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Australian Nickel Conference - October 2021

Below is the link for Panoramic Resources October presentation, MD Victor Rajasooriar discusses the lead up to restarting operations.

Although the presentation is prior to restart it highlights some relevant information moving forward.

Financial Metrics

The increase in Nickel price and the effect it has on cashflow -

• Base case - US$16,055/t

• Spot at July 2021- Ni US$19,533/t increased cashflow by 76%.

• Spot now - Ni US$28,797.50/t conservative estimate of increased cashflow by 200% minimum.

Building ESG

• If Victor is successful at linking in with the dormant hydro power supply at the Argyle diamond mine (90 km away) which closed in 3 November 2020 this will be a game changer for the company. It would unlock Green ESG credentials but most importantly it would be value add for the company infrastructure.