Prairie Mining Ltd. — Investor Presentation 2021

Nov 24, 2021

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GreenX Metals Limited Powering the Energy Transformation through Copper Exploration

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Prairie Mining Limited will be changing its name to GreenX Metals Limited

ASX | LSE | WSE: PDZ

November 2021

ABN: 23 008 677 852

INVESTMENT ARBITRATION DISPUTE - POLAND

High potential for asymmetric returns at no cost to shareholders – a unique and uncorrelated asset class

Prairie’s A$1.5bn claim for damages against Poland is well advanced

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• Proceedings against Poland formally commenced in September 2020

• Prairie is represented by LALIVE, one of the world’s most renowned investment arbitration specialist law firms

• The claim is proceeding at pace

CAPITAL STRUCTURE

as at 24 November 2012

Claim costs are fully funded by Litigation Capital Management

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• Litigation Capital Management ("LCM") is a leading international provider of dispute financing solutions (AIM:LIT)

• Funding agreement of US$12.3m (A$18m) announced in July 2020 to cover legal, tribunal and external expert costs for the claim

• Limited recourse facility which is repayable in the event of a successful Claim or settlement of the Dispute that results in recovery of any monies - In the event of no settlement or award, LCM is not entitled to any repayment

231,355,089 Shares on Issue

A$51m / £29m / PLN158m Undiluted Market Cap @ A$0.22

LCM has an impressive track record – a success rate of over 95%

• Since 1998 LCM have funded 237 disputes, with 226 of those being successful*

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• LCM are experts in litigation and conduct rigorous due diligence – only 3% of claims reviewed receive funding

• Over the last 10 years, the average time from LCM’s first investment in a dispute through to realization has been 27 months

• Larger and more complicated disputes can take longer – people fight harder over large amounts

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* Source: Litigation Capital Management 2021 Annual Report

GREENLAND IS ONE OF THE LAST GREAT FRONTIER MINERAL PROVINCES

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Highly prospective but under-explored

Official Pro-mining Policy & Regulatory Transparency

Attracting increased exploration investment

Billionaire-backed mining firm to seek electric vehicle metals in Greenland

• Reuters August 2021

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KoBold - backed by Bezos, Gates and Bloomberg

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MOVE INTO NEW ENERGY METALS

The ARC license contains widespread copper mineralization at surface & potential for other battery metals such as nickel and PGM’s

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Copper demand rising Integral component for nearly all new technology paving the way to net-zero emissions

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Copper supply in deficit Copper consumption in the next 25 years will be more than has ever been mined - new mines must open

There is no decarbonisation without copper Goldman Sachs Global Investment Research May 2021

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Discoveries few and far between

Few major new copper discoveries in the past six years as production remains stagnant

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DR BELL IDENTIFIED AN ENTIRE NEW METALLOGENIC PROVINCE

Major re-think of geological interpretation and metallogenesis of North Greenland

Cutting edge science to whittle down search area by four orders of magnitude and define priority targets

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60,000km[2]

~~Oxidation boundary~~ 6,000km[2] Geophysics & geochemistry Minik Anomaly 640km[2] Discovery Zone 6km[2] Zig Zag Formation ?

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MINIK ANOMALY WILL BE KEY FOCUS OF FIRST FIELD CAMPAIGN

Widespread copper at surface over 5,774km[2] license area

• 80% of stream sediment samples contained native copper

• Native copper - clasts weighing up to 1 kg+

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Minik Anomaly

• 640km[2] area with discovery potential for multiple copper deposits

• Highest copper grades proximal to coincident gravity, conductivity and magnetic anomalies

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DISCOVERY ZONE: MOST ADVANCED PROSPECT WITHIN ARC

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Sediment-hosted Breccia bound “Black Earth”
Comprises lenses and blebs Occurs in thin quartz- Unconsolidated materials
of chalcocite and bornite dominated veining within containing high grades of
measuring from mm-scale the fault breccia and copper and silver.
to 15cm long contains disseminated 2.15% Cu & 35.5g/t Ag over
copper sulphides 4.5m true width reported
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Geological similarities to some of the largest known global copper systems

• Sediment-hosted: the Katangan Basin (‘Copperbelt’ - DRC),

• Native copper: Keweenaw Peninsula (Michigan)

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ZIG ZAG FORMATION: NATIVE COPPER IN FLOOD BASALTS

A 1.3km thick, >10,000km[2] flood basalt intercalated with sediments. Widespread native copper

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1kg+

3.17% Cu

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ARC’S CLOSEST ANALOGUE – THE PROLIFIC UPPER PENINSULA, MICHIGAN

• 16Mt Cu

• Copper sulphides in sediments • Analogous to the White Pine deposit model

• • A pre-mining endowment of ~7Mt of copper sulphides

• Native copper in basalts • Analogous to the Keweenaw Peninsula

• • a pre-mining endowment of ~9Mt of native copper

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STATE-OF-THE-ART EXPLORATION - 4D MINERAL SYSTEMS ANALYSIS

Exploration targeting through rigorous conceptual model of how mineral endowment is concentrated within geological systems

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Geophysics

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Geochemistry
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Airborne gravity, 310 rock chip, trench magnetics and & grab samples electro-magnetics (c2010-11) defining the Minik 145 rock chip samples Anomaly (c1979-80) 94 stream sediment samples (c1993-94)

Mapping & Satellite Imagery 1:100,000 detail + Greenfields additional interpretation

Lab work

Microprobe analysis XRD analysis Organic carbon analysis

Photography

Airborne vertical and oblique Satellite imagery

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GREENLAND – HIGHLY PROSPECTIVE & UNDEREXPLORED

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IMPORTANT NOTICES

Forward Looking Statements

This presentation may include forward-looking statements. These forward-looking statements are based on Prairie Mining Limited’s (Prairie) expectations and beliefs concerning future events. Forward looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of Prairie, which could cause actual results to differ materially from such statements. Prairie makes no undertaking to subsequently update or revise the forward-looking statements made in this announcement, to reflect the circumstances or events after the date of that announcement.

This presentation has been authorised for release by the Company’s Chief Executive Officer, Mr Ben Stoikovich

Cautionary Statements & Important

Information

This presentation has been prepared by Prairie as a summary only, and does not contain all information about Prairie’s assets and liabilities, financial position and performance, profits and losses, prospects, and the rights and liabilities attaching to Prairie’s securities. Any investment in Prairie should be considered speculative and there is no guarantee that they will make a return on capital invested, that dividends would be paid, or that there will be an increase in the value of the investment in the future. Prairie does not purport to give financial or investment advice. No account has been taken of the objectives, financial situation or needs of any recipient of this presentation. Recipients of this presentation should carefully consider whether the securities issued by Apollo Minerals are an appropriate investment for them in light of their personal circumstances, including their financial and taxation position.

Competent Persons Statement

The information in this presentation that relates to Exploration Results for the Arc Rift Copper Project is extracted from the ASX announcement dated 6 October 2021, which is available to view at www.pdz.com.au.

Prairie confirms that (a) it is not aware of any new information or data that materially affects the information included in the original announcements; (b) all material assumptions and technical parameters underpinning the content in the relevant announcements continue to apply and have not materially changed; and (c) the form and context in which the Competent Person’s findings are presented have not been materially modified from the original announcement.

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