“Regions Caesar never knew thy posterity shall sway”William Cowper

Investor Presentation 13th October 2016Clarke Dudley, Managing Director

Boadicea Resources Ltd (ASX: BOA)

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This presentation is not an offer for financial products in any jurisdiction or a financial product recommendation. The informationin this presentation is an overview and does not contain all information necessary for investment decisions. In making investmentdecisions in connection with any acquisition of financial products, investors should rely on their own examination of BoadiceaResources Ltd (“Boadicea Resources” or the “Company”) and consult with their own legal, tax, business and/or financial advisers.

The information contained in this presentation has been prepared in good faith by the Company. However, no representation orwarranty expressed or implied is made as to the accuracy, correctness, completeness or adequacy of any statements, estimates,opinions or other information contained in this presentation. To the maximum extent permitted by law, Boadicea Resources, itsdirectors, officers, employees and agents disclaim liability for any loss or damage which may be suffered by any person throughthe use or reliance on anything contained in or omitted in this presentation.

Certain information in this presentation refers to the intentions of Boadicea Resources, but these are not intended to be forecasts,forward looking statements or statements about future matters for the purposes of the Corporations Act or any other applicablelaw. The occurrence of events in the future are subject to risks, uncertainties and other factors that may cause the Company’sactual results, performance or achievements to differ from those referred to in this presentation. Accordingly, BoadiceaResources, its directors, officers, employees and agents do not give any assurance or guarantee that the occurrence of the eventsreferred to in this presentation will actually occur as contemplated.

Competent Persons Statement

The information in this Announcement that relates to Exploration Results was compiled by Mr Simon Rigby, who is a member ofthe Australian Institute of Geoscientists, and a part time consultant to Boadicea Resources Ltd. Mr Rigby has sufficient experiencewhich is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken toqualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results,Minerals Resources and Ore Reserves’. Mr Rigby consents to the inclusion in the Report of the matters based on his informationin the form and context in which it appears.

BOADICEA RESOURCES LTD

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DISCLAIMER

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HIGHLIGHTS (ASX: BOA)Quality Projects

• Four key 100% owned high quality projects in WA targeting nickel, copper, gold, PGE &mineral sands.

• Priority is the Symons Hill Project in the Fraser Range region, which is highly prospectivefor magmatic nickel-copper mineralisation as it adjoins and is on northeast geologicaltrend from the new Nova-Bollinger nickel-copper mine.

• Detailed gravity survey at Symons Hill has defined 13 targets with potential maficintrusives, the host rocks to Nova-Bollinger. Drill testing of an initial 7 of these targetscommenced in early October.

• Recent exploration activities at the Paraburdoo (PGE & Au) and Lake Nerramyne (Ni, Cu& PGE) Projects has identified targets warranting follow-up exploration.

• Significant exploration programs and news flow planned over next 6 months.

Revitalised Board

• Recent Board changes has resulted in the addition of a highly experienced geologist,Mr Jonathan Reynolds, as Technical Director.

Tight Capital Structure

• 45.8 million Ordinary Shares & $1.52m cash on hand (30 September 2016).

BOADICEA RESOURCES LTD

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Shares on Issue 45.8 m

Diluted Market Cap. (@ A$0.16/sh) A$7.3 m

Top 20 Shareholders 71.3%

Cash (30/09/2016) A$1.52 m

Debt Nil

Diluted Enterprise Value (@ A$0.16/sh) A$5.8 m

CORPORATE DETAILS (ASX: BOA)

BOADICEA RESOURCES LTD

BOARD

Clarke Dudley (CA) Managing Director

Jonathan Reynolds (BSc (Geology) MAusIMM) Technical Director

Eugene Odachowski (CA) Finance Director

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BOADICEA RESOURCES LTD

SYMONS HILL PROJECT

• Symons Hill acquired in March 2011, 12months before the Nova discovery.

• Since the Nova discovery the Fraser Rangeregion has become highly sought after;

• Windward Resources Limited acquirednearby licences in a $7.7m deal in July 2013.

• Sirius Resources acquired remaining 30% ofthe Nova licence for $233 million in May2014.

• Sirius Resources taken over by IndependenceGroup for $1.8 billion in 2015.

• Independence Group lodged $20m takeoverof Windward Resources in October 2016.

• Boadicea has advanced the Symons HillProject methodically, collecting andanalysing quality datasets and drill testingpriority targets as warranted.

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2015 Diamond Core Drilling At Red Cap EM Target

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Targets on residual Bouguer gravity image

BOADICEA RESOURCES LTD

SYMONS HILL PROJECT – DETAILED GRAVITY SURVEY

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Independence Group NL

Nova-Bollinger

Priority 1 Target

Priority 2 Target

Boadicea Resources

• Completed high resolution gravity surveyacross Symons Hill has identified multiplepotential mafic/ultramafic intrusivebodies warranting further investigation.

• Total of 13 targets delineated including 6priority 1 targets.

• High priority targets elevated due toposition along trend from Nova and/or acombination of magnetic and gravitysignatures.

M28/376 Is Not An Asset Of Boadicea Resources

Boadicea Targets on residual Bouguer gravity image, Nova gravityimage of The Eye sourced from SIR ASX Announcement 23 May2013 6

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BOADICEA RESOURCES LTD

SYMONS HILL PROJECT – PLANNED EXPLORATION

October, 20167

• Required Aboriginal Heritage survey oversouthern 7 gravity targets completedduring August without issue. Boadicea cannow advance exploration as rapidly aswarranted.

• Follow-up aircore drill testing of southerngravity targets to confirm favourablegeology and/or geochemistry commencedin early October.

• Drilling program will comprise up to6,000m of drilling, take ~3 weeks tocomplete and cost ~$150,000.

Heritage Survey Team – August 2016

Southern Gravity Targets

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PARABURDOO PROJECT

• Granted 221km2 Exploration Licencelocated 25 km west of Paraburdoo.

• Prospective for gold, nickel andplatinum group elements (PGE).

• Initial broad spaced (400m x 200m)soil geochemical sampling programmedesigned to follow-up stream sedimentanomalies generated in 2015 hasdefined a 2.5km x 2.5km area ofencouraging platinum – palladiumanomalism at the Hope CreekProspect.

• Some gold anomalism has also beendefined but sampling has beenaffected by apparent coarse/nuggettygold which has caused issues withresult repeatability. Further fieldfollow-up is required.

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PARABURDOO PROJECT – HOPE CREEK PROSPECT

• Coherent and coincident modesttenor anomaly peaks at 126ppb Pdand 37ppb Pt, which is consideredencouraging especially given thevery broad sample spacing.

• Prospect scale mapping is yet to becompleted, but based on theavailable regional scale GSWAmapping, the anomaly isassociated with mafic andultramafic (Komatiitic) Archaeanage rocks of the Pyradie Formationwhich forms part of the FortescueGroup.

• Follow-up programme planning,including further soil geochemistryand geological mapping isunderway.

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LAKE NERRAMYNE PROJECT

• Granted 164 km2 Exploration Licencelocated 160km northeast ofGeraldton.

• Early stage project prospective forcopper, nickel, platinum groupelements (PGE) and attapulgite.

• Initial soil sampling programmereturned favourable geochemistrysupporting the interpreted potentialfor a layered mafic intrusive complexprospective for PGE and nickel –copper mineralisation.

• Follow-up programme planning,including further soil geochemistryand geological mapping is underway.

• Application for additionalExploration Licence made to coverfurther interpreted mafic bodies

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EDGAR RANGE PROJECT

• Granted 650 km2 Exploration Licencelocated 125km southeast of Broome.

• Licence was applied for in January2015 and only recently granted by theDMP.

• Early stage project prospective forheavy mineral sands (HMS) within theemerging Canning Basin mineral sandsprovince.

• Sheffield Resources world classThunderbird HMS project is located110km to the north.

• Adjoins Iluka Resources extensiveCanning Basin mineral sands project.

• Exploration program planning currentlyunderway.

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Calypso Project

• Gold Project 22 km east of Leonora.

• Granted Prospecting Licences.

• Extensive data base from past explorers, BHP,North Ltd.

• Detailed project evaluation in progress.

Wheatley Project

• Lithium & gold project 25km south ofGreenbushes.

• Exploration Licence Application pendinggrant by the DMP.

BOADICEA RESOURCES LTD

OTHER PROJECTS

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Western Australia

Symons Hill

Edgar Range

Paraburdoo

Calypso

Wheatley

Lake Nerramyne

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• Symons Hill is arguably the most prospective nickel exploration licence in WesternAustralia;

• Recently completed gravity survey has delineated 13 targets warranting furtherinvestigation. Drill testing of an initial 7 of these targets, located along geologicalstrike within 4 to 9km of Nova-Bollinger, commenced in early October.

• Drilling program will comprise up to 6,000m of aircore drilling, take ~3 weeks tocomplete with results expected within 4 weeks after completion.

• Paraburdoo and Lake Nerramyne Projects returning encouraging early results. Follow-up exploration being planned.

• New Edgar Range Project located in exciting new heavy mineral sands province.Exploration program planning underway.

• Fully funded to complete currently planned follow-up work: $1.52 million cash, no debt.

• Tightly held capital structure – good leverage to exploration success.

• Experienced & success orientated board of Directors.

BOADICEA RESOURCES LTD

WHY INVEST IN BOADICEA?

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