Annual General Meeting31st October 2019

Century Zinc Mine Processing Plant

ASX: NCZ

CautionaryStatement

New Century Resources believes that the production target, forecast financial information derived from that target and other forward looking statements included in this presentation are based on reasonable grounds. However, neitherthe Company nor any other person, including Sedgman Pty Ltd makes or gives any representation, assurance or guarantee that the production target or expected outcomes reflected in this announcement in relation to the productiontarget will ultimately be achieved.

Investors should note that the Company believes the commodity prices, AUD:USD exchange rate and other variables that have been assumed to estimate the potential revenues, cash flows and other financial information are based onreasonable grounds as at the date of this presentation. However, actual commodity prices, exchange rates and other variables may differ materially over the contemplated mine life and, accordingly, the potential revenue, cash flowfigures and other financial information provided in discussions set out in this announcement should be considered as an estimate only that may differ materially from actual results. Accordingly, the Company cautions investors fromrelying on the forecast information in this announcement and investors should not make any investment decisions based solely on the results.

A number of key steps need to be completed in order to bring the Century Zinc Mine to full scale production. Many of those steps are referred to in this presentation and previously released Restart Feasibility Study announcement.Investors should note that if there are any delays associated with completing those steps, or completion of the steps does not yield the expected results, the revenue and cash flow figures may differ materially from actual results.

To achieve the range of outcomes indicated in this presentation, additional funding in the order of A$63 million will likely be required to achieve full production above the initial A$50 million capital outlay to bring the project into initialproduction. While the Company has significant cash reserves and anticipated cashflows from operations, investors should note there is no certainty that the Company will be able to raise any additional funding if needed. It is also possiblethat such funding may only be available on terms that may be dilutive to or otherwise affect the value of the Company’s existing shares.

Certain statements contained in this presentation constitute forward looking statements. Forward looking information often relate to statements concerning New Century Resources’ future outlook and anticipated events or results and, insome cases can be identified by terminology such as “may”, “will”, “could”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “projects”, “predict”, “potential”, “continue” or other similar expressions concerningmatters that are not historical facts. Statements of historical fact are not considered forward looking information.

Forward looking statements are based on a number of material factors and assumptions, including, but not limited in any manner to, those disclosed in results; the ability to explore; communications with local stakeholders and communityand government relations; status of negotiations of joint ventures; weather conditions; Ore Reserves; Mineral Resources; the development approach and schedule; the receipt of required approvals, titles, licenses and permits; sufficientworking capital to develop and operate the mines and implement development plans; access to adequate services and supplies; foreign currency exchange rates; access to capital markets; availability of qualified work force; ability tonegotiate, finalise and execute relevant agreements; lack of social opposition to mines or facilities; lack of legal challenges with respect to the property; the timing and amount of future production and ability to meet production, operatingand capital cost expenditure targets; timing and ability to produce studies and analysis; execution of the credit facility; ability to draw under the credit facility and satisfy conditions precedent including execution of security andconstruction documents; economic conditions; availability of sufficient funding; the ultimate ability to mine, process and sell the mineral products produced; the timing, exploration, development, operational, financial, budgetary,economic, legal, social and political factors that may influence future events or operating conditions. Forward looking statement are only predictions based on New Century Resources’ current expectations and projections of future events.Actual results may vary from such forward looking information for a variety of reasons.

Forecast financial information provided in this presentation is based on the Restart Feasibility Study. The Company is of the view it has reasonable grounds for providing the forward looking statements included in this presentation.However, the Company cautions that there is no certainty that the forecast financial information derived from the production targets will be realised. The Company confirms that all material assumptions underpinning the productiontarget and forecast financial information contained in the Company’s ASX Announcements on 28 November 2017 and 15 January 2018 continue to apply and have not materially changed.

Other than required by law, New Century Resources assumes no obligation to update any forward looking information to reflect, among other things, new information or future events.

2

ASX: NCZ

InvestmentHighlights

3

Company Overview

• ASX300 Listed

• Established top 15 zinc producer

• Fully permitted and operatorial mine & logistics infrastructure (concentrate pipeline, port & ship)

• Ramp up to 12Mtpa operations over FY20 remains on schedule and budget

Production

• MINING: Three cannons online, producing at 8-9Mtpa

• RECOVERY: September 2019 av. 52% recovery

• PRODUCTION: Consistent increase in zinc metal production, ~30% q-on-q for 12 months

• SHIPPING: 17 shipments to date to 7 different smelters on 3 different continents

Guidance

• Achieved September Q guidance: 26,171t zinc at C1 costs of US$0.99/lb

• Month of September results (step change in performance): 10,013t zinc at C1 cost of US$0.90/lb

• Maintaining December 2019 Q guidance: 27,000t – 33,000t zinc at C1 costs of US$0.87 –$0.98/lb

ASX: NCZ

CorporateOverview

4

BOARD & MANAGEMENTCAPITAL STRUCTURE

Chairman Rob McDonald

Managing Director Patrick Walta

Non-Executive Directors

Nick Cernotta

Peter Watson

Evan Cranston

Company Secretary Oonagh Malone

COO Barry Harris

CFO Mark Chamberlain

CBDO John Carr

Shares on Issue 637M

Unlisted Options (range A$0.25 - A$1.99, av. price A$0.45/sh)

117M

Market Capitalisation(at A$0.37/sh)

A$235M

Cash & Debtcash & receivables#

working cap. facility (100% drawn)

A$53MA$60M

# Cash & receivables as at 30 September 2019 comprising $45M in cash and $8M in fully contracted zinc concentrate awaiting shipment

ASX: NCZ

Strategic Regional Infrastructure- Processing & Transport

5

Century infrastructure 100% owned, fully permitted & operational

MINE SITE INFRASTRUCTURE• World class flotation processing plant • 700 person mining camp & support facilities

LOGISTICS INFRASTRUCTURE• 304km underground slurry pipeline• Dedicated bulk cargo port facility & transhipment vessel

Century infrastructure is the only economic route for transport of bulk concentrates in the far NW QLD

• Opportunity for regional deposits development

• Significant regional exploration potential

• Substantial resources within 100km already identified

ASX: NCZ

Community Engagement Highlights

6

Providing training and development opportunities for local Aboriginal people

NEW CENTURY COMMUNITY PROGRAMS UNDERWAY

Mornington Island Community Literacy Program:

• New Century funded full time teachers aid providing extra one-on-one lessons on top of normal daily classroom reading (55 students)

• Prep to year 2: 100% improvement in student sound awareness

• Years 3 to 10: 95% improvement in student reading age

Kapani Warrior Program:

• Kapani Warrior Program addresses indigenous domestic violence, with New Century funding the Program setup in Doomadgee township

• Includes army training, community engagement & team work initiatives (school visits, mentoring roles, leadership training, army base visits)

• 11 program participants from Doomadgee successfully admitted into the 51st Battalion (including paid employment)

Cowboys House Mentor:

• Cowboys House provides supported accommodation for disadvantaged indigenous youth to access secondary education in Townsville

• New Century established ‘Sporting fund’ with former Nth QLD Cowboy Antonio Winterstein appointed to role of mentor

• Remote community school holiday program now facilitated by Antonio, aiding increased retention of students at school

• 28 boys and 10 girls from the Gulf currently enrolled at the Cowboys House

• A$1.8M per annum committed for development, training & employment of local Aboriginal people• New Century delivering on community identified needs (not simply mine-focused training)

CENTURY RAMP UP PERFORMANCE OVERVIEW

26ktzinc metal produced for the Sep. Q (inc. 10kt in month of

Sep)

28%quarter-on-quarter metal

increase

$0.99USD per pound payable zinc C1 cost for Sep. Q (inc. $0.90/lb in

month of Sep)

19%quarter-on-quarter cost

reduction

September 2019 Quarter Performance

ASX: NCZ

Century Production Ramp Up Progress

8

Achieved September quarter production guidance: 26,171t zinc metal

0.0

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30,000

35,000

Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY20*

Annu

alise

d M

inin

g Ra

te (M

tpa)

Zinc

Met

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rodu

ctio

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)

Zinc Metal Production Annualised Mining Rate (Mtpa)

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Zinc

Rec

over

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)

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Av. Daily Zn Metal Production (t) Zinc Recovery (%)

• Strong zinc recovery growth, with a step change in August 2019 since upgrading the cleaner circuit

• September 2019 average recovery of 52%, with consistent weekly recoveries >50% since the cleaner upgrade

• December 2019 quarter production guidance 27,000t – 33,000t zinc metal

^ October 2019 estimated to the end of month based on performance to date* Q2 FY20 guidance based on scheduled ramp up process

Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20

Average of 30% quarter-on-quarter metal production

increase over last 12 months

58% increase of average daily metal production rate since

May 2019

ASX: NCZ

Driving Costs Lower

9

Achieved September quarter cost guidance: US$0.99/lb payable metal including TCs

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0.75

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1.25

1.50

1.75

Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY20

US$

/lb

TC Component of C1 C1 Costs Zinc Price

• Ramp up in metal production rate continues to drive C1 cost reduction (leveraging site costs - 70% fixed)

• Potential for further C1 cost reduction via TCs progressing back toward the 10 year average over time

• December 2019 quarter C1 cost guidance between US$0.87/lb – US$0.98/lb payable zinc (including TCs)

# C1 Costs defined as direct cash operating cost, net of any by-product credits. Direct cash operating costs include all mining and processing costs, mine site overheads and realisation costs (including transport costs, treatment and refining costs and smelter recovery deductions) through to refined metal. Payable metal basis.^ Q2 FY20 guidance based on scheduled ramp up process. Consensus Economics data used for zinc price projection (average of 28 investment bank projections).

$0

$50

$100

$150

$200

$250

$300

TC p

er to

nne

of c

once

ntra

te (U

S$)

Spot Treatment Charges

Spot TC Av. Spot TC

Av. 10 yr spot TC US$130/t

Spot TCs remain at 10 year highs, expected to trend down with increasing Chinese smelter

production

Source: Wood Mackenzie & Internal Company data October 2019

LOM C1 Cost Target

Average of 15% quarter-on-quarter decrease in C1 costs over last 12 months

(despite increasing TCs)

ASX: NCZ

Focused on Improved Operational Performance

10

Ramping up to 9Mtpa then focused on optimising recovery performance via the cleaner and circuit upgrades

ASX: NCZ

Focused on Improved Operational Performance

11

Targeting continued recovery optimisation and ramp up to 9Mtpa for 2019 & 12Mtpa ramp up in early 2020

• Progressively bringing entire plant capacity online over FY20• Two ramp up milestone achieved: cleaner and scavenger circuit upgrades delivered on schedule and budget• Continued improvement in recovery, throughput & concentrate quality during 2019 through cleaner & scavenger optimisation• Rougher circuit expansion remains on schedule to come online in March 2020

Zn Roughers Zn Scavengers

Zn ScavengersBall

Mill

03

Ball

Mill

02

SAG

Mill

Zn Cleaner 1A

Zn Cleaner 1B

Zn Cleaner 2AZn Cleaner 3AZn Clnr 4A

Zn Cleaner 2BZn Cleaner 3BZn Clnr 4B

UFM

sOperational

To be Recommissioned

Legend:

Not under refurbishment

Stage 1: ONLINE (August 2019)Bringing Cleaner 2B online removes bottleneck for efficient 8-9Mtpa operations, 3B and 4B for 12Mtpa cleaner capacity (for future ramp up)

Stage 2: ONLINE (October 2019)Additional scavenger flotation capacity online for further increased recoveries and throughput

Zn Roughers

Stage 3: March 2020Commissioning 2nd rougher train allows expansion to 12Mtpa in conjunction with fourth mining cannon

Pathway to 12Mtpa:Processing Plant Overview

Hydraulic Mining OperationsThree cannons now online, only ~8% of the total ore body mined to date

1: Mining with three cannons

2: Screening & Pumping

3: Processing

Processing Plant OperationsCentury operations are now an established top 15 zinc producer

ASX: NCZ

Port & Shipping Operations

14

Century logistics have already completed 17 shipments to 3 continents and 7 different smelters

Reclaiming of Stockpiled Concentrate

Zinc Concentrate ExportsMV Wunma Transhipper

Karumba Port Facility

ASX: NCZ

Zinc Producer Comparison

15Based on Woodmac 2019 annualised forecast production (updated to Q2 2019) & Century’s annualised Century ramp up performance to date

Top Global Zinc Mines1 Red Dog Teck 547 kt

2 Rampura Agucha Hindustan Zinc 475 kt

3 Mt Isa Glencore 380 kt

4 Antamina BHP, Glencore, Teck, Mitsu. 320 kt

5 McArthur River Glencore 280 kt

6 San Cristobal Sumitomo Corporation 260 kt

7 Dugald River MMG 170 kt

8 Sindesar Khurd Vedanta 170 kt

9 Tara Boliden AB 145 kt

10 Vazante Nexa Resources 142 kt

11 Penasquito Newmont Goldcorp 140 kt

12 Gamsberg Vedanta 135 kt

13 Cerro Lindo Nexa Resources 128 kt

14 Bisha Zijin Mining 125 kt

15 Century New Century Resources 120 kt

Top Australian Zinc Mines1 Mt Isa Glencore 380 kt

2 McArthur River Glencore 280 kt

3 Dugald River MMG 170 kt

4 Century New Century Resources 120 kt

5 Rosebery MMG 90 kt

6 Broken Hill Perilya 77 kt

7 Cannington S32 60 kt

8 Mungana Denham Capital 50 kt

9 Golden Grove EMR Capital 40 kt

10 Jaguar Washington Soul Pattison 33 kt

11 Rasp Toho Zinc 30 kt

12 Mt Garnet Consolidated Tin Mines 26 kt

13 Thalanga Red River Resources 21 kt

14 Endeavor Toho Zinc 19 kt

15 Woodlawn Heron Resources 17 kt

ZINC MARKET OVERVIEW

ASX: NCZ

Zinc Demand Forecast: Consistent Consumption Growth

17

Forecast continued growing zinc metal demand

10 Year Zinc Outlook

• ~14,000,000t of zinc metal consumed in 2019

• ~50% of both metal production & consumption occurs in China

• Consumption dominated by Chinese living standard growth

• Global demand forecast to grow by 1.5% annually to 2020-2030

• 230,000t of additional new zinc production per annum required just to meet demand growth (supply attrition extra)

USA, 7%

India, 5%

Other (all <5%), 39%

China, 48%

ZincConsumption

by Country

Galvanizing, 60%

Other, 2%

Semi-Manufactured Products, 5%

Chemicals, 9%

Brass & Bronze Casting, 11%

Die-casting Alloys, 13%

ZincConsumption by First Use

Source: Wood Mackenzie, June 2019

ASX: NCZ

Zinc Metal Supply: No Stocks to Absorb Demand Increase

18

Zinc metal stocks at record lows –strong fundamentals with price subdued by sentiment

• Strong zinc metal fundamentals:

• Persistent annual metal deficits have driven metal stocks to record lows

• LME refined metal stocks at <60,000t (>1,000,000t 5 years ago)

• Perceived demand weakness keeping price down:

• Trade war

• Global growth concerns

• Unlike previous years, current zinc metal stocks are unable to absorb any future demand increase

ASX: NCZ

Zinc Concentrate Market: Questionable New Mine Supply

19

Consistent delays in major projects coming online –potential for progressive concentrate market tightness

10,000

11,000

12,000

13,000

14,000

15,000

16,000

17,000

2010 2015 2020 2025

SOURCES OF FUTURE MINE PRODUCTION

Probable New Projects

Existing Mine Production

Forecast Zinc Demandkt Zn

Source: Wood Mackenzie, July 2019 # Probable projects defined as in financing or bankable feasibility study development stage, excludes projects already under construction (already included in Existing Mine Production)* Tala Hamza zinc production recently revised down to 60ktpa

Economic ‘window’ for large scale new project financing & construction has passed

Historical Forecast

ForecastProbable# >100ktpaZinc Ops. Since 2017

Zinc Prod. (ktpa)

Est.Capex (USD)

Delay in scheduled mine start from 2017 estimate to 2019 estimate

2018 2019 2020 2021 2022 2023 2024

Century(New Century)

233 <$100M ONLINE

Kipushi(Ivanhoe)

225 $400M

Mehdiabad(Mobin Mining)

400 $1,000M

Citronen(Ironbark Zinc)

200 $500M

Tala Hamza(Terramin)

175* $350M

Dari(NFC)

130 $175M

Aznalcollar(Groupo Mexico)

100 $350M

Pavlovskoye(Rosatom)

150 $400M

Huoshaoyun(Xinjiang Zinc)

400 $1,500M

Selwyn(Chihong Zinc)

450 $1,900M

Ozernoe(Metropol)

350 $1,500M

TOTAL (ex Century)

2,580 $8,075M>US$8,000M investment required over next 5 years for

projects in DRC, Iran, Greenland, Russia, etc

Continued new project delays, new

supply highly unlikely

ASX: NCZ

Zinc Concentrate Supply: New Mines Take Time

20

Century infrastructure (sunk capital) was the key to successful fast tracking of production

1980 1985 1990 1995 2000 2005 2010 2015 2020

Red DogRampua Agucha

CayeliMcArthur River

CanningtonLisheenCentury

AntaminaMt Garnet

SkorpionDuck Pond

San CristobalCerro Lindo

JaguarRapu Rapu

PerseverancePenasquito

Campo MoradoAngas

PirquitasTerrafameWolverine

BolañosFresnillo Saucito

RaspLalor LakeAl Masane

Bracemac-McLeodEscobalPerkoa

BishaSilvertipSoremi

GuojiagouDugald River

GamsbergCentury Restart

Scoping work

Feasibility work

Construction

• Globally, zinc project permitting, financing & development timelines are increasing

• Delays in new mine production continue:• Gamsburg (20-year development)

• Dugald River (18-year development)

• Century (1-year development) is a truly unique value proposition for exposure to large scale zinc production

Zinc Mine Development Timelines (Average timeline from scoping study to operations)

All Zinc Projects Since 2000 9 Years

Current Top 10 Zinc Producers 13 Years

Century Restart 1 Year

Source: Wood Mackenzie, June 2018

IN-SITU DEPOSITS & EXPLORATION POTENTIAL

ASX: NCZ

Century Mineral Reserves & Resources

22

Century Mineral Reserves & Resources

CURRENT IN-SITU MINERAL RESOURCES9.4Mt at 10.7% Zn+Pb (6.1% Zn, 4.6% Pb & 65g/t Ag)

Tenement Map

ASX: NCZ

Expansion Study Summary

23

In-situ resources delivering up to A$422M in additional free cash flow above current tailings operations

Case 12Mtpa Tailings10Mtpa Tailings +

2Mtpa South Block & East Fault Block1

10Mtpa Tailings + 2Mtpa South Block &

East Fault Block + Silver King1

Life of Mine 7 years (completed mid-2026)

Ore Mined (Mt) 72.3 80.0 81.9

Open Pit Strip Ratio2 (kt) - 8.1 8.1

Zinc Metal Recovered (kt) 1,293 1,563 1,630

Lead Metal Recovered (kt) - 63 159

Silver Metal Recovered (kOz) 11,876 17,488 18,909

Zinc Conc. Produced (kt) 2,639 3,126 3,261

Lead Conc. Produced (kt) - 93 230

Technical Parameters (Life-of-Mine)

1. Tailings ramp up to 12Mtpa during FY2020 prior to ramp down to 10Mtpa on commencement of in-situ operations.2. Strip ratio for South Block and East Fault Block.3. Utilises annual Consensus Economics commodity pricing averaging LOM zinc (USD$2,650/t), lead (USD$2,165/t) and silver (USD$19/Oz). 0.73 USD:AUD used for FY20 and then 0.70 for every subsequent year. 4. Tailings economics based on the Restart Feasibility Study (Nov 2017), up to date actual operating cost data, with revised commodity, exchange rate and treatment charge assumptions as well as considering current depletion of the Ore Reserve and existing tailings ramp up progress.

Commercial Parameters3

Case8 12Mtpa Tailings4

10Mtpa Tailings + 2Mtpa South Block &

East Fault Block

10Mtpa Tailings + 2Mtpa South Block &

East Fault Block + Silver King

Net Smelter Revenue (A$M) 3,504 4,432 4,949

C1 Cost5 (US$/lb payable Zn) 0.56 0.55 0.50

Capex (A$M)6 40 95 137

Sustaining Capital (A$M)7 127

EBITDA (A$M) 1,704 2,102 2,404

Free Cash Flow after tax (A$M) 1,128 1,365 1,549

NPV8 (A$M) 879 1,024 1,146

Incremental IRR9 - 46% 80%

5. C1 is defined as direct cash operating costs produced, net of by-product credits, divided by the amount of payable zinc produced. Direct cash operating costs include all mining, processing, transport, treatment costs and smelter recovery deductions through to refined metal.6. Represents further capital requirements for tailings ramp-up and all capital requirements for in-situ development7. Net rehabilitation is expected to remain the same as increased disturbance for East Fault Block and Silver King are offset by savings through integrated mining and rehabilitation of the waste rock dumps.8. For further information, please see ASX Announcement released 25 June 2019.9. Incremental IRR on 12Mtpa tailings

ASX: NCZ

Mining & Production Profiles

24

Addition of in-situ resources extend strong zinc production profile and includes a new lead product

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Silver (as credit in Zn and Pb conc.)

At 10Mtpa tailings + 2Mtpa in-situ: • Zinc Production:

• 233ktpa zinc-in-concentrate (LOM av.) • Total zinc production 1,630kt

• Lead Production: • 29ktpa lead-in-concentrate (LOM av.)• Total lead production 159kt

• Silver Production: • Total silver production up to 18.9Moz in zinc

& lead concentrates

Mine Life Extension:• Similar metal production profile as original

15Mtpa tailings only case, now with mine life extension out to mid-2026

ASX: NCZ

Century Tailings & In-situ Economic Projections

25

Growing earnings profile –significant of tailings operational deriskingachieved

0.000.100.200.300.400.500.600.700.80

2020 2021 2022 2023 2024 2025 2026

C1 C

ost,

USD

$/lb

pay

able

Zn

Financial Year

Life-of-Mine C1 Cost

12Mtpa Tailings 10Mtpa Tailings + SB/EFB 10Mtpa Tailings + SB/EFB + SK

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EBITDATailings Operations:• Base case (12Mtpa tailings only) projected to generate strong EBITDA profile of

A$250M-A$300Mpa post ramp-up• Reducing C1 costs to a projected LOM average US$0.56/lb payable metal

In-situ Resource Development Upside: • A$422M in additional after tax free cash flow • A$268M in additional overall NPV (after tax)

Combined Tailings & In-situ Operations:• Combined ops have potential to generate >A$1,500M in after-tax free cash flow • Lowers average LOM C1 costs to a projected US$0.50/lb payable metal

Next Steps:• In-situ resource capex allocation remains contingent on completion of a BFS and

decision to mine • BFS expected by end of FY20 for South Block / East Fault Block• Capital schedule for in-situ expansion is anticipated to take place over 9-12 months

following the decision to mine

ASX: NCZ

Century Exploration Potential – Millennium Target

26

Targeting extensions of the original ore body to the north

Potential displaced portion

of the original orebody

Termite Range Fault

Nikkis Fault

Interpreted formation of

original orebodyOrebody structure prior to mining

operations

Mining Lease Program

• Reconstruction of the original Big Zincorebody (left) & orebody final form prior tomining operations (right)

• Includes a conceptual target slumpinglocation of the missing section (denoted by ayellow star)

• Reconnaissance drill hole locations with crater floor contours (left) and topographic map (right)

• Detailed modelling and interpretation of the results over the next quarter is anticipated to generate further targets with potential for dislocated Century blocks

• Early 2020 drill planning (post wet season) underway

ASX: NCZ

Summary New Century Value Proposition

27

Significant operational derisking since concentrate production began in September 2018

Zinc Production: None Zinc Production: >90,000t metal to date

Perceived Risks? Ability to develop Australia’s largest hydraulic mining ops

? Tailings deposit too fine to float

? Zinc concentrate slurry pipeline blocked and unusable for future operations

? Produced zinc concentrate unsalable to existing global smelter base

? Long term sustainable grid power

? Human resourcing for operational readiness

? Short mine life (only to 2024)

? Ability to attract board talent with strong project execution and operational mining experience

Deliverables Hydraulic mining ops developed & continuing ramp up

Results averaging 52% recovery in September 2019

>185,000t zinc concentrate to date produced & transported through the Century logistics infrastructure

100% of production sold, 17 shipments to 7 smelters across three continents

Long term power and gas supply secured

Competent operational team established

Mine life potential extended to 2026

Evolving board with highly credentialed independent new additions (Rob McDonald, Peter Watson & Nick Cernotta)

New Century is focused on completing its ramp up to 12Mtpa over FY20 and positioning itself to benefit from a tightening zinc market

OCTOBER 2019SEPTEMBER 2018

ASX: NCZ

JORC 2012 Compliant Reserves & Resources Statement

28

Competent Person Statement & ZnEq CalculationZnEq was calculated for each block of the Century Tailings Deposit from the estimated block grades. The ZnEq calculation takes into account, recoveries, payability (including transport and refining charges) and metal prices in generating a zinc equivalent value for each block grade for Ag and Zn. ZnEq = Zn%+ + Ag troy oz/t*0.002573. Metal prices used in the calculation are: Zn US$3,000/t, and Ag US$17.50/troy oz.The information in this announcement that relates to the Mineral Resources estimate on the Silver King Deposit and the East Fault Block Deposit was first reported by the Company in its prospectus released to ASX on 20 June 2017, and the South Block Deposit was first reported by the Company to the ASX on 15 January 2018. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and that all material assumptions and technical parameters underpinning the Mineral Resources estimates in the relevant original market announcements continue to apply and have not materially changed. The information in this announcement that relates to the Ore Reserve estimate at the Century Tailings Deposit was first reported by the Company in its ASX announcement titled "New Century Reports Outstanding Feasibility Results that Confirm a Highly Profitable, Large Scale Production and Low Cost Operation for the Century Mine Restart" dated 28 November 2017. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and that all material assumptions and technical parameters underpinning the estimates in the original market announcement continue to apply and have not materially changed.

Mineral Resources Tonnes (Mt)Grade Contained Metal

Zinc (%) Lead (%) Silver (g/t) Zinc (t) Lead (t) Silver (oz)

South Block(Indicated)

6.1 5.3 1.5 43 322,000 90,000 8,550,000

Silver King(Inferred)

2.7 6.9 12.5 120 186,000 337,500 10,500,000

East Fault Block(Indicated)

0.6 9.8 1.1 42 63,000 7,300 872,000

Total Mineral Resources 9.4 6.1 4.6 65 571,000 433,800 19,922,000

Ore Reserves Tonnes (Mt)Grade Contained Metal

ZnEq (%) Zinc (%) Silver (g/t) Zinc (t) Lead (t) Silver (oz)

Century Tailings(Proved Ore Reserve)

77.3 3.1 3.0 12 2,287,662 - 29,734,819

New Century Resources LimitedLevel 4, 360 Collins Street, Melbourne VIC 3000

+61 (3) 9070 3300 www.newcenturyresources.com

ContactPatrick WaltaManaging Directorinfo@newcenturyresources.com