Macallum New Energy Limited · ASX:MNE
Macallum New Energy — Investor Presentation (February 2026)
23 slides from Macallum New Energy's investor presentation, Feb 27, 2026
Slide 1: Exploring the Perth Basin to meet the energy needs of Western Australia
ASX:MNE For personal use only Exploring the Perth Basin to meet the energy needs of Western Australia 27th February 2026
Slide 2: Disclaimer
Disclaimer Not an offer of securities This document has been independently prepared by Macallum New Energy Limited (MNE) and is provided for informational purposes only. This document does not constitute or contain an offer, invitation, solicitation or recommendation with respect to the purchase or
Slide 3: Company Introduction
Company Introduction • Macallum New Energy Ltd (MNE) is an early- stage exploration company with a mission to For personal use only provide energy to West Australians • With a commanding exploration position in the onshore Perth Basin, MNE is well advanced in its plans to explore for natural gas to
Slide 4: Why Macallum New Energy? Right Team, Right Location
Why Macallum New Energy ? Right Team, Right Location • A rare opportunity to participate in the multi-Tcf Perth Basin Kingia gas play where most positions are held by unlisted companies. For personal use only Adjacent permits held by Hancock Energy & Mineral Resources • Experienced board & managemen
Slide 5: Board & Management
For personal use only Board & Management Company Secretary MACALLUM NEW ENERGY (ASX:MNE) 5
Slide 6: IPO Summary
IPO Summary MNE has completed a highly successful IPO For personal use only IPO Summary Detail Capital Raised A$7.4 million ASX Listing Date Wednesday 25th February 2026 IPO Price A$0.20 Shares on issue 139,823,347 Market Cap at Listing A$27.96 million Lead Manager GBA Capital Pty Ltd MACALLUM NEW E
Slide 7: WA Gas Market Opportunity
WA Gas Market Opportunity • Recent production issues from the market has reduced forecast supply, with For personal use only a long-term shortfall projected from 2030 • State-owned coal power stations on track to be retired by 2030 • Willingness from WA government to allow gas exports for onshore ga
Slide 8: Near-term Strategy
Near-term Strategy Three phases to drive shareholder returns For personal use only 1 2 3 Complete 3D Seismic Enhance Prospect Definition Seek Joint Venture Partners Complete 3D seismic on time and on budget while maintaining a positive relationship with all Validate the Direct Hydrocarbon Indicators
Slide 9: The North Perth Basin
The North Perth Basin A world-class hydrocarbon location • 7 commercial discoveries since 2015 (1,360 Bscf 2C Resource1) For personal use only • 5 field developments underway • ~$2.5B AUD in corporate activity • Perth Basin a hotbed of drilling. Proportion of Perth Basin Wells as % of all onshore we
Slide 10: Regional Infrastructure
Regional Infrastructure Macallum’s projects are close to existing infrastructure • Within 25km of two major gas pipelines with spare capacity serving For personal use only Perth residential and industrial consumers: • Dampier-Bunbury Natural Gas Pipeline (DBNGP). 26” Pipeline with overall capacity >
Slide 11: EP-494 Prospective Resources
EP-494 Prospective Resources Summary of unrisked prospective resources (prospects & leads, gas recoverable) in EP-494 • Barberton Terrace Deep (BTD) : Drill-ready Kingia prospect For personal use only • Large un-drilled Permian structures identified and matured in onshore Western Australia with a ma
Slide 12: Barberton Terrace Deep Prospect
Barberton Terrace Deep Prospect Large undrilled Kingia prospect in the Perth Basin Age Formation Petroleum System Elements Fields Mapped Horizons Regional Top Yarragadee • Large 3-way closure in the prolific early Permian Kingia play Yarragadee Fm ○Warro Regional Intra Yarragadee For personal use on
Slide 13: Barberton Terrace Deep-1 (Proposed)
Barberton Terrace Deep-1 (Proposed) Interpreted horizons and faults (Mogumber North 2D Seismic Survey 2022) For personal use only MMN22-09 Kingia Fm W Leederville and Parmelia E Time Map Leederville and Parmelia Top Lesueur Yarragadee Yarragadee Intra Yarragadee MMN22-09 Intra Yarragadee Cattamarra
Slide 14: Seismic comparison to analogues
Seismic comparison to analogues BTD-1 drill location with analogue Perth Basin discoveries (Mogumber North 2D Seismic Survey 2022) For personal use only Kingia Fm Kingia Fm *BTD-1 Beharra Spring West Lockyer *BTD-1 Cross Line Deep-1 Erregulla-2 Deep-1 Drill Line MACALLUM NEW ENERGY (ASX:MNE) 14
Slide 15: Perth Basin Discovery Analogues
For personal use only Perth Basin Discovery Analogues Comparable North Perth Basin discovery wells MACALLUM NEW ENERGY (ASX:MNE) 15
Slide 16: Perth Basin Jurassic Play
Perth Basin Jurassic Play Revitalising a successful historical play • Well established play type with multiple fields and wells throughout the For personal use only basin including: • Mount Horner (1965) • Bootine 1 (1981) • Gingin (1965) • North Yardanogo 1 (1990) • Erregulla 1 (1966) • Ocean Hill
Slide 17: Gadee Prospect Seismic Flat spot
Gadee Prospect Seismic Flat spot Seismic response indicates a potential ~ 100m (100msec) gas column For personal use only (Mogumber North 2D Seismic Survey 2022) Gas sand Wet sand - - - - - Gas/water contact MACALLUM NEW ENERGY (ASX:MNE) 17
Slide 18: Yarra Prospect Seismic Flat Spot
Yarra Prospect Seismic Flat Spot Potential ~ 100m (100msec) gas column (Mogumber North 2D Seismic Survey 2022) For personal use only MACALLUM NEW ENERGY (ASX:MNE) 18
Slide 19: Near-term Catalysts
For personal use only Near-term Catalysts March-April 2026 August 2026 Q3 2026 Q3 2027 Barberton 3D and Seismic processing Commence Targeting drilling of Condor 2D seismic and reprocessing process to find JV 2 wells in BTD-1 and surveys to better leading to new partner for drilling a Jurassic target
Slide 20: Barberton 3D Seismic Survey
Barberton 3D Seismic Survey Innovative 3D seismic survey to image Jurassic targets • 94 km2 3D seismic survey scheduled to commence in March 2026 For personal use only • 3D seismic is industry best practice - all recent Perth Basin discoveries have been made on 3D seismic • 3D seismic reduces explor
Slide 21: Condor 2D Seismic Survey
Condor 2D Seismic Survey Condor 2D seismic survey to mature Condor Jurassic lead For personal use only • 82 line km using low-impact Geopulse source covers permits EP-511 and part of EP-494 • Fulfills 25km minimum work commitment for year 3 in EP-511 • To be completed directly after Barberton 3D sur
Slide 22: Upside Potential & New Energy
Upside Potential & New Energy Conventional gas upside, helium and natural hydrogen potential For personal use only 1 3 2 4 MACALLUM NEW ENERGY (ASX:MNE) 22
Slide 23: Contact
ASX:MNE For personal use only Contact Phone: 08 6245 9867 Email: enquiry@macnewenergy.com.au www.MacNewEnergy.com.au
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