Ventnor Resources Limited WA Silica Sand Projects October 2018 Disclaimer • This document has been prepared by Ventnor Resources Limited (VRX). The information contained in this document is for information purposes only and has been prepared for use in conjunction with a verbal presentation and should be read in that context. • The information contained in this document is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. In preparing and providing this document, VRX has not considered the objectives, investment profile, financial position or needs of any particular recipient. Mineral exploration is subject to significant risk. There is no guarantee of exploration success, and even if exploration success is achieved, there is no guarantee that development of any mineral deposit will be economically viable. VRX strongly suggests that investors consult a financial advisor prior to making an investment decision. • No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of VRX, its related bodies corporate, or their shareholders, directors, officers, employees, contractors, agents or advisors, nor any other person accepts any liability, including, without limitation, any liability arising out of fault or negligence for any loss arising from the use of information contained in this document. • This document may include “forward-looking statements” within the meaning of securities laws of applicable jurisdictions. Forward looking statements can generally be identified by the use of the words “anticipate”, “believe”, “expect”, “project”, “forecast”, “estimate”, “likely”, “intend”, “should”, “could”, “may”, “target”, “plan”, “guideline”, “guidance” and other similar expressions. Indications of, and guidance on, revenue models, pricing, earnings and financial position and performance are also forward-looking statements. • Such forward-looking statements are not guarantees of future pricing, performance and events, and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of VRX, its related bodies corporate, and their directors, officers, employees, contractors, agents and advisors, that may cause actual results to differ materially from those expressed or implied in such statement. Actual results, performance or achievements may vary materially from any projections and forward looking statements and the assumptions on which those statements are based. In particular, potential revenue opportunities and guideline pricing models set out in this document are based on certain assumptions which may in time prove to be false, inaccurate or incorrect. Readers are cautioned not to place undue reliance on forward looking statements and VRX assumes no obligation to update such information. • This document is not, and does not constitute, an offer to sell or the solicitation, invitation or recommendation to purchase any securities in any jurisdiction, and neither this presentation nor anything contained in it forms the basis of any contract or commitment. Without limiting the foregoing, this document does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States. The securities of VRX have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (Securities Act) or the securities laws of any state or other jurisdiction of the United States, and may not be offered or sold in the United States except in compliance with the registration requirements of the Securities Act and any other applicable securities laws or pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any other applicable securities laws. 2 The world is facing a global sand crisis 3 Silica Sand Use Construction Sand Concrete Glassmaking Float, Containers, Architectural, Thin Film Metal Casting/Foundry Automobile parts Oil/Gas Well Stimulation Frac sand/proppant Metallurgical Ferrous and Non-ferrous Alloys Paint and Coatings Brightness and durability Chemical Production Sodium silicate, Silicon gels Ceramics and Refractories High temp resistance Filtration Water production Recreational Inert growing media, Golf bunkers 4 Silica Sand Markets Priority for Marketing Construction sand Silica sand for glassmaking Foundry sand Frac sand proppant 5 Market Outlook Estimated demand for silica sand for glassmaking by region: Region % of Global demand Asia Pacific 47% North America 20% Western Europe 16% Eastern Europe 8% Africa/Middle East 5% Central and South America 4% Source: Freedonia 6 Market Outlook Asian glass making production increasing 5-6% per year Use Spec Market in Asia Float (Plate) Glass 99.5% SiO2 60-65 Mt Container Glass 99.5% SiO2 70-75 Mt Cover Glass (Solar Panels) 99.95% SiO2 Low Fe 5-6 Mt Smart Glass (Ultra Clear) 99.97% SiO2 Low Fe 1-2 Mt 99.97% SiO2 500-600 Kt Specialist Glass (Thin Screen) Source: Stratum Resources 7 Identify and delineate large scale Ventnor’s silica sand strategy silica sand resources close to infrastructure Develop plans for the mining and export of high quality silica sand Explore opportunities for further processing to value-add 8 Setting 9 WA Silica Sand Projects 10 Arrowsmith • 270km nth of Perth • South of Dongara with rail connections to Geraldton Port • Very large-scale potential • Preliminary testwork confirms glass-making quality (+99.5% SiO2) • Low capital intensity and low environmental impact mining propositions 11 Arrowsmith North Inferred Resource 193.6 million tonnes @ 98% SiO2* Classification Inferred Domain Million Tonnes SiO2% Al2O3% Fe 2O3% TiO2% LOI% Yellow Sand 149.4 97.7 1.1 0.4 0.2 0.5 White Sand 44.2 99.1 0.3 0.1 0.2 0.2 All Sand 193.6 98 0.9 0.3 0.2 0.4 *Note: Interpreted mineralisation is domained into different sand types based on drill logging data and publicly available soil mapping information, above a basal surface wireframe defined based on the current drill sampling depths. Depletion zones include the upper 0.5 m for rehabilitation purposes, and minor swamp zones in the east and south of the modelled area. Differences may occur due to rounding. * Details of Arrowsmith North Resource Estimate are contained in the ASX announcement of 2 October 2018 12 Arrowsmith North Upgrade 13 Arrowsmith North Upgrade 14 Geraldton Port 15 Muchea • Significant high grade Silica Sand deposit • 50 km nth of Perth • 14 km nth of Muchea • Transport logistics - rail products to Kwinana Port for export • Adjacent to Brand Highway • Granted tenure 100% VRX 16 Muchea Exploration Target Exploration Target 170-275Mt @ 98-99.5% SiO2 * Tonnes (Mt) Grade SiO2 Area Low High Low High Aircore Drilling Area 70 125 98% 99.5% Auger Drilling Area 100 150 98% 99.5% Total 170 275 98% 99.5% *The potential quality and grade of the Muchea Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource. It is uncertain if further exploration will result in the estimation of a Mineral Resource. 17 Muchea Exploration Target Aircore Drill Area Exploration Target Auger Area Exploration Target • • • • • • • 37 aircore drill holes Exploration Target area 835 ha 1.6t/m3 in situ bulk density (meas) • Between 80% and 100% of area contains high grade silica sand • Depth of high grade sand 6 to 9 50 auger holes Exploration Target area 1,800 ha 1.6t/m3 in situ bulk density Between 80% and 100% of area contains high grade silica sand • Depth of high grade sand 4 to 5 metres metres Auger drilling in the Exploration Target Areas has been completed and is adequate for a JORC-2012 compliant Maiden Mineral Resource estimate but further Aircore drilling is planned for mid to late September 2018 to upgrade the level of confidence and increase the Resource by drilling deeper than the hand-held auger. 18 Muchea • Muchea is potentially a world class highgrade silica sand deposit • With an unusually high grade feed stock simple processing can provide almost any required grade product 19 Muchea • Due diligence drilling indicated high-grade SiO2 (+99.7% Avg) • Preliminary testwork indicates processing can upgrade sand to specialised glass quality • Current logistics under-utilised with significant interest from operators 20 Proposed Exploration Program Drilling using 4WD-mounted AC rig and hand held auger 21 Proposed Exploration Program • Exploration to date is adequate for Inferred Resources following QA/QC review • All exploration above the water table • Closer spaced drilling required for an Indicated Resource planned for January 2019 • Very low cost shallow drilling (10-15m) in free running sand • Sand 2-3% moisture (no dust…) • ISBD determination completed • Significant testwork programs either completed or underway • Mining will require no dewatering 22 Development Program • First Pass drilling by AC and hand auger completed on all projects • Third iteration bulk testwork will determine potential products and required processing equipment • Testwork will also produce final quality samples to send to potential importers in Japan, China, India, Vietnam, Thailand, Taiwan and Korea • Wet processing by conventional plant (no chemicals) • Finalise logistics chain for access to rail and port facilities to export sand from Arrowsmith through Geraldton and from Muchea through Kwinana • Spring environmental studies completed • Preliminary engineering underway ±15% capital cost estimate • Feasibility study components to be completed by end of 2018 23 Processing Established processing techniques (no chemicals, no dust) 24 Corporate & Capital Summary Share Code (ASX) VRX Shares Shares on Is s ue 364.7 m Options is s ued 46.25 m ASX 52 week high/low $0.18/$0.009 Cas h $1.7 m Debt Nil Market Capitalis ation $47 m Directors Paul Boyatzis Non-Executive Chairman Bruce Maluish Managing Director Peter Pawlowitsch Non-Executive Director 25 Investment Considerations EMERGING AUSTRALIAN STRATEGIC SILICA SAND PRODUCER IDEALLY PLACED TO CAPITALISE ON ROBUST MARKET OUTLOOK AND DEMAND OUTSTANDING PROJECT ECONOMICS AND LOGISTICS POTENTIAL LARGE SAND RESOURCES AND PRODUCTION RAPID PATHWAY TO FINANCING AND PRODUCTION OTHER PROSPECTS UNDER INVESTIGATION 26 Competent Person’s Statement The information in this document that relates to Arrowsmith Exploration Results is based on data collected under the supervision of Mr David Reid, in his capacity as Exploration Manager for Ventnor. Mr Reid, BSc (Geology), is a registered member of the Australian Institute of Geoscientists and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and the activity being undertaken to qualify as a Competent Person under the 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Reid consents to the inclusion of the data in the form and context in which it appears. The information in this document that relates to Mineral Resources is based on information compiled by Mr Grant Louw, under the direction and supervision of Dr Andrew Scogings, who were both full-time employees of CSA Global at the time of the Mineral Resource estimation. Dr Scogings is a Member of the Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists. He is a Registered Professional Geologist in Industrial Minerals. Dr Scogings has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as Competent Person as defined in the 2012 Edition of the Australasian Code for the Reporting of Exploration Results, Mineral Resources, and Ore Reserves (JORC Code). Dr Scogings consents to the disclosure of information in this report in the form and context in which it appears. 28