Pinnacle Minerals New Acquisitions Presentation
Released
Released
Announcement PDF
New Acquisitions Presentation
October 2025
ANTIMONY AND GOLD - IDAHO
• NEIGHBOURING PERPETUA’S STIBNITE MINE &
RESOLUTION MINERALS’ HORSE HEAVEN PROJECT
• PAST PRODUCING MINES
ANTIMONY - WASHINGTON
• PAST PRODUCING ANTIMONY, GOLD AND SILVER MINES
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Pinnacle Minerals Investor Presentation October 2025
• NEIGHBOURING PERPETUA’S STIBNITE
MINE AND RESOLUTION MINERALS’
HORSE HEAVEN PROJECT
• PAST PRODUCING MINES
ANTIMONY AND GOLD - IDAHO
• PAST PRODUCING ANTIMONY, GOLD AND
SILVER MINES
ANTIMONY - WASHINGTON
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Pinnacle Minerals Investor Presentation October 2025
DISCLAIMER AND FORWARD-LOOKING STATEMENT
This presentation been prepared by Pinnacle Minerals Limited (Company). This presentation is not an offer, invitation, solicitation or other recommendation with
respect to the subscription for, purchase or sale of any securities in the Company. This presentation has been made available for information purposes only and
does not constitute a prospectus, short form prospectus, profile statement or offer information statement nor does it constitute investment or financial product
advice (nor taxation, accounting or legal advice) and it is not intended to be used as a basis for making an investment decision. This presentation is provided
expressly on the basis that you will carry out your own independent inquiries into the matters contained in the presentation and make your own independent
decisions about the affairs, financial position or prospects of the Company. The Company reserves the right to update, amend or supplement the information at
any time in its absolute discretion (without incurring any obligation to do so). To the maximum extent permitted by law neither the Company, nor its related bodies
corporate, officers, their advisers, agents and employees accept any responsibility or liability to any person or entity as to the accuracy, completeness or
reasonableness of the information, statements, opinions or matters (express or implied) arising out of, contained in or derived from this presentation or provided in
connection with it, or any omission from this presentation, nor as to the attainability of any estimates, forecasts or projections set out in this presentation. Any such
responsibility or liability is, to the maximum extent permitted by law, expressly disclaimed and excluded. Nothing in this material should be construed as either an
offer to sell or a solicitation of an offer to buy or sell securities in the United States or any other jurisdiction where it would be illegal. It does not include all available
information and should not be used in isolation as a basis to invest in the Company.
This presentation has been made available for information purposes only and does not constitute a prospectus, short form. This presentation may contain forward-
looking statements. These statements relate to the Company’s expectations, beliefs, intentions or strategies regarding the future. These statements can be
identified by the use of words like “anticipate”, “believe”, “intend”, “estimate”, “expect”, “may”, “plan”, “project”, “will”, “should”, “seek” and similar words or
expressions containing same. These forward-looking statements reflect the Company’s views and assumptions with respect to future events as of the date of this
release and are subject to a variety of unpredictable risks, uncertainties, and other unknowns. Actual and future results and trends could differ materially from
those set forth in such statements due to various factors, many of which are beyond our ability to control or predict. These include, but are not limited to, risks or
uncertainties associated with the acquisition and divestment of projects (including risks associated with completing due diligence and, if favourable results are
obtained, proceeding with the acquisition of the Gamma Project), joint venture and other contractual risks, metal prices, exploration, development and operating
risks, competition, production risks, sovereign risks, regulatory risks including environmental regulation and liability and potential title disputes, availability and
terms of capital and general economic and business conditions. Given these uncertainties, no one should place undue reliance on any forward-looking statements
attributable to the disclose the Exploration Results in accordance with the JORC Company, or any of its affiliates or persons acting on its behalf. Subject to any
continuing obligations under applicable law, the Company disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking
statements in this presentation.
.
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Pinnacle Minerals Investor Presentation October 2025
COMPETENT PERSONS AND COMPLIANCE STATEMENT
The information in this presentation that relates to exploration results is based on, and fairly represents, information and supporting documentation compiled by Mr
William Witham, who is a Member of the Australasian Institute of Geoscientists (MAIG). Mr Witham is the Executive Chairman of Pinnacle Minerals Limited
and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a
Competent Person as defined in the 2012 Edition of the JORC Code.
Mr Witham consents to the inclusion in this presentation of the matters based on his information in the form and context in which it appears.
The exploration results referenced in this announcement relate to historical drilling and trenching completed before the introduction of the JORC Code (2012).
While the Company considers the data to be of sufficient geological quality to support an exploration targeting program, it does not satisfy the requirements of the
JORC Code (2012) due to the absence of verifiable QAQC protocols, including a lack of information on sample duplicates, blanks, standards, and assay
laboratory procedures. The Competent Person has not done sufficient work to disclose the Exploration Results in accordance with the JORC Code 2012.
Investors are cautioned that the historical results are qualitative and indicative in nature only. The Company is not treating these results as reporting in accordance
with the JORC Code (2012), and accordingly, they should not be relied upon as representing Mineral Resources or Ore Reserves. Further work, including
confirmatory drilling and modern sampling programs, is required to verify the reliability and relevance of the historical data. Further evaluation and exploration work
may reduce confidence in the exploration results when reported under the JORC Code 2012. Notwithstanding the above, nothing has come to the Company's
attention that raises questions about the accuracy or reliability of the historical results. However, the Company has not independently validated the historical
results and therefore does not report, adopt, or endorse those results.
The information in this announcement relates to historical exploration results that have been released on the ASX in the Pinnacle Minerals Limited ASX
announcement dated 14 October 2025. Pinnacle Minerals confirms that it is not aware of any new information or data that materially affects the information
included in the original market announcements and that, all material assumptions and technical parameters underpinning the estimates continue to apply and
have not materially changed. The Company confirms that the form and context in which the Competent Person’s finding is presented have not been materially
modified from the original market announcements.
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Pinnacle Minerals Investor Presentation October 2025
DEAL SUMMARY
.
Pinnacle Minerals Limited (ASX: PIM, or the Company) is pleased
to announce it has executed a binding sale agreement to acquire
Idaho Antimony Corporation the owner of eight antimony, gold
and silver projects in two highly-prospective and well-established
mining regions in the Pacific Northwest USA. For further details,
please see ASX announcement dated 15 October 2025.
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Pinnacle Minerals Investor Presentation October 2025
PPTA.NAS
A$3bn market cap
RML.ASX
A$108m mkt cap
EIGHT PROJECTS IN THE PACKAGE
Idaho, USA
Idaho Antimony Corp controls a total of 208 USFS claims (16.87 km2 license area) in Idaho, covering and
surrounding historic antimony & gold mines and workings neighbouring Perpetua Resources’ $3 billion
Stibnite Mine.
This portfolio includes:
Gold
1 Thunder Mountain Gold Project
Antimony
2 Smith Creek Antimony Project
3 Routson Antimony Project
4 Logan Creek Antimony Project
5 Silver Cliff Antimony Project
6 Big Creek Antimony Project
Washington, USA
Antimony
7 Antimony Queen Project
Gold & Silver
8 Justice Mine Project
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Pinnacle Minerals Investor Presentation October 2025
IDAHO - MINING HUB
Ranked 7th best
mining jurisdiction
in the USA (Fraser
Institute)
Excellent
infrastructure and
strong state
support for mining
SPEED Act (2025)
to streamline
permitting and
project
development
Idaho Antimony Corp controls a portfolio of assets
in a historic and mining-friendly jurisdiction
IDAHO ANTIMONY CORP
RML.ASX
AUD$108m market cap
PPTA.NAS
A$4.24 bn market cap
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Pinnacle Minerals Investor Presentation October 2025
PPTA.NAS
(A$3bn MC)
RML.ASX
A$108m MC
STRATEGIC LOCATION –
BETWEEN TWO MAJOR
MINES
Projects are located between Perpetua Resources’
(Mkt Cap AUD $4.24bn) Stibnite Mine and
Resolution Minerals’ (Mkt Cap A$80m) Horse
Heaven Project
Positioned within the same structural corridor –
high potential for new antimony-gold systems
Shares geological characteristics and
mineralization style with Stibnite
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Pinnacle Minerals Investor Presentation October 2025
IDAHO PROJECT PORTFOLIO
Lightning Peak open pit (inside Pinnacle Minerals Limited's claims)
Idaho Antimony Corp controls 208 USFS claims
covering 16.9 km² across six key projects:
1 Thunder Mountain Gold
2 Smith Creek Project
3 Routson Project
4 Logan Creek Project
5 Silver Cliff Lode Project
6 Big Creek Project
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Pinnacle Minerals Investor Presentation October 2025
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5
4 3
2
1
IDAHO PROJECT PORTFOLIO
Idaho Antimony
Corp controls 208
USFS claims
covering 16.9 km²
across six key
projects:
Lightning Peak open pit (inside Idaho Antimony Corp claims)
Thunder Mountain Gold Project
Routson Project
Smith Creek Project
Big Creek Project
Logan Creek Project
Silver Cliff Lode Project
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Pinnacle Minerals Investor Presentation October 2025
THUNDER MOUNTAIN GOLD
PROJECT – OVERVIEW
Historic production district
with multiple past-
producing mines
Significant potential for
mine restart and resource
expansion
Includes the Lightning
Peak open pit (former
Coeur d’Alene operation)
Produced over 100,000 oz
Au between 1986–1992*
*From historical public records of the Idaho Geological Survey www.idahogeology/pub/Digital_Databases
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Pinnacle Minerals Investor Presentation October 2025
HISTORIC PRODUCTION
Year Crude ore (tons) Gold (ounces) Silver (ounces)
1902 3,162 711.63 394
1903 4,123 1,030.00
1904 8,636 3,939.00 2,239
1905 10,464 3,171.48 2,092
1906 11,786 3,069.95 2,126
1907 8,920 1,784.73 1,248
1911 732 207.86 122
1916 a 102.52 67
1918 a 211.19 139
1919 a 93.45 57
47,823 14,341.81 8,484
Thunder Mountain – Historic Production
Dewey and Sunnyside mines Dewey Mine: (Adjacent to
PIM’s claims)
Lightning Peak Open Pit
(Within PIM’s claims)
Panoramic view of the Thunder Mountain mines.
Historical productions based on : Idaho Bureau of Mines/USGS report:
https://www.idahogeology.org/Uploads/Data/MineDocs/CH0069_027.pdf - pp 38.
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Pinnacle Minerals Investor Presentation October 2025
2
3
5
4
1
2025 SPRING FIELD CAMPAIGN
– THUNDER MOUNTAIN
1
2
3 4 5
Completed Spring 2025
Confirmed presence of historic workings
and mineralization across project area
Supports planned geological and
environmental assessments
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Pinnacle Minerals Investor Presentation October 2025
LIGHTNING PEAK OPEN PIT
MINE RESTART POTENTIAL
Lightning Peak open pit
(Inside Pinnacle Minerals claims)
The Lightning Peak Open Pit Mine is located within
Pinnacle Minerals and was part of Coeur d'Alene
Mines Corporation’s heap-leach gold operation
In 1989, the mine produced 17,315 oz of gold and
22,744 oz of silver from 583,751 tons of ore
In 1990, mining focused entirely on Lightning Peak,
yielding an estimated 25,000 oz of gold and 30,000
oz of silver
The proposed pit was projected to produce around
1 million tons of ore, with an estimated reserve of
70,000 oz of gold
Grades were strong and comparable to the nearby
Sunnyside Mine, averaging 0.07 to 1.0 oz per ton
Historical productions based on : Idaho Bureau of Mines/USGS report:
https://www.idahogeology.org/Uploads/Data/MineDocs/CH0069_027.pdf - pp 38.
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Pinnacle Minerals Investor Presentation October 2025
Werdenhoff
Small-scaled
Gold Operation
PROJECT – SMITH CREEK PROJECT
Northernmost Idaho target with
historic antimony occurrences.
Structural contact zones between
gneiss and phyllite enhance potential.
2.1 km² license area.
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Pinnacle Minerals Investor Presentation October 2025
Big Creek
Airstrip
PROJECT –
ROUTSON PROJECT
Idaho Antimony 2025 Field Visit
Historic mining
workings from
the project
4.9 km² license area.
Contains historic Green Spider and
Routson prospects.
Adjacent to Big Creek Airstrip
Hosts marble and calc-silicate metasiltites
with metamorphosed volcanic sequences.
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Pinnacle Minerals Investor Presentation October 2025
PROJECT – LOGAN CREEK
Underlain by
porphyritic granite to
granodiorite along
Johnson Creek Shear
1.5 km² license area located 7.5 km SW of Routson.
Historical antimony
occurrences reported
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Pinnacle Minerals Investor Presentation October 2025
PROJECT – SILVER CLIFF LODE
1 km² license area located ~14 km west of Perpetua,
6kms south of Yellow Pine
Historic samples up to 4.2% Sb
Hosted in muscovite-biotite granite to
granodiorite
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Pinnacle Minerals Investor Presentation October 2025
PROJECT – BIG CREEK PROJECT
Thunder
Mountain
Big Creek
Stibnite
Gold
Project
3.5 km² license area.
Geological analogue to Perpetua’s Stibnite
Gold Project.
Roof Pendants Present
Strong potential for antimony-gold
mineralization in similar structural setting.
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Pinnacle Minerals Investor Presentation October 2025
WASHINGTON ANTIMONY +Au +Ag PROJECTS
Projects:
Antimony Queen Project
Justice Mine Project
Location:
North-central Okanogan County
Washington and Cascade Range
Historic production of antimony
(Sb), gold (Au), and silver (Ag)
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Pinnacle Minerals Investor Presentation October 2025
ANTIMONY QUEEN PROJECT
Area: 1,235
acres (~5 km²)
in Okanogan
County
Historic
production since
1906
~1,000 tons
stibnite ore &
several hundred
tons antimony
oxide
Recent Work:
2025 LiDAR analysis confirmed historic adits
and mine workings
Historical productions based on : CES, 2004 Site inspection, Antimony Queen Mine: Unpublished USFS report,
Contract #10181-1-D007, 20 p. plus tables, figures and appendices.
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Pinnacle Minerals Investor Presentation October 2025
JUSTICE MINE PROJECT
Area: 63 acres (0.25 km²)
Located in Monte Cristo
district, active 1889–1907
Two Mine area
78 miles from Seattle
Historical productions based on : Fritz E. Wolff, Donald T. McKay, Jr., and David K. Norman, 2003. "In active and Abandoned
Mine Lands— Mystery and Justice Mines,, Monte Cristo Mining District, Snohomish County, WashingtonWashington Division of
Geology and Earth Resources Open File Report 2003-7
Combined production (Justice + Golden
Cord): ~34,000 tons; early Rockefeller
syndicate backing
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Pinnacle Minerals Investor Presentation October 2025
CAPITAL STRUCTURE
Indicative Capital Structure
Shares Options
TOTAL
Current issued capital
Securities to be issued under the
Placement
Securities to be issued as
Consideration (plus Facilitation Fee*)
111,829,132
37,500,000
51,718,750*
64,760,800
18,750,000
29,218,750*
201,047,882 112,229,550
*Facilitation Fee is 6,718,750 shares and 6,718,750 options
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Pinnacle Minerals Investor Presentation October 2025
BOARD OF DIRECTORS
William (Bill) Witham
Executive Chairman
BSc (Hons) Geology UWA MAIG
• Bill Witham is an experienced Executive Director skilled in corporate
finance, government relations and mineral exploration in Australia, Africa
and South America.
• Bill has strong technical experience in airborne geophysics, structural
geology, focusing primarily on lithium, uranium and gold.
• Bill was the founding director and the executive and technical management
of Electrostate Limited. Electrostate developed the Yinnietharra Lithium
Project in WA which was sold to Delta Lithium Limited (ASX:DLI) for a circa
$25 million vendor consideration in September 2022.
• Bill has held senior executive roles across the Australian and African
resources sector for 35 years both in exploration and advocacy. Bill was
CEO of the Australia - Africa Minerals and Energy Group (AAMEG) from
2018 to 2022 and with the Chamber of Minerals & Energy WA from 2013 to
2016.
Lincoln Liu
Non-Executive Director
BBus, MCom, MBA
• For over a decade. Lincoln has worked in Australian equities including
stockbroking, research and investment banking. Lincoln has
experience in IPO's, Placements, Private Equity and M&A.
• Industry expertise in the resources sector and has worked extensively
with growth companies including battery metals explorers and
developers.
• Co-founder of a Sydney-based Corporate advisory firm.
• Holds a Master of Commerce (Finance) from UNSW & and MBA from
USYD.
Stephen Ross
Non-Executive Director
BSc (Geology) FFin MAusIMM MAICD
• Stephen Ross is a geologist, independent consultant and public
company director who has been involved in the international minerals
industry in technical, business development and corporate positions for
30 years.
• He is a member of the Australasian Institute of Mining and Metallurgy, a
member of the Australian Institute of Company Directors and a Fellow
of the Financial Services Institute of Australasia. Stephen is currently
the Managing Director of Desert Metals Limited, Chairman of Power
Minerals Limited and a non-executive director of Pinnacle Minerals
Limited
Jay Stephenson
Company Secretary
MBA, CA, FCPA, FGIA, FCIS, CPA (Canada), CMA (Canada), MAICD
• Jay Stephenson has been involved in business development for
over 30 years including approximately 26 years as Director. Chief
Financial Officer and Company Secretary for various listed and
unlisted entities in resources, manufacturing, information
technology, wine, hotels and property.
• Jay has been involved in business acquisitions, mergers, initial
public offerings, capital raisings, business restructuring as well
managing all areas of finance for companies.
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Pinnacle Minerals Investor Presentation October 2025
CONTACT
PINNACLE MINERALS
LTD
+61 417 097 172
admin@pinnacleminerals.com.au
william.witham@pinnacleminerals.com.au
abbey@janemorganmanagement.com.au
www.pinnacleminerals.com.au
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Pinnacle Minerals Investor Presentation October 2025
THANK YOU
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Pinnacle Minerals Investor Presentation October 2025
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