PolarX : Company Update Presentation

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Copper & Gold - USA
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Advanced High-grade Discoveries
in Nevada and Alaska
ersonal
July 2022
	ASX: PXX
	www.polarx.com.au
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Project Overview

only			Humboldt Range (Nevada)
			Bonanza grades: 9.1m @ 124g/t Au + 49g/t Ag in drilling at Star Canyon
	Alaska Range	GREENLAND	 Tier 1 fiscal and geological jurisdiction
		Lies between the 5Moz Florida Canyon Gold Mine, and the 400Moz Rochester Silver mine
				(which also contains 3.5Moz gold), same geology
			 Outcropping quartz veins and historical mines show numerous assays over 10g/t gold, with
use				peak values of 3,384g/t gold 4,800g/t silver, 22.9% lead, 3.1% Zn
USA
	Alaska Range: Stellar Property (100% PXX)
		 3.4Mt @ 1.2% Cu + 2g/t Au + 14g/t Ag JORC at Zackly Project, open in all directions.
CANADA		 New 2.6km long target confirmed in 2020 drilling.
		Highly prospective for bulk tonnage porphyry copper-gold deposits with maiden discovery
ersonal	"Ring of Fire"			(102m @ 0.22% Cu + 0.1g/t Au) at the Mars prospect
Mineralised Belt			Metallurgical test work underway on Zackly to assess gold recovery and copper sulphide
				flotation
	USA		 Potential joint co-processing options being assessed in a mining scoping study.
		Alaska Range: Caribou Dome Property (PXX earning up to 90%)
	Humboldt Range
			2.8Mt @ 3.1% Cu JORC at Caribou Dome deposit, high grade surface zones up to 7% Cu.
	MEXICO
			Mineralization open in all directions, and numerous untested IP/geochemical targets.

 Open at depth with 19m drilled at 7.1% Cu.

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Strong News Flow in 2022

onlyuse		Activity	Q1 2022	Q2 2022	Q3 2022	Q4 2022
RangeAlaska	Metallurgical test work
		Drilling & Assays
		Caribou Dome and Zackly
		joint scoping study
		Discussions with potential
		porphyry copper JV
		partners
ersonal		Soil sampling, mapping,
	and vein sampling
RangeHumboldt
Assays for Fourth of July
		and Black Canyon
		Drill targets definition
		Drill permits
		Drilling
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Strong management backed by strong investors

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KEY EXECUTIVES AND MANAGEMENT:

Mr. Mark Bojanjac (Executive Chairman) is a Chartered Accountant with >25 years experience in the resource sector. Has led many successful mining developments, including the discovery and development of the East Kundana goldfield near Kalgoorlie, development of the Boroo gold mine in Mongolia and the Nzema gold mine in Ghana.

Dr. Jason Berton (Managing Director) is a Structural Geologist with >20 years experience, including working for Homestake, Barrick, BHP Billiton and SRK Consulting. He also has experience in private equity and is the former managing director of ASX-listedEstrella Resources.

Dr. Frazer Tabeart (Non-Executive Director) is an economic geologist with >30 years international experience. Spent 15 years with WMC Resources, prior to leading several ASX-listedexploration companies through discovery, resource delineation and feasibility studies in copper-gold,uranium and coal in North America and Africa.

KEY ADVISORS:

Mitchell River Group: Technical, permitting

Peter Nesveda: International Investor Relations and Corporate Affairs

Read Corporate: PR and corporate communications

30 June 2022 :

MKT CAP:	A$14M
CASH:	~A$2.0M
DEBT:	Nil
MAJOR SHAREHOLDERS	%
Ruffer Gold Fund (UK)	13.2
U.S. Global (US)	8.1
Lundin Mining Corporation (Can)	6.1
Management/Directors/MRG	5.4
Golden Hill Investments (Singapore)	4.1
Adam Hajek (Aus)	1.8

Top 20	= 51%
Top 40	= 60%	4

Nevada - Humboldt Range: high-grade Gold/Silver

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Star

Canyon

Project Highlights

• USA's Best mining jurisdiction
• Close to active multi million-ounce gold and silver mines
• 2 claim blocks: Black Canyon and Fourth of July
• Very high grades of Au and Ag in drilling, outcrop and historic workings (pre-1927)
• Low-costMine Lease Agreement over 333 lode claims with royalty of 2.5% NSR (3.75% NSR if grade> 15.6g/t Au) payable to claim owners once mining starts

Exploration Program

• Very successful maiden RC drilling program at Star Canyon: 9.1m @ 124g/t Au + 49g/t Ag
• Over 2,200 soil samples and >150 rock-chip samples collected since April 2021
• Initial rock-chip sampling confirms high silver and gold grades and similar geology to the nearby mines
• Ultra-high-resolutiondrone images collected for geological mapping and drill planning
• Rock-chipand channel sampling confirms mine-grade material at surface
• multiple drill targets

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