Fountain Head Gold Project Development Overview

SIGNIIFCANT MILESTONES ACHIEVED On Track for First Gold Production from Fountain Head Q2 2022 Current Position 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 Q4 2020 Cap raise for development and exploration activities Q2 2021 Submission of Government Approvals Q1 2022 Mining activity to commence - dewatering & pre-strip PNZ METALS O 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 Q1 2021 Regional exploration re-commences Q3 2021 EIS approval expected Q2 2022 First gold production from Fountain Head 12

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