Power Metallic Mines Inc. · TSXV:PNPN

Power Metallic Mines — Power Nickel — Investor Presentation (November 2022)

29 slides from Power Metallic Mines's investor presentation, November 2022

  1. Slide 1: Canada's Next Low Carbon High Grade Nickel Mine?

    TSX.V: PNPN | OTC: CMETF | FRA: IVVI powernickel.com Canada’s Next Low Carbon High Grade Nickel Mine? Q4 2022

  2. Slide 2: Disclaimer

    Disclaimer Forward Looking Statements Except for historical information contained herein, this presentation may contain forward looking statements including but not limited to comments regarding predictions and projections. Forward looking statements address future events and conditions and therefor

  3. Slide 3: Why Invest now?

    Why Invest now? New NI 43-101 Q1Q2/23 Trading At Commodity Bull New Drill Program Q4-Q1 Discount to Comps Market is Here! High Grade Nickel North American Nickel is Bonus Spin Out Copper Cobalt PGE New Gold Q3 2023 Nisk Project 3

  4. Slide 4: Quebec Canada A Top Tier Location

    Quebec Canada A Top Tier Location 4

  5. Slide 5: Impressive Drill Results in Phase 2

    Impressive Drill Results in Phase 2

  6. Slide 6: Multiple Open Targets to the East, West and at Depth

    powernickel.com S 2 4 & o E ti = ts} 3 e ie) 2 < 2 < S x ra 2 Multiple Open Targets to the East, West and at Depth P_2021_002 IN) POWER INF_2022_007 P_2021_012 / / iF 4 f P_2024_014 P_2021_011 P_2021_013_B Drillhole Legend Q Validated Drillhole Collar Z Validated Drillhole Trace ©. Mineralized Zone

  7. Slide 7: 2022 Fall Drilling Longitudinal Section

    2022 Planned Drill Hole 2022 Fall Drilling Longitudinal Section -500m Weste nsion P_2021_014 P_2021_015_B P_2021_013_B Drillhole Legend @ Mineralized Zone Pierce Point Z, Planned 2022 Drillhole Trace @ Planned 2022 Targets fe) Additional Permit Approved Targets Grade (%Ni) EXP_2022_040_mod_2 > 210 f

  8. Slide 8: NISK – Drill Results Dec 2021 Campaign

    NISK – Drill Results Dec 2021 Campaign

  9. Slide 9: NISK – Historical 43-101

    NISK – Historical 43-101 Table -1: Historical Resource Estimate figures for respective confidence categories After RSW Inc 2009: Resource Estimate for the NISK-1 Deposit, Lac Levac Property, Nemiscau, Québec The information regarding the NISK-1 deposit was derived from the technical report titled “R

  10. Slide 10: NISK – String of Pearls ?

    NISK – String of Pearls ? “Wildcat” Target Nisk Main Nisk West “Wildcat” Target 3 km 10

  11. Slide 11: NISK – Action Plan

    NISK – Action Plan 1. Complete Phase 2 Drilling Up To 7000 Metres 2. Release Drill Results Q4 2022 Q1 2023 3. Drill an additional fully funded 7500-10,000 Metres Starting Mid Jan 23 4. Update NI 43-101 Q2 5. Collect Gravity, Seismic and Sound Imaging data on other Pods 6. Initiate 15,000 Metre Phase

  12. Slide 12: Three Ways To Grow Shareholder Value

    Three Ways To Grow Shareholder Value 1. Get paid more $ per Pound of NiEq Discovered (4-10X) Most unknown Nickel resource as we get exposure gap will close As we approach a commercial quantity and quality of ore we will get paid more As we de-risk metallurgy we will get paid more As we de-risk ESG w

  13. Slide 13: Valuation High Grade Nickel - $10-$45 Million US/Ton

    Valuation High Grade Nickel - $10-$45 Million US/Ton TSXV:PNPN powernickel.com

  14. Slide 14: Bonus – Proposed Public Spinoff

    Bonus – Proposed Public Spinoff Consolidation Gold & Copper British Columbia Chile 14

  15. Slide 15: Golden Ivan is in Discovery Zone

    Golden Ivan is in Discovery Zone 15

  16. Slide 16: Golden Ivan – Surface Rock Results

    Golden Ivan – Surface Rock Results 16

  17. Slide 17: Ascot Mine Announcement Major Positive

    Ascot Mine Announcement Major Positive Strikepoint - $16 M Scottie Resources - $39 M Power Nickel - $10 M As of Sept 9 2022 17

  18. Slide 18: Where are we in Chile?

    Where are we in Chile? Mantos Blancos >500Mt @ 1.0% Cu 30 km Manto Verde 180Mt @ 0.60% Cu oxide, >400Mt @ 0.52% Cu sulfide Candelaria 600Mt @ 0.95% Cu, 0.2 g/t Au, 3.0 g/t Ag Zulema LEGEND Palo Negro Chilean Metals Property Hornitos IOCG Mine Tierra de Oro Copper Mine/ Deposit IOCG Belt Tabaco Fault

  19. Slide 19: Zulema – New Confirmed Geophysical Targets

    Zulema – New Confirmed Geophysical Targets Conducting New Magnetics Over Circle Area For Lundin Review 19

  20. Slide 20: Bonus – Copaquire Royalty with Teck

    Bonus – Copaquire Royalty with Teck ✔ Teck Acquired Copaquire acquires for $3 Million USD + a 3% NSR Xstrata/Anglo Codelco Codelco ✔ Teck Acquired Copaquire with two NI 43-101 Resources…10k’s away from QB1 Xstrata/ Anglo Xstrata/ ✔ Teck and Collahuasi are collaborating on developments between QB and

  21. Slide 21: Experienced Team

    Experienced Team Greg McKenzie Terry Lynch Peter Kent Director CEO Chairman Ximena Perez, Les Mallard MD Chile Director 21

  22. Slide 22: Current Capital Structure

    Current Capital Structure Total Shares Issued 120,081,898 Exchange Market Traded Fully Diluted 163,476,948 Toronto (TSX-V) Symbol “PNPN” Santiago (SSE) Symbol “CMX” Warrants Issued (with average $.24, 28,175,000 34,395,050 @.20 not exercisable USA (PS) Symbol “CMETF” until March 22, callable at $.40

  23. Slide 23: Ten Reasons to Invest in PNPN Now.

    Ten Reasons to Invest in PNPN Now. 1. Power Nickel drill results indicate major nickel sulfide discovery 2. Trading at Discount to Peer Group 3. Drill results provide excellent base to grow 4. Up to 7,000 Metre program started Sept 14 – Results Starting Nov 29 5. Funded 7500-10,000 Phase 3 to start

  24. Slide 24: Powering the next generation with HIGH-GRADE NICKEL

    Powering the next generation with HIGH-GRADE NICKEL Terry Lynch, CEO Email: terry@powernickel.com Business Development Contact: Investor Relations Contact: Bob Heimler Ted Heimler +1 (437) 238-1962 Ted@powernickel.com Bob@powernickel.com 24

  25. Slide 25: Appendix

    om pow TSX.V: PNPN | OTC: CMETF | FRA: IVVI 25 Appendix fi POWER NICKEL

  26. Slide 26: Save Canadian Mining – Stopping Predatory Short Selling

    Save Canadian Mining – Stopping Predatory Short Selling www.SaveCanadianMining.com 26

  27. Slide 27: NISK- EV Sector Driving Nickel Demand

    NISK- EV Sector Driving Nickel Demand 27

  28. Slide 28: NISK - Not All Nickel Works for EV

    NISK - Not All Nickel Works for EV 28

  29. Slide 29: NISK - The Right Nickel To Satisfy Demand

    NISK - The Right Nickel To Satisfy Demand Sources: 29

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