CORE LITHIUM LTD — Investor Presentation 2014

Feb 18, 2014

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Core : CXO DRILLING AUSTRALIA’S NEW EXPLORATION

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Company Update Presentation February 2014

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Feb 2014

Core’s Projects

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Albarta
Fitton
Roxby Downs South
Yerelina
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• RC Drilling to commence at Blueys and Inkheart Prospects in April, Albarta Project NT

• Ground breaking copper IOCG 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

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Albarta Project, NT

Darwin

Core has recently signed agreements to move 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 to commence on Blueys and Inkheart Silver Prospects in April

NORTHERN TERRITORY

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

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Strong prospectivity

• 10% copper and 4,065g/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 Paradise Well District

• Large scale copper nickel PGE target at Mordor Project

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20 tenements 2,000km[2]

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Exploration underway

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Exploration commenced

Exploration underway 2014

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Drilling Timeline
March April May June
MMP Approval
Clearance Survey
Clearance Report
Commence Drilling
Prelim Results
Final Results
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Drilling Blueys Project in April

~~r~~ 4kg/t silve and 10% copper at surface

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Blueys Project

• Very high grades of 4kg/t (4,065g/t) silver and 10% copper at surface at Blueys Prospect

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

• Inkheart Prospect also characterised by extremely high silver in soils

• s

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

Spectacular soil anomalies

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Blueys IP Drill Targets at Depth

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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)
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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.

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

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Phase 2 Drilling : Copper Targets

• Copper Royals large copper mineral

• 5km long copper soil anomaly

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

• Geophysics not used in previous targeting

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Virginia Prospect Stratiform kilometre scale copper target grading 1%-5% Cu at surface Rock chips assays up to 34% Cu

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Phase 2 Drilling : Copper Targets

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

• • No previous geophysics

• No previous drilling

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Paradise Well Discovery

• Multiple occurences of copper mineralisation detected at surface by Core in the new Paradise Well district

• Copper now identified at surface over a 2km x 2km area (inc. Paradise Well South)

• Kilometre-scale coincident Cu/Ag soil anomalies

• Magnetite association with copper may have IOCG affinities

• Further soil sampling and mapping underway

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IOCG Prospectivity

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400,000 mE 500,000 mE
Copper Queen (14% Cu & 72g/t Au) in rock chips
Virginia (34.0% Cu) in rock chip
Copper King (14% Cu & 38g/t Au) in rock chips
Daicos (19.37% U, 26.52% Nb)
in rock chips
Yambla (U)
Paradise Well (3.8% Cu) in rock c hips
Star Creek East (Cu/Pb)
Mordor (Cu, Au, PGE)
Star Creek (Au, Cu)
400,000 mN
East Amarata (25g/t Au) in rock chips
Alice Springs Pattersons (Au) Blueys Folley (7% REE) in rock chips
White Dam South (Cu-Zn) Amarata (Au)
Blueys (10% Cu, 2,200g/t Ag) in rock chips
Alice Spring s Albarta Project Major road Core’s Albarta Project
Minor road granted Exploration
Railway Licences (EL)
600 KM Core Prospect 40 kilometres
P lenty
Highway
Adelaide-Darwin railway
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• Copper prospectivity of the region well documented by NTGS

• 2012 assessment by Geoscience Australia confirmed high IOCG prospectivity

• Core’s internal assessment verifies IOCG potential

CE Illogwa 14

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Core’s Projects, S.A.

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Albarta
Fitton
Roxby Downs South
Yerelina
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• 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

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

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

• Strong geophysical drill targets

• Surrounded by Majors

• Interest has been expressed in the project by a number of parties, will update as discussions progress

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Fitton, SA

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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
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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

• World class uranium mining district

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Granite
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Fitton 04
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0
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Granite

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metres
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87m
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30
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100mRL
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~~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

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50mRL
Doleritic
schist SOUTH AUSTRALIA
FITTON PROJECT
SCOTT LEE PROSPECT
Cross section 365575
Looking east
124m
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Yerelina, SA

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100% owned Yerelina Project, SA

• 567g/t silver and 15.11% lead and zinc

• High grades gossans discovered at surface

• Mineralised breccia up to 1.5km long

• Large1,000km[2] tenement area

• Multiple targets on potentially huge scale

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Summary

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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’s first drilling program is planned to commence in April on Blueys and Inkheart Prospects

• Phase 2 drilling at Albarta will target copper at Virginia and Copper Royals Prospects

• Ground breaking exploration for large-scale copper IOCG deposits is underway

And in SA :

• Discussions with a number of parties underway on Roxby IOCG Project near OD

• Fitton Uranium Project value closely linked to future U price

• **

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The presentation includes exploration information that was prepared and first disclosed by Core under the JORC Code Level 2, 143 Hutt Street Adelaide SA 5000 2004. It has not been updated since to comply PO Box 7298, Hutt Street Adelaide SA 5000 with the JORC Code 2012 on the basis that Telephone: 08 7324 2987 Facsimile: 08 8312 2002 the information has not materially changed www.coreexploration.com.au since it was last reported 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 There can be no assurance that exploration of the Tenements, or (“Core”, “Company”) and provided as a basic overview of the bodies corporate and their representatives expressly disclaim any other tenements that may be acquired in the future, will result tenements held or controlled by the company. This presentation liability for any loss or damage arising in respect of your reliance on in the discovery of an economic ore deposit. Even if an apparently does not purport to be all-inclusive or to contain all the information the information contained in this document (including your reliance viable deposit is identified, there is no guarantee that it can be that you or any other party may require to evaluate the prospects on the accuracy, completeness or reliability of that information), economically exploited. of the Company. or any errors in or omissions from this presentation, including any This document contains statements which may be in the nature liability arising from negligence. None of the Company, any of its related bodies corporate or any of forward-looking statements. No representation or warranty is of their representatives assume any responsibility for, or makes any The mineral tenements of the Company as described in this given, and nothing in this presentation or any other information representation or warranty, express or implied, with respect to the presentation are at various stages of exploration, and potential made available by the Company or any other party should be relied accuracy, reliability or completeness of the information contained investors should understand that mineral exploration and upon as a promise or representation, as to the future condition of in this document and none of those parties have or assume any development are high-risk undertakings. the respective businesses and operations of the Company. 22 obligation to provide any additional information or to update this document.