D3 Energy Limited · ASX:D3E
D3 Energy — Investor Presentation (May 2026)
31 slides from D3 Energy's investor presentation, May 2026
Slide 1: Investor Update
Investor Update (ASX:D3E) & (OTCQX:DNRGF) Energy & Helium for the 21st Century May 2026 d3energy.com.au
Slide 2: Who is D3 Energy?
Who is D3 Energy? d3energy.com.au | 2
Slide 3: The Team - Leadership with a Legacy of Success
The Team - Leadership with a Legacy of Success Board and Management have demonstrated ability to: Identify and develop high-potential energy assets Attract institutional capital Drive strategic growth Deliver successful outcomes for shareholders Built and Sold Leading Energy Companies: • Eastern Sta
Slide 4: The Company - Corporate Snapshot
The Company - Corporate Snapshot (ASX:D3E) & (OTCQX:DNRGF) Major Shareholders (as of 12th May 2026) 151.1m $0.395 Shares on issue Share price (@ 12 May 2026) $59.68m $8.10m Market Cap Cash (31 Mar 2026) Enterprise Value (EV) $51.58m • Listed ASX 13th May 2024 • Listed OTC 5th Nov 2024 • Helium and n
Slide 5: 12 months of delivery…
12 months of delivery… • Production testing confirms unique reservoir characteristics and consistent world class helium concentrations of up to 7% • Maiden Reserves certification in record time • Production right application – 12 months ahead of schedule & under budget • Acquisition of 1,450,000 acr
Slide 6: So, what is Helium and what's it used for?
So, what is Helium and what’s it used for? d3energy.com.au | 6
Slide 7: What is it?
What is it? • Helium was first detected in 1868 as a bright yellow spectral line in sunlight by astronomer's Pierre Janssen and Norman Lockyer • It was discovered on Earth 26 years later Helium is ONLY generated by natural radioactive decay of Uranium and Thorium and while being the second most abun
Slide 8: Helium – What's it used for?
Helium – What’s it used for? Source: Akap Energy (Feb 2024) Helium is a critical resource for the 21st Century d3energy.com.au | 8
Slide 9: Global Helium supply and demand
Global Helium supply and demand 4th July 2025 7th July 2025 Current and Projected Helium Demand Source: Akap Energy (Feb 2024) • Current demand growth of around 5-6% and likely to double by 2035 • Total market expected to grow from 6.5BCF to just over 8BCF in 2030 Helium is critical for our hi-tech
Slide 10: Fragile supply chain highlights need for new helium sources
Fragile supply chain highlights need for new helium sources Up to a 5 year structural supply deficit due to damage at Qatar Energy’s Ras Laffan Train 6 will see significant demand pressure and higher prices for the foreseeable future… d3energy.com.au | 10
Slide 11: D3 Energy ideally placed geographically & geopolitically
D3 Energy ideally placed geographically & geopolitically Worldwide Helium Production by Supply Source (mmcf/y) Market Implication • Helium supply remains highly concentrated and structurally fragile • LNG related disruptions can quickly tighten global supply • New helium provinces outside of Middle
Slide 12: Portfolio
Portfolio d3energy.com.au | 12
Slide 13: South African Assets – Free State
South African Assets – Free State • Six permit areas totalling 478,699 acres in the Free State South Africa • A unique geological history 2 billion years in the making has created a truly exceptional opportunity • The end result is a world class helium and biogenic methane province with evidence of
Slide 14: Exploration Right 315 (ER315)
Exploration Right 315 (ER315) d3energy.com.au | 14
Slide 15: ER315 – Excellent initial results
ER315 – Excellent initial results • Measured helium concentrations of 4.7% to 6.2% confirm world class potential – helium concentrations of less than 1% commercial elsewhere • Well’s free flow gas to surface – negligible pressure, no produced water, no downhole equipment…NO ISSUES! • Legacy borehole
Slide 16: A truly unique reservoir…
A truly unique reservoir… RBD03 Production Testing June 2025 August 2024 • Higher pressure and flow rates after being shutin for 12 months can only imply continual recharge of helium and biogenic methane at depth The result of re-testing more than 12 months apart is the paradox of HIGHER NOT LOWER r
Slide 17: ER315 – Flow test results
ER315 – Flow test results • Excellent flow rates measured in new and legacy gold exploration boreholes • Peak gas rate for RBD10 of 310msfcd • Measured permeability and interference between wells in all tests indicates very good reservoir quality and connectivity • Legacy boreholes that have been fl
Slide 18: Maiden Reserve Certification & Resource Upgrade
Maiden Reserve Certification & Resource Upgrade • Reserves ONLY for part of Production Right application (PRA) area • Does not take into account the Ventersberg Fault or any additional faults in between where gas is currently flowing from legacy gold exploration boreholes Reserve (BCF) 1P 2P 3P Gros
Slide 19: Low cost – high return wells
Low cost – high return wells • High helium concentrations at current gas rates = high potential well profitability • Methane is a valuable commodity in its own right in energy starved South Africa • Wellhead (no processing) payback periods of months, not years! Bloemskraal 100msfd (4.4% helium) well
Slide 20: South Australian Assets
South Australian Assets d3energy.com.au | 20
Slide 21: Australian Assets – "Conventional" Helium & Hydrogen
Australian Assets – “Conventional” Helium & Hydrogen Arckaringa Basin – PEL 121 & 122 (5,865 km2 /1,450,000 acres) Source • World’s largest Uranium deposit at Olympic Dam “next door” • Mapped basement faults are ideal for serpentinization and hydrogen production Reservoir • Heavitree Sandstone is an
Slide 22: PEL121 – Drill Ready Prospect
PEL121 – Drill Ready Prospect Hydrohelix-1 • Analogous Mt Kitty-1 measured 9% Helium and 11% Hydrogen • Previous wells in Arckaringa have NOT drilled below salt • To date 2 prospects and 9 leads have been identified on available seismic data Hydrohelix - Line 85-XQC The Hydrohelix (HL) prospect shar
Slide 23: D3 Energy is not just about Helium!
D3 Energy is not just about Helium! d3energy.com.au | 23
Slide 24: It's not just Helium…and South Africa needs it
It’s not just Helium…and South Africa needs it • ER315 and adjacent permits also have significant prospectivity for deep basin biogenic gas (methane) • South Africa currently imports gas via pipeline from the Pande & Temane fields in Mozambique with significant and growing shortfalls announced from
Slide 25: Natural Hydrogen Proposition…South Australia
Natural Hydrogen Proposition…South Australia Hydrogen seeping from Mt Chimaera in Turkey Some of the largest companies in the world are investing in South Australia’s emerging hydrogen industry… d3energy.com.au | 25
Slide 26: D3 has established strategic partnerships
D3 has established strategic partnerships d3energy.com.au | 26
Slide 27: NOVO Energy – Resources to RESERVES
NOVO Energy – Resources to RESERVES • NOVO Energy (NOVO) is an integrated South African energy and technology company and licensed gas trader and major D3 Energy shareholder. NOVO has a focus on: • Procurement and development of methane rich gas sources • Establishment and ownership of gas infrastru
Slide 28: Catalysts…
Catalysts… d3energy.com.au | 28
Slide 29: The next 12 months?
The next 12 months? • Submission and acceptance of Production Right application (PRA) • Contingent Resource upgrade to incorporate ER386 • Prospective Resource for PEL 121 - Hydrohelix Prospect • Granting of Strategic Integrated Project (SIP) status • Potential JV partner for PEL 121 & 122 • Gas sal
Slide 30: Disclaimer
Disclaimer This document provides summary information about D3 Energy Limited (ACN 649 276 808) (D3 Energy or the Company) current as at the date of this presentation. This document has been prepared for information purposes only This document is not, and should not be considered as, an offer or an
Slide 31: d3energy.com.au
d3energy.com.au Tel: +61 2 8072 1400 Email: admin@d3energy.com.au Web: www.d3energy.com.au