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1 Investor Presentation February 2015 Ltd ACN: ASX Ticker: ADV On the trail of a Canadian flake graphite discovery Acquisition of Manitouwadge flake graphite project completed Exploration funding secured Maiden drill program imminent 1

2 Disclaimer Competent Person Statement The information in this presentation that relates to the geology, coal quality and the coal resource estimate in Table 1 is based on information compiled for a new Technical Report by Mr. Geoff Jordan P.Geol., who is a Member of a Recognized Overseas Professional Organization (ROPO) included in a list promulgated by the ASX from time to time, being the Association of Professional Engineers and Geoscientists of Alberta. Mr. Jordan is an employee of Norwest Corporation and has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr. Jordan consents to the inclusion in the document of the matters based on his information in the form and context in which it appears. Forward Looking Statements This announcement may contain some references to forecasts, estimates, assumptions and other forward-looking statements. Although the company believes that its expectations, estimates and forecast outcomes are based on reasonable assumptions, it can give no assurance that they will be achieved. They may be affected by a variety of variables and changes in underlying assumptions that are subject to risk factors associated with the nature of the business, which could cause actual results to differ materially from those expressed herein. All references to dollars ($) and cents in this presentation are to Australian currency, unless otherwise stated. Investors should make and rely upon their own enquires and assessments before deciding to acquire or deal in the Company s securities. 2

3 Corporate Overview Strong shareholder group, board and management with skin in the game 3 ASX Code ADV Shares on Issue million Options on Issue (various) 59.5 million Share Price $0.005 Market $0.005 A$1.6m (undiluted) 3-Month Range A$0.004 $0.01 Top 20 Shareholders 56% Directors/ Management 19% Directors Piers Lewis Neil Hackett James Thompson Major shareholders % RZJ Capital Management 10% Merchant Funds 7% Bell Potter 6% Ardiden Ltd Fully-Paid Ordinary as at 3 February Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Strategy to cost-effectively acquire and develop resource assets in Tier-1 jurisdictions to enhance shareholder value, focusing on commodities with a strong growth outlook

4 A Fresh Start and a New Focus in 2015 Strategic graphite project secured in Canada Reinvigorated growth strategy, name change and successful capital raising Strategic resource project secured in Canada: Manitouwadge graphite project in Ontario acquisition of 100% interest completed February 2015 Primary focus on emerging Manitouwadge graphite project: Metallurgical testwork indicates 55% of the graphite is high-value jumbo or flake graphite Approvals and drilling contractor appointment imminent for a maiden drilling program of 1,000m, planned to commence in 1Q 2015, to test a number of strong EM conductors and outcropping graphite 4

5 Project Locations Manitouwadge Graphite Established Tier-1 mining district, surrounded by major graphite deposits Manitouwadge Graphite Project 5

6 Manitouwadge Graphite Project Emerging flake graphite opportunity to be drilled in early Acquisition of 3,400Ha graphite project in Ontario, Canada completed February 2015 Proven outcropping graphite: Recent channel sampling confirmed flake graphite at surface Ontario Geological Society reports indicate graphite showings in area of 5% (up to 20% locally) Initial field analysis suggests approximately 55% of graphite is premium-priced jumbo/large flake size Simple, low-cost gravity and flotation beneficiation yields 94.8% purity for jumbo flake Six significant EM conductors identified by Noranda (now part of Xstrata), while exploring for VHMS deposits Drilling approvals imminent: maiden drilling program of 1,000m planned to focus on prospective outcropping graphite and EM conductors Drilling program fully-funded following recently completed $300,000 capital raising Located in an established mining province, with good access to infrastructure and local contractors and suppliers: World-class Albany graphite deposit being developed by TSX-listed Zenyatta Ventures is located approximately 100km away

7 Manitouwadge Graphite Project Located near existing mining operations, excellent access to road and rail Located 30-40km NE of the town of Manitouwadge, Ontario (330km east of Thunder Bay) Close proximity to the former Geco Copper Mine, owned and operated by Noranda (now part of Xstrata) from 1954 to km from the TransCanada Highway Nearest rail access point is 20km away Good access to property by logging roads 7

8 Ticking all the Boxes for Graphite Flake size is key with jumbo and flake graphite the premium end of the market Flake Size Jumbo and large flake is significantly more valuable and expected to be in higher demand in the next decade for new technologies, e.g. batteries and electric vehicles USD/ tonne forecasts from industrial minerals analysts, Stormcrow, released June 2014: Source: Stormcrow EM conductors and outcropping graphite Jurisdiction and logistics 8

9 The Six Steps to Striking Success in Graphite Industrial Metals Magazine December Deposit size and quality drilling imminent 2. Location 3. Flake size distribution 4. Product purity 5. Product off-take 6. Timeline to production While still at an early stage, the Manitouwadge Project meets at least three of the key criteria considered necessary to be successful in the graphite industry with an imminent drill program set to determine the fourth (deposit size and quality). 9

10 Excellent Product Characteristics Flake size and beneficiation grade compare favourably with global deposits Flake size distribution Purity of concentrate 10 Source: Industrial Minerals Magazine. Ardiden s figures have been superimposed onto the graphs.

11 Manitouwadge Graphite Planned Exploration Significant upcoming activity with diamond drilling planned in early 2015 Drill approvals sought for up to 2,500m of diamond core drilling: First phase of drilling expected to commence in Q for 1,000m comprising 8 to 10 x 100 to 125m holes Discussions with local drill contractors have commenced Geophysical review of HLEM data completed by CSA Global drill program to target EM conductors (including some up to 1.6km in strike length) which will be correlated and cross-checked with results from the recent channel sampling program undertaken on outcropping graphite Channel sampling results to be combined with drill results for the calculation of a future JORC compliant resource 11

12 The Graphite Opportunity Rapidly growing demand being driven by green technology Source: Byron Capital Markets Demand for graphite is being driven upwards by green technology lithium ion batteries used in electric car batteries, smart phones and tablets Graphite flakes are made up of tiny layers of graphene : Stronger than diamond 200x stronger than structural steel 10x better heat conductivity than copper Highly translucent (only 2.4% of light absorbed) 12 Graphene could make technology thinner, transparent, flexible, and more powerful Graphene has potential in the 21st century to be what steel was to the 19th century and plastic was to the 20th century Paydirt November 2014 issue

13 Other Assets Hinton North Coal Established Tier-1 mining district, with excellent infrastructure characteristics Hinton North Coal Project 13

14 Hinton North Coal Project Large, high quality thermal coal deposit secured on attractive terms Exclusive option to acquire 100% of a 2,700 Ha high quality thermal coal project in Alberta, Canada Maiden JORC Resource of 115Mt announced 17 November 2014* Targeting a bituminous grade coal (5,400 5,800 kcal as received) with low sulphur (circa 0.4%) suitable for domestic markets or export to Japan/South Korea/China from West Coast ports Potential to rework historical mining studies undertaken on the project with a view to applying new and improved mining technology Alberta was ranked no.3 globally for mining jurisdictions by the Fraser Institute in 2013 Attractive acquisition price of less than 1c per resource tonne 14 * Refer to Competent Person Statement on Slide 2 for further information

15 Hinton North Coal Project Location Large, high quality thermal coal deposit in an established coal mining district Located 300km west of Edmonton in the foothills of the Rocky Mountains Numerous other coal mines (marked with triangles) and excellent mining expertise and transport infrastructure in the area 15

16 Hinton North Coal Project Resource & Logistics Large, high quality thermal coal deposit in an established coal mining district HINTON NORTH COAL PROPERTY COAL RESOURCE SUMMARY* (EFFECTIVE DATE NOVEMBER 5, 2014) ASTM Group In-Place Coal Resources # (Ktonnes) + Measured Indicated Inferred HV C Bituminous 80,371 26, Total 106,766 8,720 # Resources tabulated are those suitable for surface mining + Estimated from Surface Down to 20:1 Strip Ratio Limit Hinton North Coal Project Over 7,000m of historical drilling has been undertaken on the property resulting in the estimation of the above resource (see ASX Announcement on 17 Nov 2014) Excellent infrastructure with proximity shown in diagram to nearest town (7km), rail line (10km) and mine (25km). The open access rail line connects to the West Coast BC export ports of Vancouver and Prince Rupert which access key Asian coal markets Town of Hinton (7km) Rail Line (10km) Nearest Mine (25km) 16 * Refer to Competent Person Statement on Slide 2 for further information

17 Other Assets Yinchen Tin Project, Indonesia Opportunity for near-term cash flow subject to securing local approvals 11 Production IUPs (Indonesian mining licence) covering over 1,100 Ha in the heart of the world class Banka-Belitung tin province in Indonesia Joint Venture with commodity trader Tennant Metals Delays with local registration processes, however once granted there is potential for Yinchen to provide near-term cash-flow producing cassiterite (72% tin) for the local smelting industry Expected to be a low CAPEX / low OPEX start-up operation with immediate cash flow Tin is forecast to face significant near-term supply shortfalls which should lead to upwards pressure on the tin price Transaction is currently on hold awaiting receipt of local approvals 17

18 Summary Strong Upcoming News Flow A busy year ahead as exploration kicks off and projects are progressed Next six months: Drill approvals and drill company appointment Mobilising drill company to site (target drill hole locations will be based on a combination of geophysical review (completed), surface expressions and metallurgical test work Manitouwadge drill program commencing Drilling results circa 8-10 x 100 to 125m holes in Phase 1 program Manitouwadge metallurgical test work results further beneficiation / purity tests Acquisition of additional claims (identified) and assets Graphene Longer term (6 to 18 months) Manitouwadge JORC compliant resource Progress on development / funding / off-take for all assets 18

19 Summary Why Invest in Ardiden The start of an exciting new phase of growth New name, new focus and new opportunities for Ardiden in 2015 Strong new asset portfolio led by Manitouwadge graphite Commodities with strong market fundamentals and growth outlook for graphite exposed to technology (battery storage, electric vehicles, graphene) Projects located in Tier One mining jurisdictions Drilling program on Manitouwadge graphite project planned to commence in 1Q 2015 Strong upcoming news flow with near-term catalysts for share price growth Strong board and management with skin in the game Strategy to cost-effectively acquire and develop resource assets in Tier-1 jurisdictions to enhance shareholder value, focusing on commodities with a strong growth outlook 19

20 Investor Presentation February 2015 Ltd ACN: ASX Ticker: ADV On the trail of a Canadian flake graphite discovery Acquisition of Manitouwadge flake graphite project completed Exploration funding secured Maiden drill program imminent 20