Spectrum Metals : AGM Investor Presentation

High Grade Gold Strategy in WA

Cautionary Statement

Presentation Material

This presentation is for information purposes only and does not constitute a prospectus or prospectus equivalent document. The information in this presentation is provided in summary form, has not been independently verified, and should not be considered to be comprehensive or complete. It is not intended to and does not constitute, or form part of, an offer, invitation or the solicitation of an offer to purchase or otherwise acquire, subscribe for, sell or otherwise dispose of any securities, or the solicitation of any vote or approval in any jurisdiction, nor shall there be any offer, sale, issuance or transfer of securities in any jurisdiction in contravention of any applicable law.

Not financial product advice

This presentation is not a financial product or investment advice, nor a recommendation to acquire Spectrum Metals Limited securities. It has been prepared without taking into account the objectives, financial situation or needs of individuals and is not intended to be relied upon as advice to investors or potential investors. Before making an investment decision, investors or prospective investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs and seek legal and taxation advice appropriate to their jurisdiction. Spectrum Metals Limited is not licensed to provide financial product advice in respect of its securities or any other financial products. Cooling off rights do not apply to the acquisition of Spectrum Metals Limited securities. Spectrum Metals Limited assumes that the recipient is capable of making its own independent assessment, without reliance on this document, of the information and any potential investment and will conduct its own investigation. Disclaimer: Spectrum Metals Limited and its related bodies corporate and each of their respective directors, officers, employees, agents and contractors disclaims, to the maximum extent permitted by law, all liability and responsibility for any direct or indirect loss or damage which may be suffered by any person (including because of fault or negligence or otherwise) through use or reliance on anything contained in or omitted from this presentation. In particular, this presentation does not constitute, and shall not be relied upon as, a promise, representation, warranty or guarantee as to the past, present or the future performance of Spectrum Metals Limited.

Forward Looking Statements

Statements regarding Spectrum Metal Limited's plans with respect to its mineral properties and programmes are forward-looking statements. There can be no assurance that Spectrum's plans for development of its mineral properties will proceed as currently expected. There can also be no assurance that Spectrum will be able to confirm the presence of additional mineral resources/reserves, that any mineralisation will prove to be economic or that a mine will successfully be developed on any of Spectrum's mineral properties. The performance of Spectrum may be influenced by a number of factors which are outside the control of the Company and its Directors, staff and contractors.

Competent Persons Statement

The information in this report as it relates to exploration results and geology was compiled by Mr Alexander Hewlett who is a Member of the AusIMM and a director to the Company. Mr Hewlett, who is a shareholder and option-holder, 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 to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr. Hewlett consents to the inclusion in the report of the matters based on the information in the form and context in which it appears.

Spectrum Overview

Vision

To become a significant high margin mineral producer and resource house.

Core Purpose

The core purpose of Spectrum is to create value through the discovery, development, and exploitation of metal resources in a socially responsible manner.

Strategy

By developing brown-fields gold assets in Western Australia, leveraging existing development infrastructure and existing high-grade gold mineralisation with under-drilled potential.

Corporate Snapshot

Capital Structure

Current Shares On Issue (m) 877.1

Options (m) 77.5

Fully Diluted Current Share Price Market Capitalisation

Cash Debt EV

(m) 897.1

(A$m) 1.4

(A$m) 0.0

(A$m) 3.1

12 Month Share Price

0.017 0.015 0.013 0.011

0.009 0.007 0.005 0.003

Nov-17

Feb-18

20mm

15mm

10mm

5mm

0

May-18

Aug-18

Nov-18

Major Shareholders

%

Moutier Pty Ltd4.3

Mainview Holdings Pty Ltd 3.4

Croesus Mining Pty ltd 3.1

Leonid Charuckyj 3.0

Ranchland Holdings Pty Ltd 2.6

Top 4058.9

Board and management

Alexander HewlettPaul Adams James CroserChairmanManaging DirectorTechnical directorNader el SayedNon-Executive Director

Directors & Management

Alex Hewlett - Chairman

Geologist, with significant gold and ASX management experience including MD of Hammer Metals Ltd and founding director of Black Cat Syndicate Ltd. Technical background includes former Resource Geologist with CSA Global.

Nader El Sayed - Non-Executive Director

CEO of Mining Services Group Multiplant Holdings with 15 years of strategic, financial and risk management background in Mining and Resources. Current Director of Hammer Metals and previous senior management roles with KPMG in Australia and Internationally.

Paul Adams - Managing Director

Geologist, 18 years in industry. Senior open pit, exploration, underground geology and production coordinator experience in Australia and PNG. 12 years as Director, Head of Equities Research at DJ Carmichael, specialist in hard-rock mining equity valuations across numerous commodities, project assessment, corporate advisory, M&A.

James Croser - Technical Director

Mining Engineer, 25 years experience, Director, MD and Principal of several ASX-listed and private resource companies. Operational roles and Mine Manager roles in UG environment. UG Mine Manager at Daisy-Milano & Frog's Leg. WA 1st Class Mine Managers Certificate