Announcement PDF Maricunga Belt Project: Finding an Elephant in Elephant Country Leo Horn & Marcus Flis, Feb 2018 1 Disclaimer Forward-Looking Statements • This presentation has been prepared by EMU NL. This document contains background information about EMU NL current at the date of this presentation. The presentation is in summary form and does not purport be all inclusive or complete. Recipients should conduct their own investigations and perform their own analysis in order to satisfy themselves as to the accuracy and completeness of the information, statements and opinions contained in this presentation. • This presentation is for information purposes only. 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Given these uncertainties, recipients are cautioned not to place reliance on forward looking statements. Any forward looking statements in this presentation speak only at the date of issue of this presentation. Subject to any continuing obligations under applicable law and the ASX Listing Rules, EMU NL does not undertake any obligation to update or revise any information or any of the forward looking statements in this presentation or any changes in events, conditions or circumstances on which any such forward looking statement is based. Competent Person’s Statement – Exploration Results The information in this report that relates to Exploration Results is based on information compiled by Mr Marcus Flis who is a Fellow of The Australasian Institute of Mining and Metallurgy. Mr Flis is the General Manager of EMU NL and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. MrFlis consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. Creating value from exploration for investors Vidalita located in the richly mineralised Maricunga Belt Salares Norte Goldfields @ 4500m La Coipa Kinross @ 4100m Lobo Marte Kinross @ 4300m Volcan Hochschild @ 5130m Maricunga/Refugio Kinross @ 4400m Cerro Casales Goldcorp/Barrick @ 4650m N Vidalita (EMU) Caspiche Goldcorp/Barrick @ 4650m Chile Argentina A belt with a massive gold, silver and copper 20km 3 Maricunga Belt Project High Sulphidation Epithermal (HSE) Deposit Model Epithermal Au-Ag: Salares Norte La Coipa Esperenza Vidalita! Porphyry Au-Cu: Cerro Casales Caspiche Volcan Refugio Vidalita vuggy silica 5300-2: 50 m (1.2 g/t Au) (After Sillitoe, 2010) Vidalita shows all the alteration of a classic HSE system 4 Vidalita Drilling Large High Sulphidation Epithermal Au-Ag System • Drilling has indicated a mineralised zone of approx 1.4km strike length and up to 400m wide (ASX announcement 5 Oct 2018) • Shallow mineralisation plunges to the north and appears to be controlled by major bounding NNE trending structures • Au-Ag-Cu zonation is emerging – to be tested by 2019 drilling campaign • Possible fault displaces mineralisation to the east – an interpretation that will also be tested by the 2019 drilling campaign A large Au-Ag system >1 km strike by 300 m with shallow NNE plunge 5 Vidalita Drilling Section 5300 N – Defining the High Grade Core • Similar gold mineralised systems in the Maricunga Belt can have high grade gold cores of less than 100m diameter • Vidalita is currently drilled on 200m spaced lines – the hunt for a possible bonanza-grade “gold room” is on • An increase in gold grade and thickness to the east possibly reflects a mineralisation controlling eastern structure High grade eastern structure? 6 Vidalita Along Strike Potential • Magnetic destruction indicates alteration extending for many kilometres • Prominent NE structure extending from Vidalita indicated by 1. Au+Ag+Sb-in-soil 2. Rock chips with vuggy silica and alunite with anomalous Au-Ag 3. Prominent IP chargeability anomaly indicating 5 km disseminated sulphide Large untested strike potential 7 Maricunga Project Landsat 459 Maricunga Mine Arroyo Ancho Jotahues NE Structure Peon Vidalita Alteration signatures: a pathfinder to mineralisation 5 km 8 Arroyo Ancho: Recent Traverse Profile Andesite Cap alteration alteration N 300m (1.5 g/t Au, 30 g/t Ag) 5 km Pervasive alteration and sulphides at surface 9 Current Vidalita Drilling Program • Camp set-up and fully operational • Four AC drillholes completed and fifth in progress • Assays awaited for the first two drillholes • Rock samples collected from Arroyo Ancho & Vidalita NE structure assays awaited • Reconnaissance fieldwork planned 5 km 2019 field drilling season in full swing 10 Appendices 5 km 11 Strong land position surrounded by majors • 136km2 held 120km east of Copiapo, Chile • Emu surrounded by global majors volcano • 3 Tier 1 gold deposits within 30km • Mines operating at over 5,000m asl; no issues at Vidalita 5 km Strategic holding in a highly prospective and sought after area