Investor Presentaiton

PNXs Strategic Growth Channels Integrated zinc-gold-silver development underway Future Growth Embedded in Existing Asset Base Strong Development Pipeline • Over 1,500km² of mineral and exploration licences . Pipeline of targets to feed into proposed infrastructure District scale discovery potential • Continue to acquire value add assets at the right price. Plant feed from multiple sources • Plant design capable of treating multiple ore types Process flexibility to improve resource utilisation Zinc-gold-silver to concentrates & gold-silver doré Capital and operating cost synergies Centralised Plant & Infrastructure at Fountain Head ML • Initial PFS completed June'21 • Fountain Head Environmental approvals imminent . Integrated Plant design & engineering underway • Target average annual production of ~70-80koz AuEq' 1. (AuEq) Gold Equivalent - incorporates other payable metals such as silver and zinc in addition to the contained gold and converts into a gold equivalent value, refer PNX PFS 17 June 2021 for further details PNX METALS 10

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