Elixir Energy Limited · ASX:EXR
Elixir Energy — Noosa Mining Conference 2025
16 slides from Elixir Energy's conference presentation, Nov 13, 2025
Slide 1: Noosa Mining Conference
May 2025 Noosa Mining Conference Building a significant East Coast energy resource Nov 2025
Slide 2: East Coast Gas & Energy Market – 3 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 Unfullfilled Demand 30 Adelaide 28 400 6,500 jobs maintained Production 2P Undeveloped Brisbane Production 2P Developed Sydney 2
Slide 3: The Taroom is the gas the East coast is looking for
The Taroom is the gas the East coast is looking for Major new sources of current ▪ Activity in the industries earlier-stage opportunities gas exploration, appraisal and development in the greater has increased given the impending energy shortfalls. East Coast gas markets ▪ The Taroom Trough is the m
Slide 4: Board & Management with experience of organically building gas companies
Board & Management with experience of organically building gas companies Board of Directors Corporate Information (as at 10 Nov 25) Share Price since new Management Tenure (as at 11 Nov 25, cps) Market Capitalisation ~$60m 5 Cash¹ at Sept-25 (unaudited) $9.2m 4 Enterprise Value ~$50m 3 Shares in Iss
Slide 5: 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. 2. Acreage is geologically diversified across the Trough’s gas, gas-condensate and light oil plays. 3. Int
Slide 6: The Taroom Trough a Montney scale opportunity
The Taroom Trough a Montney scale opportunity The Montney Play in Canada ▪ The best understood geological analogue for the Taroom Trough’s basin centred gas play is the Montney BCG play in Canada. ▪ Application of American drilling techniques and LNG Canada technologies took the Montney from 0.8 BCF
Slide 7: 3rd party action and validation of the Taroom Trough
3rd party action and validation of the Taroom Trough Market cap: $333 billion Market cap: $150+ million Market cap: $21 billion Market cap: $2.9 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 8: Uniquely positioned to ride the wave of Shell's recent successes
Uniquely positioned to ride the wave of Shell’s recent successes Dunk-1 (D1) Log ▪ Drilled 2014 vertically by QGC ▪ To date Shell has appraised the ▪ Light & heavy chromatography Western Taroom Trough drilling the response on mud gas in Tinowon / Tinowon ‘Dunk’ Sands. Dunk sands (condensate-rich) ▪
Slide 9: Lorelle-3, unveiling what's got Shell so excited
Lorelle-3, unveiling what's got Shell so excited Equivalent H&P Shell’s new 3D seismic polygon which ingresses into the L3 permit ▪ L3 to spud in January 2026. FlexRig imported by as well as other EXR acreage ▪ Elixir has agreed terms with H&P for first use of Shell’s Shell for the Taroom Trough new
Slide 10: 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 dataset over the Taroom Trough Basin Centred Gas Play. ▪ The Tinowon ‘Dunk’ Sandstone can be imaged which has
Slide 11: Lorelle-3 - a positive geophysical response
Lorelle-3 - a positive geophysical response Dunk-1 Overston-1 Overston-2 Lorelle-3 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 response. ▪ Elixir’s Lor
Slide 12: ATP 2077 D: Diona-1, a path to production?
ATP 2077 D: Diona-1, a path to production? Above ground pipeline tie Initial results indicating a regionally impactful discovery in approx. 1,000m from the Diona-1 well head. Above ground pipeline tie-in Pipeline has current capacity Trapping mechanism likely relies upon stratigraphic or regional cl
Slide 13: Phase 1 Strategic Objectives, Milestones & Catalysts
Phase 1 Strategic Objectives, Milestones & Catalysts 2025 2026 Permit & WI ***denotes denotes operatorship operatorship of initial activities Q4 Q1 Q2 Q3 ATP2077 Diona Sub-block (49%*) D1 Stim & Test Extended Production Test, PL or PCA and Tie-in Planning 2P/2C ATP2077 A&B Sub-blocks (100%*) Block-B
Slide 14: Elixir is the leveraged play in the Taroom Trough
Elixir is the leveraged play in the Taroom Trough Relative net acreage versus relative Resource size Elixir is currently the best leverage into the exciting Taroom Trough : 1. It's the largest acreage holder 2. Has the second largest Resource position behind Shell and is gas focussed 3. Its acreage
Slide 15: www.elixirenergy.com.au
Elixir’s Daydream-2 flow test Sept 2024 Stuart Nicholls www.elixirenergy.com.au CEO& Managing Director stuart.nicholls@elixirenergy.com.au
Slide 16: Appendix: Resource Information
Appendix: Resource Information 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. Contingent resource assessments in t