Fountain Head Exploration

Significant Milestones already Achieved Target First Gold Production from Fountain Head Q4 2022 Current Position Q3 2017 Hayes Creek MRE 237.7koz Au 16.2Moz Ag 177kt Zn Q1 2018 Q2 2020 Fountain Head PNX acquires Fountain Head Gold Project MRE update 156koz Au Q2 2021 Submission of Q4 2021 Project Engineering Agreement Government Approvals, & Glencoe MRE 79koz Au PNZ METALS O 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 Q2 2021 Publish Project PFS Q4 2021 Project Financing Q1 2022 EIS approval expected Q4 2022 Target first gold production from Fountain Head Q2 2022 Onsite construction to commence 7

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