2. FORWARD LOOKING STATEMENTS
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Certain statements contained in this Presentation are forward-looking
information within the meaning of applicable securities laws. All statements
included herein (other than statements of historical facts) which address
activities, events or developments that management anticipates will or may
occur in the future are forward-looking statements, including statements as to
the following: the timing and length of care and maintenance at the Paroo
Station mine or Burgin Mine and future sales, future targets and estimates for
production and sales, the receipt of required additional financing to restart and
operate the Paroo Station mine, statements relating to the business and future
activities of, and developments related to LeadFX and its subsidiaries, including
the development of water, lead, silver and industrial minerals and aggregates
assets, future tolling agreements, future business acquisitions, future lead
production, development of the Burgin Mine or quarrying on the property of
Chief Consolidated Mining Company, potential partnerships, opportunities to
sell excess real estate, the Company’s ability to meet its working capital needs
and debt repayments in the near term, the circumstances or timing and costs
surrounding a restart of the Paroo Station mine, forbearance by Enirgi Group
Corporation pursuant to the Enirgi Group Bridging Facility, as amended,
projections with respect to cash flows and working capital, the cost and timing
for completion of capital projects necessary for any future operations, the
Company’s ability to comply with the transportation and operating conditions for
the Paroo Station mine, receipt of regulatory approvals, capital expenditures,
operating costs, cash costs, Mineral Resources, Mineral Reserves, life of mine,
recovery rates, grades and prices, business strategies and measures to
implement such strategies, competitive strengths, estimated goals and plans
for LeadFX’s future business operations, commodity prices outlook and other
such matters. Forward-looking statements are often, but not always, identified
by the use of words such as ‘‘seek’’, ‘‘anticipate’’, ‘‘contemplate’’, ‘‘target’’,
‘‘believe’’, ‘‘plan’’, ‘‘estimate’’, ‘‘expect’’, and ‘‘intend’’ and statements that an
event or result ‘‘may’’, ‘‘will’’, ‘‘can’’, ‘‘should’’, ‘‘could’’ or ‘‘might’’ occur or be
achieved and other similar expressions. These statements are based upon
certain reasonable factors, assumptions and analyses made by management in
light of its experience and perception of historical trends, current conditions and
expected future developments, as well as other factors management believes
are appropriate in the circumstances. However, whether actual results and
developments will conform with management’s expectations is subject to a
number of risks and uncertainties, including factors underlying management’s
assumptions, such as, expected concentrate sales when in operations, the
costs and other capital expenditures required to maintain operations and
transportation, the timing, need and ability to raise any additional financing and
the risks relating to ramping up mining and milling throughput and operations,
funding requirements, operations being placed on care and maintenance, the
restart of mining and milling operations, matters relating to regulatory
compliance and approvals, shareholder dilution, matters relating to public
opinion, presence of a majority shareholder and Management Services
Agreements, matters related to the Esperance settlement and shipments
through the Port of Fremantle, regulatory proceedings and litigation and
general operating risks such as metal price volatility, lead carbonate
concentrate treatment charges, exchange rates, the fact that the Company has
a single producing mineral property, health and safety, environmental factors,
mining risks, metallurgy, labour and employment regulations, government
regulations, insurance, dependence on key personnel, constraints on cash
distribution from the Paroo Station mine, the nature of mineral exploration and
development and common share price volatility. While we are not aware of any
misstatements regarding any industry data presented in this Presentation, the
lead and silver industries involves risks and uncertainties and is subject to
change based on various factors. Additional factors and considerations are
discussed in the Company’s annual information form dated March 8, 2016,
elsewhere in other documents filed from time to time by LeadFX with Canadian
securities regulatory authorities. While LeadFX considers these assumptions to
be reasonable based on information currently available to it, they may prove to
be incorrect. These factors may cause the actual results of the Company to
differ materially from those discussed in the forward-looking statements, and
there can be no assurance that the actual results or developments anticipated
by management will be realized or, even if substantially realized, that they will
have the expected results on the Company. Undue importance should not be
placed on forward looking information nor should reliance be placed upon this
information as of any other date. Except as required by law, while it may elect
to, LeadFX is under no obligation and does not undertake to update this
information at any particular time.
All statements, opinions and views contained in this Presentation are solely
those of LeadFX and/or Rosslyn Hill Mining Pty Ltd. and do not constitute any
written or public oral statement of the Sentient Group of Global Resource
Funds or any other third party.
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3. TSX:LFX
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LEADFX Overview
• 100% ownership of the Paroo Station lead carbonate mine in Western Australia
• 1.4M tpa capacity lead concentrator placed on care and maintenance in early 2015
• 6.5M tonnes of Proven and Probable Reserves at 7% Pb*
• 32M tonnes of Measured and Indicated Resources (inclusive) at 4.4% Pb*
• Restart ready with robust economics at today’s lead prices and Australian dollar
• Recently refinanced debt-package and deferred payments to June 2017
• 83% ownership in Chief Consolidated Mining, a lead-silver project located in Utah
advancing to pre-feasibility stage
*As at December 31, 2015. The Mineral Reserves have been prepared and verified by Mr. Andrew Robb, a qualified person currently employed by an
affiliate of LeadFX.. See LeadFX’s annual information form dated March 8, 2016 for further details.
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4. TSX:LFX
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• Focus on LEAD and SILVER projects
• Focus on early CASH GENERATION by using our skills and
experience to DEVELOP and OPERATE responsible cost-efficient
mining operations
• Accumulate lead and silver projects in stable jurisdictions which are
able to be in PRODUCTION by 2020
Strategy
4
Use our expertise and resources to responsibly manage:
• Our Employees
• Our Environment, and
• Our Economic Outcomes
Approach
5. TSX:LFX
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Why Focus on Lead?
• In the 1980’s and 90’s the mantra “Lead is dead” was a common catch phrase around the resources
sector and, as a consequence, little was invested in lead exploration or mine development. A quick
review of electric vehicles confirms that “Lead is NOT dead” as Tesla, Nissan and others include
a lead-acid battery in their latest EVs
• Due to decades of underinvestment in exploration, the mining sector is not prepared to meet the
demand. There are limited new mine opportunities to replace the rapidly depleting resources
• Many lead-silver mines closed in the period from 1970-1990 due to low metal prices and, in some
jurisdictions, increasing regulatory burdens. Many of these dormant mines are now owned by under-
capitalized companies
• Lead is expected to be in a supply / demand balance to deficit in 2017 as demand rebounds and a
portion of current supply is taken off-line. Lead price forecasts for 2017 from Wood Mackenzie
and Metal Bulletin Research are $2,300/t and $2,005/t, respectively, or $1.04/lb and $0.91/lb
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
450,000
$0.00
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
$1.60
$1.80
$2.00
1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016
Lead Price (US$/lb)
LME Lead Stock
5
1Source: UBS Global I/O: Miner’s Price Review
6. TSX:LFX
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LEAD will continue to be an important element in the ELECTRICITY
STORAGE space for at least the next decade
6
Under the hood of a Tesla S Model
you will lead-acid battery
• About 70% of lead produced each year is used in batteries. The most important sector
today is in automobile batteries.
• Growth sectors for electricity storage are grid energy storage systems (ESS) and the
growing global automobile fleet
Grid ESS will store/smooth the electricity supply between traditional and non-
traditional sources and their customers
The growth of lithium battery electric cars still grows the market for lead-acid
batteries
1Source: Publicly available photograph
7. TSX:LFX
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Lead Price – Is it a matter of perspective?
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$1,200/t
$1,400/t
$1,600/t
$1,800/t
$2,000/t
$2,200/t
$2,400/t
$2,600/t
$2,800/t
LME weekly lead price
US$/t AU$/t
From December 17, 2014 to May 11, 2016
• US$ lead price down 4.4% or US$180/t
• AU$ lead price UP 5.6% or AU$130/t
1Source: Internal reports
8. TSX:LFX
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Paroo Station Lead Carbonate Mine, WA
• Operations placed on care and maintenance in Q1
2015 due to low lead price, unfavourable exchange
rates, high treatment charges and ongoing upward
cost pressure caused by WA mining boom
• 4,000 tpd concentrator consisting of crushing,
grinding, sulphidisation, flotation and dewatering
circuits commissioned in 2005
• March 2015 NI 43-101 technical report completed by SRK notes that the
capital costs associated with restarting the project are considered to be
relatively low given the recent operational history
• Unique concentrate can be treated in battery recycling plants
• World-class lead concentrate handling system for mine site, rail and port
facilities
• LEADFX priority to lower site operating costs and capitalize on foreign
exchange advantage
Opportunities
• Potential for toll treatment agreements with South East Asia smelting partners
to provide cost certainty
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Paroo Station Lead Carbonate Mine, WA
Environmental Approvals
• Ministerial Statement 905 deals with environmental conditions relating to mining,
processing and transport
• Existing conditions and approvals are sufficient to re-start operations
• We are in the process of applying for changes to certain conditions to ensure
continuity of operation, including;
• Increasing project footprint to access remaining ore on Magellan Hill
• Export of product from the Port of Fremantle for life-of-mine
• Proposal to modify the transport route financial assurance bond to levels in-line
with the likely worse-case scenario cost
• All twenty local government councils have signed off with no objections to the
proposed changes
• Final submissions to the WA Regulators will be made in June 2016
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10. TSX:LFX
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• 83% owned mineral properties in historic mining district in
Utah
• 14,000 acres of patented and unpatented mining claims in
the state of Utah
• Historical Tintic mining district which produced 1.1 million
tonnes of lead metal and 289 million ounces of silver
• The claims include the Burgin mine which was operated
by Kennecott until 1978.
Burgin mine, Utah - Chief Consolidated Mining
Opportunities
• Partner with technology leader to develop electro-win solutions for lead recovery without
smelting
• Industrial mineral quarrying potential for 97.5% silica and cement-grade calcium
carbonate
• Potential for third party to market mine water
• Investigating opportunity to sell excess real estate to generate income
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• Short-term cash flow opportunity from industrial mineral quarrying is being pursued
11. TSX:LFX
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Resources and Reserves
Paroo Station1
Burgin Mine Extension2
1 From NI 43-101 Technical Report on the Paroo Station Mine, Wiluna, Western Australia dated March 10, 2015 prepared by SRK Consulting (Australasia) Pty Ltd. For LEADFX
Inc. (formerly, Ivernia Inc.)with an effective date of December 31, 2014. See Notes on Mineral Resource and Mineral Reserve Estimates for further information.
2 Burgin Mine Extension Resource Estimate is an historical estimate. A Qualified Person has not done sufficient work to clarify the historical estimate as current mineral resources
and Enirgi is not treating the historical estimate as current mineral resources. See Notes on Mineral Resource and Mineral Reserve Estimates for further information.
Reserves Tonnes (Mt) Pb% Contained Pb Metal (kt)
Proven 1.7 7.2 126
Probable 5.0 7.0 349
Total P+P 6.8 7.0 475
Resources Tonnes (Mt) Pb% Contained Pb Metal (kt)
Measured 6.0 4.5 275
Indicated 25.8 4.3 1,120
Total M+I 31.8 4.4 1,395
Inferred 8.4 4.0 340
Historic Tonnes (Mt) Pb% Contained
Pb (kt)
Ag (g/t) Contained
Ag (Moz)
Zn% Contained
Zn (kt)
Indicated 0.8 9.3 77 249 6.7 3.4 29
Inferred 1.2 14.4 178 298 11.8 5.2 64
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12. TSX:LFX
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Notes on Mineral Resource and Mineral Reserve Estimates
Burgin Mine Extension
The resource estimate for the Burgin Mine Extension is a “historical estimate” as defined under NI 43-101. The
mineral resource estimate for the Burgin Mine Extension is extracted from the “Technical Report on the Burgin
Extension Deposit- Preliminary Economic Assessment, Burgin Project, East Tintic Mining District, Utah County,
Utah, USA” dated December 2, 2011 by Mine Development Associates Inc. for Andover Ventures Inc. and Chief
Consolidated Mining Company with an effective date of November 17, 2011. The mineral resource estimate was
prepared under the supervision of Paul Tietz, C.P.G., of Mine Development Associates Inc. A copy of the full
technical report is available on the SEDAR profile of Andover Mining Corp. at www.sedar.com. While neither Enirgi
Group nor LEADFX has reason to believe the Burgin Mine Extension mineral resource estimate has ceased to be
relevant or reliable, the mineral resource estimate has not been validated by either company. Neither company has
a more recent mineral resource estimate for the deposit. Prior to becoming a current mineral resource estimate,
LEADFX would need to assess work done (such as drill results and the geological model), test assumptions and
verify geological data. Pursuant to the Technical Report, the mineral resource is fully diluted to 10ft by 10ft by 10ft
blocks and tabulated on a silver-equivalent (“AgEq”) grade cut-off of 5.0oz AgEq/ton. Metal prices used in the
calculation are U.S.$18.00 per ounce silver, U.S.$1.00 per pound lead and U.S.$1.00 per pound zinc. Metal
recovery for silver and lead are both 90%, while zinc recovery is 60%.
Paroo Station Mine
The mineral resource estimate and mineral reserve estimate for the Paroo Station Mine is extracted from the “NI
43-101 Technical Report on the Paroo Station Mine, Wiluna, Western Australia” dated March 10, 2015 prepared by
SRK Consulting (Australasia) Pty Ltd. for LEADFX Inc (formerly, Ivernia Inc.) with an effective date of December
31, 2014. A copy of the full technical report is available on LEADFX’s website at www.www.leadfxinc.com and on
its SEDAR profile at www.sedar.com. Mr. Terry Burns FAusIMM, an employee of Warbrooke-Burns & Associates
Pty Ltd., is a “Qualified Person” for purposes of NI 43-101 and he supervised the preparation of and verified the
above mineral resource figures prepared by LEADFX’s consultants. The Mineral Reserve Estimate was developed
by Mr Adrian Jones of AMC Consultants Pty Ltd. (“AMC”). Mr. Bruce Gregory, MAusIMM(CP) of AMC is a
Qualified Person for the purposes of NI 43-101 and he supervised and verified the above Mineral Reserve figures
prepared by Mr Jones.
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13. TSX:LFX
6/10/2016 STRICTLY CONFIDENTIAL - NOT FOR FURTHER DISTRIBUTION
• Focus on LEAD and SILVER projects
• Focus on early CASH GENERATION by using our skills and
experience to DEVELOP and OPERATE responsible, cost-efficient
mining operations
• Accumulate lead and silver projects in stable jurisdictions which are
able to be in PRODUCTION by 2020
Strategy
13
Use our expertise and resources to responsibly manage:
• Our Employees
• Our Environment, and
• Our Economic Outcomes
Approach
14. TSX:LFX
6/10/2016 STRICTLY CONFIDENTIAL - NOT FOR FURTHER DISTRIBUTION
Why LEADFX?
Proven
Management
Restart Ready
Project Pipeline
Stable
Jurisdictions
LEADFX
Advantage
A proven management team with extensive experience in the primary lead
sector including commissioning and operating the Paroo Station Mine.
The flagship Paroo Station Mine in Western Australia is currently on
care and maintenance. Potential restart of operations is scheduled for
H1, 2017 subject to external economic factors and funding.
The Burgin Mine silver-lead-zinc located in Utah to be advanced to
a pre-feasibility level by Chief Consolidated Mining (83% owned by
LEADFX).
Western Australia and Utah ranked 5th and 14th, respectfully, in
the Frasier Institute’s Mining Investment Attractiveness Index in
2014.
A technology advantage through leveraging Enirgi Group’s
existing smelting relationships.
Potential cash flow from industrial minerals on Chief.
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• Remove controllable hurdles to a Paroo Station Mine restart:
• Secure restart financing
• Receive permit extensions from WA Regulators
• Negotiate and secure acceptable treatment terms
• Restart Paroo Station Mine if supported by the external economic
factors
• Evaluate the potential for a Resource upgrade at the Burgin project in
Utah
• Identify suitable merger & acquisition opportunities to grow the lead-
silver portfolio consistent with the strategy
2016-18 Pathway Forward
15
• Generate value and focus by outsourcing or offloading resources
that do not fit our strategy
16. TSX:LFX
CONTACT
Rob Scargill, President and CEO of LEADFX
1 Adelaide Street East, Suite 3001
Toronto, Ontario
Canada M5C 2V9
P | + 1 416 649 9876 E | rscargill@leadfxinc.com W | leadfxinc.com
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A pure Lead & Silver resource company
6/10/2016 16
