Georgina Energy (GEX) Investor presentation summary

Project portfolio and resource potential

• Holds 3,951 km² across two projects in Western Australia and the Northern Territory, targeting large-scale helium, hydrogen, and natural gas resources.

• EP513 (Hussar) and EPA155 (Mt Winter) have combined net attributable 2U prospective resources of 303 BCFG helium, 308 BCFG hydrogen, and 2.97 TCFG gaseous hydrocarbons.

• Hussar has a potential in-situ value of US $55 billion for helium and hydrogen, and US $5.24 billion for natural gas.

• Mt Winter offers net attributable prospective resources of 127 BCFG helium, 117 BCFG hydrogen, and 0.944 TCFG natural gas.

• Both sites benefit from proven gas flows, established infrastructure, and accessible markets.

Market opportunity and demand drivers

• Helium demand is rising due to semiconductor growth and space launch usage, with global supply shortages and prices exceeding $600/Mcf.

• Hydrogen is increasingly important for decarbonization, with demand forecast to triple by 2035.

• Australia’s National Gas Infrastructure Plan highlights the need for new supply to address forecast shortfalls.

• Both helium and hydrogen markets are supported by government incentives and infrastructure investment.

Operations, infrastructure, and commercialisation

• Drilling permit for EP513 granted in October 2023; EPA155 approval expected in 2025.

• Re-entry and deepening of existing wells planned to access subsalt formations with high helium and hydrogen concentrations.

• Offtake MOU extension executed for hydrogen and helium purification, with refining and storage infrastructure in place.

• Darwin refinery provides cryogenic recovery and field plant for processing; products can be stored or converted for export.

• Pathway to production includes seismic upgrades, well design, and regulatory approvals.