Magmatic Ni-Cu-PGM sulphides
Moorkai-Platinum Springs 2
Platinum Springs
• 0.6 metres at 11.5 g/t platinum,
25.6 g/t palladium, 1.4 g/t gold,
7.6% copper, 7.4% nickel, 44.3 g/t silver,
0.16% cobalt, 1.3 g/t rhodium, 1.7 g/t
iridium,
2.0 g/t osmium and 0.8 g/t ruthenium New EM
from 57.1 metres down hole within
Conductor
• Richest ore in Australia? discovered
• Southern end of the 9 km Moorkai Trend
dripping in PGE’s
IPT_Paydirt Nickel Conference Oct 5th 2022
New EM Conductor:
possible feeder zone
to the Moorkai
Trend?
IPT_Paydirt Nickel Conference Oct 5th 2022
Building a battery
metals fortress in WA
• 10 projects: 4,000 sq km: 18
months
• Arkun-Beau-Dinninup-Martup-
Mineral Hill 100%
• Five JVs 80%-20% free carried
to DtM
IPT_Paydirt Nickel Conference Oct 5th 2022
Arkun Project
6
Emerging
Ni-Cu PGM-Au mineral
province of SW Western
Australia
Beau Julimar Newleyine
IPT_Paydirt Nickel Conference Oct 5th 2022
Arkun Project
6
Regional Geochemical
Anomalies
IPT_Paydirt Nickel Conference Oct 5th 2022
Arkun Project
6
IPT_Paydirt Nickel Conference Oct 5th 2022
Surface
Geology Map
IPT_Paydirt Nickel Conference Oct 5th 2022
First pass soils
Ni-Cu-PGM-Au
N4
N3
N1
N2
IPT_Paydirt Nickel Conference Oct 5th 2022
First Pass Soils
LCT Pegmatites
Beau
L2
L3
L1
IPT_Paydirt Nickel Conference Oct 5th 2022
Jumbo JV Project
7
All of the above!
IPT_Paydirt Nickel Conference Oct 5th 2022
Follow Up Work
• Bedrock geology map
• Surface geology map
• 170 grab samples
• 950 soil samples
• AEM survey
• Land Access
Agreements underway.
• 22 completed for all
pre-drilling activities.
IPT_Paydirt Nickel Conference Oct 5th 2022
Bedrock
Geology Map
and Key
Prospects
Widespread
mafic
intrusive rocks
IPT_Paydirt Nickel Conference Oct 5th 2022
Rock Chip
Samples
IPT_Paydirt Nickel Conference Oct 5th 2022
Rock Chip
Samples
IPT_Paydirt Nickel Conference Oct 5th 2022
Beau
IPT_Paydirt Nickel Conference Oct 5th 2022
Beau
Ni-
Cu-3PGE-
Ag-Co
IPT_Paydirt Nickel Conference Oct 5th 2022
Layered Gabbros
IPT_Paydirt Nickel Conference Oct 5th 2022
Beau
Au-Pd-Mg
IPT_Paydirt Nickel Conference Oct 5th 2022
Beau
Li-Cs-Ta system
IPT_Paydirt Nickel Conference Oct 5th 2022
Next
Steps and Drilling in 2022-23 Soil geochemistry Rationalisatio
Portfolio
and geophysical
Strong Arkun-Beau surveys • Broken Hill JV IGO
Broken Hill, NSW
Arkun, WA
n
(IPT 100%)
(IPT 100%)
(IPT: 100%)
News • Air core and RC programme • Follow up ground work in • Commonwealth IPO
• EM Surveys at Platinum
progress
• 1 M shares in A8G
Springs, Red Hill and
Flow Other Projects • Orange Minerals Ltd
Little Broken Hill Gabbro
• Drill targets to be defined
• Jumbo, Narryer Dalgaranga $180K cash and $54k
• First pass soil results being shares.
interpreted • Sale of Blackridge
121 London May 2022
Advancing DSO Nickel
Projects to Produc,on
Investor
Presenta,on ASX:PNM
October 2022
1
Disclaimer
This presenta4on may contain certain statements and projec4ons provided by or on behalf of Pacific Nickel Mines Limited (“Pacific Nickel”) with respect to the an4cipated future undertakings. These forward-looking statements reflect
various assump4ons by or on behalf of Pacific Nickel.
Accordingly, these statements are subject to significant business, economic and compe44ve uncertain4es and con4ngencies associated with the mining industry which may be beyond the control of Pacific Nickel which could cause
actual results or trends to differ materially, including but not limited to price and currency fluctua4ons, geotechnical factors, drilling and produc4on results, development progress, opera4ng results, reserve es4mates, legisla4ve, fiscal
and regulatory developments, economic and financial markets condi4ons in various countries, approvals and cost es4mates, environmental risks, ability to meet funding requirements, share price vola4lity. Accordingly, there can be no
assurance that such statements and projec4ons will be realised. Pacific Nickel makes no representa4ons as to the accuracy or completeness of any such statement of projec4ons or that any forecasts will be achieved. Addi4onally, Pacific
Nickel makes no representa4on or warranty, express or implied, in rela4on to, and no responsibility or liability (whether for negligence, under statute or otherwise) is or will be accepted by Pacific Nickel or by any of their respec4ve
officers, directors, shareholders, partners, employees, or advisers as to or in rela4on to the accuracy or completeness of the informa4on, statements, opinions or maQers (express or implied) arising out of, contained in or derived from
this presenta4on or any omission from this presenta4on or of any other wriQen or oral informa4on or opinions provided now or in the future to any interested party or its advisers. In furnishing this presenta4on, Pacific Nickel
undertakes no obliga4on to provide any addi4onal or updated informa4on whether as a result of new informa4on, future events or results or otherwise. Nothing in this material should be construed as either an offer to sell or a
solicita4on of an offer to buy or sell securi4es. It does not include all available informa4on and should not be used in isola4on as a basis to invest in Pacific Nickel.
This presenta4on contains informa4on extracted from ASX market announcements reported in accordance with the 2012 edi4on of the “Australasian Code for Repor4ng of Explora4on Results, Mineral Resources and Ore
Reserves” (“2012 JORC Code”). Further details (including 2012 JORC Code repor4ng tables where applicable) of explora4on results referred to in this presenta4on can be found in the following announcements lodged on the ASX and
also available on Pacific Nickel’s website under the Investors tab: 12 October 2020 - Drilling to Commence at Solomon Islands Nickel Project, 19 November 2020 – Ini4al JORC Resource Es4mate at Kolosori, 24 November 2020 – Jejevo
Explora4on Target and Drilling Update, 24 November 2020 - Jejevo Explora4on Target and Drilling Update, 17 December 2020 - Jejevo Nickel Project Update, 11 March 2021 - Jejevo Nickel Project - Drilling Update, 15 March 2021
Kolosori Nickel - Planned Drilling & Pre-Development Update, 23 June 2021 Jejevo Nickel Project - Drilling Update, 26 July 2021 Kolosori Nickel Project - Drilling Update, 02 September 2021 Stage 2 Infill Drilling Commences at Kolosori
Nickel Project, 07 October 2021 Ini4al JORC Resource Es4mate at Jejevo, 13 October 2021 Stage 2 Drilling and Development - Kolosori Nickel Project, 18 November 2021 Kolosori Nickel Project - Drilling Update, 18 November 2021
Release of Scoping Study for Kolosori Nickel Project, 20 December 2021 Development Consent Approved for Kolosori Nickel Project, 05 January 2022 Early Works Update – Kolosori Nickel Project, 03 March 2022 Kolosori Nickel Project –
Early Works Completed Successfully, 10 March 2022 Kolosori Nickel – Debt Financing and Nickel Marke4ng Study, 01 April 2022 Kolosori Nickel Project Update, 15 June 2022 Kolosori Oiake & Project Debt Mandate Awarded to
Glencore, 11 July 2022 Mining Lease LeQer of Intent for Kolosori Nickel Project, 15 September 2022 Mining Lease Awarded for the Kolosori Nickel Project, 27 September 2022 Kolosori Project Update & 29 September 2022 – Updated
Kolosori JORC Resource.
The Scoping Study referred to in this announcement has been undertaken for the purpose of the further evalua4on of a poten4al development of the Kolosori Nickel Project. It is a preliminary technical and economic study of the
poten4al viability of producing a nickel direct ship ore product from the Kolosori Nickel Laterite Project. The Scoping Study outcomes, produc4on target and forecast financial informa4on referred to in this announcement are based on
low accuracy level technical and economic assessments that are insufficient to support es4ma4on of Ore Reserves, or to provide certainty that the conclusions of the Study will be realised. While each of the modifying factors was
considered and applied, there is no certainty of eventual conversion to Ore Reserves or that the produc4on target itself will be realised. Further explora4on and evalua4on work and appropriate studies are required before Pacific Nickel
is in a posi4on to es4mate any Ore Reserves or to provide any assurance of an economic development case.
The Competent Person for each of the above announcements was Mr Stuart Hutchin, a Member of the Australian Ins4tute of Geoscien4sts and a full-4me employee of Mining One Consultants. Pacific Nickel confirms that it is not aware
of any new informa4on or data that materially affects the informa4on included in any original ASX announcement. In addi4on, Pacific Nickel confirms that all material assump4ons and technical parameters underpinning the es4mate of
the Mineral Resource at Kolosori in the announcement “Ini4al JORC Resource Es4mate at Kolosori” and at Jejevo in the announcement “UPDATED KOLOSORI JORC RESOURCE” con4nue to apply and have not materially changed. The
Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified.
ASX:PNM 2
Company Overview
Rapidly advancing two DSO projects to
produc,on in the Solomon Islands
1. KOLOSORI (80% PNM)
• Mining Lease granted in September 2022
• JORC 2012 MRE of 6.02Mt at 1.52% Ni (1.2% Ni cut-off) 1
• Posi4ve Scoping Study
o Produc4on of 1.3Mtpa @ 1.5% Ni
o CAPEX approx. US$20m (1 year payback) and
o Opera4ng margins of approx. US$15-20/tonne.
• Debt financing and off-take with Glencore (US$22m)
• Early contractor involvement with HBS - experienced
PNG mining contractor
2. JEJEVO (80% PNM)
2
• JORC 2012 MRE of 7.82Mt at 1.46% Ni (1.2% Ni cut-off)
• Jejevo project poten4al to be a ‘copy and paste’ of the
Kolosori development
1. ASX Announcement 29 September – Updated Kolosori JORC Resource ASX:PNM 3
2. ASX Announcement 7 October 2021 – Ini4al Jorc (2012) Resource Es4mate at Jejevo
Corporate Snapshot | ASX:PNM
Pacific Nickel Mines
PNM Share Price Chart
Capital Structure Purchase Agreement $0.16 10,000,000
$24.5M Shares to be issued under purchase agreements $0.14 9,000,000
Market Cap 29.5M 8,000,000
($0.09 Share Price) $0.12
Shares deferred considera,on
7,000,000
$680k $0.10
Cash 6,000,000
30 Jun 2022
Substan,al Shareholders Price $0.08 5,000,000 Volume
271.2M $0.06 4,000,000
Shares on Issue 53% 17.3%
Top 20 Holders Directors Holding $0.04 3,000,000
11.5M 2,000,000
Op,ons 6.3% James Dean – Director
Exercise $0.06 | Expiry 30 Sep 23 $0.02 1,000,000
5.1% Terry Cuthbertson – Director
71.5M 5.2% HSBC Nominees $- -
Op,ons
Exercise $0.09 | expiry 17 Jun 24
ASX:PNM 4
PNM Opera,ng Successfully in the Solomon Islands
Na,onal Local Team
Landowner Alignment Government Support Solomon Islands based
20% project carried interest Mining projects provide much needed management, workforce and
foreign investment especially post COVID contractors
Board and Management ESG
Experience in the development of remote Licenses and CommiQed to best prac4ce for
Approvals
mining opera4ons in South East Asia. Rob our social and environmental
Thomson (technical director) has been Mining license granted responsibili4es
involved in nine development projects.
ASX:PNM 5
Direct Shipping Ore (DSO) – Typical Geology & Market Sources
• Straight forward mining operation with no
Solomon Islands laterite ore is similar to Indonesia and Philippines processing requirements
• Mining to depth of around 10m
• Grades in excess of 1.5% Ni are attractive for
feedstock for Chinese rotary kiln/electric
furnace (RKEF) to produce a nickel pig iron
suitable for stainless steel producers.
• Limited DSO from Indonesia
• Philippines is now the major source of nickel
DSO, but grade below 1.5% Ni
• Around 90% of DSO into China comes from
Philippines
• Solomon Islands DSO nickel is a new source
to feed Chinese RKEF plants.
ASX:PNM 6
Kolosori DSO Nickel Project
Mineral Resource Es,mate of 6.02Mt at 1.52% Ni (1.2% Ni cut-off) 1
• Around 200 holes drilled in 2021 to increase the
confidence category in the resource.
• Measured and Indicated Resources increased by 27%.
• 49% of resource is measured and indicated.
• High conversion of inferred into measured and
indicated resource.
• Extension of resource – explora4on target of 1.94 to
3.19 mt at 1.2% to 1.6% Ni 2
1. ASX Announcement 29 September– Updated Kolosori JORC Resource.
2. This Target range reflects a poten4al quan4ty and grade for Kolosori and is conceptual in nature only as there has been insufficient explora4on
to es4mate a Mineral Resource. It is uncertain if further explora4on will result in the es4ma4on of a Mineral Resource. ASX:PNM 7
Development Loca,on and Logis,cs Overview
Straightorward low-cost barging and
transshipping opera4on
Nickel DSO moved from mining area to drying
stockpiles
Vailala River
Ore transported from the port drying stockpiles
via short road haul to wharf and loaded onto
barges
Ore transported ~1km to deep water offshore
anchorage loca4on where geared bulk cargo
vessels will transfer ore / transship
ASX:PNM 8
PNM Opera,ng Successfully on the Ground
• Able to operate during COVID
when borders closed
• Early works program completed
• Able to use local workforce and
contractors
o Explora4on
o Environmental assessment
o Geotechnical
o Test pits
o Stockpiles
• Experienced PNM personnel in
country
ASX:PNM 9
DSO Nickel Marke,ng Study
PNM’s DSO is higher grade than average Ni Laterite Ore Cash Cost Curve 2021
Philippines product – highly sought aber as (CFR China, US$/wmt, ViU-Adjusted to 1.3% Ni Base)
evidenced by Glencore
• Kolosori compares favourably against the
Philippines “standard” DSO, offering:
o Rela4vely high grades (1.5% Ni or higher)
o Very low phosphorous and sulphur levels
• Kolosori product forecast to be in second cost
quar4le of global DSO suppliers.
• Kolosori expected to deliver 1.6% Ni in the
first two years.
Source: CM Group
ASX:PNM 10
Jejevo DSO Nickel Project
• Ini4al drilling program of 26 holes completed early 2021 for
ini4al resource es4mate
• Mineral resource of 7.82Mt at 1.46% Ni (1.2% Ni cut-off) 2
• Conceptual resource extension target at Jejevo of a further 3.0
2,3
million to 5.0 million tonnes at 1.2% to 1.6% Ni
• PL recently extended by Mines Department for a further two
years
• Scoping study and ML documenta4on planned for early 2023
• Drilling to test for extensions to commence in 2023 to expand
resources
• Poten4al replica4on of Kolosori for development approach
and 4meline
1. ASX Announcement 23 June 2021 – Jejevo Nickel Project Drilling Update
2. ASX Announcement 7 October 2021 – Ini4al Jorc (2012) Resource Es4mate at Jejevo
3. This Target range reflects a poten4al quan4ty and grade for Jejevo and is conceptual in nature only as there has been insufficient explora4on to es4mate a ASX:PNM 11
Mineral Resource. It is uncertain if further explora4on will result in the es4ma4on of a Mineral Resource.
Note: There are ongoing court proceedings regarding the PL being granted that lacks merit according to legal advice received to date.
Growth Poten,al - Consolida4ng a Nickel Laterite Belt
Two med/high-grade DSO projects with current combined total resource of 14Mt at 1.5% Ni
JEJEVO SIGNIFICANT DRILL INTERCEPTS INCLUDE: 4
! SJT-04: 8m @ 2.18% Ni from 2m
! SJT-09: 8m @ 1.93% Ni from 2m 3
! SJT-11: 5m @ 1.93% Ni from 2m KOLOSORI SIGNIFICANT DRILL INTERCEPTS INCLUDE:
! HAK-MO8 11.5m @ 2.10% Ni from 2.5m
! SJT-15: 9.4m @ 2.11% Ni from 2m
! HAK-MO9 10.5m @ 2.07% Ni from 1.5m
! HAK-S133 4.0m @ 1.94% Ni from 1m
! HAK-S132 10.0m @ 1.75% Ni from 1m
KOLOSORI PROJECT (ML)
Mineral resource of 6.02t at 1.52% Ni
(1.2% Ni cut-off) 1
1. ASX Announcement 29 September– Updated Kolosori JORC Resource
2. ASX Announcement 7 October 2021 – Ini4al Jorc (2012) Resource Es4mate at Jejevo
3. ASX Announcement 18 Nov 2021 – Kolsori Nickel Project – Drilling Update ASX:PNM 12
4. ASX Announcement 23 June 2021 – Jejevo Nickel Project – Drilling Update
Development & Produc,on Time Frame
1H21 2H21 1H22 2H22 1H23 2H23
Kolosori drilling Resource extension drilling
Kolosori Mining Lease approval and development consent
Kolosori Early Works Program
Kolosori defini4ve feasibility study and FEED
Kolosori Project Financing
Kolosori Development
Kolosori Shipments
Jejevo development consent and Mining Lease approval
ASX:PNM 13
Investment Highlights
1 Two DSO Nickel • Kolosori (80%) Mining Lease granted, construc4on-ready project in the Solomon Islands
Laterite Projects • Jejevo project likely to be a ‘copy and paste’ of the Kolosori development
Agrac,ve project • Kolosori product forecast to be in the second cost quar4le of global DSO producers
2 economics at Kolosori • Opera4ng margin around US$20/t 1
Proven development • Local landowners aligned with 20% project level interests
3 Partners &
Local Support • Glencore providing project debt financing and oiake partner
Strong plahorm • Explora4on targets to be tested in 2023
4 for growth • Opportunity to consolidate nickel laterite belt in the area
Experienced Board &
5 • Board & Management with proven track record of developing remote resource projects in Southeast Asia
Management Team
1. ASX Announcement 2021 – Kolosori Scoping Study
ASX:PNM 14
Contact Us
Geoff Hiller
Director & CEO
T: +61 (0)403 940 518
ASX:PNM 15
Jon Dugdale, CEO, Sabre Resources Ltd
Australian Nickel Conference, 5 October 2022
A NICKEL
SULPHIDE
DISCOVERY
STORY
100,000 tonnes of Nickel and Growing
ASX:SBR
Focus: Nickel Discovery & Development in WA
Australian Nickel Conference, 5th October, 2022
NW PILBARA -
THE NEXT GREAT
NICKEL SULPHIDE
PROVINCE?
• Flagship Sherlock Bay Nickel-
Copper-Cobalt Project
• Existing sulphide resources
contain 115kt Nickel metal Eq*
1
• Currently drilling new massive
sulphide discovery targets
below Sherlock Bay nickel
1,2
sulphide Resource
th
1 Sabre Resources Ltd, 12 June 2018. Resource Es9mate Update for the Sherlock Bay Ni-Cu-Co Deposit.
th
2 Sabre Resources Ltd, 28 September 2022. Massive sulphide Conductor Target Intersected at Sherlock Bay.
SHERLOCK BAY NICKEL SULPHIDE DEPOSIT
• Sherlock Bay includes two steeply dipping nickel sulphide deposits, Discovery and
Symonds, in a 1.5km strike-length, northeast-southwest “mineralised horizon”
• Sherlock Bay Mineral Resource EsBmate:
» 24.6Mt @ 0.40% Ni, 0.09% Cu, 0.02% Co (0.47% NiEq*),
1
Containing 99,200t Ni, 21,700t Cu and 5,400t Co (115kt Ni Equ*) .
th
1 Sabre Resources Ltd, 12 June 2018. Resource Es9mate Update for the Sherlock Bay Ni-Cu-Co Deposit.
SHERLOCK BAY SCOPING STUDY OUTCOMES
• Two open pit and
underground mines
• Producing 70kt of nickel in
mixed-hydroxide (MHP)
over 10 years
• Strongly posiBve
operaBng cashflow:
(@US$10/lb/US$22,040/t)
of approx. A$515M*
3
• AWer iniBal Capex
(A$280M) cashflow:
approx. A$105M
(undiscounted, pre-tax)*
3
• Economic, but requires higher nickel price or discovery of higher-grade nickel sulphides to make it really fly..
th
3 Sabre Resources Ltd, 27 January 2022. Sherlock Bay Ni Scoping Study Delivers Posi9ve Cashflow.
MASSIVE SULPHIDE POTENTIAL IDENTIFIED
• Recognition Sherlock Bay is an
intrusive related Ni deposit,
potentially like IGO’s Nova-Bollinger
4
• Nickel grades increase with depth
towards projected Sherlock Intrusive
- detected by gravity survey
5
• Massive sulphide target(s) at
intersection of mineralised horizon
and the mafic intrusive contact
• Four diamond drillholes planned,
supported by WA Govt. EIS co-
funding – endorsement of model
6
• Drilling now testing key target areas,
supported by electromagnetics
(DHEM), targeting massive sulphides
Sherlock Bay Longitudinal Projection at the Sherlock Intrusive contact
4 PorterGeo Database – Nova-Bollinger Ore Deposit Descrip9on.
5 Sabre Resources Ltd, 21 July 2022. Sabre Launches Key Nickel Sulphide Drilling Programs.
st
6 Sabre Resources Ltd announcement, 05 May 2022. WA Govt Co-Funding for Ni Sulphide Drilling.
th
MASSIVE SULPHIDE TARGET:
CONDUCTOR IDENTIFIED
• First hole (SBDD001): 50m sulphide zone, including
7
semi-massive sulphides, in the mineralised horizon
• Strong off-hole DHEM conductor (C3) detected below
8
and east of hole, at projected intrusive contact
• Second hole (SBDD002), drilled south to north,
intersected the sulphide-bearing gabbro sill then a 15m
zone containing sulphide lenses and breccia sulphides
in the base of the intrusive
2
• DHEM confirmed the C3 conductor was clipped by
SBDD002 and is centred east and mostly above the hole
• A third hole (SBDD003) is now testing the C3 Conductor,
40m to the east of holes SBDD001 and SBDD002,
targeting a massive sulphide discovery at Sherlock Bay
th
7 Sabre Resources Ltd, 30 August 2022. Semi-Massive Sulphides in 50m Intersec9on at Sherlock Bay.
th
8 Sabre Resources Ltd, 12 September 2022. Sherlock Bay – Strong Conductors Indicate Massive Sulphides. Sherlock Bay Cross-section 19600mE to 19650mE
2 Sabre Resources Ltd, 28 September 2022. Massive sulphide Conductor Target Intersected at Sherlock
th
Bay.
SHERLOCK BAY NICKEL - POTENTIAL TO GROW
• Detailed gravity indicates the
Sherlock Intrusive at depth along
entire >5km strike length of ML
5
• Previous surface EM detected
anomalies but did not penetrate
to depth of the intrusive contact
• New, deep penetrating EM is
planned to detected massive
sulphides along intrusive contact
• Further drilling, discovery then
resource upgrades would
enhance project economics
• Upgrade Scoping to Feasibility
Study for a major new nickel- Sherlock Bay Gravity Image
sulphide development project
st
5 Sabre Resources Ltd, 21 July 2022. Sabre Launches Key Nickel Sulphide Drilling Programs.
NEPEAN SOUTH Nepean
Ni mine
NICKEL PROJECT
• South of the Nepean massive
nickel sulphide mine that
produced 1.1Mt at 3.0% Ni
9
Nepean
• RC drilling below previous RAB South Ni
Project
9
results of up to 6m @ 1.84% Ni
• High-grade RC results above
central and southern ultramafics,
9
defined by drone magnetics
• Sulphides in bedrock with 0.2% Ni
in high MgO (28%) Kambalda-
style komatiites
9
• Electromagnetics then drilling to
locate massive sulphides at base
of identified high MgO komatiites
9 Sabre Resources Ltd, 21 September 2022. High Nickel Graes and sulphide in Drilling at Nepean South. Nepean South drone-magnetics image
st
NGALIA URANIUM PROJECTS – NT
• Highly prospective uranium-vanadium
exploration licences in the Ngalia
Basin of the Northern Territory
• Both projects along strike from
existing uranium-vanadium resources
• Dingo Project: targeting sandstone-
hosted uranium-vanadium on northern
margin of Ngalia Basin, along strike
from the Bigrlyi resource project
• Exploration Planned:
– Induced Polarisation (IP) to identify
carbonaceous/pyrite horizons with uranium-
vanadium roll-front deposits.
– RAB and/or aircore to locate geochemical
uranium-vanadium anomalies and define
targets for reverse circulation (RC) drilling.
st
10 Sabre Resources Ltd, 1 September 2022. Sabre to Commence Uranium Explora9on on NT Projects.
SABRE RESOURCES – WHY INVEST
• Major nickel sulphide project at Sherlock Bay with existing 115kt Ni Eq* resource
and immediate upside for high-grade massive sulphide discovery(‘s)
• A clear focus on advancing nickel sulphide and other energy metals projects (e.g.
uranium-vanadium) in great places to explore and develop – WA and the NT
• A management team with a track record of discovery and demonstrating value
through growing resources and advancing development studies
• Well financed with ~$8M at 30 June and great value with low EV of only $9M
th
Right place, right time, right commodities, right strategy…..and on the verge of discovery
DISCLAIMER & CP STATEMENTS
This document contains forward-looking statements concerning Sabre Resources Ltd. Forward-looking statements are not statements of historical
fact and actual events and results may differ materially from those described in the forward-looking statements as a result of a variety of risks,
uncertainties and other factors. Forward-looking statements are inherently subject to business, economic, competitive, political and social
uncertainties and contingencies. Many factors could cause the Company’s actual results to differ materially from those expressed or implied in any
forward-looking information provided by the Company, or on behalf of, the Company. Such factors include, among other things, risks relating to
additional funding requirements, metal prices, exploration, development and operating risks, competition, production risks, regulatory restrictions,
including environmental regulation and liability and potential title disputes.
Forward looking statements in this document are based on the company’s beliefs, opinions and estimates of Sabre Resources Ltd as of the dates
the forward-looking statements are made, and no obligation is assumed to update forward looking statements if these beliefs, opinions and
estimates should change or to reflect other future developments.
The information in this report that relates to exploration results, metallurgy and mining reports and Mineral Resource Estimates has been reviewed,
compiled and fairly represented by Mr Jonathon Dugdale. Mr Dugdale is the Chief Executive Officer of Sabre Resources Ltd and a Fellow of the
Australian Institute of Mining and Metallurgy (‘FAusIMM’). Mr Dugdale has sufficient experience, including over 34 years’ experience in exploration,
resource evaluation, mine geology, development studies and finance, relevant to the style of mineralisation and type of deposits under consideration
to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (‘JORC’) Australasian Code for Reporting of
Exploration Results, Minerals Resources and Ore Reserves. Mr Dugdale consents to the inclusion in this report of the matters based on this
information in the form and context in which it appears.
Regarding the Mineral Resource Estimate for the Sherlock Bay Nickel Deposit, released 12 June 2018, the Company confirms that it is not aware of
any new information or data that materially affects the information included in the original market announcements. The Company confirms that the
form and context in which the Competent Person’s findings are presented have not been materially modified from the original market
announcement.
Thank you
sabresources.com
SHERLOCK BAY RESOURCE AND NICKEL
EQUIVALENT CALCULATIONS
1
Metal Average grade (%) Metal Prices Recovery x payability (%) Factor Factored Grade (%)
Per lb Per T
Ni 0.40 $10.00 $22,040 0.79 1.00 0.40
Cu 0.09 $3.50 $7,714 0.60 0.27 0.02
Co 0.02 $23.59 $52,000 0.60 1.79 0.04
CuEq 0.47
Tonnes Metal
100,000 1.00 100,000
21,700 0.27 5,768
5,400 1.79 9,676
T Eq. 115,445
1 Sabre Resources Ltd, 12 June 2018. Resource Es9mate Update for the Sherlock Bay Ni-Cu-Co Deposit.
th
In Situ Recovery: Reduce
nickel and cobalt produc6on
costs and achieve near zero
emissions.
By: Dr. Maxim Seredkin
Technical Director & ISR Coordinator
Paydirt Nickel Conference 2022
5-6 October 2022