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Investor Presentaiton

Engineering, Design and Approvals Update Industry-wide challenges relating to costs and schedules $$ Industry wide cost escalations impacting operating & capital costs – particularly power and labour PNX METALS Engineering partner Como Engineers identifying cost synergies relating to Project integration Improve resource utilisation, recoveries, and payment terms through test-work & flowsheet design Project Government and Environmental approvals programs advancing, Fountain Head EIS approval due imminently, Hayes Creek sulphide approvals commenced <2 years Update feasibility to incorporate Project integration synergies & new Mt Porter gold deposit - Argonaut PCF to assess development financing – feasibility update and higher confidence MREs to ensure cost and risk of financing are appropriate 14
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