An Emerging Zinc Play September 2019 Corporate Presentation CSE: PSE | FSE: PNX
Disclaimer The information contained in this presentation is provided by Pasinex Resources Limited. (“Pasinex”) for informational purposes only and does not constitute an offer to issue or arrange to issue, or the solicitation of an offer to issue, securities of Pasinex or other financial products. The information contained herein is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. The views, opinions and advice provided in this presentation reflect those of the individual presenters, and are provided for information purposes only. The presentation has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of Pasinex nor its directors officers, employees or agents, nor any other person accepts any liability, including, without limitation, any liability arising out of fault or negligence, for any loss arising from the use of the information contained in this presentation. Except for statements of historical fact, this presentation contains certain “forward -looking information” within the meaning of applicable securities laws. Forward- looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements, including, among others, the accuracy of mineral grades and related assumptions, planned expenditures, proposed exploration and development at the the Horzum Zinc / Lead Project and the Spur Zinc / Lead / Silver Project. Pasinex undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward- looking statements. This presentation includes industry, market and competitive position data from industry journals and publications, data on websites maintained by private and public entities, including independent industry associations, general publications and other publicly available information. Pasinex believes that all of these sources are reliable, but we have not independently verified any of this information and cannot guarantee its accuracy or completeness. Industry publications and surveys generally state that they have obtained information from sources believed to be reliable, but do not guarantee the accuracy and completeness of such information. Further, because certain of these organizations are industry organizations, they may present information in a manner that is more favorable to the industry than would be presented by an independent source. In addition, forecasts are often inaccurate, especially over long periods of time. References in this presentation to research reports or articles should not be construed as depicting the complete findings of the entire referenced report or article. The information in each report or article is not incorporated by reference into this presentation. Investors are advised to refer to additional information including quarterly Financial and Management Discussion and Analysis (MD&A) which is available through the website www.pasinex.com Pasinex Resources Limited | CSE: PSE | FSE: PNX
Pasinex Overview 2019 is a transition year with a mine development program to open up deeper zinc mineralization at Pinargozu in Turkey. This is expected to be in production in 2020. 45,757 wet tonnes zinc material On target to achieve 2019 guidance Profitable operations with over 60% produced in 2018 from Pinargozu. gross margin in Q2 of 2019. of 18,000-20,000 wet tonnes mine material. SEDEX style intersection on Spur Exploration drill program on Large land position in a CRD zinc Zinc Project in Nevada. Akkaya Project. district in Turkey. Pasinex Resources Limited | CSE: PSE | FSE: PNX
Zinc Production & Exploration in Turkey and the US High Grade Zinc Carbonate Production & Exploration at Pinargozu Zinc Mine, Turkey 50/50 JV UNITED STATES High Grade Zinc Carbonate TURKEY Exploration at Akkaya Zinc Project, High Grade Zinc Carbonate NEVADA Turkey 50/50 JV Exploration Project Spur, White Pine County, Nevada 80% Earn In over 4 years Pasinex Resources Ltd. have Zinc Projects on two continents Pasinex Resources Limited | CSE: PSE | FSE: PNX
Pasinex Corporate Profile Capital Structure CSE:PSE; FSE:PNX Shares Issued and Outstanding 144,354,370 Share Price (September 10 th , 2019) $ 0.03 Market Capitalisation $ 4.33 M Warrants None 5.35 M Options Shareholders Other Top 20 Shareholders 20% Directors & 45% Management Other 35% Shareholders Pasinex Resources Limited | CSE: PSE | FSE: PNX
Pasinex Management & Board Steve Williams Andrew Gottwald Evan White President & CEO CFO Manager, Corporate Communications Metallurgy degree and MBA, Mines in CPA, CA with over twenty years of 11 years in marketing in the mining sector Australia and Canada, 20 years with experience in the financial services SGS in Metallurgy, Past Managing industry, including senior management Director SGS Canada positions with various publicly listed mining companies. Joachim Rainer Vic Wells Dr. Larry Seeley Board Member Board Chairman Board Member 20 years in entrepreneurial finance in Austria Financial expert was CFO / Director for a Ex-VP Falconbridge Mining, number of junior exploration companies Ex-President Lakefield Research Jonathan Challis Board Member Mining engineer with many Directorships and senior roles with juniors Pasinex Resources Limited | CSE: PSE | FSE: PNX
Growing a pure play Zinc Company ❖ New discovery of zinc sulphide in black shales beneath high-grade zinc oxides in Nevada ❖ Two drill rigs currently drilling at Akkaya Zinc Exploration Project in Turkey. Targets along strike from Pasinex’s Pinargozu high-grade zinc oxide mine ❖ Pasinex owns 50% of the Pinargozu Mine which is an exceptionally high grade zinc mine near Adana, Turkey. ❖ Approximately 43,709 wet tonnes of zinc oxide produced in 2018; 2,048 wet tonnes of zinc sulphide. ❖ 2019 production to June 30 th was 11,080 wet tonnes at 33% Zn ❖ District & regional exploration opportunity in a world class zinc district in Turkey. 35% ❖ Investors should refer to information on Pasinex through our quarterly Financial statements and Management Discussion and Analysis (MD&A) available through the website www.pasinex.com Pasinex Resources Limited | CSE: PSE | FSE: PNX
Pinargozu Zinc Mine Operating Results Operating results for Quarter 2 and the First Half of 2019 Q2 2019 Six Months Ended June 30, 2019 Horzum AS – Reporting as 100% Zinc product produced (wet) tonnes 4,293 11,080 Zinc product sold (wet) tonnes 2,397 10,056 Zinc product sold grade 46% 33% Cost Per Tonne Mined (CAD)* $403 $318 35% *Non-GAAP measures. Pasinex Resources Limited | CSE: PSE | FSE: PNX
Pasinex Financial Results – Q2 2018 Year-Over-Year Comparison (Canadian Dollars) Q2 2019 Q2 2018 Pasinex Resources Limited Adjusted Equity Gain $333,363 $1,805,685 Consolidated Net Income (loss) $(108,609) $930,193 Dividend Received from Horzum AS $286,383 $377,370 Zinc Price US $1.23 US $1.55 35% Pasinex Resources Limited | CSE: PSE | FSE: PNX
Spur Zinc Project, Nevada [Exploration] Exciting new zinc sulphide discovery beneath an old high-grade zinc prospect ❖ Small drill programme confirms high- grade zinc oxides and leads to new discovery of deeper zinc sulphides ❖ Possible high-grade Eureka-style CRD system and potential for a major shale- hosted-massive-sulphide (SHMS) deposit beneath White Pine County, Nevada, USA ❖ Verified high grade zinc oxides: ❖ 43.9 metres @ 14.2% zinc ❖ 13.7 metres @ 26.1% zinc and 5.6 ounces of silver ❖ Earn in option agreement whereby Pasinex can earn to up to 80% interest in the project based on payments and exploration commitment 35% Pasinex Resources Limited | CSE: PSE | FSE: PNX
Why are Shale-Hosted Zinc Deposits Important? ❖ Black Shale is a highly unusual host for CRD mineralization. SHMS deposits are highly significant for exploration ❖ Shale-hosted massive sulphides zinc deposits (SEDEX or SMHS) are not common but are large, hosting over 18% of the world’s zinc ❖ Four of the five largest zinc mines and deposits globally are shale hosted. Examples: Red Dog, Sullivan, Selwyn, McArthur River, Hilton
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