RED ROCK RESOURCES Plc · 12/21/2018 · Investor Presentation: December 2018 Operations Update. Steelmin Ltd. IPO Completed. 14.5% HY Dividend Yield. £2.4 Million Received in 2018.

www.rrrplc.com Investor Presentation: December 2018

RED ROCK RESOURCES PlcAGM PresentationLondon Stock Exchange AIM Listed: RRR


RESOURCE DRIVEN GROWTH

DELIVERING RESULTS

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Natural Resource Developer

PRIMED FOR PERFORMANCE

Revenue Foundations

• Manganese Production• Colombian Gold Royalty • Significant Cash Inflows

Investment Upside

• Gold JORC Resource - Kenya• DRC Copper / Cobalt• Gold Exploration - Ivory Coast• Oil Exploration - Benin

Project Upside

£1.2m Revenue£78k Profit

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Copper/Cobalt/GoldDRC

Ivory Coast/ Benin

Migori GoldKenyaFour Points

Colombia

Jupiter MinesSouth Africa

DIVERSE ASSET PORTFOLIO

Steelmin Ltd.Bosnia

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Operations Update

Steelmin LtdIPO Completed14.5% HY Dividend Yield£2.4 Million Received in 2018JMS Stake Value to RRR ~£2.8m

Jupiter Mines

Colombia Disposal

Royalty - $3M total ValueEst ~$50k/qtr + rising to $100k/qtrLoan Note - $750k Received in Q2

RRR Holds 22% equity stakeEntered Production in 2018Seeking trade partners

MULTIPLE HIGH IMPACT EVENTS

DRC – Copper/Cobalt100% Economic InterestJV Negotiations Underway Pending Licence RenewalPure Upside Potential

Kenya Gold Project DD Completed3 JV Tenements Secured with VUP JV3 Additional Congo Galaxy TenementsInitial Exploration UnderwaySubstantial 2019 Newsflow Expected

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Jupiter Mines

Manganese Producer – South AfricaIron Ore Assets – Western Australia

RRR: 0.95%

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Jupiter Mines• Leading Global Manganese Producer – 3rd Largest• Relisted on ASX April 2018 as A$800m Company• One of Largest and Shallowest Resources Worldwide • 163MT @ 37.1% Mm + Top Cut of 145MT @ 31.58%• Experienced Management Team • Simple Drill/Blast + Load/Haul Mining• 8km Private Rail Siding Loop (5mtpa) – Exports from 4 Ports

JMS Alone Supports RRR Market Cap

60 Years Life of Mine – 418Mt 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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RRR Jupiter Investment

18.5MShares

0.95%Stake

Focus on production optimisationGoal to increase stake in Tshipi14.5% Half-Year Dividend Yield

£2.8MValuation

$955k to RRR 2017$3.2m to RRR in 2018 (IPO + distributions)$1.2m projected to RRR in 2019

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BLUE CHIP MINING ASSET

1.88MT US$414m US$205m US$216m

Production Revenues EBITDA Cash

Results - Tshipi

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3.34MT US$612m US$259m US$116m

1H2019

FY2018


DRC COPPER/COBALT JV

Exploration Underway

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Democratic Republic of Congoo One of the most underexploited and mineral

rich countrieso 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 is 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

‘000

tonn

es

Supply Demand

o Demand expected to exceed supply after 2019

o Uses:• Construction• Electronics• Cables and wires• 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

tonn

es

Supply Demand

66%+ of World’s Cobalt

Mined in DRC


Copper-Cobalt JVo Multiple Copper-Cobalt Tenements in Katanga Segment

of the Central African Copperbelto 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


Migori Gold Project

Gold Exploration – JORC Resource – Kenya

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RRR: 100%

www.rrrplc.com Investor Presentation: December 2018 Slide: 14

Migori Gold Projecto 100% Economic Interesto Located in Kenyan Greenstone Belto JORC Gold Resource of 1.2Moz @ 1.3g/to Longstanding Court Case with Kenyan Ministry of Mining Resolvedo Licence Restoration Expected Imminently 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


Four Points Mining

Gold Producer – Colombia

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Four Points Miningo High Grade Gold mine and Mill at El Limon, Colombiao Operated by Para Resources (CVE:PBR)o Ore Sourced from Mine + Regional Supplierso Completed $7m Upgrade Program – Mill to 225tpd+o Forecasted production increase in Q4 over Q3o Increasing royalty payments expected in 2019

INVESTMENT PAYING OUT

Royalty Estimates to RRR2018: $50,0002019: $300,0002020: $525,000

Avg Grade:8 g/t

Mining Costs:~$156/t

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Steelmin

Ferrosilicon Production – Bosnia

RRR: 22%

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Steelmin Ltd.o Refurbished Ferrosilicon Smelter Complex o Built in Yugoslavia in Early 1970s o Two Electric Arc Furnaces on Site o Total Capacity of 48,700t of Ferrosilicon + 9,700t of Microsilica

RRR Equity Stake in Steelmin22%

Targeting €36m Revenue + €7m EBITDA

Low Cost Brownfield Investment

Strategic Position Close to Euro CustomersLocated in Jajce, Bosnia Herzegovina

Access to Cheap Hydro Power –Pending Contract Negotiation

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Steelmin – Background

• Plant Built in 1897 by Wacker Chemie - DE• Owned by Electrobosna – Closed after War• Steelmin Ltd Refurbished - ~€18m Spent to Date

Used to Improve Steel ProductsContains 75% Silicon + 25% IronAdds Electrical Conductivity Improves Corrosion ResistanceDemand Growing 4.7% CAGR

FeSi~$1,500+

Primary by-product of FeSi ProductionUsed to Make High Performance ConcreteUtilized in Refractories and Ceramics

Microsilica€200/t

Silicon Metal$2600+/t

Alternate Main Product to FeSi98-99% Si – Higher Purity Used in Aluminum/Silicones/Solar

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48MW Elkem (Norwegian) Furnaceo Built 1973o Largest Furnaceo Est. 28,560t FeSi/pa

Furnace VFurnace IV

30MW Tagliferri (Italian) Furnaceo Built 1971o Has produced both silicon and FeSio Est. 20,160t FeSi/pa

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Other Projects / Investments

SIGNIFICANT UPSIDE POTENTIAL

DRC

ExplorationIvory Coast

Mining

Regency Mines(AIM: RGM)

Mining + Oil & GasBattery Metals

Multiple licenses covering Cu/Co and Gold prospective areas

80% Interest Early Stage

Gold/Copper/CobaltEarly Stage Gold Exploration

Underexplored with Huge Potential

Birmian Greenstone Belt

GoldNatural Resource DeveloperBattery Metals/Technology

Metallurgical Coal Base Metals

Various

RRR:80% RRR:100% RRR:0.35%

Elephant Oil

Oil & Gas

In Colombia, Arizona and BrazilMultiple Gold Assets

Burgeoning Gold Producer

Gold

RRR:5.11% RRR:1.57%

MiningPara Resources

Onshore Exploration – BeninUnderexplored West African

Transform MarginActivity Planned for 2019

Oil

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Option to Acquire 100% of Kimberlite Operation – Botswana

Existing Plant in Place – 100tphBulk Sampling Underway

Diamonds

RRR:2.67%

ExplorationAmulet Diamond

Corporation


Deep Project Portfolio

Significant Exploration Upside

Key Takeaways

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Multiple Sources of Cashflow


Contact Details

[email protected]

Positioned For Outperformance

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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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RED ROCK RESOURCES Plc · 12/21/2018 · Investor Presentation: December 2018 Operations Update. Steelmin Ltd. IPO Completed. 14.5% HY Dividend Yield. £2.4 Million Received in 2018.

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