CLARA RESOURCES AUSTRALIA LTD — AGM Information 2018

Nov 19, 2018

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Focused on delivery of high-value metals critical to energy revolution Annual General Meeting 20 November 2018

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Important Information

Forward Looking Statement

This presentation may contain certain statements and projections provided by or on behalf of Aus Tin Mining Limited (Aus Tin Mining) with respect to the anticipated future undertakings. These forward‐looking statements reflect various assumptions by or on behalf of Aus Tin Mining. Accordingly, these statements are subject to significant business, economic and competitive uncertainties and contingencies associated with exploration and/or mining which may be beyond the control of Aus Tin Mining which could cause actual results or trends to differ materially, including but not limited to price fluctuations, exploration results, reserve and resource estimation, environmental risks, physical risks, legislative and regulatory changes, political risks, project delay or advancement, ability to meet funding requirements, factors relating to property title, native title and aboriginal heritage issues, dependence on key personnel, share price volatility, approvals and cost estimates. Accordingly, there can be no assurance that such statements and projections will be realised. Aus Tin Mining makes no representations as to the accuracy or completeness of any such statement of projections or that any forecasts will be achieved.

Additionally, Aus Tin Mining makes no representation or warranty, express or implied, in relation to, and no responsibility or liability (whether for negligence, under statute or otherwise) is or will be accepted by Aus Tin Mining or by any of their respective officers, directors, shareholders, partners, employees, or advisers as to or in relation to the accuracy or completeness of the information, statements, opinions or matters (express or implied) arising out of, contained in or derived from this presentation or any omission from this presentation or of any other written or oral information or opinions provided now or in the future to any interested party or its advisers. In furnishing this presentation, Aus Tin Mining undertakes no obligation to provide any additional or updated information whether as a result of new information, future events or results or otherwise.

Nothing in this material should be construed as either an offer to sell or a solicitation of an offer to buy or sell securities. It does not include all available information and should not be used in isolation as a basis to invest in Aus Tin Mining Limited.

Material Assumption

The material assumptions which support the Taronga Ore Reserve Estimate, Production Targets and the forecast financial information derived from the Production Targets are disclosed in the body of the ASX announcement referred to in this Presentation, with the exception of commercially sensitive information.

Competent Persons Statement

The information in this presentation that relates to Exploration Targets and Exploration Results is based on information compiled by Mr Nicholas Mather B.Sc (Hons) Geol., who is a Member of The Australian Institute of Mining and Metallurgy. Mr Mather is employed by Samuel Capital Pty Ltd, which provides certain consultancy services including the provision of Mr Mather as a Director of Aus Tin Mining. Mr Mather has more than five years experience which is relevant to the style of mineralisation and type of deposit being reported 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, Minerals Resources and Ore Reserves’ (the JORC Code). This public report is issued with the prior written consent of the Competent Person(s) as to the form and context in which it appears.

The information in this Announcement that relates to Mineral Resources is based on information extracted from the report entitled “Maiden JORC Resource Estimated for the Taronga Tin Project” created on 26th August 2013 and is available to view on www.austinmining.com.au Aus Tin Mining confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.

In the information in this Announcement that relates to Ore Reserves is based on information extracted from the report entitled “Pre‐Feasibility Advances the Taronga Tin Project” created on 7th April 2014 and is available to view on www.austinmining.com.au . Aus Tin Mining confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.

A strong “Score Card” for past year

Active work program across all parts of the business since 2017 AGM

Taronga (northern NSW)

• Development application approved and Mining Lease granted

• Engineering completed and finalising contractors

• Positive ore-sorting test work

Granville (west coast Tasmania)

• Regulatory approvals for expansion finalised

• Mining cut-back & TSF civil works well progressed

Mt Cobalt (south east QLD)

• Excellent exploration results for cobalt & nickel

Corporate

• Share price improved - up 100% (share price 0.9cps to 1.8cps)

• Top twenty increased - up 106m shares (approx. 60% of issued capital)

• Liquidity increased - turn-over 1,965m shares (101% Turnover)

• Improved funding package secured

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ANW generating strong growth for investors

Over past year ANW has outperformed peer group underpinned by an active program of work across Company’s portfolio

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Aus Tin Mining (ASX:ANW) – Who we are

Vision: to become major Australian tin producer and become the tin stock of choice on the ASX

• Experienced Board & Management team well invested (8.5% of shares)

• Current market capitalisation of $36M (based on closing price of $0.018/share on 19/11/18)

• Portfolio of Australian projects across production, development and exploration

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Granville Tin Project (TAS)

Small scale & high grade allowed entry into production at time when market was challenging, and we are now expanding

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• Cut-back at mine over half-way - access to ore in coming weeks

• New TSF substantially completed to target height - removal of unusable fill and liner to be installed

• Forecast strong margins (@A$9,500/t at current prices)

Waste benches at Granville East Mine

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Blast hole drill rig the Granville East Mine

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New Tailings Storage Facility under construction

Taronga Stage 1 Project (NSW)

Large scale, trial mine (335kt) & pilot plant - Proof of concept for potential upside

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• Mining Lease granted and progressing outstanding approvals

• Contractor appointed to complete initial infrastructure

• Evaluating how best to incorporate ore-sorting into Stage 1

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Site layout for Taronga Stage 1 Project

Modular processing plant (illustrative purposes only)

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Evaluating potential for increased tin recovery – Ore Sorting Uplift in grade increases metal content into downstream processing

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TOMRA 1200 XRT testing facility (Sydney)

Mt Cobalt (QLD)

High cobalt grade oxide at surface and potential sulphide target at depth

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• Reverse Circulation (RC) holes at Pembroke completed and diamond hole over halfway to target 450m depth

• RC holes at Mt Cobalt next followed by two deeper diamond holes

1.2%Co, 1.26%Ni drill core from COB031 (2018 Drill Program)

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Positive ore sorting results – 2.8x upgrade

3D model of magnetic susceptibility data at Mt Cobalt

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ANW has a realistic pathway to production

Aus Tin Mining positioning itself with a mix of production/development/exploration

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----- Start of picture text ----- 2018 2019 2020Granville Level 2Granville Level 2Granville Level 2Operation / ExtensionTransition/OperationExtension /ExpansionTaronga Stage 1 Taronga Stage 1 Taronga Full ScaleDevelopment Production Feasibility----- End of picture text -----

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----- Start of picture text ----- Mt CobaltExploration----- End of picture text -----

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----- Start of picture text ----- Mt CobaltFeasibility----- End of picture text -----

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----- Start of picture text ----- Mt CobaltDevelopment----- End of picture text -----

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Fundamentals for tin & cobalt are sound

Underpinned by supply constraints and technology driven demand

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Source: Rio Tinto March 2018

Global tin supply moving towards deficit Production from major producing countries on decline partially offset by new production

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Source: International Tin Association November 2018

Program for 2019

Active program of work to drive short, medium and long term upside

Short Term Drivers

• Drilling program at Mt Cobalt and Pembroke

• Transition to expanded production at Granville

• Commencement of mining at Taronga, subject to approvals

Medium / Long Term Drivers

• Cash flow from Granville and leverage of plant as regional hub

• “Proof of Concept” for Taronga upside and progressing full scale development

• Exploration and development upside at Torrington and Mt Cobalt / Pembroke

Visit us at www.austinmining.com.au

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