Elk Range Mining Limited · ASX:ELK
Elk Range Mining — Investor Presentation (October 2026)
35 slides from Elk Range Mining's investor presentation, Oct 16, 2026
Slide 1: Investor Webinar Presentation market announcement
MARKET ANNOUNCEMENT 16 October 2026 For personal use only Investor Webinar Presentation Elk Range Mining Limited (ASX: ELK) ("Elk Range" or the "Company") is pleased to provide the attached investor presentation in connection with its participation in a Sharewise investor webinar. The presentation p
Slide 2: A unique gold opportunity
rsonal use only A unique gold opportunity Investor Presentation ShareWise Webinar – 16 October 2026 October 2026 | ASX: ELK 15/10/2026
Slide 3: Important Notice
Important Notice Disclaimer employees, associates, advisers and Agents) as to the accuracy, reliability, correctness, completeness or adequacy of any statements, estimates, options, conclusions or other information contained in this presentation. To the maximum extent permitted by law, the Company T
Slide 4: High-Grade Gold Project in Idaho
High-Grade Gold Project in Idaho High-grade gold system with existing mining infrastructure and significant exploration upside. The Idaho Gold Project (“IGP”) contains some meaningful rsonal use only gold deposits with significant exploration potential and resource growth Current exploration activit
Slide 5: Our Strategy
Our Strategy We plan to take a modern and Australian approach to asset development in this region Previous owners of these assets have progressed development on a small-scale basis rsonal use only There has been little focused exploration for ~20 years The region hasn’t seen any substantial consolid
Slide 6: Experienced Board & Management Team
Experienced Board & Management Team Extensive experience in all aspects of gold exploration, development and mining Prior experience in operating and project execution in the US Proven track record of delivery across multiple businesses rsonal use only Existing US site management running act
Slide 7: The Idaho Gold Project
rsonal use only The Idaho Gold Project Historic gold project with limited exploration 6
Slide 8: Idaho: A Premier Jurisdiction for Mining
Idaho: A Premier Jurisdiction for Mining A proven mining jurisdiction with established infrastructure, a skilled workforce and a supportive permitting framework. Tier 1 Jurisdiction: One of the most rsonal use only attractive mining jurisdictions in the US • Black Pine Project in Southeastern Idah
Slide 9: Idaho Gold Project
Idaho Gold Project Situated on the prolific Orogrande Shear Zone in Idaho “The Orogrande Shear Zone is a rsonal use only district scale opportunity with Buffalo Gulch Deposit numerous gold deposits and • Known surface oxide significant room for further mineralisation. discovery, plus strong potentia
Slide 10: Agnico Eagle: US$60M investment in Elk City Region
Agnico Eagle: US$60M investment in Elk City Region Ericskson Ridge AGNICO EAGLE – INVESTING NEXT TO ELK RANGE US$60m earn-in • Agnico Eagle Mines Limited (“Agnico Eagle”) has invested rsonal use only US$14.8M into unlisted Scout Discoveries Corp (“Scout”) to Buffalo acquire a 14.9% stake as part of
Slide 11: Friday Gold Project
rsonal use only Friday Gold Project Significant source of high-grade underground ore
Slide 12: Friday Gold Mine: A Proven High-Grade Gold System
Friday Gold Mine: A Proven High-Grade Gold System Existing underground mine, existing infrastructure and a high-grade gold system with significant exploration upside. Fully permitted underground gold mine and processing facility located 15km rsonal use only southwest of Elk City, Idaho Situated with
Slide 13: Friday System & the High-Grade Shoot
Friday System & the High-Grade Shoot Drill assay highlights show a large system and high-grade plunging shoot, with potential for repetition PFR2014_06 112.78m @ 5.22 g/t Au rsonal use only PZ052 incl 7.8m @ 25.61 g/t Au 12.2m @ 2.78 g/t Au and 5.3m @ 26.54 g/t Au PFR2011_18 and 18.3m @ 2.46 g/t Au
Slide 14: Data Confirms Scale Potential at Friday
Data Confirms Scale Potential at Friday Despite poor levels of recent data, soil sampling and mapping confirms a large-scale gold system is present Since 2010 there has been extensive geochemical soil rsonal use only sampling and district scale geophysical surveys across the three properties. Surfac
Slide 15: Elk Range's Maiden Drilling Programme at Friday
Elk Range’s Maiden Drilling Programme at Friday Drilling has commenced and the first hole is tracking well, with visible gold in the core • Drilling commenced in early August rsonal use only and is currently underway • Phase 1 Programme at Friday has three main objectives: 1. Confirm existing high-g
Slide 16: First Hole Hits Visible Gold
First Hole Hits Visible Gold Visible gold identified in the first hole that Elk Range has drilled into Friday: Assays Pending Visible gold in multiple locations • First hole now complete: rsonal use only upper portion parallel to historical drilling with significant intercept (112.78m @ 5.22 g/t Au
Slide 17: Review of Historical Drilling Data
Review of Historical Drilling Data Elk Range will be using modern exploration, analytical and mining techniques – significant upside potential • Significant upside potential using modern technology. rsonal use only • Review and re-logging of historical core underway to understand the system and stru
Slide 18: Resource Infill Drilling Phase
Resource Infill Drilling Phase Second planned hole has begun to infill for resource estimation rsonal use only PFR2009_10 152m @ 3.28 g/t Au PFR2013_01 54.1m @ 5.62 g/t Au incl 9.14m @ 15.19 g/t Au
Slide 19: Friday Extensional Exploration
Friday Extensional Exploration Limited modern exploration has been undertaken at Friday… Many high-order targets to test with modern exploration Soil sampling rsonal use only Soil sampling is very effective tool for targeting Large area of very poorly tested gold in soil anomalism in the Petsite Sto
Slide 20: Growth Projects
rsonal use only Growth Projects Buffalo Gulch and Deadwood show prospectivity, however we will also be aggressive in regional M&A 19
Slide 21: Buffalo Gulch & Deadwood
Buffalo Gulch & Deadwood Two large / lower-grade systems that have been significantly under-explored Buffalo Gulch and Deadwood are located approximately 2-3km apart, and both sit rsonal use only within the Orogrande Shear Zone Buffalo Gulch: Extensive known surface oxide mineralisation. Significant
Slide 22: Buffalo Gulch Deposit
Buffalo Gulch Deposit A large and lower-grade deposit which has great prospectivity for significant resource Buffalo Gulch has historically been progressed on a small-scale basis with a focus on heap leaching. rsonal use only Mineralisation from surface, prior drilling only 50-100m deep, with only 6
Slide 23: Buffalo Gulch Upside
Buffalo Gulch Upside Potential for deeper sulphide resources in addition to along-strike oxide mineralisation OXIDE rsonal use only MINERALISATION UNTESTED OPEN SULPHIDE TARGET Majority of known mineralisation sits in the oxide zone, with very little drilling into deeper sulphide zone that is mapped
Slide 24: Deadwood Deposit
Deadwood Deposit Drilled to ~150m depth currently, with significant potential to extend along strike and at depth Deadwood project history is closely aligned rsonal use only with the neighbouring Friday and Buffalo Gulch projects Bema commenced drilling between 1985- 1990 before the acquisition of a
Slide 25: Orogrande Processing Plant
rsonal use only Orogrande Processing Plant Existing processing infrastructure gives us optionality to produce from high grade orebodies 24
Slide 26: Orogrande Processing Plant Site Layout
Orogrande Processing Plant Site Layout We have acquired significant infrastructure, including mining equipment, spares, an assay lab and much more rsonal use only Haul trucks on site Long-hole drill rig on site Processing Site Layout 25
Slide 27: Orogrande Processing Plant
Orogrande Processing Plant We will conduct a review to understand the cost associated with re-start of the plant rsonal use only The processing infrastructure is in good condition & well maintained Contained within a shed for protection from the elements 26
Slide 28: Significant Infrastructure Advantage
Significant Infrastructure Advantage We have the capacity to use the assay lab on site to expedite processing of exploration information rsonal use only Portal & Decline On-site assay laboratory All winter access roads 27
Slide 29: Upcoming Catalysts
Upcoming Catalysts • A clear pathway of value creation through disciplined exploration and consistent newsflow Q3 2026 Q4 2026 rsonal use only Drilling Strategy 1. Drilling underway to confirm known high-grade mineralisation (commenced in August) Continued maiden drilling Initial drill assay results
Slide 30: Corporate Overview
Corporate Overview Corporate Snapshot rsonal use only ASX Code ELK Last close price 1 $0.135 Total Shares on Issue 126.1m A$17M A$6.6M - Shares subject to 12-month escrow 15.34m (12.2%) Market Cap EV - Shares subject to 24-month escrow 28.33m (22.5%) Unlisted Options 6.0m Performance Rights 17.0m Ma
Slide 31: Investment Highlights
Investment Highlights Proven Large Substantial existing mineral endowment within a large gold system, with high-grade core rsonal use only System Underexplored Limited exploration in the last two decades, little or no use of modern exploration techniques Region Modern We aim to grow resources via ex
Slide 32: Annexure: Key Risks
rsonal use only Annexure Key Risks 31
Slide 33: Key Risks
Key Risks As with any securities investment, there are risks involved. The following Asset Purchase and Sale Agreement. identifies the major areas of risk associated with an investment in the Title, tenure and permit risk Company but should not be taken as an exhaustive list of the potential risk Mi
Slide 34: Key Risks
Key Risks Growth strategies risk standards or government policy may adversely affect the Company’s The Company’s future growth strategy includes exploration activities, operations, financial position or future development activities. technical studies, potential Mineral Resource growth and evaluatio
Slide 35: Elk Range Mining Investor Relations
rsonal use only Elk Range Mining Investor Relations Edward Keys Leanne Kite Chief Executive Officer Executive Director Phone: +61 499 699 874 Phone: +61 401 438 850 Email: edward@elkrange.com.au Email: leanne@elkrange.com.au
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