Pine Bay

Overview

• Existing high-grade resource
• Since the Rainbow Deposit discovery in August 2020, Callinex has drilled 71 drillholes for a total of 40,000m into the deposit area
• Callinex believes Rainbow to be one of the highest-grade copper deposits on a global basis, which is consistent with deposits discovered within the Flin Flon mining district

Pine Bay Project 2023 Mineral Resource Estimate (1.3%CuEq NSR cut-off)

Category	Tonnes  (Mt)	Cu (%)	Au (g/t)	Zn (%)	Ag (g/t)	Pb (%)	Cu Eq (%)
Indicated – Rainbow	3.442	3.14	0.34	0.75	6.26	0.03	3.59
Inferred – Rainbow	1.282	2.55	0.27	0.69	5.39	0.03	2.95
Inferred – Pine Bay	1.006	2.62	-	-	-	-	2.62