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AGM PRE SENTATION | November 2013

AGM PRE SENTATION | November 2013. ASX: BMY. brumby resources.com.au. Disclaimer Notice.

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AGM PRE SENTATION | November 2013

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  1. AGM PRESENTATION | November 2013 ASX: BMY brumbyresources.com.au

  2. Disclaimer Notice This presentation has been prepared by Brumby Resources Limited (“Brumby” 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. This presentation contains forward looking information. Such forecasts, projections and information are not a guarantee of future performance and involve unknown risks and uncertainties. Actual results and developments will almost certainly differ from those expressed or implied. To the maximum extent permitted by applicable laws, Brumby takes no responsibility and assumes no liability for, the authenticity, volatility, 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 Brumby does not purport to be all inclusive or to contain all information which it’s recipients may require in order to make an informed assessment of the Company’s prospects. You should conduct your own investigation and perform and own analysis in order to satisfy yourself as to the accuracy and completeness of the information, statements and opinions contained in this presentation.

  3. Exploration Priorities A Genuine Greenfields Explorer Manganese - Oakover (WA) Base Metals - Caranbirini, Yalco North and McArthur (NT) Brumby was founded and floated by the late Graeme Hutton, one of the pre-eminent prospecting geologists of the last few decades. Graeme Hutton discoveries associated with - Sandfire Resources, Metana Minerals, DFD Rhodes (Hope Downs, Jimblebar, McCameys, Rhodes Ridge), Kimberley Diamond Co

  4. Corporate Board • Geoff Jones Chairman • ex-Resolute Resources Limited, 29 years in resource project development • Director of Azumah Resources Limited, Energy Metals Limited and GR Engineering Services Limited • John Hutton Director • ex-SandfireResources , Director of RNI Ltd and Marine Produce Australia Ltd • Tom Henderson Director • Corporate Finance, Forrest Capital, Director of Fitzroy Resources CEO • Alison Morley • Underground Mine Geologist with Pasminco at Broken Hill, and Superintendent Mine Geology at Isa Lead and George Fisher mines; SRK Consulting for 7 years; due diligence, valuation of resource projects and economic modelling • Joined BMY as CEO in December 2010

  5. Corporate – Capital Structure Total shares on issue 221.3M Unlisted Options • 1.0 M @ $0.25 (Dec 2013) • 1.0 M @ $0.15 (Sep 2014) • 4.8 M @ $0.15 (Nov 2014) Current Share Price • $0.012 @ 11 Nov 2013 Market Cap • $2.4 M

  6. Project Locations • Oakover & Ethel Creek (Mn) • McArthur & Caranbirini (ZnPbAg)

  7. Project Locations • East Pilbara Mn Province • Two Mn projects of similar geological style to BMY’s Oakover project: • Ant Hill (Mineral Resources) • Nicholas (Balfour) Downs (Mineral • Resources / HPPL) • Brumby has made a significant greenfields Mn discovery – Inferred Mineral Resource of • 64Mt @ 10% Mn at 8% Mn cut off. • Numerous untested or partially tested new Mn targets on BMY tenements • Access to regional infrastructure

  8. What’s so good about Manganese? • 94% of Mn is used in steelmaking to increase strength, toughness, hardness and malleability – there are no satisfactory substitutes for Mn in steel making • A “green” metal: • Alkaline battery industry • Research into use in photovoltaic cells • Currently unable to substitute or recycle Mn

  9. Oakover Target Overview Sixty Sixer JayEye Karen Relinquished area

  10. Oakover RC drilling Full results for Phase 2 (red dots) were reported in BMY’s 8/6/2012 release to the ASX Relinquished area

  11. Upgraded Mineral Resource Estimate Full results were reported in BMY’s 8/6/2012 release to the ASX Sixty Sixer and JayEyeprospects – Mineral Resource summary, 8% Mn cutoff Competent Persons’ Statement The information in this report that relates to Mineral Resource Estimate and Reporting is based on information compiled by Robert H Spiers (BSc (Hons), MAIG), who is a Member of The Australasian Institute of Geoscientists. Robert Spiers is a full time employee of H&S Consultants Pty Ltd and 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 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Spiers consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

  12. Hydrometallurgical Testwork Full results were reported in BMY’s 30/7/2013 release to the ASX • Leaching the Mn ore with H2SO4 in the presence of SO2 gas at various pH levels • Hydrometallurgical testwork where Mn is leached out of the rock into a leachate, where it can be precipitated as various products • 14 samples testedfrom 3 geological domains at the Sixty Sixer Project, varying head grades • In the MnL domain (50% of MR tonnes) 98% of the Mn was extracted using 64 kg acid/t min. • In the MnS domain (41% of MR tonnes) 97% of the Mn was extracted using 521 kg acid/t min. • Purification and precipitation testwork is in progress and optimisation expected to take place early 2014

  13. Regional Targeting Untested Mn outcrop at Taya - significant potential

  14. Oakover Strategy • Sixty Sixer • First half 2014 - Optimisation of precipitation testwork and scoping study • Oakover Potential • Q3 - Taya ridge exploration drilling

  15. NT McArthur, Yalco North and Caranbirini Projects McArthur River Mine - Xstrata 227Mt @ 4.1% Pb, 9.2% Zn and 41.0g/t Au

  16. McArthur River Mine - Xstrata • Operating since 1995, open cut from 2006, $270m expansion in progress • Will increase capacity from 2.5Mtpa to 5.5Mtpa and produce nearly 800,000t of zinc-lead concentrate a year • Expansion to increase McArthur’s mineable reserves from 53Mt to 115Mt and extend the life of the mine by nine years to 2036 • M+ I Resource – 162Mt @10.7% zinc, 4.47% lead, 48g/t silver

  17. McArthur Project – 2011/2012 • Two diamond holes drilled • Elevated Zn and Mn values were intersected in BCDD001 • BCDD002 drilled 2012 to follow up but did not intersect significant mineralisation

  18. McArthur Diamond Drilling 4m @ 0.11% Zn from 209m 1m @ 0.13% Zn from 220m Elevated Mn Full results reported in December 2011 and 2012 Quarterly Announcements to the ASX

  19. McArthur Leases – Caranbirini Project • 4 x diamond holes drilled in 2012 to test VTEM anomalies • AAPA authorisation granted in Feb 2012 allowing access From Rox Resources website

  20. McArthur Leases – Caranbirini Project • CPDH003 intersected anomalous zinc (Zn) at target depth predicted by VTEM geophysics. • Elevated Zn values included • 9m @ 1000ppm Zn from 42.4m* and • 0.2m @ 1923ppm Zn from 56m depth* • 0.8m @ 11.5 g/t Ag from 31.1m was also intersected in CPDH003* (Results prove that mineralising processes have been active in the area, and that the geophysics has successfully identified the mineralised zones • The mineralised zone is also associated with elevated barium, arsenic, cobalt and manganese; all of which are pathfinder elements for McArthur River-style Zn-Ag-Pbmineralisation * note that true thickness of reported intercepts cannot be determined until the attitude of the mineralisation is known. Full results were reported in BMY’s 9th Nov 2012 Announcement to the ASX

  21. McArthur Leases – Caranbirini Project 620m to top RewDol, 820m to base RewDol

  22. McArthur Leases – Yalco North • New targeting work done by Coffey Mining and Fathom Geophysics • Analysed 1990s MIM soil samples for first time – these have never been followed up at depth • Combined with structural analysis and local knowledge • Preliminary reconnaissance underway, geochemical surface sampling expected as part of 2014 field programme

  23. Summary • Mn and base metals - highly sought after commodities • NT base metal targets – all permitting, targeting, planning complete for next phase of exploration

  24. Competent Person’s Statement The information in this report that relates to Exploration Results is based on information compiled by Alison Morley (BSc (Hons), MSc, GradDipAppFin, MAusIMM (CP)) , who is a Member of The Australasian Institute of Mining and Metallurgy. Alison Morley is an employee of Brumby Resources Ltd and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which she 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’. Ms Morley consents to the inclusion in the report of the matters based on her information in the form and context in which it appears.

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