• Large base metal system confirmed at 100%-owned Newman Project, WA

• High potential landholding in world class McArthur River zinc province

• Strategic Position in Major Lithium Belt at Forrestania

Building a significant Australian resources companyTargeting metals with outstanding growth potential

ASX Code: MZN

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Disclaimer

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General Disclaimer

This presentation contains summary information about Marindi Metals Ltd (Marindi) and iscurrent as 11 May 2017. The information in this presentation is of general background anddoes not purport to be complete.

This presentation is not investment or financial product advice (nor tax, accounting or legaladvice) and is not intended to be used for the basis of making an investment decision. Theinformation contained in this presentation has been prepared without taking into accountthe objectives, financial situation or needs of individuals. Investors should obtain theirown advice before making any investment decision.

Marindi has prepared this document based on information available to it at the time ofpreparation. No representation or warranty, express or implied, is made as to the fairness,accuracy or completeness of the information, opinions and conclusions contained in thispresentation.

This presentation contains certain “forward-looking statements”. Forward lookingstatements can generally be identified by the use of forward looking words such as,“expect”, “should”, “could”, “may”, “predict”, “plan”, “will”, “believe”, “forecast”,“estimate”, “target” and other similar expressions. Indications of, and guidance on, futureearnings and financial position and performance are also forward-looking statements.Forward-looking statements, opinions and estimates provided in this presentation arebased on assumptions and contingencies which are subject to change without notice, asare statements about market and industry trends, which are based on interpretations ofcurrent market conditions.

Forward-looking statements including projections, guidance on future earnings andestimates are provided as a general guide only and should not be relied upon as anindication or guarantee of future performance. This presentation contains statements thatare subject to risk factors associated with Marindi and the mining exploration industry. It isbelieved that the expectations reflected in these statements are reasonable, but they maybe affected by a range of variables which could cause actual results or trends to differmaterially.

Marindi disclaim any intent or obligation to publicly update any forward lookingstatements, whether as a result of new information, future events or results or otherwise.

To the maximum extent permitted by law, Marindi, their related bodies corporate (as thatterm is defined in the Corporations Act 2001 (Cth)) and the officers, directors, employees,advisers and agents of those entities do not accept any responsibility or liability including,without limitation, any liability arising from fault or negligence on the part of any person,for any loss arising from the use of the presentation or its contents or otherwise arising inconnection with it.

Competent Person Reference

Information in this release that relates to Exploration Results is based on informationprepared by Mr Joseph Treacy and who is a Member of the Australian Institute ofGeoscientists and the Australasian Institute of Mining and Metallurgy. Mr Treacy is anemployee of Marindi Metals Ltd. Mr Treacy has sufficient experience which is relevant tothe styles of mineralisation and types of deposits under consideration and to the activitiesbeing 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 OreReserves”. Mr Treacy consents to the inclusion in this release of the matters based on hisinformation in the form and context in which it appears.

The company also confirms that The information in this announcement relating to theMinerals Resources within the Prairie Deposit is based on information prepared by MrMark Drabble, who is a Member of the Australasian Institution of Mining and Metallurgy.Mr Drabble is an employee of Optiro Pty Ltd. Mr Drabble has sufficient experience whichis relevant to the styles of mineralisation and types of deposits under consideration and tothe activities being undertaken to qualify as a Competent Person as defined in the 2012Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resourcesand Ore Reserves”. Details of which were released to the ASX on the 25th May 2015Marindi confirms that that it is not aware of any new information or data that materiallyaffects the information relating to the Prairie Deposit Mineral Resources included in the25th May 2015 announcement referred to above. Marindi confirms that all materialassumptions and technical parameters underpinning the Mineral Resource estimates inthe 25th May 2015 announcement continue to apply and have not materially changed.

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Zinc (Zn) - $2600/t

LME Zinc Stocks – 342k

Corporate Overview

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Board and Management

Mr. Ross Ashton Non-Executive Chairman

Mr. Joe Treacy Managing Director

Mr. Geoff Jones Non-Executive Director

Mr. John Hutton Non-Executive Director

Mr. Jeremy Robinson Company Secretary

Capital Structure

Share Price (as at 10 May 2017) $0.011

Shares on Issue (ASX: MZN) 1,327M

Market Capitalisation $14.6M

Cash on hand (as at end of March) $3.5M

Enterprise Value $11.1M

Unlisted Options(ex 2.5c before 31 Dec 2019 subject to various conditions)

64M

Board & Management Ownership ~15%

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• Primary focus on zinc.• a commodity with extremely favourable

supply/demand fundamentals• Three Priority Projects:

• Newman Zinc Project in the Capricorn Orogen of Western Australia, including:

• Prairie Deposit• Wolf Prospect

• McArthur River Zinc tenements in the Northern Territory:

• Caranbirini (100%)• Yalco JV (Teck JV)

• Forrestania Lithium Project

• Corporate Matters

• Please refer to the ASX Announcement 30th

November 2016 “Corporate Update” and subsequent announcements.

Focussing On Quality Assets in Quality Jurisdictions

Marindi Snapshot Australian mineral explorer with a strong growth outlook

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Newman Base Metal ProjectOutstanding location in an emerging mineral province

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• Located in the Capricorn Orogen, which lies between the Pilbara and Yilgarn Cratons

• Structurally controlled base metal, gold and uranium deposits fall within a major regional corridor defined by the Flint Hill and Tangadee lineaments

• Marindi believes the Newman Project represents another large base metal occurrence

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• Hosts 24km long regional structure –Prairie Downs Fault Zone (PDFZ)

• Project includes: • Prairie Deposit – JORC

2012 resource of 3Mt at 5% Zn, 1.6% Pb and 15g/t Ag*

• Scoping Study commenced at Prairie Deposit

• Wolf Prospect – large base metal system dominated by Zinc Rich Chlorite (~ 2% Zn)

• Metallurgical test work ongoing at Wolf

*Refer to ASX Release 25th May 2016

Wolf – Prairie CorridorMajor Zinc System

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• Hosts 24km long regional structure –Prairie Downs Fault Zone (PDFZ)

• Project includes: • Prairie Deposit – JORC

2012 resource of 3Mt at 5% Zn, 1.6% Pb and 15g/t Ag*

• Scoping Study commenced at Prairie Deposit

• Wolf Prospect – large base metal system dominated by Zinc Rich Chlorite (~ 2% Zn)

• Metallurgical test work ongoing at Wolf

*Refer to ASX Release 25th May 2016

Wolf – Prairie CorridorMajor Zinc System

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• $16m spent on drilling and mining studies prior to the GFC.

• Indicated resource of 1.2mt @ 6.4 % Zn, 1.7 % Pb and 24 g/t Ag*

• High grade portion of the resource planned to be subject of open pit optimisation studies.

• Metallurgical test work produced zinc and lead concentrate specs for smelters.

• Baseline environmental studies planned to commence shortly

*Refer to ASX Release 25th May 2016

Prairie DepositReadying for development

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• $16m spent on drilling and mining studies prior to the GFC.

• Indicated resource of 1.2mt @ 6.4 % Zn, 1.7 % Pb and 24 g/t Ag*

• High grade portion of the resource planned to be subject of open pit optimisation studies.

• Metallurgical test work produced zinc and lead concentrate specs for smelters.

• Baseline environmental studies planned to commence shortly

*Refer to ASX Release 25th May 2016

Prairie DepositReadying for development

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Zinc MarketInventories dropping – Prices Increasing

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Page : 11*Refer to ASX Release 25th May 2016

Wolf DepositTest work ongoing

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Page : 12*Refer to ASX Release 25th May 2016

Wolf DepositTest work ongoing

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• This field season regional Targets including

• Husky – Structural and Geochemical Target for Gold and Base Metals

• Hyena, African Hunting Dog – Geochemical Target for Base Metals

• Deadman Flat –Geochemical and Geophysical Target for Gold

• Planning underway for drill programs in 2017 – Further announcements to come

*Refer to ASX Release 25th May 2016

Newman Base Metal ProjectRegional Exploration

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• Expect to be drilling at both projects this year.

CARANBIRINI

• Leveraging off CSIRO knowledge and data base in the McArthur basin

• Recently completed Gravity survey, remodelling VTEM and CSIRO to produce a 3D model.

• Previous drilling intersected high grade base metal sulphides including:

• 1m @ 17.3m % Zn, 1.1% Pb from 440.5m

YALCO

• Yalco JV delineated strong targets to be followed up by drilling this field season.

Northern Territory ProjectsHigh-grade base metal sulphides in drilling

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CaranbiriniMarindi 100%

• Recent Collaboration with CSIRO has developed new interpretation of the basin

• Prospective Barney Creek formation possibly much shallower than previously thought

• Currently working up drill targets – further announcement to follow

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Teck have defined three potential target areas

• Pine Creek• Flying Fox• Galah Creek

Will likely drill Pine Creek this field season

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YalcoTeck Earning 70%

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Teck have defined three potential target areas

• Pine Creek• Flying Fox• Galah Creek

Will likely drill Pine Creek this field season

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YalcoTeck Earning 70%

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Forrestania Lithium ProjectNew WA lithium district

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Forrestania Lithium ProjectNew WA lithium district

• Marindi has secured a dominant position for lithium exploration in the Forrestania Greenstone Belt of WA with applications lodged for 850km2 of tenements over 90km strike length

• Marindi’s 100%-owned lithium project is located within 100km of one of the three operating spodumene mines in Australia at Mt Cattlin –which is owned Galaxy Mining Ltd (ASX: GXY)

• Drilling at Gem pegmatite unsuccessful

• Strong nickel sulphide target remains to be tested

• Large regional exploration program to commence once tenements are granted this year

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Marindi Metals LimitedJoe Treacy, Managing

DirectorT: +61 8 9322 2338

E: info@marindi.com.auA: Level 3, 35 Havelock St,

West Perth, 6005

• Australian resource company with strong leadership and base metal experience

• Primary focus zinc – commodity with extremely favourable supply/demand fundamentals.

• Major drill programs planned on all projects this year.

• Outstanding zinc assets: Newman Base Metal Project and McArthur River Projects

• Forrestania lithium portfolio provides an opportunity to leverage off first-mover status in an emerging WA lithium district

• Company confident in its position on both the Kidman and Rox matters and looks forward to their resolution

SummaryKey investment takeaways

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