ORE RESOURCES LIMITED — Investor Presentation 2017

Feb 6, 2017

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7 February 2017

Market Announcements Platform ASX Limited Exchange Centre 20 Bridge Street Sydney NSW 2000

Mining Indaba Investor Presentation

Auroch Minerals Limited ( Auroch or the Company ) is pleased to enclose the Company’s Mining Indaba presentation providing an overview of its exciting lithium prospects in Namibia.

The Company is also pleased to advise it has launched an updated website located at www.aurochminerals.com

Dr. Andrew Tunks Chief Executive Officer Auroch Minerals Limited T: +61 9486 4036

Auroch Minerals Ltd ABN 91 148 966 545 Unit 5, Ground Floor, 1 Centro Ave, Subiaco WA 6008 Phone: +61 8 9486 4036 Fax: + 61 8 9486 4799 PO Box 510 Subiaco WA 6904 Email: admin@aurochminerals.com Web: www.aurochminerals.com

Feb 2017

Auroch Minerals Company Overview

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Disclaimer

• 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 report of the matters based on his information in the form and context in which it appears.

Auroch Minerals Limited (ASX:AOU) 2

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Auroch Minerals’ Vision

Build a portfolio of quality lithium and gold exploration 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

Value creation for shareholders through immediate resource definition and growth

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) 3

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Board & Executive

CEO

Dr Andrew Tunks

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

Lithium Specialist Peter Spitalny

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.

Executive Chairman Glenn Whiddon

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

Metallurgist Noel O’Brien

Mr O’Brien is an

experienced Project Director and metallurgist with significant global resources and corporate experience.

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.

Chief 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.

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.

Director Matthew Foy

Mr. Foy is an experienced director and company secretary of listed companies in the resources, technology and communications industries.

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) 4

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Corporate Snapshot

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Ticker

ASX:AOU

Shares Outstanding 84.9 M

Options 26.9 M

Market Capitalisation $15.2M @ $0.18

Cash & Receivables $8.4 M (Dec Quarterly)

• Internationally focussed metals explorer with assets in Australia and Namibia

• Operational team has strong discovery history and experience in Africa

• Board and Executive team extensive experience in successful corporate transactions

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

• Drilling results and consistent news flow

Auroch Minerals Limited (ASX:AOU) 5

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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) 6

Karibib Project Geology Overview

• -

• Series of LithiumCaesium 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) 7

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Karibib Project Licenses

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) 8

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

EPL 5751

5 EPL/A’s

• Initial Recon visits to known pegmatites

• Recon field visits to documented pegmatite occurrence

• Preliminary sampling

• Interpretation of radiometric data to identify further areas

• Evaluate available geophysics to locate further pegmatites

• Sampling of identified pegmatites to prioritise targets

• Drill program preparation

• Await granting of licences

• Drill test priority target early 2017

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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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Auroch Minerals Limited (ASX:AOU) 11

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Peer Company Lithium Review

Australian Explorers

Company	ASX	Project	Resource	Stage	Market Cap
Pilbara Minerals	PLS	Pilgangoora - WA	M-I-I 129Mt @ 1.22% Li2O	Production Q4 2017	$650M @ $0.57
Altura Mining Ltd	AJM	Pilgangoora - WA	M-I-I 39Mt @ 1.02% Li2O	Production Q4 2017	$203M @ $0.17
Kidman Resources	KDR	Earl Grey - Forestania	M-I-I 128Mt @ 1.44% Li2O	PreFeasibility	$180M @ $0.52
European Metals	EMH	Cinovec Li-Sn Czech Republic	M-I-I 607Mt @ 0.43% Li2O	Feasibility	$161M @ $0.69
Birimian Gold	BGS	Bougani - Mali	M-I-I 15.5Mt @ 1.48% Li2O	Scoping Study	$60M @ $0.36
Prospect Resources	PSC	Arcadia - Zimbabwe	M-I-I 23Mt @ 1.42% Li2O & 123ppm Ta2O5	PreFeasibility	$51M @ $0.03
Core Exploration	CXO	Finiss Li - Darwin NT	Best result: 48m @ 1.53% Li2O	Exploration	$29M @ $0.08
Dakota	DKO	Sepeda - Portugal	Best result: 74m @ 1.54% Li2O	Exploration	$25M @ $0.07

Auroch Minerals Limited (ASX:AOU) 12

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Namibian mining projects

• 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) 13

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Karibib Lithium Project

• 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) 14

Contacts

Executive Chairman

Mr Glenn Whiddon E: glenn@lagral.com MOB: +61 41 0612 920

CEO

Corporate Office Unit 5, Ground Floor 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