CASSIUS MINING LIMITED — Investor Presentation 2017

Mar 5, 2017

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Company Update

6 March 2017 ASX Code: GLF

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• During the first two months in 2017, Gulf Industrials:

• Entered into a project earn-in agreement with Cassius Mining Limited in a licensed gold exploration project in an area that is attracting increasing interest in the investment community.

• Completed a capital raising through private placement raising over $7.4 million at $0.008. This means Gulf is well resourced to surge through the exploration phase and initial drilling programs on the Gbane Project as well as implementing the recommended development strategy on the Company’s Limestone asset.

• Hosted an independent expert’s on-site visit in Ghana.

• Made significant appointments to the Gbane Project Operations team.

• Has overseen a detailed soil sampling and mapping program in preparation for the advancement of the exploration program to the drilling stage.

• Is in advanced stages of finalizing a Notice of Meeting (and accompanying Independent Expert’s Report) to be dispatched to shareholders.

• Thoroughly reviewed and negotiated a series of proposals for the work program on the Company’s Limestone Asset in Madagascar.

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Gbane Project - Maps

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 This is where we are…..
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Diagram 1:

Diagram 2:

Shows the Gbane Project area relative to the historical workings of artisanal miners and indicative mineralisation structure and its the proximity to the operating Shaanxi mine and Australian exploration company Cardinal Resources Limited’s Namdini Project.

The Gbane Project area and the surrounding areas where Gulf has secured options to acquire to expand the Gbane Project subject to 3 exploration results.

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The Gbane Project (pronounced Ba-nee )

• The Gbane Project covering an area of 4.37km[2] within a Large Scale Prospecting License area, and is directly adjacent to the well established and gold producing Shaanxi Gold Mine (“ Shaanxi ”).

• The Gbane Project is also located along the strike from Australian miner Cardinal Resources Limited’s Namdini Project. The Namdini Project area is circa 1.23km[2] in area.

• Cardinal Resources [ASX Code: CDV], raised over $22M (in July 2016) for drilling at the Namdini Project. Cardinal is currently moving ahead with their drilling and resource delineation program at Namdini as well as on-going regional exploration.

• This further supports the conclusion that the Gbane Project is situated in a highly endowed and strike extensive gold mineralised system.

• Cardinal currently have a market capitalisation of ~$120M. Gulf’s current market capitalisation is $29M.

• Gulf, through the payment of the vendor consideration (as partial reimbursement of funds spent), and the earn-in investment, has the right to acquire an initial seventy percent (70%) interest in the Gbane Project, with the additional right to then acquire up to one hundred percent (100%) interest.

• Gulf’s contributions (excluding initial vendor consideration), will be paid by way of an earn-in investment (AUD$9M over the first 24 months), with those funds to be directed to the advancement of the Gbane Project.

• Independent preliminary exploration activities in the region and historical artisanal workings provide positive early indications towards a potentially significant and economic graded multi-million ounce resource.

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Corporate Snapshot – this is how we look

Capital StructureStructure

Capital StructureStructure Treasury Fully Paid Ord Shares 3,666,196,452 Options (expiring 8 Jan 2018) 432,500,000 Cash post capital raising $9.5M Top 100 members hold 85% Debt NIL Current Share Price A $0.008 12 month trading range: Low A $0.006 High A $0.012 Market Capitalisation $29.3M Directors hold 7.5% of shares currently on issue Project Acquisition ($1.0M) - Wayne Kernaghan 185M shares - James Arkoudis 46M shares 105.6M options - Anthony Karam 46M shares 105.6M options

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Exploration Team Overview …this is the team on the ground …….

• The Joint Venture has recruited a senior project management team of experienced expat mining professionals to oversee the -

• delivery of the Project led by Mr. David Chidlow (Project Head) and Project Managers, Andrew Crispe and Drew Head.

David Chidlow Project Head Drew Head Andrew Crispe Project Manager Project Manager Willet Agongo Chief Geologist Pet er Sam Bassana Senior Geologist Bismark Awafo Mui-I-Zu 6 Field Geo Field Geo

• The senior project management team is supported and complement by the quality local expertise available in country. The locally engaged professionals boast over 70 years experience in gold exploration and mining in Ghana including individuals that previously held senior roles in the Anglo Ashanti and Goldfields mining operations.

• The Project Geology is currently being managed by a contracted project geologist, supported by our own in-house Chemist /Laboratory and Surveying personnel.

Exploration Program Overview …this is how we plan to find the gold…….

Over the next two quarters the Gbane Project development objectives include:

• Completion of over 4,500 soil samples and related geophysics analysis

• Completion of the detailed project mapping within the next two months.

• Anticipate results from the soil sampling and geophysics program by the end of Q2 2017.

• Planning of the Stage One Drilling Program will commence during Q2 2017, with implementation of the drilling program expected to commence just after mid 2017.

• Subject to the completion of soil and geophysics sampling and assessment of those samples, we expect drill program plans to include a comprehensive drilling programme to be completed by the later part of 2017.

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Contact

 Contact:

Wayne Kernaghan t: +61 2 8226 3323 Gulf Industrials Limited ACN 115 027 033 f: +61 2 8226 3304

e: wayne.kernaghan@gulfindustrials.com.au

Level 7, 99 Macquarie Street Sydney NSW 2000

m: PO Box R383 Royal Exchange NSW 1225 Australia

Disclaimer:

Nature of this document : The purpose of this presentation is to provide general information about Gulf Industrials Limited (“Gulf” or the “Company”). Unless otherwise stated herein, the information in this presentation is based on the Company’s own information and estimates. In attending this presentation or viewing this document you agree to be bound by the following terms and conditions.

Not an offer : This presentation is for information purposes only and does not constitute or form any part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities in the Company in any jurisdiction. It is not intended to be and is not a prospectus, product disclosure statement, offering memorandum or private placement memorandum for the purpose of Chapter 6D of the Corporation Act 2001. This presentation and its contents must not be distributed, transmitted or viewed by any person in any jurisdiction where the distribution, transmission or viewing of this presentation would be unlawful under the securities or other laws of that or any other jurisdiction. This presentation is not considered a recommendation by the Company or any of its affiliates, directors or officers that any recipient invest in the Company nor does it constitute as any investment, accounting, financial, legal or tax advice.

Not financial product advice : This presentation does not contain all information which maybe material to the making of a decision in relation to the Company. Recipients of this document should carefully consider whether the securities issued by the Company are an appropriate investment for them in light of their personal circumstances, including their financial and taxation position. No account has been taken of the objectives, financial situation or needs of any recipient of this document. Any investor should seek independent financial and taxation advice independent assessment and determination as to the Company’s prospects prior to making any investment decision, and should not rely on the information in this presentation for that purpose. Neither the Company nor its related bodies corporate is licensed to provide financial advice in respect of the Company’s securities or any financial products. This presentation does not involve or imply a recommendation or a statement of opinion in respect of whether to buy, sell or hold securities in the Company. The securities issued by the Company are considered speculative and there is no guarantee that they will make a return on the capital invested, that dividends will be paid on the shares or that there will be an increase in the value of the shares in the future.

Forward-looking statements : This presentation may contain certain statements which may constitute “forward-looking statements” and represent the Company’s intentions, projections, expectations or beliefs concerning, among other things, further operating and exploration results or the Company’s future performance. These statements speak, and the presentation generally speaks, only at the date hereof. The projections, estimates and beliefs contained in such statements are only predictions and are subject to inherent risks and uncertainties, and are necessarily based on assumptions, which could cause actual values, results, performance or achievements to differ materially from those expressed, implied or projected in any forward-looking statements.

General disclaimer : No representation or warranty, express or implied, is made by the Company that the matters stated in this presentation will be achieved or provide to be correct. Except for statutory liability which cannot be excluded, the Company, its officers, employees and advisers expressly disclaim any responsibility for the accuracy or completeness of the material contained in this presentation and exclude all liability whatsoever (including in negligence) for any loss or damage which may be suffered by any person as a consequence of any information in this presentation or any error or omission here from. The Company is under no obligation to update any person regarding any inaccuracy, omission or change in information in this presentation or any other information made available to a person nor any obligation to furnish the person with any further information. Recipients of this presentation should make their own independent assessment and determinationastotheCompany’sprospects,itsbusiness,assetsandliabilities as well as the matters covered in this presentation.

Unverified information: This presentation may contain information (including information derived from publicly available sources)that has not been independently verified by the Company.

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