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Peer share price performance relative to nickel





           400


           350


           300
         Share Price Performance Re-Based to 100
                                                                                                                               +186%
           250
                                                                                                                               +133%

           200


           150                                                                                                                 +43%



           100                                                                                                                  Flat
                                                                                                                               -18%    Nickel
            50
                                                                                                                               -60%

              -
             Oct-19   Nov-19   Dec-19    Jan-20   Feb-20  Mar-20   Apr-20   May-20   Jun-20    Jul-20  Aug-20   Sep-20    Oct-20


              Panoramic Resources    Blackstone Minerals  Centaurus Metals    Mincor Resources   Poseidon Nickel    Nickel Price (US$/t)
                                                                                                                                            14
   664   665   666   667   668   669   670   671   672   673   674