BEACONSFIELD GOLD MINE

One of the Richest Gold Mines in Australia

1.8 million ounces historic production

March 2020

NQ Minerals – Beaconsfield Gold Mine Acquisition

Beaconsfield Gold Ore Gold Pour at Beaconsfield Beaconsfield Gold Bars

The information contained in this presentation is for informational purposes only and is not a recommendation as to whether to invest in NQ Minerals plc shares. The information contained in this

presentation is not investment or financial product advice and is not intended to be used as the basis for making an investment decision.

The presentation has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person. Unless otherwise specified, data and

tables set out in this presentation are based on NQ Minerals plc management estimates. 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 NQ Minerals plc or, its directors, or any of their employees

or agents, nor any other person accepts any liability, including without limitation, any liability arising out of fault or negligence, for any loss arising from the use of the information contained in this

presentation. In particular, no representation or warranty, express or implied is given as to the accuracy, completeness or correctness, likelihood of achievement or reasonableness or any

forecasts, projections, prospects or returns contained in this presentation nor is any obligation assumed to update such information.

Such forecasts, prospects or returns are by their nature subject to significant uncertainties and contingencies. Past performance is no guarantee of future performance. This presentation includes

“forward-looking statements” within the meaning of securities laws of applicable jurisdictions.

Forward-looking statements can generally be identified by the use of forward-looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “believe”,

“continue”, “objectives”, “outlook”, “guidance” or other similar words, and include statements regarding certain plans, strategies and objectives of management and expected financial performance.

These forward-looking statements involve known and unknown risks, uncertainties and other factors, many of which are outside the control of NQ Minerals plc, and any of their officers, employees,

agents or associates. Actual results, performance or achievements may vary materially from any projections and forward-looking statements and the assumptions on which those statements are

based. Readers are cautioned not to place undue reliance on forward-looking statements and NQ Minerals plc assume no obligation to update such information.

COMPETENT PERSONS REPORT

The Resource information in this report is based on information (third party consultants) compiled by Mr. Roger Jackson who is a 20+ year Member of the Australasian Institute of Mining and

Metallurgy and a Member of Australian Institute of Company Directors. Mr. Jackson has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration

and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration results, Mineral Resources and

Ore Reserves’. Mr. Jackson consents to the inclusion of the resource reports referenced in this presentation on the matters, form and context in which the relevant data appears.

Disclaimer

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One of the Richest Gold Mines in Australia

1.8 million ounces of Gold Produced

Beaconsfield Gold Mine

A c q u i s i t i o n & M i n e R e - O p e n i n g

• NQ acquiring the High-Grade Beaconsfield Gold Mine in Tasmania, Australia.*

• Currently in due diligence and mine re-opening planning phase.

• Recalculation of new gold resources underway.

• Significant gold resource potential in line with increased gold price.

NQ’s Hellyer Gold MineLead/Zinc/Gold/Silver

* See NQ Minerals PLC press release dated February 21, 2020

H I S T O R Y C O M E S T O L I F E

BeaconsfieldGold Mine

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Period Mined

Million Tonnes

Gold Grade

(g/t)

Gold Recovered

(koz)

1877-1914 1.1 ~25 854

1999-2012 2.7 11 923

Totals 3.8 ~15 1,777

J

Beaconsfield Gold Mine

H I S T O R Y C O M E S T O L I F E

Beaconsfield Processing Plant

Old Mine Workings at Surface

Hart Shaft – currently Heritage Mine Museum

Beaconsfield pre-1914

Jumbo development underground at Beaconsfield

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W I L L I A M P E N N A D A I R

Re-Opening Plan

Beaconsfield Gold Mine

Beaconsfield Mine Re-Opening Plan:

•Re-commission processing plant.

•Cost and develop a new 3km long decline from

surface to 400m below surface.

•Commence gold production ASAP.

Very High Grade Vein Gold from 840mL

H I S T O R Y C O M E S T O L I F E5

The Processing Plant:• Only permitted gold processing plant in North Tasmania.

• Plant has proven track record (>90% gold recovery).

• Fully permitted tailings dam.

• Experienced local workforce.

• Early cash flow from plant recommissioning plans with

retreatment of surface stockpiles.

The Mine:• 593 hectares of mining lease covering the famous Tasmanian

Reef, open pit potential, new reef discovery potential and

infrastructure.

• A new mine access decline is the key to re-opening Beaconsfield

and providing for long-term low-cost operations for many years.

• Tasmania Reef drilled to 300m below mine depth. Open to depth.

Beaconsfield Gold Mine

Permits in place

Early Cash Flow Plans

H I S T O R Y C O M E S T O L I F E

Permitted Tailings Dam at Beaconsfield Typical mine decline access Portal

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Beaconsfield Gold Mine

H I S T O R Y C O M E S T O L I F E

Beaconsfield Gold Processing Plant:

• Constructed 1999.

• Processing capacity 350,000 tpa.

• Comprises crusher, Ball Mill, Gravity Gold Circuits, Flotation,

Bacterial Oxidation, Cyanide Leaching, Cyanide Detoxification.

• Process plant can treat both free milling and refractory material.

• Fully permitted.

• Replacement value today of over $80 million.Gold Processing Plant

Beaconsfield Gold Bars

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Beaconsfield Gold Mine

Processing Flow Sheet

H I S T O R Y C O M E S T O L I F E

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Beaconsfield Gold Mine

H I S T O R Y C O M E S T O L I F E

Ore Body Open to Depth

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Beaconsfield Gold Mine

H I S T O R Y C O M E S T O L I F E

Gold Potential at Depth

Current Bottom of Mine

Drill Hole # Metres (m) Gold (g/t)

J17 24.3 8.8

F91 7.0 21.7

F88 11.0 15.4

J14 6.6 11.3

J10 2.5 32.4

10Note: This Long Section was published by BCD Resources in November 2011. The mine continued operating until June 2012.

Beaconsfield Gold Mine

H I S T O R Y C O M E S T O L I F E

New Planned Mine Decline Access

New proposed decline in footwall of historic workings at Moonlight-cum-

Wonder and Tasmania Reefs

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Beaconsfield Gold Mine

H I S T O R Y C O M E S T O L I F E

Gold Strategy

Proposed New

Decline PortalProcessing

Plant

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NQ Minerals PLC

H I S T O R Y C O M E S T O L I F E

London NEX: NQMI

For further information, please contact:

David Lenigas

Chairman

lenigas@nqminerals.com

Roger Jackson

Executive Director

roger.jackson@nqminerals.com

Tel: +61 400 408 550

Colin Sutherland

Chief Financial Officer

colin.sutherland@nqminerals.com

Tel: +1 416 452 2166

www.nqminerals.com