Page 371 - ANC22-Presentations-Weds

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