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Large Greenfields Gold Discovery Hidden Under Thin Cover, Kalgoorlie, WA ASX Code: BRB Quality and scale in a premier location Tom Sanders Resources Rising Stars, Gold Coast, 24-25 May 2016 Executive Chairman Disclaimer & Competent


  1. Large Greenfields Gold Discovery Hidden Under Thin Cover, Kalgoorlie, WA ASX Code: BRB Quality and scale in a premier location Tom Sanders Resources Rising Stars, Gold Coast, 24-25 May 2016 Executive Chairman

  2. Disclaimer & Competent Persons Statement This presentation is for information purposes only. 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 may not be distributed in any jurisdiction except in accordance with the legal requirements applicable in such jurisdiction. Recipients should inform themselves of the restrictions that apply in their own jurisdiction. A failure to do so may result in a violation of securities laws in such jurisdiction. This presentation does not constitute financial product advice and has been prepared without taking into account the recipient's investment objectives, financial circumstances or particular needs and the opinions and recommendations in this presentation are not intended to represent recommendations of particular investments to particular persons. Recipients should seek professional advice when deciding if an investment is appropriate. All securities transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments. To the maximum extent permitted by law, Breaker does not warrant the accuracy, currency or completeness of the information in this presentation, nor the future performance of the Company, and will not be responsible for any loss or damage arising from the use of the information. Certain statements contained in this presentation, including information as to the future financial or operating performance of Breaker Resources NL (Breaker) 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 Breaker , 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. Breaker 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. Competent Persons Statement The information in this report that relates to Exploration Targets and Exploration Results is based on information compiled by Tom Sanders who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Sanders is an officer of Breaker Resources NL and his services have been engaged by Breaker on an 80% of full time basis; he is also a shareholder in the Company. Mr Sanders 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’ . Mr Sanders consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. Any geotechnical information communicated in the slides in this presentation relating to Breaker Resources’ exploration results prior to 1 December 2013, and its assessment of exploration completed by past explorers, was first prepared and disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was reported. 2

  3. Breaker Snapshot Breaker has been looking for new gold systems Quality and scale in a premier location  concealed by transported cover since 2012 Initial greenfields gold discovery 1 year ago  (now 2.2km long and growing) Resource drilling began in Feb 2017 (3 drill rigs)  Hole_ID Interval @ g/t Au From Includes BBRC0166 7m @ 61.78 59m 4m @ 105.04 BBRC0142 24m @ 7.75 9m 18m @ 10.15 BBRC0111 19m @ 7.56 49m 4m @ 32.00 BBRC0194 54m @ 2.38 5m 11m @ 5.82 BRB BBRC0201 37m @ 3.44 115m 12m @ 3.53 12.7m @ 7.07 BBDD0006 21.3m @ 5.10 46.4m Risk BBRC0110 27m @ 3.86 21m 14m @ 6.87 (March 2017 Quarter results*) Compelling open pit and underground mining  potential Strong upside based on early stage of deposit “cycle”, Targeting maiden JORC Resource – 31 Dec 2017  quality of project, tight capital struct ure and 100% ownership Results so far consistent with early stages of a new mining camp after 80,000m of drilling * March 2017 Quarter Results: ASX Releases 1 March, 27 March and 26 April 2017 3

  4. BRB Corporate Overview Building shareholder value via discovery and development of new gold systems Board/Senior Management Capital Structure Tom Sanders Executive Chairman Issued Securities 127.5m fully paid shares  (5.7m part paid shares; 8.8m unlisted options) Mike Kitney Non-Executive Director Market capitalisation $84m ($0.66/share)  Mark Edwards Non-Executive Director Michelle Simson Company Secretary Cash $9.4m (31 March 2017)  Alastair Barker Exploration Manager Strong share register Directors 19% Funds ~25%  Start Resource First Infill RC Three Year Share Price Chart Infill Drilling The Gap Results Discovery First RC Share Price Bombora Sth Bombora Nth Discovery Discovery RRS 2016 AC Drilling New Gold System ~80% of our funds go “into the ground” 4

  5. What Can Happen if You Find a Big One Sirius Resources Sandfire Resources Nova Bollinger Ni Discovery De Grussa Cu Discovery Top $3.27 Top $4.18 Average $3.60 Average $2.40 Prior to discovery $0.05 Prior to discovery $0.01 5

  6. LOCATION DRILLING OVERVIEW Lake Roe Project Landscape (thin transported cover ~5-10m)

  7. Lake Roe Gold Project Setting Lake Roe Gold Project Location Located between two large gold deposits 100km east of Kalgoorlie  Large tenement holding (+550km 2 , 100%-owned, our core focus)  Minor historical exploration (dormant for last ~20 years)  Geological Setting  Situated between two major shear zones that converge Fractionated dolerite in domal geometry  Deep fertile structure with associated lamprophyre  Alteration  Mineralisation Style  Gold in sulphide lodes/stockwork in thick fractionated dolerite …the dominant mineralisation style and host rock in WA (analogies with St Ives, Golden Mile, Paddington, White Foil) Two operating gold plants within ~60km  7

  8. The Domal Gold Trap – Current Drilling Status Aircore (AC) - Downhole Ave Gold (ppb) RC - Downhole Average Gold (ppb)  80,000m of drilling (50,000m RC/DD) Assays ~80% reconnaissance Pending  No outcrop…we use shallow AC drilling to guide deeper RC drilling (a “systems” approach)  It works!...first three RC programs yielded three discoveries  Now one “open” 2.2km -long discovery zone in an “open” 6km gold system  Resource delineation RC drilling only started Feb 2017 (40m x 20m, 3 drill rigs)  5,775m AC drilling completed to Assays test hinge zones (assays pending) Pending 8

  9. The Scale is Deceptive – Long Section Looking at the Bombora discovery “side - on” (to the west)  How big is 2.2km?  Big enough to fit a well-known ore deposit comfortably inside it (twice)  We are just scratching the surface Same …drilling only to ~200m from surface Scale (with rare exception) BBDD0010 5.3m @ 7.07g/t gold* (new vertical lode “floating in space”, our deepest hit) * ASX Release 30 May 2017; Intersections not adjusted for true width given reconnaissance nature of drilling (downhole intervals) 9

  10. Long Section – the Depth Potential Setting the stage for deeper drilling of down-plunge gold  Strategy is to use results from infill RC drilling to map out plunge directions for deeper drilling of underground targets  Sulphide lodes generally persist with depth for this style of deposit (eg. St Ives, Golden Mile)  This is what we are starting to see  A gradual transition to more diamond drilling is starting * Intersections not adjusted for true width given reconnaissance nature of drilling (downhole intervals) 10

  11. THE DISCOVERY SEQUENCE

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