RESOLUTION MINERALS LTD — AGM Information 2017

Nov 23, 2017

NORTHERN27 CoBALT

AGM Presentation

24th NOVEMBER 2017

www.northerncobalt.com.au

D I S C L A I M E R A N D C O M P E T E N T P E R S O N S S TAT E M E N T

This presentation has been prepared by Northern Cobalt Limited (Northern Cobalt). This document contains background information about Northern Cobalt current at the date of this presentation. The presentation is in summary form and does not purport to be all inclusive or complete. Recipients should conduct their own investigations and perform their own analysis in order to satisfy themselves as to the accuracy and completeness of the information, statements and opinions contained in this presentation.

This presentation is for information purposes only. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sales of shares or other securities in any jurisdiction. This presentation is not a prospectus, product disclosure statement or other offering document under Australian law (and will not be lodged with the Australian Securities and Investments Commission (ASIC)) or any other law.

This presentation does not constitute investment or financial product advice (nor tax, accounting or legal advice) and has been prepared without taking into account the recipient's investment objectives, financial circumstances or particular needs and the opinions and recommendations in this presentation are not intended to represent recommendations of particular investments to particular persons. Recipients should seek professional advice when deciding if an investment is appropriate. All securities involve risks which include (among others) the risk of adverse or unanticipated market, financial or political developments.

To the fullest extent permitted by law, Northern Cobalt, its officers, employees, agents and advisors do not make any representation or warranty, express or implied, as to the currency, accuracy, reliability or completeness of any information, statements, opinions, estimates, forecasts or other representations contained in this presentation. No responsibility for any errors or omissions from this presentation arising out of negligence or otherwise are accepted.

This presentation may include forward-looking statements. Forwardlooking statements are only predictions and are subject to risks, uncertainties and assumptions which are outside the control of Northern Cobalt. Actual values, results or events may be materially different to those expressed or implied in this presentation. Given these uncertainties, recipients are cautioned not to place reliance on forward looking statements. Any forward-looking statements in this presentation speak only at the date of issue of this presentation. Subject to any continuing obligations under applicable law, Northern Cobalt does not undertake any obligation to update or revise any information or any of the forwardlooking statements in this presentation or any changes in events, conditions, or circumstances on which any such forward looking statement is based.

Mr Michael Schwarz is a full-time employee of 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 'Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' and is a member if the Australian Institute of Geoscientists. Mr Michael Schwarz consents to the inclusion in the report of the matters based on his information in the form in which it is appears. The information relating to estimates of Mineral Resources and Exploration Targets is extracted from the Northern Cobalt Prospectus created on the 30th June 2017 and is available on www.northerncobalt.com.au. The company confirms that it is not aware of any new information or data that materially affects the information included in the original document and, in the case of Mineral Resources and Exploration Targets, that material assumptions in the relevant documents continue to apply and have not materially changed. The company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original document. This report contains historical exploration results announced on 20 September 2017 as "Prospectus" (historical estimate). The Company confirms it is not in possession of any new information or data relating to the historical estimate that materially impacts on the reliability of the estimates or the Company's ability to verify the historical estimate. Supporting information provided in the announcement of 20 September 2017 continues to apply and has not materially changed.

C O R P O R AT E OV E R V I E W

Len Dean Chairman

Metallurgist, experienced ASX Chairman BHP Marketing Director Iron Ore and Group General Manager Minerals Marketing. MD of India's largest listed Iron Ore Company. Over 50 years industry experience.

Michael Schwarz Managing Director

Michael has over 20 years' senior experience in mineral exploration spanning industry and government as a geologist and in senior management. Michael was previously Managing Director of Monax Mining (ASX:MOX) and has held Directorships with several ASX listed exploration companies.

Duncan Chessell Director

Project Vendor representative non-executive Director of Coolabah Group) with 20+ years experience in business and oil, gas and mineral exploration. BSc, MAusIMM, GAICD.

Andrew Shearer Director

Resource Analyst with PAC Partners (Lead Manager on IPO), Corporate Advisor, Geophysicist with a technical and corporate background. BSc (Hons), MBA

Capital Structure
Ordinary Shares (m)	36.1
Market Capitalisation (A$m)	$18.0
Cash (A$m) (raised at IPO 22 September 2017)	$4.2
Options ($0.20/sh, 14/9/19) (m)	10.2
Options ($0.25/sh, 6/9/21) (m)	5.8
Options ($0.25/sh, 21/03/21) (m)	6.5
Performance Shares -Class A (m)	9.6
Performance Shares -Class B (m)	3.6

Performance Shares on JORC Code Project Milestones Class A: upon 6,000t contained Co equivalent Class B: upon 15,000t contained Co equivalent

THE COBALT ISSUE = THE COBALT OPPORTUNITY

The price of cobalt has increased from US$25,000/t in 2016 to US$62,500/t in September 2017* But is still HALF of the 2008 High of $115,000/t

*Source: www.infomine.com

C O B A LT D E M A N D D R I V E R

COBALT'S PLACE IN THE EXPANDING "GREEN ECONOMY"

The Tesla Model S Source: www.tesla.com

ELECTRIC VEHICLE INVESTMENT IS RAMPING UP – another key driver of demand. Li-ion (cobalt) batteries are also suited to electric vehicles, where weight and energy density are important factors

Electric vehicles are a key driver for cobalt-based lithium-ion batteries

Tesla has has pledged to build 1 million EV's a year by 2020

Auto giant Volkswagen has recently stated its intention to become a leader in EV's by 2025

Chinese government has stipulated that no less than 30% of new vehicles purchased by the government or the public service will be new energy vehicles

Global demand for EV's estimated to reach ~7 million units in 2020 (compared to 800,000 in 2015)

E T H I C A L C O B A LT

Stanton Cobalt Deposit, Northern Territory

THE STANTON COBALT DEPOSIT IS IN THE NORTHERN TERRITORY, AUSTRALIA

Over 50% of the worlds cobalt is currently 6 mined from the Democratic Republic of the Congo (DRC)

It is a potential recipe to cause instability and volatility in supply and demand, particularly through political instability, such as in 2008, when the price rose to over $52/lb

The DRC is also under scrutiny due to the use of child labour and poor working conditions – particularly with artisanal cobalt production

Organisations such as Tesla and Apple have indicated their preference for using ethically mined cobalt from other countries, which could create a large supply deficit

NORTHERN COBALT has recognised the growing importance of cobalt sourced from developed world jurisdictions

W O L LO G O R A N G C O B A LT P R O J EC T

STANTON COBALT DEPOSIT

• New JORC 2012 compliant Inferred mineral resource of: 500,000 t @ 0.17% Co, 0.09% Ni and 0.11% Cu
• Mineralisation is
  • cobalt dominant,
  • at surface,
  • open in number or directions
• Sulphide concentrate produced via conventional flotation in historic testing

EXPLORATION TARGET ESTIMATED

An Exploration Target (JORC 2012) of

• 2 Mt grading 0.03 % Co, 0.008 % Ni and 0.5 % Cu to 10 Mt grading 0.12 % Co, 0.06 % ppm Ni and 0.3 % Cu in the immediate vicinity of Stanton Resource.
• The Exploration Target quantity and grade is highly conceptual in nature, there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource in any of the prospects. LOCATION

PROJECT & PLAN

EXPERIENCED – SKILLED – MOTIVATED – PASSIONATE - CONNECTED

W O L LO G O R A N G P R O J EC T - G EO LO GY

Cross Section Showing Drilling, Domains and Open Pit Optimisation

P A G E 9

Plan of Stanton Deposit Drilling, Interpreted Faults and Domains

• Several drill holes ended in cobalt mineralisation and have therefore not defined the lower depth of the mineralised sequence.
• Stanton drill hole RC22 terminated in 0.3% Co at 65m at the bottom of a 22m intersection from 43m.
• Opportunity exists in this area to further extend the mineralised system which could lead to conversion into additional resources.

EXPLORATION POTENTIAL - CRAE Drilling

E X P LO R AT I O N P OT E N T I A L – S u r fa c e G e o c h e m i s t r y

E X P LO R AT I O N P OT E N T I A L – S ta nto n C o D e p o s i t

P A G E 1 2

RESOURCE DRILLING- Stanton Co Deposit

793,600 mE

Stanton Cobalt Deposit Northern Cobalt and historic drill hole locations

RESOURCE DRILLING- Stanton Co Deposit

Cross section showing Northern Cobalt drill holes without historic drill holes

NORTHERN27 CoBALT

RESOURCE DRILLING- Stanton Co Deposit

Cross section showing Northern Cobalt drill holes with historic CRA drill holes

D R I L L I N G C O M P L E T E D– R u n n i n g C r e e k P r o s p e c t

P A G E 1 6

E X P LO R AT I O N P OT E N T I A L – Wo l l o g o ra n g P r o j e c t

E X P LO R AT I O N P L A N

T H A N K YO U

WEBSITE

www.northerncobalt.com.au

ADDRESS

67 Goodwood Rd, Wayville, Adelaide, South Australia 5034

EMAIL

mschwarz@northerncobalt.com.au

TELEPHONE +61 402 101 790 (Michael Schwarz)

S I G N I F I C A N T D R I L L I N T E R S EC T I O N S

Hole_ID	Easting(MGAZ53)	Northing(MGAZ53)	RL(MGAZ53)	Dip	Azimuth(mag)	Total depth(m)	InterceptFrom (m)	InterceptTo (m)	Interval(m)	Co (%)	Cu (%)	Ni (%)
NC17RC001	793620	8148511	75.7	-90	360	100	2	6	4	0.05	0.05	0.03
NC17RC001	793620	8148511	75.7	-90	360	100	20	22	2	0.05	0.33	0.03
NC17RC002	793620	8148490	75.9	-90	360	100	10	14	4	0.05	0.06	0.03
NC17RC002	793620	8148490	75.9	-90	360	100	70	86	16	0.10	0.09	0.06
NC17RC003	793620	8148470	76.1	-90	360	100	5	12	7	0.15	0.24	0.10
NC17RC003	793620	8148470	76.1	-90	360	100	15	16	1	0.19	0.24	0.11
NC17RC003	793620	8148470	76.1	-90	360	100	19	20	1	0.12	0.27	0.17
NC17RC003	793620	8148470	76.1	-90	360	100	22	23	1	0.05	0.13	0.03
NC17RC003	793620	8148470	76.1	-90	360	100	25	62	37	0.28	0.12	0.16
NC17RC004	793620	8148450	76.3	-90	360	100	0	14	14	0.11	0.18	0.06
NC17RC004	793620	8148450	76.3	-90	360	100	20	50	30	0.17	0.07	0.11
including							34	44	10	0.33	0.10	0.17
NC17RC004	793620	8148450	76.3	-90	360	100	55	56	1	0.18	0.00	0.01
NC17RC005	793620	8148430	76.4	-90	360	100	5	9	4	0.08	0.27	0.04
NC17RC005	793620	8148430	76.4	-90	360	100	13	15	2	0.14	0.41	0.05
NC17RC005	793620	8148430	76.4	-90	360	100	17	20	3	0.08	0.10	0.06
NC17RC005	793620	8148430	76.4	-90	360	100	22	28	6	0.11	0.09	0.06
NC17RC005	793620	8148430	76.4	-90	360	100	32	50	18	0.33	0.07	0.08
including							32	33	1	2.13	0.15	0.18
and							44	45	1	1.50	0.15	0.17
NC17RC005	793620	8148430	76.4	-90	360	100	54	55	1	0.08	0.00	0.01

ASX announcement 24 November 2017