Elixir Energy Limited · ASX:EXR
Elixir Energy — Shareholder Meeting (October 2025)
24 slides from Elixir Energy's shareholder meeting presentation, Oct 22, 2025
Slide 1: Annual General Meeting 2025
For personal use only May 2025 Annual General Meeting 2025 Building a significant East Coast energy resource 22nd October 2025
Slide 2: Welcome - The Board
WELCOME For personal use only The Board Richard Cottee Anna Sloboda Ex-MD QGC Stephen Kelemen Stuart Nicholls Chair /NED Ex-Santos Ex-MD Strike Energy NE. Chair Various Boards NED MD & CEO NED 2
Slide 3: Agenda
For personal use only AGENDA 3
Slide 4: Chairman's Address
For personal use only CHAIRMAN’S ADDRESS 4
Slide 5: MD's Address
For personal use only MD’S ADDRESS 5
Slide 6: Elixir Energy's busy year in review
Elixir Energy’s busy year in review For personal use only Portfolio & Transactions Strategy Operations Management ▪ Added 1,882km² of ▪ Launched 3-phase ▪ Diona-1 confirmed new Taroom Trough ▪ Farmed into highly fast follower 23m of net gas pay, Acreage along with prospective Taroom Taroom Trough wh
Slide 7: 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 For personal use only Unfullfilled Demand 30 Adelaide 28 400 6,500 jobs maintained Production 2P Undeveloped Brisbane Production
Slide 8: 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 For personal use only 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 G
Slide 9: The Taroom Trough a Montney scale opportunity
The Taroom Trough a Montney scale opportunity The Montney Play in Canada ▪ The best understood analogue for the Taroom Trough’s basin For personal use only centred gas play is the Montney BCG play in Canada. ▪ The Montney has a similar three-phase (light oil - gas/condensate - dry gas) opportunity t
Slide 10: 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. For personal use only 2. Acreage is geologically diversified across the Trough’s gas, gas-condensate and l
Slide 11: 3rd party action in the Taroom
3rd party action in the Taroom For personal use only Market cap: $324 billion Market cap: $180 million Market cap: $21 billion Market cap: $2.7 billion ▪ Imported a new super ▪ Raised $46 million in new ▪ Drilling the Lorelle-3 ▪ Executed an Area of Mutual heavy duty FlexRig from equity and has $70
Slide 12: Additional Taroom Trough Resources in the pipeline for Elixir
Addiitonal Taroom Trough Resources in the pipeline for Elixir Booked BCFe of recoverable gas per km² of Taroom Trough acreage ▪ Elixir’s existing 2C Contingent Resources only For personal use only 6.07 cover 68% of its acreage position. 6.0 ▪ Gas Resources in ATP2057 and ATP2077-B are yet 5.0 to be
Slide 13: ATP 2077 D: Diona-1
ATP 2077 D: Diona-1 Initial Results Indicating a regionally impactful discovery ▪ Wireline logging confirmed, 23m of net gas pay with average porosities of 10% has been measured within the For personal use only Bandanna, Black Alley, Tinowon and Wallabella Formations. ▪ Potential upside of additiona
Slide 14: 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 For personal use only ▪ 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
Slide 15: 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 For personal use only dataset over the Taroom Trough Basin Centred Gas Play. ▪ The Tinowon ‘Dunk’ Sandstone ca
Slide 16: Lorelle-3 - a positive geophysical response
Lorelle-3 - a positive geophysical response Dunk-1 Overston-1 Overston-2 Lorelle-3 For personal use only 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 re
Slide 17: ATP 2056: Lorelle-3
ATP 2056: Lorelle-3 ▪ L3 is planned to be drilled in January 2025 and down to 3,600m targeting Tinowon ‘Dunk’ Sands as the primary target and the For personal use only Overston and Lorelle Sands as the secondary targets. ▪ The primary target can be mapped at Lorelle-3 (L3) at similar depths to Shell
Slide 18: Elixir's Daydream-2 flow test
Elixir’s Daydream-2 flow test For personal use only 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 testing at Diona-1 & drilling at Lorelle-3 4 Well funded with $10.4m in cash / receivables
Slide 19: New team with a new strategy
New team with a new strategy Board & Management Corporate Information (as at 17 Oct 25) For personal use only Market Capitalisation $61m Cash and Receivables at June-25 (unaudited) $10.4m Enterprise Value $50.6m Shares in Issue 1,399,622,137 Richard Cottee Anna Sloboda Stephen Kelemen Ex-MD QGC Chai
Slide 20: 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 For personal use only i
Slide 21: Questions
QUESTIONS For personal use only Please raise any questions 21
Slide 22: Business of Meeting & Resolutions
BUSINESS OF MEETING & RESOLUTIONS For personal use only 22
Slide 23: Final Questions
FINAL QUESTIONS For personal use only Please raise any final questions 23
Slide 24: Formal Close
FORMAL CLOSE For personal use only Please complete your voting card 24