Ann: Updated PFS excellent through all price cycles, page-2

Pure Minerals John Downie on Mines and Money , starts around 28 minutes in ,
Even at the low end of the commodity cycle they have a project with spectacular returns ( around 52 minutes in )



They will also be presenting later this month at the 121 Mining and Investment 28th to 29th April
Pure Minerals Limited (ASXM1) owns 100% of Queensland Pacific Metals Pty Ltd, an emerging developer of battery chemicals nickel sulphate and cobalt sulphate.

Pure Minerals is currently progressing its Pre-Feasibility Study on the Townsville Energy Chemicals Hub, a 600,000tpa refinery that will produce 25,000tpa nickel sulphate / 3,000tpa cobalt sulphate. During construction, TECH could employ over 1,000 people and retain over 100 full time employees during operation, proposed to commence in 2021.

The Company will import high grade Ni-Co laterite ore (1.6% Ni / 0.017% Co) from New Caledonia under long term ore supply agreements for processing at TECH.

Pure Minerals is a processing Company – there is minimal mining risk.
• “New Kid on the Block” – very low market capitalisation compared with other ASX listed nickel-cobalt peers with transaction only recently completed to acquire QPM
• Grade is King – processing high grade material from New Caledonia delivers QPM a competitive advantage
• Townsville – great opportunity to utilise existing infrastructure and decades of experience to re-establish a value-add mineral processing business
• Rapid Growth Potential to Deliver Shareholder Value – not your typical resources marathon with years of exploration – the next 18 months through to FID will be a sprint