Investor Presentaiton

LEAD SUPPLY AND DEMAND BALANCE Pacifico Minerals Ltd ASX:PMY Short-term refined lead stocks are close to record lows. Global lead demand is forecast to rise by 1.2% to 11.87 million tonnes in 2019¹ due to increased usage in India, Japan, and the Republic of Korea. Analysts predict the global lead market demand will grow at a CAGR of 6.74% between 2018 and 20222. Base case shows 'deficit' for mined lead from 2023 without new mine supply. China remains the dominate player in 2019 for both lead production (>54% of 5.2Mt global production in 2018) and consumption (45% of 12.8Mt global consumption in 2018). BASE CASE MINED LEAD PRODUCTION VS. DEMAND³ 10000 Tons 8000 6000 4000 2000 0 260000 240000 220000 200000 180000 160000 140000 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Base Case -Requirement for lead from concentrate LME LEAD INVENTORY (LAST 5 YEARS)4 1 International Lead and Zinc Study Group Press Release 9 May 2019. 2 Business Wire https://www.businesswire.com/news/home/20180803005303/en/Global-Lead-Market-Analysis-Trends-Forecasts-2018-2022 3 Wood Mackenzie 4 www.kitco.com PACIFICO MINERALS LIMITED ASX:PMY 120000 100000 80000 Jan14 $14 Jan15 Sunr Decis Junts Nov16 May17 Oct17 Apr18 Sep18 22 22

View entire presentation