Power Metallic Mines Inc. · TSXV:PNPN

Power Metallic Mines — Power Nickel — Investor Presentation (October 2022)

28 slides from Power Metallic Mines's investor presentation, October 2022

  1. Slide 1: Canada’s Next Low Carbon High Grade Nickel Mine?

    TSX.V: PNPN | OTC: CMETF | FRA: IVVI powernickel.com Canada’s Next Low Carbon High Grade Nickel Mine? Q3 2022

  2. Slide 2: Disclaimer

    Disclaimer Forward Looking Statements Except for historical information contained herein, this presentation may contain forward looking statements including but not limited to comments regarding predictions and projections. Forward looking statements address future events and conditions and therefor

  3. Slide 3: Why Invest now?

    Why Invest now? New NI 43-101 Q1/23 Trading At Commodity Bull New Drill Program Discount to Comps Market is Here! Q3-Q4 High Grade Nickel Bonus Spin Out Nickel is New Gold Copper Cobalt PGE Q3 2023 Nisk Project 3

  4. Slide 4: Quebec Canada A Top Tier Location

    Quebec Canada A Top Tier Location 4

  5. Slide 5: NISK – Historical 43-101

    NISK – Historical 43-101 Table -1: Historical Resource Estimate figures for respective confidence categories After RSW Inc 2009: Resource Estimate for the NISK-1 Deposit, Lac Levac Property, Nemiscau, Québec The information regarding the NISK-1 deposit was derived from the technical report titled “R

  6. Slide 6: NISK – String of Pearls ?

    NISK – String of Pearls ? “Wildcat” Target Nisk Main Nisk West “Wildcat” Target 3 km 6

  7. Slide 7: NISK – Drill Results Dec 2021 Campaign

    NISK – Drill Results Dec 2021 Campaign

  8. Slide 8: Nisk Main Overview

    POWER Nisk Main Overview NICKEL NiskbWest Nisk East Extension i xtension, powernickel.com 500m Drillhole Legend Grade (%4NiE ¢ Nisk Central Q) Validated Drillhole Collar >300 Deep Open Z Validated Drillhole Trace i 2.00-3.00 © Mineralized Zone Pierce Point ineralized Zone Pierce Poit [p]1202.00 / Pl

  9. Slide 9: NISK – Deposit is Open at Depth and along Strike

    NISK – Deposit is Open at Depth and along Strike Sources MERNQ: DP 2001-08 9 (1) MERNQ Statutory reports: GM 16857, GM 25001, GM 47653, GM 63212, GM 63867, GM 636372, GM 66769

  10. Slide 10: Multiple Open Targets to the East, West and at Depth

    powernickel.com % a Ww L FE Ww = ©) ) = 1e) Zz a Zz a = >< wn F Multiple Open Targets to the East, West and at Depth P_2021_002 IN) POWER INF_2022_007 P_2021_012 / / iF 4 f P_2024_014 P_2021_011 P_2021_013_B Drillhole Legend Q Validated Drillhole Collar Z Validated Drillhole Trace © Mineralized Zone

  11. Slide 11: NISK – Action Plan

    NISK – Action Plan 1. Phase 2 Drilling Up To 7000 Metres 2. Expand Resource and Test Exploration of Adjacent Pods 3. Release Drill Results Q4 2022 Q1 2023 4. Update NI 43-101 5. Initiate 15,000 Metre Phase 3 Drill Program 6. Funding 11

  12. Slide 12: Three Ways To Grow Shareholder Value

    Three Ways To Grow Shareholder Value 1. Get paid more $ per Pound of NiEq Discovered (2-10X) Most unknown Nickel resource as we get exposure gap will close As we approach a commercial quantity and quality of ore we will get paid more As we de-risk metallurgy we will get paid more As we de-risk ESG w

  13. Slide 13: Bonus – Proposed Public Spinoff

    Bonus – Proposed Public Spinoff Consolidation Gold & Copper British Columbia Chile 13

  14. Slide 14: Golden Ivan is in Discovery Zone

    Golden Ivan is in Discovery Zone 14

  15. Slide 15: Golden Ivan – Surface Rock Results

    Golden Ivan – Surface Rock Results 15

  16. Slide 16: Ascot Mine Announcement Major Positive

    Ascot Mine Announcement Major Positive Strikepoint - $16 M Scottie Resources - $39 M Power Nickel - $10 M As of Sept 9 2022 16

  17. Slide 17: Where are we in Chile?

    Where are we in Chile? Mantos Blancos >500Mt @ 1.0% Cu 30 km Manto Verde 180Mt @ 0.60% Cu oxide, >400Mt @ 0.52% Cu sulfide Candelaria 600Mt @ 0.95% Cu, 0.2 g/t Au, 3.0 g/t Ag Zulema LEGEND Palo Negro Chilean Metals Property Hornitos IOCG Mine Tierra de Oro Copper Mine/ Deposit IOCG Belt Tabaco Fault

  18. Slide 18: Zulema – New Confirmed Geophysical Targets

    Zulema – New Confirmed Geophysical Targets Conducting New Magnetics Over Circle Area For Lundin Review 18

  19. Slide 19: Bonus – Copaquire Royalty with Teck

    Bonus – Copaquire Royalty with Teck ✔ Teck Acquired Copaquire acquires for $3 Million USD + a 3% NSR Xstrata/Anglo Codelco Codelco ✔ Teck Acquired Copaquire with two NI 43-101 Resources…10k’s away from QB1 Xstrata/ Anglo Xstrata/ ✔ Teck and Collahuasi are collaborating on developments between QB and

  20. Slide 20: Experienced Team

    Experienced Team Greg McKenzie Terry Lynch Peter Kent Director CEO Chairman Ximena Perez, Les Mallard MD Chile Director 20

  21. Slide 21: Current Capital Structure

    Current Capital Structure Total Shares Issued 91,906,898 Exchange Market Traded Fully Diluted 105,668,198 Toronto (TSX-V) Symbol “PNPN” Santiago (SSE) Symbol “CMX” Warrants Issued (with average $.44) 5,511,300 USA (PS) Symbol “CMETF” Options Issued ($ with 8,250,000 MILA Symbol “CMX” average $.28) 5

  22. Slide 22: Ten Reasons to Invest in PNPN Now.

    Ten Reasons to Invest in PNPN Now. 1. Power Nickel drill results indicate major nickel sulfide discovery 2. Trading at Discount to Peer Group 3. Drill results provide excellent base to grow 4. Up to 7,000 Metre program started Sept 14 5. Exploration Modelling of NISK suggests it has great potential

  23. Slide 23: Powering the next generation with HIGH-GRADE NICKEL

    Powering the next generation with HIGH-GRADE NICKEL Terry Lynch, CEO Email: terry@powernickel.com Business Development Contact: Investor Relations Contact: Bob Heimler Ted Heimler +1 (437) 238-1962 Ted@powernickel.com Bob@powernickel.com 23

  24. Slide 24: Appendix

    Wwo9'|a49) Aod Appendix IAAI Waa | SLAW SOLO | NdNd ‘AXSL 24

  25. Slide 25: Save Canadian Mining – Stopping Predatory Short Selling

    Save Canadian Mining – Stopping Predatory Short Selling www.SaveCanadianMining.com 25

  26. Slide 26: NISK- EV Sector Driving Nickel Demand

    NISK- EV Sector Driving Nickel Demand 26

  27. Slide 27: NISK - Not All Nickel Works for EV

    NISK - Not All Nickel Works for EV 27

  28. Slide 28: NISK - The Right Nickel To Satisfy Demand

    NISK - The Right Nickel To Satisfy Demand Sources: 28

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