Slide 1: Essential Energy Conference
May 2025 Essential Energy Conference Building a significant East Coast energy resource September 2025
Slide 2: East Coast Gas & Energy Market – Charts
East Coast Gas & Energy Market – 3 Charts Southern states supply and STTM - Quarterly Prices ($/GJ)² Rystad: Curtis Island LNG Exports (mtpa) demand outlook (PJ), ‘26–’36¹ Unfullfilled Demand 30 Adelaide 28 400 6,500 jobs maintained Production 2P Undeveloped Brisbane Production 2P Developed Sydney 2
Slide 3: The Taroom Trough a Montney scale opportunity
The Taroom Trough a Montney scale opportunity The Montney Play in Canada ▪ The most commonly understood analogue for the Taroom Trough’s basin centred gas play is the Montney BCG play in Canada. ▪ The Montney has a similar three-phase (light oil - gas/condensate - dry gas) opportunity throughout its
Slide 4: The Taroom Trough - East Coast's Next Major Energy Supply
The Taroom Trough - East Coast’s Next Major Energy Supply 1. Proximity to Infrastructure & Markets Darwin o On the doorstep of the Wallumbilla Gas Hub (pricing point), and the deep and high-priced East Coast gas market (~3x Henry Hub¹) o Proximal to 25 mtpa of LNG capacity at Gladstone via multiple
Slide 5: Elixir has the largest position in the Taroom Trough
Elixir has the largest position in the Taroom Trough 1. Elixir has the largest acreage position in the Taroom Trough’s Basin Centred Gas play/ Tight Gas Sands, with >2,000km² or ~500,000 acres. 2. Acreage is geologically diversified across the Trough’s gas, gas-condensate and light oil plays. 3. Int
Slide 6: Highly leveraged to Shell's success
Highly leveraged to Shell’s success Dunk-1 (D1) Log ▪ To date Shell has appraised the Western Taroom Trough drilling the ▪ Drilled 2014 vertically by QGC Tinowon ‘Dunk’ Sands. ▪ Light & heavy chromatography response on mud gas in Tinowon / ▪ Both Dunk-5 and Bathurst-5 were Dunk sands (condensate-ric
Slide 7: Tinowon 'Dunk' Reservoir – searching for sweet spots
Tinowon ‘Dunk’ Reservoir – searching for sweet spots Spectral Decomposition Absolute Minimum Seismic Amplitude of Tinowon Sandstone ▪ Shell‘s Overston 3D is the only current high-resolution dataset over the Taroom Trough Basin Centred Gas Play. ▪ The Tinowon ‘Dunk’ Sandstone can be imaged which has
Slide 8: Lorelle-3 - a positive geophysical response
Lorelle-3 - a positive geophysical response Dunk-1 Overston-1 Overston-2 Lorelle-3 Tinowon ‘Dunk’ Package Tinowon ‘Dunk’ Package Dunk-1 Overston-1 Overston-2 ▪ The quality of Shell’s Tinowon (Dunk) reservoir intersections correlates with the strength of the seismic amplitude response. ▪ Elixir’s Lor
Slide 9: ATP 2056: Lorelle-3
ATP 2056: Lorelle-3 ▪ L3 is planned to be drilled down to 3,600m targeting Tinowon ‘Dunk’ Sands as the primary target and the Overston and Lorelle Sands as the secondary targets. ▪ The primary target can be mapped at Lorelle-3 (L3) at similar depths to Shell’s Dunk/Bathurst wells. ▪ L3 sits on an ex
Slide 10: ATP 2077 D: Diona-1
ATP 2077 D: Diona-1 Spudding in late-September 72150 73150 74150 0 0 0 Waggamba ▪ Elixir fully carried by Xstate Resources for the drilling of Diona-1. 6947600 6947600 Gas Pipeline ▪ Target is a four-way dip closed anticlinal structure at Showgrounds, Diona-1 Tinowon and Wallabella Sandstone levels.
Slide 11: www.elixirenergy.com.au
Elixir’s Daydream-2 flow test Sept 2024 1 Largest position in the exciting Taroom Trough Strong strategic plan with ability to participate in the 2 rising tide 3 A catalytic 6 months with drilling at Diona & Lorelle 4 Well funded with $10.4m in cash / receivables at Q2/25 Stuart Nicholls www.elixire
Slide 12: Appendix: Resource Information
Appendix: Resource Information The totals are based on arithmetic aggregation of reservoir estimates. 8. Contingent resource assessments in this release were estimated using probabilistic methods in accordance with 2018 PRMS SPE-PRMS standards. 9. The data used to compile the independent contingent