CORE LITHIUM LTD — Investor Presentation 2014

Sep 23, 2014

Core : CXO AUSTRALIA’S RIU Resources Round-up Conference Melbourne 24-25 September 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 2004 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$ ~$0.07 Shares on issue 124M Options (CXOO 10c Oct14) 30M Market cap (undil) ~$9M Cash (22/08/14) ~$1.6M Top 20 (Consolidated) ~45% Share Price 0.08 0.06 A$ 0.04 0.02 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

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

• RC drilling currently underway on new high garde discovery

• Two copper IP targets (20% Cu in rock chips) ready to drill in the NT

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

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

• Multiple occurrences of mineralisation indicates strong prospectivity

• Recent drilling hit >1,000g/t silver and 17% lead+zinc

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NT
QLD
WA
SA
Darwin NSW
VIC
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TAS
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NORTHERN TERRITORY
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Core (CXO)
Albarta Project
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Alice Springs
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• Finding more copper at surface

• Core’s Jervois tenements near KGL

**subject to Ministerial Approval

Strong surface results

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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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Strong Prospectivity

• 1,000g/t silver in recent drilling at Blueys Prospect

• 350g/t silver and 17% zinc+lead drilled at Inkheart Prospect

• Up to 34% copper[#] ready to drill at Virginia Prospect

• Up to 20% copper[#] and 72g/t gold[#] ready to drill Copper Queen

• Multiple >1% copper[#] outcrops at Paradise Well, Jay & Selins

• Jervois Domain 500m from KGL’s 13m @ 5.75% Cu (at Bellbird)

• *#

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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 Jervois Domain Paradise Well Mordor Blueys Copper Queen ~~Inkheart~~ Jay Virginia Selins Fitton (SA) Roxby (SA) Yerelina (SA) Rate and rank Rate and rank Rate and rank Scoping gateway gateway gateway Study

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8 increasing value and exploration maturity

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

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Very high grade silver Very high grades of 4.5kg/t (4,500g/t) silver and 10% copper at surface Discovery drill intersections by Core 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

• 2,500m RC drilling program underway

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7,401,450mN 475,400mE 7,401,400mN 7,401,350mN 475,100mE 7,401,300mN
Inkheart high grade discoveryNorth west South eas
600mRL Oxidised weathered sediments
8 m@22g/t Ag from 34m 4m@18g/t Ag from 42m
4m@59g/t Ag, 1.63% Pb50m
from 60m
550mRL
2m@42g/t Ag, 1.02% Pb
from 82m
31m@10g/t Ag from 108m 100m
including 1m@102g/t Ag,
2.01% Pb from 108m and
7m@14g/t Ag from 132m
500mRL 14m@14g/t Ag, from 123m
including 1m@120g/t Ag from 131m
36m@29g/t Ag from 90m 2m@ 32g/t Ag from 148m
including 4m@195g/t Ag, 5.24% Pb,
2.49% Zn from 111m
including 1m@354g/t Ag, 11.13% Pb,
6.51% Zn
450mRL
Fresh Bitter Springs Formation sediments
NORTHERN TERRITORY
EL 28136
0 50 INKHEART PROSPECT
metres Cross section
Looking north east
Inkheart 01a
100m
150m
50m
100m
50m 50m
100m
50m
IKRC005
IKRC001
IKRC002 IKRC004 IKRC003
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474,000 mE 475,000 mE 476,000 mE Drilling Update Sep 2014

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Core just started 2,500m RC drilling campaign at Inkheart and Blueys Prospects, NT

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IKRC005 8m@22g/t Ag from 34m IKRC001

IKRC002 4m @ 18g/t Ag from 42m and 8m@22g/t Ag from 34m 36m @ 29g/t Ag from 90m Including 4m@195g/t Ag, 5.24% Pb, IKRC001 2.49% Zn from 111m with 1m@354g/t Ag, 31m@10g/t Ag from 108m 11.13% Pb, 6.51% Zn from 112m and including 1m@102g/t Ag, 2m@32g/t Ag from 148m to EOH 2.01% Pb from 108m

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25% of drillholes completed and program back on schedule

IKRC003

4m@59g/t Ag, 1.63% Pb from 34m and 14m@14g/t Ag from 123m including 1m@120g/t Ag from 131m

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IKRC004

2m@42g/t Ag, 1.02% Pb from 82m

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BLRC008

10m@19g/t Ag from 15m and 2m@10g/t Ag from 74m

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Bitter Springs Formation Heavitree Quartzite Proterozoic basement

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CXO drillhole Apr 2014 Planned drillhole September 2014

BLRC002 10m@30g/t Ag from 4m including 1m@192g/t Ag from 11m

BLRC010

Thrust contact

17m@116g/t Ag from 22m including 2m@843g/t Ag, 5.9% Pb from 22m

Soils Ag ppb

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1,000 to 25,300 500 to 1,000 200 to 500 100 to 200 50 to 100 -100 to 50

BLRC011 ~~7~~ m@166g/t Ag, 1.27% Pb from 24m including 1m@1070g/t Ag, 8.21% Pb from 24m

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BLRC007 5m@67g/t Ag, 1.39% Pb from 38m including 2m@125g/t Ag, 2.67% Pb from 40m

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BLRC006 EL 28136 10m@28g/t Ag from 50m BLUEYS/INKHEART Location of drillholes 0 500 and Ag soil sampling metres Projection: GDA 94 Zone 53

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Blueys 02

Drilling to be completed in approx 2-weeks

Holes drilled:

Hole Easting Northing Dip Az Depth IKRC006 475,081m 7,401,305m -60° 315° 192m IKRC007 475,152m 7,401,357m -60° 315° 186m IKRC008 475,338m 7,401,390m -60° 135° 115m IKRC009 475219m 7,401,695m 315° -60° 90m IKRC010 475252 m 7,401,649m 315° -60° 102m

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Drilling Update Sep 2014

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Primary sulphide mineralisation already observed in RC drillchips (IKRC007 at Inkheart)

Sulphide intersections include substantially elevated silver and lead levels (preliminary hand held XRF) Upcoming RC drillholes to test where the soil anomaly is highest

Assays expected during October

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

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Phase 2 drilling : Copper targets

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

• Strong IP targets below

• Drilling planned Q4

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Copper Queen Multiple prospects including

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

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Phase 2 Drilling : Copper targets

• New IP drill targets below surface copper mineralisation

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

• • 31 samples exceed 5% copper

• 132 samples exceed 1% copper and average 2.0g/t gold

• Drilling plannned Q4 2014

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Pipeline of drill targets is growing

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• Core is discovering new occurrences of copper in outcrop

• Copper found at 6 new prospects within 4km x 4km in GPW area

• 8.9% copper in outcrop with 2km magnetic target at Jay and Manny Prospect

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Core’s Jervois Domain, NT 500m from KGL’s 13m @ 5.75% Cu at Bellbird Significant success for the Albarta region

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Jervois Domain Project

Large 20km prospective zone VTEM (AEM) to define drill targets in October

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Catalysts for price growth Core has moved to full ownership* in Australia’s new exploration hotspot in the NT:

• Core is opening up a new exciting exploration province and about to enter into discovery phase of exploration

• Multiple drilling programs scheduled : current Inkheart/Blueys (silver, lead, zinc) followed by drilling of copper targets at Virginia and Copper Queen prospects

• AEM surveys to define drill targets in Jervois area

• Drill assay results expected in October and drilling news over coming months

• **

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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:

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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