EXPLORE. CRYSTALLISE - INVESTOR PRESENTATION @PowerMetRes
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EXPLORE. CRYSTALLISE.
INVESTOR PRESENTATION
LON:POW @PowerMetRes www.powermetalresources.com February 2022
CONTENTS
3. Disclaimer 19. Gawler Project 35. TANZANIA
4. About Us 20. BOTSWANA 36. The Haneti Project
5. Board of Directors 21. The Molopo Farms Complex 37. Haneti Exploration
6. Share Structure 22. The Molopo Farms Complex Footprint 38. USA
7. BUSINESS MODEL 23. Kanye Resources Plc SJV 39. Pilot Mountain
8. Business Model Explained 24. Ditau Camp Project, Botswana 40. The Golconda Summit Project
9. Key Projects Summary 25. South Ghanzi Kalahari Copper Belt 41. The Golconda Summit Project
10. External Investments 26. Tati Greenstone Belt 42. Garfield Project
11. Exploration Projects 27. CANADA 43. Stonewall Project
12. AUSTRALIA 28. The Silver Peak Project 44. The Alamo Gold Project
13. Victoria Goldfields 29. Authier North Project 45. Why Invest?
14. Victoria Goldfields JV 30. Authier North Project 46. Contact Us
15. BMV Gold Project 31. Athabasca Basin Project
16. FDR Paterson 32. THE DRC
17. FDR Paterson 33. The Kisinka Copper-Cobalt Project
18. Northern Territory 34. The Kisinka Project Exploration Programme
LON:POW @PowerMetRes www.powermetalresources.com February 2022
2
DISCLAIMER
These presentation materials (the “Presentation Materials”) are being distributed in the UK only to persons having professional experience in matters relating to investments and who are investment
professionals as specified in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Financial Promotion Order”), or high net worth companies, unincorporated
associations etc. as specified in Article 49(2) of the Financial Promotion Order, and in each case who are qualified investors within the meaning of section 86(1)(a) of the Financial Services and Markets Act
2000, or to other persons who may lawfully receive the Presentation Materials. Any investment to which this document relates is available to (and any investment activity to which it relates will be
engaged with) only those persons described above. Persons who do not fall within this category of investor should not take any action upon this document, but should return it immediately to Power
Metal Resources Ltd, 3-7 Temple Avenue, 201 Temple Chambers, London EC4Y 0DT. It is a condition of your receiving this document that you fall within, and you warrant to Power Metal Resources Ltd
(“POW” or “the Company”) that you fall within, the category of person described above. The Presentation Materials do not constitute or form any part of any offer or invitation to sell or issue or purchase or
subscribe for any shares in the Company nor shall they or any part of them, or the fact of their distribution, form the basis of, or be relied on in connection with, any contract with the Company relating to
any securities. The Presentation Materials are not intended to be distributed or passed on, directly or indirectly, or to any other class of persons. They are being supplied to you solely for your information
and may not be reproduced, forwarded to any other person or published, in whole or in part, for any other purpose. The Presentation Materials do not purport to contain all information that a prospective
investor may require and are subject to updating, revision and amendment. In furnishing the Presentation Materials, the Company does not undertake or agree to any obligation to provide access to any
additional information or to update such Presentation Materials or to correct any inaccuracies in, or omissions from, the Presentation Materials which may become apparent. The information and
opinions contained in the Presentation Materials are provided as at the date of the presentation and are subject to change without notice. No reliance may be placed for any purpose whatsoever on the
information contained in this document or on its completeness. Any reliance on this communication could potentially expose you to a significant risk of losing all of the property invested by you or the
incurring by you of additional liability. No representation or warranty, express or implied, is given by the Company, its Directors or employees, or their professional advisers as to the accuracy, fairness,
sufficiency or completeness of the information, opinions or beliefs contained in this document. Save in the case of fraud, no liability is accepted for any loss, cost or damage suffered or incurred as a result
of the reliance on such information, opinions or beliefs. The Presentation Materials have been prepared by and are the sole responsibility of the Directors and the Company. If you are in any doubt about
the investment to which these Presentation Materials relate, you should consult a person authorised by the Financial Conduct Authority who specialises in advising on securities of the kind described in
this document. The Presentation Materials are confidential and are being supplied to you for your own information. They may not (directly or indirectly) be reproduced, further distributed to any person or
published, in whole or in part, for any purpose whatsoever. Neither this document, nor any copy of it, may be taken or transmitted into the United States, Canada, Australia, Ireland, South Africa or Japan
or into any jurisdiction where it would be unlawful to do so. Any failure to comply with this restriction may constitute a violation of relevant local securities laws. None of the Directors of the Company, nor
of its advisers (or any of their directors, officers, employees, agents, affiliates or representatives or advisers or any other person connected to its advisers) makes any representation or warranty, express or
implied, as to the accuracy or completeness of the information or opinions contained in this document. Nothing contained herein should be relied upon as a promise or representation as to the future.
None of the Company, its advisers nor their respective members, directors, officers, employees, agents, affiliates or representatives or advisers nor any other person accepts any obligation or responsibility
to advise any person of changes in the information set forth herein after the date hereof. Further, the contents of this presentation have been authorised by any of the Company’s advisers. To the fullest
extent permitted by law, none of the Company nor its advisers (nor their respective members, directors, officers, employees, agents or representatives) nor any other person accepts any liability
whatsoever for any errors, omissions or inaccuracies in such information or opinions or for any loss, cost or damage suffered or incurred howsoever arising, directly or indirectly, from any use of this
document or its contents or otherwise in connection with the subject matter of this document or any transaction. Please remember that past performance may not be indicative of future results.
Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment or investment strategy made reference to directly or
indirectly in this presentation, will be profitable.
LON:POW @PowerMetRes www.powermetalresources.com February 2022
3
ABOUT US
POWER METAL RESOURCES PLC
Power Metal Resources plc (LON:POW) is an AIM listed metals exploration company which
finances and manages global resource projects and is seeking large scale metal discoveries.
The Company has a principal focus on opportunities offering district scale potential across a
global portfolio including precious and base metal exploration in North America, Africa and
Australia.
Project interests range from early-stage greenfield exploration to later-stage prospects
currently subject to drill programmes.
Power Metal will develop projects internally or through strategic joint ventures until a
project becomes ready for disposal through outright sale or separate listing on a
recognised stock exchange thereby crystallising the value generated from our internal
exploration and development work.
Value generated through disposals will be deployed internally to drive the Company's
growth or may be returned to shareholders through share buy backs, dividends or in-specie
distributions of assets.
LON:POW @PowerMetRes www.powermetalresources.com February 2022
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BOARD OF DIRECTORS
Interim Non-executive Chairman Chief Executive Officer Non-executive Director
Scott Richardson-Brown Paul Johnson Edmund Shaw
Scott is a Fellow of the Institute of Chartered Accountants in Paul Johnson holds a degree in Management Science from Ed started his career 25 years ago at Citibank having studied
England and Wales. He began his career at Coopers & Lybrand UMIST and is a Chartered Accountant, Chartered Loss Adjuster Chemistry at the University of Bristol. He went on to work at
(later PricewaterhouseCoopers) in the banking and capital and Associate of the Chartered Insurance Institute. Paul is a UBS Warburg and Van Der Moolen before setting up Newpeak
markets division, he later became a partner in the corporate director of Value Generation Limited a family investment and Capital LLP in 2007, where he is currently still a partner. He has
broking/finance division of Oriel Securities Limited covering a advisory company focused on the natural resource and related previous experience in Stock Options market making, risk
range of sectors. fintech sectors. arbitrage and special situations trading.
Since leaving Oriel Securities Limited, Scott has held a number Paul Johnson is an experienced public company director whose For the last five years Ed has been working alongside the
of directorships of AIM-quoted companies operating within the roles have included CEO of Metal Tiger plc (LON:MTR), Corporate Broking departments at SI Capital and First Equity
natural resources sector. Chairman of ECR Minerals (LON:ECR) and Non-Executive raising capital for smaller companies, with a particular focus on
Director of Greatland Gold plc (LON:GGP). the junior resources space.
! Independent NED ! 5.27% ! 1.12%
76,000,000 shares 14,000,000 shares
LON:POW @PowerMetRes www.powermetalresources.com February 2022
5
SHARE CAPITAL
DIRECTOR SHAREHOLDINGS
SHARES HELD
Power Metals Resources Plc:
Paul Johnson (CEO) 76,000,000 5.27% LON: POW
Shares in Issue:
Ed Shaw 14,000,000 1.12% 1,441,839,987 (As of 31.12.21)
The Percentage of Shares Not in Public Hands:
+3% SHAREHOLDINGS 10.21%
NAME SHAREHOLDING
JARVIS INVESTMENT MANAGEMENT LTD * 20,69%
HARGREAVES LANDSDOWN * 14,75%
INTERACTIVE INVESTOR SERVICES LTD * 11,90%
AJ BELL SECURITIES LTD * 4,35%
HALIFAX SHARE DEALING * 4,36%
THOR MINING PLC # 3,62%
BARCLAYS STOCKBROKERS LTD * 3,82%
MOHAMED ZAFAR QURAISHI # 3,18%
* As of 18/12/21, and indicating nominee account holdings representing for each nominee a pool of underlying shareholders in each nominee
provider, amended to date by any notifications to the Company. #Based on latest TR-1 notification to the company.
LON:POW @PowerMetRes www.powermetalresources.com February 2022
6
BUSINESS MODEL
THE POWER DIFFERENCE
LON:POW @PowerMetRes www.powermetalresources.com February 2022
7
A BUSINESS MODEL OF RESOURCE PROSPECT GENERATION, INTERNAL DEVELOPMENT AND EXTERNAL VALUE CRYSTALLISATION
Acquire opportunities
Initial Internal Exploration
Continue internal Joint venture Disposal/Vend out to Major Partner Earn-In
exploration with partner IPO vehicle
EXPLORE CRYSTALLISE
LON:POW @PowerMetRes www.powermetalresources.com February 2022
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KEY PROJECTS SUMMARY
CRYSTALLISE
PROJECT INFORMATION EXPLORE
OPTIONS
NAME COUNTRY POW % TYPE OF DESKTOP GROUND DRILL TARGET DRILLING CONTINUE IPO TARGETED/ SUITABLE FOR
METAL ANALYSIS EXPLORATION SELECTION UNDERTAKEN/ INTERNAL DISPOSAL MAJOR
EXPLORATION COMMENCED UNDERWAY EXPLORATION PARTNER
EARN-IN
MOLOPO FARMS COMPLEX BOTSWANA 50.8% Ni - Cu - PGMs ! ! ! ! ! !
Ni - Cu - PGMs
HANETI TANZANIA 35%
- Au - Li ! ! ! ! ! !
SILVER PEAK CANADA 30% Ag ! ! ! ! !
TATI BOTSWANA 100% Au - Ni ! ! ! ! !
KISINKA THE DRC 70% Cu - Co ! ! ! !
KALAHARI COPPER BELT BOTSWANA 50% Cu - Ag ! ! ! !
DITAU CAMP BOTSWANA 50% REEs ! ! ! !
Cu - Au - U -
FDR AUSTRALIA 100%
REEs ! ! ! !
GAWLER PROJECT AUSTRALIA 100% Cu-Au !
NBGC VICTORIA GOLDFIELDS AUSTRALIA 49.9% Au ! ! ! ! !
ALAMO GOLD USA Earn-in to 75% Au ! ! !
AUTHIER NORTH CANADA Earn-in to 100% Li ! ! !
Au - Ag - Cu-
GMR NEVADA USA Earn-in/83.13%
W-Zn ! ! !
ATHABASCA BASIN CANADA 100% U ! ! !
LON:POW @PowerMetRes www.powermetalresources.com February 2022
9
EXTERNAL INVESTMENTS *Power Metal Resources investments held as at: 15 December 2021
LISTED INVESTMENTS PRE IPO INVESTMENTS
FCM Is a minerals exploration company focused gold/base metal
Kavango Resources Plc (LON.KAV) is a mineral exploration company projects in the Schreiber-Hemlo region of Ontario, Canada.
focused on Botswana.
Power Metal Resources has a 38% interest in First Class Metals.
Power Metal Resources owns shares and warrants in Kavango
Resources.
GMR is an exploration and development company focused on
projects in Nevada, USA.
Katoro Gold Plc (LON: KAT) is a mineral exploration and development Power Metal Resources has a 83.13% interest in GMR.
company focused on projects in Tanzania and South Africa.
Power Metal Resources owns shares and warrants in Katoro Gold.
FDR is an exploration and development company focused on projects
in the Paterson Region of Western Australia.
Power Metal Resources has a 100% interest in FDR. (Subject to
completion of acquisition admin.)
The Power Metal JRF is a fund targeting investment in undervalued
listed junior resource companies.
NBGC is an exploration and development company focused on the
The JRF holds shares and warrants in a number of junior resource
prolific Victoria goldfields of Australia.
companies listed in the UK and Canadian capital markets.
Power Metal Resources has a 49.9% interest in NBGC.
LON:POW @PowerMetRes www.powermetalresources.com February 2022
10EXPLORATION PROJECTS
THE POWER DIFFERENCE
LON:POW @PowerMetRes www.powermetalresources.com February 2022
11AUSTRALIA
COPPER•GOLD•URANIUM• REES
LON:POW @PowerMetRes www.powermetalresources.com February 2022
12VICTORIA GOLDFIELDS
AUSTRALIA
• Power Metal Resources has a 49.9% (Red Rock Resources 50.1% LON:RRR)
interest in New Ballarat Gold Corporation(NBGC) which wholly owns Red
Rock Australasia Pty Ltd (RRAL).
• RRAL has a portfolio of five exciting gold projects (encompassing 11
granted exploration licences, 6 licences are pending) in the heart of the
prolific Victoria Goldfields including Talbot, Ajax, Pitfield, Dereel and
Kilmore located near to various high-grade gold mines.
• Victoria’s world-class high-grade Goldfields have produced 80+Moz Au
historically. (1)
• The Ballarat mine currently produces 40,000oz Au a year at an average
grade of 5.6g/t Au from underground mining and has historically
produced over 13 million ounces of gold. (2)
1. Independent NI 43-101 technical report on the BMV Gold Project
2. https://ballaratgoldmine.com.au/our-mine/
LON:POW @PowerMetRes www.powermetalresources.com February 2022
13VICTORIA GOLDFIELDS JV
AUSTRALIA
The Victoria Goldfields JV covers c. 2,306 km2, one of the largest land
packages in the prolific gold region.
To date, 11 exploration licences have been granted (1,519 km2) and
6 exploration licences are in the application stage (787 km2).
A full list of licences is available on the website:
www.powermetalresources.com
The intention is to list NBGC on the London capital markets and
preparatory work is underway in this regard.
LON:POW @PowerMetRes www.powermetalresources.com February 2022
14BMV GOLD PROJECT
LONDON-BASED IPO PROCESS COMMENCED
The BMV Gold Project covers 8 of the 16 exploration licence application areas (of which 4
applications have been successfully granted) At application, the BMV Gold Project covered a
total area of approximately 1,734 km2.
The NI 43-101 report is available to download here.
LON:POW @PowerMetRes www.powermetalresources.com February 2022
15FDR PATERSON
AUSTRALIA
FDR Australia holds a portfolio of copper-gold focused exploration interests
in the Paterson Province in the eastern Pilbara Region of Western Australia.
The Paterson Province is considered highly prospective for gold-copper
and base metal mineral systems and is currently of particular focus for
resource companies with a significant level of exploration activity
underway across the region.
The area also has developed mine and processing infrastructure due to the
presence of established mining operations.
The strategic footprint covers c. 751 km2 in a world class region which has
recent high-profile copper and gold discoveries. (See map to right showing
the FDR licence footprints highlighted in black).
The intention is to list FDR UK on the London capital markets and
preparatory work is underway in this regard.
LON:POW @PowerMetRes www.powermetalresources.com February 2022
16FDR PATERSON
AUSTRALIA
Open-file airborne magnetic dataset (TMIRTP 5km High-Pass) identified three highly-prospective magnetic
bullseye targets within the Wallal Embayment. (See map far right)
1. The Western Anomaly is over 5km in diameter, 2. the Eastern Anomaly is 2.5km in diameter and is located at
the transect of two northwest-southeast trending magnetic linear anomalies (comprising possible major
structures), and 3. The Border Anomaly is 1km in diameter and spans the border with Rio Tinto Exploration.
The Havieron Deposit is coincident with a magnetic bullseye anomaly (see bottom right) which was detected
by an airborne magnetic survey flown over the region. Comparing this anomaly to the eastern magnetic
anomaly it is determined that they have a similar amplitude: approximately 80nT for Havieron and 100nT for
Wallal Eastern. The Wallal Eastern Anomaly is slightly larger than the anomaly over the Havieron deposit.
Wallal Eastern Magnetic Bullseye Anomaly TMIRTP Havieron Magnetic Bullseye Anomaly TMIRTP
High Pass 5 Km 20nT Contour Intervals High Pass 5 Km 20nT Contour Intervals
LON:POW @PowerMetRes www.powermetalresources.com February 2022
17FDR NORTHERN TERRITORY
AUSTRALIA
Power Metal Resources has acquired a 100% strategic interest in the Selta Uranium and
Rare-Earth Element Project, Located in the Northern Territory, Australia, through Subsidiary
First Development Resources Limited. The Project comprises three exploration licence
applications covering a total land area of 1,574.92 km2.
The Northern Territory has a significant legacy of uranium mining and exploration and
hosts some of Australia's best known and high-grade U and REE deposits, including Arafura
Resources' (ASX: ARU) world-class Nolans Bore REE deposit - which is located less than
70km away from the Selta Project.
Previous surface sampling across the Selta Project has identified elevated uranium in soil
samples, stream sediment samples and rock chip samples. In addition, assayed whole rock
grab samples have yielded highly anomalous rare-earth element mineralisation including
neodymium ("Nd") and praseodymium ("Pr"), the presence of which highlight the exciting
exploration potential of the Selta Project
The Selta Project is also considered to be highly-prospective for base and precious-metal
mineralisation. Prodigy Gold's (ASX: PRX) Reynolds Range gold-copper project shares a
65km long contiguous border with Selta and has recently delivered highly-encouraging
drilling results.
LON:POW @PowerMetRes www.powermetalresources.com February 2022
18GAWLER PROJECT
SOUTH AUSTRALIA
Power Metal has established a new wholly-owned Australian
subsidiary, Power Metal Resources Australia Pty Limited ("Power Australia").
Power Australia will be the host vehicle for new Australian exploration
interests of Power Metal, which are being acquired to replace current
interests in Australia which are the subject of planned spin-out/disposals
Power Australia has submitted two licence applications (ELA 2021-00162 &
EL 2021-00163) in the Gawler Craton of South Australia. The applications
have been received and validated by the Department of Energy and
Mining.
The licence applications cover an area of 1,994Km2 and are situated due
south and west of Copper Search Limited's Ruby Hill project (https://
coppersearch.com.au/projects/). Copper Search Limited recently listed on
the Australian Securities Exchange (ASX:CUS) and currently has a market
capitalisation of circa A$29m (https://coppersearch.com.au/asx/).
The applications are targeting Olympic Dam style mineralisation and
Power Australia are currently undertaking a review exercise to further
refine geological understanding and prepare detailed exploration plans in
readiness for ground operations when licences are granted.
LON:POW @PowerMetRes www.powermetalresources.com February 2022
19BOTSWANA
NICKEL • COPPER • PGMS • SILVER • REE S
LON:POW @PowerMetRes www.powermetalresources.com February 2022
20THE MOLOPO FARMS COMPLEX
BOTSWANA
In 2019 Power Metal Resources acquired an equity stake in Kalahari Key
Mineral Exploration Pty Limited (KKME), a Botswana registered exploration
company with a 100% interest in the Molopo Farms Complex Project (MFC).
On 22 April 2021, Power Metal Resources earnt-in to a 40% direct project
interest in the MFC Project, having funded US$500,000 on ground
exploration at the Project focused on exploration drilling.
Upon completion of the Earn-in expenditure requirement, Power Metal
Resources currently holds a total effective economic interest of 50.8% in the
MFC Project through its 18% shareholding in Kalahari Key and 40% direct
interest in the MFC Project.
Following settlement of an outstanding rights issue by Kalahari Key, Power
Metal's holding in Kalahari Key to increase to 21.7% and its total effective
economic interest in the MFC project to increase to 53.02%.
*Kavanago Resources PLC (LON:KAV) has secured an option to acquire
51.5% of KKME which will own 100% of the Molopo Farms Complex Project.
(Announced 26 November 2021).
LON:POW @PowerMetRes www.powermetalresources.com February 2022
21THE MOLOPO FARMS COMPLEX
FOOTPRINT
The primary target for KKME is Ni-Cu-PGM mineralisation in the
geophysical delineated major ENE-WSW Jwaneng-Makopong Shear/
Feeder Zone through the centre of the MFC which covers 1,723 km2.
Drilling of the high priority targets commenced in October 2020 with the
first 3 holes now completed.
Inspection of core, downhole geophysics, sampling and assay testing
continues.
Large intersections of ultramafic rocks have been encountered in the first
three drill holes and visible sulphides identified in the second hole (K1-6).
Inspection of drill core has confirmed the geological setting of a feeder
zone.
Mineralogical testing of core from K1-6 by the university of Witswatersand
has confirmed the presences of nickel sulphides (announced 30th March
2021). Assay testing of core from K1-6 has confirmed significant nickel
intersections.
LON:POW @PowerMetRes www.powermetalresources.com February 2022
22KANYE RESOURCES
STRATEGIC JOINT VENTURE (SJV)
Power Metal Resources entered a strategic joint venture (“SJV”) with Kavango Resources PLC
(LON:KAV) in September 2020. The JV partners are giving further consideration to a planned
listing of Kanye Resources in the London capital markets.
The SJV has formed Kanye Resources Plc in the UK and Kanye Resources Pty Ltd in
Botswana to act as the SJV corporate structure. Power Metal Resources and Kavango
Resources each hold a 50% interest in the SJV.
Subject to local authority approvals for licence transfers Kanye Resources Pty Limited in
Botswana will initially include the following project interests:
• Ditau Project – Rare Earth Elements (REEs)
• 10 Prospecting Licences within the Kalahari Copper Belt - Copper & Silver (including the
Ghanzi South Project)
LON:POW @PowerMetRes www.powermetalresources.com February 2022
23DITAU CAMP PROJECT
BOTSWANA
The highly prospective Ditau Project is targeting the discovery of commercial deposits of Rare Earth
Elements (REEs).
Ditau comprises of two prospecting licences, which cover an area of 1,386 km².
An exploration camp has been established and the field team has continued taking soil samples and
conducting ground magnetic surveys. A new senior geologist has been recruited to oversee
operations.
Data is currently being analysed on the I10 target. Results from this are expected to guide future
exploration of the remaining 9 potential carbonatite targets.
The ring structures are potentially related to carbonatite magmatism which is the primary source of
niobium and REEs and orientation survey and related work is underway.
LON:POW @PowerMetRes www.powermetalresources.com February 2022
24SOUTH GHANZI KALAHARI
COPPER BELT
BOTSWANA
The Kalahari Copper Belt (KCB) stretches 1,000 km from northern Botswana to
central Namibia and is prospective for copper-silver deposits. The KCB is relatively
under-explored and is a key emerging trend globally, located in stable and pro-
mining jurisdictions.
In recent years the KCB has attracted substantial exploration interest. This has
resulted in significant copper-silver discoveries including Cupric Canyon's Zone 5
deposit and MOD Resources' and Metal Tiger's commercial discovery at T3 in 2016.
The SJV’s South Ghanzi project includes granted licences covering a total area of
4,257 km².
High-resolution airborne electromagnetic (AEM) and ongoing grid-based soil
sampling surveys have identified seven highly prospective targets for sedimentary
hosted Cu-Ag mineralisation including the Morula and Acacia targets.
Morula is defined by an overlapping high conductivity and intense Cu- and Zn-in-
soil anomaly which is currently defined for over 18km along strike (with widths
varying between 0.8km and 2.2km). It remains open along strike towards the
northeast and southwest.
LON:POW @PowerMetRes www.powermetalresources.com February 2022
25TATI GREENSTONE BELT
BOTSWANA
Power Metal Resources has exercised its option to acquire a 100% interest
in two prospecting licences targeting a discovery of gold and nickel
discoveries which cover a total of 75km2 located in the Tati Greenstone
Belt, Botswana. The interests are held within Power’s wholly-owned
Botswana-based subsidiary Tati Greenstone Resources Pty Ltd.
The Tati Greenstone Belt (TGB) is located in the vicinity of Francistown,
adjacent to the Zimbabwe border, in north-eastern Botswana. With a total
strike length of 65km and up to 20km in width the TGB hosts a large
number of orogenic style gold deposits and several economically
significant intrusive magmatic Nickel-Copper-Platinum Group Elements
("Ni-Cu-PGE") rich sulphide deposits.
Whilst there is a long history of small scale gold mining on the TGB, the
Company believe it to be under explored by modern standards and
systematic exploration focusing on areas with sand cover and geophysics
targeting greater depths, could yield further gold and nickel discoveries.
LON:POW @PowerMetRes www.powermetalresources.com February 2022
26CANADA
SILVER • GOLD • LITHIUM • URANIUM • BASE METALS
LON:POW @PowerMetRes www.powermetalresources.com February 2022
27THE SILVER PEAK PROJECT
BRITISH COLUMBIA
Power Metal Resources has a 30% interest in the Silver Peak
Project located in southern British Columbia, Canada.
The Project consists of a portfolio of mineral claims over a
system of high grade, intrusion related, polymetallic silver-
lead-zinc-copper veins, part of the historical Eureka-Victoria
Silver Mine.
Underground sampling in 2011 along the strike of the
Victoria Vein is reported as returning a grade of 8,889 g/t
Silver with a grab sample from the Victoria Vein face
assayed at 15,517 g/t Ag, 4.3% Pb and 2.94% Cu.
The Company's 2021 Phase I diamond drilling programme is
now complete which included a total of 19 individual drill
holes. The goal of the programme was to test for the
extensions of the Victoria vein along strike and down dip.
Highlight results from the 2021 drilling programme include
0.76m of 10,131g/t AgEq (incl. 0.35m of 12,373g/t Ag, 3.44% Cu,
9.45% Pb and 8.63% Sb).
LON:POW @PowerMetRes www.powermetalresources.com February 2022
28AUTHIER NORTH PROJECT
QUÉBEC
Power Metal Resources has a right to earn in up to 100% interest in the
Authier North Project.
The Authier North Property consists of fifteen (15) mineral claims covering
an area of approximately 560 hectares and is prospective for lithium-
pegmatites and base metal mineralisation.
The Authier North Property shares an extended claim border with Sayona
Mining’s Authier lithium project which hosts a JORC (Joint Ore Reserves
Committee) compliant reserve of 12.1 Mt at 1.0% Li2O (Lithium Oxide).
Sayona Mining’s share price (ASX: SYA) has increased 8x within the last year
and currently has a AUD$435 million market capitalisation following a late
2019 Definitive Feasibility Study (“DFS”) on their flagship Authier lithium
deposit. This DFS highlighted a net present value (discount factor 8%) of
CAD$216 million and a pre-tax internal rate of return at 33.9%.
LON:POW @PowerMetRes www.powermetalresources.com February 2022
29AUTHIER NORTH PROJECT
QUÉBEC
In January 2021, Sayona announced a strategic partnership and off take
agreement with Piedmont Lithium Limited (ASX:PLL, Nasdaq:PLL) which
includes a 25% ownership stake in Sayona Quebec (a wholly owned
subsidiary of Sayona Mining), as well as 60,000 tpa off take agreement for
future production from the Authier lithium project.
Sayona’s Authier lithium project consists of a spodumene pegmatitic
intrusion which dips to the north and it is postulated into the Authier
North Property.
Very little historic exploration has been completed on the Authier North
Property, with reports of five short boreholes (four of which returned
elevated lithium and nickel assays) and only 4 rock samples which
returned strongly anomalous chromium and nickel results (up to 0.42%
Cr203 (Chromium (III) Oxide), and 0.21% nickel).
The Company’s planned exploration will include geophysical surveys
which aim to model the possible down dip extension of the lithium
bearing pegmatite onto the Authier North Property.
LON:POW @PowerMetRes www.powermetalresources.com February 2022
30ATHABASCA BASIN
SASKATCHEWAN
Power Metal Resources, through its wholly-owned Canadian subsidiary, controls a combined
41,196-hectares (c. 411.96km2) within the prolific Athabasca Basin, located in Northern
Saskatchewan, Canada. The portfolio was assembled through staking, and as a result all
properties are 100% owned by Power Metal with no underlying royalties or encumbrances. The
portfolio includes seven properties, all which are highly prospective for uranium mineralisation,
and include the Thibaut Lake, Clearwater, Tait Hill, Soaring Bay, Cook Lake, E-12 and Reitenbach
uranium Properties.
The Properties were staked after detailed analysis of several provincial geological databases
including airborne magnetics, government bedrock mapping, as well as publically available
assessment report files and the mineral deposits index (a database of 6143 unique localities
throughout the province with known mineral occurrences, separated by commodity).
High-grade uranium mineralisation across the portfolio includes trenching results of 1.09% U308
over 10.7m (Thibaut Lake), grab samples up to 3.54% U308 (Cook Lake), as well as soil samples up
to 13,200ppb U (Tait Hill).
LON:POW @PowerMetRes www.powermetalresources.com February 2022
31THE DEMOCRATIC REPUBLIC
OF THE CONGO (DRC)
COPPER • COBALT
LON:POW @PowerMetRes www.powermetalresources.com February 2022
32THE KISINKA COPPER- COBALT PROJECT
THE DRC
POW holds a 70% interest in the Kisinka Copper-Cobalt Project in the DRC.
Kisinka XRF Results
The geological Roan horizons of central Africa are host to the world's
largest and highest-grade sedimentary rock-hosted copper-cobalt
deposits in the Copperbelt's of Zambia and the DRC.
During 2019, the Company conducted a termite sampling programme over
the entire 62 mining square tenement (approximately 50 sq. km) using a
grid of 400m x 200m.
XRF results identified a 6.8 km by 600m copper-in-soil-anomaly oriented
SE-NW as shown adjacent.
LON:POW @PowerMetRes www.powermetalresources.com February 2022
33THE KISINKA PROJECT
EXPLORATION PROGRAMME
Power Metal Resources commissioned a follow up programme in 2020 to
include pitting and mapping focused on the target area containing the 6.8km Kisinka Ground Magnetics
copper anomaly.
Assay results showed highly anomalous copper & cobalt soils. Preliminary
mapping of lithological units was completed successfully.
In 2021 ground magnetics was completed successfully and induced polarisation
is underway over 6.8 kilometre copper-cobalt anomaly.
Following the completion of fieldwork, and interpretation of findings, likely next
step will be exploration drilling of key targets.
A 25 year Permis d’Exploitation (Production Licence) has been awarded to the
project in May 2021.
LON:POW @PowerMetRes www.powermetalresources.com February 2022
34TANZANIA
NICKEL • COPPER • PGMS • GOLD • LITHIUM
LON:POW @PowerMetRes www.powermetalresources.com February 2022
35THE HANETI PROJECT
TANZANIA
Power Metal Resources has a 35% interest in the Haneti Polymetallic
Project in joint venture with Katoro Gold Plc (LON:KAT) holding 65%.
The Haneti project comprises tenements covering a large strategic area
(prospecting licences, offers and applications) prospective for nickel, PGMs
cobalt, copper, gold, REEs and lithium.
A key target is an 80 km long ultramafic zone (“the central zone”) part of
the Haneti Itiso Ultramafic Complex.
The Haneti project has received considerable interest from mid-tier and
Tier 1 mining companies, demonstrating the strategic value of the Haneti
project.
LON:POW @PowerMetRes www.powermetalresources.com February 2022
36HANETI EXPLORATION
TANZANIA
A 1,000m drill programme is underway which consists of three deep
diamond drillholes targeting magmatic nickel (Ni) copper (Cu) platinum
group element (PGE) sulphide mineralisation at the Mwaka and Mihanza
Hill Targets.
The programme constitutes the first diamond drilling conducted out by
the JV within the Haneti Project area.
Two diamond core holes are planned at the Mwaka Target for a combined
total of approximately 505m. The holes have current planned depths of
264m and 241m and are designed to test two discrete high-priority
conductors which were identified during the 2012 electromagnetic ("EM")
geophysics survey.
A single 495m deep diamond core drill hole is planned at the Mihanza
Target. The Mihanza Target is centred around coincident magnetic high
geophysical and nickel geochemical anomalies. Detailed modelling and
inversion analysis of the airborne magnetic data completed in 2014
identified a large plug shaped magnetic anomaly which lies at roughly
300m below surface. This plug shaped body has never been drill tested,
and the drill hole planned at Mihanza is specifically designed to intersect
the anomaly at depth.
LON:POW @PowerMetRes www.powermetalresources.com February 2022
37USA
GOLD • SILVER • COPPER • TUNGSTEN • ZINC
LON:POW @PowerMetRes www.powermetalresources.com February 2022
38PILOT MOUNTAIN
USA
• Skarn-type tungsten-copper-silver-zinc Project located 200km southeast of Reno.
• The Project hosts a JORC (2012) compliant Mineral Resource of 12.53Mt at 0.27% W0₃ with significant copper-silver-zinc credits.
RESOURCE TUNGSTEN TRI-OXIDE SILVER COPPER ZINC
Mt Grade (%) Contained Grade (g/t) Contained Grade (%) Contained Grade (%) Contained
metal (t) metal (t) metal (t) metal (t)
Desert Indicated 9.01 0.26 23,400 20.73 187 0.15 13,200 0.41 37,100
Scheelite
Inferred 1.69 0.25 4,300 12.24 21 0.16 2,800 0.19 3,200
Sub-Total 10.7 0.26 27,700 19.38 207 0.15 16,000 0.38 40,300
Indicated 0 0 0
Garnet
Inferred 1.83 0.36 6,590 Pilot Mountain has significant upside exploration potential, including:
Sub-Total 1.83 0.36 6,590 • Relatively untested copper-silver rich zones including recent drill results of 17.5m averaging 1.8% Cu, and 26.6m of
1.0% Cu, 0.21% W03, and 1.2% Zn starting at Surface.
Summary Indicated 9.01 0.26 23,400
• Desert Scheelite deposit remains open to the east, west and at depth along its entire strike length.
Inferred 3.53 0.31 10,890
Total Pilot Mountain 12.53 0.27 34,290 • Surface outcrops and historic small-scale mine workings indicate that Good Hope mineralisation may comprise
multiple copper-rich sub-vertical lodes which have been subject to minimal drilling which include results of 26.6m
averaging 1.0% Cu, 0.21% W03 and 1.2% Zn starting at surface
2012 JORC Compliant Resource6,7
LON:POW @PowerMetRes www.powermetalresources.com February 2022
39THE GOLCONDA SUMMIT
PROJECT
USA
The Property is located approximately 15km east of to the town of
Winnemucca, at the confluence of the prolific Battle Mountain-Eureka
Trend and Getchell Trends and within Nevada’s Great Basin metallogenic
province which is one of only six global gold belts hosting gold
endowments of +200Moz. The Property is approximately:
• 35km southwest of the Nevada Gold Mines LLC Turquoise Ridge
Complex underground and open-pit mines which have Total 43-101
compliant Resources (Measured & Indicated) of 130Mt @ 4.30g/t Au (for
18Moz Au) inclusive of Total Reserves (Proven & Probable) of 83Mt @
5.02g/t Au (for 13Moz Au);
• 20km northwest of Nevada Gold’s Phoenix Operation Lone Tree open-pit
mine which reportedly produced 4.2Moz Au at an average grade of
2.06g/t Au up until its closure in 2006; and
• 25km northwest of SSR Mining Inc.’s Marigold open-pit mine with
current Total 43-101 compliant Resources (Measured & Indicated) of
5.11Moz Au (341Mt @ 0.47g/t Au).
LON:POW @PowerMetRes www.powermetalresources.com February 2022
40THE GOLCONDA SUMMIT
PROJECT
USA
Power Metal Resources holds the option to earn 100% of the project by
completing staged annual cash payments.
Previous exploration work on the Property by Nerco Mineral Company in
1989 encountered significant gold mineralisation located within upper
plate Havallah Sequence rocks including trench assay results of 7.6m @
24.0g/t Au and 15.2m @ 8.6g/t Au, as well as shallow drilling results of 10.7m
@ 3.9g/t Au.
The Property is considered prospective for the identification of additional
near-surface gold mineralisation within Havallah Sequence rocks as well as
for Carlin-type replacement style gold mineralisation within lower plate
Edna Mountain Formation and Antler Peak Limestone units located below
the Golconda thrust fault.
LON:POW @PowerMetRes www.powermetalresources.com February 2022
41GARFIELD PROJECT
USA
Power Metal Resources wholly-owned subsidiary Golden Metal Resources controls a 100% interest in the
Garfield Property located in south-central Nevada, USA.
The Property is located approximately 10km east of the town of Hawthorne in Mineral County, Nevada.
Garfield is in the prolific Walker Lane mineral belt which hosts several world class gold-silver epithermal
(Comstock Lode, Tonopah), copper-gold porphyry (Anaconda), and iron-oxide-copper-gold deposits
(Pumpkin Hollow).
• Initial sampling over a gossan located on the Property returned rock results up to 6.0% Cu, 3.5g/t Au, and
124g/t Ag. A single 26m trench was oriented over part of the gossan in 2016 and returned an interval of 22m
of 0.33% copper, including a 2m sub-interval grading 2.18% copper (16m-18m), and a separate 2m sub-
interval grading 1.2g/t Au. The trench ended in mineralisation and remains open along strike. No additional
follow up work has been completed on the Project.
• Initial exploration recently completed includes the processing of various Aster and Worldview-3
hyperspectal satellite imagery datasets over the Garfield Property, which allows for the remote mapping of
various iron and hydrothermal alteration minerals.
LON:POW @PowerMetRes www.powermetalresources.com February 2022
42STONEWALL PROJECT
USA
Power metal resources wholly-owned subsidiary Golden Metal resources controls a 100% interest in the
Stonewall Property located in the south-central Nevada, USA.
The Stonewall Project is located approximately 15km south of the historic mining town of Goldfield in
Nye County, Nevada. Stonewall is in the prolific Walker Lake mineral belt, and less than 60km southwest
of the famous silver deposits of Tonopah which produced over 138 million ounces of silver from
1900-1921.
• Stonewall is centred on an approximately 1.2km long (open along strike) milky-white quartz vein with
prevalent low-sulphidation epithermal boiling textures, which varies in thickness between 15-20m
along its outcropping extent.
• Rock sampling by previous operators returned anomalous gold-silver values (up to 1.17g/t Au and 161g/
t Ag) with elevated mercury, which is characteristic of the shallow parts of a low-sulphidation
epithermal system.
• Minimal shallow historic drilling tested a limited strike length along the vein and returned downhole
epithermal vein intersections up to 12m in width with stockwork zones up to 70m wide with elevated
gold and silver results. Drilling was completed along parts of the vein easily accessible for a road, with
the zones displaying the strongest epithermal textures remaining untested.
Typical epithermal boiling textures found on the Stonewall Project
LON:POW @PowerMetRes www.powermetalresources.com February 2022
43THE ALAMO GOLD PROJECT
USA
Power Metal Resources has acquired an option to earn-in up to a 75%
interest in the Alamo Gold Project.
The Alamo gold project is a package of mining claims covering an area of
approximately 946 acres and is situated in west-central Arizona, USA.
The Project was originally identified as prospective for gold following the
discovery of native gold nuggets near surface in numerous locations. Prior
to Power Metals’ involvement, circa 60 ounces of gold nuggets have
already been found on the project area, by prospectors using metal
detectors, with the largest nugget weighing in at 5 ounces.
In addition, the region in which the Project is situated is prospective for
precious and base metals, with regional mines that have produced silver,
lead, gold, zinc and copper.
LON:POW @PowerMetRes www.powermetalresources.com February 2022
44WHY INVEST?
POWER METAL RESOURCES
High impact diversified
exploration
Experienced management &
Strong financial model
advisory team
Explore & Crystallise
LON:POW @PowerMetRes www.powermetalresources.com February 2022
45CONTACT
Power Metal Resources Plc +44 20 7583 8304
201 Temple Chambers
info@powermetalresources.com
3-7 Temple Avenue
London www.powermetalresources.com
EC4Y 0DT
United Kingdom @PowerMetRes
LON:POW @PowerMetRes www.powermetalresources.com February 2022
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