Slide 1: A unique gold opportunity
For personal use only A unique gold opportunity Existing infrastructure. High-grade gold. Significant exploration upside. August 2026 | ASX: ELK 9/08/2026
Slide 2: Important Notice: Disclaimer
Important Notice Disclaimer This presentation has been prepared and issued by Elk Range Mining Limited (Elk Range or Company) to provide general information about the Company on the basis that you agree in favour of the Company, its directors, officers, employees, agents, advisors and consultants (t
Slide 3: Important Notice: U.S. securities law restrictions
Important Notice U.S. securities law restrictions 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
Slide 4: Successfully Listed on the ASX
Successfully Listed on the ASX The beginning of an exciting new chapter as a publicly listed gold explorer For personal use only ASX Code: ELK Raised max subscription of A$10m (IPO July 2026) Commenced trading 10 August 2026 Focused on delivering value for shareholders Strong balance sheet to execut
Slide 5: Why invest in Elk Range?
Why invest in Elk Range? District-scale opportunity | Existing infrastructure | High-grade gold | Tier 1 jurisdiction For personal use only Proven gold district Existing infrastructure High-grade potential Located within the prolific Underground mine development Historical drilling results confirm O
Slide 6: Corporate Overview
Corporate Overview A$25.2 A$14.8M Corporate Snapshot For personal use only Market Cap Enterprise ASX Code ELK Value Shares on Issue 126.1m Unlisted Options 6.0m Performance Rights 17.0m Share Register1 Cash at Admission 10.4m Endomines Market Capitalisation2 A$25.2m 9.95% Enterprise Value2 A$14.8m D
Slide 7: Upcoming Catalysts
Upcoming Catalysts A clear pathway of value creation through disciplined exploration and consistent newsflow AUGUST 2026 Q3 2026 Q4 2026 For personal use only Final drilling preparations Commencement of maiden Initial drill assay results1 drilling programme at Friday Gold Mine Drill rig mobilisation
Slide 8: Experienced Board & Management Team
Experienced Board & Management Team Extensive experience in all aspects of gold exploration, development and mining Prior experience in operating and project execution in the US Proven track record of delivery across multiple businesses For personal use only Existing US site management runni
Slide 9: District-Scale Gold Project in Idaho
District-Scale Gold Project in Idaho High-grade gold system with existing mining infrastructure and significant exploration upside. The Idaho Gold Project (“IGP”) contains high grade For personal use only gold deposits with significant potential for resource growth District-scale gold project centre
Slide 10: Our Strategy
Our Strategy We plan to take a modern and Australian approach to asset development in this region Previous owners of these assets have progressed development on a small-scale basis For personal use only There has been little focused exploration for ~20 years The region hasn’t seen any substantial co
Slide 11: Idaho: A Premier Jurisdiction for Mining
Idaho: A Premier Jurisdiction for Mining A proven mining jurisdiction with established infrastructure, a skilled workforce and a supportive permitting framework. TIER 1 JURISDICTION For personal use only One of the most attractive mining jurisdictions in the US PROVEN PERMITTING FRAMEWORK Clear and
Slide 12: The Idaho Gold Project
For personal use only The Idaho Gold Project Historic gold project with limited exploration 12
Slide 13: Idaho Gold Project
Idaho Gold Project Situated on the prolific Orogrande Shear Zone in Idaho “The Orogrande Shear Zone is a For personal use only district scale opportunity with Buffalo Gulch Deposit numerous gold deposits and • Known surface oxide significant room for further mineralisation. discovery, plus strong po
Slide 14: Friday Gold Mine: A Proven High-Grade Gold System
Friday Gold Mine: A Proven High-Grade Gold System Existing underground mine, existing infrastructure and a high-grade gold system with significant exploration upside. Fully permitted underground gold mine and processing facility located 15km For personal use only southwest of Elk City, Idaho Situate
Slide 15: Friday is a Large Gold System
Friday is a Large Gold System Drill assay highlights show a large system and high-grade plunging shoot, with potential for repetition (uncut, oblique) PFR2014_06 110.3m @ 5.43 g/t Au For personal use only PZ052 incl 7.8m @ 25.61 g/t Au 12.2m @ 2.78 g/t Au and 5.3m @ 26.54 g/t Au PFR2011_18 and 18.3m
Slide 16: Data Confirms Scale Potential at Friday
Data Confirms Scale Potential at Friday Despite poor levels of recent data, soil sampling and mapping confirms a large-scale gold system is present Since 2010 there has been extensive geochemical soil For personal use only sampling and district scale geophysical surveys across the three properties.
Slide 17: Some Incredible Walk-up Targets to Test
Some Incredible Walk-up Targets to Test Limited modern exploration has been undertaken at Friday… Many high-order targets to test with modern exploration Soil sampling For personal use only Soil sampling is very effective tool for targeting Large area of very poorly tested gold in soil anomalism in
Slide 18: Orogrande Processing Plant Site Layout
Orogrande Processing Plant Site Layout We have acquired significant infrastructure, including mining equipment, spares, an assay lab and much more For personal use only Haul trucks on site Long-hole drill rig on site Processing Site Layout 18
Slide 19: Orogrande Processing Plant
Orogrande Processing Plant For personal use only The processing infrastructure is in good condition & well maintained Contained within a shed for protection from the elements 19
Slide 20: Significant Infrastructure Advantage
Significant Infrastructure Advantage We have the capacity to use the assay lab on site to expedite processing of exploration information For personal use only Portal & Decline On-site assay laboratory All winter access roads 20
Slide 21: District Growth Strategy
For personal use only District Growth Strategy Buffalo Gulch and Deadwood show prospectivity, however we will also be aggressive in regional M&A 21
Slide 22: Buffalo Gulch & Deadwood
Buffalo Gulch & Deadwood Two large / lower-grade systems that have been significantly under-explored Buffalo Gulch and Deadwood are located approximately 2-3km apart, and both sit For personal use only within the Orogrande Shear Zone Buffalo Gulch: Extensive known surface oxide mineralisation. Signi
Slide 23: Buffalo Gulch
Buffalo Gulch A large and lower-grade deposit which has great prospectivity for significant resource Buffalo Gulch has historically been progressed on a small-scale basis with a focus on heap leaching. For personal use only Mineralisation from surface, prior drilling only 50-100m deep, with only 6 h
Slide 24: Buffalo Gulch Upside
Buffalo Gulch Upside Potential for deeper sulphide resources in addition to along-strike oxide mineralisation OXIDE For personal use only MINERALISATION UNTESTED OPEN SULPHIDE TARGET Majority of known mineralisation sits in the oxide zone, with very little drilling into deeper sulphide zone that is
Slide 25: Deadwood
Deadwood Drilled to ~150m depth currently, with significant potential to extend along strike and at depth Deadwood project history is closely aligned For personal use only with the neighbouring Friday and Buffalo Gulch projects Bema commenced drilling between 1985- 1990 before the acquisition of all
Slide 26: Investment Highlights
Investment Highlights Proven Large Substantial existing mineral endowment within a large gold system, with high-grade core For personal use only System Underexplored Limited exploration in the last two decades, little or no use of modern exploration techniques Region Modern We aim to grow resources
Slide 27: Key Risks
For personal use only Key Risks Annexure 27
Slide 28: Key Risks
Key Risks As with any securities investment, there are risks involved. The following Asset Purchase and Sale Agreement. identifies the major areas of risk associated with an investment in the Title, tenure and permit risk Company but should not be taken as an exhaustive list of the potential risk Mi
Slide 29: Key Risks
Key Risks Growth strategies risk standards or government policy may adversely affect the Company’s The Company’s future growth strategy includes exploration activities, operations, financial position or future development activities. technical studies, potential Mineral Resource growth and evaluatio
Slide 30: Elk Range Mining Investor Relations
For personal use only Elk Range Mining Investor Relations Edward Keys Leanne Kite Chief Executive Officer Executive Director Phone: +61 499 699 874 Phone: +61 401 438 850 Email: edward@elkrange.com.au Email: leanne@elkrange.com.au