Polarx Ltd · ASX:PXX
Polarx — Investor Presentation (April 2026)
29 slides from Polarx's investor presentation, Apr 23, 2026
Slide 1: ASX Announcement: Company Presentation
ASX Announcement 23 April 2026 COMPANY PRESENTATION PolarX Limited (ASX:PXX) attaches a copy of its latest investor presentation. This announcement has been authorised for release by the Managing Director, Jason Berton. For further information contact: For personal use only Ian Cunningham Company Se
Slide 2: Advancing High-Grade Discoveries to Production
For personal use only ADVANCING HIGH-GRADE DISCOVERIES TO PRODUCTION A PRIL 202 6 ASX: PXX OTCQB: PXXXF www.polarx.com.au
Slide 3: Experienced management backed by strong investors
ASX PXX Experienced management backed by strong investors For personal use only Key Executives and Management: Mr. Mark Bojanjac (Executive Chairman) MKT CAP: ~ A$55M A Chartered Accountant with >30 years experience in the resource COMPANY CASH: ~A$2.81M* sector. Has led several successful mining de
Slide 4: USA focus
ASX PXX USA focus Advancing Alaska Range Mine Development: For personal use only Total JORC resource 11.2Mt; 269,375t Cu, 213,000oz Au and 3,131,000oz Ag. 2024 Scoping Study:A$625m pre-tax NPV, A$223m Capex, 74% IRR. 1.6-year payback. Stellar Property (100% PXX) • 4.0Mt @ 1.1% Cu + 1.6g/t Au + 12.6g
Slide 5: Alaska Funding: US$39M JV with Northern Star
ASX PXX Alaska Funding: US$39M (~A$60M) JV with Northern Star (NST) For personal use only Year $USm $Am % Earned (NST) @0.65 2025 5 7.7 15 2026 6 9.2 30 2027 8 12.3 50 2028 10 15.4 60 2029 10 15.4 70 Total 39 60 3
Slide 6: Alaska: USA's Mineral Frontier
ASX PXX Alaska: USA’s Mineral Frontier Bornite & Artic Trilogy Metals 202 .7 Mt@ 1 .4 6%Cu, For personal use only TIER 1 Geology: 46.7M t @ 2.11 % Cu , 0.56% Pb, 31.83 g/t Ag, One of the world’s great mineral provinces: 0.42 g /t Au • Over 40Moz Au mined to date • In the world’s most productive copp
Slide 7: Alaska Range: Existing Resources
ASX PXX Alaska Range: Existing Resources Alaska State Mining Claims) covering ~261km2 For personal use only Caribou Dome • JV Agreement at Caribou Dome (80% - earning to 100%) and Senator (90% - earning to 100%) • Massive sulphides remain open at depth and along strike • JORC resource of 7.2Mt @ 3.1
Slide 8: Caribou Dome: Hyper-grade Massive Sulphides
ASX PXX Caribou Dome: Hyper-grade Massive Sulphides For personal use only Assayed 13% Cu + 21.1 g/t Ag 6
Slide 9: Caribou Dome: Hyper-grade copper from surface
ASX PXX Caribou Dome: Hyper-grade copper from surface • 4-5% Copper from surface down to 300m For personal use only • Drill intersections over >800m strike-length • Open in all directions • Many un-tested 3D-IP and soil anomalies within 1km of resource • Only modelled to 300m depth • 2025 drill prog
Slide 10: 2025 Season at Alaska Range – Hyper-grade copper assays
ASX PXX 2025 Season at Alaska Range – Hyper-grade copper assays • 3,500km of new magnetics flown pre-drilling For personal use only • 2,300m diamond core drilled at Caribou Dome • Project mapping • New 3D mag inversion • 3DIP targets • Down hole EM 8
Slide 11: Zackly: 2km+ strike intercepts not yet in resource
ASX PXX Zackly: 2km+ strike intercepts not yet in resource Long-section View Looking toward the North For personal use only • 5km long skarn system with high-grade gold, Zackly Main Skarn 4Mt @ 1.1% Cu, 1.6g/t Au, 12.6g/t Ag copper and silver from surface and open to at Sub-vertical 1km strike-lengt
Slide 12: Alaska Range Mapping and Sampling
ASX PXX Alaska Range Mapping and Sampling • Total of 143 Rock Chip Samples For personal use only • 57 Thin Section Samples 10
Slide 13: Jupiter: Large Scale Strongly Magnetised Target
ASX PXX Jupiter: Large Scale Strongly Magnetised Target For personal use only Magnetite replacement Dacite intrusives Copper association Gemini ridgeline mapping identified chalcopyrite across wide zones Jupiter lies immediately north of Zackly 11
Slide 14: Stellar Property: Mars porphyry Cu-Au discovery
ASX PXX Stellar Property: Mars porphyry Cu-Au discovery For personal use only • Porphyry Cu-Au discovered in first (and only) drill hole 3-D drill hole plot showing increasing copper grade 9MAR001: 102m @ 0.22% Cu + 0.1g/t Au (magenta discs) once into the zone of potassic alteration below a 1200m x
Slide 15: Compelling 2024 Scoping Study
ASX PXX Compelling 2024 Scoping Study Caribou Dome & Zackly Combined: modelled prices USD 8,500/t Cu, USD 1,900/Oz Au, USD 25/Oz Ag Revenue Total EBITDA For personal use only Total JORC resource est. of 11.2Mt containing: US$1,491 M US$825 M 269,375t Copper, A$2,294 M ($0.65) A$1,269 M 213,000oz Gol
Slide 16: Metals Prices UP since 2024 Scoping Study
ASX PXX Metals Prices UP since 2024 Scoping Study For personal use only Jan 2024 price US$8,500/t US$1,900/oz US$25/oz Current price US$11,600/t US$4,250/oz US$58/oz +36 % +120% +130% Prices per COMEX 1 Dec 2025 14
Slide 17: NEVADA: Almost 75% of USA's Annual Gold Production
ASX PXX NEVADA: Almost 75% of USA’s Annual Gold Production For personal use only Source: Engineering and Mining Journal - May 2024 15
Slide 18: NEVADA: Humboldt Range
ASX PXX NEVADA: Humboldt Range High-grade Gold / Silver Project Highlights For personal use only • Nevada delivers +75% of USA’s annual gold production • The next ‘Carlin trend’ • Surrounded by active multi million-ounce gold and silver mines • 2 claim blocks: Black Canyon and Fourth of July • Very
Slide 19: Humboldt Range: Black Canyon Claims
ASX PXX Humboldt Range: Black Canyon Claims • Owned by same family since 1950 For personal use only Star Canyon • Limited exploration since mining ceased in 1927 9.1m @ 124.36 g/t Au, 48.6 g/t Ag • High-grade assays from previous rock-chip sampling of outcropping veins and grab sampling from the dum
Slide 20: Black Canyon: 3km anomaly next to 5Moz operating gold mine
ASX PXX Black Canyon: 3km anomaly - Next to 5Moz operating Gold Mine For personal use only GOLDEN STAIRCASE BC22-005: 9.1m @ 124.36 g/t Au, 48.6 g/t Ag 18 18
Slide 21: Black Canyon: Ridgeline RC Drill Results
ASX PXX BLACK CANYON: RIDGELINE RC DRILL RESULTS For personal use only • Ridgeline RC drilling • 800m strike length of 3.6km anomaly • Multiple broad gold intervals • Broad silver halo over entire anomaly • Mineralisation starts at surface • Tested to ~130m vertical depth • Remains open at depth and
Slide 22: Bulk tonnage mining potential
ASX PXX Bulk tonnage mining potential • Ridgeline 2025 RC assay results summary: For personal use only o Wide bulk mineable intercepts o Mineralisation open along strike and depth o High Gold grades compared to neighbouring mines o Very broad silver halo (~ 1g/t average) o Potential for very large-s
Slide 23: Bonanza gold veins in regional Rochester Rhyolite
ASX PXX Bonanza gold veins in regional ‘Rochester Rhyolite’ For personal use only FIRST DRILLING AT STAR CANYON • Bonanza grades in quartz veins seen in BC22-005 9.1m @ 124g/t Au + 49g/t Ag • Immediately overlies 73.2m @ 0.3g/t Au + 1.2g/t Ag • Lower grade mineralisation is in Rochester Rhyolite: si
Slide 24: Golden Staircase - Channel cut
ASX PXX Golden Staircase - Channel cut - 69m @1.1g/t gold and 7.65g/t Silver For personal use only 22
Slide 25: Fourth of July Claims – High-Grade Silver Dominates
ASX PXX Fourth of July Claims – High-Grade Silver Dominates For personal use only • Initial rock-chip assays confirm high grades of gold and silver in veins • Individual veins up to 700m long (e.g. Jackson Vein) • Unmined since 1920’s • Rochester style mineralisation 23
Slide 26: Humboldt Range – Recent Drilling
ASX PXX Humboldt Range – Recent Drilling • 100% PolarX For personal use only • A$5M Cash Raised in Sept 2025 • Significant gold & silver discovery along the Ridgeline target • 500m width and +800m strike open system • Follow-up RC program June • Drone mag survey • Mobile MT survey upcoming • Regiona
Slide 27: Catalyst Rich Year Ahead
ASX PXX Catalyst Rich Year Ahead For personal use only Activity Q1 2026 Q2 2026 Q3 2026 Q4 2026 Drill permitting Humboldt Range Mobile MT survey Drilling at Black Canyon Assay Results Caribou Dome Drilling Mobile MT and Alaska Range reconnaissance mapping Drill Assays and Sampling Results CD – resou
Slide 28: Cautionary Statements
ASX PXX Cautionary Statements This pre sen tation has bee n pre pared by Pola rX Limited (“the Company”) to assist in informing interested par ties abo ut the Company and its pro gress. It should not be considered as an offer or invitatio n to subscr ibe for or pur cha se any securities in the Compa
Slide 29: Highlights
For personal use only Highlights Tier 1 copper, gold and silver assets Alaska and Nevada = within world’s top mining precincts Top 50 shareholders own over 67% of PolarX ASX: PXX Northern Star Resources own 14%. www.polarx.com.au Mining Scoping Study combines Zackly and Caribou Dome = A$625m NPV (pr