CORE LITHIUM LTD — Investor Presentation 2016

Feb 9, 2016

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NT LITHIUM PROJECTS

ASX code: CXO

DISCLAIMER

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| LITHIUM potential | February 2016 | Core Exploration Ltd

COMPANY INFORMATION

Shares Price A$ ~$0.025 Shares on issue 175M Options (CXOOA 5c Aug17) 55M Market cap (undil) ~$4M Cash (31/12/15) ~$0.21M Top 20 (consolidated) ~40% Number of shareholders ~800

Share price

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Management

Stephen Biggins – Managing Director ex SAU, IVR

Greg English – Chairman AXE, LCK

Heath Hellewell – Non-executive Director MGY, DKY, ex DRM

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| LITHIUM potential | February 2016 | Core Exploration Ltd

LITHIUM DEMAND

The price of lithium has surged on the back of growing global demand for high-tech devices, storage batteries and electric cars. Both those commodities (lithium carbonate and lithium hydroxide) have had a very significant price rise late in 2015.

In early December 2015 lithium was trading at ~$10,000/t and by year end it was ~$14,000/t.

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| LITHIUM potential | February 2016 | Core Exploration Ltd

FACTORS DRIVING LITHIUM DEMAND

An increasing switch to renewable energy sources.

Fast-growing global middle class obtaining smart phones, laptops etc.

Major companies planning for electrification of vehicles.

Several new lithium-ion battery megafactories | LITHIUM potential | February 2016 | Core Exploration Ltd 5 are being developed.

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LITHIUM DEMAND
BY APPLICATION
2014 2025
200,000t of LCE 500,000t of LCE
Source: Australian Business Review, Nov 2015
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LITHIUM OUTLOOK

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Lithium-ion batteries driving demand Energy dense consumer batteries 20% annual growth since 2000 Currently 30% of global market

Electric vehicles and E-bikes Currently 3% of global lithium market Growth acceleration expected from 2015

Large format batteries for electricity grid stabilisation Potentially significant future demand

Conventional applications Currently 70% of global market Glass and ceramics typically use technical-grade concentrate

Source: Australian Business Review, Nov 2015

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| LITHIUM potential | February 2016 | Core Exploration Ltd

ASX LITHIUM SECTOR COMPARATIVE MARKET CAP

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| LITHIUM potential | February 2016 | Core Exploration Ltd

FINNISS LITHIUM PROJECT AND MINE : FAST TRACK LITHIUM EXPLORER TO DEVELOPER

All of Australia’s economic resources of lithium are hard-rock pegmatite deposits The world largest lithium deposit is the Greenbushes tin-tantalum-lithium pegmatite mine in WA Core has recently added the largest tintantalum pegmatite mine in the NT to the Company’s portfolio of lithium projects CXO’s new Mt Finniss Mine and Lithium Project in the NT is 100% owned

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| LITHIUM potential | February 2016 | Core Exploration Ltd 8

MT FINNISS PEGMATITE MINE, NT v GREENBUSHES PEGMATITE MINE, WA Mt Finniss Mine, NT – the largest tin tantalum mine in the NT (100% CXO) -Tin production at Mt Finniss started in the 1880’s

• -Early production from alluvials and then from primary pegmatites

-Tantalum production started in the mid 1900’s -No modern systematic exploration for lithium

Greenbushes Mine, WA - now the world’s largest lithium deposit (Talison)

-Tin production at Greenbushes started in the 1880’s

• -Early production from alluvials and then from primary pegmatites

• -Tantalum production started in the mid 1900’s -~100 years later exploration discovers economic lithium and lithium production starts

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| LITHIUM potential | February 2016 | Core Exploration Ltd 9

FINNISS LITHIUM PROJECT, NT

Finniss Lithium Project in the NT

• Core has extended lithium focus in the NT into the highly prospective Bynoe pegmatite field

• Large project tenure covers 200km2 in the lithium rich Bynoe pegmatite field

• Spodumene and amblygdonite identified in the Bynoe pegmatites, however historic mining and exploration focussed on tin tantalum

• Strong endowment of tin and tantalum in pegmatites suggest high potential for lithium grades

• Other ASX lithium companies positioning into this highly prospective pegmatite field

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| LITHIUM potential | February 2016 | Core Exploration Ltd

FINNISS LITHIUM PROJECT – CXO EXPANDS LITHIUM FOCUS

Finniss Lithium Project in the NT (100% CXO)

Bynoe one of the most prospective lithium pegmatite fields in the NT Exploration for lithium in the Bynoe Field is still in its infancy Spodumene and amblygonite have been reported on LTRs’ adjacent tenure

Little modern systematic exploration for lithium has been conducted on Core’s new Bynoe tenure Highly fractionated and zoned lithium-endowed (LCT) pegmatites comprise quartz, albite, K-spar, tourmaline, beryl, etc

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CXO STRONG LITHIUM POSITION IN NT Harts Range Lithium Project in the NT (100% CXO)

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• Building on Core’s expertise and experience in the NT and Core has identified highly prospective lithium rich pegmatite fields

• Core’s extensive research has recognised spodumene and lithium minerals in pegmatite fields in the Arunta

• Core already has large tenement holding in the Arunta geology in and around the Harts Range and Mt Riddock pegmatite fields in the Arunta

• Recent Chinese Joint Venture on Core’s Blueys Project in the NT enables Core to refocus resources on NT lithium prospectivity

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HARTS RANGE AND MT RIDDOCK PEGMATITES

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WHY INVEST IN CXO

Largest tin tantalum pegmatite mine in the NT and strong tenement portfolio of lithium-rich pegmatites

Lithium : surging demand and tight supply

CXO’s EV of ~$4-5M is currently multiples below peer ASX lithium explorer valuations

CXO’s Finniss Lithium Project includes the largest tin tantalum mine in the NT that has similar history to Greenbushes and high potential for lithium grades CXO already has large tenement holding in the NT and includes the Harts Range and Mt Riddock pegmatite fields Recent Chinese Joint Venture on Core’s Blueys Project in the NT enables Core to refocus resources on NT lithium Pipeline of potential lithium projects and lithium news flow

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| LITHIUM potential | February 2016 | Core Exploration Ltd 14

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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. The report includes results that have previously been released under JORC 2012 by Core on 08/02/2016 “New Lithium Project includes largest tin tantalum mine in NT”. The Company is not aware of any new information that materially affects the information included in this announcement.

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| LITHIUM potential | February 2016 | Core Exploration Ltd 15 ASX code: CXO