PMET Resources Inc. · TSX:PMET
PMET Resources — Patriot Battery Metals — Investor Presentation (July 2024)
54 slides from PMET Resources's investor presentation, Jul 3, 2024
Slide 1: Unlocking North America's Next Lithium District
For personal use only UNLOCKING North America’s Next Lithium District Webinar, July 2024
Slide 2: Legal Disclaimer
LEGAL DISCLAIMER THIS MANAGEMENT PRESENTATION (the "presentation") was prepared as a summary FORWARD-LOOKING STATEMENTS are not guarantees of future performance and involve risks, fluctuations in currency markets (such as the US dollar versus the Canadian dollar); the volatility of overview only of
Slide 3: Agenda
Corvette - Exploration and Resource Development For personal use only CV5 Project Development Market Commentary PATRIOT BATTERY METALS July 2024 Webinar 3 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA PMET
Slide 4: Introduction / Highlights
PATRIOT BATTERY METALS Introduction / Highlights For personal use only Patriot Battery Metals Size, scale, and quality. Corvette is the already the largest lithium is a hard-rock lithium pegmatite in the Americas, the 8th largest globally, with significant exploration potential. Large spodumene crys
Slide 5: The Corvette Property: Exploration and Resource Development
For personal use only THE CORVETTE PROPERTY 1 Major Workstream – st Exploration and Resource Development
Slide 6: CV5 Mineral Resource Estimate: Large, High-Grade
CV5 MINERAL RESOURCE ESTIMATE * Large, High-Grade Deposit/Project Location For personal use only 3.8 Mt of LCE Resource Pilgangoora Australia 2.00% ≈ 8 Years Of TOTAL N.A. Demand In 2027 Manono DRC Greenbushes Australia Wodgina Australia 1.80% 109.2 Mt at 1.42% Li2O Goulamina Mali (Inferred) Manono
Slide 7: CV5 Mineral Resource Estimate: Large, High-Grade
CV5 MINERAL RESOURCE ESTIMATE * Large, High-Grade For personal use only 2.00% Largest in the Americas in LCE Content 109.2 Mt at 1.42% Li2O (Inferred) 1.80% 1.60% PAK + Spark Grota do Cirilo Corvette 1.40% Separation Rapids Bandeira Whabouchi (CV5) Colina NAL Kings Mountain 1.20% Root Adina Moblan J
Slide 8: CV5 & Adjacent Spodumene Pegmatite Clusters
CV5 & ADJACENT Spodumene Pegmatite Clusters For personal use only • CV5 is currently a 4.6 km spodumene pegmatite as defined by drilling, which remains open • CV13 is currently a 2.3km spodumene pegmatite as defined by drilling, which remains open o New high-grade zone discovered with 34.4 m at 2.90
Slide 9: CV13 High Grade Zone
CV13 HIGH GRADE ZONE New High-Grade Zone at CV13 For personal use only • New high-grade spodumene pegmatite zone discovered at CV13: • 34.4 m at 2.90% Li2O, including 21.9 m at 3.58% Li2O (CV24-470). • Mineralization at shallow depth (starting at ~125 m vertical depth from surface) with a near-horiz
Slide 10: CV13 and CV5 - High Grade Zones
CV13 AND CV5 - HIGH GRADE ZONES New High-Grade Zone at CV13 For personal use only • New high-grade spodumene pegmatite zone discovered at CV13: • Points to additional exploration potential to the North of the previously identified CV13 zone • Delineation drilling now underway adjacent to the high-gr
Slide 11: Corvette Property: The Largest in the Americas
CORVETTE PROPERTY The Largest in the Americas For personal use only • 100% Owned • CV5 is the largest spodumene pegmatite in the Americas • CV5 traced by drilling over a strike length of 4.6 km and remains open along strike at both ends, and to depth along a significant portion of its length • MRE U
Slide 12: CV5 Mineral Resource Estimate
CV5 MINERAL RESOURCE ESTIMATE * 109.2 Mt at 1.42% Li2O, Inferred For personal use only • Geological model interprets a predominantly single, continuous, principal pegmatite body resulting in easier mining methods, lower costs • The size means it could feed multiple Gigafactories for decades or one f
Slide 13: The Corvette Property: CV5 Base Case Development Project
For personal use only THE CORVETTE PROPERTY 2 Major Workstream – nd CV5 Base Case Development Project 13 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA PMET
Slide 14: Recent Infrastructure Installations
For personal use only PATRIOT BATTERY METALS Recent Infrastructure Installations 14 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA PMET
Slide 15: Infrastructure Investment: Camp
INFRASTRUCTURE INVESTMENT Shaakichiuwaanan Camp For personal use only The camp is located at KM270 on the Trans-Taiga Road. The camp is a critical infrastructure considering upcoming closure of Mirage Outfitters in Q4 2024 and includes the following facilities: • 80 room camp for Phase 1; • Heated w
Slide 16: Infrastructure Investment: All Weather Road
INFRASTRUCTURE INVESTMENT All Weather Road For personal use only • The All-Season Access Road extends south from KM270 on the Trans-Taiga Road a distance of 20.2 km south to the CV5 deposit • The road is a critical investment and will enable significant cost savings on future drilling and exploratio
Slide 17: Project Background
For personal use only PATRIOT BATTERY METALS Project Background 17 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA PMET
Slide 18: Top Tier Mining Jurisdiction, Near Infrastructure
TOP TIER MINING JURISDICTION Near Infrastructure Canada For personal use only CV5 Spodumene Pegmatite Montreal at the Corvette Property is Strategically Located in the James Bay Region of Northern Quebec • ~13 km from all-weather road access • ~14 km from existing hydropower lines • ~50 km from La G
Slide 19: CV5 & CV13 Simple Mineralogy & Metallurgy
CV5 & CV13 Simple Minerology & Metallurgy For personal use only Both CV5 and CV13 — Potentially Processable at the same Plant • Consistently large spodumene crystals (potentially from the same source) • Representative testwork done across the whole orebody • Coarse-grained spodumene liberates effect
Slide 20: CV5 & CV13 Simple Mineralogy & Metallurgy
CV5 & CV13 Simple Minerology & Metallurgy For personal use only • Amendable to simple DMS process which means high recoveries with: • No grinding (high energy) • No flotation • Lower capex and lower opex • Quicker and easier commissioning • Low environmental impact — no harsh reagents required 20 TS
Slide 21: Approvals Process
For personal use only PATRIOT BATTERY METALS Approvals Process 21 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA PMET
Slide 22: Permitting: Mining Approval Process
PERMITTING Mining Approval Process For personal use only Project Description Environmental Impact Assessment Report • Baseline Data collection (2 years) Impact Benefit Agreement • Project guidelines • Alternatives Assessment (Commitments to Local Communities) • Preferred Project Design (based on the
Slide 23: Permitting: Corvette Impact Assessment Processes
PERMITTING Corvette: Impact Assessment Processes For personal use only Provincial Assessment & Review Procedure • All mining projects located south of the 55th parallel, in the territory is governed by the James Bay and Northern Quebec Agreement (“JBNQA”) • COMEX – Environmental and Social Impact Re
Slide 24: Permitting: Environmental Baseline Work
PERMITTING Environmental Baseline Work For personal use only Gantt chart of Environmental baseline work completed to date and planned to support the submission of the ESIA 24 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA PMET
Slide 25: Cree Engagement
Cree Engagement • Recent site celebrations / ceremony For personal use only and feast • Approximately 40 community members, including the Tallyman and his family • The entire site team • Camp Shaakichiuwaanaan • The name means climbing a hill or a mountain • As chosen by the Tallyman, his family and
Slide 26: Exploration, Resource Growth and Project Delivery
Exploration, Resource Growth and Project Delivery For personal use only Continue to Drill Exploration/ Community Develop CV5 Development Extend CV5 westward • Surface work on the • Build and enhance Deliver CV5 initial mineral to CV13 remaining prospective trend relationships with Chisasibi resource
Slide 27: Market Commentary
For personal use only PATRIOT BATTERY METALS Market Commentary 27 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA PMET
Slide 28: North American Downstream Landscape
NORTH AMERICAN Downstream Landscape For personal use only Gigafactory Cathode Active Material/precursor Cathode Active Material (CAM/pCAM) plants 28 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA PMET
Slide 29: North American Lithium Market
NORTH AMERICAN DOWNSTREAM LANDSCAPE North American Lithium Market For personal use only Planned Li Supply (kt LCE) Downstream Demand Select OEMs 419 2027 Battery Manufacturing Capacity 4 plants planned 199 GWh ~700 GWh 115 4 plants planned 165 GWh Implies up to ~477 kt 38 of lithium carbonate equiva
Slide 30: Thank you and Questions
For personal use only Thank you and Questions PATRIOT BATTERY METALS +1 (604) 279 8709 info@patriotbatterymetals.com patriotbatterymetals.com
Slide 31: Appendices
For personal use only Appendices
Slide 32: Our Team
For personal use only PATRIOT BATTERY METALS Our Team
Slide 33: Proven Team with a Track Record of Value Creation
PROVEN TEAM WITH A TRACK RECORD OF VALUE CREATION For personal use only Ken Brinsden Natacha Darren L. Alix Drapack Greg Barfoot Bradley Seward Olivier Garoute Smith Caza-Lapointe B.Eng. (Mining), CPA, LLB M.Sc., P.Geo. P.Eng., MBA, ICD.D M.Eng., MBA VP IR MAUSIMM, MAICD Vice President, Vice Preside
Slide 34: Corporate Snapshot
For personal use only CORPORATE Snapshot
Slide 35: Corporate Snapshot: Trading Update and Shareholder Register
CORPORATE SNAPSHOT Trading Update Shareholder Register For personal use only $20.00 4.0 0% 1% 2% 18% 21% 26% $15.00 3.0 3% Volume (mm) 54% 6% C$/sh $10.00 2.0 21% 48% $5.00 1.0 Australia HNW/family office United States Corporate UK Retail $0.00 - Canada Institutional Asia Insider Europe Volume (TSX)
Slide 36: Corporate Snapshot: Capitalization and Analyst Coverage
CORPORATE SNAPSHOT Trading Update Analyst Coverage For personal use only Pro-Forma Equity Raise CAD (m) Basic Shares Outstanding 141.1 Dilutive Securities 11 Fully Diluted Shares 152.1 Market Cap (as of May 27th) : $1,115 Cash (pro forma equity raise, as of April 30th) $119 Potential Cash from FDITM
Slide 37: CV5 Geological Model Side View
CV5 GEOLOGICAL MODEL Side View Side view of CV5 Spodumene Pegmatite geological model looking northerly (340o) — For personal use only principal pegmatite only. The principal pegmatite contains ~93% (101.8 Mt) of the total inferred resource tonnage (109.2 Mt) at CV5*. *CV5 mineral resource (109.2 Mt
Slide 38: CV9 Spodumene Pegmatite
CV9 SPODUMENE PEGMATITE Drilling at CV9 For personal use only • Wide intervals of variably mineralized spodumene-bearing pegmatite intersected in maiden drill program • 99.9 m at 0.39% Li2O, including 30.6 m at 0.80% Li2O (CV23-345) • 15.7 m at 0.76% Li2O, including 10.8 m at 1.00% Li2O (CV23-267) •
Slide 39: CV5 Mineral Resource: Pit Constrained Block Model
CV5 MINERAL RESOURCE * Pit Constrained Block Model For personal use only The CV5 mineral resource* block model, at a pit-constrained inferred level of confidence, incorporates ~3.4 km of the total 4.6 km long pegmatite as has been defined by drilling to date. *CV5 mineral resource (109.2 Mt at 1.42%
Slide 40: CV5 Mineral Resource: Cut-off Grade Sensitivity Analysis
CV5 MINERAL RESOURCE * Cut-off Grade Li2O ≥ Cut-off Sensitivity Classification Tonnes ≥ Cut-off Li2O (%) (%) 0.10 Inferred 123,357,000 1.28 Analysis 0.20 Inferred 116,246,000 1.35 For personal use only 0.30 Inferred 112,215,000 1.39 0.40 Inferred 109,242,000 1.42 0.50 Inferred 106,285,000 1.45 0.60
Slide 41: CV5 Geological Model Cross-Sections
CV5 GEOLOGICAL MODEL Model Cross-Sections For personal use only 41 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA PMET
Slide 42: CV5 Geological Model Cross-Sections
CV5 GEOLOGICAL MODEL Model Cross-Sections For personal use only 42 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA PMET
Slide 43: Permitting: Proven Pathway
PERMITTING Proven Pathway For personal use only Canadian Permitting Process • Formal Federal authorization process • Thousands of HADD permits are (referred to as HADD) managed issued by the DFO annually for a by the Department of Fisheries & large variety of industries in Canada Oceans (“DFO”) to o
Slide 44: Permitting: The Project Guidelines
PERMITTING The Project Guidelines Four basic principles should guide the proponent: For personal use only Context 1. Integration of sustainable development • Proponent, description of the project and its context, purpose of the project objectives • Listing of the laws, regulations, agreements and po
Slide 45: Permitting: The Project Guidelines
PERMITTING The Project Guidelines For personal use only Analysis of the project’s impact (positive and negative) Risk management • Methodology used • Analysis of the major technological accident risks • On biophysical environment: water, wetlands, aquatic & terrestrial habitat, fauna, • Description
Slide 46: Permitting: Alternatives Assessment
PERMITTING Alternatives Assessment For personal use only Subsequent studies (preliminary economic assessment, pre-feasibility and feasibility studies) will: 1. Analyze other alternatives, for example: • Location of the mining infrastructure (ore processing plant and other buildings). • Location of r
Slide 47: Permitting: Alternatives Assessment
PERMITTING Alternatives Assessment For personal use only 47 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA PMET
Slide 48: Steps of the ESIA Process
STEPS OF THE ESIA PROCESS Quebec 2. ESIA Guidelines 4. COMEX Review of the 5. Decision Authorizations Issued in April by MELCCFP and COMEV ESIA Report Issuance of a Certificate of Target Q1 2028 Provincial authorization Process For personal use only Public Hearings 2022 2023 2024 2025 2026 2027 2028
Slide 49: Permitting: First Nations
PERMITTING First Nations James Bay and Northern Quebec Agreement For personal use only • Establishes a partnership between the Cree, Inuits, Quebec and Canada • Gives expression to the inherent Cree right of self-government, providing key support for modern Cree Nation governance • Cree and Inuits e
Slide 50: Permitting: The Impact Benefit Agreement
PERMITTING The Impact Benefit Assessment (IBA) For personal use only An IBA is an Agreement executed between a project proponent and one or more First Nation, Inuit, or Métis communities. It encourage community members participation in, and support for, the proposed project. The typical chapters of
Slide 51: Constitutional Rights for Indigenous Consultation
PERMITTING Constitutional Rights for Indigenous Consultation • The Crown has the duty to consult and, where appropriate, accommodate Indigenous groups For personal use only when it considers conduct that might adversely impact potential or established Aboriginal or treaty rights (derived from sectio
Slide 52: Catalysts: Focus on Execution & Value Creation
CATALYSTS Focus on Execution & Value Creation 2023 Q1 24 Q2 24 Q3 24 Q4 24 2025 2026 2027 2028 2029 For personal use only CV5 and Phase One Production Drill Program and Results Update Mineral Resource Estimate Technical Work to Support PFS Baseline Environmental Monitoring Project Description for Pe
Slide 53: CV5 Maiden Mineral Resource Statement
CV5 MAIDEN Mineral Resource Statement For personal use only Cut-off Tonnes Li2O Ta2O5 Contained Li2O Contained LCE Grade Classification (Mt) (%) (ppm) (Mt) (Mt) Li2O (%) 0.40 Inferred 109.2 1.42 160 1,551,000 3,835,000 • Mineral resources were prepared in accordance with National Instrument 43-101 —
Slide 54: Notes: Peer Comparison Information
NOTES PEER COMPARISON INFORMATION Reserves (Mt LCE) Resources (Mt LCE) — Inclusive of Reserves Company Project Stage Information Source(s) Proven Probable Total Reserves Measured Indicated Inferred Total Resources AVZ Minerals Manono (75%) Feasibility 2.0 2.0 4.0 3.1 5.3 3.9 12.3 AVZ Minerals June 2
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