Pursuit Minerals Ltd · ASX:PUR

Pursuit Minerals — Investor Presentation (March 2019)

17 slides from Pursuit Minerals's investor presentation, Mar 14, 2019

1. Slide 1: Scandinavian Vanadium Projects

   + Discovery + Resource Definition + Value Capture Scandinavian Vanadium Projects Shareholder Webcast March 2019

2. Slide 2: Forward Looking Statement

   Forward Looking Statement This Presentation contains forward-looking statements which are identified by words such as ‘may’, ‘could’, ‘believes’, ‘estimates’, ‘targets’, ‘expects’, or ‘intends’ and other similar words that involve risks and uncertainties. These statements are based on an assessment

3. Slide 3: Vanadium Project Portfolio

   Vanadium Project Portfolio • Mineral Reservations for three projects in Finland granted March 2018 • Exploration Licences covering five project areas in Sweden, granted in August 2018 • Mining friendly, well established regulatory regimes – Finland ranked #1 mining location, Sweden #16 (Fraser Insti

4. Slide 4: Delivering on Project Milestones

   Delivering on Project Milestones Project Item Projected Actual Outcome Completion Completion Koitelainen Assessment of historical data June 2018 June 2018 High grade vanadium magnetite concentrates confirmed Koitelainen JORC Exploration Target September 2018 September 2018 JORC Exploration Target de

5. Slide 5: Airijoki Project

   Airijoki Project • Four Exploration Licences covering 32km2 • 3.5km magnetic anomaly with vanadium mineralisation • Historical drill holes resampled in August 20181  178.3m @ 1.33% V2O5 (magnetite concentrate)  16m @ 2.05% V2O5 (magnetite concentrate) • 18 holes for 2876m of drilling testing 2.5 -

6. Slide 6: Airijoki Project – Next Steps

   Airijoki Project – Next Steps Event Timing Final drill results February 2019 Initial Inferred Mineral March 2019 Resource Scoping Study April 2019 Commence Feasibility Study (subject to Scoping Study July 2019 outcome) Infill Drilling to define July 2019 Indicated Resources Completion of Feasibility

7. Slide 7: Koitelainen Vosa Prospect – Initial JORC Inferred Resource

   Koitelainen Vosa Prospect – Initial JORC Inferred Resource • 16 holes drilled in 1970’s and 1980’s were resampled1 • Most holes produced vanadium magnetite concentrates exceeding 2.0% V2O5 • Magnetite concentrates with exceptional vanadium grades • 38.2m @ 2.6% V2O5 • 6.2m @ 3.3% V2O5 • 9.85m @ 2.9%

8. Slide 8: Koitelainen Vosa Prospect – Next Steps

   Koitelainen Vosa Prospect – Next Steps Event Timing Inferred Resource February 2019 Statement Scoping Study April 2019 Metallurgical Test Work April 2019 Environmental Base Line July – August 2019 Study Feasibility Study Decision October 2019 First Drilling of Feasibility December 2019 Study Complet

9. Slide 9: Project Development Concept

   Project Development Concept1 • DSO Operation Chinese Markets  Mine, crush, milling, magnetic separation  Produce high-grade vanadium magnetite concentrate (>2% V2O5 )  Sell to Global Markets • Advantages  Simplifies Feasibility Study Planned Vanadium Smelter  Lowers pre-production capital expen

10. Slide 10: Key Advantages of Pursuit’s Scandinavian Vanadium Projects

    Key Advantages of Pursuit’s Scandinavian Vanadium Projects Scandinavian Vanadium Projects Access to infrastructure 10-15 km Power Costs Approx. 10c/kwh Proximity to markets German Markets across the Baltic Vanadium Smelter access Smelter planned for Raahe (Finland) V2O5 Magnetite Grade >2% V2O5 (Koi

11. Slide 11: Frequently Asked Questions – No 1

    Frequently Asked Questions – No 1 • Why do you quote the grade of the vanadium magnetite concentrate in your ASX Announcements?  In Pursuit’s ASX announcements we quote the grade of the vanadium magnetite concentrate produced from the vanadium mineralisation plus we give the in-situ vanadium grades

12. Slide 12: Frequent Asked Questions – No 2

    Frequent Asked Questions – No 2 • What is your relationship like with the Indigenous peoples of Northern Sweden and Finland?  The Sami are the indigenous people of Northern Norway, Sweden, Finland and Russia  About 10% of the Sami of Sweden derive their income from reindeer herding. Other traditio

13. Slide 13: Frequently Asked Questions – No 3

    Frequently Asked Questions – No 3 • Are mines able to function during the long winters in Scandinavia and how does that affect production?  Yes, the winters get cold in northern Sweden and Finland bringing challenges to effective working, but just as hot weather can bring challenges to effective wo

14. Slide 14: Frequently Asked Questions – No 4

    Frequently Asked Questions – No 4 • What is happening on the zinc projects in north Queensland?  Pursuit has met all its obligations to its largest shareholder (Teck Australia Pty Ltd) regarding the Bluebush and Paperbark Projects in northern Queensland  Pursuit has 100% interest and can deal on t

15. Slide 15: The Next 12 Months

    The Next 12 Months Date Project Event Outcome April 2019 Airijoki Complete Scoping Study Decision point for commencement of Feasibility Study April 2019 Koitelainen Complete Scoping Study Decision point for commencement of Feasibility Study Commence Feasibility Study (Subject to successful Determine

16. Slide 16: Competent Person’s Statement

    Competent Person’s Statement Statements contained in this presentation relating to exploration results, historical exploration results, historical estimates of mineralisation and Exploration targets are based on, and fairly represents, information and supporting documentation prepared by Mr. Jeremy

17. Slide 17: ASX: PUR

    ASX: PUR Jeremy Read Managing Director Email: Jeremy@pursuitminerals.com.au Mobile: + 61 447 379 744

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