Presentation for UK Mining Conference

News & Media

Summary

High-grade battery metals project in Aberdeenshire, Scotland
Good jurisdiction, excellent infrastructure
Discovered in early 1970s by Rio / Goldfields JV – no work for the last 50 years
2023 Mineral Resource Estimate: 4.3Mt @ 0.72 % Ni Eq. (inc. 2.9Mt @ 0.9 %Ni Eq.)
Resource comes to surface – shallow and open along strike and to depth
Multiple untested coincident magnetic and geochemical soil anomalies nearby

2024 work programme (subject to funding):

6,000m of drilling – objective to at least double the current Mineral Resource Estimate
Metallurgical testwork
Begin planning process
Prepare for IPO

Overview

• 100% ownership of the Rodburn Nickel Project, NE Scotland

• Rio / Goldfields JV (“EVL”) defined a non-compliant resource in 1973

• Peak Nickel drilling in 2023 confirms larger & higher-grade MRE, open in all directions

• 2023 drilling: best Ni-Cu-Co-PGE intercepts ever drilled in the UK

• Cobalt grades to 0.24% (not previously analysed for by EVL)

• Multiple untested drill targets within 2 Km of the resource

• Emerging as one of the highest-grade battery metal resources in Europe

Project Location

• Power, road, rail, Aberdeen port & Inverness freeport nearby

• Exclusive ~250km2 Crown Estate Mines Royal Option in NE Scotland

• Exclusive landowner agreements over strike & dip extents of the Rodburn Mineral Resource plus other untested targets

Support for Domestic Minerals Development

Examples in Scotland:

• Cononish gold mine – granted planning permission to operate inside a National Park

• Within 10km of Rodburn, recently approved development / expansion of major roadstone quarries

• Local Council Development Plan confirms Rodburn resource & strike extents are protected sites:

• Safeguarded Mineral Resource – Rodburn Mineral Resource – local planning policy does not generally allow any other form of development (other than mining)

• Area of Search for Minerals – Resource and strike extents – mineral potential of the areas should not be sterilized by inappropriate development

Recent Developments in Scottish Nickel Exploration

Aberdeen Minerals Ltd. is actively exploring the Arthrath nickel project, located 30 miles to the east. In 2024 Aberdeen concluded an investment agreement with London-listed Central Asia Mining Ltd., whereby CAML would invest an initial £3 million for 28.7% of AML. CAML investment is a strong endorsement of the potential for nickel projects in Aberdeenshire

2023 Drilling Results

First drilling on the project for over 50 years = new resource >2,600m completed in 2023. Intersected numerous wellmineralised sulphidised intrusions.

Resource Confirmation Drilling (Section A-B)

	Mt	Ni (%)	Cu (%)	Co* (ppm)	NiEq. (%)
Global	4.3	0.54	0.28	364	0.72
Incl.	2.9	0.67	0.35	457	0.90

RBD002
Massive, semi-massive & disseminated sulphide:
17.0m @ 1.16% Ni, 0.51% Cu, 0.08% Co, (1.45% Ni equiv.)

RBD004: 75m down-dip of RBD002.
High-grade MS & SMS: 12.2m @ 1.41% Ni eq. incl.

5.97m @ 1.92% Ni, 1.5% Cu, 0.12% Co (2.63% Ni equiv.) plus
4.4g/t Ag, 0.2g/t Au, 80ppb Pd.

New Results – 2023 Drilling

RBD009:
13.79m @ 1.39% Ni, 0.53% Cu, 0.08% Co from51.6m depth (1.7% Ni equiv)

incl. 5.4m @ 2.04% Ni, 0.56% Cu, 0.10% Co from60m (2.4% Ni equiv.)

60m step out into main high-grade shoot zone;open down-dip and along strike NE

New Results – 2023 Drilling

RBD009:
13.79m @ 1.39% Ni, 0.53% Cu, 0.08% Co from51.6m depth (1.7% Ni equiv)

incl. 5.4m @ 2.04% Ni, 0.56% Cu, 0.10% Co from60m (2.4% Ni equiv.)

60m step out into main high-grade shoot zone;open down-dip and along strike NE

Potential to Rapidly Increase the MRE

Two mineralised zones drilled by PNL(Sections A-B and C-D); geologically similar & 600m apart

Wide Open – no drilling yet conducted to confirm a link between them, or the strike & down-dip potential of either

Mineralised structures over 3km long, numerous other large targets within2km of resource

Section A –B: Southern Zone

Continuous from surface

“Conduit / Feeder zone”- style mineralisation; similar to modern world-class nickel discoveries

Last hole extends resource 100m down-dip of the best intercept –still wide open along strike and to depth

Significant increase in resource potential confirmed from limited drilling

Section C –D: Northern Zone

Continuous from surface

Thick “Conduit / Feeder zone”-style with higher grade zones of massive sulphide

Only drilled <70m vertical depth

V. shallow dip: not yet tested up-dip or down-dip or both strike directions

Bulk tonnage target to significantly increase resource at Rodburn

South Zone Resource (Open) South Zone Resource (Block Model & planned drilling)

NB: bottom-loaded Ni distribution & high-grade zone wide open down plunge

2024 Resource Expansion Drill Plan

Drill ready:

•Southern zone open in both strikedirections

•Main high-grade shoot; dipextension NNE

•Northern zone strike and dipextensions

Team & Corporate Structure

Chris MacKenzie, Managing Director

Chartered Geologist (CGeol) with BSc (Hons) degree in Geology from Portsmouth,UK and MSc in Exploration Geology from Rhodes University, South Africa.

35 years+ of extensive global experience, including underground and open-pit Ni-Cu-Co-PGE mining & exploration, resource discovery, private company formation,growth and value creation through listing.

Richard Williams, Director

Highly experienced mining company executive with a BSc (Hons) degree inGeology from Portsmouth, UK and a Masters degree in Mineral Exploration fromQueen’s University, Canada.

Mr Williams has 35 years+ experience in minerals development, from exploration to mining, including most notably in his recent role as CEO of British tin developer, Cornish Metals Inc.

Tony Williams, Senior Advisor

Mr. Williams has over 40 years’ experience as a mining geologist and investment banker. Chairman of Dragon Group.

Previously co‐founded & led the natural resource group at Yorkton Securities. Has raised over US$10 billion in equity and debt financing for mineral development projects worldwide.

Founders, management, insiders

Ormonde Mining

Summary

Highest-grade battery metals project in UK, one of the highest grade in Europe

2030 UK nickel demand requires a ~12-fold increase in imports

Management with extensive experience in nickel and advancing UK projects

2023 drilling confirmed high-grade near-surface Ni-Cu-Co resource

Still open to depth and along strike – plenty of room to grow

Numerous other soil/geophysical targets to test in addition to known resource

More detail available under Confidentiality Agreement – info@peaknickel.co.uk

Disclaimer
This presentation may contain forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of Peak Nickel Ltd. (“PNL”) to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements may include statements regarding exploration results and budgets, resource estimates, work programmes, strategic plans, market price of precious and / or base metals or other statements that are not statements of fact.

Although PNL believes the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Various factors that may affect future results include, but are not limited to: fluctuations in market prices of metals, foreign currency exchange fluctuations, risks relating to exploration, including resource estimation and costs and timing of commercial production, requirements for additional financing, political and regulatory risks, and other risks. Accordingly, undue reliance should not be placed on forward-looking statements.

All technical information in this presentation has been reviewed and approved for disclosure by the Managing Director of PNL; Mr. C. MacKenzie, M.Sc., C.Geol (“CM”). CM has acted as a Qualified Person, under Canadian National Instrument NI 43- 101 Standards of Disclosure for Mineral Projects, and a Competent Person under JORC 2012. Whilst not independent, CM has approved the technical disclosure and is responsible for the technical information in this presentation. $/t or %Ni-equivalent values calculated by the independent QP signing off on the resource used $19,000/t Ni, $8,500/t Cu, $28,000/t Co, using the formula Ni% + (0.447 x Cu%) + (1.474 x Co%) and excluded any precious metal credits.