Red River Resources : Prosperity Through Lean & Clever Resource Development

The information contained in this presentation should be read in conjunction with and subject to the cautionary statements contained on this page and the statements contained in and referred to elsewhere in this presentation, including the competent persons statements referred to on slide 25 and the ASX announcements to which this presentation refers.

Forward Looking Statements

This presentation may contain forward looking statements that are subject to risk factors associated with the mining and resources industry. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a range of variables which could cause actual results or trends to differ materially, including but not limited to: price fluctuations, actual demand, currency fluctuations, geotechnical factors, drilling and exploration results, gas commercialisation, development progress, operating results, engineering estimates, reserve estimates, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory developments, economic and financial markets conditions in various countries, approvals and cost estimates.

Thalanga Zinc Project

This presentation includes references to a Restart Study (the internal study prepared by Red River to assess the potential restart of the Thalanga Zinc Project) released to the ASX on 12 November 2015, which include a production target for the Thalanga Project

Please refer to ASX release dated 12 November 2015 for further details on the Thalanga Zinc Project Restart Study. Red River confirms that all material assumptions underpinning the production target in the ASX release dated 12 November 2015 continue to apply and have not materially changed.

The Thalanga Zinc Project Restart Study is based on production from three deposits - West 45, Far West and Waterloo. The Thalanga Zinc Project Restart Study is based on low level technical and economic assessments and there is insufficient data to support the estimation of Ore Reserves at Far West and Waterloo, provide assurance of an economic development case at this stage, or provide certainty that the results from the Thalanga Zinc Project Restart Study will be realised. Further, as the production target that forms the basis of the Thalanga Zinc Project Restart Study includes Mineral Resources that are in the Inferred Category and there is a low level of geological confidence associated with Inferred Mineral Resources, there is no certainty that further exploration work will result in the determination of Indicated Mineral Resources or that the production target itself will be realised.

Capital Structure

Share Ownership

Current Share Price

A$

$0.14

Shares on Issue

#

218.1 million

Options on Issue1

#

40.4 million

Market Capitalisation

A$

$30.5 million

Cash2

A$

$2.9 million

Debt

A$

Nil

Enterprise Value

A$

$27.6 million

1. 40.4 million options on issue with a volume weighted average exercise price of 15.0cps

2. Cash balance as at 31 March 2016

Production Overview ThalangaPlant