CORE LITHIUM LTD — AGM Information 2014

Oct 29, 2014

Core : CXO AUSTRALIA’S Annual General Meeting Presentation 30 October 2014

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Disclaimer

The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Stephen Biggins (BSc(Hons)Geol, MBA) as Managing Director of Core Exploration Ltd who is a member of the Australasian Institute of Mining and Metallurgy and is bound by and follows the Institute’s codes and recommended practices. He has sufficient experience which is relevant to the styles of mineralisation and types of deposits under consideration and to the activities being undertaken 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. Biggins consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

This document has been prepared by Core Exploration Limited (“Core”, “Company”) and provided as a basic overview of the tenements held or controlled by the company. This presentation does not purport to be all-inclusive or to contain all the information that you or any other party may require to evaluate the prospects of the Company.

None of the Company, any of its related bodies corporate or any of their representatives assume any responsibility for, or makes any representation or warranty, express or implied, with respect to the accuracy, reliability or completeness of the information contained in this document and none of those parties have or assume any obligation to provide any additional information or to update this document.

To the fullest extent permitted by law, the Company, its related bodies corporate and their representatives expressly disclaim liability for any loss or damage arising in respect of your reliance on the information contained in this document (including your reliance on the accuracy, completeness or reliability of that information), or any errors in or omissions from this presentation, including any liability arising from negligence.

The mineral tenements of the Company as described in this presentation are at various stages of exploration, and potential investors should understand that mineral exploration and development are high-risk undertakings.

There can be no assurance that exploration of the Tenements, or any other tenements that may be acquired in the future, will result in the discovery of an economic ore deposit. Even if an apparently viable deposit is identified, there is no guarantee that it can be economically exploited.

This document contains statements which may be in the nature of forward-looking statements. No representation or warranty is given, and nothing in this presentation or any other information made available by the Company or any other party should be relied upon as a promise or representation, as to the future condition of the respective businesses and operations of the Company.

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Company Information

Shares

Price A$ ~$0.06 Shares on issue 134M Market cap (undil) ~$8M Cash (30/09/14) ~$1.3M Top 20 (Consolidated) ~45% Share Price July 2013 2014 July 2014 2015

Board & Management Stephen Biggins Managing Director Greg English Non-Exec Chairman Heath Hellewell Non Exec Director Michael Schwarz Non Exec Director Colin Skidmore Exploration Manager Jarek Kopias CFO/Company Secretary

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Core’s Projects

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Albarta
Fitton
Roxby
Yerelina
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Core’s exciting results are opening up a new exploration province at Albarta in the NT

• New RC drilling results from high grade discovery at Inkheart

• Copper targets ready to drill in the NT Q4 2014

• AEM surveys to define drill targets within large 20km prospectve zone at Jervois

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• Continuing to execute strategy to deliver exploration success

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Albarta Project, NT

Core has 100% ownership of 20 tenements - covering over 2,000km[2 ] Albarta Project , NT

• Multiple occurrences of mineralisation indicates strong prospectivity

• Recent drilling discoveries

• Finding more copper at surface

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NT
QLD
WA
SA
Darwin NSW
VIC
TAS
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NORTHERN TERRITORY
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Core (CXO)
Albarta Project
Alice Springs
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• Core’s Jervois Domain tenements close to discoveries by KGL and RXL

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Unlocking Australia’s newest exploration province

Core’s investment & development strategy into the east Arunta province is driven by:

ü Strong prospectivity

Multiple mineral occurrences

ü Right commercial entry point Not overly mature

High metal grades at surface Large volume of mesoproterozoic geology Major intrusive system active at ~1600ma Deep mantle plumbing system Little or no systematic exploration But no major mine or easy analogue

ü Outcropping target geology Shallow cover

Lower cost exploration and mining Lower risk exploration Increased certainty

Avoids old, multi-generational and complex ownership Under-explored, large-scale footprint Core engineered 2-stage investment structure

ü Low risk jurisdiction Predictable land access

Low risk to ownership Good tenement system Supportive Government Stable fiscal regime

ü Access to infrastructure

100km from rail, gas, power and major regional centre

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Investment strategy into the east Arunta recognises and is managing potential risks

? High grade metamorphic terrain

Management Strategies

Learn from discoveries in other high grade terrains

Tropicana and Nova, Frazer Range WA, Broken Hill NSW, Challenger SA

Importance of shallow and outcropping mineralisation in discovery

Regional geochemistry, alteration mapping (ground, airborne and satellite)

? No major outcropping mine yet discovered

Management Strategies

Study other major discoveries in new exploration terrains

Degrussa, Tropicana, Nova

Develop and test exploration models

Systematic Exploration

Increase capabilities and resources (Finance v Alliance)

? Limited historical exploration and geological research

Management Strategies

Learn from advanced deposits and exploration in the region - Jervois KGL, Bonya RXL, Illogwa MTH

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Core’s investment & development strategy in the east Arunta provides the potential to deliver

ü Major discoveries

ü Exposure to a broad group of base and precious metals ü Leverage strong position through a range of investment, alliance and partner strategies Highly prospective ü Substantial value growth for Core ground position

Strong surface results

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Mutiple drill
programs
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Multiple Prospects
400,000 mE 500,000 mE 600,000 mE
GEORGINA BASIN
(Cambrian)
7,500,000 mN
AILERON PROVINCE
(Early Proterozoic)
Jervois Domain
Copper King
Selins Virginia
IRINDINA PROVINCE
(Late Proterozoic)
Copper Q ueen Daic os
Albarta Project
Y ambla
Paradise Well Ja y
Sta r Creek
Mord or
Ea st Amarata
7,500,000 mN
White Dam South
Blueys Folley
Major road
Alice Springs Minor road
Pattersons Amarata
Railway
Core’s Exploration
Blueys and Inkheart Licences (EL)
Core Prospect
AMADEUS BASIN KGL Jervois
EROMANGA
(Late Proterozoic) 50 kilometres BASIN Project
CE Illogwa 15
Ple H wa
nty igh y
Sandover
H
way
h
ig
Adelaide-Darwin railway
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Project pipeline

Conceptual Confirmed Confirmed Advanced Economic Target Target Mineralisation Project Project Geophysical/Geochemical/ Drill ready Drill tested JORC Resource I Feasibility Study Geological Target

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Copper Royals

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Rate and rank Rate and rank Rate and rank Scoping gateway gateway gateway Study

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High grade silver, lead & zinc drilled at Blueys and Inkheart Prospects 1kg/t silver and 17% zinc & lead

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High grade silver Very high grades of 4.5kg/t (4,500g/t) silver at surface Discovery by Core at Inkheart in first drill program in the NT in May 2014 Drill intersections include:

• 1m @ 1,070g/t silver (Ag) and 8% lead (Pb) at Blueys

• 2m @ 843 g/t Ag and 5.9% Pb within 17m @ 116 g/t Ag and 0.83% Pb at Blueys

• 4m @ 195 g/t Ag, 5.24% Pb and 2.49% Zn from 111m inc. 1m @ 354 g/t Ag, 11.13 % Pb and 6.51% Zn, within 36m @ 29g/t silver at Inkheart

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Drill
474,500 mE 475,000 mE 475,500 mE
ing IKRC010 expa6m@18.4g/t Ag and 0.3% Pb (9-15m) IKRC009 nding discovery
3m@16.5g/t Ag from 0.3% Pb (33-36m)
3m@18.6g/t Ag (69-72m)
IKRC013
3m@268.0g/t Ag and 8.0% Pb (39-42m) • First assay results received for Core’s
6m@18.8g/t Ag and 0.2% Pb (72-78m) Inkheart Prospect
IKRC011
7,401,500 mN 3m@14.8g/t Ag and 0.2% Pb (42-45m) IKRC007 6m@30.6g/t Ag and 0.1% Pb (15-21m)
6m@95.6g/t Ag and 2.1% Pb (111-117m) IKRC012 recent 2,500m RC drilling program
inc. 3m@177.0g/t Ag and 4.1% Pb (114-117m)
IKRC008
IKRC021
IKRC017
IKRC022
IKRC015
IKRC016 • Drilling is finding and extending silver-
IKRC014
15m@37.7g/t Ag and 0.6% Pb (108-123m)
IKRC018 27m@13.2g/t Ag and 0.3% Pb (168-195m)inc. 6m@38.0g/t Ag and 0.9% Pb (174-180m) lead mineralised zones at Inkheart
IKRC006
6m@45.7g/t Ag and 0.8% Pb (63-69m)
7,401,000 mN IKRC019 6m@41.6g/t Ag and 1.1% Pb (162-168m)inc. 3m@72.3g/t Ag and 2.1% Pb (162-165m)
IKRC020
Drilling
Phase 2 collar (assayed) • 3m @ 268.0g/t Ag & 8.0% Pb [IKRC013 39-42m]
Phase 2 collar (assays pending)
Phase 1 collar
Soil sampling survey >10g/t Ag • 6m @ 95.6g/t Ag & 2.1% Pb [IKRC007 111-117m]
Blueys Prospect >1g/t Ag
Geophysics
IP conductor inc. 3m @ 177.0g/t Ag & 4.1% Pb [114-117m]
7,400,500 mN BLRC013 Geology Thrust fault
Bitter Springs Formation • 15m @ 37.7g/t Ag & 0.6% Pb [IKRC014 108-123m]
Heavitree Quartzite
Proterozoic basement
0 500 EL 28136
metres BLUEYS/INKHEART • Additional drill assays in next few days
Projection: GDA 94 Zone 53 Summary of Phase 2 drilling
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Blueys 03

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Virginia Prospect Kilometre scale copper target grading 1%-5% Cu at surface Ready to drill

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Next drilling : Copper targets

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• Copper horizon identified over 1km strike >1% Cu

• Strong IP targets below

• Drilling planned Q4 2014

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Copper Royals District Multiple prospects

and Up to 20% copper 72g/t gold at surface

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Next Drilling : Copper targets

• District comprises 14 copper prospects

• Up to 20% copper and 72g/t gold rock chips

• IP targets below surface copper mineralisation

• Potential for AEM over mutiple propsects to target massive sulphides

• Drilling plannned Q4 2014

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Core’s Jervois Domain, NT

500m from KGL’s 13m @ 5.75% Cu at Bellbird

Significant success for the east Arunta

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Jervois Domain Project

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Large 20km prospective zone VTEM (AEM) underway to define drill targets - preliminary results pending

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Catalysts for price growth Core has full ownership of over 2,000km[2] in Australia’s newest exploration province in the NT:

• Core is opening up a new exciting exploration province and entering into the discovery phase of exploration

• Multiple drilling programs : new drill results pending from Inkheart and Blueys to be followed by drilling of copper targets at Virginia and Copper Royals Q4 2014

• Jervois Domain AEM surveys results are pending - to define copper targets to drill Q1 2015

• NT drilling to start again in November

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Level 2, 143 Hutt Street Adelaide SA 5000 PO Box 7298, Hutt Street Adelaide SA 5000 Telephone: 08 7324 2987 Facsimile: 08 8312 2002 www.coreexploration.com.au

The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Stephen Biggins (BSc(Hons) Geol, MBA) as Managing Director of Core Exploration Ltd who is a member of the Australasian Institute of Mining and Metallurgy and is bound by and follows the Institute’s codes and recommended practices. He has sufficient experience which is relevant to the styles of mineralisation and types of deposits under consideration and to the activities being undertaken 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. Biggins consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. The report includes results that have previously been released under JORC 2012 by Core. The Company is not aware of any new information that materially affects the information included in this announcement:

21/10/2014 Additional Silver Lead Mineralisation Discovered at Inkheart 15/10/2014 Jervois Domain airborne electromagnetic AEM survey underway 18/09/2014 Drilling underway on Inkheart and Blueys 20/08/2014 Large prospective zone defined in Jervois area 11/08/2014 8.9% copper within new 2km magnetic target at Albarta Project 30/07/2014 IP copper drill targets identified at Copper Queen Prospect 22/07/2014 Core Commences Exploration on Jervois Region Tenements, NT 02/07/2014 5km Prospective Copper Trend Identified at Selins Prospect 17/06/2014 High Grade Silver Lead from Albarta Drilling Program NT 03/06/2014 Exciting Copper Drill Targets - Virginia Prospect, NT 29/04/2014 Quarterly Activities and Cashflow Report 31 March 2014 17/03/2014 New Copper Prospects Discovered in the NT 21/01/2014 Surveys reveal IOCG drill targets near Olympic Dam

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