ASX cover letter - AGM presentations 2019

18 December 2019

The Manager

Company Announcements

Australian Stock Exchange Limited

Exchange Centre

Level 6

20 Bridge Street

SYDNEY NSW 2000

Dear Sir/Madam

RE: AUSTPAC RESOURCES N.L.

2019 ANNUAL GENERAL MEETING

PRESENTATIONS – 18 DECEMBER 2019

We are pleased to provide visual presentations for the Austpac Resources NL 2019 Annual

General Meeting held on Wednesday 18 December 2019.

Yours faithfully

N.J. Gaston

Company Secretary

enc

AUSTPAC RESOURCES N.L.

ACN 002 264 057

Level 5

37 Pitt Street

SYDNEY NSW 2000

GPO Box 5297

SYDNEY NSW 2001

Telephone: (+61 2) 9252 2599

Facsimile: (+61 2) 9252 8299

Email: apgtio2@ozemail.com.au

www.austpacresources.com

Welcome to the

Annual General Meeting18 December 2019

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Austpac’s

Zinc & Iron Recovery Process

and its place in the

Steel Industry

Colin ILESDirector

This presentation is provided to you for information purposes only and should not be construed as and shall not form

part of an offer or solicitation to buy or sell any securities or derivatives. It should not be considered as an offer or

invitation to subscribe for or purchase any securities in Austpac Resources NL or as an inducement to make an offer or

invitation with respect to those securities. No agreement to subscribe for securities in Austpac Resources NL will be

entered into on the basis of this presentation.

To the maximum extent permitted by applicable laws, Austpac Resources NL makes no representation and can give no

assurance, guarantee or warranty, express or implied, as to, and take no responsibility and assume no responsibility

for, the authenticity, validity, accuracy, suitability or completeness of, or any errors in or omission, from any information,

statement or opinion contained in this presentation.

Certain statements may be made herein that use the words “estimate”, “project”, “intend”, “expect”, “believe” and

similar expressions intended to identify forward-looking statements. These forward-looking statements involve known

and unknown risks and uncertainties which could cause the actual results, performance or achievements of the

Company to be materially different from those which may be expressed or implied by such statements, including,

among others, risks or uncertainties associated with the development of the Company’s technology, the ability of the

Company to protect its proprietary technology, the market for the Company’s products, government regulation,

changes in tax and other laws, changes in competition and the loss of key personnel. For additional information

regarding these and other risks and uncertainties associated with the Company’s business, reference is made to the

Company’s reports filed from time to time with the Australian Securities and Investments Commission and ASX.

Disclaimer

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• Identify commodities we want to be in for the longterm, seek projects to acquire or develop, build valuewithin our sphere of expertise and then bring inpartners to jointly realise the value.

• The strategy is to join with partners who will assist usby shouldering most of the operating and capital riskout of our projects.

• This gives us a better chance to develop projects at theoptimal scale, accelerate returns and create greaternear-term value for our shareholders.

Austpac’s Vision

• Annual iron oxide dust generation globally:

– Approx. 18 million tonnes

• Recycling Zn-contaminated Fe dust is problematic

• Disposal is costly

• Potential Zn availability 1 – 3 million tonnes

• Industry is focused on recycling this product

• APG has successfully completed the PoC work

• APG’s ZIRP process can recycle Zn-Fe dust

Steel Industry By-Product Dust

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ZIRP - A Circular Process

• Scrap:

Galvanised Steel

Pig Iron

• HCl Steel making process

• BF Dust, EAF Dust, BOF Filter Cake

• SPL

By-Product evolution

PROCESS STEPS

• 1 FeCl2-MeOx

• 2 FeOx-ZnOx & HCl

• 3 FeO-ZnOx

• 4 Fe & ZnO

ZIRP• Pig Iron

• HCl

• Zn Oxide

Virgin products

• SSPP in April 2019 raised $426,000

• Share placement to YanGang to support the Proof of Concept (PoC) testwork – $804,000

• Synthetic rutile package sold to Lido Holdings –$1,500,000

• Majority of funding targeted to complete PoC work on BOF filter cake.

Funding to Support the Business

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• EVAP redesigned

• Suitable vessel for pyro and pre-reduction constructed

• Ancillary pipework and pumps installed

• PoC testwork program undertaken Oct-Nov 2019

• Process was proven technically

• Partnership with steel company to complete analysis.

• Contract with CSIRO to complete stage 4 (EIF melt tests) and report on results

• Target additional work to commercialisation in early 2020

PoC test work at Newcastle

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PoC testwork (Nov 2019)

EVAP

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PoC testwork (Nov 2019)PYRO Fluid

Bed Roaster

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PoC testwork - ProductsIron Chloride

after EVAPIron oxide

after PYRO

Pre-reduced

pellets

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PoC testwork - Products

FeCl2 pelletsBOF Filter cake Pyro Pellets Pre-reduced

pellets

• 5 x magnification

• Distance between lines is 1 mm

Zn supply and demand

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High Purity Pig Iron

• HPPI used exclusively in Mass Iron production

• 15,000 tonnes per year imported into Australia

• 30% higher value than standard pig iron

• Demand is increasing

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Australian Import stats (2008 – 2018)

Note source ABS statistics 2008 - 2018

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Pig iron import pricing (SA 2008 – 2018)

Note source ABS statistics 2008 - 2018

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• Assess results from CSIRO work

• Develop ongoing program to verify commercial application

• Engage with Steel Mill partners

• Advance project to commercialisation

Forward Plan

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Base Metals/Gold Exploration

at

Nhill, Western Victoria

Mike SmithG.M. Exploration

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Austpac’s drillhole GG-01 intersected encouraging zinc and gold values (up to 3.6% Zn and up to 0.6 g/t Au).

DDH GG-01 EL 5291

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Detailed gravity & magnetic surveys have indicated two massive sulphide targets

Zinc Gold Iron Sulphur Silica

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Two Targets

Plan view

of proposed

drill targets

GG-02

and

GG-03

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Collar of DDH GG-02

1122

Detailed gravity & magnetic surveys have delineated two massive sulphide targets

DDH GG-02 - Sampling

1123

• Add to ground geophysical coverage

• Refine drilling methodology

• Drill best target in March/April 2020

Drilling in 2020

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Annual General Meeting18 December 2019

Thank you

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