Platypus Minerals : Investor Roadshow Presentation September 2016

A subsidiary of

Investor Roadshow Presentation - Mines & Money Americas, Toronto September 2016

Creative Resources Leadership

This presentation has been prepared by the management of Platypus Minerals Ltd (the 'Company') for the benefit of brokers, analysts and

investors and not as specific advice to any particular party or person.

The information is based on publicly available information, internally developed data and other external sources. No independent verification of those sources has been undertaken and where any opinion is expressed in this document 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 the origin, validity, accuracy, completeness, currency or reliability of the information. The Company 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 the Company expresses or implies an expectation or belief as to the success of future exploration and the economic viability of future projects, such expectation or belief is based on management's current predictions, assumptions and projections. However, such forecasts are subject to risks, uncertainties and other factors which could cause actual results to differ materially from future results expressed, projected or implied by such forecasts. Such risks include, but are not limited to, exploration success, commodity price volatility, future changes to mineral resource estimates, changes to assumptions for capital and operating costs as well as political and operational risks and governmental regulation outcomes. For more detail of risks and other factors, refer to the Company's other Australian Securities Exchange announcements and filings. The Company 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.

The information in this report that relates to Exploration Results is based on information compiled by Mr Tom Dukovcic, who is an employee of the Company and a member of the Australian Institute of Geoscientists and who has sufficient experience relevant to the styles of mineralisation and the types of deposit under consideration, and to the activity that has been 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 Dukovcic consents to the inclusion in this report of information compiled by him in the form and context in which it appears.

2

• Lepidico's strategic objective is to become a sustainable lithium producer with a portfolio and pipeline of assets

• Lepidico is a well funded ASX listed lithium exploration and

  development company with an experienced management team

• Lepidico is exploring for a range of hard rock lithium minerals including lithium bearing micas and spodumene

• Lepidico is differentiated by having produced lithium carbonate using its patented L-Max® process technology from non-traditional hard rock lithium bearing minerals

• Lepidico provides exposure to a portfolio of lithium exploration assets through its wholly owned properties and joint ventures/IP licence agreements in Australia, Canada, Europe and South America

• Post June rights issue, Lepidico had A$3.7M in cash and no debt

  3

• Lepidolite and Zinnwaldite contain up to 5% Li2O and like spodumene, are hosted in pegmatites

• Lepidolite and Zinnwaldite often occur with tin and tantalum bearing minerals as well as spodumene

• Micas have been largely overlooked as a source of lithium as no commercially viable process was available to extract

the lithium and process through to lithium chemicals - L-Max® changes this

4