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TETRA RESOURCES LIMITED Company Presentation December 2012

TETRA RESOURCES LIMITED Company Presentation December 2012. Company Strategy. Acquire highly prospective tenements Explore the tenements for Gold Copper Uranium Manganese and Base metals Convert exploration assets to resources and mineable reserves. Company Assets.

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TETRA RESOURCES LIMITED Company Presentation December 2012

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  1. TETRA RESOURCES LIMITED Company Presentation December 2012

  2. Company Strategy • Acquire highly prospective tenements • Explore the tenements for • Gold Copper Uranium Manganese and Base metals • Convert exploration assets to resources and mineable reserves

  3. Company Assets

  4. Midgengadge Manganese Project • Approx. 350km southeast of Port Hedland • Within highly prospective Mn District • Approx. 30km northwest of Woodie Woodie Mn Mine • Immediately SE of the Jupiter Mn Tenements • 48 Graticular Blocks (approx. 145km2) Tetra Resources

  5. Highly Prospective Mn District • Woodie Woodie (Consolidated Mining – Operating with resource 20Mt @ 40%Mn • Nicholas Downs (Hancock Prospecting / Mineral Resources) – Operating @ 700kt @ 38%Mn pa. Resource over 20M tonnes • Spitfire Resources – Resource 11.3Mt @ 15%Mn currently undertaking BFS • Ant Hill & Sunday Hill (Mineral Resources/Mesa Mining) – 2006 Sunday Hill resource 4.7Mt @ 18.4%Mn • Jupiter Mines – 1st pass drilling identified 19 significant intercepts over 15%Mn. Raised $150M to progress Mn (SA) and Fe (AUS) Projects • Shaw River Resources – 10,000m drilling completed in 2011 • Brumby Resources – Drilling identified resource 64Mt @ 10%Mn

  6. Tetra Geoscience Australia – Australian Manganese Resources Map

  7. Mineral District Geology Tetra Resources Ltd • Woodie Woodie Mn Project (over 50 deposits) • Mn occurs on Carrawine Dolomite as cavity fill and sheets and lenses in Pinjian Chert overlying the dolomite (supergene process) • Larger deposits occurs as pipe-like body down to about 30m • Higher grade occurs when the dolomite is uncomformably overlain by the manganiferous shales of Bangemail Group

  8. Midgengadge Mn Project Manganese Hills Manganese Outcrop 38.65% Mn • Midgengadge Project • Mn occurrence on the tenement – rock chip up to 56.9%Mn (average 30% Mn) • Similar geophysical and geological attributes to the Woodie Woodie Mn Mine • Possible extensions below clay cover

  9. Rock Chip Samples Midgengadge Project Approx. 700m • Samples – Low P, Al, Mg, S • Potential for DSO – Direct Shipping Ore

  10. Magnetic rim representing Cookes Creek Granite 6.9% Cu 2.0% Pb 0.36% Zn 175g/t Au • Midgengadge Project • Gold/Copper Potential • ‘Bulls-eye’ magnetic target along NW structural feature • Highly anomalous rock chip samples within surrounding areas

  11. Midgengadge Mn Project Exploration Short Term Strategy (6 months) • Complete ground gravity survey with Atlas Geophysics • Define more prospective areas for ground EM survey • Conduct soil sampling over magnetic anomaly • RC/Diamond drill most prospective targets with Mt Magnet Drilling

  12. Gravity Survey Results to Date • Data filtering shows rock chip sampling overlying anomalous linear targets • Highly prospective linear target with bulls-eye immediately east of rock chip samples below the clay cover

  13. Midgengadge Mn Project • Long Term (6-18 months) • Exploration Strategy • Complete broad spaced drilling with Mt Magnet Drilling • Investigate possible JV with immediate tenement holders • Investigate possible sale of the Mn Tenement only • Investigate the possibility of listing Tetra in ASX based on drilling results

  14. Balara and Willy Willy Gold/Copper Projects • Approximately 530km east of Broome • Balara – 45 Graticular Blocks (approx. 130km2) • Willy Willy – 8 Graticular Blocks (approx. 23km2)

  15. Mineral District • Anglo Australian Resources • Market Cap - AU$1M (500M shares @ 0.02c) • San Diego Deposit (Open Pit/Underground) • 2Mt Mill Feed – 33kt Cu, 43kt Zn, 7koz Au • 295koz Ag • Based on (31/03/11) Metal Prices • Operating Surplus – AU$60M • NPV – AU$36M (DIR – 8%) • Net Revenue – AU$413M • IRR – 31% • Bulletin Resources • Market Cap– AU$12.1M (67.4M shares @ 0.18c) • Nicholson’s Find Gold Project • Resource 1Mt @ 5.2g/t (170koz) • Acquired Project for less than AU$1M • Capital Raised AU$8m (20c per share) • Commenced 11,500m RC drilling

  16. Balara Gold Copper Project • Tenement granted • Heritage Agreement in place • Within known mineralised structures • Contains known copper occurrence – coincident magnetic anomaly • 5 main exploration targets • At least 20km untested strike length of known mineralised fault structures Balara Project Willy Willy Project

  17. Willy Willy Gold/Copper Project • Tenement granted • Heritage Agreement in place • Within known mineralised structures • Contains known copper occurrence • Rock chip sample CRWR – 6.45%Cu, 15g/t Ag • Documented 52oz nugget found in area • Targets - coincident magnetic highs along fault structures

  18. Balara & Willy Willy Au/Cu Project • Exploration Strategy • Conduct soil/rock sampling survey • Conduct ground magnetic survey • Contact immediate tenement holders for possible JV/Acquisition

  19. Lady Forrest and King Leopold • Uranium Projects • Approx 165km east of Derby • Lady Forrest (Application) • 129 Graticular Blocks (390km2) • King Leopold (Granted) • 69 Graticular Blocks (210km2)

  20. Company Assets – Lady Forrest and King Leopold Lady Forrest King Leopold • Identified U/Th radiometric high along prospective sedimentary units of the Tunganary Formation (purple)

  21. Mineral District – Lady Forrest & King Leopold Projects Lady Forrest King Leopold Rio Tinto– Pegged same Tunganary Formation (purple) up to 140km along strike Urangesellschaft Australia (light blue, 1978)– Previous work identified up to 130ppm U unit within same lithological unit

  22. Financial Evaluation • Capital Raising • Evaluation of Assets: • Potential Resource • Midgengadge Project 17Mt @ 41.5% Mn • Balara and Willy Willy Projects 250kozAu • Lady Forrest and King Leopold Projects 150Mt @ 300ppmU

  23. Company Profile • Unlisted Junior Exploration Company • 36.3 Million Ordinary Shares • Currently hold 5 tenements in WA • 4 Granted (Mn, Au-Cu, U) • 1 Under Applications (U)

  24. Company Directors • Mr Leo Pilapil BSc DFP • Over 24 years exploration and mining experience • Ex WMC employee • Discovered Harlequin Deposit in Norseman WA • Worked in Western Australia and Africa • Mr Brett Lantzke BSc (Geophysics) • Over 15 years in exploration as geophysicist • Ex Fugro employee • Worked in Western Australia and Brazil • Mr Simeon Papazis • Over 20 years in finance and share evaluations • Melbourne based

  25. Company Associates • Mr Stewart Findlay • 20 years senior operational management and engineering design experience with Normandy, Rio Tinto, WMC and GRES • Worked in Australia, Malaysia and Indonesia • Worked in numerous Project Developments • Mr Frank Catalfamo (Odyssey Equity Finance Pty Ltd) • Involved in a number of IPO Listings in ASX • Corporate Advisor in capital raising • Ms Kelli Hill (KHC Consulting) • Heritage and Native Title Consultants • Expertise in liaising and negotiating NTAs

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