CORE LITHIUM LTD — Investor Presentation 2014

May 20, 2014

Core : CXO DRILLING AUSTRALIA’S NEW EXPLORATION

==> picture [378 x 62] intentionally omitted <==

Company Update Presentation May 2014

==> picture [40 x 20] intentionally omitted <==

==> picture [17 x 43] intentionally omitted <==

==> picture [32 x 39] intentionally omitted <==

==> picture [47 x 15] intentionally omitted <==

==> picture [112 x 52] intentionally omitted <==

May 2014

Core’s Projects

==> picture [447 x 360] intentionally omitted <==

----- Start of picture text -----

Albarta
Fitton
Roxby Downs South
Yerelina
----- End of picture text -----

• Drilling Blueys and Inkheart Silver Prospects , Albarta NT

• Drill assay results expected over next few weeks from Blueys

• Copper exploration underway delivering exceptional results at Albarta , NT

• Strong geophysical IOCG drill targets near Olympic Dam, Roxby SA

• Thick and high grade uranium drill intersections at Fitton discovery, SA

• High grade lead/zinc breccia zone mapped over 1.5km at Yerelina , SA

• Set for impressive value growth

2

Albarta Project, NT

==> picture [35 x 9] intentionally omitted <==

----- Start of picture text -----

Darwin
----- End of picture text -----

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

• Multiple occurrences of copper mineralisation indicates strong prospectivity

• Drilling Blueys and Inkheart Silver Prospects

==> picture [158 x 10] intentionally omitted <==

----- Start of picture text -----

NORTHERN TERRITORY
----- End of picture text -----

Kidman (KDR) Home of Bullion Kentor (KGL) Jervois Core (CXO) Project Albarta Project Alice Springs

• Drill assays expected in weeks

3

Strong Prospectivity

• 10% copper and 4,500g/t silver at Blueys Prospect

• 19,552ppb silver in soils at new Inkheart Prospect

• Up to 14% copper and 72g/t gold at Copper Royals

• Up to 34% copper at Virginia Prospect • Multiple >1% copper at Greater Paradise Well • Large scale copper nickel PGE target at Mordor Project

4

20 tenements 100% Owned 2,000km[2]

5

Exploration Underway

==> picture [580 x 374] intentionally omitted <==

Results pending

Exploration underway during 2014

6

Drilling Blueys Silver Project

4.5kg/t silver and 10% copper at surface

7

Blueys Silver Project

• Very high grades of 4.5kg/t (4,500g/t) silver and 10% copper at surface

• Peak value of 25,250ppb silver is well above 100ppb commonly regarded as anomalous

• Inkheart Prospect also characterised by extremely high silver in soils

• Core’s IP geophyics finds new drill targets below extremely anomalous silver in soil and high-grade rock chips

Spectacular silver soil anomalies

8

Blueys IP Drill Targets at Depth

==> picture [438 x 270] intentionally omitted <==

----- Start of picture text -----

LINE 2700 BLUEYS
3,000 Silver in soils 3,000
2,000 2,000
1,000 1,000
RL metres
600 IP profile 600 40.0
33.3
26.7
400 400 20.0
13.3
6.7
200 200 0.0
474347 E 474634 E
7400733 N 7400323 N
Line 2700N 50-100-200m Chargeability Model (msec) STD
Ag (ppb)
----- End of picture text -----

9

Blueys Project

• Core’s Blueys Prospect has a footprint of 500m x 250m assaying over 1,000ppb Ag. Peak silver in soil value is 25,250ppb Ag.

• Core’s Inkheart Prospect has a footprint of 1,400m x 300m assaying over 1,000ppb Ag. Peak silver in soil value is 19,552ppb Ag.

• Investigator Resources Ltd (ASX: IVR) flagship Paris Prospect in SA has a footprint of 1,200m x 300m assaying over 100ppb Ag. with a centre of about 200m over 500ppb Ag. .

• and a peak silver in soil value of 1,629ppb These results led to a high grade silver discovery and a substantial increase in market cap for IVR.

10

Copper Royals Large copper mineral field and Up to 14% copper 72g/t gold at surface

11

Phase 2 Drilling : Copper Targets

• Copper Royals large copper mineral field recognised in area of new 100% owned tenement

• 5km long copper soil anomaly

• 15 separate copper prospects within 5km x 5km area

• Geophysics not used in previous targeting

• IP results pending

12

Virginia Prospect Stratiform kilometre scale copper target grading 1%-5% Cu at surface Results from IP survey pending

13

Phase 2 Drilling : Copper Targets

==> picture [309 x 128] intentionally omitted <==

• Stratiform copper horizon identified over 1km strike >1% Cu

• • No previous geophysics or drilling

• IP survey completed

14

Greater Paradise Well 4 separate copper prospects new discovery 3km x 3km

15

Greater Paradise Well

Phase 2 drilling Copper Targets

• Multiple occurrences of copper

• Copper now identified at surface over a 3km x 3km

• Soils results pending

16

==> picture [842 x 474] intentionally omitted <==

----- Start of picture text -----

IOCG Prospectivity
400,000 mE 500,000 mE
Copper Queen (14% Cu & 72g/t Au) in rock chips
Virginia (34.0% Cu) in rock chip • Copper prospectivity
Copper King (14% Cu & 38g/t Au) in rock chips of the region well
Daicos (19.37% U, 26.52% Nb) documented by NTGS
in rock chips
• Other explorers have
confirmed potential to
Yambla (U)
the east and west of
Paradise Well (3.8% Cu) in rock c hips
Core’s tenements
Star Creek East (Cu/Pb)
Mordor (Cu, Au, PGE)
Star Creek (Au, Cu) • 2012 assessment by
400,000 mN
Geoscience Australia
East Amarata (25g/t Au) in rock chips
Alice Springs Pattersons (Au) Blueys Folley (7% REE) in rock chips confirmed high IOCG
White Dam South (Cu-Zn) Amarata (Au) prospectivity
Blueys (10% Cu, 2,200g/t Ag) in rock chips
• Core’s internal
assessment verifies
Alice Springs Albarta Project Major road Core’s Albarta Project
Minor road granted Exploration
IOCG potential
Railway Licences (EL)
600 KM Core Prospect 40 kilometres
Plenty
Highway
Adelaide-Darwin railway
----- End of picture text -----

CE Illogwa 14

17

Summary

Core’s has moved to full ownership of the Albarta Project in Australia’s new exploration hotspot in the NT :

• Core has 100%-ownership* of 20 tenements covering over 2,000km[2] in the NT

• Multiple occurrences of mineralisation at surface a strong indicator of prospectivity

• Core is drilling Blueys and Inkheart Silver Prospects

• Phase 2 drilling at Albarta will target copper at Virginia, Copper Royals and Greater Paradise Well

• Drill results pending from Blueys and Inkheart in the next few weeks

• **

18

Core’s Projects, S.A.

• Strong geophysical IOCG drill targets near Olympic Dam, Roxby SA

• Thick and high grade uranium drill intersections at Fitton discovery, SA

• Multiple mineralised zinc/lead breccia zones up to 1.5km long at Yerelina , SA

19

Roxby, SA 100% owned Roxby Downs South Project, SA

==> picture [352 x 238] intentionally omitted <==

• 10km from BHPB’s new Wirrda Well find and 40km from Olympic Dam

• Strong geophysical drill targets

• Surrounded by Majors

==> picture [491 x 133] intentionally omitted <==

20

Fitton, SA

100% owned Fitton Project in SA

• Outstanding new discovery of high grade uranium

• Thick and high grade uranium intersections drilled by Core

• Uranium mineralisation outcrops and open at depth

==> picture [269 x 140] intentionally omitted <==

----- Start of picture text -----

6,686,950mN 6,686,900mN 6,686,850mN
North South
1m @355ppm U3O8 from 25m 150mRL
21m@384ppm U3O8 from 40m
42m including 6m@978ppm U3O8 from 54m
SLRC003 SLRC022
SLRC017
SLRC028
----- End of picture text -----

• World class uranium mining district

Granite

==> picture [570 x 211] intentionally omitted <==

==> picture [4 x 5] intentionally omitted <==

----- Start of picture text -----

0
----- End of picture text -----

Granite

==> picture [17 x 5] intentionally omitted <==

----- Start of picture text -----

metres
----- End of picture text -----

==> picture [9 x 7] intentionally omitted <==

----- Start of picture text -----

87m
----- End of picture text -----

==> picture [8 x 5] intentionally omitted <==

----- Start of picture text -----

30
----- End of picture text -----

==> picture [17 x 4] intentionally omitted <==

----- Start of picture text -----

100mRL
----- End of picture text -----

~~19~~ m@487ppm U3O8 from 79m including 6m@1112ppm U3O8 from 89m

60m@482ppm U3O8 from 53m ~~in~~ cluding 35m@750ppm U3O8 from 53m with 4m@3100ppm U3O8 from 55m

==> picture [14 x 4] intentionally omitted <==

----- Start of picture text -----

50mRL
----- End of picture text -----

==> picture [12 x 7] intentionally omitted <==

==> picture [6 x 13] intentionally omitted <==

==> picture [10 x 12] intentionally omitted <==

==> picture [40 x 14] intentionally omitted <==

----- Start of picture text -----

Doleritic
schist 124m
----- End of picture text -----

==> picture [14 x 5] intentionally omitted <==

==> picture [74 x 19] intentionally omitted <==

----- Start of picture text -----

SOUTH AUSTRALIA
FITTON PROJECT
SCOTT LEE PROSPECT
----- End of picture text -----

Cross section 365575 Looking east

==> picture [21 x 6] intentionally omitted <==

----- Start of picture text -----

? ?
----- End of picture text -----

Fitton 04

21

Yerelina, SA

100% owned Yerelina Project, SA

• 567g/t silver and 15.11% zinc and lead in rock chips

• High grades in gossans discovered at surface

• Mineralised breccias up to 1.5km long

• Large1,000km[2] tenement area

==> picture [316 x 401] intentionally omitted <==

22

The presentation includes exploration information that was prepared and first disclosed by Core under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported. The information in all previous announcements has been compiled by Mr Stephen Biggins as the Competent Person and who provided his consent for all previous announcements. The information that was reported in announcements previously released under JORC Code 2004 is referenced in the table below:

Slide Reference Announcement Date Announcement Title Level 2, 143 Hutt Street Adelaide SA 5000 4 11th June 2013 Large Scale Copper Nickel PGE Target at Core’s key Albarta Project, NT PO Box 7298, Hutt Street Adelaide SA 5000 4,13,14 12th August 2013 Undrilled kilometre scale copper target Virginia Copper Prospect, NT 20 13th May 2013 Thick and high-grade uranium intersections Fitton Project, SA Telephone: 08 7324 2987 Facsimile: 08 8312 2002 4,11,12 28th June 2013 Large NT copper mineral field confirmed within Albarta Project www.coreexploration.com.au 4,6 29th August 2013 All NT Tenements Granted 17 28th November 2012 Core’s NT Project area “highly prospective for IOCG” Geoscience Australia Report TThe 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 To the fullest extent permitted by law, the Company, its related (“Core”, “Company”) and provided as a basic overview of the bodies corporate and their representatives expressly disclaim tenements held or controlled by the company. This presentation liability for any loss or damage arising in respect of your reliance on does not purport to be all-inclusive or to contain all the information the information contained in this document (including your reliance that you or any other party may require to evaluate the prospects on the accuracy, completeness or reliability of that information), of the Company. or any errors in or omissions from this presentation, including any liability arising from negligence.

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 23 obligation to provide any additional information or to update this document.

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.