Crusader Resources : Juruena Gold Presentation – Path to Production

Juruena Gold Project - Path to Production

ASX:CAS

www.crusaderresources.com

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The information provided in this presentation is of a general nature only. Although it has been prepared in good faith with all due care there can be no guarantee that it will continue to be accurate in the future. No one should act or rely upon the information but should undertake their own independent due diligence or seek appropriate professional advice. To the extent permitted by law Crusader Resources Limited ("Crusader") excludes all liability from any statement in, or omission from, this presentation. Nothing in this presentation should be construed as either an offer to sell or a solicitation of an offer to buy or sell Crusader securities in any jurisdiction.

This presentation may contain certain forward looking statements and projections regarding:

estimated resources and reserves;

planned production and operating costs profiles; planned capital requirements; and

planned strategies and corporate objectives.

Such forward looking statements/projections are estimates for discussion purposes only and should not be relied upon. They are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Crusader. The forward looking statements/projections are inherently uncertain and may therefore differ materially from results ultimately achieved.

Crusader does not make any representations and provides no warranties concerning the accuracy of the projections, and disclaims any obligation to update or revise any forward looking statements/projections based on new information, future events or otherwise except to the extent required by applicable laws.

The information in this report that relates to Juruena Gold Project exploration results, Posse Iron Ore Project exploration results and Borborema Gold Project exploration results released after 1 December 2013, is based on information compiled or reviewed by Mr. Robert Smakman who is a full time employee of the company and is a Fellow of the Australasian Institute of Mining and Metallurgy. The information in this report that relates to Mineral Resources at the Juruena Gold Project is based on information compiled or reviewed by Mr. Lauritz Barnes and Mr. Aidan Platel who are independent consultants to the company and Members of the Australasian Institute of Mining and Metallurgy. Each of Mr. Smakman, Mr. Barnes and Mr. Platel have sufficient experience that is relevant to the type of mineralisation and type of deposits under consideration 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. Smakman, Mr. Barnes and Mr. Platel consent to the inclusion in the report of the matters based on this information in the form and context in which it appears.The information in this report that relates to:

1. Borborema Gold Project and Posse Iron Ore Project Exploration Results released prior to 1 December 2013 is based on information compiled or reviewed by Mr Robert Smakman who is a full time employee of the company;

2. Borborema Gold Mineral Resources is based on information compiled by Mr Lauritz Barnes and Mr Brett Gossage, independent consultants to the company;

3. Borborema Gold Ore Reserves is based on information compiled by Mr Linton Kirk, independent consultant to the company;

4. Posse Fe Mineral Resources is based on and accurately reflects, information compiled by Mr Bernardo Viana who is a full time employee of Coffey Mining Pty Ltd,

   and who are all Members of the Australasian Institute of Mining and Metallurgy (Rob Smakman and Linton Kirk being Fellows), and who all have sufficient experience that is relevant to the type of mineralisation and type of deposit under consideration, and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Each of Mr Smakman, Mr Lauritz Barnes, Mr Kirk, Mr Viana and Mr Brett Gossage consent to the inclusion in the report of the matters based on their information in the form and context in which it appears. This information was prepared and disclosed under the JORC Code 2004. It has not been updated since to comply with JORC Code 2012 on the basis that the information has not materially changed since it was last reported..

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   A Brazilian Mining Company

   Utilising strong local relationships to acquire and develop mineral assets in Brazil. Cash flow from Posse Iron, exciting gold potential, now with Lithium!

   Juruena Gold

   Borborema Gold

   Manga Lithium

   Posse Iron

   Juruena Gold Project (CAS 100%)

    Current Resources -178koz @ 12.1 g/t Au

    New Resource estimate pending

    Scoping Study Q4 2014

    Exceptional high-grade gold results

   Borborema Gold Project (CAS 100%)

    Resource - 2.43Moz Au

    Reserve - 1.61Moz Au

    BFS pending

   Posse Iron Ore Mine (CAS 100%)

    Unique high-value product

    Domestic sales to local Brazilian market

   Crusader Lithium- Manga (CAS 50%)

    Results from Rock chips to 1.3% Li2O

    JV with Lepidico and their L-Max extraction technology

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   Corporate Overview

   ASX: CAS
   Total Ordinary Shares on Issue	238.1m
   Options on issue 1	49.4m
   Cash (as at 30 June 2016) 2	$2.1m
   Debt (as at 30 June 2016) 3	US$3m
   Market Capitalisation (at 16.5cps)	A$39m

   Share Trading Data

5. Volume weighted exercise price of 32.1cps

6. Includes restricted cash of $0.5m

7. Debt facility with Macquarie Bank repayable before 31

8. December 2016

   Millions

   0.20 6

   0.18

   5

   Daily VolumeTraded On-Market

   0.16

   0.14

   4

   Close Price (A$/share)

   0.12

   0.10 3

   0.08

   2

   0.06

   0.04

   1

   0.02

   0.00 0

   Shareholders
   Stephen Copulos	23.77%
   Farjoy Pty Ltd	10.26%
   International Finance Corp (IFC)	5.79%
   Other directors	~2.5%

   Daily Volume Traded On-Market Daily Close Price - CAS