Noronex Ltd. · ASX:NRX
Noronex — Merger or Acquisition (July 2026)
19 slides from Noronex's merger presentation, July 2026
Slide 1: Transformational Acquisition of the Sleitat Tin-Tungsten-Silver Project, Alaska, USA
Transformational Acquisition of the Sleitat Tin-Tungsten-Silver Project, Alaska, USA An advanced North American critical minerals asset with exceptional upside Investor Presentation | July 2026 | ASX: NRX ASX:NRX PAGE 1
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements: ● This presentation may contain some references to forecasts, estimates, assumptions and other forward-looking statements. Although the Company believes that its expectations, estimates and forecast outcomes are based on reasonable assumptions, it can give no a
Slide 3: Key Value Drivers
Key Value Drivers Strategic US Asset 3 Critical Minerals Tier-1 Location US critical minerals policy and domestic Tin, tungsten and silver all strategically Alaska hosts most of the USA’s supply chain security is driving private and important metals – highly leveraged to known tin deposits with Slei
Slide 4: Transformational Acquisition
Transformational Acquisition • Transformational acquisition: Sleitat Tin-Tungsten- Silver Project, Alaska • Historic estimate: 58,000–96,000 tonnes contained tin1 • Location: Alaska, USA – a strategic critical minerals jurisdiction (No.3 Fraser Institute 2024) • Significant exploration upside: Large
Slide 5: Tin, Tungsten and Silver – Strategic Metals
Tin, Tungsten and Silver – Strategic Metals • Tin and tungsten listed as Critical Minerals in multiple jurisdictions globally, including the US, Canada and Australia • Tin prices up around 50% over past 12 months to ~US$50,000/t • Tungsten prices up over 330% over past 12 months to ~US$3,000 per met
Slide 6: Tin Landscape: Driven by Strong Fundamentals
Tin Landscape: Driven by Strong Fundamentals • A critical metal for electrification: • ~50% of tin demand from electronics, semi-conductors, AI servers, EVs, solar panels, consumer electronics • Growing demand from AI, EVs, semiconductors and energy infrastructure (including solar ribbon for solar p
Slide 7: Sleitat Project Overview – Claim Package
Sleitat Project Overview – Claim Package • ~ 2,100Ha claim package across 33 claims on State Lands • 14 shallow diamond drill-holes for 1,400m completed historically targeting the mapped greisen zones: • 1983 – tin enrichment in association with sheeted, east-west trending greisen alteration discove
Slide 8: Sleitat Project Overview – Historical Drilling and Estimate
Sleitat Project Overview – Historical Drilling and Estimate • Previous drilling returned near-surface bonanza grades, wide open at depth and along strike, including: • 29.1m @ 1.56% Sn, 28g/t Ag including 3.1m @ 12.55% Sn, 198g/t Ag from 20.4m (Cass 84-06) • 47.9m @ 0.40% Sn, including 9.45m @ 2.99%
Slide 9: Technical Due Diligence
Technical Due Diligence • Visited and viewed historical core from drill programs: • Core held in good condition at the Alaska Geologic Materials Center in Anchorage • Undertook confirmatory spot XRF testing of key tin intercepts, also reads tungsten and silver • Observed some elevated Rubidium in As
Slide 10: Clear Path to Verification and Value Creation
Clear Path to Verification and Value Creation Staged program to de-risk Sleitat and unlock long-term value • Review historical drilling, • Use the verified historical • Complete targeted drilling • Define a Mineral Resource • Assess access and core and logging data to establish a JORC- to confirm gr
Slide 11: Free-Carried Copper Exposure in a World-Class Copper Belt
Free-Carried Copper Exposure in a World-Class Copper Belt • ~10,000km2 landholding in the Kalahari Copper Belt – one of the world’s last under-explored large-scale copper frontiers • Recently expanded Earn-In with South32 ($20m to earn 60%) provides strong technical, financial and strategic support:
Slide 12: Strategic Landholding in the Kalahari Copper Belt
Strategic Landholding in the Kalahari Copper Belt ASX:NRX PAGE 12
Slide 13: Corporate Overview
Corporate Overview Capital Structure The Company has a prudent capital management strategy with most existing assets subject to JV funding or low minimum commitments Shares on Issue Share Price Market Cap Cash (31 Mar 2026) Enterprise Value 647M A$0.012 $7.7M A$1.4M A$6.3M Share Price Performance (A
Slide 14: Experienced Board and Management
Experienced Board and Management DAVID PRENTICE JAMES THOMPSON PIERS LEWIS ROBERT KLUG Non-Exec Chairman CEO Non-Exec Director Non-Exec Director TONY CHISNELL EMMANUEL SHILONGO GABA CHINYEPI Chief Geologist Namibia Exploration Manager Botswana Country Manager ASX:NRX PAGE 14
Slide 15: Key Investment Takeaways
Key Investment Takeaways Exposure to key US critical minerals with significant demand drivers Significant historical tin inventory – valuation uplift from converting to JORC exploration target and JORC resource (with further drilling) Compelling exploration upside – open at depth and east-west Low c
Slide 16: noronexlimited.com.au
Suite 1, 295 Rokeby Road, Subiaco, WA, Australia, 6008 P +61 8 6555 2950 • E info@Noronex.com.au noronexlimited.com.au ASX:NRX PAGE 16
Slide 17: Appendix 1 – Historic Drilling Intercepts
Appendix 1 – Historic Drilling Intercepts Easting Northing Depth Interval Sn Ag W Cut-off Sn Hole RL m Dip Azi Depth m Logged Host Lithology Nad83z4 Nad83z4 From m m (%) (g/t) (ppm) (%) Cass 84-01 606812 6658215 518 -60 180 46.0 3.41 11.86 0.14 6 - 0.1 Biotite/ Muscovite Granite w/ Greissen Interlay
Slide 18: Appendix 2 – ASX Tin Company Resources
Appendix 2 – ASX Tin Company Resources Code Company Project Project Location Resource M Grade Contained Market Date Source Type tonnes (Sn%) Tin (‘000s Cap tonnes) (A$m) ASX:SKY Sky Metals Tallebung Open Pit NSW Measured 0.5 0.19 36.8 213 13 Jul 2026 “Major Resource Upgrade for Ltd Tallebung” Indica
Slide 19: Appendix 3 - Deal Terms
Appendix 3 - Deal Terms Agreement for Noronex to acquire 100% of Alaska Critical Minerals Pty Ltd (ACM) signed on 9 July 2026 • ACM has option to acquire 100% of Strongbow Alaska Inc (SA)(the holder of the 33 claims that comprise the Sleitat Project) Deposit of A$50,000 cash and A$50,000 NRX scrip (