Mark V Caruso MINERAL COMMODITIES LTD Executive Chairman ANNUAL - PowerPoint PPT Presentation

Mark V Caruso MINERAL COMMODITIES LTD Executive Chairman ANNUAL GENERAL MEETING - 30 MAY 2018

DISCLAIMER AND COMPETENT PERSON STATEMENT The information in this report that relates to the Ore Reserve Subject to any continuing obligation under applicable law or any This document has been prepared by Mineral Commodities Ltd (MRC Statement, has been compiled in accordance with the guidelines or the Company) and comprises written materials / slides for a relevant listing rules of the ASX, MRC disclaims any obligation or of the Australasian Code for Reporting of Exploration Results, undertaking to disseminate any updates or revisions to any forward presentation concerning MRC. This is not a prospectus, disclosure Mineral Resources and Ore Reserves (The JORC Code – 2012 looking statements in these materials to reflect any change in document or offering document. Edition). This document is for information purposes only and does not expectations in relation to any forward looking statements or any The information, if any, in this presentation that relates to change in events, conditions or circumstances on which any constitute or form part of any offer or invitation to acquire, sell or metallurgy for the Munglinup Graphite Project is based on otherwise dispose of, or issue, or any solicitation of any offer to sell statement is based. Nothing in these materials shall under any information compiled and reviewed by Mr David Pass, who is a or otherwise dispose of, purchase or subscribe for, any securities, nor circumstances create an implication that there has been no change in Member of AusIMM. Mr Pass is an employee of Battery Limits Pty the affairs of MRC since the date of this presentation. does it constitute investment advice, nor shall it or any part of it nor Ltd. Mr Pass has sufficient experience relevant to process plant The information, if any, in this presentation which relates to exploration the fact of its distribution form the basis of, or be relied on in and infrastructure design thereof to qualify as a Competent Person connection with, any contract or investment decision. results or mineral resources for the Tormin Mineral Sands Project and as defined by the JORC Code, 2012 Edition. Mr Pass consents to the Munglinup Graphite Project is based on information compiled by Mr Certain statements in this presentation are forward looking the inclusion in the presentation of the matters based on the statements. You can identify these statements by the fact that they Adriaan du Toit, who is a Member of the Australasian Institute of Mining reviewed information in the form and context in which it appears. use words such as “anticipate”, “estimate”, “expect”, “project”, and Metallurgy (“AusIMM”) and an independent consultant to Mineral The information, if any, in this presentation which relates to Commodities Ltd. Mr du Toit is the director and principal geologist of “intend”, “plan”, “believe”, “target”, “may”, “assume” and words of exploration results, mineral resources or ore reserves for Xolobeni similar import. These forward looking statements speak only as at the Aemco Pty Ltd and has over 26 years’ of exploration and mining Mineral Sands Project is based on information compiled by Mr experience in a variety of mineral deposits and styles. Mr du Toit has date of this presentation. These statements are based on current Allen Maynard, who is a Member of the Australian Institute of sufficient experience which is relevant to the style of mineralisations expectations and beliefs and, by their nature, are subject to a number Geoscientists (“AIG”), a corporate member of AusIMM and of known and unknown risks and uncertainties that could cause the and type of deposits under consideration and to the activity which he is independent consultant to Mineral Commodities Ltd. Mr Maynard actual results, performances and achievements to differ materially undertaking to qualify as a Competent Person as defined in the 2012 is the director and principal geologist of Al Maynard & Associates Edition of the Australasian Code for Reporting of Exploration Results, from any expected future results, performance or achievements Pty Ltd and has over 37 years’ of exploration and mining expressed or implied by such forward looking statements. No Mineral Resources and Ore Reserves (the “JORC Code, 2012 Edition”). experience in a variety of mineral deposit styles. Mr Maynard has The information from Mr du Toit was prepared under the JORC Code, representation, warranty or assurance (express or implied) is given or sufficient experience which is relevant to the style of 2012 Edition. Mr du Toit consents to inclusion in the presentation of the made by MRC that the forward looking statements contained in this mineralisation and type of deposit under consideration and to the presentation are accurate, complete, reliable or adequate or that matters based on this information in the form and context in which it activity which he is undertaking to qualify as a Competent Person appears. they will be achieved or prove to be correct. Except for any statutory as defined in the 2004 Edition of the “Australasian Code for The Ore Reserve referred to and used in this report was prepared by liability which cannot be excluded, each of MRC, its related reporting of Exploration Results, Exploration Targets, Mineral companies and the respective officers, employees and advisers Mr Daniel Hastings, who is a Member of the Australasian Institute of Resources and Ore Reserves” (JORC Code, 2004 Edition). This Mining and Metallurgy (AusIMM). Mr Hastings is an employee of expressly disclaim any responsibility for the accuracy or information was prepared and first disclosed under the JORC Hastings Bell Pty Ltd and a consultant to the Company. Mr Hastings has completeness of the forward looking statements and exclude all Code, 2004 Edition. It has not been updated since to comply with liability whatsoever (including negligence) for any director in direct sufficient experience relevant to the type of deposit under the JORC Code, 2012 Edition on the basis that the information has consideration to qualify as a Competent Person as defined by the 2012 loss or damage which may be suffered by any person as a not materially changed since it was last reported. Mr Maynard Edition of the Australasian Code for Reporting of Exploration Results, consequence of any information in this presentation or any error or consents to inclusion in the presentation of the matters based on omission there from. Mineral Resources and Ore Reserves (the JORC Code, 2012 Edition). this information in the form and context in which it appears. Mr Hastings consents to the inclusion in the report of the matters based on the reviewed information in the form and context in which it appears. 2

SUBSTANTIAL SHAREHOLDERS CORPORATE PROFILE Au Mining Limited 26.7% ASX : MRC Zurich Bay Holdings Pty Ltd 18.6% SHARES ON ISSUE 418,441,571 Tormin Holdings Limited 14.8% PERFORMANCE RIGHTS M&G Investment Management Limited 8.8% 3,450,000 OPTIONS Mr & Mrs Anthony C Lowrie 6.6% 5,000,000 Top 20 Shareholders Hold 90.73% MARKET CAPITALISATION A$108.8m @ A$0.26cps (1) BOARD OF DIRECTORS CASH BALANCE US$9.3M @ 31 March 2018 Mark Caruso Executive Chairman/Chief Executive Officer BORROWINGS Joseph Caruso Non-Executive Director US$3.6M @ 31 March 2018 Peter Torre Non-Executive Director/Company Secretary Ross Hastings Non-Executive Director (1) Share price at close of business 25 May 2018 Guy Walker Non-Executive Director 3

PROJECT LOCATIONS Iran MRK PJSC 100% Corporate Entity Gold/Copper Cobalt/Nickel Zinc Potash/Lithium Mineral Sands Resources (Pty) Ltd (RSA) 50% Ownership of Tormin Mineral Sands Mine Zircon/Rutile Ilmenite Garnet MRC Graphite Pty Ltd Transworld Energy & Minerals 51% Ownership of Munglinup 4 Resources (SA) (Pty) Ltd (RSA) Graphite Project MRC Exploration Graphitic Products 56% Ownership of Xolobeni Mineral Sands Project Australia Pty Ltd Ilmenite 100% Corporate Entity Copper/Gold Channel Iron Ore Hard Rock Lithium/Pegmatites Flagship Projects Location Resource Interest Status Commenced operation October 2013 MSR Tormin South Africa Mineral Sand Mine 50% Identified potential extension of mine life Rich Ilmenite Mineral Sands Deposit on the Eastern TEM Xolobeni South Africa Mineral Sand Project 56% Cape of South Africa Munglinup Australia Graphite 51% Planned Production Q4 2019 North West Exploration Australia Gold, Copper, Lithium, Channel Iron Ore 100% Commenced Drill Program at Doolgunna 4

2017 OVERVIEW AND ACHIEVEMENTS ● Currently operating one of the highest grade mineral sands mines in the world - MSR Tormin, South Africa ● Defined near-term Tormin Expansion Development Project ● Defined near-term pathway to development of Munglinup Graphite Project ● Australian exploration prospects - Lithium, Gold, Copper, Iron Ore ● Iran Mining sector - first mover advantage ● Highly experienced Board & Management team with proven history of delivering projects on time and on budget ● Short term business strategy fully funded from existing cash flow ● Peer leading dividend yielding stock 5