NEW FRONTIERS Photo positional only. To be replaced with drilling photo. NEW GROWTH Our new, drill-ready zinc-copper-gold project is a transformational transaction September 2019
COMPANY PROFILE Sk Skaergaard Greenland 100% owned ADVANCING PROJECTS Gold, Platinum Group Metals AROUND TH THE WORLD Blue Moo Blu oon • We leverage our core expertise and United States Earning 70% experience in advancing projects Zinc, Copper, Gold, Silver Munni Munni through drilling, feasibility and Western Australia 30% owned development Gold, Platinum Group Metals • Project value to be realised through Owendale Ow le sale, joint venture or development New South Wales 100% owned Scandium, Cobalt and • New transformational transaction to Nickel acquire up to 70% in the Blue Moon zinc project and unlock significant value in the deposit ASX:PGM NEW FRONTIERS NEW GROWTH SLIDE / 2
COMPANY PROFILE CA CAPITAL STR TRUCT CTURE Share Str tructure Ca Capitali lisation* Trad adin ing Ex Exchange ASX:PGM Pric rice as as at t 13 Sep September 2019 3.3c Sh Shares 264.1 million Mar arket Cap Cap $8.7 million Cash Cash as as at t 30 Jun June 2019 $1.3 million 52 wee eek low/hi w/high 3.3c – 13.0c En Enterpris ise Valu alue $7.4 million Top op 20 sha harehol olders 54% Majo jor Shareholders Cairngle Cair len Investments 15.1% 7.9% El Electrum Glob Global Ho Holdi dings gs Shop Sh opfit fittin ing Hea Headquarters Pty Ltd 6.0% Yan andal Investments (Ma (Mark Cr Creasy) 2.7% * $2.5m SPP and Top-Up Placement was announced on the 29 August 2019 ASX:PGM ASX:PGM NEW FRONTIERS NEW GROWTH SLIDE / 3 SLIDE / 3
Our new Blue Moon NEW Project is a , drill-ready, FLA LAGSHIP high-grade zinc-copper- PROJECT CT gold deposit with significant resource expansion and development potential ASX:PGM ASX:PGM NEW FRONTIERS. NEW FRONTIERS NEW GROWTH. NEW GROWTH SLIDE / 4 SLIDE / 4
BLUE MOON PROJECT JO JOIN INT VENTURE TE TERMS* • Platina to acquire a 70% interest in the Blue Moon Project by spending: - $CAD3.25 million to earn 50% over 18 months & - $CAD3.75 million to earn an additional 20% over an additional 18 months • Platina operator of the Joint Venture • Platina to acquire a 5% interest in Blue Moon Corporation with a 5% share placement of $CAD300,000. Option to go to 10% and board position ASX:PGM * Full details of the Joint Venture are outlined in ASX Release dated 29 August 2019, “Transformational SLIDE / 5 Transaction – Joint Venture on a High-Grade Zinc-Copper- Gold Project”
BLUE MOON PROJECT IN INVESTMENT PROPOSITION Significant valuation upside Drill ready 01 04 Brownfield project with large sunk cost and potential Planned 10,000m program ready to proceed which will share price re-rating as it moves along value curve generate significant news flow over the next 6 months Large, well defined resource Right commodities, right time 02 05 High grade zinc-copper-gold resource with significant Metals for a modern future expansion potential. Attractive grades Favourable location 03 06 Recent drilling intersected some of the highest Excellent access to export ports and hydro-electric grades ever encountered at the project power. Strong tenure position in stable jurisdiction ASX:PGM NEW FRONTIERS NEW GROWTH SLIDE / 6
INVESTMENT PROPOSITION 01 SIG SIGNIFIC ICANT VALUE UPSI SIDE Explorer 191 Developer Producer NEW • CENTURY 151 Significant value in the ASX Zn/Pb peer group* RESOURCES Market Capitalisation ($A million) • Platina valuation supported by existing assets ADRIATIC 135 METALS 119 • Global zinc M&A driving high valuations GALENA MINING 92 TERRAMIN 87 HERON 77 RESOURCES RED RIVER MYANMAR RESOURCES 70 METALS ORION MINERALS 19 19 9 5 PNX SUPERIOR ALTA ZINC METALS LAKE POTENTIAL MARKET VALUE RE-RATING AS BLUE MOON MOVES ALONG VALUE CURVE THROUGH DRILLING AND FEASIBILITY ASX:PGM * See overview of the peer companies in Appendices . Market capitalisation based on closing prices and share capital as at 13 September 2019. There is no assurance that Platina SLIDE / 7 will achieve any of the valuation increases shown by the peer group zinc companies as it advances Blue Moon through drilling and feasibility towards development
INVESTMENT PROPOSITION LARGE, WELL-DEFINED LA 02 RESOURCE • Deposit well understood – 43,000m of drilling in ~113 holes • High-grade, polymetallic, zinc-copper-gold- silver-lead, Volcanic Massive Sulphide deposit hosted in rhyolite • Main Vein Four lenses of mineralisation have been identified to date East Vein West Vein • Significant potential to expand existing mineral resource ASX:PGM NEW FRONTIERS NEW GROWTH SLIDE / 8
Cauti tionary Note te – National Instrument 43-101 is a national instrument for the INVESTMENT PROPOSITION Standards of Disclosure for Mineral Projects within Canada. The Mineral Resources stated are foreign estimates and are not reported in accordance with JORC Code. A competent person has LARGE, WELL-DEFINED LA not done sufficient work to classify the foreign estimates as Mineral 02 Resources in accordance with the JORC Code. It is uncertain that MIN INERAL RESOURCE* following evaluation and/or further exploration work that the foreign estimates will be able to be reported as Mineral Resources in accordance with the JORC Code. In order to verify the foreign estimate as a mineral resource in accordance with Appendix 5A of the Australian Securities Exchange Listing Rules, the Company intends to undertake a detailed audit of all the available data to Foreign gn In Inferred Min ineral Res esource e @ 4% Zn ZnEq Cu Cut-off verify the previous work and convert the foreign estimate to a JORC Mineral Resource compliant estimate. The Company notes that the Canadian NI43-101 Standards of Disclosure system is broadly Tons Zin Zinc Copper Lea Lead Gol old Sil Silver ZnEq# ZnE comparable to the JORC Code of reporting, and whilst the reporting (Mtons) (%) (%) (Oz/t) (Oz/t) (%) (%) methodologies are different, the actual mineral resources themselves are unlikely to be significantly different. ASX Release 7.79 0.04 4.95 0.46 1.33 0.29 8.07 dated 29 August 2019, “Transformational Transaction – Joint Venture on a High-Grade Zinc-Copper- Gold Project” outlines compliance with Australian Securities Exchange Listing Rules Chapter 5.12. A grade-tonnage curve is outlined in the Appendix. # The Zinc Equivalent is calculated using the equation = (Zn%*24.70 + Cu % * 55.80 + Pb% * 19.00 + Ag(oz/t) * 11.05 + Au(oz/t) * Foreign gn In Inferred Min ineral Resource Co Contained Metal 875.00) / 24.70.) based on a zinc recovery of 95%, copper 93%, lead 95%, 65% silver and 70% gold. Price assumptions – Zn US$1.30/lb, Cu US$3.00/lb, Pb $1.00/lb, silver US$17/oz and gold US$1250/oz. Zinc Zin Copper Gol old Silver Sil Lead Lea Assumed metallurgical recoveries are based on metallurgical test (M lbs) (M lbs) (M lbs) ( M Oz’s) (M Oz’s) work completed by Blue Moon at Lakefield Research Centre in 1988. It is the Company’s opinion that all the elements included in the 0.3 10.4 771.2 71.7 45.2 metal equivalent calculation have reasonable potential to be 7.79 recovered and sold. *Please note that the Mineral Resource is defined in US short tons (2,000lb) and not metric tonnes . ASX:PGM SLIDE / 9
INVESTMENT PROPOSITION LARGE LA 02 RESOURCE Potential for significant expansion of the resource 800m gap be 80 betw tween mi mineralis lisati tion on lar argely y un untes tested Pot otentia ial l Exp Expansio ion Zo Zone – Mineralis lised Ore Shoo hoots pl plun ungin ing South th ASX:PGM SLIDE / 10
INVESTMENT PROPOSITION LARGE, WELL-DEFINED LA 02 MIN INERAL RESOURCE Exploration upside beyond resource limits • Extent of the alteration indicates a large mineralising system may extend south of the current resource • Geophysical anomalies along strike • Untested trend of coincident soil and geophysical anomalies • Blue sky potential to multiple "Blue Moon" style deposit on strike as VMS deposits are often found in clusters Only nly a few dr drill ill ho hole les in n this his ar area. 50 500 0 me metr tre zinc nc-in in soil soil anom omaly ASX:PGM SLIDE / 11
INVESTMENT PROPOSITION 03 HIG IGH GRADE DEPOSIT Grade is King • BMZ-78* was drilled in 2018 into a previously untested area and represents the high ighes est gr grades ever er encountered at en t th the e property • Attractive intersections of gold old up to o Hole Ho e BM BMZ78 5g/t 36.5m @ 9.45% % Zn, n, 0.58% % Cu, Cu, 1.1 g/t /t Au Au & & 42.9 .9 g/t /t Ag Ag for or 12.61 .61% ZnEq from 435m • BMZ-78 confirms the presence of Incl. 9.35m @ 30.3% % Zn, n, 1.7% % Cu, Cu, 1.67 g/t /t thick and steeply plunging massive Au Au and and 71 g/t /t Ag Ag for or 36.8 % % ZnE nEq from sulphide mineralisation within the 460m Main Zone ASX:PGM Blu lue Moo oon Sec Section 87 8700 00 N Loo Looking Nort orth SLIDE / 12 * Hole 78 is not included in NI43-101 Inferred Resource (100 metre envelope)
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