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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
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