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The world’s largest oil discovery 2014

Melbourne Mining Club Cutting Edge Series 15 March 2016

FAR snapshot

• Two major basin opening oil discoveries in Senegal in 2014

• SNE Field largest global oil find since discovery in 2014

• SNE Appraisal drilling commenced 2015

• Quality partners in Senegal discoveries: ConocoPhillips, Cairn Energy, Petrosen

• Fifth largest pure E&P on ASX (at 14 Mar 2016)

• Market capitalization A$440M (at 14 Mar 2016)

• Cash balance: A$60.7M (31 Dec 2015)

• Experienced team and board

3

FAR relative performance

0.03

0.04

0.05

0.06

0.07

0.08

0.09

0.10

0.11

0.12

0.13

Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16

Shar

e pr

ice

(A$p

.s.)

FAR S&P ASX 200 Energy Index (rebased) Brent Oil (US$/bbl, rebased)

Source: Source: IRESS, trading data as at 14-March 2016

FAR: 12.0cps +40%

Brent oil: US$39.70 (31%)

ASX 200 Energy: 7,960 (31%)

Ocean rig Athena contracted for 3 firm wells

SNE appraisal drilling commences

FAR has outperformed its peer group, the S&P ASX 200 Energy Index, and the Brent oil price (1 Jan 15 – 14 Mar 16)

4

SNE Oil field footprint > 300 km2

5

• Strong in-country relationships

• Peaceful democracy

• Solid growth: 4.7% GDP in 2014

• S&P sovereign credit rating 'B+/B‘

• First offshore exploration wells for 40 years and first in deep water

• FAR farm-out in 2013 for US$196M carry

• Joint venture partners: FAR 15%, Cairn Energy (Operator 40%), ConocoPhillips (35%) and Petrosen (10%)

Senegal

OFFSHORE SENEGAL Production Sharing Contract (PSC) FAR: 15% working interest, 16.7% paying interest

6

• Contract area 7,490 km2

• Over 1 billion barrels of P50 prospective resources yet to be drilled*

Senegal prospects and leads

*Reference FAR ASX releases dated 13 Apr 2015 best estimate, gross, unrisked prospective resources, 100% basis, oil only

7

Geological setting

W E SNE-1 SNE-2 SNE-3 BEL-1

10km

Buried Hills play

Shelf Edge play

Fan play

8

FAN-1 SNE-1 SNE-2 SNE-3 BEL-1

10km

FAN-1 Discovery

W E –FAN-1 well drilled first

–Results announced Oct 2014

–Oil gravity 28-41 degrees API

–Gross oil bearing interval >500m

–Operator gross oil (STOIIP) in place

– P90: 250 mmbbls

– P50: 950 mmbbls

– P10: 2,500 mmbbls

–De-risked future shelf drilling

9

FAN-1 SNE-1

10km

SNE-1 Discovery

W E

–Result announced Nov 2014

–Largest oil discovery for 2014

–Has not been surpassed to date

–Over 300 km2 footprint

SNE Field

10

SNE-1 oil discovery

• Results announced Nov 2014

• Excellent reservoir

• Oil gravity 32 degrees API

• Gross oil column of 96m (36m net)

• Contingent recoverable resource*

– P90 (1C): 150 mmbbls – P50 (2C): 330 mmbbls – P10 (3C): 670 mmbbls


11

SNE Field: Contingent resources updated

Nov 2014

P90 (1C): 150 mmbbls P50 (2C): 330 mmbbls P10 (3C): 670 mmbbls

*Reference FAR ASX releases dated 13 Apr 2015, 8 Feb 2016: best estimate, gross, unrisked prospective resources, 100% basis, oil only

Feb 2016

P90 (1C): 240 mmbbls (+60%) P50 (2C): 468 mmbbls (+40%) P10 (3C): 940 mmbbls (+40%)

12

SNE appraisal well locations

● ●

●

●

Objective of wells:

– Size of oil pool

– Test reservoir properties and deliverability from logging, coring and testing

– Plan for measuring field connectivity

SNE-1 BEL-1 N S SNE-2 SNE-3

Bellatrix

13

SNE-2 Appraisal well

• Excellent flow from two independent drill stem tests (DST)

– Gross 12m zone: 8,000 bopd stabilised and constrained, interpreted flow > 10,000 bopd

– Gross 15m zone: 1,000 bopd unstabilised

• Flow considerably greater than prognosis

• Confirmed commercially viable flow rates

• 32 degrees API

• Gross oil column of 103m

14

SNE-3 Appraisal well

• Excellent flow from two drill stem tests (DST)

– Gross 15m zone: 5,400 bopd max and 4,000 bopd stabilised

– Increased to gross 20.5m zone: 4,500 bopd stabilised

• Flow greater than prognosis

• Confirmed commercially viable flow rates

• 32 degrees API

• Gross oil column of 101m

• Units shallow to prognosis: field larger to the south

3

15

Bellatrix exploration prospect

• Strong seismic amplitude response

• Overlies SNE Field

• Chance of discovery 49%

• Follow up potential from several look-a-likes

• Prospective resource*

– Low estimate : 69 mmbbls

– Best estimate: 168 mmbbls

– High estimate: 356 mmbbls


Bellatrix seismic amplitude response

16

Development and tie back concept


74mmbbl*

77mmbbl*

204mmbbl*

141mmbbl*

168mmbbl*

101mmbbl*

Tie back radius

17

Senegal economics

• Excellent PSC terms

• Minimum Economic Field Size (MEFS) approx 200mmbbls

• CAPEX coming down

• NPV/bbl of US$10 at US$50/bbl oil price and reduced CAPEX*

• Estimated first oil 2021

*Reference Cairn Energy Capital Markets Day 2015/6

18

Capturing more shelf edge exposure

• New 3D seismic acquired 2015

• FAR bought option over neighbouring Djiffere permit

• 2013: Year of farmout

• 2014: Year of discovery

• 2015/2016: Evaluating the SNE Field

• 100% success rate offshore Senegal

• Undrilled exploration prospects with >1bn bbls potential

• Possible lookalikes of SNE in FAR’s Guinea Bissau acreage

• FAR committed to finding more elephants lurking under Senegalese waters!

2016 revealing the prize

Contact us Level 17, 530 Collins Street Melbourne VIC 3000 Australia T: +61 3 9618 2550 www.far.com.au

21

Disclaimer

• This presentation has been prepared by FAR Limited (“FAR”). It should not be considered as an offer or invitation to subscribe for or purchase any shares in FAR or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for shares in FAR will be entered into on the basis of this presentation.

• This presentation contains forward-looking statements that are not based on historical fact, including those identified by the use of forward-looking terminology containing such words as “believes”, “may”, “will”, “estimates”, “continue”, “anticipates”, “intends”, “expects”, “should”, “schedule”, “program”, “potential” or the negatives thereof and words of similar import.

• FAR cautions that these forward-looking statements are subject to risks and uncertainties that could cause actual events or results to differ materially from those expressed or implied by the statements. The forward looking statements are expressly subject to this caution. FAR makes no representation, warranty (express or implied), or assurance as to the completeness or accuracy of these forward-looking statements and, accordingly, expresses no opinion or any other form of assurance regarding them. FAR will not necessarily publish updates or revisions of these forward-looking statements to reflect FAR’s circumstances after the date hereof.

• By its very nature exploration and development of oil and gas is high risk and is not suitable for certain investors. FAR shares are a speculative investment. There are a number of risks, both specific to FAR and of a general nature which may affect the future operating and financial performance of FAR and the value of an investment in FAR including and not limited to economic conditions, stock market fluctuations, oil and gas demand and price movements, regional infrastructure constraints, securing drilling rigs, timing of approvals from

relevant authorities, regulatory risks, operational risks, reliance on key personnel, foreign currency fluctuations, and regional geopolitical risks.

• This presentation does not purport to be all inclusive or to contain all information which you may require in order to make an informed assessment of the Company’s prospects. You should conduct your own investigation, perform your own analysis, and seek your own advice from your professional adviser before making any investment decision.

• Cautionary Statement for Prospective Resource Estimates – With respect to the Prospective Resource estimates contained within this report, it should be noted that the estimated quantities of Petroleum that may potentially be recovered by the future application of a development project may relate to undiscovered accumulations. These estimates have an associated risk of discovery and risk of development. Further exploration and appraisal is required to determine the existence of a significant quantity of potentially moveable hydrocarbons.

• Information in this report relating to hydrocarbon resource estimates has been compiled by Peter Nicholls, the FAR exploration manager. Mr Nicholls has over 30 years of experience in petroleum geophysics and geology and is a member of the American Association of Petroleum Geology, the Society of Exploration Geophysicists and the Petroleum Exploration Society of Australia. Mr Nicholls consents to the inclusion of the information in this report relating to hydrocarbon Prospective Resources in the form and context in which it appears. The Prospective Resource estimates contained in this report are in accordance with the standard definitions set out by the Society of Petroleum Engineers, Petroleum Resource Management System.

1

Melbourne Mining Club Presentation Dr Chris Giles, MD

15 March 2016

A New Mining Force in South Australia

2

The information contained in this presentation is not financial product advice. The presentation is for information purposes and is of a general and summary nature only. Neither Havilah Resources Limited (Havilah) nor any member of the Havilah Group of companies, gives no warranties in relation to the statements and information in this presentation. Investors should seek appropriate advice on their own objectives, financial situation and needs.

This presentation contains certain statements which may constitute “forward-looking statements”. Such statements are only predictions and are subject to inherent risks and uncertainties which could cause actual values, performance or achievements to differ materially from those expressed, implied or projected in any forward looking statements.

Havilah disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.

Investors are cautioned that forward-looking statements are not guarantees of future performance and investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.

Competent Person Statement

The information in this presentation that relates to Exploration Targets , Exploration Results, Mineral Resources and Ore Reserves is based on data compiled by geologist, Dr Chris Giles, a Competent Person who is a member of The Australian Institute of Geoscientists. Dr. Giles is a director of the Company and is employed by the Company on a consulting contract. Dr. Giles has sufficient experience, which is relevant to the style of mineralisation and type of deposit and activities described herein to qualify as a Competent Person as defined in the 2012 Edition of ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr. Giles consents to the inclusion in the presentation of the matters based on his information in the form and context in which it appears. Information for Kalkaroo and Croziers has been updated to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported. All other information was prepared and first disclosed under the JORC Code 2004.

Cautionary Statement

Investment Key Points

Prospect of >$40 million gross cash flow generated by HAV in 20161

…… Portia gold mine progressing ahead of plan

Future cash flow growth from new mines in the pipeline …… North Portia and Kalkaroo copper-gold projects > 15 year life2

Exposure to exploration success and other commodities …… Proven track record of discovery in highly prospective terrain

Early in mining growth cycle – much upside from here …... Research analyst sets a near term share value of $0.553 Reference to ASX releases : 118/02/15; 22/03/15; 325/03/15

3

Corporate Summary

Capital Structure Millions

Cash (31 Jan 2016) $0.8

Debt (31 Jan 2016) $1.0

Shares 168

Options (Listed + Unlisted) 45

Market Cap (14 Mar 2016) $64

HAV v Small Resources (XSR) - 1 year

4

Focus On NE South Australia 5

MINING - Portia Gold Mine 6

Commenced 30 March 2015 with experienced Broken Hill contractor responsible for all mining.

Innovative funding arrangement – revenue sharing with mining contractor.

Portia - High Grade Gold 75m Below Surface

Initial mining objective 67,000 oz JORC resource at base of Tertiary clay1

Patchy high grade gold mineralisation in bedrock 26 metres of 15.4 g/t Au 13 metres of 33.5 g/t2

Refer to ASX releases on 126/06/09 and 230/11/06

Bedrock

Weathered bedrock

7

Portia- First Ore

Accessed 3.5 Months Ahead of Schedule.

Achievement of a major milestone at Portia with first truck load of ore mined this week

9 First Gold Ore Mined at Portia

120 tonne per hour trommel, log washer and attritioning circuit for washing silty clay material that contains the free coarse gold.

Fully automated dual system Knelson concentrators that can efficiently recover gold over a wide size range, including very fine gold, not included in the current resource.

Simple Gravity Recovery Plant 10

Portia Key Economic Metrics1

Cash Flow Analysis Millions

Total gross cash flow generated $80.5

Royalties payable $(2.4)

Cash flow generated after royalty expenses $78.1

Havilah 50% share of cash flow generated $39.1

Based on: JORC resource of 720,000 tonnes @ 2.9g/t of gravity recoverable gold. Within optimised open pit design :355,000 tonnes @ 4.7g/t for 53,600 oz gold. 95% gold recovery. Gold price of A$1,580 per oz (Not including hedging of 10,000 oz at $1,618 per oz) State royalty of 2% and Pasminco royalty of 1%.

1 Refer to ASX releases on 26/6/2009 and 18/02/15. Note that all the assumptions underpinning the information continue to

apply and have not materially changed.

11

DEVELOPMENT- North Portia Copper-Gold Project

Adjacent to Portia on same mining lease, containing 235,000 ounces gold and 100,000 tonnes copper1.

Mining of oxidised ore could continue on after Portia, to exploit available infrastructure synergies (subject to the results of current technical and economic studies).

1Refer to ASX release 24/11/10 and table at end of this presentation.

12

North Portia oxidised resource

&conceptual open pit

Portia Final open pit

design

13 North Portia Copper-Gold Project

1

2

Refer to ASX releases on 103/03/16 and 203/02/16

New metallurgical testing indicates good recoveries via minimal grinding and conventional flotation is feasible.

14 DEVELOPMENT - Kalkaroo Copper-Gold Project

Sizeable long life resource of 622K tonne copper and 2M oz gold 1

15

Copper-gold deposit 622,000 t copper 1.6m ounces gold1

Gold cap 445,000 ounces1

Orebody open in directions shown by the arrows

Kalkaroo Copper-Gold Project

Optimised open pit design

1Refer to ASX release 2/03/15 and resource table at end of presentation

16

Prominent Hill

DeGrussaNifty

Tritton

Kanmantoo

Hillside

All

KalkarooAll

Rocklands

Pilbara

White Range

Mt GunsonCopper Hill

Jervois

Walford Creek

$0

$150

$300

$450

$600

$750

$900

$1,050

$1,200

0.0

0.2

0.4

0.6

0.8

1.0

1.2

1.4

1.6

OZL SFR ABY SRQ HGO RXM HAV HAV AOH CDU VXR QMN STA GCR KGL AQR

Entr

epris

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in A

$ m

illio

ns

Mea

sure

d &

Indi

cata

d M

iner

al R

esou

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in C

oppe

r Equ

ival

ent

(mill

ion

tonn

es)

Measured and Indicated Mineral Resources of Australian Mines and Projects

M&I Resources

Entreprise Value

PRODUCERS

EXPLORERS & DEVELOPERS

Source: Terra Studio, note copper equivalent grade calculated using US$2.50/lb Cu, US$1,100/oz Au and US$15/oz Ag

Kalkaroo – A Large Undeveloped Copper Resource

17 Kalkaroo - Aiming For 2017 Mining Decision

KEY TASKS

Permitting Processing flow sheet design & costing Updated resource and mining model –

Probable Ore Reserve release Funding

West Kalkaroo starter open pit location

550Km2 Kalkaroo Station owned by Havilah

18 Upside 1 – Kalkaroo Resource Expansion Potential

Near mine upside

Reconnaissance drilling has returned ore grade intercepts at three prospects within 5 km of the Kalkaroo deposit and planned processing facility.

Orebody extensions Deposit is open at depth and along strike - further drilling could substantially expand resource.

19 Upside 2 – Kalkaroo Processing Facility

Upside 3 – Exposure To Other Commodities 20

Cobalt1 (Mutooroo, North Portia, Kalkaroo) – by-product in pyrite concentrates

Molybdenum (North Portia, Kalkaroo) – potentially recoverable grades

Lead- zinc (Mulyungarie, Lorenzo) – Broken Hill deposit nearby

Iron ore (Maldorky, Grants, Lilydale) – 450 Mt resources in Braemar province.

Uranium (Oban) – JORC resource, Honeymoon processing facility nearby.

Tin (Prospect Hill) – JORC resource, high grade tin in new sampling.

1 Increased demand on cobalt supply from Lithium-ion batteries alone could rise between 30-60% in next 10 years (depending on type of Li battery). >50% cobalt today comes from DRC and is a by-product, so therefore supply is relatively inelastic, ie production cannot be quickly ramped up.

21 Upside 4 – Ongoing Discovery Success

Irreplaceable > 8,000 km2 highly prospective tenement holding.

8 new JORC resources drilled in 8 years by Havilah plus several new areas of copper-gold, cobalt, tin, uranium and iron ore mineralisation discovered.

JORC minerals resource inventory of over 900,000 tonnes of copper metal and 2.4 million ounces of gold1 for a total discovery cost of US$3 /gold equivalent ounce.

(1refer to table at the end of this presentation)

Track record of success… Portia gold mine funded, developed and first ore delivered to ROM pad. Outlined 8 JORC resources in 8 years, including over 900,000 t Cu, 2.4 million

oz Au plus substantial cobalt, molybdenum, iron ore, uranium, tin. Protected shareholder’s interests – tight share capital, conservative funding.

Several future value drivers…

Substantial cash return expected in 2016 from Portia gold mine. Targeting annual production for 15 years of at least 34,000 tonnes copper

and 100,000 ounces gold from existing JORC resource inventory. Kalkaroo processing plant will unlock value in nearby smaller projects. Upside in discovery success and exposure to other commodities.

High leverage to the resource cycle…

Commencing mining driven growth near the bottom of the resource cycle.

The Investment Case For Havilah

ASX : HAV

Additional Supporting Slides

23

Copper-Gold Resource Metal Inventory 24

Copper: 915,500 tonnes (Kalkaroo + Mutooroo + North Portia)

Gold: 2,400,000 ozs (Kalkaroo + Mutooroo + Portia + North Portia)

Cobalt: 17.5 M Kg (Mutooroo)

Molybdenum: 8.45 M Kg (Kalkaroo + North Portia) Project*

Resource Category

Tonnes

Copper (%) Gold

(g/t) Molyb- denum

(ppm)

Cobalt (%)

Contained Copper

(tonnes)

Contained

Gold

(ounces)

Contained

Moly

(kg)

Contained

Cobalt (kg)

Kalkaroo1

Gold Cap Measured 18,690,000

0.74 445,000

CuAu Measured 85,890,000 0.52 0.41 622,500 1,561,000

CuAu Indicated 38,620,000 0.45 0.33 Added to

above Added to

above

Mo Inferred 4,500,000 615 2,768,000

Portia4 Inferred 720,000

2.9 67,000

North Portia3

Indicated (supergene) 2,750,000

1.0

0.65

451 101,000 234,500 5,680,000

Inferred (sulphide) 8,610,000 0.85 0.64 531 Added to

above Added to

above Added to

above

Indicated (supergene Mo only) 7,732,000 340

Added to above

Mutooroo2

Measured sulphide 4,149,000

1.23

0.18

0.14 192,000 92,700 17,540,000

Indicated sulphide 1,697,000 1.52

0.35

0.14

Added to

above Added to

above Added to above

Inferred sulphide 6,683,000 1.71 0.21 0.13 Added to

above Added to

above Added to above

Measured oxide 598,000

0.56

0.08

0.04

Total all projects All categories 172,908,000 915,500 2,400,000 8,450,000 17,540,000

* Based on JORC resources, details released to ASX on : 1. 29/2/12 2. 18/10/10 3. 23/10/10 4. 26/6/09

Project*

Resource Category

Tonnes (Mt)

Iron (%)

Iron tonnes

Est Yield

Maldorky1

Indicated 147,000,000 30.1% 59,000,000 40%

Grants2

Inferred 304,000,000 24%

100,000,000 33%

Total all projects All categories 451,000,000 159,000,000

Iron Ore Resource Inventory 25

Maldorky: 147,000,000 tonnes of 30.1% Fe Grants: 304,000,000 tonnes of 24% Fe Total: 159,000,000 tonnes of premium grade iron ore product

* Based on JORC resources, details released to ASX on : 1. 10/6/11 2. 5/12/12 , applying an 18% cut-off in both cases

Melbourne Mining Club – Cutting Edge Delivering today, developing for tomorrow and discovering for the future

15 March 2016

www.silverlakeresources.com.au ABN: 38 108 779 782

ASX: SLR

Important notices

Disclaimer - Silver Lake Resources Limited (“Silver Lake” or “the Company”) has prepared this presentation 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 extent permitted by law, none of Silver Lake, its directors, employees or agents, advisers, nor any other person accepts any liability, including, without limitation, any liability arising from fault or negligence on the part of any of them or any other person, for any loss arising from the use of this presentation or its contents or otherwise arising in connection with it.

This presentation contains general and background information about Silver Lake’s activities current as at the date of the presentation and should not be considered to be comprehensive or to comprise all the information that an investor should consider when making an investment decision. The information is provided in summary form, has not been independently verified, and should not be considered to be comprehensive or complete. It should be read in conjunction with all other documents provided by Silver Lake. Silver Lake is not responsible for providing updated information and assumes no responsibility to do so.

All dollar terms expressed in this presentation are in Australian dollars unless otherwise stated.

No offer - This presentation is not an offer, invitation, solicitation or other recommendation with respect to the subscription for, purchase or sale of any security, and neither this presentation nor anything in it shall form the basis of any contract or commitment whatsoever.

Forward looking statements - This presentation may contain forward looking statements that are subject to risk factors associated with gold exploration, mining and production businesses. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables and changes in underlying assumptions which could cause actual results or trends to differ materially, including but not limited to price fluctuations, actual demand, currency fluctuations, drilling and production results, reserve estimations, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory changes, economic and financial market conditions in various countries and regions, political risks, project delay or advancement, approvals and cost estimates.

Forward-looking statements, including projections, forecasts and estimates, are provided as a general guide only and should not be relied on as an indication or guarantee of future performance and involve known and unknown risks, uncertainties and other factors, many of which are outside the control of Silver Lake. Past performance is not necessarily a guide to future performance and no representation or warranty is made as to the likelihood of achievement or reasonableness of any forward looking statements or other forecast.

No investment advice - This presentation is not financial product, investment advice or a recommendation to acquire Silver Lake securities and has been prepared without taking into account the objectives, financial situation or needs of individuals. Before making an investment decision prospective investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs, and seek legal, taxation and financial advice appropriate to their jurisdiction and circumstances. Silver Lake is not licensed to provide financial product advice in respect of its securities or any other financial products. Cooling off rights do not apply to the acquisition of Silver Lake securities. Silver Lake assumes that the recipient is capable of making its own independent assessment, without reliance on this document, of the information and any potential investment and will conduct its own investigation.

The information in this Presentation remains subject to change without notice.

Silver Lake at a glance

Silver Lake Resources ASX: SLR

Share price A$0.33

12 month share price range A$0.13 – A$0.35

Shares on issue 503.2 million

Options and performance rights 5.8 million

Diluted market capitalisation A$166M

Top 20 Shareholders hold 16%

Average daily volume 3.0 million

Cash & bullion A$37.2M

Listed investments A$6.7M

Bank debt A$2.3M

Hedging 82koz at A$1,600/oz

As at 29 Feb 2016

Board of Directors

David Quinlivan Chairman

Luke Tonkin Managing Director

Les Davis NED

Kelvin Flynn NED

Brian Kennedy NED

Mount Monger - a premier Goldfields address

125-135koz FY16 Development

A$15.5m FY16 exploration program

Sustain & introduce higher margin ounces

Enhance through new discoveries

Daisy Complex • High grade underground source Cock-eyed Bob • Near surface underground BIF ore

source Lucky Bay, Santa Area & Rumbles • Multiple open pit feed sources

supplementing high grade underground ore

1.2mtpa Randalls mill

Imperial/Majestic • May 2016 start-up • Low capital works

intensity and rapid development timeframe

• ≈100koz Harry’s Hill • ≈86koz

Daisy Complex • Infill & extend Cock-eyed Bob • Gold mineralisation extends

below current 345 mining level

Dinnie Reggio • Identify high grade shoots

within mineralised system

Daisy style deposits • 60,000m aircore drilling Northwest structural corridor • Multiple Daisy style targets • Significant high grade

intersections Sasha • High grade ptygmatic structure Mount Belches • Multiple targets

Maxwells Continuation of multiple high grade shoots within the Western, Central and Eastern BIF’s.

Mount Monger – operating strategy

Delivering today Developing for tomorrow Discovering for the future

Operating strategy enhancing margin

A$15.5m FY16 exploration program to sustain and enhance profitability

Targets ranked by the size of the PRIZE, the PROBABILITY of success & PRIORITY to the business

Focus FY16 Mount Monger exploration strategy at recapturing lower cost base

– Resource conversion and extension continuing to drive production and cash flow baseline

– Additional exploration drilling targeting Daisy style deposits at shallower depth than current mining

– All targets “in the shadow of the headframe”

FY16 spend reflects initial testing of high value targets

– Spend normalises as feed sources are defined

Delivering today – corporately, operationally & financially

Tracking to meet production guidance of 125-135koz FY16

Strong operating cash flow to internally fund both exploration and mine development

– Gold sold 1H FY16 increased 23% to 67.5koz

– Cash & bullion 1H FY16 increased 18% to A$34.2m

– EBITDA* 1H FY16 increased 118% to A$25.8m

– AISC 1H FY16 decreased 8% to A$1,281/oz

– Debt 1H FY16 decreased 31% to A$3.1m

A$15.5m staged & phased exploration program having immediate and spectacular results

Crystallising value from non-core assets

Production profile visibility

Strengthened balance sheet

Board and management renewal

* EBITDA (excluding significant items) is an unaudited, non IFRS measure. Refer to page 7 of Interim Financial Report for Six Months Ended

31 December 2015 released to ASX on 24 February 2016 for further information

Gold sold 23%

EBITDA 118%

Cash & bullion 18%

AISC 8%

Debt 31%

Developing for tomorrow – Daisy Complex

Developing for tomorrow – Daisy Complex

Daisy Complex produced 3.1mt @ 7.15g/t for 707koz LOM

Contributes >50% of Mount Monger production from only 28% of the feed tonnes

Generated strong margins over its LOM

Infill and extend 800koz Resource* base

49 lodes identified to date

≈17,000m infill & extensional drilling to the end of February

Full year program – 28,500m

Haoma West is an existing and ongoing source of high grade ore

– 161koz Resource* to -950RL

– Represents approximately 20% of the ounces and 6% tonnes

* Refer to 28 August 2015 ASX “Mineral Resources - Ore Reserves - August 2015” announcement

Developing for tomorrow - Imperial/Majestic

Development of Imperial/Majestic open pits has commenced and is internally funded

Pre-development capital works A$3.8m

– Proven development model based on Lucky Bay and Santa Area open pits

– 3 month pre-strip

≈2 year Reserve backed Life of Mine

– 1.16mt @ 3.12g/t for 116koz*

Resource conversion provides opportunity for LOM extension

– 2.81mt @ 2.78g/t for 250koz*

First ore expected to be processed September 2016, following completion of mining at Santa Area


Developing for tomorrow – Cock-eyed Bob

Five underground mine levels developed to 130m below surface

Limited drilling below the 345 mining level, historical results include:

– 8.8m @ 17.0g/t

– 4.2m @ 14.3g/t

– 3.0m @ 13.6g/t

– 4.0m @ 15.6g/t

30 June 2015 Resource* of 217koz to be upgraded following FY16 drilling program

Significant FY16 drill results# include:

– 1.0m @ 35.9g/t

– 2.0m @ 18.4g/t

– 2.8m @ 17.4g/t

– 3.6m @ 13.2g/t

Resource extends 150m below 345 level

Further infill drilling 2H FY16 upgrading geological confidence


# Refer to 21 January 2016 ASX “December 2015 Quarterly Report” announcement

Developing for tomorrow - Maxwells

Further A$1.4m allocated in Q3 FY16 to accelerate drilling

Most recent 12 diamond drill holes ALL intersected visible gold*

Diamond drill hole 16MXDD005 intersected 5 separate intervals of visible gold corresponding to down plunge & strike extensions to high grade BIF units

Strongly mineralised diamond drill hole intercepts logged in the interpreted West Lode BIF’s

Drilling continues to support underground development at Maxwells

Potential for a shallow underground mining operation supported by existing infrastructure

– Appropriate underground cut-off grade and modifying factors modelled

– Supporting production of 45koz pa at AISC ≈A$1,000/oz

* Refer to 4 March 2016 ASX “Maxwells Update” announcement

Developing for tomorrow – Harry’s Hill

Resource 1.80mt @ 2.3g/t for 135koz*

Reserve 1.13mt @ 2.4g/t for 86koz*

No further Resource drilling required

Only 57km haul to Randalls Mill

Low strip ratio 9:1

Scheduled for production from FY19

* Refer to 28 August 2015 ASX “Mineral Resources - Ore Reserves -

August 2015” announcement

Discovering for the future – Daisy Complex

Targeting repeat Daisy style lodes within development distance of Daisy Complex

A$1.1m dedicated to program FY16

Structural north-westerly corridors and east-west faults

Compressional and dilational veining * Refer to 15 March 2016 ASX “Mount Monger Drilling Update” announcement

Immediate and spectacular exploration success

SD295005 intersected ptygmatic vein north of Caledonian Fault

Sasha lode

– 2.44m @ 70.54g/t*

– Further drilling H2 FY16


Targeting repeat Daisy style lodes proximal to Daisy Complex

Highly prospective structural corridors north-west of Daisy Complex

Multiple high grade historical intersections including:

– 2m @ 36g/t from 86m

– 2m @ 24g/t from 74m

Extensive top to tail aircore coverage


A$3.2m program which includes 60,000m aircore & 9,700m of RC & diamond

Spectacular early results from 25,500m of aircore drilling including#:

– 3m @ 9g/t from 13m

– 3m @ 14g/t from 33m

Broad, persistent anomalism within tested corridors

Indicative of primary lode systems

Stage 2 aircore program commenced March FY16

# Refer to 15 March 2016 ASX “Mount Monger Drilling Update” announcement

Discovering for the future – Mount Belches

Multiple near surface BIF hosted targets including:

– Flora Dora

– Golden Cliffs

– Anomalies A-E

– Z Fold

Flora Dora

– Very strong Au ppb soils anomaly

– Drill tested on western limb to 60m down hole

– Best historical intersections include:

• 6m @ 16 g/t

• 2m @ 20g/t

• 3m @ 14g/t

– Numerous high grade intercepts +350m strike

– Western limb of Santa BIF untested by drilling for >500m between Santa and Flora Dora

– Untested eastern limb of Maxwell's BIF

Mount Belches exploration program FY17

Delivering today, developing for tomorrow and discovering for the future

-

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000

FY16 - guidance FY17 - aspirational FY18 - aspirational FY19 - aspirational

Pro

du

ctio

n (

oz)

CEB (oz) Daisy (oz) Dinnie Reggio (oz) Flycamp (oz)

Harry's Hill (oz) Imperial (oz) Lucky Bay (oz) Majestic (oz)

Maxwells (oz) Rumbles (oz) Santa North (oz) Stockpile (oz)

-

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000

FY16 -guidance

FY17 -aspirational

FY18 -aspirational

FY19 -aspirational

Go

ld P

rod

uct

ion

(o

z)

Underground ore sources Open pit ore sources

Annual Production Production Sources

Delivering today, developing for tomorrow and discovering for the future

Delivering today

– On track to meet FY16 production guidance of 125-135koz

– 119% increase in 1H FY16 Operating Cash flows to A$25.8m

– Successful infill & extensions of Resources at Daisy Complex

– Internally funded exploration program & development of ore sources to compliment Daisy Complex

– Balance sheet deleveraging and crystallising value from non-core assets

Developing for tomorrow

– Imperial/Majestic open pit development commenced

– Maxwells diamond drilling program delivering immediate and spectacular results

– Extensions of high grade Cock-eyed Bob mineralisation identified

– Clear pathway to introduce higher margin ounces to the 4 year production outlook

Discovering for the future

– Targeting “Daisy style” deposits in the “shadow of the headframe”

– Highly successful phase 1 aircore program targeting the northwest structural corridor

– Multiple Mount Belches targets identified and are yet to be tested

Appendix 1: Competent person requirements

The Mineral Resource and Ore Reserves estimates for the Daisy Complex (excluding Dinnie Reggio and Christmas Flats), Lorna Doone, Wombola Dam, Maxwells, Santa Area, Cock-eyed Bob, Lucky Bay, Rumbles, Caustons, Tuckabianna, TMC/Katies, Pinnacles and Lena are produced in accordance with the 2012 Edition of the Australian Code for Reporting of Mineral Resources and Ore Reserves (the 2012 JORC Code).

These 2012 Mineral Resources and Ore Reserves has been extracted from the ASX Announcement entitled “Mineral Resources and Ore Reserves Update” dated 28 August 2015 which is available to view at www.silverlakeresources.com.au. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original ASX announcements and that all material assumptions and technical parameters underpinning the estimates in the ASX announcement continue to apply and have not materially changed.

All other Mineral Resource and Ore Reserves estimates were first prepared and disclosed under the 2004 edition of the JORC Code and have not been updated since to comply with the 2012 JORC Code on the basis that the information has not materially changed since it was last reported.

The information in this presentation relating to Exploration Results, and Mineral Resources and Ore Reserves prepared in accordance with the 2004 edition of the JORC Code, are based on information compiled by Mr Antony Shepherd, a Competent Person who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Shepherd is a full time employee of Silver Lake Resources Ltd and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2004 edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Shepherd consents to the inclusion in the presentation of the matters based on his information in the form and context in which it appears.

http://www.silverlakeresources.com.au/







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