NOBE META : Quarterly Activities Report

26th July 2017 JUNE QUARTERLY ACTIVITIES REPORT 2017

ASX Symbol: NMM

283 Rokeby Road

Subiaco WA 6008

Phone: [phone]

Fax: [phone]

www.noblemetals.com.au

BOARD OF DIRECTORS AND MANAGEMENT

Mr William Hayden

Non-Executive Chairman

Mr Miguel Palomino Managing Director

Mr Andrew Johnstone Non-Executive Director

Mr Jay Stephenson Company Secretary

ISSUED CAPITAL

Shares on Issue: 148,128,458 Unlisted Options: 20,575,000

Page 1 of 3 HIGHLIGHTS

• During the Quarter, GPS filled follow-up orders for platinum crucibles to CEMEX, the world's second largest cement and building products company.
• New orders for platinum finished products were also received from the US Military during the Quarter, initial samples were positively received in the previous Quarter. NMM hoped that this relationship will continue to grow.
• New order received and filled from an Asian Cement Company for platinum crucibles, reinforcing the quality and competitive pricing of GPS finished platinum goods.
• Smelting volumes were down during the Quarter due to Colombian Government Tax Department (DIAN) making more changes to regulations governing precious metal buying and trading, particularly in relation to Artisanal mining.
• During the Quarter, GPS began working on production of 15 and 17 micron gold wire after successfully producing 50 and 23 micron wire already. Once achieved, GPS will be able to produce all wire diameters commonly used in the production of electronic chips. Half Yearly Report - Update

  The Company has been working with auditors in Australia, Colombia, and the United States to complete the required work on the 31 December 2016 half year report.

  The Company regrets the delay, which has largely arisen from the acquisition of the GPS Metals Group (GPS Metal Lab, Inc. and Global Products Manufacture & Services S.A.S.) in the period ending 31 Dec 2016, and complex matters such as differences in multi-jurisdictional Generally Accepted Accounting Principles and the assessment of the accounting treatment/valuation of the acquisition.

  A great deal of progress has been made and the Company is looking to completion and reinstatement in the near future.

  Summary

  Noble Metals Limited ('NMM' or 'the Company') is pleased to report that over the June quarter, orders and manufacturing of precious metal finished goods from its wholly owned GPS Metal Lab (GPS) continued to grow despite depressed smelting volumes.

  Noble Metals Limited wholly owned GPS Metal Lab (GPS) - precious metals, smelter, refinery and manufacturing facility is located in the city of Cali in southwestern Colombia. The GPS Cali facility has a smelting capacity of over one tonne of gold per month and can refine gold to 99.99% purity. GPS has sophisticated manufacturing equipment that can produce platinum crucibles, precious metal wire, sputtering targets and other precious metal specialty products.

  During the June 2017 quarter GPS received and filled follow up orders from CEMEX in Mexico. CEMEX is the second largest cement and building products company in the world. Follow up orders included both platinum crucibles and casting dishes (see below).

  Platinum Casting dishes and Platinum Crucible

  Pleasingly, GPS has also received a second order for platinum crucibles from the United States Military after qualifying as a supplier in late 2016. GPS also anticipates orders from the US Military will also increase and become a regular source future of sales. GPS received and filled new orders for platinum cubicles from an Asian cement manufacturer.

  GPS continues to develop its wire drawing capability following successful production of both 23µm and 50µm (micron) wire and filling an order for 5000ft of 50µm wire. Noble has been requested to produce 15µm and 17µm wire for testing by Asian customers. Once achieved GPS will be able to produce and supply all commonly required thicknesses of gold boned wire used mainly in the electronics industry in the production of 'chips'.

  During the Quarter, GPS has entered into a number of agreements to smelter gold from fully permitted gold mines. This is in response to DIAN (Colombian Taxation Department) being in a period of flux with respect to its requirements for smelting/processing of artisanal sourced gold.

  Unfortunately, the changing regulations have impacted on smelting figures for the Quarter, however GPS expects volumes to increase again over the remainder of 2017 as regulations are finalised and GPS enters into more agreements to smelter gold from fully permitted professional mining operations.

  Niehoff automated wire drawing machine/equipment, GPS Metals Lab, Cali Colombia

  GPS is continuing to assess other low risk growth strategies including processing scrap precious metals and opening buying offices in key Colombian cities to better facilitate smelting activities and continually improve on supply providence.

  Novita Exploration, Mining and Processing Operations

  The Company is in ongoing discussions with local councils in the Choco Department to assess new opportunities with the intention to establish alluvial operations. Community agreements are being negotiated and hope to be concluded in the second half of 2017.

  Administration/Colombia/Corporate

  Revenue generated from activities at the GPS Cali Facility during the June 2017 quarter have again resulted in an operating surplus for the Company. Since the September 2016 quarter all company costs are being met by the GPS Cali facility revenue, including:

  • All operating costs at the Cali operation

  • Retrofitting and setting up precious metal manufacturing equipment

  • Acquisition and setup of additional testing equipment

  • All operating expenses for Condoto Platinum Colombia (camp, payroll, vehicle and equipment maintenance)

  • Condoto Platinum Colombia preliminary exploration expenses

Competent Persons Statement

The information in this document that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Andrew Johnstone, who is a Member of the Australian Institute of Geoscientists. Mr Andrew Johnstone 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'. Mr Andrew Johnstone who is a Director of the Company, consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

This release may contain forward-looking statements. Certain material factors or assumptions were applied in drawing a conclusion or making a forecast or projection as reflected in the forward-looking information. Actual values, results or events could differ materially from any conclusion, forecast or projection expressed or implied in the forward-looking.