Overview Int ntrod oductio ion Prod roductio ion Su Supp - - PowerPoint PPT Presentation

Exec Executiv ive Tea Team Proj roject Su Summary Prod roductio ion Su Supp pported Exp Explo loratio ion Int ntrod

• ductio

ion

Bon

• na Vis

ista ta Gold ld Pr Proje

• ject

Glendowner Gold ld Pr Proje

• ject

Sunn unnys ysid ide Gold

• ld Pr

Proj

• ject

Mou

• unt

t Vince Cop

• pper/Gold

d Pr Proje

• ject

ATHENA - Ni Nicke kel/ l/Cobalt lt/C /Copper/R /Rare Ear Earth Pr Proje

• ject

Case Case Stud Studie ies – ex example les of

• f po

pote tentia ial l valu aluatio ions Str Strategic ic Adv Advantage

Overview

EAS EASY OU OUTC TCROPPI PING LA LARG RGE SC SCALE DEPO DEPOSITS HAV HAVE BEEN EEN DI DISCO SCOVER ERED, THE HE NEX EXT T DI DISCOVERI RIES WILL LL BE E FOU OUND UN UNDER ER COV OVER. R. ACUITY RESOURCES is RE RESU SULTS FO FOCUSS SSED - The acquisition of several tenements in Queensland and Western Australia, with outstanding potential to contain large-scale gold, copper, nickel, cobalt and Rare Earth Element deposits

• Premier geological team with exp

experience, knowledge and past succ success ss of generating mineral targeting models without the necessity for surface mapping/sampling.

• Proven track record of diss

dissolving geo geological para paradigms s and changing the global understanding of geological processes, including deposit formation.

• Div

Diverse po portfolio - exploration for base metals, precious metals and REE’s.

• Detailed Australian geological analysis finalised,

acquisition complete, focused now on growing Acuity Resources’ existing ex exploration and and disc discovery pip pipeline

• Collaborating with selected partners to ensure

tec echnological ad advances s and and tar argeting succ success ss

• Specifically developed targeting programs “Minerals

Targeting Undercover” (MTU) to ensure str strategic foc focus

Ne New larg large sca scale min ines will ill be dis iscovered undercover

Generate gol gold pro production from shallow resource at existing mine site Drilling to prove 250,00 ,000 ou

• unces JORC reserve and resources

Integrating fore forefront tar argeting tec echniques s with ne new min ineral id identifi fication tec echnologies

St Stage 1 Dev evelo elop Bona

• na Vis

ista St Stag age 3 Glob Global l tar argetin ing

New global understanding

• f deposit formation
• Provides knowledge as to

what is happening “under cover” - helping to target more efficiently the next large discovery Detailed targeting methodologies

• Well over 100 different

fields are used to determine target rankings to ensure highest probability of success Acquisition of interests in land areas highlighted in targeting models

• Strategic Partnerships
• Joint Ventures
• Outright Acquisitions
• Pegging new tenements

St Stag age 2 2 R & R de definit initio ion

Short term gold production to provide funding to build gold reserves Gold production to fund global exploration and grow discovery portfolio

Acuity Resources will achieve success via a focussed, 3-Stage growth program

Tig ightly in inte tegrated, production-supported gro rowth

Mr Matthew Martin – Managing Director Matthew is an accomplished executive leader with almost 20 years in operational and executive management

• roles. He brings extensive international experience having held senior positions with Fugro, Dexia Bank of

Luxemburg, First Group and BDO. He has been CEO of ASX listed mining company, Citigold. Matthew pivoted the company from a period of stagnation by, reducing costs and leading the Company to achieve its maiden profit. Matthew is passionate about creating value for customers, employees and shareholders, regarded by his peers as a thought leader and innovator. He is a hands on problem solver, adept at risk management and mitigation, with a track record of successfully negotiating positive outcomes for stakeholders. Dr Simon Richards – Director of Exploration Simon has a well deserved reputation for being a leader in the area of technology and innovation in the geological

• space. Simon has been the principal investigator on geological projects for companies including DeBeers, Barrick

Gold and Nautilus Minerals. Simon combines classical geological and geophysical techniques with innovative technologies to generate accurate and precise 3D models of the Earth structure. He uses these techniques to unravel the large-scale controls on mineral deposit formation. Recent experience in exploration and targeting has led Dr Richards to develop techniques that speed up the discovery process while significantly cutting the cost and risk involved with discovering new deposits. Mr Xavier Hill – Head of Mining Xavier brings almost 15 years’ of sound practical experience in the mining industry having managed a number of mines around the world in both open cut and underground operations. Xavier who holds a Bachelor of Engineering (Mining) and also an MBA has worked in a broad range of roles and functions from scoping studies all the way through to Underground Manager for large multinational mining companies including Newmont, Glencore and BHP.

Str Strong executive tea team

ATHENA

IOCG/Ni-Cu-Co, REE Project

Bona Vista

narrow Vein Gold/Porphyry Au Project

Sunnyside

IRGD/Porphyry Cu-Au Project

Glendowner

IRGD/Porphyry Cu-Au Project

Mt Vince

IRGD/Porphyry Cu-Au Project

Bluefields* target areas discovered via Acuity Resources’ “Mineral Targeting Undercover” (MTU) program Acuity resources has already achieved a growing portfolio of high quality targets and assets in new and

• verlooked areas using techniques

specifically developed to explore undercover (MTU program)

Qualit lity asset et port

• rtfoli

lio atta ttain ined ed th thro rough for forefront ta target eting tech techniq iques es

“Similar geological cha characteristics to

• two
• of
• f

Evolu Evolution

• n's

's cur current mine ines, s, Mt Carl arlton

• n an

and d Crac acow

• w, bo

both of

• f which

hich are are >1 >1Moz

• z epit

epithermal al gold deposits.” Evolution Exploring for Intrusion-related Gold Systems (IRGS) in the Connors Arch

MT CARLTON (1.35 Moz Au) CHARTERS TOWERS (16.6 Moz Au) MT WRIGHT (4.1 Moz Au) MT LEYSHON (3.1 Moz Au) PAJINGO (5 Moz Au) SUNNYSIDE COPPER-GOLD PROSPECTS BONA VISTA EPITHERMAL/MESOTHERMAL GOLD DEPOSIT GLENDOWNER PYRITE-PYROPHYLITE SHELL (PORPHYRY) NEW ENGLAND OROGEN (~370-230m Ma) THOMPSON OROGEN SIGNIFICANT DEPOSIT MOSSMAN OROGEN NORTH AUSTRALIAN CRATON ACUITY RESOURCES EPM MT RAWDON (2.5 Moz Au) CRACOW (2.8 Moz Au) MT MORGAN (9 Moz Au) EVOLUTIONS RECENT ACQUIRED EXPLORATION AREA

Large pre resence in in multi-mil illi lion ou

• unce gold
• ld cor

corrid idor

Sample 305959-WP1188 – 171g/t Gold + 90g/t Silver + 6.8% Copper

• 100% owned highly prospective acreage (184 sq klms), with a

plan to prove up an initial JORC reserve of 250,000 ounces of gold within the first 12 months with potential to significantly increase over time.

• Agreement in place to acquire controlling interest 50,000tpa

process plant and small mining leases adjacent to area already controlled by Acuity.

• Discussions on-going with remaining holders to complete share

swap for 100% of plant and mining leases.

• Exp

Expected pr production building from 2,000 ounces gold during last quarter of 2018

• The initial mining is shal

shallow, sim simple and low low cost cost.

• Min

inimal capi capital requirements to first gold.

• Two independent pre-JORC technical assessments indicating

between 120,000 to ov

• ver 300

300,00 000 oun

• unces Au

Au.

• Mining Lease structures are open in

in all directions and has never been drilled.

• Originally a copper mine, despite multi-ounce gold/tonne grades

(up upside po potential to be a large gold, copper and silver producer) Env Environmental Ap Approval Granted Larg Large pos positive NPV Min ining Lic Licence Ap Approved Process ss Plan lant Operational

BONA VISTA GO GOLD PRO ROJECT – Build ildin ing re revenue now

• w

MINING AREA OUNCES Duffer 89,900 Loch Neigh 5,900 Wilson 3,500 Lamington 24,900

TOTAL 124,200

• Profitable pr

production ini initially to

• com

commence in in 2018.

• Current est

estimate of

• f 12

124,20 4,200 0 ou

• unces provide a 6 year

mine life.

• 2018 and 2019 production to come from the

Lamington, Duffer extensions and Wilson areas.

• 2020 pr

production will come from the extraction of ore from the und underground

• Potential to inc

increase ann annual pro production on completion of planned exploration.

BONA VISTA GO GOLD PRO ROJECT - Lo Low co cost / / hig igh grad rade pro roduction

7.7 .7 g/ g/t Au, Au, 17 17% Cu 10 103 3 g/ g/t Au, Au, 12 12.1% .1% Cu, u, 53 53.2g .2g/t Ag Ag New ew disc discovery - gold-rich “Loch Neigh Vein” Rock Chip sample assays 18 180.0 0.0 g/ g/t Au Au, 44.0 g/t Au, 4.0 g/t Au

Sample 305939 - 17 171.0 1.0 g/t g/t Au, 90.9g/t Ag, 6.8% Cu Sample 305940 - 16 161.0 1.0 g/t g/t Au Sample 305943 - 30 304.0 4.0 g/t g/t Au, 66.7g/t Ag, 2.1% Cu Trench samples (65 total) av. 29.6 g/t Au Lam Lamingto ton min mine

BONA VI VISTA is is OPEN EN IN ALL ALL DI DIRE RECTIONS AN AND HAS AS NEVE EVER BEEN BEEN DR DRILLED!

BO BONA VIS ISTA GOLD PROJE JECT - Hig High gra grade gold gold res results, op

• pen

en in in all ll dire irections

ACUITY TY RESOU SOURCES EPM 26973

INDI DICATORS RS OF F PORP RPHYRY RY MINERALISATION POTENTIAL BEL ELOW EP EPM Key alteration criteria observed at surface (EPM26973) indicating potential mineralised porphyry gold deposit below  Ad Advanced ar argi gillic alt alteration (pyrophyllite shell) indicative of alteration above a mineralised porphyry shell  Hea eavily alt altered (hydrothermal) volcaniclastic porphyritic andesites and diorites  Perv ervasi sive Pyrite + Pyrophyllite + Alunite (also Epidote & Jarosite)  DRILL PROGRAM READY

GL GLENDOWNER Porphyry Au tar target - drill rill re read ady

Nearby copper

• ccurrences

Nearby gold

• ccurrences

GL GLENDOWNER Porphyry Au tar target - drill rill re read ady

Proposed dr drill pr program Location of EPM26973 – Advance argillic alteration zone above porphyry Cu-Au Current surface level at Glendowner Point Estimated 500m below surface

ACUITY RESOURCES EPM 26980 Porphyry copper-gold prospects “Royal George” gold prospect “LUCKY HIT” gold prospects “Black Waterhole” gold prospects Gordon Creek copper prospect Mt Bridgeman major molybdenum target “Sunnyside” historical gold mines

Sunnyside

IRGD/Porphyry Cu-Au Project

SU SUNNYSIDE por

• rphyry an

and epit ithermal l gold ld pro rojects

*The Global Shift to Undercover Exploration - Richard Schodde, Managing Director, MinEx Consulting, Adjunct Professor, University of Western Australia

Discoveries under cover tend to be 2x-4x larger* To improve its performance, industry needs to develop better tools for exploring beyond 200 metres of cover*

Explorin ing undercover fo for th the next major deposit dis iscovery

Develop NEW exploration techniques, not just adapt old ones Generate targets beyond lithocaps and alteration halos – look under “young” cover relative to deposit age Its not about “brave drilling” - intelligent targeting must be supported

ACUITY RESOURCES went live with its Minerals Targeting Undercover (MTU) program in 2017.

ACUITY RESOURCES’ deep exploration MTU program

Removing the risk of deep (>150m) drilling through sm smar art geo geology Recognising how to ad adap apt deve veloping technologies to resolving geoscientific problems including blind targeting Exploration is NOT mod

• del dr

driven Two current “UNDER COVER” bluefields programs AT ATHENA Frontier, high-potential exploration target Western Australia MOUNT VI VINCE Porphyry Cu-Au target Queensland De Develop NEW EW exp exploration tec echniques, don’t follow trends.

Achieving success

MTU is the result of over 12 years in development – Brings together team and experience

Nautilus Minerals SM SMS de depo posits (Tonga, PNG, Fiji, Aegean, Solomon Islands, Atlantic) – like looking for a deposit with a drone and spotlight at night Team has a track record of exploring for multiple commodities and for difficult deposits using unconventional techniques DeBeers Di Diamonds and nd Kimberlite re related intr ntrusions Developing global targeting techniques (Published Lithos, 2009) Barrick Gold Po Porp rphyry Cu-Au Au (PNG) Quantum Pacific Po Porp rphyry Cu-Au Au (Chile) Citigold Narrow Ve Vein Gold

• ld

(Qu Queensland) Mallico Cop

• pper

r Oxides/IOC OCG (Queensland) 4D Plate tectonics Po Porp rphyry Cu-Au Au (Global) Academic, GIS based targeting research Saddle re reef and nd shea hear r zon

• ne

hos

• sted

ed gold (Northern Territory)

ACUITY RESOURCES’ distributed risk exploration model

Along-strike extrapolation

• f geophysics

Advanced 3D WOE GIS programs required Drilling extensions to existing resource or reserve Re-opening/re-drilling artisanal/historical mines e.g. Anglo America Exploration 7500km2 Mt Isa EPM applications New geographical space (no existing mines or deposits) Existing mineral occurrences (e.g. historical/artisanal workings) e.g. Geoscience Australia (GA) Exploration under cover methodology No previous drilling Mapping alteration caps Deep understanding of mineral systems, tectonics and mineral deposit formation Multidisciplinary, Advanced 4D WOE GIS programs required Move away from traditional or “accepted” deposit models”

Managing risk and ensuring success by distributing projects across Brownfields – Blu luefields s exploration Low Low ris isk Perc Perceived hig igh ris isk

Greenfields - Thin or no cover Bluefields - Thick to very thick cover

Strategic, focussed and intellectually- driven exploration program

Mou

• unt Vi

Vince meets critical MTU model criteria  Magnetic response “fits” the constraints

• f known porphyry deposits worldwide.

Magnetic high relative to surrounding basin sediments and an associated low that could be the mineralised alteration zone.

20km

ACUITY RESO ESOURCES S EPM 27015 “Mt Vince”

 Occurs within a well-defined “fertile” copper belt with other porphyry copper

• ccurrences

 Mineralised cap (carapace) has not been eroded – preserved under cover.  Under thin cover 100-300 m - helps preservation.  Falls on major, copper and gold-bearing cross-arc/cross-belt NE-trending lineament  Magnetics anomaly size is consistent with

• ther know global deposits (3-5klms)

MOUNT VINCE - Undercover modelli ling pred redic icts high igh Cu Cu pote

• tentia

ial

Devonian age intrusive suite Permian age Bowen Basin sediments Permian age Bowen Basin sediments Permian age Bowen Basin sediments Cu u targets under Permian cover

Surface geology map Magnetics map

Magnetic high Magnetic low

TARGETING CRITERIA – EXPLORATION UNDER COVER

Coupled high-low response typically seen in magnetic (RTP) data = target

4km

Source: Abedi, M., 2012. DOI: 10.1007/s12517-012-0615-5 Model results for RTP magnetics over buried porphyry

EPM 27015 Expected magnetics response from modelling

MOUNT VINCE - Por

• rphyry in

intru trusion res response in in magn gnetic ics

 Tectonic set setting ideal for formation intrusion related deposits (IOCG and Ni-Cu). Intracontinental, basin margin setting surrounded by other mantle-derived, intrusion-related deposits including Diamonds, REE and Ni-Cu.  Magn agnetic and and gr gravity hig high – This is a main exploration criteria defined by SA government geoscientific exploration models for IOCG style deposits. ATHENA is also associated with a positive Uranium anomaly as evident in radiometric map of Western Australia.  Initially targeted using lin lineament anal analysi sis s before geophysics

• r geology. Some lineaments represent major mantle-to-

surface magma and fluid transfer structures and are associated with locus of mineral deposit formation.  The targeted lineament also contains other man antle-derived Co Co-Ni intr intrusi sions proving that the structure was an active magma transfer feature.  Sam Same ano anomaly size size as know large scale intrusion related deposits being approximately 4 kilometres across.  Und nder shal shallow cove cover (~400m) Project located on basement high (300- 400m below surface) on the southern edge

• f the Gregory Sub Basin.

The area is well-endowed with other mantle-derived deposits

Source: PDAC Convention – Australian Mineral Seminar 2018

ATHENA Pro roject Are rea – An in intr tracontin inental l larg large sca scale le deposit

Uranium high Magnetic high Gravity high GRA RAVITY MAG AGNETICS MAG AGNETICS RTP RTP

4km Source: Geological Survey of South Australia

E E 80 80/52 5264 64

ATHENA Pro roject Are rea – An in intr tracontin inental l larg large sca scale le deposit

Source: Deloitte Half-year 2018 IPO Report

Sou

• urc

rce: OnMarket 2017 IPO Report

Source: Deloitte Half-year 2018 IPO Report

IPOs ou

• ut-performed the ASX 200 by 54.6%in 2017

 IPOs for for small l caps ou

• ut-perfor

form lar arge cap entit itie ies  Stro Strong g weig weighted ave average re returns from from IPOs Os  Posit

• sitiv

ive per perfor

• rmance on
• n fi

first rst day day

Cas ase Stu Study 1 1 – Re Recent ASX SX IPO IPO Performance

Source: Deloitte Half-year 2018 IPO Report

.

No

• JO

JORC Rese Reserve or

• r Res

Resource 700 700% increase in sha share pr pric ice in 12 12 mon

• nths

Cas ase Stu Study 2 2 – Dr Draig Re Resources

Seeking $1 million series A

>$ >$200,000 alr lrea eady co commit itted Rais isin ing g up to to $1 mill illion at t $0.0 .07 per er share Min inimum listin listing price rice on

• n ASX is

is $0.2 .20 per er share, listin listing pla lanned ed fo for la late te 2019 We are looking for 12 months financing to

Move Bonavista into prod productio ion Undertake dri drill l prog program to enable initial JORC Reserve and Resource Conduct geop geophysic ics program on undercover targets

Se Seed Cap apital l an and Use se of

• f Fu

Funds

Cap apital l St Structure

DETAILS OF FUNDING ROUND Maximum number of shares to be issued 14,285,715 Issue price per share $0.07 Funds to be raised $1,000,000

CAPITAL STRUCTURE

RAISED SHARES CAPITAL Founder, Vendor Shares 32,000,000 Seed Round One 14,285,715 $1,000,000 Seed Round Two* 5,000,000 $500,000 IPO Round** 30,000,000 $6,000,000 Total Shares 81,285,715

*Based on Acuity Resources deciding to undertake an IPO on the ASX and seeking to cover the costs of the IPO externally **Based on Acuity Resources Listing on the ASX. The stock will advance the project faster than otherwise and provide a market for the securities.

EX EXTENSI SIVE MANAGEMENT EX EXPERIENCE WO WORL RLD CLASS SS EX EXPLORA RATION, CONST STRU RUCTION AND OPE PERA RATIONS TEAM EAM STRO RONG UPSI PSIDE PO POTENTIAL NE NEAR TERM RM PRO PROFITABILITY AND GROWTH CUTTING ED EDGE GEO EOLOGICAL MODELING

 Cutting edge geological models and team.  Short lead in time to production.  Technology focused to ensure low cost.  Focused in a proven gold destination.  ASX listing in 12-18 months.  Exploring in an under explored area with drill ready targets.  Drill plan already developed to enable maiden JORC compliant Reserves and Resources.  Extensive artisanal mining  High grade rock chip samples

Str Strategic Advantage

CONNERS ARCH

1

Str Strategic Advantage

 First players in both ATHENA and Mt Vincent  Premiere bluefields target.  ADD HERE  Team with exploration under cover expertise.  ADD HERE  Access and understanding of disruptive pre- drill geophysics technology  In mineral endowed Queensland and Western Australia  Politically stable country  Capacity to quickly prove mineralisation

BLUEFIELDS EXPLORATION TARGETS

www.a .acuit ityresourc rces.com.au

.