ORE RESOURCES LIMITED — Investor Presentation 2018

May 1, 2018

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AUSTRALIAN BASE METALS
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Investor Presentation May 2018

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 Mr Peter Sheehan and represents an accurate representation of the available data. Mr Sheehan (Member of the Australian Institute of Mining and Metallurgy) is the Company’s Exploration Manager 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’. Mr Sheehan consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

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AUROCH THE ACTIVE EXPLORER

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Focussed metals Team has strong Drilling activity and explorer with assets discovery history & consistent news flow in South Australia corporate success and internationally FOCUS VALUE HIGH AUROCH MINERALS ON KEY CREATION QUALITY METALS THROUGH PORTFOLIO VISION Zn Cu Co Au DISCOVERY Zinc Copper Cobalt Gold Li Lithium

CORPORATE SNAPSHOT

TICKER SHARESOUTSTANDING OPTIONS MARKET CAPITALISATION CASH ASX:AOU 91.4m 29.0m $8.7M $4.9M @ $0.095

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AUROCH CORPORATE STRATEGY

CORPORATE STRATEGY

• Well funded aggressive exploration programmes for newly-acquired highly-prospective Arden and Bonaventura Projects

Exploration led by experienced management that have demonstrated success in all stages from exploration, through to development, and production

Auroch aims to realise value from it’s non-core assets

KEY EXPLORATION MANAGEMENT

Aidan Platel

CEO DESIGNATE

(Geologist)

• 20+ years’ global experience in a diverse range commodities in exploration, development and mining

• Proven exploration success;

• Instructed first drill holes into world-class Santa Rita Ni Project (1>Mt Contained Ni)

• Drilled and developed Borborema Au Project from no resource to 2.4Moz

• BSc (Honours), MBA (Distinction), MAUSIMM (CP), GAICD

Peter Sheehan

GEOLOGY / EXPLORATION MANAGER

(Geologist)

• 20+ years’ multi-commodity experience in Australia, Africa, Europe and South America

• Specialises in project generation, exploration planning/management and resource evaluations

• BSc – Geology, MAUSIMM – Competent Person (JORC 2012)

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AUROCH QUALITY ASSET PORTFOLIO

ARDEN

• 90% of 710km[2] Exploration Licence in South Australia

• Kennecott (Rio Group) delineated over 10km of strike potential in 60’s – early 70’s

• Reconnaissance rock-chip sampling confirmed presence of SEDEX mineralisation at three primary targets

• Recent assays up to 10% zinc a further 1.5km along strike

• Assays up to > 10% copper at the Kanyaka target area

BONAVENTURA

• Auroch acquired 100% of 234km[2] Exploration Licence in South Australia in April 2018

• Recent drilling demonstrated zinc mineralisation

• 16m @ 3.4% Zn and 0.7% Pb

• 11m @ 3.1% Zn and 1.5% Pb

INTERNATIONAL

• Auroch holds interests/options over projects in Portugal and Namibia

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ARDEN PROJECT

HIGHLIGHTS

The Arden project has the potential to host large-scale zinc, lead, copper and cobalt stratiform sedimentary exhalative (SEDEX) deposits

• Spectacular results from reconnaissance rock-chip sampling confirmed SEDEX mineralisation at Arden’s three primary targets:

• Ragless Range – 6.97% Zn

• Kanyaka – 12.4% Cu, 2.4% Zn and 0.5% Co

• Radford Creek – 3.9% Pb and 1.7% Zn

• Large 710km[2] Exploration Licence (EL) already granted with several key mineralised targets already identified within the tenure

• Multiple assays of between 5-7% Zn & 0.1% Co in trenches at the Ragless Range Target: total prospective strike length > 10km

• The Arden Project is supported by excellent infrastructure including rail, sealed roads, grid power and proximity to port and smelter

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ARDEN PROJECT

OVERVIEW

• •

• Located in the Adelaide Geosyncline, a major rift complex that formed during the break-up of the supercontinent Rodinia

• Project area contains significant areas of Cambrian-aged sedimentary units, which are the host units of ALL known Sedex-style

Targeting 2 styles of mineralisation:

• Sedex – typically high-grade, uniform

  • Confirmed through the success of recent rock-chip sampling

• Structurally controlled – remobilised

• mineralisation in this world-class base metals region

HISTORIC EXPLORATION TIMELINE

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ARDEN PROJECT

EXISTING TARGET AREAS

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ARDEN PROJECT

EXCEPTIONAL ROCK-CHIP SAMPLES

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ARDEN PROJECT

KEY OUTCROPS & TRENCHES

KANYAKA TARGET

RAGLESS RANGE TARGET

Shear zone with copper staining within Kanyaka open pit 12.40% Cu, 2.42% Zn & 0.47% Co.

RADFORD CREEK TARGET

Ragless Range – Fe/Mn gossan in Trench 6.97% Zn & 0.02% Co.

Radford Creek Fe/Mn gossan in Trench 4 1.67% Zn, 3.85% Pb & 13g/t Ag

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BONAVENTURA PROJECT

HIGHLIGHTS

The Bonaventura Project covers highly prospective geology and historic mines along 30km of strike of the regional-scale Cygnet-Snelling Fault

• Previous drilling at Bonaventura hit high-grade zinc intersections, including:

• 16m @ 3.4% Zn and 0.7% Pb from 52m (including 6m @ 6.3% Zn)

• 11m @ 3.1% Zn and 1.5% Pb from 26m (including 1m @ 8.0% Zn)

• Samples from the historic Kohinoor gold mine returned grades up to 28 g/t Au

• The Bonaventura Project has several high-grade zinc (base-metal) and gold targets that are drillready

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BONAVENTURA PROJECT

OVERVIEW

• Located in the Adelaide Geosyncline, a major rift complex that formed during the break-up of the supercontinent Rodinia

• Project area contains significant areas of Cambrianaged sedimentary units, which are the host units of ALL known Sedex-style mineralisation in this worldclass base metals region

• Tenement covers major regional fault: Cygnet – Snelling Fault

• Targeting 2 styles of mineralisation:

• Sedex – typically high-grade, uniform

• Structurally controlled – remobilised

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BONAVENTURA PROJECT

RECENT EXPLORATION - RESULTS

BONAVENTURA TARGET :

• 16m @ 3.4% Zn and 0.7% Pb from 52m (incl. 6m @ 6.3% Zn)

• 11m @ 3.1% Zn and 1.5% Pb from 26m

• (incl. 1m @ 8.0% Zn)

VINCO TARGET :

• 1,500m along strike from the Bonaventura Target

• Completed high-resolution helimag, IP and gravity surveys, and soils

• Coincident gravity and chargeability anomalies = drill-ready target

KOHINOOR TARGET :

• Highly prospective for gold mineralisation

• Composite samples from historic workings include 28 g/t Au, 9.5 g/t Au, 5.2 g/t Au & 3.2 g/t Au

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BONAVENTURA PROJECT

TARGET AREAS

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Free-hold light grazing lands with excellent access and infrastructure.

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EXPLORATION PROGRAMMES

STEADY NEWS FLOW

Auroch is well capitalised to deliver its 2018 exploration program

ARDEN PROJECT

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Q1 / Q2

Reprocessing & interp of existing geophysics

Q2

New high-res AMAG survey

Q2 / Q3

Drill targeting & permitting

Q3

Initial drilling programme

BONAVENTURA PROJECT

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Q1 / Q2

Reprocessing & interp of existing geophysics

Q2

New IP ± high-res gravity survey

Q2 / Q3

Drill targeting & permitting

Q3 Initial drilling programme

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INTERNATIONAL PROJECTS

OVERVIEW

• Auroch has secured a dominant ground position in unexplored lithium rich province in Namibia

• Auroch holds interests/options over the Alcoutim Project in Portugal

• Auroch’s strategy is to slowly exit from these non-core assets to focus on the South Australian projects

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Karibib Project
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CONTACT

CEO DESIGNATE Mr Aidan Platel E: aplatel@aurochminerals.com M: +61 400 190 005

Corporate Office Unit 5, 1 Centro Avenue Subiaco WA 6008

PO Box 510 Subiaco WA 6904 T: +61 8 9486 4036 F: +61 8 9486 4799