PMET Resources Inc. · TSX:PMET
PMET Resources — Patriot Battery Metals — Macquarie Australia Conference 2024
48 slides from PMET Resources's conference presentation, May 8, 2024
Slide 1: Unlocking North America's Next Lithium District
For personal use only UNLOCKING North America’s Next Lithium District Macquarie Australia Conference 2024
Slide 2: Legal Disclaimer
LEGAL DISCLAIMER THIS MANAGEMENT PRESENTATION (the "presentation") was prepared as a summary FORWARD-LOOKING STATEMENTS are not guarantees of future performance and involve risks, fluctuations in currency markets (such as the US dollar versus the Canadian dollar); the volatility of overview only of
Slide 3: Highlights
PATRIOT BATTERY METALS Highlights For personal use only Patriot Battery Metals Size, scale, and quality. Corvette is the already the largest lithium pegmatite in the Americas, the 8th largest globally, with significant is a hard-rock lithium exploration potential. Large spodumene crystals allows for
Slide 4: North American Downstream Landscape
For personal use only NORTH AMERICAN Downstream Landscape
Slide 5: North American Downstream Landscape
NORTH AMERICAN Downstream Landscape For personal use only Gigafactory Cathode Active Material/precursor Cathode Active Material (CAM/pCAM) plants 5 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA PMET
Slide 6: North American Lithium Market
NORTH AMERICAN DOWNSTREAM LANDSCAPE North American Lithium Market For personal use only Planned Li Supply (kt LCE) Downstream Demand Select OEMs 419 2027 Battery Manufacturing Capacity 4 plants planned 199 GWh ~700 GWh 115 4 plants planned 165 GWh Implies up to ~477 kt 38 of lithium carbonate equiva
Slide 7: The Corvette Property: North America's Largest Pegmatite Deposit
For personal use only THE CORVETTE PROPERTY North America’s Largest Pegmatite Deposit
Slide 8: CV5 Mineral Resource Estimate: Large, High-Grade
CV5 MINERAL RESOURCE ESTIMATE * Large, High-Grade Deposit/Project Location For personal use only 3.8 Mt of LCE Resource Pilgangoora Australia 2.00% ≈ 8 Years Of TOTAL N.A. Demand In 2027 Manono DRC Greenbushes Australia Wodgina Australia 1.80% 109.2 Mt at 1.42% Li2O Goulamina Mali (Inferred) Manono
Slide 9: CV5 Mineral Resource Estimate: Largest in the Americas
CV5 MINERAL RESOURCE ESTIMATE * Large, High-Grade For personal use only 2.00% Largest in the Americas in LCE Content 109.2 Mt at 1.42% Li2O (Inferred) 1.80% 1.60% PAK + Spark Grota do Cirilo Corvette 1.40% Separation Rapids Bandeira Whabouchi (CV5) Colina NAL Kings Mountain 1.20% Root Adina Moblan J
Slide 10: Top Tier Mining Jurisdiction: Near Infrastructure
TOP TIER MINING JURISDICTION Near Infrastructure Canada For personal use only CV5 Spodumene Pegmatite at Montreal the Corvette Property is Strategically Located in the James Bay Region of Northern Quebec • ~13 km from all-weather road access • ~14 km from existing hydropower lines • ~50 km from La G
Slide 11: Corvette Property: The Largest in the Americas
CORVETTE PROPERTY The Largest in the Americas For personal use only • 100% Owned • CV5 is the largest spodumene pegmatite in the Americas • CV5 traced by drilling over a strike length of 4.6 km and remains open along strike at both ends, and to depth along a significant portion of its length • MRE U
Slide 12: CV5 & CV13 Simple Mineralogy & Metallurgy
CV5 & CV13 Simple Minerology & Metallurgy For personal use only Both CV5 and CV13 — Potentially Processable at the same Plant • Consistently large spodumene crystals (potentially from the same source) • Representative testwork done across the whole orebody • Coarse-grained spodumene liberates effect
Slide 13: CV5 & CV13 Simple Mineralogy & Metallurgy
CV5 & CV13 Simple Minerology & Metallurgy For personal use only • Amendable to simple DMS process which means high recoveries with: • No grinding (high energy) • No flotation • Lower capex and lower opex • Quicker and easier commissioning • Low environmental impact – no harsh reagents required 13 TS
Slide 14: CV5 Mineral Resource Estimate
CV5 MINERAL RESOURCE ESTIMATE * 109.2 Mt at 1.42% Li2O, Inferred For personal use only • Geological model interprets a predominantly single, continuous, principal pegmatite body resulting in easier mining methods, lower costs • The size means it could feed multiple Gigafactories for decades or one f
Slide 15: Albemarle's Strategic Investment
ALBEMARLE’S Strategic Investment $109 M For personal use only VALIDATES CORVETTE Entered into a 9-month MOU to explore LITHIUM downstream opportunities. PROJECT INVESTMENT BY ALBEMARLE Entered into an Investor Rights Agreement INVESTMENT AT IMPLYING A ≈ • 12-month term $15.20 PER SHARE TO ACCELERATE
Slide 16: Albemarle's Strategic Investment: The Downstream Opportunity
ALBEMARLE’S Strategic Investment For personal use only The Downstream Opportunity • Lithium chemical refining is currently the missing link in the Western supply chain • PMET considers it important to partner with future refiners/customers looking for multi-generational sustainable sources of lithiu
Slide 17: Permitting: Proven Pathway
PERMITTING Proven Pathway For personal use only Canadian Permitting Process • Formal Federal authorization process • Thousands of HADD permits are (referred to as HADD) managed issued by the DFO annually for a by the Department of Fisheries & large variety of industries in Canada Oceans (“DFO”) to o
Slide 18: Steps of the ESIA Process
STEPS OF THE ESIA PROCESS Quebec 2. ESIA Guidelines 4. COMEX Review of the 5. Decision Authorizations Issued in April by MELCCFP and COMEV ESIA Report Issuance of a Certificate of Target Q1 2028 Provincial authorization Process For personal use only Public Hearings 2022 2023 2024 2025 2026 2027 2028
Slide 19: Permitting: Mining Approval Process
PERMITTING Mining Approval Process For personal use only Project Description Environmental Impact Assessment Report • Baseline Data collection (2 years) Impact Benefit Agreement • Project guidelines • Alternatives Assessment (Commitments to Local Communities) • Preferred Project Design (based on the
Slide 20: Catalysts: Focus on Execution & Value Creation
CATALYSTS Focus on Execution & Value Creation 2023 Q1 24 Q2 24 Q3 24 Q4 24 2025 2026 2027 2028 2029 For personal use only CV5 and Phase One Production Drill Program and Results Update Mineral Resource Estimate Technical Work to Support PFS Baseline Environmental Monitoring Project Description for Pe
Slide 21: Strategy: Delivering Value
STRATEGY Delivering Value For personal use only Develop CV5 Continue to Drill Exploration/ Community Development Deliver CV5 initial mineral Extend CV5 westward to • Surface work on the • Build and enhance resource estimate CV13 remaining prospective trend relationships with Chisasibi yet to be asse
Slide 22: Corporate Snapshot
For personal use only CORPORATE Snapshot
Slide 23: Corporate Snapshot
CORPORATE SNAPSHOT Trading Update Shareholder Register For personal use only $20.00 4.0 0% 1% 2% 18% 21% 26% $15.00 3.0 3% Volume (mm) 54% 6% C$/sh $10.00 2.0 21% 48% $5.00 1.0 Australia HNW/family office United States Corporate UK Retail $0.00 - Canada Institutional Asia Insider Europe Volume (TSX)
Slide 24: Corporate Snapshot
CORPORATE SNAPSHOT Trading Update Analyst Coverage For personal use only As at April 15, 2024 CAD (m) Basic Share Outstanding 136 Dilutive Securities 11 FDITM Shares 146 FDITM Market Cap: $1,030 Cash (as of end of FQ3 Dec. 31st) $106 Potential Cash from FDITM Options & other $18 24 TSX: PMET ASX: PM
Slide 25: Our Team
For personal use only PATRIOT BATTERY METALS Our Team
Slide 26: Proven Team with a Track Record of Value Creation
PROVEN TEAM WITH A TRACK RECORD OF VALUE CREATION INDEPENDENT DIRECTORS Pierre Boivin (Chairman) For personal use only Mélissa Desroches Brian Jennings INVESTOR RELATIONS Ken Brinsden Blair Way Natacha Darren L. Alix Drapack Greg Barfoot Bradley Seward Olivier Caza-Lapointe B.Eng. (Mining), B.Sc., M
Slide 27: Thank you
For personal use only Thank you PATRIOT BATTERY METALS +1 (604) 279 8709 [email protected] patriotbatterymetals.com
Slide 28: Appendix
For personal use only Appendix
Slide 29: Infrastructure: Shaakichiuwaanan Camp
INFRASTRUCTURE Shaakichiuwaanan Camp For personal use only The Shaakichiuwaanan Camp is located at KM270 on the Trans-Taiga Road. The camp includes the following facilities: • 80 room camp for Phase 1; expansion • Core management and storage with to a total of 150 rooms planned for fuel facility and
Slide 30: Permitting: 2023 XPLOR Patriot Team & Tallyman Family
PERMITTING 2023 XPLOR: Patriot Team & Tallyman Family For personal use only 30 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA PMET
Slide 31: Corvette: Impact Assessment Processes
PERMITTING Corvette: Impact Assessment Processes For personal use only Provincial Assessment & Review Procedure • All mining projects located south of the 55th parallel, in the territory is governed by the James Bay and Northern Quebec Agreement (“JBNQA”) • COMEX – Environmental and Social Impact Re
Slide 32: Permitting: The Project Guidelines
PERMITTING The Project Guidelines Four basic principles should guide the proponent: For personal use only Context 1. Integration of sustainable development • Proponent, description of the project and its context, purpose of the project objectives • Listing of the laws, regulations, agreements and po
Slide 33: Permitting: The Project Guidelines
PERMITTING The Project Guidelines For personal use only Analysis of the project’s impact (positive and negative) Risk management • Methodology used • Analysis of the major technological accident risks • On biophysical environment: water, wetlands, aquatic & terrestrial habitat, fauna, • Description
Slide 34: Permitting: Alternatives Assessment
PERMITTING Alternatives Assessment For personal use only Subsequent studies (preliminary economic assessment, pre-feasibility and feasibility studies) will: 1. Analyze other alternatives, for example: • Location of the mining infrastructure (ore processing plant and other buildings). • Location of r
Slide 35: Permitting: Project Effect Assessment
PERMITTING Project Effect Assessment For personal use only 35 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA PMET
Slide 36: The Impact Benefit Assessment (IBA)
PERMITTING The Impact Benefit Assessment (IBA) For personal use only An IBA is an Agreement executed between a project proponent and one or more First Nation, Inuit, or Métis communities. It encourage community members participation in, and support for, the proposed project. The typical chapters of
Slide 37: Constitutional Rights for Indigenous Consultation
PERMITTING Constitutional Rights for Indigenous Consultation For personal use only • The Crown has the duty to consult and, where appropriate, accommodate Indigenous groups when it considers conduct that might adversely impact potential or established Aboriginal or treaty rights (derived from sectio
Slide 38: James Bay and Northern Quebec Agreement
PERMITTING James Bay and Northern Quebec Agreement For personal use only • Establishes a partnership between the Cree, Inuits, Quebec and Canada • Gives expression to the inherent Cree right of self-government, providing key support for modern Cree Nation governance • Cree and Inuits exchanged their
Slide 39: Infrastructure: All Weather Road
INFRASTRUCTURE All Weather Road For personal use only • The All Season Access Road extends south from KM270 on the Trans-Taiga Road a distance of 20.2 km south to the CV5 deposit • The road includes three bridges (ranging from 30 feet to 100 feet in length) and 12 culvert installations • The road ha
Slide 40: CV5 & Adjacent Spodumene Pegmatite Clusters
CV5 & ADJACENT Spodumene Pegmatite Clusters For personal use only • CV5 is currently a 4.6 km spodumene pegmatite as defined by drilling, which remains open • CV13 is currently a 2.3km spodumene pegmatite as defined by drilling, which remains open • CV13 is situated ~2.9 km along geological trend fr
Slide 41: CV9 Spodumene Pegmatite Drilling
CV9 SPODUMENE PEGMATITE Drilling For personal use only • Wide intervals of variably mineralized spodumene- bearing pegmatite intersected in maiden drill program • 99.9 m at 0.39% Li2O, including 30.6 m at 0.80% Li2O (CV23-345) • 15.7 m at 0.76% Li2O, including 10.8 m at 1.00% Li2O (CV23-267) • The C
Slide 42: CV5 Geological Model: Side View
CV5 GEOLOGICAL MODEL Side View Side view of CV5 Spodumene Pegmatite geological model looking northerly (340o) — For personal use only principal pegmatite only. The principal pegmatite contains ~93% (101.8 Mt) of the total inferred resource tonnage (109.2 Mt) at CV5*. *CV5 mineral resource (109.2 Mt
Slide 43: CV5 Mineral Resource: Pit Constrained Block Model
CV5 MINERAL RESOURCE * Pit Constrained Block Model Select views of the pit constrained, inferred classified block model. For personal use only The CV5 mineral resource* block model, at a pit-constrained inferred level of confidence, incorporates ~3.4 km of the total 4.6 km long pegmatite as has been
Slide 44: CV5 Mineral Resource: Cut-off Grade Sensitivity Analysis
CV5 MINERAL RESOURCE * Cut-off Grade Li2O ≥ Cut-off Sensitivity Classification Tonnes ≥ Cut-off Li2O (%) (%) 0.10 Inferred 123,357,000 1.28 Analysis 0.20 Inferred 116,246,000 1.35 For personal use only 0.30 Inferred 112,215,000 1.39 0.40 Inferred 109,242,000 1.42 0.50 Inferred 106,285,000 1.45 0.60
Slide 45: CV5 Geological Model: Model Cross-Sections
CV5 GEOLOGICAL MODEL Model Cross-Sections For personal use only 45 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA PMET
Slide 46: CV5 Geological Model: Model Cross-Sections
CV5 GEOLOGICAL MODEL Model Cross-Sections For personal use only 46 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA PMET
Slide 47: CV5 Maiden Mineral Resource Statement
CV5 MAIDEN Mineral Resource Statement For personal use only Cut-off Tonnes Li2O Ta2O5 Contained Li2O Contained LCE Grade Classification (Mt) (%) (ppm) (Mt) (Mt) Li2O (%) 0.40 Inferred 109.2 1.42 160 1,551,000 3,835,000 • Mineral resources were prepared in accordance with National Instrument 43-101 —
Slide 48: Notes: Peer Comparison Information
NOTES PEER COMPARISON INFORMATION Reserves (Mt LCE) Resources (Mt LCE) — Inclusive of Reserves Company Project Stage Information Source(s) Proven Probable Total Reserves Measured Indicated Inferred Total Resources AVZ Minerals Manono (75%) Feasibility 2.0 2.0 4.0 3.1 5.3 3.9 12.3 AVZ Minerals June 2
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