AUSTIN METALS LIMITED — AGM Information 2017

Nov 20, 2017

ABN 68 130 933 309

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Silver City Minerals

AGM November 2017

Important Disclaimer

This presentation is provided to you for the sole purpose of providing background technical, financial and other information to enable you to review the business activities of Silver City Minerals Limited (“Silver City”. “SCI” or the “Company”). This presentation contains forward looking statements concerning Silver City Minerals Limited. Forwardlooking statements are not statements of historical fact and actual events and results may differ materially from those described in the forward looking statements as a result of a variety of risks, uncertainties and other factors. Forwardlooking statements are inherently subject to business, economic, competitive, political and social uncertainties and contingencies. Many factors could cause the Company’s actual results to differ materially from those expressed or implied in any forward-looking information provided by the Company, or on behalf of, the Company. Such factors include, among other things, risks relating to additional funding requirements, metal prices, exploration, development and operating risks, competition, production risks, regulatory restrictions, including environmental regulation and liability and potential title disputes. Forward looking statements in this document are based on Silver City’s beliefs, opinions and estimates of Silver City Minerals as of the dates the forward looking statements are made, and no obligation is assumed to update forward looking statements if these beliefs, opinions and estimates should change or to reflect other future development. Nothing in this material should be construed as the solicitation of an offer to buy or sell SCI securities.

Competent Person

Information in this document that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Christopher Torrey, who is the Managing Director and full-time employee and shareholder of Silver City Minerals Limited, and a Member of the Australian Institute of Geoscientists. Mr Torrey has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking 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”. Mr Torrey consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Attractive Investment ro osition p p

• Large tenement position at Broken Hill (≈1000 km2)

• Key projects: Copper-Gold (Cobalt) and Zinc close to Broken Hill

• Broken Hill home to worlds largest Zinc-Lead-Silver Deposit. Has long mining heritage – birthplace of BHP Billiton and Rio Tinto

• Excellent infrastructure and JV partner with mill in Broken Hill

• Global zinc deficit and upswing in copper price

• Pipeline of news flow to come

Company snapshot

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Top shareholders
0.07 Silver City Minerals Silver City Minerals
Jennings Family
0.06 Investments 3.6%
0.05
0.04 SCI Directors 3.6%
0.03
Upsky Equity Pty 3.6%
0.02
0.01 HSBC Custody
2.6%
Oct-2016 Jan-2017 Apr-2017 Jul-2017 Nominees
ASX:SCI Calm Holdings Pty Ltd 2.5%
Mr John Henry Toll 2.3%
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Key metrics	Key metrics	Key metrics	Key metrics
Market cap(at 4 cents)	$7.9m	Cash on hand(at 30 September 2017)	$1.2m
52-week high	6.3¢	Top 20 shareholders	37.2%
52-week low	1.6¢	Shares on issue (No.)	196.2m
30-day average volume	2.96m	Unlisted Options	28.2m

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ASX COPPER EXPLORERS – AUSTRALIAN PROJECT
MARKET CAP $M
120
100
80
60
40
20
0
RCP MTH ADN PUN HOR EYM RDS SCI ENT HMX GTE HLX ENR SVY MEP AUR RDM KGL PEX
SILVER CITY MINERALS LIMITED
$ Millions
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Board of Directors

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Bob Besley Chairman

Geologist with over 40 years experience in mining and exploration. Founder and original Managing Director of CBH Resources Limited. Bob took that company from inception as a junior explorer to a large zinc, lead and silver producer with a peak market cap of $600m. Currently Chairman of Image Resources Limited.

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Chris Torrey Managing Director

Geologist with over 35 years experience in international mineral exploration. Senior management and consulting roles with CyprusAmax, ASX-listed Golden Cross Resources, USlisted Golden Minerals and Apex Silver. Past Chairman of Golden Cross Resources.

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Greg Jones Non-Executive Director

Greg is a geologist with 35 years exploration and mine operational experience. Senior management roles with Western Mining and Sino Gold. He currently holds directorships with ASXlisted companies; Moly Mines, Eastern Iron Limited and Thomson Resources. Greg is the Executive Technical Director of Variscan Mines Limited.

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Josh Puckridge Non-Executive Director

Josh is a Corporate Finance Executive formerly working as a specialist Equity Capital Markets Advisor for Fleming Australia, a Corporate Advisory and Funds Management firm. He has significant experience within funds management, capital raising, mergers, acquisitions and divestments of projects by companies listed on the Australian Securities Exchange.

SILVER CITY M . INERALS LIMITED

Silver City minerals projects

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Broken Hill tenements

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• Large tenement position

• Copper-Gold (Cobalt)

• Zinc-Lead-Silver

• Excellent infrastructure; mining centre

• Joint venture arrangements with CBH Resources and Impact Minerals

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Project highlights

• Copper Blow and Razorback West

• Both significant geochemical anomalies under cover

• Both with mineralised drill intersections

• Both within 20km of a sulphide treatment plant

• Copper Blow in JV with CBH Resources (75/25, SCI/CBH)

• Razorback West 100% SCI

Copper Blow Key Features

High grades in SCI holes (approx 2700 metres)

• 4 metres at 6.1% copper, 4.23 g/t Au, 13 g/t Ag and 220 ppm cobalt from 188 metres (hole 17CB041) including:

  • 1 metres at 11.3% copper, 10.7 g/t gold, 25 g/t silver and 405 ppm cobalt from 191 metres

• 8.2 metres at 1.9% copper and 0.53 g/t gold 131.8 metres (hole 17CB043)

• 2 metres at 2.4% copper, 0.8 g/t gold, 5 g/t silver from 162 metres (hole 17CB041)

• 7 metres at 3.7% copper and 1.07 g/t gold from 126 metres (hole 15CB045) including:

• 3 metres at 7.4% copper and 2.38 g/t gold from127 metres

• High grades in historic holes

• 11.8 metres at 6.7% copper and 1.92 g/t gold

• 3 metres at 4.6 % copper

 2.7 metres at 5.7% copper and 4.2 g/t gold

Results in ASX Releases 4[th] May 2017, 19 June 2017 and 26 and 27 Sept 2017, 5[th] October 2107, 26 October, 2017, 16 November 2017. SILVER CITY MINERALS LIMITED

Mineralisation Styles

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Drill core samples within intersections of +5% copper

Copper Blow exploration

• Eleven SCI holes completed

• Copper-gold mineralisation, some cobalt

• 6 kilometres of strike potential

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Copper Blow Drilling

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Copper Blow Drilling

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Copper Blow South Cross-Section

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Copper Blow North Cross-Section

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Copper Blow Longitudinal Section

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New Tar ets g

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Regional Longitudinal Section

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Results in ASX Releases 1 November 2017, 16 November 2017

Razorback West Gravit y

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New ro ects p j

• Yalcowinna EL

• Copper and Copper-Cobalt belt over 25km

• 11 prospects

• High grade rock chip samples eg Yalcowinna Creek

• Copper: 11.9%, 6.9%, 4.6%, 3.7%

• Cobalt: 1650 ppm, 1500 ppm, 1200 ppm

• Best results 37.7% Copper and 0.23% Cobalt

Previous reports pertaining to this project include PlatSearch (ASX:PTS) Release 9 January 2006, Quarterly Reports ASX:PTS March 2006, Jume 2006 and March 2007 and SCI Releases 21 November 2012 and 17 October 2017.

Yalcowinna Creek

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Elevated copper and
cobalt in gossans over
700 metres strike
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Yalcowinna

Creek

• Gossans outcrop and host elevated copper-cobalt

• RAB drilling is area of cover shows open copper (and cobalt) anomaly extends north-south for over 1.5 km

• Historic Drilling of N-S trend shows broad zones (20 to 40 metres) of copper cobalt at grades 0.1 to 0.4 copper and 100 to 800 ppm cobalt

• NW-trending RAB anomalyuntested feeder zone

Next steps

Work Program

Item	Comment
Copper Blow	• Geophysics: Ground gravity, magnetics (continues) • Follow-up RC and diamond drilling
Razorback West	• Geophysics: Detailed ground gravity survey • Follow-up RC and diamond drilling
Yalcowinna	• Prospect sampling and ranking • Ground IP surveys (Yalcowinna Creek) • First pass RC drilling

Anticipated Milestones

Copper Blow	Copper Blow
	New round of drilling		Follow-up RAB and RC		Follow up drilling of
	before year end		and diamond drilling of		RAB anomalies
	High quality drill		geophysical targets		Detailed resource
	targets				drilling
Razorback West
	Ground geophysical		RAB and RC drilling of		Detailed resource
	surveys to assist drill		geophysical targets		drilling
	target definition
Yalcowinna
•	Field geology and	•	Ground IP surveys		RC	and diamond
	sampling. Project	•	RAB and RC drilling		drilling
	ranking
	Nov		Dec-March			April-Sept

Summar y

• Company-making opportunity in both Zinc and CopperCobalt

• Two existing sulphide treatment plants within 20km

• Supportive JV partner

• Broken Hill Mining Centre: ready access to infrastructure and workforce

• SCI attractively priced with low market cap

• Multiple activities and milestones in next 12-months

ABN 68 130 933 309

Level 1, 80 Chandos Street St Leonards NSW 2065 Australia +61 2 94371737

www.silvercityminerals.com.au