PMET Resources Inc. · TSX:PMET
PMET Resources — Patriot Battery Metals — Investor Presentation (April 2024)
27 slides from PMET Resources's investor presentation, Apr 18, 2024
Slide 1: Next Lithium District
For personal use only Next Lithium Distr ict APRIL 2024 TSX: PMET | ASX: PMT | OTCQX: PMETF | FWB: R9GA
Slide 2: Legal Disclaimer
Legal Disclaimer THIS MANAGEMENT PRESENTATION (the "presentation") was prepared as a summary overview only FORWARD-LOOKING STATEMENTS are not guarantees of future performance and involve risks, fluctuations in currency markets (such as the US dollar versus the Canadian dollar); the volatility of the
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. Size, scale, and quality. Corvette is the alread
Slide 4: North American Downstream Landscape
North American Downstream Landscape Select Downstream Plants in Canada and USA North American Lithium Market For personal use only Lithium Supply (kt LCE) 419 115 38 2024 2027 2030 Downstream Demand 2027 Battery Manufacturing Implies up to ~477kt of lithium Capacity ~700GWh carbonate equivalent dema
Slide 5: CV5 Mineral Resource Estimate: Large, High-Grade
CV5 Mineral Resource Estimate*: Large, High-Grade 2.00% 3.8M tons of LCE resource ≈ 8 years of TOTAL N.A. demand in 2027 For personal use only 1.80% 109.2 Mt at 1.42% Li2O (Inferred) 1.60% Mt Marion Manono Grota do Cirilo PAK + Spark Mt. Holland Greenbushes Corvette 1.40% (CV5) Whabouchi Goulamina K
Slide 6: CV5 Mineral Resource Estimate: Large, High-Grade
CV5 Mineral Resource Estimate*: Large, High-Grade 2.00% Largest in the Americas in LCE content 109.2 Mt at 1.42% Li2O For personal use only 1.80% (Inferred) 1.60% PAK + Spark Grota do Cirilo Corvette 1.40% (CV5) Separation Rapids Bandeira Whabouchi Colina NAL Kings Mountain 1.20% Root Adina Moblan J
Slide 7: Top Tier Mining Jurisdiction near Infrastructure
Top Tier Mining Jurisdiction near Infrastructure CV5 Spodumene Pegmatite at the Corvette For personal use only Property is Strategically Located in the James Bay Region of Northern Quebec • ~13 km from all-weather road access • ~14 km from existing hydropower lines • ~50 km from La Grande-4 hydropow
Slide 8: Corvette Property: the largest in the Americas
Corvette Property: the largest in the Americas 100% Owned For personal use only CV5 is the largest spodumene pegmatite in the Americas CV5 traced by drilling over a strike length of 4.4 km and remains open along strike at both ends, and to depth along a significant portion of its length MRE Update f
Slide 9: CV5 & CV13: Similar Minerology & 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 10: CV5 Mineral Resource Estimate
CV5 Mineral Resource Estimate* 109.2 Mt at 1.42% Li2O, Inferred For personal use only • Geological model interprets a single, continuous, principal pegmatite body resulting in easier mining methods, lower costs. • The size means it could feed multiple Gigafactories for decades or one for generations
Slide 11: Albermarle's Strategic Investment
Albermarle’s Strategic Investment $109 million investment by Albemarle The Downstream Opportunity For personal use only • Validates Corvette Lithium Project • Lithium chemical refining is currently the • Investment at $15.20 per share (implying a missing link in the Western supply chain. ≈ $2.2B val
Slide 12: Permitting: Proven Pathway
Permitting: Proven Pathway For personal use only Canadian Permitting Process: • Submission of Project Description to the Provincial and Federal governments starts the permitting process – completed November 2023. • Partial drainage of the lake to access the CV5 Pegmatite requires a HADD permit • For
Slide 13: Catalysts: Focus on Execution & Value Creation
Catalysts: Focus on Execution & Value Creation For personal use only PATRIOT BATTERY METALS TSX: PMET | ASX: PMT | OTCQX: PMETF | FWB: R9GA 13
Slide 14: Strategy to Deliver Value
Strategy to Deliver Value Our path to becoming the premier, sustainable, long-term lithium raw material supplier to the growing North American energy transition For personal use only Develop CV5 Continue to Drill Exploration • Deliver CV5 initial mineral • Extend CV5 westward to • Demonstrate explor
Slide 15: Corporate Snapshot
Corporate Snapshot Share Price vs Volume Traded (Since ASX Listing) Trading Update For personal use only $20.00 4.0 As at April 15, 2024 CAD (m) $15.00 3.0 Volume (mm) Basic Share Outstanding 136 C$/sh $10.00 2.0 Dilutive Securities 9 $5.00 1.0 FDITM Shares 144 $0.00 - FDITM Market Cap: $1,030 Cash
Slide 16: 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 (Chairman) • Mélissa Desroches • Brian Jennings INVESTOR RELATIONS Ken Brindsen, Blair Way, B.Sc., Natacha Darren L. Alix Drapack, Greg Barfoot, Bradley Seward Olivier Caza- B.Eng. (Mining),
Slide 17: Thank you
For personal use only T h a n k you. P A TRI O T B A T T E R Y ME T A LS INC. TSX: PMET | ASX: PMT | OTCQX: PMETF | FWB: R9GA 17
Slide 18: Appendix
For personal use only Appendix PATRIOT BATTERY METALS TSX: PMET | ASX: PMT | OTCQX: PMETF | FWB: R9GA 18
Slide 19: CV5 & Adjacent Spodumene Pegmatite Clusters
CV5 & Adjacent Spodumene Pegmatite Clusters • CV5 is now a 4.4 km-long spodumene pegmatite body, as For personal use only defined by drilling, which remains open • CV13 is a cluster of >20 spodumene pegmatite outcrops extending over a ~2.3 km trend with a best hole of 28.7m at 1.49% Li2O, and remain
Slide 20: CV9 Spodumene Pegmatite: Drilling
CV9 Spodumene Pegmatite: Drilling • CV9 is a new discovery at Corvette, For personal use only located approximately 14km west of CV5. • Drill hole CV23-345 hit approximately 100 m of near-continuous spodumene-bearing pegmatite at CV9. • Three (3) drill holes have returned continuous pegmatite inters
Slide 21: 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 (340o) - principal pegmatite only. *CV5 mineral resource (109.2 Mt
Slide 22: 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 4.35 km long pegmatite as has been defined by drilling to date. Select views of the pit constrained, in
Slide 23: 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 24: CV5 Geological Model Cross-Sections
CV5 Geological Model Cross-Sections For personal use only PATRIOT BATTERY METALS TSX: PMET | ASX: PMT | OTCQX: PMETF | FWB: R9GA 24
Slide 25: CV5 Geological Model Cross-Sections
CV5 Geological Model Cross-Sections For personal use only PATRIOT BATTERY METALS TSX: PMET | ASX: PMT | OTCQX: PMETF | FWB: R9GA 25
Slide 26: CV5 Maiden Mineral Resource Statement
CV5 Maiden Mineral Resource Statement Cut-off Classification Tonnes Li2O Ta2O5 Contained Li2O Contained LCE Grade (Mt) (%) (ppm) (Mt) (Mt) For personal use only 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 27: Notes - Peer Comparison Information
Notes - Peer Comparison Information Reserves (Mt LCE) Resources (Mt LCE) - Inclusive of Reserves Company Project Stage Total Total Information Source(s) Proven Probable Measured Indicated Inferred Reserves Resources For personal use only AVZ Minerals Manono (75%) Feasibility 2.0 2.0 4.0 3.1 5.3 3.9
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