NEOMETALS LTD — Investor Presentation 2015

May 25, 2015

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Summary information: This document has been prepared by Neometals Ltd (“Neometals” or “the Company”) to provide summary information about the Company and its associated entities and their activities current as at the date of this document. The information contained in this document is of general background and does not purport to be complete. It should be read in conjunction with Neometals’ other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange, which are available at www.asx.com.au.

Forward-looking information: This document includes certain statements, opinions, projections, forecasts and other forward-looking information which, while considered reasonable by Neometals, are inherently subject to significant uncertainties and contingencies. Many known and unknown factors could cause actual events or results to differ materially from estimated or anticipated events or results included in this document. Recipients of this document are cautioned that forward-looking statements are not guarantees of future performance – they must make their own independent investigations, consideration and evaluation of the opportunity to invest in the Company. By accepting this document, recipients agree that if they proceed further with their investigations, consideration or evaluation of the opportunity to invest in the Company, they will make and rely solely upon their own investigations and enquiries and will not in any way rely upon this document.

Any statements, opinions, projections, forecasts and other forward-looking information contained in this document do not constitute any commitments, representations or warranties by Neometals and its associated entities, directors, agents and employees, including any undertaking to update any such information. Except as required by law, and only to the extent so required, directors, agents and employees of Neometals shall in no way be liable to any person or body for any loss, claim, demand, damages, costs or expenses of whatsoever nature arising in any way out of, or in connection with, the information contained in this document.

Financial data: All figures in this document are in Australian dollars (AUD) unless stated otherwise.

Not financial product advice: This document is for information purposes only and is not financial product or investment advice, nor a recommendation to acquire securities in Neometals. It has been prepared without taking into account the objectives, financial situation or needs of individuals. Before making any investment decision, prospective investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs and seek legal and taxation advice appropriate to their jurisdiction.

Investment risk: An investment in securities in Neometals is subject to investment and other known and unknown risks, some of which are beyond the control of Neometals. The Company does not guarantee any particular rate of return or the performance of Neometals. Investors should have regard to the risk factors outlined in this document.

Competent Persons Statement:

The information in this document that relates to “Barrambie Scoping Study Results”, “Mt Marion test work results”, “Barrambie Mineral Resource Estimates”, “Mt Marion Mineral Resource Estimates” and Mt Marion – Successful Semi-Pilot Plant Results is extracted from ASX Releases set out below. The Company confirms that it is not aware of any new information or data that materially affects the information included in the ASX Releases set out below, and in the case of estimates of mineral resources, that all material assumptions and technical parameters underpinning the estimates in those ASX Releases continue to apply and have not materially changed.

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The Company confirms that all the material assumptions underpinning the production target and the forecast financial information derived from the production targets in the Barrambie Scoping Study and Mt Marion Pre-feasiblity Study continue to apply and have not materially changed.

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Develop low-cost operations with strong partners

Quality captive resources

Attractive commodities with strong, long-term fundamentals

Focus on low-cost processing technologies for long-term profitability

Leverage strategic partnerships to better manage financial and operating risk

Strong governance

Lean board and management team

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Corporate Details
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ASX Code: NMT OTC: NMTUYPrice (AU cents) ASX Code: NMT OTC: RDRUY
12
Last close ( 12 Dec 2014 ) $ 0.036 Last close (19 May 2015) $0.09
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Shares on issue 6 M 499.4 Shares on issue 502 M
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Cas 0 h (30 Sept 2014) $m 11.7 Cash (31 Mar 2015) $9 M
Incl Restricted Term Deposit $m 6.2 Incl Restricted Term Deposit $6.1 M
Market capitalisation $m 19 Market capitalisation $45 M
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Lithium Fundamentals
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Lithium Fundamentals
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Lithium Fundamentals
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50% Hard rock 50% Brine
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Mt Marion Lithium Project 70% Neometals

30% and Operator Mineral Resources Ltd (ASX:MIN)

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High Quality Resource
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3[rd]

Highest ranked undeveloped hard-rock deposit globally

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Sources: SignumBOX, Issue 8, February 2014

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Project Strategy
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Produce Lithium Value add into
Integrated Lithium
Mineral Lithium Battery Producer
Concentrates Materials (LiOH)
with partner MIN with Partners
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FULLY FUNDED
FULLY
PERMITTED
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High Quality Partner
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• Australia’s largest contract minerals processor

• • Will provide complete mine-to-port solution

• • Construct and operate plant on Build-OwnOperate basis

• • No upfront capital cost to NMT

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Flythrough
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Secured additional Lithium Rights (blue) and
Infrastructure purchase (green) from MLX
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Commercialisation Plan
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Final
Final
Obtain Investment
Downstream Investment
Take-or-Pay Decision –
Partner Decision –
Offtake Concentrate
Agreement LiOH
2015 Operation
Operation
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PROGRESS

• Negotiations progressing with offtake partners

• Completion of offtake deal will allow for FID and production within 12 months

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Own low-cost Patented Technology
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Competitors
Input Price
US$5,000/t
x 1 t
Final Final
Lithium Lithium
Product Chlorination Product
Carbonate Carbonate Caustic-
LiOH Spodumene Purification LiOH
Technical Battery isation
Battery Electrolysis Battery
Grade Grade
Grade Grade
Cost Cost
US$5,700/t US$3,900/t
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Sources: SQM (Brine Flowsheet) and Neometals internal analysis including 2012 Pre-feasibility Study. All prices are FOB Basis.

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Own low-cost Patented Technology
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Barrambie Titanium Project 100% Neometals

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Titanium Fundamentals
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Sources: Company Reports

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High Quality Resource
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1
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+150Mt 47Mt @
@34% TiO2 22% TiO2 18%
Lac Tio Barrambie Tellnes
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*** Mineral Resource Estimate (JORC2012) on page 29**

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Sources: Company Reports

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Project Strategy
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Mine, Concentrate Produce Titanium Integrated Titanium and Truck Pigment with Producer Titanium Industry Partner Concentrate = +

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Licenced low-cost Technology
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Competitors
Input Price
US$1,000/t
X1.2t
Final Final
Chlorination Product ROM Chlorination Product
Rutile
& Purification Fine Ore & Purification Fine
Pigment Pigment
Cost Cost
US$2,100 - US$1,214/t
2,300/t
 Step 1: Proof of concept
 High purity 99.9% TiO2
 Mini-pilot scale testing in Canada
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Sources: SQM (Brine Flowsheet) and Neometals internal analysis including 2012 Pre-feasibility Study. All prices are FOB Basis.

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Licenced low-cost Technology
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Commercialisation Plan
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Pilot Scale
Complete Beneficiation Definitive Final
Pre-feasibility & Hydromet Feasibility Investment
Study Test work Study Decision
1H 2015 2015/16 2016/17
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Attract JV Partner
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Investment Proposition

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Lithium : Near term mining opportunity
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Fully funded, fully permitted

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
03
02
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Great resource Firm offtake Consider
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Strong partner agreements Final Investment
Strong market Decision
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Titanium : A growth story for 2015
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
03
02
01
Obtain
Demonstrate + Demonstrate Strong
+
Technical Economic Partners
Feasibility Viability to Commercialise
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Thank you www.neometals.com.au

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Mineral Resource Estimates
for the Mt Marion Lithium deposit, as at July 2011, for a block cut-off grade of 0.3% Li2O
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Project Area	Material type	Measured	Measured	Measured	Indicated	Indicated	Indicated	Inferred	Inferred	Inferred	Total	Total	Total
		Tonnes	Li~~2~~O%	Fe~~2~~O~~3~~%	Tonnes	Li~~2~~O%	Fe~~2~~O~~3~~%	Tonnes	Li~~2~~O%	Fe~~2~~O~~3~~%	Tonnes	Li~~2~~O%	Fe~~2~~O~~3~~%
Area1	Oxide	60,000	1.19	0.67	144,000	1.26	0.82	179,000	1.2	1.0	383,000	1.2	0.9
	Transitional	658,000	1.44	0.79	727,000	1.41	1.14	353,000	1.3	1.4	1,739,000	1.4	1.1
	Fresh	666,000	1.54	0.98	1,051,000	1.41	1.31	1,379,000	1.3	1.4	3,096,000	1.4	1.3
	Subtotal	1,384,000	1.48	0.88	1,923,000	1.40	1.21	1,911,000	1.3	1.4	5,218,000	1.4	1.2
Area2	Oxide	-	0.00	0.00	-	1.64	1.19	18,000	1.3	1.1	18,000	1.3	1.1
	Transitional	-	0.00	0.00	19,000	1.42	1.50	215,000	1.3	1.4	234,000	1.3	1.4
	Fresh	64,000	1.31	1.41	385,000	1.35	1.59	833,000	1.3	1.5	1,281,000	1.3	1.5
	Subtotal	64,000	1.31	1.41	404,000	1.35	1.59	1,065,000	1.3	1.5	1,532,000	1.3	1.5
Area2W	Oxide	-	0.00	0.00	6,000	0.90	0.92	33,000	0.9	1.0	39,000	0.9	1.0
	Transitional	2,000	1.23	1.19	56,000	1.09	1.11	210,000	1.1	1.1	268,000	1.1	1.1
	Fresh	433,000	1.38	0.97	1,554,000	1.39	1.12	2,669,000	1.3	1.1	4,655,000	1.3	1.1
	Subtotal	435,000	1.38	0.97	1,616,000	1.38	1.12	2,911,000	1.3	1.1	4,963,000	1.3	1.1
Area4	Oxide	-	0.00	0.00	-	0.00	0.00	4,000	0.8	1.6	4,000	0.8	1.6
	Transitional	17,000	1.31	1.43	182,000	1.22	1.35	251,000	1.1	1.5	450,000	1.1	1.4
	Fresh	28,000	1.47	1.26	223,000	1.32	1.34	397,000	1.3	1.3	648,000	1.3	1.3
	Subtotal	45,000	1.41	1.33	405,000	1.28	1.34	652,000	1.2	1.4	1,102,000	1.2	1.3
Area5	Oxide	-	0.00	0.00	-	0.00	0.00	22,000	1.1	2.2	22,000	1.1	2.2
	Transitional	-	0.00	0.00	2,000	1.41	1.82	102,000	1.3	2.4	104,000	1.3	2.4
	Fresh	-	0.00	0.00	9,000	1.44	2.24	216,000	1.3	2.2	226,000	1.3	2.2
	Subtotal	-	0.00	0.00	11,000	1.43	2.17	340,000	1.3	2.3	351,000	1.3	2.3
Area6	Oxide	-	0.00	0.00	2,000	1.57	1.36	55,000	1.6	1.7	58,000	1.6	1.7
	Transitional	16,000	1.57	1.12	208,000	1.53	1.24	663,000	1.4	1.4	887,000	1.4	1.3
	Fresh	71,000	1.59	0.98	200,000	1.54	1.15	485,000	1.5	1.2	756,000	1.5	1.1
	Subtotal	87,000	1.59	1.01	411,000	1.54	1.20	1,203,000	1.5	1.3	1,701,000	1.5	1.3
Project	Total	2,015,000	1.45	0.93	4,769,000	1.39	1.22	8,082,000	1.3	1.3	14,866,000	1.30	1.2

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NOTE : Figures may not sum due to rounding. Significant figures do not imply an added level of precision.

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Mineral Resource Estimates
for the Barrambie Ti-V deposit, as at September 2013, for a block cut-off grade of 15% TiO2
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Classification	Zone	Oxidation	MTonnes	Density (t/m3)	TiO2 (%)	V2O5 (%)	Fe2O3 (%)	Al2O3 (%)	SiO2 (%)
Indicated	Eastern	Oxide	18.7	2.82	23.29	0.59	42.93	10.70	16.36
		Transition	8.7	3.52	23.11	0.61	50.80	7.34	12.99
		Fresh	2.4	3.85	21.77	0.56	52.90	5.99	12.84
		Sub-total	29.8	3.10	23.11	0.60	46.02	9.35	15.10
	Central	Oxide	3.5	2.95	16.84	0.92	49.82	11.06	14.91
		Transition	1.3	3.50	17.39	0.89	54.76	8.49	12.15
		Fresh	0.1	4.04	15.59	0.88	59.93	7.22	10.96
		Sub-total	4.9	3.12	16.95	0.91	51.40	10.28	14.08
		Total	34.7	3.11	22.25	0.64	46.77	9.48	14.95
Inferred	Eastern	Oxide	2.6	2.71	20.88	0.48	40.00	12.20	19.42
		Transition	3.3	3.29	23.04	0.59	47.51	8.62	14.45
		Fresh	5.5	3.71	22.82	0.57	47.50	8.39	14.57
		Sub-total	11.4	3.36	22.44	0.55	45.78	9.33	15.65
	Central	Oxide	0.1	3.07	16.64	0.98	53.63	9.96	13.33
		Transition	0.4	3.47	18.36	0.86	54.15	8.79	12.43
		Fresh	0.7	3.86	17.30	0.91	53.48	9.44	13.17
		Sub-total	1.2	3.64	17.55	0.90	53.71	9.30	12.96
		Total	12.5	3.38	21.99	0.58	46.51	9.32	15.40
		Grand Total	47.2	3.18	22.18	0.63	46.70	9.44	15.07

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NOTE : Figures may not sum due to rounding. Significant figures do not imply an added level of precision.