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www.rrrplc.com Investor Presentation RED ROCK RESOURCES Plc AGM Presentation London Stock Exchange AIM Listed: RRR

RED ROCK RESOURCES PlcSurrounded by Majors – Glencore/Gecamines/Chinese Groups. Target potential of 400,000 tons of Cu and 25,000t of Co. Regional grades range from 3 -5% Cu and

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Page 1: RED ROCK RESOURCES PlcSurrounded by Majors – Glencore/Gecamines/Chinese Groups. Target potential of 400,000 tons of Cu and 25,000t of Co. Regional grades range from 3 -5% Cu and

www.rrrplc.com Investor Presentation

RED ROCK RESOURCES PlcAGM PresentationLondon Stock Exchange AIM Listed: RRR

Page 2: RED ROCK RESOURCES PlcSurrounded by Majors – Glencore/Gecamines/Chinese Groups. Target potential of 400,000 tons of Cu and 25,000t of Co. Regional grades range from 3 -5% Cu and

www.rrrplc.com Investor Presentation

A RESERVOIR OF FUTURE VALUE

STEADY FOCUS ON REVENUE GROWTH

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Page 3: RED ROCK RESOURCES PlcSurrounded by Majors – Glencore/Gecamines/Chinese Groups. Target potential of 400,000 tons of Cu and 25,000t of Co. Regional grades range from 3 -5% Cu and

www.rrrplc.com Investor Presentation

Natural Resource Developer

PRIMED FOR PERFORMANCE

Revenue Foundations

• Manganese Production• Colombian Gold Royalty • Liquid Investments

Investment Upside

• Gold JORC Resource - Kenya• DRC Copper / Cobalt• Exploration - Africa• Strategic JMS Holding• Royalties

Value Upside

£0.85m Finance Income

£12.36m Assets£3.1m MC

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Page 4: RED ROCK RESOURCES PlcSurrounded by Majors – Glencore/Gecamines/Chinese Groups. Target potential of 400,000 tons of Cu and 25,000t of Co. Regional grades range from 3 -5% Cu and

www.rrrplc.com Investor Presentation

Copper/Cobalt JVsDRC

Power Metal ResourcesDRC/Botswana/Tanzania

Ivory CoastBenin

Migori GoldKenyaFour Points

Colombia

Jupiter MinesSouth Africa

DIVERSE ASSET PORTFOLIO4

Page 5: RED ROCK RESOURCES PlcSurrounded by Majors – Glencore/Gecamines/Chinese Groups. Target potential of 400,000 tons of Cu and 25,000t of Co. Regional grades range from 3 -5% Cu and

www.rrrplc.com Investor Presentation

Operations Update

13.6% Half year Dividend Yield

Final Dividend likely May

JMS Stake Value to RRR ~$5,02m

Feasibility for 50% Mn volume increase

Jupiter Mines

Power Metal Resources

Holds 4.52% Stake – Recapitalized

Focus on Key Battery Metals

Major Nickel Targets

SIGNIFICANT UNDERVALUATION

DRC – Copper/Cobalt

100% Economic Interest

JV Negotiations Underway

Pending Licence Renewal

Pure Upside Potential

Kenya Gold Project 3 JV Tenements Secured with VUP JV

3 Additional Congo Galaxy Tenements

Initial Exploration undertaken

First phase of work at Musonoi Completed

RRR to seek JORC Resource from Historical Data

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Colombia

Gold Royalty - $3M total Value

Est ~$10k/qtr + rising to $40k-100k/qtr

Page 6: RED ROCK RESOURCES PlcSurrounded by Majors – Glencore/Gecamines/Chinese Groups. Target potential of 400,000 tons of Cu and 25,000t of Co. Regional grades range from 3 -5% Cu and

www.rrrplc.com Investor Presentation

Jupiter Mines

Manganese Producer – South AfricaIron Ore Assets – Western Australia

RRR: 0.9%

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Page 7: RED ROCK RESOURCES PlcSurrounded by Majors – Glencore/Gecamines/Chinese Groups. Target potential of 400,000 tons of Cu and 25,000t of Co. Regional grades range from 3 -5% Cu and

www.rrrplc.com Investor Presentation

Jupiter Mines (ASX:JMS)o Leading Global Manganese Producer – 3rd Largesto Relisted on ASX April 2018 – A$575m market cap o One of Largest and Shallowest Resources Worldwide o Experienced Management Team o Simple Drill/Blast + Load/Haul Miningo 8km Private Rail Siding Loop (5mtpa) – Exports from Major Portso 50% Expansion Under Consideration

JMS Alone Supports RRR Market Cap

60 Years Life of Mine – 459Mt Resource

Reliable On Site Power Generation

Well Established Offtake ChannelsLocated in Kalahari Basin – South Africa

Producing:over 3Mtpa

Capacity of 3.6Mtpa Production

49.9% Ntsimibintle Mining 37.1%OM Holdings 13%

JMS Stake in Tshipi Mine

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Page 8: RED ROCK RESOURCES PlcSurrounded by Majors – Glencore/Gecamines/Chinese Groups. Target potential of 400,000 tons of Cu and 25,000t of Co. Regional grades range from 3 -5% Cu and

www.rrrplc.com Investor Presentation

RRR Jupiter Investment

17.0MShares

0.87%Stake

Focus on production optimization

25% FY2019 dividend yield

A$380m paid out in 3 years

Exceeded 70% payout policy

A$5.02MValuation

A$852k to RRR 2017

A$3.36m to RRR in 2018 (IPO + distributions)

A$1.14m to RRR in 2019

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Page 9: RED ROCK RESOURCES PlcSurrounded by Majors – Glencore/Gecamines/Chinese Groups. Target potential of 400,000 tons of Cu and 25,000t of Co. Regional grades range from 3 -5% Cu and

www.rrrplc.com Investor Presentation

BLUE CHIP MINING ASSET

1.73MT US$478m US$78m US$77m

Production Net Assets EBITDA Cash

Jupiter Mines Results

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3.51MT A$409m A$189m A$72m

H1 Aug 19

FY2019

Page 10: RED ROCK RESOURCES PlcSurrounded by Majors – Glencore/Gecamines/Chinese Groups. Target potential of 400,000 tons of Cu and 25,000t of Co. Regional grades range from 3 -5% Cu and

www.rrrplc.com Investor Presentation

DRC COPPER/COBALT JV

Exploration Upside

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RRR: 50.1%

Page 11: RED ROCK RESOURCES PlcSurrounded by Majors – Glencore/Gecamines/Chinese Groups. Target potential of 400,000 tons of Cu and 25,000t of Co. Regional grades range from 3 -5% Cu and

www.rrrplc.com Investor Presentation

Democratic Republic of Congo

o Underexploited and mineral rich o Estimated $24 trillion of untapped

cobalt/copper/diamonds/goldo Major supplier of the world’s cobalt needso Prolific and historic copper producer

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Cobalto Significant gap between supply and

demand projected after 2020o Constrained supply – single

traditional source o Uses:

• Batteries• Aircraft engines• Corrosion/wear resistant

alloys• Jewelry

Copper

10,00014,00018,00022,00026,00030,000

2014

2015

2016

2017

e20

18e

2019

e20

20e

2021

e20

22e

2023

e20

24e

2025

e

‘00

0 t

on

nes

Supply Demand

o Demand expected to exceed supply after 2019

o Uses:o Constructiono Electronicso Cables and wireso Coins 60,000

100,000

140,000

180,000

220,000

2017

2018

e

2019

e

2020

e

2021

e

2022

e

2023

e

2024

e

2025

e

ton

nes

Supply Demand

66%+ of World’s Cobalt Mined in DRC

Page 12: RED ROCK RESOURCES PlcSurrounded by Majors – Glencore/Gecamines/Chinese Groups. Target potential of 400,000 tons of Cu and 25,000t of Co. Regional grades range from 3 -5% Cu and

www.rrrplc.com Investor Presentation 12

RRR License Locations

PRIME CENTRAL AFRICAN COPPER BELT TERRITORY

Page 13: RED ROCK RESOURCES PlcSurrounded by Majors – Glencore/Gecamines/Chinese Groups. Target potential of 400,000 tons of Cu and 25,000t of Co. Regional grades range from 3 -5% Cu and

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Copper-Cobalt JVo Tenements in Katanga Segment of the Central African Copperbelto Sizeable in-situ mineral valueso Major mining companies surround RRR holdings o All three assets are mining/production licenses o Enables fast-track to production and cash flowso Access to some of the best Cu/Co tenements in the world

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50.1%

RRR Share in JV Bring Minerals SAU 24.9%Vumilia Pendeza SA 25%

TREMENDOUS OPPORTUNITIES

Kasombo South License – PE23602km²² located 5km W of LubumbashiLies at the eastern part of the Kasonta anticlineAnticline hosts well known copper/cobalt depositsNearby FE Limited (ASX Explorer) reported 25m @ 3.5% CuLess historical activity relative to other licenses

Kumukongo License – PE6635.3km² located 20km SE of KolweziLies at Western end of Kansuki structural trendEvidence of artisanal mining across the propertyFurther historical data being soughtSeveral significant neighbors

Musonoi License – PE49621.7km² located 3 km W of KolweziLies in Kolwezi Klippe – most prolific cooper/cobalt district in DRC Established mining area with good infrastructure7 major cobalt/copper deposits adjacent / within 5 kmSurrounded by Majors – Glencore/Gecamines/Chinese GroupsTarget potential of 400,000 tons of Cu and 25,000t of CoRegional grades range from 3-5% Cu and 0.5-1% CoMusonoi “Super Deposit” forms part of license

Page 14: RED ROCK RESOURCES PlcSurrounded by Majors – Glencore/Gecamines/Chinese Groups. Target potential of 400,000 tons of Cu and 25,000t of Co. Regional grades range from 3 -5% Cu and

www.rrrplc.com Investor Presentation 14

Majors Surround Musonoi

CENTRALLY LOCATED – HUGE UPSIDE

Page 15: RED ROCK RESOURCES PlcSurrounded by Majors – Glencore/Gecamines/Chinese Groups. Target potential of 400,000 tons of Cu and 25,000t of Co. Regional grades range from 3 -5% Cu and

www.rrrplc.com Investor Presentation

Musonoi Historic Drilling 2.5% Cu cutoff, oxides only, above water table

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Page 16: RED ROCK RESOURCES PlcSurrounded by Majors – Glencore/Gecamines/Chinese Groups. Target potential of 400,000 tons of Cu and 25,000t of Co. Regional grades range from 3 -5% Cu and

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Musonoi Mineralised body

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Page 17: RED ROCK RESOURCES PlcSurrounded by Majors – Glencore/Gecamines/Chinese Groups. Target potential of 400,000 tons of Cu and 25,000t of Co. Regional grades range from 3 -5% Cu and

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Remaining Mineralisation - Musonoi

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Page 18: RED ROCK RESOURCES PlcSurrounded by Majors – Glencore/Gecamines/Chinese Groups. Target potential of 400,000 tons of Cu and 25,000t of Co. Regional grades range from 3 -5% Cu and

www.rrrplc.com Investor Presentation

Migori Gold Project

Gold Exploration - Kenya

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RRR: 100%

Page 19: RED ROCK RESOURCES PlcSurrounded by Majors – Glencore/Gecamines/Chinese Groups. Target potential of 400,000 tons of Cu and 25,000t of Co. Regional grades range from 3 -5% Cu and

www.rrrplc.com Investor Presentation 19

Migori Gold Projecto 100% Economic Interesto Located in Kenyan Greenstone Belto JORC Gold Resource of 1.2Moz @ 1.3g/to Court Case with Kenyan Ministry of Mining Resolvedo Licence Restoration Expected Near term o Potential Partnership / JV Opportunities Developing

Avg Grade:1.3 g/t

JORC Resource:1.2Moz

Prospect JORC Classification Mt g/t Au Moz

KKM Indicated & Inferred 17.8 1.01 0.58

KKM-West Indicated & Inferred 4.02 1.04 0.14

Nyanza Indicated & Inferred 2.3 2.73 0.20

Gori Maria Indicated & Inferred 3.8 1.16 0.14

MK Indicated & Inferred 1.4 3.07 0.13

Total 29.4 1.26 1.2

PURE UPSIDE POTENTIAL

Page 20: RED ROCK RESOURCES PlcSurrounded by Majors – Glencore/Gecamines/Chinese Groups. Target potential of 400,000 tons of Cu and 25,000t of Co. Regional grades range from 3 -5% Cu and

www.rrrplc.com Investor Presentation

Four Points Mining

Gold Interests – Colombia

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RRR: Ongoing Disposal

Page 21: RED ROCK RESOURCES PlcSurrounded by Majors – Glencore/Gecamines/Chinese Groups. Target potential of 400,000 tons of Cu and 25,000t of Co. Regional grades range from 3 -5% Cu and

www.rrrplc.com Investor Presentation

Four Points Miningo High Grade Gold mine and Mill at El Limon, Colombia

o 3% net smelter royalty over $1mo 0.5% royalty over $2m

o Ore Sourced from Mine + Regional Supplierso Completed $7m Upgrade Program – Mill to 225tpd+o Increasing royalty payments expected in 2019-20o Operated by Para Resources (CVE:PBR)

INVESTMENT PAYING OUT

Royalty Estimates to RRR2018: $45,0002019: c$40,0002020: $200,000

Avg Grade:8 g/t

Mining Costs:~$156/t

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Page 22: RED ROCK RESOURCES PlcSurrounded by Majors – Glencore/Gecamines/Chinese Groups. Target potential of 400,000 tons of Cu and 25,000t of Co. Regional grades range from 3 -5% Cu and

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Other Projects / Investments

SIGNIFICANT UPSIDE

POTENTIAL

DRCExploration

Ivory CoastExploration

Power Metal Resources

(AIM: POW)

Exploration

Multiple licenses covering Cu/Co and Gold

prospective areas80% Interest Early Stage

Gold/Copper/Cobalt

Early Stage Gold Exploration

Underexplored with Huge Potential

Birimian Greenstone Belt

GoldFocus on Metals Key to Battery Technologies

Botswana/Tanzania/DRC/Cameroon/Ivory Coast

Recapitalized and Moving Forward

Various

RRR:80% RRR:100% RRR:6.89%

Elephant Oil Oil & Gas

RRR:5.11% RRR:1.41%

Onshore Exploration –Benin

Underexplored West African Transform Margin

Oil

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RRR:2.6%

Page 23: RED ROCK RESOURCES PlcSurrounded by Majors – Glencore/Gecamines/Chinese Groups. Target potential of 400,000 tons of Cu and 25,000t of Co. Regional grades range from 3 -5% Cu and

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Deep Portfoliolio w/ Exploration Upside

MC of £3.0m w/ Listed Assets of £3.1m

Key Takeaways

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Multiple Sources of Cashflow

Page 24: RED ROCK RESOURCES PlcSurrounded by Majors – Glencore/Gecamines/Chinese Groups. Target potential of 400,000 tons of Cu and 25,000t of Co. Regional grades range from 3 -5% Cu and

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Contact Details

[email protected]

Positioned For Outperformance

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Page 25: RED ROCK RESOURCES PlcSurrounded by Majors – Glencore/Gecamines/Chinese Groups. Target potential of 400,000 tons of Cu and 25,000t of Co. Regional grades range from 3 -5% Cu and

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DISCLAIMERThese presentation slides (the “Slides”) do not constitute an offer to the public or an offer for sale or solicitation to purchase or subscribe for anysecurities of the Company and they should not be relied on in connection with a decision to purchase or subscribe for any such securities. TheSlides and the accompanying verbal presentation do not constitute a recommendation regarding any decision to sell or buy securities in theCompany. If any person is in doubt as to the contents of this presentation, or wishes to obtain advice as to the investment merits of theCompany’s securities, he should seek independent advice from a person who is an authorized financial services provider.

No reliance may be placed for any purpose whatsoever on the information contained in the Slides and the accompanying verbal presentation orthe completeness or accuracy of such information. The information contained in these Slides and the accompanying verbal presentation is inthe public domain, however no representation or warranty, express or implied, is given by or on behalf of the Company, its shareholders,directors, officers or employees or any other person as to the accuracy or completeness of the information or opinions contained in the Slidesand the accompanying verbal presentation, and no liability is accepted for any such information or opinions (including in the case of negligence,but excluding any liability for fraud).

The Slides are not for distribution in, nor do they constitute an offer of securities for sale in, any jurisdiction where such distribution or offer isunlawful. The distribution of the Slides in some jurisdictions may be restricted by law and persons into whose possession this document comesshould inform themselves about and observe any such restrictions.

Statements made in the Slides and accompanying verbal presentation may include forward-looking statements that necessarily involve risksand uncertainties. Forward-looking statements may generally be identified by the use of terminology such as “may”, “will”, ”expect”, ”intend”,“plan”, “estimate”, “anticipate”, “believe”, or similar phrases. Other than statements of historical facts, all statements, including, among others,statements regarding the future financial position of the Company, business strategy, projected levels of growth in its market, projected costs,estimates of capital expenditures and plans and objectives of management for future operation, are forward-looking statements. The actualfuture performance of the company could differ materially from these forward-looking statements. Important factors that could cause actualresults to differ materially from these expectations including known and unknown risks. Undue reliance should not be placed on these forward-looking statements.

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