Power Metallic Mines (PNPN) investor relations material

Key discoveries and project highlights

• Lion Zone is a world-class, ultra-high-grade copper and PGE discovery with double-digit copper equivalent grades, starting near surface and drilled to 700–800 meters depth.

• Recent assays include some of the best results to date, with one hole surpassing previous records and average intercepts over 22 meters.

• The Lion deposit contains a mix of copper (45%), PGEs, gold (10%), silver (5%), cobalt, and rhodium, making it a rare orthomagmatic discovery—only the 21st globally.

• The project is located near Nemaska, Québec, with excellent infrastructure, including highway access, hydro power, and proximity to a regional airport.

• The James Bay Cree have been instrumental in supporting land access and logistics, and the company has expanded its land package by 600%.

Financials, partnerships, and capital structure

• Raised CAD 50 million in February, supported by prominent mining investors, enabling a 100,000-meter drill program.

• About half of the company is controlled by a small group of stakeholders, including key institutional players and insiders.

• Stock performance lagged in 2023 despite strong commodity prices and asset growth, but recent efforts to address market concerns have led to a 40% rebound.

• Strategic shareholders like Gina Rinehart, Rob McEwen, and Robert Friedland provide capital and industry expertise.

Technical progress and future plans

• Metallurgical tests by SGS show 95% recoveries, supporting the project's viability as a future mine.

• A new mineral resource estimate is expected in July, and a preliminary economic assessment (PEA) is planned for Q4, incorporating all recent drilling.

• Exploration continues on new targets (Elephant, Tiger Deep, fold hinge), with potential for additional Lion-scale zones.

• Engineering work is underway for a starter open pit plus underground scenario, with initial gold zone results expected later this summer or early fall.