Denver Gold ForumSeptember 2018

Delivering today

Developing for tomorrow

Discovering for the future

Important Notices

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Disclaimer - Silver Lake Resources Limited (“Silver Lake” or “the Company”) has prepared this presentation based on information available to it. No representation or warranty, express or implied, is made as to the fairness, accuracy,

completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of Silver Lake, its directors, employees or agents, advisers, nor any other person

accepts any liability, including, without limitation, any liability arising from fault or negligence on the part of any of them or any other person, for any loss arising from the use of this presentation or its contents or otherwise arising in

connection with it.

This presentation contains general and background information about Silver Lake’s activities current as at the date of the presentation and should not be considered to be comprehensive or to comprise all the information that an investor

should consider when making an investment decision. The information is provided in summary form, has not been independently verified, and should not be considered to be comprehensive or complete. It should be read in conjunction

with all other documents provided by Silver Lake. Silver Lake is not responsible for providing updated information and assumes no responsibility to do so.

All dollar terms expressed in this presentation are in Australian dollars unless otherwise stated.

No offer - This presentation is not an offer, invitation, solicitation or other recommendation with respect to the subscription for, purchase or sale of any security, and neither this presentation nor anything in it shall form the basis of any

contract or commitment whatsoever.

Forward looking statements - This presentation may contain forward looking statements that are subject to risk factors associated with gold exploration, mining and production businesses. It is believed that the expectations reflected in

these statements are reasonable but they may be affected by a variety of variables and changes in underlying assumptions which could cause actual results or trends to differ materially, including but not limited to price fluctuations, actual

demand, currency fluctuations, drilling and production results, reserve estimations, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory changes, economic and financial market

conditions in various countries and regions, political risks, project delay or advancement, approvals and cost estimates.

Forward-looking statements, including projections, forecasts and estimates, are provided as a general guide only and should not be relied on as an indication or guarantee of future performance and involve known and unknown risks,

uncertainties and other factors, many of which are outside the control of Silver Lake. Past performance is not necessarily a guide to future performance and no representation or warranty is made as to the likelihood of achievement or

reasonableness of any forward looking statements or other forecast.

No investment advice - This presentation is not financial product, investment advice or a recommendation to acquire Silver Lake securities and has been prepared without taking into account the objectives, financial situation or needs of

individuals. Before making an investment decision prospective investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs, and seek legal, taxation and financial

advice appropriate to their jurisdiction and circumstances. Silver Lake is not licensed to provide financial product advice in respect of its securities or any other financial products. Cooling off rights do not apply to the acquisition of Silver

Lake securities. Silver Lake assumes that the recipient is capable of making its own independent assessment, without reliance on this document, of the information and any potential investment and will conduct its own investigation.

The information in this Presentation remains subject to change without notice.

Delivering, Developing & Discovering

▪ Established ≈150koz pa gold producer at Mount Monger with a provenhistory of Reserve replacement and discovery

- Ore Reserves and M&I Mineral Resources underpin production guidanceto FY22

▪ Invested to establish larger, longer life Mining Centres with increasedproduction transparency and multiple high grade ore sources

▪ Focus on higher margin ounces has delivered a strong balance sheetwith A$114m in cash, bullion and listed investments, with no debt

▪ Successful exploration program has delivered new lode discoveriesand extensions proximal to existing infrastructure

Significant discovery at the Daisy Complex with multiple high grade lodesat Easter Hollows, extending over 400m from current mining fronts

We believe Mount Monger is under explored and we expect mining tocontinue well into the future

Daisy Complex – 53_62 Haoma West high grade ore drive

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Silver Lake at a glance

Silver Lake Resources ASX

Share price A$0.50ps (14 September 2018)

12 month share price range A$0.32 – A$0.65

Shares on issue 505.7 million

Options and performance rights 3.9 million

Market capitalisation A$252M

Cash & bullion (30 June 2018) A$106M

Listed investments (30 June 2018) A$8M

Debt NIL

Enterprise value A$146M

Hedging 129koz at A$1,726/oz

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Board of Directors & Management

David Quinlivan – Non Executive Chairman (Mining Engineer)

Luke Tonkin – Managing Director (Mining Engineer)

Kelvin Flynn – Non Executive Director (Finance)

Les Davis – Non Executive Director

Brian Kennedy – Non Executive Director

Diniz Cardoso – Chief Financial Officer (Finance)

Antony Shepherd – Exploration Manager (Geologist)

Len Eldridge – Corporate Development Officer (Finance)

David Berg – General Counsel and Company Secretary (Legal)

Reserve backed production commensurable with the broader peer group

*Notes: - Bars and diamonds with no fill represent pre-production companies/developers - EV for pre production/developer companies includes pre-production capex (Fully Funded EV) and LOM average production assumptions

Source: Company exchange releases, prices as at 14 September

Our Strategy

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Maximise the value of our

established asset baseInvest in our highly endowed

gold camp

Create new opportunities

to compete for capital

▪ Establish independent Mining Centres to

diversify high-grade ore sources

▪ Increase Ore Reserve and Mineral

Resource conversion visibility

▪ Disciplined and relentless focus on

operating productivity

▪ FY18 results demonstrate the capability

of the Mount Monger Camp

▪ First principles/data driven approach to

exploration commenced in 2015

▪ Recent exploration success is a lag

indicator of our investment

▪ Daisy targets at shallower depths to

introduce new mining fronts

▪ Potential for a third shallow, high-grade

underground mine at Mount Belches

▪ Highly prospective regional shear zone at

Aldiss

▪ Returns driven approach to capital

allocation

▪ Embrace cost effective leading edge

exploration technologies at Mount Monger

▪ Rigorous evaluation of development and

operating asset opportunities to create a

balanced portfolio to drive returns

Mount Monger - Diverse high-grade feed sources to the central Randalls mill

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Mount Monger Mining Centre and Randalls Mill Our underground mines are high grade and have relevant scale

Source: Company exchange releases

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Karari (SA

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Daisy C

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Mo

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Darlo

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Nicho

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Paulsen

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Shann

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Hill 60

(RM

S.ASX)

Res

erve

gra

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incl

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oz)

Reserve (koz) Resource exlcusive of reserves (koz) Reserve grade (g/t)

Refer to ASX release 24 August 2018, “Mineral Resource and Ore Reserve Statement”

Delivered strong operating results in FY18

▪ FY18 production of 158koz for sales of 151koz

Resulting from establishing shallow, high-grade Mount Belchesunderground mines

High grade open pit feed from Imperial

▪ FY18 AISC A$1,289/oz

▪ Established Mount Belches and Aldiss Mining Centres

▪ Exploration continued to advance the pipeline of high valuetargets proximal to established surface and undergroundinfrastructure

Maiden JORC 2012 Ore Reserve at Karonie

Successful drilling at Daisy North and lateral step out to the westat Easter Hollows confirmed “Daisy style” mineralisation outsideof the Mineral Resource envelope

Advanced the Santa underground target at Mount Belches

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FY18 sales and AISC margins

Increased diversity of high-grade ore sources

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Gold sold (koz) All in sustaining cash costs (A$/oz) Average sales price (A$/oz)

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Daisy Complex Maxwells Cock-eyed Bob Grade (g/t)

Strong financial results have translated directly to cash generation

▪ Gold revenue up 12% to $256m

Gold sales volumes +10% with 2% increase in realised price(A$1,684/oz)

▪ EBITDA up 26% to $87.9m

- 10% increase in EBITDA margin to 34%

▪ Net profit after tax up 697% to $16.2m

▪ Operating cash flow up 26% to $80.8m

▪ Cash, bullion and listed investments of $114m at 30 June 2018

Up $37m post $20.5m exploration and growth capital investment inMount Monger

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Financial results snapshot

Strong track record of cash generation

Key measures FY18 FY17 Variance

Gold produced (oz) 157,936 135,837 +16%

Gold sales (oz) 151,250 137,000 +10%

Average realised gold price (A$/oz) 1,684 1,654 +2%

AISC (A$/oz) 1,289 1,359 -5%

Revenue 255.5 227.5 +12%

EBITDA 87.9 70.0 +26%

EBITDA Margin (%) 34 31 +10%

Depreciation & amortisation 64.9 65.9 -2%

NPAT 16.2 2.0 +697%

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Cash and Bullion Listed investments

The exploration pathway to Mount Monger value creation

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Transformational

Higher margin

production

Sustaining production

Current production

Regional exploration focus

▪ Strong gold trends extend north, south and west from Daisy

▪ BIF deposits provide clear markers at Mount Belches

▪ 10km prospective mineralised “SAT” trend at Aldiss

Target areas higher in the mine elevation

▪ Daisy offset targets proximal to existing underground development

▪ High-grade, shallow underground mines at Mount Belches

▪ Leverage established surface and underground infrastructure

Maintain a minimum 4 year Reserve + M&I backed LOM visibility

▪ Plunge extensions identified to Mineral Resource envelope at Daisy

▪ Mount Belches mines remain open along strike and plunge

▪ Establishment of Aldiss Mining Centre

Grade control practices to optimise schedules from existing mines

▪ Progressive infill and extensional drilling program

▪ ≈20% of Daisy production sourced from inferred resources

▪ A$28m exploration spend in FY16-FY17 has returned a A$36/oz discovery cost

Despite a strong track record of discovery, Mount Monger is only

now getting the exploration investment it deserves

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lora

tio

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pen

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$m

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Go

ld (k

oz)

Resource Depletion (Cumulative) Measured Resources Indicated Resources Inferred Resources SLR exploration spend

Note: FY12 – FY13 increase includes Mineral Resources acquired through acquisition of Integra Mining

Daisy Complex - Foundation asset with an exciting future

▪ Base load asset of the Mount Monger Camp, operating at 1,500ounces per vertical metre since FY09

▪ Progressive infill and extensional drilling program tocomplement mine development schedule

FY18 production: 68koz

Reserve: 0.4mt @ 7.2 g/t for 91koz

Resource: 2.1mt @ 17.0 g/t for 1.16moz1

▪ Drilling continues to intersect high grade mineralisation in

multiple directions, providing upside opportunities for the future2

- LOM extensions supported by continuity of high grade

mineralisation confirmed ≈300m down plunge of current mining

areas and ≈150m down plunge of the current Mineral Resource

▪ A potential new lode intersected to the east and parallel to theLower Prospect lode position, potentially extending the DaisyMilano lode more than 300m down plunge

1. Refer to ASX release 24 August 2018, “Mineral Resource and Ore Reserve Statement”

2. Refer to ASX release 14 September 2018, “Drilling highlights significant upside at Daisy Complex”

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Lower Prospect extensional drilling relative to development & Resource envelope

Oblique view towards the north east of the Daisy Complex centred on the Lower Prospect lode system, showing current underground development, and outlining the interpreted New Lode zone approximately 50m east of the Lower Prospect lodes, showing assay intersections >5 g/t Au (red dots), and highlighting new drilling results (in red text).

Daisy North - A potential new, near term, shallow mining front

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▪ Step out drilling north of the north fault confirmedsignificant high grade gold mineralisation1, including

2.00m @ 29.2 g/t

1.52m @ 7.5 g/t

1.34m @ 6.4 g/t

1.26m @ 8.7 g/t

0.42m @ 51.2g/t

▪ The results validate the new geological model andincreased understanding of mineralisation controls

Confirmed the continuity of high grade mineralisation toCaledonia target, extending ≈300m along strike to thenorth of existing underground development

▪ Mine design work commenced for the potential to add anew, near-term shallow underground mining front

Leverage from existing upper areas of Daisy development

1. Refer to ASX release 23 March 2018, “Exploration Update”

Daisy North – shallow and proximal to existing mine infrastructure

Daisy Complex- A significant discovery at Easter Hollows

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▪ Lateral step out drilling to the west has identified a newarea of high grade mineralisation with multiple new lodesextending over 400m from existing mining fronts1

▪ New lodes parallel to the most productive areas of the mine

▪ Host rocks and mineralisation is consistent with the highestgrade lodes in the Daisy Complex including, quartz veining,galena and visible gold

▪ Excellent recent drilling results include numerous highgrade intersections and established underground miningwidths, including

0.45m @ 526 g/t

0.45m @ 43.4 g/t

1.64m @ 18.7 g/t

1.10m @ 16.0 g/t

0.66m @ 17.9 g/t

▪ Drilling is continuing...

1. Refer to ASX release 14 September 2018, “Drilling highlights significant upside at Daisy Complex”

A compelling prospect to leverage existing underground development

Plan view showing the Daisy Mine lode system, underground development, interpreted Easter Hollows zone and surface projection to the Christmas Flats and Dinnie Reggio open pits, assay intersections >5 g/t Au (red dots) with new drilling results (red text).

Mount Belches - Shallow, high-grade underground mines

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▪ Fully serviced independent Mining Centre with twoshallow, high-grade underground mines

- FY18 production: 44koz

- Reserve: 0.9mt @ 6.0 g/t for 179koz

- Resource: 10.3mt @ 3.7 g/t for 1.21moz1

▪ Maxwells

Established as a consistent production source with bothinfill and extensional exploration potential

FY19 exploration focus on drilling to link the Albion andFlag lodes

Down plunge and strike extensions to multiple lodesidentified and being progressively tested

▪ Cock-eyed Bob

Resource model has under called mined grade

Production commenced in 2Q FY18, with ore to datelargely sourced from development

Drilling has intersected mineralisation outside of thecurrent mine plan, potentially extending the LOM

1. Refer to ASX release 24 August 2018, “Mineral Resource and Ore Reserve Statement”

Mount Belches Mining Centre

Mount Belches - Potential for a third shallow underground mine at Santa

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▪ Proximal to, and mineralisation observed to be consistentwith, high-grade BIF lodes seen at the Maxwells and Cock-eyed Bob mines

- Resources: 4.9mt @ 2.6 g/t for 419koz1

▪ Nine hole diamond drill program returned numerous +50gram-metre intervals over a 250m strike length andmineralisation remains open2, including

4.72m @ 9.16 g/t

3.26m @ 22.3 g/t

3.20m @ 14.5 g/t

0.59m @ 133 g/t

0.30m @ 84.4 g/t

6.15m @ 9.37 g/t/

5.27m @ 5.63 g/t

▪ Further drilling in FY19 to target plunge and strike extensions

▪ Ability to leverage installed above ground services andinfrastructure at Mount Belches

1. Refer to ASX release 24 August 2018, “Mineral Resource and Ore Reserve Statement”

2. Refer ASX release 7 June 2018 “Santa drilling highlights growth potential at Mount Belches”

Recent drilling has focused on Santa west lode

West lode drilling + historical >5g/t intersections

Aldiss - An investment in our future at Mount Monger

▪ The Aldiss camp is host to ≈201koz1 in Reserves and isSilver Lake’s third Mining Centre at Mount Monger

Dedicated haul road to the mill, 80 person camp andmobile equipment workshop

Low pre production capital works of A$7.3m

Reserves: 2.9mt @ 2.2 g/t/ for 201koz

Resources: 9.4mt @ 2.0 g/t for 593koz1

▪ Three proximal open pits provide base case for 200kozproduction over FY19-21

▪ Owner operator, conventional drill, blast, load and haulopen pit mining operation

▪ Broad, high-grade gold lodes at Karonie interpreted tocontinue down plunge, highly encouraging for futureunderground potential

1. Refer to ASX release 24 August 2018, “Mineral Resource and Ore Reserve Statement”

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Karonie plan view

Karonie remains open down plunge

Aldiss - Prospective regional shear zone targets

▪ Exploration focus on the 10km of largely untestedmineralised Aldiss trend

“SAT” trend has a ≈10km strike south of Harrys Hill withsignificant historic drilling results, however, no recentexploration

Regional shear zone with several identified gold prospects

▪ Spice, Tank and Atriedes have resources of 48koz1, withdrilling constrained to ~60m below surface

Prospective for strike, down plunge and lateral extensions

▪ Discovery of any additional Mineral Resources willleverage from newly established infrastructure

1. Refer to ASX release 24 August 2018, “Mineral Resource and Ore Reserve Statement”

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Aldiss “SAT” trend

A renewed focus on regional exploration

▪ Systematic regional exploration program is underway

Four distinct geological districts host mineralisation andprovides significant exploration potential

▪ Focus on advancing historical targets with limited drillingand generating the next suite of targets

▪ Daisy

Strong gold trends extend north, south and west of theDaisy Complex

Exploration pipeline populated by numerous priority targets

▪ Mount Belches

BIF hosted deposits provide clear markers

Compelling underground drilling results at Santa

▪ Aldiss

10km SAT trend

Identified resources and multiple geochemical anomalies

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Daisy Mining Centre regional targets

A robust FY19 outlook

▪ FY19 gold sales guidance of 140-150koz

- Ore Reserves plus Measured & Indicated MineralResources support a 4 year base case production outlook

▪ FY19 AISC range of A$1,350-1,390/oz

Non-cash stock movement expense associated withstockpile treatment in 1H FY19

Treatment of relatively low grade stockpiles prior to theintroduction of Aldiss ore in 2Q FY19

▪ A$5m capital works associated with the installing ofAldiss Mining Centre infrastructure

▪ A$12m exploration spend to build on the success ofFY18

~70% of which will be spent in-ground on drilling acrossthree Mining Centres

Mining Centre infrastructure now in place and a stepchange in LOM visibility delivered, the exploration prize ishigher margin ounces to further enhance cash generation

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Daisy Complex (UG) Mount Belches (UG) Aldiss (OP) FY19 Stockpile build Milled ounces FY19 Sales

Go

ld (k

oz)

High grade ore sources prioritsed

FY19 mined ounces

Leverage balance sheet strength for

optimal owner mining schedule

20-30koz stockpile build FY19 mill feed FY19 sales guidance

140-150koz

FY19 mill feed and sales guidance

Delivering, Developing & Discovering

▪ Established ≈150koz pa gold producer at Mount Mongerwith a proven history of Reserve replacement anddiscovery

Invested to establish larger, longer life Mining Centreswith increased production transparency

Ore Reserves and M&I Mineral Resources underpinproduction guidance to FY22

▪ Focus on higher margin ounces has delivered a strongbalance sheet with A$114m in cash, bullion and listedinvestments, with no debt

▪ Successful exploration program has delivered new lodediscoveries and extensions proximal to existinginfrastructure

Significant discovery at the Daisy Complex with multiplehigh grade lodes at Easter Hollows, extending over 400mfrom current mining fronts

We believe Mount Monger is under explored and weexpect mining to continue well into the future

Drilling in the shadow of Daisy

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Appendix 1: Competent person requirements

The information in this presentation that relates to Exploration Targets and Exploration Results is based on information compiled by Mr Antony Shepherd, a Competent Person who is a Member ofthe Australasian Institute of Mining and Metallurgy. Mr Shepherd is a fulltime employee of Silver Lake Resources Ltd and has sufficient experience that is relevant to the style of mineralisation andtype 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 ExplorationResults, Mineral Resources and Ore Reserves’. Mr Shepherd consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

All information on Mineral Resources and Ore Reserves has been extracted from the ASX Announcement entitled “Mineral Resource and Ore Reserve Statement” dated 24 August 2018 which isavailable to view at www.silverlakeresources.com.au. Silver Lake confirms that it is not aware of any new information or data that materially affects the information included in the original ASXannouncement and that all material assumptions and technical parameters underpinning the estimates in the ASX announcement continue to apply and have not materially changed. Silver Lakeconfirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original ASX announcement.

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