ZEOTECH LIMITED — Investor Presentation 2017

Oct 24, 2017

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www.laconia.com.au

Disclaimer and JORC Compliance Statements

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Forward Looking Statements

Certain statements contained in this presentation, including information as to the future financial or operating performance of Laconia Resources Limited and its projects, are forward-looking statements. Such forward-looking statements: are necessarily based upon a number of estimates and assumptions that, whilst considered reasonable by Laconia Resources Limited, are inherently subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies; involve known and unknown risks and uncertainties that could cause actual events or results to differ materially from estimated or anticipated events or results reflected in such forward-looking statements; and may include, among other things, statements regarding targets, estimates and assumptions in respect of metal production and prices, operating costs and results, capital expenditures, ore reserves and mineral resources and anticipated grades and recovery rates, and are or may be based on assumptions and estimates related to future technical, economic, market, political, social and other conditions.

Laconia Resources Limited disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise. The words “believe”, “expect”, “anticipate”, “indicate”, “contemplate”, “target”, “plan”, “intends”, “continue”, “budget”, “estimate”, “may”, “will”, “schedule” and other similar expressions identify forward-looking statements. All forward-looking statements made in this presentation are qualified by the foregoing cautionary statements. Investors are cautioned that forward-looking statements are not guarantees of future performance and accordingly investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.

JORC Code Compliance - Competent Person Statement

The information in this presentation that relates to the Kraaipan and Kraaipan West projects is based on and fairly represents, information and supporting documentation prepared and/or reviewed by Dr Quinton Hills, who is a Member of the Australasian Institute of Mining and Metallurgy (No. 991225). Dr Hills is an employee of Laconia Resources Limited and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity currently 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’. Dr Hills consents to the inclusion in this presentation the matters based on his information in the form and context in which it appears.

References

Hammond, N. Q. and Moore, J. M., 2006. Archaean lode gold mineralisation in banded iron formation at the Kalahari Goldridge deposit, Kraaipan Greenstone Belt, South Africa. Miner Deposita (2006) 41: 483–503.

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Laconia Resources Limited Company Snapshot

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ASX Code:

LCR 266,035,106 ~$9M ~$1.6M

Shares on issue: Market Capitalisation @ $0.034:

Cash : (at 30/9/2017)

Top 20 Shareholders 40% Board and Management 10.4%

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Options on Issue:

Listed Options Ex Sep-18 @ 60c 34,378,842 Unlisted - Performance Shares/Opt Ex Sep 18 @ 14c 2,050,000

Milestone Shares (Project Vendors)

JORC Mineral Resource of 250koz AuEq = $500k at 5 Day VWAP before ASX resource ann. JORC Mineral Resource of 500koz AuEq = $1M at 5 Day VWAP before ASX resource ann. JORC Mineral Resource of 750koz AuEq = $1M at 5 Day VWAP before ASX resource ann. JORC Mineral Resource of 1Moz AuEq = $1M at 5 Day VWAP before ASX resource ann.

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Kraaipan Project is held through LCR’s 100% owned Botswanan subsidiary: South East Metals (Pty) Ltd

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LCR Directors and Senior Management

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Robert Downey, Non-Executive Chairman B.Ed., LL.B (Hons)

Mr Downey is a qualified solicitor who has practised mainly in the areas of international resource law, corporate law and initial public offerings, as well as mergers and acquisitions. He has extensive experience as an advisor, founder and director of various ASX, TSX and AIM companies. Mr Downey is currently a partner at Dominion Legal, a boutique law firm in Perth.

Neville Bassett, Company Secretary and Non-Executive Director B.Bus., FCA

Mr Bassett is a Chartered Accountant, specialising in the area of corporate, financial and management advisory services. Mr Bassett has been involved with numerous public company listings, capital raisings and mergers and acquisitions. Mr Bassett has experience in matters pertaining to the Corporations Act, ASX listing requirements, corporate taxation and finance. He is a director or company secretary of a number of public and private companies. Mr Bassett is currently also non-executive Chairman of Ram Resources Limited, non-executive Director of Meteoric Resources NL and Vector Resources Limited.

Jeremy Read, Non-Executive Director B.Sc. (Hons), MAusIMM

Jeremy Read is a seasoned minerals resource industry executive, having worked on a broad range of precious and base metals projects in Australia, Africa, North America, India and Scandinavia. He has been the Managing Director of four ASX listed resource companies. Mr. Read has also listed companies on the AIM and Botswana Stock Exchange. Mr Read has extensive exploration experience for gold, nickel sulphides, and copper. Jeremy spent 11 years working for BHP in Africa and Australia but since 2003 has concentrated on developing junior mineral resource companies, creating and capturing value for shareholders.

Dr Quinton Hills, CEO Ph.D, M.Sc., B.Sc., MAusIMM

Dr Hills is a geologist and minerals industry executive with 15 years experience in project generation, exploration and project development across a broad range of base and precious metals in Australia, Botswana and Sweden. Dr Hills has been the Exploration Manager for three ASX-listed junior mineral resource companies. He has a Ph.D in Structural Geology with extensive experience in multiply deformed and highly metamorphosed terranes and is an expert in exploration concept/target generation.

Mr Fred Nhiwatiwa, Country Manager – Botswana M.Sc., B.Sc., MAusIMM

Mr Nhiwatiwa is an experienced and skilled Exploration and Business Development Manager with 24 years’ experience in Mineral Exploration, Resource Development and Business Development, most of which has been within Botswana. Mr Nhiwatiwa has managed two projects in Botswana from exploration through to mining (Boseto Copper Mine and Mupane Gold Mine).

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Kraaipan Gold-Nickel-Copper-PGM Project

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INTRODUCTION

• Unique and exciting opportunity to explore 1,896km[2] of highly prospective greenstone belt in Africa’s premier mining jurisdiction, Botswana .

• ~50km of the Kraaipan Greenstone Belt ; 45km north and along strike of Harmony’s Kalgold Mine (~4 million oz gold pre-mining resource)[1] .

• Same geological terrane hosts the Kalplats Project (~6.5 million oz of 3E PGM)[2] , so also prospective for PGMs, nickel and copper mineralisation associated with mafic/ultramafic rocks.

• Exploration activities so far provide an almost tenurewide coverage of the prospective greenstone by Geochemical and Geophysical survey data. Results indicate several high priority, anomalous areas to be followed up.

• Opportunity to apply successful ‘transported cover’/‘undercover’ exploration techniques that are tried and tested in Australia to an exciting, well endowed but poorly explored Greenstone Belt.

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1. 2010 Mineral Resources and Mineral Reserves Report for Harmony Gold Mining Company Ltd (JSE: HAR) 2. 2016 Mineral Resources and Mineral Reserves Report for African Rainbow Minerals (JSE: ARI)

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Kraaipan Gold-Nickel-Copper-PGM Project

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HISTORIC GOLD EXPLORATION

• Historic exploration only completed on a small section of outcropping greenstones in the south.

• Historic soil and rock chip geochemical reconnaissance surveys identified gold anomalism associated with BIF rocks:

• Best rock chip assay results: 36g/t Au, 9.9g/t Au, 7.4g/t Au & 6.9g/t Au.

• 47 out of 224 samples resulted in assays greater than 1g/t Au = Over 20%

• These geochemical anomalies were followed up with a first pass drill program of 74 RAB holes for 3,631m*. Highlights:

• KP037: 13m @ 1.7g/t Au from 11m,

• including 3m @ 5.1g/t Au;

• KP052: 21m @ 1.0g/t Au from 6m,

• including 5m @ 2.3g/t Au

• KP077: 9m @ 1.1g/t Au from 17m,

• including 4m @ 2.3g/t Au

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*See LCR ASX announcement on the 31/01/2017 for JORC Table 1 for drilling results

Kraaipan Gold-Nickel-Copper-PGM Project

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Kalgold-Kraaipan Analogous Geological Setting

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Kraaipan Gold-Nickel-Copper-PGM Project

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EXPLORATION STRATEGY

Geochemistry

• Analyse selected subset of the regional soil survey samples for low detection Au & PGMs as well as ‘Pathfinder’ elements e.g. Cu, Zn, As, Bi, Ag and Hg. Complete!

Geophysics

• Reinterpret/Review historic VTEM/MLEM Survey data for anomalies with characteristics of gold related sulphide deposits or a Ni-Cu-PGM massive sulphide deposits. Complete!

• Reinterpret and model historic Aeromagnetic Survey data for possible structural zones that could host gold mineralisation.

Complete!

Drilling

• Drill test highest ranked targets generated by the geochemical/geophysical results. Starts November!

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Kraaipan Gold-Nickel-Copper-PGM Project

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EXPLORATION RESULTS

Northwest Sector (ASX Ann: 11/9/2017)

• Discreet, highly anomalous gold zone of at least 1.4km and to 600m wide from northwest long up

• sector soil assay results.

• Open along strike to the northwest and southeast.

• Gold anomaly coincides with highly magnetic rocks (e.g. BIFs), the most common host rocks for gold mineralised veins in this terrane.

• Spatially associated with the EM Target KB01, which could be due to pyrrhotite/pyrite altered Banded Iron Formation rocks associated with gold mineralisation (e.g. Hill 50, Westralia, Bounty)

• • Also anomalous for several pathfinder elements such as Ag, As, Bi, Cu, Mo and Zn

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Kraaipan Gold-Nickel-Copper-PGM Project

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EXPLORATION RESULTS

Northeast Sector (ASX Ann: 26/9/2017)

• Four anomalous gold zones identified from the assay results from the northeast sector soil samples.

• The largest of the gold anomalous zones (NE001) is at least 3km long and up to 750m wide.

• Gold anomalous zones strike ENE to WSW, consistent with the orientation of outcropping, gold bearing quartz veins in the south of the project area.

• Best gold anomalies coincide with interpreted highly magnetic rocks, the most common host rocks for gold mineralised veins in this terrane.

• Also variably anomalous for several pathfinder elements such as Ag, As, Bi, Cu, Mo and Zn.

• NE001 also anomalous for Ni-Cu-PGMs (ASX Ann: 2/10/2017).

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Kraaipan Gold-Nickel-Copper-PGM Project

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EXPLORATION RESULTS

Central Sector (ASX Ann: 26/9/2017)

• 3km to 150m wide long, up gold anomaly,

• associated with Electromagnetic (‘EM’) Target KB05, identified from the soil sample assay results.

• KB05 and gold anomaly coincide along north-south trending Banded Iron Formation (BIF) rocks, the most common host rocks for gold mineralised veins in this terrane.

• A second, over 4km long, up to 200m wide gold anomaly has also been identified and is associated with a fold hinge of the BIF rocks.

• Several other gold anomalies also identified within the central sector.

• Also variably anomalous for several pathfinder elements such as Ag, As, Bi, Cu, Mo and Zn

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Kraaipan Gold-Nickel-Copper-PGM Project

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EXPLORATION RESULTS

KB01 and KB05

• KB01 and KB05 are two of the high priority EM targets identified from the historic VTEM survey.

• KB01 and KB05 are both associated with anomalous gold zones.

• • KB01 and KB05 are also associated of zones of decreased magnetisation within the overall relatively high magnetic anomaly.

• Could indicate that BIF rocks have been subjected to magnetite destruction via pyrrhotite/pyrite alteration associated with gold mineralisation (i.e. Hill 50, Westralia, Bounty).

• As the highest priority targets defined so far, these two targets will be drilled first.

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Figure: Detailed 3D magnetic model of the area surrounding KB01. Viewed from above. Isosurfaces of susceptibility (+0.03SI light pink, +0.12SI pink, +0.5SI orange, +2.0SI brown) and KB01 modelled plate in green.

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Kraaipan Gold-Nickel-Copper-PGM Project

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Summary

• Unique and exciting opportunity to explore a very large areaof a well-endowed and highly prospective greenstone belt in Africa’s premier mining destination, Botswana.

• ~50km length of the Kraaipan Greenstone Belt; situated 45km north, along strike and within the same geological units as Harmony’s Kalgold Mine (~4 million oz gold pre-mining resource[1] ).

• Same terrane hosts the Kalplats Project (~6.5 million oz of 3E PGM[2] ) and is therefore, interpreted to also be highly prospective for nickel, copper and PGM mineralisation.

• Historic exploration, only completed in outcropping areas, resulted in very encouraging gold bearing drill intersections.

• Opportunity to apply very well developed Yilgarn Goldfields exploration techniques in a terrane with very similar geology.

• Several highly prospective exploration targets generated from geochemical and/or geophysical data, several of which will be drilled in November-December this year.

• This opportunity has strong parallels with what Gold Road Resources set out to achieve in the Yamarna Greenstone Belt e.g. focus on a large, poorly explored and relatively ignored greenstone terrane

KRAAIPAN could host the next GRUYERE GOLD DEPOSIT!

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1. 2010 Mineral Resources and Mineral Reserves Report for Harmony Gold Mining Company Ltd (JSE: HAR) 2. 2016 Mineral Resources and Mineral Reserves Report for African Rainbow Minerals (JSE: ARI)

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Contact Details

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Dr nton Hills Qui inton laconia.com.au qu @ Phone: +61 8 6268 2688 ASX: LCR

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