Melbourne Mining Club Cutting Edge Series March 2008 Company Overview

China Syndrome “ For the first 18 Centuries of the common era, China and India were the worlds 2 largest economies” Chris Patten – Oxford Commencement address More people speak English as a second language than the entire US population… Largest mass human migration in the history of the world….

China / Copper – its all related Responsible for 0ver 90% of the current demand growth in resource commodities Copper, a synthetic proxy and most sensitive leading indicator on economic growth. World predicted to consume more Copper in next 25 years than in the last 104 years combined.

China / USA..decoupled? India, subprime, inflation... “ In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value…… Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.”…. Alan Greenspan 1966 “But the U.S government has a technology, called a printing press…......that allows it to produce as many U.S. dollars as it wishes at essentially no cost….. We conclude that, under a paper-money system, a determined government can always generate higher spending and hence positive inflation.” Governor Ben S. Bernanke, Before the National Economists Club, Washington, D.C. November 21, 2002

Where to If you agree the fundamentals, then: Long Term, Long duration and Unhedged resources offer leverage to this amazing point in history. And it is just beginning: “A wise investment today, can last you 20+ years.”

Tampakan – Location

Indophil – An Overview World class Tampakan Copper-Gold Project in the Philippines –A new resource estimate: 0.6% Cu (prev:1.97Bt) –Up 10% on previous estimate, and up by 210Mt (MI&I) –Now: 12.8Mt copper (11.6Mt) & 15.2Moz gold (14.6Moz) –Xstrata 62.5%, Indophil 32.5% with agreement to build to 37.5% Strong balance sheet –Net cash >A$100 million Clear Board focus on growth → short term objective to become producer –Mid-cap miner within short timeframe

2007 Pre-Feasibility Outcomes Total Direct Project Capital:US$1.4 billion plus US$0.5 billion in ‘third party’ costs Estimated Production (30Mtpa):210Ktpa Cu and 218Kozpa Au – on Measured Resource Cash Operating Cost:<US$0.66/lb Cu – does not include potential Molly credit Long Term Operating Cost:<US$7.00 per tonne of ore milled Process Outline:Industry standard process involving: 1.Single stage crushing 2.Closed circuit grinding SAG / ball mill circuit 3.Rougher flotation, re-grinding, cleaner flotation 4.Concentrate thickening and de-watering Pre-Feasibility Study:Managed in-house with some of worlds best regarded consultants – Hellman Schofield, AMEC, Golder Associates & GHD

Old Mines/New Projects. Where is it coming from.

Tampakan – The Resource, the Strip Ratio

Tampakan – The Country, Community and Environment Excellent relations developed through extensive community programs –Community development budget >A$0.5 million pa under Principal Agreements –Equal funds allocated to health & education –Education: students & adult literacy scholarships Project currently provides about 500 full-time jobs President’s Environment Award 2006 Baseline environmental studies well advanced Environmental Impact Assessment studies –EIS for FTAA completed and submitted –Technical scoping with government & public consultation

Tampakan – The Country, Community and Environment Excellent relations developed through extensive community programs –Community development budget >A$0.5 million pa under Principal Agreements –Equal funds allocated to health & education –Education: students & adult literacy scholarships Project currently provides about 500 full-time jobs President’s Environment Award 2006 Baseline environmental studies well advanced Environmental Impact Assessment studies –EIS for FTAA completed and submitted –Technical scoping with government & public consultation

A Look at the Project

This presentation contains forward-looking statements that involve subjective judgment and analysis and accordingly, are subject to significant uncertainties and risks, many of which are outside the control of, and are unknown to, Indophil Resources NL (“Indophil”). In such circumstances, the forward-looking statements can be identified by the use of forward-looking words such as “may”, “will”, “expect”, “intend”, “seek”, “estimate”, “believe”, “continue” or other similar words. No representation, warranty or assurance is given or made in relation to any forward-looking statement by Indophil or its representatives. In addition, no representation, warranty or assurance is given in relation to any underlying assumption or that any forward-looking statements will be achieved. Actual future events may vary materially from the forward-looking statements and the assumptions on which the forward-looking statements are based. Accordingly, readers are cautioned not to place undue reliance on such forward-looking statements as a result of the uncertainties. In particular, Indophil wishes to caution readers that these forward-looking statements are based on economic predictions and assumptions of reserves, mining method, production rates, metal prices and costs (both capital and operating) developed by Indophil Management in conjunction with consultants. This presentation and the forward-looking statements made in this presentation speak only as of the date of the presentation. Accordingly, subject to any continuing obligations under the Corporations Act and the Australian Stock Exchange Listing Rules, Indophil disclaims any obligation or undertaking to publicly update or revise any of the forward-looking statements in this presentation, whether as a result of new information, or any change in events, conditions or circumstances on which any such statement is based. © Indophil Resources NL 2008 Disclaimer