Elixir Energy Limited · ASX:EXR

Elixir Energy — Shareholder Meeting (November 2026)

17 slides from Elixir Energy's shareholder meeting presentation, Nov 5, 2026

  1. Slide 1: Annual General Meeting Chair's Address and MD Presentation

    ASX ANNOUNCEMENT 5th November 2026 For personal use only Annual General Meeting Chair’s Address and MD Presentation Please find attached the following items to be presented at Elixir Energy Limited’s 2026 Annual General Meeting to be held at 10:00 am (Brisbane) today. • Chair’s address • Managing Di

  2. Slide 2: Chair's 2026 Annual General Meeting Address

    Chair’s 2026 Annual General Meeting Address For personal use only Good morning fellow shareholders On behalf of the Board, I would like to thank you for your continued support of Elixir Energy. Over the last twelve months, the region has increasingly been recognised as one of Australia's most prospe

  3. Slide 3: Chair's Address (continued)

    acreage. By partnering with Beach, we are accelerating the pathway to development and For personal use only commercial production, positioning our assets to capitalise on the increasingly strategic value of natural gas in a tightening global market. While there is still important work ahead, we beli

  4. Slide 4: Managing Directors Address

    rsonal use only Managing Directors Address ASX: EXR 1 Well Testing at Lorelle-3H

  5. Slide 5: The Taroom Trough – Queensland's Next Major Energy Supply

    The Taroom Trough – Queensland’s Next Major Energy Supply 1. Proximity to Infrastructure & Markets Darwin rsonal 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 Gladsto

  6. Slide 6: Months of significant progress

    18 - months of significant progress Since the release of the Strategic Plan 18 months ago Elixir has worked at a frenzied 1. Validated the Company’s pace and made significant progress. Achieving: rsonal use only assets  Drilling, completion and testing of Company’s first horizontal well at Lorelle-

  7. Slide 7: Strategic Portfolio Farmout to Beach Energy

    Strategic Portfolio Farmout to Beach Energy  $205 million transaction value with Beach Energy  $25 million cash & $180m gross carried appraisal program rsonal use only  Accelerated de-risking building a pathway to Reserves and production  Four-years of fully funded activity  Area of Mutual Inte

  8. Slide 8: Strategic rationale – time & capital

    Strategic rationale – time & capital EXR Trading Value per BCFe of 2C Resource 1. Major third-party validation at a significant premium to versus implied value of transaction rsonal use only Elixir’s market capitalisation. 2. $25 million upfront cash consideration and $180 million $118,700 of non-di

  9. Slide 9: Four year $180m fully funded work program

    Four year $180m fully funded work program  Work program is required to be executed within 4-years rsonal use only  Indicative $180 million gross program to include:  Multi-staged fracture stimulated extended reach (2,000m) horizontal appraisal wells at L4H, DD3H, DD4H and ATP2044-1H;  Well Testi

  10. Slide 10: Lorelle - Multiple stacked hydrocarbon bearing reservoirs

    Lorelle 3 - Multiple stacked hydrocarbon bearing reservoirs Above Background 148m of net gas-condensate pay Expanded evaluation included: rsonal use only  Traditional logs  Image logs  Nuclear Magnetic Resonance logs  Sidewall coring  Whole core of primary target 59m net pay, 17% 2 Canyon Sands

  11. Slide 11: Lorelle-3H positive results

    Lorelle-3H positive results Testing Results to Date:  L3H is a proof of concept which has significant regional impacts: rsonal use only  Peak rate Ph 1: 10.5 mmscfde (13 TJd)  Stable rate Ph 2: 4.3mmscfde (5.2 TJd) Mudgas Volumetrics Stages  Reservoir quality (>10% phi) and makeup is consistent,

  12. Slide 12: Lorelle Sandstone – Regionally anomalous

    Lorelle Sandstone – Regionally anomalous Lorelle-3; Lorelle SST Sidewall Core Digital rsonal use only Micrograph Near conventional - like permeability  The Lorelle Sandstone exhibits unique near conventional like reservoir properties across multiple penetrations in the area (L3, Ov-2 and DD2).  Th

  13. Slide 13: Warkon Pilot – Production Planning

    Warkon Pilot – Production Planning Upstream  Up to 40mmscfd & 1,000bbls/d Production rsonal use only Owners Engineer System  Condensate storage and offloading  Similar to Walyering design (WA)  Deliver Concept Phase Design and report, Risk Assessment and Register, Prelim Cost Estimate, Prelim Sc

  14. Slide 14: Diverse acreage with exposure to wider Taroom results

    Diverse acreage with exposure to wider Taroom results from the $1.2 billion¹ of committed investment rsonal use only  Shell appraising and conducting early  Omega’s Canyon project appraising the development works on Dunk, Kianga & Kianga group of reservoirs. Lorelle Sandstones.  Canyon-3/4 succes

  15. Slide 15: Investment highlights – ground, time & capital

    Investment highlights – ground, time & capital rsonal use only 1. Taroom Trough acreage will be materially higher in value in the future – the Beach deal gives us this the time to participate in this thematic . 2. ~1,200 km² of net diverse Taroom Trough with defined resources that neighbours $100’s

  16. Slide 16: rsonal use only

    rsonal use only Stuart Nicholls www.elixirenergy.com.au CEO& Managing Director stuart.nicholls@elixirenergy.com.au

  17. Slide 17: Appendix: Resource Information & Cautionary Statements

    Appendix: Resource Information & Cautionary Statements The totals are based on arithmetic aggregation of reservoir estimates. It must be noted that the 1C estimates may be conservative and the aggregate 3C estimates may be optimistic due to the portfolio effects of arithmetic summation. rsonal use o

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