“Aggressive Path toCoal Production””

Maverick Drilling International Ltd

ASX: MRK August 2008For

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Company Update

• ASX: MRK

• Relisted July 2008

• Experienced Management- Board has strong technical and corporate experience

• Tight share register- Top 40 own 78%

• Focused on Coal & Gas

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• Focused on Coal & Gas

• Prospects– Loopleegte Coal

• Waterberg region South Africa

• Initial Exploration target 120-240Mt coal

– Reid’s Dome Gas

• Queensland Australia

• 20% JV interestFor

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Acquisition

• Acquisition of 30% farm in joint venture interest in Loopleegte 302LQlocated in South Africa’s Waterberg Region.

• Acquisition consideration of:

– 98.5 million shares (subject to Shareholder approval);

– Payment of A$150,000 reimbursement of vendor expenses;

– Maverick to fund A$550,000 in exploration over 18 months.

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– Maverick to fund A$550,000 in exploration over 18 months.

• Option to increase interest up to 74% on payment of either:

– A$0.34/tonne: or

– the issue of Maverick Shares calculated at A$0.48/tonne

of mineable coal based on 44% of the mineable coal indicated in theBankable Feasibility Study

• Appointment of Mr Christo Cordier as General Manager.

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Structure

Maverick DrillingInternational Ltd

Torbanite OnePty Ltd

New Order Investments

100%

100%

20%

Slide 4

New Order Investments141 Pty Ltd

Vuselela Mining Pty LtdBEE Partner

LoopleegteFarm JV

30%

70%

Reid’sDome JV

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Waterberg Coal Region

Coal discovered in 1922 during waterdrilling 25km west of the town ofLephale.

Coal seams occur in the Volksrustand Vryheid Formations of the Karoosequence.

Numerous coal seams occur, varyingin thickness from millimetres to more

Witbankg

Waterburg

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than 60 metres over a zone of 120metres.

The Waterberg Coalfield is estimatedto contain more than 40 - 50% of thetotal remaining coal Resources inSouth Africa.

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Location of Loopleegte

Loopleegte 302 LQprospecting rightcovers an area ofapproximately 1281hectares and issituated on theSouthern edge of theWaterberg Coalfieldnear the South AfricanBotswana border andabout 25km west of

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Botswana border andabout 25km west ofLephale

The ExxaroGrootegeluk operationhas total Resource of6.016 Billion tonnes ofcoal. Proposed

Power PlantPowerPlant

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Next Steps 2008

•Exploration of $550,000 over 18 months towards:

– Resource

– Reserve

– Feasibility

– BFS

Slide 7

• Drilling programme Q3/4 2008 to give an inferred resource

• Exploration Target between 120 to 240 million tonnes, please refer to the JORCStatements in respect of the exploration target.

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Geological Model Width of Coal Seams East Loopleegte

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Proposed Exploration Programme

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Director on site with the Exploration Manager

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Demand

Diagram Showing Power Demand and Supply as Forecast by Eskom

Slide 11

Eskom expects to raise its coal purchases by about 44.9Mt a year by 2025(according to Rob Lines, acting GM – Generation Primary Energy Eskom, January 2007)

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Competitive Advantage & Market Opportunity

• Proximity to infrastructure

– 5km to nearest railway line

– 15km to new Medupi Power Plant

• Neighbours & potential off-take partners

– Sasol JSE listed

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– Sasol JSE listed

– Sekoko major BEE prospecting right holder

– Eskom state owned power company

– Steel manufacturers

• Strategic Partnership with Vuselela Mining (BEE) – access to furtheracquisitions

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Reid’s Dome Gas

• 20% interest in the Reid’s Dome Tenement,

• Gas project in the Bowen Basin, onshore Queensland

• Maverick will expend approximately $200,000 in the current 12 monthperiod on review, evaluation and development of the Reid’s DomeProject, whilst also evaluating other oil and gas opportunities.

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• Potential gas target at depth.

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Gas flow in the upper section (450ft) at Reid’s Dome

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The Company

Directors & Management

Richard Wolanski (Chairperson)- Capital markets, corporate finance and advisory expertise

Peter Christie (Non-Executive Director)- 25 years corporate management

Peter Pawlowitsch (Executive Director)- Operational, corporate and management

Christo Cordier (General Manager)

Slide 15

Christo Cordier (General Manager)– Operational and further acquisitions

Capital StructureShares Issued- Total shares 396.0 M- Acquisition (Loopleetge) 98.5 M- Total 494.0 M

Options- 1c 65.0M

Market Capitalisation(at Aug 08 @ $0.035) AUD $14 MF

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Corporate Milestones

Milestone Q3 2008 Q4 2008 Q1 2009 Q2 2009

Loopleetge

1st Phase Exploration

2nd Phase Exploration

Conceptual MiningPlan

Reid’s Dome

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Reid’s Dome

Develop workprogramme

Corporate

Shareholder Approval– Loopleetge

Strengthen Technicalpersonnel

Potential FurtherAcquisitionsFor

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Summary

• Unique Coal Company with aggressive path toproduction

• Exploration target to Resource by Q4 2008

– Delineation of 100+Mt resource with 20+ yr mine life

• Close to infrastructure and off-take partners

• Experienced team

- Capital markets

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- Capital markets

- Development experience

- Deal flow

- Technical support

• BEE partners

– Proven track record in mining

– Access to further acquisitions

• Tight capital structureFor

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Contact Details

Head OfficeLevel 24

44 St George’s Terrace

Perth WA 6000

Tel: +61 8 9325 2001

Fax: +61 8 9218 8875

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Fax: +61 8 9218 8875

Email: peter@maverickdrilling.com.au

christo@maverickdrilling.com.au

Website: www.maverickdrilling.com.au

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Appendices

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Appendices

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Waterberg Coal Region

Coal Geology

Volksrust Formation: The upper portion of the coal deposit. It consists ofintercalated mudstone and coal with an average thickness of 60 metres. The coaland mudstone occur in easily identifiable cyclical repetitions of mudstone and coalsequences.

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Vryheid Formation: This Formation which is about 50 metres thick and forms partof the lower coal measures consisting of mudstones, and sandstones intercalatedwith coal seams.

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JORC Statements

In respect of the exploration targets stated in this presentation, Maverick notes the following;

In accordance with section 18 of the JORC Code, Maverick states that the potential quantity and grade of thetargeted tonnes of coal is conceptual in nature. There has been insufficient verification of any exploration todefine any type of mineral resources under the JORC Code. It is uncertain if further exploration will result in thedetermination of a mineral resource.

The Board of Maverick has considered the information available to it in respect of Loopleegte and states that itdoes not consider it appropriate to state the existence of any mineral resource or any ore reserve. The informationcontained in this presentation is merely an exploration target which the Board believes may be achievable giventhe information available to it. In stating a target range, the Board have based the quantity of such target on thefollowing factors:

•the area of Loopleegte (being 1,281 hectares);

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•the area of Loopleegte (being 1,281 hectares);

•the exploration target was calculated using an average 1.9 RD (grams per cubic centimetre);

•the underlying rock type belongs to the Karoo System and is normally coal bearing. Holes drilled on theneighbouring properties to the east of Loopleegte have an average width of 34 metres of the Upper Ecca coalzone;

•the geology of surrounding region suggests that there is a possibility that coal from the Upper Ecca and MiddleEcca coal zones could extend throughout Loopleegte; and

•that the exploration target range stated in this announcement is based upon a conservative average of an UpperEcca coal zone intersection of between 5 and 10 metres in width on Loopleegte.

The Board further states that the potential quantities and grades contained in this presentation are conceptual innature and that quantities or grades contained in surrounding properties are not necessarily reflective ofquantities or grades that may or may not be present on Loopleegte. The Board further state that no explorationhas occurred and it is uncertain whether any such future exploration will result in any economic quantities orgrades of coal being discovered.For

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Competent Person

Competent Person: Information in this presentation that relates to exploration results,coal resources is based on information compiled by Mr. David Van Wyk who is aconsultant to the Maverick and is a (ROPO) Recognised Overseas ProfessionalOrganisation. Mr Van Wyk is registered with the South African Council for NaturalScientific Professions which is recognized in a reciprocity agreement with theAusIMM and has sufficient experience which is relevant to the style ofmineralisation and type of deposit under consideration and to the activity which heis undertaking to qualify as a Competent Person as defined in the 2004 Edition ofthe ‘Australasian Code for Reporting of Exploration Results, Mineral Resources

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the ‘Australasian Code for Reporting of Exploration Results, Mineral Resourcesand Ore Reserves’. Mr Van Wyk consents to the inclusion in this presentation ofinformation from his report to Vuselela dated June 2008

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