ORE RESOURCES LIMITED — Investor Presentation 2017

Mar 29, 2017

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Auroch Minerals – Land of the Giants

April 2017

Disclaimer

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• This presentation has been prepared by Auroch Minerals Ltd (Auroch or the Company). It contains general information about the Company’s activities current as at the date of the presentation. The information is provided in summary form and does not purport to be complete. This presentation is not to be distributed (nor taken to have been distributed) to any persons in any jurisdictions to whom an offer or solicitation to buy shares in the Company would be unlawful. Any recipient of the presentation warrants to the Company that the receipt of the presentation is not unlawful. It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this presentation or any information, opinions or conclusions expressed in the course of this presentation.

• This presentation is not a prospectus, product disclosure document or other offering document under Australian law or under any other law. It has been prepared for information purposes only. This presentation contains general summary information and does not take into account the investment objectives, financial situation and particular needs of any individual investor. It is not financial product advice and investors should undertake their own due diligence and obtain their own independent advice from qualified professional advisors having regarding to their objectives, financial situation and needs. Neither Auroch nor any of its related bodies corporate is licensed to provide financial product advice.

• This presentation and information, opinions or conclusions expressed in the course of this presentation contains forecasts, projections and opinions which constitute forward looking statements. Forward looking statements include, but are not limited to, statements concerning the Company’s exploration programme, outlook and target sizes. They include statements qualified by words such as “potential”, “target”, “scheduled”, “planned”, “estimate”, “possible”, “future”, “prospective” and similar expressions. Such forward looking statements are not a guarantee of future performance, and are subject to numerous risks, uncertainties and other factors, including unknown ones. Actual results and developments will almost certainly differ materially from those expressed or implied. There are a number of risks, both specific to Auroch and of a general nature which may affect the future operating and financial performance of Auroch and the value of an investment in Auroch including but not limited to title risk, renewal risk, economic and general market conditions, stock market fluctuations, price movements, regulatory risks, operational risks, reliance on key personnel, uncertainties relating to interpretation of exploration results, geology and resource estimations, native title risks, foreign currency fluctuations, uncertainties relating to the availability of/access to additional capital, infrastructure or environmental approvals, and mining development, construction and commissioning risk. Auroch expressly disclaims any intention or obligation to update or revise any forward looking statements whether as a result of new information, future events, or otherwise.

• To the maximum extent permitted by law, no representation, warranty or undertaking, express or implied, is made and no responsibility or liability is accepted, by the Company or any of its officers, employees, agents or consultants or any other person, as to the adequacy, accuracy, completeness or reasonableness of the information in this presentation. An investment in the shares of the Company is to be considered highly speculative.

• The exploration targets or conceptual exploration targets in this presentation or expressed during the course of this presentation are subject to completion of the necessary feasibility studies, permitting and execution of all necessary infrastructure agreements. In relation to any statements pertaining to future exploration targets or conceptual exploration targets, the nature of the exploration target means that the potential quantity and grade is conceptual in nature. This presentation and information, opinions or conclusions expressed in the course of this presentation should be read in conjunction with Auroch’s other periodic and continuous disclosure announcements lodged with the ASX, which will be available on the Auroch website.

• The information in this report that relates to Exploration Results is based on information compiled by Dr. Andrew Tunks and represents an accurate representation of the available data. Dr. Tunks (Member Australian Institute Geoscientists) is the Company’s Chief Executive Officer and has sufficient experience that is relevant to the style of mineralisation 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’. Dr Tunks consents to the inclusion in the reportof the matters based on his information in the form and context in which it appears.

Auroch Minerals Limited (ASX:AOU) 2

Corporate Snapshot

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Ticker

ASX:AOU

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Shares Outstanding 85.6 M

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Options 30.5 M

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Market Capitalization $17M @ $0.20

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Cash & Receivables $8.4 M (Dec Quarterly)

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• Renewable focussed metals explorer with assets in Portugal and Namibia

• Team has strong discovery history and global experience and corporate success

• AOU is planning an active exploration program for 2017 and continues to seek expansion of its asset portfolio

• Drilling activity and consistent news flow

Auroch Minerals Limited (ASX:AOU) 3

Auroch Minerals Vision

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Build a portfolio of quality resource assets

Execute all explorations in a safe and environmentally sound manner

Value creation for shareholders through immediate resource definition and growth

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Targeting under-explored provinces that contain historic production and prospective geology

Focus on primary inputs crucial for the Renewal Energy Industry Li & Cu

AOU is planning an active exploration program for the 2017 calendar year, and continues to seek to expand its asset portfolio

Auroch Minerals Limited (ASX:AOU) 4

Strategy

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Auroch’s Strategy is to focus on metals crucial to the Renewable Energy industry

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Lithium – for Li ion batteries Copper – the forgotten renewable Infrastructure Electric Vehicles

Copper used in passenger cars

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Alcoutim Portugal

AOU can earn up to 75% Project currently held by Gecko Group -Namibia Phase 1:

• Expenditure of A$ 1.4M for 65%

Phase 2:

• Expenditure of A$ 1.3M for 75%

Funding post Phase 2:

• Pro-rata or subject to dilution

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Land of the Giants

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3 Super-Giant Deposits >200Mt ore

Neves Corvo La Zarza Rio Tinto

9 Giant Deposits

100Mt ore

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Iberian Pyrite Belt

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Neves Corvo 2016 resources

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Co er Orebodies Zinc Orebodies pp Tonnes Ag Tonnes Ag (MT) Cu% Zn% Ag g/t (Moz) (MT) Zn% Cu% Ag g/t (Moz) 90.5 2.5 1.1 43 116 118 5.9 0.3 57 216

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Source: Eurozinc Mining Corp presentation 2005 Zambujal - Neves Corvo
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Volcanic Massive Sulphides

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High-grade Well known metallurgy

• VMS form on the sea floor

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• VMS deposits are typically polymetallic occurrences

• Cu–Zn–Sn–Pb–Ag–Au

https://oceanography101.wikispaces.com/Black+Smoker

Alcoutim Project

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• 22 defined geophysical targets

• Coincident EM-

• Gravity-Magnetic Anomalies

• Immediately along strike and down plunge from Neves Corvo

• Ready to drill – NOW

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Exploration Program

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• 22 Coincident targets

• Gravity

• EM

• Magnetic

• Drilling to commence in May 2017

• Phase 1 will test 3 targets

• Downhole geophysics on each hole

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• Phase 2 will be designed to improve on phase one targeting

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Summary

• AOU to earn up to 75% of Alcoutim Licence

• World class mineralised district

• High-grade deposits

• Exploration program commencing immediately

• Adjacent to one of the worlds great deposits - Neves Corvo

• Potential to supply growing global demand for metals crucial to renewable energy story

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Portugal

Republic of Portugal Facts: Government: Parliamentary democracy (EU) Population: 11 million; Capital: Lisbon (~2.5 million) GDP: US$ 289 billion (2015); GDP Growth: 1.5% (2015); GDP per Capita: US$ 28,000 (2015) Corporate Tax: 25% Royalty on Base Metals: negotiated

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Large mines in Portugal currently operating Neves Corvo - Cu, Zn, Ag, Sn. Ag, Au Aljustrel – Zn, Cu, Ag Panasqueira – W, Sn, Cu

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Karibib Lithium Project -Namibia

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Karibib Project Geology Overview

• Series of Lithium- Caesium - Tantalum (LCT) pegmatites intruded into metamorphosed schists and carbonates

• Hundreds of individual pegmatites documented by Geological Survey

• Home of 90% of Namibia’s historic Lithium production from Rubikon and Helikon lithium mines

• Complex regional scale zonation presents opportunity to discover a range of mineralisation styles

• AN UNEXPLORED LITHIUM RICH PROVINCE

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KARIBIB
LITHIUM
PROJECT
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Auroch Minerals Limited (ASX:AOU) 16

Karibib Project Licenses

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New JV on EPL 5751

• Known Lithium bearing pegmatites

5 new EPL applications

All have either

• Known LCT pegmatites

• Along strike from known LCT pegmatites

• Mapping commenced

• Target selection underway

• 3000 km[2] under control

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KARIBIB Au Mine
HELIKON
RUBIKON
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• Looking to grow portfolio

Auroch Minerals Limited (ASX:AOU) 17

Rubikon & Helikon Li Mines

The Rubikon and Helikon mines operated from 1950 to 1997

• Products included lithium, beryl and ultra-pure “optical” quartz.

• Total production volume unknown

• Main lithium production was from petalite, amblygonite and lepidolite.

• • The pegmatites are intruded into the metamorphosed Karibib Formation

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Exploration Plan

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EPL 5751

5 EPL/A’s

• Initial Recon visits to known pegmatites

• Recon field visits to documented pegmatite occurrence

• Preliminary sampling – grades up to 2.7 % Li O 2

• Evaluate available geophysics to locate further pegmatites

• Interpretation of radiometric data to identify further areas

• Sampling of identified pegmatites to prioritise targets

• Drill program planning

• Await granting of licences

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Lithium Mineralogy

Spodumene – 7% Li2O

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Petalite – 4.5% Li O 2

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Amblygonite – 9% Li2O

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Lepidolite – 3.5 to 6.0% Li2O

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Namibian Mining Projects

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• Otjikoto Gold – B2Gold Corporation

• Hussab Uranium – Taurus Minerals acquired from ASX listed Extract Resources

• Navachab Gold – QKR Corporation acquired from AngloGold Ashanti

• Rossing Uranium – Rio Tinto

• Langer Heinrich Uranium – Paladin Energy

• Rosh Pinar Zinc – Glencore

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Rossing Uranium

• Off shore diamond mining – De Beers Marine

Auroch Minerals Limited (ASX:AOU) 21

Karibib Lithium Project -Summary

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• Auroch has secured a

• dominant ground position in an unexplored lithium rich province

• Several Li-rich pegmatites have been mapped significant length and thickness = tonnes

• Close to road, rail and mining workforce at Karibib

• Low geological risk

• Low political risk

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Auroch Minerals Limited (ASX:AOU) 22

Namibia

• Capital Windhoek

• Population 2.5 million

• Namibia recorded GDP of 11.5 B USD in 2015

• Free and open Democracy

• Presidential style of Government

• Namibia is a popular shooting location for its spectacular Desert scenery Mad Max – Fury Road

• Corporate tax rate for Mining Companies - 37.5%

• Royalties for Industrial metals - 2%

• Karibib Project is close to the major road and rail infrastructure that links Windhoek to the deep sea port at Walvis Bay

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Karibib Li
Project
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Auroch Minerals Limited (ASX:AOU) 23

Board & Executive

CEO Executive Chairman Dr Andrew Tunks Glenn Whiddon

Dr Tunks holds a B.Sc (Hons) Monash and a Ph.D UTAS in geology and has over 25 years’ experience in the minerals industry. Including discoveries in Ghana Tanzania and Botswana

Glenn has an extensive background in equity capital markets, banking and corporate advisory with specific focus on natural resources, enabling project origination and financing.

Lithium Specialist Peter Spitalny

Metallurgist Noel O’Brien

Mr O’Brien is an experienced Project Director and metallurgist with significant global resources and corporate experience.

Mr Spitalny has 25 years multi-commodity exploration experience, He has discovered lithium pegmatites and defined significant exploration targets and scheduled to be tested by drilling in 2017.

Non Exec - Director Ryan Gaffney

Mr Gaffney holds a BSBA

from the Daniels College of University of Denver, Mr Gaffney, based in London, currently runs an independent consultancy focused on Mergers and Acquisitions.

Geologist Peter Sheehan

Peter has twenty-one years exploring and mining across Australia, Africa, and South America. He specialises in; project generation, exploration planning & management, and resource evaluations and has a multicommodity.

Non Exec - Director David Lenigas

Mr Lenigas is an experienced mining engineer with significant global resources and corporate experience.

Namibian Manager Nico Scholtz

Nico is a Geologist with more than 10 years experience in the Mineral Exploration Industry in Africa, South America and China. He has an MSc in Geology from the University of the Free State.

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Non Exec - Director Matt Foy

Mr. Foy was previously a Senior Adviser at the ASX, has nine years’ experience in facilitating the compliance of listed companies.

Legals Melvin Yeo

Mr Yeo is a

corporate/commercial lawyer with more than 20 years experience, specialising in mergers & acquisitions and joint ventures.

Auroch Minerals Limited (ASX:AOU) 24

Contacts

Executive Chairman

Mr Glenn Whiddon E: glenn@lagral.com MOB: +61 041 0612 920

CEO

Corporate Office Unit 5, 1 Centro Avenue Subiaco WA 6008

PO Box 510 Subiaco WA 6904 Tel: +61 8 9486 4036 Fax: +61 8 9486 4799

Dr Andrew Tunks E: atunks@aurochminerals.com MOB: +61 400 205 555