ORBMINCO LIMITED — Capital/Financing Update 2018

Feb 28, 2018

AusROC Metals Ltd

1 March 2018

Ausroc Metals Limited (ACN 073 155 781) (ASX:ARK) ASX Announcement

Updated statement of commitments

Ausroc Metals Limited (ACN 073 155 781) ( Company ) refers to Table 7.1 (Use of Funds) of the Company’s Replacement Prospectus dated 8 January 2018 ( Prospectus ).

Capitalised terms not defined have the meaning set out in the Prospectus.

In light of Company raising a total of $4,086,320 under the General Offer and completing the Acquisitions, the Company advises that its updated proposed use of funds for the 2-year period commencing on and from completion of the Acquisitions is as follows:

Projectprogram/expense item	Year 1	Year 2
Estimated Cash on Hand	$6,703	$1,716,170
Capital Raised under the Offer	$4,086,320	N/A
Total Funds Available	$4,093,023	$1,716,170
LeadManager Fees	$365,000	N/A
Expenses ofthe Offer	$138,000	N/A
Acquisition of Volt Lithium Pty. Ltd (cash component)	$250,000	N/A
Acquisition of Liquid Lithium Pty. Ltd. (cash component)	$250,000	N/A
Total Listing & Acquisition Expenditure	$1,003,000	NIL
Musgrave Project Gawler Craton – Labyrinth Project (SA) Gawler Craton – NAWA Project (SA) Gawler Craton – Carulinia Project (SA) Pilbara – Pilgangoora Project (WA) Mt. Catlin Project (WA) South East Yilgarn Lithium Brine Projects	N/A* $129,800 $95,500 $54,800 $65,800 $43,000 $40,000	N/A* $173,606 $250,500 $328,500 $120,800 $84,000 $30,500
Total Proposed Exploration Expenditure	$428,900	$987,906
Corporate, overheads, executive remunerationand otherexpenses	$700,000	$700,000
Reimbursement of Caason	$202,720	N/A
Reimbursement of Trident Capital – payment ofpreviousASX Fees	$27,500	N/A
ASX ListingFees	$14,733	$28,264
Total Other Expenditure	$944,953	$728,264
Total Budgeted Expenditure	$2,376,853	$1,716,170

Jonathan Lindh Company Secretary Ausroc Metals Limited