Explaurum Limited

developingThe Tampia Gold Project

southwest Western Australia

SEPTEMBER 2015

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The Value Equation Australian focused gold exploration and development company

Flagship Tampia Gold Project in Western Australia, located 200km NE ofBoddington and 100km south of Edna May gold mines

Tampia hosts the shallow, high grade Gault deposit with a 2012 JORC InferredResource of 4.7Mt at 2.0g/t Au (310Koz), open in all directions

Previous drilling intercepts include 17m at 27.5g/t, 11m at 28.1g/t, 25m at10.1g/t and 5m at 34.9g/t Au

Strong Board and Management team with proven record in gold exploration,development and production. John Lawton, Mark Calderwood, Greg Partingtonto drive exploration and development program

Planning for 3000m drilling and metallurgy in October 2015 in progress

Multiple development options - early production potential via toll treatmentoption

Positive gold fundamentals

A$3.5m valuation, high grade shallow resource confirmed

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Company OverviewFocus on developing high grade Tampia Gold Project in Western Australia

Capital Structure

ASX Code EXU

FPO Shares on Issue 138.0M

Unlisted Options 23.3M

Share Price (25 Sept 2015) $0.025

Market Capitalisation $3.45M

Top 20 Shareholders 53.5%

Directors and Management 5.8%

DirectorsChris Baker – Non-executive Chairman

Widespread operational and management experience in the Australian and New Zealandresources sector. Current positions include: CEO of Straterra, representing the mineralssector in New Zealand; Chairman of the Coal Association of New Zealand; Chairman ofMinEx, the Health and Safety Council of New Zealand. Formerly a non-executive Directorand then Chairman of the listed Company Auzex Resources Limited (October 2005 to April2012) and Auzex Exploration Limited (November 2012 to August 2015).

John Lawton – Managing Director

Former Managing Director of Auzex Exploration Limited, John Lawton has extensiveexperience in the Australasian resources sector through exploration, project development,operations and corporate management, particularly in gold. Co-founded Ross Mining NL in1986 developing 7 gold mines in 12 years. Founded Auzex Resources Ltd (and heldpositions of Executive Chairman and Managing Director) which successfully identified anddeveloped the Bullabulling Gold project to more than 3.4m ounces of gold.

Mark Calderwood – Technical DirectorAs former CEO of Perseus Mining took the Company from IPO to production with the WorldClass, Edikan gold mine in Ghana. Other ‘World Class’ gold discovery involvement includesTarmoola mine in WA and the giant Kibali (Moto) mine in the DRC. He is currently non-executive Chairman of Manas Resources Ltd and a non-executive director of Burey GoldLtd.

Patrick Flint – Non-executive DirectorMr Flint has been involved in the resources sector as a director or company secretary ofASX and Toronto Stock Exchange listed companies with mineral projects in Australia, Africaand Asia for the past 20 years. He has significant experience with project acquisitions, jointventure negotiations and management, fundraising and corporate matters. He is currentlynon-executive Chairman of Nemex Resources Ltd and AVZ Limited and company secretaryof Red Metal Ltd.

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Tampia Gold ProjectNAREMBEEN, WESTERN AUSTRALIA

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Tampia Gold ProjectThe flagship project is the 90% owned high grade Tampia Gold project located 300km east ofPerth, near Narembeen in the wheatbelt of Western Australia.• Shallow open-pittable, resource from surface to 100m depth with mineralisation open in all

directions.• Excellent upside potential – only a small portion of the greenstone belt extending over 15km

drilled to date.• Project under-explored: Gault prospect discovered by BHP Gold in 1987 – most exploration

has been focused within 1% of the greenstone host.

• Previous drilling includes 17m at 27.5g/t from 8m, 11m at 28.1g/t from 21m, 9m at 18.3g/t from 19m and 11m at 10.1g/t from 50m (same hole), 25m at 11g/t and 25m at 10.1g/t from surface to the end of the holes

• Explaurum holds 90% of the project: private interests 10% free carried to feasibility.

• Exploration assessment program has commenced.• Second Stage Diamond drilling program completed

August 2015.• Planning RC drilling and followup metallurgy in

October 2015 in progress

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Previous Exploration BHP Gold Mines Ltd 1987 – 1990

• Soil sampling, RAB (1,197 holes/14,711m) and diamond drilling (18 holes / 2,944m) at Gault;

Dry Creek Mining NL / Nexus Minerals NL 1990 – 2000• RAB drilling at Smoker prospect (40 holes/1,145m) and RC drilling at Gault (53 holes / 4,553m).

Previous exploration limited by private land ownership and litigation

Gault Prospect Inferred JORC 2012 Mineral Resource

• There has been no modern exploration since the mid 1990’sFor

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Tampia Gold Project – Air Magnetics & Gold Geochemistry

Highly anomalous gold in soil over 800m –RAB intercept 6m at 2.5 g/t Au

Current resource ~350kozF

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Gault Prospect Cross SectionF

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Tampia Gold Project

Shallow drilling only

Gap in drilling

Mostly shallow drilling

* Denotes ended in mineralisation# Denotes entire drill hole mineralised

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Recent Drilling – August 2015

Seven diamond core holes 766.5m –

Confirmed resource model – location and tenor of mineralised zones: significant intercepts include 26.6m at 1.82g/t Au from 52.8m (THDDH006); 4.3m at 1.86g/t Au from 20.6m (THDHH007); 7.7m

at 2.19g/t Au from 92.3m (THDDH009) and 6.0m at 2.17g/t Au from 23.9m (THDDH011)

Provided important structural and lithological data highlighting potential infill and extensions of mineralised zones for future drilling programs

Located two new zones of mineralisation: 7.1m at 3.54g/t Au from 117.9m (THDDH006) and 0.3m at 16.05g/t Au from 160m (THDDH009)

Core drilling was considered the most appropriate for the initial drill program to resolve the structural interpretation.

Future drilling will be reverse circulation (RC).For

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Recent Drilling – August 2015F

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Recent Drilling – August 2015

Apparent Cross Section of the Northern Gault zone facing 305°Apparent Long Section of the Northern Gault zone facing 35°

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Tampia Metallurgy Very limited historic diagnostic testwork (1999) - sulphide association recognised in a

1kg composite at 2.1g/t Au from a single drill hole

Recent test work (September 2015) indicates approximately 80% - 90% free millingpotential of fresh mineralisation; this is a significantly positive development

Gold recovery drops when arsenopyrite exceeds 1.5% - estimated 10% -15% of knownresource

Short term toll treatment option potential considerably enhanced – potential for+50,000 ounces from surface

Fresh material contains free gold, at sometimes very high grades

Characteristics of gold mineralisation (comminution, gravity separation, flotationpotential, leach recovery) to be defined during October 2015 test programF

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Development Considerations Gold mineralisation is high grade and near surface

The resource is well drilled in part to shallow depth, but open in all directions and at depth

The resource area has significant gaps in drilling – potential for increase with infill drilling

Significant potential for further discoveries within 10km radius – strong geochemistry and RAB

anomalies

Located on private land close to sealed roads, power, accommodation, services and labour

A future mining operation could be based in Narembeen township (pop. 500) 12 km from the

Tampia site

Located 130km from Edna May Mine, 135km from Bounty Mine, 150km from Marvel Loch and

170km from Southern Cross for potential toll treatment option; roads suitable for road-trainsFor

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Proposed Next Steps

Planning 3000m RC drilling program to target resource infill and extensions, as well

as regional targets within 10km of the known resource (October 2015)

Initial detailed metallurgical test work using recent diamond core to establish

characteristics of the Tampia gold mineralisation for future process design and

preliminary operating and capital costs (October 2015)

Detailed ground gravity program over the known resource and along strike to

better understand the geology and structural controls on mineralisation

(December 2015/January 2016)

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Competent Persons’ Statement and DisclaimerCompetent Persons’ Statement

The information in this presentation that relates to Exploration Results and Mineral Resources is based on information compiled by Dr Gregor Partington and MarkCalderwood, who are both Members of The Australasian Institute of Mining and Metallurgy. Dr Partington is also a Member of the Australian Institute of Geoscientists. DrPartington is the Operations Director and full-time employee of Auzex Exploration Limited and Mr Calderwood is Technical Director of Explaurum Limited and both havesufficient experience relevant to the style of mineralisation under consideration and to the activity which they are undertaking to qualify as a Competent Persons as definedin the 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Dr Partington and Mr Calderwood both consent tothe inclusion in this report of the matters based on their information in the form and context in which it appears.

Forward Looking Statements

This presentation has been prepared by Explaurum Limited and Auzex Exploration Limited and contains background information about Explaurum and Auzex current at thedate 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 andperform 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 in it constitutes an offer, invitation, solicitation or recommendation inrelation to the purchase or sale of shares. This presentation does not constitute investment advice and has been prepared without taking into account the recipient’sinvestment objectives, financial circumstances or particular needs and the opinions and recommendations in this presentation are not intended to representrecommendations of particular persons. Recipients should seek professional advice when deciding if an investment is appropriate.

All securities transactions involve risk, which include (among others) the risk of adverse or unanticipated market, financial or political developments.

To the fullest extent permitted by law, Explaurum Limited and Auzex Exploration Limited and their officers, employees, agents and advisers do not make any representationor warranty, express or implied, as to the currency, accuracy, reliability or completeness of any information, statement, opinions, estimates, forecasts or otherrepresentations 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 risk, uncertainties and assumptions that areoutside the control of Explaurum and Auzex. Actual values, results or events may be materially different from those expressed or implied in this presentation. Given theseuncertainties, recipients are cautioned not to place reliance on forward-looking statements. Subject to any continuing obligations under the applicable law and ASX ListingRules, Explaurum and Auzex do not undertake any obligation to update or revise any information or any of the forward-looking statements in this presentation of anychanges in events, conditions or circumstances on which any such forward-looking statement is based.

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