DIATREME RESOURCES LIMITED — AGM Information 2015

May 27, 2015

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DIATREME RESOURCES LIMITED ABN: 33 061 267 061 Po s tal Address: P.O Box 1 0 288 Brisb a ne Adelaid e Street QLD 4000 Regis t ered Office: Level 2 8 7 Wickham T errace S p ring Hill QLD 4000 PH: +61 (0)7 3 8 32 5666 www.dia t reme.com.au manag e r@diatrem e .com.au

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ASX : DRX

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28 Ma y 2015

CHAIRMAN’S ADDRESS Presented to Annual General Meeting of Shareholders Thursday 28 May 2015

Dear s h areholders

Firstly, t hank you f o r attending today’s me e ting.

The pa s t year has seen signifi c ant progre s s for Diatr e me Resou r ces and w e are now i n a much stronger position a s a compan y .

Followi n g last July ’ s restructu r ing, we no w have a n e w team in place. Thi s includes m yself as Chairm a n and M r Neil McI n tyre as C hief Executive Office r , along w i th an exp e rienced manag e rial and technical team.

I would like to tha n k our previous Execu t ive Chairman/CEO, Mr Tony Fa w don, and E xecutive Directo r -Operation s , Mr David Hall, for the i r years of p ast service to the com p any.

Howev e r, our cha n ge of leadership allo w ed for su c cessful re- e ngagemen t with inve s tors, as shown b y the succ e ss of rece n t fund-raisi n g activities . This is par t icularly im p ortant in th e current market, where inve s tor appetit e for risk ha s diminishe d considera b ly.

Diatre m e’s new te a m has ‘ski n in the ga m e’ and is c o mmitted to delivering f o r sharehol d ers. We are foc u sed on ex t racting ma x imum ben e fit from our high valu e resource projects, le d by the Cyclon e Zircon Pro j ect, while m inimising o v erheads.

An exa m ple of our s uccess in c utting exc e ss costs is o ur teneme n t portfolio. From 29 exploration properties in 2013, with associated holdi n g costs, w e now have just nine, i n cluding fo u r mining leases. This has b e en achieve d by divesti n g greenfiel d exploratio n areas whi c h do not s a tisfy our rigorou s new com m ercial, geol o gical and g eographic r eview proc e ss.

This re l entless foc u s on crea t ing value, b y minimisi n g overhea d s and pro g ressing hi g h value project s , is the bes t strategy for Diatreme. Cyclon e is our flag s hip project , and our re c ent achiev e ments have confirme d its status a s one of the hig h est zircon g rade proje c ts under de v elopment.

In rece n t months, Cyclone h a s been ef f ectively ‘d e -risked’ for further inv e stment, w h ile also gaining an expand e d mine life.

Recent milestones for Cyclone have inclu d ed:

• (i) Acquiring Image Res o urces’ Eu c la Basin t e nement, i n cluding its Cyclone E xtended Heavy Min e ral Resource, thereby extending Cyclone’s f o recast mi n e life by more than five years;

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DIATREME RESOURCES LIMITED

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• (ii) Concluding an agreement with the traditional owners, the Spinifex People, which will generate substantial economic benefits for the Indigenous community;

• (iii) The award of a Mining Lease from the Western Australian government, and submission of a Public Environmental Review (PER) report;

• (iv) Successfully upgrading Cyclone’s Mineral Resource, which is now estimated at 211 million tonnes at 2.3 per cent heavy minerals (HM). It now contains 4.8 million tonnes HM, a 60 per cent increase. *

These achievements show we have succeeded in advancing our key project, despite difficult market and economic conditions.

We now aim to obtain environmental approval, as well as further reduce the project’s capital and operating costs.

Based on recent discussions with Chinese investors, we now see a significant opportunity in supplying heavy mineral concentrate. Thanks to our recent funding agreement, we are now in a position to advance the project’s definitive feasibility study (DFS) and unlock the value of this important project.

Independent equity analysts have identified significant value in Cyclone, which is expected to come into production in 2017 at a time of improving prices. With the added benefit of a lower Australian dollar, we expect to generate healthy profits.

Importantly, Diatreme is not a one-project company. Our project pipeline includes mineral sands projects at Cape Bedford and Grays Hill, as well as the Tick Hill Gold Project, all in Queensland.

The Tick Hill Gold Mine is one of the highest grade gold deposits in Australia’s recent gold producing history. Together with our partner, Superior Resources, we aim to explore the potential for high-grade gold in one of Queensland’s most famous mining districts.

Looking ahead, it is hard not to be optimistic about the outlook for our company. China continues to industrialise and to implement its silk-road economic belt strategy linking Asia and Europe, with its central and western areas catching up to the eastern seaboard. Meanwhile, the rest of Asia is rapidly growing, including India and ASEAN, with “decades of urban growth to come,” according to the World Bank.

This will result in continued growth in demand for resources, including mineral sands, with an increasing number of product end uses.

With attractive, high-value projects, investor support and an experienced management and board, Diatreme has all the elements for continued success.

I would like to conclude by thanking all involved with our company for your support, including shareholders, employees, contractors and other stakeholders. We are confident of further progress in fiscal 2016, as we work to repay your loyalty by maximising shareholder value.

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William Wang Chairman

• DRX ASX release dated 9 April 2015

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