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Investor PresentationNovember 2016

www.goldenrim.com.au

Near-Term Development Projects in Chile & Burkina Faso

ASX:GMR

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This presentation has been prepared by Golden Rim Resources Limited (ABN 39 006 710 774) (“Golden Rim”) based on information available to it. No representation or warranty,express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extentpermitted by law, none of Golden Rim, its related bodies corporate, its or their directors, employees or agents, advisers, nor any other person accepts any liability for any loss arising fromthe use of or reliance on this presentation or anything contained in, omitted from or otherwise arising in connection with it, including, without limitation, any liability arising from fault ornegligence on the part of Golden Rim, its related bodies corporate or its or their directors, employees or agents.

The distribution of this document in jurisdictions outside Australia may be restricted by law and you should observe any such restrictions.

This presentation is not an offer, invitation, solicitation or recommendation to invest in Golden Rim and neither this document nor anything in it shall form the basis of any contract orcommitment. The information in this presentation does not take into account the investment objectives, financial situation and particular needs of investors and does not constituteinvestment, legal, tax or other advice. Before making an investment in Golden Rim an investor should consider whether such an investment is appropriate to their particular investmentobjectives, financial situation and particular needs and consult a financial adviser if necessary. This presentation does not purport to constitute all of the information that a potential investormay require in making an investment decision. Investments are subject to investment risk, including possible delays in repayment and loss of income or principal invested. Golden Rimdoes not guarantee the performance of the investment referred to in this presentation, the repayment of any capital invested or any particular rate of return.

Any securities described in this presentation may not be offered or sold in the United States absent registration under the US Securities Act 1933 or exemption from registration. Neitherthis document nor any copy thereof may be taken or transmitted in the United States or distributed, directly or indirectly, in the United States or to any US person including (1) any USresident, (2) any partnership or corporation or other entity organised or incorporated under the laws of the United States or any state thereof, (3) any trust of which any trustee is a USperson, or (4) any agency or branch of a foreign entity located in the United States.

You acknowledge that circumstances may change and the contents of this presentation may become outdated as a result. Golden Rim accepts no obligation to correct or update theinformation or opinions in this presentation. Opinions expressed are subject to change without notice.

By accepting this document, you agree to be bound by the above limitations.

The information in this report that relates to exploration results and mineral resources is based on information compiled by Mr Craig Mackay, a Competent Person who is a member of TheAustralasian Institute of Mining and Metallurgy. Mr Mackay is a full-time employee of Golden Rim Resources Ltd. Mr Mackay has sufficient experience that is relevant to the style ofmineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code forReporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Mackay consents to the inclusion in the report of the matters based on his information in the form and contextin which it appears. Certain information in this document has been derived from third parties and though Golden Rim has no reason to believe that it is not accurate, reliable or complete, ithas not been independently audited or verified by Golden Rim.

Certain statements in the presentation are or maybe “forward-looking statements” and represent Golden Rim’s intentions, projections, expectations or beliefs concerning among otherthings, future exploration activities. The projections, estimates and beliefs contained in such forward looking statements necessarily involve known and unknown risks, uncertainties andother factors, many of which are beyond the control of Golden Rim, and which may cause Golden Rim’s actual performance in future periods to differ materially from any express orimplied estimates or projections. Nothing in this presentation is a promise or representation as to the future. Statements or assumptions in this presentation as to future matters may proveto be incorrect and differences may be material. Golden Rim does not make any representation or warranty as to the accuracy of such statements or assumptions.

Disclaimer & Competent Person Statement

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Two near-term development projects

Paguanta Zinc-Silver-Lead Project in Chile

High grade Mineral Resource and extensive Exploration Target

40,000m of drilling & majority of Feasibility Study completed

US$31.5m (A$43m) past expenditure

GMR to conduct drilling to expand high grade resource

Aiming to re-commence Feasibility Study in 2nd Half 2017

Zinc price has risen >50% in 2016, substantial supply deficit forecast

Korongou Gold Project in Burkina Faso

Initial Exploration Target of approximately 500,000 – 611,000 oz of gold (~70m depth)

Extensive exploration upside

Gold mine development opportunity

GMR seeking a partner to fund infill drilling & Feasibility Study

Key Points

Cautionary Statement: The potential quantity (tonnage) and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resources and it is uncertain if further exploration will result in the estimation of Mineral Resources.

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Corporate Snapshot (ASX:GMR)

12 Month Share Price Performance Capital Structure

ASX Code GMR

Share price (7 November 2016) A$0.01

52 week low/high A$0.001 - A$0.014

Liquidity (2016) ~10.6M shares/day

Issued capital

- Shares on issue 1,439m

- Unlisted options 129m

Market capitalisation (undiluted) A$14.4m

Cash (30 September 2016) A$3.8m

Debt Nil

Enterprise Value A$10.6m

Major Shareholders

Royal Group – Abu Dhabi 3.79%

Number of Shareholders ~4,400

DirectorsGlenister Lamont Non Executive Chairman

Craig Mackay Managing Director

Rick Crabb Non Executive Director

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Board & Senior Management Team

Glenister Lamont, Non-Executive Chairman(BEng-Min (Hons), MBA, FAICD, MAusIMM, FFIN)Mining Engineer. Previously General Manager ofAshton Mining and Executive Director at UBSAG.

Craig Mackay, Managing Director (BAppSc-AppGeol, BSc (Hons), MSc, MAusIMM, MAICD)

Geologist with over 28 years experience inAustralia, Asia, Africa and North America.Previous positions with major resourcecompanies, including Shell Metals, AcaciaResources, AngloGold.

Rick Crabb, Non-Executive Director(Bjuris (Hons), LLB, MBA, FAICD)

Over 30 years experience in the resource sectorwith a background in legal and management.Current Chairman at Paladin Energy. Councillor ofWA Division of Australia Institute of CompanyDirectors.

Hayley Butcher, General Manager Corporate, Company Secretary(BFA, MScL, ACIS, ACSA, GAICD)

Chartered Secretary, governance andcompliance professional. Experience with anumber of ASX listed companies.

Alex Raab, Exploration Manager(BSc-Geol, MSc)Geologist with over 20 years exploration andproject development experience in LatinAmerica and North America. Previouspositions with several major and junior miningcompanies, including Homestake Mining,Kennecott Minerals, MIM Exploration, FarwestMining, Chapleau Resources, and OrosurMining.

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Strong Metal Price Fundamentals

Zinc

52% price increase in 2016

>50% reduction LME zinc stockpiles in past 4 years

Forecasts of large supply deficit for the next 2 years and beyond

Supply deficit driven by:

Major mine closures (Century, Lisheen, Black Star)

Production cut-backs (Glencore)

Increasing demand (China)

Silver

28% price increase in 2016

Fundamental factors for the increase in price forecast to continue:

Massive amount of money printing

Faltering economies

Dismal performance of banking sector

Increased demand from China & India

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GMR owns 70% and is manager

Historical silver mine on 3 high-grade veins

High grade zinc-silver-lead Mineral Resource*

Granted Mining Licences with no expiry

~40,000m of drilling (mostly Diamond)

Extensive metallurgical test work completed

Geotechnical drilling completed

Bulk of a Feasibility Study completed

Orebody outcropping with high grades at surface

Proposed open pit followed by underground operations

Excellent potential to expand high-grade resource (focus on Cathedral Vein) and mine life

Located at a favourable altitude

175km by road to a port that can ship concentrates

Previous expenditure US$31.5m (A$43m)

Paguanta Zn-Ag-Pb Project, Chile

*JORC 2004 (see page 11)

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Paguanta Location

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Paguanta is High Grade

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Drill core from Hole PTDD101 with hydrothermalbreccia from the Cathedral Vein. This metreinterval (119 – 120m) assayed 7.4% zinc, 14.6%lead, 631 g/t silver and 0.5 g/t gold.

Paguanta is High Grade

Outcropping high grade Cathedral Vein zinc-silver-lead mineralisation associated withhydrothermal breccia and surrounding stockwork veining.

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Paguanta Mineral Resource (Sept, 2012)

At a 3% zinc cut-off, the higher grade Mineral Resource mainly associated with the Cathedral Vein is 1.8Mt at 5.6% zinc, 2.0% lead, 125 g/t silver and 0.2 g/t gold or 1.8Mt at 9.8% ZnEq*

Majority of the Mineral Resource contained in the Measured and Indicated categories

All veins remain open at depth and along strike & there is significant scope to increase the resource

~30% of the mineralised intercepts were not assayed for gold

*ZnEq = zinc equivalent calculation details provided in Appendix 1.

This information was prepared and first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported. Golden Rim will shortly conduct further drilling at Paguantaand intends to prepare a JORC 2012 Mineral Resource in 1st Half 2017.

Measured Resource Indicated Resource Inferred Resource Total Resource

Zinc Cut-off

(%)

Million Tonnes

Zn(%)

Pb(%)

Ag(g/t)

Au(g/t)

Million Tonnes

Zn(%)

Pb(%)

Ag(g/t)

Au(g/t)

MillionTonnes

Zn(%)

Pb(%)

Ag(g/t)

Au(g/t)

MillionTonnes

Zn(%)

Pb(%)

Ag(g/t)

Au(g/t)

1 0.6 5.0 1.8 98 0.2 3.5 3.2 1.1 70 0.2 1.7 2.7 1.0 67 0.2 5.8 3.2 1.2 72 0.2

2 0.5 5.9 2.1 115 0.2 2.6 3.7 1.3 81 0.2 1.3 3.1 1.2 80 0.2 4.4 3.7 1.4 84 0.2

3 0.3 8.1 2.8 153 0.3 1.1 5.6 1.9 116 0.2 0.5 4.2 1.6 127 0.2 1.8 5.6 2.0 125 0.2

4 0.2 8.9 3.1 169 0.3 0.7 6.9 2.2 131 0.3 0.1 6.2 1.8 111 0.4 1.0 7.3 2.4 137 0.3

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Paguanta Exploration Target

Notes:• Cautionary Statement: The potential quantity (tonnage) and

grade of the Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of Mineral Resources.

• Mining Plus created an indicative mineralisation model to identify the potential location and size of the immediate strike and dip extensions to the current mineralised system utilising Leapfrog Geo implicit modelling software to create solids at a 3% cut-off grade and a maximum vein width of 5m.

• The Exploration Target was based on drilling data, surface geochemical data and a 3D model of Induced Polarisation (IP) chargeability data. The surface geochemical data (1,930 samples) and IP geophysical data (survey by Zonge, Chile, 2012) were utilised to support the continuity of mineralisation in areas where drilling was more sparse.

• A total of 28 RC drill holes (3,626m) and 11 diamond drill holes (1,338m) were used to prepare the Exploration Target. The holes are generally drilled on lines spaced from 20m – 250m apart, with a spacing along the lines ranging from 30m – 200m*.

• A base for the Exploration Target was set at 3250mRL – 200m below the base of the current drilling. The Exploration Target extends along strike for 250m from the eastern-most drill hole.

• The Exploration Target was calculated using a SG of 3.2 g/cm3

* Drill hole location diagram in Quarterly Activities Report for the period ending 30 September 2016

The Exploration Target represents potential polymetallic endowment at Paguanta beyond the existing Mineral Resource.

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Paguanta IP* Chargeability Targets

*IP = Induced Polarisation

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Paguanta MT* Geophysical Targets

*MT = Magneto-telluric

Section 495000mE (500m along strike from the existing zinc-silver-lead Mineral Resource)

Section 494600mE (on eastern edge of current Mineral Resource, which lies within red box)

Plan of MT 1D inversion resistivity at 400m depth (existing zinc-silver-lead mineralisation (dark red) & Mineral Resource (red box). Untested target area (orange ellipse)

Strong MT resistivity anomaly associated with zinc-silver-lead mineralisation

MT anomaly extends for at least 1km along strike (ESE) beyond the existing Mineral Resource and >1km at depth

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Paguanta Copper Potential

>5% copper at surface at Doris

Large unexplored alteration anomaly at Loreto (porphyry-Cu potential)

Loreto over-pegged by Codelco & BHP

Loreto is 35km from BHP’s Cerro Colorado Mine (Mineral Resource of 400Mt at 0.62% copper)

Loreto

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Paguanta News Flow

Finalisation of Acquisition [28 July 2016] Re-opening of Exploration Camp [5 September 2016] Commencement of Field Work [26 September 2016] Recruitment of Exploration Team [4 October 2016] MT Geophysical Survey Suggests Significant Extensions to Mineralisation [24

October 2016]……………………………………………………………………………………………… Finalisation of Permitting for Drilling [Expected during November 2016] Commencement of Drilling to Test Extensions to High-Grade Mineralisation

[Expected End-November 2016] Drilling Results [Expected December 2016 – May 2017] Further Metallurgical Test Work to Optimise Recoveries [Expected April 2017] Upgrade Resource to JORC 2012 [Expected June 2017] Re-commencement of Feasibility Study [Expected 2nd Half 2017]

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GMR finalised the sale of its Balogo Gold Project in Burkina Faso to MNG Gold on the 3rd March 2016 for US$8m in cash

GMR is looking to create value from its remaining 3 gold assets in Burkina Faso while it focuses on Chile. These assets include:

Korongou, 90% ownership (GMR expenditure US$4.4m)

Yako, 100% ownership (GMR expenditure US$0.7m)

Babonga, 100% ownership (GMR expenditure US$0.1m)

GMR is pursuing a sale or a joint venture on the 3 projects.

The transaction would provide a buyer or joint venture partner with a highly prospective and strategic licence package in Burkina Faso, which has seen major gold discoveries & significant M&A activity in the past few years

GMR’s drilling at Korongou has discovered significant gold mineralisation.

GMR believes Korongou offers a near-future, gold mine development opportunity.

Burkina Faso Gold Projects

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Burkina Faso Projects

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Major regional shear zone in greenstone belt extending from Samira Hill Mine (2.5Moz)

Multiple zones of shallow gold mineralisation within a 16km x 2km corridor

Past production 20,000 oz at 5.2 g/t gold

RC drilling intercepts include:

21m at 5.6 g/t gold from 13m 10m at 4.5 g/t gold from 15m

Initial Exploration Target of approximately 500,000 ounces to 611,000 ounces of gold

Exploration Target is open along strike & at depth (900mgap area, with bedrock auger results up to 4.4 g/t gold)

GMR has discovered significant new gold mineralisation that we believe could provide the basis for a new gold mine development

Seeking partner to conduct infill drilling, metallurgical test work & feasibility study

Korongou Gold Project


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Banouassi Prospect at Korongou

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Korongou Exploration Target

Exploration Target Area

Tonnage Range Gold Grade Range (g/t) Gold Ounces Range

90% 110% 90% 110% 90% 110%

Guitorga North 2,924,000 3,573,000 1.9 2.4 201,000 246,000

Guitorga South 3,643,000 4,452,000 1.4 1.7 178,000 219,000

MCA/MCB Pits 719,000 879,000 1.8 2.2 47,000 57,000

Diabouga 669,000 818,000 3.0 3.7 73,000 89,000

TOTAL 7,954,000 9,722,000 1.8 2.2 500,000 611,000

Notes:•The Exploration Target was estimated using the following parameters: 0.5 g/t gold cut-off grade; maximum of 100m strike extent from drill holes (wherethe continuity of the mineralisation is supported by mapping, the location of artisanal workings or anomalous auger results); maximum of 70m verticalextent below surface for the Guitorga North, Guitorga South and Diabouga areas; maximum of 120m vertical extent below surface for theMCA/MCB Pits area; minimum downhole width of 2m; and SG of 2.5.•A total of 94 RC drill holes were used to prepare the Exploration Target. The holes are generally drilled on lines spaced from 40m – 100m apart, with aspacing along the lines ranging from 40m – 50m.


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Banouassi Prospect at Korongou

Artisanal workings on the Banouassi mineralised gold corridor. The corridoris ~ 1km wide and hosts multiple parallel zones of gold mineralisation.

MCB Pit from previous small scale mining atBanouassi.

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Exposure to zinc, silver & gold (copper) Two near-term development projects Significant exploration upside on both projects Proven & experienced management team Company with discovery success Track record of monetarising company assets Stock with liquidity (>10 million shares/day in 2016) Drilling to commence shortly at Paguanta Commitment to advance Paguanta to Feasibility Plenty of news flow for the market moving forward

Why Invest in GMR?

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Zinc Equivalent (ZnEq) Calculation Details

• Metal prices quoted on Kitco.com on 14 July 2016 were utilised in the ZnEq calculationand included the following: Zn = US$0.98/lb; Pb = US$0.85/lb; Ag = US$20.36/oz andAu = US$1344/oz).

• Non-optimised metallurgical recoveries were derived from testwork as part of thefeasibility study at Paguanta and include 82%, 80% and 90% for Zn, Pb and Agrespectively. For Au a 90% recovery has been assumed, which Golden Rim believes isa reasonable average for an epithermal style of deposit.

• It is Golden Rim’s opinion that all elements included in the metal equivalent calculationhave a reasonable potential to be recovered and sold.

• The ZnEq calculation formula is as follows: ZnEq = (Zn% x 0.82) + (Pb% x 0.80 x 0.87)+ (Au% x 0.90 x 19,996) + (Ag% x 0.90 x 302).

Appendix 1

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for personal use only - asx · this presentation has been prepared by golden rim resources limited...

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