Pivotal Metals Limited · ASX:PVT
Pivotal Metals — IMARC Conference 2023
20 slides from Pivotal Metals's conference presentation, Oct 31, 2023
Slide 1: Pivotal Metals Investor Presentation
For personal use only PIVOTAL METALS LTD Investor Presentation BUILDING CRITICAL METALS BUSINESS IN ASX:PVT THE WORLDS BEST November 2023 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 Quality assets, well positioned For personal use only Critical Metals Leverage High Quality Assets • Copper, Nickel, PGMs • Horden Lake • Vital for energy transition • 27.8mt @ 1.49% CuEq2 • Robust supply demand dynamics • Significant exploration upside • Beneficiaries of green
Slide 4: Quebec: Premier global mining location
Quebec Premier global mining location For personal use only Strong mining pedigree • Prolific cluster of projects, mines and smelters in world-famous Abitibi Greenstone belt. • Mining is the region’s lifeblood, with 22 active mines. The industry directly employs 19,000 people. ‘Flow-through scheme’
Slide 5: Horden Lake
For personal use only Horden Lake 28Mt at 1.5% CuEq* CU-NI-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 th
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 ✓ 412kt contained CuEq ✓ Cu 0.73%, Ni 0.22%, 0.19 g/t Pd, 0.12 g/t Au ✓ 55% indicated category ✓ 62% in open pit shell ✓ Deposit starts at surface Exploit Upside, Advance Project 2024 Program Comm
Slide 7: Grade Upside
Grade Upside Byproduct credits missing from the resource For personal use only Gold domain Historical focus only on Cu and Ni • But 2008/12 drilling assayed multi element Copper domain • Au, Ag, Co, Pt, Pd all consistently encountered Current resource understates grade • Gold currently only modelled
Slide 8: Tonnage Upside
Tonnage Upside Strong mineralisation open in most directions For personal use only 16m @ 1.22% CuEq (291m) 11m @ 0.9% CuEq (61m) H33280, 0.4% Cu, 0.3% Ni, 0.2g/t Pd H25301, 0.2% Cu, 0.2% Ni, 0.2g/t Pd Inc. 6.8m @ 1.5% CuEq (298m) Inc. 1m @ 2.8% CuEq (67m) 9.8m @ 1.6% CuEq (206m) 4.8m @ 2.6% CuEq (52
Slide 9: Re-Rate Potential
Re-Rate Potential 8x upside potential on just the current resource For personal use only $348/t 600 PVT trades at 8x 150 discount to its peers Resource kt CuEq contained Trading Multiple: EV $/t CuEq 400 100 (columns) (dots) 200 50 0 0 Company NWC PEX PVT MAG EM2 SVY QML ARV Ave Project Antler South
Slide 10: Development Considerations
Development Considerations Conventional project with low development hurdles For personal use only 62% of resource is pit constrained ✓ Low cost open pit front-end potential Thick zones of mineralisation, at 50-60 dip ✓ Amenable to bulk mining techniques High recoveries in testwork ✓ 95% Cu to 23% c
Slide 11: Geological Setting
Geological Setting Strong structural control for mineralisation For personal use only ✓ Magmatic sulphide deposit associated with mafic and ultramafic rocks ✓ Mineralisation occurs along the contact of the gabbroic complex and metasedimentary rocks ✓ Mineralisation extends to north-east and is open
Slide 12: Belleterre-Angliers Greenstone Belt (BAGB)
For personal use only Belleterre-Angliers Greenstone Belt (BAGB) EARLY-STAGE EXPLORATION ASSETS WITH LORRAINE SUBSTANTIAL POTENTIAL 12
Slide 13: BAGB: Ultra high-grade mineralisation defined
BAGB Ultra high-grade mineralisaton defined For personal use only • 157km2 land package covering a prospective suite of gabbroic intrusives in southern Quebec • Ultra-High grades drilled into gabbroic intrusions by previous operators. Inset next slide • Historical mining of some deposits Selected In
Slide 14: Multiple Targets
Multiple Targets Searching for a deposit of scale For personal use only Previous operators kept targeting the same high grade, but small anomalies in top ~200m What will we do differently? ✓ Target broader intrusive complex that could host substantial massive and semi-massive sulphide accumulations
Slide 15: Consistent News-flow
Consistent News-flow Funded program will deliver value catalysts for through 2024 For personal use only BAGB Geophysics Horden Lake Metallurgy Horden Lake Geophysics Horden Lake Drilling See ASX announcement dated 2 October 2023 “Exploration and Development Work Program for Quebec Projects” 15
Slide 16: Corporate Overview
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 Equity, Min
Slide 17: Why Invest in Pivotal Metals?
Why Invest in Pivotal Metals? For personal use only ✓ Exposure to key commodities essential in the transition to sustainable technologies ✓ Projects in tier 1 mining jurisdiction with tangible incentives on offer ✓ Large (28Mt @ 1.5% CuEq) defined Horden Lake copper-nickel-PGM deposit near infrastru
Slide 18: Pivotal Metals Limited
For personal use only Pivotal Metals Limited ABN 49 623 130 987 Level 32, 71 Eagle Street Brisbane QLD 4000 GPO Box 2517 WA 6831 T: +61 8 9481 0389 E: info@pivotalmetals.com W: www.pivotalmetals.com 18
Slide 19: 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 20: Appendix: Comparable supporting information
Appendix Comparable supporting information For personal use only Tonnage % Company Project Released Cu CuEq Source Mt inferred NEW WORLD RESOURCES https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924- Antler 28-Nov-22 11.4 2.10% 4.10% 21% LIMITED (NWC) 02604068-6A1124737?a