PMET Resources Inc. · TSX:PMET
PMET Resources — Patriot Battery Metals — Shareholder Meeting (September 2024)
27 slides from PMET Resources's shareholder meeting presentation, Sep 18, 2024
Slide 1: Shaakichiuwaanaan - North America's Next Lithium Powerhouse
For personal use only Shaakichiuwaanaan - North America’s Next Lithium Powerhouse AGM Presentation September 2024 1 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA PMET
Slide 2: Important Information - Cautionary Statements
IMPORTANT INFORMATION This presentation has been prepared by Patriot Battery Metals Inc (Company) and is authorised a staged development approach (and therefore staged funding strategy), which involves a thereby; the accuracy and reliability of estimates, projections, forecasts, studies and assessme
Slide 3: Important Information - Qualified Persons and Non-IFRS Measures
IMPORTANT INFORMATION QUALIFIED/COMPENTENT PERSONS NON-IFRS AND OTHER FINANCIAL MEASURES interpretation of a consolidated dataset of surface rock sample descriptions and assays, outcrop mapping and descriptions, drill hole logs and core sample assays, geophysical surveys, and remote sensing data. Th
Slide 4: Investment Highlights
For personal use only 1 Investment Highlights 4 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA PMET
Slide 5: Largest Lithium Pegmatite Resource in the Americas
SHAAKICHIUWAANAAN – INVESTMENT HIGHLIGHTS Largest Lithium Pegmatite Resource in the Americas For personal use only Lithium Pegmatite Mineral Resource by Grade and Tonnes 1.80% Production Development PMET 1.60% Shaakichiuwaanaan PAK + Spark Grota do Cirilo 1.40% Separation Rapids Bandeira Whabouchi G
Slide 6: Patriot's Phased Development Strategy
SHAAKICHIUWAANAAN – INVESTMENT HIGHLIGHTS Patriot’s Phased Development Strategy For personal use only Downstream (Opportunity) Stage 2 (Expansion Phase) Future downstream opportunity (Not included in the PEA) Provides increased access to North American Stage 1 and European lithium supply chains ~8
Slide 7: PEA Highlights
SHAAKICHIUWAANAAN – INVESTMENT HIGHLIGHTS PEA Highlights For personal use only After-Tax NPV8% Real After-Tax IRR Stage 1 Net Capex Payback Period C$2.9 Billion 34% C$640 Million 2 3.6 Years (US$2.2 Billion) (US$487 Million) Estimated break-even spodumene 1 US$1,375/t (SC5.5 FOB Bécancour) price (SC
Slide 8: UG - High-grade Mining Potential
SHAAKICHIUWAANAAN – INVESTMENT HIGHLIGHTS UG - High-grade Mining Potential CV5 Side View Highlighting the High-Grade Nova Zone For personal use only • Selectively targeting high-grade mining areas has the potential to reduce costs during periods of lower lithium pricing, improving optionality of the
Slide 9: High-Grade Discovery at CV13 – Vega Zone
SHAAKICHIUWAANAAN – INVESTMENT HIGHLIGHTS High-Grade Discovery at CV13 – Vega Zone1 For personal use only • New high-grade spodumene pegmatite zone discovered at CV13: • 34.4 m at 2.90% Li2O, including 21.9 m at 3.58% Li2O (CV24-470), discovery hole. • 51.7 m at 1.77% Li2O, including 9.7 m at 5.16%
Slide 10: Simple Mineralogy & Metallurgy
SHAAKICHIUWAANAAN – INVESTMENT HIGHLIGHTS 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 pegmatite • Coarse-grained
Slide 11: Mining Approval Process
SHAAKICHIUWAANAAN – INVESTMENT HIGHLIGHTS 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) • Preferr
Slide 12: Market Commentary
For personal use only 2 Market Commentary 12 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA PMET
Slide 13: Supply Ramping up at a cost…
SHAAKICHIUWAANAAN – MARKET COMMENTARY Supply Ramping up at a cost… For personal use only • Supply-side response from the Chinese producers has Zimbabwe – Hard Rock Cost of Production been successful in the last couple of years, however it has come at a significant cost 1,400 • Just one example, look
Slide 14: Cutting into the Cost Curve
SHAAKICHIUWAANAAN – MARKET COMMENTARY Cutting into the Cost Curve For personal use only • Current pricing is not high enough to incentivise the new Citi’s FY25 all-in cost curve for its ASX coverage production that is required to grow the market Growth Capex significantly. 1,800 • Some of the lowest
Slide 15: Demand at a Tipping Point
SHAAKICHIUWAANAAN – MARKET COMMENTARY Demand at a Tipping Point For personal use only • Chinese dominance of New Energy industries is becoming increasingly Battery margins are being squeezed clear, with its leading position in the lithium-ion supply chain growing China sell spot prices and manufactu
Slide 16: North American Downstream Landscape
SHAAKICHIUWAANAAN – MARKET COMMENTARY North American Downstream Landscape For personal use only Gigafactory Cathode Active Material/precursor Cathode Active Material (CAM/pCAM) plants 16 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA PMET
Slide 17: Exploration, Resource Growth and Project Delivery
Exploration, Resource Growth and Project Delivery For personal use only Continue to Drill Exploration/ Community Develop CV5 Development Extend CV5 westward • Surface work on the • Build and enhance Upgraded CV5 mineral to CV13 remaining prospective trend relationships with Chisasibi resource estima
Slide 18: Thank you
For personal use only Thank you PATRIOT BATTERY METALS +1 (604) 279 8709 [email protected] patriotbatterymetals.com 18 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA PMET
Slide 19: Appendices - Corporate Snapshot
For personal use only Appendices Corporate Snapshot
Slide 20: Proven Management Team with a Track Record of Value Creation
PROVEN MANAGEMENT TEAM WITH A TRACK RECORD OF VALUE CREATION Investor Relations For personal use only Ken Brindsen Natacha Alex Eastwood Darren L. Alix Drapack Greg Barfoot Bradley Seward Olivier B.Eng. (Mining), Garoute BEc, LLB Smith P.Eng., MBA, ICD.D M.Eng., MBA Vice President, Caza-Lapointe MAU
Slide 21: Corporate Snapshot - Trading Update and Shareholder Register
CORPORATE SNAPSHOT Trading Update Shareholder Register For personal use only $20.00 9.0 8.0 3%1% 0% 5% 3% 7.0 $15.00 23% 15% 6.0 37% 49% Volume (mm) 5.0 C$/sh $10.00 16% 4.0 24% 3.0 24% $5.00 Australia Other 2.0 Canada Institutional 1.0 United States HNW/family office $0.00 - Europe Retail Dec-22 De
Slide 22: Corporate Snapshot - Capital Structure and Analyst Coverage
CORPORATE SNAPSHOT Trading Update Analyst Coverage For personal use only Pro-Forma Equity Raise CAD (m) Basic Shares Outstanding 141.1 Dilutive Securities 11.1 Fully Diluted Shares 152.2 Market Cap (as of Sept 16) : $482 Cash (as of June 30th) $102 Potential Cash from FDITM Options & other $6.1 22 T
Slide 23: Appendix - Mineral Resource & Peer Comparison
For personal use only Appendix Mineral Resource & Peer Comparison
Slide 24: CV5 and CV13 Mineral Resource Statement
CV5 AND CV13 Mineral Resource Statement For personal use only Li2O Ta2O5 Contained Li2O Contained LCE Pegmatite Classification Tonnes (%) (ppm) (Mt) (Mt) Indicated 80,130,000 1.44 163 1.15 2.85 CV5 & CV13 Inferred 62,470,000 1.31 147 0.82 2.03 • Mineral Resources were prepared in accordance with Nat
Slide 25: CV5 and CV13 Mineral Resource Sensitivity Analysis
CV5 AND CV13 MINERAL RESOURCE * Sensitivity Analysis CV5 Spodumene Pegmatite CV13 Spodumene Pegmatite For personal use only Indicated Inferred Indicated Inferred Cut-off grade Average grade Average grade Average grade Average grade Tonnes ≥ cut- (%) Tonnes ≥ cut-off (Li2O) ≥ cut-off Tonnes ≥ cut-off
Slide 26: Notes: Peer Comparison Information – Resources
N O T E S P E E R COMPARISON INFORMATION – RESOURCES (SLIDE 5) 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 4.0 11.
Slide 27: Thank you
For personal use only Thank you
Patriot Battery Metals — Shareholder Meeting (September 2024) on 6ix