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European Energy and Strategic Metals

Focus
ASX:RIE
Annual General Meeting
November 2018
 Disclaimer
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Any forward looking statements in this presentation have been prepared on the basis of a number of assumptions which may prove incorrect and the current
intentions, plans, expectations and beliefs about future events are subject to risks, uncertainties and other factors, many of which are outside Riedel Resources
(“Riedel”) control. Important factors that could cause actual results to differ materially from the assumptions or expectations expressed or implied in this
presentation include known and unknown risks. Because actual results could differ materially to the assumptions made and Riedel’s current intentions, plans,
expectations and beliefs about the future, you are urged to view all forward looking statements contained in this presentation with caution. This presentation
should not be relied upon as a recommendation or forecast by Riedel. Nothing in this presentation should be construed as either an offer to sell or a solicitation
of an offer to buy or sell securities in any jurisdiction.

This Presentation is not intended to provide the sole basis of any investment decision or other evaluation. Each recipient hereof contemplating an investment in
the securities of Riedel shall make, or shall be deemed to have made, their own independent investigation of Riedel and related documentation and their own
appraisals of the prospects and merits or the Company and its assets described herein.

All forecasts, facts, information, estimates and other statements of opinion contained in this Presentation have been prepared solely by, or on the basis of,
information supplied to Riedel. While the information contained herein is believed to be true and accurate, we expressly disclaim any and all liability for
representations or warranties, expressed or implied, contained herein, or in any other written or oral communications transmitted or made available to any
prospective investor.

No representation or warranty is made by Riedel that forecasts, projections, business goals or estimates contained herein will be achieved. This Presentation
speaks as of the date hereof. Neither the delivery of the Presentation nor any sale made hereunder shall, under any circumstances, create any implication that
there has been no change in the affairs of the Company after the date hereof.

Competent Person's Statement

The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Mr Jeffrey Moore, who is a Member
of The Australian Institute of Geoscientists. Mr Moore is an employee of Riedel Resources Limited. Mr Moore has sufficient experience which is relevant to the
style of mineralisation and types of deposit under consideration and to the activities undertaken to qualify as a Competent Person as defined 2012 Edition of the
‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Moore consents to the inclusion in this report of the matters
based on his information in the form and context in which it appears.

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 Corporate Overview

ASX ORDINARY OPTIONS CASH SHARE TOP 20

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CODE SHARES ($0.018 2019) (AT 30/09/18) PRICE HOLDERS

RIE 418M 18M $1.63M $0.018 69.3%

BOARD & MANAGEMENT

Mr Grant Mooney
Non-Executive Chairman
Corporate/Strategy
Mr Jeffrey Moore
Executive Director
Geologist
Mr Scott Cuomo
Non-Executive Director
Corporate/Strategy

Mr Alexander Sutherland
Non-Executive Director
Mining Europe (Norsk Hydro)

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 Significant Events – The Year In Summary
 Spain 21 July 2017
JV Agreement signed with SIEMCALSA whereby Riedel can earn-in interests of up to 90% in the
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Cármenes Cobalt-Copper Project, with provision for Riedel to acquire the remaining 10% interest
 Corporate August 2017
Successful completion of Rights Issue to raise $1,403,572 (before costs) by the issue of 93,571,495
shares of Riedel
 Spain 2017-2018
Significant exploration completed using modern exploration techniques including ground geophysics
(radiometrics and IP surveys), detailed structural mapping, rock chip sampling and ion-leach soil
geochemistry - project area previously largely untested by modern exploration techniques
 Western Australia May 2018
Completion of A$500,000 Charteris Creek Project sale to LMTD Wits Pty Ltd, providing Riedel with
additional funding for exploration activities at the Cármenes Project
 Western Australia May 2018
Australian Mines Limited increased its interest in the Marymia Gold and Copper Project to 80% by
completing total project expenditure of A$3M
 Spain July 2018
Year 1 JV commitment met by expenditure in excess of €300,000 at the Cármenes Project
 Spain July-August 2018
Four-hole diamond drilling programme completed at and around Profunda Mine
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 For personal use only Projects Portfolio

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For personal use only

Cármenes Project - Spain

 Cármenes Project Rationale
Focused on ethically sourced European technology and strategic metals
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projects with significant exploration and near-term development potential

 Proven historical production with outstanding

cobalt concentrate grades of up to 14%
recorded
 Value of metal (Co-Cu-Ni) produced from
historic La Profunda Mine alone in excess of
A$400 million at current metal prices
 Significant exploration upside - 95% of project
area untested by modern exploration
techniques prior to Riedel exploration
 Mining friendly jurisdiction and responsible
source of cobalt supply

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 MiningHistory: 1870-1890

⚒ Significant high grade Cobalt-Copper mine discovered

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at La Profunda (~1870)
⚒ Historical mining at La Profunda between 1870 to 1890
produced in excess of 100,000 tonnes of ore for 38,000
tonnes of high-grade Cobalt and Copper concentrates
⚒ Concentrate streams achieved the following
exceptional grades:
• Dual concentrate streams
⁃ Cobalt concentrate
14% Co plus 4% Ni and 5-6% Cu
⁃ Copper concentrate
33% Cu plus 1% Ni
• Single concentrate stream of 4% Co and 20% Cu
⚒ Value of metal (Co-Cu-Ni) in concentrate produced
from single historic mineralised ‘ore-pipe’ at La
Profunda at current metals prices in excess of A$400
million
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 A History of High Grade Mining: 1906-1931
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⚒ Primary phase of mining operations at Davina Providencia

mine took place between 1906 to 1914
⚒ In 1924 Metalúrgica del Cobre y Cobalto S.A.
recommenced mining operations at La Profunda mine
⚒ Significant investment was made into a new ‘modern’
concentrator and electrolytic extraction
(hydrometallurgical) facility with increased capacity
⚒ Ore transported to new facility by sophisticated aerial
cableway transportation system
⚒ Plant closed in 1931 due to the Great Depression, later
impacted by the mid-1930’s Spanish Civil War

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 Cármenes Project Highlights
 Located in northern Spain, 54km from city of Leon
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 Covers 42.3km² containing historic high grade

cobalt/copper/nickel/gold mines
 Numerous high-order targets generated from multi-
faceted modern exploration techniques may point to
new non-outcropping high-grade deposits
 Four-hole diamond drilling program completed at
and near to the historic La Profunda Mine with high-
grade potential illustrated by drill hole CMN-3 which
intersected:
– 1.95m @ 7.72% Cu, 0.11% Co, 0.09% Ni, 0.44% U and
0.24% Zn from 136.15m; including
– 0.90m @ 16.45% Cu, 0.21% Co, 0.17% Ni, 0.96% U and
0.52% Zn from 136.15m

immediately below a seven metre previously mined

“stope”
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 Key Prospect Areas and Exploration Work
Multi-faceted exploration approach
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 Ground geophysics
PDIP – 34 lines for 14.9 km
GAIP – 33 lines for 8.2 km
Radiometrics – 8,694 data points
Magnetics – 23.8 line km
TEM – 2 lines for 0.8 km
 Petrography – 10 samples
 Road access cutting – 4.5 km
 Geological Mapping/Structural Mapping
 Ion Leach Soil Geochemistry – 360 soil samples
 Drilling – 4 diamond drill holes for 1,030 m
 Downhole geophysics – IP and radiometry in CMN-3 and CMN-4
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 Diamond Drilling Programme
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6.1m @ 0.14% Cu
0.75m @ 0.93% Cu
1.95m @ 7.75% Cu, 0.11% Co,
0.09% Ni, 0.44% U, 0.24% Zn
0.9m @ 16.45% Cu, 0.21% Co,
0.17% Ni, 0.96% U, 0.52% Zn

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 Downhole Geophysics and Anomalies
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 Radiometric Surveys – Profunda Trend
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 IP and Magnetic Surveys – Profunda Trend
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Excised area
Ground magnetics
IP lines
Radiometric target

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 Radiometric Surveys – Regional
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For personal use only

Next Steps
RIEDEL RESOURCES LIMITED
Integrate all new data into a standardised database
ACN: 143 042 022
Full data and project review underway to determine the most P: +61 (08) 9226 0866
effective exploration methodologies to prioritise target areas and next E: [email protected]
Suite 1, 6 Richardson Street
exploration steps
WEST PERTH 6005

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