Slide 1: Opportunity for potential significant gold discovery
For personal use only Opportunity for potential significant gold discovery Investor Presentation – August 2021
Slide 2: Disclaimer & Forward Looking Statement
Disclaimer & Forward Looking Statement Insert updated disclaimer – not IPO related For personal use only The purpose of this presentation is to provide background information to assist readers in obtaining a general understanding of Polymetals Resources Ltd (ASX: POL, “Polymetals” or the “Company”)
Slide 3: Investment Highlights
Investment Highlights For personal use only Mining Jurisdiction 1 Siguiri Basin, host of the world class Siguiri Gold Mine, Nordgold Lefa Gold Mine and ASX explorers Predictive Discovery (ASX:PDI) and Golden Rim Resources (ASX:GMR). Siguiri Basin Gold Potential 2 Siguiri Basin is located in NE Guine
Slide 4: Company Highlights
Company Highlights For personal use only Recognised Established Promising Strategic Location Relationships Results Management • Gold exploration within • Strong and • 16% of the licence area • Fully funded for two West Africa’s fertile productive hosts +40ppb gold years of planned Birimian Greenston
Slide 5: Corporate Overview
Corporate Overview For personal use only Capital Structure Shareholders Board & IPO Shareholders 24% A$0.14 A$11.12M Management Share Price Market Cap at 52% (as at 09/08/21) A$0.14/Share 79.44M Nil Ordinary Shares Debt Other Shareholders 24% Nil A$5.0M Options Cash Balance 30 June 2021 Share Price
Slide 6: Corporate Leadership
Corporate Leadership For personal use only Mr David Sproule Dr Chris Johnston Mr Chris Schroor Non - Exec Chairman Non - Exec Director Non - Exec Director Mr David Sproule has specialised in value creation Dr Christopher Johnston is a first-class honours Mr Schroor is a founding director of the Azur
Slide 7: Productive months
A Productive 12 months For personal use only Exploration Alahiné Phase 1 Alahiné Phase 2 planning from drilling program drilling program receipt of assays completed commenced & data analysis March Dec June Aug Sep 2020 2020 2021 2021 2021 Mansala licence Alahiné Phase 2 IPO on ASX soil sampling Dril
Slide 8: Guinea's Siguiri Basin
Guinea’s Siguiri Basin For personal use only Senegal Mali Guinea - Bissau Lero-LEFA | NORD Operating in Guinea (2019) Siguiri |AGG Alahiné |POL Mansala|POL Kada | GMR Infrastructure Increasing focus on highway & rail Guinea Siguiri Basin development Kouroussa |HUM Mineral potential Geologically fert
Slide 9: Guinea Mining Industry Snapshot
Guinea Mining Industry Snapshot For personal use only Potential for Significant Gold Discovery A significant gold endowment with 10% of West Africa’s gold (900,000 oz p.a. and significant artisanal production). Plentiful Bauxite Guinea hosts an estimated 40 billion tonnes of bauxite with a grade of
Slide 10: Guinea Market Overview
Guinea Market Overview For personal use only Despite past financial issues, the long-term economic prognosis for Guinea remains promising, buoyed by: • Strong endowments of natural resources • Energy opportunities • Arable land • Reliable rainfall In the 2020 Fraser Institute Annual Survey of Mining
Slide 11: Methodical Process For Major Discovery
Methodical Process For Major Discovery For personal use only Polymetals’ focus is to make a major gold discovery through methodical and modern exploration over proven gold-endowed targets in Guinea’s Siguiri Basin. Downhole survey AH21ARC029 (July 2021) ASX: POL | 11
Slide 12: Polymetals Siguiri Basin Portfolio
Polymetals Siguiri Basin Portfolio For personal use only • Siguiri Basin hosts several large active gold mining operations. • Siguiri Basin is underexplored and known for its significant and widespread gold anomalism. • POL owns two Exploration Licences: Alahiné and Mansala (112km2). • Licences loca
Slide 13: Alahiné Licence
Alahiné Licence For personal use only Completed • Two soil sampling programs (2017 - 2019) • Phase 1 drilling program (2019 - 2020) • Phase 2 drilling program (2021) Licence Details • Area: 64km2 • Renewal: April 2022* *Based on good-standing of the Licence. Gold Mineralisation • Orogenic • Oxide La
Slide 14: Alahiné Soil Geochemistry
Alahiné Soil Geochemistry For personal use only 13.4km2 or 20% of the licence area covered by +40ppb gold anomalism Area A • Area A • Local artisanal mining activity; • Exposed vein quartz over 1.5km; and • Peak soil value of 13.2 g/t gold. • Area B • Current artisanal “gold rush”; Area B • Quartz v
Slide 15: Alahiné Phase 2 Drilling
Alahiné Phase 2 Drilling For personal use only • 7,320m drilling program completed – testing artisanal gold workings, areas enclosed by 40 ppb Au-in-soil contour and new priority targets. • 94 air core (AC) holes for 6,840m; and • 4 reverse circulation (RC) holes for 480m. • Analyses conducted by SG
Slide 16: Mansala Licence
Mansala Licence For personal use only • Whole of licence soil sampling completed. • First drill program planned. Licence Area • Area: 48km2 • Renewal: October 2022* *Based on good-standing of the Licence. Gold Mineralisation • Orogenic • Oxide Laterite • Primary Artisanal gold production at Mansala
Slide 17: Mansala Soil Geochemistry
Mansala Soil Geochemistry For personal use only 5km2 or 10% of the licence area hosts +40ppb gold anomalism • Phase 1 soil sampling program completed Dec 2020. • Peak soil assay 93.9g/t gold. • North East Mansala Licence area has elevated topography and is geochemically prominent with concentrations
Slide 18: Environment, Sustainability & Governance
Environment, Sustainability & Governance See another option on next slide. For personal use only “Committed to the highest international ESG standards” Environment Sustainability Governance Health & Safety • Compliance with Guinea • Local workforce 100% Guinea • Regular reporting under the • Best pr
Slide 19: Opportunity for potential significant gold discovery
For personal use only Opportunity for potential significant gold discovery www.polymetals.com David Sproule | Chairman +61 (0) 414 618 964 dave.sproule@polymetals.com Alex Hanly| CEO +61 (0) 448 418 725 alex.hanly@polymetals.com This presentation was authorized for release to the ASX by the Board of