EMU NL — Investor Presentation 2017

Aug 23, 2017

EMU’S CHILEAN GOLD PLAY

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23 August 2017

EMU NL ABN 50 127 291 927

1

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. 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 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. 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.

23 August 2017

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2

THE TEAM

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• HIGH CALIBRE TEAM OF SEASONED, HANDS ON PROFESSIONALS

• PROVEN TRACK RECORD OF DISCOVERY, DEVELOPMENT AND PRODUCTION

• CONTINUING TO SEARCH WORLD WIDE FOR NEW OPPORTUNITIES

• UNCONVENTIONAL THINKERS

Chairman Peter Thomas – legal background; founding director Sandfire Resources

Managing Director Greg Steemson – geologist/geophysicist; CRA Exploration, Chevron, founding partner Southern Geoscience Consultants, Metana Minerals, founding director Sandfire Resources, founding director Allied Gold, Mineral Commodities

Non-Executive Director Gavin Rutherford – mining industry contractor

Company Secretary Damien Kelly - financial

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3

WHY CHILE

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A GEOLOGICAL ENVIRONMENT

• HOSTING MAJOR MINERAL DEPOSITS OF GOLD + COPPER

• BEING DEVELOPED AND MINED

• ATTRACTING MAJOR CORPORATIONS (BARRICK, ANGLO AMERICAN, GOLDCORP, KINROSS)

• STILL UNDER EXPLORED (STARTED IN EARNEST IN THE 1990s)

• POTENTIAL FOR LARGE, HIGH GRADE DEPOSITS

• IN A COUNTRY WITH A STRONG MINING ECONOMY

• AND LOW SOVEREIGN RISK

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WHY GOLD IN CHILE

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80º 70º 60º
Perú
#
#
Arequipa La Paz
Miocene
Bolívia
# Source: Goldfields
Paleocene – Oligocene Arica
20º 2017 Vancouver
Roundup
#
AntofagastaEl Peñon
Guanaco
Salares Norte #
La Coipa
Marte-Lobo Maricunga
Caspiche Belt
Cerro Casale VIDALITA
Gold deposits ≥ 2 Moz Pascua Lama-Veladero
El Indio
El Indio-Tambo 30º
LaSerena Belt &
Low sulphidation Alturas
JOTAHUES
High sulphidation
Argentina
Porphyry SANTIAGO
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WHY MARICUNGA BELT

Salares Norte	Maricunga Gold Belt
Pedernales Salt	• Total endowment + 90 Moz AuEq.
Lake	• All, except La Coipa, Esperanza and Salares
Esperanza	Norte are porphyry-style Au (Cu) deposits; large
La Coipa Lobo Marte Cerro Maricunga 220 km	but low grade. • La Coipa in Care and Maintenance, 2013 ~7.5 Moz AuEq production over 25 years.
Volcan	• Maricunga (Refugio) suspended, 2016
	~3 Mozs Au production over 20 years.
Maricunga (Refugio)	• Salares Norte is the first discovery in the
Caspiche	northern part of the Maricunga gold belt.
Cerro Casale

~~VIDALITA & JOTAHUES~~

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Source: Goldfields 2017 Vancouver Roundup

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6

THE MODEL PART 1 - THEORY

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Mineral Deposits – The Product of Multiple Geological Processes

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1 g/t Au disseminated bulk target
High grade (>20 g/t Au) vein Concentration Factor 250 to 1000X
Concentration Factor 5,000 to 20,000X
5 g/t Au Manto
Concentration Factor
1,250 to 5,000X
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0.001 to 0.004 g/t Au
in Earths crust
www.explorationalliance.com
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Hot intrusions drive hydrothermal circulation. Fluids leach gold from low abundance crustal rocks – big systems source gold from large volumes of crust. Fluids migrate upwards along faults and permeable horizons. Ascending fluids may boil as they move into low pressure environment, will cool, and may change composition via mixing with near surface fluids – all of with result in deposition of carried metals.

Vidalita inferred to be near the top of the hydrothermal system giving it the best chance of preservation.

From one system there can be several deposits generated ranging from high grade vein and manto types to large lower grade porphyry types.

Source- copied from Exploration Alliance presentation

EMU NL ABN 50 127 291 927

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7

THE MODEL PART 2

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Maricunga Belt: Porphyry-Epithermal Model

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Steam heated alteration
Epithermal level
•
La Coipa
•
Esperanza
•
Salares Norte
Porphyry level
•
Cerro Casale
•
Lobo-Marte
•
Refugio
•
Caspiche
•
Volcan
•
Cerro Maricunga
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Source: Goldfields
2017 Vancouver
Roundup
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Modified from Sillitoe, R.H., 2010

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THE MODEL PART 3 - EXAMPLE

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– Salares Norte Gold Grade Shell

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NW LONGITUDINAL SECTION LOOKING TO NE
Top of mineralisation ~4370
Top of mineralisation ~4310
1
Open
Agua Amarga - 700m
Gold (g/t)
0 - 0.05
0.05 - 0.25 Brecha Principal - 700m
0.25 - 0.5
0.5 - 1
1 – 2.5
2.5 – 5
5 – 2,850
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SE
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At 3.3 Moz gold & 48Moz silver, this is a large deposit

Note the characteristic mineralised zone overlying the deposits

Source: Goldfields 2017 Vancouver Roundup

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THE PROJECT

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• Project selected based on alteration pattern shown on ASTER remote sensing [Vidalita less exposed than the areas further west]

• Prospecting returned surface rock geochemistry characteristic of high sulphidation epithermal systems (gold, silver, antimony, lead, arsenic, mercury)

• Soil sampling confirmed rock geochemistry and expanded the target area to 4 X 2km but not yet closed off

• Sparse outcrop in this periglacial environment so drilling is the main exploration tool

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MARICUNGA BELT

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Vidalita Project location:
Google 3D Panorama looking SW
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VIDALITA ROCKS

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Unoxidised Polymictic breccia ~114m 17VD2

Oxidised polymictic breccia ~190m 17VD2

Three holes completed – right geology – clay altered monomictic / polymictic breccias /dacite dome

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EMU NL ABN 50 127 291 927

SALARES NORTE ROCKS

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– Salares Norte Mineralisation examples in HQ drill core

Source: Goldfields 2017 Vancouver Roundup

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The Discovery and Geology of the Salares Norte Epithermal Gold-Silver Deposit, Northern Chile | January 2017

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FLAT LYING ALTERATION CAP?

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Flat lying resistivity target spatially coincident with the gold and silver geochemistry not tested by drilling – HSE system obscured by alteration cap?

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SURFACE GEOCHEMISTRY

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Composite rock, soil geochemistry and drilling to April 2017.

The surface geochemical target measures 4 x 2km with its outer boundaries poorly defined by lack of data.

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THE RESULTS – the right place

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• ALTERATION OF THE RIGHT TYPE – ARGILLIC (CLAY)

• AGE OF THE ALTERATION IN THE WINDOW – 21 MY +/- FOR THE MARICUNGA BELT

• GEOCHEMISTRY INDICATIVE OF THE RIGHT STYLE OF MINERALISATION

• ROCKS PROVIDE DIRECT EVIDENCE OF EPITHERMAL MINERALISATION

• RESISTIVITY LOW [CARLIN LOOK-A-LIKE] COINCIDENT WITH SURFACE INDICATIONS OF MINERALISATION

• DRILLING ESTABLISHES A LOCAL SOURCE FOR THE GEOCHEMISTRY WITH THE GOLD AND SILVER VALUES TYPICAL OF THE UPPER LEVELS OF THESE HSE SYSTEMS

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PROGRAM FOR NOVEMBER 17

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Soil sampling program – infill existing lines to better define drill targets and extend lines into areas where there are rock sample results

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PROGRAM FOR DECEMBER 17 >>

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Proposed drill holes for next field season using air core rig

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JOTAHUES TALUS SAMPLING

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EMU NL ABN 50 127 291 927

~~CO~~ RPORATE SNAPSHOT

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Zoom 5D 1M EMU price Jan '16	Zoom 5D 1M EMU price Jan '16	Ordinary fully paid shares ~ 65.9m Contributing shares ~36.6m (paid to 3c, 3c to pay; no call < 31/12/18) Market CapAugust 2017 ~ $10m Cash30/6/17 ~ $2.7m 3M 6M YTD 1Y 5Y MAX From 06 Nov 2015 To 20 Jun 2017 Price Volume EMU volume Mar '16 Feb '17 Apr '17 Jun '17 Jun '16 Oct '16 0.05 0.10 0.15 0.20 0.03 0.08 0.13 0.18 0.23 0M 2M Relatively small issued share capital Tightly held stock Top 20 hold ~59% ordinary shares ORD SHARES % CONTRIB % OPTIONS 65,910,387 36,580,667 Number Price ExpDate 7,507,012 11% G & B Steemson 9,570,884 26% G & B Steemson 1,750,000 $0.10 20/12/2018 6,949,634 11% P Thomas 8,503,984 23% P Thomas 1,000,000 $0.10 20/12/2018 4,214,947 6% W & J King 3,510,606 10% G Rutherford 1,000,000 $0.10 20/12/2018 s 3,452,210 5% G & M Rutherford 1,980,064 5% J F Montes 500,000 $0.10 20/12/2018 3,443,145 5% REC 1,560,706 4% D Kelly 500,000 $0.10 20/12/2018 2,472,759 4% Citicorp Nominees 950,370 3% D Kelly 300,000 $0.25 20/12/2018 d 1,819,698 3% D Michael 799,957 2% rises 915,747 1% K Leo 551,843 2% 880,000 1% RSR enterprises 551,843 2% 857,832 1% Sept Rouges 505,239 1% 32,512,984 49% 28,485,496 78% 5,050,000	Ordinary fully paid shares ~ 65.9m Contributing shares ~36.6m (paid to 3c, 3c to pay; no call < 31/12/18) Market CapAugust 2017 ~ $10m Cash30/6/17 ~ $2.7m 3M 6M YTD 1Y 5Y MAX From 06 Nov 2015 To 20 Jun 2017 Price Volume EMU volume Mar '16 Feb '17 Apr '17 Jun '17 Jun '16 Oct '16 0.05 0.10 0.15 0.20 0.03 0.08 0.13 0.18 0.23 0M 2M Relatively small issued share capital Tightly held stock Top 20 hold ~59% ordinary shares ORD SHARES % CONTRIB % OPTIONS 65,910,387 36,580,667 Number Price ExpDate 7,507,012 11% G & B Steemson 9,570,884 26% G & B Steemson 1,750,000 $0.10 20/12/2018 6,949,634 11% P Thomas 8,503,984 23% P Thomas 1,000,000 $0.10 20/12/2018 4,214,947 6% W & J King 3,510,606 10% G Rutherford 1,000,000 $0.10 20/12/2018 s 3,452,210 5% G & M Rutherford 1,980,064 5% J F Montes 500,000 $0.10 20/12/2018 3,443,145 5% REC 1,560,706 4% D Kelly 500,000 $0.10 20/12/2018 2,472,759 4% Citicorp Nominees 950,370 3% D Kelly 300,000 $0.25 20/12/2018 d 1,819,698 3% D Michael 799,957 2% rises 915,747 1% K Leo 551,843 2% 880,000 1% RSR enterprises 551,843 2% 857,832 1% Sept Rouges 505,239 1% 32,512,984 49% 28,485,496 78% 5,050,000	Ordinary fully paid shares ~ 65.9m Contributing shares ~36.6m (paid to 3c, 3c to pay; no call < 31/12/18) Market CapAugust 2017 ~ $10m Cash30/6/17 ~ $2.7m 3M 6M YTD 1Y 5Y MAX From 06 Nov 2015 To 20 Jun 2017 Price Volume EMU volume Mar '16 Feb '17 Apr '17 Jun '17 Jun '16 Oct '16 0.05 0.10 0.15 0.20 0.03 0.08 0.13 0.18 0.23 0M 2M Relatively small issued share capital Tightly held stock Top 20 hold ~59% ordinary shares ORD SHARES % CONTRIB % OPTIONS 65,910,387 36,580,667 Number Price ExpDate 7,507,012 11% G & B Steemson 9,570,884 26% G & B Steemson 1,750,000 $0.10 20/12/2018 6,949,634 11% P Thomas 8,503,984 23% P Thomas 1,000,000 $0.10 20/12/2018 4,214,947 6% W & J King 3,510,606 10% G Rutherford 1,000,000 $0.10 20/12/2018 s 3,452,210 5% G & M Rutherford 1,980,064 5% J F Montes 500,000 $0.10 20/12/2018 3,443,145 5% REC 1,560,706 4% D Kelly 500,000 $0.10 20/12/2018 2,472,759 4% Citicorp Nominees 950,370 3% D Kelly 300,000 $0.25 20/12/2018 d 1,819,698 3% D Michael 799,957 2% rises 915,747 1% K Leo 551,843 2% 880,000 1% RSR enterprises 551,843 2% 857,832 1% Sept Rouges 505,239 1% 32,512,984 49% 28,485,496 78% 5,050,000	Ordinary fully paid shares ~ 65.9m Contributing shares ~36.6m (paid to 3c, 3c to pay; no call < 31/12/18) Market CapAugust 2017 ~ $10m Cash30/6/17 ~ $2.7m 3M 6M YTD 1Y 5Y MAX From 06 Nov 2015 To 20 Jun 2017 Price Volume EMU volume Mar '16 Feb '17 Apr '17 Jun '17 Jun '16 Oct '16 0.05 0.10 0.15 0.20 0.03 0.08 0.13 0.18 0.23 0M 2M Relatively small issued share capital Tightly held stock Top 20 hold ~59% ordinary shares ORD SHARES % CONTRIB % OPTIONS 65,910,387 36,580,667 Number Price ExpDate 7,507,012 11% G & B Steemson 9,570,884 26% G & B Steemson 1,750,000 $0.10 20/12/2018 6,949,634 11% P Thomas 8,503,984 23% P Thomas 1,000,000 $0.10 20/12/2018 4,214,947 6% W & J King 3,510,606 10% G Rutherford 1,000,000 $0.10 20/12/2018 s 3,452,210 5% G & M Rutherford 1,980,064 5% J F Montes 500,000 $0.10 20/12/2018 3,443,145 5% REC 1,560,706 4% D Kelly 500,000 $0.10 20/12/2018 2,472,759 4% Citicorp Nominees 950,370 3% D Kelly 300,000 $0.25 20/12/2018 d 1,819,698 3% D Michael 799,957 2% rises 915,747 1% K Leo 551,843 2% 880,000 1% RSR enterprises 551,843 2% 857,832 1% Sept Rouges 505,239 1% 32,512,984 49% 28,485,496 78% 5,050,000	Ordinary fully paid shares ~ 65.9m Contributing shares ~36.6m (paid to 3c, 3c to pay; no call < 31/12/18) Market CapAugust 2017 ~ $10m Cash30/6/17 ~ $2.7m 3M 6M YTD 1Y 5Y MAX From 06 Nov 2015 To 20 Jun 2017 Price Volume EMU volume Mar '16 Feb '17 Apr '17 Jun '17 Jun '16 Oct '16 0.05 0.10 0.15 0.20 0.03 0.08 0.13 0.18 0.23 0M 2M Relatively small issued share capital Tightly held stock Top 20 hold ~59% ordinary shares ORD SHARES % CONTRIB % OPTIONS 65,910,387 36,580,667 Number Price ExpDate 7,507,012 11% G & B Steemson 9,570,884 26% G & B Steemson 1,750,000 $0.10 20/12/2018 6,949,634 11% P Thomas 8,503,984 23% P Thomas 1,000,000 $0.10 20/12/2018 4,214,947 6% W & J King 3,510,606 10% G Rutherford 1,000,000 $0.10 20/12/2018 s 3,452,210 5% G & M Rutherford 1,980,064 5% J F Montes 500,000 $0.10 20/12/2018 3,443,145 5% REC 1,560,706 4% D Kelly 500,000 $0.10 20/12/2018 2,472,759 4% Citicorp Nominees 950,370 3% D Kelly 300,000 $0.25 20/12/2018 d 1,819,698 3% D Michael 799,957 2% rises 915,747 1% K Leo 551,843 2% 880,000 1% RSR enterprises 551,843 2% 857,832 1% Sept Rouges 505,239 1% 32,512,984 49% 28,485,496 78% 5,050,000	Ordinary fully paid shares ~ 65.9m Contributing shares ~36.6m (paid to 3c, 3c to pay; no call < 31/12/18) Market CapAugust 2017 ~ $10m Cash30/6/17 ~ $2.7m 3M 6M YTD 1Y 5Y MAX From 06 Nov 2015 To 20 Jun 2017 Price Volume EMU volume Mar '16 Feb '17 Apr '17 Jun '17 Jun '16 Oct '16 0.05 0.10 0.15 0.20 0.03 0.08 0.13 0.18 0.23 0M 2M Relatively small issued share capital Tightly held stock Top 20 hold ~59% ordinary shares ORD SHARES % CONTRIB % OPTIONS 65,910,387 36,580,667 Number Price ExpDate 7,507,012 11% G & B Steemson 9,570,884 26% G & B Steemson 1,750,000 $0.10 20/12/2018 6,949,634 11% P Thomas 8,503,984 23% P Thomas 1,000,000 $0.10 20/12/2018 4,214,947 6% W & J King 3,510,606 10% G Rutherford 1,000,000 $0.10 20/12/2018 s 3,452,210 5% G & M Rutherford 1,980,064 5% J F Montes 500,000 $0.10 20/12/2018 3,443,145 5% REC 1,560,706 4% D Kelly 500,000 $0.10 20/12/2018 2,472,759 4% Citicorp Nominees 950,370 3% D Kelly 300,000 $0.25 20/12/2018 d 1,819,698 3% D Michael 799,957 2% rises 915,747 1% K Leo 551,843 2% 880,000 1% RSR enterprises 551,843 2% 857,832 1% Sept Rouges 505,239 1% 32,512,984 49% 28,485,496 78% 5,050,000	Ordinary fully paid shares ~ 65.9m Contributing shares ~36.6m (paid to 3c, 3c to pay; no call < 31/12/18) Market CapAugust 2017 ~ $10m Cash30/6/17 ~ $2.7m 3M 6M YTD 1Y 5Y MAX From 06 Nov 2015 To 20 Jun 2017 Price Volume EMU volume Mar '16 Feb '17 Apr '17 Jun '17 Jun '16 Oct '16 0.05 0.10 0.15 0.20 0.03 0.08 0.13 0.18 0.23 0M 2M Relatively small issued share capital Tightly held stock Top 20 hold ~59% ordinary shares ORD SHARES % CONTRIB % OPTIONS 65,910,387 36,580,667 Number Price ExpDate 7,507,012 11% G & B Steemson 9,570,884 26% G & B Steemson 1,750,000 $0.10 20/12/2018 6,949,634 11% P Thomas 8,503,984 23% P Thomas 1,000,000 $0.10 20/12/2018 4,214,947 6% W & J King 3,510,606 10% G Rutherford 1,000,000 $0.10 20/12/2018 s 3,452,210 5% G & M Rutherford 1,980,064 5% J F Montes 500,000 $0.10 20/12/2018 3,443,145 5% REC 1,560,706 4% D Kelly 500,000 $0.10 20/12/2018 2,472,759 4% Citicorp Nominees 950,370 3% D Kelly 300,000 $0.25 20/12/2018 d 1,819,698 3% D Michael 799,957 2% rises 915,747 1% K Leo 551,843 2% 880,000 1% RSR enterprises 551,843 2% 857,832 1% Sept Rouges 505,239 1% 32,512,984 49% 28,485,496 78% 5,050,000	Ordinary fully paid shares ~ 65.9m Contributing shares ~36.6m (paid to 3c, 3c to pay; no call < 31/12/18) Market CapAugust 2017 ~ $10m Cash30/6/17 ~ $2.7m 3M 6M YTD 1Y 5Y MAX From 06 Nov 2015 To 20 Jun 2017 Price Volume EMU volume Mar '16 Feb '17 Apr '17 Jun '17 Jun '16 Oct '16 0.05 0.10 0.15 0.20 0.03 0.08 0.13 0.18 0.23 0M 2M Relatively small issued share capital Tightly held stock Top 20 hold ~59% ordinary shares ORD SHARES % CONTRIB % OPTIONS 65,910,387 36,580,667 Number Price ExpDate 7,507,012 11% G & B Steemson 9,570,884 26% G & B Steemson 1,750,000 $0.10 20/12/2018 6,949,634 11% P Thomas 8,503,984 23% P Thomas 1,000,000 $0.10 20/12/2018 4,214,947 6% W & J King 3,510,606 10% G Rutherford 1,000,000 $0.10 20/12/2018 s 3,452,210 5% G & M Rutherford 1,980,064 5% J F Montes 500,000 $0.10 20/12/2018 3,443,145 5% REC 1,560,706 4% D Kelly 500,000 $0.10 20/12/2018 2,472,759 4% Citicorp Nominees 950,370 3% D Kelly 300,000 $0.25 20/12/2018 d 1,819,698 3% D Michael 799,957 2% rises 915,747 1% K Leo 551,843 2% 880,000 1% RSR enterprises 551,843 2% 857,832 1% Sept Rouges 505,239 1% 32,512,984 49% 28,485,496 78% 5,050,000	Ordinary fully paid shares ~ 65.9m Contributing shares ~36.6m (paid to 3c, 3c to pay; no call < 31/12/18) Market CapAugust 2017 ~ $10m Cash30/6/17 ~ $2.7m 3M 6M YTD 1Y 5Y MAX From 06 Nov 2015 To 20 Jun 2017 Price Volume EMU volume Mar '16 Feb '17 Apr '17 Jun '17 Jun '16 Oct '16 0.05 0.10 0.15 0.20 0.03 0.08 0.13 0.18 0.23 0M 2M Relatively small issued share capital Tightly held stock Top 20 hold ~59% ordinary shares ORD SHARES % CONTRIB % OPTIONS 65,910,387 36,580,667 Number Price ExpDate 7,507,012 11% G & B Steemson 9,570,884 26% G & B Steemson 1,750,000 $0.10 20/12/2018 6,949,634 11% P Thomas 8,503,984 23% P Thomas 1,000,000 $0.10 20/12/2018 4,214,947 6% W & J King 3,510,606 10% G Rutherford 1,000,000 $0.10 20/12/2018 s 3,452,210 5% G & M Rutherford 1,980,064 5% J F Montes 500,000 $0.10 20/12/2018 3,443,145 5% REC 1,560,706 4% D Kelly 500,000 $0.10 20/12/2018 2,472,759 4% Citicorp Nominees 950,370 3% D Kelly 300,000 $0.25 20/12/2018 d 1,819,698 3% D Michael 799,957 2% rises 915,747 1% K Leo 551,843 2% 880,000 1% RSR enterprises 551,843 2% 857,832 1% Sept Rouges 505,239 1% 32,512,984 49% 28,485,496 78% 5,050,000	Ordinary fully paid shares ~ 65.9m Contributing shares ~36.6m (paid to 3c, 3c to pay; no call < 31/12/18) Market CapAugust 2017 ~ $10m Cash30/6/17 ~ $2.7m 3M 6M YTD 1Y 5Y MAX From 06 Nov 2015 To 20 Jun 2017 Price Volume EMU volume Mar '16 Feb '17 Apr '17 Jun '17 Jun '16 Oct '16 0.05 0.10 0.15 0.20 0.03 0.08 0.13 0.18 0.23 0M 2M Relatively small issued share capital Tightly held stock Top 20 hold ~59% ordinary shares ORD SHARES % CONTRIB % OPTIONS 65,910,387 36,580,667 Number Price ExpDate 7,507,012 11% G & B Steemson 9,570,884 26% G & B Steemson 1,750,000 $0.10 20/12/2018 6,949,634 11% P Thomas 8,503,984 23% P Thomas 1,000,000 $0.10 20/12/2018 4,214,947 6% W & J King 3,510,606 10% G Rutherford 1,000,000 $0.10 20/12/2018 s 3,452,210 5% G & M Rutherford 1,980,064 5% J F Montes 500,000 $0.10 20/12/2018 3,443,145 5% REC 1,560,706 4% D Kelly 500,000 $0.10 20/12/2018 2,472,759 4% Citicorp Nominees 950,370 3% D Kelly 300,000 $0.25 20/12/2018 d 1,819,698 3% D Michael 799,957 2% rises 915,747 1% K Leo 551,843 2% 880,000 1% RSR enterprises 551,843 2% 857,832 1% Sept Rouges 505,239 1% 32,512,984 49% 28,485,496 78% 5,050,000	Ordinary fully paid shares ~ 65.9m Contributing shares ~36.6m (paid to 3c, 3c to pay; no call < 31/12/18) Market CapAugust 2017 ~ $10m Cash30/6/17 ~ $2.7m 3M 6M YTD 1Y 5Y MAX From 06 Nov 2015 To 20 Jun 2017 Price Volume EMU volume Mar '16 Feb '17 Apr '17 Jun '17 Jun '16 Oct '16 0.05 0.10 0.15 0.20 0.03 0.08 0.13 0.18 0.23 0M 2M Relatively small issued share capital Tightly held stock Top 20 hold ~59% ordinary shares ORD SHARES % CONTRIB % OPTIONS 65,910,387 36,580,667 Number Price ExpDate 7,507,012 11% G & B Steemson 9,570,884 26% G & B Steemson 1,750,000 $0.10 20/12/2018 6,949,634 11% P Thomas 8,503,984 23% P Thomas 1,000,000 $0.10 20/12/2018 4,214,947 6% W & J King 3,510,606 10% G Rutherford 1,000,000 $0.10 20/12/2018 s 3,452,210 5% G & M Rutherford 1,980,064 5% J F Montes 500,000 $0.10 20/12/2018 3,443,145 5% REC 1,560,706 4% D Kelly 500,000 $0.10 20/12/2018 2,472,759 4% Citicorp Nominees 950,370 3% D Kelly 300,000 $0.25 20/12/2018 d 1,819,698 3% D Michael 799,957 2% rises 915,747 1% K Leo 551,843 2% 880,000 1% RSR enterprises 551,843 2% 857,832 1% Sept Rouges 505,239 1% 32,512,984 49% 28,485,496 78% 5,050,000
		ORD SHARES	%				CONTRIB	%		OPTIONS
	Totals						36,580,667			Number	Price	ExpDate
		65,910,387
1 2 3 4 5 6 7 8 9 10	G & B Steemson P Thomas W & J King Citicorp Nominee D Michael P & A Hart G & M Rutherfor Wit Team Enterp B Dance SJ & AL Maraldo	7,507,012	11%	G & B Steemson			9,570,884 8,503,984 3,510,606 1,980,064 1,560,706 950,370 799,957 551,843 551,843 505,239	26% 23% 10% 5% 4% 3% 2% 2% 2% 1%	G & B Steemson P Thomas G Rutherford J F Montes D Kelly D Kelly	1,750,000 1,000,000 1,000,000 500,000 500,000 300,000	$0.10 $0.10 $0.10 $0.10 $0.10 $0.25	20/12/2018 20/12/2018 20/12/2018 20/12/2018 20/12/2018 20/12/2018
		6,949,634	11%	P Thomas
		4,214,947	6%	W & J King
		s 3,452,210 3443145	5% 5%	G & M Rutherford REC
		,, 2,472,759 d 1,819,698 rises 915,747 880,000 857,832	4% 3% 1% 1% 1%	Citicorp Nominees D Michael K Leo RSR enterprises Sept Rouges
		32,512,984	49%				28,485,496	78%		5,050,000

Multiple holdings aggregated

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WE GET THINGS DONE!

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• Project identified by ongoing world wide search

• Agreement signed 14[th] November 2016

• DD completed 11[th] December 2016

• Field work commenced December 2016

• Shareholder’s approve transaction 9[th] February 2017

• Drilling commenced 22[nd] March 2017

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ADDITIONAL GEOLOGICAL INFORMATION

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REMOTE SENSING

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ASTER remote sensing data set showing the clay alteration areas (red) and Vidalita & Jotahues project areas. Note the NNE trends in the image

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GROUND MAGNETICS

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Ground magnetometer data and interpretation concepts – buried heat source?

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DRILLING #1

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DRILLING #2

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DRILLING #3

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Line 5700N

IP/RESISTIVITY

Line 7300N

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Resistivity & chargeability pseudosections + inversions

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