Announcement PDF ASX:PIM PINNACLE : We’re Charging Towards the Future EMERGING BATTERY & TECHNOLOGY METALS COMPANY IN TIER-ONE JURISDICTIONS Lithium | HMS | REE | U3O8 Q2 2024 COMPANY OVERVIEW  Pinnacle Minerals Ltd (ASX:PIM) is an emerging battery and technology metals explorer with a portfolio of projects in Tier-one jurisdictions across Canada, Western Australia and South Australia.  Pinnacle holds 75% of the Adina East Lithium Project in James Bay Quebec which is proximal to the Adina Lithium Project (ASX:WR1) and adjacent to the Trieste Project (ASX:LLI). Both projects have demonstrated high grade lithium mineralisation.  Project Partner with 25% of the project is Electrification and Decarbonization AIE LP Fund (E&D Fund), a fund managed by Waratah Capital Advisors, a Toronto based investment house with $4B+ CAD under management.  US $500,000 payment made to Pinnacle Minerals in 2023 by E&D Fund for 25% offtake from Adina East. Royalty agreement (2% GRR) in place with Lithium Royalty Corp (LIRC:TSE)1.  Pinnacle's Australian Projects are in the favorable jurisdictions of Western Australia and South Australia. The projects are prospective for Uranium, Rare Earth Elements and Heavy Mineral Sands (Ilmenite).  Pinnacle has a tight capital structure, low enterprise value (EV), a supportive "top 20" and is highly leveraged to exploration success which Pinnacle aims to deliver via systematic and geologically rigorous techniques. 1 – LRC holds a 2% Gross Revenue Royalty over Adina East, Noranda Royalties Inc holds a 2% Gross Revenue Royalty over Adina East Abitibi Lithium Projects Quebec Heavy Mineral Sands Western Australia Adina East Lithium Quebec Uranium & REE’s South Australia EMERGING BATTERY & TECHNOLOGY METALS COMPANY IN TIER-ONE JURISDICTIONS 2 DISCLAIMER AND FORWARD-LOOKING STATEMENTS This presentation has been prepared by Pinnacle Minerals Limited and its related entities (the “Company”). It does not purport to contain all the information that a prospective investor may require in connection with any potential investment in the Company. You should not treat the contents of this presentation, or any information provided in connection with it, as financial advice, financial product advice or advice relating to legal, taxation or investment matters. No representation or warranty (whether express or implied) is made by the Company or any of its officers, advisers, agents or employees 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. 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). Neither the Company, nor its related bodies corporate, officers, their advisers, agents and employees accept any responsibility or liability to you or to any other person or entity arising out of this presentation including pursuant to the general law (whether for negligence, under statute or otherwise), or under the Australian Securities and Investments Commission Act 2001, Corporations Act 2001, Competition and Consumer Act 2010 or any corresponding provision of any Australian state or territory legislation (or the law of any similar legislation in any other jurisdiction), or similar provision under any applicable law. 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. It does not include all available information and should not be used in isolation as a basis to invest in the Company. Forward looking statements: this Presentation contains reference to certain intentions, expectations, future plans, strategy and prospects of the Company. Those intentions, expectations, future plans, strategy and prospects may or may not be achieved. They are based on certain assumptions, which may not be met or on which views may differ and may be affected by known and unknown risks. The performance and operations of the Company may be influenced by a number of factors, many of which are outside the control of the Company. No representation or warranty, express or implied, is made by the Company, or any of its directors, officers, employees, advisers or agents that any intentions, expectations or plans will be achieved either totally or partially or that any particular rate of return will be achieved. Given the risks and uncertainties that may cause the Company’s actual future results, performance or achievements to be materially different from those expected, planned or intended, recipients should not place undue reliance on these intentions, expectations, future plans, strategy and prospects. The Company does not warrant or represent that the actual results, performance or achievements will be as expected, planned or intended. Competent Person Statement The information in this presentation that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by William Witham, a Competent Person who is a Member of The Australasian Institute of Mining and Metallurgy. William Witham is a director of Pinnacle Minerals Limited. William Witham has sufficient experience that is 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 ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. William Witham consents to the inclusion in the presentation of the matters based on his information in the form and context in which it appears. EMERGING BATTERY & TECHNOLOGY METALS COMPANY IN TIER-ONE JURISDICTIONS 3 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 2021 and was at the Chamber of Minerals & Energy WA from 2013 to 2016. BSc (Geology) FFin MAusIMM BEng Mech (Hons), BSci (Phys/IT), GDip (Finance) GAICD • Nic Matich is a mechanical engineer and finance professional with over 17 years' experience in the resources sector. • His wide industry experience includes the provision of engineering, risk consulting and insurance services to numerous tier 1 mining companies with operations in lithium, iron ore, mineral sands and gold. • • Nic has helmed Pinnacle for 18 months having joined the company post IPO in 2022 overseeing the company's transition to a technology and battery metals explorer Previously Executive Director of Heavy Minerals Limited (ASX:HVY) that he led to listing on the ASX in 2021, and key driver of the company, delivering both a maiden resource and scoping study (NPV8 $253M) for the Port Gregory Project in his first twelve months there. Lincoln Liu Non-Executive Director Stephen Ross Non-Executive Director Maurice (Nic) Matich Managing Director • Geologist, independent consultant and public company director. • Has sourced significant investments for junior explorers and pre-development resource companies worldwide while holding international managing director and technical positions. • • 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. Currently Managing Director of Desert Metals, Chairman of lithium-brine developer Power Minerals Limited; and a director of Trigg Minerals Limited. BBus, MCom, MBA • For over 15 years, 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 resources sector and has worked extensively with growth companies including battery metals explorers and developers. • Founder of a Sydney based Corporate advisory firm. • Holds a Master of Commerce (Finance) from UNSW & and MBA from USYD. EMERGING BATTERY & TECHNOLOGY METALS COMPANY IN TIER-ONE JURISDICTIONS 4 PINNACLE MINERALS OUR PARTNERS Partners – Adina East Lithium Royalty Corporation (LRC) Royalty Portfolio4 Electrification and Decarbonization AIE LP (E&D Fund) Market Cap Net Asset Value Total Projects in Production Projects under Construction Development or Exploration Total Royalties Managed by Waratah Capital Advisors $4B+ Funds under Management (FUM) E&D Fund Investment Philosophy1 Waratah Electrification & Decarbonization Fund (“E&D”) is invested in high quality battery material and related EV and decarbonization investment opportunities. While the first wave of lithium developer value creation was substantial, it also came with enhanced volatility and high risk given the early stages of electrification. As the second phase of lithium project development occurs, with electrification inflecting to mainstream for the industry and investors, E&D is positioned to grow equity participation in lithium development companies and related sector opportunities. C$590 Million as at 11 March 2024 C$1,096 Million 3 3 29 35 Lithium Royalty Corporation (LRC)2,3 LRC is a lithium-focused royalty company with a diversified portfolio of royalties on mineral properties around the world that supply and are expected to supply raw materials to support the electrification and decarbonization of the global economy. Due to the increasingly broad deployment of EVs, LRC's focus to-date has been on the battery supply chain for the transportation industry. 1 – https://waratahadvisors.com/strategies/fund/electrification-and-decarbonization/ 2 – LRC holds a 2% Gross Revenue Royalty over Adina East, Noranda Royalties Inc holds a 2% Gross Revenue Royalty over Adina East 3 – https://www.lithiumroyaltycorp.com/about/company-profile/default.aspx 4 – https://www.lithiumroyaltycorp.com/home/default.aspx EMERGING BATTERY & TECHNOLOGY METALS COMPANY IN TIER-ONE JURISDICTIONS 5 CAPITAL STRUCTURE Capital Structure1 Top 10 Shareholders (Top 20 hold 62.3%)1 Shares on Issue 45,463,317 ED Spod 1 Corp* 9,088,117 19.99% Market Capitalisation at 8.1c / share $3.68m Mr. William Witham and Ms. Katherine Jensen <Acorn Family A/C> 2,400,200 5.28% Cash in bank2 $1.86m Exploration Resources Pty Ltd <Exploration A/C> 2,400,000 5.28% Enterprise Value $1.82m RWH Nominees Pty Ltd 2,400,000 5.28% Options on Issue 44,867,271 Seattle Capital Pty Ltd <Seattle A/C> 2,100,000 4.62% JCR Investments Co P/L <Adrian Venuti Family 3 A/C> 1,680,000 3.70% Vermillion Minerals Pty Ltd <Vermillion A/C> 1,500,000 3.30% Scintilla Strategic Investments Limited 1,389,250 3.06% Austanco Pty Ltd 765,000 1.68% Ms. Chunyan Niu 700,000 1.54% TOP 20 28,324,701 62.30% * ED Spod 1 Corp is a fund managed by Waratah Capital Advisors 1 – As of the 1st of April 2024 2 – Cash on hand as of the 31st of March 2024 EMERGING BATTERY & TECHNOLOGY METALS COMPANY IN TIER-ONE JURISDICTIONS 6 PINNACLE : We’re Charging Towards the Future EMERGING BATTERY & TECHNOLOGY METALS COMPANY IN TIER-ONE JURISDICTIONS 7 ADINA EAST HIGHLIGHTS 147 claims encompassing 72.7km2, located in the prolific James Bay "lithium" district of Quebec 75% project ownership, 25% held by Electrification and Decarbonization AIE LP (E&D Fund), a fund managed by Waratah Capital Advisors ($4B CAD under management) US $500,000 payment made in December 2023 by E&D Fund for 25% offtake from Adina East Adjacent to: Trieste Lithium Project (Loyal Lithium, LLI:ASX) Proximal to: Adina Lithium Project (Winsome Resources, WR1:ASX) La Grande Alliance eastern road will open up the Trieste greenstone belt and is mapped to pass through the Adina East Project EMERGING BATTERY & TECHNOLOGY METALS COMPANY IN TIER-ONE JURISDICTIONS 8 ADINA EAST THE FOCUS Adjacent to interpreted extension of the Trieste greenstone belt1 Loyal Lithium reported 31.8m at 2.2% Li2O in spodumene bearing pegmatite dykes starting < 5km from the western edge of the project2 Mapped as having a similar geological setting as the Trieste Lithium Project (LLI.ASX) - Targeting metasediments in greenstones3 Key “fractionation ratios” of K/Rb below 100 suggest the potential for a spodumene-bearing pegmatite to have been generated in the area Increasing Fractionation Significant rubidium enrichment, up to 658 ppm, indicative of an LCT fraction trend which is a precursor to lithium saturation. 1 – Pinnacle Minerals Geological interpretation and Loyal Lithium - https://loyallithium.com/trieste-lithium-project/ 2 – Loyal Lithium ASX Announcement 32st of March 2024 - "Dyke #05 " 3 – Pinnacle Minerals Geological interpretation and Loyal Lithium - https://loyallithium.com/trieste-lithium-project/ EMERGING BATTERY & TECHNOLOGY METALS COMPANY IN TIER-ONE JURISDICTIONS 9 ADINA EAST EXPLORATION PLAN LIDAR and Orthophoto survey to identify potential pegmatite outcrops and facilitate efficient and targeted fieldwork Prospecting / Rock chipping once targets identified Focus on Metasediments, similar to those where Loyal Lithium intercepted 31.8m at 2.2% Li2O Exploration timeline • LIDAR and Orthophoto – May / June 2024 • Field mapping and rock chip sampling – July 2024 • Diamond drilling or trenching of lithium targets – Q4 20241 Pegmatite outcrop2 Highly anticipated news flow from mid Q2 2024! 1 – Pending successful exploration campaign 2 – Example of successful identification of a pegmatite outcrop utilising LIDAR and Orthophotos (ASX:MRZ - Bohier Project) EMERGING BATTERY & TECHNOLOGY METALS COMPANY IN TIER-ONE JURISDICTIONS 10 CAPEL DEVELOPMENT OPPORTUNITY Brownfield, high quality ilmenite1 exploration / development project Previous drilling by Iluka delivered shallow HM mineralisation2 • 21m at 3.3% HM from surface (RB007) • 21m at 2.6% HM from surface (RB001) 2,000m drilling program expected to begin Q2 - 2024 Resource definition and concept study to progress immediately upon successful drilling campaign Synergies with global mineral sands miners operating in the region 1 – Based upon the previous exploration and mineralisation trends in adjacent projects 2 – Pinnacle Minerals ASX Announcement 20th March 2023 EMERGING BATTERY & TECHNOLOGY METALS COMPANY IN TIER-ONE JURISDICTIONS 11 WIRRULLA SOUTH AUSTRALIAN URANIUM Uranium and ionic absorption rare earth element potential in regionally significant Narlaby paleochannel Project is centred on a circular magnetic feature resembling a Mount Weld style intrusion High-grade uranium (U3O8) mineralisation at Yarranna1 and ionic absorption REE mineralisation at Boland2 hosted in the Narlaby palaeochannel which is mapped to cover an extensive footprint with-in the Wirrulla Project Satellite and radar imagery analysis has highlighted uranium (U3O8) mineralisation potential and defined a number of priority target areas Review of historical core underway, with XRF and assay results pending 1 – Open File Envelope No. 4010, Carpentaria Exploration Co. Pty Ltd, 1984 2 – Cobra Resources PLC (COBR.LON) LSE announcement dated 11th September 2023 EMERGING BATTERY & TECHNOLOGY METALS COMPANY IN TIER-ONE JURISDICTIONS 12 INDICATIVE TIMELINE1 CANADA (Lithium) Adina East - LIDAR Adina East - Field mapping and rock chip sampling Adina East - Diamond drilling / trenching of lithium targets2 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Abitibi (Lac Rug) - Field mapping and rock chip sampling SOUTH AUSTRALIA (Uranium and Rare Earths) Wirrulla – Historical drill core XRF & assays Wirrulla – Drill program permitting (PEPR) Wirrulla – Drilling uranium targets WESTERN AUSTRALIA (Mineral Sands) Capel – AC Drilling campaign Capel – Resource Definition3 Capel – Concept Study4 1 – Timeline is indicative and subject to change 2 – Pending successful identification of spodumene at Adina East 3 & 4 – Pending successful mineral sands drilling campaign EMERGING BATTERY & TECHNOLOGY METALS COMPANY IN TIER-ONE JURISDICTIONS 13 PINNACLE : We’re Charging Towards the Future EMERGING BATTERY & TECHNOLOGY METALS COMPANY IN TIER-ONE JURISDICTIONS +61 475 870 345 admin@pinnacleminerals.com.au www.pinnacleminerals.com.au 14