STREAMPLAY STUDIO LIMITED — Investor Presentation 2015

Feb 25, 2015

Fast Tracking to Production

THE ABU DABBAB TANTALUM-TIN-FELDSPAR PROJECT, EGYPT – THE 400K DEVELOPMENT .

==> picture [591 x 398] intentionally omitted <==

Gippsland Ltd (February 2015))

1

Important Notices

Competent Persons Compliance Statement

The information in this announcement that relates to Exploration Targets, Exploration Results or Mineral Resources is based on, and fairly represents, information and supporting documentation prepared and compiled by Dr John Chisholm, a Competent Person who is a Fellow of the Australasian Institute of Mines and Metallurgy. Dr Chisholm is employed by Mandu Pty Limited which provides geological consulting services to the Company. Mandu Pty Limited holds 125,000 ordinary shares in the Company. Mandu Superannuation Fund Pty Limited of which Dr Chisholm is director and shareholder holds 3,362,963 ordinary shares in the Company. Dr Chisholm has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the “Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves”. Dr Chisholm consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Disclaimer

Statements contained in this material, particularly those regarding possible or assumed future performance, costs, dividends, production levels or rates, prices, reserves or potential growth of Gippsland Ltd (or its affiliates), industry growth or other trend projections are, or may be, forward-looking statements. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. Actual results and developments may differ materially from those expressed or implied by these forward looking statements depending on a variety of factors.

Nothing in this presentation should be construed as either an offer to sell or a solicitation of an offer to buy or sell shares of Gippsland in any jurisdiction.

==> picture [330 x 248] intentionally omitted <==

==> picture [314 x 249] intentionally omitted <==

2

==> picture [683 x 39] intentionally omitted <==

COMPANY OBJECTIVE – TA’ADEEN INVESTMENTS LTD.

To establish a major mining business between Gippsland and MENA Investors by:

1. Commence staged development of the Abu Dabbab tantalum-tin-feldspar Project in Egypt immediately:

2. Stage 1 – 92k lbs Ta2O5 and 260 t tin

3. Stage 2 – 400k lbs Ta2O5, 960 t tin and 1 Mt of ceramic feldspar

4. Stage 3 – expansion (?) optimisation (!) and downstream value add (?).

5. Expand and develop the nearby Nuweibi tantalum resource* – 98 million tonnes.

6. New project opportunities – advanced base metals and gold projects in the MENA region, as well as incorporate existing Gippsland assets in Egypt (gold-Wadi Allaqi) and Eritrea (gold and base metals).

7. Future listing on Dubai or other international stock exchanges (DBX, AIM, TSX…)

Looking for partners with shared vision and local expertise

==> picture [161 x 110] intentionally omitted <==

3

*Refer Gippsland 2014 Annual Report for details.

==> picture [683 x 39] intentionally omitted <==

PRESENTATION OUTLINE

1. Project owners & sponsors

2. The Abu Dabbab Project-Egypt (400k Development)

3. The Abu Dabbab Site

4. Offtake

5. Commodity Markets

6. Growth Potential

7. Concluding Comments

Abu Dabbab is planned to be fast tracked into production. Once in production it will be the platform for growth to create a major new MENA focussed mining house.

==> picture [331 x 230] intentionally omitted <==

==> picture [333 x 188] intentionally omitted <==

4

==> picture [683 x 39] intentionally omitted <==

Ownership Structure – the “core” project has 50% ownership with Egyptian Government

==> picture [452 x 330] intentionally omitted <==

----- Start of picture text -----

Gippsland Limited - Ministry of Petroleum
Australia Egypt
100%
Nubian
100% 100%
Resources PLC
(United Kingdom) Tantalum International Egyptian Mineral
100% Resources Authority
Pty Ltd
100% (EMRA)
Ta’adeen Investments
100%
Ltd
100% Egyptian Company for
(Planned) Mineral Resources
(ECMR)
Adobha Nubian
Resources Pty Ltd Resources JSC
(Eritrea) (Egypt)
100% 50% JV Interest 50% 50%
Adobha & Gerasi Wadi Allaqi Tantalum Egypt JSC
Exploration
Licences Project 100%
Gold / Base metals
Gold /Base metals Abu Dabbab Tantalum-Tin-Feldspar & Nuweibi
Projects
----- End of picture text -----*

*Exploration Licence Apps

• Tantalum Egypt JSC (TE JSC) – established company, with staff and operations.

• TE JSC was in production at Abu Dabbab; 160 tonnes of alluvial tin recovered –P&E onsite.

• Ta'adeen – to be a SPV, likely established in Dubai Free Zone registration (Ta’adeen).

• Gippsland – Australian listed exploration coy, working on Project for +10 years.

5

==> picture [683 x 39] intentionally omitted <==

ABU DABBAB PROJECT - THE 400K DEVELOPMENT PLAN OVERVIEW

• Large scale project with excellent growth potential;

Case	Production	Annual Output
400K - Stage 1 - Tantalum & Tin	0.4 Mtpa rate	92,000 lbs of Ta2O5 and 260 t of tin
400K – Stage 2 Tantalum, Tin & ceramic feldspar	1.4 Mtpa rate	400,000 lbs of Ta2O5, 960 t of tin & 1 Mtpa of feldspar
Fully expanded - potential	3Mtpa rate	878,000 lbs of Ta2O5,, 1,250 t of tin & 2.3 Mtpa of feldspar

• Total Mineral Resource* of 45 million tonnes containing 25 million pounds of Ta2O5 and 39,000 tonnes of tin;

• Mine Life is expected to be approximately 25 years;

• Open pit, bulk mining with low strip ratio;

• Conventional gravity style processing to create a Ta2O5 and tin concentrate as smelter feed;

• A specialist small scale up-grade and smelting facility off site, in Egypt, near power, labour and transport hubs;

• Capital costs estimated at US$7 million (incl. 20% contingency) for stage 1 and US$28 million (30% contingency) for stage 2; and

• Plan to be in production in late 2015/early 2016 (stage 1) and early 2017 for Stage 2.

6

*Refer Gippsland 2014 Annual Report for details.

==> picture [683 x 39] intentionally omitted <==

PROJECT OVERVIEW (CONT.)

• Committed Tantalum Sales Agreement for 600,000 lbs of Ta2O5 per year for 10 years with H.C. Starck GmbH, a major global manufacturer and supplier of tantalum products. Strong interest in feldspar also and the tin “sells itself”.

==> picture [501 x 302] intentionally omitted <==

Project Location

• 20 km inland-Red Sea

• • Granted Exploitation Licences

• • Good road access. • 30 km south of Marsa Alam International Airport.

• • 38 km from Al Khorafi’s resort development.

• • 94 km north of Sukari Gold mine-420k oz Au pa.

7

==> picture [683 x 39] intentionally omitted <==

PROJECT OVERVIEW

• View of the Abu Dabbab Deposit. The mineralisation is white and the waste is dark coloured.

==> picture [471 x 375] intentionally omitted <==

“Before & After” – below, with final 3 Mtpa pit design.

8

==> picture [683 x 39] intentionally omitted <==

Stage 1: 400K Plan Production Process

==> picture [447 x 410] intentionally omitted <==

----- Start of picture text -----

Mine
ROM
Crushing & Grinding & Gravity Concentration
Screening Sizing Tantalum Pentoxide recovery
P80 < 150 um 0.36 Mtpa
Stage 1 – 0.36
Mtpa
Drying & Bagging
Concentrate grading 10 %
Tantalum Pentoxide & 35 %
Sn
Trucking 700 tpa
Egyptian Upgrade &
Concentrate to upgrade plant
Smelter Facility
92k lbs. Sold to HC 260 t of tin sold
Starck Germany
under contract
----- End of picture text -----

==> picture [113 x 62] intentionally omitted <==

----- Start of picture text -----

Silica & Feldspar
to Tails
0.36 Mtpa
----- End of picture text -----

9

9

==> picture [683 x 39] intentionally omitted <==

Stage 2: 400K Plan Production Process

==> picture [609 x 408] intentionally omitted <==

----- Start of picture text -----

Mine
Tails
0.45 Mtpa
ROM
Crushing & Grinding & Feldspar flotation Gravity Concentration
Screening Sizing Recovery Tantalum Pentoxide recovery
P80 < 150 um 60% 0.36 Mtpa
Stage 2 – 1.4
Mtpa
1 Mtpa ceramic STAGE 2 Drying & Bagging
Concentrate grading 10%
feldspar Bulk Handling
Tantalum Pentoxide & 35%
& Shipping
Sn
1.1 mtpa
400k lbs. pa sold to
HC Starck under Egyptian Upgrade & Shipping/Trucking
offtake contract Smelter Facility 2,700 tpa Concentrate
960 t of tin sold
(uncommitted)
----- End of picture text -----

10

10

==> picture [683 x 39] intentionally omitted <==

Not hard to find the mineralisation…..

==> picture [474 x 267] intentionally omitted <==

==> picture [236 x 178] intentionally omitted <==

• Prominent, large scale deposit.

• Extensive drilling and 3 adits for sampling.

• 50t of bulk samples taken and used in testwork.

11

11

==> picture [683 x 39] intentionally omitted <==

Abu Dabbab site – an established site.

==> picture [316 x 237] intentionally omitted <==

Large stockpiles of aggregate from alluvial tin operations, valuable for footings and site works

==> picture [360 x 203] intentionally omitted <==

Access - road around the deposit or via bulldozer to near the top of the deposit.

12

12

==> picture [683 x 39] intentionally omitted <==

400K – initially focused around existing plant & services

==> picture [682 x 409] intentionally omitted <==

----- Start of picture text -----

Crushing & Spiral Plant
----- End of picture text -----

13

13

==> picture [683 x 39] intentionally omitted <==

400K – initially focused around existing plant & services

==> picture [307 x 408] intentionally omitted <==

==> picture [364 x 273] intentionally omitted <==

(Tax) Free Zone Compound - infrastructure already established.

Wilfley table – from alluvial tin operations.

14

14

==> picture [683 x 39] intentionally omitted <==

Offtake Agreements

• The Project products comprise Tantalum glass, Tin in the form of crude Tin metal and a bulk Feldspar-silica material.

• The status of TE’s offtake arrangements for its products is summarised below.

• Tantalum: TE has entered into an Offtake Agreement with HC Starck GmbH, whereby Starck has contracted to purchase 600k lbs. per annum of Ta in the form of Tantalum Pentoxide for a period of 10 years. The price and the nature of the pricing mechanism is confidential but is a “fixed” price” regularly adjusted for changes in key operating cost inputs. Starck also has a “first right to negotiate” for any additional Ta production and has expressed an interest in this material. However, this is not a "first right of refusal'' and Gippsland has had approaches from other Tantalum refiners in respect of this additional production, above the 600k lbs. not committed to Starck.

• Tin: At present there are no offtake agreements in place for the Tin metal. However there is a large public market for Tin and, in metal form it is easily saleable on LME markets.

• Feldspar: No firm offtake arrangements have been entered into but Gippsland has previously engaged in preliminary market evaluation of the Feldspar product generated from the bulk sample test work. Samples were sent to several ceramic manufacturers in the Middle East and in Europe. Each had their own plant and product specific testing parameters and in all cases the tests demonstrated that the Abu Dabbab Feldspar was technically superior to the equivalent Turkish Feldspars in every respect. Gippsland has obtained expressions of interest for 1.7Mtpa of the Feldspar products at indicative pricing in 2011 for $30 and $40/t “FOB Red Sea port” with the lower pricing for the Italian destination. Based on the market information above, Gippsland considers that the market conditions are currently more favorable, especially in the MENA region and expects to achieve similar or improved average pricing.

15

15

==> picture [683 x 39] intentionally omitted <==

PROJECT OVERVIEW – TANTALUM & TIN MARKET

- positive fundamentals, ongoing modest Ta2O5 deficit forecast.

Ta2O5 Demand by Application (2012)

Tin Demand by Application (2012)

==> picture [622 x 161] intentionally omitted <==

----- Start of picture text -----

12% Powder/Wire 16%
10% Superalloys Solder
39%
Carbides 13% Tin Plate
11% CPI/Mill 54% Chemicals
Oxides/Chem. Other
9% 17%
Targets
19%
Source: ITRI
----- End of picture text -----

Source: Roskill December 2013

Forecast Ta2O5 Supply-Demand Balance (Mlbs)

5 Year Tin Price

==> picture [348 x 174] intentionally omitted <==

----- Start of picture text -----

4.50
4.00
3.50
3.00
2.50
2.00
1.50
1.00
0.50
0.00
2012 2013 2014 2015 2016
Source: Roskill December 2013
Ta2O5 Supply Ta2O5 Demand
----- End of picture text -----

16

Concluding comments

REWARDING AND POWERFUL PARTNERSHIP POTENTIAL

: Gippsland is able to contribute

• Ta'adeen project equity;

• Feasibility study level technical work on the Abu Dabbab Project underpins 400K Plan;

• Offtake Agreement for 6 million lbs of tantalum product to a major global tantalum product supplier;

• Strong technical and operational skills to build and operate the Project, including 10 year “operating” record in Egypt; and

• Equity and debt market network.

: As an equity partner in Ta'adeen, Gippsland is seeking

• Established network to provide local insight and facilitate the identification, acquisition and development of MENA region mining opportunities;

• Strong financial capacity to undertake commercial investments, initially into Ta'adeen and the Abu Dabbab Project and subsequently on a co-funding basis for new opportunities; and

• Interest to create a significant locally based mining house with expectations to seek a stock exchange listing to provide investment liquidity and new sources of development capital.

17

Ta’adeen - an emerging collaboration and growth story

Ta’adeen Investments Ltd – Project & Growth Profile

==> picture [633 x 387] intentionally omitted <==

----- Start of picture text -----

Advanced-Feasibility status
Abu Dabbab
In construction-Q2 2015
(400K-stage 1)
Pre-Production
Opportunity to increase
400K Stage 2 production near mine
infrastructure
Abu Dabbab Nuweibi
Extensions Resource
Expansion Opportunity for
new discoveries
Wadi Allaqi Eritrea and commodity
(Gold) (Gold & Base Metals) diversification
MENA Projects Already Identified
New Mining Project Opportunities
Regional Project Generation
----- End of picture text -----

18

Ta’adeen - an emerging collaboration and growth story

Ta’adeen Investments Ltd – Growth Potential

19

==> picture [683 x 39] intentionally omitted <==

THANK YOU ﺟزﯾﻼ ﺷﻛرا

CONTACT DETAILS

Michael Rosenstreich Managing Director E: info@gippslandltd.com

Gippsland Limited:

Suite 12, 186 Hay Street

Subiaco, WA 6008

PO Box 8206 Subiaco East WA 6008

T: +61 8 9340 6000 F: +61 8 9340 6060

==> picture [250 x 221] intentionally omitted <==

==> picture [248 x 215] intentionally omitted <==

20