Volt Resources : Presentation - Strategic European Lithium Acquisition

only		European
		Strategic
use		Lithium
	Acquisition -
ersonal
	1 8 N O V E M B E R 2 0 2 1
INVESTOR	ASX:VRC|	1
	PRESENTATION November 2021

Important Notices

The information contained in this document ("Presentation") has been prepared by Volt Resources Limited (the "Company"). It has not been fully verified and is subject to material updating, revision and further amendment.

While the information contained herein has been prepared in good faith, neither the Company nor any of its shareholders, directors, officers, agents, employees or advisers give, have given or have the authority to give, any representations or warranties (express or implied) as to, or in relation to, the accuracy, reliability or completeness of the information in this Presentation, or any revision thereof, or of any other written or oral information made or to

onlybe made available to any interested party or its advisers (all such information being referred to as "Information") and liability therefore is expressly disclaimed. Accordingly, neither the Company nor any of its shareholders,

directors, officers, agents, employees or advisers take any responsibility for, or will accept any liability whether direct or indirect, express or implied, contractual, tortious, statutory or otherwise, in respect of, the accuracy or completeness of the information or for any of the opinions contained herein or for any errors, omissions or misstatements or for any loss, howsoever arising, from the use of this Presentation.

Neither the issue of this Presentation nor any part of its contents is to be taken as any form of commitment on the part of the Company to proceed with any transaction and the right is reserved to terminate any discussions or

egotiations with any prospective investors. In no circumstances will the Company be responsible for any costs, losses or expenses incurred in connection with any appraisal or investigation of the Company. In furnishing this Presentation, the Company does not undertake or agree to any obligation to provide the recipient with access to any additional information or to update this Presentation or to correct any inaccuracies in, or omissions from, this

Presentation which may become apparent.

This Presentation should not be considered as the giving of investment advice by the Company or any of its shareholders, directors, officers, agents, employees or advisers. Each party to whom this Presentation is made available

must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. In particular, any estimates or projections or opinions contained herein usenecessarily involve significant elements of subjective judgement, analysis and assumptions and each recipient should satisfy itself in relation to such matters.

Neither this presentation nor any copy of it may be (a) taken or transmitted into the United Kingdom, Canada, Japan or the United States of America, their territories or possessions; (b) distributed to any U.S. person (as defined in Regulation S under the United States Securities Act of 1933 (as amended)) or (c) distributed to any individual outside Australia, Canada or Japan who is a resident thereof in any such case for the purpose of offer for sale or solicitation or invitation to buy or subscribe any securities or in the context where its distribution may be construed as such offer, solicitation or invitation, in any case except in compliance with any applicable exemption. The distribution of this document in or to persons subject to other jurisdictions may be restricted by law and persons into whose possession this document comes should inform themselves about, and observe, any such restrictions. Any failure to comply with these restrictions may constitute a violation of the laws of the relevant jurisdiction.

Competent Person statement

The information in this announcement which relates to exploration results is based upon details compiled from the available documentation by Mrs Christine Standing, who is a Member of the of the Australian Institute of Geoscientists. Mrs Christine Standing is an employee of Optiro Pty Ltd and has sufficient experience which is relevant to the style of mineralisation and the deposit under consideration, and to the activity which she 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 (the JORC Code). Mrs Christine Standing confirms that the i formation included in this announcement in respect of the mineralisation at Jadar North, Ljig and Petlovaca is an accurate representation of the available data and studies.

Where information in this presentation relates to exploration results, mineral resources, ore reserves, production targets or forecast financial information that has previously been disclosed to the ASX, reference is made to the applicable ASX announcements where such information was first disclosed. Volt confirms that it is not aware of any new information or data that materially affects the information included in those announcements.

INVESTOR PRESENTATION | November 2021	2
ersonal

onlyuse

ersonalACQUISITION OVERVIEW

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Transaction Summary

Acquisition of European lithium licence applications in Serbia progresses Volt's strategy of becoming a multi-commodity battery mineral operator, developer and explorer

• Volt Resources (Volt) to acquire 100% of Asena Investment		- Four drillholes in the Jadar North licence application area
only	-	Asena holds the rights to three key licence applications		-	encountered anomalous Lithium and Boron values
	covering 291km² in Serbia		Rio Tinto and Asena occupy 100% of the Jadar basin -
- Acquisition consideration 36,049,027 Volt ordinary shares to			subject to Asena being granted the Jadar North licence
	be issued subject to certain conditions precedent, including		- Petlovaca and Ljig provide additional targets
-	grant of the licences and shareholder approval	•	Strategically located European Lithium licence applications
	Asena to be acquired by Volt with licences expected to be
		with demand from European EV battery manufacturers
		granted early Q1 2022		-	Licence applications strategically located in Europe with
• Three highly prospective licence applications, with Jadar North
		growing demand for European sourced Lithium for LIB cell
use	well-positioned alongside Rio Tinto's Jadar Project			manufacturers and EV manufacturers
-	Jadar North project targeting the northern extent of the		-	European Union facilitating the development of battery
ersonal		Jadar basin with Rio Tinto's world class Jadar Deposit			minerals supply chains through EBA and ERMA
	(Mineral Resource comprises 55.2 Mt of Indicated Resource
	at 1.68% Li2O and 17.9% B2O3 with an additional 84.1 Mt •	Subject to the licences being granted, an active program
		of Inferred Resource at 1.84% Li2O and 12.6% B2O3¹)		targeting exploration drilling Q3 CY 2022
		located in the south of the basin		-	Jadar North initial program of detailed mapping, sampling
	- Extensive surface geochemical sampling, ground magnetic			and geochemical analysis Q2 2022 with Phase 1 drilling Q3
		and magnetotelluric surveys completed with limited drilling			2022
			- Ljig and Petlovaca plans for similar programs and timing
		conducted
		1. Refer to Rio Tinto ASX announcement dated 10 December 2020 titled "Rio Tinto Declares Maiden Ore Reserve at Jadar"
INVESTOR PRESENTATION | November 2021			4

Transaction Details

To create a leading multi-commodity battery minerals focussed Company

ACQUISITION DETAILS

•	Volt has entered into a Share Swap Agreement to acquire 100% of the issued shares of Serbian company ASENA
	INVESTMENT DOO Beograd-Stari grad from Ropa Investments (Gibraltar) Ltd (Seller)
•	Asena holds applications for two licences (Jadar North and Ljig) and has the right to a third licence application
only	(Petlovaca) held by another Serbian entity (EME) owned by the Seller. Asena will also transfer two unrelated licences to	3
EME which are not part of the acquisition.

• When Asena becomes the registered holder of the three lithium licences, Volt will issue 36,049,027 ordinary shares to

use	the Seller subject to the following:
• Asena becoming the registered holder of, and Volt being satisfied in relation to certain matters concerning, the Jadar North,
Ljig and Petlovaca licences;
• Asena ceasing to hold any interest in the Excluded Licence Applications;
ersonal	• Volt becoming the sole holder of Asena's share capital; and
• Volt's shareholders approving the issue of the Consideration Shares. Approval by 17 February 2022.

TIMING

• Share Swap Agreement signed

• Asena shares transferred to Volt mid December 2021

• Licences expected to be issued to Asena (including the Petlovaca licence)

• Volt shares expected to be issued to the Seller - early Q1 2022

INVESTOR PRESENTATION | November 2021

LICENCE

APPLICATIONS

Jadar North

Ljig

Petlovaca

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