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Investor Presentaiton

Significant Milestones already Achieved Target First Gold Production from Fountain Head early 2023 Q3 2017 Hayes Creek MRE 237.7koz Au 16.2Moz Ag 177kt Zn Q1 2018 PNX acquires Fountain Head Gold Project Q2 2020 Fountain Head MRE update 156koz Au Q2 2021 Submission of Government Approvals, & Glencoe MRE 79koz Au Current Position Q4 2021 Ongoing Project Engineering PNZ METALS OOOOOOO Q4 2017 PFS completed on Hayes Creek Q3 2019 JORC (2012) Resource at Fountain Head Q3 2020 Assessing Mt Bonnie Oxide Au+Ag to FH Au From end Q1 2022 Project Financing and FID Up to 12 months from FID Target first gold production from Fountain Head Q2 2021 Publish Project PFS From end Q1 2022 EIS approval From Q2 2022 Onsite works to commence *See Appendix for further details 11
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