Copper and Gold Explorer

Investor Presentation

July 2017Lead Managers to the Offer

Disclaimer

This presentation has been prepared by the management of Bryah Resources Limited (“the Company” or “Bryah”) in connection with meetings with investment banks and institutional

investors, for the benefit of brokers and analysts and not as specific advice to any particular party or person. The information is based on publicly available information, internally

developed data and other sources. Where any opinion is expressed in this presentation, it is based on the assumptions and limitations mentioned herein and is an expression of

present opinion only. No warranties or representations can be made as to the origin, validity, accuracy, completeness, currency or reliability of the information. The Company

disclaims and excludes all liability (to the extent permitted by law), for losses, claims, damages, demands, costs and expenses of whatever nature arising in any way out of or in

connection with the information, its accuracy, completeness or by reason of reliance by any person on any of it.

The presentation contains “forward-looking information” within the meaning of applicable securities legislation. Forward-looking information may include, but is not limited to,

information with respect to the future financial and operating performance of the Company, its affiliates and subsidiaries, potential investments, the estimation of mineral reserves and

mineral resources, realization of mineral reserves and resource estimates, costs and timing of development of the Company’s projects, costs and timing of future exploration, timing

and receipt of approvals, consents and permits under applicable legislation, results of future exploration and drilling and adequacy of financial resources. Forward-looking information

is often characterized by words such as “plan”, “expect”, “budget”, “target”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain

events or conditions “may” or “will” occur.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from those expressed or

implied by such forward-looking information, including risks associated with investments in private and publicly listed companies such as the Company; risks associated with general

economic conditions; the risk that further funding may be required but unavailable for the ongoing development of the Company’s projects or future acquisitions; changes in

government regulations, policies or legislation; unforeseen expenses; fluctuations in commodity prices; fluctuation in exchange rates; litigation risk; restrictions on the repatriation of

earnings by the Company’s subsidiaries; the inherent risks and dangers of mining exploration and operations in general; risk of continued negative operating cashflow; the possibility

that required permits may not be obtained; environmental risks; uncertainty in the estimation of mineral resources and mineral reserves; general risks associated with the feasibility

and development of each of the Company’s projects; foreign investment risks in Australia; changes in laws or regulations; future actions by government; breach of any of the contracts

through which the Company holds property rights; defects in or challenges to the Company’s property interests; uninsured hazards; disruptions to the Company’s supplies or service

providers; reliance on key personnel and retention of key employees.

Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management of the Company made in light of their experience and their

perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the

date that such statements are made, but which may prove to be incorrect. The Company believes that the assumptions and expectations reflected in such forward-looking information

are reasonable.

Assumptions have been made regarding, among other things: the Company’s ability to carry on its future exploration, development and production activities, the timely receipt of

required approvals, the price of gold, the ability of the Company to operate in a safe, efficient and effective manner and the ability of the Company to obtain financing as and when

required and on reasonable terms. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be

other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future

events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not

undertake to update any forward-looking information, except in accordance with applicable securities laws.

Initial Public Offering

• Bryah Resources is raising $5 million at 20c per share, with the capacity to accept an additional $1 million.

• 1 FREE listed option for every 2 shares issued to successful applicants (Ex.price 30 cents, Expiry date 31/10/2020).

• Post-listing the Bryah share register will include:

✓ a big ASX-listed miner which has a significant presence near Bryah’s projects;

✓ some of the founders of Sandfire Resources NL, who are also taking a sizeable position, and

✓ management holding ~8% of the Company.

• Applications and payment by investors can be made on-line via the prospectus link on Bryah’s website (bryah.com.au).

Executive Summary

Bryah Resources investors will have equity in a company with:

• two highly prospective and largely untested copper/gold projects in Western Australia, including a rare and substantial land holding in an Australian exploration hot spot, the Bryah Basin, which hosts the DeGrussa Copper/Gold Mine discovered in 2009 by Sandfire Resources Limited;

• excellent potential for early drilling success and mineral resource definition;

• adequate funding and the potential for a short term and low capex pathway to mining/revenue;

• steady news flow based on active exploration programmes using the latest technology and geological expertise;

• a management team focused on the success of the company.

Corporate Snapshot

Capital Structure at Listing Minimum$5.0M IPO

Maximum$6.0M IPO

Existing Shares on Issue (25M – escrowed for 12 or 24 month) 28,000,000 28,000,000

Vendor Shares (Gabanintha) – to be issued to Australian Vanadium Limited (AVL) (escrowed for 24 months)

3,000,000 3,000,000

Public Offer Shares 25,000,000 30,000,000

TOTAL SHARES 56,000,000 61,000,000

Market Capitalisation (undiluted) @ 20c $11.2M $12.2M

Existing unlisted Options on Issue (Exercise 30c/ Expiry 30/04/2020) 5,500,000 5,500,000

Listed Options – Lead Manager (30c/Expire 31/10/2020) 1,000,000 1,000,000

Listed Options – Public Offer (1 for 2) (30c/ Expire 31/10/2020) 12,500,000 15,000,000

Board of Directors

STUART CROW Non-Executive Chairman

Over 28 years experience in all aspects of corporate finance and investor relations in Australia and international markets. He brings extensive working knowledge of capital markets to the Board. Mr Crow is currently a non-executive director of ASX-listed TNG Limited, Lake Resources NL and Todd River Resources Ltd and AIM-listed Iron Ridge Resources Ltd.

NEIL MARSTON BCom FGIA FCIS MAICD

Managing Director & Company Secretary

Over 30 years experience in mineral exploration, capital raising, corporate governance, project management and stakeholder engagement. Mr Marston is the former Managing Director & Company Secretary of ASX listed explorer Horseshoe Metals Limited.

STUART HALL B.Sc Hons, FAusIMM, FGS

Non-Executive Director

Over 40 years experience in exploration and mining projects located in Australia and Africa. Mr Hall has extensive experience in the areas of exploration strategy, open pit and underground mining operations, resource/reserve estimations, mine project development & management.

Projects Overview

Location Central Western Australia, 800 – 900km from Perth

Tenure Bryah Basin – 9 Exploration Licences covering 714 km2

Gabanintha - 12 Exploration/Prospecting Licences covering 202 km2

Targets Cu/Au – VMS and Archaean Greenstone Belt hosted

Ownership

Bryah Resources Ltd (BYH) holds 100% in the Bryah Basin Project (vendors retain 0.75% NSR royalty).

Upon successful IPO, BYH will hold 100% of Gold and Base Metals mineral rights in Gabanintha Project(AVL - 0.75% NSR royalty).

Note: AVL retains 100% rights in V/U/Co/Cr/Ti/Li/Ta/Mn & iron ore on Gabanintha Project.

Gabanintha – Project Location

• 40km south of Meekatharra.

• <30km to 2 operating gold plants at Bluebird (Westgold) and Burnakura (Monument (TSX)) both treating <3g/t gold ore;

• Limited copper/gold exploration has identified mineralisation at Tumblegum South and elsewhere in the project area;

• Priority 1 is to define a mineral resource at Tumblegum South;

• Potential to be mining and treating high-grade gold ore through one of the nearby gold plants, with low or no capital expenditure outlays, within ~2 year timeframe.

Gabanintha – Tumblegum South Prospect

• Significant shallow Au/Cu mineralisation intersected in 2013 drilling.

• Follow-up drilling due to start in September 2017 – aim is to test below earlier drill holes.

• Drilling to be completed in 2017.

• Mineral resource estimation work to follow drilling in 2018.

• Mining studies to follow as soon as practicable thereafter.

• Commercialisation/production options to be evaluated.

Bryah Basin – Project Location

Bryah Basin – Exploration Strategy

• Exploration will focus on finding hidden repetitions of Horseshoe Lights/DeGrussa style high-grade Volcanogenic Massive Sulphide (VMS) Cu-Au deposits.

• Both Horseshoe Lights and DeGrussa contained ultra high grade (+20% copper + gold) supergene zones with over 100-150,000 tonnes of direct shipping ore in each.

• Both deposits were originally explored as shallow, gold targets.

• High grade copper intersected by deeper drilling at ~100m depth in both.

Direct Shipping Ore sample grading 45% Copper from the Horseshoe Lights Copper/Gold mine located <3 km

from Bryah Resources project area

Bryah Basin - Exploration Targets

Numerous historical Au/Cu targets within the Project area exist. Priority targets include:

• Aquarius

• Fortnum

• Fiddlers East

• Orchard Well

• Harmony

Most target areas have had only limited shallow drilling to date.

2017 ground mapping by Bryah has identified very large-scale hydrothermal alteration systems.

FORTNUM

AQUARIUS

FIDDLERS EAST

HARMONY

ORCHARD WELL

Bryah Basin – Airborne Magnetic Survey

• Flown in March/April 2017.

• Over 16,000 line km flown at 50 metre line spacing (very high resolution).

• Previously unseen structures clearly shown in new survey area –providing much better understanding of the geological setting and highlighting new exploration targets to follow-up.

• Detailed interpretation and target generation work underway – will be completed by the time Bryah lists on ASX.

Indicative Timetable

Major Activities Date

Offer closes under prospectus 21 Aug 2017

Quotation on ASX Early September 2017

Drilling – Gabanintha (phase 1 – Tumblegum South) September 2017

Exploration – Bryah Basin (sampling & recon drilling) October 2017

Reporting – Gabanintha drilling results November 2017

Drilling – Gabanintha (phase 2 – Tumblegum South) Reporting – Bryah Basin results

December 2017

Reporting – Gabanintha (phase 2) drilling results January 2018

Resource Modelling – Gabanintha February 2018

JORC Mineral Resource Estimate - Gabanintha March 2018

Exploration – Bryah Basin (geophysics, drilling, etc) April 2018

Summary

Why Bryah Resources is such an attractive IPO investment opportunity:

• Tight capital structure with reputable cornerstone investors;

• Free Listed Options for successful IPO applicants;

• Great exploration ground with huge potential for new high-grade

Cu/Au discoveries;

• Well funded and with early cashflow potential;

• Drilling at Gabanintha will start from week 1 post listing;

• Solid news-flow to maintain market interest and momentum, and

• A management team dedicated to the success of the company.

Exploration Success – what we aim for!

• Sandfire Resources NL discovered the DeGrussa copper/gold deposit in April 2009.

• Before discovery announcement the SP was $0.10 and MC was $8M; jumping up to $2.25 SP & $190M MC by July 2009.

• Before July 2010 3rd orebody discovery announcement SP was $3.00, MC was $400M; racing up to $8.00 SP and $1,050M MC by Oct 2010 - 18 months after discovery!

• In July 2011 100% debt finance of $390M was secured; processing plant construction completed within 1 year.

• In October 2012 first concentrate production occurred; SP hit $9.00 and MC was $1,370M – 3½ years from first discovery.

• First dividend paid in August 2015.

• Final debt repayment in January 2017.

Contact Details

NEIL MARSTONManaging DirectorMobile: +61 (0)427 188 768E: neil@bryah.com.au

BRYAH RESOURCES LIMITEDLevel 1, 85 Havelock Street, West Perth WA 6005Telephone: +61 (0)8 9321 0001E: info@bryah.com.auWebsite: bryah.com.au

bryah.com.au