ASX:  GPH

Lake Wells Potash Project Targeting Australia’s Potash DemandF

or p

erso

nal u

se o

nly

Forward-looking statements

This presentation has been prepared by Goldphyre Resources Ltd (“GPH”). This document contains background information about GPH current 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 contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of GPH 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 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 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 fullest extent permitted by law, GPH, 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, statements, 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 risks, uncertainties and assumptions which are outside the control of GPH. Actual values, results or events may be materially different to those expressed or implied in this presentation.

Competent persons statement

The information in this presentation that relates to Exploration results, Mineral Resources or Ore Reserves is based on information compiled by Mr Brenton Siggs who is a member of the Australasian Institute of Geoscientists. Mr Siggs is contracted to the Company through Reefus Geology Services and is a Non-executive Director (Exploration Manager) of Goldphyre Resources Limited. Mr Siggs has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity currently being undertaken to qualify as a Competent Person as defined in the 2012 edition of the ‘Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Siggs is a shareholder and director of Goldphyre WA Pty Ltd, a company that holds ordinary shares and options in the capital of Goldphyre Resources Limited (Goldphyre Resources Limited, Annual Report 2014).

Mr Siggs consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

2

DisclaimerF

or p

erso

nal u

se o

nly

3

✴ The Lake Wells Potash Project is 100% owned

✴ Lake Wells identified as one of the highest

potash potential salt lakes in Australia

✴ Very high grades at surface - exploration at

depth required to uncover potential

✴ No Native Title claim existing

✴ Low CAPEX brine operation potential

✴ Highly conducive environment for

evaporation ponds

✴ Eastern Goldfields location with quality

infrastructure, 300kms overland to bulk rail

terminal at Leonora

✴ Drilling campaign imminent to determine

potential at depth

Lake Wells Potash Project

PERTH

Lake Wells

Potash Project

KALGOORLIE

LAVERTON

0 150 300 450 60075Kilometers

ESPERANCE

Great

Victoria

Desert

WILUNA

TELFER

PORT HEDLAND

GERALDTON

Great Sandy Desert

Gibson

Desert

EXMOUTH

HALLS CREEK

Road

Railway line

LEONORA

For

per

sona

l use

onl

y

4

Lake Wells has been identified as one of the highest potassium potential salt lake

systems in Australia1

1. Mernagh et al, 2013. Record 2013/039

Lake Wells Potash Project

A source of SOP for Australian farmers

Evaporative operations require sunny, windy conditions: the Lake Wells environment

is highly conducive to evaporation

PERTH

Lake Wells

Potash Project

KALGOORLIE

LAVERTON

0 150 300 450 60075Kilometers

ESPERANCE

Great

Victoria

Desert

WILUNA

TELFER

PORT HEDLAND

GERALDTON

Great Sandy Desert

Gibson

Desert

EXMOUTH

HALLS CREEK

Road

Railway line

LEONORA

For

per

sona

l use

onl

y

5

Lake Wells Potash Project

GPH tenure 465km2

Aquifer recharge is vital to brine extraction

Research indicates the Lake Wells Potash Project’s positioning over paleochannel

recharge flow is favourable for brine recharge

For

per

sona

l use

onl

y

6

Aquifer modelling indicates volume of approximately 1,600 million m3, and drill logs

indicate very deep and extensive clay/sand/grit regolith horizon

Previous worker’s drill collar, not to scale

Paleochannel bedrock contact at c.120m

Lake Wells Potash Project

Porosity and permeability are also vital to brine extraction

93 holes of air-core data used in wire frame modelling

For

per

sona

l use

onl

y

7

✴ Eastern Goldfields location with entrenched mining culture and infrastructure ✴ 300kms overland to bulk rail terminal at Leonora ✴ 85kms to Great Central Road (link to Kalgoorlie)

Lake  Wells

Prenti  Downs  Road  85km

Great  Central  Road  90km

Laverton-­‐Leonora  Road  125km

Leonora  Rail  Head  300kms  from  Lake  Wells

Lake Wells Potash Project

Location and logistics are vital to bulk commodity resources

For

per

sona

l use

onl

y

8

Grade, brine composition and volumes are key

✴ Brine pit sampling at Lake Wells has returned very high SOP values: average across 11 pit samples of 4.83 kg/m3 K equivalent to 10.79 kg/m3 SOP

First forward drill program designed test concentration gradient through the aquifer layer ✴ Drilling to bedrock to determine brine grade and composition at depth ✴ 20 holes (c. 2,000m) drilling proposed ✴ trench sampling, flow testing and hydrochemical studies, resource definition to follow

Working towards a JORC 2012 resource

Nield, D.D., Simmons, C.T., Kuznetsov, A.V., Ward, J.D. (2008), On the evolution of salt lakes: Episodic convection beneath an evaporating salt lake, Water Resources Research, 44, W02439

Lake Wells Potash ProjectF

or p

erso

nal u

se o

nly

9

Proposed forward drill program

498000

498000

500000

500000

502000

502000

504000

504000

506000

506000

508000

508000

510000

510000

6984

000

6984

000

6986

000

6986

000

6988

000

6988

000

6990

000

6990

000

N

E38/1903

E38/1903 E38/2113

E38/2114

Proposed GPH AC

Hole

Previous Explorers

Air Core Drill Hole

ELA 38/3021

0 1 2 3 40.5

Kilometers

20 holes of air-core drilling for c.2,000m to start

June/July 2015

For

per

sona

l use

onl

y

10

Upcoming activity

Activity JUL AUG SEP OCT NOV DEC

Site preparation, shallow auger/pit sampling

Weather station installation and commencement of weather monitoring program

Air-core drilling on lake margins and and lake pan

Flow testing, water level logger installation

Brine and multi-element analysis

Hydrochemistry and hydrogeology studies

Resource modelling and interpretation

Follow up resource extension program finalisedFor

per

sona

l use

onl

y

11

Sector AnalysisA

$M M

ark

et C

ap

italis

atio

n

0

22.5

45

67.5

90

RWD DNK CXM RUM AIV WHE AMN GPH

Market Capitalisation A$m

3

15

202223

25

8084

GPH market capitalisation at 22 June 2015

For

per

sona

l use

onl

y

12

Corporate Summary

Matt Shackleton | Executive Chairman +20 years experience in corporate management of ASX, TSX, overseas and Australian entities. Chartered Accountant, MBA (UWA), Canyon, Bannerman, Arunta, Mount Magnet South

Brenton Siggs | Non-executive Director Exploration and mine geologist with +24 years experience in gold, nickel, coal and other minerals Newcrest, Inco, Vale, Sons of Gwalia

Dean Goodwin | Non-executive Director Geologist with +25 years experience in gold, nickel Intrepid, Santa Anna, Redoubtable deposits WMC, LionOre, Focus, Barra Resources, Mt Ridley Mines

Shares on issue* 68.4m

Options on issue* 62.9m

Share price 22 June 2015 3.5c

Market capitalisation* $2.4m

Cash (31 March 2015) $0.3m

Top 40 78%

Board shareholding* 18%

GPH

sha

re p

rice

$0.000

$0.013

$0.025

$0.038

$0.050

Da

ily tr

ad

ed

vo

lum

e

0

450,000

900,000

1,350,000

1,800,000

1 Jan 20

15

9 Jan 20

15

19 Ja

n 2015

27 Ja

n 2015

4 Feb 20

15

12 Fe

b 2015

20 Fe

b 2015

2 Mar 2

015

10 M

ar 201

5

18 M

ar 201

5

26 M

ar 201

5

3 Apr 2

015

13 A

pr 201

5

21 A

pr 201

5

29 A

pr 201

5

7 May 2

015

15 M

ay 201

5

25 M

ay 201

5

2 Jun 20

15

10 Ju

n 2015

18 Ju

n 2015

price volume

Capital structure Board & management

*Pre June 2015 placement

For

per

sona

l use

onl

y

Contact Details Matt Shackleton, Executive Chairman m: +61 (0)438 319 841 t: +61 8 9322 1003 e: m.shackleton@goldphyre.com.au

ABN 68 192 345 678 31 Ord Street, West Perth

Western Australia 6005 www.goldphyre.com.au

Brenton Siggs, Technical Director m: +61 (0)427 075 225 t: +61 8 9322 1003 e: b.siggs@goldphyre.com.au

Targeting Australia’s Potash Demand

Appendices following

For

per

sona

l use

onl

y

14

Potash and SOP

7. The Lake Wells Potash Project is aiming to become the first Australian brine SOP

operation meeting the domestic market demand

Plant nutrition

Phosphate fertilisers

Nitrogen fertilisers

Potassium fertilisers

Potassium nitrate [K, N]

Sulphate of potassium magnesia [K, Mg, S]

Muriate of potash [K, Cl]

Sulphate of potash [K, S]

Mg

Ni

Cl

SK

K

K

K

S

Hard rock depositsBrine deposits

China

USA

Chile

Australia ASX: RWD

ASX: AMN

ASX: RUM

Goldphyre Resources

Limited

1. Potassium is one of the three

ESSENTIAL primary

agricultural nutrients

2. There are 4 basic sources of potassium fertilisers

3. Sulphate of Potash (SOP) is the PREMIUM potassium

fertiliser ingredient

4. Primary SOP is sourced from hard rock and brine (liquid)

deposits

5. Three countries have active

brine SOP operations

6. Australia will become the

fourth country producing brine

SOPFor

per

sona

l use

onl

y

2%2%

SOP 9%

MOP 86%

SOP is priced at an approximate 30% premium to muriate

of potash (MOP)

• Pressure on premium predicted to widen due to instability in the MOP market forcing increased reliance on SOP

• Primary sources of SOP are very rare with secondary processing costs high - supply/demand equation

15

SOP market segment globally 5million tonnes

$US3.5billion

Primary

Mannheim

Sulphate salts

Other

0% 8% 17% 25% 33% 42% 50%

Primary sources of SOP are generally brine deposits

• Cheapest method of production: average cost US$200 per tonne • Efficiency of evaporative operations highly contingent on evaporation and rainfall at that site

Sulphate of potash is a premium source of potassiumF

or p

erso

nal u

se o

nly

forecast data

16

$US

0

250

500

750

1000

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

SOP SOP Price Trend MOP

30 July 2013: CEO Uralkali pulls out of Belarusian Potash

Company cartel

Potash price trend and SOP premium

12 June 2015: MOP is retailing at A$590-A$620/

tonne SOP is retailing for A$1,140/tonne

For

per

sona

l use

onl

y

forecast data

17

Mill

ion

to

nn

es

0

2

4

6

8

2012 2013 2014 2015 2016 2017 2018 2019 2020

7.16.8

6.56.2

65.7

5.55.3

5.1

CAGR forecast at 4% per annum to 2020

Parthenon Analysis

SOP global demand forecast to growF

or p

erso

nal u

se o

nly

forecast data

18

Australia imports 100% of its potash

Australian farmers face massive swings in the farm gate

price of potash (both MOP and SOP) due to the: • USD/AUD exchange rate • macro-economic factors within the potash industry • isolation/logistics/shipping

0

175

350

525

700

$US

0.0

0.3

0.6

0.8

1.1

2001 2003 2005 2007 2009 2011 2013 2015 2017 2019

AUD v USD (LHS) MOP (RHS) SCENARIO: MOP pricing forecast to increase, AUD forecast

static

For

per

sona

l use

onl

y