Pivotal Metals Limited · ASX:PVT
Pivotal Metals — RIU Sydney 2024
20 slides from Pivotal Metals's conference presentation, May 7, 2024
Slide 1: Investor Presentation – RIU Sydney
For personal use only PIVOTAL METALS LTD Investor Presentation – RIU Sydney BUILDING A CRITICAL METALS BUSINESS IN ASX:PVT THE WORLDS BEST May 2024 MINING JURISDICTION
Slide 2: Disclaimer
Disclaimer 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 s
Slide 3: Investment Highlights
Investment Highlights We have quality assets, well positioned For personal use only We Have High Quality Assets We Have Critical Metals Leverage • Horden Lake • Copper and Nickel • 27.8mt @ 1.49% CuEq1 • Building blocks of energy transition • Significant exploration upside • Robust inter-generationa
Slide 4: Quebec – Premier Mining Jurisdiction
Quebec – Premier Mining Jurisdiction With tangible investment incentives For personal use only ‘Flow-through scheme’ tax incentives • Flow through tax incentives: Quebec has the highest tax credit in Canada for critical metals. • A$3.9m raise at 84% premium in May 2023. C$2.6B raised in 2021-2022 ac
Slide 5: Horden Lake
For personal use only Horden Lake 28Mt at 1.5% CuEq CU-NI-AU-PGM DEVELOPMENT PROJECT The Company confirms that it is not aware of any new information or data that materially affects the information included in this presentation and that all material assumptions and technical parameters underpinning
Slide 6: Horden Lake: Asset of scale with upside ready to be unlocked
Horden Lake Asset of scale with upside ready to be unlocked For personal use only 27.8 mt @ 1.49 % CuEq ✓ 414kt contained CuEq ✓ Cu 0.73%, Ni 0.22%, 0.19 g/t Pd, 0.08 g/t Au ✓ 55% indicated category ✓ 62% in open pit shell ✓ Deposit starts at surface Value Catalysts Pending Exploit Upside, Advance P
Slide 7: Grade Upside
Grade Upside Confirmed in first holes released For personal use only Historical focus only on Cu and Ni Central zone has multielement: Au, Pt, Pd, Co Ag Current resource understates grade 46.5m @ 0.38% Cu, 0.21% Ni Inc 4.9m @ 1.47% Cu, 0.87% Ni Drilling to infill missing data 37.5m @ 1.31% CuEq from
Slide 8: Open Mineralisation
Open Mineralisation Drilling and downhole EM to test extensions 55m @ 0.56% CuEq (5m) 20m @ 0.47% CuEq (40m) For personal use only H26820, 0.26% Cu, 0.12% Ni H26866, 0.1% Cu, 0.14% Ni Inc 9m @ 0.96% CuEq (39m) Inc 2m @ 1.8% CuEq (35m) 400m along strike 180m along strike Immediate Exploration Focus A
Slide 9: Development Considerations
Development Considerations Conventional project with low development hurdles For personal use only 62% of resource is pit constrained Paved highway within 10km ✓ Low-cost open pit front-end potential ✓ Reduces development capex Favourable Deposit Geometry Access to the Quebec hydro network ✓ Amenabl
Slide 10: Valuation Opportunity
Valuation Opportunity When compared to ASX peers on a $EV per contained CuEq basis 800 For personal use only 300 Resource kt CuEq contained Trading Multiple: EV $/t CuEq 600 200 (columns) 400 (dots) 100 200 0 0 Company SUH HMX PVT MAG1 CNB QML NTM Ave Project Llahuin Kalman + Elaine Horden Lake Myal
Slide 11: Belleterre-Angliers Greenstone Belt (BAGB)
For personal use only Belleterre-Angliers Greenstone Belt (BAGB) EARLY-STAGE EXPLORATION ASSETS WITH LORRAINE SUBSTANTIAL POTENTIAL 11
Slide 12: BAGB: Ultra high-grade mineralisation defined
BAGB Ultra high-grade mineralisation defined For personal use only • 157km2 land package covering a prospective suite of gabbroic intrusives in southern Quebec • Ultra-high grades drilled by previous operators. Historical mining of some deposits • BUT, previous operators kept targeting the same high
Slide 13: Midrim and Alotta – smoke from a very big fire?
BAGB Midrim and Alotta – smoke from a very a big fire? For personal use only Alotta 9.2m @ 2.6% Ni, 2.8% Cu, 3.6 g/t 3E from 85.2m in ZA-18-08 Midrim 4.3m @ 6.5% Ni, 5.2% Cu, 7.2g/t 3E from 57.2m in MR-00-05 9.4m @ 3.5% Ni, 4.3% Cu, 4.6 g/t 3E from 56.6m in MR-17-01 • Mafic contact deposit model • E
Slide 14: Consistent News-flow
Consistent News-flow Funded program will deliver value catalysts through 2024 For personal use only Q1 2024 Q2 2024 Q3 2024 Horden Lake Geophysics Horden Lake Drilling Horden Lake Metallurgy Horden Lake Resource Update BAGB Geophysics BAGB Field + Targeting Execution Analysis and Results 14
Slide 15: Investment Highlights
Investment Highlights For personal use only Copper and Value is Exploration Premier Near term battery metals underpinned leverage jurisdiction re-rate catalysts Clear deficits Large Cu and Ni Clear path to Quebec is skills and Drill program assays forecast, driven by endowment in improve and grow in
Slide 16: Appendix - Corporate Overview
Appendix - Corporate Overview Committed board, management and shareholders For personal use only Board and Management Position Name Expertise Non-Exec Chair Simon Gray Corporate and Commercial Lawyer, Corporate Governance, Capital Markets Managing Director Ivan Fairhall Mechanical Engineer, Private
Slide 17: Appendix - Geological Setting
Appendix - Geological Setting Strong structural control for mineralisation For personal use only ✓ Mineralisation style supports good potential for resource extension ✓ Magmatic sulphide deposit associated with mafic and ultramafic rocks ✓ Mineralisation occurs along the contact of the gabbroic comp
Slide 18: Appendix: JORC disclosure
Appendix JORC disclosure For personal use only Grade Contained Metal Category Tonnes CuEq (%) Cu (%) Ni (%) Au (g/t) Pd (g/t) CuEq (kt) Cu (kt) Ni (kt) Au (koz) Pd (koz) Indicated 15.2 1.50 0.77 0.20 0.13 0.19 228.6 117.6 30.5 59.4 91.3 Inferred 12.5 1.47 0.67 0.25 0.02 0.20 184.3 84.0 31.4 6.9 76.7
Slide 19: Appendix: Comparable supporting information
Appendix Comparable supporting information For personal use only Name (ASX ticker) Resource M&I (mt) Inferred (mt) CuEq Calc Announcement (date) SOUTHERN 149 @ 0.29% Cu, 0.12g/t Au, HEMISPHERE MINING Llahuin 20 @ 0.2% Cu, 0.19g/t Au, 0.005% Mo Cu% + Au(g/t)*0.77 + Mo%*3.91 https://announcements.asx.
Slide 20: Pivotal Metals Limited
For personal use only Pivotal Metals Limited ABN 49 623 130 987 Level 8, 1 Eagle Street Brisbane QLD 4000 GPO Box 2517 WA 6831 T: +61 8 9481 0389 E: info@pivotalmetals.com W: www.pivotalmetals.com 20