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Investor Presentaiton

Exploration Overview Target generation for large-scale, standalone discoveries • Pine Creek region hosts >10moz gold endowment Gold mineralisation typically occurs within structurally- controlled zones of sulphide-bearing quartz veins and stockworks proximal to regional scale anticlinal fold hinges All known deposits at Pine Creek were outcropping Virtually no drill testing below cover PNX's drilling database comprises nearly one million metres of drilling; >A$120m replacement cost Most drilling associated with known mineralisation and to shallow depths: Average depth of RC drilling 64 metres, & 147 metres for diamond INTERPRET AEROMAGNETICS Identify major structural features DATA COMPILATION & VERIFICATION Cross checking historic data with NT Mines reports TARGET GENERATION Empirical and conceptual criteria TARGET RANKING Based on potential to host a 'standalone' gold deposit Compilation Statistics of all drilling on PNX's Burnside Project • Large portion of landholding remains untested in the primary zone Drill type Unknown no of holes Field work commenced, drill testing to follow metres average 991 10,630 Vac 7,233 AC/RAB 1,176 RC 9,999 Diamond 1,010 totals 36,409 28,638 166,971 632,920 147,709 986,867 11 4 10 Est unit cost $20 $10 $20 Est value $212,600 $72,330 $3,339,418 64 $130 $82,279,600 147 $250 PNZ METALS $36,927,143 $122,831,091 Source: Terrace Minerals 26
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