Peak Resources : Investor Presentation - January 2017

Enabling Green Technology Investor Presentation

January 2017

The information in this document has been prepared as at January 2017. The document is for information purposes only and has been extracted entirely from documents or materials publicly filed with the Australian Stock Exchange and/or the Australian Securities and Investments Commission. This presentation is not an offer or invitation to subscribe for or purchase securities in the Company. The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this presentation is released, published or distributed should inform themselves about and observe such restrictions.

Certain statements contained in this document constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward looking information under the provisions of Canadian provincial securities laws. When used in this document, the words "anticipate", "expect", "estimate", "forecast", "will", "planned", and similar expressions are intended to identify forward-looking statements or information. Such statements include without limitation: statements regarding timing and amounts of capital expenditures and other assumptions; estimates of future reserves, resources, mineral production, optimization efforts and sales; estimates of mine life; estimates of future internal rates of return, mining costs, cash costs, mine site costs and other expenses; estimates of future capital expenditures and other cash needs, and expectations as to the funding thereof; statements and information as to the projected development of certain ore deposits, including estimates of exploration, development and production and other capital costs, and estimates of the timing of such exploration, development and production or decisions with respect to such exploration, development and production; estimates of reserves and resources, and statements and information regarding anticipated future exploration; the anticipated timing of events with respect to the Company's mine sites and statements and information regarding the sufficiency of the Company's cash resources. Such statements and information reflect the Company's views as at the date of this document and are subject to certain risks, uncertainties and assumptions, and undue reliance should not be placed on such statements and information. Many factors, known and unknown could cause the actual results to be materially different from those expressed or implied by such forward looking statements and information. Such risks include, but are not limited to: the volatility of prices of gold and other metals; uncertainty of mineral reserves, mineral resources, mineral grades and mineral recovery estimates; uncertainty of future production, capital expenditures, and other costs; currency fluctuations; financing of additional capital requirements; cost of exploration and development programs; mining risks; community protests; risks associated with foreign operations; governmental and environmental regulation; the volatility of the Company's stock price; and risks associated with the Company's by-product metal derivative strategies. For a more detailed discussion of such risks and other factors that may affect the Company's ability to achieve the expectations set forth in the forward looking statements contained in this document, see the Company's Annual Report for the year ended 30 June 2015, as well as the Company's other filings with the Australian Securities Exchange and the U.S. Securities and Exchange Commission. The Company does not intend, and does not assume any obligation, to update these forward-looking statements and information.

Competent Person Statements

The information in this report that relates to Exploration Results is based on information compiled and/or reviewed by David Hammond, who is a Member of The Australian Institute of Mining and Metallurgy. David Hammond is the Technical Director of the Company. He has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and the activity which he is undertaking to qualify as a Competent Person in terms of the 2012 Edition of the Australian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves. David Hammond consents to the inclusion in the report of the matters based on his information in the form and contest in which it appears.

The information in this statement that relates to the Mineral Resource Estimates is based on work conducted by Rod Brown of SRK Consulting (Australasia) Pty Ltd, and the work conducted by Peak Resources, which SRK has reviewed. Rod Brown takes responsibility for the Mineral Resource Estimate. Rod Brown is a Member of The Australian Institute of Mining and Metallurgy and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration, and to the activities undertaken, to qualify as Competent Person in terms of the Australian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code, 2012 edition).Rod Brown consents to the inclusion of such information in this report in the form and context in which it appears.

The information in the announcement that relates to estimated mine operating costs and mineral inventory was based on information compiled by Mr Ryan Locke, a Principal Consultant with Orelogy Consulting Pty Ltd, Orelogy are an independent consultant to Peak Resources. Mr Locke, who is a Member of the Australasian Institute of Mining and Metallurgy, has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activity being 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'. Ryan Locke consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. It should however be noted that no Ore Reserve has been reported as part of this study and therefore there is not a specific requirement for a CP in relation to the findings of this study.

The information in this report that relates to metallurgical test work results is based on information compiled and / or reviewed by Mr Gavin Beer who is a Member of The Australasian Institute of Mining and Metallurgy and a Chartered Professional. Gavin Beer is the General Manager Metallurgy of the Company and has sufficient experience relevant to the activity which he is undertaking to be recognized as competent to compile and report such information. Gavin Beer consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

The information in this report that relates to infrastructure, project execution and cost estimating is based on information compiled and / or reviewed by Lucas Stanfield who is a Member of the Australian Institute of Mining and Metallurgy. Lucas Stanfield is the General Manager - Development for Peak Resources Limited and is a Mining Engineer with sufficient experience relevant to the activity which he is undertaking to be recognized as competent to compile and report such information. Lucas Stanfield consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Peak Resources "Ngualla" deposit is located in Tanzania and is one of the highest grade and largest rare earth deposits in the world with capital and operating costs targeted for the lowest quartile

• Strong management team with extensive operational and commercial rare earth experience and industry network

• Globally strategic deposit: Ngualla a world-class asset, one of the world's largest and highest grade neodymium (Nd) and praseodymium (Pr) deposits

  • an operational mine life of 31 years*, based on just 22%* of the Mineral Resource

  • An easy-to-mine rare earth deposit by low strip ratio open pit with favorable host rock composition.

  • Outstanding project track record - BFS to be completed late Q1/early Q2 2017

• Rapidly expanding market driven by electric vehicle demand growth and alternative energy generation means NdPr demand is expected to double by 2025.

• Owning the supply chain with planned refinery investment in UK

• Strong development partners Appian and IFC

• The company is considering the possibility of a listing on the AIM market

* Production based on the 2016 Weathered Bastnaesite Zone Mineral Resource estimate at +1% REO grade cut and the mining and processing assumptions, details contained in the ASX announcements "Ngualla Study delivers substantial Capex and Opex savings" of 16 March 2016 and "Higher grade Resource for Ngualla nearly 1M tonnes REO" of 22 February 2016. 91% of the Mineral Resource on which the Mining Inventory is based is Measured, 9% Indicated with no Inferred.

Overview as at 20 January 2017

Peak Resources Limited is listed on the ASX

Investment Structure*

Share Price A$0.071

Number Of Shares (Undiluted) 477.5M

52 Week Range A$0.086-

0.042

Market Capital A$33.9M

Appian

16.12%

6.67%

Cash As At 31 December 2016- Peak Resources

Appian Debt due September 2019 (US$3.28M)

A$5.08M A$4.36M

75%

20% 5%

Enterprise Value A$33.2M

Unlisted Performance Rights 8M

Peak African Minerals

Unlisted Performance Rights

Outstanding

(Exercise Prices A$0.10- A$0.55)

29.2M

100%

PR NG Minerals

Percentages have been rounded

Appian and IFC contributed A$23.4m for the funding of

the Ngualla BFS, due for completion Q2 2017

Board Members Shareholdings

3,646,867 shares are held collectively by board members Darren Townsend, David Hammond and Jonathan Murray

Limited 100% Ngualla Rare Earth Project

* Post completion of the full 2 stage investment, see 27 July 2015 ASX releases "Closing of BFS Financing with Appian and IFC" and 26 April 2016 "Restructured funding package set to deliver Ngualla BFS"