Stephen Hunt, AGM PresentationPerth, 29 November 2016

ASX: VRC

Reflections on a transformational year

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Disclaimer

The information contained in this confidential document (“Presentation”) has been prepared by Volt Resources Limited (the “Company”). It has not been fully verified and is subject to material updating, revision and further amendment.

While the information contained herein has been prepared in good faith, neither the Company nor any of its shareholders, directors, officers, agents, employees or advisers give, have given or have the authority to give, any representations or warranties (express or implied) as to, or in relation to, the accuracy, reliability or completeness of the information in this Presentation, or any revision thereof, or of any other written or oral information made or to be made available to any interested party or its advisers (all such information being referred to as “Information”) and liability therefore is expressly disclaimed. Accordingly, neither the Company nor any of its shareholders, directors, officers, agents, employees or advisers take any responsibility for, or will accept any liability whether direct or indirect, express or implied, contractual, tortious, statutory or otherwise, in respect of, the accuracy or completeness of the information or for any of the opinions contained herein or for any errors, omissions or misstatements or for any loss, howsoever arising, from the use of this Presentation.

Neither the issue of this Presentation nor any part of its contents is to be taken as any form of commitment on the part of the Company to proceed with any transaction and the right is reserved to terminate any discussions or negotiations with any prospective investors. In no circumstances will the Company be responsible for any costs, losses or expenses incurred in connection with any appraisal or investigation of the Company. In furnishing this Presentation, the Company does not undertake or agree to any obligation to provide the recipient with access to any additional information or to update this Presentation or to correct any inaccuracies in, or omissions from, this Presentation which may become apparent.

This Presentation should not be considered as the giving of investment advice by the Company or any of its shareholders, directors, officers, agents, employees or advisers. Each party to whom this Presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. In particular, any estimates or projections or opinions contained herein necessarily involve significant elements of subjective judgement, analysis and assumptions and each recipient should satisfy itself in relation to such matters.

Neither this presentation nor any copy of it may be (a) taken or transmitted into the United Kingdom, Canada, Japan or the United States of America, their territories or possessions; (b) distributed to any U.S. person (as defined in Regulation S under the United States Securities Act of 1933 (as amended)) or (c) distributed to any individual outside Australia, Canada or Japan who is a resident thereof in any such case for the purpose of offer for sale or solicitation or invitation to buy or subscribe any securities or in the context where its distribution may be construed as such offer, solicitation or invitation, in any case except in compliance with any applicable exemption. The distribution of this document in or to persons subject to other jurisdictions may be restricted by law and persons into whose possession this document comes should inform themselves about, and observe, any such restrictions. Any failure to comply with these restrictions may constitute a violation of the laws of the relevant jurisdiction.

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Corporate snapshot

Substantial Shareholders

Capital Structure

Shares on Issue 963,240,222

Options and Rights 245,358,898

Share Price (22 Nov 2016) A$0.07

52 week high / low A$0.145 / 0.011

FD Market Cap A$85m

Cash (30 Sept 2016) Est A$5m

Avg daily volume (shares) 4m (3 mths)

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Kabunga Holdings (vendor) 16.3%For

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Board and management

Senior executive profiles

Stephen Hunt B Bus (Marketing) AICD

Executive Chairman

- Minerals marketing specialist with 25 years experience in global roles: 15 yrs at BHP & 10 years as Director of ASX listed companies

- Ex-founding director at graphite focused Magnis Resources

- Experienced securing offtake and financing agreements

Alwyn VorsterB Sc (Geology) MBA M Sc (Mineral Economics) AICD

Non Executive Director

- Experienced mining industry professional with 25 years in senior roles covering the total resources supply chain

- Expertise in project development, complex corporate transactions and risk mitigation

Matt BullB Sc (Hons ) (Geology /Geophysics)

Non-Executive Director

- Chief Geologist with a decade’s experience in gold, iron ore and graphite (in Tanzania) mining / exploration

- Ex-CEO & Chief Geologist at Baru Resources

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Assessing Volt’s achievements from three different perspectives

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Project – key milestones achieved

People – that make a difference

Finance – key to creating future value

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PROJECT: Largest JORC compliant resource in Tanzania…

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Namangale

Deposit:

Tonnes (mt) Grade (% TGC)

Oct 2016 May 2016** Oct 2016 May 2016**

INFERRED

North 263.8 133.4 5.0 5.1

South 14.7 18.4 4.2 5.4

Sub-total 1) 278.5 151.8

INDICATED

North 121.7 62.6 5.2 5.1

South 26.0 - 4.5 -

Sub-total 2) 147.7 62.6

MEASURED

North 20.0 - 5.3 -

Total 446.2 214.4 5.0 5.1

** JORC Compliant Inferred Resource as described in ASX Announcement dated 13 May 2016, entitled “High Quality Concentrates Produced

and JORC Resource Upgrade at the Namangale Project.”For

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… that compares favourable against east African peers

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0 200 400 600 800 1,000 1,200

SYR

VRC

MNS

BKT

KNL

GPX

(Mt)

Measured Indicated Inferred

Source: Company data

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PROJECT: Excellent metallurgical results – high purity…

No deleterious elements

No toxic chemicals used to extract graphite – just crushing and flotation process

Multiple results from Namangale North & South deposits show TGC >99% for all flake sizes

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…and exceptional flake distribution results

Results from Namangale South oxidised ore show flake distribution skewed towards large, jumbo and super jumbo

Flake distribution - East African natural graphite suppliers >$20m mkt cap

Source: Company data

0

10

20

30

40

50

Super jumbo Jumbo Large Medium Fine Amorphous

VRC MNS KNL GPX SYR BKT

(%)

** As described in 2016 Annual Report - ASX Announcement dated 29 September 2016

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PROJECT: Commercial grade graphite with 99.99% TGC purity

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Independent German lab confirmed the following properties for Namangaleflake concentrate:

Pre-purification samples had no deleterious elements

Produced commercial grade graphite with 99.99% purity via conventional purification

Acceptable for spherical/expandable graphite & all industrial applications

Several clients in China, Europe and US that were sent samples in September 2016 confirmed product suitability for downstream applications

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PROJECT: Secured key stakeholder support

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National government advised and supportive of infrastructure requirements

Regional governments in Lindi and Mtwara apprised; no objections to progress

TANSROADS and Mtwara Port meetings conducted, with positive feedback

Environmental Social Impact Assessment favourable and on track

Town hall meetings with villagers undertaken, with overwhelming support for the project and economic benefits that will flow

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PROJECT: Most importantly, three MOUs signed for 100k tpa

Global marketing now split: Stephen Hunt to focus on North Asia, while Michael Lew covers US and Europe

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Customer Business description Annual graphite

required (t)

Optimum Nano One of China’s largest integrated lithium-ion battery producer

60,000

Huzhou Chuangya Large scale anode & electrolyte manufacturer

20,000

Shenzhen Sinuo Specialised anode & spherical graphite producer

20,000

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PEOPLE: Building a cohesive global team…

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Alwyn Vorster, Non-Executive Director

Highly experienced mining executive with 25 years experience A safe pair of hands who provides invaluable input on strategic issues

Stephen Brockhurst, Company Secretary

Appointed to coincide with HQ relocating to Perth from Melbourne Has many years experience with predominantly mining groups

Michael Lew, VP Business Development, North America & Europe

New York based and will focus on marketing Volt’s products to transportation/energy storage sectors

Many years experience as an equity analyst covering next-gen technologies For

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…with considerable depth and experience

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Operations appointments – collectively >100 years mining experience

Mark Hoffmann, Project Manager – expediting PFS and BFS

Godwin Nyelo, Head of Corporate Affairs – navigating government departments to progress mining licence

Chris Davis, Project Engineer – working on mine design, planning and logistic issues to fast-track production

Jimmy Ijumba, Mining Operations Manager – utilising skills to engage with local community/government then will manage construction and mining crewsF

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FINANCE: Prudent deployment of cash resources

From July 2015 to September 2016:

$12.3m raised from placements to investors and options exercised

$5.6m cash on hand which is sufficient to mid-2017

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FINANCE: Aligned with high calibre financial advisers

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EAS Advisers in NYC, North American adviser

Assisted with HK and NYC road shows

Introductions to investors and prospective clients in North America

Regular contact to discuss strategic issues

Canaccord Genuity – global adviser:

Mandated to assist with fund raising when required – debt and/or equity

Promotion of the company to international/local institutional clients

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FINANCE: Near five-fold increase in FD market cap since July 2015

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VRC Share Price Chart (since July 2015)

0.00

0.03

0.06

0.09

0.12

0.15

1/6/15 1/9/15 1/12/15 1/3/16 1/6/16 1/9/16

FD $15m

FD $85m

Reflects accumulated hard-work & achievements of multiple stakeholders

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Key takeaway

“A structural upcycle has commenced for spherical graphite and, potentially expandable

graphite, which VRC is extremely well positioned to capitalise on...”

Thank you - Q&A

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Volt ResourcesTelephone: +61 (08) 9481 0389

EOZail: Info@voltresources.comWeb: www.voltresources.com

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