Successful In China Your Partner To ‘Go Out’

Well established Australian mining Company. Listed in Australia (ASX) and London (AIM). Been on the ground in China since 2003 when mining sector opened to foreign investment. Profile

Established first Sino Foreign Gold mine in Heilongjiang. Invested in early stage exploration project and developed it into one of the largest gold mines in the province. Extremely successful and profitable co-operation between Sino and Foreign parties. Successful In China

In 2005 Leyshon hosted Australian delegation to MOLAR Vice Minister Wang Min. His advice was to ‘Go West’ where foreign investment is welcome. Leyshon now looking at investing in early stage coal project in Xinjiang. Bringing risk capital and the latest mining, processing and environmental technology. Current Investment

US$ 47 billion of rail and other infrastructure being invested to develop world class thermal coal resources. Autonomous region will become a major energy provider for the rest of China through ‘Coal by Rail’ and ‘Coal by Wire’. Xinjiang is larger by area than Mongolia - has larger (higher energy) thermal coal resources and has the advantage of major infrastructure under development including dedicated coal transport lines. Xinjiang

Inward v Outward M&A Deals Source: Citi Investment Research and Analysis M&A Deals by value

Global Mining EV by Region – 2004 UK USA Source: Bloomberg and Citi Investment Research and Analysis EBITDA (US$m) Canada Australia South AfricaChina

Global Mining EV by Region – 2010 UK USA Source: Bloomberg and Citi Investment Research and Analysis EBITDA (US$m) Canada Australia South Africa China

Targeting mainly coal and iron ore but also a host of other minerals and energy. Types of investment and the range of Chinese investor companies will rapidly diversify. Australia - A Favored Destination

Net M&A Flow by Region (US$bn) Net deal flow direction Source: Bloomberg and Citi Investment Research and Analysis Outward Inward

Australia's FIRB regulations increasingly restrictive - but not a barrier. China's MOFCOM/NDRC regulations equally restrictive - but yet to be tested. FIRB v MOFCOM

Deals by Commodity Type (2001-Present) Source: Bloomberg and Citi Investment Research and Analysis Cumulative deal size ( US$bn )

The key to successful investment into Australia is the same as for that into China: Co-operation with a good partner. "We are with you. You are with us.” Co-Operation

Co -Invest in China with a strong partner. Co-Invest in Australia with a strong partner. We have partners in China. We are looking for partners to join us in investing in Australia. Strategy

Projects in Australia looking for Investment. Strong technical capability. Access to London, Australia and Hong Kong Capital Markets. Strengths

Thank you! Please Contact: Peter Niu -- Chief Financial Officer Lily Cong – Business Development Manager