪ >70km of prospective greenstone belt. ▪ Current resource base spans 3km of strike, >60km remaining largely untested.
▪ Only 26% of historic drilling reaches depths greater than 100m.
▪ 400koz Mineral Resource Estimate.[1]
- Refer to Appendix A for further details regarding Yandal Mineral Resource Estimate.
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Key Target Areas Priority regional target zones have potential for major discoveries 7
▪ Great Western
▪ Mustang
▪ Dusk ‘til Dawn
Great Western High priority splay corridor with gold anomalism untested by drilling 8
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▪ Drilling by previous holder targeted the intrusion itself – no follow up.
- Extremely strong Mo-Bi-Te anomalism remained unexplained.
▪ Mafic-intermediate contact.
▪ Significant structural complexity – intersection of shear zones; intrusions; NE cross cutting features.
▪ Modelling of Great Western intrusion.
Great Western High priority splay corridor with gold anomalism untested by drilling 9
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GML soil sampling and lag sampling identified key gold trends.[1]
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Follow-up prospecting activities have returned over 100 gold nuggets around the margin of the Great Western Intrusion.[2]
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Multiple drill targets have been generated from this work.
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Two stratigraphic diamond holes - scheduled to be drilled at Great Western in December 2025.
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Mafic-Intermediate Contact
Dilation Zone
Great Western Shear
Nabberu Shears
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Refer to ASX announcement dated 3 September 2025.
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Refer to ASX announcement dated 17 September 2025.
Great Western Confirmation of significant gold mineralisation 10
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Cautionary Statement:
Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations.
The gold mineralisation reported is in nuggety form. The minerals visually observed is native free gold, however, being nuggets, they have not been assayed to confirm purity and if any other trace elements may be present. The Company notes gold nuggets showing this colour typically have a high gold purity.
The abundance of gold is constrained to the 134 nuggets reported. The nuggets range in size from 1.5 grams to approximately 26.5 grams and have an angular habit. The nuggets were discovered near surface on tenement E69/2765 to a maximum depth of approximately 40cm using metal detecting equipment. The nuggets are not representative of the entire area with approximately 60% of the nuggets confined to an area approximately 200m (north-south) x 100m (east-west) – centered around 265,380mE and 7,133,110mN (Grid MGA94 Zone 51). The remainder of the nuggets were dispersed along the recently defined surface sampling gold anomaly for approximately 1.2 kilometres of strike on tenement E69/2765.
The Company will undertake additional exploration activities to further assess the abundance of gold within the area where the nuggets were discovered, and across the wider Yandal Project. As previously announced, a wider soil sampling program is ongoing, to map this new anomalous gold trend to Horse Well. A trial 2D IP survey line will also be undertaken across the peak gold anomaly defined to date across Great Western. This survey will be completed once the 3D IP survey across Dusk ‘til Dawn has been finalised. Both set of results will be released to the market in due course. Drilling plans will be released to the market after the Company receives and reports these results.
Refer to ASX Announcement dated 17 September 2025for full details regarding nugget 10 samples.
Key Target Areas Priority regional target zones have potential for major discoveries 11
▪ Great Western
▪ Mustang
▪ Dusk ‘til Dawn
Mustang Analogous Horse Well camp identified at Mustang 12
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- Multielement geochemistry by GML accurately mapped key lithologies.
▪ Same contact position immediately to the south hosts high grade mineralisation.
▪ Historic BOH +0.1g/t Au identified in old RAB and aircore drilling – not followed up in key positions.[1]
- Refer to ASX announcement dated 29 August 2025.
Mustang Pony, Colt and Haflinger intrusions immediately north of Mustang ▪ Recent gravity modelling delineated 13 three intrusions immediately north of Mustang – Pony, Colt and Haflinger.
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Only wide spaced historic RAB drilling – all holes ended in weathered material.[1]
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Very encouraging supergene gold – no follow up.
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Aircore program is underway with a third of the program completed to date.
▪ Extended to +50,000 metres
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The first assays are expected in the next two weeks.
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Refer to ASX announcement dated 9 September 2025.
Key Target Areas Priority regional target zones have potential for major discoveries 14
▪ Great Western
▪ Mustang
▪ Dusk ‘til Dawn
Dusk ‘til Dawn Advanced gold targets – potential for major discovery ▪ Extensive geophysical work has defined 15 key intrusions.[1] ▪ Alteration and large Au-Mo-Cu-Bi-Te geochemical trends coincident with intrusive features.
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Very large hydrothermal system.
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Diamond drilling program underway.
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- Refer to ASX announcement dated 9 September 2025.
Horse Well Mineral Resources 16
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| Prospect | Tonnes(t) | Au(g/t) | Au(oz) | Cut-off |
|---|---|---|---|---|
| Palomino Pit | 1,963,000 | 1.84 | 116,000 | 0.5 |
| Palomino UG | 155,000 | 2.69 | 13,500 | 2.0 |
| Palomino Total | 2,118,000 | 1.90 | 129,500 | - |
| Warmblood | 1,656,000 | 2.37 | 126,000 | 0.5 |
| Filly | 581,000 | 1.15 | 21,500 | 0.5 |
| Bronco | 324,000 | 1.38 | 14,500 | 0.5 |
| HWGC Subtotal | 4,679,000 | 1.94 | 291,500 | - |
| Dusk 'til Dawn | 3,495,600 | 1.00 | 108,900 | 0.5 |
| Yandal Project Total | 8,174,600 | 1.52 | 400,400 |
Refer to Appendix A for further details regarding Yandal Mineral Resource Estimate.
Horse Well Mineral Resources 17
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Mineral resource estimates have been completed across Palomino, Warmblood, Bronco and Filly Central.[1]
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All resources remain open down dip and plunge.
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Large portions of modelled mineralisation remains ‘unclassified’ and is excluded from MREs:
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Marwari-Filly Trend (1.6km)
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Bronco-Konik Trend (3km)
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Palomino and Warmblood (outside optimised pits)
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Refer to Appendix A for further details regarding Yandal Mineral Resource Estimate.
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Horse Well Mineral Resources
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- Solid resource base from which to build more substantial gold resource.
▪ Mineralisation from surface.
- Remains open at depth and along strike.
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- Oxide + transition inferred mineral resource of 103k ozs @ 1.8 g/t Au.[1]
▪ Combined open pit mineralisation of 278k ozs @ 1.9g/t Au (at AUD4k pit optimisation).[2 ]
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1.9Mt @ 1.8 g/t Au for 108k oz Au Inferred.
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4.52Mt @ 1.9 g/t Au for 278k oz Au Inferred.
Refer to “Appendix A: Yandal Inferred Mineral Resource Estimates” for further details regarding the Yandal Mineral Resource.
Other Projects – Glenburgh South Strategic Acquisition in High Prospective location 19 ▪ Adjacent to Benz Mining Corp’s Glenburgh Project.
▪ Early signs of similar mineralisation.
▪ Repeat fault structure to the south of Glenburgh.
▪ Airborne magnetic survey underway and surface sampling programs planned.
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Refer to ASX announcement dated 15 September 2025 for full transaction details.
Other Projects – Barrelmaker 20 ▪ 80km of prospective strike within the Gum Creek Greenstone Belt.
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▪ : Historic drill intercepts include[1]
▪ 22m @ 2.3g/t Au
▪ 11m @ 4.5g/t Au
▪ Systematic exploration work is ongoing and includes lithogeochemistry of existing drill samples and ground gravity to better understand the controls on existing gold mineralisation.
▪ 1.Refer to ASX announcement 9 December 2024.
Summary 21
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| Appendix A: Yandal Inferred Mineral Resource Estimates | Appendix A: Yandal Inferred Mineral Resource Estimates | Appendix A: Yandal Inferred Mineral Resource Estimates | Appendix A: Yandal Inferred Mineral Resource Estimates | Appendix A: Yandal Inferred Mineral Resource Estimates |
|---|---|---|---|---|
| Prospect | Tonnes (t) | Au (g/t) | Au (oz) | Cut-off |
| Palomino Pit | 1,963,000 | 1.84 | 116,000 | 0.5 |
| Palomino UG | 155,000 | 2.69 | 13,500 | 2.0 |
| Palomino Total | 2,118,000 | 1.90 | 129,500 | - |
| Warmblood | 1,656,000 | 2.37 | 126,000 | 0.5 |
| Filly | 581,000 | 1.15 | 21,500 | 0.5 |
| Bronco | 324,000 | 1.38 | 14,500 | 0.5 |
| HWGC Subtotal | 4,679,000 | 1.94 | 291,500 | - |
| Dusk 'til Dawn | 3,495,600 | 1.00 | 108,900 | 0.5 |
| Yandal Project Total | 8,174,600 | 1.52 | 400,400 |
Table Notes:
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Mineral Resources are based on JORC Code Definitions as defined by the Australasian Code for Reporting Results, Mineral Resources and Ore Reserves.
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All figures are rounded to reflect appropriate levels of confidence. Apparent differences may occur due to rounding.
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The Mineral Resource Estimate has been estimated using appropriate high-grade cuts, minimum mining widths and dilutions.
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Tonnes rounded to the nearest 1,000t, ounces rounded to the nearest 500oz.
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Refer to ASX announcement dated 2 July 2025 titled “Acquisition of Yandal Gold Project from Strickland Metals Ltd” for further details regarding the MRE.
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Thank You
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Contact Details
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B1/431 Roberts Road, Subiaco WA 6008, Australia [email protected] +61 8 6383 9969 www.gatewaymining.com.au
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