Robert WrixonManaging Director

Feb 2011For

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PRESENTATION STRUCTURE

THE COMPANY

THE PROJECTS

THE MARKETTHE MARKET

THE OUTLOOK

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OVERVIEW

Haranga Resources listed on ASX in Dec 2010 via a $25m IPOg $

Five promising iron ore projects in Mongolia→ Close to existing or planned infrastructure→ Ability to access booming Chinese demand

Top quality facilities and personnel→ Access to local business networks→ Deal flow

Mongolian iron ore exports currently yield outstanding margins and the Mongolian iron ore exports currently yield outstanding margins and the market outlook remains strong

Dual strategyDual strategy→ Exploration to develop a resource inventory→ Portfolio upgrade focusing on near term production

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COMPANY SNAPSHOT

Key statistics (A$)Share price / volume history (A$; millions)

Ordinary shares on issue 4-Feb-11 186.75m52 week low 52 week high 30 day VWAP

Fully diluted shares on issue 4-Feb-11 215.25m

Share price 4-Feb-11 $0.615

Market capitalisation 4-Feb-11 $114.85m

Date 8-Dec-10 5-Jan-11

Share price $0.20 $0.74 $0.62

$0.60

$0.70

$0.80

hare

Price

(A$)

7.0

8.0

9.0

Volum

e (m)

p $

Fully diluted market capitalisation 4-Feb-11 $132.38m

Net debt / (cash) 31-Dec-10 $(23.03)m

Undiluted enterprise value $91 82m

Substantial shareholders$0.40

$0.50

$

Sh

4.0

5.0

6.0Undiluted enterprise value $91.82m

Diluted enterprise value1 $103.65m

Name No. Shares Held

% of Shares on Issue

Nefco Nominees 10.50m 5.62%$0 10

$0.20

$0.30

1 0

2.0

3.0

0

Credit Suisse 9.38m 5.02%

$0.00

$0.10

9-Dec-10 23-Dec-10 6-Jan-11 20-Jan-11 3-Feb-110.0

1.0

Directors’ interests

Directors collectively hold 12% of the securities on issue

41. Adjusted for cash received from exercise of optionsSource: Bloomberg as at 4 February 2011

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BOARD

18+ years experience in the resources sector with both major and junior resource companiesBSc (Hons - Geology), Grad Certificate (Mineral Economics) Currently a Director of Hunnu Coal, Avanco Resources, Signature Metals, Copper Range, Laguna Resources and Voyager Resources

Matthew WoodChairman

and Voyager Resources

Robert WrixonManaging Director

15 years commercial experience in engineering, consulting, mineral asset acquisition and exploration managementPh.D in Mineral Engineering from the University of California, Berkeley and honours degree in Chemical Engineering from Princeton University (USA)g g Engineering from Princeton University (USA)Previously Managing Director of Uranio Limited / Manhattan Corporation Limited

Kell NielsenE l ti Di t

Geologist with 18 years experience covering a variety of commodities including gold, base metals, iron ore, phosphate and coal throughout Australia as well as Africa and North America

Exploration Directorp p gCurrently Managing Director of Voyager Resources

Timothy Flavel CA with 20+ years experience in mining and accountingExecutive Director and

Joint Company SecretaryCurrently a Director of Hunnu Coal, Signature Metals, Copper Range and Voyager Resources and Company Secretary of Copper Range, Voyager Resources and Hunnu Coal

Achit-Erdene Founder and President of Mongolia International Capital Corporation (MICC), Mongolia's first investment bank Achit Erdene Darambazar

Non Executive Director

serving clients across all sectors of Mongolian economyMaster's degree in International Relations from Columbia University and a Bachelor’s degree from Middlebury College (USA)

Jason Peterson 16 f i i h fi i l d i

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Jason PetersonNon Executive Director

16 + years of experience in the financial advisory sectorCurrently a Senior Client Advisor, Director and major shareholder of CPS Securities

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MONGOLIA

Government Parliamentary Republic

Key Statistics

President Tsakhia Elbegdorj

Area 1,564,116 km2

Population 3,086,918

GDP US$10.2 billionG US$10.2 billion

Mongolia is an emerging mining destination hosting a number of world class mineral deposits including Oyu Tolgoi (copper) andMongolia is an emerging mining destination, hosting a number of world class mineral deposits including Oyu Tolgoi (copper) and Tavan Talgoi (coal), with three significant iron ore operations that export to China; Eruu Gol, Tayan Nuur and Ervei Khushuu

Mongolian authorities are pro-mining, offering a standard and stable royalty regime and stable government

Economic activity in Mongolia has traditionally been based on herding and agriculture

Mongolia's extensive mineral deposits, however, have attracted foreign investors

Mongolia joined the World Trade Organization in 1997

Growth averaged nearly 9% per year in 2004-08 largely due to high copper prices and new gold production

In October 2009 the go ernment passed long a aited legislation on an in estment agreement ith Rio Tinto and I anhoe MinesIn October 2009, the government passed long-awaited legislation on an investment agreement with Rio Tinto and Ivanhoe Mines to develop Oyu Tolgoi, considered to be one of the world's largest untapped copper deposits

The economy grew an estimated 7% in 2010, largely on the strength of exports to nearby countries→ Trade with China represents more than half of Mongolia's total external trade - China receives about two-thirds of

Mongolia's exports and set to grow due to Mongolia’s mineral wealth and China’s ongoing demand boom

6Source: CIA Factbook

Mongolia s exports and set to grow due to Mongolia s mineral wealth and China s ongoing demand boom

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MONGOLIAN IRON ORE PROJECT LOCATIONS

A primary driver of asset selection was proximity to transport & infrastructuretransport & infrastructure

The Selenge, Shavdal & Sumber projects are also p jclose to existing iron ore mines

T ti l hi h d Targeting large, high grade magnetite skarn deposits

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SELENGE PROJECT (60%)

Large ground holding in Mongolia’s premier iron ore belt just 200km north of UB

Nearby Eruu Gol (300-400Mt), Tumurtei (230-250Mt) and ( )Tumur Tolgoi are noted iron ore deposits*

Eruu Gol iron ore mine:Eruu Gol iron ore mine:– Currently exporting 1 Mtpa– Expansion to 6 Mtpa upon

commissioning of the new rail h b dspur has been announced

– In 2009 CIC invested $500m to obtain 35% of Eruu Gol**

Extremely large project area, massive potential already revealed by historic workWell planned basic exploration program is requiredNew magnetic survey of entire area underway → target generation for drilling in 2011

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New magnetic survey of entire area underway → target generation for drilling in 2011Sources: * Mineral Resources Authority of Mongolia Register of Mineral Deposits; Golomt Bank “Mongolia Economic Review – Dec 2010”

** Wall Street Journal – 29 Oct 2009

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MAGNETICS AT SELENGE PROJECT

All Magnetics at Selenge Magnetic Survey over Dartsagt Area

Just 30% of the area subject to historic surveys, yielding numerous magnetic anomalies

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The magnetics at Dartsagt alone provided five interesting targets (incl. Bayantsogt)

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HISTORIC DRILLING AND TRENCHING AT SELENGE

Bayantsogt MagneticsBayantsogt Plan View

y g g

The previous exploration at Bayantsogt targeted a small extension of the magnetic anomaly

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p p y g g g yIt is expected that the main anomaly would provide significant volume upside

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DRILLING CROSS SECTION AT BAYANTSOGT (SELENGE PROJECT)

Magnetite mineralisation appears to be continuous from surface to a vertical depth of 110m remaining open at depthdepth of 110m, remaining open at depth

Intersections:– 28m at 30% Fe from 50m28m at 30% Fe from 50m– 25m at 32% Fe from 90m

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SHAVDAL PROJECT (75%)

Shavdal located next to the town of Baruun Urt, along the path of the along the path of the proposed new East-West rail line

Close to the iron ore export operations at Ervei Khushuu and Turmurtei Ovoo

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SHAVDAL MAGNETIC SURVEY

High order magnetic anomaly almost 2km in anomaly almost 2km in strike and open to the east

Of the four outcrop samples, three assayed over 95% magnetiteg

Possibility for a large deposit of direct ship (DSO) lit (DSO) quality ore

Commencement of first pass drilling planned in pass drilling planned in Feb 2011

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KHUNDLUN PROJECT (100%)

Khundlun Location Map Khundlun Magnetics

200km trucking distance from rail terminals at Baganuur or Choybalsan3km long magnetic anomaly

14Surface outcrop samples up to 66% magnetite

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TUMURTEI KHUDAG PROJECT (51%)

Tumurtei Khudag Location Map Tumurtei Khudag Magnetics

180km from the rail terminal at Choyr, next to Hunnu Coal’s Unst Khudag developmentOnly 5% of project area surveyed, already significant magnetic anomalies discovered

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Outcrop rock samples up to 86% magnetite

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SUMBER PROJECT (75%)

Sumber Location Map Sumber Outcrop Photo

Excellent location, 50km from the Chinese border crossing at Hangi MandalAdjacent to the Agaruut iron ore development

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Recent geological DD has discovered three new zones of iron outcropping

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SUMBER PROJECT – MAGNETIC SURVEY

Sumber Geology Map Sumber Magnetics (TMI)

All three outcrops are related to one large (4km strike length) magnetic anomalyFurther promising targets to the west of the main anomaly

17Excellent result – drilling is planned for early 2011

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SOURCES OF DEMAND – NORTHERN CHINA

• China’s coastal steel mills primarily use imported iron ore, but the inland steel mills of northern China are largely fed by domestic low grade magnetite minesM li tit t t i f t b tit t f d li i d ti l• Mongolian magnetite concentrate is a perfect substitute for declining domestic supply

Akesu

Urumqi

Tonghua

Existing railway

Symbol 2009 Blast Furnace capacity

Jiuquan Baotou(Inner Mongolia)

Tangshan (Hebei)

Tianjin

Existing railway

Symbol Existing railway

Planned passenger line

Planned railway

Probable railway

Planned Electrical railway

Planned expansion line

capacity<1mt 1mt < capacity < 5mt

5mt < capacity < 10mt          capacity > 10mt

(Hebei) Existing railway

Planned passenger line

Planned railway

Probable railway

Planned Electrical railway

Planned expansion line

18Source: CRU Strategies

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CONSUMPTION INCREASES FORECAST IN NORTH CHINA

Iron ore consumption forecast in selected provinces in proximity to Mongolia(Million Tonnes at average ROM domestic Chinese equivalent grade: 20% Fe)

MONGOLIAJilin48.8

50

Xinjiang32.1

34.6

01020304036.2

01020304050

2009 2015 67 789.5

80

Inner Mongolia

30.336.6

203040

Gansu

647.4793.4

600800

Hebei2009 2015

67.7

020406080

2009 2015

01020

2009 2015 0200400600

2009 2015

19Source: CRU Strategies

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CUMULATIVE DEMAND GROWTH FORECAST FOR NORTH CHINA

Demand is already Massive and set to Grow byalmost 200Mt in just these 5 Provinces…j

Million Tonnes (at average ROM domestic Chinese grade 20% Fe equivalent)

2015 Xinjiang

Inner Mongolia

Total: 1003 Mt 

2012Jilin

Hebei

Total: 937 Mt 

2009

GansuTotal: 814 Mt 

0 100 200 300 400 500 600 700 800

20Source: CRU Strategies

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NORTH CHINA DOMESTIC IRON ORE SUPPLY FORECAST

…while Local Supply is set to Decline

Million Tonnes (at average ROM domestic Chinese grade 20% Fe equivalent)

2015 Xinjiang

Inner MongoliaTotal: 455 Mt 

2012Jilin

HebeiTotal: 530 Mt 

2009

GansuTotal: 468 Mt 

0 100 200 300 400 500 600 700 800

21Source: CRU Strategies

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IRON ORE SPOT PRICE IN TANGSHAN (HEBEI PROVINCE)

Booming demand growth and tight supply has led torecord high spot prices for iron ore in China

Iron ore concentrate price (RMB/t, Fe 66%)

record high spot prices for iron ore in China

1400.0

1600.0

1800.0

RMB1,260/t

800.0

1000.0

1200.0

RMB1,260/t= US$192/t

200 0

400.0

600.0

800.0

0.0

200.0

22Source: CRU Strategies

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HARANGA’S PROJECTS POSITIONED TO ACCESS THE MARKET

D kh

Map of Chinese railway network and potential origins and destinations for Haranga material

Darkhan

Baruun UrtOrigin Destinationof steel mill

Mode of transport

Estimatedfreight cost

Estimated freight rates to key consuming markets from Haranga projects , 2010

Sumber

BaotouTangshan

of steel mill transport freight cost (US$/tonne)

Darkhan(Selenge)

Baotou (InnerMongolia)

Train 27.9

Darkhan Tangshan Train 35 6Darkhan(Selenge)

Tangshan(Hebei)

Train 35.6

Baruun Urt(Shavdal)

Baotou (InnerMongolia)

Train* 23.0

Baruun Urt Tangshan Train* 30 6Baruun Urt(Shavdal)

Tangshan(Hebei)

Train 30.6

Sumber Baotou (InnerMongolia)

Truck 19.3

Sumber Baotou (Inner Truck and 14 3

Haranga’s projectsPotential customers for Haranga in selected provinces

Sumber Baotou (Inner Mongolia)

Truck and train

14.3

Sumber Tangshan(Hebei)

Truck and train

33.2

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Source: CRU Strategies* Assumes proposed new rail line through Baruun Urt is complete

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LOCATION, LOCATION, LOCATION…

Natural Advantage: Mongolian iron ore exports will remain a strong and profitable business even if prices decline

140

strong and profitable business even if prices declineDelivered cost of imported fines to Baotou (US$/t iron ore concentrate)

80

100

120Other business costs²Freight costs³

40

60

80

?? ?

0

20

Q1 A

hemm

in

Q2 A

hemm

in

Q2 I nm

in

Q2 &Afm

i

Q2 &

Ame

mi

Q3 Inm

in

Q4 A

hemm

in Q4

Ame

min

Q4 A

magnm

in

Sum

Dar k

BaruAust. atite es¹

Aust. atite es¹

ndian nes¹

& Q3 S.

rican ines¹

& Q3 S.

erican ines¹

ndian nes¹

Aust. atite es¹

4 S. erican nes¹

Aust. netite nes¹

ber

khan

uun Urt

Data: CRU Strategies ¹ This is based on an average of the costs of this type of mine in this position of the cost curve. Q refers to the quartile of the cost curve ² Refers to the production costs excluding f reight. It includes adjustments made for value in use of ore. ³ The f reight costs

24Source: CRU Strategies

p g g j ginclude inland f reight to the domestic port of the mine, sea f reight to Tianjin and f reight f rom Tianjin to Baotou

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SUMMARY

Haranga Resources has everything in place→ Five excellent projects→ Right commodity in the right location→ Right commodity in the right location→ Mongolian and Australian Expertise in Iron Ore→ $23m in the bank

Future Plans→ Explore our current projectsp p j→ Acquire additional top quality projects→ Build a Resource Portfolio

Move to Production→ Move to Production

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COMPETENT PERSON’S STATEMENT AND DISCLAIMER

Competent Person’s Statement

The information in this report that relates to Exploration Results is based on information compiled by Mr KellThe information in this report that relates to Exploration Results is based on information compiled by Mr KellNielsen, who is a Member of the Australasian Institute of Mining and Metallurgy.

Mr Nielsen has sufficient experience which is relevant to the style of mineralisation and type of deposit underconsideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and OreReserves’.

Mr Nielsen is an Executive Director of Haranga Resources Limited and consents to the inclusion in this reportof the matters based on his information and information presented to him in the form and context in which itof the matters based on his information, and information presented to him, in the form and context in which itappears.

Forward Looking Statements

This presentation includes certain “forward looking statements”. All statements, other than statements ofhistorical fact, are forward looking statements that involve various risks and uncertainties. There can be noassurances that such statements will prove accurate, and actual results and future events could differmaterially from those anticipated in such statementsmaterially from those anticipated in such statements.

Such information contained herein represents management’s best judgment as of the date hereof based oninformation currently available. The company does not assume the obligation to update any forward-lookingstatement.

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