Carpentaria Exploration : Hawsons Resource Upgrade Presentation

WE FIND IT. WE PROVE IT. WE MAKE IT POSSIBLE.

SUPERGRADE IRON

1

carpentariaex.com.au

This presentation has been prepared by the management of Carpentaria Exploration Limited (CAP) for the benefit of customers, analysts, brokers and investors and not as specific advice to any particular party or persons. The information is based on publicly available information, internally developed data and other sources. Where an opinion is expressed in this presentation, it is based on the assumptions and limitations mentioned herein and is an expression of present opinion only. No warranties or representations can be made as to origin, validity, accuracy, completeness, currency or reliability of the information. CAP disclaims and excludes all liability (to the extent permitted by law) for losses, claims, damages, demands, costs and expenses of whatever nature arising in any way out of or in connection with the information, its accuracy, completeness or by reason of reliance by any person on any of it. Where CAP expresses or implies an expectation or belief as to the success of future exploration and the economic viability of future project evaluations, such expectation or belief is expressed in good faith and is believed to have a reasonable basis. However, such expected outcomes are subject to risks, uncertainties and other factors which could cause actual results to differ materially from expected future results. Such risks include, but are not limited to, exploration success, metal price volatility, changes to current mineral resource estimates or targets, changes to assumptions for capital and operating costs as well as political and operational risks and governmental regulation outcomes. CAP does not have any obligation to advise any person if it becomes aware of any inaccuracy in or omission from any forecast or to update such forecast.

• Hawsons is the right project at right time with the right development strategy

• Iron ore demand will not fall off a cliff - new

  projects will be required to meet demand growth

• Specific supply opportunities for the right products by 2020 - Hawsons is targeting direct reduction grade (DR) pellet feed and high grade blast furnace (BF) pellet feed markets and has blue chip customers signed on

• Value underwritten by project strategic value to

  end users and infrastructure owners

• Completed PFS due end Q2 - potential to boost value near term, lift to investment grade and attract a new class of investors and strategic partners in line with improving steel and iron markets

High 7.7c

Resource Upgrade - February 2017

Target

PFS completion ~Q2 2017

ASX : CAP

Low 2.5c

Listed: 2007 SHARES: 169 M

CASH : $2.19 M 31 December, 2017

100% focussed on Hawsons Iron Project (CAP 64%, Pure Metals PL 36% diluting)

Dr Neil Williams - Chairman

Mr Quentin Hill - Managing Director

Mr Bin Cai - Director (Non-exec. Director)

Mr Paul Cholakos - Director (Non-exec. Director) Mr Robert Hair - (Company Secretary)

Major Shareholders Silvergate Capital 13.3%

Australia Conglin Int. Group 8.3%

SG Hiscock and Company 5.0%