GREENWING RESOURCES LTD — Investor Presentation 2018

May 6, 2018

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MILLIE’S REWARD LITHIUM PROJECT INVESTOR AND ANALYST SITE VISIT MAY 2018

Disclaimer & Cautionary Statements

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DISCLAIMER

This document has been prepared by Bass Metals Limited (the “Company”). It should not be considered as an invitation or offer to subscribe for or purchase any securities in the Company or as an inducement to make an invitation or offer with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this document. This document is provided on the basis that neither the Company nor its officers, shareholders, related bodies corporate, partners, affiliates, employees, representatives and advisers make any representation or warranty (express or implied) as to the accuracy, reliability, relevance or completeness of the material contained in the document and nothing contained in the document is, or may be relied upon as a promise, representation or warranty, whether as to the past or the future. The Company hereby excludes all warranties that can be excluded by law.

The document may contain forward-looking information and prospective financial material, which is predictive in nature and may be affected by inaccurate assumptions or by known or unknown risks and uncertainties, and may differ materially from results ultimately achieved. All references to future production, production targets and resource targets and infrastructure access are subject to the completion of all necessary feasibility studies, permitting, construction, financing arrangements and infrastructure-related agreements. Where such a reference is made, it should be read subject to this paragraph and in conjunction with further information about the Mineral Resources and Exploration Results, as well as the Competent Persons' statements. All persons should consider seeking appropriate professional advice in reviewing the document and all other information with respect to the Company and evaluating the business, financial performance and operations of the Company. Neither the provision of the document nor any information contained in the document or subsequently communicated to any person in connection with the document is, or should be taken as, constituting the giving of investment advice to any person.

FORWARD LOOKING STATEMENTS

This document may contain certain forward-looking statements. Such statements are only predictions, based on certain assumptions and involve known and unknown risks, uncertainties and other factors, many of which are beyond the Company’s control. Actual events or results may differ materially from the events or results expected or implied in any forward-looking statement. The inclusion of such statements should not be regarded as a representation, warranty or prediction with respect to the accuracy of the underlying assumptions or that any forward looking statements will be or are likely to be fulfilled. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this document (subject to securities exchange disclosure requirements). The information in this document does not take into account the objectives, financial situation or particular needs of any person. Nothing contained in this document constitutes investment, legal, tax or other advice.

COMPETENT PERSON STATEMENT

The information in this report that relates to Mineral Resources is based on information compiled by Tim McManus, a Competent Person who is a member of the Australasian Institute of Mining and Metallurgy and a full-time employee of the Company.

Tim McManus has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Tim McManus consents to the inclusion of the information in this report in the form and context in which it appears. YTD

SUBSEQUENT PUBLIC REPORTING

The information for the JORC Mineral Resource Summary is extracted from the ASX Announcement “Strategic investment in producing graphite asset” released 2 September 2015, which is available to view on www.asx.com.au. Bass Metals Ltd. confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcements.

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Company Overview

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Industrial Minerals Producer & Explorer

• A producer of premium large flake graphite concentrates from the 100% owned Graphmada Mine, located in eastern Madagascar.

• Commercial ramp up to 6,000 tpa, approaching positive cash flow at Graphmada.

• Robust financial footing with cash and receivables A$6.5[1] m in cash and receivables, zero debt, 100% owned asset portfolio.

• Planning expansion of production to 20,000 tpa by 2020.

• Aiming to produce Expandable Graphite Products for downstream value.

• An aggressive explorer of brownfields graphite deposits and a potential high grade lithium project; Millie’s Reward.

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1 As at 4th May 2018

Capital Market Summary

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Cash & Receivables of A$6.5[1] million with No Debt

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1 Excludes performance rights and unlisted options1 & 2 As at 7th May 2018

Board of Directors

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Rick Anthon

Non-Executive Chairman

Mr. Anthon is a practicing lawyer with over 30 years' experience in both corporate and commercial law. Mr. Anthon also has extensive experience in the resource sector, as a director of a number of resource companies and as legal adviser, including project acquisition and development, capital raising and corporate governance. Mr. Anthon is currently General Counsel and Joint Company Secretary at Orocobre Ltd, Australia's premier Lithium producer.

Peter Wright

Executive Director

Mr. Wright has 20 years experience advising on capital markets, investor relations, acquisitions and divestments, particularly in lithium, and industrial minerals & metals markets. Mr. Wright is also currently Executive Director of Bizzell Capital Partners, a Brisbane based corporate advisory and funds management firm.

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Jeffrey Marvin

Non-Executive Director

Mr. Marvin has 20 years global experience in mineral resource project origination, financing and development. Mr. Marvin has international management and corporate governance experience with projects located in diverse international business climates. Prior to joining Bass, Mr. Marvin was a founding executive director of an Australian energy technology company and has experience working across a range of projects including gold, coal, mineral sands and coal seam gas.

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Management

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Mr. McManus has 25 years as a mining professional with significant experience at senior management level across all facets of project assessment, development and operations. Previous roles include CEO of ASX listed Elementos Ltd, Chief Geologist for Xstrata, and Partner – Barclays Natural Resource Investments: Metallurgical Coal Management Team.

Tim McManus Chief Executive Officer

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With over 25 years experience, Mr. Round is a qualified accountant with extensive resource sector experience at senior management level. As Chief Financial Officer and Company Secretary to a number of resource companies, he has been integral to the commercial success of a number of companies both in Australia and internationally.

David Round Chief Financial Officer

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Millie's’ Reward Exploration Team

Simon Rienstra

General Manager of Projects for Bass Metals and a key contributor in delivering the Stage 1 Graphmada expansion, Mr. Rienstra will oversee the exploration team and manage delivery of the projects objectives with the aim of establishing a maiden mineral resource for Millie’s Reward.

Jannie Leeuwner

As Vato Consulting Principal, Mr. Leeuwner will oversee all technical elements of the project with his team of local geologists. Mr. Leeuwner is an accredited Geologist (Pr.Sci.Nat.) with more than 17 years of international experience, with the last 10 years exclusively in Madagascar.

Dr. Federico Pezzotta

An international pegmatite expert and qualified Mineral Petrologist (Ph.D.) will provide technical support to the project team based on his global expertise and his +20 years of geological investigations in Madagascar.

Mamison Randriananatenaina

As Corporate General Manager for Bass Metals, Mr. Randriananatenaina is responsible for government & community relations and all legal matters. Trained in Economics, and currently completing a Degree in Law, he has extensive experience in administration, logistics and management in the Madagascan mining sector.

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Project Overview

Millie’s Reward is a potentially high-grade pegmatite-hosted lithium project located in central Madagascar.

The project consists of over 200 multiple pegmatite surface occurrences along a strike length of 10 km which to date have returned rock-chip grades up to 7.08% Li20. Phase 1 includes prospecting, geological mapping, rock-chip sampling, geochemical soil sampling, pitting and trenching programs. Phase 2 aims to delineate mineralization through circa 5,000 metre drill program to commence in the 2[nd] half of 2018. Excellent community support and existing mining infrastructure adjacent to Millie’s Reward.

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1 See ASX Announcement ‘Exceptional lithium assay results up to 7%’ released on the 29/5/17 .

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Local Geology

The lithium mineralization at Millie’s Reward exists within pegmatites.

Pegmatites are:

• Igneous rocks with a granitic composition (quartz + plagioclase

• • feldspar);

• Very coarse grained (> 3cm), but also variable grain sizes; and

• Characterised by skeleton, graphic intergrowth textures and

• other strong directional growth habits.

There are numerous outcropping pegmatite dikes, veins, pods, and sills, with the highest geochemically evolved pegmatites hosted in marbles and along the contact between marbles and schists.

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ACCOMMODATION CAMP
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Local Geology Mapof Millie’s Reward

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Host Mineralization

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The most common lithium-bearing mineral found in economic pegmatite deposits is spodumene (lithium silicate).

Generally, Spodumene is a milky white colour, however when approaching miarolitic cavities, changes to a pale / deep pink colour with high lithium content (right).

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The Spodumene at Millie’s Reward can constitute a few points in percentage in volume, up to 30% to 50% in volume of the rock, with most pegmatite dikes and sills in the area >10 meters in thickness and >several hundreds meters in length.

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Historical Exploration

Within the northern part of the project area is a small underground exploration drive (right), which has been active since the early 2000’s for its gemstone potential.

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Little to no modern exploration has been undertaken within the Project area. There are however artisanal surface pits and workings (left) that exist throughout, offering invaluable information on pegmatite mineralization.

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Exploration Strategy

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As a virgin discovery, the exploration strategy with the most efficient capital expenditure has been designed to be completed in 5 Phases:

• Field Assessment & Prospect Generation;

• Maiden Exploration Drilling Program;

• Maiden Resource Drilling & Estimation;

• Technical Studies & Infill Drilling; and

• Updated Resource Estimation & Definitive Feasibility Study.

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pegmatites with significant spodumene
ACCOMMODATION CAMP
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The Company aims to deliver the US$1.3m exploration program for Millie’s Reward over the course of the next 3 years and through this program deliver significant value to its shareholders.

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Phase 1 Exploration

The Phase 1 program focuses on exploration utilising geological sampling & mapping and geophysical & geochemical surveys. The combination of this data will allow interpretation and modelling of the prospectivity of the area in order to define the highest priority economic drill prospects, with the ultimate aim to support a Mineral Resource definition for the Project. The systematic exploration program which has already commenced will seek to identify prospects for drilling through:

• Field prospecting and geological mapping;

• Rock-chip sampling;

• Soil geochemical sampling; and

• Pitting and trenching.

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Field work confirms outcropping
pegmatites with significant spodumene
ACCOMMODATION CAMP
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Phase 1 Exploration

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Detailed desktop study review and remote geological mapping have . identified 8 high priority prospects to date The speed of field analysis will be increased through the use of a portable X-Ray Fluorescence machine, allowing in field analysis of multi-elements, including a lithium index and the pathfinder elements associated with lithium-bearing pegmatites; caesium, tantalum, rubidium, niobium, tin, gallium and thallium.

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Prospecting Map for Millie’s Reward

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Phase 1 Exploration

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Initial field observations include:

• At Ampatsikahitra the pegmatite occurs over approx. 500 m, with Li2O grades up to 7.08%.

• At Ilapa the pegmatite occurs over approx. 700 m, with Li2O grades up to 1.79%.

• At Manjaka the pegmatite occurs over approx. 300 m, with Li2O grades up to 6.93%.

• At Vietnam the pegmatite occurs over approx. 100 m, with Li2O grades up to 6.91%.

It is considered important to note that the lithium-bearing pegmatites sampled in the project area represent only what was observed largely at surface. It is considered highly likely that other pegmatites may occur beneath the regolith cover.

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40m thick Li-bearing outcrop within the project area.

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Phase 2 Exploration

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MAIDEN DRILLING PROGRAM IN 2018
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Phase 2 Exploration

Proposed >5,000 metre drilling program aiming to intercept potential lithium bearing pegmatites identified from the Systematic Exploration Program (Phase 1). Utilising a EP200 Hand Portable Hydraulic Diamond Core Rig (right) the drilling program aims to define pegmatite thickness and depth of mineralization. The EP200 is capable of drilling to a depth of 200m and has core sizes HQ & NTW. Drilling program to begin in second half of 2018.

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Infrastructure

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Neighbouring Limestone mine within 4km
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Community Engagement

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Bass Metals has initiated a comprehensive community engagement program to practically demonstrate to the community the benefits of developing a significant project in the region. The community program will be largely based on the very successful Graphmada Care Program, recently recognised as the leading program of its type in Madagascar.

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CONTACT US
Tim McManus
Chief Executive Officer
Telephone: (07) 3203 5894
Email: admin@bassmetals.com.au
Web: www.bassmetals.com.au
Peter Wright
Executive Director
Telephone: (07) 3212 9200
Email: peter@bassmetals.com.au
Web: www.bassmetals.com.au
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