Winshear Metals Corp. · TSXV:WINS
Winshear Metals — Investor Presentation (August 2025)
25 slides from Winshear Metals's investor presentation, Aug 11, 2025
Slide 1: The UK’s Highest-Grade Nickel-Copper-Cobalt Project
The UK’s Highest-Grade Nickel-Copper- Cobalt Project August 2025
Slide 2: Disclaimer and Forward-Looking Statements
Disclaimer and Forward-Looking Statements This presentation may contain forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of Peak Nickel Ltd. (“PNL”) to be materially different from any f
Slide 3: Summary
Summary • High-grade critical metals project in Aberdeenshire, Scotland: good jurisdiction, excellent infrastructure • Peak Nickel holds the 250km2 Portsoy exploration licence over regional targets • Rodburn target (within the Portsoy area) discovered in the early 1970s by Rio / Goldfields JV – no f
Slide 4: UK Permitting & Local Support
UK Permitting & Local Support • UK mining projects do get permitted, including in national parks e.g. Woodsmith and Cononish • Peak Nickel has the 250km2 Portsoy exploration licence over regional targets, within which it also has 100-year mining rights on the farms hosting the Rodburn target and str
Slide 5: Rodburn
Rodburn • One of the highest-grade battery metal projects in Europe • PNL works since 2020 confirms much larger resource potential, open in all directions • The 2024 drill programme expanded known mineralised extents • Cobalt grades to 0.24% - best Ni-Cu-Co intercepts ever drilled in British Isles •
Slide 6: Location
Location • Railway adjacent to project leading to Aberdeen & Inverness Free Ports Inverness • Main road within 5 miles Rodburn of the Rodburn target • Local skilled geologists and engineers Aberdeen • One hour drive from Aberdeen Airport • Easy access to Nickel smelters in Scandinavia RBD018 peaknic
Slide 7: Regional Geology
Regional Geology • Rodburn project contains the most extensive magmatic sulphide and highest Ni-Cu-Co grades known in the British Isles • High-grade sulphides tend to be bottom loaded in a conduit setting, with Ni tenor ~5% RBD018 peaknickel.co.uk 7
Slide 8: PNL Drilling – Multiple High-Grade Intercepts
PNL Drilling – Multiple High-Grade Intercepts Hole ID From (m) Length (m) Ni (%) Cu (%) Co (ppm) % NiEq RBD001 40.52 12.48 0.63 0.54 403 0.93 incl. 45.00 6.00 0.96 0.73 601 1.37 RBD002 50.60 35.40 0.71 0.30 473 0.91 incl. 70.00 12.00 1.42 0.54 929 1.80 RBD003 103.94 14.06 0.34 0.40 242 0.55 incl. 11
Slide 9: PNL Drilling to 2024
PNL Drilling to 2024 Massive, semi-massive & disseminated sulphide: RBD002: 12.0m @ 1.42% Ni, 0.54% Cu, 0.09% Co (1.80% NiEq) from 70.0m RBD018 peaknickel.co.uk 9
Slide 10: PNL Drilling to 2024
PNL Drilling to 2024 75m down-dip of previous hole RBD004: 12.3m @ 1.48% NiEq from 112m incl. 5.97m @ 1.92% Ni, 1.5% Cu, 0.12% Co (2.77% NiEq) from 118.3m RBD018 (note coarse pentlandite grains observed in massive sulphides) peaknickel.co.uk 10
Slide 11: PNL Drilling to 2024
PNL Drilling to 2024 60m off-section from previous holes RBD009: 13.8m @ 1.73% NiEq from 51.6m RBD018 incl. 5.4m @ 2.04% Ni, 0.56% Cu, 0.10% Co (2.44% NiEq) from 60m peaknickel.co.uk 11
Slide 12: Rodburn Progress to 2025
Rodburn Progress to 2025 • Two main mineralised zones drilled (see Sections A-B, C-D & E-F) • Geologically similar & 600m apart – connected? E • Zones wide open – more drilling needed to test strike & down-dip F potential of each • Mineralised structures are over 3km long - untested • Numerous other
Slide 13: Section A – B (South Zone)
Section A – B (South Zone) • Sub-crops beneath till cover • Conduit / Feeder zone- style of mineralisation in common with World-Class nickel sulphide deposits • Last hole extends mineralisation 100m down-dip of the best intercept – still wide open along strike and to depth RBD018 Open peaknickel.co.
Slide 14: Section E – F (South Zone)
Section E – F (South Zone) • On strike and 150m NE of Section A – B with the same style mineralisation • Last hole drilled (RBD024) confirms mineralisation is thickening and increasing in grade • Still wide open along strike and to depth RBD018 Open peaknickel.co.uk 14
Slide 15: Section C – D (North Zone)
Section C – D (North Zone) • ~600m NE of South Zone • Bulk-tonnage conduit- style target hosted by Open Open gabbros and peridotites • Not yet tested up-dip, down-dip or along strike • Shallow dipping and only drilled to 70 metres vertical depth RBD018 peaknickel.co.uk 15
Slide 16: Polished Cores
Polished Cores RBD002: 72.0m – 73.0m. 2.67% Ni, 0.72% Cu, 0.18% Co RBD016: 81.0m – 82.0m. 2.45% Ni, 0.67% Cu, 0.24% Co RBD018: 100.9m – 102.0m. 2.68% Ni, 1.61% Cu, 0.12% Co RBD018: 100.9-102.0m RBD004: 2.68% Ni, 120.0m – RBD018 121.0m 1.61% Cu, 3.09% Ni, 0.12% Co 0.59% Cu, RBD015: 67.0m – 68.0m. 0.6
Slide 17: South Zone Block Model – View NE
South Zone Block Model – View NE RBD018 peaknickel.co.uk 17
Slide 18: Long Section Shows Potential Increase Scale
Long Section Shows Potential Increase Scale • 2025 planned drilling (red dots) will expand resource potential significantly – see rotating Block Models and Long Section a – a’ below • Another 1,000m of drilling will demonstrate the true potential RBD018 peaknickel.co.uk 18
Slide 19: Section a – a’ : South Zone Long Section
Section a – a’ : South Zone Long Section • Our drilling has confirmed at least three mineralised zones to date in a compact area – there may be more • South Zone long section confirms scalability • JORC Exploration Target Estimate of 10Mt-20Mt grading 1.0% to 1.9% NiEq planned to be tested in 2025 (
Slide 20: BMs of N & S Zones with Planned 2025 Works
BMs of N & S Zones with Planned 2025 Works Rotating View: Block Model (contoured per legend); Drilled holes = blue; Planned holes = grey. Wireframe expansions = pink RBD018 peaknickel.co.uk 20
Slide 21: Next Phases at Rodburn
Next Phases at Rodburn • Thereafter >7,000m of drilling has been planned: • Extend South Zone along strike and to depth • Expand the North Zone target N and E RBD018 peaknickel.co.uk 21
Slide 22: Auchmill Target
Auchmill Target • ~10km from Rodburn • Not optioned to Winshear • EVL identified numerous geophysical anomalies - two were randomly drilled • EVL Assays >0.2% Ni. PNL resampling identified zones >1.5% Cr • PNL soil sampling identified a large coincident soil anomaly (Ni-Cu-Co- Cr-Ti-V) 1,000m x 500m
Slide 23: PNL Board & Management
PNL Board & Management Chris MacKenzie – Co-founder & Managing Director Chartered Geologist with over 35 years of global industry experience. UK BSc. Degree in Geology and an MSc. in Exploration Geology from Rhodes University in South Africa. Chris began his career as a mining and exploration geolog
Slide 24: PNL Share Structure
PNL Share Structure Shares Issued 44,987,404 Ownership Management & Directors 27,062,500 60.16% Ormonde Mining plc 8,500,000 18.89% Other Investors 9,424,904 20.95% Stock Options 4,250,000 @ 16p/share Fully Diluted 48,537,930 RBD018 peaknickel.co.uk 24
Slide 25: Summary
Summary • Rodburn is the most advanced and is the UK’s highest-grade critical metals project; one of the highest grade in Europe and has world-class infrastructure • JORC Exploration Target Estimate: 10Mt – 20Mt grading 1.0% to 1.9% NiEq • Confirmed high-grade near-surface Ni-Cu-Co resource with sur
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