Paradox Basin Project: The New Lithium

Province

30th November 2017

Anson Resources Ltd

AGM

Disclaimer

ASX: ASN 2

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 furtheramendment. 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 otherdocuments 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, anyrepresentations 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 orto 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 orcompleteness 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 ornegotiations 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 thisPresentation, 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, thisPresentation 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 availablemust make its own independent assessment of the Company aYer making such investigations and taking such advice as may be deemed necessary. In particular, any estimates or projections or opinions contained hereinnecessarily 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 ordevelopments 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 statementsare 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 futureperformance 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 andmining 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 toqualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for reporting of Exploration Results, Mineral Resources.

As the project is located in the United States, the Exploration Results have not been reported in accordance with the JORC Code 2012; a Competent Person has not done sufficient work to disclose the Exploration Results inaccordance with the JORC Code 2012; and it is possible that following further evaluation and/or exploration work that the confidence in the prior reported Exploration Results may be reduced when reported under the JORC Code2012. Nothing has come to the attention of Anson that causes it to question the accuracy or reliability of the former owner’s Exploration Results. Anson has not independently validated the former owner’s Exploration Results andtherefore is not to be regarded as reporting, adopting or endorsing those results.

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Corporate Overview

Top Shareholders(Total shareholders 1955)

Zhongfan Group 5.86%

B Richardson 5.81%

G Knox 3.62%

M Klein 2.76%

B McLeod 2.40%

Li Xiao 1.93%

S Apedaile 1.88%

108 Million options – exercise price 2.5 cents – on or before August 2018

Anson Research: 29 Nov 2017

Capital Structure

ASX: ASN 3

Shares on Issue 341M

Share Price 9.9 cents

Options on Issue 108M

Market Capitalisation $33.75M

Net Cash and Quoted Equities $1.6M

Shareholding Dashboard

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ASX: ASN 4

Directors

Peter (Greg) Knox B.Sc. (Geology) –

Non Executive Director

▪ Mr Knox is a qualified geologist with over

30 years of experience in exploration,

mine development and mining operations

▪ He has worked on projects from grass-

roots exploration through to mine

development and production

Bruce McLeod, B.Sc. (Maths), M.Com (Econ) - Non Exec Chairman

▪ Experienced public company director

▪ >25 years experience in the Australian capital markets

▪ Corporate funding experience in resources and property industries

▪ Extensive experience in the takeover and rationalisation of companies

Bruce Richardson, B.A (Hons) -Managing Director

▪ Proven track record of 9 years in exploration, mining and production in public and private companies

▪ >30 years of international business experience, particularly China

▪ In the past few years has raised over

$170 million dollars of investment in mining projects

ASX: ASN 5

Paradox Brine Project – Overview

Source: UDS open file data

Well/ppm Li Br B I Mg

Long Canyon 1 500 6,100 n/a 300 21,000

White Cloud No.2 1,700 2,500 20,000 450 43,600

Big Flat Unit 2 173 1,150 2,922 47,789

▪ 508 placer claims with an area of 4,091 hectares

▪ Long Canyon No. 1 operating well with knownbrine value of 500ppm from Clastic Zone 31 at6,013 feet (120 metres from claims)

▪ White Cloud No. 2 with known brine value of1,700ppm from Clastic Zone 31 at 6,015 feet(270 metres from Long Canyon No.1)

▪ 8.9 km strike length along Robert’s Rupture within the Paradox Basin

Known historical assay results outside the project area

ASX: ASN 6

The Four Corners - A New Lithium Province

▪ Multiple exploration companies in the 4 corners “New Lithium Province”:

▪ Voltaic Minerals▪ MGX▪ American potash▪ Liberty One▪ US Cobalt▪ Power Metals▪ Standard Lithium

▪ Anson strategically located in the deepest part of the Paradox Basin

▪ Brines known to exist throughout the Paradox Basin which covers an area 33,000 square miles (85,470km2)

ASX: ASN 7

Four Corners Lithium Explorers

Company Acres Target

Anson Resources 10,106 Li Brines

Liberty One 4,480 Li Brines

Voltaic Metals 4,160 Li Brines

US Cobalt 2,220 Li Brines

Power Metals NK Li Brines

American Potash NK Li, Potash

MGX 118,000 Li/Oil Brines

Utah

ASX: ASN 8

New MexicoArizona

Colorado

Paradox Brine Project – Advantages

Historic Data:

▪ Extensive database available

▪ Historic seismic data

▪ Local drill hole data

▪ Existing historical wells

▪ High grade under explored brines

▪ Suitable infrastructure in place

Location:

▪ Tesla Gigafactory 11 hr drive

▪ 15km west of Moab

▪ 4km northwest of an operating potash mine

Tesla Gigafactory

ASX: ASN 9

Paradox Brine Project – Infrastructure

▪ Close proximity to key infrastructure:

▪ Interstate Highway

▪ Railway

▪ Power Line

▪ Gas Line

ASX: ASN 10

Paradox Basin

▪ A large Pennsylvanian-age marine basin

▪ Basin includes a thick series of marine

evaporite deposits that define the

Paradox Formation:

▪ Comprised of up to 29 salt-evaporite

sequences separated by intervening clastic

beds

▪ The clastic layers can be porous and

permeable:

▪ Function as brine aquifer host beds

▪ Super-saturated brines flowed to surface

(artesian flow)

▪ Lithium-rich brines have previously been

sampled in the area

Long Canyon #1 Geophysical Logs: Geology & Brine Horizons

ASX: ASN 11

Paradox Brine Exploration

Exploration:

▪ Drill-test and evaluate super saturated brines:

▪ Determine concentrations of specific brine aquifers

▪ Test for Li, B, Br & I

Development:

▪ Determine brine geochemistry and aquifer parameters

▪ Flow rates, recharge rates, porosity and permeability

▪ Identify via exploration well drilling

Production:

▪ Develop brine extraction wells

ASX: ASN 12

Peer Project Comparison – ppm values

Source: Canaccord Genuity research

1700

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1400

340

200 200 160 1600

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1400

1600

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Paradox Basin (Utah) (WC#2)

Atacama (Chile) Bonnie Claire (Nevada)

Calyton Valley (Nevada)

Uyuni (Bolivia) Big Smokey Valley (Nevada)

Hombre Muerto (Argentina)

pp

m v

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esPeer Project Comparison – Highest ppm Values

Historic Lithium Grades

ASX: ASN 14

Well Clastic Zone 31 Li level

Big Flat Unit 2 173 ppm

Long Canyon 1 500 ppm

White Cloud 1700 ppm

Average grade 791 ppm

Average thickness 25 Y.

Well Clastic Zone 17 Li level

Superior Oil 339 ppm

Pure Oil 1 134 ppm

Average grade 237 ppm

Average thickness 35 Y.

Paradox Brine Project – Characteristics

Robert’s Rupture’s Significance:

▪ Caused fracturing of rock formations to over 7,000 Y in depth

▪ Increases permeability and porosity

▪ Promotes fluid mobility

▪ Fracture and alteration is visible at surface

Simplified Stratigraphic Sequence

ASX: ASN 15

Depth:

▪ Claim areas are over the deepest part of the Paradox Basin

▪ Brines concentrate in the deepest part of the Clastic Zone 31

High Pressure:

▪ Highly pressurized (4,953psi), approximately double expected pressure at this depth

▪ Mineralized brine at the main target zone (Clastic 31) is expected to flow freely

Temperature:

▪ Temperature increases in line with depth

▪ The unique pressurized brine rises to the surface already heated to 600C (1400F)

▪ Usually expected 400C (1000F)

Paradox Brine Project – Geophysics

Geophysics showing structures and contour depths of Clastic Zone 31

ASX: ASN 16

Paradox Brine Project – SW-NE Cross Section

▪ Clastic Zone 31 is the main target horizon (bold red line)▪ Cross section shows the location of Anson’s re-entry and the Long Canyon No.1 well with 500ppm and other strategic targets▪ Clastic Zones 17, 19, 21 & 29 have previously recorded brine flows (red lines)

Anson Re-Entry Gold Bar 2

ASX: ASN 17

Clastic Zone 31 Cuttings - Geological Summary

Depth of Intersection (feet) Comments

7050 – 7060 Salt with 5% anhydrite

7060 – 7070 50% anhydrite, 20% dolomite, 30% black shale and siltstone, probable top of Clastic #31

7070 – 7080 60% anhydrite, 30% black shale and siltstone, 10% salt, Clastic #31? (small, poor sample)

7080 – 7090 60% anhydrite, 30% black shale and siltstone, 10% salt, Clastic #31? (small, poor sample)

7090 – 7100 Light pinkish-brown salt with 10% anhydrite

ASX: ASN 18

Drill cuttings from Gold Bar Unit 2 – Clastic Zone 31 interval

▪ Gold Bar Unit 2 cuttings:

▪ Obtained from US geological Survey Core Research Centre

▪ QAQC checks carried out to confirm correct intervals

▪ Samples must be “lagged” to match interval from electric logs

▪ Lithology of the cuttings are shown in tablebelow

Clastic Zone Petrographic Work

▪ Clastic Zone 31:

▪ Dark brown, organic rich laminated fragments

▪ Scattered vugs filled with anhydrite or silica,

▪ Micritic limestone fragments

▪ Dolomitic and anhydrite-rich fragments

▪ The porosity (P) developed when the dolomite (D) replaced organic-rich micrite (M) and gypsum

▪ Clastic Zone 29:

▪ Similar lithology to Clastic Zone 31

▪ More organic rich fragments

▪ Higher porosity

Thin section

ASX: ASN 19

PPL, 100*

Gold Bar Unit 2 Re-entry Plan

▪ BLM approval to Gold Bar Unit 2 granted in November 2017

▪ December 2017 - make over rig to be used to re-enter the well and take brine samples for testing for lithium and other minerals

▪ Li, B, Br, I, Mg

▪ Gold Bar Unit 2 well drilled for oil to a depth of 9,682 feet

▪ Clastic 31 intersected at 7,080 feet

▪ Brines was recorded but not assayed

▪ Additional brines from several clastic levels to be sampled

▪ Clastic Zones 17, 19 & 29

ASX: ASN 20

Drilling Program – Re-entry

Well Design completed by SRK:

▪ Drill hole design of completed Gold Bar #2 (incorporates):

▪ Total well depth

▪ Production casing and tubing size requirements

▪ Expected bottom hole pressure and associated

casing design and BOP requirements

▪ Bit and motor hydraulics

▪ Drilling mud and mud system requirements

▪ Potential lost circulation zones

▪ Drilling rig requirements (including air drilling, as

warranted)

ASX: ASN 21

Drilling Program – Multiple Clastic Zones to Sample

▪ Drill each cement plug

▪ Pressure test casing

▪ Run casing inspection log

▪ Circulate casing scraper to clean casing

▪ Insert packer

▪ Perforate casing at desired depth:

▪ Sample bottom to top:

▪ 7080 Clastic Zone 31

▪ 7020 Clastic Zone 29▪ 6334 Clastic Zone 19▪ 6205 Clastic Zone 17

ASX: ASN 22

Upcoming Events

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Clastic Zone Depth (ft) Thickness (ft) Comment

3 4560 110.5

5 4930 76.5

7 5170 67.25

9 5410 34.75

11 5600 74.5

13 5968 19

15 6090 5.5

17 6205 35.25 Confirmed Supesaturated Brine

19 6334 34.5 Confirmed Supesaturated Brine

21 6580 55.5

23 6680 15.25

25 6720 25

27 6870 19.75

29 7020 14.75 Confirmed Supesaturated Brine

31 7080 24.5 Main Target Zone

33 7270 10.5

35 7320 6

37 7598 8.75

39 7830 40

41 8018 25

43 8266 82.25 Confirmed Supesaturated Brine

45 8370 16.75

47 8440 8.33

49 8560 8.33

▪ BLM approval granted in November to Gold Bar unit 2

▪ Drilling to commence in December

▪ Brine sampling in January

▪ Sampling from Clastic zones 17, 19, 29 and 31

▪ Assaying of samples in certified lab Western Environmental Test Laboratory in Nevada

▪ Bulk sample sent to Outotec in Finland for benchtop testing

Future Drilling Program 2018

▪ Additional future drill targets already planned for 2018 program.

▪ 4 sites selected:

▪ All closer to Roberts Rupture

▪ No access issues

▪ Surveys completed on all sites

▪ Cultural

▪ Biological

▪ Paleontological

▪ Further targets in additional claims being assessed

ASX: ASN 24

Future Drilling Program 2018

Work already completed:

▪ Drilling permit survey completed

▪ Drilling design plans for new wells completed

▪ Down-hole sampling program protocol completed

▪ Drill rigs already in the Moab area reducing mob/demob costs

ASX: ASN 25

Paradox Brine Project – Fast Track To Product

Stage 1Drilling program

Stage 2New drill targets

Stage 3

Lab based metallurgical test

work

Stage 4In-field Pilot Plant

ASX: ASN 26

Metallurgical Test Work, Plant Development and New Drill Target Plan Estimates

Paradox Brine Project - On Track to Product Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Sep-18 Dec-18 Jan-18 Jun-19

Stage 1

Permit process for GB2 well re-entry ✓ ✓ ✓

Drilling process mobilise and commence, GB2 well re-entry

Brine sample assays and transportation to test lab

Stage 2

New target drill hole program ✓

Define JORC

Pre-Feasibility for production facility

Stage 3

Brine test work lab based pilot plant

Lithium carbonate product qualification test commence

Stage 4

In-field pilot plant design and construction

Commissioning

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Market Cap in US (AUD$ Millions)

Lithium Brine Peers – Market Capitalisation Upside

Source: Anson Research 29 Nov 2017

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ASX: ASN 27

Market Cap outside of US (AUD$ Millions)

Additional Projects – Western Australia

▪ Ajana – Graphite & Base Metals:

▪ Lead Resource just upgraded to JORC 2012

▪ Base metals and graphite:

▪ 31 VTEM targets to test

▪ Soil anomalies throughout project area to be tested

▪ 470km north of Perth

▪ Hooley Well Nickel & Cobalt:

▪ Lateritic Ni-Co-Cr deposit:

▪ Cobalt mineralisation over an area of 1.5km * 0.8km

▪ HAC004, 4m @ 1.41% Ni, 0.11% Co & 1.99% Cr

▪ Possible primary nickel sulphides (identified by IP response)

▪ 720km north of Perth

ASX: ASN 28

Paradox Basin Project

ASX: ASN 29

Thank You

Contact Details

ASX: ASN 30

Bruce Richardson Managing Director

E:brichardson@ansonresources.com T:+61 8 9226 0299

W:www.ansonresources.com twitter.com/anson_irLinkedin.https://www.linkedin.com/company/13357337/