Austpac Resources N L : CEOs AGM Presentation – 29 January 2021

Austpac's

Zinc & Iron Recovery Process

Update for 2020

Colin ILES

CEO

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Disclaimer

This presentation is provided to you for information purposes only and should not be construed as and shall not form part of an offer or solicitation to buy or sell any securities or derivatives. It should not be considered as an offer or invitation to subscribe for or purchase any securities in Austpac Resources NL or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in Austpac Resources NL will be entered into on the basis of this presentation.

To the maximum extent permitted by applicable laws, Austpac Resources NL makes no representation and can give no assurance, guarantee or warranty, express or implied, as to, and take no responsibility and assume no responsibility for, the authenticity, validity, accuracy, suitability or completeness of, or any errors in or omission, from any information, statement or opinion contained in this presentation.

Certain statements may be made herein that use the words "estimate", "project", "intend", "expect", "believe" and similar expressions intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties which could cause the actual results, performance or achievements of the Company to be materially different from those which may be expressed or implied by such statements, including, among others, risks or uncertainties associated with the development of the Company's technology, the ability of the Company to protect its proprietary technology, the market for the Company's products, government regulation, changes in tax and other laws, changes in competition and the loss of key personnel. For additional information regarding these and other risks and uncertainties associated with the Company's business, reference is made to the Company's reports filed from time to time with the Australian Securities and Investments Commission and ASX.

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Austpac's Vision

• Identify commodities we want to be in for the long term, seek projects to acquire or develop, build value within our sphere of expertise and then bring in partners to jointly realise the value.
• The strategy is to join with partners who will assist us by shouldering most of the operating and capital risk out of our projects.
• This gives us a better chance to develop projects at the optimal scale, accelerate returns and create greater near-term value for our shareholders.

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Steel Industry By-Product Dust

• Annual iron oxide dust generation globally:
• • Approx. 18 million tonnes
• Recycling Zn-contaminated Fe dust is problematic
• Disposal is costly
• Potential Zn availability 1 - 3 million tonnes
• Industry is focused on recycling this product
• APG has successfully completed the PoC work
• APG's ZIRP process can recycle Zn-Fe dust

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