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ASX:CAI DISCLAIMER This presentation does not constitute investment - PowerPoint PPT Presentation

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ASX:CAI DISCLAIMER This presentation does not constitute investment advice. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of

  1. ASX:CAI

  2. DISCLAIMER This presentation does not constitute investment advice. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. This presentation does not take into account any person's particular investment objectives, financial resources or other relevant circumstances and the opinions and recommendations in this presentation are not intended to represent recommendations of particular investments to particular persons. All securities transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments. To the fullest extent permitted by law, Calidus Resources Limited (the Company or Calidus) does not make any representation or warranty, express or implied, as to the accuracy or completeness of any information, statements, opinions, estimates, forecasts or other representations contained in this presentation. No responsibility for any errors or omissions from this presentation arising out of negligence or otherwise is accepted. This presentation may include forward looking statements. Forward looking statements are only predictions and are subject to risks, uncertainties and assumptions which are outside the control of Calidus. These risks, uncertainties and assumptions include commodity prices, currency fluctuations, economic and financial market conditions in various countries and regions, environmental risks and legislative, fiscal or regulatory developments, political risks, project delay or advancement, approvals and cost estimates. Actual values, results or events may be materially different to those expressed or implied in this presentation. Given these uncertainties, readers are cautioned not to place reliance on forward looking statements. Any forward looking statements in this presentation speak only at the date of issue of this presentation. Subject to any continuing obligations under applicable law and the ASX Listing Rules, Calidus does not undertake any obligation to update or revise any information or any of the forward looking statements in this presentation or any changes in events, conditions or circumstances on which any such forward looking statement is based. COMPLIANCE STATEMENT The information in this presentation that relates to Exploration Results and Mineral Resources released previously on the ASX. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and that, in the case of mineral resources estimates, all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market ann ouncements. Mr Daniel Saunders is principal and a full time employee of GeoServ Consulting Pty Ltd, and is a Member of the AusIMM. Mr Daniel Saunders has sufficient experience that is relevant to the style of mineralisation and types of deposit under consideration and to the activities undertaken to qualify as a Competent Person as defined in the 2012 Edition of the JORC Code. Ms Jane Allen is a full time employee of the Company, and is a member of the AusIMM. Ms Jane Allen has sufficient experience that is relevant to the style of mineralisation and type of deposits under consideration and to the activates undertaken to qualify as a Competent Person as defined in the 2012 Edition of the JORC Code. PAGE 2

  3. • • 1.25 Moz resource at 1.83 g/t Au PFS will enable rapid transition to including 1.1Moz at 2.37g/t Definitive Feasibility Study (DFS) • • 795,000oz of Indicated Resources Environmental monitoring well advanced, (64%) applications for permits to be submitted Q3 2019 • 203% increase in resource since • listing June 2017 (412,000oz) Significant exploration upside both adjacent to existing resources and in • Fully funded Pre-feasibility Study (PFS) greenfields areas on 781 km 2 tenement commenced , completion due Q3 2019 package being targeted in 2019 3 PAGE 3 CORPORATE PRESENTATION FEBRUARY 2019

  4. EXECUTIVE MANAGEMENT DAVE REEVES FERNANDO MOUTINHO JANE ALLEN MANAGING DIRECTOR PROJECT MANAGER GEOLOGY MANAGER 30 years’ international experience 30 years’ international mining 25 years’ mining experience in with GRD Minproc, Sheffield experience with Anglogold Ashanti, Australia, Africa and Europe. Previous Resources, Syrah Resources, New Resolute Mining, Avion Gold roles at GCM, Delta Gold, Zimplats Century Resources Corporation and GCM and European Metals Holdings. Instrumental in the progression of four mining projects through feasibility to project development BOARD MARK CONNELLY ADAM MIETHKE KEITH COUGHLAN NON-EXECUTIVE CHAIRMAN NON-EXECUTIVE DIRECTOR NON-EXECUTIVE DIRECTOR Over 28 years’ resource industry Over 15 years’ experience in exploration 30 years’ experience in stockbroking experience in CEO and Managing and mine geology, funds management and funds management on ASX, AIM Director roles across multiple and corporate advisory. Previous and TSX. Currently the MD of jurisdictions including Australia, West technical and corporate roles at Rio European Metals Holdings and Africa, North America and Europe. Tinto, Snowden, Regent Pacific Group recently retired as chairman of Talga Currently Non-Executive Chairman at and Argonaut Resources West African Resources Ltd PAGE 4 CORPORATE PRESENTATION FEBRUARY 2019

  5. CAPITAL STRUCTURE WELL FUNDED 1,419 SHARES ON ISSUE • Cash reserves of $3.9m Million • $42.6 MARKET CAP Investment in Pacton Gold (TSX: PAC) valued at $2.9m 1 (undiluted at A$0.03) Million • 2.5c exercisable options to raise $2.2m due June 2019 $3.9 CASH STRONG CORPORATE MINING SUPPORT (as at 31 Dec 2018) Million • $2.9 Keras Resources – London listed exploration company 2 LISTED INVESTMENTS Million • Alkane Resources – ASX listed Australian domiciled gold $35.8 ENTERPRISE VALUE producer with c.$80m in cash reserves and investments 5 Million • Novo Resources – Canadian listed, well funded Pilbara Gold 254 OPTIONS explorer with nearby gold properties and JORC resources Million 3 (will raise $6.9m if exercised) PERFORMANCE 275 TIGHTLY HELD SHARE REGISTER Million 4 SHARES • Over 15% Tier 1 institutional ownership • Top 20 hold 70% KEY SHAREHOLDERS KERAS RESOURCES 2 32.3% (AIM:KRS) ALKANE RESOURCES 10.2% 1. Using share price of $0.26 as at 4 Feb 2019 (ASX:ALK) 2. CAI board and management own 18 % of Keras 3. 118m @ 2.5c, 50m @ 2.0c, 70m @ 3.5c and 16m @ 3.0c NOVO RESOURCES 4.0% 4. Performance Shares vest on completion of a positive PFS (TSX: NVO) 5. ALK cash balance as at 31 December 2018 PAGE 5 CORPORATE PRESENTATION FEBRUARY 2019

  6. PAGE 6 CORPORATE PRESENTATION FEBRUARY 2019

  7. 780km 2 under control, application or option • +200 historic mines located on tenements • Very limited previous exploration focused around the Klondyke workings • Majority of package not covered by any soil sampling or drilling PAGE 7 CORPORATE PRESENTATION FEBRUARY 2019

  8. Cut-off Indicated Inferred Total Klondyke (0.5g/t cut-off summary) Au g/t Mt g/t Au Ozs Mt g/t Au Ozs Mt g/t Au Ozs Klondyke Open Pit 0.5 12.3 1.69 670,000 5.5 1.47 260,000 17.8 1.62 930,000 Klondyke Underground 2.0 0.8 3.3 80,000 1.4 3.03 140,000 2.2 3.13 220,000 Total 13.1 1.78 750,000 6.9 1.79 400,000 20.0 1.79 1,150,000 Cut-off Indicated Inferred Total Deposit (0.8g/t cut-off summary) Au g/t Mt g/t Au Ozs Mt g/t Au Ozs Mt g/t Au Ozs Klondyke Open Pit 0.8 8.4 2.19 590,000 3.1 2.16 210,000 11.4 2.19 800,000 Klondyke Underground 2.0 0.8 3.3 80,000 1.4 3.03 140,000 2.2 3.13 220,000 Total 9.1 2.21 670,000 4.5 2.44 350,000 13.6 2.23 1,020,000 PAGE 8 CORPORATE PRESENTATION FEBRUARY 2019

  9. PAGE 9 CORPORATE PRESENTATION FEBRUARY 2019

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  11. HYDROLOGICAL METALLURGICAL TESTWORK • • High gold recoveries (96.7% leach Initial water monitoring bores drilled & hydrological model completed – recoveries), conventional processing methods & variability testing underway production bores to be drilled in 2019 HERITAGE GEOTECHNICAL • • Heritage clearance work completed Majority of geotechnical drilling over area of disturbance complete & analysis underway TAILINGS ENVIRONMENTAL • • Thickening testwork and geotechnical Flora and fauna studies commenced as have discussions testing complete, further confirmatory with regulator & MAF/PAF testing work planned, initial designs & locations finalised PAGE 11 CORPORATE PRESENTATION FEBRUARY 2019

  12. 2 HOURS DRIVE FROM PORT MINING REGISTRAR LOCATED HEDLAND ON SEALED ROAD IN TOWN ( AUSTRALIA’S LARGEST PORT) LOCATED 20KM SOUTH EAST OF MARBLE BAR SEALED AIRSTRIP • All weather, council maintained road from IN MARBLE BAR Marble Bar to leases • Access to trucked LNG from NW Shelf • 100 rooms available in town • All weather airstrip 12 PAGE 12 CORPORATE PRESENTATION FEBRUARY 2019

  13. PAGE 13 CORPORATE PRESENTATION FEBRUARY 2019

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