POWER MINERALS LIMITED — AGM Information 2017

Nov 8, 2017

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Rebecca Holland Kennedy Chairman and Managing Director

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Presentation to Annual General Meeting – 9 November 2017
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2017 Highlights

 Expansion of Lithium Brine project tenure in Argentina

• Sixfold increase in average daily share trading

 Exploration team established and active in Argentina

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Where we are exploring

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• 16 tenements, 15,139 km[2]

• 24 tenements, 501 km[2]

• Musgrave Focus >90% holding

• Lithium project focus 60% holding

• Nickel, Copper, PGE, Diamonds, Gold , Silver & basemetal targets

• Copper, Gold and Lithium Brine

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Where we are

2017 Shares on issue 483 968 689 , , Options on issue(unquoted) 1,500,000 No. shareholders 2 920 , Top 20 shareholders 43.9% of capital Working Capital 30 Sep 17 $1.5m Funds raised from equity to $4.6m 30 June 17 Exploration expenditure $2.7m 1 July 2016 to 30 Sep 2017

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Company strategic focus on Lithium Project in Argentina

• Attractive commodity

• Company experience and expertise in Argentina

 Argentine potential resource base

Lithium Demand – Deutsche Bank Forecast

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Source – Deutsche Bank Markets Research – May 2016

Tenure Increased

 In June 2016 we held 8 minas over 17,192 hectares

 Current - 16 minas of 40,184 hectares

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Strategic Tenure

 All within the South American lithium triangle

 All within Salta Province – mining friendly – well administered

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Fund raising success

 Successful fund raising of $4.6m

 Funding for exploration of Lithium project – logical responsible scientific method of testing of our prospects

• No wastage of funds on overheads

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Exploration Activity

 Argentine exploration team – local with expertise  Completed geophysical surveys on 5 salars,  Drilling and sampling program on-going

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Community engagement

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Musgrave Project – AEM completed

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Mt Caroline
0.03%Cu,
0.13% Ni,
0.17% Co
Anerinna Hills & Ironwood Bore
Targets to be tested from 2016
Mt Harcus AEM
0.3 to 0.7%Cu, Regional AEM Survey Area
0.3% Ni,
0.1% Co
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• Completion of PNN, CSIRO and SA Govt collaborative AEM survey

• Exploration targets identified for testing with company drilling equipment

• R&D tax refund of $200,000

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Musgrave Joint Venture – NiCul Minerals Ltd

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Pink Slipper Target to be tested

• Agreement reached with Rio Tinto for an extension of 2.5yrs

• Covers 4 ELAs – Pink Slipper Target

• Nickel, Copper, Cobalt target minerals

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Toondulya Bluff – Gold – Silver

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 Success for competitive exploration release area(ERA), low acquisition cost  Known Gold occurrences to the north  Three targets identified for testing with company owned drilling equipment

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Recent activity

• Roadway permit and road works underway for drilling Salar de Pular

• Geophysical survey completed indicating potential brine bearing aquifers on Salar del Rincon

• Drilling permits lodged for Salar del Rincon and community visited

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Salar de Pular – Exploration underway

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• Lithium brine confirmed from surface samples in September 2016

• Permits for Road works received and works underway

• Drilling planned for late November and sample results expected December

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PepinNini Board of Directors

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Rebecca Holland-
Kennedy
B.Sc., B.Arts, MAusIMM,
GAICD
Executive Chairman
and Managing
Director,
Co-founder
Geologist with more
than 35 years
experience in
exploration and
management.
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Sarah Clifton-Brown
B.Arts,(Hons) Accountancy,
FCCA, GAICD
Executive Finance
Director
Fellow of the Chartered
Certified Accountants
with more than 12
years experience in
company
administration, financial
reporting and analysis.
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Phil Clifford
B.Sc., MAusIMM
Non- Executive
Director -
Exploration
Manager during
FY17
Geologist with more
than 25 years
experience in
exploration
management within
Australia;15 years
with Rio Tinto.
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Robert (Wei) Sun
M.Econ (Commerce),
M.Econ (IEM)
Non-Executive
Director
Resource investment
analyst with more
than12 years
experience in
international trade
and the resource
industries of China,
Canada and
Australia.
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Justin Nelson
B.Arts(Jurisprudence)LLB
Company Secretary
Lawyer, previously
ASX State Manager,
SA and Manager,
Listings (Adelaide).
He has extensive
knowledge of ASX
listing rules and is a
Special Council with
DMAW Lawyers.
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Ignacio Celorrio
LLB/JD Partner
Director
PepinNini SA
Lawyer with Quevedo
Abogados
Buenos Aires.
Distinguished
Leading Individual in
areas of Energy and
Natural Resources in
Argentina
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CHANGE AHEAD

Portfolio Strategy – FY 2018 and beyond

PepinNini Lithium Limited

Lithium carbonate production by 2020

• Exploration test all tenure and focus on tenure with best grade resource potential

• Define lithium brine resource and develop pipeline of projects with defined resources Convert pumping test wells to production wells Scoping to pre-feasibility study for pre-eminent project

• Evaporate and concentrate Lithium brine Lithium carbonate production process design and testing

• Lithium carbonate (LCE)producer

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Salta Lithium Project
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NiCul Minerals Limited

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Musgrave
(Ni-Cu-PGE)
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• Focus on Musgrave Project and progress ELAs to grant

• Drill test Pink Slipper targets  Drill test AEM targets

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The PepinNini Team – Australia and Argentina

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Strategic Pathway for shareholder return

 Refocus core area of Lithium in Argentina – PepinNini Lithium  Maintain Musgrave Ni-Cu-Co project under NiCul Minerals  Experience in Argentina means efficiency and opportunity to come  Lean, efficient and diligent exploration

 Commitment to maintain corporate and social standards and respect communities in which we work

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Opportunities to come
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Thank you

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Disclaimer and Competent Persons Statement

• The information in this presentation is published to inform you about PepinNini Minerals Limited and its activities. All reasonable effort has been made to provide accurate information, but we do not warrant or represent its accuracy and we reserve the right to make changes to it at any time without notice.

• To the extent permitted by law, PepinNini Minerals Limited accepts no responsibility or liability for any losses or damages of any kind arising out of the use of any information contained in this presentation. Readers are advised to consult a stockbroker or professional adviser before making any investment decisions.

• The information in this presentation that relates to Exploration Results and Mineral Resources is based on information compiled by Philip Clifford BSc MAusIMM. Mr Clifford is a Non-executive Director of PepinNini Minerals Limited and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration to qualify as a Competent Person as defined in the 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Clifford consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

• The information in this presentation on the Salta Lithium project has been reviewed by Mark King Ph.D., P.Geo., F.G.C., Groundwater Insight, Inc, Halifax, Nova Scotia, Canada, who has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration to qualify as a Competent Person as defined in the 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves and Qualified Person for the Canadian National Instrument 43-101”. Mark King consents to the inclusion in the report of the matters based on his information in the form and context in which it appears

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We explore, we persist, we find Lithium - Argentina Nickel Copper Cobalt - Musgrave PepinNini – the Battery company

pepinnini.com.au