(TSX:LFX) 2017 ANNUAL GENERAL MEETING OF SHAREHOLDERS RE-IMAGINING LEAD June 28, 2017
FORWARD LOOKING STATEMENTS Certain statements contained in this Presentation are forward-looking information within developments, as well as other factors management believes are appropriate in the the meaning of applicable securities laws. All statements included herein (other than circumstances. However, whether actual results and developments will conform with management’s expectations is subject to a number of risks and uncertainties, including the statements of historical facts) which address activities, events or developments that management anticipates will or may occur in the future are forward-looking statements, potential benefits from the technology, the ability to deploy or prove up the technology on a including statements as to the following: the timing and length of care and maintenance at commercial scale, expected concentrate sales when in operations, the costs and other the Paroo Station mine or Burgin Mine and future sales, opportunities to sell excess real capital expenditures required to maintain operations and transportation, the timing, need estate, future targets and estimates for production and sales, the receipt and timing of and ability to raise any additional financing and the risks relating to ramping up mining and required additional financing to restart and operate the Paroo Station mine, statements milling throughput and operations, funding requirements, the need to secure approval of relating to the business and future activities of, and developments related to LeadFX and secured creditor and majority shareholder, operations being placed on care and its subsidiaries, including the development of water, lead, silver and industrial minerals and maintenance, the restart of mining and milling operations, matters relating to regulatory aggregates assets, future future business acquisitions, future lead production, the timing compliance and approvals, shareholder dilution from the warrants, matters relating to and future benefits of the transaction and agreement with InCoR Technologies Limited and public opinion, presence of a majority shareholder and management services agreements InCoR Energy Materials Limited, the anticipated benefits of the technology at Paroo with Enirgi Group, matters related to the Esperance settlement and shipments through the Station, the possible extension of mine life from application of the technology, the Port of Fremantle, regulatory proceedings and litigation and general operating risks such anticipated cost and timing of delivery of the Definitive Feasibility Study, the application of as metal price volatility, lead carbonate concentrate treatment charges, exchange rates, the technology to future projects and strategic endeavors, the timing of exercising the the fact that the Company has a single production stage mineral property, health and warrants, the feasibility, cost and timing of constructing a refinery at Paroo Station, the safety, environmental factors, mining risks, metallurgy, labour and employment regulations, Company’s ability to meet its working capital needs and debt repayments in the near term, government regulations, insurance, dependence on key personnel, constraints on cash the circumstances or timing and costs surrounding a restart of the Paroo Station mine, distribution from the Paroo Station mine, the nature of mineral exploration and forbearance by Sentient IV pursuant to the Bridging Facility, as amended, projections with development and common share price volatility. While we are not aware of any respect to cash flows and working capital, the cost and timing for completion of capital misstatements regarding any industry data presented in this Presentation, the lead and projects necessary for any future operations, the Company’s ability to comply with the silver industries involves risks and uncertainties and is subject to change based on various factors. Additional factors and considerations are discussed in the Company’s annual transportation and operating conditions for the Paroo Station mine, capital expenditures, operating costs, cash costs, Mineral Resources, Mineral Reserves, life of mine, recovery information form dated as of February 23, 2017, elsewhere in other documents filed from rates, grades and prices, business strategies and measures to implement such strategies, time to time by LeadFX with Canadian securities regulatory authorities. While LeadFX competitive strengths, estimated goals and plans for LeadFX’s future business operations, considers these assumptions to be reasonable based on information currently available to commodity prices outlook and other such matters. Forward-looking statements are often, it, they may prove to be incorrect. These factors may cause the actual results of the but not always, identified by the use of words such as ‘‘seek’’, ‘‘anticipate’’, ‘‘contemplate’’, Company to differ materially from those discussed in the forward-looking statements, and ‘‘target’’, ‘‘believe’’, ‘‘plan’’, ‘‘estimate’’, ‘‘expect’’, and ‘‘intend’’ and statements that an there can be no assurance that the actual results or developments anticipated by event or result ‘‘may’’, ‘‘will’’, ‘‘can’’, ‘‘should’’, ‘‘could’’ or ‘‘might’’ occur or be achieved and management will be realized or, even if substantially realized, that they will have the other similar expressions. Forward-looking information by its nature requires assumptions expected results on the Company. Undue importance should not be placed on forward and involves known and unknown risks, uncertainties and other factors which may cause looking information nor should reliance be placed upon this information as of any other the actual results, performance or achievements to be materially different from any future date. Except as required by law, while it may elect to, LeadFX is under no obligation and results, performance or achievements expressed or implied by the forward-looking does not undertake to update this information at any particular time. information, and readers are cautioned not to place undue reliance on such information. These statements are based upon certain reasonable factors, assumptions and analyses All statements, opinions and views contained in this Presentation are solely those of made by management in light of its experience and perception of historical trends, current LeadFX and/or Rosslyn Hill Mining Pty Ltd. and do not constitute any written or public oral conditions and expected future developments, as well as other factors management statement of the Sentient Group of Global Resource Funds or any other third party. believes are appropriate in the circumstances. These statements are based upon certain reasonable factors, assumptions and analyses made by management in light of its experience and perception of historical trends, current conditions and expected future 7/4/2017 STRICTLY CONFIDENTIAL - NOT FOR FURTHER DISTRIBUTION 2
Contents Business • 2016 Achievements • Strategy and Approach • Overview Lead Markets Financials • Stock Information • Financial Highlights Operations • Paroo Station, Western Australia • InCoR Agreement and Hydrometallurgical Technology • Burgin, Utah 7/4/2017 3 STRICTLY CONFIDENTIAL - NOT FOR FURTHER DISTRIBUTION TSX:LFX
Business Overview 2016 Achievements Received full permitting for Paroo Station • Extension to export lead concentrate through the Port of Fremantle to 2024 • A$3 million reduction in transport route financial bond • Integrated waste landform to reduce long-term tailings storage costs Strong focus on community communication during permitting process Maintained site in a restart ready mode • Retained experienced team for possible restart Funding achievements • In 2016, US$4.5 million received through promissory notes from Sentient IV to fund care and maintenance activities Significantly reduced annual care and maintenance cash burn • 2015 – US$8.0 million* • 2016 – US$4.5 million *Note: Annualized 2015 cash burn based on care & maintenance activities 7/4/2017 4 STRICTLY CONFIDENTIAL - NOT FOR FURTHER DISTRIBUTION TSX:LFX
Business Overview Strategy • Focus on LEAD projects • Leverage off STRATEGIC PARTNERSHIPS and TECHNOLOGY with InCoR and ENIRGI GROUP • Target CASH GENERATION by using our skills and experience to DEVELOP and OPERATE responsible, cost-efficient mining operations • Accumulate lead projects in stable jurisdictions which are able to be in PRODUCTION by 2020 Approach Use our expertise, resources and relationships to responsibly manage: • Our Employees • Our Environment, and • Our Economic Outcomes 7/4/2017 5 STRICTLY CONFIDENTIAL - NOT FOR FURTHER DISTRIBUTION TSX:LFX
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