Kibaran Resources : 2018 Annual General Meeting Presentation

ASX: KNL FSE: FMK

BUILDING A SUSTAINABLE GLOBAL GRAPHITE BUSINESS

Annual General Meeting Presentation, 27 November 2018

DISCLAIMER

Securities Disclaimer

This presentation is for informational purposes only and does not constitute an offer to sell, or solicit to purchase, any securities. Such offer can be made only through proper subscription documentation and only to investors meeting strict suitability requirements. Any failure to comply with these restrictions may constitute a violation of applicable securities laws.

Forward Looking Statements

Various statements in this presentation constitute statements relating to intentions, future acts and events. Such statements are generally classified as "forward looking statements" and involve known and unknown risks, uncertainties and other important factors that could cause those future acts, events and circumstances to differ materially from what is presented or implicitly portrayed herein. The Company gives no assurances that the anticipated results, performance or achievements expressed or implied in these forward looking statements will be achieved.

The production targets and forecast financial information referred to in this presentation were originally reported to the ASX by the Company on 21 June 2017 and on 5 December 2017. All material assumptions underpinning the production targets and forecast financial information reported in those ASX announcements continue to apply and have not materially changed.

Competent Persons

Information in this presentation that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Andrew Spinks, who is a Member of the Australasian Institute of Mining and Metallurgy included in a list promulgated by the ASX from time to time. Andrew Spinks is a director of Kibaran Resources Limited and 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". Andrew Spinks consents to the inclusion in this presentation of the matters based on his information in the form and context in which it appears.

Information in this presentation that relates to Mineral Resources is based on information compiled by Mr David Williams, a Competent Person, who is a Member of the Australasian Institute of Mining and Metallurgy. David Williams is employed by CSA Global Pty Ltd, an independent consulting company. Mr Williams 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". David Williams consents to the inclusion in this presentation of the matters based on his information in the form and context in which it appears.

Information in this presentation that relates to Ore Reserves has been compiled by Mr Steve O'Grady, who is a Member of the Australasian Institute of Mining and Metallurgy. Steve O'Grady is a full time employee of Intermine Engineering and produced the Mining Reserve estimate based on data and geological information supplied by Mr Williams. Mr O'Grady has sufficient experience which is relevant to the estimation, assessment, evaluation and economic extraction of the Ore Reserve that he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves". Steve O'Grady consents to the inclusion in this presentation of the matters based on his information in the form and context in which it appears.

MARKET OPPORTUNITY FOR BATTERY GRAPHITE (EV)

Global expansion of Electric Vehicle (EV) markets forecast to drive a 700% increase in annual natural graphite demand by 2025 ..... to over 800,000 tonnes per annum Roskill, UBSImportance of ethically sourced battery materials increasing

Mined natural flake ~55kg graphite per EV

127,000 tonnes

Used in 2017Roskill

EV penetration rates increasing from 2% in 2017 to 25% by 2025 Roskill,

UBS

MARKET OPPORTUNITY FOR BATTERY GRAPHITE (ESS)

Accelerating demand for battery storage from renewable Energy Storage Systems (ESS)

NEW GRAPHITE MINING & MANUFACTURING BUSINESS POISED FOR DEVELOPMENT

Shares on issue	Key holders	Financial
Listed 276m F-diluted 279m	Colonial 11% Board 10% Value-on-Gr. 4% GR Engineer. 2%	Share Price - A$0.14 Mkt Cap - A$38.6m Cash (1/10/18) A$1.9m

Scalable mining project for long term supply of graphite products	Value-add manufacturing of battery (spherical) graphite for lithium-ion batteries
Development ready Epanko Graphite Project	Tanzania / Asia / Europe
Total pre-tax NPV10 US$356m (geared, nominal terms)

Strong mix of mining, commercial and graphite experience

• ▪ Kibaran Chairman Robert Pett, Managing Director Andrew Spinks and in-country Project Director Grant Pierce OAM established Tanzania's Golden Pride Mine and are recipients of the President's Award in Tanzania for environmental excellence. German-based non-executive director Christoph Frey (ProGraphite) is a globally recognised graphite expert

• ▪ Listed on the Australian and German (Frankfurt) stock exchanges