RESOLUTION MINERALS LTD — Investor Presentation 2018

Sep 5, 2018

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DISCLAIMER AND COMPETENT PERSONS STATEMENT

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.

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 forward-looking statements in this presentation or any changes in events, conditions, or circumstances on which any such forward looking statement is based.

The information in this report that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Michael Schwarz who is a member of the Australian Institute of Geoscientists. 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’. 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 in this announcement is an accurate representation of the available data and studies of the material mining project. This report includes results that have previously been released under JORC 2012 by the Company as “Drilling Results – Wollogorang Cobalt Project” on the 7 August 2018 and “Copper Discovered at Gregjo Prospect” on 28 August 2018. The Company is not aware of any new information or data that materially affects the information included in this announcement and all material assumptions and technical parameters underpinning the Mineral Resource continue to apply and have not materially changed.

This presentation may include forward-looking statements. Forwardlooking statements are only predictions and are subject to risks,

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LOCATION, MINERALISATION STYLE

Wollogorang Cobalt Project, Northern Territory

Arunta Lithium, REE Project, Northern Territory

N27’s Wollogorang Cobalt Project is a sediment hosted cobalt mineralisation system which has potential for low CAPEX and OPEX options due to:

• Oxide mineralisation is dominated by asbolane and primary is predominantly siegenite - a cobalt sulphide mineral

• Cobalt dominant mineralisation occurs from surface

• Flat lying sediment hosted mineralisation - likely open pit operations

• Occurs in a supportive first-world mining jurisdiction

THE STANTON COBALT DEPOSIT IS IN THE NORTHERN TERRITORY, AUSTRALIA

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

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EXPLORATION POTENTIAL – CRAE Drilling

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Stanton Deposit
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RESOURCE DRILLING– Stanton Co Deposit

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WOLLOGORANG PROJECT - GEOLOGY

Oxide mineralisation

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Asbolane

Mn[4+] (O,OH)[2] .(Co,Ni,Mg,Ca)x(OH)[2x] .nH2O

Sulphide mineralisation - below base of oxidation

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Siegenite (Ni,Co)3S4

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STANTON RESOURCE CALCULATION - 2018

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JORC 2012 compliant resource of: 940,000t @ 0.13% Co, 0.06% Ni and 0.12% Cu

Mineral	Resource Estimate for the Stanton Cobalt Deposit – 9th April 2018	Resource Estimate for the Stanton Cobalt Deposit – 9th April 2018	Resource Estimate for the Stanton Cobalt Deposit – 9th April 2018	Resource Estimate for the Stanton Cobalt Deposit – 9th April 2018	Resource Estimate for the Stanton Cobalt Deposit – 9th April 2018	Resource Estimate for the Stanton Cobalt Deposit – 9th April 2018	Resource Estimate for the Stanton Cobalt Deposit – 9th April 2018
	Oxidation	Tonnes	Co ppm	Ni ppm	Cu ppm	S ppm	Contained Co t
Inferred	Oxide	8,000	500	300	2,100	100	5
	Transition	242,000	800	400	800	4,000	190
Indicated	Oxide	406,000	1,200	500	1,600	100	490
	Transition	286,000	1,800	900	900	4,200	520
Total		942,000	1,300	600	1,200	2,400	1,200

Stanton Mineral Resource estimate coloured by resource category. Red is indicated and blue is inferred.

Table 1. Stanton Cobalt Deposit Mineral Resource, reported above a 300 ppm cut-off grade (subject to rounding) and a Top Cut-off grade of 10,000ppm Co (1%)

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EXPLORATION POTENTIAL – Wollogorang Project

NEW EXPLORATION METHOD

• Use Toyota air core rig for initial shallow drill testing to 5-10m to get beneath thin cover to host rocks

• First pass drilling is analogous to surface sampling but with more effective coverage

• Generate new drill targets from surface mineralisation.

• Define extent of new mineralisation with deeper follow-up drilling to 30-40m

• Rapid, low cost, target assessment

• Undertake resource drilling with larger RC dill rig on best prospects

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EXPLORATION POTENTIAL – Wollogorang Project

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CRA LAG SAMPLING ~1990’s

• Took approximately 5,400 surface lag samples

• Didn’t discriminate between transported and insitu regolith

• Resulted in large areas of null results where sampling occurred over transported cover

• Resulted in false anomalies in areas of outcrop

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EXPLORATION POTENTIAL – Wollogorang Project

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CRA REGIONAL LAG SAMPLING > 100PPM CO

• 56 of 5,410 samples have Co > 100 ppm (1%)

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EXPLORATION POTENTIAL – Wollogorang Project

LAG SAMPLING OVER STANTON COBALT DEPOSIT

• Average cobalt value is 147 ppm

• Peak cobalt value is 358 ppm

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EXPLORATION POTENTIAL – Wollogorang Project

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NEW EXPLORATION METHOD

• First pass aircore drilling is complete

• 973 aircore holes completed

• Assays received for 800 of 973 reconnaissance shallow air core drill holes

• 154 of 800 (~19%) of the holes have anomalous cobalt in excess of 100 ppm Co

• Dramatically increases the effectiveness of regional exploration

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EXPLORATION POTENTIAL – Wollogorang Project

NEW TARGETS FOR DEEPER DRILLING

• ~21 new drill targets generated

• Coherent Co anomalism over 100ppm in aircore drill holes over magnetic lows

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EXPLORATION POTENTIAL – Wollogorang Project

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FIRST DRILL TARGET - GREGJO PROSPECT

• Deeper RAB drilling commenced on first drill target

• Copper and cobalt anomalism in aircore drilling

• Magnetic low on regional Gregjo Fault

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EXPLORATION POTENTIAL – Wollogorang Project

NEW TARGETS FOR DEEPER DRILLING:

• 9 RAB holes drilled to approximately 30m

• 3 drill holes have intersected significant copper mineralisation

• 18RAB009 – 15m @ 0.57% Cu including 4m @ 1.0% Cu

• 18RAB013 – 7m @ 1.3% Cu including

• 1m @ 5.0% Cu

• 18RAB014 – 5m @ 0.36% Cu

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EXPLORATION POTENTIAL – Wollogorang Project

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COPPER VS COBALT RICH ZONES:

• Copper appears to be controlled by the Gregjo Fault

• Cobalt is anomalous in aircore drilling in the central part of the magnetic low zone (similar to Stanton Co Deposit)

• Drilling is now continuing along the Gregjo Fault Zone to define extent of Cu mineralisation

• Then move to centre of mag low to test Co

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ARUNTA PROJECT - TENEMENTS

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Northern Cobalt has acquired 100% interest in 9 tenements and made application for 4 adjoining tenements

Alcoota Pegmatite Field

• Prospective for Li-Cs-Ta as evidenced by sampling from the nearby Spotted Wonder Prospect

• A rock chip at Kingston Resources’ (KSN) prospect returned a value of 10.2% Li2O (reported by KSN on 7/6/2017) from a sample of pegmatite containing amblygonite

• Identified a new zone of pegmatites 12 km long by up to 2 km wide

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ARUNTA PROJECT - TENEMENTS

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A recent field trip has confirmed the presence of significant pegmatites across the tenement package

12 km x 2 km

Newly identified pegmatite zone, 12 km long by up to 2 km wide

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ARUNTA PROJECT - TENEMENTS

Over 1,800 soil samples have been collected over interpreted pegmatite rich regions Assays are nearly completed

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