Australian Graphite Conference 22 March 2016

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www.ansonresources.com

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Disclaimer The information contained in this confidential document ("Presentation") has been prepared by Anson Resources Limited (the "Company"). It has not been fully verified and is subject to material updating, revision and further amendment. The Information many not be distributed to others at any time without the prior written consent of the Company(including the presentation) any copies thereof, and will destroy all analysis, complications and other documents or writings whatsoever containing or reflecting any such material. 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 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, tortuous, 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 judgment, analysis and assumptions and each recipient should satisfy itself in relation to such matters. This Presentation includes certain statements that may be deemed “forward-looking statements”. All statements in this discussion, other than statements of historical facts, that address future activities and events or developments that the Company expects, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in forward-looking statements. Competent Person’s Statement   The information in this presentation is an accurate representation of the available data and studies for the deposit reviewed by Mr Greg Knox (MAusIMM), a Director of the Company. Mr Knox has over 25 years of exploration and mining experience in a variety of mineral deposit styles. Mr Knox has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking 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”. (JORC Code 2012). Mr Knox consents to inclusion in the report of the matters based on his information in the form and context in which it appears.

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ASX:ASN AUD Shares on issue 109.7m Share Price (as at11th March 2016) 2.0 cents Market Capitalisation $2.0m Net Cash (as at 16th March 2016) $1.1m Enterprise Value $0.9m

Options Unlisted Options 3.5m Total 3.5m

}  Located in a Western Australia, 500 km from Perth, 130 km from Geraldton

}  Historical mining area in one of the world’s leading mining States.

}  Majority Crown land

}  Existing Infrastructure }  Skilled mining workforce

and contractors within close proximity

}  No Fly-in, Fly-out workforce costs

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Anson Resources

Geology: }  High grade metamorphism with

hydrothermal alteration }  Graphite schist within a

Proterozoic Gneiss }  Similar to Tanzanian/Sri Lanka

graphite deposits }  Samples from old graphite mine

indicate Jumbo flakes with up to 18% TGC

Exploration Targets: }  4 Regional EM Targets ◦  Walcott 10 million tons ◦  Mary Springs, Geraldine & ◦  Warribanno

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}  Rock chip assays up to 18.15% TGC

}  Localised graphitic pits mapped by Geological Survey of Western Australia across the tenement

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}  Previous geophysical interpretation indicates 4 magnetic anomalies in the Walcott area

  }  2 priority conductors

were identified by the magnetic interpretation

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Classifica(on Microns ASX:ASN TGCµm MassDistribu-on% TC%

Jumbo >300 16.59% 96.59%Large 180-300 26.21% 94.30%

Medium 150-180 13.68% 91.80%Fine 75-150 43.52% 89.76%Total 100% 92.36%

•  Samples taken from shallow pits and shafts below surface comparable with other graphite projects at this stage of development

•  In-situ assay results up to 18% Total Graphite Content (TGC)

•  Further test work is to be carried out on samples from the drilling programs and it Is expected that the Mass Distribution percentage will increase in the ranges greater than 180 microns and higher concentrate values are expected (with further metallurgical work)

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•  Anson’s TGC only second to Talga – one of the highest in the world

•  Higher TGC - lower processing costs

24.0%

18.0%

14.8% 14.0%

10.7% 9.3% 8.5% 8.3%

7.0% 5.0%

2.10%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

Talga Resources

Ltd

Anson Resources

Ltd

Focus Graphite

Syrah Resources

Ltd

Triton Resources

Flinders Resources

Kibaran Resources

Energizer Resources

Valence Industries

Ltd

Magnis Resources

Ltd

Northern Graphite

TGC% Grade

10

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%

16.00%

Kibaran resources

Magnis Resources

Triton Minerals

Syrah Resources

Energizer Resources

Talga Resources

Flinders Resources

Focus Graphite

Northern Graphite

Valance Industries

Anson Resources

Tanzania Mozambique Madagascar Sweden Canada Australia

ERP

%

Equity Risk Premium (ERP)

Source: Stern NYU

q  Mining: At surface – shallow pits. q  Mining: Low strip ratio 3:1. q  Grade: Low processing costs q  Logistics: Proximity to established bulk commodity port – Geraldton.

q  Exchange Rate: AUD below long term average of $0.75 to USD.

q  Labour Rates: Skilled Mining Workforce available within the region

q  Crown Land: No access fees.

q  Country Risk: Politically stable environment, historical mining area.

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}  National Highway passes through the Ajana tenement, approximately 130 km to Geraldton

}  Geraldton Port, existing

shipping channels to key markets, bulk and “rotainer” capable with capacity available

}  Geraldton International Airport capable of shipping smaller volumes quickly

}  Capex investment in logistics minimal

}  Enabling short timeframe to commence shipments and cashflow.

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13

165 163 150

138 134.1

110

77

56

30

Capex Requirements $US Million

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150,000

180,000

20,800

40,000 25,000

220,000

46,000

0

50,000

100,000

150,000

200,000

250,000

Energizer Resources

Magnis Resources Northern Graphite Kibaran Anson Syrah Talga

2016 2017 2018

Production Timeline and Target Production Tonnes

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}  Costeans to be dug to identify if and where graphite schist comes to surface

}  Predictions based upon CRA drill hole log

}  Heritage clearance to be conducted next month

}  DMP approval received for a diamond and RC drilling program

}  Heritage clearance to commence in April 2016

}  Drilling program scheduled for May 2016

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}  Drilling program conducted by CRA in 1993 recorded graphitic schist from 128.6 m to 148.5m (down hole).

}  From 148.5 to 161.05m

graphitic units were logged within the pelitic granulite.

}  Planned drilling program objective is to confirm the width, grade and flake size of the graphite logged in the historic CRA diamond hole.

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}  Metallurgical test work to continue and expanded to include samples from drilling program

}  It is expected that grade and flake size distribution to improve

}  Production process test work to continue

}  Suitability for a number of end uses to be tested

18 Float cell in operation with Ajana oxide ore.

ASX Listed Co. ANS – current

ANS (2016) WKT HXG KNL TLG MNS SYR

Mkt Cap $A mill $1.0 $5.5 $12.0 $13.0 $32.0 $53.0 $135.0 $737.0

Country Australia Australia Tanzania Australia Tanzania Sweden Tanzania Mozambique

Flake Size Jumbo Jumbo Large Large ? Large Medium

Resource defined ! ! "# "# "# "# "#

Est Resource Size 6.5Mt ? 7.1Mt 10.9Mt 7.6Mt # 156Mt 1,191Mt

Political stability "# ? "# ? "# ? !

Infrastructure " ! "# ! "# ! !

Cornerstone Inv. ! ! ! ! "# ! "

Offtake MOU "# ! "# "# "# "# "#

Start Up Date 2017 ? ? 2017 2018 2017 2018

0

100

200

300

400

500

600

700

800

A$m

illion

MarketCapitalisa-on

Mkt Cap Uplift ?

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Location •  Stable business environment, well established mining regulations, skilled work force, existing infrastructure

Geology •  High grade metamorphism with hydrothermal alteration •  Graphite schist within a Proterozoic Gneiss •  Similar to Tanzanian/Sri Lanka graphite deposits

Exploration •  Previous drilling identified target graphitic schist •  High in-situ grade up to 18% TGC •  Walcott:10Mt target •  Others: Mary Springs, Geraldine, Warribanno ? •  Drilling to commence in near term

Processing •  Conventional process – crushing, grinding, flotation, filtration, drying and screening test work underway

Share Price •  Below comparable projects with great upside