Explaurum Limited ASX:EXU

Tampia Gold Project southwest Western Australia

PROACTIVE INVESTORS – MAY 2016

www.explaurum.com

The Value Equation Australian focused gold exploration and development company

Flagship Tampia Gold Project in Western Australia, located 200km NE of Boddington and 100km south of Edna May gold mines

Tampia hosts the shallow, high grade Gault deposit with a 2012 JORC Inferred Resource based on historical drilling of 4.7Mt at 2.0 g/t Au (310Koz), open in all directions

Previous drilling intercepts include 17m at 27.5g/t, 11m at 28.1g/t, 25m at 10.1g/t and 5m at 34.9g/t Au

Highly experienced and successful Board and Management team with proven track record in gold exploration, development and production. John Lawton, Mark Calderwood, Greg Partington to drive exploration and development program

Multiple development options - early production potential via toll treatment with larger stand alone opportunity likely with further exploration success

Significant infill opportunities together with down dip and along strike step outs and new discoveries will be focus of upcoming drill program

Positive gold fundamentals

A$9.4m valuation, high grade shallow resource confirmed

2

Company Overview

Capital Structure

Directors

Chris Baker – Non-executive Chairman

Widespread operational and management experience in the Australian and New Zealand resources sector. Current positions include: CEO of Straterra, representing the minerals sector in New Zealand; Chairman of the Coal Association of New Zealand; Chairman of MinEx, the Health and Safety Council of New Zealand. Formerly a non-executive Director and Chairman of the listed Auzex Resources Limited and unlisted Auzex Exploration Limited.

John Lawton – Managing Director

Former Managing Director of Auzex Exploration Limited, John Lawton has extensive experience in the Australasian resources sector through exploration, project development, operations and corporate management, particularly in gold. Founded Auzex Resources Ltd (and held positions of Executive Chairman and Managing Director) which successfully identified and developed the Bullabulling Gold project to more than 3.4m ounces of gold. Co-founded successful gold producer Ross Mining NL developing seven gold mines in 12 years.

Mark Calderwood – Non-executive Director

As former CEO of Perseus Mining took the Company from IPO to production with the World Class, Edikan gold mine in Ghana. Other ‘World Class’ gold discovery involvement includes Tarmoola mine in Western Australia and the giant Kibali (Moto) mine in the DRC. He is currently executive Chairman of Manas Resources Ltd and a non-executive Director of Burey Gold Ltd.

Stephen Stroud – Non-executive Director

Stephen has extensive experience across all aspects of corporate finance and equity capital markets including mergers and acquisitions both within Australia and internationally. Stephen is currently Director, Corporate Finance for CCZ Equities where he advises ASX clients on all aspects of capital markets and M&A with particular focus on small-mid cap companies listed on ASX.

3

ASX CODE EXU

FPO Shares on Issue 224.7M

Unlisted Options 23.3M

Share price as at 28 April 2016 $0.042

Market Capitalisation ($0.042) $9.4M

Top 20 Shareholders 48.10%

Directors & Management 3.8%

Tampia Gold Project NAREMBEEN, WESTERN AUSTRALIA

4

5

Project Location

Located 300km East of Perth and 330km WSW of Kalgoorlie and 130km SW of Southern Cross. 12km from town of Narembeen

Total of 240 km2 100% owned by Explaurum, numerous geochemical gold anomalies

Total of 35 km2 90% owned by Explaurum includes two mining leases covering Gault deposit

Tampia Gold Project • Only significant drilling undertaken at Tampia has been on the Gault deposit.

• Shallow open-pittable resource from surface to 100m depth with mineralisation open in all directions.

• Excellent upside potential – only a small portion of the greenstone belt extending over 15km drilled to date.

• Project under-explored: Gault prospect discovered by BHP Gold in 1987 – most exploration has been focused within 1% of the greenstone host.

• Previous drilling includes 17m at 27.5g/t from 8m, 11m at 28.1g/t from 21m, 9m at 18.3g/t from 19m and 11m at 10.1g/t from 50m (same hole), 25m at 11g/t and 25m at 10.1g/t from surface to the end of the holes

• Exploration assessment program in progress:

Diamond and RC drilling programs completed 2015.

Metallurgical test work program completed March 2016

Further RC drilling in progress targeting infill and testing new targets along strike and down dip April 2016

• Scoping Study to assess production options including toll treatment April - August 2016

6

Previous Exploration BHP Gold Mines Ltd 1987 – 1990

• Soil sampling, RAB (1,197 holes/14,711m) and diamond drilling (18 holes / 2,944m) at Gault;

Dry Creek Mining NL / Nexus Minerals NL 1990 – 2000

• RAB drilling at Smoker prospect (40 holes/1,145m) and RC drilling at Gault (53 holes / 4,553m).

*Previous exploration activity limited by access to private land (1990’s) and litigation (2003-2012)

Gault Prospect Inferred JORC 2012 Mineral Resource

• There has been no modern exploration since the mid 1990’s

7

Air Magnetics & Gold Geochemistry

8

Highly anomalous gold in soil over 800m – best RAB intercept 6m at 2.5 g/t Au

Gold in soil anomaly extends over 10km

Current resource ~ 310koz at 2.0 g/t Au within 800m x 400m zone – target 1.0Moz

Gold soil anomaly trend extends over 10km

Gault resource (310,000oz) is 800m segment of the gold geochemistry trend

Plan View of Gault drilling

9

10

Gault Prospect Section 6440755N

11

Gravity

4km x 2km cover of known resource area and gold soil anomaly trend

Gravity highs (in red) highlight areas of mafic gneiss beneath shallow soil cover

Mafic gneiss hosts gold mineralisation

Recent Drilling Seven diamond core holes 766.5m (June/July 2015)

Confirmed resource model and structural interpretation

Provided important structural and lithological data highlighting potential infill and extensions of mineralised zones for future drilling programs

Located two new zones of mineralisation

Forty five RC drill holes 2,798m (Nov/Dec 2015) Focused on 200m x 100m ‘toll pit area’ for early production – shallow, high grade

mineralisation – target 50,000oz gold near surface

Increased high grade continuity and extent – stacked zones

Significant drill intercepts – 7m at 30.1g/t Au, 5m at 19.1g/t Au, 5m at 21.5g/t Au, 8m at 10.0g/t Au, 10m at 9.4g/t Au, 15m at 6.1g/t Au, 8m at 9.5g/t Au and 16m at 4.6g/t Au

Thirty one RC drill holes 3,100m (April 2016) Shallow southern zone – shallow, high grade mineralization

Strike extensions along 4km zone of anomalous geochemistry

12

Tampia Metallurgy Initial bottle roll test work (September 2015) indicated approximately 89% free milling

potential of fresh mineralisation; this is a significantly positive development

Test work program (March 2016) confirms gold is not refractory – approximately 70% of

all gold reports to a high grade sulphide float concentrate; 92%-94% gold recoverable

Overall gold recovery expected to be 85%-90%, metallurgy optimisation program

underway

Short term toll treatment option potential considerably enhanced – potential for 500kt

– 1000kt grading 2.5g/t – 4.0g/t Au from surface

Fresh material contains free gold, sometimes at very high grades

13

Development Considerations

Gold mineralisation is high grade and near surface

The resource is well drilled in part to shallow depth, but open in all directions and at depth

The resource area has significant gaps in drilling – potential for increase with infill drilling

Significant potential for further discoveries within 10km radius – strong geochemistry and RAB

anomalies

Located on private land close to sealed roads, power, accommodation, services and labour

A future mining operation could be based in Narembeen township (population 500) 12 km from

the Tampia site

Located 130km from Edna May Mine, 135km from Bounty Mine, 150km from Marvel Loch and

170km from Southern Cross for potential toll treatment option; roads suitable for road-trains

14

Next Steps

3,000m+ RC drilling in progress targeting shallow Southern Zone mineralisation (approx.

600m south of Northern Zone Toll Pit Area), as well as regional targets within 2km of the

known resource (April 2016)

Diamond drilling program to provide core for metallurgical test work and process plant

design optimization (May 2016)

Develop a detailed 3D geological model of the toll pit area to provide a toll treatment gold

resource (May 2016)

Follow up RC drilling program based on results of current program – resource definition

and/or exploration targets (June/July 2016?)

Scoping study on the feasibility of toll treatment or on-site treatment in progress (August

2016)

15

Competent Persons’ Statement and Disclaimer

Competent Persons’ Statement

The information in this presentation that relates to Exploration Results and Mineral Resources is based on information compiled by Dr Gregor Partington and Mark Calderwood, who are both Members of The Australasian Institute of Mining and Metallurgy. Dr Partington is also a Member of the Australian Institute of Geoscientists. Dr Partington is the General Manager - Operations and full-time employee and Mr Calderwood is Technical Director of Explaurum Limited and both have sufficient experience relevant to the style of mineralisation under consideration and to the activity which they are undertaking to qualify as a Competent Persons as defined in the 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Dr Partington and Mr Calderwood both consent to the inclusion in this report of the matters based on their information in the form and context in which it appears.

Forward Looking Statements

This presentation has been prepared by Explaurum Limited and contains background information about Explaurum at the date of this presentation. The presentation is in summary form and does not purport to be all inclusive or complete. Recipients should conduct their own investigations and perform their own analysis in order to satisfy themselves as to the accuracy and completeness of the information, statements and opinions contained in this presentation.

This presentation is for information purposes only. Neither this presentation nor the information in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares. This presentation does not constitute investment 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 persons. Recipients should seek professional advice when deciding if an investment is appropriate.

All securities transactions involve risk, which include (among others) the risk of adverse or unanticipated market, financial or political developments.

To the fullest extent permitted by law, Explaurum Limited and its officers, employees, agents and advisers do not make any representation or warranty, express or implied, as to the currency, accuracy, reliability or completeness of any information, statement, 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 risk, uncertainties and assumptions that are outside the control of Explaurum. Actual values, results or events may be materially different from those expressed or implied in this presentation. Given these uncertainties, recipients are cautioned not to place reliance on forward-looking statements. Subject to any continuing obligations under the applicable law and ASX Listing Rules, Explaurum do not undertake any obligation to update or revise any information or any of the forward-looking statements in this presentation of any changes in events, conditions or circumstances on which any such forward-looking statement is based.

16