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FINNAUST MINING

FINNAUST MINING

DISCLAIMER

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• f the plans and events described herein. Although reasonable care has been taken to ensure the facts stated in this Presentation are accurate and that the assumptions expressed are fair and reasonable the information in this

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You should not therefore deal in any way in the securities of the Company until after the formal release of an announcement by the Company as to do so may result in civil and/or criminal liability. Issued by FinnAust Mining PLC, a company incorporated in the England and Wales under number 07245568. The information in this presentation that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Urpo Kuronen, who is Chief Operating Officer of the Company and a Member of The Australasian Institute of Mining and Metallurgy. Mr Kuronen 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 a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves‘.

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FINNAUST MINING

OVERVIEW

Recent transaction to purchase up to 100%

• f the Pituffik Titanium project in three

staged payments (subject to milestones) A large and unusually pure titanium

• ccurrence, identified through successful

Bluejay 2015 field season Independently verified as having potential to be a top percentile titanium project globally in terms of grade and tonnes Western Areas Limited, a c.A$500m market cap Australian nickel producer, is a major supportive shareholder (38%) Greenland is a highly prospective yet underexplored mineral region supportive of mining development Additional upside potential from wider portfolio inc. 3 high grade copper, zinc and nickel projects in Finland

A n A I M a n d F S E l i s t e d e x p l o r a t i o n c o m p a n y w i t h h i g h g r a d e m u l t i - c o m m o d i t y a s s e t s i n t h e N o r d i c r e g i o n Close e to infrastru frastructu ture re; ; deep-wat ater r port, t, int nternationa rnational airpor rport t and town of Qaanaaq

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FINNAUST MINING

KEY DATA AND MANAGEMENT

Market AIM EPIC FAM Share Price* 3.652p Shares in Issue* 483,918,876 Market Cap* £18m Nomad / Broker S P Angel

*as at 15th April 2016

KEY DATA MAJOR SHAREHOLD LDER ERS

Graham m Marshall ll Non-Exec. Chairman General Manager commercial at Western Areas Limited, he has spent over 25 years in the mining and engineering sectors and has held directorships and senior positions within a number of private and public companies. Rod McIl Illr lree ee Managing Director Geologist with more than 20 years experience in both the resources and financial sectors and proven

• perating

experience in Greenland. Greg eg Kuen enzel el Non-Exec. Director 17 years experience in providing accounting and corporate advice across a range of industry sectors including mining and resources with significant AIM experience. Urpo po Kuronen en Chief Operating Officer Finnish Geologist with 33 years experience in exploration and mining in Finland and Australia.

BOARD AND MANAGEMENT MENT

Western Areas Limited 37.94% Directors and Snr. management 19.5% Public float 35%

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FINNAUST MINING

PORTFOLIO STRUCTURE

FIN INNA NAUS UST T MINI NING PLC

BLUEJAY Y MINING G LIMITED ED HAMMASLA LAHTI COPPER PROJECT ECT KELKKA NICKEL EL-CO COPPER ER PROJECT CT AND THE OUTOKUMP MPU COPPER PROJECT CT, , FINLAND

60% Interest with option to move to 100%

PITUFFIK IK TITANIU NIUM M PROJECT CT, , GREENL NLAND ND

100% INTEREST

MITTER ERBER BERG G COPPER PROJECT CT, , AUSTRIA

100% INTEREST 80% INTEREST

Cornerstone investment from ASX quoted Western Areas Limited with established board support

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FINNAUST MINING

STRATEGY

Production of a bulk sample “proof of concept” from the Pituffik Project with the aim of ultimately generating cash flow to create a company capable of self-funding exploration on future acquisitions Additional focus on capitalising on current cyclical downturn by acquiring additional high quality assets to expand and complement the Company’s existing portfolio of projects Management believes this fits market conditions for “small cap” resource companies, positioning it so that FinnAust can take full advantage when markets return for commodities Finnish multi-commodity portfolio remains a strategic asset of importance and has been restructured to be cost-sustainable

I n t a n d e m w i t h b u l k s a m p l i n g a t P i t u f f i k , F i n n A u s t i s f o c u s e d o n a c q u i r i n g a d d i t i o n a l h i g h q u a l i t y a s s e t s

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FINNAUST MINING

GREENLAND: A STRATEGIC DESTINATION

• Pituffik is located to the south-west of Qaanaaq in Greenland, a prospective and

underexplored emerging mining destination

• Sits approximately 30km from the international airport and deep-water port of

Thule Air base

• Government focussed on developing a resources based economy

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FINNAUST MINING

TITANIUM IN GREENLAND

• The Thule black sand province in North West

Greenland is composed of several coastlines

• ver se

several eral hundre ndred kilo lome metre tres containing both ilmenite and ilmenite/magnetite-rich regions

• Large

areas

• f

elevated ilmenite concentrations with recorded grades of up to 95% ilmenite exist here

• Average grades of ±40% on active and

uplifted zones can be expected

• The source of these titanium rich sands are

regional basaltic sill and dyke swarms containing unusually high amounts

• f

titanium (up to 6% in whole-rock analysis)

• The highest-grade material from the entire

region to date has been identified within FinnAust’s licences

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FINNAUST MINING

DEFINED TARGETS

Pituffik comprises three main target areas along an >80km coastline historically proven to contain large & high-grade accumulations of primary Ilmenite occurring as placer deposits in the following environments:

• Raised

beaches; containing ilmenite accumulations over widths

• f more than 1km, of unknown

depths, along more than 20km of coastline

• Active beaches; which refer to the

area seaward of the frontal dunes, including the beach, tidal zones and surf zone - historically samples from this area have achieved 70% ilmenite by weight

• Drowned beaches; refers to the

areas seaward of active beaches

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FINNAUST MINING

PITUFFIK PROJECT

• Originally discovered by the Geological Survey of Greenland and

Denmark (‘GEUS’) in 1915.

• Exploitation only recently possible due to the dramatic climatic

changes being experienced in this part of the world

• Sampling in the high grade “Moriusaq bay” returned opaque

fractions (magnetite and ilmenite) of up to 95% of sample with 73%

• f that being ilmenite
• Active beaches in that project area returned, on average, grades of

±40%. In addition to these areas are the far more expansive uplifted beaches which are on average around 17% ilmenite

• Fieldwork by Bluejay as well as historical work by GEUS and others

has highlighted the potential of these large and quite pure titanium

• ccurrences for exploitation
• Two primary prospective regions identified:
• Morius

iusaq– most advanced and highest grade

• Interlak

erlak – largest volume with grade upside potential

• It is expected that Moriusaq will be advanced first as the marine

environment is believed to

• ffer

a simpler and lower cost development scenario (namely by dredging)

M o r i u s a q Ta r g e t I n t e r l a k Ta r g e t 9

FINNAUST MINING

DROWNED BEACHES

• Initial survey consisted of 300 line kilometres, followed by a further 38 line kilometres of infill and a wide spread sea

floor sampling programme

• Results from the initial survey demonstrate that the shallow marine environment hosts very large volumes of potentially

high grade titanium, with sedimentary horizons on average more than 5m in thickness (up to a maximum thickness of 27m) identified

• Three sedimentary units have been identified;
• the two most shallow sequences show visual concentrations of ilmenite, which were the focus for the 2015 sampling

programme

• the third or "high stand" sequence, which is located in slightly deeper water of 20-30m wasn't sampled during 2015 but

continues to represent an attractive exploration target

• In waters of less than 3m (near shore marine environment) the survey boat was not able to operate effectively – this

±200m wide strip of beach line, which is expected to be more than 1m deep, has the potential to contain the highest- grade area from the entire Pituffik project area and very high grade titanium mineralisation has been visually confirmed – work during 2016 will focus on this area

• Very significant exploration upside exists on the broader licence area with Offshore approvals expected in Q2 2016

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A 2 01 5 b a t h y m e t r y ( d e p t h ) & s e i s m i c p r o f i l i n g s u r v e y a n d e x t e n s i v e s e a f l o o r s a m p l i n g p r o g r a m m e d e m o n s t r a t e s t h a t t h e s h a l l o w m a r i n e e n v i r o n m e n t a t P i t u f f i k c o n t a i n s v e r y s i g n i f i c a n t a m o u n t s o f i l m e n i t e r i c h s e d i m e n t s r e p r e s e n t i n g a n e w d i s c o v e r y w h i c h i n c r e a s e s t h e r e s o u r c e p o t e n t i a l o f t h e e n t i r e p r o j e c t a r e a b y a n o r d e r o f m a g n i t u d e

FINNAUST MINING

PROPOSED DEVELOPMENT STRATEGY

P r o o f o f c o n c e p t d o v e t a i l i n g i n t o r a m p u p , f o l l o w e d b y f u l l s c a l e p r o d u c t i o n , w i t h p o t e n t i a l f o r e x p a n s i o n

• It is expected that a bulk sample could be dredged from the Moriusaq bay to to create

a natural safe harbour for small work boats

• It is intended that “Proof of Concept” concentrate is delivered to potential customers

Photo for illustrative purposes as an one example of various production strategies

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FINNAUST MINING

MORIUSAQ CONCEPTUAL DEVELOPMENT PLAN

PHASE SE 1 Initial Bulk sample is sourced through the development of Moriusaq bay harbour Small scale dredge and support vessels will extract bulk sample PHASE 2 Ramp up scenario where both on and offshore deposits feed the Moriusaq bay development Gradual production ramp up of the Phase 1 Moriusaq harbour with Phase 2 expansion including both

• n and offshore areas

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FINNAUST MINING

STRATEGIC TEAM

Exploration specialists delivering tailored field and consultancy services for exploration projects To review and standardise exploration activities that should result in, amongst other things, a geological model & initial resource calculation for the high grade Moriusaq target and surrounds - deliverables expected towards the end of 2016 SRK will provide a Competent Person for the mineral resource estimation and manage geological aspects The Geological Survey of Greenland and Denmark is a research and advisory institution in the Danish Ministry of Energy, Utilities and Climate Will assist in the design and execution of the 2016 field season alongside FinnAust personnel Completing the initial metallurgical test work designed to produce a representative concentrate for Pituffik A recognised leader in the provision of accurate & up to date technical, engineering and marketing support within the mineral sand industry Exemplary market knowledge, advice and support will provide the Company with marketing and ilmenite market analysis An international, multidisciplinary consultancy company with proven operating experience in Greenland To complete a Social Impact Assessment at Pittufik - will fulfil regulatory and permit requirements A technical advisory services company based in Denmark, which provides professional and sustainable engineering and environmental consulting services Will support completion of an Environmental Impact Assessment at Pituffik Broad industry management experience as well as valuable knowledge of the international titanium dioxide pigment industry Will assist with end user & off-take arrangements as well as timely metallurgical management and advice

Mr Peter Waugh

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FINNAUST MINING

ADDITIONAL UPSIDE FI FINLAND ND

• 3 high-grade, multi-element base metal

deposits in southern Finland:

• Hammaslahti Copper Project
• Kelkka Nickel-Copper Project
• Outokumpu Copper Project
• Finnish assets are "cost sustainable" for

the long term

• Work continues at a desktop level with:
• Acquisition of new geophysical data
• Reprocessing
• f

existing datasets to generate high value drill targets for drilling at the appropriate time

AUS USTRI RIA

• Seeking ways to monetise an 80% interest in the

Mitterberg Copper Project in Austria.

F i n n A u s t c o n t i n u e s t o l o o k a t w a y s t o c r e a t e v a l u e f r o m i t s p r o s p e c t i v e p o r t f o l i o

FinnA nAust is focusse ssed on growth based oppor portun unities s capitali lisi sing ng on current nt cyclica cal l downtur urn n in resour urce ce sector

• r

GR GROWTH TH

• Active growth strategy – identified a number of

potential acquisition opportunities.

• Targeting

high quality assets to expand and complement the Company's existing portfolio of projects.

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FINNAUST MINING

INVESTMENT CASE

Prosp spectiv ective Assets ets

• Very large and unusually

pure titanium occurrence demonstrated at Pituffik

• Potential for the Project to

become one of, if not the highest-grade in-situ deposit of ilmenite in the world.

• Additional upside potential

available from wider portfolio.

Strat ategic gic Locati tion

• n
• Excellent environment for

mining companies with supportive Government

• Excellent infrastructure

and personnel

Corner erst stone ne Suppor

• rt
• Australia’s highest grade

nickel producer, Western Areas, is a very supportive cornerstone investor

• Provides FinnAust with

access to expertise and resources

Defined ed Develop

• pment

ment

• Continued stream of

results from 2015 sampling programme due in short term

• Focussed on determining

the nature and extent of the Pituffik deposits to generate initial proof of concept bulk samples

• Ultimate aim to generate

cash flow to self-fund exploration

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FINNAUST MINING

CONTACT US

FinnAust ust Mining ng plc www.finnaust.com

Graham ham Marshall hall Non-Exec Chairman Tel: +44 (0) 20 7907 9326 gmarshall@finnaust.com Rod McIllree llree Managing Director Tel: +44 (0) 20 7907 9326 rmcillree@finnaust.com Greg g Kuen enzel el Non - Executive Director Tel: +44 (0) 20 7907 9326 gkuenzel@finnaust.com

St Brides es Pa Partner ers s Ltd – Financi ncial PR

Elisabet eth h Cowe

• well

ll Tel: +44 (0) 20 7236 1177 elisabeth@stbridespartners.co.uk Charlo lott tte e Heap Tel: +44 (0) 20 7236 1177 charlotte@stbridespartners.co.uk

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