Elton Resources Corp. · TSXV:DBAY
Elton Resources — Investor Presentation (October 2026)
33 slides from Elton Resources's investor presentation, Oct 1, 2026
Slide 1: Darnley Bay Project
TSX.V: DBAY Darnley Bay Project Targeting the World’s Largest Land-Based Gravity Anomaly Corporate Presentation October 2026
Slide 2: Cautionary Disclaimers
CAUTIONARY DISCLAIMERS This presentation dated for reference October 1, 2026 (the “Presentation”) provides results may be materially different from what it expects, and you should not rely on development plans and objectives, timelines for the achievement of certain certain general background inform
Slide 3: Cautionary Disclaimers
CAUTIONARY DISCLAIMERS Although the Company believes that the assumptions underlying forward-looking qualified in their entirety by this cautionary statement. The Company disclaims any United States Cautionary Language statements are reasonable, they may prove to be incorrect and the Company obligat
Slide 4: Project Overview
PROJECT OVERVIEW Corporate Strategy Completed Signed Binding Agreement with Generation Mining Limited to acquire the right to explore the Darnley Bay project1 Completed Signed Concession Agreement with the Inuvialuit Regional Corporation2 Completed Paulatuk, Northwest Territories Completed financing
Slide 5: Management
MANAGEMENT Carson Phillips, M.Eng. Kia Russell Chief Executive Officer & Director Chief Financial Officer & Corporate Secretary Carson Phillips is an executive with over fifteen years of Ms. Russell has a background in corporate finance experience in the mining sector. He was also an initial spannin
Slide 6: Directors
DIRECTORS Michael Galego Frederic Leigh Jr. Jasvir Kaloti Director Director Director Mr. Galego is an executive, lawyer and Mr. Leigh is the principal of a private British Ms. Kaloti has an extensive background in corporate director with extensive M&A and Columbia company providing fundraising, corp
Slide 7: Advisors
ADVISORS Kevin Stevens, P.Geo. Alan King, B.Sc., M.Sc. Geophysicist Geophysicist Mr. Stevens, a seasoned geoscientist with over 25 years of Alan received a B.Sc. in geology from the University of Toronto in experience, has played a key role in discovering 14 mineral 1976 and an M.Sc. in geophysics f
Slide 8: Project Location
PROJECT LOCATION Situated in proximity to the hamlet of Paulatuk on the mainland, approximately 387 km east of Inuvik along the Arctic coast, the project is positioned within the Inuvialuit Settlement Region ("ISR"). The ISR, established in 1984 through the Inuvialuit Final Agreement by the Governme
Slide 9: Darnley Bay Gravity & Magnetic Anomaly
DARNLEY BAY GRAVITY & MAGNETIC ANOMALY Strong Land Based Discrete Gravity Anomaly at 132 Milligals (“mGal”)4 5 Darnley Bay 132 Sudbury Basin 30 Noril’sk 25 Bushveld Complex 80 Olympic Dam 17 0 35 70 105 140 Source: Generation Mining Corporate Presentation, March 2019 100 × 60 km Gravity Anomaly A sp
Slide 10: Project History
PROJECT HISTORY 1954 – 1969 1993 – 2010 2015 – Present 1954 In 1954, International Nickel Limited overflew the Paulatuk area and noted a significant deviation in the aircraft’s compass. Darnley Bay 1969 Discovered in 1969 by Geological Survey of Canada (the “GSC”) during a regional survey. In 1973,
Slide 11: Project History
PROJECT HISTORY 1954 – 1969 1993 – 2010 2015 – Present 1993 1994 2000 2010 Darnley Bay Resources In 1994 a report was completed by the In 2000, DBR drilled a In 2010, exploration Limited (“DBR”) was GSC which suggested that the vertical drill hole which continued with three drill formed in 1993 to e
Slide 12: Project History
PROJECT HISTORY 1954 – 1969 1993 – 2010 2015 – Present 2015 2018 2022 In 2015, the GSC completed a A number of additional In December 2022 Elton Magnetotelluric (“MT”) survey geophysical programs between Resources signed a Binding across the Brock Inlier and the 2013 and 2018 were completed by Agree
Slide 13: Results + Analysis
RESULTS + ANALYSIS MT Resistivity / Depth Profile The Results and Analysis of the MT Data Identified: Source of Darnley Bay Anomaly A located at a depth of 10 to 13 kilometers below the Earth's surface. 4 large conductive MT anomaly B locations (drill targets) ranging from 750-1200 meters in depth.
Slide 14: 2018 MT Survey
2018 MT SURVEY Paulatuk A total of 116 MT, deep searching geophysical soundings, were collected on the Darnley Bay Hornaday River property, over a 40 x 50 km area, blanketing the Darnley Bay geophysical anomaly. Rueben Lake Target Area Analysis of the MT data has indicated four large Target Areas. H
Slide 15: Drill Program
DRILL PROGRAM Interpreted MT Resistivity Section / Drill Targets SW → NE 5,000 Target Target Target m Planned drill program Elton Resources plans to complete a 5,000-meter drill program to test the four main Target Areas. Source: Company Produced Image 15
Slide 16: Exploration Plan
EXPLORATION PLAN Elton Will Complete an Exploration Drill Campaign: Complete 5,000-meter exploration drill campaign which will consist of four drill holes testing separate targets. 5,000 m 4 10 Drill campaign Drill holes Targets Hornaday River Four broad target areas (blue areas) are the companies p
Slide 17: P5 Drill Target
P5 DRILL TARGET Airborne Magnetic & Gravity Derivative Profiles Rueben Lake Target Area Magnetic and gravity peak coincide with MT anomaly which represent our Priority Target. Drill hole P5 will test the Priority Target in the Rueben Lake area. MT image highlights the various basin layers and deep m
Slide 18: P8 & P2 Drill Target
P8 & P2 DRILL TARGET Central & Hornaday River Target Areas Airborne Magnetic & Gravity Derivative Profiles Magnetic and gravity peak coincide with MT anomalies which represent our Priority Targets. Drill holes P8 & P2 will test both Priority Targets in the Central and Hornaday River area. MT image h
Slide 19: Geology Overview
GEOLOGY OVERVIEW Sedimentry rocks are of the Shaler Supergroup, which had been deposited in a broad shallow sea called the Amundsen basin. 2015 The most comprehensive description of the geology of the region, as well as the mineral potential, is provided by a GSC report authored by Jefferson et al (
Slide 20: Deposit Model
DEPOSIT MODEL Carbonate rocks Clastic sedimentary rocks; Clastic sedimentary rocks; Alkalic-felsic plutons Deposit Analogues7 reducing burial diagenesis oxidizing burial diagenesis Oceanic crust; tholeiitic mafic rocks Continental crust Mantle; ultramafic rocks Target style Epicontinental Far-Field
Slide 21: Norilsk Comparison
NORILSK COMPARISON MT Resistivity / Depth Profile Crustal Geological Model8 vs Source: Elton Resources NI 43-101 Technical Report, August 2024 Source: BHP Billiton Ni-PGM Workshop Presentation, October 2022 All intrusions are fed from a magma chamber at mid- Layered intrusions have no significant ve
Slide 22: Typical Shapes of Norilsk Ore Bodies
TYPICAL SHAPES OF NORILSK ORE BODIES Norilsk Ore bodies at Norilsk are large and high grade. TALNAKH Ore bodies 1–12 Massive sulfide mineralization at Norilsk up to 50 metres in thickness9. Massive sulphide ore10 20.470 Mt KHARAELAKH Ore bodies 13–23 4.23 % 5.83 % 12.95 g/t Ni Cu Pd NORILSK Ore bodi
Slide 23: Olympic Dam Comparison
OLYMPIC DAM COMPARISON MT Resistivity / Depth Profile MT Resistivity / Depth Profile vs Source: Elton Resources NI 43-101 Technical Report, August 2024 Olympic Dam The “Hand of God” MT conductor connecting C3 in the mantle to Olympic Dam (OD)8. Source: Elton Resources NI 43-101 Technical Report, Aug
Slide 24: Giant Deposits Come from Giant Systems
DEPOSIT MODEL Giant Deposits Come Bougeur Gravity and MT profile from Giant Systems The same types of geologic features in the Darnley Bay basin are also found in prospective Rifted Basin Environments: Thick sedimentary layers Faults and structures Irregular basement Intrusive rocks surface A wide v
Slide 25: Darnley Bay Comparables
DARNLEY BAY COMPARABLES Gravity Anomaly Deposit Milligals ("mGal") Mine Resource Tonnage Commodity Grade Market Cap/Takeout Notes Darnley Bay is the strongest land based gravity anomaly in Darnley Bay 132 mGal Darnley Bay Ni, Cu, PGE the world measuring 100 x 60 kilometres. The project also Canada h
Slide 26: Highlights
HIGHLIGHTS Strong Land Based Gravity Unparalleled Risk Anomaly Reward Multiple 132 mGal 132 milligals (“mGAL”) gravity anomaly measuring 100 x 60 km. Each of the 4 drill targets is larger than one square kilometer. Gravity anomaly 100 × 60 km Advanced Exploration Single Asset Anomaly footprint Proje
Slide 27: Commitment to the Community of Paulatuk
COMMITMENT TO THE COMMUNITY OF PAULATUK Employment Opportunities Hire local residents to create new employment opportunities for the people of Paulatuk. Educate and train residents towards skilled jobs. Community Investment Support initiatives in Paulatuk that enhance the well-being of the entire co
Slide 28: Commitment to the Community of Paulatuk
COMMITMENT TO THE COMMUNITY OF PAULATUK Environmental Exemplifying rigorous environmental standards across every stage of the mining process: 1 Exploration 2 Discovery 3 Development (Construction) 4 Production 5 Reclamation 28
Slide 29: Contact
Contact Contact Carson Phillips Email cphillips@eltonresources.com Cell +1-604-657-5871
Slide 30: Statutory Rights of Action
STATUTORY RIGHTS OF ACTION This Presentation may be considered an offering memorandum thereby addition to and without derogation from any other right or remedy that a amount recoverable in any action exceed the price at which the securities granting the potential purchasers statutory rights and cont
Slide 31: Statutory Rights of Action
STATUTORY RIGHTS OF ACTION Rights for Purchasers in Manitoba purchase; and (ii) for damages later than the earlier of (A) 180 days after the Rights for Purchasers in Nova Scotia investor first had knowledge of the facts giving rise to the cause of action, and If an offering memorandum, together with
Slide 32: Statutory Rights of Action
STATUTORY RIGHTS OF ACTION Rights for Purchasers in Newfoundland and Labrador Rights for Purchasers in Prince Edward Island Under the securities legislation of Newfoundland and Labrador, a purchaser resident in The right of action for rescission or damages described herein is conferred by section Ne
Slide 33: Notes
NOTES 1 Note 1 2 Note 2 5 Note 5 Pursuant to an asset purchase agreement dated December 22, 2022 Pursuant to a concession agreement dated December 23, 2022, the The above figure is not intended to suggest that the Darnley Bay between Generation Mining Limited (“Generation”) and the Inuvialuit Land C
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