ENEGEX LIMITED — Investor Presentation 2020

Aug 17, 2020

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Transformational Exploration Opportunities in WA August 2020

ASX: ENX

Forward looking statements and disclosures

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Forward-Looking Statements

This document may contain forward-looking statements. These forward-looking statements are made as of the date of this document and Enegex Limited (the Company) does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements relate to future events or future performance and reflect Company management’s expectations or beliefs regarding future events and include, but are not limited to, the Company’s strategy, the price of Enegex securities, the likelihood of exploration success including results of future geophysical surveys, drilling at the Company’s projects and other exploration activities; the timing and costs of future exploration activities on the Company’s exploration projects; the potential to define future mineral resources and, if successful at any of the Company’s exploration projects, the potential viability of any mineral resource so defined; planned expenditures and budgets and the execution thereof; the timing and availability of drill results; potential sites for drilling, that general business and economic conditions will not change in a materially adverse manner; the timing and amount of estimated future production, costs of production, capital expenditures, success of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. In certain cases, forward-looking statements can be identified by the use of words such as “plans”, “planning”, “expects” or “does not expect”, “is expected”, “will”, “may”, “would”, “potential”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “prospects” “anticipates” or “does not anticipate”, “believes”, “occur”, “impending”, “likely” or “be achieved”, or variations of such words and phrases or statements that certain actions, events or results may, could, would, might or will be taken, occur or be achieved or the negative of these terms or comparable terminology. By their very nature forwardlooking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors may include, among others, risks related to actual results of current or planned exploration activities; changes in exploration programmes based upon results of exploration; future prices of commodities; geophysical anomalies may or may not be associated with economic mineralisation; grade or recovery rates; accidents; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities, movements in the share price of Enegex and future proceeds and timing of potential sale Enegex securities, as well as those factors detailed from time to time in the Company’s financial statements, all of which are filed and available for review on ASX at asx.com.au. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Disclaimer :

The information contained in this presentation is a professional opinion only and is given in good faith. Enegex makes no representation or warranty as to the accuracy, reliability or completeness of information in this document and does not take responsibility for updating any information or correcting any error or omission which may become apparent after this document has been issued. To the extent permitted by law, Peako and its officers, employees, related bodies corporate and agents ("Agents") disclaim all liability, direct, indirect or consequential (and whether or not arising out of the negligence, default or lack of care of Peako and/or any of its Agents) for any loss or damage suffered by a Recipient or other persons arising out of, or in connection with, any use or reliance on this presentation or information.

To the maximum extent permitted by law, neither Peako, its related bodies corporate, their directors, employees or agents, nor any other person accepts any liability, including, without limitation, any liability arising from fault or negligence on the part of any of them or any other person, for any loss arising from the use of this presentation or its contents or otherwise arising in connection with it.

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Transformational exploration opportunities in under-explored WA mineral provinces

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----- Start of picture text ----- South West Terrane Ni-Cu-PGEProject1 • Under-explored intrusivecomplex in emerging mineralprovince•Proximal to Perth and recentdiscoveries----- End of picture text -----

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----- Start of picture text ----- Hart Ni-Co-Cu-PGE Project•New greenfield2opportunity in frontierprovince•Unexplored terrane----- End of picture text -----

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New Initiative in an Emerging Province of the South West Terrane

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• 100% interest in 4 projects areas comprising 20 tenement applications over 3,550km[2]

• Proximal to Perth with very good infrastructure

• Located on uplifted margin of Yilgarn Block

• Laterite and residual and transported soils obscure the Archean bedrock geology

  • Julimar Complex (26km long) completely hidden beneath laterite profile

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Potential for unidentified mafic and ultramafic bodies prospective for Ni-CU-PGE

• South West Terrane historically overlooked and little explored

• Multitude of small mafic and ultramafic intrusions are considered prospective for Ni-Cu-PGE sulphides

• Likely to be many more as yet unidentified mafic and ultramafic bodies in the South West Terrane

• Largely undercover and negligible exploration for Ni-CuPGE sulphides

• Not all prospective ultramafic and mafic bodies are likely to be magnetic anomalies. Magnetic lows might also be identifying prospective intrusions.

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----- Start of picture text ----- Bindi BindiNi targetYarawindahNi-PGE-CuCaravel Cu Resource366Mt at 0.35% CuJulimarNi-PGE-Cu----- End of picture text -----

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South West Terrane – multiple commodity and deposit type endowment despite minimal historic exploration

Mines and deposits :

• Gold (Boddington multi million ozs Au)

• Copper (Caravel 366Mt at 0.35% Cu)[1]

• Lithium, tin, tanatalum (Greenbushes Mine – giant Li resource)

• Ni-Cu-PGE (Julimar – recent discovery)

• Bauxite (2.5 billion tonne resources – world’s leading bauxite producer)

• Coal (2.4 billion tonnes in Collie Sub-basin) – Dominates WA State power.

Deposit types :

• Magmatic Ni-Cu-Co-PGE-(Au) sulphides and V-Ti magnetite associated with layered mafic-ultramafic intrusions.

• Porphry Cu-Au

• Archaean Au and rift-related epithermal Au mainly associated with greenstone belts.

• Laterite Ni-Co associated with ultramafics.

• Laterite Au (overlying Archaean bedrock Au mineralisation).

• Laterite bauxite over granitoids and lesser greenstone.

• Pegmatite-hosted Li-Ta-Sn (and associated alluvial deposits).

• • Volcanic massive sulphide.

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1. Combined Indicated and Inferred Mineral Resources, Source: Caravel Minerals announcement 3 February 2019

The Hart Ni-Cu-Co-PGE Project covers 726km2 in a frontier and largely unexplored area of the East Kimberley

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• Frontier province prospective for magmatic Ni-Cu-Co-PGE sulphide deposits

• 100% interest in two Exploration Licence applications

• Minimal modern exploration

• Tenements cover Hart Dolerite

  • known to host Ni-Cu sulphides, PGEs and Fluorite

  • regionally extensive Proterozoic mafic sill complex

  • historically overlooked

  • now known to be a large differentiated layered intrusion

  • GSWA regolith sampling identified coincident Ni-Co anomalies

Conceptual host to magmatic sulphides

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Focussed exploration program - prospect definition prior to grant of licences to fast-track timeframe for drilling of ground EM targets

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South West Terrane ProjectsEL Grant Process & Access AgreementsData CompilationWorldview Satellite ImageryInterpretation and mappingAirborne EMGeochemical samplingGround EM of selected mafic-ultramafic intrusionsDrilling of ground EM TargetsHart ProjectEL Grant ProcessData compilation	2H 2020	2H 2020	1H 2021

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Structure Optimised to Create Shareholder Value

Capital Structure and Financials

TICKER SHARES ON ISSUE MARKET CAP Shareholder Breakdown ASX:ENX 80 million (31/7/20) $1.6M (31/7/20) CASH DEBT $36k (31/7/20) $116k (31/7/20) 41% Directors 35% Other shareholders Share Price & Volume Chart (ENX) 25% Other top 20 Team Geoff Albers Chairman Rae Clark Director Peter Armitage Director Rob Wright Chief Financial Officer Scott Bishop Consultant Exploration Geologist

Shareholder Breakdown

Team

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