Power Minerals Limited · ASX:PNN

Power Minerals — PepinNini Minerals — Shareholder Meeting (November 2017)

23 slides from Power Minerals's shareholder meeting presentation, Nov 9, 2017

1. Slide 1: Presentation to Annual General Meeting – 9 November 2017

   For personal use only Rebecca Holland Kennedy Chairman and Managing Director Presentation to Annual General Meeting – 9 November 2017 1

2. Slide 2: 2017 Highlights

   2017 Highlights Expansion of Lithium Brine project tenure in Argentina For personal use only Sixfold increase in average daily share trading Exploration team established and active in Argentina 2

3. Slide 3: Where we are exploring

   Where we are exploring For personal use only  16 tenements, 15,139 km2  24 tenements, 501 km2  Musgrave Focus >90% holding  Lithium project focus 60%  Nickel, Copper, PGE, Diamonds, holding Gold , Silver & basemetal targets  Copper, Gold and Lithium Brine 3

4. Slide 4: Where we are

   Where we are 2017 For personal use only Shares on issue 483,968,689 Options on issue(unquoted) 1,500,000 No. shareholders 2,920 Top 20 shareholders 43.9% of capital Working Capital 30 Sep 17 $1.5m Funds raised from equity to $4.6m 30 June 17 Exploration expenditure $2.7m 1 July 2016 to 30 Sep 2017 4

5. Slide 5: Company strategic focus on Lithium Project in Argentina

   Company strategic focus on Lithium Project in Argentina  Attractive commodity For personal use only  Company experience and expertise in Argentina  Argentine potential resource base Lithium Demand – Deutsche Bank Forecast Source – Deutsche Bank Markets Research – May 2016 5

6. Slide 6: Tenure Increased

   Tenure Increased  In June 2016 we For personal use only held 8 minas over 17,192 hectares  Current - 16 minas of 40,184 hectares 6

7. Slide 7: Strategic Tenure

   Strategic Tenure  All within the South For personal use only American lithium triangle  All within Salta Province – mining friendly – well administered 7

8. Slide 8: Fund raising success

   Fund raising success  Successful fund raising For personal use only of $4.6m  Funding for exploration of Lithium project – logical responsible scientific method of testing of our prospects  No wastage of funds on overheads 8

9. Slide 9: Exploration Activity

   Exploration Activity  Argentine exploration team – local with expertise For personal use only  Completed geophysical surveys on 5 salars,  Drilling and sampling program on-going 9

10. Slide 10: Community engagement

    Community engagement For personal use only 10

11. Slide 11: Musgrave Project – AEM completed

    Musgrave Project – AEM completed  Completion of PNN, For personal use only CSIRO and SA Govt collaborative AEM survey Mt Caroline  Exploration targets 0.03%Cu, identified for testing 0.13% Ni, with company drilling 0.17% Co equipment  R&D tax refund of $200,000 Anerinna Hills & Ironwood Bore Targ

12. Slide 12: Musgrave Joint Venture – NiCul Minerals Ltd

    Musgrave Joint Venture – NiCul Minerals Ltd  Agreement reached with Rio Tinto for an For personal use only extension of 2.5yrs  Covers 4 ELAs – Pink Slipper Target  Nickel, Copper, Cobalt target minerals Pink Slipper Target to be tested

13. Slide 13: Toondulya Bluff – Gold – Silver

    Toondulya Bluff – Gold – Silver  Success for competitive exploration For personal use only release area(ERA), low acquisition cost  Known Gold occurrences to the north  Three targets identified for testing with company owned drilling equipment

14. Slide 14: Recent activity

    Recent activity  Roadway permit and road works underway for For personal use only drilling Salar de Pular  Geophysical survey completed indicating potential brine bearing aquifers on Salar del Rincon  Drilling permits lodged for Salar del Rincon and community visited 14

15. Slide 15: Salar de Pular – Exploration underway

    Salar de Pular – Exploration underway  Lithium brine confirmed from surface For personal use only samples in September 2016  Permits for Road works received and works underway  Drilling planned for late November and sample results expected December 15

16. Slide 16: PepinNini Board of Directors

    PepinNini Board of Directors For personal use only Rebecca Holland- Sarah Clifton-Brown Phil Clifford Robert (Wei) Sun Justin Nelson Ignacio Celorrio Kennedy B.Arts,(Hons) Accountancy, B.Sc., MAusIMM M.Econ (Commerce), B.Arts(Jurisprudence)LLB LLB/JD Partner B.Sc., B.Arts, MAusIMM, FCCA, GAICD M.Eco

17. Slide 17: Ahead – Change

    For personal use only AHEAD CHANGE

18. Slide 18: Portfolio Strategy – FY 2018 and beyond

    Portfolio Strategy – FY 2018 and beyond PepinNini Lithium Limited For personal use only Lithium carbonate production by 2020 NiCul Minerals Limited  Exploration test all tenure and focus on tenure with best grade resource potential  Define lithium brine resource and develop Salta Lithium Project p

19. Slide 19: The PepinNini Team – Australia and Argentina

    The PepinNini Team – Australia and Argentina For personal use only 19

20. Slide 20: Strategic Pathway for shareholder return

    Strategic Pathway for shareholder return  Refocus core area of Lithium in Argentina – PepinNini Lithium For personal use only  Maintain Musgrave Ni-Cu-Co project under NiCul Minerals  Experience in Argentina means efficiency and opportunity to come  Lean, efficient and diligent exploration  Com

21. Slide 21: PepinNini Lithium Limited

    PeninNini Lithium Limited

22. Slide 22: Thank you – Disclaimer and Competent Persons Statement

    Thank you For personal use only Disclaimer and Competent Persons Statement  The information in this presentation is published to inform you about PepinNini Minerals Limited and its activities. All reasonable effort has been made to provide accurate information, but we do not warrant or represent it

23. Slide 23: We explore, we persist, we find

    We explore, we persist, we find For personal use only Lithium - Argentina Nickel Copper Cobalt - Musgrave PepinNini – the Battery company pepinnini.com.au

PepinNini Minerals — Shareholder Meeting (November 2017) on 6ix