TSXV:HAN OTCPINK:HANNF - hannanmetals.com · 5 TSXV:HAN OTCPINK:HANNF San Martin project Sediment-hosted Cu-Ag in Peru Large, unexplored sediment-hosted high-grade copper-silver district

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@hannanmetals

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Accuracy of Information: Readers are directed to the public disclosure of Hannan Metals Limited (“Hannan”)available under Hannan’s profile on the System for Electronic Document Analysis and Retrieval (“SEDAR”) atwww.sedar.com. Information contained in this presentation was believed to be accurate at the time it was posted,but may be superseded by more recent public disclosure of Hannan. Hannan makes no representations orwarranties as to the accuracy, reliability, completeness or timeliness of the information in this presentation.Forward-Looking Information: Some of the statements contained in this presentation may be forward-lookingstatements or forward-looking information within the meaning of applicable securities laws (collectively, "forward-looking statements"). All statements herein, other than statements of historical fact, are forward-lookingstatements. Although Hannan believes that such statements are reasonable, it can give no assurance that suchexpectations will prove to be correct. Forward-looking statements are typically identified by words such as:believe, expect, anticipate, intend, estimate, postulate, and similar expressions, or are those, which, by their nature,refer to future events. Hannan cautions investors that any forward-looking statements are not guarantees of futureresults or performance, and that actual results may differ materially from those in forward-looking statements as aresult of various factors, including, but not limited to, capital and other costs varying significantly from estimates,changes in world metal markets, changes in equity markets, planned drill programs and results varying fromexpectations, delays in obtaining results, equipment failure, unexpected geological conditions, local communityrelations, dealings with non-governmental organizations, delays in operations due to permit grants, environmentaland safety risks, and other risks and uncertainties disclosed under the heading "Risk Factors" in Hannan’s mostrecent Annual Information Form filed on www.sedar.com. Any forward-looking statement speaks only as of thedate on which it is made and, except as may be required by applicable securities laws, Hannan does not assumethe obligation to revise or update forward-looking statements or information that may be contained in thispresentation or to revise them to reflect the occurrence of future unanticipated events.Qualified Person: The qualified person for Hannan’s projects, Michael Hudson, CEO for Hannan, and a Fellow ofthe Australasian Institute of Mining and Metallurgy, has reviewed and verified the contents of this presentation.

28 May 2019

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TSXV:HAN OTCPINK:HANNFwww.hannanmetals.comCorporate Structure

TSX-v : HAN

HAN

HANNF

INSIDERS: 30%

SHARES ON ISSUE: 52.7 M

FULLY DILUTED: 72.7 M

RECENT PRICE: C$0.08 (29 May)

52 WK HIGH/LOW: $0.045/0.21

MARKET CAP: C$4.2 M

CASH: C$0.4 M

ENTERPRISE VALUE: C$3.8 M

OPTIONS:

75,000 @ $0.40 exp. Feb ‘2065,000 @ $0.45 exp. May ’2075,000 @ $0.40 exp. Jul ‘20100,000 @ $0.30 exp. Jul ‘201,071,000 @ $0.10 exp. Nov ‘2150,000 @ $0.26 exp. Feb ’22500,000 @ $0.13 exp. Sept ’23537,000 @ $0.15 exp. Feb ’24

WARRANTS:

5,442,486 @ $0.40 exp. Aug ’191,1196,480 @ $0.40 exp. Aug ‘19737,500 @ $0.10 exp. Mar ’202,102500 @ $0.15 exp. Apr ‘21397,500 @ $0.15 exp. Apr ‘217,390,900 @ $0.25 exp. Jul ‘21

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Hannan is managed by a group with

careers built in the exploration

industry.

In recent years, the group has raised

more than US$100M for European

and Peruvian exploration and

development.

With a track record of success, and

significant experience in gaining

social licence to operate, Hannan is

well place for continued growth.

Michael Hudson (Chairman & CEO): B.Sc. (Hons), GDipAppFin, FAusIMM, MAIG

Lars Dahlenborg (President): MSc.

David Henstridge (Director): B.Sc. (Hons), FAusIMM, MAIG, MGSAust

Georgina Carnegie (Director): B.Com, AM Harvard

Ciara Talbot (Director): B.Sc. (Honours)

Nick DeMare (Director): CPA, CA

Mariana Bermudez (Corporate Secretary)

Russell Starr (Corp. Dev. Adviser)

Directors & Officers

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San Martin projectSediment-hosted Cu-Ag in Peru▪ Large, unexplored sediment-hosted high-grade copper-silver district in Peru

▪ Style, commodity and country for the majors, Central African copper belt copper-belt analogy. First mover into basin;

▪ Exploration target of considerable scale. Permit applications now cover 35,400 haand provide Hannan with first mover advantage of an area exceeding 72km ofstrike and up to 7km width over two anticlinal trends;

▪ First prospected area, mineralized boulders (>0.1% copper) range in grade from0.1% to 8.3% copper and 0.2 g/t silver to 109 g/t silver with an average grade of2.8% copper and 27.2 g/t silver over 15 kilometre area

▪ Teams now on the ground from May-Sept 2019 to prospect/define mineralizationover 110 kilometres

Investment Highlights hannanmetals.com

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Huallaga Basin as the same scale as Central African Copper Belt

The scale of our search space:

Central African Copper Belt Analogue

https://www.newsfilecorp.com/release/41047/Ivanhoe-Mines-Ltd.-Latest-drilling-expands-Kamoa-North-copper-discovery

Kamoa North:3m average thickness @ 3% Cu (local structural/facies blow outs in thickness)

https://www.newsfilecorp.com/release/41047/Ivanhoe-Mines-Ltd.-Latest-drilling-expands-Kamoa-North-copper-discovery

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San Martin Copper-Silver Project, Peru

Field work at Sacanche Bleached Sarayaquillo outcrop at Sacanche

Bleached and mineralized Sarayaquillo outcrop at Sacanche

Field team

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Access to Northern Sacanche Claim

Access to Tabalosos West “Quartz arenite-gossan” outcrop at Sacanche

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Gera River Salt dome at Gera with salt mine adit

Silicifed outcrop with iron oxides after pyrite north of Tabalosos, East of Gera.

View over Cuchiyaco village at Tabalsos. Strongly mineralized Cu-float was located in the creek behind the village.

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Lagunas village, North Tabalosos

Strongly mineralized float from Tabalosos

Video: high-grade copper mineralized float at Tabalosos

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TSXV:HAN OTCPINK:HANNFwww.hannanmetals.com70km

Lima

Exploration license

Significant mine/exploration project

New high-grade Cu-Ag sediment hosted copper discovery

Three permit applications for 35,400 ha covering 76 kilometres of strike

Fifteen kilometres prospected: 19 mineralized boulders with an av. grade of 2.8% copper and 27.2 g/t silver

Gossans to 80 metresthickness

Advantage of basin scale seismic data


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▪ Project access is excellent via a proximalpaved highway, while the altitude variesbetween 800 metres to 1,600 metres in aregion of high rainfall and predominantlyforest cover.

TarapotoPopulation150,000

35,400 Ha application areas

Gera and Tabalosos

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All the hallmarks of a significant sediment hosted Cu-Ag district

The host rocks are Jurassic to LowerCretaceous, deposited within an intra-continental basin.

Hannan is attracted by the geological setting ofthis mineralization, an analogue to the ZambianCopper Belt:

✓ stratigraphic sequence✓ basin architecture ✓ host rock age ✓ unique attributes✓ long lived basin✓ extensive evaporites ✓ major glacial event

Tabalosos

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Mineralization: disseminated chalcocite, covellite, bornite and digenitedeveloped at the contact of oxidized and reduced strata

Tabalosos Regional Section- Multiple Horizons

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• Multiple gossans up 80 metres in thicknesshave been recorded within 5km strike.

• River float samples assaying significantcopper and silver discovered intermittentlyalong the 25 kilometre strike of theSancache claim application area.

Sacanche

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C

Sacanche: May 2019 Results – Scale and Context

Cu

Cu

Cu

CuCu

Cufeox

feox

feox

feox

feox

feox

Very rich float with CuOx and chalcocite together with large boulders of iron oxides after pyrite in creek.

Large sandstone boulders with iron oxides after pyrite in creek.

Stratiform copper mineralization, up to 6m thick. Hosted in bleached red-beds of Sarayaquillo formation. Traced over 1km strike.

5km (?) quartz-sandstone hosted iron oxide gossans with percentage levels of zinc and lead.

Stratiform copper mineralization, up to 4 m thick. Hosted in bleached red-beds of Sarayaquillo formation.

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mineral zonation

Stratigraphy – multiple traps identified

Structure or lineament related to salt tectonics

Quartz sandstone

Redbeds

Outcrop sample

Boulder sample

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Project Strategy

• Follow up float over a large area – lots more copper to be discovered

• Collect intellectual property (IP) over the Huallaga north basin• Why – we are first movers, lack of regional

data, OPPORTUNITY. Copper showings exists over 120 km x 50km to date.

• The public geological map is gravely incorrect -> OPPORTUNITY

• What type of IP? • Stream sediment samples,

interpretation remote data, seismic from the petroleum industry.

• Need to define the best part of the system within our claims (or elsewhere)…

San Martin Project, Peru

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Clare project Carbonate hosted Zn-Pb-Ag-Cu, Ireland▪ 100% ownership high-grade mineralization, expandable at all scales,

35,000 hectare land package;

▪ 40.6 line km 2D seismic survey defined multiple new high prioritytargets over a combined 12 kilometres trend immediately alongstrike and up dip from maiden Zn-Pb-Ag resource at Kilbricken;

▪ Extensively derisked project.

Investment Highlights hannanmetals.com

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Clare Project– Carbonate Hosted Zn-Pb-Ag

Pallas Green

Stonepark

Lisheen

Tynagh

Kilbricken

Silvermines

Kilbricken Maiden Resource Ind. 2.7 Mt @ 8.8% ZnEqInf. 1.7 Mt @ 8.2% ZnEq

Navan

Within 80km diameter SW Ireland contains >100Mt >10% Zn+Pb 19

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▪ Ireland – the home of zinc mining

▪ 52,451 hectares under tenure

▪ One of the most mineralized blocks of ground in Ireland and has been assembled since the late 1980’s

▪ Seen close to US$30M of investment from Hannan and earlier exploration companies.

▪ Targeting Waulsortian hosted Zn-Pb-Ag carbonate replacement deposits

▪ Flagship prospect 100% owned Kilbricken Zn-Pb-Ag maiden resource at Clare. ▪ 2.7 million tonnes at 8.8% ZnEq

indicated ▪ 1.7 million tonnes at 8.2% ZnEq

inferred

▪ > 85 km2 Waulsortian subcropping in Clare license block and >100km2 blind target.

Clare Project– carbonate hosted Zn-Pb

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TSXV:HAN OTCPINK:HANNFwww.hannanmetals.comClare Project– carbonate hosted Zn-Pb-Ag

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TSXV:HAN OTCPINK:HANNFwww.hannanmetals.comKilbricken Resource Expansion Targets

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1:QUIN2:DOORA3:FINNANAGH4: BALLYHICKEY

KILBRICKEN

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QuinKilbricken Zn-Pb-Ag

Milltown Zn-Pb-Ag

Kilmurry Zn-Pb-Ag

> 85 km2 Base of Waulsortian reef subcropping in license block and >100km2 blind target

1 km

Kilbricken2.7 million tonnes at 8.8% ZnEq indicated 1.7 million tonnes at 8.2% ZnEq inferred

KilmurryThe big one?

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Clare Project– carbonate hosted Zn-Pb-Ag-Cu

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The Kilmurry Zn-Pb-Ag target

1: Max off-set target2: Amplitude target3: Relay target4: Relay target

Drill ready targets >6km strike

6km

11-3643-10 – A key drillhole✓ Hydrothermal hematite alteration in ABL unit✓ 0.3m @57% ZnPb from 166m structurally

hosted massive sulphide✓ 65m of pervasive calcite-dolomite alteration

of the Waulsortian limestone

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Kilmurry vs Lisheen

1: Max off-set target2: Amplitude target3: Relay target4: Relay target

6km

LisheenWorld’s 12th largest zinc deposit

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TSXV:HAN OTCPINK:HANNFwww.hannanmetals.comThe Kilmurry target- context

745-798m:65m calcite-dolomite alteration of reef

745-798m:Gossanous patches after pyrite

745-798m:Calcite replacing barite

800-806m:Hematite alteration of ALB

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▪ Opening up new search spaces for base metals via technology (Irish zinc seismics) and grassroots discovery (Peru copper)

▪ Previously unexplored sediment-hosted high-grade copper-silver district identified in north-central Peru

▪ New zinc discovery made during last downturn -US$30M sunk capital;

▪ Collecting data, making discoveries, creating value

Opening Up New Search Spaces hannanmetals.com

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Documents

TSXV:HAN OTCPINK:HANNF - hannanmetals.com · 5 TSXV:HAN OTCPINK:HANNF San Martin project Sediment-hosted Cu-Ag in Peru Large, unexplored sediment-hosted high-grade copper-silver district