L ar ge Gr e e nfie lds Gold Disc ove r y Hidde n Unde r T - PowerPoint PPT Presentation

L ar ge Gr e e nfie lds Gold Disc ove r y Hidde n Unde r T hin Cove r , Kalgoor lie , WA ASX Code : BRB Quality and sc ale in a lo w-r isk mining jur isdic tio n T om Sa nde rs Annual Ge ne r al Me e ting 23 Nove mbe r 2017 E xe c utive Chair man

Disc la ime r & Compe te nt Pe r sons Sta te me nt T his p re se nta tio n is fo r info rma tio n p urp o se s o nly. Ne ithe r this p re se nta tio n no r the info rma tio n c o nta ine d in it c o nstitute s a n o ffe r, invita tio n, so lic ita tio n o r re c o mme nd a tio n in re la tio n to the p urc ha se o r sa le o f sha re s in a ny jurisd ic tio n. T his p re se nta tio n ma y no t b e d istrib ute d in a ny jurisd ic tio n e xc e p t in a c c o rd a nc e with the le g a l re q uire me nts a p p lic a b le in suc h jurisd ic tio n. Re c ip ie nts sho uld info rm the mse lve s o f the re stric tio ns tha t a p ply in the ir o wn jurisd ic tio n. A fa ilure to d o so ma y re sult in a vio la tio n o f se c uritie s la ws in suc h jurisd ic tio n. T his p re se nta tio n d o e s no t c o nstitute fina nc ia l p ro d uc t a d vic e a nd ha s b e e n p re p a re d witho ut ta king into a c c o unt the re c ip ie nt's inve stme nt o b je c tive s, fina nc ia l c irc umsta nc e s o r p a rtic ula r ne e d s a nd the o p inio ns a nd re c o mme nd a tio ns in this p re se nta tio n a re no t inte nd e d to re p re se nt re c o mme nd a tio ns o f p a rtic ula r inve stme nts to p a rtic ula r p e rso ns. Re c ip ie nts sho uld se e k p ro fe ssio na l a d vic e whe n d e c id ing if a n inve stme nt is a p p ro p ria te . All se c uritie s tra nsa c tio ns invo lve risks, whic h inc lud e (a mo ng o the rs) the risk o f a d ve rse o r una ntic ip a te d ma rke t, fina nc ia l o r p o litic a l d e ve lo p me nts. T o the ma ximum e xte nt p e rmitte d b y la w, Bre a ke r d o e s no t wa rra nt the a c c ura c y, c urre nc y o r c o mp le te ne ss o f the info rma tio n in this p re se nta tio n, no r the future p e rfo rma nc e o f the Co mp a ny, a nd will no t b e re sp o nsib le fo r a ny lo ss o r d a ma g e a rising fro m the use o f the info rma tio n. Ce rta in sta te me nts c o nta ine d in this p re se nta tio n, inc lud ing info rma tio n a s to the future fina nc ia l o r o p e ra ting p e rfo rma nc e o f Bre a ke r Re so urc e s NL (Bre a ke r) a nd its p ro je c ts, a re fo rwa rd -lo o king sta te me nts. Suc h fo rwa rd -lo o king sta te me nts: a re ne c e ssa rily b a se d up o n a numb e r o f e stima te s a nd a ssump tio ns tha t, whilst c o nsid e re d re a so na b le b y Bre a ke r , a re inhe re ntly sub je c t to sig nific a nt te c hnic a l, b usine ss, e c o no mic , c o mp e titive , p o litic a l a nd so c ia l unc e rta intie s a nd c o nting e nc ie s; invo lve kno wn a nd unkno wn risks a nd unc e rta intie s tha t c o uld c a use a c tua l e ve nts o r re sults to d iffe r ma te ria lly fro m e stima te d o r a ntic ip a te d e ve nts o r re sults re fle c te d in suc h fo rwa rd -lo o king sta te me nts; a nd ma y inc lud e , a mo ng o the r thing s, sta te me nts re g a rd ing ta rg e ts, e stima te s a nd a ssump tio ns in re sp e c t o f me ta l p ro d uc tio n a nd p ric e s, o p e ra ting c o sts a nd re sults, c a p ita l e xp e nd iture s, o re re se rve s a nd mine ra l re so urc e s a nd a ntic ip a te d g ra d e s a nd re c o ve ry ra te s, a nd a re o r ma y b e b a se d o n a ssump tio ns a nd e stima te s re la te d to future te c hnic a l, e c o no mic , ma rke t, p o litic a l, so c ia l a nd o the r c o nd itio ns. Bre a ke r d isc la ims a ny inte nt o r o b lig a tio n to up d a te p ub lic ly a ny fo rwa rd -lo o king sta te me nts, whe the r a s a re sult o f ne w info rma tio n, future e ve nts o r re sults o r o the rwise . T he wo rd s “b e lie ve ”, “e xp e c t”, “a ntic ip a te ”, “ind ic a te ”, “c o nte mp la te ”, “ ta rg e t”, “p la n”, “inte nd s”, “c o ntinue ”, “b ud g e t”, “e stima te ”, “ ma y”, “ will”, “sc he d ule ” a nd o the r simila r e xp re ssio ns id e ntify fo rwa rd -lo o king sta te me nts. All fo rwa rd -lo o king sta te me nts ma d e in this p re se nta tio n a re q ua lifie d b y the fo re g o ing c a utio na ry sta te me nts. I nve sto rs a re c a utio ne d tha t fo rwa rd -lo o king sta te me nts a re no t g ua ra nte e s o f future p e rfo rma nc e a nd a c c o rd ing ly inve sto rs a re c a utio ne d no t to p ut und ue re lia nc e o n fo rwa rd -lo o king sta te me nts d ue to the inhe re nt unc e rta inty the re in. Compe te nt Pe rsons State me nt T he info rma tio n in this re p o rt tha t re la te s to Exp lo ra tio n T a rg e ts a nd Exp lo ra tio n Re sults is b a se d o n info rma tio n c o mp ile d b y T o m Sa nd e rs who is a Me mb e r o f T he Austra la sia n I nstitute o f Mining a nd Me ta llurg y. Mr Sa nd e rs is a n o ffic e r o f Bre a ke r Re so urc e s NL a nd his se rvic e s ha ve b e e n e ng a g e d b y Bre a ke r o n a n 80% o f full time b a sis; he is a lso a sha re ho ld e r in the Co mp a ny. Mr Sa nd e rs ha s suffic ie nt e xp e rie nc e tha t is re le va nt to the style o f mine ra lisa tio n a nd typ e o f d e p o sit und e r c o nsid e ra tio n a nd to the a c tivity b e ing und e rta ke n to q ua lify a s a Co mp e te nt Pe rso n a s d e fine d in the 2012 E d itio n o f the ‘ Austra la sia n Co d e fo r Re p o rting o f E xp lo ra tio n Re sults, Mine ra l Re so urc e s a nd Ore Re se rve s’ . Mr Sa nd e rs c o nse nts to the inc lusio n in the re p o rt o f the ma tte rs b a se d o n his info rma tio n in the fo rm a nd c o nte xt in whic h it a p p e a rs. Any g e o te c hnic a l info rma tio n c o mmunic a te d in the slid e s in this p re se nta tio n re la ting to Bre a ke r Re so urc e s’ e xp lo ra tio n re sults p rio r to 1 De c e mb e r 2013, a nd its a sse ssme nt o f e xp lo ra tio n c o mp le te d b y pa st e xp lo re rs, wa s first p re p a re d a nd d isc lo se d und e r the JORC Co d e 2004. I t ha s no t b e e n up d a te d sinc e to c o mp ly with the JORC Co d e 2012 o n the b a sis tha t the info rma tio n ha s no t ma te ria lly c ha ng e d sinc e it wa s re p o rte d . 2

2017… laying the foundations RARE L ARGE GRE E NF IE L DS GOL D DISCOVE RY IN A WORL D CL ASS MINING JURISDICT ION  Disc ove ry signific antly de -riske d …va lida te d b y 95,000m o f RC a nd dia mo nd drilling …c o ntinuity e vide nt in c lo se -spa c e d drilling (c o ntinuity e q ua ls mine a b ility) …ma ide n re so urc e pla nne d fo r Ma rc h Qua rte r 2018  Outstanding ope n pit and unde rground mining pote ntial …b ig g o ld de po sits in the WA’ s E a ste rn Go ldfie lds te nd to g o unde rg ro und …po te ntia l to multiply a ny g o ld re so urc e c o nstra ine d b y a n o pe n pit  Outstanding re sults from pre liminary me tallurgy …c re a te s o ptio ns fo r lo w-c o st pro c e ssing a nd lo w c a pe x de ve lo pme nt  Share pric e $0.50 ($0.35) Marke t Capitalisation $73m ($44m) Cash $15.5m ($12m) Numbe r of Share holde rs 1,226 (1,050) 3

BRB Cor por ate Ove r vie w Building sha re holde r va lue via disc ove ry a nd de ve lopme nt of ne w g old syste ms Boa rd/ Se nior Ma na g e me nt Ca pita l Struc ture  T om Sa nde r s E xe c utive Cha irma n Issue d Se c ur itie s 145m fully paid shar e s (5.7m pa rtly pa id sha re s; 8.4m unliste d o ptio ns) No n-E xe c utive Dire c to r Mike Kitne y  Mar ke t c apitalisation $73m ($0.50/ sha re ) No n-E xe c utive Dire c to r Ma r k E dwa r ds Co mpa ny Se c re ta ry  Mic he lle Simson $15.5m (30 Se pte mb e r 2017) Cash Str ong shar e r e giste r Dir e c tor s 17% F unds ~30% Ala sta ir Ba r ke r E xplo ra tio n Ma na g e r Star t Re sour c e 3r d RC T hr e e Ye ar Shar e Pr ic e Char t Infill Dr illing T he Gap Disc ove r y 1st RC 2 nd RC Bombor a Sth Bombor a Nth ic e Disc ove r y Disc ove r y e Pr Shar AC Dr illing New Gold Syste m ~80% of our funds g o “into the g r ound” 4

Br e ake r … Ove r vie w  y hid d e n b y thin L ar ge gr e e nfie lds gold disc ove r A ra re disc ove ry of qua lity a nd sc a le in a tra nspo rte d c o ve r 100km e a st o f K a lg o o rlie low risk mining jurisdic tion  Validate d by 95,000m of RC/ diamond dr illing* Hole _ID Inte r val @ g/ t Au Fr om Inc lude s 7m @ 61.78 59m 4m @ 105.04 BBRC0166 BBRC0142 24m @ 7.75 9m 18m @ 10.15 19m @ 7.56 49m 4m @ 32.00 BBRC0111 BBRC0329 9m @ 53.29 31m 4m @ 119.24 28m @ 6.01 40m 12m @ 11.2 BBRC0297  F our dr ill r igs unde r way (2 diamond and 2 RC) …re so urc e d rilling sta rte d in F e b rua ry 2017 …ma id e n re so urc e pla nne d fo r Ma rQ 2018  Infill dr illing r e sults indic ate c ontinuity & c ompe lling L a ke R oe Gold Pr oje c t L a ndsc a pe ope n pit and unde r gr ound mining pote ntial …stro ng re c o ve rie s fro m pre limina ry me ta llurg y Str ong upside base d on e ar ly stage of de posit “c yc le ”, 100% owne r ship and tight c apital str uc tur e  Obvio us sc ale – 2.2km lo ng & “o pe n” in 556km 2 are a * Marc h and June 2017 Quarte r Re sults: ASX Re le ase s 26 April 2017 & 19 July 2017 5

What doe s it look like ? Sulphide lode s and stoc kwor k… this style of gold de posit usually e xte nds at de pth to the limits of e c onomic mining. We ar e star ting to se e this. Sulphide lode 3.86g / t Au (BBRC0012; 193m- 194m) Visible g old in g re y qua rtz ve in (38.2g / t Au) (BBRD0056 - 8m @ 5.25g / t Au) 6