EMU NL — AGM Information 2017

Nov 8, 2017

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EMU NL Annual General Meeting Big Targets in the Maricunga Gold Belt Encouraging Results Getting the job done

9 November 2017

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Investment proposition

EMU is an ASX listed company seeking to deliver tangible outcomes for investors from exploration. This is achieved through:

Seeking substantive mineralised systems capable of forming commercially attractive ore deposits that can be developed or exploited using existing technologies;

Reducing risk by selecting operating environments with established mining law and mining industries;

Applying best practice exploration technologies;

thus allowing investors to benefit from the considerable depth of experience of the management team, with a track record exploration success leading to new mine developments.

We are active, completing meaningful programs of work.

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Agenda

Big targets in the Maricunga Gold Belt, Atacama Region, Chile

Why we are here and what we seek to find

Encouraging results

Initial exploration work Has been highly encouraging, high grades in the right rocks

Getting the job done

Field activities for 2017/18 have commenced

Experienced geological team testing existing and new tenements Drill testing to follow

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Big targets

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Images of Barrick Pascua Lama operation and recent Alturas discovery, courtesy of Barrick, Toronto Geological discussion Group April 2016

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Maricunga Belt, Chile

Selected the Maricunga Belt of Chile

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Modified from Goldfields presentation, AME Roundup, Vancouver 2017

Established mining region

Considerable precious metal endowment

with

Meaningful exploration potential

As evidenced by

Recent substantial discoveries

• Salares Norte (3.3Moz gold, 42.1Moz silver) discovery 2011

• Alturas ( 5.5Moz gold ) discovery 2015

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We are looking for large gold -silver deposits

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Exploration in the Maricunga and El Indio Belts have identified large precious metal (gold-silver) deposits in high sulphidation epithermal systems

• They have distinct alteration patterns, frequently with an un-mineralised “cap”

• There is often limited outcrop, though evidence can be found from detailed mapping of available exposures

• They can be silver-rich

• Geochemical surveys have been used with some success, setting drill targets

Source- Exploration Alliance presentation

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Project details

• The Vidalita- Jotahues prospect area occurs ~120km east of the city of Copiapo in the Atacama Region of Northern Chile

• Soil sampling by Emu NL defined a target area of dimensions > 4 X 2km, which remains open owing to the extent of the current sampling data

• In the last field campaign we drilled three diamond drill holes which confirmed the geological environment, showing the surface geochemistry to have a local source

• We have added to our tenement holdings, seeking prospective ground

• We have built a team of experienced geoscientists

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Project details

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We have substantially expanded our tenement position The area is dominated by major mining companies

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Encouraging Results

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Encouraging Results

Alteration mapping

Landsat imagery is used to identify alteration systems. This information helps target new concessions and set programs for field investigation.

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Encouraging Results

Surface geochemistry

Results of the soil sampling program from the last field season defined an extensive surface geochemical anomaly measuring > 4km x 2km

The anomaly was defined by gold and silver- as well as trace elements that are typically associated with these types of deposits

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Encouraging Results

Rock chips

We have identified and sampled gold and silver- bearing rocks across the Vidalita and Jotahues tenements

Equivalence at London close 9/11/17 USD pricing 75g/t silver ≈ 1g/t gold 150g/t silver ≈ 2 g/t gold

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Encouraging Results

Rock chips – Vidalita north area Individual samples of rocks in this area show better grades of 0.20 g/t Au + 21.2 g/t Ag 4.28 g/t Au + 66.3 g/t Ag 8.98 g/t Au +159 g/t Ag From silicified, iron-rich, oxidized rocks. Silver occurs in significant amounts

Equivalence At spot USD pricing 75g/t silver ≈ 1g/t gold 150g/t silver ≈ 2 g/t gold

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Encouraging Results

Rock chips – Vidalita central area Individual samples of rocks in this area show better grades of

1.57 g/t Au + 35.7 g/t Ag 5.54 g/t Au + 89.7 g/t Ag 14.5 g/t Au + 177 g/t Ag

From silicified, iron-rich, oxidized rocks. Silver occurs in significant amounts

Equivalence At spot USD pricing 75g/t silver ≈ 1g/t gold 150g/t silver ≈ 2 g/t gold

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Encouraging Results

Rock chips – Vidalita south area

Individual rocks in this area show better grades of

3.08 g/t Au + 50.2 g/t Ag 5.24 g/t Au + 14.4 g/t Ag 5.71 g/t Au + 17.8 g/t Ag 32.9 g/t Au + 25.3 g/t Ag

From silicified, iron-rich, oxidized rocks with traces of pyrite.

Equivalence At spot USD pricing 75g/t silver ≈ 1g/t gold 150g/t silver ≈ 2 g/t gold

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Encouraging Results

Rock chips – Jotahues We are currently following up earlier mapping of silicified, iron-rich, oxidized rocks The area sits on the margin of a large alteration zone with distinct mercury and bismuth anomalies. Both elements are indicators of the style of mineralization sought.

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----- Start of picture text -----

Alteration zone
Bismuth
anomaly
Mercury
anomaly
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Encouraging Results

A promising structural setting …and a distinct and extensive geophysical anomaly

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What comes next?

Results from the sampling at Jotahues

Completion of the first pass soil sampling program over the Vidalita project

Commence the drill testing of the anomalies and targets

Additional sampling at Jotahues and follow up drilling if justified

Prospecting of regional properties under application once they are granted

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Getting the job done

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Getting the job done

We have assembled an experienced team of geoscientists

Our field team was deployed 31 October to follow up the anomalous talus samples and the pyritiferous gold and silver bearing rocks in the north of the Jotahues tenement area

A high priority is to complete the extensive geochemical survey coverage over the Vidalita tenements to define the extent of the anomaly, map and sample available exposures

Planning and site preparation is well underway for the forthcoming drilling program

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Key message

Substantive exploration program of geochemical sampling, mapping and drilling to test a large target in a highly prospective region

The results to date are consistent with the style of mineralisation sought

We have planned a 6-10,000 metre air core drill program and up to 2,000 metres of core drilling. By using a different drilling method, we aim to benefit from a more productive program.

We get things done

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ASX:EMU

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Ordinary fully paid shares 65.91M Contributing shares 36.58M paid to 3c, 3c to pay; no call before 31/12/18

Market Cap November 2017 $14M Cash 31/9/17 ~ $2.3m

Relatively small issued share capital

Tightly held stock with Top 20 holding ~59% of ordinary shares

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Legal Disclaimer

Forward-Looking Statements

• This presentation has been prepared by EMU NL. This document contains background information about EMU NL current at the date of this presentation. The presentation is in summary form and does not purport be all inclusive or complete. Recipients should conduct their own investigations and perform their own analysis in order to satisfy themselves as to the accuracy and completeness of the information, statements and opinions contained in this presentation.

• This presentation is for information purposes only. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction.

• This presentation may not be distributed in any jurisdiction except in accordance with the legal requirements applicable in such jurisdiction. Recipients should inform themselves of the restrictions that apply in their own jurisdiction. A failure to do so may result in a violation of securities laws in such jurisdiction.

• This presentation does not constitute investment advice and has been prepared without taking into account the recipient's investment objectives, financial circumstances or particular needs and the opinions and recommendations in this presentation are not intended to represent recommendations of particular investments to particular persons. Recipients should seek professional advice when deciding if an investment is appropriate. All securities transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments.

• To the fullest extent permitted by law, EMU NL, its officers, employees, agents and advisers do not make any representation or warranty, express or implied, as to the currency, accuracy, reliability or completeness of any information, statements, opinions, estimates, forecasts or other representations contained in this presentation. No responsibility for any errors or omissions from this presentation arising out of negligence or otherwise is accepted.

• This presentation may include forward-looking statements. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions which are outside the control of EMU NL. Actual values, results or events may be materially different to those expressed or implied in this presentation. Given these uncertainties, recipients are cautioned not to place reliance on forward looking statements. Any forward looking statements in this presentation speak only at the date of issue of this presentation. Subject to any continuing obligations under applicable law and the ASX Listing Rules, EMU NL does not undertake any obligation to update or revise any information or any of the forward looking statements in this presentation or any changes in events, conditions or circumstances on which any such forward looking statement is based.

Competent Person’s Statement – Exploration Results

The information in this report that relates to Exploration Results is based on information compiled by Mr. Greg Steemson who is a Fellow of The Australasian Institute of Mining and Metallurgy. Mr. Steemson is the managing director of EMU NL and has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr. Steemson consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

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Thank you

ASX: EMU info@emunl.com.au www.emunl.com.au 08 92264266 Follow our progress on twitter @emuasx

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