Rathdowney Resources Ltd. · 2016. 4. 24. · Rathdowney owns 100% of Project Olza in the Silesian MVT District, Poland Exciting Zinc-Lead project with considerable resource expansion

An Exciting Zinc Development OpportunityRathdowney Resources Ltd.

Corporate PresentationFebruary 2016

TSXV: RTH

February 2016 Page 2

Cautionary & Forward Looking InformationThis presentation includes certain statements that may be deemed "forward-looking statements". All information contained in this presentation relating to thecontents of the Preliminary Economic Assessment (PEA) of the Olza zinc-lead project (Project Olza) in Poland, including but not limited to statements of theProject Olza's potential and information are "forward looking statements". Although Rathdowney (RTH) 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 maydiffer materially from those in the forward-looking statements. Assumptions used by RTH to develop forward-looking statements include the following: ProjectOlza will obtain all required environmental and other permits and all land use and other licenses, studies and development of the Project Olza will continue to bepositive, and no geological or technical problems will occur. Additional information on assumptions for the PEA is available in the Technical Report.

The PEA was prepared to broadly quantify the project's capital and operating cost parameters and to provide guidance on the type and scale of future projectengineering and development work that will be needed to ultimately define the project's likelihood of feasibility and optimal production rate. The following arethe principal risk factors and uncertainties which, in management's opinion, are likely to most directly affect the conclusions of the PEA and the ultimatefeasibility of the project. The PEA is based on the inferred resources estimated by Hunter Dickinson Services Inc. (HDSI) and audited by SRK Consulting (UK)Ltd (SRK). Additional exploration, process tests and other engineering and geological work will be required to estimate indicated or measured mineral resourcesat Project Olza and if an economically exploitable reserve can be established. Final feasibility work has not been completed to confirm the underground design,mining methods, and processing methods assumed in the PEA. Final feasibility could determine that the assumed underground design, mining methods, andprocessing methods are not correct. Construction and operation of the mine and processing facilities depends on securing environmental and other permits on atimely basis. No permits have been applied for and there can be no assurance that required permits can be secured or secured on a timely basis. Data isincomplete and cost estimates have been developed in part based on the expertise of the individuals participating in the preparation of the PEA and on costs atprojects believed to be comparable, and not based on firm price quotes. Costs, including design, procurement, construction, and on-going operating costs andmetal recoveries could be materially different from those contained in the PEA. There can be no assurance that mining can be conducted at the rates and gradesassumed in the PEA. Energy risks include the potential for significant increases in the cost of fuel and electricity. The PEA assumes specified, long-term priceslevels for zinc and lead. Prices for these commodities are historically volatile, and RTH has no control of or influence on those prices, all of which aredetermined in international markets. Prices for zinc and lead have been below the price ranges assumed in PEA at times during the past ten years, and forextended periods of time. There can be no assurance that the prices of these commodities will continue at current levels or that they will not decline below theprices assumed in the PEA. The project will require major financing, probably a combination of debt and equity financing. Interest rates are at historically lowlevels. There can be no assurance that debt and/or equity financing will be available on acceptable terms. A significant increase in costs of capital couldmaterially and adversely affect the value and feasibility of constructing the project. Other general risks include continuity of mineralization, those ordinary tolarge construction projects including the general uncertainties inherent in engineering and construction cost, the need to comply with generally increasingenvironmental obligations, and accommodation of local and community concerns, potential environmental issues or liabilities associated with exploration,development and mining activities, exploitation and exploration successes, delays due to third party opposition, and changes in government policies regardingmining and natural resource exploration and exploitation. RTH is also subject to the specific risks inherent in the mining business, as well as general economicand business conditions. For more information on RTH, investors should review RTH’s filings that are available at www.sedar.com.

Technical information in this presentation has been reviewed and approved by David Copeland, PEng, a qualified person who is not independent of RTH.


Investment Highlights:

Rathdowney owns 100% of Project Olza in the Silesian MVT District, Poland

Exciting Zinc-Lead project with considerable resource expansion potential

Poland – stable jurisdiction – well-codified mining tradition

Robust project economics – PEA published December 2014

Experienced management team

An important new mine development in a tightening Zinc market

1 Source: www.tradingeconomics.com

Rathdowney StrengthsAn Exciting Zinc Development Opportunity


8th largest economy in the European Union (EU)

Industrial base – coal, textile, chemical, machinery, iron and steel sectors

Well established mining industry with a long history of operating mines

Mining the Silesian District since the 12th Century

Recent expansion into other sectors – fertilizers, petrochemicals, machine tools,

electrical machinery, electronics, cars and shipbuilding

Only country in the EU to avoid a recession through the 2008-2009 economic

downturn

38-million consumer market is one of the biggest in Europe

Current growth rate forecast at 3.3%Source: www.tradingeconomics.com

Rathdowney StrengthsPoland – A Great Place to Be


Rathdowney StrengthsPoland – A Great Place to Be (Continued)

Zn-Pb mining in Poland since the 12th century

Clear, concise and legislated process to obtain a mining extraction license

Highly skilled mining workforce in Poland

Keen interest for clean concentrate from off-take groups and smelters


100% ownership of three exploration concessions in the world’s most prolific Zinc-Lead district

Upper Silesia Mining District, area of world-class Mississippi Valley Type Zinc-Lead deposits1

Under-explored for 30 years prior to Rathdowney’s work

Rathdowney StrengthsGeologic Setting – An Ability to Deliver

1USGS Open-File Report 2009-1297.

US ET TS VT OLB CT PP UMV AI ME

Upper SilesiaEast TennesseeTri-StateViburnum TrendOld Lead BeltCentral TennesseePine PointUpper Mississippi ValleyAustinville-IvanhoeMetaline

MVT Districts


100% ownership of three exploration concessions in the world’s most prolific Zinc-Lead district

Resource – 24.4 MT at 5.53% Zn, 1.49% Pb – 7.02% Combined1

Project Olza has excellent potential for resource expansion

World class Pomorzany Mine (20 km south of Project Olza)

Initial resource 51 MT – operated 40 years – produced 90+ MT

Extensive drilling

1,600 core holes, 180,000 m by government de-risks geological understanding

270 core holes, 30,000 m by Rathdowney confirms government data

Exclusive well-established pathway to a mining extraction license

Experienced management and technical team – North America and Europe

Rathdowney StrengthsAn Ability to Deliver

1Estimate at 2% Zn cut-off audited and verified by independent QP - L. Roberts, MAusIMM(CP) of SRK for the Preliminary Economic Assessment.


Long Life Mines with Excellent

Operating Characteristics (e.g.

Pomorzany Mine, located 20 km

south of Project Olza has operated

for 40 years and produced 90+MT

Well-Developed Mining

Infrastructure

Extensive Project Database:

180,000 m historical drilling

indicating substantial undeveloped

zinc-lead deposits

Rathdowney StrengthsOlza Opportunity

Extensive undeveloped historical Zinc-Lead resources.


Rathdowney StrengthsProject Olza – Expandable Resource Base

Rathdowney drilling confirms exceptional upside in Project Olza resource potential

2014 Inferred Resource 24.4 Mt @ 7.02% Zn+Pb(2.0% Zn COG)1

2008 Historical Estimate Outline20 Mt @ 8.3% Zn+Pb

1990 Historical Estimate Zawiercie I & II Outline77 Mt @ 6.15% Zn+Pb

1990 Historical Estimate Zawiercie I & II,Rodaki-Rokitno &Marciszow Outline132 Mt @5.40% Zn+PbConcession Boundary

Rathdowney

Polish State Geological Institute (PSGI)2

Legend

1Estimate at 2% Zn cut-off audited and verified by independent QP - L. Roberts, MAusIMM(CP) of SRK for the Preliminary Economic Assessment.

2Historical estimate by the Polish State Geological Institute (PSGI) from PSGI 1992 report based on the Polish resource classification system, which is very similar to the Soviet classification system. A QP has not done sufficient work to classify the estimate as current mineral resources and the Company is not treating it as current.


Rathdowney Project Olza Inferred Mineral Resources1

CutoffZn%

Tonnes (millions)

Zn(%)

Pb(%)

Zn+Pb(%)

Contained Zn (millions lb)

Contained Pb(millions lb)

2.0 24.4 5.53 1.49 7.02 2,975 802

3.0 18.8 6.43 1.59 8.02 2,660 658

4.0 14.1 7.42 1.70 9.12 2,304 528

5.0 10.4 8.44 1.81 10.25 1,944 417

1Contained metal based on 100% recovery. David Gaunt, PGeo., Vice President Resource and Database for Hunter Dickinson Services Inc. (HDSI), a qualified person (QP) who is not independent of the Company is responsible for the estimate. The effective date of the estimate is July 2014. Estimate at 2% Zn cut-off audited and verified by independent QP - L. Roberts, MAusIMM(CP) of SRK for the Preliminary Economic Assessment.

Inferred mineral resource at 2% Zn cut-off 24.4 MT at 5.53% Zn, 1.49% Pb – 7.02% Combined Important Ag content yet to be quantified

Rathdowney Strengths43-101 Mineral Resource

February 2016 February 2016 | TSXV: RTH Page 11

Rathdowney StrengthsExcellent Infrastructure Optionality

Quality infrastructure – power, water, roads, rail lines and ports to target markets

Dramatic positive effect on CAPEX and OPEX


Rathdowney StrengthsEuropean Zinc Smelters at Project Olza’s Doorstep

Significant interest

from smelters for

Olza concentrate

Clean concentrate

characterized by

very low iron

Project timeline

coincides with

under supplied

smelters


Key Results1 (US dollars and metric units)

Robust returns and low production costs

$227M initial capital cost

$51M sustaining capital

$47.42/t on-site operating cost

Conventional 6,000 tpd bulk room & pillar mine with decline access

Standard SAG and ball mill processing

Conventional flotation

High recoveries

Two very clean, low iron, highly marketable concentrates

1 Notes on the PEA:• Based on median consensus metal prices: $1.00-1.10/lb for zinc; $0.95-1.00/lb for lead,• PEA study by international engineering specialists: SRK Consulting (UK) Ltd, Melis Engineering Ltd.• The PEA is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have the economic

considerations applied to them that would enable them to be categorized as Mineral Reserves. There is no certainty that the PEA will be realized.

Rathdowney StrengthsPreliminary Economic Assessment


Based on a 24.4 million tonne resource ANNUAL (Avg)1

Total Mineralized Material Mined 2,013,000 tTotal Mineralized Material Processed 2,013,000 tZinc Grade, Processed 4.98 %Lead Grade, Processed 1.50 %Average Recovery, Zinc 89.0 % Average Recovery, Lead 88.5 % Zinc Concentrate Produced 160,000 dmtLead Concentrate Produced 38,000 dmtZinc Concentrate Grade 56 %Lead Concentrate Grade 70 %Recovered Zinc 196,794,000 lbRecovered Lead 59,133,000 lb

1 Legend: t = tonnes (metric), % = percent, lb = pound

Rathdowney StrengthsPEA – Annual Production Summary


1All values in US dollars and metric units. Total On-Site includes mining, milling and infrastructure costs incurred to produce concentrate. Total Off-Site includes TC/RCs, transportation, handling and freight costs. Totals may not add due to rounding.

Refining & Smelting Cost1 ($/t)

TC / RC 22.01Freight 0.46

TOTAL OFF-SITE COSTS 22.47

Operating Cost1 ($/t)

Mining 26.88Milling 11.46Environmental/Tailings Storage Facility 5.15

Site General & Administration 3.93TOTAL ON-SITE COSTS 47.42

Total cost to produce metal1

$0.63/lb Znor

$69.88/tprocessed

Rathdowney StrengthsPEA – Projected Operating Costs


Capital Cost Initial ($M)

Sustaining($M)

Total LOM ($M)

Mining 82.3 36.6 118.9Processing 59.7 - 59.7Tailings Management & Water Treatment Facilities 33.1 14.5 47.6

Surface Facilities 15.7 - 15.7Contingency 23.1 - 23.1EPCM 13.1 - 13.1Sub-Total 227.0 51.1 278.1

Reclamation Security 6.8 4.5 11.3TOTAL CAPITAL COSTS 1 233.8 55.6 289.4

1All values in US dollars and metric units where M = Millions. Thirty percent contingency and fifteen percent EPCM applied to processing.

Rathdowney StrengthsPEA – Projected Capital Costs

Post-tax payback 2.4 years (8% discount rate)


Advancing Engineering and Environmental Studies to Support Mine Development

Engineering data collection progressing

Preliminary Economic Assessment returns positive results

Engineering drilling and additional deposit drilling ongoing – initial results confirm excellent

potential to increase resources (see recent news releases)

On-going discussions with smelter groups

Environmental data collection to support permitting well-advanced

Comprehensive stakeholder engagement

Rathdowney StrengthsDe-risking Project Advancement


Active engagement with all governments

Community outreach: Door to door visits Local events Open houses Community meetings Site visits Early meetings with local

officials Project Olza enjoys positive

relations with local communities

Rathdowney StrengthsProactive Stakeholder Engagement


2010 to

2015

MINE PLANNING & PERMITTING

Complete Project Description

Integrate modern mine plan with Land Use Plan

Complete EIA Report and Deposit Development Plan / Pre-Feasibility

Apply for and receive exploitation license

COMMENCE CONSTRUCTION

Completed

Projected

Projected

Rathdowney StrengthsMilestones – Completed & Projected

2015 to

2017

2018

ACQUISITION & PLANNING

RESOURCE EVALUATION

ENGINEERING & ENVIRONMENTAL DATA

GEOLOGICAL DOCUMENTATION & PEA


EnvironmentalPolitical Social Cost InfrastructureProject

Good rapport & working relationship with government, agencies

Structured, clear &transparent permitting process

Defined process for submitting mining license materials

Over 2,000 town hall meetings completed since 2010

Community offices & programs in place

Good rapport & dialogue with communities & officials

Well documented and defined EIA requirements

Experienced permitting team in place

Requisite studies & reporting underway

Experienced development team with strong project management, project finance & technical capabilities

Low CAPEX US$234M

Low OPEX On-site US$47.42/t Off-site US$22.47/t

High quality infrastructure in place – rail & ports

Existing water, roads, rail lines & power at sites

1 Source: BMO Capital Markets Equity Research January 2016.

Market

Mine closures tightening zinc supply

Zinc1 LT forecast price: US$1.00/lb

Rathdowney StrengthsSuccessfully Managing the Opportunity


Rathdowney StrengthsStrategically Positioned in a Tightening Zinc Market

Projected Zinc market deficit

Substantial mine closures and production cuts

Century (500,000 t)

Lisheen (175,000 tpy)

Glencore (500,000 t)

Upward trend in Zinc pricing1

2018 – US$1.04/lb, 2019 – US$1.00/lb, 2020 – US$1.01/lb

LT – US$1.00/lb

1 Source: BMO Capital Markets Equity Research January 2016.


David J. Copeland ChairmanDave Copeland is a professional engineer and mining executive with over 30 years' experience in advancing global mineral projects through feasibility, permitting, engineering design and initial development phases.

Andrew Ing Chief Financial Officer Andrew Ing is a finance-corporate development professional with more than 10 years of experience in project finance, risk management and corporate governance, and holds designations in Chartered Accountancy and Corporate Finance.

Robert Konski President & CEORobert Konski has over 25 years’ experience as an executive and strategic advisor to the management of public / private companies and the government in Poland. He holds an M.P.A. from the JFK School of Government at Harvard University

Trevor R. Thomas SecretaryTrevor Thomas is corporate secretary and has practiced in the areas of corporate commercial, corporate finance, securities and mining law since 1995, both in the private practice environment as well as in-house positions.

David Copeland, Robert Konski, Michael H. Nolan, Scott Cousens, Rene G. Carrier, Barry Coughlan, Lena Brommeland, George Ireland, Myron Manternach, Stephen Scott

Lena Brommeland General Manager, Poland Lena Brommeland has a degree in geology and more than 20 years’ experience managing major exploration and development around the world.

Barbara Chammas Manager, Community Relations & Environment, PolandBarbara Chammas has an advanced degree in Environmental Engineering, a certificate in Mid-Management and Business Administration and over 10 years’ experience in public consultation and water management in Poland.

Doug Nicholson Senior Project Development Manager, PolandDoug Nicholson is a mining engineering with more than 25 years of progressive experience in project management, mine development and mine operations.

SRK Consulting ConsultantAn independent, international consulting practice that provides focuses on advice and solutions to mining clients. SRK offers services through feasibility, mine planning, and production to mine closure.

TECHNICAL MANAGERS & CONSULTANTS

MANAGEMENT

DIRECTORS

Rathdowney StrengthsExecutive & Professional Team


Key Points:

Substantial economic resource

Proven mining jurisdiction

Structured permitting process with legislated timelines

Project opportunity delivered by experienced team

Importantly positioned in a tightening Zinc market

Significant project upside

Team is committed to delivering results

Rathdowney StrengthsInvestment Conclusions


Contact Information

Rathdowney Resources Ltd.

15th Floor1040 W. Georgia St.Vancouver, BCCanada V6E 4H1

Investor Relations

TF: 800.667.2114Ph: 1.604.684.6365Email: [email protected]


Appendices


Share Capital

Listed March 2011 on TSX:V ticker RTH C$34 million initial public offering 118.08 million common shares outstanding 4.58 million options outstanding 1.97 million warrants


Preliminary Economic Assessment (PEA)

Qualified Person Company Professional Designation Sections of the Report

Christopher Bray BEng, MAusIMM(CP)Project Management and

Mining

Dr Lucy RobertsBSc (Hons), MSc, PhD, MAusIMM

(CP)Mineral Resource

Dr Christopher Bonson PhD EurGeol, P.Geo Geology, Sampling and QAQC

Kris Czajewski P.Eng, APEGBC Tailings

Dr Houcyne El Idrysy MSc, CGeol FGS Water Management

Lawrence Melis P.EngMetallurgy and Mineral

Processing

Qualified Persons


PEA Conceptual UG Mine Layout & Stope Access


PEA Metallurgy & Process Design Standard flotation results in marketable zinc and lead concentrates, recoveries of 89% LOM zinc recovery producing 56% zinc concentrate 88.5% LOM lead recovery producing 70% lead concentrate


Expandable Resource Base


Rathdowney Drilling 2015 – Highlights

Highlights include:

Hole OLZ-241: 3.3 m of 16.0% Zn+Pb incl 1.3 m of 36.9% Zn+Pb

Hole OLZ-232: 8.5 m of 4.77% Zn+Pb, 12.8 g/t Ag incl2.1 m of 17.9% Zn+Pb, 36.8 g/t Ag

Hole OLZ-229: 3.9 m of 4.7% Zn+Pb, 20 g/t Ag

Results from new drilling is adding key engineering data and confirming potential to increase resources


Rathdowney Drilling 2015 – Highlights Drill Hole Number

From (m) To (m) Length (m) Zn+Pb* (%) Zn (%) Pb (%) Ag (g/t)

OLZ-226

99.00 99.50 0.50 1.32 0.61 0.71 3.4102.70 106.30 3.60 1.76 0.95 0.81 2.4

incl 102.70 104.00 1.30 2.71 1.12 1.59 4.0

OLZ-22897.90 103.90 6.00 2.77 2.56 0.21 9.0

incl 97.90 100.30 2.40 3.94 3.71 0.23 11.9

OLZ-229

102.30 106.20 3.90 4.70 4.54 0.16 20.0incl 102.30 104.90 2.60 5.49 5.25 0.24 25.8

114.80 116.30 1.50 2.81 2.80 0.01 18.4OLZ-230 108.60 111.50 2.90 2.80 1.78 1.02 **OLZ-231 111.35 113.90 2.55 2.19 2.04 0.15 13.5

OLZ-232

122.00 130.50 8.50 4.77 4.53 0.24 12.8incl 128.40 130.50 2.10 17.89 16.98 0.92 36.8and 128.40 129.80 1.40 25.47 24.12 1.35 49.7

OLZ-235 123.10 124.00 0.90 2.91 2.79 0.12 10.2

OLZ-23790.10 97.00 6.90 0.67 0.65 0.02 4.1

incl 94.20 95.40 1.20 2.40 2.37 0.03 12.1OLZ-238 98.80 101.90 3.10 1.21 1.17 0.04 8.3OLZ-240 102.50 104.60 2.10 4.56 4.46 0.10 16.1

OLZ-241103.35 106.60 3.25 16.00 15.91 0.08 **

incl 103.35 104.60 1.25 36.85 36.68 0.16 **All diamond core holes were drilled vertically through the sub-horizontal mineralized horizons so intersections represent approximate true widths. No significant results in holes 227, 233, 234, 236 and 239. *Figures may not add due to rounding. ** Ag results pending.Sample preparation for the current drilling program is performed at the Bureau Veritas (BV) laboratory in Krakow, Poland. Core samples areweighed, dried and crushed to >70% passing 10 mesh (2 mm), then 500 g sub-samples are riffle split and pulverized to >85% passing 200 mesh(75 µm). Samples are shipped by air freight to the Vancouver laboratory of Bureau Veritas Commodities Canada Ltd., an ISO 9001 accreditedlaboratory, for analysis. All samples are assayed for Pb, Zn, Ag and 38 additional elements by 4 acid (HF-HNO3-HClO4, HCl) digestion of an0.5 g sample with an ICP-AES/ICP-MS (inductively coupled atomic emission spectrometry/mass spectrometry) finish (BV Code: MA270).Samples with Zn values >40% or Pb values >10%, the upper limits for the MA270 method, are re-analyzed by BV method MA371; 4 aciddigestion of 0.1 g sample with ICP-AES/ICP-MS finish. As part of a comprehensive QAQC program, one standard and one replicate areinserted into the sample stream in each group of 20 samples, as well as one or more blanks in each analytical batch.


Historical Estimates for Zawiercie PropertyZawiercie Historical Estimates by PGI

DepositYear of

Estimate

Number of

Holes

Metres

Drilled

Period of

DrillingCategory Mt % Zn % Pb

Zawiercie I

2008

510 UnknownMost

pre-1975

C-1 + C-2 17.0 5.80 2.32

1994 C-1 16.3 6.00 2.50

1990 C-1 34.5 4.92 1.98

1977 C-1 24.7 4.27 1.58

1975 C-2 34.5 4.92 1.98

Zawiercie II

2008

240 UnknownMost

pre-1975

C-2 2.9 6.98 2.48

1992 C-2 35.5 2.07 2.05

1990 C-2 42.6 2.56 2.99

1975 C-2/D 21.0 2.26 2.96

Source: PEA Technical Report

(See slide 22 for reference)

The past drilling programs and the various historical estimates summarized above undertaken by the Polish Geological Institute summarized above confirm the presence of extensive zinc-lead mineralization within the area of the Zawiercie Concession. The considerable variation in these estimates reflects the different parameters applied. A qualified person has not completed work to classify these historical estimates as current mineral resources or mineral reserves and Rathdowney is not treating them as current mineral resources or mineral reserves.

References:

1990 Estimates: S. Przenioslo, B. Bak, B. Radwanek-Bak, T.Smakowski - "Analiza gospodarki rudami cynku i olowiu w Polsce (wg. stanu na koniec 1990 roku)", Panstwowy Instytut Geologiczny, Warszawa 1992.

2008 Estimates:

ZAWIERCIE I: (2008) Przenioslo S. et al. - Dodatek nr 1 do dokumentacji geologicznej złoża rud cynku i ołowiu "Zawiercie I" w kat.C1+C2 w miejsc. Zawiercie (Dokumentacja Zloza), Panstwowy Instytut Geologiczny, Warszawa, 6006/2008.

ZAWIERCIE II: (2008) Przenioslo S. et al. - Dodatek nr 4 do dokumentacji geologicznej złoża rud cynku i ołowiu "Zawiercie" obszar "Zawiercie II" w kat.C1+C2 w miejsc. Ciągowice, Poręba, Rokitno Szlacheckie. (Dokumentacja Zloza), Panstwowy Instytut Geologiczny, Warszawa, 6004/2008.


Environmental Data CollectionDesigned to advance mine planning and permitting

Extensive hydrology & hydrogeology studies (600 km2 area)

Comprehensive flora and fauna data collection (250 km2 area)

Land use assessments complete

Engineering, drilling and mine planning studies to support Feasibility Study


STEP 1

STEP 2

STEP 3

STEP 4

STEP 5

• Prepare / submission / approval of geological documentation

• Changing spatial plan and local land use plan

• Preparation / submission / approval of EIA

• Preparation / submission / approval of deposit development plan

• Submission of license application

Grant of Mining

ExploitationLicense1

1 Subject to establishment of mining usufruct and rehabilitation fund

Completed

Rathdowney StrengthsPathway to an Exploitation License

Ongoing

Projected 2018


Geological Documentation 13 volumes of current and historical geological data (COMPLETED)

Land Planning Changes Discussions with local authorities; changes occur concurrently with EIA – completion mid 2017

Environmental Impact Assessment (EIA) Baseline data collection – 18 months ongoing since 2014 Project Description developed – complete in 2nd half 2016 EIA report under development – submission in 1st half 2017

Deposit Development Plan (PZZ) Engineering data collection and studies underway – submission 1st half 2017

Exploitation License Application Once EIA is completed – submission 2nd half of 2017

Development Permits Once EIA complete, exploitation tenure acquired, construction commences – submission 1st half of 2018

9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12

Geological Documentation

Local Planning Changes

Environmental Impact Assessment (EIA)

Deposit Development Plan (PZZ)

Exploitation Permit Application

Development Permits /Construction Commences

2017PROJECTED TIMELINE

2013 2014 2015 2016

Rathdowney StrengthsProject Timeline

February 2016 Notes

Documents

Rathdowney Resources Ltd. · 2016. 4. 24. · Rathdowney owns 100% of Project Olza in the Silesian MVT District, Poland Exciting Zinc-Lead project with considerable resource expansion