Pambili Natural Resources Corporation · TSXV:PNN

Pambili Natural Resources — Investor Presentation (April 2024)

19 slides from Pambili Natural Resources's investor presentation, Apr 26, 2024

  1. Slide 1: Gold consolidation in Zimbabwe

    Gold consolidation in Zimbabwe TSX-V:PNN CORPORATE PRESENTATION Q2 2024

  2. Slide 2: Disclaimer

    Disclaimer This presentation is provided for informational purposes only and the opinions expressed are based upon Pambili Natural Resources Corporation (“Pambili” or the “Company”) analysis and interpretation and are not to be construed as a solicitation or offer to buy or sell the securities menti

  3. Slide 3: Executive Summary

    Executive Summary Pambili Natural Resources Corporation (“Pambili” or the “Company”) is a Canadian gold exploration and development company listed on the Toronto Venture Exchange (TSX-V:PNN) • In addition to a strong international Board, Pambili has an experienced multi- disciplined team in Zimbabwe

  4. Slide 4: Pambili's strategy

    Pambili’s strategy… • To generate significant investor returns by developing a portfolio of cash-generating gold mines in Zimbabwe • To build a significant gold resource from which to expand production from the initial 12-month target of at least 300 ounces of gold • To establish a central gold proc

  5. Slide 5: Pambili's approach

    Pambili’s approach… The Pambili business model is simple. Our multi-disciplined local management team has proven experience in gold exploration and mining projects in Zimbabwe. Along with strong local knowledge and connections, our Canadian listing gives us a strong competitive advantage when acquir

  6. Slide 6: Zimbabwe is full of gold

    Zimbabwe is full of gold… • Zimbabwe is underlain by the Archean Zimbabwe Craton, which features 22 greenstone belts • These include more than 6,000 known gold occurrences, of which there is recorded production from more than 790 deposits 6

  7. Slide 7: But this potential has not been fully realized

    But this potential has not been fully realized… A lack of modern exploration and unfavorable local economic conditions have held the gold sector back… • In terms of gold production per square km, Zimbabwe ranks higher than other major producers with Archean Cratons like Australia and Canada • Howeve

  8. Slide 8: A clear opportunity

    A clear opportunity… The absence of well-capitalized, international competition makes gold mines in Zimbabwe an excellent investment opportunity • President Emmerson Mnangagwa has endorsed Zimbabwe’s “ease of doing business” to attract local and global capital • Zimbabwe has good infrastructure, wit

  9. Slide 9: Recorded gold production in Zimbabwe

    Recorded gold production in Zimbabwe… N.B. 1 tonne = 32,150 troy ounces Source: US Geological Survey 9

  10. Slide 10: Disrupting the investment model

    Disrupting the investment model… • The “Lassonde Curve” represents the typical life cycle of a junior mining project through to production • Successful projects are traditionally acquired at the exploration Mining Company “Lassonde Curve” stage, and advance towards production over time • Pambili is

  11. Slide 11: Challenging old mindsets

    Challenging old mindsets… • Given the inherent risk in gold exploration projects investors typically require a minimum resource estimate of 1Moz on which to base a bankable feasibility study (“BFS”) • Another key criterion is an extended life of mine (“LOM”), perhaps justified if one needs to invest

  12. Slide 12: Pambili's opportunity pipeline

    Pambili’s opportunity pipeline… Pambili verified an inferred gold resource and identified the potential for highly significant ore bodies through exploration drilling at the Happy Valley mine last year. With proof of concept in place, the Company is expanding its Zimbabwe project portfolio… • Pambil

  13. Slide 13: The Golden Valley Project

    The Golden Valley Project

  14. Slide 14: The Asset: Golden Valley Mine

    The Asset: Golden Valley Mine Located in the Bulawayo greenstone belt in Zimbabwe’s Matabeleland Province, this is Pambili’s first acquisition. The Golden Valley Mine: • Covers 48 hectares on the same greenstone belt as several historic and current large-scale gold mines • Was primarily active in th

  15. Slide 15: Golden Valley's large-scale potential

    Golden Valley’s large-scale potential… Given its extent, geological setting, historic high- grade production, sustained mining activity, underexplored bulk and underground potential… Pambili believes it can realize Golden Valley’s full gold potential through investment, exploration, and development

  16. Slide 16: Pambili's next steps at Golden Valley

    Pambili’s next steps at Golden Valley… Q2 2024 Q3 2024 Q4 2024 CLOSE THE PRODUCTION CLOSE US$1 MAIDEN RESOURCE ACQUIRE THE $250k CLN* DRILLING MILLION NBPP PRODUCTION DRILLING NEXT PROJECT Pambili is looking Pambili will To fund the Following the Based on the Pambili has to raise US$250k in complete

  17. Slide 17: Pambili's capital and ownership structure

    Pambili’s capital and ownership structure Current shares in issue 25,953,445 C$100k NBPP Shares* 2,000,000 PNN – 3 Month Share Price Chart Acquisition Shares (Golden Valley Mine)* 19,000,000 Conversion Shares of Kavango Loan* 8,925,000 Balance post NBPP, Acquisition & Conversion 55,878,445 Warrants

  18. Slide 18: The team behind the mission

    The team behind the mission... • Pambili’s executive team has considerable experience in managing both public and private junior resource companies as well as gold exploration projects in Africa. Jon Harris (MBA, BSc. Chem. Eng.) Kevin Blanchette (MBA) Jeff Saxinger (P. Eng.) Steve Smith (MSc. Envir

  19. Slide 19: Thank you for your interest

    • Contact Pambili Natural Resources Corporation Email: jon.harris@pambilinrc.com Thank you for your interest TSX-V:PNN

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