Investor Presentaiton

Mt Bonnie & Iron Blow Sulphides Two Zinc-Gold-Silver Rich VMS Deposits • 4.1 Mt of high- • grade Mineral Resources of which 84% Indicated¹ Mining areas sit on granted MLS, less than 3km apart 100 lev -8504400-N 8504500 DH061 18DH062 IBDH063 46 69 75 80 89 24 25 36 45 13 22 23 35 55 61 66 Elev 8504600 N 7.58 74 839 88 767 772 82 • 15-20km along existing haul roads from mine location to proposed Plant at Fountain Head 1. See Appendix for further details PNZ METALS 100 Elov 850430 30 10 18 11 1920 41 31 32 51 42 57 52 62 58 63 8 16 27 39 48 49 8 17 2829 40 50 26 38 Proposed plant location at Fountain Head utilises historic open- pit for TSF, existing water, rail, gas, grid power, camp facilities -8504700 N 768,000 mE 772.000 mB S N Land Claim Ban Ban ALRA Aboriginal Fountain Head Looking NW 100 Elev 0-Elev Stope Ave Grade Zn% 400 Elev Absent 0-2 2-4 4-6 6-8 776,000 mE "West Ban Ban #2" DC2004/005 NTD6023/2001 Ban Ban Pastoral Station Mt Wells Road fossicking reserve "Douglas North" DC2001/023 NTD6023/2001 Mt Osbourne Tower po native title claim Prin Douglas Pastoral Station Fishers Lode kilometres Davies Stuart Highway H Northpoint Grove Hill Road PNY METALS Exclusion from Douglas Station Iron Blow Q Mt Bonnie 8,508,000 mN 8,504,000 mN 8,500,000 mN "Mary River West" DC2001/006 NTD6006/2001 Mary River Wes Pastoral Station 8-10 10-12 200-Elev 0504700 Low-cost open-pit mining to start at Mt Bonnie, then underground mining at Iron Blow PNX Mineral Leases Burnside Project ELS Other Mineral Leases Gas Pipeline Reserved Land Pastoral Lease Boundary 100m RL contour 200m RL contour Darwin-Adelaide Railway X HV Powerlines 66 kVa ―x HV Powerlines 11 kVa Major Road Minor Road Track Main Watercourse NLC native title claim boundaries (approx) ALRA Aboriginal Land Claim H Grove Hill Hotel Q Airstrip Historical Open Pit 20 0

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