ELDERS MEETINGNGURUPAI (HORN ISLAND)

13 JUNE 2015

INTRODUCTION

• WE ARE AN EXPLORATION COMPANY

• JV WITH THE KAURAREG PEOPLE VIA THE KALT (KAURAREG ABORIGINAL LAND TRUST)

• LOOKING FOR GOLD DEPOSITS

• SPECIFIC FOCUS IS NGURUPAI PROJECT (HORN ISLAND) (EPM 25520)

• KAIWALAGAL (EPM 25418) IS A SATELLITE PROJECT THAT IS DEPENDANT UPON THE SUCCESS OF NGURUPAI

TENEMENTS

• EPM 25520 (NGURUPAI) – GRANTED 8 OCTOBER 2014

• EPM 25418 (KAIWALAGAL) – APPLICATION IN PROCESS

LAND TENURE

LOT 10 - TORRES SHIRE COUNCIL

LOT 4 - KAURAREG ABORIGINAL LAND TRUST

LOT 48 - KAURAREG ABORIGINAL LAND TRUST

LOT 49 - DNRM (QLD STATE GOVERNMENT)

MANAGEMENT

• MARK KERR – NE CHAIRMAN (CHAIRMAN - CONTANGO MICROCAP LIMITED)

• ANDREW BUXTON – MD (PREVIOUSLY MD OF KIDMAN RESOURCES LIMITED)

• BRUCE FULTON – NE DIRECTOR (FORMER CHIEF GEOLOGIST OF PORGERA)

• JOHN HOLLIDAY – TECHNICAL DIRECTOR (CO DISCOVERER OF CADIA 50M OZ AU & FORMER CHIEF GEOSCIENTIST OF NEWCREST MINING LIMITED)

• WILLIE WIGNESS – NE DIRECTOR (TS COUNCILLOR AND FEDERAL POLICEMAN - CHAIRMAN OF KALT)

• ALLEN G. REID – NE DIRECTOR (CEO OF KALT)

• HARRY SERIAT – NE DIRECTOR (EXECUTIVE SECRETARY OF KALT)

LOCAL STAKEHOLDERS

KALT (KAURAREG ABORIGINAL LAND TRUST)

• LAND HOLDER (LOTS 4 AND 48 - POSSIBLY LOT 49) • EQUITY PARTNER (7.5% FREE CARRIED INTEREST)• HAS THREE BOARD POSITIONS AVAILABLE WITH KAURARU GOLD

KNTAC (KAURAREG NATIVE TITLE ABORIGINAL CORPORATION)

• NATIVE TITLE• CULTURAL HERITAGE• EXPLORATION AGREEMENT WITH KAURARU GOLD

TORRES SHIRE COUNCIL

• LAND OWNER (LOT 10)• CONDUCT & COMPENSATION AGREEMENT (CCA)

INFRASTRUCTURE

THE JOURNEY – 2.5 YEARS

OCT 2012 – FIRST CONTACT DNRM RE NGURUPAI PROJECT

FEB 2013 – CONTACT WITH KALT – KS, WW, AR AND HS

APR 2013 – MEETING WITH KAURAREG SENIOR ELDER – WIGNESS SERIAT

MAY 2013 – FORMATION OF KAURARU GOLD PTY LTD

AUG 2013 – SUBMISSION TO REPEAL RA295

OCT 2013 – APPLICATION FOR EPM 25418 (KAIWALAGAL)

DEC 2013 – RA295 REPEALED

MAR 2014 – APPLICATION FOR EPM 25520 (NGURUPAI)

OCT 2014 – EPM 25520 (NGURUPAI) GRANTED

NOV 2014 – CHANNEL SAMPLING COMPLETED AT NGURUPAI

JUL 2015 – TARGET LISTING ON ASX AND COMMENCE EXPLORATION DRILLING

EXPLORATION TYPES

GEOCHEMISTRY

GEOPHYSICS

DRILLING

FUTURE TIME LINE

2015 – START EXPLORATION DRILLING

2016 – DEFINE RESOURCE (RESERVE)

2017 – ENVIRONMENTAL IMPACT STUDY (EIS)

APPLY FOR MINING LEASE

BANKABLE FEASABILITY STUDY (BFS)

2018 – BUILD PROCESSING PLANT

2019 – START PRODUCING GOLD

KAURARU GOLD UPDATE

• EPM 25520 (NGURUPAI) – GRANTED 8 OCTOBER 2014 AND SURFACE EXPLORATION COMMENCED

• EPM 25418 (KAIWALAGAL) – APPLICATION IN PROCESS

• TARGET LISTING ON AUSTRALIAN STOCK EXCHANGE (ASX) IN 2015

• COMMENCE EXPLORATION DRILLING IN 2015

KEY BENEFITS EMPLOYMENT – PROPER JOBS FOR KAURAREG AND LOCAL PEOPLE

INVESTMENT – PLANT DEVELOPMENT AND INFRASTRUCTURE

ECONOMIC – DIRECT AND INDIRECT VIA WAGES, GOODS AND SERVICES

DIVIDENDS – FOR KAURAREG VIA KALT EQUITY

ROYALTIES – KNTAC “RIGHT TO NEGOTIATE” FOR KAURAREG