ADVANCE METALS LIMITED — AGM Information 2016

May 4, 2016

PACIFIC AMERICAN COAL LIMITED

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5 May 2016

ASX Market Announcements Australian Securities Exchange

Chairman’s Address: Pacific American Coal Limited (ASX: PAK) Annual General Meeting 5 May 2016

I will quickly read my Chairman’s address as we have quite a busy agenda with 10 items for consideration and approval.

The reason we have ended up doing two sets of accounts and absorbing significant costs can be put down to external bureaucratic oversights. I’m pleased to say due very much to the efforts of Ian Morgan, we don’t have to put up with another mind numbing expensive effort in futility.

PAK has been very successful in both husbanding its scarce cash resources and optimising the value of its North American coal assets during one of the worst periods the North American coal industry has ever suffered. The fact that our 30% investment in GCI in Oklahoma has remained profitable over this period and we have announced a maiden JORC resource of 250 + million tonnes of high quality coking coal at Elko in BC is testament to the quality of our coal assets … yet their value remains significantly discounted, pending further recovery in world coking coal prices.

Your board has also been exploring ways and means whereby we could add value to our carbon assets. It became quickly apparent that the carbon product with the greatest potential in both of commercialisation and value enhancement is Graphene.

Whilst we have explored and will continue to explore the existing technology to enable direct Coal to Graphene, it became apparent that there were a number of other opportunities and technologies available, much closer to commercialisation

IMAGINE … the opportunities [excuse the play on words]

You now have before you a proposal which through a cash injection and a share exchange will allow us to become the major shareholder in a very exciting carbon based technology company, which has

• Outstanding prospects for commercialisation

• Outstanding people

• Outstanding technology

• Engendered outstanding market interest in its short life

We will give you a quick tour of Imagine’s attractions shortly.

So in conclusion

We have a wonderful asset in Elko the full value of which will emerge in the future but could be in the hundreds of millions of $’s

We have a fantastic opportunity to find and benefit from the commercialisation of carbon-based technology

We have the team to achieve the above

Thank you

Geoff Hill Chairman

LEVEL 14, 52 PHILLIP STREET SYDNEY NSW 2000 GPO BOX 3486 SYDNEY NSW 2001 WWW.PAMCOAL.COM

ABN 83 127 131 604 Tel: +61 (0) 2 9252 5300 Fax: +61 (0) 2 9252 8400

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2016 Annual General Meeting Corporate Presentation

ASX : PAK

5 May 2015

DISCLAIMER

This presentation has been prepared by Pacific American Coal Limited. (“PAK” or the "Company"). This presentation may not be reproduced, redistributed or passed on, directly or indirectly, to any other person, or published, in whole or in part, for any purpose without prior written approval of the Company. The material contained in this presentation is for information purposes only. This presentation is not an offer or invitation for subscription or purchase of, or a recommendation in relation to, securities in the Company and neither this presentation nor anything contained in it shall form the basis of any contract or commitment.

Any offering of any of the Company's securities to Australian persons will be subject to Australian securities laws. The distribution of this document in jurisdictions outside of Australia may be restricted by law, and persons in to whose possession this document comes should inform themselves about, and observe, all such restrictions. In Australia this document is only being provided to persons who are sophisticated investors, in accordance with section 708(8) of the Corporations Act 2001 (Cth) ("Corporations Act") and professional investors, in accordance with section 708(11) of the Corporations Act, or to such other persons whom it would otherwise be lawful to distribute it.

This presentation is not a financial product or investment advice. It does not take into account the investment objectives, financial situation and particular needs of any investor. Before making an investment in the Company, an investor or prospective investor should consider whether such an investment is appropriate to their particular investment needs, objectives and financial circumstances, seek legal and taxation advice as appropriate and consult a financial adviser if necessary.

This presentation may contain forward-looking statements that are subject to risk factors associated with exploring for, developing, mining, processing and sale of coal, and the development of graphene-based coatings for industrial textiles and fibres. Forward-looking statements include those containing such words as "anticipate", "estimates", "forecasts", "should", "could", "may", "intends", "will", "expects", "plans" or similar expressions. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a range of variables and changes in underlying assumptions which could cause actual results or trends to differ materially. The Company does not make any representation or warranty as to the accuracy of such statements or assumptions.

This presentation has been prepared by the Company based on information available to it as at 5 May 2016 and has not been independently verified. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of the Company or its subsidiaries or affiliates or the directors, employees, agents, representatives or advisers of any such party, nor any other person accepts any liability for any loss arising from the use of this presentation or its contents or otherwise arising in connection with it, including without limitation, any liability arising from fault or negligence on the part of the Company or its subsidiaries or affiliates or the directors, employees, agents, representatives or advisers of any such party.

Competent Person’s Statement

Previously Released Information

These ASX announcements refer to information extracted from reports available for viewing on the Company's website www.pamcoal.com

• 16.06.2014 TOCC Assets Independent Review

• 02.11.2015 Elko Coal Project Maiden JORC Resource 257.5 Million Tonnes

The Company confirms it is not aware of any new information or data that materially affects the information included in the original market announcements, and, in the case of exploration targets, that all material assumptions and technical parameters underpinning the exploration targets in the relevant market announcements continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings presented have not been materially modified from the original market announcements.

2016 Annual General Meeting

A company on the move

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Agenda

• GCI and the P8N Mine

• Elko Coking Coal Project

• Corporate matters

• Assets

• Costs

• Growth

• Back to the Chairman

GCI and the P8N Mine

Cash flow positive in thermal coal headwinds

Initial equity investment

• 30% equity acquired in GCI, owner of the P8N operating mine, for US$730k

• Positive relationship with Joint Venture Partner

• PAK contributed to the:

• equipment replacement program

• operational assessment and improvement

• operational reporting and governance

• PAK and Joint Venture Partner looked at complementary

investment opportunities in Oklahoma

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45,000 8
tonnes tonnes / man hr
40,000 7
35,000
6
30,000
5
25,000
4
20,000
3
15,000
2
10,000
5,000 1
0 0
Tonnes / man hr
Relative Tonnes per month
01/14 02/14 03/14 04/14 05/14 06/14 07/14 08/14 09/14 10/14 11/14 12/14 01/15 02/15 03/15 04/15 05/15 06/15 07/15 08/15 09/15 10/15 11/15 12/15
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Oklahoma
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Option for further investment

• Outstanding legacy liabilities at time the option expired in Dec 2015 to extend ownership to 80%

• PAK Board moved to divest its position in GCI

• Sale documentation is nearing finalisation

• PAK and GCI Joint Venture Partner continue to look for new opportunities to work together in the region

4

ELKO Coking Coal Project

Substantiates proven ability to discover high value assets at low costs

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• Company undertook a strategic asset review with industry experts to identify high value assets, Elko was chosen as a high priority asset.

• Commenced an extensive research project including datamining reports, field investigations, ground truthing and survey work

• We discovered a 257.5Mt JORC resource. Elko contains the second largest coal resource in the Crowsnest Coalfield behind Teck

• Coal seams have been tested extensively by 6 Japanese steel mills

• Nippon Steel & Sumitomo, JFE Holdings, Kobelco

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Coal Licence
418648
Coal Licence
418648
Canada
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JORC 2012 Resources (MT)	JORC 2012 Resources (MT)
Measured	19.2
Inferred	57.0
Indicated	181.3
Total Resource	257.5

Concept Design

Starting the concept design phase and planning for the next exploration program to advance Elko.

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ELKO also has quality

Favourable quality characteristics

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• The Elko Seams 5/6 & 7 compare favourably with benchmark coals from around the world, including Peak Downs

• Adjacent to the Elko Project, blending studies by Mitsui state a high quality coking coal product

• Market Focus of Elko Product will be the Asian Market, leveraging existing acceptance of Canadian Coal. Total Exports[+ ]

• Asia – 73.3%

• Europe and the Middle East – 13.3%

• US – 13.4%

+ 2011 Figures Coal Association of Canada

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26.00 11.00 0.70 9.00 76.00
0.60 75.00
25.00 10.00 8.50
0.50 74.00
24.00 9.00 8.00
0.40 73.00
23.00 8.00 7.50
0.30 72.00
22.00 7.00 7.00
0.20 71.00
21.00 6.00 6.50
0.10 70.00
20.00 5.00 - 6.00 69.00
VM (%) Ash (%) Sulphur (%) CSN Vitrinite (%)
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Elko Premium Low Vol HCC Elkview Mine HCC Peak Downs Mine

Sample Range

Corporate

Minimising cost, maximising benefit

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Assets

• PAK is divesting its interest in GCI and the P8N Mine

• PAK did not renew Peace River tenements as they did not meet our investment criteria

• PAK continues to hold a portfolio of metallurgical coal tenements that are in application status in Oklahoma

• PAK retains and continues to advance it’s 100% owned Elko Coking Coal Project.

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USD Spot Coking Coal
115
110
105
100
95
90
85
80
75
70
Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16
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Costs

• PAK has undertaken extensive cost cutting initiatives by minimising overheads, only approving essential travel, consolidating back office activities, limiting expenditure to those assets that meet internal investment requirements.

• PAK Q3 FY16 operating expenditure was only $175k

Growth

• Through a strategic review, PAK decided to diversify its investment portfolio

• PAK recently announced an investment proposal into carbon based technologies, through Imagine Intelligent Materials.

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PACIFIC AMERICAN COAL LIMITED

Opening up an exponen,al growth curve with graphene commercialisa,on

May 2016

A junior resource company specialising in coal

• Investment in thermal coal mine in Oklahoma, USA

• JORC resources of 258 Mt of coking coal in BriGsh Columbia, Canada the Elko Coal Project

• With the Imagine IM acquisiGon PAK will be a company

• at the culng edge of the graphene revoluGon

THIS WILL COMPLETELY CHANGE THE MARKET PERCEPTION

• No longer will it be a company waiGng for the cycle to turn

• It will not be a straw hat in winter

• It will be opening up an exponenGal growth curve

• Income will come from licences and royalGes

• Asset growth will come though the building of IP and know-how

• And the sleeping coal asset will increase in value

Details of the Deal

1. PAK raises $1.5m via a placement at 4.8¢

2. PAK invests $1.25m in Imagine IM to achieve 20% holding

3. shareholders to lio its stake to 40%

THIS PROVIDES IMAGINE IM AND SHAREHOLDERS WITH …

1. Immediate funding to conGnue graphene applicaGons development

2. A strong and supporGve shareholder

3. Enhanced ability to raise funds as and when needed

5. Tradeability of shares for the proporGon of shares swapped

6. A logical path for 100% share swap at some point in 2016/17

Pro Forma Capital Structure

SECURITIES	NUMBER
PAK shares on issuepre Imagine IM acquisiGon	83,005,899
$1.58 million capital raising	33,000,000
$1.25 million Share Exchange	26,100,000
Total Shares on issuepost Imagine IM acquisiBon	142,105,899
Total OpBons on issue by PAK pre and post Imagine IM acquisiBon	53,383,589

7

Use of Funds

	$
Cash at Bank 31 Dec 2015 – Prior to Raise	1,291,000
Funds Raised	1,584,000
Total Funds Available	2,875,000
Imagine IM AcquisiGon	1,250,000
General and administraGon costs	1,498,000
Cost of Raise	127,000
Total Use of Funds	2,875,000

8

What is so good about graphene?

and Why Imagine Intelligent Materials Pty Ltd (“Imagine IM”)?

Graphene’s extraordinary qualiBes

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THINNEST MATERIAL KNOWN TO MAN

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LARGEST SURFACE AREA STRONGEST MATERIAL EVER STIFFEST KNOWN
TO VOLUME RATIO MEASURED MATERIAL
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MOST STRETCHABLE IMPERMEABLE TO GASES CRYSTAL

RECORD THERMAL BEST CONDUCTOR OF CONDUCTIVITY ELECTRICITY

10

Imagine IM – What does it do?

• Primary focus is to develop graphene based product soluGons for high volume applicaGons with known and quanGfiable market demand

• IdenGfying applicaGons and opportuniGes

• Providing reliability and quality assurance

• A private company that has been operaGng for about 2 years

• Strong contacts with universiGes – esp. Wollongong, Deakin and Swinburne

• IP covering graphene based conducGve coaGngs

Imagine IM intends to become the leading ; graphene solutions company by

• Managing, cerGfying and moneGzing the enGre graphene supply chain

• Managing research as a part of the soluGons supply chain and leveraging the best science

• Licencing the use of its trademarks to enable products to be trusted by customers

• CreaGng high value licensable packages of intellectual property that include patents, know-how, trade secrets and trade marks

• Focus on high volume product applicaGons

• Capturing value from producGvity enhancements

13

3 Pillars Business Model

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Certification

• Different manufacturing processes & raw materials means different functionalities

• Chemical characterization is essential to ensure replicability at scale in manufacturing

• Generates independent revenue stream

• Licensing

• Geotextile company pays royalty on sales

• Coatings companies/graphene suppliers pay royalty

Manufacturing

• Graphene and masterbatch manufacturing ensures we maintain trade secrets and capture maximum revenues and margins

Graphene

• All require certification of graphene products

14

Imagine IM – Who is it? – The Executive Team

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Chris Gilbey – CEO and Executive Director

Chris Gilbey is an entrepreneur focused on IP based businesses. He was CEO of digital signal processing company, Lake Technology (ASX). He sold Lake to Dolby and became their global consumer strategy advisor. He then co-found internet video metrics company, Vquence, which he sold in 2013. He was Entrepreneur in Residence at the ARC Centre of Excellence in Electromaterials Science where he spun out Aquahydrex, a water splitting company. He is Honorary Principal Fellow, at the Sydney Business School.

Phillip Aitchison (COO/Head of R&D)

Phillip is a research executive, IP specialist and materials scientist with 15 years' experience in bleeding-edge start-ups. He has a Doctorate in Chemistry awarded jointly by both the University of Montpellier, and Victoria University of Wellington. He has over 20 years experience in applied materials science focusing on energy storage, notably lithium-ion batteries and supercapacitors.

Mark Ollila (Chief Scientific Officer/US Operations)

Mark Ollila is a seasoned executive in total product offerings combining hardware, software, services and experiences with over 15 years of experience in the wireless, games, services, consumer devices industry. He led the long-term roadmap and innovation portfolio at Nokia Smart Devices. His interests are in wearable technologies, sensors, mobile platforms, services, big data and new entertainment formats. Mark has a Phd in Computer Science and an EMBA from London Business School.

John Bell (CFO)

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John is a globally experienced finance, strategy and operations executive with experience over a wide range of IP based industries including audio technology, medical devices, and renewable energy and has extensive experience in manufacturing. John spent four years with a major investment bank as an analyst covering communications and technology and has been involved in capital raising in the US, UK, Europe and Asia and via IPO’s in Australia and UK. John has a BSc (Hons) from Aston University, is a Fellow of both CIMA and CPA Australia and a Chartered Global Management Accountant.

Dave Giles-Kaye (Chief Licensing Engineer)

Dave has a background in technology development and manufacturing in textiles and clothing, sports and new materials. He worked in business development and in R&D with WL Gore and Associates (inventors of GoreTex). More recently Dave was CEO of Australian Defence Apparel. He is non-executive chairman of the Council of Textile and Fashion Industries of Australia and has been a consultant with the Manufacturing Excellence 15 Taskforce of Australia (META).

Imagine IM – Who is it? – The Scientific Team

Grant Mathieson

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Grant Mathieson is a serial inventor and prototyper, with recent sensor development and field installation experience in mine site and water remediation applications. He invented the “back contact” dye sensitized solar cell that was at the heart of a water splitting company spun out from the University of Wollongong. Grant is currently developing hydrophilic graphene membranes for NanoCarbon,. He has a BSc (Hons) in Physics from the University of Otago, NZ, and a PhD in both Chemistry and Materials & Porocess Engineering from University of Waikato NZ

Robert Gorkin

Robert Gorkin is an expert in commercialisation of micro and nano technologies. His background includes experience at world class institutes, international corporations and entrepreneurial startups in the US, Canada, India, Malaysia, South Korea, Ireland and Australia. He received a PhD in Biomedical Engineering from the University of California in 2010 and is pursuing an MBA.

Dennis Antiohos

Dennis Antiohos was awarded with a double degree in Photonics and Nanotechnology in 2008. In 2009 and 2010 he worked as a Process Engineer and in Continuous Improvement. In 2013 he completed a PhD in Energy Storage at the Intelligent Polymer Research Institute, ARC Centre of Excellence for Electromaterials Science. His research interests include composite materials for use in energy storage and conversion, as well as technology commercialisation.

Jun Chen

Jun Chen is an Associate Professor at IPRI/ACES/AIIM, University of Wollongong, with extensive experience in materials science, sustainable energy, and green technology. He was awarded a PhD in Materials Chemistry in 2003 by The University of Wollongong. Jun’s research fields and skills focus on the development of hybrid materials and technology for energy storage and conversion.

16

Imagine IM – Who is it? – The Advisors

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Ed Schummer (Intellectual Property Licensing Advisor)

Ed is one of the leading experts in developing licensing models. He was the Senior Vice President (Consumer Division) of Dolby Laboratories and was responsible for developing their multi-channel licensing model. He has served on a number of patent pool boards and has extensive network within the consumer electronics and high technology industry worldwide.

Aki Goto (Chairman: Scientific Advisory Panel)

Mr. Goto was President and Chief Executive Officer of SANYO Semiconductor Corporation after having served as Executive VP (1983 – 1993). After retiring from SANYO, Mr. Goto co-founded Takumi Technology Corporation, a venture backed semiconductor company based in California, which he sold in 2011. Mr Goto has a B.S. in Electronics Engineering from Tamagawa University in Japan and an M.B.A. from Santa Clara University, California, USA.

Professor David Officer (Scientific Advisor/NanoCarbon Graphene Accreditation Lab)

Professor David Officer is a leading research scientist. He leads research into solar projects at the CRC for Polymers and is a member of the management committee there. His research expertise is in the field of porphyrin synthesis, dye sensitized solar cells and the functionalisation of carbon nanotubes. He was previously Director of the Nanomaterials Research Centre, set up to develop “intelligent materials” building new materails from the bottom (i.e. molecular level) up.

Drew Williams

Drew is a taxation and commercial lawyer with an extensive history in public company acquisitions & mergers, and has been involved in funding and commercialising early stage high-technology ventures acting variously as adviser, mentor, funder or portfolio manager. He is a director of three emerging high technology companies and has been an ‘angel’ investor in several domains. He is a member of the Due Diligence Panel of the Federal Government funded Australian Technology Showcase.

17

Imagine IM – What are its Projects?

1. GeotexGles for high-volume civil engineering & infrastructure

• a. increasing regulaGons

• b. Water management: roads, industrial sludge, mining, building projects

• c. Large scale IOT industrial sensors to provide real Gme monitoring of stress

2. Health e-texGles

• a. Smart water wicking materials for sports and athleGcs

• b. Moisture and movement sensing for smart bedding

3. Water management

• a. Agricultural texGles for irrigaGon

• b. Managed release ferGlizer fabrics

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TargeGng US Leak DetecGon Market

• Target applicaGons

• Mining tailing ponds

• Water storage systems

• North America geotexGle market

• 733 million yd[2] *

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• US ConducGve geotexGle market opportunity > 40 million yd[2 ] and growing >10%**, driven by increasing regulaGon in waste management

• Fredonia report 2014.

• ** Marketsand Markets 2018 and direct market intel

20

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Moving Beyond Leak DetecGon

Leak DetecBon Wicking Sensing • • Improve wicking • Infrastructure Superior product at lower cost performance of highsensing systems • • Low R&D Cost strength wicking Detect stress, texGles temperature, • Quick to market • Lab demonstrated moisture • faster dewatering in ApplicaGons treated geotubes beyond geosyntheGcs

21

GeotexBles – The Market Entry Point

Market Snapshot

• $18 billion global revenues by 2018

• Environmental regulaGons & standards driving growth

• Waste management and mining fastest growth areas

• Managing liquids highest value applicaGon.

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Source: Markets And Markets 2014
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RaBonale for Imagine IM

• Licensing revenue from this verGcal alone projected to deliver > $160M p.a. with gross margin > 50%

• Platorm technology will be re-deployed into smart apparel (sportswear, defence)

• extension products so minimal biz dev

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22

DISCLAIMER

passed on, directly or indirectly, to any other person, or published, in whole or in part, for any purpose without prior wriWen approval of the Company. The material contained in this presentaGon is for informaGon purposes only. This presentaGon is not an offer or invitaGon for subscripGon or purchase of, or a recommendaGon in relaGon to, securiGes in the Company and neither this presentaGon nor anything contained in it shall form the basis of any contract or commitment.

jurisdicGons outside of Australia may be restricted by law, and persons in to whose possession this document comes should inform themselves about, and observe, all such restricGons. In Australia this document is only being provided to persons who are sophisGcated investors, in accordance with secGon 708(8) of the CorporaGons Act 2001 ("CorporaGons Act") and professional investors, in accordance with secGon 708(11) of the CorporaGons Act, or to such other persons whom it would otherwise be lawful to distribute it.

needs of any investor. Before making an investment in the Company, an investor or prospecGve investor should consider whether such an investment is appropriate to their parGcular investment needs, objecGves and financial circumstances, seek legal and taxaGon advice as appropriate and consult a financial adviser if necessary.

This presentaGon may contain forward-looking statements that are subject to risk factors associated with exploring for, developing, mining, processing and sale of coal. Forward-looking statements include those containing such words as "anGcipate", "esGmates", "forecasts", "should", "could", "may", "intends", "will", "expects", "plans" or similar expressions. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainGes, assumpGons and other important factors, many of which are beyond the control of the Company. It is believed that the expectaGons reflected in these statements are reasonable but they may be affected by a range of variables and changes in underlying assumpGons which could cause actual results or trends to differ materially. The Company does not make any representaGon or warranty as to the accuracy of such statements or assumpGons.

No representaGon or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the informaGon, opinions and conclusions contained in this presentaGon. To the maximum extent permiWed by law, none of the Company or its subsidiaries or affiliates or the directors, employees, agents, representaGves or advisers of any such party, nor any other person accepts any liability for any loss arising from the use of this presentaGon or its contents or otherwise arising in connecGon with it, including without limitaGon, any liability arising from fault or negligence on the part of the Company or its subsidiaries or affiliates or the directors, employees, agents, representaGves or advisers of any such party.

Competent Person Statement

The informaGon in this document that relates to JORC 2012 Resources based on informaGon compiled by Mr. Dwight Kinnes, B.Sc Colorado State University, Geology, who is a Member of a Recognised Overseas Professional OrganisaGon (ROPO) included in a list promulgated by the ASX from Gme to Gme, being the Society for Mining, Metallurgy, and ExploraGon and American InsGtute of Professional Geologists – Cert. No. 10244.

Mr Kinnes is Principal Consultant/President of Highland GeoCompuGng, LLC and has sufficient experience which is relevant to the style of mineralisaGon and type of deposit under consideraGon by them and to the acGvity which they are undertaking to qualify as a ‘Competent Person’ as defined in the 2012 EdiGon of the Australasian Code for ReporGng of ExploraGon Results, Mineral Resources and Ore Reserves (JORC Code 2012). Mr Kinnes consents to the inclusion in the report of the maWers based on his informaGon in the form and context in which it appears.