www.laconia.com.auNovember 2017 ASX:LCR

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Forward Looking StatementsCertain statements contained in this presentation, including information as to the future financial or operating performance of LaconiaResources Limited and its projects, are forward-looking statements. Such forward-looking statements: are necessarily based upon anumber of estimates and assumptions that, whilst considered reasonable by Laconia Resources Limited, are inherently subject tosignificant technical, business, economic, competitive, political and social uncertainties and contingencies; involve known and unknownrisks and uncertainties that could cause actual events or results to differ materially from estimated or anticipated events or resultsreflected in such forward-looking statements; and may include, among other things, statements regarding targets, estimates andassumptions in respect of metal production and prices, operating costs and results, capital expenditures, ore reserves and mineralresources and anticipated grades and recovery rates, and are or may be based on assumptions and estimates related to future technical,economic, market, political, social and other conditions.

Laconia Resources Limited disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of newinformation, future events or results or otherwise. The words “believe”, “expect”, “anticipate”, “indicate”, “contemplate”, “target”, “plan”,“intends”, “continue”, “budget”, “estimate”, “may”, “will”, “schedule” and other similar expressions identify forward-looking statements. Allforward-looking statements made in this presentation are qualified by the foregoing cautionary statements. Investors are cautioned thatforward-looking statements are not guarantees of future performance and accordingly investors are cautioned not to put undue relianceon forward-looking statements due to the inherent uncertainty therein.

JORC Code Compliance - Competent Person StatementThe information in this presentation that relates to the Kraaipan and Kraaipan West projects is based on and fairly represents, information andsupporting documentation prepared and/or reviewed by Dr Quinton Hills, who is a Member of the Australasian Institute of Mining andMetallurgy (No. 991225). Dr Hills is an employee of Laconia Resources Limited and has sufficient experience that is relevant to the style ofmineralisation and type of deposit under consideration and to the activity currently being undertaken to qualify as a Competent Person asdefined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Hillsconsents to the inclusion in this presentation the matters based on his information in the form and context in which it appears.

ReferencesHammond, N. Q. and Moore, J. M., 2006. Archaean lode gold mineralisation in banded iron formation at the Kalahari Goldridge deposit,Kraaipan Greenstone Belt, South Africa. Miner Deposita (2006) 41: 483–503.

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INTRODUCTION• Unique and exciting opportunity to explore 1,896km2 of

highly prospective greenstone belt in Africa’s premiermining jurisdiction, Botswana.

• ~50km of the Kraaipan Greenstone Belt; 45km north andalong strike of Harmony’s Kalgold Mine (~4 million ozgold pre-mining resource)1.

• Same geological terrane hosts the Kalplats Project (~6.5million oz of 3E PGM)2, so also prospective for PGMs,nickel and copper mineralisation associated withmafic/ultramafic rocks.

• Exploration activities so far provide an almost tenure-widecoverage of the prospective greenstones by Geochemicaland Geophysical survey data.

• Results indicate several high priority, anomalousexploration targets that are being tested as part of ourcurrent drill program.

• Opportunity to apply successful ‘transportedcover’/‘undercover’ exploration techniques that are triedand tested in Australia to an exciting, well endowed butpoorly explored Greenstone Belt.

Kraaipan Gold-Nickel-Copper-PGM Project

31. 2010 Mineral Resources and Mineral Reserves Report for Harmony Gold Mining Company Ltd (JSE: HAR)2. 2016 Mineral Resources and Mineral Reserves Report for African Rainbow Minerals (JSE: ARI)

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HISTORIC GOLD EXPLORATION• Historic exploration only completed on a small section of

outcropping greenstones in the south.

• Historic soil and rock chip geochemical reconnaissancesurveys identified gold anomalism associated with BIF rocks:

• Best rock chip assay results: 36g/t Au, 9.9g/t Au, 7.4g/tAu & 6.9g/t Au.

• 47 out of 224 samples resulted in assays greater than1g/t Au = Over 20%

• These geochemical anomalies were followed up with a firstpass drill program of 74 RAB holes for 3,631m*. Highlights:

• KP037: 13m @ 1.7g/t Au from 11m,including 3m @ 5.1g/t Au;

• KP052: 21m @ 1.0g/t Au from 6m,including 5m @ 2.3g/t Au

• KP077: 9m @ 1.1g/t Au from 17m,including 4m @ 2.3g/t Au

Kraaipan Gold-Nickel-Copper-PGM Project

4*See LCR ASX announcement on the 31/01/2017 for JORC Table 1 for drilling results

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Kalgold-Kraaipan Analogous Geological Setting

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EXPLORATION STRATEGY Geochemistry

• Analyse selected subset of the regional soil surveysamples for low detection Au & PGMs as well as‘Pathfinder’ elements e.g. Cu, Zn, As, Bi, Ag and Hg.Complete!

Geophysics• Reinterpret/Review historic VTEM/MLEM Survey data for

anomalies with characteristics of gold related sulphide deposits or a Ni-Cu-PGM massive sulphide deposits. Complete!

• Reinterpret and model historic Aeromagnetic Surveydata for possible structural zones that could host gold mineralisation. Complete!

Drilling

• Drill test highest ranked targets generated by thegeochemical/geophysical results.Currently Underway!

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EXPLORATION RESULTSNorthwest Sector (ASX Ann: 11/9/2017)

• Discreet, highly anomalous gold zone of at least1.4km long and up to 600m wide from northwestsector soil assay results.

• Open along strike to the northwest and southeast.

• Gold anomaly coincides with highly magnetic rocks(e.g. BIFs), the most common host rocks for goldmineralised veins in this terrane.

• Spatially associated with the EM Target KB01, whichcould be due to pyrrhotite/pyrite altered BandedIron Formation rocks associated with goldmineralisation (e.g. Hill 50, Westralia, Bounty)

• Also anomalous for several pathfinder elementssuch as Ag, As, Bi, Cu, Mo and Zn

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EXPLORATION RESULTSNortheast Sector (ASX Ann: 26/9/2017)

• Four anomalous gold zones identified from the assay results from the northeast sector soil samples.

• The largest of the gold anomalous zones (NE001) is at least 3km long and up to 750m wide.

• Gold anomalous zones strike ENE to WSW, consistent with the orientation of outcropping, gold bearing quartz veins in the south of the project area.

• Best gold anomalies coincide with interpreted highly magnetic rocks, the most common host rocks for gold mineralised veins in this terrane.

• Also variably anomalous for several pathfinderelements such as Ag, As, Bi, Cu, Mo and Zn.

• NE001 also anomalous for Ni-Cu-PGMs (ASX Ann:2/10/2017).

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EXPLORATION RESULTSCentral Sector (ASX Ann: 26/9/2017)

• 3km long, up to 150m wide gold anomaly,associated with Electromagnetic (‘EM’) Target KB05,identified from the soil sample assay results.

• KB05 and gold anomaly coincide along north-southtrending Banded Iron Formation (BIF) rocks, themost common host rocks for gold mineralised veinsin this terrane.

• A second, over 4km long, up to 200m wide goldanomaly has also been identified and is associatedwith a fold hinge of the BIF rocks.

• Several other gold anomalies also identified withinthe central sector.

• Also variably anomalous for several pathfinderelements such as Ag, As, Bi, Cu, Mo and Zn

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EXPLORATION RESULTSKB01 and KB05

• KB01 and KB05 are two of the highpriority EM targets identified from thehistoric VTEM survey.

• KB01 and KB05 are both associatedwith anomalous gold zones.

• KB01 and KB05 are also associated ofzones of decreased magnetisationwithin the overall relatively highmagnetic anomaly.

• Could indicate that BIF rocks havebeen subjected to magnetitedestruction via pyrrhotite/pyritealteration associated with goldmineralisation (i.e. Hill 50, Westralia,Bounty).

• As the highest priority targets definedso far, these two targets will be drilledASAP.

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Figure: Detailed 3D magnetic model of the area surrounding KB01. Viewed fromabove. Isosurfaces of susceptibility (+0.03SI light pink, +0.12SI pink, +0.5SI orange,+2.0SI brown) and KB01 modelled plate in green.

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DRILLING UPDATE• Drilling program progressing well.

• Completed 3 diamond-core holes (DD) and 12 RC holes

• Two of the DD holes were completed at high priority EM targetKB05 and one at high priority EM target KB04.

• 7 RC drill holes were drilled into exploration target CEN001and 5 drilled into exploration target NE003.

Kraaipan Gold-Nickel-Copper-PGM Project

11Top photo: Diamond core drill rig at KPDD0012.

Bottom photo: RC drill rig at NE003.

Hole ID Hole TypeWGS84 SUTM

EastingWGS84 SUTM

NorthingDip (0) Azimuth (0)

DD E.O.H (m)

RC E.O.H (m)

KPDD001 DD 305990 7188208 -60 270 144.70

KPRC002 RC 306252 7186455 -55 135 90

KPRC003 RC 306285 7186418 -55 135 90

KPRC004 RC 306321 7186383 -55 135 95

KPRC005 RC 306505 7186210 -55 135 93

KPDD006 DD 305024 7188206 -60 90 192.62

KPRC007 RC 305951 7186179 -55 135 90

KPRC008 RC 305670 7185915 -55 135 90

KPRC009 RC 305706 7185881 -55 135 96

KPRC010 RC 312704 7201320 -55 135 102

KPRC011 RC 312775 7201249 -55 135 90

KPDD012 DD 305112 7190200 -60 90 206.80

KPRC013 RC 312847 7201178 -55 135 90

KPRC014 RC 312946 7201070 -55 135 90

KPRC015 RC 312446 7201225 -55 160 90

544.12 1106TOTAL METRES

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DRILLING UPDATEKB04 and KB05 drilling results• Drill holes testing high priority EM targets, KB04 and

KB05 have intersected sulphides from disseminated tosemi-massive of varying thicknesses at around themodelled EM plate depths

• Sulphides are mainly pyrrhotite and pyrite with tracesof chalcopyrite hosted within magnetite-rich KraaipanGreenstone rocks

• Sulphides also spatially associated with highlymagnetic, gabbroic, mafic intrusive rocks

• Sulphides appear to be of a similar style to some of thehistoric, gold-rich drill intersections to the south

• Sulphides may also contain PGMs due to assoc. withmafic intrusive rocks

• KB01 next high priority EM target to be drilled has asimilar geological/geophysical setting to KB04 & KB05

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Top photo: zone of disseminated to semi-massive pyrrhotite-pyrite with traces of chalcopyrite within a Banded Iron Formation (BIF) unit. From KPDD001.

Bottom left photo: zone of disseminated to semi-massive pyrrhotite-pyrite + chalcopyrite. From KPDD0012.Bottom right photo: zone of disseminated to semi-massive pyrrhotite-pyrite+chalcopyrite in gabbroic

intrusive from KPDD006.

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Kraaipan Gold-Nickel-Copper-PGM Project

1.2.

2010 Mineral Resources and Mineral Reserves Report for Harmony Gold Mining Company Ltd (JSE: HAR) 2016 Mineral Resources and Mineral Reserves Report for African Rainbow Minerals (JSE: ARI) 13

Summary• Unique and exciting opportunity to explore a very large areaof a well-endowed and highly

prospective greenstone belt in Africa’s premier mining destination, Botswana.

• ~50km length of the Kraaipan Greenstone Belt; situated 45km north, along strike and within thesame geological units as Harmony’s Kalgold Mine (~4 million oz gold pre-mining resource1).

• Same terrane hosts the Kalplats Project (~6.5 million oz of 3E PGM2) and is therefore, interpreted to also be highly prospective for nickel, copper and PGM mineralisation.

• Historic exploration, only completed in outcropping areas, resulted in very encouraging gold bearingdrill intersections.

• Opportunity to apply very well developed Yilgarn Goldfields exploration techniques in a terrane withvery similar geology.

• Several highly prospective exploration targets generated from geochemical and/or geophysical data.

• Drilling currently underway with disseminated to semi-massive sulphides intersected at KB04 and KB05.

• This opportunity has strong parallels with what Gold Road Resources set out to achieve in theYamarna Greenstone Belt e.g. focus on a large, poorly explored and relatively ignored greenstoneterrane

KRAAIPAN could host the next GRUYERE GOLD DEPOSIT!

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Dr Quinton Hillsquinton@laconia.com.au Phone: +61 8 6268 2688

ASX: LCR

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