A: Tellus Holdings Ltd, Suite 2, Level 10, 151 Castlereagh Street, Sydney, NSW, 2000 T: +61 2 8257 3395 | F: +61 2 8233 6199 | E: info@tellusholdings.com.au W: Tellusholdings.com.au | ABN: 97 138 119 829

NEWS UPDATE

22nd September 2016 TELLUS PRESENTS AT THE 10TH MINING THE TERRITORY CONFERENCE

Tellus Holdings Ltd (“Tellus”) is pleased to advise that its Managing Director, Mr Duncan van der Merwe presented an update on the Chandler Proposal at the 10th Annual Mining the Territory Conference held in Darwin on the 14th September 2016. Please find attached a copy of the presentation. This presentation is also available on the Company’s web site http://www.tellusholdings.com/investor_presentations.php

Fig 1: Chandler Proposal conference presentation Fig 2: Procurement panel discussion

About Tellus Holdings: Tellus Holdings Ltd ("Tellus") is an infrastructure development company in the business of creating economic, social and environmental value from waste, clay and salt resources. This dual revenue model involves mining the commodities kaolin clay and rock salt in thick dry remote beds which creates world’s best practice geological repositories. The voids created by mining are then used to store equipment, archives or waste using a multi barrier system as part of an overall safety case. Tellus plans to permanently isolate hazardous waste using environmentally sound management (ESM) principles that protect the environment and human health. Tellus also supports the circular economy using long term storage by placing like-with-like materials for operational safety reasons and to create opportunities for the future recovery of valuable materials. Tellus’ business model mirrors international solutions operating in the UK, Europe and North America. Tellus is developing the proposed Sandy Ridge facility in Western Australia (WA) and the proposed Chandler facility in the Northern Territory (NT) which has been awarded Major Project Status by the NT Government For further information: Visit: www.tellusholdings.com.au or contact: Duncan van der Merwe Managing Director Tel: +61 (0)2 8257 3395 Corporate and Chandler Project:

Jane Munday Michels Warren Munday (Media) Mob: +61 (0)427 880 083 Sandy Ridge Project:

Cameron Morse FTI Consulting (Media) Tel: +61 (0)8 9485 8888

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TELLUS HOLDINGS LTD

Chandler Proposal Update

10th Mining the Territory Conference, Darwin

Duncan van der Merwe, MD

14th September 2016

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Table of Contents

1. Tellus’ Strategy and History2. Our Assets and Projects3. The Chandler Proposal4. Commercial Progress5. Next Steps6. Questions

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Safety and QualityTellus’ strategy is safety first and we maintain internationally recognized management systems

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Strategy and History

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Tellus - Background and Strategy

Vision:

Create economic, social and environmental value from waste, salt

and clay resources

Customer value add proposition:

Permanently isolate difficult to manage waste using ESM principals, remove

customer’s contingent liability

Long term reliable supplier of quality salt and kaolin commodities

Public unlisted company (2009)

Buy local and hire local policy with a strong indigenous participation program

Operational strategy:

Mine underground rock salt and kaolin and fill the space left from mining with

equipment and industrial waste

Project infrastructure developer:

ClayVault WA JV (WA Gov site)Chandler Proposal (NT)

Sandy Ridge Proposal (WA)National warehouse footprint

Business model & safety case:

Follows world's best practice solutions operating in Europe and

North America

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Tellus Strategy - Proven International Model

150 projects includes <500 caverns and mines

Rock salt is globally recognized to be a suitable host rock for permanent storage.”

Source: Prognos 2012, GRS report for UNEP

Europe a leader in UG salt storage – Germany 20 mines

German salt mine

German salt mine

N. American salt mine UK salt mine UK salt mineN. American salt

mine

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History of Tellus

Over the last 6 months, Tellus has achieved significant progress

2009 – 2011 Incorporation of Tellus Global review - 50 stakeholders (EU & N. America)

IWDF/ Sandy Ridge Concept Study completed

Site selection studies over 5 salt beds across Australia

Started engagement with local communities

2012 – 2014 5 year (3+2) contract to operate the IWDF

granted to ClayVault (50/50 JV with Aurora) SR & CH Scoping Study (FEL 1) completed

Continued engagement with local communities and building social licence

First and seconed round Sandy Ridge drilling (over 207 holes were drilled - 5,607m)

First round Chandler drilling (2 holes 1,936m)

35 t pilot project produced 9 t of saleable kaolin

Major Project status granted by NT Government for Chandler Proposal

2015 – 2016 Completed 2nd Ch. drilling prog.(8 waterholes) Dry (Germany) wet (US) pilot project

Independent value engineering reviews completed, improving project economics

SR Interim BFS (FEL2.5) completed Chandler PFS (FEL 2) Update completed

Base line studies for EIS

Continued Gov. & local community engagement Lodged Sandy Ridge Public Environ. Review (PER)

Toll logistics agreement executed

Signed MOUs –with customers Board and management team strengthened

Indicative debt term sheet for SR

Debt equipment financing MOU for Chandler

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Ex Shell, NSW Minerals CouncilVIC Haz Waste Consult. Committee

Ex Head-AMP Capital Investors, CEO Tenix Infrast. & Lend Lease Capital

Philip GarlingNon Executive Chairman

Duncan van der MerweGroup MD

Ron Sifton NED

Dr Nikki WilliamsNED

EX CFO Newalta, Canada’s biggest salt storage operator

Experienced Board and management team with key individuals retaining a proven global track record developing salt and kaolin mines, infrastructure projects, and heavily regulated storage facilities

Noel DavisMD ClayVault WA

Ex WA Environmental Regulator, Managed only Class V waste facility

Commercial and Technical Team

Tellus founder, Ex Gencor (Billiton)Bank of Scotland & Nobles Group

Ex SLR, KMH Environmental and WYG

Ex BD Coffey Environmental, IBM

Robert CharterRegional BD Manager

Richard McAreeGM Sales & Marketing

Maurice SauzierRegional BD Manager

Ex. Coffey Int. Wesfarmers Ltd (CSBP), International SOS, Falck, Sonic Health

Jaime LiveseyProject Admin./ Snr Geologist

Ex EPMS, Project Manager at WA Kaolin

Mike IngramSandy Ridge Project Manager

Ex Wiltshire Geological, Schlumberger, TerraSearch

Steve ReeceTechnical Services Manager

Ex Compass Minerals -Managed UK salt & MinosusUnderground waste facility for 14 yrs

Richie PhillipsEnvironmental Approvals Mgr

Senior Environmental Scientist, Ex GHD, URS, and WS

Jonathan FisherCFO & Company Secretary

Project Finance expertise, ex Rothschild Infrastructure, Atlas Iron

Steve HoskingChandler Project Manager

Experienced BFS Study Leader, Ex Atlas Iron, BHP

Katriina TahkaHuman Resources

Co-CEO of A Human Agency & provides HR advice & strategy

Henriette RossouwOccupational Hygienist

12 years exper. Occup. Hygienist & Rad. Safety Specialist in waste, infrastr. & mining

Joe LuxfordUnderground Advisor

40 years of experience in mining ops & project development

20 years of experience in office admin. & accounting

Claudia KnightsOffice Manager

Ex CEO BIS, Cleanaway, Chairman WSN Environmental Solutions

Chris BerkefeldNED

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Recent News: Toll Agreements

Tellus signs a national Logistics Services and Infrastructure Agreement with Toll

Commercial • Signed an overarching collaboration agreement • Signed Services and Infrastructure Agreement

Collaboration

• Early Contractor Involvement (ECI) • Transport to/ from Site and on site support services • Port & Facility Logistics Infrastructure Services • Joint Marketing Services

National footprint

• Toll to supply 8 warehouses – brownfield licenced and operating dangerous goods & haz. waste handling facilities

• Using a hub and spoke logistical model

Toll commodity logistics services Toll storage and transport logistics services Tellus board inspecting Toll warehouse

Joint Marketing

• Major current supplier to Tellus’ target customer base • Sales force of over ~500 people

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Assets, Projects and Proposals

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Clayvault (WA) – Intractable Waste Disposal Facility

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National Storage & Transfer Facility Network

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Sandy Ridge Proposal (WA)Artist impression after 11 years of operations

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Sandy Ridge Proposal (WA)

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Chandler Proposal (NT)

1.5 km

820 m vert shafts

3.2 km

1.8 km0.8 km

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Chandler Proposal - SummaryCategory Detail

Location • 120km South of Alice Springs, Northern Territory

Business• Waste storage, recovery and permanent isolation• Equipment and archive storage• Industrial and specialty salt sales

Capacity • Storage licence (Yr1 30 k t, LOP ave 340 k t)• LOP ave~ 895 k tpa salt sales

Life of Operation

• 25 years operation (initial licence)• >500 years potential mine life

Facility

• Surface processing plant, 2MW solar• Underground access by decline (5.7km) and 2 shafts • Room and pillar (250mL 15m W, 6m H), ave 12 rooms pa• UG contractor miner & Tellus waste operator

Jobs• Construction 270 – 540 (including indirect) • Production – 180 – 216 (2 shifts / day 12 hrs/ shift, 14

days on 7 days off, crews, Mgt 9 days on & 5 days off)

Pre-Devel‘t • BFS (FEL3) and (FEL4) Total $14.6 M

CAPEX • A$676 M (nominal, including finance)

OPEX • Labour (28%), Infra. Services (24%) power (15%),

Economics • IRR (Equity, post-tax, nominal) attractive• NPV (Equity, 10% discount, post-tax) attractive

Chandler Facility surface layout

Short term cash flow during mine build (existing brownfield facilities)

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Chandler Proposal - Apirnta Facility (NT)

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Chandler Proposal - StudiesBaseline and supporting studies for the EIS

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Chandler Proposal - Examples of Local Community Support

Tellus supports training, local jobs and business, investment and regional development

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Chandler - Signed $120M Equipment Supply MOU

Signing ceremony with CCTEG, Tellus and witnessed by NT Government

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Chandler - Signed Salt Offtake AgreementSigning ceremony with PT Damarcio, Tellus and witnessed by Indonesian Government

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Chandler – Technical International Tour5 European countries,12 organisations, 14 site visits, met multiple international experts,

confirmed Tellus’ design operation and closure plan meets “best practice”

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Chandler – Technical International Tour5 European countries,12 organisations, 14 site visits, multiple international experts

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Government Policies that Align with Tellus Projects

Jobs - Local & Indigenous Tellus plans to offer diverse mine & storage jobs, disability jobs, rehabilitated prisoner jobs, ranger programs

Training & SkillsYouth: School to Jobs Tellus plans to offer pre-employment training (Trainee ships, Apprentices) and on the job employment training

Royalties & TaxesTellus pays Federal, State and Territory taxes, royalties and levies

Jobs - Women Tellus’ will develop a “Sisters in Mining” Program

Community InvestmentTellus’ investment supports sports, education, environment grants for indigenous & non-indigenous local groups

Waste InfrastructureTellus’ projects improve waste utility services and are enabling infrastructure for other sectors

Contracting Local & IndigenousTellus plans to buy local & hire local, multiple business opportunities and Tellus can support social enterprises

InnovationCircular economyCollaboration with Uni’s & R&DDriving high skilled, high paid FTE

Diversifying the Economy Developing the NorthRegional development

SustainabilityGHG Reduction - generate Carbon credits2 MW solar project (Chandler)Environ. offset area (Chandler)Bilby Reserve (Chandler)

Product Stewardship Reg’sWaste oil, asbestos, e-waste, tyers, batteries, mercury, medicines

Commodity ExportsTellus kaolin & salt exports support logistics services and strengthen Asian trade

Transport of Dangerous Goods Reg’sObjective is to prevent accidents & safe transport (packaging)

Environmental Protection Reg’sObjective is mininimize adverse impacts on environment & human health (environmentally sound management) & meeting national and international obligations:

Haz. Chem. (OHS Reg’s) Objective is to reduce OHS risk in the workplace (classification, labelling), addressed under Australian Work Health & Safety regulation (eg GHS)

Government Environmental & Haz. Waste PoliciesFederal, State and Territory Government Social and Economic Policies

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Chandler Proposal - Next Steps

Nov 2016BFS Stage 1 Kick-off

Oct 2016Submit Draft EIS (Adequacy Review)

Aug 2017BFS Stage 2 Kick-off

2018Final Investment Decision

Oct -Dec 2016NT Community Consultations

Jan 2017EIS Public Consultations

Jan -Mar 2017NT Community Consultations

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Chandler Proposal – Next StepsAs part of the Proposal’s EIS process, Tellus will be hosting a number of community information sessions

Questions?

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DisclaimerSummary information This presentation (Presentation) has been prepared by Tellus Holdings Ltd (ABN 97 138 119 829) (‘Tellus’) and is for information purposes only. This Presentation contains summary information about Tellus and its subsidiaries and their activities current as at the date of this Presentation. The information in this Presentation is of general background and does not purport to be complete. It should be read in conjunction with other periodic announcements on www.tellusholdings.com.au. The key information on detailed exploration target statements, mineral resource estimates, and feasibility results can be found in Tellus’ publically released media announcements. Exploration target statements and mineral resources estimations are appended to comply with ASX guidelines but investors are urged to read supporting information in full available on the company’s website, and available in their data room.

Future performance This Presentation contains certain “forward-looking statements”. Forward looking words such as, “expect”, “should”, “could ”, “may”, “plan”, “will”, “forecast”, “estimate”, “target” and other similar expressions are intended to identify forward-looking statements within the meaning of securities laws of applicable jurisdictions. Indications of, and guidance on, future earnings and financial position and performance are also forward-looking statements. Forward-looking statements, opinions and estimates provided in this Presentation are based on assumptions and contingencies which are subject to change without notice, as are statements about market and industry trends, which are based on interpretations of current market conditions, and independent third party expertise. Such forward-looking statements, opinions, and estimates are not guarantees of future performance.

Not an offer This presentation does not constitute an offer, invitation, or recommendation to subscribe for or purchase any security and neither this presentation nor anything contained in it shall form the basis of any contract or commitment.

Competent Person Statements – Chandler ProjectAny references to reserve and resources estimations should be read in conjunction with Tellus’ Ore Reserves and Mineral Resources statement for its projects as loaded onto Tellus’ web site. The information in this presentation that relates to Mineral Resources - Chandler Proposal - is based on information compiled by ERCOSPLAN Ingenieurgesellschaft Geotechnik und Bergbau mbH (‘ERCOSPLAN’). Jana Neubert is a senior geologist and employee of ERCOSPLAN and a member in good standing of the European Federation of Geologists registered as “European Geologist” (Registration Number 1033).

Competent Person Statement – Sandy Ridge ProposalThe information in this presentation that relates to Mineral Resources - Sandy Ridge Proposal - is based on information compiled by Terra Search Pty Ltd. Mr Jenkins is Principal Geologist of Terra Search and a Member of the Australian Institute of Geoscientists. Mr Jenkins has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he has undertaken to qualify as a Competent Person as defined in the 2012 edition of the Australasian Code for the Reporting of Mineral Resources and Ore Reserves.