PMET Resources Inc. · TSX:PMET
PMET Resources — Patriot Battery Metals — Investor Presentation (July 2023)
40 slides from PMET Resources's investor presentation, Jul 31, 2023
Slide 1: Next Lithium District
For personal use only Next Lithium District TSXV: PMET | ASX: PMT | OTCQX: PMETF | FWB: R9GA
Slide 2: Legal Disclaimer
Legal Disclaimer THIS MANAGEMENT PRESENTATION (the "presentation") was prepared as a summary business objectives, the ability to raise sufficient funds from equity financings in the future to of the metals markets, and its potential to impact our ability to meet its financial obligations; overview o
Slide 3: Patriot Battery Metals Highlights
Patriot Battery Metals Highlights Patriot Battery Metals is a hard-rock lithium exploration company focused on For personal use only advancing its district-scale discovery at the 100% owned Corvette Property in the James Bay region of northern Quebec. CV5 maiden mineral Significant potential for Cor
Slide 4: Corvette Property: Lithium Pegmatites
Corvette Property: Lithium Pegmatites Over 70 lithium pegmatite Spodumene Pegmatite Clusters For personal use only outcrops identified: 50+ km of CV5 Spodumene trend with only ~25 km Pegmatite evaluated to date, and more CV4 CV9 than 20 km to be explored CV12 Multiple distinct clusters of CV13 lithi
Slide 5: Other Spodumene Pegmatite Clusters
Other Spodumene Pegmatite Clusters CV9 Spodumene Pegmatite CV8 Spodumene Pegmatite CV13 Spodumene Pegmatite For personal use only Multiple grab samples > 2% Li2O over Channel sample of 5.6 m at 1.93% Li2O. ~450 m strike length. Channel sample of Not yet drill tested. 15.0 m at 0.46% Li2O. Not yet dr
Slide 6: CV5 & Adjacent Spodumene Pegmatite Clusters
CV5 & Adjacent Spodumene Pegmatite Clusters • CV5 is a 3.7 km-long spodumene pegmatite body, as defined by For personal use only drilling, which remains open • CV13 is a cluster of >20 spodumene pegmatite outcrops extending over a ~2.3 km trend • CV13 is situated ~3.8 km along geological trend from
Slide 7: CV5 Mineral Resource Estimate
CV5 Mineral Resource Estimate* 109.2 Mt at 1.42% Li2O, Inferred For personal use only • Tier 1 world class spodumene pegmatite: size, grade, and metallurgy • Largest lithium pegmatite mineral resource in the Americas and 8th largest globally • Based on 163 core holes; total of 56,385 metres drilled
Slide 8: CV5 Mineral Resource Estimate: Large, High-Grade (Largest in the Americas)
CV5 Mineral Resource Estimate*: Large, High-Grade Largest in the Americas For personal use only *CV5 mineral resource (109.2 Mt at 1.42% Li2O and 160 ppm Ta2O5 inferred) is reported at a cut-off grade of 0.4% Li2O with effective date of June 25, 2023. Mineral resources are not mineral reserves as th
Slide 9: CV5 Mineral Resource Estimate: Large, High-Grade (8th largest in the world)
CV5 Mineral Resource Estimate*: Large, High-Grade 8th largest in the world For personal use only *CV5 mineral resource (109.2 Mt at 1.42% Li2O and 160 ppm Ta2O5 inferred) is reported at a cut-off grade of 0.4% Li2O with effective date of June 25, 2023. Mineral resources are not mineral reserves as t
Slide 10: CV5 Geological Model Cross-Sections
CV5 Geological Model Cross-Sections For personal use only TSXV: PMET | ASX: PMT | OTCQX: PMETF | FWB: R9GA PATRIOT BATTERY METALS 10
Slide 11: CV5 Geological Model Cross-Sections
CV5 Geological Model Cross-Sections For personal use only TSXV: PMET | ASX: PMT | OTCQX: PMETF | FWB: R9GA PATRIOT BATTERY METALS 11
Slide 12: CV5 Geological Model Cross-Sections
CV5 Geological Model Cross-Sections For personal use only TSXV: PMET | ASX: PMT | OTCQX: PMETF | FWB: R9GA PATRIOT BATTERY METALS 12
Slide 13: CV5 Geological Model: Side View
CV5 Geological Model: Side View For personal use only Side view of CV5 Spodumene Pegmatite geological model looking northerly (340 o) - principal pegmatite and subordinate lenses. TSXV: PMET | ASX: PMT | OTCQX: PMETF | FWB: R9GA PATRIOT BATTERY METALS 13
Slide 14: CV5 Geological Model: Side View
CV5 Geological Model: Side View For personal use only The principal pegmatite contains ~93% (101.8 Mt) of the total inferred resource tonnage (109.2 Mt) at CV5*. Side view of CV5 Spodumene Pegmatite geological model looking northerly (340 o) - principal pegmatite only. *CV5 mineral resource (109.2 M
Slide 15: CV5 Mineral Resource: Pit Constrained Block Model
CV5 Mineral Resource*: Pit Constrained Block Model The CV5 mineral resource* block model, at a pit-constrained inferred level For personal use only of confidence, incorporates ~3.4 km of the total 3.7 km long pegmatite as has been defined by drilling to date. Select views of the pit constrained, inf
Slide 16: CV5 Mineral Resource: Pit Constrained Block Model
CV5 Mineral Resource*: Pit Constrained Block Model The CV5 mineral resource block* model, at a pit- For personal use only constrained inferred level of confidence, incorporates ~3.4 km of the total 3.7 km long pegmatite as has been defined by drilling to date. Select views of the pit constrained, in
Slide 17: CV5 Mineral Resource: Sensitivity Analysis
CV5 Mineral Resource*: Sensitivity Analysis Cut-off grade sensitivity analysis Cut-off Grade Li2O ≥ Cut-off For personal use only Classification Tonnes ≥ Cut-off Li2O (%) (%) defines very high-grade and significant tonnage at high cut-off 0.10 Inferred 123,357,000 1.28 0.20 Inferred 116,246,000 1.35
Slide 18: CV5 Drill Hole Highlights
CV5 Drill Hole Highlights • A single, continuous, principal pegmatite body ranging in true For personal use only thickness from ~8 m to upwards of ~130 m, extending over a strike length of 3.7 km • Mineralization remains open east and west and to depth along most of its length • Multiple pegmatite i
Slide 19: 2023 Summer-fall Drill & Exploration Program
2023 Summer-fall Drill & Exploration Program 2023 Drill Program For personal use only • Infill drill at CV5 to improve model confidence to support future mineral resource updates • Continued step-out drilling along strike at CV5 east towards CV4 and west towards CV13 to test a potential connection •
Slide 20: CV13 Spodumene Pegmatite Cluster
CV13 Spodumene Pegmatite Cluster Potential to Connect CV13 to CV5 (to the East) & CV8 (to the West) For personal use only N CV4 CV12 CV5 CV13 CV8 Images of CV13 pegmatite outcrops TSXV: PMET | ASX: PMT | OTCQX: PMETF | FWB: R9GA PATRIOT BATTERY METALS 20
Slide 21: CV13 Spodumene Pegmatite: Drilling
CV13 Spodumene Pegmatite: Drilling • CV13 characterized by two shallow, to For personal use only moderately dipping, sub-parallel, spodumene pegmatite bodies, which have been intersected in multiple drill holes along an overall 2.3 km trend • More than 20 spodumene pegmatite outcrops identified • 14
Slide 22: CV5 & CV13: Similar Mineralogy & Metallurgy
CV5 & CV13: Similar Minerology & Metallurgy Both CV5 and CV13 - Potentially Processable at the Same Plant For personal use only • Consistently large spodumene crystals (potentially from the same source) • Coarse-grained spodumene liberates effectively at ~6.5 mm and ~9.5 mm crush sizes • Low Fe203 p
Slide 23: Patriot's Valuation Timeline
Patriot’s Valuation Timeline From First Drilling to Present Day, Only $45 Million Invested For personal use only DMS Further Advanced 108.0 m @ 2.44% Li2O Testwork Indicates DMS Only Flowsheet ASX Listing $20 M Financing CV5 Discovery Hole Announced CV Strike Length to 1.4 km 148.7 m @ 0.92% Li2O 73
Slide 24: Top-Tier Mining Jurisdiction Near Existing Infrastructure
Top-Tier Mining Jurisdiction Near Existing Infrastructure CV5 Spodumene Pegmatite at For personal use only the Corvette Property is Strategically Located in the James Bay Region of Northern Quebec Corvette Property • ~13 km from all-weather road access • ~14 km from existing hydropower lines • ~50 k
Slide 25: Corvette Property: Infrastructure
Corvette Property: Infrastructure • CV5 located ~14 km from high-voltage power lines connected Le Grande-4 For personal use only to one of the world’s largest hydropower schemes in the world Hydropower Station (La Grande-4) Within 50 km of CV5 • Potential to use primarily green energy for operations
Slide 26: Permitting: Proven Pathway
Permitting: Proven Pathway For personal use only Canadian Permitting Process: • Partial drainage of the lake to access the CV5 Pegmatite requires a HADD permit • Formal federal authorization process (referred to as HADD) managed by the Department of Fisheries & Oceans (“DFO”) to obtain a permit when
Slide 27: Catalysts: Focus on Execution & Value Creation
Catalysts: Focus on Execution & Value Creation Q1 23 Q2 23 Q3 23 Q4 23 2024-2026 2027 2028 For personal use only CV5 2023 Drill Programs Drill Results Initial Mineral Resource Estimate Technical Work to Support PFS Baseline Environmental Monitoring Project Description for Permitting Permitting Const
Slide 28: Proven Team with a Track Record of Value Creation
Proven Team with a Track Record of Value Creation INDEPENDENT DIRECTORS For personal use only • Pierre Boivin • Mélissa Desroches • Brian Jennings ADVISORS Ken Brindsen, Blair Way, B.Sc., Natacha Darren L. Alix Drapack, Greg Barfoot, Andree Drolet, Brett B.Eng. (Mining), MBA Garoute CPA, Smith, M.Sc
Slide 29: Valuation vs Peers
Valuation vs Peers Significant Re-Rating Opportunity as Corvette Grows For personal use only HARDROCK HARDROCK DEVELOPERS * PRODUCERS * Market Cap ** $9.3 $9.3 $8.9 $8.9 (US$B) $4.0 $3.6 $4.0 $3.6 $1.9 $1.9 $1.3 $1.0 $0.9 $0.9 $1.3 $1.0 $0.9 $0.9 $0.5 $0.3 $0.3 $0.5 $0.3 $0.3 Pilbara Pilbara Mineral
Slide 30: Capitalization Summary
Capitalization Summary For personal use only (as of July 1, 2023) Shareholders Research Coverage Shares Outstanding 103.9 M (as of April 21, 2023) Warrants (1) 26.4 M 2% • 17.1M at $0.75 expiring December 21, 2023 • 2.2 M at $0.45 expiring December 21, 2023 • 0.7 M at $0.50 expiring March 21, 2024 •
Slide 31: Why Patriot Battery Metals?
Why Patriot Battery Metals? For personal use only CV5 Mineral Corvette Property: Resource*: District-Scale Largest in the Lithium Potential Americas and 8th Largest Globally Consistent, Large Simple Processing Spodumene Crystals with High Recoveries High-Growth Value-Driven Potential Catalysts Throu
Slide 32: Strategy to Deliver Value
Strategy to Deliver Value Our path to becoming the premier, sustainable, long-term lithium raw For personal use only material supplier to the growing North American energy transition Develop CV5 Continue to Drill Exploration • Deliver CV5 initial mineral • Extend CV5 eastward to • Demonstrate explor
Slide 33: Thank you.
For personal use only Thank you. PATRIOT BATTERY METALS INC. TSXV: PMET | ASX: PMT | OTCQX: PMETF | FWB: R9GA
Slide 34: Appendix
For personal use only Appendix TSXV: PMET | ASX: PMT | OTCQX: PMETF | FWB: R9GA PATRIOT BATTERY METALS 34
Slide 35: Strategically Positioned to Feed the Growing Quebec and US Markets
Strategically a Positioned to Feed the Growing Quebec and US Quebec For personal use only markets Quebec Quebec Ontario Ontario Quebec 5Wh plant in Detroit, Michigan Quebec which expects to increase to 2 GWh in 2023 Ontario Ontario Aims to develop a plant by 2022 with a capacity of 1 GWh It has a 5G
Slide 36: Global EV Battery Demand Took-Off in 2021
Global EV Battery Demand Took-Off in 2021 For personal use only TSXV: PMET | ASX: PMT | OTCQX: PMETF | FWB: R9GA PATRIOT BATTERY METALS 36
Slide 37: Lithium to Batteries / EV's - a Complex Supply Chain
Lithium to Batteries / EV’s - a Complex Supply Chain For personal use only TSXV: PMET | ASX: PMT | OTCQX: PMETF | FWB: R9GA PATRIOT BATTERY METALS 37
Slide 38: Global EV Sales – Projected to 2030
Global EV Sales – Projected to 2030 Battery Electric Vehicle (BEV) Sales Expected to Grow from 14M to 48M by 2030 For personal use only Passenger Vehicle Sales (M)* Lithium Demand by Use* * UBS estimates (March 2023) TSXV: PMET | ASX: PMT | OTCQX: PMETF | FWB: R9GA PATRIOT BATTERY METALS 38
Slide 39: CV5 Maiden Mineral Resource Statement
CV5 Maiden Mineral Resource Statement Cut-off Classification Tonnes Li2O Ta2O5 Contained Li2O Contained LCE For personal use only Grade (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 40: Notes - Peer Comparison Information
Notes - Peer Comparison Information Reserves (Mt LCE) Resources (Mt LCE) - Inclusive of Reserves Company Project Stage Information Source(s) Total Total Proven Probable Measured Indicated Inferred For personal use only Reserves Resources AVZ Minerals Manono (75%) Feasibility 2.0 2.0 4.0 3.1 5.3 3.9
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