Announcement PDF Copper, Zinc and Uranium Projects in NT and SA ASX CODE: CXO DISCLAIMER The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Stephen Biggins (BSc(Hons)Geol, MBA) as Managing Director of Core Exploration Ltd who is a member of the Australasian Institute of Mining and Metallurgy and is bound by and follows the Institute’s codes and recommended practices. He has sufficient experience which is relevant to the styles of mineralisation and types of deposits under consideration and to the activities being undertaken 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. Biggins consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. This document has been prepared by Core Exploration Limited (“Core”, “Company”) and provided as a basic overview of the tenements held or controlled by the company. This presentation does not purport to be all-inclusive or to contain all the information that you or any other party may require to evaluate the prospects of the Company. None of the Company, any of its related bodies corporate or any of their representatives assume any responsibility for, or makes any representation or warranty, express or implied, with respect to the accuracy, reliability or completeness of the information contained in this document and none of those parties have or assume any obligation to provide any additional information or to update this document. To the fullest extent permitted by law, the Company, its related bodies corporate and their representatives expressly disclaim liability for any loss or damage arising in respect of your reliance on the information contained in this document (including your reliance on the accuracy, completeness or reliability of that information), or any errors in or omissions from this presentation, including any liability arising from negligence. The mineral tenements of the Company as described in this presentation are at various stages of exploration, and potential investors should understand that mineral exploration and development are high-risk undertakings. There can be no assurance that exploration of the Tenements, or any other tenements that may be acquired in the future, will result in the discovery of an economic ore deposit. Even if an apparently viable deposit is identified, there is no guarantee that it can be economically exploited. This document contains statements which may be in the nature of forward-looking statements. No representation or warranty is given, and nothing in this presentation or any other information made available by the Company or any other party should be relied upon as a promise or representation, as to the future condition of the respective businesses and operations of the Company. 2 Copper, Zinc and Uranium In NT and SA 9 metre mineralised breccia and 30m zone of breccia and veining intersected by drilling Yerelina Zinc Project, SA..….Awaiting Assays Drilling program recently completed on copper drill targets close to KGL & RXL Jervois Domain, NT………….Awaiting Assays New MOU for $2M JV to fund upcoming drilling Blueys and Inkheart, Albarta, NT Outstanding discovery of high grade uranium in world class uranium mining jurisdiction Fitton Project, SA 3 YERELINA ZINC, SA • Core’s recent diamond drilling has intersected a 9.7 metre mineralised breccia zone at Great Gladstone Prospect • Base metal sulphides are observed as zinc (sphalerite) dominant along with lead and significant silver expected • Drilled mineralised breccia also outcrops as gossan at surface in a fault zone interpreted to be up to 1.5km long at Great Gladstone 4 YERELINA ZINC, SA • 9.7m section of mineralised breccias and veining was intersected by diamond drill hole YRDH003 from 144m depth • Drilling has been completed with assays expected in 3-4 weeks • Core awarded SA Government for 50% co-funding towards the cost of planned diamond 5 drilling Diamond drill core of 9 metre zone of intense brecciation with mineralisation and veining intersected by YRDH003 at Great Gladstone Prospect YERELINA ZINC, SA • Base metal mineralisation as breccias with slate clasts in siderite-carbonate-quartz matrix with polyphase banded breccia/veins of sphalerite and silica and ribbons of galena and coarse pyrite • A lower zone of mineralisation at 153.1153.8m consists of banded siderite-carbonate-quartz breccia zone with parallel bands of sphalerite 6 YRDH003 150.2m - Mineralised Breccia (slate, siderite-calcite-quartz-sphalerite-galena) YRDH003 153.4m – Sphalerite and siderite within polyphase vein within brecciated slate. YERELINA ZINC, SA • 38 samples taken on 1 km section of Great Gladstone fault zone • 34 returned combined zinc and lead values excess of 1% and 1g/t silver with the best assays at 14.7% zinc, 11.7% lead and 567 g/t silver 7 YERELINA ZINC, SA Great Gladstone Prospect • Mineralisation intersected at approx. 120m vertical depth • Alteration and brecciation extends on the scale of metres from mineralised zone within a broader 10m halo • Potential for other "shoots" and vein systems as evidenced by the separate lower intersection of mineralisation 8 YERELINA ZINC, SA Big Hill Prospect • Drilling hits 30m wide zone of intermittent breccias and veining at Big Hill Prospect • Box works, voids and iron oxides (after zinc, lead and iron sulphides) in zone of breccias and veining similar to that at Great Gladstone • Breccia zones at Big Hill interpreted to be a shallow oxidised analogue of the mineralised breccias at Great Gladstone 5km away 9 YERELINA ZINC, SA • Magnetic surveys and remote sensing imagery shows clear evidence of numerous historical workings and outcropping mineralisation over hundreds to thousands of metres in repetitious gossanous vein sets over a very broad 8km wide and 3 km long area • Large 100%-owned tenement covering 999km2 • 60km from Perilya’s Beltana zinc mine 10 JERVOIS DOMAIN & ALBARTA PROJECT, NT STRONG COPPER AND BASEMETAL PROSPECTIVITY IN THE EAST ARUNTA Multiple occurrences of copper, base metals and uranium on Core’s tenure 11 CORE’S JERVOIS DOMAIN, NT KGL’s 13m @ 5.75% Cu RXL’s 38m @ 4.4% Cu Substantial intersections of massive copper sulphides in the east Arunta 12 JERVOIS DOMAIN PROJECT • Drilling recently completed on Core’s Big-J zone • Assays in next 3-4 weeks • Big- J interpreted as folded extension to KGL’s J-fold “line of lode” • Geophysical modelling has defined a significant number of strong drill targets within a 15km strike length • Targets have similar geophysics to the adjacent Jervois and Sedex/VHMS 13 style mineralisation JERVOIS DOMAIN PROJECT • Multiple magnetic, conductive and chargeable features at large prospect scale within the Big-J target zone • Targets have similar geophysics to the adjacent Jervois and Sedex/VHMS style mineralisation • 10km long stratiform chargeable zone found at base of sediments and top of mafic sill (Beshi Type) 14 JERVOIS DOMAIN & ALBARTA PROJECT, NT STRONG COPPER AND BASEMETAL PROSPECTIVITY IN THE EAST ARUNTA Multiple occurrences of copper, base metals and uranium on Core’s tenure 15 BLUEYS PROJECT SILVER LEAD ZINC NT • Core’s drilling in 2014 discovered a new silver lead zinc sulphide system on the Albarta project • Up to 1,000g/t silver and 17% zinc and lead intersected in drilling • Very high grades of silver at surface up to 4.5kg/t (4,500 g/t) • 500m long sulphide system drilled and open at depth and along strike at Inkheart 16 BLUEYS PROJECT SILVER LEAD ZINC NT • MOU recently signed with offshore organisation on Core’s Blueys EL 28136 in the Northern Territory • The non-binding MOU aims to establish a Joint Venture (JV) by which the incoming party can earn up to an 80% interest in EL 28136 by sole funding exploration over 2 years • Conditions for JV decision to be completed toward the end of 2015 17 SA AND NT URANIUM PROJECTS 18 CORE’S URANIUM PROJECTS IN SOUTH AUSTRALIA • Core has made an outstanding discovery of high grade uranium on the 100% owned Fitton Project in South Australia • Core’s Fitton drilling in 2012 & 2013 intercepted exceptionally thick and high grade uranium • Significant “new” discovery with genuine upside • Fitton is located in a world-class, lowrisk uranium mining jurisdiction 19 FITTON URANIUM DISCOVERY IN WORLD-CLASS URANIUM MINING PROVINCE Core’s uranium discovery at Fitton only 25km from three operating uranium mines • Proven world-class uranium mining district: – Beverley Mine – Beverly North Mine – Four Mile Mine • Also host to new uranium deposits and exploration discoveries – Four Mile North East – CXO’s Fitton • First class and low risk exploration mining and export jurisdiction 20 FITTON ONE OF THE BEST URANIUM DISCOVERIES IN THE REGION SINCE FOUR MILE Core’s exploration work and drilling to date at Fitton has now confirmed that : • uranium mineralisation outcrops (up to 0.30% U3O8 at surface) • uranium mineralisation has high grade at depth (up to 4m @ 0.31% U3O8) • indications of uranium mineralisation over substantial intersections (60m @ 0.05% U3O8) • uranium mineralisation has been drilled and is open below 150m depth • the mineralised Scott Lee structure has been drilled over 1km of strike and is open in both directions • uranium mineralisation close to major unconformity 21 SCOTT LEE PROSPECT FITTON PROJECT • Host structure associated with mineralisation consistently intersected over 1km • Structure open to both east and west and at depth • Many additional structures close to major unconformity in the region to test 22 SCOTT LEE DRILL RESULTS THICK AND HIGH-GRADE URANIUM INTERSECTIONS Hole SLRC017 21m @ 384ppm (0.04%) U3O8 from 40m Inc. 6m @ 978ppm (0.10%) U3O8 from 54m Hole SLRC022 19m @ 487ppm (0.05%) U3O8 from 79m Inc. 6m @ 1,112ppm (0.11%) U3O8 from 89m Hole SLRC028 60m @ 482ppm (0.05%) U3O8 from 53m Inc. 35m @ 750ppm (0.08%) U3O8 from 53m Inc. 4m @ 3,100ppm (0.31%) U3O8 from 55m 75m @ 268ppm (0.03%) U3O8 from 82m Inc. 31m @ 452ppm (0.05%) U3O8 from 126m Hole SLRC029 23 THICK AND HIGH-GRADE URANIUM CROSS SECTIONS OF DRILLING 24 CATALYSTS FOR PRICE GROWTH • Yerelina Zinc, SA – 9 metre mineralised (Zn/Pb/Ag) breccia and 30 metre intermittent breccia intersected in diamond drilling – Assays in next 3-4 weeks • Jervois Domain, NT – First RAB/RC drill program completed last week – Core’s surveys and modelling has identified strong sedex/vhms drill targets near KGL – Assays in next 3-4 weeks • Albarta Zinc, NT – 2014 drilling discovered new base metal sulphide system – Recent MOU signed for $2M JV to advance project • Fitton Uranium SA – Significant uranium discovery within substantial footprint in world-class uranium mining province (U price sensitive) 25 – Recent acquisition of AGS 25% interest in the Fourmile U Mine next-door values that project at ~$300 million COMPANY INFORMATION Board Shares Price A$ Shares on issue Options (5-10c) Market cap (undil.) Cash (31/09/15) Top 20 (Consolidated) 26 ~$0.025 175M 30M ~$4.5M ~$0.65M ~45% Stephen Biggins - Managing Director (ex SAU, ex IVR) Greg English – Non Exec Chairman (AXE, LCK) Heath Hellewell – Non Exec Director (DKM, ex DRY) 26 Gray Ct, Adelaide SA 5000 Telephone: 08 7324 2987 Facsimile: 08 8312 2002 www.coreexploration.com.au Recent announcements The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Stephen Biggins (BSc(Hons)Geol, MBA) as Managing Director of Core Exploration Ltd who is a member of the Australasian Institute of Mining and Metallurgy and is bound by and follows the Institute’s codes and recommended practices. He has sufficient experience which is relevant to the styles of mineralisation and types of deposits under consideration and to the activities being undertaken 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. Biggins consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. The report includes results that have previously been released under JORC 2012 by Core. The Company is not aware of any new information that materially affects the information included in this announcement. This report also references information previously released by KGL Resources Ltd on 21/07/2014 “Further Jervois results inc. 11.55% copper and 55.7g/t silver” and Rox Resources Ltd on 20/10/2014 “Exceptional Copper Assays From Bonya Mine Drilling”. 21/10/2015 Second zone of breccia and veining intersected at Yerelina This report also includes exploration information that was prepared and first disclosed by Core under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported. The information in all previous announcements has been compiled by Mr Stephen Biggins as the Competent Person and who provided his consent for all previous announcements. The information that was reported in announcements previously released under JORC Code 2004 are announcements dated 13/05/2012 titled Thick and High Grade Uranium Intersections, Fitton Project, SA. and 19/03/2013 titled “High Grade Lead-ZincSilver Assays from S.A. Project” 22/04/2015 Core awarded PACE co-funding to drill zinc project 27 12/10/2015 9 metre mineralised breccia zone at Yerelina Zinc Project 6/10/2015 Cores Jervois Domain Drilling Underway 7/09/2015 Core's Diamond Drilling Underway on Yerelina Zinc Project 7/07/2015 Large zinc and lead anomaly targeted at Yerelina 3/07/2015 Significant uranium transaction bordering CXO Fitton Project 18/06/2015 CXO Awarded Funding to Drill Zn Ag & Pb Mineralisation in NT 16/06/2015 Further Zinc Mineralisation Found at Yerelina 04/06/2015 Jervois Domain modelling defines strong drill targets 02/06/2015 10m wide gossan found at Yerelina Zinc Project 13/05/2015 Multiple drill targets identified at Jervois Domain, NT 5/05/2015 New zinc target identified at Black Gate Prospect 30/03/2015 Study strengthens potential of Core's Jervois Domain Project 10/02/2015 Federal co-funded CSIRO research targets CXO Jervois Domain 29/01/2015 Jervois Domain final AEM confirms conductive targets