May 2020

Corporate Presentation

SensOre – Discovering more with AI enhanced exploration

SensOre aims to become the top performing minerals targeting company in the world through deployment of AI Machine Learning technologies

DISRUPTING CONVENTIONAL EXPLORATION

SINGLE STEP FROM REGIONAL SCALE TO DRILL TARGET

FURTHER ADVANCED THAN COMPETITORS

BUILDING ACREAGE IN PROLIFIC GOLD REGION

SEVEN TARGETS TO BE TESTED IN 2020

BUILDING STRATEGIC PARTNERSHIPS WITH TOP TIER COMPANIES

CURRENT FOCUS ON GOLD AND NICKEL IN WA

EXPANDING TO INCLUDE ADDITIONAL COMMODTIES

EXPANSION TO AUSTRALIA-WIDE DATA CUBE IN 2020

INTERNATIONAL GROWTH NORTH AMERICA AND SCANDINAVIA 2020-2021

Industry in need of change

The mineral sector faces a significant challenge in discovering the mines of the future. New discoveries are becoming increasingly more difficult and the exploration pipeline is being filled with lower grade, previously uneconomic projects that do not meet current investment hurdles

Breakthroughs in Machine Learning

Rapid Machine Learning advances have transformed multiple industry sectors and mineral exploration is one of the next sectors to be disrupted

AI/ML Discriminant Predictive Targeting®

Discriminant Predictive Targeting® uses best of human modern exploration teamed with capacity of AI and Machine Learning technologies

Follows a logical process of:1. human data collection and

cleaning 2. machine assisted

optimisation and prediction3. human analysis and

DECISION making

Competitive Advantages over Exploration and Mining Industry

SensOre’s competitive advantage is its data cube combining +1,800 layers of data, cleaned and integrated, combined into a predictive model that can move in one pass from the regional scale to drill target

Competitive Advantage – Mining Industry

• Conventional exploration uses only 20-40% of data in separate interpretive steps, reflecting human bias. SensOre uses all data simultaneously in single step to drill target

• Uses feature engineering approach applied is routinely in oil and gas industry

• Predicts; location, size, footprint, grade and depth

• Accurately predicts +85% of known endowment

• Objective to reduce number of targets tested and discovery costs 10-100 fold

SensOre Data Cube DPT®‘Conventional Exploration’

Advantages of Discriminant Predictive Targeting®

Competitive Advantages over AI/ML targeting companies

SensOre’s proprietary DPT® technology combined with data cube allows discovery to be focused at a discrete cell level, creating a unique simultaneous one-step process using all data to generate drill-ready targets

Competitive Advantages overAI/ML targeting companies

SensOre technology platformDiscriminant functionality to predict size, footprint, grade and depth with focus on economic parameters – new mines, not resources

Appropriate ML algorithms specifically selected then applied to fundamental data and data derivatives, not only images

+25 individual ML algorithms used from all ML classes: Supervised, Semi-supervised, Un-supervised, Reinforcement

Specific correlations between training deposits and each cell utilising all layers in data cube

Utilises standard minimum cell size 400 x 400m

Use of ore deposit extended geochemical data for predicting and vectoring endowment characteristics. Proprietary ML tools AGLADS®

and iFERTILE

®

Competitive Advantages overAI/ML targeting companies

SensOre data cubeSensOre Data cube (2020) +14 billion data points (data + derivatives) in +1,800 layers. All used for deposit data layer correlations and prediction

Data cube +10 years in development, huge investment in data curation and cleaning

Unique data cube seamlessly expanding by combining public, research and proprietary data

Data cube includes all data plus imputed ‘infill’ data utilising feature engineering - routine in oil and gas industry. Application of optimum transformation techniques

Vast Western Australia industry legacy data acquired, extracted, cleaned and integrated• +6.5 million surface samples • +250 million drill hole samples

Competitive Advantages overAI/ML targeting companies

Scale of applicationSensOre uses terrane wide data cube combined with terrane wide training (deposit) points to;• Correlate maximum target signals/signature deposit types• Predict all deposit analogues This compares to competitors prediction confined to specific local analogues

Application of global scale deposit and data correlations to maximise potential deposit signals/signatures and predictions;• specific to commodity• specific to deposit types and styles• across commodities• across deposit types and styles

®

Revenue Model

Revenue generated from data and technology and from exposure to exploration success

Data Revenue• Services - target services + upside exposure via royalty,

equity and recurring revenue stream

• Technology – recurring revenue stream through enterprise licensing of DPT® system tools

Target Generation Revenue• Assets - tenure equity, royalty and investments

SensOre is a platform where revenue is generated from data cube development and from the monetising of drill targets generated

Western Australia

Boodanoo

Mt Magnet JV

Mt Magnet

Tea Well JVTea Well

Christmas Well

Nth Desdemona JV

JV Projects 100% Projects

Western Australia - Yilgarn

• Strategic focus on gold in WA

• Predicted 50+ targets >1M ounces

• Acquired 550 km²+ containing eight targets

• Advanced JV negotiation on one target

• Seven targets to be tested in 2020

• Predicted new prospective greenstone terrane >30,000 km²– mostly open ground – under evaluation

• Planned expansion to Australia-wide cube in 2020

SensOre generates revenue from targets generated that result in royalty and equity positions from wholly-owned targets on vacant ground and from a number of third party joint ventures Providence Bore

Perth

Kalgoorlie

Tea Well Project Summary –Yilgarn Exploration Ventures 100% & JV

Geology:Thick sequence of Archaean greenstone:• Mafic and ultramafic volcanics• Felsic volcanics• Sediments – (Yaloginda fm) BIF, jaspilite, chert,

shale, coarse clastics)• Gabbro & dolerite intrusions

Structure:• South plunging NNE ‘Polelle’ regional synform• Mapped & interpreted major NE SW faults along

fold axis• Mapped & interpreted ENE cross faults

Mineral systems:• x2 Large predicted mineral systems• Meekatharra – 12km N-S x 4km E-W – extensive

known endowment• Tea Well Target – 6km N-S x 4km E-W – no known

endowment

Previous Exploration:• Low number (68) surface samples• No drilling

Predicted Target:• Large multiple +5Moz coherent predicted target cell

clustero Deep high-grade southern portion of target –

potential underground targeto Shallow, moderate-grade northern portion of

target – potential open pit target

Ownership:• Target acquired in 2019-2020

o Yilgarn Exploration Ventures 100%o JV – Yilgarn Exploration Ventures earning 85%

through expenditure of $2.5M

Tea Well Project Summary− Yilgarn Exploration

Ventures 100% & JV

Competitor Analysis

Machine Learning and AI for the mining sector is developing quickly, rapidly catching oil and gas. The growth in ML and AI in other sectors has been rapid with a number of unicorn companies emerging with venture capital and private equity support in industrials, defence, health and services sectors

Competitor Analysis

$- $5 $10 $15 $20 $25

Minerva Intelligence

Windfall Geotek

Goldspot

Azimut Exploration

TSX-Listed Competitors’ Market Capitalisation C$ Millions

Source: TSX 30 November 2019

Source: Competitor Analysis from Minerva Intelligence 31 March 2019

Listed Competitors

Competitor Analysis

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$1,000 $1,200 $1,400 $1,600 $1,800

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Non-Mining AI Startups 2019 by Capital Raised

Source: CB Insights 2019

Global Opportunities

SensOre has identified data rich areas conducive to the development of data cubes in Europe, North and South America and other states of Australia

Development of data cubes is conditional on anchor clients willing to fund or partially fund data cube development

Timeline

SensOre has corporatised and recruited a management team for the next phase of growth. The major focus is on developing the revenue streams for Yilgarn from data services and royalty interests. The next phases are structured around scaling the platform Australia-wide and globally

Board & Executive

SensOre has a highly qualified and experienced board and executive team that covers both the minerals and technology sectorsRobert Peck AMChairmanRobert is a founding Principal of peckvonhartel architects with 50 years experience in the architectural, development and infrastructure sectors, and the building industry Nationally and in South East Asia. He is former President of the Australian Assoc. of Consulting Architects, founding Director of Japara Healthcare, former Chair at Ivvy, a leading event booking and software business and Director of the RVF Group

Anthony O’SullivanDirectorOver 30 years’ experience in mineral exploration, technology and project development. Former BHP Global Exploration Leadership team member. Multiple start-ups including QPX focused on deploying artificial intelligence and machine learning to improving mineral exploration outcomes

Nic LimbDirectorNic Limb is the Chairman of FAR Limited, an ASX-listed oil exploration and development company. Nic qualified as a geophysicist and worked through the late 70s and 80s in the mineral exploration field in Australia. He then worked for a number of years in banking as a resource specialist involved in financing and merger and acquisitions

Adrian MangerDirectorSenior business executive with 30 years’ minerals industry experience, comprising 20 years in executive and leadership roles with BHP. Founded and successfully commercialised private Australian and Chilean mineral exploration companies

Board & Executive

SensOre has a highly qualified and experienced board and executive team that covers both the minerals and technology sectors

Richard TaylorChief Executive OfficerRichard has held senior executive roles in the resource sector for more than 15 years. Prior to this role he was CEO of ASX-listed Terramin Australia Ltd, developing projects in North Africa and South Australia. Specialising in business development, strategy and governance, Richard is a qualified lawyer. He holds an MBA from the University of Cambridge and a Master degree in Law from ANU

Robbie RoweChief Operating OfficerRobbie has +30 years of experience in gold and copper exploration from greenfield to mining environment. Robbie was former Chief Geologist and VP Exploration Australia Africa Asia region with Barrick Gold Corporation. UNCOVER exec and independent consultant to the mining industry, government and academia

Alf EggoChief Technology OfficerAlf has +37 years of leading roles in technical excellence, 16 years with Rio Tinto, and 24 years as an independent consultant. Alf’s core skills are in geochemistry, and a focus on the application of Machine Learning applied to large, multi-disciplinary databases to support mineral exploration

Rohan GillespieChief Commercial OfficerRohan has +35 years’ experience in the resources and energy sector including senior roles in engineering and business development with BHP and corporate finance with Commonwealth Bank. Since 2006 Rohan has been a corporate advisor and incubator of start-up ventures in energy and technology

James PotterExploration ManagerJames has +20 years’ experience in mineral exploration, predominantly in Western Australia but also international localities. James brings practical and hands on field management expertise from former roles as Exploration Manager with La Mancha Australia, Principal Consultant with CSA Global and Principal Geologist with Evolution Mining

Summary

SensOre, through Discriminant Predictive Targeting®, will disrupt greenfield & brownfield exploration targeting workflow. Potential to deliver transformational orders-of-magnitude improvement in exploration performance

Utilisation of available big data with focus on economic parameters will change investment decisions and follow-on capital allocation in mineral exploration sector. Early adopters to differentiate from current market

Business model to deliver revenue through assets, services and technology via transactions and recurring revenue streaming

Disclaimer & Forward-Looking Statements

DisclaimerThe material contained in this presentation has been prepared by SensOre Group. It is current as at the date of this presentation. It contains information in a summary form and should be read in conjunction with SensOre’s other periodic announcements available at www.sensore.com.au. An investment in SensOre shares is subject to known and unknown risks, many of which are beyond the control of SensOre. In considering an investment in SensOre shares, investors should have regard to (amongst other things) the risks outlined in this presentation and in other announcements and disclosures made by SensOre. This presentation contains statements, opinions, forecasts and other material based on various assumptions which may or may not be correct. The information contained in this presentation does not take into account the investment objectives, financial situation or particular needs of any recipient and is not financial advice or financial product advice.

To the extent permitted by law, SensOre, its directors, officers, employees, agents, advisers and persons named in its presentation: give no warranty or guarantee as to the accuracy or likelihood of fulfilment, any assumptions upon which any part of this presentation is based or the accuracy, completeness or reliability of the information contained in this presentation; accept no responsibility for any loss, claim, damages, costs or expenses arising out of, or in connection with, the information contained in this presentation.

Competent Person StatementThe information in this presentation that relates to Exploration Results and Mineral Resources is based on information compiled by Robbie Rowe, a Competent Person who is a Member of The Australasian Institute of Mining and Metallurgy (AusIMM). Mr Robbie Rowe is an employee and Principal Geologist of SensOre. Mr Robbie Rowe has sufficient experience that is relevant to the style of mineralisation and type 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 Exploration Results, Mineral Resources and Ore Reserves’. Mr Robbie Rowe consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

SensOre Group Unit 7, 5 Tully Road, East Perth WA 6004

SensOre Ltd Level 17, 530 Collins Street, Melbourne VIC 3000

CONTACTinfo@sensore.com.au+61 3 9618 2500