Sherlock Minerals Company Brief

June 2015Email: sherlock@sherlockminerals.com.au

Disclaimer

Competent Persons Statement:The information in this report that relates to Exploration Targets and Exploration Results is based on information compiled by Mr Peter Reid, who is a Competent Person, and a Member of the Australian Institute of Geoscientists. Mr Reid is a Director of Sherlock Minerals Pty Ltd. Mr Reid has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity 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 Reid consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

This presentation has been prepared by Sherlock Minerals Pty Ltd (the Company). This presentation is being provided to a limited number ofrecipients for the sole purpose of providing preliminary background information to enable recipients to understand the business activities of theCompany. It is not intended as an offer, invitation, solicitation or recommendation with respect to the purchase or sale of any securities.

The Company does not purport to give financial or investment advice. No account has been taken of the objectives, financial situation or needs ofany recipient of this document. The opinions and recommendations in this presentation are not intended to represent recommendations ofparticular investments to particular persons. This presentation does not constitute financial product advice.

To the fullest extent permitted by law, the Company and its associates or any of its directors, agents, officers or employees do not make anyrepresentations or warranties, express or implied, as to the accuracy or completeness of any information, statements, opinions, estimates,forecasts or other representations contained in this presentation. No responsibility or liability for any errors or omissions from this presentationarising out of negligence or otherwise is accepted.

This document has been prepared as a summary only, and does not contain all information about the Company’s assets and liabilities, financialposition and prospects and the rights and liabilities attaching to the Company’s securities. This document should be read in conjunction with anyother reports and information provided or released by the Company.

Some of the statements contained in this presentation are forward-looking statements. Forward looking statements include but are not limitedto, statements concerning estimates of expected costs, statements relating to the advancement of the Company’s investments and otherstatements which are not historical facts. Although the Company believes that its expectations reflected in the forward-looking statements arereasonable, such statements involve risk and uncertainties and no assurance can be given that actual results will be consistent with theseforward-looking statements. Various factors could cause actual results to differ from these forward-looking statements include the potential thatthe Company’s projects may experience technical, geological, metallurgical and mechanical problems, changes in product prices and other risksnot anticipated by the Company or disclosed in the Company’s published material.

Thomas Creek - Potential for a World Class Copper-Gold Porphyry Deposit

• Surface soil copper-gold anomaly extends 1.8 km by 1.2 km and still open.

• Exceptional surface assays up to 7 % Cu and 3 g/t Au.

• Primary chalcopyrite and gold within massive pyrite host saprock found below soil cover.

• Large IP anomaly – at least 300m by 500m in surface area, below mineralisation and starting at approximately 100m depth.

panned pyrite-chalcopyrite sulphides + gold from sap rock ore

shoots

Sherlock Minerals

• Mineral exploration company focussed on discovering high value poly-metallic mineral deposits

• Experienced management team with strong technical and industry credentials: Peter Reid, Graham Ascough, Donald Stephens

• Committed low cost operator to maximise spending of funds on drilling and exploration

TEAM

Senior mining executive and geophysicist with more than 24 years of exploration and management experience

Global experience in project generation and exploration, former exploration manager for major Canadian mining house Falconbridge.

Recently retired MD of Mithril Resources.

Director and Chairman of four ASX listed mining companies

Graham Ascough

Chairman

BSc, MAUSIMM, PGeo

Exploration geologist with 21 years of exploration and management experience.

Involved with Prominent Hill Cu-Au discovery and several successful ASX mineral start up companies.

Founded ASX listed geothermal explorer, Petratherm.

Current Exploration Manager of Petratherm and an executive Director of ASX listed Lawson Gold

Peter Reid

Managing Director

BSc Hons, MAIG

Chartered Accountant and Corporate Advisor with more than 25 years of industry experience

Holds directorships and is company secretary with a number of public listed and private companies

Provides corporate advice over a number of industries

Track record of successful start up of several ASX companies, with strong capital raisings.

Donald Stephens

Director & Company Secretary

BAcc, FCA

Assets

• Exciting range of projects including well advanced, drill-ready targets through to conceptual greenfield plays. All 100% owned!

3758km2 ground holding in South Australia (Granted)

394km2 ground holding in Tasmania (Granted)

• Polymetallic Copper, Gold, Lead, Zinc and Silver VMS Deposits of the Mt Read Volcanic Belt

• Gold – Henty

• Nickel - Avebury

• Tin – Renison Bell

• Tenements cover 38km strike length of the underexplored southern portion of the highly prospective Mt Read Volcanic Belt

• The largest holding of Mt Read Belt in Tasmania!

Western Tasmania – World Class Metal Province

28Mt @ 14.3% Zn, 4.3% Pb, 2.4 g/t Au

16Mt @ 12.6% Zn, 5.9% Pb, 2.2 g/t Au

311Mt @ 1.0% Cu, 0.3g/t Au

2.83 Mt @ 12.5g/t Au

12.0 Mt @ 1.11% Ni

Mt Read Volcanic Belt

24.54 Mt @ 1.41% Sn

• Thomas Creek Copper Gold Project

• Henrietta Nickel Project

• Hill 99 Copper Zinc Gold Project

• Greenfield Polymetallic VMS, Gold and other Nickel Plays

• Sherlock has reviewed historical airborne EM data and has identified numerous targets exhibiting VMS and Ni-PGE type signatures

EM targets (red and blue dots)

Tasmania - Projects

Thomas Creek

Henrietta

Hill 99

Thomas Creek Project

• Large scale geochemical and geophysical target

• Potential for a World Class Sized Deposit

• Classic demagnetised

magnetic ring typical

of porphyry copper

deposits

• Associated with major rift / transfer fault intersection - regional dilational zone

RTP aeromagnetic image and tenement outline

Thomas Creek Porphyry Target

Thomas Creek Copper-Gold Target

• Copper anomaly overlies IP target in centre of magnetic low consistent with the expected response from a porphyry system

Surface IPAnomaly

Copper in soilAnomaly (Cu range 200ppm – 7.0%;sporadic Au upto 3 g/t)

Magnetic Feature

Magnetic Body

IP anomalieson sections

3D View (looking North)

400m

ProposedDrill Collars

Thomas Creek Copper-Gold Target

Panned samples show chalcocite ± covellite (blue-grey) partly replacing chalcopyrite.

Soil anomaly includes exceptional assays up to 7.0% copper 3 g/t gold

Economic grades of primary copper-gold occurs in deeply weathered remnant thick ore shoots, several metres in width and open along strike

Historic Shallow Drilling at Thomas Creek• 8 shallow BQ sized holes completed in 1996

do not test the IP anomaly and appear have been drilled adjacent to parallel shallow high grade ore shoots.

• Broad zones of low grade Cu reported – i.e. TCD2 - 58m @ 0.08% Cu from 40m, TCD5 -15m @ 0.17% Cu from 32m.

• Significant core loss from intensely altered zones – higher copper-gold grades may not have returned sample for assay.

• Strongly altered porphyritic diorite –andesite with extensive hematite stockwork vein system (after primary sulphide?) and intense – silica - K-spar, sericite, chlorite alteration

• Drilling to 60-90m vertical depth (if no uplift)

• May still be in leached Cu depleted

zone!

Typical alterationChl-Ser + hematite stockwork veining

15m @ 0.17% Cu from 32m

Inc. 5m @ 0.21% Cu,0.12 g/t Au

76m @ 0.05% Cu from 45m

Inc. 5m @ 0.1% Cu from 74m

Inc. 9m @ 0.1% Cu from 108m

58m @ 0.08% Cu from 40m

Inc. 9m @ 0.13% from 50m

Inc 27m @ 0.1 from 71m

300m

Henrietta Nickel ProjectGeoTEMZ componentChannels 1-15

GeoTEMZ componentLate time

TMI(magnetics)

Intense late-time electromagnetic high

RTP magnetic image withstrong magnetic highs likely mapping prospective ultramafic rocks

1km

• Reprocessing of historical airborne EM data identified new target not recognised by previous explorers

• Late channel, associated with magnetic high

Henrietta Nickel Project• EM targets coincident with

mapped belt of ultramafic rocks

• Reconnaissance field visit located iron gossan which assayed 0.6% Ni & 52ppb Pt

• EM conductor spans 1.4km of unexplored strike length

• Potential for Avebury style deposit (12Mt @ 1.11% Ni) Geological map with priority 1 EM targets (red circles)

Ultramafic rocks

VMS targets - Padthaway• Cambrian rocks in South

Australia are similar in age, lithology and geochemistry to those in western Tasmania

• Where these rocks outcrop base metal VMS mineralisation is abundant.

• They continue under shallow cover to the southeast, where limited historical drilling indicates the main volcanic source rocks occur

• Conductive cover has previously been an impediment to EM techniques

• New developments in EM technology (eg B-field) will allow Sherlock to generate new targets in this terrain Outcropping Cambrian rocks (purple) continue

under cover in the Padthaway region (aeromagnetic data). Red dots indicate base-metal mineralisation.

EL 5387

31.3 Mt @ 0.8% Cu,

0.2 g/t Au, 2 g/t Ag

1.1 Mt @ 4.9% Zn,

2.0% Pb, 0.1% Cu,

23 g/t Ag, 0.3 g/t Au

EL 5384

EL 5386

EL 5385

Sherlock Cu-Zn-Pb-Ag

Scout roadside drilling by DMITRE (1994) highlighted the prospectivity of this region with the discovery of the Sherlock prospect.

MOO24 - 14m @ .62% Cu from 72m

(inc. 2@ 0.93%) and

17m @ 0.28% Zn from 72m

(inc. 2m @ 0.94%)

Pasminco 1995 – Limited Follow-up

SHR-07 - 8m @ 0.75% Cu, 0.22% Zn from 74m

(inc. 4m Cu @ 1.3%)

SHR-08 - 1m @ 6.1% Cu, 0.6% Zn from 101m

2m @ 1.67% Zn, 0.77% Pb and

24 g/t Ag from 91.5m

+ other anomalous Cu-Pb-Zn shows and alteration

To date no serious systematic follow up, no regional exploration around Sherlock, or along the Padthaway Belt

VMS targets - Padthaway

Chalcopyrite + Sphalerite,Sherlock Prospect

EL 5384

• VMS mineralisation is magnetic - discrete magnetic anomalies

• 41 targets identified on Sherlock's Padthaway Leases !

VMS targets - PadthawayKanmantoo Mine31.3 MT @ 0.8% Cu,0.2 g/t Au, 2g/t Ag

Angus Mine1.1 Mt @ 4.9% Zn, 2.0% Pb, 0.1% Cu, 23 g/t Ag, 0.3 g/t Au

Untested targets

Untested targets

Example of some of the untested targets

Forward ProgramThomas Creek Extend geochemical and geophysical

surveys to define extent and best areas to drill test

Padthaway Project Advance VMS targets with EM / IP geophysical surveys to drill ready status

Drill Test Thomas Creek Copper-Gold Project- Initially approx. 4 x 350m holes

Henrietta Nickel Project- Initially approx. 2 x 200m holes

Padthaway Copper-Zinc-Lead-Gold-Silver Targets- Initially approx. 10 x 200m holes

Budget $4 to $6 Million

Business Model• The current minerals investment market is

poor, but will improve quickly when it turns.

• Sherlock is a low cost operator – no office, no directors fees, no employees – all funds directly spent on advancing projects.

• JV partners and/or potential additional seed monies sought to assist funding near term pre-drill exploration.

• IPO/RTO when the market improves.