Investor Presentaiton

Stage 1 Incorporates Glencoe Near-surface high-grade gold zones extended to over 1.4 km and remains open in all directions • • 54 RC holes drilled in 2021, including: 6m at 3.84 g/t Au from 36m in GLRC044 2m at 8.58 g/t Au from 10m in GLRC045 8m at 1.52 g/t Au from 80m in GLRC048 20m at 1.01 g/t Au from 72m in GLRC052 5m at 1.61 g/t Au from 11m in GLRC053 12m at 1.05 g/t Au from 43m in GLRC054 3 hole diamond drilling commenced Updated resource end Q1 2022 Glencoe Project PNX Exploration Drilling 100m Ri -80m RL- GLRC048-0-5 m 5 m at 0.70 g/t Au GLRC048 GLRC049 BLRC050 GLRC049-14-25 m 11 m at 1.03 g/t Au SECTION 4340 E Glencoe Local Grid North 100mRt GLRC050-24-29 m 5 m at 1.02 g/t Au 60m-RL Base of Oxidation ML 29679 Glencoe Project 8513000 N 770500 E Ban Ban Springs Road 771000 E West GLRC054 16m at 1.02 g/t Au 12m at 1.05 g/t Au GLRC052 20m at 1.01 g/t Au Mid Central GLRC053 5m at 1.61 g/t Au North Central South Central East GLRC050 5m at 1.02 g/t Au GLRC049 21m at 0.90 g/t Au GLRC048 20m at 1.00 g/t Au GLRC045 2m at 8.58 g/t Au 60m RL GLRC048-35-61 m 26 m at 0.57 g/t Au 40m RL Aug/t >1.0 0.7-1.0 GLRC048-68-88 m 20 m at 1.00 g/t Au -20m RL 0.4-0.7 0.2-0.4 0.1-0.2 0.05-0.1 <0.05 PNZ METALS 512500 N 60m-RL- Map Grid: GDA94 (Zone 52) GLRC049-70-74 m 4 m at 1.35 g/t Au 40m RL 0 250 500 m -20m-RL- 0 25 m Interpreted Mineralised Zones Approx. 0.5 g/t Au cut off *See Appendix for further details including Full Mineral Resources GLRC044 6m at 3.84 g/t Au 18

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