White Cliff Minerals Limited · ASX:WCN

White Cliff Minerals — Investor Presentation (December 2015)

30 slides from White Cliff Minerals's investor presentation, Dec 7, 2015

1. Slide 1: Investor Update: Aucu Delivers Bonanza Gold Grades

   For personal use only Investor Update Aucu Delivers Bonanza Gold Grades December 2015

2. Slide 2: Disclaimer and Important Information

   Disclaimer and Important Information For personal use only Forward Looking Statements • This presentation has been prepared by White Cliff Minerals Limited (“White Cliff”). It contains forecasts and forward looking statements which are no guarantee of future performance and which involve certain ris

3. Slide 3: Executive Summary

   Executive Summary For personal use only • Aucu Delivers Bonanza Gold Grades: Central Asia • Drilling High Impact Nickel Targets: Australia ASX:WCNPAGE 3

4. Slide 4: Corporate Snapshot

   Corporate Snapshot For personal use only Capital Structure White Cliff Daily Share Price (Previous 12 months) 1.6 70 Millions Volume Cents per share Shares on issue 1080M Closing Share Price (cents) 1.4 60 Options on issue (3c ex price expiring 30 Sept 2017) 102 M 1.2 50 Options on issue (2c ex pric

5. Slide 5: Aucu Gold Project – Kyrgyz Republic

   For personal use only Aucu Gold Project – Kyrgyz Republic ASX:WCNPAGE 5

6. Slide 6: Aucu High Grade Gold Deposit (89%)

   Aucu High Grade Gold Deposit (89%) For personal use only • Drilling delivers bonanza grades – 8 metres at 55 g/t gold from 86 m – 6 metres at 38 g/t gold from 27 m – 4 metres at 60 g/t gold from 66 m – 3 metres at 41 g/t gold from 53 m – Extends deposit to 1300m length – Multiple zones • Exposed at

7. Slide 7: Aucu Gold: High Grade Everywhere

   Aucu Gold: High Grade Everywhere For personal use only Drill hole UGZ15-32a Drill hole UGZ15-33 • 3m at 41.3 g/t gold • 4m at 60 g/t gold Upper Gold zone • 1m at 58 g/t • 1m at 103 g/t 19.6 g/t Gold • 6m at 3.2 g/t • 2m at 43.5 g/t 1.13% Copper Outcropping Quartz 2m at 8 g/t gold 1m at 13 g/t Drill

8. Slide 8: Aucu Gold - Long Section – Size Potential

   Aucu Gold - Long Section – Size Potential For personal use only Drill hole UGZ15-33 • 4m at 60 g/t gold Aucu Gold Deposit • 1m at 103 g/t 156,000 Oz Drill hole UGZ15-32a • 2m at 43.5 g/t • 3m at 41.3 g/t gold 1.2 Mt at 4.2 g/t • 1m at 58 g/t • 6m at 3.2 g/t Visible Gold in trench 1m at 35 g/t gold 2

9. Slide 9: The Greater Aucu Gold System +3 kilometres

   The Greater Aucu Gold System +3 kilometres For personal use only Project Tenure: 2015 Drill Area • 83 km2 permit (next slide) • Valid to Dec 2015 • 4 year extension submitted • Can convert to mining Aucu Gold System permit (25 years) • 4 lodes identified • Each 3000 metres long • Free gold at surfac

10. Slide 10: Aucu Gold - Drilling Program 2015

    Aucu Gold - Drilling Program 2015 For personal use only Drilled: • 1994 metres of RC • 1300 metres of trend • 150 metres depth Testing: • Under and around current deposit and; • 900m along trend • Southern Gold Zone • Eastern Gold Zone • Awaiting results for eight holes ASX:WCNPAGE 10

11. Slide 11: Upper Gold Zone CH14-18 Section

    Upper Gold Zone CH14-18 Section For personal use only Mineralised outcrop Drill rig at upper gold zone ASX:WCNPAGE 11

12. Slide 12: Upper Gold Zone CH14-32 Section

    Upper Gold Zone CH14-32 Section For personal use only Mineralised outcrop Ore zone on track: UGZ15-32a ASX:WCNPAGE 12

13. Slide 13: Upper Gold Zone CH14-33 Section

    Upper Gold Zone CH14-33 Section For personal use only Ore zone at UGZ15-33 ASX:WCNPAGE 13

14. Slide 14: Upper Gold Zone CH14-34 Section

    Upper Gold Zone CH14-34 Section For personal use only Digging a trench ASX:WCNPAGE 14

15. Slide 15: Upper Gold Zone CH14-35 Section

    Upper Gold Zone CH14-35 Section For personal use only Ore zone at surface:UGZ15-35 ASX:WCNPAGE 15

16. Slide 16: Lower Gold Zone CH14-07 Section

    Lower Gold Zone CH14-07 Section For personal use only 10 metres Outcropping ore zone Visible gold panned from outcrop ASX:WCNPAGE 16

17. Slide 17: Lower Gold Zone LGZ15-29a Section

    Lower Gold Zone LGZ15-29a Section For personal use only Interpreting ore zones ASX:WCNPAGE 17

18. Slide 18: Ongoing Work and News-Flow

    Ongoing Work and News-Flow For personal use only • More Assays Pending • Preliminary Metallurgy – eight holes – Gravity Recoverable Gold (GRG) – UGZ, LGZ and Camp Gold Zone – Cyanide Leachable Gold – Due before Christmas – Results in January 2016 • Geological Modelling – Magnetic survey interpretati

19. Slide 19: Location-Access-Infrastructure-Support

    Location-Access-Infrastructure-Support For personal use only • North-western Kyrgyz Republic • Good infrastructure – Excellent access roads & 200 km to Rail – Cheap Power (US 2 cents/Kwh) – Close to regional mining support hubs – Taraz (175km), Namagan (200km) • Strong government support – Committed

20. Slide 20: Merolia Nickel Project – Western Australia

    For personal use only Merolia Nickel Project – Western Australia ASX:WCNPAGE 20

21. Slide 21: Merolia Nickel Project (100%)

    Merolia Nickel Project (100%) For personal use only • 5 High Impact nickel drill targets McKenna – EM Conductors on basal contacts – Large mafic-ultramafic intrusions – Similar setting to Nova-Bollinger – High nickel in soils Diorite-Rotorua – Untested Complex • Multiple additional targets: – Diorit

22. Slide 22: Merolia - McKenna Nickel Sulphide Targets

    Merolia - McKenna Nickel Sulphide Targets For personal use only • 3 High Impact nickel drill targets: – Conductive EM targets: • MC01 on basal contact of intrusion MC03 Nickel Sulphide Targets (Conductive plates) • MC02 in Feeder conduit on basal contact – High nickel in soils (up to 0.14% Ni) MC 02

23. Slide 23: Merolia- McKenna Cross Sections

    Merolia- McKenna Cross Sections For personal use only • Conductors on basal contacts • Strong nickel geochemistry above MC01 (up to 0.14% nickel) ASX:WCNPAGE 23

24. Slide 24: Merolia- Coglia Nickel Prospect

    Merolia- Coglia Nickel Prospect For personal use only • 2 High Impact Nickel Targets – On basal contact – Untested LUU Showing copper • Large Ultramafic Unit (LUU) anomalies (red) LUU01 – 7km by 1.5km – No EM signatures (conductive salt-lake) – Nickel pathfinders in isolated holes: • 4m at 0.84% nic

25. Slide 25: Coglia Nickel-Cross Section

    Coglia Nickel-Cross Section For personal use only • Up to 963 ppm copper with 0.84% nickel ASX:WCNPAGE 25

26. Slide 26: Location-Prospectivity-Infrastructure

    Location-Prospectivity-Infrastructure For personal use only • Emerging nickel province with recent discoveries at: – Nova-Bollinger (0.5 Mt Ni Eq.) – Camelwood (Ni) – Collurabie (Ni-Cu-PGE) – Mulga Tank (Ni-Cu) • Extensive Infrastructure Merolia Nickel- Copper Project – Local nickel and gold process

27. Slide 27: Laverton Gold Project (100%)

    Laverton Gold Project (100%) For personal use only • Laverton Gold (WA) – Ironstone (24m@ 8 g/t gold) – Kelly Well (8m@ 4 g/t gold) – Drill ready targets (low cost) • Northern Goldfields of WA Kelly Well Gold Prospect • Extensive Infrastructure • In a world class region: – Wallaby > 8 MOz gold Irons

28. Slide 28: Forward Exploration Schedule

    Forward Exploration Schedule For personal use only Dec Jan Feb Mar Apr May Q3 Q4 Project Commodity 2015 2016 2016 2016 2016 2016 2016 2016 Assay Aucu Gold Assay Model Drilling Drilling Drilling JORC MET Merolia Nickel Drilling Assay Drilling Assay Coglia Nickel Drilling Assay Drilling Assay Ironston

29. Slide 29: Why Invest?

    Why Invest? For personal use only • Bonanza drill Intersections • Merolia Nickel Project (WA) – 8 metres at 55 g/t gold from 86 m – 5 High Impact drill targets – 6 metres at 38 g/t gold from 27 m – Conductors on basal contact – 4 metres at 60 g/t gold from 66 m – Mafic-ultramafic intrusion – Extends

30. Slide 30: Contacts

    Contacts For personal use only Todd Hibberd Managing Director T: +61 (8) 9321 2233 Mike Langoulant Chairman T: +61 (8) 9321 2233 White Cliff Minerals Limited T: +61 (8) 9321 2233 A: Suite 2, Level 1, 47 Havelock Street, West Perth WA 6005 | P: PO Box 368, West Perth WA 6872 E: info@wcminerals.com.au

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