VOLT RESOURCES LIMITED — Investor Presentation 2017

Jun 19, 2017

==> picture [332 x 443] intentionally omitted <==

Trevor Matthews

==> picture [562 x 5] intentionally omitted <==

Disclaimer

The information contained in this confidential document (“Presentation”) has been prepared by Volt Resources Limited (the “Company”). It has not been fully verified and is subject to material updating, revision and further amendment.

While the information contained herein has been prepared in good faith, neither the Company nor any of its shareholders, directors, officers, agents, employees or advisers give, have given or have the authority to give, any representations or warranties (express or implied) as to, or in relation to, the accuracy, reliability or completeness of the information in this Presentation, or any revision thereof, or of any other written or oral information made or to be made available to any interested party or its advisers (all such information being referred to as “Information”) and liability therefore is expressly disclaimed. Accordingly, neither the Company nor any of its shareholders, directors, officers, agents, employees or advisers take any responsibility for, or will accept any liability whether direct or indirect, express or implied, contractual, tortious, statutory or otherwise, in respect of, the accuracy or completeness of the information or for any of the opinions contained herein or for any errors, omissions or misstatements or for any loss, howsoever arising, from the use of this Presentation.

Neither the issue of this Presentation nor any part of its contents is to be taken as any form of commitment on the part of the Company to proceed with any transaction and the right is reserved to terminate any discussions or negotiations with any prospective investors. In no circumstances will the Company be responsible for any costs, losses or expenses incurred in connection with any appraisal or investigation of the Company. In furnishing this Presentation, the Company does not undertake or agree to any obligation to provide the recipient with access to any additional information or to update this Presentation or to correct any inaccuracies in, or omissions from, this Presentation which may become apparent.

This Presentation should not be considered as the giving of investment advice by the Company or any of its shareholders, directors, officers, agents, employees or advisers. Each party to whom this Presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. In particular, any estimates or projections or opinions contained herein necessarily involve significant elements of subjective judgement, analysis and assumptions and each recipient should satisfy itself in relation to such matters.

Neither this presentation nor any copy of it may be (a) taken or transmitted into the United Kingdom, Canada, Japan or the United States of America, their territories or possessions; (b) distributed to any U.S. person (as defined in Regulation S under the United States Securities Act of 1933 (as amended)) or (c) distributed to any individual outside Australia, Canada or Japan who is a resident thereof in any such case for the purpose of offer for sale or solicitation or invitation to buy or subscribe any securities or in the context where its distribution may be construed as such offer, solicitation or invitation, in any case except in compliance with any applicable exemption. The distribution of this document in or to persons subject to other jurisdictions may be restricted by law and persons into whose possession this document comes should inform themselves about, and observe, any such restrictions. Any failure to comply with these restrictions may constitute a violation of the laws of the relevant jurisdiction.

Competent Person’s Statement

The information in this report that relates to Exploration Targets, Exploration Results is based on information compiled by Mr Matt Bull, a Competent Person who is a member of Australian Institute of Geoscientists. Mr Bull is a Director of Volt Resources. Mr Bull 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 ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Matt Bull consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

==> picture [303 x 206] intentionally omitted <==

The information in this report that relates to Mineral Resources is based on information compiled by Mark Biggs, a Competent Person who is a Member of the Australasian Institute of Mining and Metallurgy. Mark Biggs is a Director of ROM Resources Pty Ltd. Mark Biggs 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 ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mark Biggs consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

The information in this report that relates to Ore Reserves is based on information compiled by Mr Andrew Law, a Competent Person who is a Fellow and Chartered Professional of the Australian Institute of Mining and Metallurgy. Mr Law is a Director of Optiro. Mr Law has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Mineral Resources and Ore Reserves’. Mr Law consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

==> picture [84 x 120] intentionally omitted <==

==> picture [141 x 104] intentionally omitted <==

==> picture [379 x 475] intentionally omitted <==

==> picture [50 x 47] intentionally omitted <==

==> picture [48 x 47] intentionally omitted <==

==> picture [48 x 47] intentionally omitted <==

==> picture [48 x 48] intentionally omitted <==

==> picture [48 x 48] intentionally omitted <==

World class project

Experienced board and management

Strong project economics

Growing market in two distinct sectors

…and we work to a plan!

==> picture [429 x 540] intentionally omitted <==

GRAPHITE: Critical for our future

Battery anodes (spheroidised graphite) China: leading the charge in energy storage Increasing demand for lithium ion batteries – expected to more than treble in 4 years

==> picture [429 x 540] intentionally omitted <==

GRAPHITE:

Critical for our future

Insulation (expandable graphite) China, Europe, Korea and Japan: Increased government regulations*

*Banned: Halogens (bromides)

*Required: Flame-retardant insulation foam Increasing demand for expandable graphite

==> picture [429 x 540] intentionally omitted <==

GRAPHITE:

Critical for our future

Graphene

200 times stronger than steel, thinner than a sheet of paper, more conductive than copper

Named a "supply critical mineral" and a "strategic mineral" by the United States and the European Union

Pioneering agreements pave the way INTO NEW MARKETS

==> picture [71 x 71] intentionally omitted <==

Agreement

==> picture [71 x 71] intentionally omitted <==

Market/ Product

==> picture [157 x 123] intentionally omitted <==

==> picture [153 x 123] intentionally omitted <==

==> picture [116 x 100] intentionally omitted <==

==> picture [23 x 22] intentionally omitted <==

==> picture [23 x 22] intentionally omitted <==

One of China’s leading China’s largest building graphite groups materials group

Conductivity and purity

Battery anode Expandable focused Graphene: material processing concentrate offtake, concentrate offtake and concentrate offtake construction support and financing

Refer to Volt’s ASX announcements titled “Binding Off-take Agreement with US Group” dated 3 March 2017; “Cooperation Agreement with Leading Chinese Graphite Group” dated 22 May 2017; “Cooperation Agreement with CNBM” dated 16 June 2017

==> picture [88 x 17] intentionally omitted <==

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

Offtakes
----- End of picture text -----

==> picture [72 x 71] intentionally omitted <==

==> picture [608 x 238] intentionally omitted <==

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

A position of
ongoing financial
and strategic
STRENGTH
Development Funding
----- End of picture text -----

==> picture [72 x 71] intentionally omitted <==

Our new strategic plan is based on SCALABILITY AND DEMAND

==> picture [482 x 5] intentionally omitted <==

==> picture [900 x 336] intentionally omitted <==

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

STAGE 1
2017 2018
Production of
20,000tpa
concentrate
Q2/3 Q1
Offtakes & funding
Expansion feasibility
study complete
Q3 Volt transitions
Mining licenses approved to a ‘Producer’
Q2/3
Q4
Commission and
Complete Stage 1 DFS
ramp up Stage 1
Q4 Q2/3
Commence Stage 1 construction Cashflows commence
----- End of picture text -----

Our new strategic plan is based on SCALABILITY AND DEMAND

==> picture [482 x 5] intentionally omitted <==

==> picture [180 x 175] intentionally omitted <==

==> picture [203 x 81] intentionally omitted <==

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

2017 2018
----- End of picture text -----

==> picture [347 x 158] intentionally omitted <==

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

STAGE 2 Approx.
2020
100,000tpa
offtake
Three non-binding
MoU’s will contribute
to expansion [1]
----- End of picture text -----

1. Refer to Volt’s ASX announcements titled“Off-Take MOUs with Leading End-User Groups and Placement” dated 16 June 2017. Counterparties are Optimum Nano 60,000tpa, Huzhou Chyangya 20,000tpa and Shenzhen Sinuo 20,000tpa.

==> picture [68 x 68] intentionally omitted <==

==> picture [68 x 68] intentionally omitted <==

==> picture [68 x 69] intentionally omitted <==

High conductivity

No deleterious elements

Upgrades easily

==> picture [69 x 68] intentionally omitted <==

==> picture [69 x 68] intentionally omitted <==

99.95% TGC achieved using conventional purification techniques

Selected by Nano Graphene based on graphite properties

Volt’s superior QUALITY GRAPHITE

==> picture [278 x 5] intentionally omitted <==

==> picture [229 x 229] intentionally omitted <==

==> picture [47 x 47] intentionally omitted <==

==> picture [153 x 59] intentionally omitted <==

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

Largest ore reserve
compared with peers
127Mt@4.4%TGC
----- End of picture text -----

==> picture [232 x 238] intentionally omitted <==

==> picture [48 x 47] intentionally omitted <==

==> picture [154 x 75] intentionally omitted <==

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

Second largest
mineral resource
(largest in Tanzania)
461Mt@4.9% TGC
----- End of picture text -----

==> picture [212 x 5] intentionally omitted <==

A WORLD CLASS project with value and scale

Refer to Volt’s ASX announcement titled ‘Pre-feasibility Study Completed” dated 15 December 2016. The Company confirms that it is not aware of any new information or data that materially affects the information included in this document and that all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed.

The company confirms that it is not aware of any new information or data that materially affects the information included in this document and that all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed. As described in ASX Announcement “Pre-Feasibility Study Completed dated 15 December 2016. Volt JORC Resource 286Mt @4.9%TGC Inferred, 155Mt@5%TGC Indicated, 20Mt @ 5.3% TGC Measured. Volt JORC Ore Reserve 19.3Mt@4.32%TGC Proved, 108.1Mt@4.36%TGC Probable.

==> picture [212 x 5] intentionally omitted <==

The investment: FINANCIALS

==> picture [30 x 29] intentionally omitted <==

==> picture [47 x 48] intentionally omitted <==

Financially attractive (PFS) 1.4 year payback period 66.5% IRR US$890M NPV10

==> picture [30 x 30] intentionally omitted <==

==> picture [102 x 186] intentionally omitted <==

==> picture [29 x 30] intentionally omitted <==

==> picture [48 x 48] intentionally omitted <==

Strong project margins Annual OPEX US$93M Average annual EBITDA US$195m

Refer to Volt’s ASX announcement titled ‘Pre-feasibility Study Completed” dated 15 December 2016. The Company confirms that it is not aware of any new information or data that materially affects the information included in this document and that all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed.

The company confirms that it is not aware of any new information or data that materially affects the information included in this document and that all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed.

==> picture [960 x 540] intentionally omitted <==

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

Market
demand
Solid
investment
World class
resource
in the graphite
INVEST evolution
----- End of picture text -----

==> picture [67 x 67] intentionally omitted <==

Market demand Expandables: Flame retardant insulation foam Battery anode: High demand High-quality graphite: suited to virtually all markets

==> picture [60 x 65] intentionally omitted <==

==> picture [69 x 72] intentionally omitted <==

==> picture [67 x 67] intentionally omitted <==

World class resource

INVEST

==> picture [26 x 26] intentionally omitted <==

==> picture [76 x 89] intentionally omitted <==

==> picture [67 x 67] intentionally omitted <==

==> picture [26 x 26] intentionally omitted <==

in the graphite evolution

Solid investment

==> picture [774 x 324] intentionally omitted <==

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

Market
demand
Scalable development Solid
investment
Planned production
and sales in 2018
World class
resource
----- End of picture text -----

INVEST

in the graphite evolution

Market demand Strategic agreements in place + more being developed Solid High potential margins with investment relatively low production costs World class Development funding resource discussions progressing

in the graphite INVEST evolution

==> picture [332 x 443] intentionally omitted <==

Trevor Matthews