Oklo Resources : Investor Presentation

EXPLORING AMONG THE

GOLDEN GIANTS

MACQUARIE MINING MELBOURNE FORUM PRESENTATION - JUNE 2019

DISCLAIMER

This presentation has been prepared by Oklo Resources Limited ("OKU"). The information contained in this presentation is a professional opinion only and is given in good faith. The material in this presentation ("material") is not and does not constitute an offer, invitation or recommendation to subscribe for or purchase any security in OKU, nor does it form the basis

of any contract or commitment. OKU makes no representation or warranty, express or implied, as to the accuracy, reliability or completeness of this material. OKU, its directors, employees, agents and consultants shall have no liability, including liability to any person by reason of negligence or negligent misstatement, for any statements, opinions, information or matters, express or implied, arising out of, contained in or derived from, or for any omissions from, this material, except liability under statute that cannot be excluded. Statements contained in this material, particularly those regarding possible or assumed future performance, costs, dividends, production levels or rates, prices, resources, reserves or potential growth of OKU, industry growth or other trend projections are, or may be, forward looking statements. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties, many of which are outside the control of, and may be unknown to, OKU. Actual results and developments may differ materially from those expressed or implied by these forward looking statements depending on a variety of factors. Recipients of this presentation are cautioned to not place undue reliance on such forward looking statements. OKU does not take responsibility to release publicly any revisions or updates to any forward looking statements to reflect events, circumstances or unanticipated events occurring after the date of this presentation except as required by law or by any appropriate regulatory authority.

This presentation is a visual aid and is not intended to be read as a stand alone document. The material contains selected and abbreviated summary information about OKU and its subsidiaries and their activities current as at the date of this presentation. The material is of general background and does not purport to be complete. OKU does not take responsibility for updating any information or correcting any error or omission which may become apparent after the date of this presentation.

Compliance Statement

This presentation contains information extracted from ASX market announcements reported in accordance with the 2012 edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" ("2012 JORC Code") and available for viewing at www.okloresources.com. OKU confirms that in respect of these announcements dated 21 December 2016, 30 January 2017, 21 February 2017, 3 March 2017, 7 March 2017, 15 March 2017, 30 March 2017, 6 April 2017, 26 April 2017, 29 May 2017, 21 June 2017, 12 July 2017, 25 July 2017, 14 August 2017, 16 August 2017, 4 September 2017, 28 November 2017, 5 December 2017, 20 December 2017, 5 February 2018, 22 February 2018, 8 March 2018, 28 March 2018, 3 May 2018, 16 May 2018, 22 May 2018, 2 July 2018, 6 August 2018, 28 August 2018, 3 September 2018, 12 September 2018, 19 September 2018, 30 January 2019, 19 February 2019, 6 March 2019, 11 April 2019, 17 April 2019 and 27 May 2019 it is not aware of any new information or data that materially affects the information included in any original ASX market announcement.

The information in this presentation that relates to Exploration Results is based on information compiled by geologists employed in Africa Mining (a wholly owned subsidiary of OKU) and reviewed by Mr Simon Taylor, who is a member of the Australian Institute of Geoscientists. Mr Taylor is the Managing Director of OKU. Mr Taylor is considered to have sufficient experience deemed relevant to the style of mineralisation and type of deposit under consideration, and to the activity that he is undertaking, to qualify as a Competent person as defined in the 2012 JORC Code. Mr Taylor consents to the inclusion in this report of the matters based on this information in the form and context in which it appears.

GOLDEN FOOTPRINT

1,400KM2 STRATEGIC LANDHOLDING IN PROLIFICGOLD BELT

TWO LARGE GOLD SYSTEMS DISCOVERED

12KM DANDOKO GOLD CORRIDOR INCLUDING

SEKO DISCOVERY, 30km east of B2Gold's 7.1 Moz Fekola

mine.

• SEKO - drilling has included:

33m at 4.97g/t gold

45m at 4.38g/t gold

62m at 5.26g/t gold

31m at 6.27g/t gold

46m at 4.03g/t gold

40m at 10.66g/t gold

29m at 12.27g/t gold

KOUROUFING CENTRAL AND KOME GOLD DISCOVERIES,

20km south-east of Dandoko Project.

• First drilling has included:

40m at 1.02g/t gold

34m at 1.12 g/t gold

8m at 10.58g/t gold inc 2m at 39.7 g/t gold 34m at 1.06g/t gold

6m at 29.41 g/t gold inc 2m at 77.40 g/t gold

DRILLING UNDERWAY WITH $6.5M TO DRIVE EXPLORATION AND NEWSFLOW fully

funded for the 2019 drill season and beyond.

EXPLORATION PROGRAMS led by experienced

management team, involved in > 40Moz of gold discoveries in West Africa.

3

STRONG FOUNDATION

CORPORATE OVERVIEW

CAPITAL STRUCTURE

MAJOR SHAREHOLDERS

BOARD & MANAGEMENT

A$53.2M A$46.7M

NON-EXECUTIVE CHAIRMAN

BlackRock Group

14.64%

► SIMON O'LOUGHLIN

MARKET CAP AT

ENTERPRISE

Resolute Mining Ltd

10.62%

► SIMON TAYLOR

A$0.15/SHARE

VALUE

1832 Asset Management

9.83%

MANAGING DIRECTOR & CEO

~A$6.5M

354.9M

Hawkestone Group

6.27%

DIRECTOR - COUNTRY MANAGER

► DR MADANI DIALLO

CASH BALANCE

SHARES ON

Directors & Management

5.27%

► ANDREW BOYD

(JUNE 2019)

ISSUE

Ack Pty Ltd

4.68%

GM - EXPLORATION

73%

TOP 20

Unlisted Options

20.4M

SHAREHOLDERS

► LARA IACUSSO

average exercise A$0.37

CHIEF FINANCIAL OFFICER

40 MONTH SHARE PRICE PERFORMANCE

0.6

DANDOKO GOLD

SEKO

SEKO DRILLING

SEKO PRIMARY GOLD

COMMENCED

IN DD AT SK2

KOUROUFING

0.5

CORRIDOR

PRIMARY

AUGER

DISCOVERY

GOLD

GOLD CORRIDOR

0.4

DRILLING

KOME

DISCOVERY

COMMENCED

BEDROCK

0.3

GOLD

0.2

SEKO PRIMARY

SEKO

0.1

SEKO OXIDE

GOLD AT SK2

KOUROUFING

GRADE

LOW $0.07

DISCOVERY

BEDROCK GOLD

0

16-May16-Apr16-Mar

16-Jun

16-Nov

17-Apr17-Mar17-Feb17-Jan16-Dec

17-Jun17-May

17-Nov17-Oct

18-Feb18-Jan17-Dec

18-Mar

18-Jun18-May18-Apr

18-Dec18-Nov18-Oct

19-Apr19-Mar19-Feb19-Jan

19-Jun19-May

WET

WET

WET

SEASON

SEASON

SEASON

4

LARGE PROJECT PORTFOLIO

MULTI-MILLION OUNCE REGION

Increase in strategic land holding to ~500km2

Excellent results from flagship Dandoko Project

New gold system discovery at Kouroufing Project

5