Prairie Mining : Company Presentation

GreenX Metals Limited

onlyPowering 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

only	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

		Claim costs are fully funded by Litigation Capital Management
use	• 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
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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

		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
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• 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

* Source: Litigation Capital Management 2021 Annual Report

CAPITAL STRUCTURE

as at 24 November 2012

231,355,089

Shares on Issue

A$51m / £29m / PLN158m

Undiluted Market Cap @ A$0.22

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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

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

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as nickel and PGM's

Copper demand rising

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

Copper supply in deficit

Copper consumption in the next 25 years

will be more than has ever been mined - new mines must open

Discoveries few and far between

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

There is no

decarbonisation without

copper

Goldman Sachs Global Investment Research

May 2021

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DR BELL IDENTIFIED AN ENTIRE NEW METALLOGENIC PROVINCE

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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

60,000km2

Oxidation boundary

6,000km2

Geophysics & geochemistry

Minik

Anomaly

640km2

Discovery Zone 6km2

Zig Zag Formation ?

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