Corporate Presentation
Updated: September 2024
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Disclaimer
The information contained in this presentation is provided by Pasinex Resources Limited. (“Pasinex”) for informational purposes only and does not constitute an offer to issue or arrange to issue, or the solicitation of an offer to issue, securities of Pasinex or other financial products. The information contained herein is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. The views, opinions and advice provided in this presentation reflect those of the individual presenters, and are provided for information purposes only. The presentation has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of Pasinex nor its directors officers, employees or agents, nor any other person accepts any liability, including, without limitation, any liability arising out of fault or negligence, for any loss arising from the use of the information contained in this presentation. Except for statements of historical fact, this presentation contains certain “forward-looking information” within the meaning of applicable securities laws. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements, including, among others, the accuracy of mineral grades and related assumptions, planned expenditures, proposed exploration and development at the the Horzum Mine and the Gunman Project. Pasinex undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements.
This presentation includes industry, market and competitive position data from industry journals and publications, data on websites maintained by private and public entities, including independent industry associations, general publications and other publicly available information. Pasinex believes that all of these sources are reliable, but we have not independently verified any of this information and cannot guarantee its accuracy or completeness. Industry publications and surveys generally state that they have obtained information from sources believed to be reliable, but do not guarantee the accuracy and completeness of such information. Further, because certain of these organizations are industry organizations, they may present information in a manner that is more favorable to the industry than would be presented by an independent source. In addition, forecasts are often inaccurate, especially over long periods of time. References in this presentation to research reports or articles should not be construed as depicting the complete findings of the entire referenced report or article. The information in each report or article is not incorporated by reference into this presentation.
Investors are advised to refer to additional information including quarterly Financial and Management Discussion and Analysis (MD&A) which is available here: https://pasinex.com/investors/financial-statements/.
Pasinex Overview
- In H1 2024, the Pinargozu Mine produced 2,728 tonnes of zinc product.
- The average grade of zinc sulphide product sold in H1 2024 was 49.4% zinc.
- Underground development is expected to create more working areas for mining zinc sulphide material.
- Gross margin in H1 2024 was 41%.
- 3,980 tonnes of zinc product (wet) sold in H1 2024.
- Carbonate Replacement Deposit at the Gunman Zinc Project in Nevada.
- Exploration drilling intersecting high-grade 48-52% zinc product in Pinargozu.
Zinc Production & Exploration in TURKIYE and the US
Pasinex Corporate Profile
Capital Structure
CSE:PSE; FSE:PNX
Shares Issued and Outstanding: 144,554,371
Warrants: None
Options: 10,000,000
Pasinex Management & Board
Andrew Gottwald, CFO
CPA, CA has over twenty years of experience in the financial services industry, including senior management positions with various publicly listed mining companies.
Evan White, Manager, Corporate Communications
Over 10 years in marketing in the mining sector. He is also the Founder & CEO of a top digital marketing agency based in Toronto
Dr. Larry Seeley, Executive Chairman
Chair and CEO of Seeley Group Ltd. He was CEO of Recapture Metals Limited and Principal Shareholder developing the company with two plants in Ontario, one in USA and one in Germany, producing gallium, indium and rhenium. Dr. Seeley was also VP Falconbridge Limited and President Lakefield Research.
Victor Wells, Lead Director of the Board
Corporate director and finance specialist with over 20 years’ experience in the resources, transportation and manufacturing industries. Former CFO and Director for a number of junior exploration and other companies.
Jonathan Challis, Board Member
Mining engineer with over 30 years’ experience in the operation, management, financing and analysis of mining projects around the world. He has an honours degree in Mineral Exploitation from University College, Cardiff and an MBA degree from Cranfield University.
Joachim Rainer, Board Member
Has over 20 years in entrepreneurial finance in Austria. As Managing Director of a company he founded he sources projects, structures companies and investments, and develops the businesses for new upcoming and innovative companies.
Growing a Zinc Focused Company
- Pasinex owns 50% of the Pinargozu Mine which is an exceptionally high-grade zinc (47.5%) mine near Adana, Turkiye
- District & regional exploration opportunity in a world class zinc district in Turkiye
- New discovery of zinc sulphide beneath high-grade zinc oxides in Nevada
- Investors should refer to information on Pasinex through our quarterly Financial statements and Management Discussion and Analysis (MD&A) available through the financial statements section of the website.
- Infrastructure is well established in Turkiye. The key to Pasinex being able to ramp up quickly to production was because of readily available infrastructure.
- Access to major roads, port (Mersin), major airport (Adana).
Zinc in the Taurus Mountains
Adana Türkiye
- Mine is close to a main city
- Population of 2.2 million
- Under 2 hours drive to mine
Port of Mersin
- Under 2.5 hours drive from mine
- Connects to international zinc market of purchasers
Great Infrastructure
- High voltage power available
- Clean water available on site for mining operations. By product water is also clean
Surface Lithology Map of Pinargozu & Akkaya properties
Pinargozu Development
- In H1 2024, the Pinargozu Mine produced 2,728 tonnes of zinc product.
- The average grade of zinc sulphide product sold in H1 2024 was 49.4% zinc.
- A total of 6,424 metres of underground and surface diamond core drilling and percussion drilling was completed in H1 2024, along with 318 metres of exploration and development adit development.
- The underground development in 2024 to create more working areas for mining zinc sulphide material continues.
- Over 6 kilometres of underground development has been completed.
- Approximately 5o miners and engineers are working at Pinargozu.
Pinargozu Production from Multiple Faces
- New Adit Project at 541 Level is completed
- Plan view of mineralization predominantly zinc carbonates (oxides) and zinc sulphides shown in red area; above 663 level and new mining area above and below 541-meter level
- Cut and fill mining method
- Production is DSO grade material
Exploration Conceptual Model
- Carbonate replacement type Zn – geological model
- Current Pinargozu operation is high up in the “manto” – could be a deep system; lots of exploration opportunity
- Skarn opportunity
Regional Exploration in TURKIYE
- The Pinargozu carbonate replacement zinc project is similar to CRD deposits in Mexico such as Naica
- Pinargozu, Akkaya and region
- Near mine areas – exploring the strike extension of hydrothermally altered marbles
- There is potential in the district to find more properties like Pinargozu
Gunman Zinc Project, Nevada [Exploration]
Exciting new zinc sulphide discovery beneath an old high-grade zinc prospect.
- Small drill program in 2018 confirms high-grade zinc oxides and leads to new discovery of deeper zinc sulphides
- Possible high-grade Eureka-style CRD system
- Verified high grade zinc oxides:
- 43.9 metres @ 14.2% zinc
- 13.7 metres @ 26.1% zinc and 5.6 ounces of silver
- Earn in option agreement whereby Pasinex can earn to up to 80% interest in the project based on payments and exploration commitment
- Pasinex plans to achieve 51% of ownership by end of 2022 on option agreement
Gunman zinc project
- Completed a helicopter magnetics survey of 218 line-kilometers, a mobile metal ion soil sampling program of 453 samples and a ground gravity program with 2,078 stations
- Reverse circulation drilling programs totalling 12,250 meters intersected zinc grades between 5% to 33%
- Pasinex expects to receive permits to commence its phase 3 drilling program at the Gunman project and has engaged a drilling contractor to begin drilling. Drill targets have been prioritized for reverse circulation drill holes with a minimum of 3,000 meters to be completed.
Zinc 101
- Uses of zinc:
- Galvanizing of Steel (making it rust proof): Car bodies, street lamp posts, safety barriers, suspension bridges
- Health: Sunscreen and vitamins
- Zinc Oxides: Paints, rubber, cosmetics, pharmaceuticals, plastics, inks, soaps, textile
- Die-casting: Electrical equipment
- China is a major consumer
- The zinc price has exhibited strong themes over the last year
- What’s going to happen to zinc in the next 5 years?
- Zinc classified as a critical metal
Contact Details
Canada Main Office
Pasinex Resources Limited
82 Richmond St. E.
Toronto, ON M5C 1P1
Tel +1 (416) 861-9659
General Information
[email protected]
Adana Office, Türkiye
Zeytinli Mah.
Turhan Cemal Beriker Blv.
No 607 / A Seyhan, Adana