Value realisation through the recognition, exploration & discovery of high value mineral projects

August 2019

Copper - Cobalt - Gold - Iron

Competent Person’s Statement & Disclaimer

The information contained herein that relates to Exploration Results, Mineral Resources, Targets or Ore Resources and Reserves is based on information compiled or reviewed by Mr CliveJones, who is an employee of the Company. Mr Jones is a Member of the Australasian Institute of Mining and Metallurgy and has sufficient experience which is relevant to the style ofmineralisation and types of deposit under consideration and to the activity which they are undertaking to qualify as a Competent Persons as defined in the 2012 Edition of the‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Jones consents to the inclusion of his name in the matters based on the information inthe form and context in which it appears. The information that relates to the Mineral Resource Estimate at Parker Range has been authorized by Mr Trevor Stevenson who is a Fellow ofthe Australasian Institute of Mining and Metallurgy and a Chartered Professional Geologist (FAusIMM CP). He is also a Member of MICA (MMICA). Mr Jones, Mr Horn and Mr Stevensonhave sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as a Competent Personsas defined in the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Jones, Mr Horn and Mr Stevenson consent to the inclusion in theirnames in the matters based on their information in the form and context in which it appears.

Certain statements contained in this presentation, including information as to the future financial or operating performance of Cazaly Resources Limited and its projects, are forward-looking statements that:

■ May include, among other things, statements regarding targets, estimates and assumptions in respect of mineral reserves and mineral resources and anticipated grades and recoveryrates, production and prices, recovery costs and results, capital expenditures, and are or may be based on assumptions and estimates related to future technical, economic, market,political, social and other conditions;

■ Are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Cazaly Resources Limited, are inherently subject to significant technical,business, economic, competitive, political and social uncertainties and contingencies; and,

■ Involve known and unknown risks and uncertainties that could cause actual events or results to differ materially from estimated or anticipated events or results reflected in suchforward-looking statements.

▪ The results and some technical information reported herein have previously been reported by Kunene Resources Limited (“KNE”) or INV Metals Ltd (“INV”) and not Cazaly Resources Ltd (“CAZ”)

▪ Data was sourced from data as reported in various releases and reports as outlined in Cazaly ASX releases dated 26 march, 2018

▪ Nothing has come to the attention of Cazaly that causes it to question the accuracy or reliability of the former owner’s Exploration Results, however Cazaly has yet to independently validate the former owner’s Exploration Results and therefore is not to be regarded as reporting, adopting or endorsing those results.

▪ The Company has not fully completed feasibility studies on all of its projects. Accordingly, there is no certainty that such projects will be economically successful. Mineral resources that are not ore reserves do not have demonstrated economic viability.

Disclaimer and Important Information

Level 2, 38 Richardson Street, West Perth, Western Australia, 6005. PO Box 396, West Perth, Western Australia, 6872

Phone: +61 8 9322 6283 Fax: +61 8 9322 6398 email: admin@cazalyresources.com.au

ACN 101 049334 www.cazalyresources.com.au

CAZALY Resources Ltd• Strong track record of project recognition, acquisition & discovery

• Maintain a broad portfolio whilst focussing on key projects

• Current focus on new age Battery Grade materials, Copper and Gold

• Deep portfolio of other mineral assets including iron ore and uranium

• Tight share capital control

SECURITIES CAZALY SHARES/OPTIONS

EXISTING SECURITIES 230,366,599

Unlisted Options ($0.06 – 0.216 strike) 66,920,000

Market Capitalisation ~$6M

Conditional Shares, Kaoko Project:Vendor payment on resource definition*

10,500,000

* Upon the delineation of a JORC compliant resource containing at least 10,000t of contained cobalt (or other metal equivalent)

OUR PROJECTSKAOKO Kobalt (Copper-Cobalt, Namibia)

Recently acquired project in the new, emerging Kunene Cobalt province in Namibia

Mount Venn (Gold, WA)

Lightly gold explored greenstone belt adjacent to Gold Roads’ Yamarna project

(Subject to sale)

Parker Range Iron Ore (Iron Ore, WA)

Near mine-ready iron ore deposit located in the Yilgarn region of Western Australia

(Subject to sale for $13M plus royalties)

McKenzie Springs (Nickel/Graphite, WA)

Nickel/graphite project adjoining Savannah Nickel Mine (FIN Resources earning 51%)

Other Projects

Kurabuka Creek: Base metals in the Bangemall Basin; Zn to26.1%, Pb to 28.1%

Halls Creek: Kimberleys Cu-Zn –Ag discovery

Czech Uranium: Brzkov & Horni Venice projects, located in the Czech Republic

Multiple commodities in diverse jurisdictions

KAOKO KOBALT Project

HIGHLIGHTS

▪ Located in the Kunene Cobalt Province, Northern Namibia

▪ Hosts the probable continuation of Celsius Resources’ Opuwo cobalt –copper bearing ‘DOF’ horizon

▪ Project contains potential for ~80km of prospective ‘DOF’ equivalent

▪ Additional, very large ~20km x 5km long Cu-Co soil anomaly associatedwith magnetic anomaly – potential DOF Cu-Co source?

▪ Numerous, widespread Cu occurrences, grab samples to 38% Cu

Large scale, cobalt-copper project in a newly emerging cobalt province in Namibia

“

NAMIBIA

A Stable Mining Jurisdiction

▪ Stable government and

fiscal regime

▪ Transparent mining

legislation

▪ Excellent regional

infrastructure

▪ Ruacana hydroelectric

power station nearby

▪ Project located ~800km by

road from Windhoek &

~750km to Walvis Bay port

KAOKO

“

Kaoko Kobalt Project

Overview

▪ Project comprises recently granted exploration licence EPL6667 and two new

licence applications EPL7096, 7097

▪ Covers a very large area; >100km long by 10-15km for ~1,410km2

▪ Area hosts the Neoproterozoic Kaoko Belt, which represents the western

extensions of the Copper-Belt of the DRC and Zambia

▪ Prospective for Copper-belt style stratabound Cu-Co mineralisation

▪ Abuts Celsius Resources Ltd (ASX:CLA) Opuwo Cobalt project

▪ CLA has defined Co-Cu mineralisation for ~11km at Opuwo

▪ CLA Maiden Co-Cu sulphide resource for Opuwo; 12Mt @ 0.11% Co & 0.41% Cu

Geotectonic SettingDR Congo

Location of the Kaoko Belt in relation to major cratons and Proterozoic mobile belts in Southern Africa

Stratigraphic Correlation

▪ Comparison between the stratigraphy of the Kaoko and Zambian Copper Belts

▪ The Zambian Copperbelt is unusual among sediment-hosted stratiform copper districts in having

abundant Co and low Ag, Zn, and Pb

▪ Prospective Lower Omombo contact analogous to the highly productive Ore Shale zone in the Zambian

Belt which hosts the majority of Cu-Co ore deposits

▪ The Ore Shale is a reductive unit sitting above oxidised arenaceous sediments close to basement (&

source fluids) – analogous to the reductive DOF unit in the Kaoko Belt

(INV Metals, 2012)

Kaoko BeltNamibia

Zambian Copperbelt

‘DOF’

KAOKO Project Setting

▪ Project covers over 80km of the highly prospective ‘DOF’ (Dolomite Ore Formation) (CLA DOF ~114km)

▪ Very large Kamwe prospect; ~20km by 5km target, possible source of the ‘DOF’ Cu-Co mineralisation?

KAMWE Target▪ Co & Cu anomalies defined from 1km x

1km soils survey (ICP data, 2014)

▪ KAMWE target;

o Large 20km by 5km anomaly

o Anomalous Co-Cu-Zn-Mn

o Coincident magnetic low

o Outcropping copper bearing gossans identified

o Assays including 17.8% & 10.2% Cu 0 10 20 30 40 50km

Co in Soils

(ICP data)

0 10 20 30 40 50km

Kamwe

Magnetic

Anomaly

KamweCo-Cu

Cobalt

Copper

0 10 20 30 40 50km

KamweCo-Cu

Mount Venn Gold✓ EXTENSIVE GROUND POSITION

✓ CAMP SCALE GOLD TARGETS

✓ YAMARNA BELT REGION

✓ “GRUYERE” Look-alike TARGETS

Yamarna Shear Zone

& Associated

Greenstone Belts

▪ Mount Venn belt associated with the Yamarna Shear,

adjacent to Gold Road Resources’ (ASX:GOR)

emerging world class Yamarna Gold Project

▪ Look-alike belt to the Dorothy Hills belt, host to GOR’s

Gruyere gold deposit (6.16 Mozs. gold)

▪ Approximately 50km of strike in one of the most

under-explored greenstone belts in Western Australia

▪ Exploration to focus on Camp Scale gold targets

PROJECT CURRENTLY SUBJECT TO SALE

to Woomera Mining Ltd.

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Parker Range Iron OreOverview

▪ Quality DSO haematite-Goethite resource, ready to mine

▪ Excellent infrastructure, existing road, rail & port

▪ Feasibility Studies done, key approvals received

▪ Initial 8-9 years mine life, low Phos., highly marketable ‘sinter’

feed blend ore

▪ Granted Mining Licence, active mining region

▪ Contract mine, ramp up production to 4.2Mtpa

▪ Truck 58km to rail head, rail to port, export to market

PROJECT CURRENTLY SUBJECT TO SALE

Thank You

CAZALY RESOURCES LIMITED

Nathan McMahonManaging Director

ACN 101 049 334 ASX: CAZ

Clive JonesManaging Director

Corporate Office:Level 2, 38 Richardson Street, West Perth, Western Australia, 6005

Terry GardinerNon-Executive Director

admin@cazalyresources.com.auPh: +61 8 9322 6283

Don HornExploration Manager

www.cazalyresources.com.au