EAGLE%NICKEL%LIMITED (TO%BE%RENAMED%"PURE%MINERALS LIMITED") ABN%61%125%368%658

NOTICE%OF%GENERAL%MEETING%AND%EXPLANATORY%STATEMENT

TIME: 11.00am!(AEST)

DATE: Friday,!5!May!2017

PLACE: Office!of!Peregrine Corporate Limited! 62D!Heyington Place Toorak!VIC!3142

This!Notice!of!Meeting!should!be!read!in!its!entirety.!If!Shareholders!are!in! doubt!as!to!how!they!should!vote,!they!should!seek!advice!from!their! professional!advisers!prior!to!voting.

Should you wish to discuss the matters in this Notice of Meeting please do not hesitate to contact!the!Company!Secretary,!on!+61!3!9041!6663.

CONTENTS%PAGE

CHAIRMAN'S!LETTER	5
NOTICE OF GENERAL MEETING	7
EXPLANATORY STATEMENT	12
GLOSSARY	49
SCHEDULE!1!– List!of!PM!Transaction!Shareholders	52
APPENDIX!1	53
APPENDIX!2	58
APPENDIX!3	59
APPENDIX!4	79
APPENDIX!5	81

KEY DATES

Event	Date
Announce!Proposed Transaction	30 March!2017
Dispatch!Notice!of!General!Meeting to!Shareholders	3!April 2017
Cut!off!for!lodging!Proxy!Form!for General!Meeting	3!May 2017
Snapshot!date!for!eligibility!to!vote!at!General!Meeting	3!May 2017
Lodge!Prospectus!	4!May!2017
Hold!General!Meeting	5!May!2017
Obtain!extension!to!deUlisting!date!from!ASX	5!May!2017
Prospectus!offers!close	9!June!2017
Completion!of!Proposed!Transaction	16!June!2017
Securities!reUcommence!trading!on!ASX	30!June!2017

IMPORTANT%NOTE

The!Company!reminds!shareholders!of!ASX's!policy!for!the!removal!of!long!term!suspended! entities!detailed!in!ASX!Guidance!Note!33!Removal(of(Entities(from(the(ASX(Official(List( ("Guidance!Note!33").

Pursuant!to!Guidance!Note!33,!any!entity!that!has!been!in!continuous!suspension!for!more! than!3!years,!as!the!Company!has!been since!5!May!2014,!will!be!automatically!on!the!third! anniversary!of!its suspension!date if!it!is!still!suspended.!It!is!unlikely!the!Company's! securities!will!re[commence!trading!before!5!May!2017.

ASX!may!agree!to!a!short!extension!of!this!deadline!if!the!Company!can!demonstrate!to! ASX's!satisfaction!that!it!is!in!the!final!stages!of!implementing!a!transaction!that!will!lead!to! the!resumption!of!trading!in!its!securities!within!a!reasonable!period.!For!these!purposes,!

ASX!considers!"final!stages"!to!mean:

having!announced!the!transaction!to!market^
having!signed!definitive!legal!agreements!for!the!transaction!(including!for!any! financing!required!in!respect!of!the!transaction)^!
if!the!transaction!requires!a!prospectus!or!product!disclosure!statement!to!be!lodged! with!ASIC,!having!lodged!that!document!with!ASIC,!and!
if!the!transaction!requires!security!holder!approval,!having!obtained!that!approval.!

The!Company!has!met!the!first!two!requirements.!!The!Company!intends!to!lodge!the! prospectus!for!the!Equity Raising!in!early!May,!meeting!the!third!requirement.!!Once!lodged,! and!providing!shareholders!pass!the!resolutions!the!subject!of!this!Notice,!the!Company!will! have!met!all!requirements!to!enable!it!to!request!a!short!extension!from!ASX!to!the!de[listing! deadline.!!The!Company!confirms!it!will!make!such!a!request!at!the!appropriate!time!and! keep!the!market!updated!in!this!regard.

The!Company!notes!that!any!such!extension!of!time!may!not!be!granted!by!the!ASX!and!that! the!ASX!has!sole!discretion!on!whether!an!extension!of!time!is!approved!or!not!and!for!what! period!of!time!the!extension!is!to!be!granted.

If!the!Company!is!unable!to!meet!the!conditions!required!by!ASX!to!request!an!extension,!or! if!ASX!does!not!grant!an!extension,!the!Company!will!be!removed!from!the!Official!List!of! ASX!at!close!of!business!on!5!May!2017.

Notes:

1. The!above!timetable!is!indicative!only!and!assumes!that!the!Company!receives!an! extension!to!the!de[listing!date!from!ASX!(see!above!for!further!details),!all!conditions!of! the!Share!Sale!Deed can!be!satisfied!without!delay!and!may!be!varied!by!the!Company!in! consultation!with!the!ASX.!Any!changes!will!be!released!to!the!ASX.
2. Trading!in!securities!will!only!be!reinstated!by!ASX!after!the!Company!has!completed!the! Proposed!Transaction!and!the!Company!has!complied!with!Chapters!1!and!2!of!the! Listing!Rules.

TIME AND%PLACE%OF MEETING AND%HOW%TO VOTE

VENUE

The General Meeting of the Shareholders to which this!Notice of Meeting relates will be held at 11:00am AEST on Friday, 5!May!2017 at Office!of!Peregrine!Corporate!Limited,!62D! Heyington!Place,!Toorak!VIC!3142, Australia.

YOUR VOTE IS IMPORTANT

The business of the General Meeting affects your Shareholding and your vote is important.

VOTING IN PERSON

To vote in person, attend the General Meeting on the date and at the place set out above.

APPOINTING A%PROXY

A!Shareholder!who is!entitled!to!attend!and!vote!at!the!Meeting!may!appoint!a!proxy!to!attend! and!vote!at!the!Meeting!on!their!behalf.!A!proxy!does!not!need!to!be!a!Shareholder!of!Eagle! Nickel.

If!a!Shareholder!is!entitled!to!cast!two!or!more!votes!at!the!Meeting,!the!Shareholder!may! appoint!two!proxies!and!may!specify!the!percentage!or!number!of!votes!each!proxy!can! exercise.!If!the!proxy!form!does!not!specify!the!percentage!or!number!of!the!Shareholder's! votes!that!each!proxy!may!exercise,!each!proxy!may!exercise!half!of!the!Shareholder's!votes! on!a!poll.!!Fractions!will!be!disregarded.

You!can!appoint!a!proxy!by!completing!and!signing!the!enclosed!proxy!form!and!sending!the! form!to:

Post!to!Computershare!Investor!Services!Pty!Ltd!at!GPO!Box!242,!Melbourne,!VIC,!3001^!or

Fax!to!Computershare!Investor!Services!Pty!Ltd!at!(+61!3)!9473!2555.

The!deadline!for!receipt!of!proxy!appointments!is!11.00am!(AEST)!on!Wednesday,!3!May! 2017.

Proxy!appointments received!later!than!this!time!will!be!invalid.!

POWER%OF%ATTORNEY

If!the!proxy!form!is!signed!under a!power!of!attorney!on!behalf!of!a!Shareholder,!then!the! attorney!must!make!sure!that!either!the!original!power!of!attorney!or!a!certified!copy!is!sent! with!the!proxy!form,!unless!the!power!of!attorney!has!already!been!provided!to!the!Share! Registry.

CORPORATE REPRESENTATIVES

If!a!representative!of!a!corporate!Shareholder!or!a!corporate!proxy!will!be!attending!the! Meeting,!the!representative!should!bring!to!the!Meeting!adequate!evidence!of!their! appointment,!unless!this!has!previously!been!provided!to!the!Share!Registry.

ENTITLEMENT TO ATTEND AND VOTE

The Company may specify a time prior to the Meeting, at which a "snap[shot" of Shareholders will be taken for the purposes of determining Shareholder entitlements to vote at the General Meeting.

The Company's Directors have determined that all Shares of the Company that are quoted on ASX at 5:00 pm AEST on Wednesday, 3!May!2017 shall, for the purposes of determining voting entitlements at the General Meeting, be taken to be held by the persons registered as holding the Shares at that time.

CHAIRMAN'S LETTER

Dear Shareholders

I have the pleasure in presenting to you!a proposal (Proposed!Transaction) which your Board of Directors believes represents an exciting opportunity for our Company (ENL or the! Company). The!Company's!objective!on!successful!completion!of!the!Proposed!Transaction!is! to!explore, establish JORC!resources and!develop!projects!on a highly prospective package of! tenements!and!tenement!applications!for!lithium,!rare!earths,!uranium,!gold,!copper!and! manganese on!its!projects!in!Western!Australia and!South!Australia.

ENL will remain!a!direct mineral exploration company, with a!renewed!focus!on!a!brand!new! package!of!tenements!and!tenement!applications!across!a!broader!range!of!commodities – a! change from the!Company's historical!focus!on!nickel. The!Proposed Transaction will result in a change to the!scale!of!the!Company's!operations. As part of the transformation, the Company proposes!to!change its name from Eagle!Nickel Limited to!Pure!Minerals Limited.

The!Company!is proposing to!undertake!the!acquisition of!all of!the!issued capital!in unassociated!company!Pure!Manganese!Pty!Ltd (ACN!616!567!910)!(PM) under!the Share! Sale Deed. PM!is!or!will!become!prior!to completion!the!owner!of!the!tenement!package.!

The Proposed!Transaction!provides!ENL!with:

new!opportunities!to!add!value!to!shareholders,!by!not!only!facilitating!the!re[quotation!of!the! Company's!shares!on!the!ASX,!but!introducing!the!Company!to!a!highly!prospective!package! of!tenements!and!tenement!applications,!with!some!of!those!tenements!containing! mineralisation!for!an exciting!sector!of!the!market – the!battery technology!industry^ and

the!cash!resources to!enable!it!to!fund the exploration of the!proposed!tenements.

The purpose of the Resolutions you!are asked to consider is to enable the Company to proceed with the Proposed Transaction and to enable the Company to be re[instated to trading on the ASX following re[compliance with Chapters 1 and 2 of the Listing Rules.

Further details in respect of!the Proposed Transaction are set out in Section 1 of the Explanatory Statement of the attached Notice of Meeting.

The Proposed Transaction is subject to the!satisfaction of a number of conditions, including approval from Shareholders as to the matters being sought at this General Meeting.!Upon satisfaction of all conditions and successful completion of the capital raising and re[listing, the Company will:

• consolidate!the!Shares!in!the!Company!on!a!67[for[10 basis^

• convert!the!existing!convertible!notes!to!Shares!after the!proposed!share! consolidation,!leaving!the!Company!debt!free!at!re[listing^!

• acquire!100%!of!PM and issue 17,500,000!post[consolidation!Shares for!the!PM! Transaction^

• raise a!minimum!and!maximum!subscription!of \$4.5 million!under!the Equity Raising at!a!price!of!\$0.02!per!share!(subject!to!receipt!of!a!waiver!from!ASX) and issue!225,000,000 post[consolidation!Shares^!and

• appoint!Mr. Jeremy!King as!the new Chairman, Mr.!Sean!Keenan!as!Executive! Director!and Mr. Lincoln!Ho as!a!new!Non[Executive!Director.

The Directors believe that the Proposed!Transaction provides existing and new shareholders with a highly prospective tenement package within a well[funded company with no debt.

The!Directors!note that!in!the!short!time!since!our!appointment!in!late[October!2016,!we!have! achieved!a!significant!amount!of!progress!in!preparing!the!Company!for!the!Proposed! Transaction!and!we!appreciate!the!support!of!our!existing!shareholders!who!have!received! limited!information!on!their!holdings!over!the!past!almost!3!years!since!the!Company's! securities!were!suspended!by!the!previous!Company!board!and!we!hope!that!the!successful! completion!of!the!Proposed!Transaction!will!bring!in!a!new!era!of!disclosure!and!transparency! for!all!shareholders,!both!old!and!new.

I ask that you read the Notice of General Meeting and attached Explanatory Statement

carefully, and trust that you will agree with the Board that this represents an outstanding opportunity for the Company.

Yours!sincerely

Bryan!Frost!(Chairman)

NOTICE OF GENERAL MEETING

Notice is given that a General Meeting of the Shareholders of Eagle!Nickel Limited (ENL or the Company) will be held at Office!of!Peregrine!Corporate!Limited,!62D!Heyington!Place,! Toorak!VIC!3142, Australia on Friday, 5!May!2017 commencing at 11:00am AEST to consider and, if thought fit, to pass the Resolutions set out below.

Terms used in this Notice of General Meeting and accompanying Explanatory Statement are defined in the glossary to this document.

The Explanatory Statement which accompanies and forms part of this Notice of General Meeting describes the matters to be considered at the General Meeting.

1. RESOLUTION%1%– CHANGE%TO%SCALE%OF%ACTIVITIES

To consider and, if thought fit, to pass, with or without amendment, the following Resolution as an ordinary resolution:

That, subject to the passing of the other Resolutions, for the purpose of Listing Rule 11.1.2 and all other purposes, approval be and is hereby given for the Company to make a significant change to the scale of its activities as set out in the Explanatory Statement.

Voting%Exclusion:%%The%Company%will%disregard%any%votes%cast%on%this% Resolution%by%any%person%who%might%obtain%a%benefit,%except%a%benefit% solely%in%the%capacity%of%a%holder%of%ordinary%shares,%if%the%Resolution%is% passed%and%any%associates%of%those%persons.%%However,%the%Company% need%not%disregard%a%vote%if%it%is%cast%by%a%person%as%a%proxy%for%a%person% who%is%entitled%to%vote,%in%accordance%with%the%directions%on%the%Proxy% Form%or%it%is%cast%by%the%person%chairing%the%meeting%as%proxy%for%a%person% who%is%entitled%to%vote,%in%accordance%with%a%direction%on%the%Proxy%Form% to%vote%as%the%proxy%decides.

2. RESOLUTION%2%– APPROVAL%OF%ISSUE OF%SHARES%FOR%THE%PM% TRANSACTION

To consider and, if thought fit, to pass, with or without amendment, the following Resolution as an ordinary resolution:

That, subject to the passing of the other Resolutions, for the purpose of Listing Rule 7.1 and for all other purposes, Shareholders approve the(issue of(17,500,000 postI consolidation(Shares in accordance with the terms of the Share Sale Deed in consideration for the acquisition by the Company of 100% of the issued capital in PM on the terms(and conditions set out in the Explanatory Statement accompanying this Notice of General Meeting.

Voting%Exclusion:%%The%Company%will%disregard%any%votes%cast%on%this% Resolution%by%any%person%who%might%obtain%a%benefit,%except%a%benefit% solely%in%the%capacity%of%a%holder%of%ordinary%shares,%if the%Resolution%is% passed%and%any%associates%of%those%persons.%%However,%the%Company% need%not%disregard%a%vote%if%it%is%cast%by%a%person%as%a%proxy%for%a%person% who%is%entitled%to%vote,%in%accordance%with%the%directions%on%the%Proxy% Form%or%it%is%cast%by%the%person%chairing%the%meeting%as%proxy%for%a%person% who%is%entitled%to%vote,%in%accordance%with%a%direction%on%the%Proxy%Form% to%vote%as%the%proxy%decides.

3. RESOLUTION%3%– APPROVAL%TO%ISSUE%MILESTONE%1%SHARES%TO%THE% PM%SHAREHOLDERS

To consider and, if thought fit, to pass, with or without amendment, the following Resolution as an ordinary resolution:

their(nominees) under(the(Share(Sale(Deed on(the(terms(and(conditions(set(out(in(the( Explanatory(Statement(accompanying(this(Notice.

Voting%Exclusion:%%The%Company%will%disregard%any%votes%cast%on%this% Resolution%by%any%person%who%might%obtain%a%benefit,%except%a%benefit% solely%in%the%capacity%of%a%holder%of%ordinary%shares,%if%the%Resolution%is% passed%and%any%associates%of%those%persons.%%However,%the%Company% need%not%disregard%a%vote%if%it%is%cast%by%a%person%as%a%proxy%for%a%person% who%is%entitled%to%vote,%in%accordance%with%the%directions%on%the%Proxy% Form%or%it%is%cast%by%the%person%chairing%the%meeting%as%proxy%for%a%person% who%is%entitled%to%vote,%in accordance%with%a%direction%on%the%Proxy%Form% to%vote%as%the%proxy%decides.

4. RESOLUTION%4%– APPROVAL%TO%ISSUE%MILESTONE%2%SHARES%TO%THE% PM%SHAREHOLDERS

To consider and, if thought fit, to pass, with or without amendment, the following Resolution as an ordinary resolution:

That,(subject(to(the(passing(of(the(other(Resolutions,(for(the(purposes(of(Listing(Rule( 7.1(and(for(all(other(purposes,(approval(is(given(for(the(Company(to(issue(25,000,000( postIconsolidation(Shares(being(the(Milestone(2 Shares(to(the(PM(Shareholders (or( their(nominees) under(the(Share(Sale(Deed on(the(terms(and(conditions(set(out(in(the( Explanatory(Statement(accompanying(this(Notice.

Voting%Exclusion:%%The%Company%will%disregard%any%votes%cast%on%this% Resolution%by%any%person%who%might%obtain%a%benefit,%except%a%benefit% solely%in%the%capacity%of%a%holder%of%ordinary%shares,%if%the%Resolution%is% passed%and%any%associates%of%those%persons.%%However,%the%Company% need%not%disregard%a%vote%if%it%is%cast%by%a%person%as%a%proxy%for%a%person who%is%entitled%to%vote,%in%accordance%with%the%directions%on%the%Proxy% Form%or%it%is%cast%by%the%person%chairing%the%meeting%as%proxy%for%a%person% who%is%entitled%to%vote,%in%accordance%with%a%direction%on%the%Proxy%Form% to%vote%as%the%proxy%decides.

5. RESOLUTION%5%– APPROVAL%OF%ISSUE%OF%SHARES%FOR%EQUITY% RAISING

To consider and, if thought fit, to pass, with or without amendment, the following Resolution as an ordinary resolution:

That, subject to(the(passing of the(other Resolutions, for(the purpose of Listing Rule 7.1 and(for all other purposes, Shareholder's approve the issue of 225,000,000(postI consolidation(Shares under the Equity Raising on(the(terms and conditions set out(in( the(Explanatory Statement accompanying this Notice of(General(Meeting.

Voting%Exclusion:%%The%Company%will%disregard%any%votes%cast%on%this% Resolution%by%any%person%who%might%obtain%a%benefit,%except%a%benefit% solely%in%the%capacity%of%a%holder%of%ordinary%shares,%if%the%Resolution%is% passed%and%any%associates%of%those%persons.%%However,%the%Company% need%not%disregard%a%vote%if%it%is%cast%by%a%person%as%a%proxy%for%a%person% who%is%entitled%to%vote,%in%accordance%with%the%directions%on%the%Proxy% Form%or%it%is%cast%by%the%person%chairing%the%meeting%as%proxy%for%a%person% who%is entitled%to%vote,%in%accordance%with%a%direction%on%the%Proxy%Form% to%vote%as%the%proxy%decides.

6. RESOLUTION%6%– APPROVAL%FOR%CONSOLIDATION%OF%SHARE% CAPITAL

To consider and, if thought fit, to pass, with or without amendment, the following Resolution as an ordinary resolution:

That,(subject to(the(passing of the(other Resolutions, for(the(purposes(of(section( 254H(1)(of(the(Corporations Act(and(for(all(other(purposes,(the(Share(capital(of(the Company(be(consolidated(through(the(conversion(of(every(sixtyIseven(fully(paid( Shares(in(the(Company(into(ten fully(paid(Share(in(the Company(and(that(any( resulting(fractions(of(a(Share(be(rounded up(to(the(next(whole(number(of(Shares(with(

the(consolidation(to take(effect(in(accordance(with(the(timetable(and(otherwise(on the( terms(and(conditions(set(out(in(the(Explanatory Memorandum.

7. RESOLUTION%7%– APPROVAL%OF%APPOINTMENT OF%MR%JEREMY%KING% AS%A%DIRECTOR%

To!consider!and,!if!thought!fit,!to!pass,!with!or!without!amendment,!the!following!Resolution! as!an!ordinary%resolution:!

That,(subject(to(the(passing(of(the(other(Resolutions, the(Company(be(authorized(to( appoint(Mr. Jeremy(King(as(a(director(of(the(Company and(that(Mr. Jeremy(King(be(so( appointed.

8. RESOLUTION%8 – APPROVAL%OF%APPOINTMENT%OF%MR%LINCOLN%HO% AS%A DIRECTOR%

To!consider!and,!if!thought!fit,!to!pass,!with!or!without!amendment,!the!following!Resolution! as!an!ordinary%resolution:

That,(subject(to(the(passing(of(the(other(Resolutions, the(Company(be(authorized(to( appoint(Mr. Lincoln(Ho as(a(director(of(the(Company and(that(Mr. Lincoln(Ho(be(so( appointed.

9. RESOLUTION%9%– APPROVAL%OF%APPOINTMENT%OF%MR%SEAN%KEENAN AS%A%DIRECTOR%

To!consider!and,!if!thought!fit,!to!pass,!with!or!without!amendment,!the!following!Resolution! as!an!ordinary%resolution:

That,(subject(to(the(passing(of(the(other(Resolutions, the(Company(be(authorized(to( appoint(Mr. Sean(Keenan as(a(director(of(the(Company and(that(Mr.(Sean(Keenan be( so(appointed.

10. RESOLUTION%10 – APPROVAL%OF%ISSUE%OF%FACILITATION%SHARES%TO% XCEL%CAPITAL%PTY%LTD

To consider and, if thought fit, to pass, with or without amendment, the following Resolution as an ordinary resolution:

That, subject to the passing of the other(Resolutions, for the purpose of Listing(Rule 7.1 and for all other purposes,(Shareholders approve the issue to Xcel(Capital(Pty(Ltd (or its nominees) of 5,000,000 postIconsolidation(Shares(for the corporate advisory services provided(to(the Company in relation to the Proposed Transaction on the terms and conditions(set out in the Explanatory Statement accompanying this Notice of General(Meeting.

Voting%Exclusion:%%The%Company%will%disregard%any%votes%cast%on%this% Resolution%by%Xcel%Capital%Pty%Ltd,%its%nominees%and%any%person%who% might%obtain%a%benefit,%except%a%benefit%solely%in%the%capacity%of%a%holder%of% ordinary%shares,%if%the%Resolution%is%passed%and%any%associates%of%those% persons.%%However,%the%Company%need%not%disregard%a%vote%if%it%is%cast%by% a%person%as%a%proxy%for%a%person%who%is%entitled%to%vote,%in%accordance% with%the%directions%on%the%Proxy%Form%or%it%is%cast%by%the%person%chairing% the%meeting%as%proxy%for%a%person%who%is%entitled%to%vote,%in%accordance% with%a%direction%on%the%Proxy%Form%to%vote%as%the%proxy%decides.

11. RESOLUTION%11 – APPROVAL OF%ISSUE%OF%SHARES%TO%THE% DIRECTORS

To consider and, if thought fit, to pass, with or without amendment, the following Resolution as an ordinary resolution:

That,(subject(to(the(passing(of(the(other(Resolutions, for the purposes of Listing(Rule( 10.11 and for all other purposes, Shareholders approve the issue to(the(Company( Directors((or(their(nominees)(of 3,750,000 postIconsolidation(Shares as(consideration( for(fees(payable,(as(referred(to in the Explanatory Statement accompanying this Notice of General Meeting.

Voting%Exclusion:%%The%Company%will%disregard%any%votes%cast%on%this% Resolution%by%Bryan%Frost,%Andrew%McKay,%Robert%Parton,%each%of%their% nominees and%any%associates%of%those%persons.%%However,%the%Company% need%not%disregard%a%vote%if%it%is%cast%by%a%person%as%a%proxy%for%a%person% who%is%entitled%to%vote,%in%accordance%with%the%directions%on%the%Proxy% Form%or%it%is%cast%by%the%person%chairing%the%meeting%as%proxy%for%a%person% who%is%entitled%to%vote,%in%accordance%with%a%direction%on%the%Proxy%Form% to%vote%as%the%proxy%decides.

12. RESOLUTION%12 – APPROVAL%OF%ISSUE%OF%SHARES%ON%CONVERSION% OF%CONVERTIBLE%NOTES

To consider and, if thought fit, to pass, with or without amendment, the following Resolution as an ordinary resolution:

That, subject to(the(passing of the(other Resolutions, for(the purpose of Listing(Rule( 10.11(and(for all other purposes, Shareholder's approve the issue of 10,000,000(postI consolidation(Shares as(a(result(of(the(conversion(of(200,000(convertible(notes to(an( entity(associated(with(Director(Mr(Andrew(McKay(and(otherwise(on(the(terms and conditions set out(in(the(Explanatory Statement accompanying this Notice of(General( Meeting.

Voting%Exclusion:%%The%Company%will%disregard%any%votes%cast%on%this% Resolution%by%Mr%Andrew%McKay,%his%nominees and%any%associates%of% those%persons.%%However,%the%Company%need%not%disregard%a%vote%if%it%is% cast%by%a%person%as%a%proxy%for%a%person%who%is%entitled%to%vote,%in% accordance%with%the%directions%on%the%Proxy%Form%or%it%is%cast%by%the% person%chairing%the%meeting%as%proxy%for%a person%who%is%entitled%to%vote,% in%accordance%with%a%direction%on%the%Proxy%Form%to%vote%as%the%proxy% decides.

13. RESOLUTION%13 – APPROVAL%OF%CHANGE%OF%COMPANY%NAME

To consider and, if thought fit, to pass, with or without amendment, the following Resolution as a special resolution:

That, subject(to(the(passing(of(the(other(Resolutions, for the purposes of section( 158(1)(a)(of(the(Corporations(Act(and for all other purposes, the(Company(is( authorized(to(change(the(name(from(Eagle(Nickel(Limited(to(Pure!Minerals Limited.

PROXY VOTES

Please note that:

(a) a Shareholder entitled to attend and vote at the!General Meeting is entitled to appoint a proxy^
(b) a proxy need not be a Shareholder^ and
(c) a Shareholder entitled to cast two or more votes may appoint two proxies and may specify the proportion or number of votes each proxy is appointed to exercise, but where the proportion or number is not specified, each proxy may exercise half of the votes.

The enclosed Proxy Form provides further details on appointing proxies and lodging Proxy Forms.

CORPORATE REPRESENTATIVE

Any!corporate Shareholder who has appointed a person to act as its corporate representative at the Meeting should provide that person with a certificate or letter executed in accordance with the Corporations!Act!authorising!him!or!her!to!act!as!that!company's!representative.!The authority may!be sent to the Company and/or registry in!advance of the Meeting or handed in at the Meeting when registering as a corporate representative. An appointment of corporate representative form is available, if required.

COMPETENT%PERSON%STATEMENT

The!information!in!this!Notice that!relates!to!Exploration!Results!and!other!technical! information!for!the!Projects!complies with!the!2012!Edition!of!the!Australasian!Code!for Reporting!of!Exploration!Results,!Mineral!Resources!and!Ore!Reserves!(JORC!Code) and!is! based!on!and!fairly!represents!information!compiled!by!Mr!Bill!Oliver,!a!Competent!Person! who!is!a!Member!of!The!Australasian!Institute!of!Mining!and!Metallurgy!and!the!Australian! Institute!of!Geoscientists.

Mr!Oliver!is!a!consultant!to!Pure!Manganese (the!entity!being!acquired!by!the!Company) 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!JORC!Code.

Mr!Oliver!consents!to!the!inclusion!in!this!document!of!the!matters!based!on!his!information! in!the!form!and!context!in!which!it!appears.

ENQUIRIES

Shareholders are invited to contact the Company Secretary, Justyn!Stedwell, on +61!3!9041! 6663 if they have any queries in respect of the matters set out in this document.

BY ORDER OF THE BOARD OF DIRECTORS

Justyn!Stedwell (Company Secretary)

The Notice of General Meeting, Explanatory Statement and Proxy Form should be read in their entirety. If Shareholders are in doubt as to how they should vote, they should seek advice from their accountant, solicitor or other professional adviser prior to voting.

EXPLANATORY STATEMENT

This Explanatory Statement has!been!prepared!for!the!information!of!Shareholders!in!relation! to!the!business!to!be!conducted!at!the!Company's!General!Meeting!to!be!held!at!11:00am! AEST!on Friday,!5!May!2017 at!Office!of!Peregrine!Corporate!Limited,!62D!Heyington!Place,! Toorak!VIC!3142, Australia.

The purpose of this Explanatory Statement is to provide Shareholders with all information known to the Company which is material to a decision on how to vote on the Resolutions in the accompanying Notice of General Meeting.

This Explanatory Statement should be read in conjunction with the Notice of General Meeting preceding this Explanatory Statement. Capitalised terms in this Explanatory Statement are defined in the glossary to this document.

If you have any questions regarding the matters set out in this Explanatory Statement or the preceding Notice of General Meeting, please contact the Company Secretary, your stockbroker, your accountant, or other professional advisor before making any investment decision.

BACKGROUND TO RESOLUTIONS

Purpose of%the Resolutions

The!purpose!of!the!Resolutions!is!to!obtain!Shareholder!approval!to!enable!the!Company!to! proceed!with!the!Proposed!Transaction!and!to!enable!the!Company!to!be!re[instated to trading on the ASX following re[compliance with Chapters 1 and 2 of the Listing Rules.

This document details the Proposed Transaction and relevant conditions.

Background%on the Company

The Company is an Australian public company listed on the official list of the ASX (ASX code: ENL).

ENL's business activities have!been!limited!for!several!years!as!a!result!of!limited!available! funding.!The!shares!in!the!Company!have!been!suspended!since!5!May!2014,!a!suspension! which!was!the!result!of!the!resignation!of!a!Director!which!resulted!in!the!Company!only! having!2!Directors!at!the!time,!which!is!below!the!requirements!of!the!Corporations!Act.

On!26!October!2016,!the!Company!announced!a!sweeping!change!to!the!Board!and! Shareholder!base,!with the!exit!of!Mr!Mei!– who,!since!May!2012, had!held!the!position!of! Chairman!and!had!also!controlled!51%!of!the!ordinary!shares!in!the!Company.

Since!taking!office,!the!new!Board!has!spent!considerable!time!on!the!preparation!and! lodgment!of!all!outstanding!annual,!half[yearly!and quarterly financial!reports!that!were due! by!the!Company,!as!well!as!those!relating!to!the!Company's!outstanding!taxation!reporting,! and!has!held!all!outstanding!annual!general!meetings.!

In!late[October!2016!the!new!Board!announced!its!intentions!to!pursue!potential!acquisitions! with!a!compelling!investment!case,!which!would result!in!the!suspension!from!trading!of! ENL's!securities!being!lifted.

The!strategy!has!resulted!in!the!details!presented!in!this!Notice!of!Meeting.

Background%to the PM Transaction

(a) PM Transaction

Pure!Manganese Pty Ltd (PM) is a private!company incorporated in Australia. PM currently has a total of 76,820 ordinary shares on issue and 8 shareholders,!each!of!which!is!unrelated! to!the!Company.

As announced to the ASX on 30 March!2017, ENL and PM have entered into the binding Share Sale Deed under which ENL has agreed to acquire, subject to the satisfaction of

certain conditions precedent,!100% of the issued share capital of PM in consideration for ENL issuing 17,500,000 Shares,!plus a!right!to 10,000,000!Milestone!1!Shares!and! 25,000,000!Milestone!2!Shares,!and!the!payment!of!\$90,000!cash.

PM!is!party!to!an!acquisition!agreement!with!MDV,!the!terms!of!which!will!require!5,000,000! of!the!PM!Consideration!Shares!to!be!issued!to!the!MDV!Shareholder,!as!well!as!a!payment! of!\$60,000!cash!out!of!the!Shares!and!cash!noted!above. The!acquisition!is!conditional!on! the!completion!of!the!Proposed!Transaction.

PM!is!party!to!a!tenement!acquisition!agreement!with!GB!Energy!Limited!(ASX!code:!GBX)!to! acquire!EL5391,!the!terms!of!which!will!require!a!payment!of!\$30,000!cash!noted!above. The! acquisition!is!conditional!on!the!completion!of!the!Proposed!Transaction.

(b) Share Sale Deed

The key!terms of the Share Sale Deed are set out in Section 1.12.

(c) PM Tenements

PM was established!in!2017!as!a!special!purpose!vehicle!to!secure!exploration!and! prospecting!licences.!PM!has!secured!in!its!own!name!or!via!entry!into!acquisition! agreements!the!following!exploration!licences or!exploration!licence!applications.

Tenement	Status	Project	Holder	Grant Date	End Date	Prospective%for
E08/2693	Granted	Mt!Boggola,! WA	MDV	29/09/2015	28/09/2020	Gold[copper
E09/2132	Granted	Bordah!Well,! WA	MDV	01/07/2016	30/06/2021	Gold[copper
E09/2133	Granted	Morrissey!Hill,! WA	MDV	20/07/2016	19/07/2021	Lithium!and!REE! mineralisation
E09/2136[I	Granted	Morrissey!Hill,! WA	MDV	20/07/2016	19/07/2021	Lithium!and!REE! mineralisation
EL5391	Granted	Lake!Blanche,! SA	GB!Energy	27/03/2014	26/03/2018	Lithium!and! uranium
E09/2217[I	Application	Battery!Hub,! WA	Pure			Manganese
E52/3523[I	Application	Battery!Hub,! WA	Pure			Manganese

Project overviews

Via!the!PM Transaction, ENL!will!obtain!exposure!to a!highly!prospective!package!of! tenements!and!tenement!applications!for!lithium,!rare!earths,!uranium,!gold,!copper!and! manganese!in!Western!Australia!and!South!Australia.!

The!Morrissey!Hill!project!is!prospective!for!lithium!and!REE!mineralisation.!The!Lake! Blanche!Project!in!South!Australia!is!prospective!for!both!lithium!and!uranium!mineralisation! while!manganese!mineralisation!(a!key!metal!used!in!rechargeable!batteries)!has!been! delineated!by!drilling!at!the!Battery!Hub!Project!in!the!Pilbara!region!of!Western!Australia.

The!Company!will!also!gain!exposure!to the!Mt!Boggola!and!Bordah!Well!Projects!which!are! each highly!prospective!copper[gold!and!gold!projects!in!the!Pilbara!and!Gascoyne!regions! of!Western!Australia with!high!grade!drilling!and!sampling!results!from!historical!exploration! at!Mt!Boggola.

Mt%Boggola%Project%(E08/2693)

The!Mt!Boggola!Project!(E08/2693)!is!a!62km² exploration!licence!located!south!of! Paraburdoo in!the!north!west!of!Western!Australia.!Geologically!the!tenement!is!located!on!

the!southern!margin!of!the!Ashburton!Basin!and!is!underlain!by!rocks!of!the!Ashburton! Formation.

Exploration!at!the!Mt!Boggola!Project!(E08/2693)!will!target!gold[copper!mineralisation! defined!by!previous!drilling!and!surface!sampling.

Previous!exploration!by!Noranda,!CRAE,!Newcrest!and!Sandfire!principally!comprised!field! mapping!and!rockchip!sampling,!along!with!various!geophysical!surveys.!However,!despite! substantial!surface!exploration,!especially!by!Newcrest,!only!limited!drilling!has!been! completed!in!the!project!area!and!on!E08/2693!itself.!

Within!E08/2693!Newcrest¹ mapped!and!sampled!a!NW[SE!trending!gossan!named!Stadlers! Gossan!– "a!steeply!dipping!quartz!ironstone!gossan!with!occasional!malachite!and! anomalous!basemetal!and!Au!values".!Two!rockchip!samples!from!Stadlers!returned!results! of!greater!than!40%!copper.!In!August!2006 Sandfire!Resources!NL!carried!out!rockchip! sampling!in!the!Stadlers!area!with!results!of!up!to!23%!copper!and!2.6g/t!gold!(ASX.SFR,! ASX!Release!10!Aug!2006).

Newcrest!drilled!two!holes!at!Stadlers!Gossan!with!one!hole!intersecting!9m!at!1.86%!Cu! (PB29,!Figure!1).!Most!of!the!Newcrest!drilling!appears!to!have!not!reached!unweathered! bedrock,!and!certainly!none!of!the!holes!within!E08/2693.!Nevertheless!the!Company! considers!the!drilling!is!unlikely!to!have!been!a!comprehensive!test!of!the!primary! mineralisation.

Newcrest!relinquished!their!Pilbara!tenements!stating!that!they!had!greater!potential!for!base! metal!mineralisation!than!gold!mineralisation.!A move!away!from!greenfields!exploration!was! also!considered!to!be!a!factor.!It!should!be!noted!that!a!number!of!the!regional!magnetic! anomalies!that!drew!Newcrest!to!the!area!were!not!actually!tested!by!drilling!or!other! methods.!Also!of!interest!was!the!observation!that!the!veins!exhibited!textures!indicative!of! both!shallow!/!low!temperature!and!deeper!/!higher!temperature!fluids!which!implies!potential! for!deeper!mineralisation!in!the!area.

Sandfire!drilled!2!RAB!holes!at!the!Stadlers!Project!with!broad!zones!of!copper[lead[zinc! anomalism!returned!associated!with!a!black!siltstone!unit.!It!is!believed that!this!unit!is! separate!from!the!Stadlers!Gossan.

Sandfire!drilling!targeted!an!EM!anomaly!generated!by!the!HoistEM!system.!The!Company! plans!to!complete!a!high!powered!ground!EM!survey!using!modern!day!improved!technology! to!refine!this!anomaly!and!enable!drilling!to!be targeted.

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

¹ Newcrest!results!information!derived!from!WAMEX!open!file!reports!A35154,!A36872!and!A43784

Figure 1: Plan summarising historical exploration on Mt Boggola tenement.

Figure 2: Plan and sections showing Newcrest drilling at Stadlers (Source: WAMEX open file report A43784)

Further!details!of!the!previous!exploration!results!are!set!out!in!the!Company's! announcement!dated!30 March!2017.

The! Company! plans! for! exploration! on! this! tenement! include! field! mapping! and! reconnaissance!sampling!which!will!be!completed!to!confirm!location of!gossans!identified!by! historical!explorers!and!drilling.!The!suitability!of!the!terrain!for!geophysical!surveying!will!also! be!assessed and! it! is! likely!that! either! electrical! (IP/resistivity/SAM)! or! electromagnetic! (EM)! techniques! will! be! used! to! explore! for! any! accumulations! of! sulphides! in! the! favourable! sedimentary! horizon! identified! by! historical! explorers.! Following! this! diamond! drilling! will! be! completed! to! test! extensions! to! mineralisation! identified! in! historical! drilling! by! Newcrest.! Current!budget!expenditure!is!estimated!at!\$580,000.

Morrissey%Hill%Project%(E09/2133%and%E09/2136)

Exploration!at!the!Morrissey!Hill!Project!(E09/2133!and!E09/2136)!(59km² )!will!target! pegmatite!associated!mineralisation!such!as!Li,!Nb/Ta!(and!other!REE)!and!uranium.

The!Morrissey!Hill!Project!is!located!in!the!Gascoyne!region!of!WA.!Exploration!of!the!Project! area!has!been!undertaken!since!the!1970's!however!due!to!the!location!and!commodity! cycles!most!historical!explorers!have!completed!sporadic!surface!exploration!programmes,! normally!aimed!at!more!"exotic"!metals!or!minerals.!Mining!activity!has!comprised!small!scale! exploitation!of!mica,!beryl!and!niobium[tantalum!bearing!minerals!by!both!open!pit!and! underground!means.!A!number!of!these!workings!remain!easily!identifiable!and!can!even!be! seen!on!Google!Earth.!

The!area!includes!large!outcropping!pegmatites!at!the!Yinnietharra,!Morrissey!Hill!and!Cairn! Hill!centres!which!have!been!interpreted!to!form!part!of!a!single!swarm!intruding!over!a!strike! length!of!25!km!(Figures 3,!4 and!5).!A!parallel!trend!to!the!SW!comprises!the!Wabli!Creek! and!Arthur!River!Prospects.!While!the!main!prospects!in!these!swarms!are!reasonably!well! known!limited!exploration!other!than!mapping!and!surface!sampling!has!been!completed.

A!number!of!mineral!occurrences!are!recorded!as!being hosted!in,!or!associated!with,!these! pegmatites!including!REE,!Nb,!Ta!and!U.!No!systematic!analysis!for!Li!has!been!carried!out! however!the!presence!of!tantalite,!along!with!beryl!and!columbite!indicates!potential!for! lithium!mineralisation!to!be!present. A!sample!taken!by!the!GSWA!in!1918!from!the!Mica! King!mining!area!(within!E09/2136)!returned!0.28%!Li2O!and!more!recent!exploration!has! returned!low!level!lithium!anomalism!in!a!proportion!of!those!samples!where!it!was!analysed! for.!Recent!fieldwork!by!the!tenement!owners!observed!several!occurrences!of!lepidolite! (lithium[bearing!micas)!with!a!best!result!from!rockchip!sampling!of!0.61%Li!as!well!as! several!samples!elevated!in!Rb!and!Cs. (Refer!Appendix!1)!

A!number!of!other!pegmatites!sampled!by!historical!explorers!are!not!recorded!in!GSWA! mapping,!and!detailed!field!mapping!is!likely!to!uncover!more!pegmatites!in!the!area.!These! pegmatites!are!likely!formed!during!the!re[working!of!Archaean!basement!as!a!result!of!fluids! escaping!into!the!country!rock!(sediments!in!various!stages!of!metamorphism).!Historical! exploration!documents show a!number!of!different!pegmatite!bodies!at!each!prospect.!!Some! of!these!pegmatites!are!well!zoned,!others!are!relatively!homogenous!and!further!swarms! have!been!melted!and!recrystallised!by!subsequent!events.

Hyperspectral!analysis!completed!by!Helix!Resources!interpreted!these!pegmatites!as!a! single!suite!following!a!NW!trend!(Figure!5)!which!would!indicate!that!the!bodies!sampled!to! date!either!represent!varying!fractionation/contamination!of!a!single!intrusive!pulse!and/or! different!generations!intruded!along!common!pathways.!

The!ability!to!distinguish!different!suites!and!zonations!within!these!swarms!will!be!key!in! exploring!these!pegmatite!bodies.!Detailed!field!mapping!will!be!carried!out!to!determine!the! various!pegmatites!present!and!their!geochemistry.!Review!of!this!data!will!enable!their! degree!of!fractionation!and!distance!from!granitic!source!rocks!to!be!determined!and!targets! for!drilling!delineated.

Primary!uranium!occurrences!within!the!Morrissey!Hill!Project!are!mostly!associated!with! pegmatites!with!other!sites!shown!on!Figure!3 being!secondary,!calcrete[hosted!uranium! occurrences.!These!have!had!limited!exploration!despite!draining!a!catchment!area!hosting! multiple!uranium!occurrences!associated!with!uranium[rich!granites,!microgranites!and! pegmatites.!The!potential!for!secondary!accumulations!of!uranium!will!be!investigated!via! shallow!drilling.!

Further!details!of!the!previous!exploration!results!are!set!out!in!the!Company's! announcement!dated!30 March!2017.

Figure 3. Geology of Morrissey Hill Project showing mineral occurrences and tenements (Source: GSWA 1:500K bedrock geology and MINIDEX database)

Figure 4: Plan of the Morrissey Hill Project showing rockchip samples taken by MDV, mineral occurrences, prospects, tenements and interpreted pegmatites over GSWA radiometric data. (Refer Appendix 1) (Source: MDV)

Figure 5: Mineral assemblage map from Hyvista hyperspectral mapping commissioned by Helix Resources with interpreted pegmatites (white lines). The interpreted pegmatites show as structures cutting the fabric of the country rock. NB: Tenure shown is not ENL's.

The!Company!plans!for!exploration!on!this!tenement,!with!current!budget!expenditure!is! estimated!at!\$765,000,!includes:

Detailed!field!mapping!including!sampling!for!multi!and!trace!element! geochemical!analysis^
Characterisation!of!pegmatite!phases!and!determination!of!pressure[temperature! gradients!across!the!project!based!on!geochemical!data^
Drilling!to!test!identified!targets!for!Lithium[Cesium[Tantalum!mineralisation,!along! with!any!other!pegmatite[associated!mineralisation!identified^!and
Drilling!will!also!be!carried!out!to!test!areas!with!potential!to!host!secondary!/! calcrete[hosted!uranium!mineralisation

Bordah%Hill%Project%(E09/2132)

Exploration!at!the!Bordah!Well!Project!(E09/2132)!will!target!gold[copper!mineralisation!as! well!as!calcrete!and!hard!rock!uranium!mineralisation!and!REE!mineralisation!associated! with!pegmatites!and!other!intrusive!rocks.

Historical!exploration!at!Bordah!Well!focussed!on!uranium!and!was!carried!out!during!the! 1970's,!the!main!era!of!uranium!exploration!in!Western!Australia.!Both!surface!(calcrete)!and! hard!rock!occurrences!are!recorded!at!the!Bordah!Well!Project!in!the!GSWA's!database!on! mineral!occurrences!including!carnotite!observed!in!calcrete.

Exploration!of!the!uranium!potential!at!Bordah!Well!will!also!assess!the!potential!for! pegmatite!hosted!mineralisation!such!as!Li!and!REE.!Although!historic!exploration!does!not! include!analysis!for!Li!and!REE's!the!setting!is!conducive!to!being!a!host!for!mineralisation,!

as!seen!elsewhere!in!the!Morrissey!Metamorphics,!especially!within!pegmatites!and!zones!of! secondary!iron!mineralisation!in!which!U, Th!and!REE's!commonly!occur!at!elevated!levels.!

Aspects!of!the!Bordah!Well!Project!provide!the!environment!for!concentration!of!these! elements:

areas!of!metamorphism,!where!there!is!significant!structural!distortion!
folding!and!faulting!allowing!the!development!of!secondary!enrichment,
gneiss!and!pegmatites!related!to!structural!deformation!are!related,!and!
outcropping!areas!where!the!potentially!enriched!rocks!are!not!masked!by! recently!transported!cover!allowing!gamma!radiation!to!be!used!as!an!exploration! tool.

More!recently!the!area!was!explored!for!gold!and!base!metals!potential!by!Helix!Resources2 who!carried!out!stream!sediment!followed!by!a!limited!programme!of!soil!and!rockchip! sampling!(20!samples).!Significant!gold!assays!were!returned!from!a!quartz!veined!gossan! including!116g/t!gold!("limonitic!gossan!with!attached!gossan")!and!5.81g/t!gold!("30cm! gossanous/pyritic!quartz!vein").!Gossanous!float!to!the!east!of!this!gossan!returned! anomalous!base!metal!assays!including!one!sample!which!assayed 1.23%!Pb,!828!ppm!Cu,! 0.27!ppm!Au!and!32!ppm!Ag.!In!addition!low!level!anomalism!was!reported!in!both!stream! sediments!and!soils.!Helix!Resources!relinquished!their!tenement!as!they!felt!the!results! were!not!sufficiently!compelling!to!warrant!further!exploration.!No!further!investigation!has! been!undertaken!to!ascertain!whether!the!samples!taken!are!an!isolated!occurrence!or! indicative!of!a!more!substantial!system.

Helix!plotted!all!exploration!results!on!a!topographic!plan.!The!locations!of!the!rockchips! above!correlate!to!Minedex!sites!S0031602!and!31603!which!are!shown!on!Figure!6 below.! As!part!of!the!initial!exploration!phase!ENL!will!take!samples!to!confirm!the!location!and!tenor! of!the!results!reported!by!Helix,!and!at!this!point!would!like!to!emphasise!that!until!these! samples!are!taken!the!results!above!should!be!reviewed!with!caution.

Elevated!PGE's!were!returned!exploration!of!a!gabbroic!unit!to!the!NE!of!Bordah!Well!by!the! Mitchell!River!Group!(the!"Black!Range"!Prospect).!This!unit!is!understood to!extend!onto!the! Bordah!Well!tenement!and!underlie!the!eastern!portion!of!the!tenement!area!however! sampling!by!historical!explorers!did!not!recorde!any!significant!copper!or!PGE!anomalism! with!the!Bordah!Well!tenement.

A!number!of!NW[SE!striking!structures!can!be!seen!in!the!regional!aeromagnetics!and!it!is! anticipated!a!ground!magnetic!survey!will yield!further!targets!for!exploration.

Work!at!the!Bordah!Well!tenement!will!comprise!detailed!mapping!and!sampling!of!these! mineral!occurrences!to!determine their!potential!to!form!a!mineralised!system!of!sufficient! scale!to!be!economically!viable,!at!an!estimated!cost!of!\$300,000.!

Further!details!of!the!previous!exploration!results!are!set!out!in!the!Company's! announcement!dated!30 March!2017.

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

² Helix!Resources results!information!derived!from!WAMEX!open!file!report!A98514

Figure 6. Geology of Bordah Well Project showing locations of Minedex sites and rockchips discussed in the text..

Lake%Blanche%Project%(EL5391)

Exploration!at!the!Lake!Blanche!Project!(EL5391)!(377km² )!will!target!sediment!hosted! lithium!and!uranium.!

The!Lake!Blanche!Project!lies!within!the!Frome!Uranium!Province!of!South!Australia,!a! region!that!is!highly!prospective!for!sedimentary!uranium!in!Cenozoic!sediments!and!contains! a!large!number!of!existing!uranium!deposits!(Beverley,!Four!Mile,!Honeymoon!Well^!Figure! 7).!Mineralisation!in!the!Froome!Uranium!Province!is!hypothesised!to!result!from!the!leaching! of!uranium!from!granitic!and!metamorphic!rocks!in!the!Mt!Painter!Inlier!approximately!100km! south!of!the!Lake!Blanche!Project.

The!same!source!rocks!for!the!uranium!mineralisation!are!also!known!to!have!high! concentrations!of!lithium!and!rare!earth!elements.!Elsewhere!in!the!world!leaching!of!such! rocks!leads!to!the!formation!of!groundwater!highly!enriched!in!lithium,!potash,!and!rare!earth! elements.!Should!these!groundwaters!be!contained!in!closed!lake!environments!from!which! evaporation!can!occur!then!lithium!rich!brines!may!form.!The!northern!margin!of!the!Froome! Uranium!Province!comprises!an!extensive!curvilinear!topographic!depressions!marked!by!a! series!of!lakes!and!lacustrine,!fluvial!and!evaporitic!sediments.!The!presence!of!a!number!of! playa!lakes!including!Lake!Blanche,!Lake!Gregory!and!Lake!Froome!along!this!trend! indicates!potential!for!this!process!to!occur.!

The!Lake!Blanche!Project!contains!a!sizeable portion!of!the!Lake!Blanche!salt!lake,!Lake! Blanche!is!fed!by!a!catchment!that!sheds!off!the!Mount!Babbage!Inlier,!a!suite!of!rocks!with! unusually!high!levels!of!uranium!and!lithium.!!Mineralisation!occurs!where!ground!waters! percolate!through!lithium[bearing!source!rocks!and!deposit!in!a!closed!basin.!!The!region! was!highlighted!in!a!prospectivity!analysis!conducted!by!Geoscience!Australia:!A!Review!of! Australian!Salt!Lakes!and!Assessment!of!their!Potential!for!Strategic!Resources!(Record! 2013/39).!!In!recent!times!the!Lake!Blanche!area!has!attracted!the!attention!of!lithium! explorers!such!as!Argonaut!Resources!NL!(ASX:ARE)3 and!Core!Exploration!Ltd (ASX:CXO)⁴

Recent!work!by!Geoscience!Australia!and!the!South!Australian!Department!of!State! Development!means!that!a!substantial!dataset!of!magnetic,!radiometric!and!EM!data!is!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

³ See!ARE!announcement!of!4!April!2016:!http://www.asx.com.au/asxpdf/20160404/pdf/4368bvgrlrkypz.pdf

⁴ See!CXO!announcement!of!9!June!2016:!http://www.asx.com.au/asxpdf/20160606/pdf/437q9l0jc5dydx.pdf

available!to!ENL!to!advance!both!its!lithium!and!uranium!exploration!within!the!Lake!Blanche! Project.

Further!details!of!the!previous!exploration!results!are!set!out!in!the!Company's! announcement!dated!30 March!2017.

Figure 7. The Froome Uranium Province, South Australia (Geoscience Australia).

Figure 8. Conceptual model for uranium mineralisation in sedimentary basins (Geoscience Australia).

Historical!exploration!in!the!Lake!Blanche!Project!area!has!focussed!on!oil,!gas!and!coal,! with!limited!uranium!exploration!in!recent!times.!While!limited!field!work!has!been!completed! a!large!amount!of!regional!spaced!data!is!available!as!discussed!above,!including!ASTER! and!LANDSAT!imagery,!the!recent!Marree!Magnetic!and!Radiometric!survey!and!the!Frome!

Airborne!Electromagnetic!(AEM)!survey.

No!drilling!has!been!done!in!the!project!area!with!sporadic!drilling!completed!in!the!region! including!a!programme!along!the!Strezlecki!Track!by!Regalpoint!Resources!and!another! programme!to!the!south!of!EL5391.!Drilling!in!the!adjacent!tenement!to!the!south!of!Lake! Blanche!indicates!the!redox!boundary!(an!important!mineralisation!control)!is!further!north! along!a!palaeochannel,!potentially!within!the!Lake!Blanche!tenement.

Previous!exploration!also!included!a!phase!of!work!by!Wakefield!Mining!and!Metals!NL!and! Churchill!Exploration!NL!assessing!concentrations!of!the!rare!strontium!bearing!sulphate! mineral!Celestite.

Interpretation!of!the!Frome!AEM!survey!and!results!from!nearby!drilling!confirm!that!the!Eyre! Formation!sediments!in!paleochannels!were:

hydrogeologically!connected!to!felsic!rocks!enriched!in!leachable!uranium!(Yerilla! Granite!in!the!Mount!Babbage!Inlier,!and!possibly!Mount!Neill!Granite!in!the! Mount!Painter!Inlier)^
Palaeo!fluid[flow!direction!was!broadly!north!and!northeast!from!the!source!area,! which!means!that!the!redox!fronts!which!control!mineralisation!are!located!to! north!and!northeast!of!the!source^!and,
Reduced!Eyre!Formation!sediments!located!in!nearby!drilling!to!the!south,! potential!redox!front!continues!to!the!north!into!the!Lake!Blanche!Project.

ENL!believes!the!Lake!Blanche!Project!has!all!the!components!for!sedimentary!uranium! deposition:

Source:!radiogenic!basement!outcropping!at Mount!Babbage!and!Mount!Painter! inliers^
Path:!thick!sequences!of!gently!dipping,!porous!sandstone!adjacent!to!source^! and
Trap:!confining!shale!formations!and!reduced!components!in!sandstone!(pyrite,! organic!matter).

Leaching!of!the!granites!of!the!Mount Painter!inlier!also!provides!lithium!and!other!potentially! economic!metals!such!with!further!investigations!to!be!completed!as!to!the!potential!for!brine! hosted!deposits.!

The!Company!plans!for!exploration!on!this!tenement,!with!current!budget!expenditure is! estimated!at!\$390,000, includes:

Review!and!reprocessing!of!geophysical!data!from!the!open!file!Maree! Magnetic/Radiometric!Survey!and!the!Frome!Airborne!electromagnetic!survey
Negotiation!of!Native!Title!Agreement
Sampling!of!lake!sediments!and!brines!via!hand!dug!pits
Groundwater!study!into!Lake!Blanche!including!hydrological!study!into! groundwater!inflows!and!recharge!rates
Review!of!results!of!this!work!and!confirmation!of!prospectivity!for!lithium!brine! mineralisation

Battery%Hub%Project%(E09/2217%and%E52/3523 – Applications%only)

The!Battery!Hub!Project⁵⁶ (724km² )!lies!south!of the!infrastructure!rich!Pilbara!region!of! Western!Australia.!68!manganese!prospects!have!been!discovered!and!previous!RC!drilling! on!the!tenements!(E09/2217!and!E52/3523)!has!delineated!high!grade!manganese! (>40%Mn)!with!around!70!holes!reporting!significant!mineralisation!above!15%!Mn.!A!total!of! 509!holes!have!been!drilled!on!the!project.!Of!these!intersections!6!were!over!widths!of!6m! with!all!mineralisation!near!surface!(deepest!intersection!from!64m!downhole).!Drilling!results! include:

8m!at!24.5%!Mn,!
4m!at!19.3%!Mn,!
8m!at!21.3%!Mn,!8m!at!16.3%!Mn,
14m!at!10.9%!Mn,
3m!at!33.3%!Mn,!incl.!2m!at!42.3%!Mn^!
6m!at!23.4%!Mn^
2m!at!39.2%!Mn.

In!addition!83!rock!chip!samples!assayed!over!20%!Mn!with!21!exceeding!40%!Mn!to!a! maximum!of!54.8%!Mn.!It!is!this!high!grade,!near!surface!mineralisation!that!differentiates!the! Battery!Hub!Project!from!its!peers!in!the!Pilbara!Region.!Preliminary!beneficiation!test!work! demonstrates!mineralisation!can!be!upgraded!and!with!a!substantial!infrastructure!network! arising!from!development!of!iron!ore!and!lithium!deposits!in!the!region!the!manganese! concentrate!can!be!easily!delivered!to!customers.

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

⁵ Refer!Appendix!2!for!the!list!of!ASX!announcements!pertaining!to!Aurora!Minerals!U drilling,!drill!crossUsections,! sampling!and!general!information

⁶ Refer!Appendix!3!for!the!list!of!drill!hole!id!references!to!DMP WAMEX report

Work!at!the!Battery!Hub!Project!tenement!will!comprise!of!RC!drilling,!bulk!metallurgy!test! work,!scoping study!to!ascertain!project!viability!and!further!geological!mapping!and! sampling.

The!Battery!Hub!Project!was!previously!owned!by!Aurora!Minerals!Limited!(ASX!code:!ARM).! Aurora's!objective!was!to!delineate!a!JORC!compliant!Inferred!Resource!and!secure!the! ground!with!mining!tenements.!Investor!participation!would!have!enabled!this.!However,!the! lack!of!transport!infrastructure!servicing!the!Project!limited!the!viability!of!further!development! work.!A!number!of!other!explorers!holding!prospective!projects!in!the!Gascoyne!region!have! shelved!their!projects!due!to!lack!of!supporting!infrastructure,!as!well!as!the!current!decline!in! the!iron!ore!industry.!In!order!to!ride!out!the!downturn!and!retain!the!most!prospective! sections!of!the!Capricorn!Southeast!manganese!deposit,!Aurora!had!significantly!reduced!the! Project!tenure.!

Due!to!the!continual!downturn,!at the!time,!of!the!commodity!price!and!forfeiture!notices! issued!by!DMP!for!non!compliance!with!expenditure!commitments,!the!Project!was! terminated.

Figure 10: Battery Hub location map(Source: Pure Manganese – all the prospects detailed were developed by Aurora Minerals Limited)

Company's%intentions

The!Company's main objective is to provide a return to Shareholders!through the successful exploration for and development of high value resources.

In seeking to achieve its objective, the Company's business model will be to:

(a) analyse and interrogate previous exploration data to determine high priority targets within the current tenement package for future exploration^
(b) undertake drilling and geophysical work programs on priority targets within the current tenement package with the aim of identifying and delineating mineral systems and establishing resources^
(c) if!successful!in!delineating!mineral!resources,!expand and upgrade resources, upon discovery, through infill and extension drilling, and assess the economic

viability of development^ and

(d) identify and investigate other value accretive mineral exploration and mining opportunities.

Postgtransaction%ownership%structure

If the Resolutions are approved and the Proposed!Transaction completes, the overall ownership structure of the!Company will be as follows:

Key terms of Share%Sale%Deed

The key terms of the Share Sale Deed are as follows:

(a) (Conditions Precedent): completion of the acquisition of the PM shares is subject to and conditional upon a number of conditions precedent, including:
(i) ENL holding a meeting of!ENL shareholders to obtain all approvals under the Corporations Act and the Listing Rules that are required to give effect to the PM Transaction^ and
(ii) ENL receiving conditional approval by ASX to reinstate its securities on the official list of the ASX and those conditions being satisfied to the reasonable satisfaction of ENL and PM^ and
(iii) ENL completing the Equity Raising^ and
(iv) PM!completing!the!acquisition!of 80%!of Mineral!Developments!Pty!Ltd (MDV) pursuant!to!existing!acquisition!agreement.!The!binding! agreement!between!PM!and!MDV!is!conditional!upon:
- a) ENL holding a meeting of!ENL shareholders to obtain all approvals under the Corporations Act and the Listing Rules that are required to give effect to the PM Transaction^
- b) ENL receiving conditional approval by ASX to reinstate its securities on the official list of the ASX and those conditions being satisfied to the reasonable satisfaction of ENL and PM^ and

c) ENL completing the Equity Raising^
(b) (Consideration): subject to satisfaction of the conditions precedent, at completion, ENL will make a!\$90,000!cash!payment!and!issue 12,500,000 Shares to!the!PM!Shareholders!and!5,000,000!Shares!to!the!MDV!Shareholder.! The!PM!Shareholders!will!also!be!entitled!to!be!issued with!further!Shares!as! follows:!
(i) 10,000,000!Milestone!1!Shares,!upon!the!Company!delineation!an! inferred!JORC!Mineral!Resource!of!at!least 4 million!tonnes!@!10% of! manganese (i.e.!400,000!tonnes!of!contained!manganese!above!a! grade!of!10%!Mn) at!the!acquired!tenement!applications!of!PM,!within! 12!months!of!completion of!the!PM!Transaction!and!the!20!day!VWAP! of!the!Company's!shares!being!equal!to!or!greater!than!\$0.04,!also! within!12!months!of!completion!of!the!PM!Transaction^ and!
(ii) 25,000,000!Milestone!2!Shares,!upon!the!completion!of!a!positive! Feasibility!Study!at!any!of!the!tenements!or!tenement!applications!of! PM!acquired!at!completion!of!the!PM!Transaction,!within!54!months!of! completion!of!the!PM!Transaction!and!the!20!day!VWAP!of!the! Company's!shares!being!equal!to!or!greater!than!\$0.06.
(c) (Exclusivity): until the earlier of termination of the Share Sale Deed or completion of the Proposed!Transaction occurring,!none of PM, the PM Shareholders,!ENL or any of their officers or directors will solicit, offer, encourage or respond to any proposals from any third party regarding any acquisition of their issued share capital or a competing transaction or alternative investment.

The Share Sale Deed otherwise contains clauses typical for agreements of this nature.

Equity Raising

The Company is seeking to raise a!minimum!and!maximum!subscription!of \$4.5 million (Equity Raising)!via!the!issue!of!225,000,000!Shares at an issue price of \$0.02!per Share, in order to complete the Proposed!Transaction, fund the Company's future activities, pay for the costs of re[complying with Chapters 1 and 2 of the Listing Rules and fund the working capital requirements of the Company.

The Equity Raising is to be in the form!of an offer to eligible overseas and Australian investors under the Prospectus.

The Company will satisfy its obligations to provide Shares to investors under the Equity Raising by issuing new Shares.

Approval for the issue of the Shares under the Equity Raising is the subject of Resolution 5.

Use%of%funds

On the basis that the minimum!and!maximum!subscription!of \$4.5 million is raised under the! Equity Raising, following re[admission of the Company to the official list of the ASX, ENL will hold the funds raised from!the Equity Raising together with existing cash reserves of PM and the existing cash reserves of the Company.

The Company intends to apply available funds to a substantive exploration programme over a two[year period as outlined below.

Description	\$4.5 million raised (min%and%max% subscription)
Source of funds
Existing cash reserves (ENL and PM) 1	\$30,000

Net funds raised under the Equity Raising 2	\$4,230,000
TOTAL	\$4,260,000
Allocation of funds
Morrissey&Hill: Field!mapping!and!sampling!including!assays and!management	\$145,000
Morrissey&Hill: Consultant!review!and!analysis!of!data,! heritage!survey!	\$180,000
Morrissey&Hill: Diamond!drilling!to!test!palaeochannels!for! uranium!mineralisation including!downhole!gamma! surveying.	\$140,000
Morrissey&Hill: Diamond!drilling!to!test!targets!for!Li! mineralisation	\$300,000
Bordah&Well: Field!mapping!and!sampling!including!assays and!management	\$90,000
Bordah&Well: Surveys	\$110,000
Bordah&Well: Reconnaissance!drilling	\$100,000
Mt&Boggola: Field!mapping!and!sampling!including!assays,! heritage!survey	\$220,000
Mt&Boggola: Diamond!drilling!to!test!below!historical! drilling.	\$240,000
Mt&Boggola: Ground!EM!and!IP!surveys	\$120,000
Lake&Blanche: Review!and!reprocessing!of!survey!data,! helicopter!EM!survey,!studies!and!initial!sampling,!heritage! survey,!native!title,!target!generation!and!drill!planning	\$390,000
Battery&Hub:!Planning!and!implementation!of!RC!drilling!to! infill!mineralisation!and!enable!definition!of!JORC!resource	\$550,000
Battery&Hub:!Metallurgical!testwork	\$200,000
Balance!of!tenement!acquisitions!due!upon!relisting	\$90,000
Working!Capital	\$475,000
Administration!Costs	\$285,000
Directors Fees	\$265,000
Stamp Duty	\$35,000
Re[listing Costs	\$75,000

Consultants Fees	\$250,000
TOTAL	\$4,260,000

¹ The!majority of!the!cash in ENL is!anticipated to!be!expensed!in!the!obligations!and!commitments!required!to! complete!the!Proposed!Transaction.

² Anticipated!total!costs of \$270,000!associated with!the \$4.5 million equity!raising

Postgconsolidation%Conversion of%ENL%existing%convertible%notes

The!Company!currently!has!issued!200,000!convertible notes!at!a!face!value!of!\$1!each!to! an!entity!associated!with!existing!director,!Mr!Andrew!McKay!("Noteholder").

Under the terms!of the convertible!notes, subject!to!prior!receipt!of!shareholder!approval,!all! outstanding notes!are converted!into!Shares!in!the!Company!as!full!and!final!repayment upon! a!relisting!event.

To satisfy this, if!the!Resolutions!are!passed,!the Company will issue 10,000,000 post[ consolidation!Shares to the!Noteholder!(or!nominees) in full and final satisfaction of repayment of the convertible!notes.

Under Resolution 12, the Company is seeking Shareholder approval for the conversion of the convertible!notes to Ordinary Shares.

Regcompliance with Chapters 1 and%2%of the%Listing Rules

The Company will!acquire exploration tenements!in areas in!South!Australia and!Western! Australia!as!a!result!of!the!completion!of!the Proposed Transaction, which!will result in a change to the!scale of the Company's operations. Accordingly, subject to Shareholders! approving!the Resolutions, the Company will seek to re[comply with the requirements of Chapters 1 and 2 of the Listing Rules to obtain re[quotation of its Shares on ASX.

The Company will not transfer or issue any of the Shares under Resolutions!2 to!5!or 10!to 12 until the Company has conditional confirmation from!ASX that, subject to compliance with the conditions imposed by ASX, the Company will re[comply with Chapters 1 and 2 of the Listing Rules.

Among other things, the provision of Chapters 1 and 2 of the Listing Rules require the Company to:

(a) obtain the requisite Shareholder spread^
(b) prepare a prospectus in accordance with the provisions of the Corporations Act^
(c) have an appropriate structure and operations^ and
(d) satisfy!the!assets!tests!required!in!the!Listing!Rules!in!relation!to!the!Company's! asset!value!at!the!date!of!listing.

ASX%waivers

The!Company!has!applied!for!and!expects!ASX to grant the Company a waiver from!Listing Rule 2.1!condition!2!to permit the Company!to!satisfy!its!relisting!at!an!issue!price!at!no!less! than!\$0.02!per!Share.

The!Company!has!also!applied!for!and!expects!to!receive!a!waiver!from!Listing!Rule!7.3.2!to! permit!the!Company!to!issue!the!Milestone!Shares!later!than!the!3!month!period!permitted!by! that!rule.

Details!of!the waivers!will!be!released!to!the!market!when!they!are!issued.!In!the!event!ASX! does!not!grant!the!waivers,!then!the!Company!will!need!to!reconsider!the!Proposed! Transaction.

Impact%of the%Proposed%Transaction on the Company's capital%structure

The effect of the Proposed!Transaction (on an undiluted basis) on the capital structure of the Company (based on the!minimum!and!maximum!subscription!of \$4.5 million being raised at an issue price of \$0.02 per Offer Share under the Equity Raising) can be summarised as follows:

	\$4.5 million raised1	% interest (\$4.5 million raised)
Shares
Shares!currently!on!issue	121,463,190
Consolidation!on!a!67!for!10!basis	(103,334,356)
Company Shares!on!issue!post U!!consolidation	18,128,834	6.49%
PM!Consideration!Shares!to!be!issued	17,500,000	6.26%
Facilitation!shares!to!be!issued!to!Xcel!Capital	5,000,000	1.79%
Shares!to!be!issued!to!Directors	3,750,000	1.34%
Shares!to!be!issued!upon!conversion!of!convertible! notes	10,000,000	3.58%
Shares!to!be!issued!under!the!Capital Raising	225,000,000	80.54%
Total at&Reinstatement	277,939,855	100.00%
PM!Deferred!Consideration!Shares	35,000,000	11.18%
Total&fully&diluted	312,939,855	100%

Note:

The!above figures are based on the!a!minimum!and!maximum!subscription!of \$4.5 million being raised under!the Equity!Raising at an issue!price of \$0.02 per Offer Share.

Pro%forma Balance%Sheet

An unaudited pro forma balance sheet of the Company following completion of the Proposed! Transaction is set out below

In thousands of(Australian dollars	Note	Historical% as at 31 Dec 2016	Pro Forma Adjustments	Pro Forma Historical as%at 31 Dec 2016
CURRENT ASSETS
Cash at bank	A	106	4,115	4,221
Receivables	A	14	[	14
Prepayments		[	[	[
Investments		60	(60)	[
Total Current Assets		180	4,055	4,235

NONgCURRENT ASSETS

Exploration asset	B	[	440	440
Total Non[Current Assets		[	440	440
TOTAL ASSETS		180	4,495	4,675

CURRENT LIABILITIES
Creditors		112	(112)	[
Tax payable		(12)	12	[
Total Current Liabilities		100	(100)	[

NONgCURRENT%%LIABILITIES
Other!financial!liabilities	C	200	(200)	[
Total Non[Current Liabilities		200	(200)	[

TOTAL LIABILITIES		300	(300)	[
NET ASSETS / (LIABILITIES)		(120)	4,795	4,675

A. Cash at bank

	Note	\$'000
Historical cash at!bank as!at 31!Dec 2016		106
Proceeds!from!Investments		60
Proceeds!from!GST!return		12
Payments!to!creditors		(112)
Proceeds!from shares issued!to!investors	D!(a)	4,500
Offer costs	D!(b)(c)	(345)
Pro!forma!historical!cash!at!bank as at 31 Dec 2016		4,221

B. Exploration asset

	Note	\$'000
Historical exploration asset!as at!31Dec 2016		[
Acquisition!of!exploration!assets!included!in!PM	D!(c)	440
Pro!forma!historical exploration asset!as at 31!Dec 2016		440

C. Conversion%of%the%convertible%note

D. Pro Forma Transactions

The pro forma transactions reflected above comprise the following:

(a) The issue of 225,000,000 Offer Shares at \$0.02 per Share totaling \$4,500,000 to investors participating in the Equity Raising. This transaction has!been reflected as an increase in cash, with a corresponding increase in share capital.

(b) Offer!costs!of!\$345,000!including!Share issue costs!of!\$270,000!relating to the Equity Raising in (a) above,!in!addition!to!\$75,000!of!other!transaction!related! expenses.
(c) The acquisition of 100% of the issued and outstanding shares of PM in exchange for consideration of \$350,000, payable in PM Consideration Shares,! plus!the!cash!payable!on!the!PM!acquisition!of!\$90,000!to!be!used!by!PM!to! complete!the!outstanding!amounts!owing!for!its!tenement!acquisitions. Based on the offering price of \$0.02 per Share, the consideration due to the PM Shareholders equates!to!17,500,000!Shares!in!ENL.

The acquisition has been treated as an asset acquisition for accounting purposes as PM does not meet the definition of a business under AASB 3 Business Combinations. As a result, the cost of \$440,000 has been allocated to the identifiable assets acquired and liabilities assumed on the basis of their relative fair values. Consequently, \$440,000 has been allocated to exploration asset.

PM%Audited%Accounts

Detailed!Profit!and!Loss!Statement

For!the!period!1!July!2016!to!28!February!2017

	2017 (\$)
Expenses
Consultants!Fees!	900
Mining!Title!Manag't!Serv.!&!Disbursem!
Total!expenses!	30,646
Profit!(Loss)!from!Ordinary!Activities!before!income!tax!	(30,646)

Detailed!Balance!Sheet!as!at!28!February!2017
	2017!(\$)
Current!Assets
Bank![ CBA!****1166!	16,289
Cash!On!Hand!	100
Input!Tax!Credit!Control!Account!	3,065
Total!Current!Assets!	19,454
Non[Current!Assets
Goodwill![ At!Cost!	26,720
Total!Non[Current!Assets!	26,720
Total!Assets!	46,174
Net!Assets!	46,174

Equity
Issued!Capital
Issued!&!Paid!Up!Capital!	76,820
Retained!profits!/!(accumulated!losses)!	(30,646)
Total!Equity!	46,174
(Refer!Appendix!4!for!a!copy!of!the!Pure!Manganese!Pty!Ltd!Audit!Report)

Board%of%Directors

The Board of Directors currently comprises:

(a) Bryan!Frost (Non[executive!Chairman)^
(b) Andrew!McKay (Non[executive!Director)^ and
(c) Robert Parton (Non[executive Director).

Upon!completion!of!the!Proposed!Transaction,!subject!to!the!passing!of!the!Resolutions,!it!is! intended!that Jeremy!King, Lincoln!Ho and!Sean!Keenan will!be!appointed!as!Directors!and! Bryan!Frost!and!Andrew!McKay!will resign!as!Directors.!The!profile!of!Jeremy!King, Lincoln! Ho and!Sean!Keenan are!outlined!in!Resolutions!7,!8!and!9 respectively.

ADVANTAGES AND DISADVANTAGES OF THE PROPOSED%TRANSACTION

Advantages of the%Proposed%Transaction

The Directors are of the view that the following non[exhaustive list of advantages may be! relevant to a Shareholder's decision on how to vote on the Resolutions:

(a) the Company will be exposed to a tenement package prospective for lithium,! manganese,!rare!earths,!gold!and!copper and Shareholders have the ability to gain exposure to future opportunities^
(b) the appointment of the Proposed Directors!and!Xcel!Capital!Pty!Ltd!as!advisor will add relevant experience, skills and!networks to the Board to assist with the growth of the Company^
(c) the Company's ability to raise funds and attract strategic investors may be improved^!
(d) completion!of!the!Proposed!Transaction!is!expected!to!cause!the!Company's! securities!to!re[commence!trading!on!the!ASX^!and
(e) the Proposed Transaction may encourage new investors in the Company which may lead to increased liquidity of Shares and greater trading depth than currently experienced by Shareholders.

Disadvantages%of%the Proposed%Transaction

The Directors are of the view that the following non[exhaustive list of disadvantages may be! relevant to a Shareholder's decision on how to vote on the Resolutions:

(a) the Company will be changing the scale of its activities and!move!away!from!a! company focused on nickel, which may not be consistent with the!objectives of all Shareholders^
(b) the Proposed Transactions!will result in the issue of Shares to the!PM! Shareholders, convertible!noteholders,!Xcel!Capital and new investors, which will have a significant dilutionary effect on the holdings of existing Shareholders^!and
(c) lithium,!manganese,!rare!earths,!gold!and!copper!mineral exploration and mining activities has a relatively!high!risk and reward profile!and!there!is!no!guarantee! that!the!Proposed!Transaction!will!result!in!increased!share!value!for! Shareholders. A non[exhaustive summary of this risk profile is set out in this! Section.

Plans%for%the%Company%if%the%Resolutions are not passed

If the Resolutions are not passed and the Proposed!Transaction!does not!complete, the! Company anticipates!it!will!be!delisted!from!the!ASX in!accordance!with!Guidance!Note!33! section!3.4.

The!Company's!delisting!date!is!close!of!business!on!5!May!2017.

KEY RISKS

Shareholders should be aware that if the Proposed!Transaction proceeds, there!are!inherent! risks!in!undertaking mineral exploration and operating!a!mining company in the mining industry. As a result, the Company will become subject to various risk factors which do not necessarily apply to the Company as present.

Based on the information available as at the date of this Notice of General Meeting, a non[ exhaustive list of risk factors!associated with the Proposed!Transaction are set out in this Section.

Risks%relating to the%change in nature and scale%of%activities

(a) RegQuotation of Shares on ASX

The Proposed!Transaction constitutes a significant change in the scale of the Company's activities and the Company needs to re[comply with Chapters 1 and 2 of the ASX Listing Rules as if it were seeking admission to the official list of ASX.

There is a risk that the Company may not be able to meet the requirements of the ASX for re[ quotation of its Shares on the ASX. Should this occur, the Shares will not be able to be traded on the ASX until such time as those requirements can be met, if at all. Shareholders may be prevented from trading their Shares should the Company!remain suspended!until such time as it does re[comply with the ASX Listing Rules.

(b) Dilution Risk

The Company currently has 121,463,190 Shares on issue.

On completion of the Proposed!Transaction and!the!proposed!consolidation, the existing Shareholders will retain!approximately!6.49%!of!the!issued!capital!of!the!Company,!with!the ENL!Noteholders!holding!a!total!of!3.58%, PM Shareholders!holding!a!total!of!6.26%,!current! Directors!an!additional!holding of!1.34%,!Xcel!Capital!holding!a!total!of!1.79% and!the!other! investors!under!the!Equity!Raising!holding!in!aggregate!80.54%!of!the!issued!capital!of!the! Company!respectively.

There is also a risk that the interests!of Shareholders will be further diluted as a result of future raisings required in order to fund the development of the business.

(c) Liquidity Risk

Based on the post[offer capital structure,!there!is!no!guarantee!that!on[market!volumes!will!be! available!to!support!the!volume!of!potential!sellers.

This could be considered an increased liquidity risk as the!increased!volume of issued capital may not be able to be traded until!such!time!as!the!market!demand!exists.

(d) Contractual Risk

Under the Share Sale Deed, the Company has agreed to acquire 100% of PM from the PM Shareholders, subject to the fulfilment of certain conditions precedent.

The ability of the Company to achieve its stated objectives will depend on the performance by the parties of their obligations under the aforementioned agreement. If any party defaults in the performance of their obligations, it may be necessary for the Company to approach a court to seek a legal remedy, which can be costly.

Risks%relating to the%Company's operations

(a) Exploration and Evaluation Risks

The mineral tenements that ENL will own or have the rights to exploit at the conclusion of the Proposed Transaction are at various stages of exploration. Potential investors should understand that mineral exploration and development are high[risk undertakings. There can be no assurance that exploration of these tenements, or any other tenements that may be acquired in the future, will result in the discovery of an economic mineral deposit.!Even if an apparently viable deposit is identified, there is no guarantee that it can be economically exploited.

The future exploration activities of!ENL may be affected by a range of factors, including geological conditions, limitations on activities due to seasonal weather patterns, unanticipated operational and technical difficulties, industrial and environmental accidents, native title process, changing government regulations and many other factors beyond the control of the Company.

The success of!ENL will also depend upon the Company having access to sufficient development capital, being able to maintain title to!its tenements and obtaining all required approvals for its activities.!In the event that exploration programs prove to be unsuccessful, this could lead to a diminution in the value of the tenements, a reduction in the mineral reserves of the Company and possible relinquishment of the tenements.

The exploration costs of ENL are based on certain assumptions with respect to the method and timing of exploration. By their nature, these estimates and assumptions are subject to significant uncertainties and, accordingly, the actual costs may materially differ from these estimates and assumptions. Accordingly, no assurance can be given that the cost estimates and the underlying assumptions will be realised in practice, which may materially and adversely affect the Company's viability.

(b) Ability to exploit successful discoveries

It may not always be possible for ENL to exploit successful discoveries which may be made in areas in which the Company has an interest.!Such exploration would involve obtaining the necessary licences or clearances from the relevant authorities that may require conditions to be satisfied and/or the exercise of discretions by such authorities. It may or may not be possible for such conditions to be satisfied. Further, the decision to proceed to further exploration may require participation of other companies whose interests and objectives may not be the same as the Company's.

(c) Development risks and costs

Possible future development of mining operations at any of ENL's projects is dependent on a number of factors and avoiding various risks, including, but not limited to, failure to acquire and/or delineate economically recoverable mineral bodies, unfavorable geological conditions, failing to receive the necessary approvals from all relevant authorities and parties, unseasonal weather patterns, excessive seasonal weather patterns, unanticipated technical and operational difficulties encountered in extraction and production activities, mechanical failure of operating plant and equipment, unexpected shortages or increases in the price of consumables, spare parts and plant and equipment, cost overruns, risk of access to the required level of funding and contracting risk from third parties providing essential services.

In addition, the construction of any!proposed!development may!exceed the expected! timeframe!or!cost!for!a!variety!of!reasons out of the Company's control. Any delays to project development could adversely affect the Company's operations and financial results and may require the Company to raise!further funds to complete the project development and commence operations.

(d) Operating risks

ENL may!be subject to!the!risks!involved in the establishment of a!new!mining operation if the Company!decides to!develop its mineral!assets. There!is no assurance that!can!be given!to! the!level!of!viability!that!the!Company's!operations!may!achieve. Lower than!expected! productivity!and!technical difficulties and!late delivery of materials and equipment could have! an!adverse!impact!on any!future construction and!commissioning!schedules. No assurance can be given that!the!intended production schedules will be!met!or that the!estimated operating cash costs!and development costs will be!accurate.

Further, the!operations of the Company!(if production commences)!may!have to!be shut down or may!otherwise!be!disrupted by!a!variety!of risks!and hazards which are beyond the control!of the!Company, including environmental hazards, industrial accidents, technical! failures, labour disputes, weather conditions, fire, explosions and!other accidents at the!mine,! processing plant or related facilities beyond the control of the Company. The!occurrence of any!of the risks!and hazards could also!result in damage!to, or destruction of,!amongst!other things, production facilities, personal!injury, environmental damage,!business interruption, monetary!losses and!possible legal liability. The!Company!intends to!apply!for!insurance within ranges of coverage consistent with!industry!practice, no assurance can be given that the Company will be!able to obtain such insurance coverage at reasonable rates (or at all, or

that any coverage it obtains will be adequate and available to cover any such claims).

(e) Operating and Development Risks

ENL's ability to achieve production, development, operating cost and capital expenditure estimates on a timely basis cannot be assured. The business of exploration and mining involves many risks and may be impacted by factors including mineral tonnes, mining and process recovery, input prices (some of which are unpredictable and outside the control of the Company), overall availability of free cash to fund continuing development activities, labour force disruptions, cost overruns, changes in the regulatory environment and other unforeseen contingencies. Other risks also exist such as environmental hazards (including discharge of pollutants or hazardous chemicals), industrial accidents and occupational and health hazards. Such occurrences could result in damage to, or destruction of, production facilities, personal injury or death, environmental damage, delays in mining, increased production costs and other monetary losses and possible legal liability to the owner or operator of the mine. The Company may become subject to liability for pollution or other hazards against which it has not insured or cannot insure, including those in respect of past mining activities for which it was not responsible.

In addition, the Company's profitability could be adversely affected if, for any reason, its production and processing of its!resources or mine development is unexpectedly interrupted or slowed. Examples of events which could have such an impact include unscheduled plant shutdowns or other processing problems, mechanical failures, the unavailability of materials and equipment, pit slope failures, unusual or unexpected rock formations, poor or unexpected geological or metallurgical conditions, poor or inadequate ventilation, failure of mine communication systems, poor water condition, interruptions to!gas and electricity supplies, human error and adverse weather conditions.

The risks outlined above also mean that there can be no assurances as to the future development of a mining operation in relation to any of the Company's projects described in this Notice of Meeting or which the Company may acquire in the future.

(f) Environmental Risks and Regulations

The operations and proposed activities of ENL are subject to Western Australian,!South! Australian and Federal environmental laws and regulations. As with most exploration projects and mining operations, the Company's activities are expected to have an impact on the environment, particularly if advanced exploration or mine development proceeds. The Company attempts to conduct its activities to the highest standard of environmental obligation, including compliance with all environmental laws.

(g) Title Risks

Under the terms of the granted mining tenements and other contractual agreements to which ENL is, or may in the future become, a party, the Company is, or may become, subject to payment and other obligations.!In particular, the Company has an obligation to meet the prescribed expenditure conditions on the granted mining tenements. Failure to meet these expenditure commitments will render the relevant tenement liable to be forfeited unless a total or partial exemption is granted in accordance with the provisions of the Mining Act.

In addition, the Company cannot guarantee that those mining tenements that are applications will ultimately be granted (in whole or in part).

(h) Licences and Permits

ENL's mining exploration activities are dependent upon the grant, or as the case may be, the maintenance of appropriate licences, concessions, leases, permits and regulatory consents which may be withdrawn or made subject to limitations. The maintaining of tenements, obtaining renewals, or getting tenements granted, often depends on the Company being successful in obtaining the required statutory approvals for its proposed activities and that the licences, concessions, leases, permits or consents it holds will be renewed as and when required. There is no assurance that such renewals will be given as a matter of course and there is no assurance that new conditions will not be imposed in connection therewith.

(i) Joint Venture Parties, Agents and Contractors

The Directors are unable to!predict the risk of financial failure or default by a participant in any joint venture to which the Company is or may become a party or the insolvency or managerial failure by any of the contractors used by the Company in any of its activities or

the insolvency or other managerial failure by any of the other service providers used by the Company for any activity.

(j) Future capital requirements

ENL's activities will require substantial expenditure. There can be no guarantees that the funds raised through the!Equity Raising will be sufficient to successfully achieve all the objectives of the Company's overall!business strategy. If the Company is unable to use debt or equity to fund development after the substantial exhaustion of the net proceeds of the! Equity Raising, there can be no assurances that the Company will have sufficient capital resources for that purpose, or other purposes, or that it will be able to obtain additional resources on terms acceptable to the Company or at all. Any additional equity financing may be dilutive to Shareholders and any debt financing if available may involve restrictive covenants, which may limit the Company's operations and business strategy.

The Company's failure to raise capital if and when needed could delay or suspend the Company's business strategy and could have a material adverse effect on the Company's activities.

(k) Potential Acquisitions

As part of its business strategy,!ENL may make acquisitions of or significant investments in companies, products, technologies or resource projects. Any such future transactions would be accompanied by the risks commonly encountered in making acquisitions of companies, products, technologies or resource projects.

(l) Reliance on Key Personnel

ENL's future depends, in part, on its ability to attract and retain key personnel. It may not be able to hire and retain such personnel at compensation levels consistent with its existing compensation and salary structure. Its future also depends on the continued contributions of its executive management team and other key management and technical personnel, the loss of whose services would be difficult to replace. In addition, the inability to continue to attract appropriately qualified personnel could have a material adverse effect on the Company's business.

(m) Insurance and Uninsured Risks

ENL, where economically feasible, may insure its operations in!accordance with industry practice. However, even if insurance is taken out, in certain circumstances the Company's insurance may not be of a nature or level to provide adequate insurance cover. The occurrence of an event that is not covered, or fully covered, by insurance could have a material adverse effect on the business, financial condition and results of the Company. Insurance of all risks associated with mineral exploration and production is not always available and, where available, the costs can be prohibitive.

(n) Governmentregulation

The mining,!processing,!development!and mineral!exploration!activities!of!ENL are!subject!to various!laws!governing prospecting,!development, production,!taxes,!labour!standards!and occupational health, mine safety, toxic!substances, land use, water use, land claims of local people, and other matters. Although the exploration and development activities of the Company are currently carried out in accordance with all applicable rules and regulations, no assurance can be given that new rules and regulations will not be enacted or that existing rules and regulations will not be applied in a manner which could limit or curtail production or development.

Amendments to current laws and regulations governing operations and activities of mining and milling or more stringent implementation thereof could have a substantial adverse impact on the Company.

(o) Government adverse legislation

ENL has no control over the actions of State or Federal governments and the legislation they pass. Legislation may be passed that has an adverse effect on the ability of the Company to operate in all or part of its business or on the ability of the Company to continue to own its tenements or other assets, including legislation that may result in tenements being revoked and the Company being unable to recover the value of the tenements, including the expected profits from the exploitation of the tenements, or the costs expended by the Company in

exploring and mining those tenements.

(p) Risk of adverse publicity

Subject to completion of the Proposed Transaction, the!Company's!activities will involve! mineral exploration!and!mining and regulatory approval!of!its activities may!generate public controversy. Political and social!pressures and adverse publicity could lead to delays in approval of, and increased expenses for, ENL's!activities. The nature of ENL's!business attracts a high level of public!and media interest and, in the event of any resultant adverse publicity^ ENL's!reputation may!be harmed.

(q) Fluctuations in Commodity Prices

The prices of Gold,!Copper,!Lithium!and!Manganese and other minerals fluctuate widely and! are affected by numerous factors beyond the control of!ENL, such as industrial and retail supply and demand, exchange rates, inflation rates, changes in global economies, confidence in the global monetary system, forward sales of metals by producers and speculators as well as other global or regional political, social or economic events. Future serious price declines in the market values of Lithium!and!Manganese could cause the continued development of, and eventually the commercial production from, the Company's projects and the Company's other properties to be rendered uneconomic. Depending on the prices of commodities, the Company could be forced to discontinue production or development and may lose its interest in, or may be forced to sell, some of its properties. There is no assurance that, even as commercial quantities of!Gold,!Copper,!Uranium,!Lithium and/or Manganese are produced, a profitable market will exist for it.

In addition to adversely affecting!any reserve estimates of the Company and its financial condition, declining commodity prices can impact operations by requiring a reassessment of the feasibility of a particular project. Such a reassessment may be the result of a management decision or may be required under financing arrangements related to a particular project. Even if a project is ultimately determined to be economically viable, the need to conduct such a reassessment may cause substantial delays or may interrupt operations until the reassessment can be completed.

(r) Inherent Mining Risks

ENL's business operations are subject to risks and hazards inherent in the mining industry. The exploration for and the development of mineral deposits involves significant risks, including: environmental hazards^ industrial accidents^ metallurgical and other processing problems^ unusual or unexpected rock formations^ structure cave[in or slides^ flooding^ fires and interruption due to inclement or hazardous weather conditions. These risks could result in damage to, or destruction of, mineral properties, production facilities or other properties, personal injury or death, environmental damage, delays in mining, increased production costs, monetary losses and possible legal liability.

Whether income will result from projects undergoing exploration and development programs depends on the successful establishment of mining operations. Factors including costs, actual mineralisation, consistency and reliability of mineral grades and commodity prices affect successful project development.

(s) Commodity Price and Exchange Rate Risks

To the extent ENL is involved in mineral production the revenue derived through the sale of commodities may expose the potential income of the Company to commodity price and exchange rate risks. Commodity prices fluctuate and are affected by many factors beyond the control of the Company. Such factors include supply and demand fluctuations for precious and base metals, technological advancements, forward selling activities and other macro[ economic factors.

Furthermore, international prices of various commodities are denominated in United States dollars, whereas the income and expenditure of the Company are and will be taken into account in Australian currency, exposing the Company to the fluctuations and volatility of the rate of exchange between the United States dollar and the Australian dollar as determined in international markets.

In addition to adversely affecting any reserve estimates of the Company and its financial condition, declining commodity prices can impact operations by requiring a reassessment of the feasibility of a particular project.!Such a reassessment may be the result of a

management decision or may be required under financing arrangements related to a particular project. Even if a project is ultimately determined to be economically viable, the need to conduct such a reassessment may cause substantial delays or may interrupt operations until the reassessment can be completed.

(t) ENL Does Not Have Any Production Revenues

At present, ENL is not generating any revenues from!its projects nor has the Company commenced commercial production on any of its properties. There can be no assurance that significant additional losses will not occur in the near future or that the Company will be profitable in the future.!The Company's operating expenses and capital expenditures may increase in subsequent years as additional consultants, personnel and equipment associated with advancing exploration, development and commercial production of the Company's projects are added. The amounts and timing of expenditures will depend on the progress of ongoing exploration and development, the results of consultants' analyses and recommendations, the rate at which are!beyond the Company's control.

The Company expects to continue to incur losses unless and until such time as its projects enter into commercial production and generates sufficient revenues to fund its continuing operations. The development of the Company's projects will require the commitment of substantial resources to conduct the time[consuming exploration and development activities. There can be no assurance that the Company will generate any revenues or achieve profitability. There can be no assurance that the underlying assumed levels of expenses will prove to be accurate.

(u) Native Title Risks

It is possible that, in relation to tenements which ENL has an interest in or will in the future acquire such an interest, there may be areas over which legitimate common law native title rights of Indigenous Australians exist. If native title rights do exist, the ability of the Company to gain access to tenements (through obtaining consent of any relevant!landowner), or to progress from the exploration phase to the development and mining phases of operations, may be affected.

The Directors closely monitor the potential effect of native title claims involving tenements in which the Company has or may have an interest.

(v) Investment Risks

ENL currently has exposure to investment risk arising from its shareholdings in other companies and will gain further exposure to this risk if the Resolutions are approved by Shareholders. The Company may continue to hold, increase,!decrease or eliminate its exposure to this risk in future. Investee companies likely are exposed to many of the same risks as the Company, however they may also be exposed to greater and more wide ranging risks than the Company is exposed to. In addition, these risks may change in future. This indirectly provides the Company with exposure to these risks. The performance of investee companies will impact the Company in many ways. A loss of value of an investee company will reduce the assets of the Company and!will result in a reduced cash inflow to the Company if a holding is sold. This may impact the Company's ability to fund its future work programme.

General Risks

(a) Management of Risk

There is a risk that management of the Company will not be able to implement the Company's growth strategy after completion of the Proposed!Transaction. The capacity of the new management to properly implement and manage the strategic direction of the Company may affect the Company's financial performance.

(b) Market Risk

Share market conditions may affect the value of the Company's quoted Securities regardless of the Company's operating performance. Share market conditions are affected by many factors such as:

(i) general economic outlook^

(ii) interest rates and inflation rates^
(iii) currency fluctuations^
(iv) commodity price fluctuations^
(v) changes in investor sentiment toward particular market sectors^
(vi) the demand for, and supply of, capital^ and
(vii) terrorism and other hostilities

(c) InvestmentSpeculative

The above list of risk factors ought not to be taken as exhaustive of the risks faced by the Company or by investors in the Company. The above factors, and others not specifically referred to above may, in the future, materially affect the financial performance of the Company and the value of the Company's securities.

CONDITIONALITY OF RESOLUTIONS

Each of the!Resolutions are conditional on!each!other,!meaning that in order for!any! Resolution to have effect,!each of the other Resolutions!must!also be passed by! Shareholders.

Accordingly, if any!Resolution is not passed, none of the!other Resolutions will be able to take!effect.

DIRECTORS RECOMMENDATION

The Directors of the Company unanimously recommend the!Proposed Transaction (and the change in scale of the Company's activities) and that Shareholders vote in favour of each of the Resolutions,!except!as!set!out!below.

Bryan!Frost has a material personal interest in the outcome of!Resolution 11 and, accordingly, does not make a voting recommendation to Shareholders!on this Resolution.

Andrew!McKay has a material personal interest in the!outcome of Resolution 11 and, accordingly, does not make a voting recommendation to Shareholders on this Resolution.

Robert!Parton has a material personal interest in the!outcome of Resolution 11 and, accordingly, does not make a voting recommendation to Shareholders on this!Resolution.

RESOLUTION 1 – CHANGE TO SCALE OF ACTIVITIES

Resolution 1 seeks approval for the Company to change the scale of its business if it completes the Proposed!Transaction. Refer to Section 1 for a summary of the Company's current operations and the operations which are proposed to be undertaken upon completion of the Proposed!Transaction.

Assuming Shareholders approve Resolution 1, the Company must comply with Chapters 1 and 2 of the Listing Rules.

Regulatory Requirements

Listing Rule 11.1 provides that where an entity proposes to make a significant change, either directly or indirectly, to the nature or scale of its activities, it must provide full details to ASX as soon as practicable. Listing Rule 11.1.2 provides that, if ASX requires, the entity must get the approval of shareholders and must comply with any requirements of ASX in relation to the notice of meeting.

ASX has advised the Company that it must seek Shareholder approval for the change in nature of its activities that will result upon completion of PM Transaction. ASX has further advised the Company that the change in the nature of the Company's activities!will require the Company to re[comply with the admission requirements set out in Chapters 1 and 2 of the Listing Rules in accordance with Listing Rule 11.1.3.

For this reason, the Company is seeking Shareholder approval for the Company to change the nature and scale of its activities under Listing Rule 11.1.2.

If Resolution 1 is passed, subject to each of the other Resolutions being approved,!the Company will be able to proceed with the Proposed!Transaction.

Shareholders should note that the passing of Resolution 1 is conditional upon, and subject to the other Resolutions being passed by Shareholders. Therefore, if you wish to vote in favour of Resolution 1, you should also vote in favour of the other Resolutions.

If Resolution 1 is not passed, the Company will not be permitted to!change the nature and scale of its activities and the Proposed!Transaction will not proceed.

RESOLUTIONS 2,%3%and%4 – APPROVAL OF ISSUE OF SHARES FOR%THE%PM% TRANSACTION

Background

As set out in Section 1, in accordance with the terms of the Share Sale Deed, the Company has agreed to issue 17,500,000 Shares (PM!Consideration!Shares) and!\$90,000!cash,! 10,000,000!Milestone!1!Shares!and!25,000,000!Milestone!2!Shares!(together,!"Milestone! Shares").

Resolutions 2,!3!and!4 seek Shareholder approval under Listing Rule 7.1 for the issue of Shares to the PM Shareholders!(or their nominees) in consideration for the acquisition by the Company of 100% of the issued capital of PM.

If Resolutions 2,!3!and!4!are passed, subject to each of the other Resolutions being approved, the Company will be able to proceed with the PM Transaction.

Shareholders should note that the passing of Resolution 2,!3!and!4 is conditional upon, and subject to the other Resolutions being passed by Shareholders. Therefore, if you wish to vote in favour of Resolution 2, 3!and!4 you should also vote in favour of the other Resolutions.

If Resolution 2,!3!and!4 are not passed, the Company will not be permitted to issue Shares to the PM Shareholders (or their nominees) or!the!MDV!Shareholder (or!their!nominees) and the Proposed Transaction will not proceed.

Regulatory Requirements

Listing Rule 7.1 provides that, unless an exemption applies, a company must not, without prior approval of shareholders, issue or agree to issue Equity Securities if the Equity Securities will in themselves or when aggregated with the Equity Securities issued by the company during the previous 12 months, exceed 15% of the number of ordinary securities on issue at the commencement of that 12 month period.

The issue of the Shares under Resolutions 2,!3!and!4 will exceed the 15% limit and, therefore, requires the approval of Shareholders.!The maximum!number!of! Shares proposed to be issued, for which approval is sought under Resolutions 2, 3!and!4 comprise 165% of the Company's issued capital (based on the number of Shares on issue,!including!the!shares!to! be!converted!under!Resolutions 11 and!12, as at the date of this Notice of General Meeting).

In compliance with the information requirements of Listing Rule 7.3, Shareholders are advised of the following information in relation to the Shares to!be!issued!to!the!PM and!MDV! Shareholder:

(a) Maximum number of securities to be issued

• Under!Resolution!2

The Company will issue 12,500,000 Shares to satisfy its obligation to the PM Shareholders (or their nominees) and!5,000,000!Shares!to!satisfy!its!obligation!to!the!MDV!Shareholder (or! their!nominees).

• Under!Resolution!3

Should!Milestone!1!be!achieved,!the Company will issue 10,000,000 Shares to satisfy its obligation to the PM Shareholders (or their nominees).

Milestone!1!is!upon!the!Company!delineation!of!an!inferred!JORC!Mineral!Resource!of!at! least!4!million!tonnes!@!10%!of!manganese!(i.e.!400,000!tonnes!of!contained!manganese!

above!a!grade!of!10%!Mn) at!the!acquired!tenement!applications!of!PM,!within!12!months!of! completion!of!the!PM!Transaction!and!the!20!day!VWAP!of!the!Company's!shares!being! equal!to!or!greater!than!\$0.04,!also!within!12!months!of!completion!of!the!PM!Transaction.

• Under!Resolution!4

Should!Milestone!2!be!achieved,!the Company will issue 25,000,000 Shares to satisfy its obligation to the PM Shareholders (or their nominees).

Milestone!2!is!upon!the!completion!of!a!positive!Feasibility!Study!at!any!of!the!tenements!or! tenement!applications!of!PM!acquired!at!completion!of!the!PM!Transaction,!within!54!months! of!completion!of!the!PM!Transaction!and!the!20!day!VWAP!of!the!Company's!shares!being! equal!to!or!greater!than!\$0.06.

(b) Date of issue

The Shares will be issued in!three!tranches,!on the completion date under the Share Sale Deed and upon!satisfaction!of!Milestones!1 and 2 and, in any event, not later than 3 months after the date of the Meeting (or such later date as permitted by any ASX waiver or modification of the Listing Rules).

It!is!likely!that!the!Milestone!Shares!will!be!issued!more!than!3!months!after!the!date!of!this! Meeting,!which!is!contrary!to!the!requirement!of!Listing!Rule!7.3.2.!!The!Company!has! applied!for!and!expects!to!receive!a!waiver!by!ASX!to!allow!this!Notice!to!state!that!the! Milestone!1!Shares!and!the!Milestone!2!Shares!may!be!issued!more!than!3!months!after!the! after!the!date!of!this!Meeting.

(c) Issue price

The PM Consideration Shares will be issued at a!deemed!issue!price!of!\$0.02 per Share.

(d) The names of the persons to whom the entity will%issue the securities or the basis on which those persons will be determined

The Shares will be issued 12,500,000 to the PM Shareholders (or their nominees) and! 5,000,000!to!the!MDV!Shareholder (or!their!nominees). A list of PM and!MDV!Shareholder is included in Schedule 1.

None of the PM or!MDV!Shareholder will hold an interest of 20% or greater in the!capital of the Company as a result.

None!of!the!PM!or!MDV!Shareholder or!their!nominees!are!or!will!be!related!parties!of!the! Company.

(e) Terms of the securities

The PM Consideration Shares will be fully paid ordinary shares in the capital of the Company on the same terms and conditions as the Company's existing Shares and rank!equally in all respects with the existing Shares.

(f) Intended use of the funds raised

The PM Consideration Shares will be!issued as!consideration for the PM Transaction. Accordingly, no funds will be raised by the Company from the issue!of the Shares.

Escrow restrictions

ASX will apply trading restrictions to all of the PM Consideration Shares. As at the!date of this Notice!of Meeting, ASX has not made a final determination in this regard, but is expected to do so prior to any final approval for the re[instatement of the Company's securities on the ASX.!The!Company!expects!an!escrow!period!of!12!months!from!the!date!of!issue!to!apply!to! the!PM!Consideration!Shares and!Milestone!Shares.

RESOLUTION 5 – APPROVAL OF ISSUE OF SHARES FOR THE EQUITY RAISING

Background

Resolution 5 seeks Shareholder approval for the issue of!225,000,000 Offer Shares under the Equity Raising at an issue price of \$0.02 per Offer Share.

The Company intends to conduct the Equity Raising through the issue of the Prospectus, to

be prepared by the Company, as part of its re[compliance with Chapters 1 and 2 of the Listing Rules.

The Company considers that it requires \$4.5 million in order to complete the Proposed! Transaction, fund the Company's future activities, pay for the costs of re[complying with Chapters 1 and 2 of the Listing Rules and fund the working capital requirements of the Company.

Shareholders should note that the passing of Resolution 5 is conditional upon, and subject to, the other Resolutions being passed by Shareholders. Therefore, if you wish to vote in favour of Resolution 5,!you should also vote in favour of the other Resolutions.

Regulatory Requirements

A summary of Listing Rule 7.1 is set out in the!description!of!Resolutions!2,!3!and!4.

On the basis that the Offer Shares are issued at!an issue price of \$0.02 and that the!minimum! and!maximum!subscription!of \$4.5 million is raised under the Equity Raising, the Equity Securities proposed to be issued under Resolution 5 comprise 80.54% of the Company's issued capital (based on the number of Shares on issue,!including!the!shares!to!be! converted!under!Resolution!12, as at the date of this Notice of General Meeting). The issue of Offer Shares under Resolution 5 will exceed the 15% limit and, therefore, requires the approval of Shareholders.

In compliance with the information requirements of Listing Rule 7.3, Shareholders are advised of the following information in relation to the Equity Raising:

(a) Maximum number of securities to be issued

The maximum number of!Offer Shares to be issued under the Equity Raising is 225,000,000 Shares.

(b) Date of issue

The Offer Shares will be issued!no later than 3 months after the date of the Meeting (or such later date as permitted by any ASX waiver or modification of the Listing Rules). It is anticipated that, to the extent required for an issue only, the allotment will occur on the same date.

(c) Issue price

The Offer Shares will be issued at an issue price of \$0.02 per Offer Share.

(d) The names of the persons to whom the entity will issue the securities or the basis on which those persons will be determined

The identity of the!persons to whom!the Company will issue Offer Shares!is not yet known. However, the Directors will issue Offer Shares to eligible overseas and Australian investors under the Prospectus. No!related!parties!will!receive!shares!under!the!public!raising.

No subscriber will hold an interest of 20%!or greater in the capital of the Company as a result of the issues under the Equity Raising.

(e) Terms of the securities

The Offer Shares will be fully paid ordinary shares in the capital of the Company on the same terms and conditions as the Company's existing Shares and rank equally in all respects with the existing Shares.

(f) Intended use of the funds raised

The Company intends to use the amounts raised from the Equity Raising as set out in Section 1.

(g) Voting exclusion statement

A voting exclusion statement for Resolution 5 is included in the Notice of General Meeting.

RESOLUTION 6 – APPROVAL%FOR%CONSOLIDATION%OF%SHARE%CAPITAL

Background

The!Company!proposes!to!consolidate!its!share!capital!through!the!conversion!of!every!67 Shares!into!10 Shares.

Under!section!245H!of!the!Corporations!Act,!a!company!may!consolidate!its!shares!if!the! consolidation!is!approved!by!an!ordinary!resolution!of!shareholders!at!a!general!meeting.

Reasons%for%the%Consolidation

As!a!condition!of!the!Proposed!Transaction,!the!Company!is!seeking!to!reduce!the!number!of! shares!on!issue,!to!bring!the!valuation!in!line!with!the!balance!of!the!Proposed!Transaction.! The!number!of!shares!on!issue!is!disproportionate!to!the!balance!of!the!Proposed! Transaction!and will!result!in!a!more!appropriate!and!effective!capital!structure!for!the! Company!and!a!share!price!more!appealing!to!a!wider!range!of!investors!within!Australia!and! globally.

Effect%of%the%Consolidation

If!the!proposed!share!consolidation!is!approved!by!Shareholders,!the!number!of!the! Company!shares!on!issue!will!be!reduced!from!121,463,190!to!18,128,834.

As!the!consolidation!applies!equally!to!all!of!the!Company's!shareholders,!individual! shareholdings!will!be!reduced!in!the!same!ratio!as!the!total!number!of!the!Company's!shares! (subject!only!to!rounding!of!fractions).!It!follows!that!the!consolidation!will!have!no!material! effect!on!the!percentage!interest!of!each!individual!shareholder!in!the!Company.

Therefore,!if!a!Shareholder!currently!has!2,000,000!Shares,!representing!approximately! 1.65%!of!the!Company's!issued!capital,!then!if!the!share!consolidation!is!approved!and! implemented,!that!Shareholder!will!have!298,507 Shares!following!the!consolidation,!still! representing!the!same!1.65%!of!the!Company's issued!capital (pre!the!issue!of!other! securities!the!subject!of!this!Notice).!Similarly,!the!aggregate!value!of!each!Shareholder's! holding!should!not!materially!change.

Rounding

Where!the!consolidation!of!a!Shareholder's!holding!results!in!an!entitlement to!a!fraction!of!a! Share,!the!fraction!will!be!rounded!up!to!the!nearest!whole!number!of!Shares.

If!the!Company!reasonably!believes!that!a!Shareholder!has!been a party!to!the!division!of!a! shareholding!in!an!attempt!to!obtain!an!advantage!from!this!treatment!of!fractions,!the! Company!may!take!appropriate!action,!having!regard!as!appropriate!to!the!terms!of!the! Company's!constitution!and!the!ASX!listing!rules.

Proposed%timetable

The!Company!will!release!a!proposed!timetable!for!the!consolidation!following!the!Meeting.

Board recommendation

The!Board recommends!Shareholders!vote!in!favour!of!Resolution!6.

RESOLUTION 7 – APPOINTMENT OF%MR%JEREMY%KING%AS%A%DIRECTOR

Background

As!part!of!the!Proposed!Transaction,!the!Company!has!agreed!that,!subject!to!Shareholder! approval,!Mr!Jeremy!King!will!be!appointed!to!the!Board!as!a!new!Director.

Resolution!7!seeks!Shareholder!approval!pursuant!to!section!201G!of!the!Corporations!Act.

Mr!King!is!a!corporate!advisor!with!over!15!years'!experience!in!domestic!and!international! legal,!financial!and!corporate!matters.!He!spent!several!years!in!London!where!he!worked! with!Allen!&!Overy!LLP!and!Debevoise!&!Plimpton!LLP!and!has!extensive!corporate! experience,!particularly!in!relation!to!cross[border!private!equity,!leveraged!buy[out! acquisitions!and!acting!for!banks,!financial!institutions!and!corporate!issuers!in!respect!of! various!debt!and!equity!capital!raisings.!Mr!King!regularly!advises!ASX!listed!companies!on!a!

range!of!corporate!matters.

Board recommendation

The!Board recommends!Shareholders!vote!in!favour!of!Resolution!7.

RESOLUTION 8 – APPOINTMENT%OF%MR%LINCOLN%HO%AS%A%DIRECTOR

Background

As!part!of!the!Proposed!Transaction,!the!Company!has!agreed!that,!subject!to!Shareholder! approval,!Mr!Lincoln!Ho!will!be!appointed!to!the!Board!as!a!new!Director.

Resolution!8!seeks!Shareholder!approval!pursuant!to!section!201G!of!the!Corporations!Act.

With!a!background!in!equities!trading!for!over!8!years,!Mr!Ho!has!wide!knowledge!and! experience!in!corporate!restructure,!mergers!and!acquisitions.!!!Mr!Ho!has!the!ability!to! negotiate!deals!across!local!&!overseas!markets,!working!in!conjunction!with!experienced! corporate!financiers!across!the!emerging!caps!space.!!!In!particular,!Mr!Ho!has!a!focus!on!a! network!of!industry!and!finance!contacts!across!South[East!Asia.

Board recommendation

The!Board recommends!Shareholders!vote!in!favour!of!Resolution!8.

RESOLUTION 9 – APPOINTMENT%OF%MR%SEAN%KEENAN AS%A%DIRECTOR

Background

As!part!of!the!Proposed!Transaction,!the!Company!has!agreed!that,!subject!to!Shareholder! approval,!Mr!Sean!Keenan will!be!appointed!to!the!Board!as!a!new!Director.

Resolution!9 seeks!Shareholder!approval!pursuant!to!section!201G!of!the!Corporations!Act.

Mr!Keenan!is!a!geologist!with!a!deep!and!wide[ranging!experience!mineral!project!due! diligence!and!mining!finance!in!Australia,!Canada!and!the!USA.

Mr.!Keenan!holds!a!BSc.!in!Geology!(with!Honours)!from!the!University!of!Western!Australia! and!MSc.!in!Mineral!Project!Appraisal!from!the!Imperial!College,!London.

Mr!Keenan!began!his!career!as!an!underground mining!geologist!in!Western!Australia,!where! he!gained!experience!in!drill!program!management!and!geostatistical!reserve!and!resource! modelling.!He spent!six!years!in!New!York!and!Toronto!at!BMO!Capital!Markets,!one!of!the! world's!leading!mining!investment!banks,!in!both!mining!equity!research!and!investment! banking.!He!also!spent seven!years!with!Resource!Capital!Funds!(RCF),!one!of!the!largest! mining!focused!Private!Equity!fund!management!companies,!where!he!was!involved!in! numerous!mining!due!diligence!exercises.

Mr!Keenan!is!a non[executive director!of Redstar!Gold!Corp,!a!TSX[listed!gold!exploration! company,!and!Mineral!and!Financial!Investments!Ltd,!an!AIM[listed!investment!company.

Board recommendation

The!Board recommends!Shareholders!vote!in!favour!of!Resolution!9.

RESOLUTION 10 – APPROVAL OF THE ISSUE OF FACILITATION%SHARES%TO% XCEL%CAPITAL%PTY%LTD

Background

This resolution seeks!Shareholder approval for!the issue of!5,000,000 post[consolidation! Shares to Xcel!Capital!Pty!Ltd (Xcel) in!part consideration for!the provision of corporate advisory!services to!the Company!in!respect to the Proposed Transaction.

Under the Mandate Agreement, the fees payable!by the Company to Xcel as consideration for the provision of the corporate advisory services to the Company in connection with the Proposed Transaction includes:

(a) the issue to Xcel (or its nominees) of the Facilitation!Shares^ and
(b) a capital raising fee equal to 6% of all funds raised by investors introduced!by

Xcel under the Equity Raising.

Shareholders should note that the passing of Resolution 10 is conditional upon and subject to the other Resolutions being passed by Shareholders. Therefore, if!you wish to vote in favour of Resolution 10, you should also vote in favour of the other Resolutions.

Regulatory Requirements

A summary of Listing Rule 7.1 is set out in the!description!of!Resolutions!2,!3!and!4.

In compliance with the information requirements of Listing Rule 7.3, Shareholders are advised of the following information in relation to the issue of the Facilitation!Shares:

(a) Maximum number of securities to be issued

The maximum number of Facilitation!Shares that may be issued to Xcel (or its nominees) under Resolution 10!is 5,000,000.

(b) Date of issue

The Company anticipates that the Facilitation!Shares the subject of Resolution 10 will be issued at the same time as securities to be issued under the Equity Raising but in any event on a date that is!no later than 3 months after the date of the General Meeting (or such later date as permitted by ASX waiver or modification of the Listing Rules). It is anticipated that, to the extent required for an issue only, the!allotment will occur on the same date.

(c) Issue price

The issue price for the Xcel Facilitation!Shares is nil.

(d) The names of the persons to whom the entity will issue the securities or the basis on which those persons will be determined

The Facilitation!Shares the subject of Resolution 10 will be issued to Xcel (or its nominees).

(e) Terms of the securities

The Facilitation Shares will be fully paid ordinary shares in the capital of the Company!on the same terms and conditions as the Company's existing Shares and rank!equally in all respects with the existing Shares.

(f) Intended use of the funds raised

No funds will be raised from!the issue of the Facilitation!Shares as the Facilitation!Shares are being issued in consideration for corporate advisory services in relation to the Proposed Transaction.

(g) Voting exclusion statement

A voting exclusion statement for Resolution 10 is included in the Notice of General!Meeting.

Escrow restrictions

ASX may apply trading restrictions to some or all of the Shares issued on exercise of the Facilitation!Shares. As at the date of this Notice!of Meeting, ASX has not made a!final determination in this regard, but is expected to do so prior to any final approval for the re[ instatement of the Company's securities on the ASX.

Board recommendation

The!Board recommends!Shareholders!vote!in!favour!of!Resolution!10.

RESOLUTION 11 – APPROVAL%OF%ISSUE%OF%SHARES%TO%THE%DIRECTORS

Background

Shareholders are being asked to approve Resolution!11 to allow Shares to!be!issued!to!each! of!the!current!Directors!as!compensation!for!their!roles!since!their!appointment!in!October 2016.!

At!the!time!of!appointment!the!Directors!agreed!to!forego!monthly!fees!in!the!interest!of! maintaining!the!Company's!limited!cash!resources.!It!was!agreed!that!any!fees!payable!

would!be!tied!to!the!successful!relisting!of!the!Company's!securities!on!the!ASX.

Accordingly,!the Company is proposing,!subject!to obtaining!Shareholder!approval,!to offer 3,750,000 Shares to be!issued!across!the!3!current!Directors.

In determining!the!allocation!of!the!Directors'!Shares, the Board!considered!the scope of!the roles!undertaken!by!each!of!the!Directors!since!their!appointment,!the!business!challenges! facing!the!Company since!their!appointments and market practice!for the!remuneration!of! executive!officers in!positions!of!similar!responsibility.!Resolution!11 seeks Shareholder! approval!in order!to comply with the requirements of Listing Rule 10.14.

Shareholders should note that the passing of Resolution 11 is conditional upon and subject to the other Resolutions being passed by Shareholders.!Therefore, if you wish to vote in favour of Resolution 11, you should also vote in favour of the other Resolutions.

Regulatory Requirements

Listing Rule 10.11 provides a general restriction against issuing securities to!related parties without shareholder approval.

Under Resolution!11, the Company seeks approval!from Shareholders!to offer Shares to! each!of!the!current!Directors who,!by!virtue of their position as a Director of the Company, will be a related party of the Company.

In compliance with the information requirements of Listing Rule 10.15, Shareholders are advised of the following information:

(a) Nature of relationship between person to receive securities and the Company

The Shares are proposed to be offered under the Resolution to each!of!the!current!Directors! (namely!Mr.!Bryan!Frost^!Mr.!Andrew!McKay!and!Mr.!Robert!Parton) who will, subject to the approval of the Resolution, be Directors of the Company and are, as such, each!a related party of!the Company.

(b) Maximum number of securities that may be issued under Resolution 11

The maximum number of securities that may be issued!to!the!Directors under the Resolution 11 is 3,750,000 Shares.

(c) Issue price

The price per Share issued under the Resolution is nil.

(d) Allocation of%Shares%under%the%Resolution

The following allocation!will!be!applied!to!the!issue!of!the!Shares:

Name	Directors%fees% owed	Number of Shares Offered
Bryan!Frost	\$18,750	937,500
Andrew!McKay	\$18,750	937,500
Robert!Parton	\$37,500	1,875,000

(e) Voting exclusion statement

A voting exclusion statement for Resolution 11 is included in the Notice of Meeting.

(f) Issue date

The!Company!anticipates that the!Directors Shares!the!subject!of Resolution 11 will be issued!at the same!time!as securities to!be!issued!under the!Equity!Raising but!in any!event on a!date!that is!no later than!1 month!after the date of the General!Meeting (or such!later date!as permitted by!ASX!waiver or modification of the!Listing Rules).

Escrow restrictions

ASX will apply trading restrictions to the Director Shares. As at the date of this Notice of Meeting, ASX has not made a final determination in this regard, but is expected to do so prior to any final approval for the re[instatement of the Company's securities on the ASX.!The! Company!expects!the!Director!Shares!are!escrowed!for!a!period!of!2!years!from! reinstatement.

Board Recommendation

Each of the Directors has a material personal interest in the outcome of Resolution 11 and, accordingly, do not make a voting recommendation to Shareholders.

RESOLUTION%12 – APPROVAL%OF%ISSUE%OF%10,000,000%SHARES%ON% CONVERSION%OF%CONVERTIBLE%NOTES

Background

As!announced!to!the!market!on!5!December!2016,!the!Company!completed!an!initial! convertible!note!placement!in!the!amount!of!\$200,000.

As!a!result!of!the!Proposed!Transaction,!the!Board!has!re[negotiated!the!terms!of!the! convertible!note,!which!is!scheduled!to!convert!to 10,000,000 post[consolidation!Shares!in! the!Company!upon!successful!relisting!of!the!Company!securities and!receipt!of!prior! shareholder!approval.

Use%of%Funds

The!funds!received!under!the!convertible!notes!have!been!utilized!for!general!working!capital! purposes,!as!well!as!assisting!with!the!costs!associated!with!the!facilitation!of!the!Proposed! Transaction.

Renegotiated%Terms

Following!is!a!summary!of!the!renegotiated!terms,!upon!which!it!is!proposed!that!the! convertible!notes!will!convert!into!Ordinary!Shares!after the!Share!Consolidation!detailed!in! Resolution!6:

Conversion Date means!the!earlier!of!the!Drop!Dead!Date!or!the!date!of!conversion!as! requested!by!the!Noteholder!or!the!day!on!which!the!ASX!suspension!of!the!shares!of! Eagle!Nickel!Limited!is!lifted.!

Conversion Price%– Original%was!\$0.008!per!share.

Conversion Price%g Renegotiated is!the!price per!share associated!with!a!capital!raise! undertaken!by!the!Company!to!facilitate!relisting!on!the!ASX!of!the!Company's!securities.

Drop Dead Date means 31st December!2017.

Early Redemption Date means that day that is 30 days after an Event of Default occurs.

Event of Default means the happening of any one or more of the following events:

1 the Issuer becomes Insolvent^
2 the Issuer fails to remedy any breach of a covenant or undertaking given under these Conditions, including the obligation of conversion under Condition 4, and that breach continues un[remedied for a period of 15 days after a demand from a Noteholder for the breach to be remedied has been received by the Issuer.

Face Value means \$1.00.

Issue Date means the date on which the Notes are issued.

Issuer means Eagle!Nickel Limited (ACN!126!368!658).

Noteholder means the person whose name appears in the Register as being entitled to such Notes.

Redemption Date means the day that is 90 days after the Drop Dead Date.

Share means a fully paid ordinary share in the capital of the Issuer.

Shareholder means a holder of Shares in the Issuer.

Additional%information%required%by%Listing%Rule%10.13

The!conversion!shares!will!be!issued!to Newport!Private!Wealth!Pty!Limited!(an!entity!related! to!Director!Andrew!McKay).!The!maximum!number!of shares!to!be!issued!is!10,000,000.!The! Company!anticipates!that!the!conversion shares!the!subject!of!Resolution!12 will!be!issued!at! the!same!time!as!securities!to!be!issued!under!the!Equity!Raising!but!in!any!event!on!a!date! that!is!no!later!than!1!month!after!the!date!of!the!General!Meeting!(or!such!later!date!as! permitted!by!ASX!waiver!or!modification!of!the!Listing!Rules).

Board recommendation

The!Board (other!than!Andrew!McKay) recommends!Shareholders!vote!in!favour!of! Resolution!12.

RESOLUTIONS 13 – APPROVAL%OF%CHANGE%OF%COMPANY%NAME

Background

As!part!of!the Agreement!between!PM!and!the!Company,!the!Directors!have!agreed!to! change!the!Company!name!from!Eagle!Nickel!Limited!to!Pure%Minerals Limited. Resolution! 13 is!a!Special!Resolution!and!must!be!passed!by!at!least!75%!of!the!votes!cast!by! Shareholders!present!at!the!General!Meeting!and!entitled!to!vote!on!the!Resolution.

Changing!the!name!of!the!Company!from!Eagle!Nickel!Limited!to!Pure%Minerals Limited is! part!of!the!overall!agreement!that!will!result!in!the!Company!engaging!in!new!explorations works.

Board recommendation

The!Board recommends!Shareholders!vote!in!favour!of!Resolution!13.

GLOSSARY

AEST	Australian Eastern Stadard!Time
ASIC	Australian Securities and Investments Commission
ASX	ASX Limited or the securities market operated by ASX Limited, as the context requires
Board	Board of Directors
Chair	Chairman of the General Meeting
Closely%Related%Parties
	in!relation!to!a!member!of!KMP,!means!the!member's!spouse,!child! or!dependant!(or!a!child!or!dependant!of!the!member's!spouse),! anyone!else!in!the!member's!family!who!may!be!expected!to! influence!or!be!influenced!by!the!member!in!the!member's!dealings! with!Eagle!Nickel!(or!the!Eagle!Nickel!Group),!and!any!company!the! member!controls
Company%or%Eagle%Nickel%
	Eagle!Nickel!Limited!(ABN!61!125!368!658)
Constitution	constitution of the Company
Corporations Act	Corporations Act 2001 (Cth)
Director	a director of the Company
DMP	Department of Mines and Petroleum
Documents%	each!of!the!Notice,!Explanatory!Statement!and!the!Proxy!Form!and! all!other!documents!that!accompany!each!other!when!sent!to!each! Shareholder
EL	mineral exploration license issued in Western Australia
Equity%Raising	a capital raising to raise a!minimum!and!maximum!subscription!of \$4.5 million at an issue price of!\$0.02 per Offer Share
Equity Securities	has the meaning given to that term!in the Listing Rules
Explanatory Statement
	the explanatory statement that accompanies this Notice of General Meeting
Facilitations%Shares	shares!to!be!issued!to!Excel!Capital!Pty!Ltd!(or!its!nominees)!under! the!Mandate!Agreement
JORC	the Australasian Joint Ore Reserves Committee
Key%Management%Personnel
	key management personnel of the Company (as defined in section 9 of the Corporations Act)
Listing Rules	the official listing rules and requirements of the ASX
Lithium	the chemical element lithium with the symbol "Li"
Mandate%Agreement	the mandate agreement between ENL and Xcel!Capital!Pty!Ltd dated 19 March!2017 for the provision of corporate advisory services for the Proposed!Transaction
Manganese	the chemical element lithium with the symbol "Mn"
MDV	Mineral!Developments!Pty!Ltd!(ACN!602!988!992)
MDV%Shareholder	the holders of shares in the capital of MDV

Meeting%or%General%Meeting the general meeting convened by this Notice of General Meeting Milestone%Shares Shares, as determined under the terms!of!the Share Sale Deed, to!be issued!to!the!PM!Shareholders on!a!pro rata!basis under the!PM Transaction Moz%/%Koz million ounces / thousand ounces Notice%of%General%Meeting%or%Notice%of%Meeting this!notice!of!General!Meeting Offer%Shares Shares issued under the Equity Raising Ordinary%Resolution% a!resolution!passed!by!more!than!50!per!cent!of!the!votes!at!a! general!meeting!of!Shareholders OSR Office of State Revenue Western Australia P mineral prospecting licence issued in Western Australia PM Pure!Manganese Pty Ltd (ACN 616!567!910) PM%Consideration Shares Shares, as determined under the terms!of!the Share Sale Deed, to!be transferred!to!the!PM!Shareholders on!a!pro rata!basis under the PM Transaction PM Shareholder the holders of shares in the capital of PM PM Tenements the tenements listed in Section 1 held by PM PM Transaction the acquisition of 100% of the shares in PM from the PM Shareholders Proposed%Director the meaning given to that term in Resolutions!7, 8 and!9 Proposed%Transaction includes the following: • the PM Transaction^ • the Equity Raising^ • the conversion!of!the!convertible!notes^!and! • the!Company!re[complying!with!Chapters!1!and!2!of!the! Listing!Rules Prospectus the prospectus to be prepared by the Company in respect of the Equity Raising Proxy Form the proxy form!enclosed with this Notice of General Meeting Pure%Minerals%Limited the!proposed!changed!name!of!the!Company Resolutions Resolutions 1 to 13 (inclusive) contained in this Notice of General Meeting Schedule schedule to this Notice of General Meeting Section a section of the Explanatory Statement Share fully paid ordinary share in the capital of the Company Shareholder holder of a Share in the Company Share%Consolidation the!proposed!consolidation!of!Shares!in!the!Company!on!a!67!for!10! basis Share Sale%Deed the share sale deed between the Company and the PM Shareholders dated 22 March!2017 for the PM Transaction, the key terms of which are summarised in Section 1 Special Resolution% a!resolution!passed!by!more!than!75 per!cent!of!the!votes!at!a!

general!meeting!of!Shareholders

Interpretation

In this Explanatory Statement, the following terms have the following!meaning unless the context otherwise requires:

a. A!reference to!a!word!includes!the!singular!and!the!plural!of!the!word!and!vice!versa^
b. A!reference!to!a!gender!includes!any!gender^
c. If!a!word!or!phrase!is!defined,!then!other!parts!of!speech!and!grammatical!forms!of!that! word!or!phrase!have!a!corresponding!meaning^
d. A term!which!refers!to!a!natural!person!includes!a!company,!a!partnership,!an!association,!a! corporation,!a!body!corporate,!a!joint!venture!or!a!governmental!agency^
e. Headings!are!included!for!convenience!only!and!do!not!affect!interpretation^
f. A!reference!to a!document!includes!a!reference!to!that!document!as!amended,!novated,! supplemented,!varied!or!replaced^
g. A!reference!to!a!thing!includes!a!part!of!that!thing!and!includes!but!is!not!limited!to!a!right^
h. The!terms!"included",!"including"!and!similar!expressions!when!introducing!a!list!of!items!do! not!exclude!a!reference!to!other!items!of!the!same!class!or!genus^
i. A!reference!to!a!statute!or!statutory!provision!includes!but!is!not!limited!to:
i. A!statute!or!statutory!provision!which!amends,!extends,!consolidates!or!replaces! the!statute!or!statutory!provision^
ii. A!statute!or!statutory!provision!which!has!been!amended,!extended,!consolidated! or!replaced!by!the!statute!or!statutory!provision^!and
iii. Subordinate!legislation!made!under!the!statute!or!statutory!provision!including!but! not!limited!to!an!order,!regulation,!or!instrument^
j. Reference!to!"\$",!"a\$",!"Australian!dollars"!or!"dollars"!is!a!reference!to!the!lawful!tender!for! the!time!being!and!from!time!to!time!of!the!commonwealth!of!Australia^!and
k. A!reference!to!an!asset!includes!all!property!or!title!of!any!nature!including!but!not!limited!to! a!business,!a!right,!a!revenue!and!a!benefit,!whether!beneficial,!legal!or!otherwise.

SCHEDULE%1%– List%of%PM%Transaction Shareholders

PM%Shareholders

Bill!Koutlis
Govinda!Freedom!Fund!Pty!Ltd!
Danche!Simens
Benison!Holdings!Pty!Ltd
Bin!Liu
SJ!Capital!Pty!Ltd
Vulture!Fish!Pty!Ltd
Desert!Storm!Holdings!Pty!Ltd!(ACN!145!078!511)!as!trustee!for!Desert! Storm!Equities

MDV%Shareholder

• Auriferous!Mining!Pty!Ltd

APPENDIX%1

The following tables are provided to ensure compliance with the JORC Code (2012) requirements for the reporting of Exploration Results for the Mount Boggola, Morrissey Hill and Bordah Well Projects

(Criteria!in!this!section!apply!to!all!succeeding!sections.)
Criteria	JORC&Code&explanation	Commentary
Sampling) techniques	• Nature'and'quality'of'sampling'(eg' cut'channels,'random'chips,'or' specific'specialised'industry'standard' measurement'tools'appropriate'to' the'minerals'under'investigation,'such' as'down'hole'gamma'sondes,'or' handheld'XRF'instruments,'etc).'These' examples'should'not'be'taken'as' limiting'the'broad'meaning'of' sampling. • Include'reference'to'measures'taken' to'ensure'sample'representivity'and' the'appropriate'calibration'of'any' measurement'tools'or'systems'used. • Aspects'of'the'determination'of' mineralisation'that'are'Material'to' the'Public'Report.'In'cases'where' 'industry'standard''work'has'been' done'this'would'be'relatively'simple' (eg''reverse'circulation'drilling'was' used'to'obtain'1'm'samples'from' which'3'kg'was'pulverised'to'produce' a'30'g'charge'for'fire'assay').'In'other' cases'more'explanation'may'be' required,'such'as'where'there'is' coarse'gold'that'has'inherent' sampling'problems.'Unusual' commodities'or mineralisation'types' (eg'submarine'nodules)'may'warrant' disclosure'of'detailed'information.	• Rock!Chip!sampling!was!carried!out!at!the!geologists!discretion.!Sampling! was!taken!to!test!particular!geological!features!therefore!may!not!be! representative!of!mineralisation!at!the!particular!project. • Mt!Boggola: Drilling!by!Newcrest!carried!out!using!RC!and!DD!drilling. o Drilling!by!Sandfire!carried!out!using!RAB!drilling. o • Standard!lab!preparation!and!sub!sampling!techniques!used.
Drilling) techniques	• Drill'type'(eg'core,'reverse'circulation,' openNhole'hammer,'rotary'air'blast,' auger,'Bangka,'sonic,'etc)'and'details' (eg'core'diameter,'triple'or'standard' tube,'depth'of'diamond'tails,'faceN sampling'bit'or'other'type,'whether' core'is'oriented'and'if'so,'by'what' method,'etc).	• Mt!Boggola!Newcrest!RC!drilling!used!standard!face!sampling!bits. • Mt!Boggola!Newcrest!DD!drilling!used!HQ!sized!core. • Mt!Boggola!Sandfire!RAB!drilling!used!standard!blade!technique.
Drill) sample) recovery	• Method'of'recording'and'assessing' core'and chip'sample'recoveries'and' results'assessed. • Measures'taken'to'maximise'sample' recovery'and'ensure'representative' nature'of'the'samples. • Whether'a'relationship'exists' between'sample'recovery'and'grade' and'whether'sample'bias'may'have' occurred'due'to'preferential'loss/gain' of'fine/coarse'material.	• Mt!Boggola!Newcrest!drilling!logged!recovery!qualitatively. • Reports!note!some!broken!zones!adjacent!to!mineralisation. • Mt!Boggola!Sandfire!drilling!logged!recovery!qualitatively!and!recorded! wet!samples. • Not!enough!data!to!assess!potential!for!sample!bias.

Section%1%Sampling%Techniques%and%Data

Criteria	JORC&Code&explanation	Commentary
Logging	• Whether'core'and'chip'samples'have' been'geologically'and'geotechnically' logged'to'a'level'of'detail'to'support' appropriate'Mineral'Resource' estimation,'mining'studies'and' metallurgical'studies. • Whether'logging'is'qualitative'or' quantitative'in'nature.'Core'(or' costean,'channel,'etc)'photography. • The'total'length'and'percentage'of' the'relevant'intersections'logged.	• All!Mt!Boggola!drilling!by!Newcrest!was!logged!qualitively!and!records!are! available!through the!WAMEX!open!file!system. • All!Mt!Boggola!drilling!by!Newcrest!was!logged!on!1m!intervals!into!the! company!database!structure!with!veining!and!sulphides!logged! quantitatively.!Digital!data!is!available!through!the!WAMEX!open!file! system. • 100%!of!all!drilling!has!been!logged!(Newcrest!210m,!Sandfire!218m).
Sub8sampling) techniques) and) sample) preparation	• If'core,'whether'cut'or'sawn'and' whether'quarter,'half'or'all'core' taken. • If'nonNcore,'whether'riffled,'tube' sampled,'rotary'split,'etc'and'whether' sampled wet'or'dry. • For'all'sample'types,'the'nature,' quality'and'appropriateness'of'the' sample'preparation'technique. • Quality'control'procedures'adopted' for'all'subNsampling'stages'to' maximise'representivity'of'samples. • Measures'taken'to'ensure'that'the' sampling is'representative'of'the'in' situ'material'collected,'including'for' instance'results'for'field' duplicate/secondNhalf'sampling. • Whether'sample'sizes'are'appropriate' to'the'grain'size'of'the'material'being' sampled.	• Mt!Boggola!Newcrest!core!samples!cut!in!half!and!sampled!on!1m! intervals. • Mt!Boggola!Newcrest!RC!samples!composited!on!2m!samples.!Not! recorded!whether!riffled!or!spear!sampled!however!no!significant!results! from!RC!portion!of!hole. • Mt!Boggola!RC!samples!not!reported!to!be!wet!but!substantial! groundwater!was!noted!in!reports. • Mt!Boggola!Sandfire!RAB!drilling!was!sampled!at!4m!intervals!using!spear! composites.
Quality) of) assay)data)and) laboratory) tests Verification) of)	• The'nature,'quality'and' appropriateness'of'the'assaying'and' laboratory'procedures'used'and' whether the'technique'is'considered' partial'or'total. • For'geophysical'tools,'spectrometers,' handheld'XRF'instruments,'etc,'the' parameters'used'in'determining'the' analysis'including'instrument'make' and'model,'reading'times,' calibrations'factors'applied'and'their' derivation,'etc. • Nature'of'quality'control'procedures' adopted'(eg'standards,'blanks,' duplicates,'external'laboratory' checks)'and'whether'acceptable'levels' of'accuracy'(ie'lack'of'bias)'and' precision'have'been'established. • The'verification'of'significant'	• Mt!Boggola!Newcrest!samples!(RC!&!DD!drilling)!sent!to!Analabs! Welshpool!for!analysis!by!AAS!using!method!codes!GA101!(Cu,!PB,!Zn)! and!GG334!(Au). • Mt!Boggola!Newcrest!drilling!used!Newcrest!QA/QC!procedures!and! external!laboratory!checks.!These!are!not!documented!in!detail. • Mt!Boggola!Sandfire!drilling!and!rockchip!samples!were!assayed!with!25g! digested!using!Fire!Assay!and!analysed!by!AAS!for!gold!with!the!remaining! pulp!digested!using!fourUacid!attack!for!analysis!by!ICPUMS!and!ICPUOES! for!Ag,!As,!Bi,!Cu,!Fe,!Mn,!Mo,!Pb,!Sb,!Th,!U,!W!and!Zn. • Morrissey!Hill!rockchip!samples!discussed!were!analysed!by!Nagrom! laboratories!using!XRFXRF008!and!ICP004!methods.!No!QA/QC!samples! were!added!which!is!not!unusual!for!first!pass!/!reconnaissance! exploration.!The!GSWA!sample!is!believed!to!have!been!analysed!by!XRF! in!the!State!Government!Laboratory. • Bordah!Well!rockchip!samples!discussed!were!analysed!at!Analabs!for! gold!via!fire!assay!(30g!charge)!and!for!Cu,!Ni,!Pb,!Zn,!As,!Ag!and!Ba. • No!verification!has!been!completed.
sampling) and) assaying	intersections'by'either'independent' or'alternative'company'personnel. • The'use'of'twinned'holes. • Documentation'of'primary'data,'data' entry'procedures,'data'verification,' data'storage'(physical'and'electronic)' protocols. • Discuss'any'adjustment'to'assay' data	• Primary!data!(analytical!reports,!log!sheets)!are!available!in!WAMEX!open! file!system.
Location) of) data)points	• Accuracy'and'quality'of'surveys'used' to'locate'drill'holes'(collar'and'downN hole'surveys),'trenches,'mine' workings'and'other'locations'used'in'	• Location!of!all!data!(stream!samples,!soil!samples,!rockchips,!drill!collars)! was!completed!using!a!handheld!GPS!and!is!only!located!with!+/U 10m! accuracy.!This!is!appropriate!to!the!early!stage!of!exploration!at!these!

Criteria	JORC&Code&explanation	Commentary
	Mineral'Resource'estimation. • Specification'of'the'grid'system'used. • Quality'and'adequacy'of'topographic' control.	projects. • Grid!used!is!either!MGA94!Zone!50!or!AMG84!Zone!50!(converted!to!MGA! for!use!by!the!Company).
Data) spacing) and) distribution	• Data spacing'for'reporting'of' Exploration'Results. • Whether'the'data'spacing'and' distribution'is'sufficient'to'establish' the'degree'of'geological'and'grade' continuity'appropriate'for'the'Mineral' Resource'and'Ore'Reserve'estimation' procedure(s)'and'classifications' applied. • Whether'sample'compositing'has' been'applied.	• Location!of!all!data!(stream!samples,!soil!samples,!rockchips,!drill!collars)! was!completed!using!a!handheld!GPS!and!is!only!located!with!+/U 10m! accuracy.!This!is!appropriate!to!the!early!stage!of!exploration!at!these! projects.! • As!explained!above!location!data!for!rockchips!from!the!Bordah!Well! Project!are!not!currently!located!with!any!precision.
Orientation) of) data) in) relation) to) geological) structure	• Whether'the'orientation'of'sampling' achieves'unbiased'sampling'of' possible'structures'and'the'extent'to' which'this'is'known,'considering'the' deposit'type. • If'the'relationship'between'the'drilling' orientation'and'the'orientation'of'key' mineralised'structures'is'considered' to'have'introduced'a'sampling'bias,' this'should'be'assessed'and'reported' if'material.	• Soil!sampling!and!drilling!aimed!to!be!perpendicular!to!known!structural! orientations. • Stream!sediment!and!rockchip!samples!taken!in!orientations!unrelated!to! geological!structures!or!orientation. • Insufficient!data!to!determine!whether!there!is!any!bias!in!results!from! orientation!or!the!actual!orientation!of!mineralisation.!
Sample) security	• The'measures'taken'to'ensure'sample' security.	• All!samples!submitted!by!personnel!of!the!Company!which!collected! them.
Audits) or) reviews	• The'results'of'any'audits'or'reviews'of' sampling'techniques'and'data.	• None!completed!to!date.

Section%2%Reporting%of%Exploration%Results

Criteria	JORC&Code&explanation	Commentary
Mineral) tenement) and) land) tenure) status	• Type,'reference'name/number,' location'and'ownership'including' agreements'or'material'issues'with' third'parties'such'as'joint'ventures,' partnerships,'overriding'royalties,' native'title'interests,'historical'sites,' wilderness'or'national'park'and' environmental'settings. • The'security'of'the'tenure'held'at'the' time'of'reporting'along'with'any' known'impediments'to'obtaining'a' licence'to'operate'in'the'area.	• E08/2693,!E09/2132,!E09/2133!and!E09/2136U1!are!held!by!Mineral! Developments!Pty!Ltd!(MDV).!PM!has!executed!a!HoA!to!acquire!80%!of! MDV. • All!tenements!are!granted!and!Heritage!Agreements!are!in!place!with!the! Thudgari,!Wajarri!and!Gnulli!Claimant!Groups.
Exploration) done) by) other) parties	• Acknowledgment'and'appraisal'of' exploration'by'other'parties.	• Mt&Boggola:!Previous!exploration!by!Noranda,!CRAE,!Australmin,! Newcrest,!Xplore/Riverglen/MIM,!Goldfields!Exploration!and!Sandfire! Resources!NL.!Exploration!Results!discussed!are!from!work!completed!by! Newcrest!and!Sandfire. • Morrissey&Hill:&Previous!exploration!by!the!GSWA,!Agip,!Nord!Resources,! Kookynie!Resources,!Kalgoorlie!South!Gold!Mines,!Rare!Resources,!Helix! Resources,!and!Encounter!Resources. • Bordah&Well:&Previous!exploration!by!Pacminex,!Whim!Creek!Consolidated,! Regional!Resources!NL,!Electrolytic!Zinc,!Acclaim!Uranium,!Dominion! Mining,!Helix!Resources,!and!Mitchell!River!Exploration.!Exploration!Results! discussed!were!rockchips!taken!by!Helix!Resources!NL.
Geology	• Deposit'type,'geological'setting'and' style'of'mineralisation.	• All!tenements!are!located!within!the!Gascoyne!Provice!of!WA,!which!is!the! deformed!and!high!grade!metamorphic!core!of!the!early!Proterozoic! Capricorn!Orogen!which!lies!between!the!Pilbara!Craton!and!the!Yilgarn! Block.!Tectonic!trends!within!the!Gascoyne!Province!wrap!around!the!

Criteria	JORC&Code&explanation		Commentary
		margins!of!these!relatively!stable!cratons.!The!Gascoyne!Province!
			comprises!voluminous!granitoid!intrusions,!mantled!gneiss!domes,!
			metamorphosed!and!partly!melted!sedimentary!rocks!and!remobilized!
			Archaean!basement!gneiss.!While!the!Gascoyne!Province!is!not!as!well!
			endowed!with!operating!mines!when!compared!to!the!Yilgarn!and!Pilbara!
			Cratons!there!is!evidence!for!mineralised!systems!being!active!within!the!
			Capricorn!Orogen!and!a!number!of!recent!exploration!successes!point!to!
			the!potential!of!the!Province.
		•
		Mt&Boggola: Sediment!hosted!CuUAu!at!basin!margin. • Morrissey&Hill:&Pegmatite!hosted!UULiUREE!mineralisation!(LCT!model)!and!
		secondary!calcrete!U!mineralisation. • Bordah&Well:&Sediment!hosted!CuUAu.!Pegmatite!hosted!UULiUREE! mineralisation!(LCT!model)!and!secondary!calcrete!U!mineralisation.



Drill) hole) Information	• A'summary of'all'information' material'to'the'understanding'of'the'	•	Mt&Boggola:
	exploration'results'including'a'	Hole!ID	Easting	Northing	Dip/Azi	Tot.!	From	To	Length	Cu
	tabulation'of'the'following'	PB26	570737	7370910	[50!/!020	Depth 39	18	24	6	0.13
	information'for'all'Material'drill'	PB27	570721	7370866	[50!/ 020	70	45.3 50	47 55	1.7 5	0.19 0.13
	holes: easting'and'northing'of'the'drill' o						62	66	3	0.25
	hole'collar	PB28 PB29	570537 570524	7370998 7370961	[50!/!020 [50!/!020	33 68	40	41	No!Significant!Results 1	0.24
	o elevation'or'RL'(Reduced'Level'–	BGRB001	568400	7370077	[90!/!000	100	47	56	9 No!Significant!Results	1.86
	elevation'above'sea'level'in'	BGRB002	568402	7370006	[90!/!000	118			No!Significant!Results
	metres)'of'the'drill'hole'collar dip'and'azimuth'of'the'hole o
	down'hole'length'and' o	•	Morrissey&Hill:&No!drillhole!information!presented.!
	interception'depth	•	Bordah&Well:&No!drillhole!information!presented.
	hole'length. o
	• If'the'exclusion'of'this'information'is' justified'on'the'basis'that'the'
	information'is'not'Material'and'this'
	exclusion'does'not'detract'from'the'
	understanding'of'the'report,'the'
	Competent'Person'should'clearly'
Data)	explain'why'this'is'the'case. • In'reporting'Exploration'Results,'	•	Length!weighted!average!of!all!samples!>0.1%!Cu.
aggregation)	weighting'averaging'techniques,'
methods	maximum'and/or'minimum'grade'	•	No!high!grade!intervals!selected!at!this!time.
	truncations'(eg'cutting'of'high'
	grades)'and'cutNoff'grades'are'usually'
	Material'and'should'be'stated. • Where'aggregate'intercepts'
	incorporate'short'lengths'of'high'
	grade'results'and'longer'lengths'of'
	low'grade'results,'the'procedure'used'
	for'such'aggregation'should'be'stated'
	and'some'typical'examples'of'such'
	aggregations'should'be'shown'in' detail.
	• The'assumptions'used'for'any'
	reporting'of'metal'equivalent'values'
	should'be'clearly'stated.
Relationship)	• These'relationships'are'particularly'	•	Relationship!between!mineralisation widths!and!true!widths!not!
between)	important'in'the'reporting'of'		determined!at!this!time.
mineralisation)	Exploration'Results. •
widths) and)	If'the'geometry'of'the'mineralisation' with'respect'to'the'drill'hole'angle'is'
intercept)	known,'its'nature'should'be'reported.
lengths	• If'it'is'not'known'and'only'the'down'
	hole'lengths'are'reported,'there'
	should'be'a'clear'statement'to'this'
	effect'(eg''down'hole'length,'true'
Diagrams	width'not'known'). • Appropriate'maps'and'sections'(with'	•
	scales)'and'tabulations'of'intercepts'		Representative!diagrams!included!in!text.!Further!diagrams!will!be!
	should'be'included'for'any'significant'		generated!as!exploration!programmes!are!designed!and!implemented.
	discovery'being'reported'These'should'

Criteria	JORC&Code&explanation	Commentary
Balanced) reporting	include,'but'not'be'limited'to'a'plan' view'of'drill'hole'collar'locations'and' appropriate'sectional'views. • Where'comprehensive'reporting'of'all Exploration'Results'is'not'practicable,' representative'reporting'of'both'low' and'high'grades'and/or'widths'should' be'practiced'to'avoid'misleading' reporting'of'Exploration'Results.	• Mt&Boggola: All!mineralisation!>!0.1%!Cu!is!tabulated!above. • Morrissey&Hill:&No!drillhole!information!presented.!Only!rockchip! information!is!presented.!As!disclosed!above!by!their!natures!rockchips!are! not!representative!and!only!serve!to!illustrate!potential!for!the!project.!All! rockchip!samples!taken!by!MDV!are!shown!on!Page!11. • Bordah&Well:&No!drillhole!information!presented.!Only!rockchip! information!is!presented.!As!disclosed!above!by!their!natures!rockchips!are! not!representative!and!only!serve!to!illustrate!potential!for!the!project.!
Other) substantive) exploration) data	• Other'exploration'data,'if'meaningful' and'material,'should'be'reported' including'(but'not'limited'to):' geological'observations;'geophysical' survey'results;'geochemical'survey' results;'bulk'samples'– size'and' method'of'treatment;'metallurgical' test'results;'bulk'density,' groundwater,'geotechnical'and'rock' characteristics;'potential'deleterious' or'contaminating'substances.	• Substantial!open!file!data!including!historical!exploration!reports!by! companies!listed!above,!geophysical!and!ASTER!data!has!been!summarised! in!the!document!with!further!detail!to!be!outlined!in!ASX!releases! regarding!exploration!on!the!project.!
Further)work	• The'nature'and'scale'of'planned' further'work'(eg'tests'for'lateral' extensions'or'depth'extensions'or' largeNscale'stepNout'drilling). • Diagrams'clearly'highlighting'the' areas'of'possible'extensions,'including' the'main'geological'interpretations' and'future'drilling'areas,'provided'this' information'is'not'commercially' sensitive.	• As!detailed!in!the!report.

APPENDIX%2

Battery%Hub%Project%g Cross%References

ASX%Announcements%by%Aurora%Minerals%Limited%(ASX:%ARM)

25/01/2010	CAPRICORN!MANAGNESE!PROJCT
29/01/2010	QUARTERLY!ACTIVITIES!REPORT
09/02/2010	COMPANY!PRESENTATION
12/03/2010	CAPRICORN!SOUTHEAST!PROJECT!U EXPLORATION!UPDATE
	CAPRICORN!SOUTHEAST!MANAGNESE!PROJECT!U DRILLING!TO!
30/03/2010	COMMENCE
16/04/2010	PRESENTATION!U EXPLORATION!PROGRAM
23/04/2010	CAPRICORN!SOUTHEAST!PROJECT!U DRILLING!UPDATE
03/05/2010	CAPRICORN!SOUTHEAST!PROJECT!U DRILLING!UPDATE
	CAPRICORN!SOUTHEAST!MANAGNESE!PROJECT!U INITIAL!DRILLING!
05/05/2010	IDENTIFIES!EXTENSIVE!MANGANESE!OCCURRENCES
	CAPRICORN!SOUTHEAST!MANAGNESE!PROJECT!U COMPLETION!OF!
13/05/2010	FIRST!DRILLING,!ASSAYS,!PRESENTATION,!PLANNING
02/06/2010	CAPRICORN!SOUTHEAST!PROJECT!U PROJECT!UPDATE
	CAPRICORN!SOUTHEAST!PROJECT!U SIGNIFICANT!MANGANESE!
07/05/2010	MINERALISATION!IN!MAIDEN!DRILLING!PROGRAM
29/07/2010	QUARTERLY!ACTIVITIES!REPORT
16/08/2010	AURORA!MINERALS!U EXPLORATION!UPDATE!U HIGHLIGHTS
	AURORA!MINERALS!U EM!SURVEY!COMPLETED!OVER!CAPRICORN!
30/08/2010	SOUTHEAST!MANGANESE!PROJECT AURORA!MINERALS!U DRILLING!COMMENCES!AT!CAPRICORN!
21/10/2010	SOUTHEAST!MANGANESE!PROJECT
28/10/2010	QUARTERLY!ACTIVITIES!REPORT
	AURORA!MINERALS!U COPPER!GOSSANS!DISCOVERED!AT!CAPRICORN!
05/11/2010	SOUTHEAST!MANAGANESE!PROJECT
	CAPRICORN!SOUTHEAST!PROJECT!U DRILLING!CONFIRMS!
08/11/2010	PROSPECTIVITY
10/12/2010	ROCK!CHIP!ASSAY!RESULTS!U DOOLEY!DOWNS!PROSPECT
31/12/2010	AUORA!MINERALS!LIMITED!U INTERIM!FINANCIAL!REPORT
	CAPRICORN!SOTHEAST!MANGANESE!PROJECT!U DRILLING!RESULTS!
04/01/2011	UPDATE
27/01/2011	QUARTERLY!ACTIVITIES!REPORT
15/04/2011	COPPER!AND!MANGANESE!DRILLING!COMMENCES
28/04/2011	QUARTERLY!ACTIVITIES!REPORT
02/06/2011	EXPLORATION!DRILLING!UPDATE
28/07/2011	QUARTERLY!ACTIVITIES!REPORT
02/11/2011	AUORA!MINERALS!LIMITED!U PRESENTATION

APPENDIX%3 AURORA&MINERALS&LTD DRILL&HOLE&ID&REFERENCES&TO&DMP&WAMEX&REPORT

				Easting	Northing		Total& Hole	Hole		Azimuth
		WAMEX&									COLLAR&
Project	Tenement	A#	Hole_id	MGA	MGA	Elevation	Depth	Type	Dip	MAG	ID
Capricorn!
Southeast	E52/3523	107131	CSRC010	536180	7313458	475	60	RC	60	180	3835263
Capricorn! Southeast	E52/3523	107131	CSRC011	536146	7313470	475	60	RC	60	180	3835264
Capricorn!
Southeast	E52/3523	107131	CSRC012	536176	7313497	475	54	RC	60	180	3835265
Capricorn!
Southeast	E52/3523	107131	CSRC013	535604	7313404	475	96	RC	60	275	3835266
Capricorn!
Southeast	E52/3523	107131	CSRC014	535631	7313540	475	42	RC	60	180	3835267
Capricorn! Southeast	E52/3523	107131	CSRC015	535631	7313585	475	48	RC	60	180	3835268
Capricorn!
Southeast	E52/3523	107131	CSRC016	535800	7313497	475	36	RC	60	180	3835269
Capricorn!
Southeast	E52/3523	107131	CSRC017	535825	7313512	475	36	RC	60	180	3835270
Capricorn!
Southeast	E52/3523	107131	CSRC018	535829	7313496	475	12	RC	60	180	3835271
Capricorn! Southeast	E09/2217	107131	CSRC019	529569	7313785	472	48	RC	60	210	3835272
Capricorn!
Southeast	E09/2217	107131	CSRC020	529525	7313795	470	24	RC	60	210	3835273
Capricorn!
Southeast	E09/2217	107131	CSRC021	529553	7313848	471	30	RC	60	200	3835274
Capricorn!
Southeast	E09/2217	107131	CSRC022	528725	7313826	475	72	RC	60	200	3835275
Capricorn!
Southeast	E09/2217	107131	CSRC023	528620	7313864	475	72	RC	60	200	3835276
Capricorn! Southeast	E09/2217	107131	CSRC024	528542	7313897	475	60	RC	60	200	3835277
Capricorn!
Southeast	E09/2217	107131	CSRC025	528789	7314033	478	36	RC	60	200	3835278
Capricorn!
Southeast	E09/2217	107131	CSRC026	528745	7314041	475	24	RC	60	200	3835279
Capricorn!
Southeast	E09/2217	107131	CSRC027	528603	7314053	475	24	RC	60	200	3835280
Capricorn!
Southeast	E09/2217	107131	CSRC028	528608	7314076	475	24	RC	60	200	3835281
Capricorn! Southeast	E09/2217	107131	CSRC029	528742	7314080	475	40	RC	60	180	3835282
Capricorn!
Southeast	E09/2217	107131	CSRC030	528742	7314125	475	48	RC	60	180	3835283
Capricorn!
Southeast	E09/2217	107131	CSRC031	528671	7314147	475	48	RC	60	180	3835284

Capricorn!
Southeast	E09/2217	107131	CSRC032	528620	7314120	475	42	RC	60	195	3835285
Capricorn!
Southeast	E09/2217	107131	CSRC033	528658	7314031	475	24	RC	60	200	3835286
Capricorn!
Southeast	E09/2217	107131	CSRC034	528235	7314244	475	24	RC	60	220	3835287
Capricorn!
Southeast	E09/2217	107131	CSRC035	527991	7314387	475	24	RC	60	210	3835288
Capricorn!
Southeast	E09/2217	107131	CSRC036	528004	7314407	475	30	RC	60	210	3835289
Capricorn!
Southeast	E09/2217	107131	CSRC037	527372	7314641	475	24	RC	60	210	3835290
Capricorn!

Southeast	E09/2217	107131	CSRC038	527450	7314760	475	40	RC	90	0	3835291
Capricorn!
Southeast	E09/2217	107131	CSRC039	527308	7314746	475	48	RC	60	210	3835292
Capricorn!
Southeast	E09/2217	107131	CSRC040	527332	7314779	475	24	RC	90	0	3835293
Capricorn!
Southeast	E09/2217	107131	CSRC041	527367	7314828	475	57	RC	90	0	3835294
Capricorn!
Southeast	E09/2217	107131	CSRC042	527397	7314867	475	59	RC	90	0	3835295
Capricorn!
Southeast	E09/2217	107131	CSRC043	527429	7314903	475	60	RC	90	0	3835296
Capricorn!
Southeast	E09/2217	107131	CSRC044	526753	7314740	500	60	RC	60	200	3835297
Capricorn!
Southeast	E09/2217	107131	CSRC045	526764	7314777	488	48	RC	60	200	3835298
Capricorn!
Southeast	E09/2217	107131	CSRC046	526286	7315022	515	54	RC	60	200	3835299
Capricorn!
Southeast	E09/2217	107131	CSRC047	526442	7314945	475	78	RC	60	200	3835300
Capricorn!
Southeast	E09/2217	107131	CSRC048	526144	7315057	475	78	RC	60	180	3835301
Capricorn!
Southeast	E09/2217	107131	CSRC049	526147	7315091	475	70	RC	60	180	3835302

Capricorn!
Southeast	E09/2217	107131	CSRC050	525957	7315131	475	54	RC	60	200	3835303
Capricorn!
Southeast	E09/2217	107131	CSRC051	525691	7315248	475	54	RC	60	180	3835304
Capricorn!
Southeast	E09/2217	107131	CSRC052	525690	7315275	475	70	RC	60	180	3835305
Capricorn!
Southeast	E09/2217	107727	CSRC0053	525035	7315432	440	90	RC	60	200	3847532
Capricorn!
Southeast	E09/2217	107727	CSRC0054	525033	7315441	440	96	RC	60	200	3847533
Capricorn!
Southeast	E09/2217	107727	CSRC0055	524752	7315499	440	70	RC	60	200	3847534
Capricorn!
Southeast	E09/2217	107727	CSRC0056	524763	7315526	440	66	RC	60	200	3847535
Capricorn!
Southeast	E09/2217	107727	CSRC0057	524852	7315706	440	30	RC	60	190	3847536
Capricorn	E09/2217	107727	CSRC0058	524866	7315752	440	42	RC	60	190	3847537

Southeast
Capricorn!
Southeast	E09/2217	107727	CSRC0059	524743	7315776	440	36	RC	60	200	3847538
Capricorn!
Southeast	E09/2217	107727	CSRC0060	524152	7315723	440	70	RC	60	200	3847539
Capricorn!
Southeast	E09/2217	107727	CSRC0061	523703	7315984	440	54	RC	60	210	3847540
Capricorn!
Southeast	E09/2217	107727	CSRC0062	523182	7316401	440	78	RC	60	210	3847541

Capricorn!
Southeast	E09/2217	107727	CSRC0063	523031	7316465	440	78	RC	60	200	3847542
Capricorn!
Southeast	E09/2217	107727	CSRC0064	523170	7316693	440	48	RC	60	220	3847543
Capricorn!
Southeast	E09/2217	107727	CSRC0065	522348	7316856	440	36	RC	60	240	3847544
Capricorn!
Southeast	E09/2217	107727	CSRC0066	522441	7316791	440	54	RC	60	180	3847545
Capricorn!
Southeast	E09/2217	107727	CSRC0067	522364	7316909	440	40	RC	60	230	3847546
Capricorn!
Southeast	E09/2217	107727	CSRC0068	522278	7316897	440	48	RC	60	180	3847547
Capricorn!
Southeast	E09/2217	107727	CSRC0069	522231	7316963	440	30	RC	60	240	3847548
Capricorn!
Southeast	E09/2217	107727	CSRC0070	522206	7317042	440	36	RC	60	220	3847549
Capricorn!
Southeast	E09/2217	105705	CSRC0071	516695	7319162	470	42	RC	60	180	3773260
Capricorn!
Southeast	E09/2217	105705	CSRC0072	516724	7319148	470	48	RC	60	225	3773261
Capricorn!
Southeast	E09/2217	105705	CSRC0073	516898	7319170	470	60	RC	60	225	3773262
Capricorn!
Southeast	E09/2217	105705	CSRC0074	516682	7319336	470	60	RC	60	225	3773263

Capricorn!
Southeast	E09/2217	105705	CSRC0075	516090	7320188	470	60	RC	60	220	3773264
Capricorn!
Southeast	E09/2217	105705	CSRC0076	515263	7321196	470	48	RC	60	225	3773265
Capricorn!
Southeast	E09/2217	105705	CSRC0077	515263	7321144	470	30	RC	60	225	3773266
Capricorn!
Southeast	E09/2217	105705	CSRC0078	515079	7321294	470	42	RC	60	225	3773267
Capricorn!
Southeast	E09/2217	105705	CSRC0079	515044	7321330	470	42	RC	60	225	3773268
Capricorn!
Southeast	E09/2217	105705	CSRC0080	514999	7321385	470	40	RC	60	225	3773269
Capricorn!
Southeast	E09/2217	105705	CSRC0081	514942	7321475	470	42	RC	60	225	3773270
Capricorn!
Southeast	E09/2217	107727	CSRC0082	514468	7321958	440	36	RC	60	220	3847550
Capricorn!
Southeast	E09/2217	107727	CSRC0083	513273	7323019	440	42	RC	60	220	3847551
Capricorn!
Southeast	E09/2217	107727	CSRC0084	513200	7323059	440	42	RC	60	220	3847552

Southeast E09/2217 107727 CSRC0085 513099 7323168 440 42 RC 60 220 Capricorn!	3847553


Southeast E09/2217 107727 CSRC0086 512992 7323299 440 48 RC 60 215	3847554
Capricorn!
Southeast E09/2217 107727 CSRC0087 513011 7323336 440 66 RC 90 0	3847555
Capricorn!
Southeast E09/2217 107727 CSRC0088 512912 7323417 440 48 RC 60 220	3847556
Capricorn!
Southeast E09/2217 107727 CSRC0089 512768 7323600 440 48 RC 60 230	3847557
Capricorn!
Southeast E09/2217 107727 CSRC0090 512791 7323622 440 60 RC 90 0	3847558
Capricorn!
Southeast E09/2217 107727 CSRC0091 512730 7323688 440 42 RC 60 230	3847559
Capricorn!
Southeast E09/2217 107727 CSRC0092 510439 7326452 440 60 RC 60 210	3847560
Capricorn!
Southeast E09/2217 107727 CSRC0093 510442 7326440 440 60 RC 60 180	3847561
Capricorn!
Southeast E09/2217 107727 CSRC0094 510424 7326737 440 18 RC 90 0	3847562
Capricorn!
Southeast E09/2217 107727 CSRC0095 510156 7326852 440 15 RC 90 0	3847563
Capricorn!
Southeast E09/2217 107727 CSRC0096 510002 7326916 440 18 RC 90 0	3847564
Capricorn!
Southeast E09/2217 107727 CSRC0097 509545 7327140 440 42 RC 60 210	3847565
Capricorn!
Southeast E09/2217 107727 CSRC0098 509571 7327176 440 18 RC 90 0	3847566
Capricorn!
Southeast E09/2217 107727 CSRC0099 509596 7327210 440 18 RC 90 0	3847567
Capricorn!
Southeast E09/2217 107727 CSRC0100 509644 7326943 440 72 RC 60 210	3847568
Capricorn!
Southeast E09/2217 107727 CSRC0101 509669 7326980 440 12 RC 90 0	3847569
Capricorn!
Southeast E09/2217 107727 CSRC0102 509625 7326857 440 72 RC 60 200	3847570
Capricorn!
Southeast E09/2217 107727 CSRC0103 508328 7328229 440 40 RC 60 220	3847571
Capricorn!
Southeast E09/2217 107727 CSRC0104 509527 7329839 440 12 RC 90 0	3847572
Capricorn!
Southeast E09/2217 107727 CSRC0105 509678 7330190 440 30 RC 90 0	3847573
Capricorn!
Southeast E09/2217 107727 CSRC0106 501694 7334307 440 66 RC 60 220	3847574
Capricorn!
Southeast E09/2217 107727 CSRC0107 501699 7334433 440 66 RC 60 230	3847575
Capricorn!
Southeast E09/2217 107727 CSRC0108 501421 7334668 440 48 RC 60 220	3847576
Capricorn!
Southeast E09/2217 107727 CSRC0109 501456 7334691 440 48 RC 60 220	3847577
Capricorn!
Southeast E09/2217 107727 CSRC0110 501150 7334840 440 48 RC 60 220	3847578
Capricorn! E09/2217 107727 CSRC0111 501163 7334886 440 54 RC 60 210	3847579

Capricorn! Southeast E09/2217 107727 CSRC0112 499405 7336013 440 48 RC 60 220 3847580 Capricorn! Southeast E09/2217 107727 CSRC0113 499270 7336219 440 24 RC 60 220 3847581 Capricorn! Southeast E09/2217 104175 CSRC115 517365 7319399 446 6 RC 90 360 3680637 Capricorn! Southeast E09/2217 104175 CSRC116 517098 7318739 48 RC 90 360 3680638 Capricorn! Southeast E09/2217 104175 CSRC117 517731 7318618 48 RC 90 360 3680639 Capricorn! Southeast E09/2217 104175 CSRC118 517661 7318670 35 RC 90 360 3680640 Capricorn! Southeast E09/2217 104175 CSRC119 517570 7318689 35 RC 90 360 3680641 Capricorn! Southeast E09/2217 104175 CSRC120 517475 7318697 35 RC 90 360 3680642 Capricorn! Southeast E09/2217 104175 CSRC121 517376 7318710 28 RC 90 360 3680643 Capricorn! Southeast E09/2217 104175 CSRC122 517287 7318723 35 RC 90 360 3680644 Capricorn! Southeast E09/2217 104175 CSRC123 517186 7318730 29 RC 90 360 3680645 Capricorn! Southeast E09/2217 104175 CSRC124 517381 7318804 29 RC 90 360 3680646 Capricorn! Southeast E09/2217 104175 CSRC125 517381 7318900 30 RC 90 360 3680647 Capricorn! Southeast E09/2217 104175 CSRC126 517382 7318999 17 RC 90 360 3680648 Capricorn! Southeast E09/2217 104175 CSRC127 517369 7319090 23 RC 90 360 3680649 Capricorn! Southeast E09/2217 104175 CSRC128 517382 7319197 20 RC 90 360 3680650 Capricorn! Southeast E09/2217 104175 CSRC129 517372 7319299 17 RC 90 360 3680651 Capricorn! Southeast E09/2217 104175 CSRC130 517367 7319396 20 RC 90 360 3680652 Capricorn! Southeast E09/2217 104175 CSRC131 517193 7319200 11 RC 90 360 3680653 Capricorn! Southeast E09/2217 104175 CSRC132 517293 7319207 14 RC 90 360 3680654 Capricorn! Southeast E09/2217 104175 CSRC133 517471 7319196 17 RC 90 360 3680655 Capricorn! Southeast E09/2217 104175 CSRC134 517566 7319202 23 RC 90 360 3680656 Capricorn! Southeast E09/2217 104175 CSRC135 518200 7318459 38 RC 90 360 3680657 Capricorn! Southeast E09/2217 104175 CSRC136 518284 7318413 446 26 RC 90 360 3680658 Capricorn! Southeast E09/2217 104175 CSRC137 518365 7318357 440 40 RC 90 360 3680659 Capricorn! Southeast E09/2217 104175 CSRC138 518437 7318304 433 45 RC 90 360 3680660	Southeast

Capricorn!
Southeast	E09/2217	104175	CSRC139	518522	7318225	440	40	RC	90	360	3680661
Capricorn!
Southeast	E09/2217	104175	CSRC140	518591	7318195	443	35	RC	90	360	3680662
Capricorn!
Southeast	E09/2217	104175	CSRC141	518671	7318137	442	40	RC	90	360	3680663
Capricorn!
Southeast	E09/2217	104175	CSRC142	518746	7318089	446	55	RC	90	360	3680664
Capricorn!
Southeast	E09/2217	104175	CSRC143	518831	7318042	440	55	RC	90	360	3680665
Capricorn!
Southeast	E09/2217	104175	CSRC144	518906	7317979	444	29	RC	90	360	3680666
Capricorn!
Southeast	E09/2217	104175	CSRC145	518985	7317923	442	21	RC	90	360	3680667
Capricorn!
Southeast	E09/2217	104175	CSRC146	518824	7318129	443	40	RC	90	360	3680668
Capricorn!
Southeast	E09/2217	104175	CSRC147	518914	7318174	446	35	RC	90	360	3680669
Capricorn!
Southeast	E09/2217	104175	CSRC148	519003	7318211	442	35	RC	90	360	3680670

Capricorn!
Southeast	E09/2217	104175	CSRC149	519089	7318249	447	40	RC	90	360	3680671
Capricorn!
Southeast	E09/2217	104175	CSRC150	519171	7318296	443	35	RC	90	360	3680672
Capricorn!
Southeast	E09/2217	104175	CSRC151	519251	7318336	447	35	RC	90	360	3680673
Capricorn!
Southeast	E09/2217	104175	CSRC152	519344	7318371	444	30	RC	90	360	3680674
Capricorn!
Southeast	E09/2217	104175	CSRC153	519421	7318414	445	29	RC	90	360	3680675
Capricorn!
Southeast	E09/2217	104175	CSRC154	519507	7318458	444	20	RC	90	360	3680676
Capricorn!
Southeast	E09/2217	104175	CSRC155	519600	7318500	446	20	RC	90	360	3680677
Capricorn!
Southeast	E09/2217	104175	CSRC156	519689	7318534	449	23	RC	90	360	3680678
Capricorn!
Southeast	E09/2217	104175	CSRC157	519769	7318583	448	23	RC	90	360	3680679
Capricorn!
Southeast	E09/2217	104175	CSRC158	519852	7318623	448	20	RC	90	360	3680680
Capricorn!
Southeast	E09/2217	104175	CSRC159	519347	7318475	448	27	RC	90	360	3680681
Capricorn!
Southeast	E09/2217	104175	CSRC160	519271	7318538	447	23	RC	90	360	3680682
Capricorn!
Southeast	E09/2217	104175	CSRC161	519206	7318604	448	18	RC	90	360	3680683
Capricorn!
Southeast	E09/2217	104175	CSRC162	519055	7318725	447	17	RC	90	360	3680684
Capricorn!
Southeast	E09/2217	104175	CSRC163	518905	7318852	448	20	RC	90	360	3680685
Capricorn!
Southeast	E09/2217	104175	CSRC164	519497	7318355	450	17	RC	90	360	3680686
Capricorn!	E09/2217	104175	CSRC165	519644	7318230	442	15	RC	90	360	3680687

Southeast
Capricorn!
Southeast	E09/2217	104175	CSRC166	519712	7318169	446	5	RC	90	360	3680688
Capricorn!
Southeast	E09/2217	103004									3638101
Capricorn!
Southeast	E09/2217	103004									3638102
Capricorn!
Southeast	E09/2217	103004									3638103
Capricorn!
Southeast	E09/2217	103004									3638104
Capricorn!
Southeast	E09/2217	103004									3638105
Capricorn!
Southeast	E09/2217	103004									3638106
Capricorn!
Southeast	E09/2217	103004									3638107
Capricorn!
Southeast	E09/2217	103004									3638108
Capricorn!
Southeast	E09/2217	103004									3638109
Capricorn!
Southeast	E09/2217	103004									3638110
Capricorn!
Southeast	E09/2217	103004									3638111
Capricorn!
Southeast	E09/2217	103004									3638112
Capricorn!
Southeast	E09/2217	103004									3638113

Capricorn!
Southeast	E09/2217	103004									3638114
Capricorn!
Southeast	E09/2217	103004									3638115
Capricorn!
Southeast	E09/2217	103004									3638116
Capricorn!
Southeast	E09/2217	103004									3638117
Capricorn!
Southeast	E09/2217	103004									3638118
Capricorn!
Southeast	E09/2217	103004									3638119
Capricorn!
Southeast	E09/2217	103004									3638120
Capricorn!
Southeast	E09/2217	103004									3638121
Capricorn!
Southeast	E09/2217	103004									3638122
Capricorn!
Southeast	E09/2217	103004									3638123
Capricorn!
Southeast	E09/2217	103004									3638124
Capricorn!
Southeast	E09/2217	103004									3638125

Capricorn!
Southeast	E09/2217	103004	3638126

Capricorn! Southeast E09/2217 103004 3638131 Capricorn! Southeast E09/2217 103004 3638132 Capricorn! Southeast E09/2217 103005 3638192 Capricorn! Southeast E09/2217 103004 3638133 Capricorn! Southeast E09/2217 103004 3638134 Capricorn! Southeast E09/2217 103004 3638135 Capricorn! Southeast E09/2217 103004 3638136 Capricorn! Southeast E09/2217 103004 3638137 Capricorn! Southeast E09/2217 103004 3638138 Capricorn! Southeast E09/2217 103004 3638139 Capricorn! Southeast E09/2217 103004 3638140 Capricorn! Southeast E09/2217 103004 3638141 Capricorn! Southeast E09/2217 103004 3638142 Capricorn! Southeast E09/2217 103004 3638143 Capricorn! Southeast E09/2217 103004 3638144 Capricorn! Southeast E09/2217 103004 3638145 Capricorn! Southeast E09/2217 103004 3638146 Capricorn! Southeast E09/2217 103004 3638147 Capricorn! Southeast E09/2217 103004 3638148 Capricorn! Southeast E09/2217 103004 3638149 Capricorn! Southeast E09/2217 104175 CSRC284 506264 7326416 23 RC 90 360 3680709 Capricorn! Southeast E09/2217 104175 CSRC285 506178 7326404 26 RC 90 360 3680710 Capricorn! Southeast E09/2217 104175 CSRC286 506086 7326344 28 RC 90 360 3680711 Capricorn! Southeast E09/2217 104175 CSRC287 505993 7326326 23 RC 90 360 3680712 Capricorn! Southeast E09/2217 104175 CSRC288 505910 7326302 17 RC 90 360 3680713 Capricorn! Southeast E09/2217 104175 CSRC289 505881 7326209 20 RC 90 360 3680714	Southeast

Capricorn!
Southeast	E09/2217	104175	CSRC290	505918	7326391		17	RC	90	360	3680715
Capricorn!
Southeast	E09/2217	104175	CSRC291	505941	7326489		17	RC	90	360	3680716
Capricorn!
Southeast	E09/2217	104175	CSRC292	505945	7326580		17	RC	90	360	3680717
Capricorn!
Southeast	E09/2217	104175	CSRC293	505962	7326673		17	RC	90	360	3680718
Capricorn!
Southeast	E09/2217	104175	CSRC294	505817	7326342		18	RC	90	360	3680719
Capricorn!
Southeast	E09/2217	104175	CSRC295	505731	7326385		32	RC	90	360	3680720
Capricorn!
Southeast	E09/2217	104175	CSRC296	505656	7326451		17	RC	90	360	3680721
Capricorn!
Southeast	E09/2217	104175	CSRC297	505210	7326791		23	RC	90	360	3680722
Capricorn!
Southeast	E09/2217	104175	CSRC298	505225	7326887		27	RC	90	360	3680723
Capricorn!
Southeast	E09/2217	104175	CSRC299	505244	7326954		17	RC	90	360	3680724
Capricorn!
Southeast	E09/2217	104175	CSRC300	505243	7327076		17	RC	90	360	3680725
Capricorn!
Southeast	E09/2217	104175	CSRC301	505268	7327184		17	RC	90	360	3680726
Capricorn!
Southeast	E09/2217	104175	CSRC302	505172	7327142		17	RC	90	360	3680727
Capricorn!
Southeast	E09/2217	103004									3638150
Capricorn!
Southeast	E09/2217	103004									3638151
Capricorn!
Southeast	E09/2217	103004									3638152
Capricorn!
Southeast	E09/2217	103004									3638153
Capricorn!
Southeast	E09/2217	103004									3638154
Capricorn!
Southeast	E09/2217	103004									3638155
Capricorn!
Southeast	E09/2217	103004									3638156
Capricorn!
Southeast	E09/2217	104175	CSRC310	505228	7327247		17	RC	90	360	3680728
Capricorn!
Southeast	E09/2217	104175	CSRC311	505129	7327292		17	RC	90	360	3680729
Capricorn!
Southeast	E09/2217	103004									3638157

Capricorn! Southeast	E09/2217	103004									3638158

Capricorn
Southeast	E09/2217	103004									3638159
Capricorn!
Southeast	E09/2217	107727	CSRC0315	505211	7329245	440	29	RC	90	0	3847584
Capricorn!	E09/2217	103004									3638160

Capricorn! Southeast E09/2217 103004 3638161 Capricorn! Southeast E09/2217 103004 3638162 Capricorn! Southeast E09/2217 103004 3638163 Capricorn! Southeast E09/2217 103004 3638164 Capricorn! Southeast E09/2217 103004 3638165 Capricorn! Southeast E09/2217 103004 3638166 Capricorn! Southeast E09/2217 103004 3638167 Capricorn! Southeast E09/2217 103004 3638168 Capricorn! Southeast E09/2217 103004 3638169 Capricorn! Southeast E09/2217 103004 3638170 Capricorn! Southeast E09/2217 103004 3638171 Capricorn! Southeast E09/2217 103004 3638172 Capricorn! Southeast E09/2217 103004 3638173 Capricorn! Southeast E09/2217 103004 3638174 Capricorn! Southeast E09/2217 103004 3638175 Capricorn! Southeast E09/2217 103004 3638176 Capricorn! Southeast E09/2217 104175 CSRC333 502318 7329434 47 RC 90 360 3680730 Capricorn! Southeast E09/2217 107727 CSRC0334 510514 7328944 440 35 RC 90 0 3847585 Capricorn! Southeast E09/2217 104175 CSRC335 510243 7329343 35 RC 90 360 3680731 Capricorn! Southeast E09/2217 107727 CSRC0336 509560 7329929 440 47 RC 90 360 3847586 Capricorn! Southeast E09/2217 107727 CSRC0337 508331 7328244 440 53 RC 60 195 3847587 Capricorn! Southeast E09/2217 107727 CSRC0338 508339 7328228 440 47 RC 60 230 3847588 Capricorn!	Southeast












































	Southeast	E09/2217	107727	CSRC0339	509200	7327700	499	6	RC	90	360	3847589
Capricorn!
Southeast E09/2217 107727 CSRC0340 509150 7327750 497 5 RC 90 360 3847590
Capricorn!
Southeast E09/2217 107727 CSRC0341 509100 7327800 495 5 RC 90 360 3847591
Capricorn!
Southeast E09/2217 107727 CSRC0342 509050 7327850 495 8 RC 90 360 3847592

Southeast E09/2217 107727 CSRC0343 509000 7327900 497 7 RC 90 360 3847593 Capricorn! Southeast E09/2217 107727 CSRC0344 509000 7328000 500 9 RC 90 360 3847594 Capricorn! Southeast E09/2217 107727 CSRC0345 509050 7328050 497 9 RC 90 360 3847595 Capricorn! Southeast E09/2217 107727 CSRC0346 509100 7328000 495 7 RC 90 360 3847596 Capricorn! Southeast E09/2217 107727 CSRC0347 509150 7327950 497 5 RC 90 360 3847597 Capricorn! Southeast E09/2217 107727 CSRC0348 509150 7327650 502 5 RC 90 360 3847598 Capricorn! Southeast E09/2217 107727 CSRC0349 509110 7327700 498 11 RC 90 360 3847599 Capricorn! Southeast E09/2217 107727 CSRC0350 509050 7327760 495 5 RC 90 360 3847600 Capricorn! Southeast E09/2217 107727 CSRC0351 509000 7327800 492 5 RC 90 360 3847601 Capricorn! Southeast E09/2217 107727 CSRC0352 509200 7327600 505 5 RC 90 360 3847602 Capricorn! Southeast E09/2217 107727 CSRC0353 509250 7327550 500 5 RC 90 360 3847603 Capricorn! Southeast E09/2217 107727 CSRC0354 509300 7327500 498 5 RC 90 360 3847604 Capricorn! Southeast E09/2217 107727 CSRC0355 509350 7327450 499 5 RC 90 360 3847605 Capricorn! Southeast E09/2217 107727 CSRC0356 509400 7327400 498 5 RC 90 360 3847606 Capricorn! Southeast E09/2217 107727 CSRC0357 509450 7327350 500 5 RC 90 360 3847607 Capricorn! Southeast E09/2217 107727 CSRC0358 509500 7327300 503 5 RC 90 360 3847608 Capricorn! Southeast E09/2217 107727 CSRC0359 509550 7327250 504 13 RC 90 360 3847609 Capricorn! Southeast E09/2217 107727 CSRC0360 509600 7327260 502 11 RC 90 360 3847610 Capricorn! Southeast E09/2217 107727 CSRC0361 509650 7327250 504 8 RC 90 360 3847611 Capricorn! Southeast E09/2217 107727 CSRC0362 509700 7327200 501 11 RC 90 360 3847612 Capricorn! Southeast E09/2217 107727 CSRC0363 509650 7327150 505 16 RC 90 360 3847613 Capricorn! Southeast E09/2217 107727 CSRC0364 509600 7327200 510 11 RC 90 360 3847614 Capricorn! Southeast E09/2217 107727 CSRC0365 509500 7327200 511 15 RC 90 360 3847615 Capricorn! Southeast E09/2217 107727 CSRC0366 509450 7327250 511 11 RC 90 360 3847616 Capricorn! Southeast E09/2217 107727 CSRC0367 509400 7327300 506 9 RC 90 360 3847617 Capricorn! Southeast E09/2217 107727 CSRC0368 509350 7327350 506 10 RC 90 360 3847618 Capricorn! E09/2217 107727 CSRC0369 509300 7327400 503 9 RC 90 360 3847619	Capricorn!

Southeast
Capricorn!
Southeast	E09/2217	107727	CSRC0370	509250	7327450	503	8	RC	90	360	3847620
Capricorn!
Southeast	E09/2217	107727	CSRC0371	509200	7327500	500	5	RC	90	360	3847621
Capricorn!
Southeast	E09/2217	107727	CSRC0372	509150	7327550	491	5	RC	90	360	3847622
Capricorn!
Southeast	E09/2217	107727	CSRC0373	509100	7327600	497	9	RC	90	360	3847623
Capricorn!
Southeast	E09/2217	107727	CSRC0374	509500	7327400	498	9	RC	90	360	3847624
Capricorn!
Southeast	E09/2217	107727	CSRC0375	509550	7327350	500	11	RC	90	360	3847625
Capricorn!
Southeast	E09/2217	107727	CSRC0376	509374	7327267	503	14	RC	90	360	3847626
Capricorn!
Southeast	E09/2217	107727	CSRC0377	509400	7327200	503	17	RC	90	360	3847627
Capricorn!
Southeast	E09/2217	107727	CSRC0378	509454	7327157	507	17	RC	90	360	3847628
Capricorn!
Southeast	E09/2217	107727	CSRC0379	509500	7327100	513	23	RC	90	360	3847629
Capricorn!
Southeast	E09/2217	107727	CSRC0380	509550	7327050	512	11	RC	90	360	3847630
Capricorn!
Southeast	E09/2217	107727	CSRC0381	509600	7327100	513	11	RC	90	360	3847631
Capricorn!
Southeast	E09/2217	107727	CSRC0382	509500	7327700	514	17	RC	90	360	3847632
Capricorn!
Southeast	E09/2217	107727	CSRC0383	509450	7326950	518	17	RC	90	360	3847633
Capricorn!
Southeast	E09/2217	107727	CSRC0384	509400	7326900	527	11	RC	90	360	3847634
Capricorn!
Southeast	E09/2217	107727	CSRC0385	509400	7326990	528	17	RC	90	360	3847635
Capricorn!
Southeast	E09/2217	107727	CSRC0386	509350	7326960	526	17	RC	90	360	3847636
Capricorn!
Southeast	E09/2217	107727	CSRC0387	509304	7326985	530	13	RC	90	360	3847637
Capricorn!
Southeast	E09/2217	107727	CSRC0388	509450	7326850	524	17	RC	90	360	3847638
Capricorn!
Southeast	E09/2217	107727	CSRC0389	509550	7326850	520	13	RC	90	360	3847639
Capricorn!
Southeast	E09/2217	107727	CSRC0390	509685	7326800	525	11	RC	90	360	3847640
Capricorn!
Southeast	E09/2217	107727	CSRC0391	509500	7326900	519	11	RC	90	360	3847641
Capricorn!
Southeast	E09/2217	107727	CSRC0392	509600	7326900	522	11	RC	90	360	3847642
Capricorn!
Southeast	E09/2217	107727	CSRC0393	509550	7326950	520	8	RC	90	360	3847643
Capricorn!
Southeast	E09/2217	107727	CSRC0394	509600	7326990	518	11	RC	90	360	3847644
Capricorn!
Southeast	E09/2217	107727	CSRC0395	509700	7327100	503	11	RC	90	360	3847645

Capricorn!
Southeast	E09/2217	107727	CSRC0396	509695	7327000	520	11	RC	90	360	3847646
Capricorn!
Southeast	E09/2217	107727	CSRC0397	509745	7327135	506	7	RC	90	360	3847647
Capricorn!
Southeast	E09/2217	107727	CSRC0398	509640	7327060	514	11	RC	90	360	3847648
Capricorn!
Southeast	E09/2217	107727	CSRC0399	510100	7327000	503	7	RC	90	360	3847649
Capricorn!
Southeast	E09/2217	107727	CSRC0400	510060	7326960	506	5	RC	90	360	3847650
Capricorn!
Southeast	E09/2217	107727	CSRC0401	510155	7326940	510	5	RC	90	360	3847651
Capricorn!
Southeast	E09/2217	107727	CSRC0402	510200	7326900	505	5	RC	90	360	3847652
Capricorn!
Southeast	E09/2217	107727	CSRC0403	510300	7326900	509	5	RC	90	360	3847653
Capricorn!
Southeast	E09/2217	107727	CSRC0404	510250	7326850	508	5	RC	90	360	3847654
Capricorn!
Southeast	E09/2217	107727	CSRC0405	510300	7326850	506	5	RC	90	360	3847655
Capricorn!
Southeast	E09/2217	107727	CSRC0406	510390	7326800	507	7	RC	90	360	3847656
Capricorn!
Southeast	E09/2217	107727	CSRC0407	510450	7326735	503	11	RC	90	360	3847657
Capricorn!
Southeast	E09/2217	107727	CSRC0408	510350	7326750	513	11	RC	90	360	3847658
Capricorn!
Southeast	E09/2217	107727	CSRC0409	510300	7326776	520	10	RC	90	360	3847659
Capricorn!
Southeast	E09/2217	107727	CSRC0410	510250	7326800	510	8	RC	90	360	3847660
Capricorn!
Southeast	E09/2217	107727	CSRC0411	510200	7326830	516	9	RC	90	360	3847661
Capricorn!
Southeast	E09/2217	107727	CSRC0412	510158	7326861	518	11	RC	90	360	3847662
Capricorn!
Southeast	E09/2217	107727	CSRC0413	510100	7326900	513	11	RC	90	360	3847663
Capricorn!
Southeast	E09/2217	107727	CSRC0414	510000	7326950	519	10	RC	90	360	3847664
Capricorn!
Southeast	E09/2217	107727	CSRC0415	512743	7323645	508	40	RC	60	235	3847665
Capricorn!
Southeast	E09/2217	107727	CSRC0416	512741	7323649	505	7	RC	60	285	3847666
Capricorn!
Southeast	E09/2217	107727	CSRC0417	512780	7323657	502	70	RC	90	360	3847667
Capricorn!
Southeast	E09/2217	107727	CSRC0418	512796	7323565	512	37	RC	60	235	3847668
Capricorn!
Southeast	E09/2217	107727	CSRC0419	512823	7323591	506	57	RC	90	360	3847669
Capricorn!
Southeast	E09/2217	107727	CSRC0420	512819	7323534	506	35	RC	60	230	3847670
Capricorn!
Southeast	E09/2217	107131	CSRC421	528000	7314693	475	11	RC	90	0	3835306
Capricorn!	E09/2217	107131	CSRC422	527897	7314603	482	17	RC	90	0	3835307

Southeast
Capricorn!
Southeast	E09/2217	107131	CSRC423	527800	7314502	483	11	RC	90	0	3835308
Capricorn!
Southeast	E09/2217	107131	CSRC424	527846	7314447	482	11	RC	90	0	3835309
Capricorn!
Southeast	E09/2217	107131	CSRC425	527900	7314500	482	23	RC	90	0	3835310
Capricorn!

Southeast	E09/2217	107131	CSRC426	527951	7314550	485	21	RC	90	0	3835311
Capricorn!
Southeast	E09/2217	107131	CSRC427	528000	7314600	482	7	RC	90	0	3835312
Capricorn!
Southeast	E09/2217	107131	CSRC428	528050	7314646	473	11	RC	90	0	3835313
Capricorn!
Southeast	E09/2217	107131	CSRC429	528103	7314693	472	10	RC	90	0	3835314
Capricorn!
Southeast	E09/2217	107131	CSRC430	528201	7314698	475	17	RC	90	0	3835315
Capricorn!
Southeast	E09/2217	107131	CSRC431	528251	7314646	476	16	RC	90	0	3835316
Capricorn!
Southeast	E09/2217	107131	CSRC432	528301	7314696	474	11	RC	90	0	3835317
Capricorn!
Southeast	E09/2217	107131	CSRC433	528151	7314646	471	11	RC	90	0	3835318
Capricorn!
Southeast	E09/2217	107131	CSRC434	526101	7314600	475	11	RC	90	0	3835319
Capricorn!
Southeast	E09/2217	107131	CSRC435	528053	7314544	476	47	RC	90	0	3835320
Capricorn!
Southeast	E09/2217	107131	CSRC436	528004	7314498	481	41	RC	90	0	3835321
Capricorn!
Southeast	E09/2217	107131	CSRC437	527948	7314450	484	23	RC	90	0	3835322
Capricorn!
Southeast	E09/2217	107131	CSRC438	527900	7314405	485	11	RC	90	0	3835323
Capricorn!
Southeast	E09/2217	107131	CSRC439	528050	7314346	485	22	RC	90	0	3835324
Capricorn!
Southeast	E09/2217	107131	CSRC440	527998	7314303	484	10	RC	90	0	3835325
Capricorn!
Southeast	E09/2217	107131	CSRC441	528020	7314370	485	23	RC	90	0	3835326

Capricorn!
Southeast	E09/2217	107131	CSRC442	528102	7314398	475	35	RC	90	0	3835327
Capricorn!
Southeast	E09/2217	107131	CSRC443	528152	7314450	474	41	RC	90	0	3835328
Capricorn!
Southeast	E09/2217	107131	CSRC444	528205	7314510	486	17	RC	90	0	3835329
Capricorn!
Southeast	E09/2217	107131	CSRC445	528251	7314546	474	17	RC	90	0	3835330
Capricorn!
Southeast	E09/2217	107131	CSRC446	528300	7314600	469	17	RC	90	0	3835331
Capricorn!
Southeast	E09/2217	107131	CSRC447	528347	7314650	473	17	RC	90	0	3835332
Capricorn!
Southeast	E09/2217	107131	CSRC448	528400	7314700	473	11	RC	90	0	3835333

Capricorn!
Southeast	E09/2217	107131	CSRC449	528600	7314700	467	23	RC	90	0	3835334
Capricorn!
Southeast	E09/2217	107131	CSRC450	528550	7314650	467	11	RC	90	0	3835335
Capricorn!
Southeast	E09/2217	107131	CSRC451	528500	7314603	465	11	RC	90	0	3835336
Capricorn!
Southeast	E09/2217	107131	CSRC452	528450	7314550	465	11	RC	90	0	3835337
Capricorn!
Southeast	E09/2217	107131	CSRC453	528400	7314500	465	11	RC	90	0	3835338
Capricorn!
Southeast	E09/2217	107131	CSRC454	528353	7314452	476	11	RC	90	0	3835339
Capricorn!
Southeast	E09/2217	107131	CSRC455	528295	7314400	470	47	RC	90	0	3835340
Capricorn!
Southeast	E09/2217	107131	CSRC456	528253	7314353	475	35	RC	90	0	3835341

Capricorn!
Southeast	E09/2217	107131	CSRC457	528200	7314296	482	23	RC	90	0	3835342
Capricorn!
Southeast	E09/2217	107131	CSRC458	528153	7314250	485	7	RC	90	0	3835343
Capricorn!
Southeast	E09/2217	107131	CSRC459	528304	7314200	480	14	RC	90	0	3835344
Capricorn!
Southeast	E09/2217	107131	CSRC460	528347	7314250	474	23	RC	90	0	3835345
Capricorn!
Southeast	E09/2217	107131	CSRC461	528397	7314297	477	36	RC	90	0	3835346
Capricorn!
Southeast	E09/2217	107131	CSRC462	528442	7314240	479	35	RC	90	0	3835347
Capricorn!
Southeast	E09/2217	107131	CSRC463	528401	7314201	476	35	RC	90	0	3835348
Capricorn!
Southeast	E09/2217	107131	CSRC464	528350	7314149	476	35	RC	90	0	3835349
Capricorn!
Southeast	E09/2217	107131	CSRC465	528501	7314199	472	29	RC	90	0	3835350
Capricorn!
Southeast	E09/2217	107131	CSRC466	528548	7314245	474	42	RC	90	0	3835351
Capricorn!
Southeast	E09/2217	107131	CSRC467	528602	7314200	474	47	RC	90	0	3835352
Capricorn!
Southeast	E09/2217	107131	CSRC468	528552	7314145	477	23	RC	90	0	3835353
Capricorn!
Southeast	E09/2217	107131	CSRC469	528499	7314102	477	17	RC	90	0	3835354
Capricorn!
Southeast	E09/2217	107131	CSRC470	528560	7314068	478	17	RC	90	0	3835355
Capricorn!
Southeast	E09/2217	107131	CSRC471	528612	7314108	479	29	RC	90	0	3835356
Capricorn!

Southeast	E09/2217	107131	CSRC472	528645	7314157	475	41	RC	90	0	3835357
Capricorn!
Southeast	E09/2217	107131	CSRC473	528702	7314196	470	52	RC	90	0	3835358
Capricorn!
Southeast	E09/2217	107131	CSRC474	528744	7314239	470	47	RC	90	0	3835359
Capricorn!	E09/2217	107131	CSRC475	528803	7314298	470	29	RC	90	0	3835360

Southeast
Capricorn!
Southeast	E09/2217	107131	CSRC476	528850	7314350	463	23	RC	90	0	3835361
Capricorn!
Southeast	E09/2217	107131	CSRC477	528646	7314049	472	17	RC	90	0	3835362
Capricorn!
Southeast	E09/2217	107131	CSRC478	528702	7314098	470	41	RC	90	0	3835363
Capricorn!

Southeast	E09/2217	107131	CSRC479	528749	7314145	467	47	RC	90	0	3835364
Capricorn!
Southeast	E09/2217	107131	CSRC480	528809	7314097	474	35	RC	90	0	3835365
Capricorn!
Southeast	E09/2217	107131	CSRC481	528900	7314200	471	23	RC	90	0	3835366
Capricorn!
Southeast	E09/2217	107131	CSRC482	528852	7314145	470	11	RC	90	0	3835367
Capricorn!
Southeast	E09/2217	107131	CSRC483	528857	7314152	470	35	RC	90	0	3835368
Capricorn!
Southeast	E09/2217	107131	CSRC484	528803	7314107	475	28	RC	90	0	3835369
Capricorn!
Southeast	E09/2217	107131	CSRC485	528849	7314047	466	17	RC	90	0	3835370
Capricorn!
Southeast	E09/2217	107131	CSRC486	528950	7314050	467	11	RC	90	0	3835371
Capricorn!
Southeast	E09/2217	107131	CSRC487	528900	7314000	467	17	RC	90	0	3835372
Capricorn!
Southeast	E09/2217	107131	CSRC488	529000	7314000	469	5	RC	90	0	3835373
Capricorn!
Southeast	E09/2217	107131	CSRC490	529297	7313844	464	6	RC	90	0	3835374
Capricorn!
Southeast	E09/2217	107131	CSRC491	529288	7313950	464	11	RC	90	0	3835375
Capricorn!

Southeast	E09/2217	107131	CSRC492	529300	7314050	470	17	RC	90	0	3835376
Capricorn!
Southeast	E09/2217	107131	CSRC493	529300	7314150	465	17	RC	90	0	3835377
Capricorn!
Southeast	E09/2217	107131	CSRC494	529726	7314065	468	47	RC	90	0	3835378
Capricorn!
Southeast	E09/2217	107131	CSRC495	529540	7314130	474	17	RC	90	0	3835379
Capricorn!
Southeast	E09/2217	107131	CSRC496	529400	7314234	467	9	RC	90	0	3835380
Capricorn!
Southeast	E09/2217	107131	CSRC497	529260	7314354	471	23	RC	90	0	3835381
Capricorn!
Southeast	E09/2217	104175	CSRC498	529111	7314485	466	17	RC	90	360	3680732
Capricorn!
Southeast	E09/2217	104175	CSRC499	528980	7314644	470	17	RC	90	360	3680733
Capricorn!
Southeast	E09/2217	104175	CSRC500	528862	7314800	476	17	RC	90	360	3680734
Capricorn!
Southeast	E09/2217	107131	CSRC501	528746	7314952	470	27	RC	90	0	3835382
Capricorn!
Southeast	E09/2217	104175	CSRC502	529066	7314820	469	19	RC	90	360	3680735

Capricorn!
Southeast	E09/2217	104175	CSRC503	529153	7314988	471	17	RC	90	360	3680736
Capricorn!
Southeast	E09/2217	107131	CSRC504	529450	7313798	466	9	RC	90	0	3835383
Capricorn!
Southeast	E09/2217	107131	CSRC505	529437	7313855	471	10	RC	90	0	3835384
Capricorn!
Southeast	E09/2217	107131	CSRC506	529398	7313951	464	23	RC	90	0	3835385
Capricorn!
Southeast	E09/2217	107131	CSRC507	529410	7314000	470	47	RC	90	0	3835386
Capricorn!
Southeast	E09/2217	107131	CSRC508	529600	7313800	472	26	RC	90	0	3835387
Capricorn!
Southeast	E09/2217	107131	CSRC509	529650	7313850	473	17	RC	90	0	3835388
Capricorn!
Southeast	E09/2217	107131	CSRC510	529660	7313900	470	35	RC	90	0	3835389
Capricorn!
Southeast	E09/2217	107131	CSRC511	529815	7313594	463	9	RC	90	0	3835390
Capricorn!
Southeast	E09/2217	107131	CSRC512	529800	7313700	470	17	RC	90	0	3835391
Capricorn!
Southeast	E09/2217	107131	CSRC513	529800	7313800	469	35	RC	90	0	3835392
Capricorn!
Southeast	E09/2217	107131	CSRC514	529802	7313901	467	12	RC	90	0	3835393
Capricorn!
Southeast	E09/2217	107131	CSRC515	530683	7313650	466	29	RC	90	0	3835394
Capricorn!
Southeast	E09/2217	107131	CSRC516	530716	7313729	464	17	RC	90	0	3835395
Capricorn!
Southeast	E09/2217	107131	CSRC517	530760	7313819	467	17	RC	90	0	3835396
Capricorn!
Southeast	E09/2217	107131	CSRC518	530806	7313896	473	41	RC	90	0	3835397
Capricorn!
Southeast	E09/2217	107131	CSRC519	530890	7314162	473	35	RC	90	0	3835398
Capricorn!
Southeast	E09/2217	107131	CSRC520	530890	7314250	473	23	RC	90	0	3835399
Capricorn!
Southeast	E09/2217	107131	CSRC521	530881	7314359	473	41	RC	90	0	3835400
Capricorn!
Southeast	E09/2217	104175	CSRC522	530885	7314451	474	17	RC	90	360	3680737
Capricorn!
Southeast	E09/2217	107131	CSRC523	531093	7313853	463	17	RC	90	0	3835401
Capricorn!
Southeast	E09/2217	107131	CSRC524	531183	7314024	471	35	RC	90	0	3835402
Capricorn!
Southeast	E09/2217	107131	CSRC525	531254	7314195	463	17	RC	90	0	3835403
Capricorn!
Southeast	E09/2217	104175	CSRC526	505154	7331327	444	150	RC	60	225	3680738
Capricorn!
Southeast	E09/2217	107727	CSRC0527	505050	7331150	475	150	RC	60	65	3847671
Capricorn!
Southeast	E09/2217	104175	CSRC528	505214	7331276	446	150	RC	60	235	3680739
Capricorn!	E09/2217	107727	CSRC0529	505242	7330946	447	76	RC	50	60	3847672

Southeast
Capricorn!
Southeast	E09/2217	107727	CSRC0530	505706	7330360	463	89	RC	60	125	3847673
Capricorn!
Southeast	E09/2217	107727	CSRC0531	505669	7330302	468	120	RC	60	170	3847674
Capricorn!
Southeast	E09/2217	107727	CSRC0532	507947	7328902	484	125	RC	90	0	3847675
Capricorn!
Southeast	E09/2217	107727	CSRC0533	508198	7328739	489	149	RC	60	225	3847676
Capricorn!
Southeast	E09/2217	107727	CSRC0534	513014	7323812	480	89	RC	60	225	3847677
Capricorn!
Southeast	E09/2217	107727	CSRC0535	512936	7323733	481	95	RC	60	225	3847678
Capricorn!
Southeast	E09/2217	107727	CSRC0536	512872	7323668	498	129	RC	60	225	3847679
Capricorn!
Southeast	E09/2217	107727	CSRC0537	512940	7323599	487	122	RC	60	225	3847680
Capricorn!
Southeast	E09/2217	107727	CSRC0538	513365	7323173	476	113	RC	60	225	3847681
Capricorn!
Southeast	E09/2217	107727	CSRC0539	513427	7323110	473	110	RC	60	225	3847682
Capricorn!
Southeast	E09/2217	107727	CSRC0540	513504	7323186	474	8	RC	90	0	3847683
Capricorn!
Southeast	E09/2217	107727	CSRC0541	513572	7323247	471	8	RC	90	0	3847684
Capricorn!
Southeast	E09/2217	107727	CSRC0542	513643	7323311	475	8	RC	90	0	3847685
Capricorn!
Southeast	E09/2217	104175	CSRC543	517651	7318597	450	38	RC	90	0	3680740
Capricorn!
Southeast	E09/2217	104175	CSRC544	517711	7318586	446	36	RC	90	0	3680741
Capricorn!
Southeast	E09/2217	104175	CSRC545	517757	7318601	442	41	RC	90	0	3680742
Capricorn!
Southeast	E09/2217	104175	CSRC546	517800	7318603	447	44	RC	90	0	3680743
Capricorn!
Southeast	E09/2217	104175	CSRC547	517850	7318591	440	36	RC	90	0	3680744
Capricorn! Southeast	E09/2217	104175	CSRC548	517897	7318601	452	44	RC	90	0	3680745
Capricorn!
Southeast	E09/2217	104175	CSRC549	517853	7318648	454	57	RC	90	0	3680746
Capricorn!
Southeast	E09/2217	104175	CSRC550	517904	7318655	448	35	RC	90	0	3680747
Capricorn!
Southeast	E09/2217	104175	CSRC551	517948	7318702	447	44	RC	90	0	3680748
Capricorn!
Southeast	E09/2217	104175	CSRC552	517901	7318709	455	31	RC	90	0	3680749
Capricorn!
Southeast	E09/2217	104175	CSRC553	517851	7318705	446	35	RC	90	0	3680750
Capricorn!
Southeast	E09/2217	104175	CSRC554	517806	7318705	445	80	RC	60	180	3680751
Capricorn!
Southeast	E09/2217	104175	CSRC555	517603	7318754	431	62	RC	60	180	3680752

Capricorn!
Southeast	E09/2217	104175	CSRC556	517707	7318751	447	84	RC	60	180	3680753
Capricorn!
Southeast	E09/2217	104175	CSRC557	517806	7318751	446	101	RC	60	180	3680754
Capricorn!
Southeast	E09/2217	104175	CSRC558	517749	7318704	439	65	RC	60	180	3680755
Capricorn!
Southeast	E09/2217	104175	CSRC559	517700	7318699	444	59	RC	60	180	3680756
Capricorn!
Southeast	E09/2217	104175	CSRC560	517708	7318647	448	41	RC	60	180	3680757
Capricorn!
Southeast	E09/2217	104175	CSRC561	517746	7318648	448	50	RC	60	180	3680758
Capricorn!
Southeast	E09/2217	104175	CSRC562	517790	7318652	441	56	RC	60	180	3680759
Capricorn!
Southeast	E09/2217	104175	CSRC563	517804	7318557	446	23	RC	60	180	3680760
Capricorn!
Southeast	E09/2217	104175	CSRC564	517847	7318552	447	23	RC	60	180	3680761
Capricorn!
Southeast	E09/2217	104175	CSRC565	517748	7318554	444	23	RC	60	180	3680762

APPENDIX%4

Pure%Manganese%Pty%Ltd%–%Audit%Report%

APPENDIX%5

Pure%Manganese%Pty%Ltd%–%Financial%Statements

Year ende
30 June 201

(30, 646)

	2017
Expenses
Consultants Fees	900
Mining Title Manag't Serv. & Disbursem	29,746
Total expenses	30,646
Profit (Loss) from Ordinary Activities before income tax	(30,646)

	2017
Operating profit (deficit) before income tax	(30,646)
Income tax (credit) attributable to operating profit (loss)
Operating profit (deficit) after income tax	(30,646)
Retained profits at the beginning of the financial year
Total available for appropriation (deficiency)	(30.646)
Retained profits (deficit) at the end of the financial year	(30,646)

	Note	2017 s
Current Assets
Cash Assets
Bank - CBA ****1166		16,289
Cash On Hand		100
		16,389
Current Tax Assets
Input Tax Credit Control Account		3,065
		3,065
Total Current Assets		19,454
Non-Current Assets
Intangible Assets
Goodwill - At Cost		26,720
		26,720
Total Non-Current Assets		26,720
Total Assets		46,174
Net Assets		46,174
Equity
Issued Capital

Issued & Paid Up Capital Retained profits / (accumulated losses)		76,820 (30, 646)
Total Equity		46,174

ENL MR SAM SAMPLE FLAT 123 123 SAMPLE STREET THE SAMPLE HILL SAMPLE ESTATE SAMPLEVILLE VIC 3030

Lodge your vote:

By Mail:

Computershare Investor Services Pty Limited GPO Box 242 Melbourne Victoria 3001 Australia

Alternatively you can fax your form to (within Australia) 1800 783 447 (outside Australia) +61 3 9473 2555

For intermediary Online subscribers only (custodians) www.intermediaryonline.com

For all enquiries call:

(within Australia) 1300 763 658 (outside Australia) +61 3 9415 4865

Proxy Form

For your vote to be effective it must be received by 11:00am (AEST) Wednesday, 3 May 2017

How to Vote on Items of Business

All your securities will be voted in accordance with your directions.

Appointment of Proxy

Voting 100% of your holding: Direct your proxy how to vote by marking one of the boxes opposite each item of business. If you do not mark a box your proxy may vote or abstain as they choose (to the extent permitted by law). If you mark more than one box on an item your vote will be invalid on that item.

Voting a portion of your holding: Indicate a portion of your voting rights by inserting the percentage or number of securities you wish to vote in the For, Against or Abstain box or boxes. The sum of the votes cast must not exceed your voting entitlement or 100%.

Appointing a second proxy: You are entitled to appoint up to two proxies to attend the meeting and vote on a poll. If you appoint two proxies you must specify the percentage of votes or number of securities for each proxy, otherwise each proxy may exercise half of the votes. When appointing a second proxy write both names and the percentage of votes or number of securities for each in Step 1 overleaf.

A proxy need not be a securityholder of the Company.

Signing Instructions

Individual: Where the holding is in one name, the securityholder must sign.

Joint Holding: Where the holding is in more than one name, all of the securityholders should sign.

Power of Attorney: If you have not already lodged the Power of Attorney with the registry, please attach a certified photocopy of the Power of Attorney to this form when you return it.

Companies: Where the company has a Sole Director who is also the Sole Company Secretary, this form must be signed by that person. If the company (pursuant to section 204A of the Corporations Act 2001) does not have a Company Secretary, a Sole Director can also sign alone. Otherwise this form must be signed by a Director jointly with either another Director or a Company Secretary. Please sign in the appropriate place to indicate the office held. Delete titles as applicable.

Attending the Meeting

Bring this form to assist registration. If a representative of a corporate securityholder or proxy is to attend the meeting you will need to provide the appropriate "Certificate of Appointment of Corporate Representative" prior to admission. A form of the certificate may be obtained from Computershare or online at www.investorcentre.com under the help tab, "Printable Forms".

Comments & Questions: If you have any comments or questions for the company, please write them on a separate sheet of paper and return with this form.

Turn over to complete the form Î

View your securityholding, 24 hours a day, 7 days a week: www.investorcentre.com
Review your securityholding	Your secure access information is: SRN/HIN: I9999999999
Update your securityholding	PLEASE NOTE: For security reasons it is important that you keep your SRN/HIN confidential.

THE SAMPLE HILL SAMPLE ESTATE SAMPLEVILLE VIC 3030				Securityholders sponsored by a broker (reference number commences with 'X') should advise your broker of any changes.		I	" 9999999999		I ND
	Proxy Form				Please mark		to indicate your directions
STEP 1	Appoint a Proxy to Vote on Your Behalf								XX
	I/We being a member/s of Eagle Nickel Limited hereby appoint the Chairman OR of the Meeting						PLEASE NOTE: Leave this box blank if you have selected the Chairman of the Meeting. Do not insert your own name(s).
of that meeting.	or failing the individual or body corporate named, or if no individual or body corporate is named, the Chairman of the Meeting, as my/our proxy to act generally at the meeting on my/our behalf and to vote in accordance with the following directions (or if no directions have been given, and to the extent permitted by law, as the proxy sees fit) at the General Meeting of Eagle Nickel Limited to be held at the Office of Peregrine Corporate Limited, 62D Heyington Place, Toorak, Victoria on Friday, 5 May 2017 at 11:00am (AEST) and at any adjournment or postponement
STEP 2	Items of Business			PLEASE NOTE: If you mark the Abstain box for an item, you are directing your proxy not to vote on your behalf on a show of hands or a poll and your votes will not be counted in computing the required majority.
		For	Against Abstain				For	Against	Abstain
Resolution 1	Change to Scale of Activities			Resolution 9	Approval of Appointment of Mr Sean Keenan as a
Resolution 2	Approval of Issue of Shares for the PM Transaction			Resolution 10	Director Approval of Issue of Facilitation Shares to
Resolution 3	Approval to Issue Milestone 1 Shares to the PM Shareholders			Resolution 11	Xcel Capital Pty L:td Approval of Issue of Shares to the
Resolution 4	Approval to Issue Milestone 2 Shares to the PM Shareholders			Resolution 12	Directors Approval of Issue of Shares on Conversion of Convertible Notes
Resolution 5	Approval of Issue of Shares for Equity Raising			Resolution 13	Approval of Change of Company Name
Resolution 6	Approval for Consolidation of Share Capital
Resolution 7	Approval of Appointment of Mr Jeremy King as a Director
Resolution 8	Approval of Appointment of Mr Lincoln Ho as a Director
	The Chairman of the Meeting intends to vote undirected proxies in favour of each item of business. In exceptional circumstances, the Chairman of the Meeting may change his/her voting intention on any resolution, in which case an ASX announcement will be made.
SIGN	Signature of Securityholder(s) Individual or Securityholder 1	Securityholder 2		This section must be completed.		Securityholder 3

	Sole Director and Sole Company Secretary	Director				Director/Company Secretary
Contact Name				Contact Daytime Telephone			Date	/	/

AI assistant

QPM ENERGY LIMITED — Proxy Solicitation & Information Statement 2017

65650_rns_2017-04-03_9a575936-5cd0-4547-a5c6-826b79a8e45b.pdf

NOTICE%OF%GENERAL%MEETING%AND%EXPLANATORY%STATEMENT

CONTENTS%PAGE

KEY DATES

IMPORTANT%NOTE

Notes:

TIME AND%PLACE%OF MEETING AND%HOW%TO VOTE

VENUE

YOUR VOTE IS IMPORTANT

VOTING IN PERSON

APPOINTING A%PROXY

POWER%OF%ATTORNEY

CORPORATE REPRESENTATIVES

ENTITLEMENT TO ATTEND AND VOTE

CHAIRMAN'S LETTER

Dear Shareholders

NOTICE OF GENERAL MEETING

1. RESOLUTION%1%– CHANGE%TO%SCALE%OF%ACTIVITIES

2. RESOLUTION%2%– APPROVAL%OF%ISSUE OF%SHARES%FOR%THE%PM% TRANSACTION

3. RESOLUTION%3%– APPROVAL%TO%ISSUE%MILESTONE%1%SHARES%TO%THE% PM%SHAREHOLDERS

4. RESOLUTION%4%– APPROVAL%TO%ISSUE%MILESTONE%2%SHARES%TO%THE% PM%SHAREHOLDERS

5. RESOLUTION%5%– APPROVAL%OF%ISSUE%OF%SHARES%FOR%EQUITY% RAISING

6. RESOLUTION%6%– APPROVAL%FOR%CONSOLIDATION%OF%SHARE% CAPITAL

7. RESOLUTION%7%– APPROVAL%OF%APPOINTMENT OF%MR%JEREMY%KING% AS%A%DIRECTOR%

8. RESOLUTION%8 – APPROVAL%OF%APPOINTMENT%OF%MR%LINCOLN%HO% AS%A DIRECTOR%

9. RESOLUTION%9%– APPROVAL%OF%APPOINTMENT%OF%MR%SEAN%KEENAN AS%A%DIRECTOR%

10. RESOLUTION%10 – APPROVAL%OF%ISSUE%OF%FACILITATION%SHARES%TO% XCEL%CAPITAL%PTY%LTD

11. RESOLUTION%11 – APPROVAL OF%ISSUE%OF%SHARES%TO%THE% DIRECTORS

12. RESOLUTION%12 – APPROVAL%OF%ISSUE%OF%SHARES%ON%CONVERSION% OF%CONVERTIBLE%NOTES

13. RESOLUTION%13 – APPROVAL%OF%CHANGE%OF%COMPANY%NAME

PROXY VOTES

CORPORATE REPRESENTATIVE

COMPETENT%PERSON%STATEMENT

ENQUIRIES

BY ORDER OF THE BOARD OF DIRECTORS

EXPLANATORY STATEMENT

BACKGROUND TO RESOLUTIONS

Purpose of%the Resolutions

Background%on the Company

Background%to the PM Transaction

(a) PM Transaction

(b) Share Sale Deed

(c) PM Tenements

Project overviews

Mt%Boggola%Project%(E08/2693)

Figure 2: Plan and sections showing Newcrest drilling at Stadlers (Source: WAMEX open file report A43784)

Morrissey%Hill%Project%(E09/2133%and%E09/2136)

Bordah%Hill%Project%(E09/2132)

Lake%Blanche%Project%(EL5391)

Battery%Hub%Project%(E09/2217%and%E52/3523 – Applications%only)

Company's%intentions

Postgtransaction%ownership%structure

Key terms of Share%Sale%Deed

Equity Raising

Use%of%funds

Postgconsolidation%Conversion of%ENL%existing%convertible%notes

Regcompliance with Chapters 1 and%2%of the%Listing Rules

ASX%waivers

Impact%of the%Proposed%Transaction on the Company's capital%structure

Pro%forma Balance%Sheet

A. Cash at bank

B. Exploration asset

C. Conversion%of%the%convertible%note

D. Pro Forma Transactions

PM%Audited%Accounts

Board%of%Directors

ADVANTAGES AND DISADVANTAGES OF THE PROPOSED%TRANSACTION

Advantages of the%Proposed%Transaction

Disadvantages%of%the Proposed%Transaction

Plans%for%the%Company%if%the%Resolutions are not passed

KEY RISKS

Risks%relating to the%change in nature and scale%of%activities

(a) RegQuotation of Shares on ASX

(b) Dilution Risk

(c) Liquidity Risk

(d) Contractual Risk

Risks%relating to the%Company's operations

(a) Exploration and Evaluation Risks

QPM ENERGY LIMITED Proxy Solicitation & Information Statement 2017