CORE LITHIUM LTD — Investor Presentation 2015

Mar 30, 2015

Core : CXO AUSTRALIA’S Update March 2015

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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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Albarta Project, NT

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

• Recent AEM surveys have defined conductive targets at Jervois close to copper discoveries by KGL and RXL

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

• Update analysis from Jervois Domain CSIRO research project expected shortly

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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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• Exploration continuing on a regional basis to test extentions of Inkheart discovery

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Multiple Prospects

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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

Geophysical/Geochemical/ Geological Target

Roxby (Cu/Au/U) ~~J~~ ervois Domain ( ~~Cu) Ink~~ heart (Ag/Pb/ ~~Zn)~~ Yambla (U) ? Yerelina (Zn/Pb) Fitton (U) Frome (U) Inkheart Extensions (Ag/Pb/Zn) Rate and rank Rate and rank Rate and rank Scoping gateway gateway gateway Study

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5 increasing value and advancing exploration

Core’s Jervois Domain, NT

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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 • 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 9 towards drilling at Jervois

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

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Mineralisation open over 500m

• Discovered by Core at in first drill program in the NT

• Thick mineralised zones at Inkheart are open along strike and depth

• Core’s second drill program extends mineralisation over 500m

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• 80km possible strike extension

• Core’s Inkheart discovery is a new sulphide mineralisation style

• 80km of untested potential in the Bitter Springs geology for more mineralisation

• Regional geochem surveys underway developing targets

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Catalysts for price growth Core is opening up a new exciting exploration province and advancing into the discovery phase of exploration 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 underway next week and then ground geophysics building robust drill targets

• Inkheart/Blueys

• » Geochemical surveys underway to extend mineralisation model

• » Will then assess follow-up drilling of Inkheart

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Company Snapshot

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Board & Management Stephen Biggins Managing Director Greg English Non-Exec Chairman Heath Hellewell Non-Exec Director Colin Skidmore Exploration Manager Jarek Kopias CFO/Company Secretary Shares Price A$ ~$0.028 Shares on issue 150M Market cap ~$4.2M Cash (31/12/14) ~$1.2M Top 20 (Consolidated) ~45%

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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:

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

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