Aureka Limited · ASX:AKA

Aureka — Navarre Minerals — 2015 Major Projects Forum

14 slides from Aureka's conference presentation, Feb 24, 2015

1. Slide 1: 2015 Major Projects Forum Company Update

   2015 Major Projects Forum Company Update Hamilton, 24 February 2015 ASX: NML

2. Slide 2: Forward-looking statement & disclaimer

   Navarre Minerals Ltd ASX:NML Forward-looking statement & disclaimer The information contained in this presentation is provided by Navarre Minerals Limited (Navarre) and other sources identified herein. No representation or warranty, express or implied, is made by Navarre or any adviser or any of the

3. Slide 3: Company overview

   Navarre Minerals Ltd ASX:NML Company overview Navarre is an ASX-listed Victorian-based resources company unlocking the gold & copper potential of western Victoria’s emerging and proven mineral corridors Our mission is to create shareholder value by: 1. Discovery of long-life gold deposits in the pro

4. Slide 4: Corporate overview

   Navarre Minerals Ltd ASX:NML Corporate overview  ASX CODE: NML Major Shareholders Crocodile Gold Corp 19.9%  Cash A$0.7M# Board & management 19.4%  78.4m Ordinary Shares on Issue John Darroch & family 4.5% Top 20 59.1%  Market Capitalisation: Approx. A$2.1m* *based on $0.027 share price # cash b

5. Slide 5: 2015 Strategy – emergence of two key projects

   Navarre Minerals Ltd ASX:NML 2015 Strategy – emergence of two key projects 1. Accelerate exploration of Stawell Corridor Gold Project:  Shallow targets located strategically close to Stawell Gold Mines, owned by Navarre’s largest shareholder, Crocodile Gold Corp.  Large ‘drill ready’ targets at Ta

6. Slide 6: Significant milestones 2014/15

   Navarre Minerals Ltd ASX:NML Significant milestones 2014/15  Exploration  Broad intervals of copper & gold intersected in two drill programs highlight potential for large deposits at depth at Eclipse  Porphyry copper and VMS potential identified at Lexington and Glenlyle prospects  New Stawell-s

7. Slide 7: Western Victoria Copper Project

   Western Victoria Copper Project  Total area 839km²  100%-owned  130kms of volcanics with no deep drill holes  Four porphyry / VMS prospects:  Eclipse  Lexington  Pollockdale  Glenlyle  Planning deeper drilling at advanced Eclipse  Gravity surveys & geological mapping at Lexington for targe

8. Slide 8: Eclipse Prospect

   Navarre Minerals Ltd ASX:NML Eclipse Prospect Geophysics indicates copper & gold, may be part of a deeper mineral system  Enriched copper (chalcocite) formed from weathering of deeper body of pyritic copper- gold-zinc mineralisation  Broad zones of primary copper, gold, silver & zinc in drill hole

9. Slide 9: Stawell Corridor Gold Project

   Stawell Corridor Gold Project  90% of ‘Corridor’ under cover - surfaces only at Stawell & Ararat (both sides of The Great Divide)  6 Moz gold production - mainly from Stawell  Stawell’s Magdala-type gold occurs on flanks of large basalt domes  Gold is finer grained, more continuous & more predic

10. Slide 10: Tatyoon gold discovery

    Navarre Minerals Ltd ASX:NML Tatyoon gold discovery  Discovered in 2004  Gravity surveys followed by scout air-core drilling  AAC021 – 20m at 0.5 g/t gold from 35m, inc. 5m at 1.4 g/t gold  AAC021 – 2m at 2.6 g/t gold from 66m  3 diamond holes confirm Magdala-style basalt & intercept gold  TTD

11. Slide 11: Grange Basalt Dome Exploration Targets

    Navarre Minerals Ltd ASX:NML Grange Basalt Dome Exploration Targets NML’s gravity model West Flank drill target > 1.5km long target Gold in Drill Holes AAC0021: 2 m @ 2.6 g/t Au 20 m @ 0.5 g/t Au IP chargeability anomalies align on TTD001: west flank of Grange dome 1.8 m @ 4.2 g/t gold  80% of gol

12. Slide 12: 2015 Proposed Exploration Program

    Navarre Minerals Ltd ASX:NML 2015 Proposed Exploration Program Stawell Corridor Gold Project:  Finalise tender & engage drill contractor  Complete 2,000m RC / diamond drill program at Grange  Compilation of previous exploration on Ararat licence & generation of key exploration targets Western Vic

13. Slide 13: Investment case

    Navarre Minerals Ltd ASX:NML Investment case  Miga Arc, an emerging Cu-Au porphyry / VMS province similar to Macquarie Arc’s Cadia Valley & North Parkes region at early-stage exploration  Planning deeper drilling at Eclipse with potential support from Vic Gov’t TARGET co- funding  Tatyoon has a c

14. Slide 14: Navarre Minerals Limited Thank You

    Navarre Minerals Ltd ASX:NML Navarre Minerals Limited Thank You Contact Us: Navarre Minerals Limited Geoff McDermott 40-44 Wimmera Street Stawell VIC Australia 3380 Tel: 03 5358 8625 Website: www.navarre.com.au Email: [email protected] 14

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