Polarx Ltd · ASX:PXX
Polarx — Resources Rising Stars Gold Coast conference 2025
30 slides from Polarx's conference presentation, Sep 18, 2025
Slide 1: RRS Presentation ASX Announcement
ASX Announcement 18 September 2025 RRS PRESENTATION PolarX Limited (ASX:PXX) (“the Company”) advises that its Executive Chairman, Mark Bojanjac, will be presenting at the Resources Rising Stars Gold Coast conference on 18 September 2025 at 10.10am (AWST). A copy of the presentation is attached. This
Slide 2: Advancing High-Grade Discoveries to Production
For personal use only Advancing High-Grade Discoveries to Production September 2025 ASX: PXX 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$40M A Chartered Accountant with >30 years experience in the resource NET CASH: ~A$5.0M sector. Has led several successful mining developmen
Slide 4: 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 $US $A % Earned (NST) @0.65 Current 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 * US$2M (A$3.1M) 3-month interest-free, 1 year unsecured loan & to be offset again
Slide 5: 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 6: Alaska: USA's Mineral Frontier
ASX PXX Alaska: USA’s Mineral Frontier Bornite & Artic Trilogy Metals TIER 1 Geology: 202.7Mt@ 1.46%Cu, For personal use only 46.7Mt @ 2.11% Cu, One of the world’s great mineral provinces: 0.56%Pb, 31.83 g/t Ag, 0.42 g/t Au • Over 40Moz Au mined to date • In the world’s most productive copper belt,
Slide 7: Decades of Potential over 35km strike
ASX PXX Decades of Potential over 35km strike For personal use only 2024 Caribou Dome Drill Program Refer ASX Announcements of 3 September 2024 and 13 November 2024
Slide 8: 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 9: Currently Drilling at Caribou Dome
ASX PXX Currently Drilling at Caribou Dome For personal use only • 3,500km of new geophysics flown pre-drilling • Expansionary drilling at Caribou Dome NOW
Slide 10: Caribou Dome: Massive Sulphides
ASX PXX Caribou Dome: Massive Sulphides For personal use only Assayed 13% Cu + 21.1 g/t Ag Refer ASX Announcement of 3 September 2024
Slide 11: Caribou Dome: Very high-grade surface copper
ASX PXX Caribou Dome: Very high-grade surface copper For personal use only • 4-5% Copper from surface down to 150m • 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 Possible stage 1 o
Slide 12: Compelling 2024 Scoping Study
ASX PXX Caribou Dome & Zackly Combined: USD 8,500/t Cu, USD 1,900/Oz Au, USD 25/Oz Ag Compelling 2024 Scoping Study Revenue Total EBITDA US$1,491 M US$825 M A$2,294 M ($0.65) A$1,269 M For personal use only Total JORC resource est. of 11.2Mt containing: 269,375t Copper, C1 Cash Cost Operating Margin
Slide 13: 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$10,072/t US$3,662/oz US$44/oz +18 % +93% +76% Prices per COMEX 10 September 2025
Slide 14: Zackly – Copper Gold
ASX PXX Zackly – Copper Gold For personal use only
Slide 15: 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 16: Large Scale Undrilled Targets
ASX PXX Large Scale Undrilled Targets For personal use only
Slide 17: 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 18: Humboldt Range: A modern perspective
ASX PXX Humboldt Range A modern perspective For personal use only • Our tenure has been unmined since 1920’s • Focus has moved from Bonanza Veins to Bulk-Scale Operations 16
Slide 19: 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
Slide 20: NEVADA: Humboldt Range
ASX PXX NEVADA: Humboldt Range High-grade Gold / Silver Integra Resources 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 Four
Slide 21: Humboldt Range: Black Canyon Claims
ASX PXX Humboldt Range: Black Canyon Claims For personal use only • Owned by same family since 1950 Star Canyon 9.1m @ 124.36 g/t Au, 48.6 g/t Ag • Limited exploration since mining ceased in 1927 • High-grade assays from previous rock-chip sampling of outcropping veins and grab sampling from the dum
Slide 22: Star Canyon: Gold + Silver …. Everywhere
ASX PXX Star Canyon: Gold + Silver …. Everywhere For personal use only Lois vein Indian Ike vein BC22-005: 9.1m @ 124.36 g/t Au, 48.6 g/t Ag 20
Slide 23: Bonanza veins in regional 'Rochester Rhyolite'
ASX PXX Bonanza 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: silicif
Slide 24: Golden Staircase
ASX PXX Golden Staircase - Channel cut - 69m @1.1g/t gold and 7.65g/t Silver For personal use only Refer ASX Announcement 5 October 2022
Slide 25: Black Canyon: 3km anomaly next to 5Moz gold mine
ASX PXX Black Canyon: 3km anomaly - Next to 5Moz operating Gold Mine For personal use only 5Moz Florida Canyon Gold Mine >2,700m anomaly trend including mineralised Quartz Veins, soils, alteration and Chargeability GOLDEN STAIRCASE 23
Slide 26: Sampling highlights scale of opportunity
ASX PXX Sampling highlights scale of opportunity • Detailed soil sampling outlined a 3km long gold anomaly For personal use only • Contains outcropping high-grade veins such as the Monster Vein system • Also contains the Star Canyon area where Rochester Rhyolite mineralisation outcrops • Wide spaced
Slide 27: Humboldt Range - Funded to Drill next Quarter
ASX PXX Humboldt Range - Funded to Drill For personal use only next Quarter • 100% owned PolarX • A$5M Cash Raised in Sept 2025 25
Slide 28: Catalyst Rich Year Ahead
ASX PXX Catalyst Rich Year Ahead For personal use only Activity Q3 2025 Q4 2025 Q1 2026 Q2 2026 Humboldt Range Drill permits & Geophysics Drilling at Black Canyon Additional Metallurgical test work and drill core-analysis Caribou Dome Drilling Alaska Range Drill Assays and Sampling Results Project W
Slide 29: Cautionary Statements
ASX PXX Cautionary Statements This presentation has been prepared by PolarX Limited (“the Company”) to assist in informing interested parties about the Company and its progress. It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an
Slide 30: 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 Mas
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