Ann: Investor Presentation, page-16

Again Dr Rob Stuart mentions the PGE soils at Innouendy below and compares them to Chalice's Gonnerville discovery at Julimar.

He is comparing the size of the PGE soil anomaly at Innouendy to Gonnerville.






This chart below highlights the fact that Chalice's Julimar is a World Class PGE deposit, with low grade nickel and copper credits. Hence why Chalice's market cap is at $3.45Billion (250x Desert Metal's market cap today).

Even though Julimar is a world-class PGE deposit, as you can clearly see below, it is low grade at 0.97g/t PGE deposit, (yellow spheres) especially when you compare it to the other PGE deposits globally. The market caps of those companies are in the $15Billion-$40Billion range.



It is the 330Million Tonnage that gives Julimar and Chalice a $3.45Billion value with its ~1,900metre anomaly length and ~900metre width.

The PGE anomaly at Desert Metals Innouendy is 2,000metres by 800metres wide. So they grades in the high grade zone dont need to be high to be even a small $250million asset for Desert Metals.

With only 55million shares on issue, this alone would equate to a share price of $4.54 for DM1. Compare that to yesterday's share price at 24c and there is definitely a significant opportunity for capital gains growth.

Desert Metals has confirmed multiple high quality targets, 6 at Dingo Pass Nickel Copper PGE Gold conductors, Belele VMW type deposit and PGEs at Innouendy and off hole thicker part of conductor 40metres off hole.

We only need 1 of these to be a 3% NiCuPGE for more than 5metre thickness and we'll be well over $550million market cap $10 share price, let alone if 2-3 of them are proven as valuable assets.