ASX INVESTOR Presentation - JULY 2018

KALAHARI COPPER BELTRIGHT TIME, RIGHT ADDRESS

ASX:KMT

121 Mining Conference Cape Town

Corporate Presentation I February 2019

2

DISCLAIMER

Important Notice and Disclaimer

This Presentation has been prepared to provide information on the Kopore Metals Limited (Kopore), its Botswana subsidiaries and

Botswana and Namibian projects. It is not intended as an offer, invitation solicitation or recommendation with respect to the purchase or

sale of any securities. This Presentation should not be relied upon as the sole representation of any matter that a potential investor should

consider in evaluating Kopore. Its affiliates or any of its directors, agents, officers or employees do not make any representation or

warranty, express or implied, as to or endorsement of, the accuracy or completeness of any information, statements, representations or

forecasts contained in this Presentation, and they do not accept any liability for any statement made in, or omitted from, this Presentation.

Prospective investors should make their own independent evaluation of an investment in the Company.

Caution Regarding Forward Looking Information

This Presentation contains forward looking statements concerning Kopore. Forward-looking statements are not statements of historical fact

and actual events and results may differ materially from those described in the forward looking statements as a result of a variety of risks,

uncertainties and other factors. Forward-looking statements are inherently subject to business, economic, competitive, political and social

uncertainties and contingencies. Many factors could cause the Company’s actual results to differ materially from those expressed or implied

in any forward-looking information provided by the Company, or on behalf of, the Company. Such factors include, among other things,

risks relating to additional funding requirements, metal prices, exploration, development and operating risks, competition, production risks,

regulatory restrictions, including environmental regulation and liability and potential title disputes. Forward looking statements in this

Presentation are based on Kopore’s beliefs, opinions and estimates of Kopore as of the dates the forward looking statements are made,

and no obligation is assumed to update forward looking statements if these beliefs, opinions and estimates should change or to reflect

other future developments.

Competent Persons Statement

The information in this Presentation that relates to exploration results is based on information compiled by Mr David Catterall, a Competent

Person and a member of the South African Council for Natural Scientific Professions, a Recognised Professional Organisations (ROPO).

David is engaged by Kopore as a consultant Exploration Manager. David Catterall 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 (JORC 2012). David

Catterall consents to the inclusion in the Presentation of the matters based on his information in the form and context in which it appears.

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EXTENSIVE LANDHOLDING ON

THE KALAHARI COPPER BELT

covering 14,154km2

HIGH GRADE COPPER

INTERSECTIONS, DOMES

IDENTIFIED

IDENTIFIED DOMES AND HISTORICAL COPPER INTERSECTIONS, OPEN ALONG STRIKE AND

AT DEPTH in Botswana and Namibia

PROVEN REGIONAL AND PEER EXPLORATION MODEL home to world class copper projects

KALAHARI COPPER BELT IS ONE OF FEW REMAINING UNDEREXPLORED COPPER BELTS IN

THE WORLD

INCREASING INTERNATIONAL CORPORATE INTEREST IN THE KALAHARI COPPER BELT

evidenced by Sandfire Resources’ (ASX:SFR) recent proposed conditional takeover offer for MOD

Resources (ASX:MOD), located along-strike from Kopore

KOPORE METALSRight Time, Right Address

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CORPORATE OVERVIEW Capital Structure

a) 55m Options are exercisable at $0.06 each, expiry 8 November 2020b) 7,500 options are exercisable at $7.60/option, expiry on 9 March 2019c) 30,000,000 options exercisable at $0.36/option, expiry on 19 November 2019

d) 14,000,000 options exercisable at $0.045/option, expiry 7 December 2023 e) 3,000,000 options exercisable at $0.045/option, expiry 19 November 2023

BOARD OF DIRECTORS & MANAGEMENT

PETER MEAGHERNON-EXECUTIVE

CHAIRMAN

Peter has over 30 years’ experience as a director of listed

companies focused in the resources sector. Previously

Chairman of Namibian Resource Developer Extract

Resources (ASX: EXT), which sold for A$2.1bn.

Peter is a Certified Practicing Accountant and has been

involved in several private and public companies and is

currently the non-executive Chairman of Australian

focused Castillo Copper Limited.

GRANT FERGUSONMANAGING DIRECTOR

Mining Executive with over 23 years’ experience in

international resources sector. Mr Ferguson’s roles range

from African resource executive positions to senior

technical roles in gold and copper mining operations,

including over 5 years residing in the SADC region.

SHANNON COATESNON-EXECUTIVE

DIRECTOR

Ms Coates holds a Bachelor of Laws from Murdoch

University and has over 20 years’ experience in corporate

law and compliance

Ms Coates is a Non-Executive Director and Chartered

Secretary and currently acts as non-executive director of

Flinders Mines Limited and Vmoto Limited

DAVID CATTERALLEXPLORATION MANAGER

Over 30 years experience in the resource industry

including specific experience in the Kalahari Copper Belt.

David’s project experience ranges from grass roots

exploration to feasibility studies for open pit and

underground operations.

CAPITAL STRUCTURE

SHARES ON ISSUE (M) 542.6

MARKET CAP (A$M)

(at A$0.015)8.68

CASH (A$M)

(End Dec. Q 2018)2.5

DEBT (A$M) 0

ENTERPRISE VALUE (A$M) 6.18

OPTIONS (M) 102.01a,b,c,d,e

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KALAHARI COPPER BELT – INTEREST INCREASING

Sandfire Resources NL (ASX:SFR), a leading Australian mid-tier copper producer announced its interest in acquiring MOD Resources (ASX:MOD) on 21 January 2019.1

1ASX Announcement – Sandfire Resources NL “Media Speculation – MOD Resources Ltd https://www.modresources.com.au/sites/default/files/asx-announcements/6916760.pdf2ASX Announcement – MOD Resources Ltd “Assays Confirm Outstanding Intersection at A4 Dome https://www.asx.com.au/asxpdf/20180806/pdf/43x39fs20v6d6l.pdf

Kopore’s Namibian licenses are located along strike from MOD’s copper

discoveries, including the MOD A4 Dome Project2:

52m @ 1.5% Cu and 14g/t Ag, including 15.5m @ 2.9% Cu and 42g/t Ag

EMERGING WORLD CLASS KALAHARI COPPER BELT RECEIVING SIGNIFICANT CORPORATE INTEREST:

Sandfire’s announcement implied a 73% premium to MOD’s market

valuation, highlighting the potential for significant upside to shareholders

through discoveries in the Kalahari Copper Belt.

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THE KALAHARI COPPER BELTA globally significant & under-explored region

Source: https://www.asx.com.au/asxpdf/20181016/pdf/43z90dkfrgy792.pdfSource: https://www.cupriccanyon.com/development-exploratio/exploration

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Dominant ground position in the southern Kalahari Copper Belt

KOPORE PROJECT HIGHLIGHTS

BOTSWANA NAMIBIA

AR

EA

8,448km2 5,705km2

SN

AP

SH

OT

• 16 prospecting licenses,

including multiple regional

domal scale prospects

• 4.4km of RAB, RC and Diamond

drilling since July 2018

• 8 subsurface interpreted domal

targets up to 6km in strike

• Kalahari Copper Belt pathfinder

minerals pyrite and pyrrhotite

intersected in drilling

• Soil sampling collected 2,458

across the Korong and Virgo

Prospects

• 8 prospecting licenses adjoining

the Botswana prospecting licenses

• Reprocessed geophysical data

confirmed four domal targets and

a further four potential “intact”

subsurface domal structures

• 59 historically drilled diamond, RC

and percussion holes across dome

targets

• >8,000+ historical soil samples

under current review for potential

Cu-Zn anomalies

• Multiple anomalous copper

intersections upto 3m @ 1.11%Cu

and 127.19g/t Ag1

EX

PLO

RA

TIO

N

• Soil sampling at Virgo licences

completed, anomalies

identified

• Virgo project briefs being

submitted to DEA to initiate

environmental approval

process

• Ground reconnaissance

ongoing

• Environmental Management Plan

Approval received December 2018

• Interpretation of historic data

provides immediate drill targets

• Ground Magnetotellurics (MT)

program mobilising

• Planned Q1 RC drilling program

1 ASX Announcement -FIRST COPPER INTERSECTIONS IDENTIFIED IN HISTORICAL NAMIBIAN DATABASE - QEMBO DOMEhttps://www.investi.com.au/api/announcements/kmt/5e569db5-c2c.pdf

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TARGETING BOTSWANA AND NAMIBIA IN 2019

Systematic testing of advanced drill targets

in Botswana and Namibia

Full EMP approved across all prospecting

licenses

Drilling to commence February 2019

EXPLORATION PROSPECT MATURITY

NEXT STEPSCONCEPT FIED

REVIEW

GEOPHYSICS

SURVEY

GEOCHEMICAL

SURVEY DRILLEDIDENTIFIED CU

MINERALISATION

BOTSWANA Drilling to continue on the Korong Domal Prospect

Korong Dome ⚫ ⚫ ⚫ ⚫⚫

RC and Diamond Drilling Program

Kara Dome ⚫ ⚫ ⚫ ⚫ ⚫ Airborne EM Survey

Tau Dome ⚫ ⚫⚫

Ground geophysics Survey

Senyetse Dome ⚫ ⚫ ⚫ Ground geophysics Survey then RAB/RC Drilling Program

Virgo Group ⚫ ⚫ ⚫ Ground geophysics Survey then RAB/RC Drilling Program

Okwa Dome ⚫ ⚫ Field Reconnaissance and Ground Geophysical Program

NAMIBIA To commence ground geophysical and drilling programs on the Omenye and Ongava Domal Prospects

Qembo Dome ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ RC Drilling Program

Omenye Domal

Prospect⚫ ⚫ ⚫ ⚫

Ground Geophysics and RAB/RC Program

Ongava Domal

Prospect⚫ ⚫ ⚫

Ground Geophysics and RAB/RC Program

Zambinda Dome ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ RC Drilling Program

Ondjou Domal

Prospect⚫ ⚫ ⚫

Ground Geophysics Program and Follow-up RAB/RC

Drilling

Otjari Dome ⚫ ⚫ ⚫Ground Geophysics Program and Follow-up RAB/RC

Drilling

Mokorro Dome ⚫ ⚫ ⚫ ⚫ Ground Geophysics and RAB/RC Program

Steenbok Dome ⚫ ⚫ ⚫ ⚫ Ground Geophysics and RAB/RC Program

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Q1 2019 STRATEGYBeginning to Unlock Potential

JAN FEB MAR ACTIVITY DESCRIPTION

NAMIBIA

Omenye Domal Prospect

Ground Geophysics

Initial Ground Geophysics Program Magnetotellurics (MT)

method across two lines to assist in delineating depth to potential

top of interpreted D’Kar/Ngwako Pan Formation contact.

Omenye Domal Prospect

RC Drilling Program

Omenye RC drilling program based on results of Omenye Dome

ground geophysics program. Initial 1,500-2,000m planned, with

further drilling pending results.

Ongava Domal Prospect

Ground Geophysics

Initial Ground Geophysics Program Magnetotellurics (MT)

method across two lines to assist in delineating depth to potential

top of interpreted D’Kar/Ngwako Pan Formation contact.

Ongava Domal Prospect

RC Drilling Program

Ongava RC drilling program based on results of Ongava Dome

ground geophysics program. Initial 1,500-2,000m planned, with

further drilling pending results.

BOTSWANA

Korong Central Domal

Prospect Geophysics

Down-hole & MT Geophysics Program to gain a better

understanding on the depth to the D’Kar/Ngwako Pan

Formation(s) contact.

Korong Central Domal

Prospect Drilling Project

Resume the Korong Domal Prospect Drilling Program based

upon the results of the geophysics programs

Kara Dome

Airborne EM SurveyAirborne EM Survey over the Kara Dome

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BOTSWANA - KORONG CENTRAL PROSPECTHigh-priority prospect

• 1,144.51m of RC/RAB drilling completed1.

• Geophysical interpreted D’Kar/Ngwako Pan Formation

contact intersected within 270m below surface.

• Pathfinder sulphides (pyrrhotite and pyrite) and known

alteration intersected.

• Identified from reprocessed airborne EM survey and

Korong North and East reconnaissance drilling

program.

• Korong Dome experiencing increasing prospectivity

through experienced Kalahari Copper Belt

geophysicist.

• Ongoing Identification of further shallow targets.

EXPLORATION PLANS

• Downhole EM (DHEM) survey or ground

Magnetotellurics (MT) program to assist in targeting

potential copper mineralisation.

• Continue drilling to intersect D’Kar/Ngwako Pan

Formation contact.

• Based on DHEM and MT surveys, continue

RC/Diamond Drilling.

1 ASX Announcement DRILLING COMMENCES AT THE NEW KALAHARI COPPER BELT HIGH PRIORITY KORONG CENTRAL PROSPECT

https://www.asx.com.au/asxpdf/20180621/pdf/43vxym8bv1vfs3.pdf

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BOTSWANA – KORONG DOME – GHANZI WEST

PROJECT HIGHLIGHTS

• Regional scale 1,091km2 airborne

electromagnetic (EM) survey completed.

• Anticline and synclinal structures identified, as

found elsewhere on the KCB.

• Initial 2,749m RAB and RC drilling confirmed

D’Kar Formation within 5m below surface.

• Halved the depth to potential mineralisation,

potentially <250m below surface.

• Reconnaissance drilling confirms the presence

of associated “pathfinder sulphides”.

• Domal structures continue to be identified,

allowing the Company to refine the current

exploration programs.

Korong Sth

Korong East

Kopore Metals – Botswana Ghanzi West Prospecting Licence Group with interpreted Geology and Korong Dome EM

Survey

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BOTSWANA - KORONG NORTH AND EAST PROSPECTSTwo high-priority targets within the larger Korong Dome

KORONG NORTH PROSPECT • Interpreted domal structure.

• 1,259m of reconnaissance RAB and RC drilling

completed.

• Two Cu-Pb-Zn anomalies1 over 12km2.

• Sulphide pathfinder minerals (Pyrite/Pyrrhotite)

identified in drilling.

• Korong North exploration to recommence in Q1 2019.

1ASX Announcement - KM1 Delivers Significant Copper Soil Anomaly Overlying EM Conductor Target https://www.asx.com.au/asxpdf/20180621/pdf/43vxym8bv1vfs3.pdf2ASX Announcement - Copper, Lead and Zinc Soil Anomalies Confirm KM3 Airborne EM Conductor Target https://www.asx.com.au/asxpdf/20180607/pdf/43vm57k0jb4q2t.pdf

KORONG EAST PROSPECT • 1,450m of reconnaissance RAB and RC drilling

completed2.

• D’Kar formation confirmed within 20m of surface.

• Minor pyrite encountered, significant presence of

Calcrete.

• H1-2019 exploration program developed on

Korong footwall contact model.

Korong North Soil Sample Results Overlying 2017 Airborne EM Survey Conductor Zone with Drilled

Hole Locations

Korong East Copper in Soil Sample Results Overlying 2017 Airborne EM Survey

Conductor Zone and Drilled Hole Locations

13Namibian Licences with geophysics showing identified domes; Qembo, Zambinda, Mokorro and Steenbok Domes and interpreted domes; Ongava, Omenye, Otjari and

Ondjou Domal Prospects.

NAMIBIA PROSPECTING PORTFOLIO

Area of Licences contested by

Third Party

Identified Prospects

14

NAMIBIA - OMENYE DOMAL PROSPECT36km of prospective horizon

PROJECT HIGHLIGHTS

• Airborne magnetics indicates presence of a

potential subsurface dome 16km in strike length

and 3.5km in width.

• Historical copper and zinc soil sample anomalies

coincident to the interpreted major thrust fault,

known to have significance on the Kalahari Copper

Belt.

• Domal structure identified through a basic

geophysical survey and located 70km along strike

of MOD Resources T23 Dome Project.

EXPLORATION PLANS

• Targets have been identified for 1,800m RC and

percussion exploration program to test potential

copper- silver mineralization on the western

margin.

• Ground geophysics program planned to define the

D’Kar/Ngwako Pan Formation contact and

potential targeted conductors.

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NAMIBIA - ONGAVA DOMAL PROSPECT

PROJECT HIGHLIGHTS

• Regional size interpreted anticline structureapproximately 36km in strike length and 6km inwidth.

• Domal Prospect interpreted to be close to surface.

• Interpreted thrust faulting on the northern margin,important on the KCB.

• Domal structure identified through a basicgeophysical survey and located along strike fromMOD Resources.

EXPLORATION PLANS

• 1,800m RC and percussion exploration program.

• Planned ground geophysics program to define the

D’Kar/Ngwako Pan Formation contact and

potential targeted conductors.

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• Since 2013 ~15 greenfield copper projects larger than 50ktpa were commissioned.

• No new significant projects are anticipated to transition into production until at least2020, with only 2 large projects currently under construction.

• This creates a unique opportunity for copper explorers, especially on underexploredbelts in favourable jurisdictions.

IMPROVING LANDSCAPE FOR COPPER EXPLORERS

2013 2014 2015 201820172016 2019 2020

= >250ktpa

= 150-250ktpa

= 50-150ktpaCOPPER PROJECTS RECENTLY COMPLETED AND THOSE APPROVED AND IN CONSTRUCTION:

Source: Broadhurst Mining

Oyu Tolgoi

Toromocho

Bisha

Ministro Hales

Caserones

Sierra Gorda

Constancia

Sentinel

El Boleo

Anlucoya

Aktogay

Las Bambas

Antas

Jabil Sayid

Bozshakol

Cobre Panama

Quilong

Carrapateena

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HIGHLY PROSPECTIVE KALAHARI COPPER BELT

INCREASING CORPORATE INTEREST

DRILL-READY TARGETS

BOTSWANA AND NAMIBIA – STABLE AND

SUPPORTIVE JURISDICTIONS

KOPORE’S PATHWAY TO COPPER

18

koporemetals.com

info@koporemetals.com

Suite 5, 62 Ord Street

West Perth, WA 6005

TEL: +61 8 9322 1587

FAX: +61 8 9322 5230

19

BOTSWANA - KARA DOMESSystematically exploring regional scale targets

KARA DOME PROSPECT

• Three regional scale coincident copper-zinc-lead

anomalies delineated.

• Initial 1,623.26m of reconnaissance RAB, RC and

Diamond drilling completed.

• Additional diamond drilling to follow up highly

encouraging RC & RAB drilling1.

• Within the same geological and structural corridor

as the MOD Resources T3 copper-silver project

and recently discovered A4 Dome Prospect.

• Field geological mapped anticlines coincident with

copper-zinc soil anomalies.

• Large cover of calcrete and calcareous material.

• Exploration to continue in Q1 2019.

Korong Sth

Korong East

1ASX Announcement KM1 Delivers Significant Copper Soil Anomaly Overlying EM Conductor Target

https://www.asx.com.au/asxpdf/20180621/pdf/43vxym8bv1vfs3.pdf

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OTHER BOTSWANA PROSPECTS

SENYETSE PROSPECTS

• S1 historical anomaly confirmed by recent soil sampling

program.

• Interpreted coincident fold axis and cross cutting

structure highlighting anomalous Cu soil analysis results.

Exploration Strategy

• Further soil sampling program and basic ground

magnetic and EM survey to refine geological contact

position and drill targeting.

OKWA PROSPECT

• Field reconnaissance initiated and ongoing.

• Planned ground geophysics program Q2 2019.

VIRGO LICENCE GROUP

• Located within 40km of Cupric Canyon’s Zone 5 and

Banana Zone Projects.

• Soil sampling authorised by DEA and completed in 2018

• Soil sampling results have identified two large coherent

anomalies overlying the interpreted D’Kar/Ngwako Pan

Formations contacts on both PL135/2017 & PL162/2017.

Greenfields exploration potential

Senyetse and Okwa Interpreted Geology and Exploration Prospects

21

CORPORATE UPDATE Hebron Action

• Kopore believes at all times in providing transparent, accurate

and timely information to its investors and the broader market.

• With this understanding, the Company has outlined below an

action to set aside the grant of four of the Company’s eight

recently granted Namibian exclusive prospecting licences.

• Formal advice received from the Company’s legal counsel is that,

in their opinion, the Namibian Minister of Mines and Energy has

correctly issued the prospecting licenses to a subsidiary of the

Company (Kopore).

• Kopore’s Namibian legal counsel has filed a submission to

oppose the Application instigated by Hebron Prospecting Pty

Ltd against the Namibian Department of Mines.

The action is as follows

The Applicant claims that in August 2017, prior to Kopore’s own

applications being submitted, assessed and granted, Hebron

submitted applications to the Namibian Ministry of Mines and

Energy for four EPLs (“Competing EPLs”) which were subsequently

granted to Kopore:

1. EPL7050 2. EPL7052

3. EPL7051 4. EPL7056

koporemetals.com

info@koporemetals.com

Suite 5, 62 Ord Street

West Perth, WA 6005

TEL: +61 8 9322 1587

FAX: +61 8 9322 5230