ASX RELEASE | 12 October 2021 | ASX:MI6

PRESENTATION – MINERALS 260 IPO AND EXPLORATION BRIEFING Minerals 260 Limited (“Minerals 260” or “Company”) is pleased to release the attached presentation for use at today’s investor forum and the upcoming 2021 Resources Rising Stars-MiningNews.net Investor Conference on 14 October 2021.

The announcement has been authorised for release by the Managing Director.

David Richards Managing Director For More Information: David Richards Managing Director T: +61 8 6556 6020 info@minerals260.com.au

Investor Relations: Nicholas Read Read Corporate T: +61 8 9388 1474 nicholas@readcorporate.com.au

Minerals 260 Limited 1Minerals 260 Limited 1

Exploring Australia’s most exciting newmineral province – the Julimar Region, WA

David RichardsManaging Director

OCTOBER 2021

ASX : MI6

Minerals 260 Limited 2

Important Notices and DisclaimerForward Looking Statements

This presentation may contain forward-looking statements, guidance, forecasts, estimates, prospects,projections or statements in relation to future matters that may involve risks or uncertainties and may involvesignificant items of subjective judgement and assumptions of future events that may or may not eventuate(Forward Statements). Forward Statements can generally be identified by the use of forward looking wordssuch as "anticipate", "estimates", "will", "should", "could", "may", "expects", "plans", "forecast", "target" orsimilar expressions. Forward Statements including indications, guidance or outlook on future revenues,distributions or financial position and performance or return or growth in underlying investments areprovided as a general guide only and should not be relied upon as an indication or guarantee of futureperformance. To the extent that certain statements contained in this presentation may constitute 'ForwardStatements' or statements about forward looking matters, then the information reflects the Company's (andno other party's) intent, belief or expectations as at the date of this presentation. No independent third partyhas reviewed the reasonableness of any such statements or assumptions. None of the Company, its relatedbodies corporate and their respective officers, directors, employees, advisers, partners, affiliates and agents(together, the MI6 Parties) represent or warrant that such Forward Statements will be achieved or will proveto be correct or gives any warranty, express or implied, as to the accuracy, completeness, likelihood ofachievement or reasonableness of any Forward Statement contained in this presentation. Except as requiredby law or regulation, the Company assumes no obligation to release updates or revisions to ForwardStatements to reflect any changes. Recipients should form their own views as to these matters and anyassumptions on which any of the Forward Statements are based and not place reliance on such statements.

All dollar values are in Australian dollars ($ or A$) unless otherwise stated.

Disclaimer

No party other than the Company has authorised, permitted or caused the issue, submission, dispatch orprovision of this presentation, or takes any responsibility for, or makes or purports to make any statement,representation or undertaking in this presentation and there is no statement in this presentation that is basedon any statement by any other party. No person, either as a director, partner of or in the employment of theCompany has any authority to make, imply, or give any representation or warranty whatsoever in relation tothe information contained in this presentation. None of the MI6 Parties take any responsibility for anyinformation in this presentation or any action taken by you on the basis of such information.

To the maximum extent permitted by law, the MI6 Parties:

• exclude and disclaim all liability, including (without limitation) any liability for fraud or negligence, forany expenses, losses, damages or costs incurred either as a result of the information in thispresentation being inaccurate or incomplete in any way for any reason, or otherwise arising inconnection with this presentation; and

• make no representation or warranty, express or implied, as to the currency, accuracy, reliability orcompleteness of information in this presentation.

Competent Person Statement

The Information in this Presentation that relates to Exploration Results is extracted from:

• the Minerals 260 Limited Prospectus dated 19 August 2021 which is available onwww.minerals260.com.au; and

• Liontown Resources Limited ASX announcement titled “Strong PGE and gold anomalism confirmed atthe Koojan JV Project, WA” released on 14 July 2021 which is available on www.ltresources.com.au.

The Company confirms that it is not aware of any new information or data that materially affects theinformation included in the original market announcements and that all material assumptions and technicalparameters underpinning the estimates or production targets or forecast financial information derived from aproduction target (as applicable) in the relevant market announcements continue to apply and have notmaterially changed. The Company confirms that the form and context in which the Competent Person’sfindings are presented have not been materially modified from the original market announcements.

Authorisation

This Presentation has been authorised for release by the Board.

Minerals 260 Limited 3

Quality Projects, Proven Board andStrong Financial Position

Moora/Koojan JV Projects(Gold-PGE-Nickel-Copper)Emerging mineral province following discovery of Julimar PGE-nickel-copper–gold system

~1,100km2

Previously unexplored

Early exploration results– up to 43m @ 1.8g/t gold

Funding to accelerate exploration

KEY ASSET

Anthony CiprianoChairman+30 years (Chartered Accountant)Director of Liontown Resources and Former Senior Partner at Deloitte

David RichardsManaging Director+35 years (Geologist) DiscoveredKathleen Valley Lithium Depositand Vera Nancy Gold Deposits

Tim GoyderNon-Executive Director+40 years (Mining Executive) Chairmanand Major Shareholder LiontownResources and Chalice Mining

Craig WilliamsNon-Executive Director+40 years (Geologist) Director of Liontown Resources and Co-founderand CEO of Equinox Minerals

Shares on Issue 220M

Market Capitalisation $110M (at 50cps)

Top 20 Shareholders ~40%

Directors ~18%

Cash ~$28M

Corporate Snapshot ASX CODE: MI6

Minerals 260 Limited 4

Item

Offer price per share A$0.50/share

Gross proceeds $30 million

Total Securities on issue on completion 220,000,000

Market Capitalisation on listing $110,000,000

Enterprise Value on Listing $80,000,000

% Held by LTR shareholders on listing ~94.5%

Demerger/IPO Outcomes

4

Details Use of Funds

Project Activity Expenditure

Moora and Koojan JV

Drilling and related $12,810,000

Other studies $1,350,000

Dingo Rocks and Yalwest Target generation $340,000

Business Development Acquisition costs $4,000,000

Working CapitalCorporate overheads and program acceleration

$9,600,000

Demerger/IPO costsASX fees, Broker fees, Independent experts

$1,900,000

Total $30,000,000

Key PointsStrong LTR shareholder and director (~$2M) support

Strong new institutional and HNW support

Significant scale back

Minerals 260 Limited 5

2021Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3

RC/DD DrillingResource DrillingResource EstimationMetallurgyScoping Study

Mt Yule RC/DD DrillingAeromagneticsEM/IPGeochemical ReviewAuger Sampling

Other RC/DD DrillingAeromagneticsEM/IPRC/DD DrillingAuger SamplingGravityAeromagneticsRC/DD DrillingTenement GrantGeochemistryRecon. Drilling

Yalwest All

Dingo Rocks All

Angepena

Moora

AllKoojan JV

Target Definition

2022 2023Project Prospect Activity

Proposed Exploration Timeline*

* All future programs subject to ongoing exploration results # Timing of grant to be confirmed

#

The Mooraand KoojanJV Projects

Minerals 260 Limited 7

Strategic Holding in an Emerging Precious and Base Metal Province

7

Second largest land position (~1,100km2) for an ASX-listed explorer in Julimar Mineral Province

Acquired prior to Julimar discovery

Located in same geological terrain as Julimar

Largely unexplored prior to Liontown commencing work

Initial exploration defines multiple drill targets

Maiden drilling intersects ore grades and widths with all mineralised trends open

Minerals 260 Limited 8

Julimar TrendDefined by northerly extension of regional magnetic dataIncludes new Bourbana anomaly

Mt Yule Corridor (MYC)Defined by coincident geochemical and geophysical anomalismMaiden drill intercepts up to 43m @ 1.8g/t Au (Angepena) and 9m @ 2.1% Cu (Northern Zone)Includes new Mallory anomaly

Bindi Bindi Nickel TrendHistoric Poseidon (1968) drill intersections up to 21m @ 0.6% Ni from surface

Regional Magnetic Image

Prospective Trends

Minerals 260 Limited 9

Mt Yule Magnetic Anomaly (100%)

• Large (7x2.5km) magnetic anomaly = mafic/ultramafic intrusion

• Maiden drilling program has defined multiple mineralised zones:

Angepena (Au)• +900m long zone• up to 43m @ 1.8g/t AuNorthern (Cu/Au)• +2km long zone• Multiple copper-gold intersections• Up to 9m @ 2.1% Cu and 7m @

1.1g/t AuSEZ (Au/Cu)• Up to 17m @ 0.4g/t Au and 12m @

0.2% Cu (EoH)• All trends remain open

Minerals 260 Limited 10

Angepena (100%)

PLUS 900M LONG BEDROCK GOLD ZONE

Minerals 260 Limited 1111

Koojan JV (Right to earn 51%)Significant geochemical anomalies defined

Geochemical Anomalies Bourbana Anomaly – Gold image

Minerals 260 Limited 1212

Koojan JV – Mallory Anomaly (Right to earn51%)

Mallory Anomaly – PGE image Mallory Anomaly – Gold image

Minerals 260 Limited 13

AngepenaDiamond core drilling to confirm style and orientation of mineralization Reverse circulation drilling to define limits of system

Greater Moora/Koojan JV AreaFollow up RC drilling of other Mt Yule targets Prioritise other targets Detailed aeromagnetic survey Ground EM Surveys Define PGE/Ni/Cu vectors

Infill/first pass geochemical sampling Drill testing of new targets

* All future programs subject to ongoing exploration results

13

Next Steps*

Mt Yule/Northern Zone – Drill SectionOff hole conductor may indicate primary sulphide zone

Other ProjectsDingo Rangeand Yalwest

Minerals 260 Limited 1515

Dingo Rocks – Albany Fraser Province

Magnetic Image

• Located within Albany Fraser Province close to margin with Archaean Yilgarn Craton

• Prospective geology largely obscured by transported cover

• Previous exploration largely restricted to near surface geochemical sampling and limited drilling along tracks

• Multiple magnetic highs interpreted to indicate mafic/ultramafic units

Minerals 260 Limited 16

• Located within Murchison Province of Archaean Yilgarn Craton

• Regional magnetic data indicate greenstone lithologies prospective for gold and base metals

• No previous recorded exploration

16

Yalwest – Murchison Province

Magnetic Image

Minerals 260 Limited 17

Strategic land position in emerging Julimar Mineral ProvinceEarly drill success confirms potential for one or more significant discoveries Drill ready targets – Angepena drilling program scheduled late October 2021Key Land Access Agreements in placeLargely unexploredHighly successful management, with proven track record of commercial discoveriesMining friendly jurisdiction

Investment Case

Minerals 260 Limited 18

Thank You

For more information please visit www.minerals260.com.au or call:

Clint McGhieCompany SecretaryT: +61 8 6556 6020info@minerals260.com.au

David RichardsManaging DirectorT: +61 8 6556 6020info@minerals260.com.au

ASX : MI6

“Licensed to Drill”