Golden Horse Minerals (GHM) Investor presentation summary

Investment highlights

• Portfolio includes advanced brownfield gold projects in the underexplored Southern Cross Greenstone Belt, covering over 130km² with thick, high-grade assays and key infrastructure access.

• Significant exploration upside with multiple high-grade brownfield prospects and greenfield targets queued for drilling across more than 4km of the Hopes Hill trend.

• Management team has a strong track record and is supported by a leading ASX-listed gold producer holding a 20.4% stake.

• Consistent newsflow is driven by mobilizing a second drill rig and ongoing exploration activities.

Project execution and exploration results

• Rapid growth supported by strong newsflow and 18 tenure consolidation transactions, including Hopes Hill.

• Maiden drill campaign launched at Hakes Find and RC drilling commenced at Hopes Hill, with 6,300m completed.

• Stage 2 drilling underway at Hopes Hill, with EIS grant funding secured.

• Notable drill results include 43m @ 4.5g/t Au, 61m @ 2.5g/t Au, and 24m @ 2.5g/t Au, demonstrating thick, shallow, high-grade gold.

Corporate overview

• Share price at A$0.42 as of 21 May 2025, with 157M shares/CDIs on issue and a market capitalization of A$66M.

• Cash on hand totals A$10.8M as of 31 March 2025.

• Top shareholders include Emerald Resources (20.4%), institutional/family office investors (33.9%), and board/management (5.1%).