Australia-China Mineral Exploration Investment Seminar 2011 Australia-China Mineral Exploration Investment 2011 Exploration and Mining Opportunities in Australia’s Northern Territory Dorothy Close Assistant Director Northern Territory Geological Survey

Australia-China Mineral Exploration Investment Seminar 2011 Australia’s Northern Territory Vast and underpopulated 13% of Australia with 1% of the population Evolving infrastructure New port and bulk handling facility in Darwin - Australia’s closest port to China North-south railway through NT Abundant natural gas with network of gas pipelines Economic driver Mining is the Territory’s largest industry Exploration is booming

Australia-China Mineral Exploration Investment Seminar 2011 Commitment to resource investment Dedicated Chinese investment attraction strategy since Ministerial visits to China 166 inbound trips to Darwin from Chinese groups ~ ¥ I billion investment into NT exploration projects ~ km 2 of exploration tenure held by Chinese companies Strategic alliances with key Chinese organisations: CDB, CGNPC, CCCMC, CMA, ECE

Australia-China Mineral Exploration Investment Seminar 2011 Commitment to resource investment Northern Territory Investment Guide Overview of the requirements for investment in the resource sector within the Northern Territory Northern Territory Investment Opportunities Information on Northern Territory exploration projects seeking investment Information for Chinese investors Chinese website

Australia-China Mineral Exploration Investment Seminar 2011 Commitment to realising potential Investment in geoscience Improving geoscientific datasets over greenfields areas Ensuring improved web delivery of information Information and data for free Partnering in greenfields exploration Successful strategy Record exploration expenditure Record investment in greenfields exploration

Australia-China Mineral Exploration Investment Seminar 2011 Territory’s commodity strengths World class mineral endowment 12 operating mines producing gold, uranium, bauxite, zircon, iron, manganese and lead-zinc New deposits Gold – revitalised exploration in historical fields with numerous projects approaching development Manganese – world leader in manganese production, current opportunities limited to greenfields exploration Pb-Zn - Myrtle Zn-Pb ( % Zn, 0.95% Pb) REEs – Nolan’s REE-P-U 2.8% REO, 12.9% P2O5, 0.02% U3O8 Projects across the NT rich in HREE/LREE Zircon sands -Kilimiraka, SW Bathurst Island % heavy mineral (HM) for 893,700 t HM

Australia-China Mineral Exploration Investment Seminar 2011 Territory’s commodity strengths Exploration Highlights - Uranium Western Arnhem Land Unconformity style Hosts Ranger U mine Caramal: 0.36% U 3 O 8 from 18m 0.31% U 3 O 8 from 2m 0.22 % U 3 O 8 from 24m Company: Alligator Energy Narbalek area Boomerang : 0.16% U 3 O 8 Clapstick : 0.13% U 3 O 8 Coopers : 0.20% U 3 O 8 U40 U-Cu-Au-PGE 6.71% U 3 O % U 3 O % Cu 6.89g/t Au 1.57g/t Pd, 0.96g/tPt Company: Uranium Equities Pine Creek Orogen Numerous new, locally high-grade uranium prospects Thunderball: 3.4% U 3 O 8 incl. 8.0% U 3 O 8 1.5% U 3 O 8 incl. 20.3% U 3 O % U3O8 Company: Thundelarra Exploration Ngalia Basin Sandstone-hosted and newly discovered palaeochannel Hosts 21 Mlb uranium resource at Bigrlyi (owned by CGNC) Afghan Swan: 0.14% U 3 O 8 extensive palaeochannel system – mineralisation over 15 km length Company: Thundelarra Exploration

Australia-China Mineral Exploration Investment Seminar 2011 Territory’s emerging commodities Exploration Highlights - Copper Tennant Creek Cu-Fe-Bi, Cu-Au New copper discoveries generated through HeliTEM survey Monitor % Cu including 3.53% Cu, 13.7% Fe and 847ppm Bi Goanna % Cu including 4.96% Cu Company: Emmerson Resources Ltd Rover g/t Au, 1.2% Cu, 0.1% Co, 0.1% Bi, 2.1g/t Ag Planning exploration decline and bankable feasibility study Company: Westgold Resources Ltd Pine Creek Orogen New discoveries 9.7% Cu 610ppm U3O8) Company: Thundelarra Exploration Arunta Region Range of mineralisation styles Major new copper-silver-gold project at Jervois ( % Cu, 27 g/t Ag) Company: Kentor Gold Basil Cu-Co Contuining promising exploration Company: Mithril Resources

Australia-China Mineral Exploration Investment Seminar 2011 Territory’s emerging commodities Exploration Highlights – Phosphate, Iron ore Roper Iron Field Oolitic ironstone (hematite) High tonnage, moderate grade Roper River project Maiden resource – % Fe Flat-lying, 4-6m thick ironstone unit Beneficiated product: 60-62% Fe; <0.1% P; % Al and <6-7% SiO2 Company: Sherwin Iron Ltd Roper Bar project Total resource: % Fe Area F (East): 20 48% Fe incl % Fe Area E (East): 49.5% Fe incl % Fe Company: Western Desert Resources Ltd Georgina Basin Australia’s premier phosphate province Hosts Wonarah deposit % P 2 O 5 incl % P 2 O 5 Ammaroo New discovery of near-surface high- grade phosphate, locally > 30% P 2 O 5 Maiden Resource: 52 18% P 2 O 5 80 km from railway Company: Rum Jungle Resources

Australia-China Mineral Exploration Investment Seminar 2011 Territory’s emerging commodities Exploration Highlights – Tungsten-Molybdenum, Vanadium-Titanium Molyhil W-Mo project % WO 3, 0.19% MoS 2, 28% Fe Scheelite-molybdenite-magnetite skarn 2007 Definitive Feasibility Study being revised, drilling program underway to increase size and confidence of resource Company: Thor Mining PLC Mount Peake V-Ti-Fe project % V 2 O 5, 5.3% TiO 2, 24% Fe Concentrate: >1.2% V 2 0 5, 18% Ti0 2, 55% Fe Potential production of V 2 0 5, FeV, Fe 2 O 3 and TiO 2 through patented hydrometallurgical technique LOI signed with major Chinese company (ECE) for investment and development Company: TNG Ltd

Australia-China Mineral Exploration Investment Seminar 2011 Expanding resources sector with the closest port to China World class endowment of uranium, lead-zinc, gold, manganese, bauxite, and phosphate Numerous deposits and exploration potential for copper, rare earths, vanadium, tungsten, iron and more. Supportive government, world-class geoscience data available for free New discoveries are being made Australia’s Northern Territory

Australia-China Mineral Exploration Investment Seminar 2011 For more information Please contact us: Dorothy Close Asst. Director Northern Territory Geological Survey Ph: Adam Cunneen Director Resource Trade Development Ph: