www.ansonresources.com

Low Emission and Technology Minerals Conference Hyatt Regency Perth

16th November 2016

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Disclaimer The information contained in this confidential document ("Presentation") has been prepared by Anson Resources Limited (the "Company"). It has not been fully verified and is subject to material updating, revision and further amendment. The Information many not be distributed to others at any time without the prior written consent of the Company (including the presentation) any copies thereof, and will destroy all analysis, complications and other documents or writings whatsoever containing or reflecting any such material. While the information contained herein has been prepared in good faith, neither the Company nor any of its shareholders, directors, officers, agents, employees or advisers give, have given or have authority to give, any representations or warranties (express or implied) as to, or in relation to, the accuracy, reliability or completeness of the information in this Presentation, or any revision thereof, or of any other written or oral information made or to be made available to any interested party or its advisers (all such information being referred to as "Information") and liability therefore is expressly disclaimed. Accordingly, neither the Company nor any of its shareholders, directors, officers, agents, employees or advisers take any responsibility for, or will accept any liability whether direct or indirect, express or implied, contractual, tortuous, statutory or otherwise, in respect of, the accuracy or completeness of the Information or for any of the opinions contained herein or for any errors, omissions or misstatements or for any loss, howsoever arising, from the use of this Presentation. Neither the issue of this Presentation nor any part of its contents is to be taken as any form of commitment on the part of the Company to proceed with any transaction and the right is reserved to terminate any discussions or negotiations with any prospective investors. In no circumstances will the Company be responsible for any costs, losses or expenses incurred in connection with any appraisal or investigation of the Company. In furnishing this Presentation, the Company does not undertake or agree to any obligation to provide the recipient with access to any additional information or to update this Presentation or to correct any inaccuracies in, or omissions from, this Presentation which may become apparent. This Presentation should not be considered as the giving of investment advice by the Company or any of its shareholders, directors, officers, agents, employees or advisers. Each party to whom this Presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. In particular, any estimates or projections or opinions contained herein necessarily involve significant elements of subjective judgment, analysis and assumptions and each recipient should satisfy itself in relation to such matters. This Presentation includes certain statements that may be deemed “forward-looking statements”. All statements in this discussion, other than statements of historical facts, that address future activities and events or developments that the Company expects, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in forward-looking statements. Competent Person’s Statement The information in this presentation is an accurate representation of the available data and studies for the deposit reviewed by Mr Greg Knox (MAusIMM), a Director of the Company. Mr Knox has over 25 years of exploration and mining experience in a variety of mineral deposit styles. Mr Knox has sufficient experience which is 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”. (JORC Code 2012). Mr Knox consents to inclusion in the report of the matters based on his information in the form and context in which it appears.

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Anson Resources Limited is a ASX listed company which owns a

Western Australian graphite deposit. It plans to develop graphite

products for the battery sector

Assets 100% ownership of Ajana graphite project in Western Australia

exploration licence covering 115km2

high grade pristine flake graphite

Initial Target Resource

7 - 12 million tonnes* in Walcott Prospect alone

Objectives

to develop graphite products including battery grade spheroidal

graphite and graphene

* Based on the geophysical interpretation of the EM data

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Capital Structure

Shares in issue 155m

Share Price (as at 15/11/2016) 3.0 cents

Market Capitalisation $4.86m

Net Cash (as at 30 September 2016) $1.56m*

Enterprise Value $3.30m

*includes Iconic Minerals holding value AUD$0.5m

Top Shareholders (total shareholders circa 350)

Wu Xiaonan 22.0%

Bruce Richardson 11.0%

Ouro Pty Ltd 10.0%

Greg Knox 7.5%

Bruce McLeod 5.2%

Sassey Pty Ltd 5.0%

Wo Wah Industrial Investments Ltd 5.0%

Chifley Investments 2.0%

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Bruce William McLeod, B.Sc. (Maths), M.Com (Econ) - Non Executive Chairman

•Experienced public company director.

•>25 years experience in the Australian capital markets.

•Corporate funding experience in resources and property industries.

•Extensive experience in the takeover and rationalisation of listed and unlisted companies.

Bruce Andrew Richardson, B.A (Hons) - Managing Director

•>30 years of international business experience, particularly China.

•Proven track record in exploration, mining and production.

•In the past few years has raised over $170 million dollars of investment in mining projects

Peter (Greg) Knox B.Sc. (Geology) – Non Executive Director

•Mr Knox is a qualified geologist with over 30 years of experience in the resources industry

•Experience in in exploration, mine development and mining operations.

•He has worked on projects from grass-roots exploration through to mine development and production.

•He has extensive experience in gold, base metals and iron for several ASX listed companies.

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Ajana is located in Western Australia,

500km from Perth and only 130km from

Geraldton

Source: DMP

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Historic mining area in

one of the world’s

leading mining states

Majority Crown land

Existing infrastructure

Skilled mining workforce

and contractors within

close proximity

No fly-in, fly-out

workforce costs

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Anson Resources

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National highway bisects

tenements

Port 130km; bulk and “rotainer”

capable

Airport 130km; good for small

volumes

Capex investment in logistics

minimal

Short time to shipments /

cash-flow

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High grade metamorphism

with hydrothermal alteration

Graphite schist within a

Proterozoic Gneiss

Similar to Tanzanian

graphite deposits

Samples indicate graphitic

schist up to 42.3% TGC

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14 EM targets

at Walcott

Prospect

8 EM targets at

Mary Springs

Prospect

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8 EM targets at Mary

Springs Prospect

Can prioritise for

exploration purposes

Size

Conductivity

Depth

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14 EM targets at

Walcott Prospect

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3D conductor plate

interpretation

Size of conductive body

Plan future drilling programs

(based on the strike & dip of

conductor)

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Classification Microns Size Distribution Grade

µm Distribution % TGC %

Super Jumbo >500 2.21% 97.80%

Jumbo 300-500 14.38% 96.40%

Large 180-300 26.21% 94.30%

Medium 150-180 13.68% 91.80%

Fine 75-150 43.52% 89.76%

Total 100% 92.36%

Samples taken from shallow pits and shafts below surface

(comparable practice with other graphite projects at this

stage of development)

One floatation test cycle only – does not include milling or

chemical treatment

Further test work being carried out on samples from the

drilling program

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Product Key Market Price

1. Refractory graphite Steel US$500 per tonne

2. Spheroidal graphite Batteries US$2,800 per tonne

3. Expanded graphite Fire insulation US$7,000 per tonne

4. Graphene Numerous US$55,000 per tonne ???

source: industry estimates

Multiple products provides for multiple revenue opportunities

and de-risks the Company if it was only a supplier of one

graphite or graphene product

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Li-Ion Battery grade specifications produced:

99.97% TGC purity achieved

Li-ion battery specifications achieved

with conventional milling and

purification techniques

Test work carried out in Germany by

ANZAPLAN*

*Dorfner Analysenzentrum und Anlagenplanungs-Gesellschaft

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3,0

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1,0

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agnif

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Spherical graphite

analysis falls within

range suitable for Li-ion

anode manufacture

Every battery

manufacturer has its

own set of specifications

Company will tailor its

product to meet various

manufacturers

specifications

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Fixed Carbon (%) 99.97

Ash (%) 0.03

Moisture (%) 0.1

Fe (ppm) 18

Ca (ppm) 7

S (ppm) 40

Si (ppm) 28

Al (ppm) 15

Ni (ppm) <8

Zn (ppm) <8

Cr (ppm) <8

Cu (ppm) <8

Analysis of Anson’s purified spherical graphite product.

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Summary Particle Size Distribution (PSD) determines the application and

has an important influence on Tap Density

Tap Density should be as high as possible

Specific surface area (SSA, measured according to BET) should

be as low as possible

D50 particle size varies for individual battery applications

Grid Storage: D50 ~ 25μm

Electric vehicles: D50 ~ 16μm

Hybrid vehicles and consumer electronics: D50 ~ 10μm

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Tap density specifies the

ability of compaction

0.9g/cm³ for fine spherical graphite

products (D50 ~10 – 15 microns)

>0.9g/cm³ for coarser products

(D50 ~15 – 25 microns)

BET value is an

indication of

compactness of

particles

Values range from 4 to 8 m2/g

The D90/D10 ratio

expresses the spread of

the PSD

Ratio of< 3 typical

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Specifications of Anson’s purified spherical graphite product.

Ajana Spherical

Graphite

Suitability

D10 (micron) 9.9

D50 (micron) 15.3

D90 (micron) 23.4

D90/D10 2.4 Yes

Tap Density

(g/cm3)

0.90 Yes

BET (m2/g) 6.0 Yes

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ASX Listed Co.44.80 ANS WKT KNL TLG HXG MNS SYR

January 2016 mkt cap A$m $1.0 $12.0 $32.0 $53.0 $13.0 $135.0 $737.0

November 2016 mkt cap A$m* $4.9 $6.7 $44.8 $49.1 $63.9 $267.4 $865.1

Country Australia/US Tanzania Tanzania Sweden Australia Tanzania Mozambique

Lithium a a r r r r r

Graphite

Flake size Jumbo Jumbo Large ? Large Large Medium

Resource defined r r a a a a a

Estimated resource size**

7-10Mt ? circa 10.9Mt circa 7.6Mt circa 7.1Mt circa 156Mt circa

1,191Mt

Offtake MOU a r a a a a a

Political stability a ? ? a a ? r

Infrastructure a r r a a r r

Cornerstone investor r r r a r r a

Graphite sector market cap

A$’000

*as at 15/11/2016

**target resource for ASN based on EM data

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