ALTURA LITHIUM NEW SIGNIFICANT SUPPLY TO THE BATTERY MARKET IN 2018 - PowerPoint PPT Presentation

Highly Confidential ALTURA LITHIUM NEW SIGNIFICANT SUPPLY TO THE BATTERY MARKET IN 2018 JUNE 2018 INVESTOR UPDATE RESOURCES DRIVING SUPPLY TO THE BATTERY REVOLUTION 1

Highly Confidential DISCLAIMER This presentation has been prepared by Altura Mining Limited (“Altura” or the “Company”). It should not be considered as an invitation or offer to subscribe for or purchase any securities in the Company or as an inducement to make an invitation or offer with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this presentation. This presentation is provided on the basis that none of Altura nor its respective officers, shareholders, related bodies corporate, partners, affiliates, employees, representatives and advisers make any representation or warranty (express or implied) as to the accuracy, reliability, relevance or completeness of the material contained in the presentation and nothing contained in the presentation is, or may be relied upon as, a promise, representation or warranty, whether as to the past or the future. The Company hereby excludes all warranties that can be excluded by law. The presentation contains forward looking information and prospective financial material which is predictive in nature and may be affected by inaccurate assumptions or by known or unknown risks and uncertainties, and may differ materially from results ultimately achieved. All references to future production, production targets and resource targets and infrastructure access are subject to the completion of all necessary feasibility studies, permitting, construction, financing arrangements and infrastructure-related agreements. Where such a reference is made, it should be read subject to this paragraph and in conjunction with further information about the Mineral Resources, Ore Reserves and Exploration Results, as well as the Competent Persons' Statements. All persons should consider seeking appropriate professional advice in reviewing the presentation and all other information with respect to the Company and evaluating the business, financial performance and operations of the Company. Neither the provision of the presentation nor any information contained in the presentation or subsequently communicated to any person in connection with the presentation is, or should be taken as, constituting the giving of investment advice to any person. C h a r g i n g f o r w a r d w i t h L i t h i u m 2

Highly Confidential CONTENTS Introduction 1 Project Overview 2 Corporate 3 Project Update 4 Financial Analysis 5 Offtake 6 Regional Exploration 7 Lithium Market Fundamentals 8 Summary 9 Appendices Ideally located in the gateway to North Asian Markets 3

Highly Confidential Section 1 INTRODUCTION 4

Highly Confidential ALTURA INVESTMENT HIGHLIGHTS Low risk, low cost, low capex and long life, with excellent  1 World Class Project metallurgy Existing port and road infrastructure, with proximity to end  2 Tier One Jurisdiction users in Asia Less than 2 months to first spodumene sales in a strong  3 Near Term Production market Capital spent and offtake contracted, with Stage 2 DFS  4 Stage 1 Derisked completed in April 2018 Driven by the EV “mega trend” and clean energy storage  5 Positive Market Outlook demand Based on forecasts from Stage 1 production and from the  6 Attractive Valuation Stage 2 DFS More than 16,000 hectares of highly prospective tenements  7 Exploration Upside with targets identified 8 Highly Experienced Team Strong project development credentials  5

Highly Confidential INTRODUCTION Feeding the lithium supply chain in H2 2018 Project Location ASX-listed company Altura Mining Limited (“Altura” ASX:AJM) owns 100% of the • Pilgangoora Lithium Project (the “Project”) The Project is located in the Pilbara region of north west Western Australia, an • established mining region that is well serviced by existing infrastructure Port Hedland Pardoo Stage 1 of the Project is currently in commissioning stages, and is expected to • Karratha Pilgangoora produce approximately 220,000 tpa of spodumene concentrate SC6 (circa 30,000 Marble Bar tpa LCE)* Onslow Pannawonica Stage 2 of the Project (DFS complete) involves a doubling of production to • Nullagine Wittenoom approximately 440,000 tpa spodumene concentrate SC6 (circa 60,000 tpa LCE) Tom with expected commissioning in Q1 2020* Price Paraburdoo Combined Stage 1&2 NPV (@10% discount rate) of A$835m based on Stage 2 DFS • Newman assumptions and pricing on 34.2Mt ore reserve estimate* Concentrate will be transported ~130kms by existing road infrastructure for export • via an existing multi-user berth in Port Hedland Perth A minimum of 200,000 tpa is contracted until 31 December 2022, with 100,000 • tpa to each partner (Lionergy and J&R Optimum) on market-based terms with a pricing floor and cap for 3 years 6 * Refer to ASX Announcements 26 September 2016, 24 October 2017 and 30 April 2018

Highly Confidential Section 2 PROJECT OVERVIEW 7

Highly Confidential PROJECT SNAPSHOT Altura’s Pilgangoora project is fully permitted from mine to port with first shipment planned for Q3 2018 PRODUCTION PROFILE Stage 1&2 (1) Description Units Stage 1 Run Rate Production SC6 kt p.a. 220 440 Mine Life (on Reserves) Years 23 13 119 (2) Development Capex A$m 151 LOM Sustaining Capex (Real) A$m 31 31 LOM C1 Cost (Real) A$/t 356 324 LOM Total Cash Cost (Real) A$/t 428 400 Ore Mined (Reserves) Mt 34.2 34.2 LOM Grade % Li 2 O 1.04% 1.04% Waste Mt 106.2 106.2 (1) Refer to ASX Announcement 30 April 2018 (2) Excludes Stage 1 Capex 8

Highly Confidential Section 3 CORPORATE 9

Highly Confidential COMPANY OVERVIEW 12 MONTH SHARE PRICE PERFORMANCE Share Price (A$) Volume (m) 0.60 40.0 Capital Structure (22 nd June 2018) AUD Shares on Issue 1,819.9m 35.0 0.50 Share Price $0.315 30.0 Market Capitalisation $573m 0.40 25.0 Cash (1) $63m 0.30 20.0 Debt (1) $144m Enterprise Value $654m 15.0 0.20 (1) As per 26 April 2018 Quarterly Announcement 10.0 Major Shareholders In Company (%) 0.10 5.0 Furui Holdings Limited (Shaanxi J&R) 16.81% Allan Buckler (Shazo Holdings Pty Ltd) 10.71% 0.00 0.0 Terry Smith 10.15% Directors (2) 16.02% Top 20 62.3% (2) Excludes J&R shareholding 10

Highly Confidential CORPORATE HISTORY 13-Nov-17 Stage 2 scoping study Share Price (A$) Volume (m) results show 22-May-18 production plant Process plant 8-Nov-16 0.60 26-Apr-16 duplication is best 80.0 9-May-17 Commissioning – first Subscription and co- Binding off-take expansion option Contracts for plant ore crushed operation agreement agreement signed construction, signed with Optimum with Lionergy for transport, logistics 24-Oct-17 Nano raising 100ktpa spodumene 70.0 and power awarded A$41.6m Increase in Reserve concentrate 0.50 at Pilgangoora and Resource base supporting a 22 year 11-Apr-16 mine life under Stage 60.0 Pilgangoora stage 1 1 DFS feasibility study 26-Sep-16 released highlighting 0.40 Pilgangoora stage 1 10-Jul-17 NPV of A$382m and DFS released 27-Feb-17 Binding off-take 50.0 12+ year mine life highlighting NPV of Pilgangoora project agreement signed A$411m and a 13 management plan with Optimum Nano year mine life approved by WA for 100ktpa Government and on- 0.30 Spodumene 40.0 site works commence Concentrate 30.0 30-Apr-18 0.20 Stage 2 Definitive Feasibility Study Released highlighting 20.0 NPV of A$835m and 28-Jul-17 13+ year mine life Senior secured loan (includes Stage 1) 0.10 notes issue raises US$110m to fund 10.0 construction and commissioning at Pilgangoora 0.00 0.0 11