CORE LITHIUM LTD — Investor Presentation 2015

Apr 12, 2015

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Core : CXO

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and Uranium Session SAREIC Conference Adelaide 13th April 2015

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Disclaimer

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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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Active NT exploration and SA uranium projects

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NT QLD Albarta copper and base metals SA Fitton uranium

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N

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Core’s uranium projects

• Core has made an outstanding discovery of high grade uranium on the 100% owned Fitton Project in South Australia

• Core’s Fitton drilling in 2012 & 2013 intercepted exceptionally thick and high grade uranium

• Significant “new” discovery with genuine upside

• Fitton is located in a world-class, low-risk uranium mining jurisdiction

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Fitton uranium discovery

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• Core’s uranium discovery at Fitton only 25km from 3 operating uranium mines

• Proven world-class uranium mining district: » Beverley Mine

• » Beverly North Mine

• » Four Mile Mine

• Also host to new uranium deposits and exploration discoveries

• » Four Mile North East

• » CXO’s Fitton

• First class and low risk exploration mining and export jurisdiction

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300,000mE 350,000mE 400,000mE
6,700,000mN
Scott Lee (60m@500ppm U3O8)
New Four Mile North East (70-80Mlb U3O8)
Four Mile Mine (71Mlb U3O8)
Beverley Mine (46Mlb U3O8)
Mt Gee (69Mlb U3O8)
6,650,000mN Beverley North Mine (8.8Mlb U3O8)
Area reserved
from mining
0 20
Valkathunha - Gammon Ranges Kilometres
National Park
Fitton 06
Core EL
SOUTH
Core ELA AUSTRALIA
SOUTH AUSTRALIA
Quasar (Heathgate) licences
FITTON PROJECT
Quasar/Alliance JV
Quasar/Paladin JV Location of tenure and
Major uranium occurence major uranium deposits
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Fitton: one of the best uranium discoveries

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• Core’s exploration work and drilling to date at Fitton has now confirmed that :

• uranium mineralisation outcrops (up to 0.30% U3O8 at surface)

• uranium mineralisation has high grade at depth (up to 4m @ 0.31% U3O8)

• indications of uranium mineralisation over substantial intersections (60m @ 0.05% U3O8)

• uranium mineralisation has been drilled and is open below 150m depth

• the mineralised Scott Lee structure has been drilled over 1km of strike and is open in both directions

• uranium mineralisation close to major unconformity

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Scott Lee Prospect

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• Host structure associated with mineralisation consistently intersected over 1km

• Structure open to both east and west and at depth

• Many additional structures close to major unconformity in the region to test

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Drill section
Drill section
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Scott Lee drill results

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Hole SLRC017 21m @ 384ppm (0.04%) U3O8 from 40m Inc. 6m @ 978ppm (0.10%) U3O8 from 54m Hole SLRC022 19m @ 487ppm (0.05%) U3O8 from 79m Inc. 6m @ 1,112ppm (0.11%) U3O8 from 89m Hole SLRC028 60m @ 482ppm (0.05%) U3O8 from 53m Inc. 35m @ 750ppm (0.08%) U3O8 from 53m Inc. 4m @ 3,100ppm (0.31%) U3O8 from 55m Hole SLRC029 75m @ 268ppm (0.03%) U3O8 from 82m Inc. 31m @ 452ppm (0.05%) U3O8 from 126m

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Thick and high-grade uranium

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6,686,950mN 6,686,900mN 6,686,850mN 6,686,950mN 6,686,900mN 6,686,850mN
North South North South
150mRL
1m @355ppm U3O8 from 25m 150mRL 1 1m@103ppm U3O8 from 21m
21m@384ppm U3O8 from 40m 11m@1309ppm U3O8 from 49m
including 6m@978ppm U3O8 from 54m including 5m@2544ppm U3O8 from 51m
Granite
2 9m@100ppm U3O8 from 76m 100mRL
21m@230ppm U3O8 from 110m
100mRL including 5m@588ppm U3O8 from 112m
19 m@487ppm U3O8 from 79m
including 6m@1112ppm U3O8 from 89m Granite
Granite 75m@268ppm U3O8 from 82m
including 31m@452ppm U3O8 from 126m
60m@482ppm U3O8 from 53m 50mRL
in cluding 35m@750ppm U3O8 from 53m
with 4m@3100ppm U3O8 from 55m Granite
50mRL
Doleritic 4m@100ppm U3O8 from 180 m 0mRL
schist SOUTH AUSTRALIA SOUTH AUSTRALIA
FITTON PROJECT FITTON PROJECT
SCOTT LEE PROSPECT SCOTT LEE PROSPECT
0 metres 30 Cross section 365575 0 30 Doleriticschist Cross section 365500
Looking east metres Looking east
? ? ? ?
Fitton 04 Fitton 05
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124m
187m
87m
112m
42m
54m
90m
114m
142m
SLRC003
SLRC011
SLRC022
SLRC017 SLRC021
SLRC008
SLRC012
SLRC028
SLRC029
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CXO has substantial tenure position

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300,000mE 350,000mE 400,000mE
6,700,000mN
Scott Lee (60m@500ppm U3O8)
New Four Mile North East (70-80Mlb U3O8)
Four Mile Mine (71Mlb U3O8)
Beverley Mine (46Mlb U3O8)
Mt Gee (69Mlb U3O8)
Beverley North Mine (8.8Mlb U3O8)
6,650,000mN
Area reserved
from mining
0 20
Valkathunha - Gammon Ranges Kilometres
National Park
Fitton 06
Core EL
SOUTH
Core ELA AUSTRALIA
SOUTH AUSTRALIA
Quasar (Heathgate) licences
FITTON PROJECT
Quasar/Alliance JV
Quasar/Paladin JV Location of tenure and
Major uranium occurence major uranium deposits
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Includes new roll front uranium targets

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360,000mE 380,000mE 400,000mE
Area reserved
from mining
Beverley North Mine (8.8Mlb U3O8)
New Four Mile North East (70-80Mlb U3O8)
Four Mile Mine (71Mlb U3O8)
6,660,000mN
Beverley Mine (46Mlb U3O8)
6,640,000mN
LAKE FROME
0 10
Kilometres
Fitton 07
Core ELA
Quasar (Heathgate) licences
SOUTH AUSTRALIA
Quasar/Alliance JV
FITTON PROJECT
Quasar/Paladin JV
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Major uranium deposit Location of tenure, major uranium deposit
and uranium channel radiometric image
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Core’s uranium projects

• Core holds an outstanding discovery of high grade uranium on the 100% owned Fitton Project in South Australia

• Significant “new” discovery with genuine upside

• Project includes substantial tenure position including sedimentary and hard-rock uranium targets

• • Located in a world-class, low-risk uranium mining jurisdiction

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Albarta Project, NT

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Core has 100% owned tenure covering over 2,000km[2 ] - Albarta and Jervois Project, NT

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NT
QLD
WA
SA
Darwin NSW
VIC
TAS
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• Recent surveys have defined targets at Jervois close to copper discoveries by KGL and RXL

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• Core’s current exploration “on the ground” at Jervois Domain building robust drill targets

• New results from Jervois Domain expected shortly

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�����������
Albarta Project
Alice Springs
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Multiple Prospects

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Core’s Jervois Domain, NT

500m from KGL’s 13m @ 5.75% Cu

and close to RXL’s 38m @ 4.4% Cu Significant success for the east Arunta

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Jervois Domain Project

Local Exploration Implications: the ‘big’ J

• New independent study strengthens potential of Core’s Big-J Fold

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J-Fold general trend of known
mineralisation
BIG-J general trend of
new targets
trend of various
F2
fold axial planes
isoclinal folding if NO shearing
would have occurred
F4
•
F3? Increasing tonnage of
known local resources?
•
Local structures / isoclinal
folding / repetition
•
Geophysical targets:
Core tenure Sulphide/magnetite and
KGL Jervois tenure F4 gabbros
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• Core’s 100% owned tenure covers 15km of the highly prospective Big-J

TMI + aerial photography overlay, J-Fold gross-structure

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Jervois Domain Project

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Core’s Big-J interpeted as possible folded extension to KGLs J-fold “line of lode”

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Jervois Domain Project

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• Prospective zone is magnetic like Jervois

• Mapping has confirmed Bonya Metamorphics host-rocks like Jervois

• Core recent AEM survey has also identifed multiple features

• CSIRO analysis of AEM and Magnetics building towards drilling at Jervois

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Catalysts for price growth

Core is opening up a new exciting exploration province in the NT and advancing into the discovery phase

• Federal Government co-funded CSIRO Study underway on Core’s Jervois and Albarta Projects in the Northern Territory :

• » AEM and Magnetic Survey Analysis expected over coming weeks

• » Ground geochemistry and geological mapping underway at Jervois

• » Ground geophysics planned to refine robust drill targets at Jervois

• • 100% owned significant uranium discovery in world class uranium mining and exploration province in SA

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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

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30/03/2015 Study strengthens potential of Cores Jervois Domain Project 10/02/2015 Federal co-funded CSIRO research targets CXO Jervois Domain 29/01/2015 Jervois Domain Final AEM Confirms Conductive Targets 19/01/2015 Quarterly Activities and Cashflow Report 31 December 2014 07/11/2014 AEM Survey finds Multiple Conductive Targets, Jervois NT 03/11/2014 New Intersections Extend Mineralisation at Inkheart, NT 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 22/07/2014 Core Commences Exploration on Jervois Region Tenements, NT 17/06/2014 High Grade Silver Lead from Albarta Drilling Program NT 17/03/2014 New Copper Prospects Discovered in the NT

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:

This report also 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 the announcement dated 13th May 2012 and titled Thick and High Grade Uranium Intersections, Fitton Project, SA.

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