TALGA GROUP LTD — Investor Presentation 2014

May 12, 2014

ASX: TLG

13 MAY, 2014�

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~~TALGA~~ R E S O U R C E S

Talga Resources Ltd ABN 32 138 405 419

1st Floor, 2 Richardson St, West Perth, WA 6005 T: +61 8 9481 6667 F: +61 8 9322 1935

www.talgaresources.com

Corporate Information

TALGA PRESENTATION AT RIU SYDNEY RESOURCES ROUNDUP CONFERENCE

Talga Resources Limited (ASX:TLG) (“ Talga ” or “ the Company ”) is pleased to provide a copy of the presentation to be delivered by Managing Director Mr Mark Thompson at the RIU Sydney Resources Round-Up conference this week.

The presentation summarises Talga’s latest corporate information and focusses on it’s wholly owned graphite and graphene projects in Sweden. The presentation will be made available on the Company’s website www.talgaresources.com

The presentation details are as follows:

Date: Thursday, 15[th] May 2014 Time: 9.20am Venue: Sofitel Sydney Wentworth

ASX Code TLG

Shares on issue 105.1m Options (unlisted) 3.75m

Company Directors Keith Coughlan

Non-Executive Chairman

Mark Thompson

Managing Director

Grant Mooney

Further information on the Company’s graphite/graphene developments and divestment projects will be available at Talga’s booth at the conference.

For further information, contact:

Mark Thompson

Managing Director Talga Resources Ltd

Tel +61 (08) 9481 6667 Email admin@talgaresources.com

Non-Executive Director

ABOUT TALGA

Talga Resources Limited (Talga) (ASX: “TLG”) is a diversified mineral explorer and developer with a portfolio of 100% owned graphite, iron, copper/gold projects in Sweden and gold projects in Western Australia.

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ASX Code: TLG

The main focus is the development of its unique graphite and graphene deposits of northern Sweden utilising the advantages of world-leading high-grade deposits, low cost power, established mining infrastructure and short transport distance to high demand markets in Europe.

TALGA RESOURCES LTD ASX AND MEDIA RELEASE

PAGE 1

R E S O U R C E S

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Talga Resources Ltd
Investor Presentation
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RIU Conference Sydney 13-15 May 2014

Cover; Nunasvaara graphite core sample and graphene schematic.

Forward Looking Statements and Disclaimer:

This presentation has been prepared by Talga Resources Limited (ACN 138 405 419) (“Issuer”) for the sole purpose of providing an overview of its current prospects and proposed exploration and development strategy to recipients (“Recipient”). This presentation and its contents are provided to the Recipient in confidence and may not be reproduced or disclosed in whole or in part to any other person, without the written consent of the Issuer.

The presentation is based on information available to the Issuer as at the date of the presentation. The information contained in this presentation has not been verified by the Issuer nor has the Issuer conducted any due diligence in relation to that information. The presentation contains selected information and does not purport to be all inclusive or to contain all information that may be relevant to the Recipient. The Recipient acknowledges that circumstances may change and this presentation may become outdated as a result. The Issuer accepts no obligation to update or correct this presentation.

This document includes forward-looking statements. When used in this document, the words such as "could," “plan," "estimate," "expect," "intend," "may," "potential," "should," and similar expressions are forward-looking statements. Although the Issuer believes that the expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties, and no assurance can be given that actual results will be consistent with these forward-looking statements.

No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of the Issuer, its directors, employees or agents, advisers, nor any other person accepts any liability for any loss arising from the use of this presentation or its contents or otherwise arising in connection with it, including, without limitation, any liability arising from fault or negligence on the part of the Issuer or its directors, employees or agents. Nothing in this Presentation is a promise or representation as to the future. Statements or assumptions in this presentation as to future matters may prove to be incorrect and differences may be material. The Issuer does not make any representation or warranty as to the accuracy of such statements or assumptions.

The information in this presentation does not take into account the investment objectives, financial situation and particular needs of any Recipient. The Recipient should not make an investment decision on the basis of this presentation alone and the Recipient should conduct its own independent investigation and assessment of the content of this presentation. Nothing in this presentation constitute financial product, investment, legal, tax or other advice. Nothing in this presentation should be construed as a solicitation to buy or sell any security or to engage or refrain from engaging in any dealing in any security.

Photographs, maps, charts, diagrams and schematic drawings appearing in this presentation are owned by and have been prepared by or commissioned by the Issuer, unless otherwise stated. Maps and diagrams used in the presentation are illustrative only and may not be drawn to scale. Unless otherwise stated, all data contained in charts, graphs and tables is based on information available at the date of this presentation. By accepting this presentation the Recipient agrees to be bound by the foregoing statements.

2

~~TALGA~~ R E S O U R C E S

Executive Summary

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• ‣[Talga Resources Ltd (“Talga”) ASX:TLG is developing the ] [world’s highest grade graphite mineral ] resource[1 ] , located in the Kiruna mining district of Sweden.

• ‣[In recent tests Talga has demonstrated a ] [world-first ability][ to produce ] [high quality graphene][ direct ] from its raw (uncrushed/unpurified) graphite ore which provides Talga with unique economic advantages compared to global graphene peers. [cost][ and ] [abundant][ supply potential is a paradigm shift in the production outlook for ]

• ‣[This new ] [low] bulk graphene, a high-value ‘wonder’ material with huge growth potential.

• ‣[Talga has defined 7.6 million tonnes source ore to date and is ramping up its low-cost development to ] focus on becoming a global graphite and graphene supplier with industry leading margins.

• ‣[The Company is transitioning to a sole graphite/graphene focus by divesting non-core assets ] including iron ore projects in Sweden and gold projects in Australia.

• ‣[Near term potential value catalysts include new upscaling of metallurgical process with ] and dual

• ,

• breakthrough graphene option commercial/sales agreements scoping study utilising .

• graphite/graphene production

• 1 See appendices for details of JORC (2004) resources and www.techmetalsresearch.com for world graphite resources grade comparison.

3

~~TALGA~~ R E S O U R C E S

Talga Resources Corporate Overview

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Board of Directors Keith Coughlan Non-executive Chairman Mark Thompson Managing Director Grant Mooney Non-executive Director

Share Price last 12 months ASX:TLG

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Capitalisation Summary Ordinary Shares 105.1M Unlisted Options[1] 3.75M Cash (at 31/3/2014) $1.9M Debt $0.0M Market Capitalisation (full diluted @ $0.22) $23.9M Top Shareholders (+3%) Lateral Minerals Pty Ltd (Managing Director) 8.8% Two Tops Pty Ltd 4.5% Yandal Investments Pty Ltd 3.4%

Top 20 own 45%

• 1 2.75m @ 40c director exp 30 Nov 2014, 0.5m @ 35c employee exp 21 Jul 2015, 0.5m @ 45c employee exp 3 Oct 2016.

4

What is Natural Graphite?

• ‣ Graphite is a crystalline form of carbon that forms in nature when carbon-rich rocks undergo metamorphism (pressure/temperature induced change). It can be synthesised but at very high cost.

• ‣ Graphite (the mineral) consists of parallel sheets of carbon atoms in a hexagonal lattice, which when one or few atoms in thickness, are called . graphene

• ‣ Graphite has remarkable properties of electrical and thermal conductivity that make it useful for a large range of applications.

• ‣ Natural graphite demand is about 1.1Mt/yr , a volume similar to Nickel, with total value approximately US$1B/yr.

• ‣ Graphite is most commonly sold as a concentrate by private contract. Industry prices are surveyed and published by Industrial Minerals magazine.

• ‣ Consumption is diverse with significant markets in steel production and refractories (>50%), automotive parts, lubricants and batteries.

• ‣ China and Brazil supply >80% world natural graphite.

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Video of carbon atoms crystallising to graphite
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Graphite outcrop at Talga’s Nunasvaara project in Sweden.
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5

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Graphite prices exceeding historic and forecast trends.
4
First
Column
X
X
X
Graphite prices now steady, with flake 50% higher and Prices have exceeded forecasts since end of 2012 and
.
base case are to
amorphous 100% higher than long term averages
prices trending surprise on upside
appendix for further price/market data.
ACTUAL MAY 2014
12 13 13 13 14
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Prices have exceeded forecasts since end of 2012 and base case prices are trending to surprise on upside . See appendix for further price/market data.

6

Graphite Drivers

• ‣ China has maturing operations with rapidly declining production profiles but rising costs . Additional consolidation and crackdown on

• government environmental pollution has shut significant amount of graphite production. Graphite declared critical strategic mineral in UK, EU and USA.

• ‣ Graphite is a significant component of many types of 10x more

• battery , particularly Li-ion which contain graphite than lithium in battery anode. Electric vehicles vehicle in batteries.

• can use up to 100kg graphite per

• ‣ Rapid growth taking place in EV’s causing shortages. Tesla recently announced plans for a US$5B Li-ion battery ‘ gigafactory ’ that alone will require the graphite equivalent to 6 new mines. Other manufacturers may compound shortage.

• ‣ new New applications creating markets; graphite and ,

• graphene pivotal role in future energy transport storage and performance via unique material properties.

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Closed graphite mines in China
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7

Talga’s Graphite Projects

• ‣ 100% ownership of five graphite projects with multiple deposits offering the full range of market size .

• specifications

• ‣ Two advanced stage projects in the development . These are drilled to JORC Indicated status

• pipeline and preliminary economic studies are underway; • Nunasvaara is a microcrystalline flake deposit with

• the highest JORC/NI43-101 resource grade in the world[1] . It is located within the Vittangi project.

• • Raitajärvi is a coarse flake deposit with 49% of flake classified large to jumbo size.

• ‣ At an earlier stage of drilling but exceptionally well located and containing >80% XL-size (jumbo) flake graphite is the Piteå project.

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1 See appendices for details of JORC (2004) resources and www.techmetalsresearch.com for world graphite resources grade comparison.

8

• Advantages of Sweden for Mining

• ‣ Ranked No.1 mining jurisdiction in world by Fraser Institute 2013-14 ‣ Corporate tax rate 22% , Mineral Production tax 0.2% ‣ Established bulk commodity infrastructure with open access rail, road and ports ‣ Low cost power from hydroelectricity and nuclear grid

• ‣ Well established mining province with highly skilled workforce and support industries -

• ‣ Hosts world class mineral deposits but remains under-explored relative to peers as foreign mineral ownership only allowed since 1992

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The ‘Aitik’ Cu-Au mine, northern Sweden. Owner; Boliden. Milling 36Mt annum ore.
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Logistics Advantages

• ‣ Talga’s projects located proximal to high quality sealed roads to

• and open-access heavy haulage railway with direct link Europe markets . No shipping required.

• ‣ cost Major advantage on delivery compared to shipments from other jurisdictions.

• ‣ EU consumes 20% of world’s natural graphite production, and imports 95% of its needs (vast majority from China).

• ‣ EU has classified graphite as a “critical raw material”.

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Öresund Bridge road/rail tunnel linking Sweden to mainland Europe
Photo Mark Thompson/Talga Oct 2012
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Road through Nunasvaara project
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• Established mining district with extensive milling and transport infrastructure

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To Narvik
Magnetite
Concentrator
Magnetite
Concentrator
Kiruna magnetite mine and mill owned
by LKAB. Photo©Fredric Alm/LKAB
Magnetite
Concentrator
Magnetite
Concentrator
Svappavaara magnetite mine and mill
owned by LKAB. Photo©Fredric Alm/LKAB
To Luleå
Proposed Railway
Extension
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Magnetite
Concentrator
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Kaunisvaara magnetite mine and mill owned by Northlands AB. Photo©Northlands AB

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• Vittangi Project - Nunasvaara Graphite

• ‣ World’s highest grade JORC/NI43-101 resource[1] of (ASX:TLG 8 Nov 2012) 7.6Mt @ 24.4% graphite (“Cg”) (see appendix).

• ‣ Resource mineralisation from surface to 165m depth and remains 20m over 1.2km strike and remains

• open . Average true width open along strike . Mapped unit >15km in TLG 100% control.

• ‣ Graphite unit hosted within atypically low metamorphic grade volcanic greenstones with potentially unique mineralogy. Robust outcropping high grade resource makes low-cost potential in both ultrafine to fine graphite and bulk graphene market.

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Section 1800N
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Talga Resources

Nunasvaara Mineral Resource[1] (10% Cg lower cut-off grade)

JORC 2004 Tonnes Grade Contained Classification (Mt) (%Cg) Graphite (tonnes) Indicated 5.6 24.6 1,377,600 Inferred 2.0 24.0 480,000 Total 7.6 24.4 1,857,600

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Growth potential and logistics advantages

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~~TALGA~~ R E S O U R C E S

• ‣ Graphite unit outcrops in part and is 15km strike .

• mapped over at least 100% controlled by TLG.

• ‣ Sampling by Talga of the outcropping unit averaged 26.2% Cg with grades .

• up to 46.7% Cg

• ‣ Less than 8% of graphite unit drill tested to date.

• ‣ Development advantages of exceptional grade , open-pit bulk mining option, low-cost grid power and nearby road/rail/port options (3km to road, 25km to rail).

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Kiruna Iron Mine
Svappavaara Iron Mine
NUNASVAARA
RESOURCE
Graphite Unit open
15km strike
Railhead
Sealed
Highway
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• Unique Graphene Production Ability Nunasvaara has unique advantage to potentially produce bulk quantity graphene at ultra-low cost

• ‣ The common path to graphene production from natural graphite ore involves multiple stages of crushing, milling and flotation to form a concentrate that is purified before entering further steps including electrode forming, oxidation and reduction to reach saleable graphene.

• ‣ These add costs while the stages damaging quality of the graphene, and market .

• lowering price shrinking applications

• ‣ Talga’s economic advantage is that Nunsvaara ore does not need multiple . Because of the characteristics of the ore

• stage processing unique , both graphite and graphene can be liberated from the ore in a single step process.

• ‣ different and cost This enables Talga to enjoy a vastly production capital structure compared to other producers globally, and represents a paradigm bulk .

• shift in the production outlook for graphene

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RAW
GRAPHITE
ORE
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CRUSH
TALGA
R E S O U R C E S
GRIND
RAW
GRAPHITE
ORE
FLOTATION
1-5 STEPS
PROCESS
1 STEP
GRAPHENE CONCENTRATE
PURIFY
1-5 STEPS
MIX / BIND
ELECTRODE
PROCESS
1-16 STEPS
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GRAPHENE
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14
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Dual Graphite/Graphene Production Option On 19 Feb 2014 Talga announced exceptional results from new metallurgical testwork on Nunasvaara graphite ore. Key conclusions of the testwork include:

• ‣ A 1-step process using electric current applied directly to uncrushed / unpurified Nunasvaara ore can liberation of and .

• cause rapid graphite graphene without physical milling

• ‣ Single to few layered graphene is produced without oxidation or sonication and therefore retains a pristine high quality state not commonly possible at high yield bulk scale potential (defect-to-layer ratio <0.25). The liberated graphite and waste products can undergo a concentration step to produce graphite almost a .

• concentrate for sale, making the graphene byproduct

• ‣ Nunasvaara ore has , structure (massive texture) and that extraordinary properties of grade mineralogy - -

• enable the process to happen. This may be unique globally for large scale open cut graphite ores and shift in the cost structure bulk .

• suggests a ground breaking to produce graphene 10% graphene

• 1-Step

• current uncrushed Comminution

• resource ore

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10%
graphene
1-Step
uncrushed
Comminution
ore
graphite
graphite
90% concentrator
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15

Worldwide patent applications by publication year. From Intellectual Property Office UK, Graphene Patent Landscape 2013

• Graphene Market Growing fast. Massive development underway.

• ‣ Graphene is the world’s first quasi-2D material and has superlative characteristics in electrical and thermal conductivity, strength, lightness, transparency and flexibility. Exponential patent growth evidences development curve but mainstream market in infancy and awaiting lower cost supply (costs range widely $100kg to $1500kg or more depending on supply, quality and performance factors)

• ‣ Mainstream is focussing on ‘high-tech’ uses such as ‘bendy’ LCD screens and quantum computers but larger volumes required for super-capacitors, conductive inks, 3-d printing and bulk material additives.

• ‣ Research[2] has demonstrated small amounts of graphene ( 0.05-2% ) added to common bulk materials can impart exponential increases in cement

• strength with less weight e.g. (global consumption 3,300Mt/ ann), and aluminium (45Mt). Similar additions of graphene to steel (840Mt) can impart anti-corrosion properties and plastics (100Mt) can become conductive, causing increased outlook for graphene demand.

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Plastics 100
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Aluminium 45

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Nunasvaara - summary 12 month development plan
‣
Nunasvaara’s JORC Indicated resource is ideally situated for fast-tracking to development. Next steps are upscaling
metallurgical work to complete dual graphite/graphene scoping study in Q3 2014 and a bulk sample to be processed
through a pilot plant in 2015. Sales of graphene from any stage will be sought to potentially make the process self
sustaining and minimise funding requirements on path to development milestones/full scale construction.
Q2 Q3 Q4 Q1 2015
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Phase 2 metallurgy
Expand Development Team
Catalyst
Phase 2 metallurgy results optimising/ongoing
Bulk Sample Permit Commences Enviro/Social Surveys Ongoing
Commercial samples/agreements Samples from Metwork Phases/Ongoing
Catalyst
Completion Scoping Study Using inputs from metwork, engineering and commercial
Exploitation Permitting Commence Enviro/Social Surveys Ongoing
Metallurgical/Geotechnical drilling PQ core program
Catalyst
Exploration growth target drilling Selected high grade zones along strike Nunasvaara
Catalyst
Phase 3 metallurgical tests Large core samples/graphene samples 2
Engineering update/PFS prep pilot plant design and optimisation/construct
Bulk Sample Permit Approvals Permitting for mining bulk sample/PFS pilot plant in Q3
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Other Graphite Projects - Resource Raitajärvi

• ‣ Current total JORC 2004 resource[1] of 4.3Mt @ 7.1% Cg, .

• open and less than 25% of EM anomaly drill tested

• ‣ A high proportion of resource is coarse flake. 87% >100 micron and 49% >200 micron .

• ‣ Historic metallurgical tests produced graphite concentrate grading 90-94% C from simple (unoptimised) flotation and 99% C in basic enrichment test.

• ‣ located 2km from the Överkalix - Advantageously Övertorneå and 25km to town ,

• Highway grid power .

• and railway, 130km to port

• ‣ Targeting 10-20,000t/annum capable deposit to be second producer for Talga. Further metallurgy for graphite flake/graphene potential will be assessed as developments at Nunasvaara continue.

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RAITAJÄRVI
RESOURCE
EM anomaly/Graphite Unit
Grid Power
Sealed Highway
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Raitajärvi Mineral Resource[1] (5% Cg lower cut-off)

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JORC 2004 Tonnes Grade Contained
Classification (Mt) (%Cg) Graphite (t)
Indicated 3.4 7.3 246,400
Inferred 0.9 6.4 60,900
Total 4.3 7.1 307,300
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Raitajärvi graphite flake size

< 100µm 100-200µm 200-400µm >400µm 13% 38% 38% 11%

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Piteå Jumbo Flake Project

• ‣ 3 historic drillholes targeting base metals intercepted coarse flake graphite within a 4 x 1km EM anomaly.

• ‣ 80% of flake graphite at Piteå exceeds 300 µm size i.e. 80% +50 mesh, aka “jumbo”.

• ‣ Such large flake graphite is premium product for spherical graphite production and commands higher prices (>$1700/t, see Appendix).

• ‣ Blue sky growth project located on sealed road 50km from port of Piteå and adjacent to grid power.

• ‣ Location and size advantages worth exploring. ‣ Plan to expand target zone prior to stage 2 drill testing.

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Luleå Town
and Port
Piteå Town
and Port
50km to port/rail
Sealed Highway
Grid Power
Railway
Railway
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Coarse flake graphite present in historic drill core from the Piteå
project stored at the SGU. Hole ÖNU89001, 44.2m depth.
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• Talga’s Graphite Development Advantages R E

• ‣ Highest grade JORC/NI43-101 graphite resource in world.

• ‣ World-first single step graphite/graphene production option.

• ‣ Low cost capex and bottom of production cost curve expected.

• ‣ Advanced stage PEAS underway; further major drilling not required.

• ‣ Massive growth profile ; dominant land position on drilled EU graphite deposits. ‣ Located on road and rail routes to major markets. -

• ‣ Highly ranked low risk mining and corporate jurisdiction, Sweden. Catalysts/Events

• ‣ Next stage dual graphite/graphene testwork and upscaling in Q2. ‣ Graphite and graphene samples for commercial and strategic partners ongoing.

• ‣ Scoping study results with dual graphite/graphene focus in Q3.

~~TALGA~~ R E S O U R C E S

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Wimmer&Financial& Disclaimer To get further information or register interest in a divestment project contact: Mark Thompson - Managing Director 1st Floor, 2 Richardson St West Perth WA 6005 Australia Tel +61 89481 6667 admin@talgaresources.com www.talgaresources.com

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ASX: TLG

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Appendices Talga Asset Structure and JORC (2004) Resources*

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TALGA
R E S O U R C E S
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TALGA RESOURCES LTD

100%

1 Note: This information was prepared and first disclosed under the JORC code 2004. It has not been updated since to comply with the JORC code 2012 on the basis that the information has not materially changed since it was last reported. The Company is not aware of any new information or data that materially affects the information included in the previous announcement and that all of the previous assumptions and technical parameters underpinning the estimates in the previous announcement have not materially changed.

Talga Mining Pty Ltd

100%

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the estimates in the previous announcement have not materially changed.
Swedish Branch
100% 100%
IRON
GRAPHITE
Iron Mineral Resources @ 20% Fe lower cut-off July 2013
Tonnes Grade
Nunasvaara Graphite Mineral Resource @ 10% Cg lower cut-off Nov 2012
Deposit JORC Category
(Mt) %Fe
Tonnes Graphite
Classification
Vathanvaara 51.2 36.0 Inferred Resource
(Mt) (%Cg)
Kuusi Nunasvaara 46.1 28.7 Inferred Resource
Indicated 5.6 24.6
Mänty Vathanvaara 16.3 31.0 Inferred Resource
Inferred 2.0 24.0
Sorvivuoma 5.5 38.3 Inferred Resource
Total 7.6 24.4
Jänkkä 4.5 33.0 Inferred Resource
Raitajärvi Graphite Mineral Resource @ 5% Cg lower cut-off Aug 2013
Masugnsbyn 87.0 28.3 Indicated Resource
Tonnes Graphite
Classification Masugnsbyn 25.0 29.5 Inferred Resource
(Mt) (%Cg)
Total 235.6 30.7
Indicated 3.4 7.3
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Nunasvaara Graphite Mineral Resource @ 10% Cg lower cut-off Nov 2012

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Tonnes Graphite
Classification
(Mt) (%Cg)
Indicated 5.6 24.6
Inferred 2.0 24.0
Total 7.6 24.4
Raitajärvi Graphite Mineral Resource @ 5% Cg lower cut-off Aug 2013
Tonnes Graphite
Classification
(Mt) (%Cg)
Indicated 3.4 7.3
Inferred 0.9 6.4
Total 4.3 7.1
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Appendices

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Trade Name microns US Mesh Size
<10 na
Amorphous/Ultrafine
Amorphous/Fine 10-75 -200
Small 75-150 200-100
Medium 150-180 100-80
Large 180-300 80-50
XL/Jumbo >300 50+
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Source: Industrial Minerals Natural Graphite Report 2012 cross referencing various sources. Many terms are proprietary or mixed use; there are few if any industry standards in naming principles.

Common natural graphite concentrate product sizes, grades and prices

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Size Size Purity Quote
(microns) US Mesh % C US $/tonne
300+ 50+ 94-97 >1700
94-97 1275
180-300 80-50
90 1125
94-97 1100
150-180 100-80 90 950
85-87 750
94-97 900
75-150 200-100
90 775
-75 -200 80-85 525
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Source: Industrial Minerals Magazine Mar 2014. Most prices FCL, CIF European Port.

Note prices averaged from low-high range and selected as common commercial products where natural graphite sold as concentrate. Many specialty grades with much higher prices are traded but do not represent the bulk of market demand.

23

References & Qualified Persons

1 Resource Note: All Talga owned resources referred to in this report are based on information prepared and first disclosed under the JORC code 2004. They have not been updated since to comply with the JORC code 2012 on the basis that the information has not materially changed since it was last reported. The Company is not aware of any new information or data that materially affects the information included in the previous announcement and that all of the previous assumptions and technical parameters underpinning the estimates in the previous announcement have not materially changed. 2 Research references

Graphene in concrete “Materials Genome for Graphene-Cement Nanocomposites for Infrastructure Applications”; Hunain Alkhateb et al Department of - - - Civil Engineering, University of Mississippi USA plus see http://www.monash.edu.au/assets/pdf/industry/graphene oxide reinforced concrete.pdf Graphene in aluminium “Reinforcement with graphene nanosheets in aluminum matrix composites”. Wang, J et al (2012). Scripta Materialia, 66 (8). - Graphene in plastics “Graphene Nanoplatelets: A Multi functional Nanomaterial Additive for Polymers and Composites” (2013) Lawrence T. Drzal, Chief Scientist XG Sciences, Inc. Professor, Chem Engin and Materials Science Michigan State University

Graphene on iron/steel “Hybrid nanocomposite coatings for corrosion protection of low carbon steel: A substrate-integrated and scalable active–passive - - - - - - with to approach,” (2011) G.K. Rout et al, J. Mater. Res., 26, 837–44 and see http://www.steeltimesint.com/news/view/tata partners epsrc develop - - coated steels. graphene

Competent Person’s Statement

The information in this report that relates to Exploration Results is based on information compiled and reviewed by Mr Mark Thompson, who is a member of the Australian Institute of Geoscientists. Mr Thompson, an employee of the Company, has sufficient experience which is relevant to the activity which is being undertaken to qualify as a "Competent Person" as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (“JORC Code”). Mr Thompson consents to the inclusion in the report of the matters based on this information in the form and context in which it appears.

The information in this report that relates to Resource Estimation is based on information compiled and reviewed by Mr Simon Coxhell of CoxsRocks Pty Ltd. Mr Coxhell is a consultant to the Company and a member of the Australian Institute of Mining and Metallurgy. Mr Coxhell has sufficient experience relevant to the styles of mineralisation and types of deposits which are covered in this document 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 of Exploration Results, Mineral Resources and Ore Reserves” (“JORC Code”). Mr Coxhell consents to the inclusion in this report of the matters based on this information in the form and context in which it appears.

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