Investor Presentaiton

Glencoe gold deposit - 100% Owned MLS 3km north of Fountain Head - Open in all directions with a near-surface 1.5km strike extent 8513200 Open TARGET GLRC058 4m at 1.02 g/t Au GLRC056 4m at 1.52 g/t Au 2m at 2.50 g/t Au 8512800 Open GLRC063 2m at 2.81 g/t Au Central North Central TARGET 4 ML29679 interpreted fault interpreted 40m N/S PNX 2022 RC drill hole gold lode displacement TARGET 3 PNX 2021 drill hole Collars 2021 22 Glencoe PNX Trace Glencoe_hist_dhole_Au 1-2 2-60.4 Trace_Glencoe hist Targets MGG Mineral resource strings (90 mRL) GLRC071 3m at 2.92 g/t Au • Updated MRE 2.1 Mt @ 1.2 g/t Au for 79,000 oz Au (Measured and Indicated)1 Remains open with strong exploration potential and numerous open intercepts • Numerous high-grade near-surface rock chips containing gold² • 33.1 g/t Au in GLFS035c • 15.5 g/t Au in GLFS043 • 35.8 g/t Au in GLFS046a • 15.9 g/t Au in GLFS046c 8512400 ML29679 interpreted 250-400m N/S gold lode displacement GLRC067 4m at 1.26 g/t Au GLRC070 1m at 4.53 g/t Au GLRC072 5m at 1.20 g/t Au Open GLRC068 GLRC065 1m at 1.55 g/t Au 4m at 2.35 g/t Au 4m at 1.29 g/t Au Open Glencoe November 2022 RC drilling, with interpreted faults shown as dashed lines 1. Refer ASX Announcement 30 August 2022 further details including JORC tables 2. Refer ASX Announcement 17 March 2022 3. Refer ASX Announcement 16 December 2022 PNZ METALS • • Near-mine RC drill program in 2022 identified extensions to defined lodes Mined out void to provide Project tailings and water management flexibility 21

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