Polarx Ltd · ASX:PXX
Polarx — Investor Presentation (April 2026)
28 slides from Polarx's investor presentation, April 2026
Slide 1: Advancing High-Grade Discoveries to Production
ADVANCING HIGH-GRADE DISCOVERIES TO PRODUCTION A PRIL 202 6 ASX: PXX OTCQB: PXXXF www.polarx.com.au
Slide 2: Experienced management backed by strong investors
ASX PXX Experienced management backed by strong investors Key Executives and Management: Mr. Mark Bojanjac (Executive Chairman) MKT CAP: ~ A$55M A Chartered Accountant with >30 years experience in the resource COMPANY CASH: ~A$2.81M* sector. Has led several successful mining developments, including
Slide 3: USA focus
ASX PXX USA focus Advancing Alaska Range Mine Development: 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/t Ag JORC at Zackly P
Slide 4: Alaska Funding: US$39M JV with Northern Star
ASX PXX Alaska Funding: US$39M (~A$60M) JV with Northern Star (NST) Year $USm $Am % Earned (NST) @0.65 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 3
Slide 5: Alaska: USA's Mineral Frontier
ASX PXX Alaska: USA’s Mineral Frontier Bornite & Artic Trilogy Metals 202 .7 Mt@ 1 .4 6%Cu, TIER 1 Geology: 46.7M t @ 2.11 % Cu , 0.56% Pb, 31.83 g/t Ag, One of the world’s great mineral provinces: 0.42 g /t Au • Over 40Moz Au mined to date • In the world’s most productive copper belt, >200Moz Au &
Slide 6: Alaska Range: Existing Resources
ASX PXX Alaska Range: Existing Resources Alaska State Mining Claims) covering ~261km2 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% Cu and 1.6g/t Ag fro
Slide 7: Caribou Dome: Hyper-grade Massive Sulphides
ASX PXX Caribou Dome: Hyper-grade Massive Sulphides Assayed 13% Cu + 21.1 g/t Ag 6
Slide 8: Caribou Dome: Hyper-grade copper from surface
ASX PXX Caribou Dome: Hyper-grade copper from surface • 4-5% Copper from surface down to 300m • 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 • 2025 drill program delivered more hyp
Slide 9: 2025 Season at Alaska Range – Hyper-grade copper assays
ASX PXX 2025 Season at Alaska Range – Hyper-grade copper assays • 3,500km of new magnetics flown pre-drilling • 2,300m diamond core drilled at Caribou Dome • Project mapping • New 3D mag inversion • 3DIP targets • Down hole EM 8
Slide 10: 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 • 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-length least ~400m depth Av
Slide 11: Alaska Range Mapping and Sampling
ASX PXX Alaska Range Mapping and Sampling • Total of 143 Rock Chip Samples • 57 Thin Section Samples 10
Slide 12: Jupiter: Large Scale Strongly Magnetised Target
ASX PXX Jupiter: Large Scale Strongly Magnetised Target Magnetite replacement Dacite intrusives Copper association Gemini ridgeline mapping identified chalcopyrite across wide zones Jupiter lies immediately north of Zackly 11
Slide 13: Stellar Property: Mars porphyry Cu-Au discovery
ASX PXX Stellar Property: Mars porphyry Cu-Au discovery • 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 800m Cu-Au-As-Mo soil
Slide 14: Compelling 2024 Scoping Study
ASX PXX Compelling 2024 Scoping Study Caribou Dome & Zackly Combined: modelled prices USD 8,500/t Cu, USD 1,900/Oz Au, USD 25/Oz Ag Revenue Total EBITDA Total JORC resource est. of 11.2Mt containing: US$1,491 M US$825 M 269,375t Copper, A$2,294 M ($0.65) A$1,269 M 213,000oz Gold, and C1 Cash Cost Op
Slide 15: Metals Prices UP since 2024 Scoping Study
ASX PXX Metals Prices UP since 2024 Scoping Study Jan 2024 price US$8,500/t US$1,900/oz US$25/oz Current price US$11,600/t US$4,250/oz US$58/oz +36 % +120% +130% Prices per COMEX 1 Dec 2025 14
Slide 16: NEVADA: Almost 75% of USA's Annual Gold Production
ASX PXX NEVADA: Almost 75% of USA’s Annual Gold Production Source: Engineering and Mining Journal - May 2024 15
Slide 17: NEVADA: Humboldt Range High-grade Gold / Silver
ASX PXX NEVADA: Humboldt Range High-grade Gold / Silver Project Highlights • 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 Fourth of July • Very high grades of Au and
Slide 18: Humboldt Range: Black Canyon Claims
ASX PXX Humboldt Range: Black Canyon Claims • Owned by same family since 1950 Star Canyon • Limited exploration since mining ceased in 1927 9.1m @ 124.36 g/t Au, 48.6 g/t Ag • High-grade assays from previous rock-chip sampling of outcropping veins and grab sampling from the dumps of old mine working
Slide 19: Black Canyon: 3km anomaly - Next to 5Moz operating Gold Mine
ASX PXX Black Canyon: 3km anomaly - Next to 5Moz operating Gold Mine GOLDEN STAIRCASE BC22-005: 9.1m @ 124.36 g/t Au, 48.6 g/t Ag 18 18
Slide 20: Black Canyon: Ridgeline RC Drill Results
ASX PXX BLACK CANYON: RIDGELINE RC DRILL RESULTS • Ridgeline RC drilling • 800m strike length of 3.6km anomaly • Multiple broad gold intervals • Broad silver halo over entire anomaly • Mineralisation starts at surface • Tested to ~130m vertical depth • Remains open at depth and along strike 19
Slide 21: Bulk tonnage mining potential
ASX PXX Bulk tonnage mining potential • Ridgeline 2025 RC assay results summary: o Wide bulk mineable intercepts o Mineralisation open along strike and depth o High Gold grades compared to neighbouring mines o Very broad silver halo (~ 1g/t average) o Potential for very large-scale mineralisation sy
Slide 22: Bonanza gold veins in regional 'Rochester Rhyolite'
ASX PXX Bonanza gold veins in regional ‘Rochester Rhyolite’ 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: silicified volcanics wit
Slide 23: Golden Staircase - Channel cut
ASX PXX Golden Staircase - Channel cut - 69m @1.1g/t gold and 7.65g/t Silver 22
Slide 24: Fourth of July Claims – High-Grade Silver Dominates
ASX PXX Fourth of July Claims – High-Grade Silver Dominates • Initial rock-chip assays confirm high grades of gold and silver in veins • Individual veins up to 700m long (e.g. Jackson Vein) • Unmined since 1920’s • Rochester style mineralisation 23
Slide 25: Humboldt Range – Recent Drilling
ASX PXX Humboldt Range – Recent Drilling • 100% PolarX • A$5M Cash Raised in Sept 2025 • Significant gold & silver discovery along the Ridgeline target • 500m width and +800m strike open system • Follow-up RC program June • Drone mag survey • Mobile MT survey upcoming • Regional mine frontier 24
Slide 26: Catalyst Rich Year Ahead
ASX PXX Catalyst Rich Year Ahead Activity Q1 2026 Q2 2026 Q3 2026 Q4 2026 Drill permitting Humboldt Range Mobile MT survey Drilling at Black Canyon Assay Results Caribou Dome Drilling Mobile MT and Alaska Range reconnaissance mapping Drill Assays and Sampling Results CD – resource prep 25 25
Slide 27: Cautionary Statements
ASX PXX Cautionary Statements This pre sen tation has bee n pre pared by Pola rX Limited (“the Company”) to assist in informing interested par ties abo ut the Company and its pro gress. It should not be considered as an offer or invitatio n to subscr ibe for or pur cha se any securities in the Compa
Slide 28: Highlights
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 (pre-tax) Drill Results f