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Page 1: Mines & Money, Hong Konginvestorintel.com/wp-content/uploads/2014/03/NTU-3-25.pdfThe information in this report that relates to Exploration Results or Exploration Targets (other than

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George Bauk Managing Director / CEO

Mines & Money, Hong Kong

MARCH | 2014 | ASX:NTU

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This presentation has been prepared by Northern Minerals Limited (“Northern Minerals” or the “Company”). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this presentation.

This presentation contains forecasts and forward looking information. Such forecasts and information are not a guarantee of future performance, involve unknown risks and uncertainties. Actual results and developments will almost certainly differ materially from those expressed or implied. Northern Minerals has not audited or investigated the accuracy or completeness of the information, statements and opinions contained in this presentation. Accordingly, to the maximum extent permitted by applicable laws, Northern Minerals makes no representation and can give no assurance, guarantee or warranty, express or implied, as to, and take no responsibility and assume no liability for, the authenticity, validity, accuracy, suitability or completeness of, or any errors in or omission, from any information, statement or opinion contained in this presentation.

You should not act or refrain from acting in reliance on this presentation material. This overview of Northern Minerals does not purport to be all inclusive or to contain all information which its recipients may require in order to make an informed assessment of the Company’s prospects. You should conduct your own investigation and perform your own analysis in order to satisfy yourself as to the accuracy and completeness of the information, statements and opinions contained in this presentation and making any investment decision.

The information in this report that relates to Exploration Results or Exploration Targets (other than for the John Galt Project) is based on information compiled by Mr Robin Wilson, a full-time employee of Northern Minerals, a Competent Person, who is a member of the Australasian Institute of Mining and Metallurgy. Robin Wilson has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Wilson consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. 

The information presented herein in relation to Browns Range Mineral Resource Estimation is extracted from the ASX announcement dated 26 February 2014 titled “Wolverine Total Resource Doubled in a Major Upgrade of Browns Range HRE Mineral Resource Estimate”.  The Competent Person responsible for the Browns Range Mineral Resource Estimate is Mr John Tyrrell, a full time employee of AMC Consultants Pty Ltd.  This report is stored on the ASX website under ASX:NTU announcements and on Northern Minerals website, www.northernminerals.com.au Northern Minerals confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement dated 26 February 2014 and in the case of estimates of Mineral Resources, Northern Minerals confirms that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed.  Northern Minerals confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement. 

The information in this report that relates to the John Galt Project accurately reflects information prepared by competent persons (as defined by the Australasian Code for Reporting of Mineral Resources and Ore Reserves). It is compiled by Mr R Wilson, an employee of the Company who is a Member of The Australasian Institute of Mining and Metallurgy with the requisite experience in the field of activity in which he is reporting. Mr Wilson has sufficient experience which is relevant to the style of mineralisation and the type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Wilson consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

The information in this report that relates to metallurgical statements and analytical data is based on information compiled by Mr Tony Hadley (BSc double major in Extractive Metallurgy and Chemistry) a full-time employee of Northern Minerals who is a member of the Australasian Institute of Mining and Metallurgy. Mr. Hadley has sufficient experience which is relevant to the type of mineralisation and metallurgical processing techniques under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Hadley consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

TREO = Total Rare Earth Oxides – La2O3, CeO2, Pr6O11, Nd2O3, Sm2O3, Eu2O3, Gd2O3, Tb4O7, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3, Y2O3 HREO = Heavy Rare Earth Oxides – Total of Sm2O3, Eu2O3, Gd2O3, Tb4O7, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3, Y2O3

Important Notice F

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Volume Period average volume Share price

High $0.27

Low $0.098

Major Shareholders

Australia Conglin International Investment Group 45.5%

Other Board & Management 4.0%

Top 40 Shareholders 73.9%

ASX Code: NTU

Ordinary Shares 407M

Listed Options (NTUOB) 67M

Unlisted Options and Performance Rights 18M

Market Capitalisation (at 27 Febr 2014 @ $0.175#) $71M#

Cash (17 March 2014) $6.5M#

Capital Structure S

hare

price

($)

NTU 12 Month Price and Volume

#All in Australian Dollar denominations

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Yttrium58.21%

Praseodymium0.68%

Lanthanum1.91%

Neodymium3.15%

Cerium4.77%

Dysprosium

8.79%

Gadolinium5.71%

Erbium5.33%

Ytterbium4.39%

Samarium2.12%

Europium0.44%

Lutetium0.60%

Thulium0.74%

Terbium1.32%

Holmium1.84%

Heavy Light

Based on February 2014 Wolverine JORC compliant Indicated Mineral Resource estimate

Dy

Value Proposition Dominance of Heavy

Rare Earths, 84%

Simple Beneficiation 25 times upgrade

357% Resource Upgrade to 47,997,000kg TREO

Pathway to Production for 2016

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0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% $- $10 $20 $30 $40 $50 $60 $70 $80 $90 $100

HREPercentage

LREPercentage

HREValue

LREValue

LRE v HRE Comparative Percentage Distribution Company/Project/Country HRE v LRE Comparitive Value Distribution

IONIC CLAYS, Longnan

NORTHERN MINERALS

Namibian Rare Earths

Tasman

IONIC Clays, Xinfeng

Ucore

IONIC Clays, Guandong

Avalon

Alkane

IONIC Clays, Jiangxi

Rare Element Resources

Lynas

Baogang Rare Earths

Molycorp

Competitor Comparison

Note: Values represent $US/kg based on the Metal Pages China FOB price as of June 7 2013. In-situ values are for comparison purposes only and make no assumption with respect to grade or recovery

LRE:La2O3, CeO2, Pr6O11, Nd2O3 HRE: Sm2O3, Eu2O3, Gd2O3, Tb4O7, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3, Y2O3* Source: Roskill RE Report 2011

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Project:

BOULDER RIDGE

Project:

JOHN GALT

Project:

BROWNS RANGE

N

Darwin

Kununurra

Wyndham

HallsCreekBroome

Australia: A Mining Country

Western Australia ranked as the WORLD’S MOST ATTRACTIVE investment destination by the Fraser Institute of Mining Companies, 2013 F

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Stockpiling HRE Illegal Mining Upwards Pressure Import Market Production Phase Prices Above HRE Focus Lower cost base

HRE

Stockpiling HRE Illegal Mining Upwards Pressure Import Market

OUTLINES CONVERTED TO FILLS

Production Phase Prices Above HRE Focus Lower cost base

Stockpiling HRE Illegal Mining Upwards Pressure Import Market Production Phase Prices Above HRE Focus Lower cost base

HRE

Stockpiling HRE Illegal Mining Upwards Pressure Import Market

OUTLINES CONVERTED TO FILLS

Production Phase Prices Above HRE Focus Lower cost base

Stockpiling HRE Illegal Mining Upwards Pressure Import Market Production Phase Prices Above HRE Focus Lower cost base

HRE

Stockpiling HRE Illegal Mining Upwards Pressure Import Market

OUTLINES CONVERTED TO FILLS

Production Phase Prices Above HRE Focus Lower cost base

Stockpiling HRE Illegal Mining Upwards Pressure Import Market Production Phase Prices Above HRE Focus Lower cost base

HRE

Stockpiling HRE Illegal Mining Upwards Pressure Import Market

OUTLINES CONVERTED TO FILLS

Production Phase Prices Above HRE Focus Lower cost base

Stockpiling HRE Illegal Mining Upwards Pressure Import Market Production Phase Prices Above HRE Focus Lower cost base

HRE

Stockpiling HRE Illegal Mining Upwards Pressure Import Market

OUTLINES CONVERTED TO FILLS

Production Phase Prices Above HRE Focus Lower cost base

The RE marketing landscape

7

HRE prices resilient and above pre-2010 levels

Lynas and Molycorp shifting to production phase

LRE supply resolved focus shifting to HRE

Chinese government stockpiling HRE while prices are low

Shortcomings of illegal mining becoming apparent - glut of unmarketable product in Europe

Industry consolidation ongoing in China, creating import market for non-integrated producers

HRE suppliers reporting upward pressure in demand

Offtakers demanding lower cost base in line with Chinese producers – only possible with xenotime

Stockpiling HRE Illegal Mining Upwards Pressure Import Market Production Phase Prices Above HRE Focus Lower cost base

HRE

Stockpiling HRE Illegal Mining Upwards Pressure Import Market

OUTLINES CONVERTED TO FILLS

Production Phase Prices Above HRE Focus Lower cost base

Stockpiling HRE Illegal Mining Upwards Pressure Import Market Production Phase Prices Above HRE Focus Lower cost base

HRE

Stockpiling HRE Illegal Mining Upwards Pressure Import Market

OUTLINES CONVERTED TO FILLS

Production Phase Prices Above HRE Focus Lower cost base

Stockpiling HRE Illegal Mining Upwards Pressure Import Market Production Phase Prices Above HRE Focus Lower cost base

HRE

Stockpiling HRE Illegal Mining Upwards Pressure Import Market

OUTLINES CONVERTED TO FILLS

Production Phase Prices Above HRE Focus Lower cost base

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HRE: A vital part of our lives F

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NdFeB Permanent Magnets

Dy66

Dysprosium

Tb65

Terbium

Nd60

Neodymium

Pr59

Praseodymium

Magnets

Rare Earths Essential for Hybrid & Electric VehiclesToyota Prius~11kg of rare earths

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Open Pit &Underground

Purification

Water LeachOxalatePrecipitation

Calcination

XenotimeOre

Exportation Containerised MixedRare Earth Oxide

MagneticSeparation

Flotation

MINING

SulphationBake

GrindingCrushing

Stored MineralConcentrate

Tailings

TRANSPORT HYDROMETALLURGY

BENEFICIATION

Conventional Process Components

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IndigenousEmployment Environmental

Native Title

Licence to Operate

Cultural Awareness Training – Smoking Ceremony

Community Forum in Halls Creek – May 2013

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Browns Range Dome The dome is a major geological feature covering 1,500km2

60km x 30km HRE mineralised faults/breccias probably developed during late stages of doming

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Greenfield Discovery in 2010 37,497,000kg TREO added from 2013 drilling campaign

February2014

108,000m

October2013

68,000m

December2012

15,000m

Greenfields Discovery June 2010

Drilling to Date

50,000,000kgTREO

40,000,000kgTREO

0

10,000,000kgTREO

20,000,000kgTREO

30,000,000kgTREO

Wolverine

Gambit West

Area 5

Gambit

38,269,000

4,177,000

4,347,000

1,204,000

1,133,000

4,256,000

4,320,000

18,404,000

47,997,000kgcontained TREO

10,500,000kgcontained TREO

28,084,000kgcontained TREO

357%GROWTH

in mineral resourcesince 2012

February2014

108,000m

October2013

68,000m

December2012

15,000m

Greenfields Discovery June 2010

Drilling to Date

50,000tTREO

40,000tTREO

0

10,000tTREO

20,000tTREO

30,000tTREO

Wolverine

Gambit West

Area 5

Gambit

38,269

4,177

4,347

1,204

1,133

4,256

4,320

18,404

47,997tcontained TREO

10,500tcontained TREO

28,084tcontained TREO

357%GROWTH

in mineral resourcesince 2012

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Browns Range JORC Compliant Mineral Resource

Deposit Category Mt TREO%

TREOkg/t

Dy2O

3kg/t

Y2O

3

kg/tTb

4O

7

kg/tHREO

%TREOkg

Browns RangeTotal1

*Indicated 4.37 0.72 7.2 0.61 4.07 0.09 83 31,615,000

Inferred 2.12 0.77 7.7 0.64 4.25 0.09 86 16,382,000

Total1 6.48 0.74 7.4 0.62 4.13 0.09 84 47,997,000

* The upgrade represents a 357% increase in metal tonnes (of 37,497 tonnes TREO) from the initial Mineral Resource estimate announced for Browns Range in December 2012 (10,500 tonnes TREO) 1 - Rounding may cause some computational discrepancies .

4,017,600kg 66%DyDysprosium

of resourceis indicated

84%HREO

content

HREO = Heavy Rare Earth Oxides – Total of Sm2O3, Eu2O3, Gd2O3, Tb4O7, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3, Y2O3 TREO = Total Rare Earth Oxides – La2O3, CeO2, Pr6O11, Nd2O3, Sm2O3, Eu2O3, Gd2O3, Tb4O7, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3, Y2O3.

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Wolverine Resource Upgrade: 264% increase*

Category Mt TREO %

TREO kg/t

Dy2O3

kg/t Y2O3

kg/t Tb4O7

kg/t HREO

% TREO

kg

Indicated 2.66 0.89 8.9 0.78 5.17 0.12 89 23,705,000

Inferred 1.80 0.81 8.1 0.67 4.45 0.10 87 14,564,000

Total1 4.46 0.86 8.6 0.74 4.88 0.11 88 38,269,000

*The upgrade represents a 264% increase in metal tonnes (of 27,769 tonnes TREO) from the initial Mineral Resource estimate announced for Wolverine in December 2012 (10,500 tonnes TREO)

1 Rounding may cause some computational discrepancies Average U3O8 of 36ppm and average ThO2 of 28ppm Mineral Resource Estimate dated 26 February 2014

DEPOSIT REMAINS OPEN in several directions and at depth

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Delivering on HRE Strategy

2010

2011

2012

2013

2014

: � �$ %. 4)& ) %$ � �� �� - ) . %2!, ) 3!4) / . � !4� � 2/ 7. 3� � !. ' %: � #1 5) 3) 4) / . 3� ) . #, 5$ %$ � �/ ( . � �!, 4�!. $ � � 2/ 7. 3� � !. ' %� ��: � � / -0 ,%4%$ � & ) 234� -% 4!, ,52' ) #!, � 4%34� / . � � 2/ 7. 3� � !. ' %

: � �2) ,,) . ' � #/ . & ) 2-3 � �� �� !4� / ,6%2) . %�� �!-" ) 4� !. $ � 2% !� �: � � ,/ 73( %%4�$ %6%,/ 0%$ �� ,/ 7� #!0 ) 4!, � #/ 343: � �!4( 7!9 � 4/ � 02/ $ 5#4) / . � 3#( %$ 5,%� $ %6%,/ 0%$

: � �. ) 4) !, � �� � � � 2%3/ 52#% � !4� / ,6%2) . %: � �� �� � 8) $ %� �� � � � 052)49� 02/ $ 5#% $ �� %80 !. $ ) . ' � 02/ * %#4� 3#/ 0%: � �/ �� 3) ' . %$ � & / 2� / & & 4!+% � 7) 4( � �5 -) 4/ -/

: � � 5. $ ) . ' � 342!4%' 9� ) . ) 4) !4) 6%3� ) . � 0,!#%: � �� � � � 2%3/ 52#% � 50' 2!$ %� / & � � � �: � � / $ ' %$ � -) . ) . ' � ,%!3% � !0 0,) #!4) / .

: � �� � � � ) . #2% !3% � 4/ � � �� ����+ ': � �) ,/ 4�0,!. 4�$ %,) 6%23� � �� � -) . %2!, � #/ . #% . 42!4%� !4� � �� � 2%# / 6%29: � � 5. $ ) . ' � 342!4%' 9� #/ . 4) . 5) . ' � 4/ � " %� $ %6%,/ 0%$

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Pathway to Production

JORC Resource Drilling

Current Position

Mining Lease & Land Access

Primary Environmental Assessment (EPA)

Secondary Approvals (DMP, DEC, DoW etc)

Metallurgy Test work

Pre-feasibility Study

Feasibility Study

Off-take Agreements

Funding & Decision to Proceed

Engineering Design & Long Lead Procurement

Construction

Commissioning/Production

2014 2015 2016

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Funding Update

In 2014:

Appointed PCF as corporate advisor

Cash at Bank, 17 March 2014 $6.5M*

Complete funding needs for 2014 including: •  16% sale of Browns Range $26M*

Evaluate Funding options for development of Browns Range

Raised

$5.3M * 17 MARCH 2014

#$2.4M subject to shareholder approval *All in Australian Dollar denominations

#

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Yttrium58.21%

Praseodymium0.68%

Lanthanum1.91%

Neodymium3.15%

Cerium4.77%

Dysprosium

8.79%

Gadolinium5.71%

Erbium5.33%

Ytterbium4.39%

Samarium2.12%

Europium0.44%

Lutetium0.60%

Thulium0.74%

Terbium1.32%

Holmium1.84%

Heavy Light

Based on February 2014 Wolverine JORC compliant Indicated Mineral Resource estimate

Dy

Browns Range: The new HRE province Increased JORC Compliant

Resources by 70% to 47,997,000kg TREO

Competitive Advantage Beneficiation 25 times

Pre-Feasibility Study due mid 2014

Pathway to Production for 2016

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APPENDICES

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14

Current Resource 10,500t TREO

ConceptualTargets

Geochemical or Geophysical Drill Targets

Significant DrillingIntersections

Resources

Reserves

Production

Current Resource 47,997,000kg TREO

Gambit

GambitWest

Wolverine

Area 5

Cyclops

Area 5 North

Dazzler Nightcrawler

John Galt (Main Zone)Banshee Mystique

Wolverine West Wolverine East

Boulder Ridge Rogue Rockslider

Browns Range Dome - WA /NTJohn Galt - WA

Boulder Ridge - NT

Further exploration to define additional drill targets for resource expansion

HRE Pathway of Prospects F

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John Galt HRE Project "   Rock chip samples up to 42% TREO

with approximately 95% Heavy REO

"   Preliminary metallurgical tests indicate excellent recovery rates (>90%) with potential for concentrate grades >40%

"   High grade mineralisation in talus (scree) material – hard-rock source of scree is the primary target

"   Initial drill program finalised with funding from WA Government approved ($150,000). Proposed to commence in 2014 field season

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Boulder Ridge HRE Project "   Rock chip samples from the Boulder Ridge project

confirm high-grade Heavy Rare Earths (HRE)

"   Best results exceed 12% TREO, including up to 1.15% Dysprosium, with a dominance of HRE – up to 99%.

"   Follow-up exploration program planned to commence in Q2 2014 to refine drill targets.

"   Reinforces significant growth potential in Browns Range and Tanami regions.

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Finalising the Flowsheet Beneficiation circuit

"  90 tonne pilot plant completed on 2 process options:

"  Magnetic separation followed by cleaner flotation

"  Whole of ore flotation

"  2.2 tonne mineral concentrate produced

"  Target grade of 20% TREO achieved

"  Recovery improved – up to 90% achieved

"  Both flowsheets are robust and scalable to commercial size

Hydrometallurgical circuit

"  Optimisation test work completed at ANSTO focused on:

"  Increased impurity rejection

"  Materials handling

"  Operating parameters for the flowsheet and pilot plant

"  Bench tests achieved 88% recovery at 92% TREO grade

"  Pilot plant schedule for March 2014 at ANSTO

90 tonne Beneficiation Pilot Plant trial conducted at SGS - January 2014

Bench scale dynamic baking test work at ANSTO

Magnetic separation followed by cleaner flotation

are robust and scalable to commercial size

90 tonne Beneficiation Pilot Plant trial conducted at SGS - January 2014

Bench scale dynamic baking test work at ANSTO

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Licence to Operate "  Stakeholder engagement plan developed and

implemented. Second Stage local community forums planned for 2nd quarter 2014.

"  Employing people from local communities of Ringer Soak and Halls Creek

"  Cultural Awareness Training continues to be a focus

"  Co-existence agreement discussions with the Jaru Native Title claimant group are advancing

"  Environmental assessment and approval process through the Western Australian Environmental Protection Authority progressing

"  Baseline environmental surveys and studies nearing completion and impact assessments are underway

Cultural Awareness Training – Smoking Ceremony

Community Forum in Halls Creek – May 2013

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Competitive Advantage 0.86% TREO and simple

mineralogy*

>92% TREO achievement in bench test work with

recovery of 88%

20% TREO delivered in bench and pilot test work with recovery up to 90%

High grade feed using conventional hydromet process steps results in low capital costs and high grade

mixed rare earth (RE) oxide

This is NTU’s competitive advantage as we simply upgrade our feed 25 times

through benefi ciation

*February 2014 Wolverine JORC compliant resource grade

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NdFeB Permanent Magnets

Dy66

DysprosiumTb

65

Terbium

Nd60

Neodymium

Pr59

Praseodymium

Magnets

Rare Earths Essential for Hybrid & Electric VehiclesToyota Prius~11kg of rare earths

"  Dysprosium's primary clean energy use is as an additive to NdFeB Permanent Magnet

"  Magnet sector is currently about 40% of total rare earth consumption

"  Up to 6% of the magnet’s weight is dysprosium

"  Helps resistance of demagnetisation and corrosion of magnets

"  Retains magnet’s strength at extremely high temperatures

"  Currently no substituting elements that deliver the same properties

"  Increasing global demand and limited supply For

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The Right Leadership A wealth of experience to lead the Northern Minerals from explorer to production

Conglin Yue – Executive Chairman

•  Long standing relationship with a number of major steel producing companies in China.

•  Chairman of Conglin Baoyuan International Investment Group, a Chief Executive Officer of Huachen and a Director of the Chinese University of Political Science and Law.

Kevin Schultz - Deputy Chairman

•  Mining engineer with global experience across multiple projects and commodities.

•  40 years record of achievement from mineral discovery and appraisal, through to mine development.

•  Previously MD of Polaris Metals.

Adrian Griffin - Non Executive Director

•  Significant expertise in mine management and production. •  Strong background in development of extraction technology – pioneer

of lateritic nickel processing. •  Corporate experience as MD and Chairman of listed resource

Companies.

George Bauk - Managing Director / CEO

•  More than 20 years global experience in corporate development and operations, including WMC Resources.

•  Strong background in strategic/business planning, building teams and capital/debt raising.

•  Former MD of Western Metals.

Colin McCavana - Non Executive Director

•  More than 35 years global management experience in the construction and operation of resources projects.

•  Specific expertise in mining and mineral recovery development.

•  Former MD of Haddington Resources Limited, currently chairman of Reward Minerals Ltd.

Yanchun Wang - Non Executive Director

•  Strategic investor for a number of Chinese companies. •  Vice-Chairman of Conglin Baoyuan International Investment

Group and a director of Huachen.

BOARD OF DIRECTORS

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The Right Management Relevant range of experience and expertise to develop and commercialise the Browns Range Project

Robin Wilson – Exploration Manager

•  Geologist, with 20 years experience in Australia and Africa. •  Successful exploration record across a range of commodities, including

gold, nickel, copper, uranium and REE. •  Previous exploration experience with CRA, Woodside, Troy Resources,

Tanganyika Gold

Robert Sills – Marketing Manager

•  Experience in developing commodity opportunities with multinational corporations including REE end users and intermediaries.

•  Specialised and highly sought after expertise in REE commercial market.

•  Previous roles with Rio Tinto, Arafura Resources and Gold Corporation

Bin Cai – Executive Manager Asia Pacific, Alternate Director

•  Experience with the China Investment Bank, along with global resource investment.

•  Managing Director of Australia Conglin International Investment Group, Director of Orion Metals Limited and Carpentaria Exploration Limited.

•  Northern Minerals Alternate Director for Mr Conglin Yue and Madam Wang.

Robin Jones – Project Manager

•  More than 20 years experience, in Australia, Africa and Asia. •  Highly experienced resource project developer, with success in taking

projects from scoping study through to production. •  Previously led project development with Mega Uranium, CopperCo,

Aquarius Platinum and Impala Platinum.

Mark Tory – CFO / Company Secretary

•  More than 20 years experience in the management (operational and finance) of mining companies both national and international.

•  Previous experience includes MD Crescent Gold, and various roles with Anglo American, Homestake Gold and Deloitte.

•  Capital raising and debt financing experience.

EXECUTIVE MANAGEMENT TEAM

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