Petratherm : Corporate Presentation

Competent Persons Statement: The information in this report that relates to Exploration Targets and Exploration Results is based on information compiled by Mr Peter Reid, who is a Competent Person, and a Member of the Australian Institute of Geoscientists. Mr Reid is not aware of any new information or data that materially affects the historical exploration results included in this report. Mr Reid is an employee of Petratherm Ltd. Mr Reid 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 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Reid consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

release by Petratherm's Chairman Derek Carter.

This ASX announcement has been approved by Petratherm's Board of Directors and authorised for

Petratherm - Company Presentation

onlyASX ANNOUNCEMENT 01/12/2021

usePetratherm Limited (ASX: PTR) is pleased to provide the following Company Presentation, summarising current on ground exploration, latest target modelling and near-termfuture ground activities. The Company is conducting gold exploration drilling in the Gawler Craton of South Australia throughout the December Period.

personalIn addition, the presentation provides a focus on the Company's Woomera Project Area, located in the highly prized Olympic Domain of South Australia, prospective for World Class Iron-Oxide Copper-Gold(IOCG) deposits. The Woomera Project targeting work has defined several compelling IOCG targets which the Company anticipates will be drilled in the first half of the 2022 calendar period.

For

www.petratherm.com.au

[e-mail]

PETRATHERM LIMITED

ACN 106 806 884

ASX: PTR

ASX: PTR onlyuse

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EXPLORATION PORTFOLIO POSITIONED FOR GROWTH

Petratherm Company Presentation

01 December 2021

ASX: PTR

Petratherm Secures Land Position Over Highly Prospective Olympic Dam Style, Copper-Gold,Geophysical Anomalies - 5 December 2018 Second Tenement Application over an Area Prospective Olympic Dam Style, Copper-Gold- 12 December 2018

Gravity survey identifies high tenor Olympic Dam Style Targets - 12 August 2019 Gravity Modelling Defines Olympic Dam Style Targets - 15 October 2019 Prospective Gold Tenement Won in Competitive Bid - 18 October 2019 Comet Project Tenement (EL 6443) Granted - 14 January 2020

Quarterly Activities Report December 2019 - 30 January 2020 Mabel Creek Project - Drilling Results - 12 May 2020

Mabel Creek Project - Drilling Grant Awarded to test Olympic Dam Style Copper-GoldTargets - 25 June 2020 Petratherm executes definitive agreement for the sale of its Victorian gold assets - 12 October 2020

New Copper and Gold Project Acquired - 3 December 2020 Woomera IOCG Project Acquired - (16 June 2021)

Woomera IOCG Project - Regional Gravity Targeting ( 1 July 2021) Mabel Creek Project - Results of Drilling ( 27 July 2021)

Quarterly Activities Statement - September 2021 (29 October 2021)

Comet Project - Shallow Drilling Identifies Gold Anomalies (3 November 2021)

COMPLIANCE STATEMENTS

Disclaimer::

This presentation has been prepared by Petratherm Limited (Petratherm). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document has been derived from third parties and though Petratherm has no reason to believe that it is not accurate, reliable or complete, it may not have been independently audited or verified by Petratherm.

Any forward-looking statements included in this document involve subjective judgment and analysis and are subject to uncertainties, risks and contingencies, many of which are outside the control of, and maybe unknown to, Petratherm. In particular, they speak only as of the date of this document, they assume the success of Petratherm's strategies and they are subject to significant regulatory, business, competitive and economic uncertainties and risks. Actual future events may vary materially from the forward looking statements and the assumptions on which the forward looking statements are based. Recipients of this document ("Recipients") are cautioned not to place undue reliance on such forward-looking statements.

Petrathermonly makes no representation or warranty as to the accuracy, reliability or completeness of information in this document and does not take responsibility for updating any information or correcting any error or omission which may become apparent after this document has been issued. To the extent permitted by law, Petratherm and its officers, employees, related bodies corporate and agents ("Agents") disclaim all liability, direct, indirect or consequential (and whether or not arising out of the negligence, default or lack of care of Petratherm and/or any of its Agents) for any loss or damage suffered by a Recipient or other persons arising out of, or in connection with, any use or reliance on this presentation or information. All amounts are in Australian dollars (AUD) unless stated otherwise.

JORC I formation:

Further details (Including JORC 2012 Code Reporting Tables, where applicable) for the information included in this Presentation can be found in the following Petratherm Limited announcements previously lodged with the ASX:

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Competent Persons Statement:

The i formation in this report that relates to Exploration Targets and Exploration Results is based on information compiled by Mr Peter Reid, who is a Competent Person, and a Member of the Australian Institute of Geoscie tists. Mr Reid is not aware of any new information or data that materially affects the historical exploration results included in this report. Mr Reid is an employee of Petratherm Ltd. Mr Reid has sufficient experience that is relevant to the style of mineralization 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 for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Reid consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

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COMPANY POSITIONED FOR GROWTH

STRONG PORTFOLIO OF COPPER AND GOLD TARGETS - ACTIVE DRILL PHASE STARTING NOW !

ersonal use only

			CAD $18 Mill - Victorian Gold
			Assets Share Sale Agreement -
	$0.16		Outback shares distributed		18,000
			in-specie to PTRs shareholders
	$0.14					16,000	Volume (1,000's)
	$0.12					14,000
Price (A$)					Portfolio	12,000
$0.10
				Development	10,000
$0.08				Period
Portfolio
Share					8,000
	Development
$0.06
Period
				6,000
PTR
$0.04					4,000Drilling
	$0.02					2,000 Phase
	$0.00					0
	1/07/2019	1/01/2020	1/07/2020	1/01/2021	1/07/2021
			Close	Volume

ASX: PTR

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CORPORATE SUMMARY

BOARD AND MANAGEMENT WITH TRACK RECORD OF EXPLORATION SUCCESS

					Derek Carter
					Non-Executive Chairman
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				Mr. Carter is a founder of the Minotaur group and a joint recipient of Explorer of the Year (AMEC) for the
				discovery of the Prominent Hill Copper Gold deposit. He was Chairman of Highfield Resources during the
		CAPITAL STRUCTURE		discovery and evaluation of the world-class Muga deposit and has been involved with numerous Government,
			Industry and ASX listed Company Boards. He is a geologist with over 45 years Corporate and field experience.
			(30 Nov 2021)
	Shares on issue		198.9M	Donald Stephens
	Options			1.1M	Non-Executive Director
			Mr. Stephens is a Chartered Accountant and corporate advisor with over 25 years' experience in the accounting,
	Share price			$0.05	mining and services industries, including 14 years as partner of HLB Mann Judd (SA), a firm of Chartered
			Accountants.
	use			$9.2M
	Market capitalisation (undiluted)	Simon O'Loughlin
	Ca h (30 Sept 21)		$2.8M	Non-Executive Director
					Mr. O'Loughlin is the founder of O'Loughlin's Lawyers, an Adelaide based, specialist commercial law firm. He has
	Enterprise value		$6.4M	extensive experience in the corporate and commercial law fields while practicing in Sydney and Adelaide, and
					also holds accounting qualifications. Non-Executive Director of Chesser Resources.
	ersonal				Peter Reid
				Exploration Manager
					Mr. Reid is an exploration geologist with over 25 years' experience. He was part of the Minotaur team which
					discovered the Prominent Hill copper-gold deposit and then later heavily involved in the successful IPO spin offs
					of ASX listed, Mithril Resources Ltd and Petratherm Ltd. He was the founding CEO of Petratherm and the
					recipient of the Chairman's Award for his contribution to the Australian geothermal industry.
					ASX: PTR	4