Celsius Resources Limited — Investor Presentation 2013

Dec 10, 2013

Attention : ASX Company Announcements Platform

Lodgement of ‘Company Interview’

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Celsius Coal Limited

Date of lodgement: 11/12/2013

TITLE: “Company Interview. Strong Outlook for 2014”

Highlights:

• Aims to update 255Mt Resource & soon complete laboratory testing.

• Recaps a successful 2013 with saleable production planned for 2015.

• CLA’s Uzgen coal has a pricing and infrastructure advantage over other coals.

• Both Kargasha & Kokkia sides of deposit are delivering exciting exploration results.

• Aim to define an initial 10-20Mt area for first mining; will release details of production volumes in the current program and then expect to build into a significant project.

• 2013-2014 mine planning to commence when complete resource modelling work.

• Will initially be quite a profitable operation and then increase from there.

• Very strong investment case for shareholders in 2014 as it de-risks Uzgen project.

Record of interview:

Company Interview question:

Celsius Coal Limited (ASX code: CLA, market capitalization of ~$30 million) is moving towards a start-up of its Uzgen Basin Coking Coal Project (CLA 80% equity) in the Kyrgyz Republic. Before we look back on 2013, can you outline your most important tasks for the remainder of 2013 and 2014?

Chairman, Alex Molyneux

We’ve had a successful exploration field season with some record drill intersections. It all looks good in the drill logs but we now have to assess the analytical data, translate it into an updated JORC resource statement and look at what it means in mineable tonnes whether it be open cut, underground or by auger.

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We aim to complete first stage laboratory testing by the second week of December and then we have a second phase of CSR (Coke Strength after Reaction) testing which should be completed late February 2014. CSR is an important characteristic for off-take partners, but we believe this testing will show a good quality of coking coal.

Company Interview question:

What have been the most important achievements in 2013 – particularly towards the ultimate objective of getting into production?

Chairman, Alex Molyneux

Well as you are probably aware we have a pretty aggressive schedule and are looking at using auger or high wall mining equipment for a quick start up targeting saleable production for 2015. We are looking very hard at this mining method not only because of its ease of start-up but its low cost and its broader application. We will also be looking at a number of open pit scenarios which also fit a 2015 timeline.

Company Interview question:

Celsius has just completed its 2013 exploration program. Can you outline the major results and the implications of those results? Why is this program so important for the future development of the project?

Chairman, Alex Molyneux

Besides the promise of Kargasha we hold high hopes for the Kokkia side of the deposit because of its potential to deliver higher value coal and potential for open cut mining and we have not been disappointed with a record intersection of >16m. The drilling in Kargasha has gone pretty well as expected but Kokkia has delivered some exciting results.

Company Interview question:

The Uzgen Basin Coking Coal Project has JORC Resources of 255 million tonnes. Can you explain your priorities around this – is it to add to add to that number, or to improve the Resource classification?

Chairman, Alex Molyneux

It’s a big resource. A 255Mt Resource is very large for a low-ash contiguous coking coal resource, so our priority this year was filling the gaps in our knowledge by focusing more work where we considered the best value resource was and where it would be best to start mining. We got what we needed to get done in terms of a better understanding of the mining prospects and we can also say that as a result of our 2013 work the Resource will grow materially as well when we publish our next update.

Company Interview question:

Can you comment on the coal quality and what remains to be assessed about the quality of the coal?

Chairman, Alex Molyneux

As I said previously the Kokkia area, until this year, had not been drilled – even though a number of adits had been excavated into it in Soviet-era times - so getting a handle on that area, particularly the coal quality, has been important. We should start to see data on Kokkia in the next few weeks. Further, as part of our program this year, we have taken some larger diameter PQ cores so that we can provide larger samples for CSR (Coke Strength after Reaction). We have been talking to a number of potential Chinese customers and they have indicated that it is one of the important tests they would like to see.

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Looking to the future we are already planning our field campaign for 2014. Integral to this will be the development of adits to source some large bulk samples for testing in China. All the potential consumers we have spoken to have said that if we can get coal to the border they are really keen to test it in their coke plants.

Company Interview question:

Can you explain how you think your coking coal will be priced relative to say a regional benchmark price? What progress have you made in terms of securing off take partners? Can you give a general update on the markets in which you will be operating in – recent supply and demand trends?

Chairman, Alex Molyneux

The key market in Xinjiang is for high quality hard coking coal. Currently they operate by using local blending coals with a high quality coking coal coming from eastern China some 3,000km away. So coke plants are paying a premium for this material not only in its raw cost but in transporting it as well. Transport costs in some cases are probably in excess of $200/tonne as due to congestion on the rail network product is being transported by truck. So as you can see we’re dealing with a very different and attractive pricing regime. Transport from Kokkia to Kashgar is around 500km based on routing. If we look at Urumqi it is still less than 1,500km.

Company Interview question:

You’ve previously stated that there is already much infrastructure in place in the vicinity of your proposed operation. What progress have you made on a transport solution for your operations – both short term and long term? What impediments remain?

Chairman, Alex Molyneux

Things are moving quickly in this area. Besides the TransAsia railway line there have been recent announcements of a new north to south highway linking Bishkek in the north to Jalal-abad in the south. There are three optional routes for this and all of them provide some advantage to our project. One of them provides a major link from Kokkia to Touragart on the Chinese border. Only 2 weeks ago I surveyed the route from Kokkia to Touragart. There is one tough section of less than 50km but the rest is very straight forward. The Chinese have clearly invested a lot into local infrastructure and seem to be intent on continuing to do this.

Company Interview question:

Can you give detail on the ongoing mine plan studies you’re conducting?

Chairman, Alex Molyneux

2013-2014 mine planning will commence as soon as we complete our resource modelling work. It will have 3 aims. Most important is the definition of the Kokkia resource. Our target here will be to define a 10-20Mt area for start up mining. We will then look at open pit resources in the Kargasha area and while these are not expected to be large they may well give us an early start-up option. The third aim will be a pre-feasibility study of a target area for auger mining and we will use some Australian expertise for this.

Company Interview question:

You’ve been analyzing the potential scale and scope of the project. What’s your latest thinking and why? Do you still favour a small initial operation? Can you comment on possible EBITDA outcomes for each production scenario?

Chairman, Alex Molyneux

We have done some internal estimates, but at this stage we have only used them on a relative basis so that we can better target our exploration efforts. The 2013-14 work should produce some

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numbers that we can release to market and use to make some production decisions. We expect the initial operation to be quite profitable and we can build it from there into a significant coal mining business.

Company Interview question:

Can you state a longer term investment case for shareholders and potential investors?

Chairman, Alex Molyneux

All the noise has been about the Kargasha/Kokkia coking coal project and rightly so because it’s a very exciting and prospective project. But in the background we have busy looking at the local thermal market where there are significant opportunities across Central Asia that we will be looking to leverage off. In addition we are targeting other areas and commodities both inside and outside of the Kyrgyz Republic to secure iron and steel related assets targeting Xinjiang. So as you can see the vision is substantial as we look to leverage off what must be seen as first mover advantage.

We expect 2014 to be an exciting year for shareholders as we de-risk the Uzgen Basin Coking Coal Project and add to its value.

Company Interview

Thanks Alex.

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