Pivotal Metals Limited · ASX:PVT
Pivotal Metals — Investor Presentation (March 2026)
29 slides from Pivotal Metals's investor presentation, Mar 3, 2026
Slide 1: Pivotal Metals Investor Presentation March 2026
For personal use only Pivotal Metals Investor Presentation March 2026 ASX:PVT High-grade copper & gold in a Tier 1 jurisdiction
Slide 2: Disclaimers
Disclaimers For personal use only The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this presentation is released, published or distributed should inform themselves about and observe
Slide 3: Investment highlights
Investment highlights For personal use only QUALITY COPPER TIER 1 STRONG MARKET VALUE AND GOLD LOCATION THEMATIC CATALYSTS BELLETERRE (100%) QUEBEC, A WORLD CLASS UNIVERSALLY BULLISH LOCATION OUTLOOK FOR COPPER ✓ Drilling high-priority • Impending drilling copper and gold targets campaign • Establis
Slide 4: Corporate overview
Corporate overview For personal use only Volume 30 Well financed with active news-flow Close $0.030 25 Strong cash balance 20 • $5.5m cash following recent placement $0.020 Volume (M) 15 Active program in place • 4,000m+ drilling program funded 2026 10 $0.010 • Large geophysics program supporting ne
Slide 5: Quality Québec critical and precious metals
Quality Québec critical and precious metals For personal use only Horden Lake Québec, Canada. 100% owned • Large copper endowment. Over 230kt Cu / 400kt CuEq2 in JORC compliant resources. • Major in-pit resource. 341 kt CuEq @ 1.1% CuEq4. shows low risk production scale pathway. • Significant explor
Slide 6: Québec – premier mining jurisdiction
Québec – premier mining jurisdiction For personal use only ‘Flow-through scheme’ tax incentives With tangible • Quebec has the highest tax credit in investment incentives Canada for critical metals exploration • Up to 2x leverage on money raised, without structural overhang Access to low-cost Excell
Slide 7: Belleterre Projects
For personal use only Belleterre Projects 7
Slide 8: Belleterre Projects
Belleterre Projects 160 km2 Well established mineralising system Strategic greenstone belt landholding For personal use only that is wildly underexplored 100% owned, consolidated by Pivotal • Intensely mineralised system active at a regional scale • Drilling hyper-biased to 1960s outcropping discove
Slide 9: Midrim Project: priority drill targets
Midrim Project: priority drill targets For personal use only Actively exploring priority areas Target: Alotta • Large new FLTEM conductor below spectacular grade deposit. • Conductor still open, and not tested with historical drilling. Target: Midrim East • FLTEM conductor. No outcrop, never drilled
Slide 10: Lorraine – Copper & Gold
Lorraine – - Copper & Gold Past producing with exciting gold and copper targets For personal use only Actively exploring priority areas Target: Shanty Lake • New FLTEM conductor. 500m x 150m, starts at 150m depth • Drilling pre-dates geophysics Target: Lorraine Mine • Conductors associated with 1960
Slide 11: Lorraine Mine – new targets in underexplored trend
Lorraine Mine – new targets in underexplored trend For personal use only Bonanza grade gold target Bonanza gold grades: Au-Cu quartz vein system encountered during 1960’s Cu-Ni mining • 28m @ 45.2 g/t Au & 3.2% Cu (6th level u/g crosscut) • 9.5m @ 14.1 g/t Au & 3.2% Cu (6th level u/g crosscut) • 1m
Slide 12: Horden Lake
For personal use only Horden Lake 12
Slide 13: Horden Lake Advanced Cu-Ni-Au-PGM-Co Project
Horden Lake 51,814m Advanced Cu-Ni-Au-PGM-Co Project of drilling For personal use only Substantial Exploration Upside 2025 MRE1 Mt CuEq % Cu % Ni % Au g/t Pd g/t Pt g/t Ag g/t Co ppm 407 kt CuEq - 2025 MRE In-pit 31.2 1.10 0.63 0.18 0.17 0.15 0.05 10.6 140 37mt @ 1.1% CuEq – 53% indicated category O
Slide 14: Scale Potential – deposit extension
Scale Potential – deposit extension For personal use only Undrilled targets, up to 1,000m Major EM anomalies down-plunge and along-strike massively expand the down-plunge extent upside potential of the project 2025 Drilling 2,200m A Excluded from MRE HN-24-94 HN-24-98 32m @ 0.96% CuEq (264m) incl. 1
Slide 15: Scale Potential – regional
Lorraine Scale Potential - Copper – regionalPast producing with exciting gold and copper targets For personal use only Significant potential to make additional discoveries Magnetics demonstrate scale opportunity • Classic magmatic Cu-Ni-PGM sulphide mineralization at the contact, base of a large reg
Slide 16: Metallurgical testwork derisks NSR
Metallurgical testwork derisks NSR For personal use only Attractive NSR potential from conventional flowsheet Crushing Low cost and simple flotation process Copper is the dominant economic driver (+80% NSR) Sorting? • 87-94% Cu total recovery shown in open and locked-cycle tests. 24 • High copper co
Slide 17: Development considerations
Development considerations For personal use only Conventional project with realistic 31mt @ 1.1% CuEq is pit-constrained1 Structural cost advantages development hurdles • Low-cost and complexity development pathway • National highway to within 10km • Scalable production capacity • Québec hydro-netwo
Slide 18: Standout pit-constrained resource on the ASX
Standout pit-constrained resource on the ASX For personal use only Grade and scale in-pit is key Pre-Development Pit-Constrained Resources on the ASX advantage of Horden Lake Larger projects 750 1.4% are all low-grade Contained CuEq Grade CuEq porphyries Horden Lake is one of the leading high-grade
Slide 19: Strategic Value: New World Resources case study
Strategic Value: New World Resources case study For personal use only M&A Surfaces Strategic Value the Market Overlooks Bidding war for PFS stage $0.080 100 mid-sized North American Volume 90 copper project $0.070 NWC Close $248m Cash Bid 80 $0.060 CAML-Kinterra bidding 70 • Bidding war for New Worl
Slide 20: Investment Highlights
Investment Highlights For personal use only EXPLORATION VALUE IS FULLY FUNDED PREMIER COPPER ENGINE UNDERPINNED CATALYSTS JURISDICTION LEVERAGE • Drill ready targets • Large Cu • Imminent drilling • Quebec is skills and • Clear structural at Belleterre endowment in on high-grade infrastructure rich,
Slide 21: Board & Management
Board & Management For personal use only Ivan Fairhall Simon Gray Robert Wrixon Managing Director Independent Independent Non- Non-Executive Chair Executive Director ▪ Chartered engineer, finance and capital ▪ Lawyer with strong background in ▪ Founder and Director of Starboard Global, a markets pro
Slide 22: Appendix
For personal use only Appendix
Slide 23: Strong supply / demand fundamentals
Strong supply / demand fundamentals set For personal use only The long continuous Open mineralisation strike results in a single means along strike open large tonnage open pit pit growth potential 23
Slide 24: Geological Setting – Horden Lake deposit
Geological Setting – Horden Lake deposit For personal use only Strong structural control for mineralisation • Mineralisation style supports good potential for resource extension • Magmatic sulphide deposit associated with mafic and ultramafic rocks • Mineralisation occurs along the contact of the ga
Slide 25: Midrim-Alotta deeps
Midrim-Alotta deeps For personal use only Section 1 2 3 MT survey showing major conductive anomalies that link the string of pearls • Major regional system potential that links multiple high-grade surface bodies • 2023 MT survey has confirmed mafic contact deposit model hypothesis • Extensive contac
Slide 26: 2025 JORC Compliant Mineral Resource Estimate
Appendix For personal use only Refer ASX announcement dated 29 April 2025 for full MRE technical disclosure. The Mineral Resource Statement considers the portions of the resource within the optimised pit shell at a cut-off of US$25/t NSR, 2025 JORC Compliant and the portions of the mineral resources
Slide 27: References
References For personal use only Economic Parameters, CuEq Equation (Horden Lake) Full Assay Breakdown of Referenced Drillholes Width Element Unit Price Recovery Sales Cost Factor Hole ID CuEq Cu% Ni% Au g/t Pd g/t Ag g/t Pt g/t Co ppm From (m) (m) Copper USD/t 9,921 90% 992 1.00 HN-24-98 32.1 0.96
Slide 28: Supporting information – referenced project details
Supporting information – referenced project details For personal use only ASX Pit-Constrained Resources Owner Grade M&I / Inferred Breakdown Project Location Stage Tonnes Grade Cu Cog Comment CuEq Formula Date ASX Link ASX Ticker CuEq Tonne (mt) Cu % Au g/t Ag g/t Other Shallow, but not https://cdn-
Slide 29: Pivotal Metals Limited
For personal use only Pivotal Metals Limited ABN 49 623 130 987 Level 10, 360 Queen Street Brisbane QLD 4000 GPO Box 2517 WA 6831 T: +61 8 9481 0389 E: info@pivotalmetals.com W: www.pivotalmetals.com