EMU NL — AGM Information 2018

Nov 29, 2018

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Vidalita: Finding an elephant in elephant country

AGM Marcus Flis 30 November 2018

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Legal Disclaimer
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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 Marcus Flis who is a Fellow of The Australasian Institute of Mining and Metallurgy. Mr Flis is the General Manager of EMU NL and has sufficient experience that is relevant to the style of mineralisation 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. MrFlis consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Creating value from exploration for investors

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Vidalita: FIRST of SEVEN prospects
delivers
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THICK INTERCEPTS of Au, Ag, Cu, Pb, and Zn in FIRST round of drilling BONANZA gold and silver grades targeted WORLD CLASS ORE BODY genuine potential to deliver DERISKED exploration play

COST-EFFECTIVE EXPLORATION due to Emu’s application of aircore drilling MINING TITLE IN PLACE

SPADE READY in as little as 4 years

MINING DISTRICT with local infrastructure and support LOW SOVEREIGN RISK mining friendly, developed law: low business risk COMMERCIAL WISDOM ESTABLISHED as EMU enters 3[rd] field season

Early exploration success, huge potential identified

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Located in the Maricunga Gold Belt
- home to giant gold deposits
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Salares Norte
3.7Moz Au 50Moz Ag
Goldfields @ 4500m
Nueve Esperanza
La Coipa
1.5Moz Au
1.8Moz Au, 65Moz
Kingsgate @4200m
Ag @ 4100m
Lobo Marte
6.2Moz Au
Anglo American @ 4300m
Volcan
8.9Moz Au
Hochschild, @ 5130m
Refugio
3.3 Moz Au
Kinross @ 4400m
Caspiche Cerro Casale
23Moz Au 54Moz Ag, 23Moz Au 74Moz Ag,
Goldcorp @ 4650m Barrick @ 4450m
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A proven gold belt with over 100 million ounce gold endowment

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Maricunga Belt-Style Orebodies
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Salares Norte (Goldfields)

3.7Moz Au , 50Moz Ag

Cerro Maricunga (Atacama) 6Moz Au , 4Moz Ag

Caspiche (Goldcorp) 23Moz Au , 54Moz Ag

Cerro Casales (Barrick/Goldcorp) 23Moz Au , 59Moz Ag Refugio/Maricunga (Kinross) 6.3 Moz Au

Alturas (Barrick) 7Moz Au

Vidalita

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the right location

Modified from World Gold Epithermal Au-Ag, Cornett, G., 2013, World Gold Conference, Brisbane, 26-27 Sept 2013, AusIMM.

A proven gold belt with over 90 million ounces of gold resources

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Strong land position, surrounded by
majors
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• 136km[2] held 100% in

own right or under option 120km east of Copiapo, Chile

• Emu surrounded by global majors

• Two Tier 1 gold deposits within 30km

(Caspiche 23Moz & Refugio 6Moz)

• Comparative orebody sizes shown at the same scale

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3.7Moz Au
volcano
23Moz Au
7Moz Au
5 km
5 km
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Strategic holding in a highly prospective and sought after area

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Aircore drilling technology applied in
high Andes
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Emu has introduced deep aircore drilling technology to the high Andes

• Intense alteration allows its use,

• Cost is about 1/5[th] of Chilean RC driller’s costs, and

• Productivity is up to 5 times higher than RC

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• Sample is superior to RC and akin to DDH core

• Excellent geology is obtained

• A huge competitive edge

Clear path to exploration success

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2018 Drilling grabs an elephant by the tail
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Section 5700 Section 5300

Emu has undertaken first ever exploration drilling in this virgin area

28 Aircore holes for 4,203m, 7 RC holes for 813m, and 5 diamond holes for 950m completed

Targeted three high surface gold and silver geochemistry zones on 200m spaced sections at Vidalita

Shallow drilling to test geochemistry, deep drilling to test geology

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The right rocks seen at depth
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Silicification seen at Barrick’s Alturas deposit has analogues at Vidalita

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Chalcedony with sulphides from AC hole 5100-1 (92m)

Alunite rich vuggy silica (DDH 5300-2 at 50m, 1.21g/t Au)

Vuggy silica units tend to be pervasively Au-Ag mineralised

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Discovery: classic gold-silver epithermal
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• Brecciated diatreme with vuggy silica-alunite cap

• Long intercepts of gold and silver mineralisation:

• 48m @ 0.64g/t Au

• from 32m

• 190m @ 0.23g/t Au

• High gold grades present:

• 1m @ 8.4g/t Au in 4m @ 2.8g/t Au

• Polymetallic:

• 4m @ 0.4% Zn in

22m @ 0.22% Zn

• Space to fit a multi-million ounce gold orebody

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Vidalita Section 5300
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Consistently pervasive gold and silver mineralisation

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Polyphased: Copper rich zone emerges
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• Copper rich in north

• 1m @ 5.4% Cu in

37m @ 0.24% Cu from 181m in 5700-1

• Thick intercepts of gold:

• 14m @ 0.36g/t gold in

from 167m in 5700-1 89m @ 0.2g/t Au

• Higher silver grades present:

• 1m @ 1049g/t Ag in 6m @ 211g/t Ag

• Polymetallic:

• 1m @ 3.64% Zn in

69m @ 0.26% Zn from 168m in 5700-1

• 1m @ 2.24% Pb in

18m @ 0.25% Pb from 207m in 5700-1 Vidalita Section 5700

Consistently pervasive gold and silver mineralisation

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Targets for the 2018-19 campaign
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Arroyo Ancho : pervasive large scale alteration around an andesite cap. High Vidalita C : high precious metal assays precious metal assays in covered area, not yet Jotahues : massive resolved sulphide outcrop, precious metal anomalism, intense Vidalota D : Au-Ag alteration anomalies Vidalota : High Peon 4 : Strong coherent alteration, high Au-Ag 600x1200m belt, Vidalita : strong drilling precious metal HSE pathfinder elements results; space for an orebody assays 12 Only one of seven compelling areas drilled so far, and that was successful

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Emu: a compelling investment
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Thank you
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ASX: EMU info@emunl.com.au www.emunl.com.au 08 92264266

Creating value from exploration for investors

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