Elton Resources Corp. · TSXV:DBAY
Elton Resources — Investor Presentation (February 2026)
34 slides from Elton Resources's investor presentation, February 2026
Slide 1: Targeting the World's Largest Land-Based Gravity Anomaly: Darnley Bay Project
CONFIDENTIAL AND NOT FOR DISSEMINATION TO THE GENERAL PUBLIC FEBRUARY 2026 Darnley Bay Paulatuk Outline of Magnetic Anomaly Gravity Anomaly TARGETING THE WORLD’S LARGEST LAND-BASED GRAVITY ANOMALY DARNLEY BAY PROJECT
Slide 2: Cautionary Disclaimers
CAUTIONARY DISCLAIMERS This presentation dated for reference February 1, 2026 (the “Presentation”) provides certain general background information about the activities undertaken by Elton Resources Corp. (the “Company”) current as of February 1, 2026, unless stated otherwise. It is information in a
Slide 3: Cautionary Disclaimers
CAUTIONARY DISCLAIMERS Although the Company believes that the assumptions underlying forward-looking statements are reasonable, they may prove to be incorrect and the Company cannot assure that actual results will be consistent with such statements. Given these risks, uncertainties and assumptions,
Slide 4: Project Overview / Corporate Strategy
PROJECT OVERVIEW CORPORATE STRATEGY Signed Binding Agreement with Generation Mining Limited to acquire the right to explore the Darnley Bay project for C$5 million¹ $4.0 M $1.0 M in shares CAD in cash CAD Signed Concession Agreement with the Elton Resources Corp. is a private exploration company foc
Slide 5: Management & Directors
MANAGEMENT & DIRECTORS Carson Phillips, M.Eng. Michael Galego CHIEF EXECUTIVE OFFICER & DIRECTOR DIRECTOR Carson Phillips is an executive with over fifteen years of experience in the mining Mr. Galego is an executive, lawyer and corporate director with extensive M&A and sector. He was also an initia
Slide 6: Management & Directors
MANAGEMENT & DIRECTORS Frederic Leigh Jr. Rob McLeod DIRECTOR DIRECTOR Mr. Leigh is the principal of a private British Columbia company providing Rob McLeod has over 25 years of experience in mineral exploration and mining, fundraising, investor relations and advisory services. He has over 10 years
Slide 7: Management & Directors
MANAGEMENT & DIRECTORS Aaron Triplett Stacie Jones, M.Sc., P.Geo. CHIEF FINANCIAL OFFICER GEOLOGIST Mr. Triplett is a Chartered Professional Accountant (CPA, CA), and has accumulated Stacie Jones is a geologist with 10+ years focussed on Canadian mineral deposits. over 15 years experience in the fie
Slide 8: Advisors
ADVISORS Kevin Stevens, P.Geo. Alan King, B.Sc., M.Sc. GEOPHYSICIST GEOPHYSICIST Mr. Stevens, a seasoned geoscientist with over 25 years of experience, has played a Alan received a B.Sc. in geology from the University of Toronto in 1976 and an M.Sc. in key role in discovering 14 mineral deposits in
Slide 9: Project Location
PROJECT LOCATION Paulatuk DARNLEY BAY PROJECT Situated in proximity to the hamlet of Paulatuk on the mainland, approximately 387 km east of Inuvik along the Arctic coast, the project is positioned within the Inuvialuit Nunavut Settlement Region ("ISR"). The ISR, established in 1984 through the Inuvi
Slide 10: Darnley Bay Gravity & Magnetic Anomaly
DARNLEY BAY STRONG LAND BASED DISCRETE GRAVITY ANOMALY AT 132 MILLIGALS (“MGAL”) ⁴ ⁵. GRAVITY & MAGNETIC DARNLEY BAY 132 ANOMALY SUDBURY BASIN 30 Darnley Bay NORIL’SK 25 BUSHVELD COMPLEX 80 OLYMPIC DAM 17 0 35 70 105 140 —— Source: Generation Mining Corporate Presentation, March 2019 Paulatuk DARNLE
Slide 11: Project History
PROJECT HISTORY Discovered in 1969 by Geological Survey 1954 of Canada (the “GSC”) during a regional survey. In 1973, the GSC carried out an aeromagnetic survey over the gravity anomaly which defined a coincident positive magnetic component. — DARNLEY BAY In 1954, International Nickel Limited overfl
Slide 12: Project History
PROJECT HISTORY In 1994 a report was completed by the GSC which suggested that the Darnley Bay anomaly is a result of a deeply buried Ni-Cu-PGE 1993 magmatic sulphide deposit similar to the 2000 In 2010, exploration continued with three Noril’sk deposit in Russia. Darnley Bay was drill holes. The dr
Slide 13: Project History
PROJECT HISTORY A number of additional geophysical programs 2015 between 2013 and 2018 were completed by Pine 2023 Point Mining and Generation Mining which better defined the anomaly. In July 2018, Generation completed an MT survey over a 40 x 50 km area on the anomaly. In 2015, the GSC completed a
Slide 14: Results + Analysis
RESULTS + ANALYSIS THE RESULTS AND ANALYSIS OF THE MT DATA IDENTIFIED: A B Source of Darnley 4 large conductive Bay Anomaly located MT anomaly locations at a depth of 10 to 13 (drill targets) ranging kilometers below the from 800-1200 Earth's surface. meters in depth. MAGNETOTELLURIC SURVEY “MT” An
Slide 15: 2018 MT Survey
2018 MT SURVEY A total of 116 MT, deep searching geophysical Paulatuk soundings, were collected on the Darnley Bay Hornaday River property, over a 40 x 50 km area, blanketing the Darnley Bay geophysical anomaly. Rueben Lake Target Area Analysis of the MT data has indicated four large Target Areas. H
Slide 16: Drill Program
DRILL PROGRAM ▪ Elton Resources plans to INTERPRETED MT RESISTIVITY SECTION / DRILL TARGETS complete a 8,000m drill program to test the four main Target Areas. ▪ Major Drilling will be our drilling partner for this exploration program. Source: Company Produced Image 16
Slide 17: Exploration Plan
EXPLORATION PLAN ELTON WILL COMPLETE AN EXPLORATION DRILL CAMPAIGN IN 2026: Complete 8,000 meter exploration drill campaign which will consist of four drill holes testing separate targets. Four broad target areas (blue areas) are the companies primary focus which include: Rueben Lake, Central, Horna
Slide 18: P5 Drill Target
Airborne Magnetic & Gravity Derivative Profiles 75 mGal 900 NT P5 DRILL TARGET ▪ Magnetic and gravity peak coincide with MT anomaly which represent our Priority Target. ▪ Drill hole P5 will test the Priority Target in the Rueben Lake area. ▪ MT image highlights the various basin layers and deep P5 m
Slide 19: P8 & P2 Drill Target
Airborne Magnetic & Gravity Derivative Profiles P8 & P2 DRILL TARGET 16 mGal 500 NT ▪ Magnetic and gravity peak coincide with MT anomalies Magnetic/Gravity Magnetic/Gravity Peak Peak which represent our Priority Targets. ▪ Drill holes P8 & P2 will test both Priority Targets in the Central and Hornad
Slide 20: Geology Overview
GEOLOGY OVERVIEW Sedimentry rocks are of the Shaler Supergroup, which had been deposited in a broad shallow sea called the Amundsen basin. The most comprehensive description of the geology of the region, as well as the mineral potential, is provided by a GSC report authored by Jefferson et al (1994)
Slide 21: Deposit Model
LEGEND Alkalic-felsic plutons DEPOSIT MODEL Carbonate rocks Continental crust Clastic sedimentary rocks; Oceanic crust; reducing burial diagenesis tholeiitic mafic rocks Clastic sedimentary rocks; Mantle; oxidizing burial diagenesis ultramafic rocks EPICONTINENTAL FAR-FIELD INTRACONTINENTAL Ni-Cu-PG
Slide 22: Norilsk Comparison
Norilsk Crustal Geological Model⁸ NORILSK COMPARISON DARNLEY BAY MT RESISTIVITY / DEPTH PROFILE • All intrusions are fed from a magma chamber at mid-crustal levels. • Layered intrusions have no significant vent for magma outflow. • Norilsk style deposit occurs at shallower depths within chonoliths t
Slide 23: Norilsk Comparison
TYPICAL SHAPES OF NORILSK ORE BODIES NORILSK COMPARISON TALNAKH NORILSK • ORE BODIES AT NORILSK ARE LARGE AND HIGH GRADE KHARAELAKH • MASSIVE SULFIDE MINERALIZATION AT NORILSK UP TO 50 METRES IN THICKNESS ⁹ • MASSIVE SULPHIDE ORE - 20.470 MT @ 4.23% NI, 5.83% CU, 12.95 G/T PD, NORILSK 2.54 G/T PT, 0
Slide 24: Olympic Dam Comparison
OLYMPIC DAM The “Hand of God” MT conductor connecting C3 in the mantle to Olympic Dam (OD)⁸. COMPARISON OLYMPIC DAM MT RESISTIVITY / DEPTH PROFILE DARNLEY BAY MT RESISTIVITY / DEPTH PROFILE Source: Elton Resources NI 43-101 Technical Report, August 2024 Source: Elton Resources NI 43-101 Technical Re
Slide 25: Deposit Model: Giant Deposits Come From Giant Systems
DEPOSIT MODEL GIANT DEPOSITS COME FROM GIANT SYSTEMS The same types of geologic features in the Bougeur Gravity and MT profile Darnley Bay basin are also found in prospective Rifted Basin Environments: Thick sedimentary layers Faults and structures Irregular basement surface Intrusive rocks A wide v
Slide 26: Darnley Bay Comparables
DARNLEY BAY COMPARABLES GRAVITY ANOMALY MINE RESOURCE TONNAGE COMMODITY GRADE MARKET CAP/TAKEOUT NOTES MILLIGALS ("MGAL") Darnley Bay is the strongest land based gravity anomaly DARNLEY BAY in the world measuring 100 x 60 kilometres. The project 132 MGAL DARNLEY BAY Ni, Cu, PGE (Canada) also hosts a
Slide 27: Highlights
HIGHLIGHTS Strong Land Based Gravity Anomaly Unparalleled Risk Reward Multiple 132 milligals (“mGAL”) gravity Each of the 4 drill targets is larger anomaly measuring 100 x 60 km. than one square kilometer. Advanced Exploration Single Asset Project - Drill Ready Company With DARNLEY BAY No Comparable
Slide 28: Commitment to the Community of Paulatuk
COMMITMENT TO EMPLOYMENT OPPORTUNITIES THE COMMUNITY ▪ Hire local residents to create new employment opportunities for the people of Paulatuk. OF PAULATUK ▪ Educate and train residents towards skilled jobs. COMMUNITY INVESTMENT Support initiatives in Paulatuk that enhance the well-being of the entir
Slide 29: Commitment to the Community of Paulatuk
COMMITMENT TO THE COMMUNITY ENVIRONMENTAL OF PAULATUK EXEMPLIFYING RIGOROUS ENVIRONMENTAL STANDARDS ACROSS EVERY STAGE OF THE MINING PROCESS: Exploration Discovery Development (Construction) Production Reclamation 29
Slide 30: Contact: Carson Phillips
Contact: Carson Phillips Email: [email protected] Cell: +1-604-657-5871
Slide 31: Statutory Rights of Action
STATUTORY RIGHTS OF ACTION This Presentation may be considered an offering memorandum thereby granting the potential purchasers statutory rights and contractual rights of action. Securities legislation in certain provinces of Canada may provide a purchaser with remedies for rescission or damages if
Slide 32: Statutory Rights of Action
STATUTORY RIGHTS OF ACTION Rights for Purchasers in Manitoba If an offering memorandum, together with any amendment to it, is delivered to a holder resident in Manitoba and contains a misrepresentation that was a misrepresentation at the time of purchase , the purchaser will be deemed to have relied
Slide 33: Statutory Rights of Action
STATUTORY RIGHTS OF ACTION Rights for Purchasers in Newfoundland and Labrador Under the securities legislation of Newfoundland and Labrador, a purchaser resident in Newfoundland and Labrador who purchases a security offered by an offering memorandum that is sent or delivered to such purchaser reside
Slide 34: Notes
NOTES Note ¹ Pursuant to an asset purchase agreement dated December 22, 2022 between Generation Mining Limited (“Generation”) and the Company, as amended, among other things, Generation is entitled to receive such number of common shares of the Company as is equal to the greater of: (i) $4,000,000 d
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