FIMI Convention, Bangalore, 2012

South Australia Mineral Resources

Investment

Dr Andrew Rowett

General Manager

Resource Information

Mineral Resources, DMITRE

Tokyo

12th November 2012

Outline of Presentation

1. South Australia’s mineral

commodities, discoveries

and resources

2. South Australia’s Mining Pipeline

Uranium

Copper

Iron Ore

3. International Partnerships

4. South Australia’s PACE 2020

initiative – supporting growth and

investment in our resources

South Australia’s Mineral and

Energy Commodities

• Opal and Jade

• Salt

• Gypsum

• Dolomite and Limestone

• Silica

• Dimension stone

• Processed petroleum

products

• Kaolin

• Graphite

• Copper

• Iron Ore and Steel

• Uranium

• Zircon & Mineral Sands

• Gold and Silver

• Lead and Zinc

• Natural Gas

• Oil

• Coal

• Shale Gas

• Processed petroleum

products

5 5 * PACE Co-funded * PACE Co-funded

*Arckaringa (CTL) Atacama/Typhoon/ Sonoran (HM) Beverley South (U3O8) *Bird-in-Hand (Au) Bramfield (Fe2O3) Bungalow (Fe3O4) *Carrapateena (Cu-Au) Crocker Well (U3O8) Flinders-Reliance (Zn) *Four Mile(U3O8) Fusion (Fe3O4)

Gullivers (HM) Gum Flat (Fe2O3) Hawks Nest (Fe2O3) Hematite Extension Project HEP (Fe2O3) Hillside (Cu, Au) Junction Dam (U3O8) *Kalkaroo (Cu-Au-Mo) Maldorky (Fe3O4) *Menninnie Dam (Pb-Zn-Ag) Mutooroo (Cu-Co) Mutooroo (Fe2O3)

Paris (Ag) Poochera (Kaolin) *Portia (Au) Razorback (Fe3O4) *Samphire (U3O8) Snaefell (Fe3O4) Tripitaka (HM) Typhoon(HM) *Tunkillia (Au, Ag) Uley (Graphite) Warramboo (Fe3O4) White Dam North (Au)

Major

Mines

Developing Projects

1. Olympic Dam

2. *Challenger

3. Beverley

4. Middleback

Range

5. Leigh Creek

6. *Malu

7. *Angas

8. *Honeymoon

9. Jacinth-

Ambrosia

10. Beltana

11. White Dam

12. Cairn Hill

13. Iron Chieftain

14. Ankata

15. Kanmantoo

16. Beverley North

17. Peculiar Knob

18. *Wilgerup

19. Wilcherry Hill

20. Mindarie

Acropolis (Cu-U-Au-Ag) *Alvey (Pt, Pd) *Aphrodite (U3O8) Aristotle (Zn) Armchair (U3O8) Aroona 2 (Zn, Pb) *Baggy Green (Au) Bagot Well (Cu) Bald Hill Iron (Fe) *Barns (Au) *Barton West (HM) Becaroo (U3O8, REE) Big Lake 20 (U3O8) Big Lake 28 (U3O8) *Black Hills (Au) Blanchewater (U3O8) Blinman (Cu) *Blue Rose (Cu, Au) Burra (Cu) Carrow (Fe) *Claude Hills (Ni) Clinton(CTL) *Coolybring (Fe3O4)

Deloraine (Au) *Dromedary (HM) *Emmie Bluff (Cu) Emmie North (Cu) Eurelia (Diamonds) Eurinilla Dome (Cu, Au) Flinders Island (Diamond) Giffen Well (Fe2O3) Glenrae (IOCG) Golf Bore (Au) Goulds Dam (U3O8) Greenpatch (Fe3O4) *Hercules (Fe3O4) Hicks Hill (Fe) Jamieson Tank (Mn) *Jungle Dam (Ag, Au, Fe) *Kangaroo Dam (Pt, Pd, Au) Kenmore II (Ni, Cu) Kingston (CTL) Kopi (Fe) Lady Jane (Au) Lilydale (Fe) Lock (Coal)

Mainwood (Au) Malache (Zn, Pb) Melton (Cu, Au) Minbrie (Fe) Miranda (Cu) Mojave (HM) *Mongolata (Au) Monsoon (Au) *Moonta (Cu) Moorilyanna (Cu) Mount Brady (Fe, Cu, REE) *Mount Caroline (Ni, Cu, Pt, Pd) Mount Christie Siding (Cr2O3) Mount Cora (Fe) Mount Davies (Ni) Mount Distance (U3O8) *Mount Gunson (Cu, Co) Mount Torrens (Cu-U-Au-Ag) *Mount Woods (IOCGU) Mulyungarie (U3O8) Netherleigh Park (Cu) *Netley Hill (Cu, Mo) North Kalkaroo (Cu, Au)

North Portia (Cu, Au) Notrab (HM) *Oakdale (Zn, Cu) Parara (IOCGU) *Parkinson Dam (Ag, Zn, Cu, Au) Pindari (Ni, Cr) Pollinga (Mn) Princess Royal (Cu) *Prospect Hill (Sn) *Pundinya (U3O8) Punt Hill (Cu, Au) Radium Hill (U3O8, Th, Ra) Sequoia (Fe, U3O8) Sheoak (Au, Ag) Shylock (Cu, Au) Skye (Au, Ag) Springfield (Diamond) *Stuart (IOCGU) Taurus (Pt, Pd, Cu) Telephone Dam (Pb, Zn) *Titan (Cu, Au) Tomahawk/Tunkillia area 191 (Au) Toondulya (Cu, Au)

Torrens South JV (Cu, Au) Ultima Dam (Au, U3O8) Victory (U3O8, REE) *Vulcan (Cu, Au, U3O8) Weednanna (Pb, Zn, Ag, Cu, Au) Wheal Ellen (Zn, Pb, Ag) Willamulka (Cu, Au) Willy Willy (HM) Winjabbie East (Cu, REE) Wirrda (Cu, Au) * Yadglin (U3O8) Yanyarrie (Ba) Yarramba (U3O8) Zeus (Cu, Ni)

Major Prospects

* PACE Co-funded 5

Mineral Project Pipeline

South Australia’s Major Mines

and Advanced Projects in 2012

• Twenty major mines

• Exploration, A$323m pa

• Employment, 14 000 people

• Export Revenues,

37% A$4.2 bn+

• Over 30 minerals and energy

projects

Australia’s Copper Resources

MINES

*Olympic Dam: BHP-B

*Malu (Prominent Hill Open Cut):

Oz Minerals

Ankata (Prominent Hill Underground):

Oz Minerals

Kanmantoo: Hillgrove Resources

PROJECTS

*Carrapateena: Oz Minerals

Hillside: Rex Minerals

*Kalkaroo: Havilah Resources

Mutooroo: Havilah Resources

PROSPECTS

North Portia: Havilah Resources

Punt Hill: Monax

* PACE Co-funded

Copper

South Australia has the largest

Economic Demonstrated Resource

in Australia at 56.5Mt which is 70%

of the national total

Selected (Top 30) Copper

Historical+Current Resources

• OLYMPIC DAM (BHPB)

• PROMINENT HILL (OzMin)

• CARRAPATEENA (OzMin)

• HILLSIDE (Rex)

• KAPUNDA

• KANMANTOO (Hillgrove)

• EMMIE BLUFF

• KALKAROO

• CATTLE GRID

• MUTOOROO (Havilah)

• WALLAROO

• WINDABOUT

• MOONTA NORTH

• PORTIA

• WEST DOORA

• PARABARANA

• CAIRN HILL

• BLINMAN

• MOUNT GUNSON

• ANABAMA

• MG 14

• ELSIE

• ADAIR

• CATTLE GRID SOUTH

• BREMER

• ANGAS

• MOUNTAIN OF LIGHT (Phoenix)

• POONA

• WHEAL HUGHES

• BURRA

Australian Copper Conference 2012

Olympic Dam (1976)

Prominent Hill (2001)

Hillside (2009)

Carrapateena (2006)

Source: MinEx Consulting Feb 2010

Globally Competitive in New

Copper Discoveries

The Premier IOCG Terrane

• ca. 1000 km x 1000 km

(including Curnamona)

• Open, underexplored belt to

northwest

• Pervasive alteration

• Numerous targets

ADELAIDE

Prominent Hill

Carrapateena

Olympic Dam

Moonta – Wallaroo

Hillside

Iron Oxide Copper Gold Deposits

Olympic Dam

• Total Resource 9 129 Mt at 0.86% Cu, 0.027% U3O8, 0.32 g/t Au and 1.48g/t Ag

Total Ore Reserve 500 Mt at 1.84% Cu, 0.057% U3O8, 0.76 g/t Au and 3.41 g/t Ag

• Production 2011–12 193 000 t Cu, 3890 t U3O8, 118 000 oz Au

Prominent Hill

• Total Resource (including Ankata and Malu) – 214.9 Mt at 1.23% Cu, 0.5 g/t Au, 2.8

g/t Ag Production 2010–11 (contained metal in concentrate) – 105 751 t Cu, 191

708 oz Au, 530 568 oz Ag

• Production 2011–12 107 000 t Cu, 147 000 oz Au

Carrapateena

• Inferred Resource 203 Mt at 1.31% Cu, 0.56 g/t Au, 6.0 Ag, 270 ppm U3O8

Hillside Prospect

• Inferred Resource 217 Mt at 0.7% Cu, 0.2 g/t Au and 12.4% Fe

Total Remaining Copper (JORC

+ Historical)

0

10

20

30

40

50

60

70

80

90

1 3 5 7 9

11

13

15

17

19

21

23

25

27

29

Cu

(M

t)

PR

OM

INEN

T…

CA

RR

AP

ATE

…

HIL

LSID

E

KA

PU

ND

A

KA

NM

AN

TOO

EMM

IE B

LUFF

KA

LKA

RO

O

CA

TTLE

GR

ID

MU

TOO

RO

O

WA

LLA

RO

O

WIN

DA

BO

UT

MO

ON

TA

NO

RTH

…

BU

RR

A

WES

T D

OO

RA

PA

RA

BA

RA

NA

CA

IRN

HIL

L

BLI

NM

AN

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UN

T…

AN

AB

AM

A

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14

ELSI

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IR

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TTLE

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BR

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UN

TAIN

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Olympic Dam Statistical under-representation of large1-3Mt Cu occurrences and no giant 3-80 Mt Cu…. so far

Cu

(M

t)

Deposits

Deposits

1

2

3

Data courtesy Marc Davies

Uranium discoveries: All Years

Source: MinEx Consulting © July 2012

The world’s

biggest uranium

deposit is

in South Australia

By-Product

Uranium

Primary

Uranium

125 500

1000

25 5

kt U3O8 Olympic Dam

(2545 kt U3O8)

GLOBAL CONTEXT

Australia’s Uranium Resources

MINES

Olympic Dam: BHP-B

Beverley: Heathgate Resources

Beverley North: Heathgate Resources

Honeymoon: Uranium One/Mitsui

PROJECTS Four-Mile: Alliance Resources/Quasar Resources

Beverley South: Heathgate Resources

Crocker Well: Sinosteel PepinNini Curnamona Management

Samphire: Uranium SA

Junction Dam: Marmota Energy

PROSPECTS

Acropolis

Cane Grass

Oak Dam

Radium Hill

Wirrda Well

Yarranna

Uranium

Total uranium resources in

South Australia

2.65 Mt U3O8 (2.25 Mt U)

0.00

20000.00

40000.00

60000.00

80000.00

100000.00

120000.00

140000.00

160000.00

180000.00

200000.00

TOTAL U ENDOWMENT (t)

0.00

500000.00

1000000.00

1500000.00

2000000.00

2500000.00

SOUTH AUSTRALIAN URANIUM

Total

Uranium

Endowment:

2.25 Mt U

(2.65 Mt U3O8) t

Australia’s Iron Ore Resources

MINES

Middleback Ranges: Arium

Cairn Hill: IMX Resources Ltd

Iron Chieftain: Arium

*Wilgerup: Centrex Metals Ltd

Peculiar Knob : OneSteel Ltd

Wilcherry Hill: Ironclad Ltd

* PACE Co-funded

Iron Ore

PROJECTS

Bramfield: Lymex Ltd

Gum Flat: Lincoln Minerals Ltd

Hawks Nest: : OneSteel Ltd

Mutooroo: Sumitomo Metal Mining Oceania Pty Ltd/

Minotaur Exploration NL

Razorback: Royal Resources Ltd

Warramboo: Iron Road Ltd

Snaefell: IMX Resources Ltd

Bungalow: Centrex Metals Ltd Baotou Iron & Steel Group

Hematite Extension Project HEP: Arium

PROSPECTS

Lilydale: Havilah Resources NL

Maldorky: Havilah Resources NL

An exciting list of future

developments

Iron Ore

• Rejuvenation and expansion of iron ore magnetite mines in Middleback Ranges by

Arrium including Iron Baron, Iron Knob

• Wilcherry Hill magnetite mine north of Kimba - IronClad Mining

• Centrex Metals’ Wilgerup magnetite project and the associated WISCO/Centrex Port

Spencer bulk iron ore facility north of Tumby Bay.

• The Mutooroo, Razorback, Hawsons and Maldorky magnetite projects in the

Curnamona Province are pursuing export options through Port Pirie.

Copper

• Ankata underground copper gold mine expanding Prominent Hill operations - OZ

Minerals

• Carrapateena Copper Gold project OZ Minerals

Infrastructure

• Arrium’s Whyalla iron ore port expansion to double throughput for export of Peculiar

Knob and Hawks Nest

• Port Bonython proposed $600m—$700m bulk commodity deep sea port facility

PACE 2020

International Partnerships

China India

Chile

Saskatchewan Ontario

Adelaide

Importance of Our National and

International Partnerships

INTERNATIONAL

• Government of South Australia partnership with People’s Republic of China

• South Australia partnership with Shandong Province, China

• DMITRE Mineral Resources partnership with Beijing Research Institute of Uranium Geology,

China National Nuclear Corporation (CNNC)

• DMITRE Mineral Resources partnership with Jilin University, China

(Adjunct Professor Dr. Baohong Hou)

• DMITRE Mineral Resources & Saskatchewan Province, Canada

• GSSA and Chilean Ministry of Mines

NATIONAL

• SACOME-DMITRE partnership on Community Engagement and Code of Practice

• Leadership of Land Access Working Group under Standing Council Energy & Resources

• Partnership with Geoscience Australia

• South Australia’s Partnership with Northern Territory

• Geoscience Partnerships with Australian States and Territories

• Partnership with Deep Exploration Technology Cooperative Research Centre (DET CRC) and

Adelaide University

• Partnerships with CSIRO and Universities

Saskatchewan Ministry of

Energy and Resources

• Early March 2009 Memorandum of Understanding signed between DMITRE (PIRSA) and

the Saskatchewan Ministry of Energy and Resources, CANADA

– Saskatchewan is the leading jurisdiction in North America for uranium exploration and mining

production.

• Athabasca Basin

– World’s largest high grade

U mines

– Produces ~23% world U

• MoU aims to:

– Promote geoscientific exchange

– Facilitate geoscience knowledge

sharing

– Generate new U models for SA

– Develop regulation and

best practice policy

Athabasca Basin

3D modelling work

Multi-parameter

lithostratigraphic

logging

Hyperspectral

logging

Magnetic

depth to

basement Geophysical

Interpretation

AEM survey

Adobe 3D pdf

Cariewerloo Basin Project

South Australia’s Objective for

Mining Approvals

• Target of 6 months for Mineral Lease grant (timing from formal lodgement of lease application)

achievable for major mines in SA

• Major mine – Prominent Hill (Oxiana now Oz Minerals) approved in 5 months (2006)

• Major Mine – Jacinth Ambrosia (Iluka) approved in 7 months (2009)

• Small mine – White Dam (Exco) approved in 3 months (2007)

• Longer for uranium mines and mines that trigger Environmental Impact Statement and/or Hawes

Environment Protection and Biodiversity Conservation (Act 1999) processes

compares to national benchmark* of

– 1- 2 years for “major” mine

– 6-12 months for “small” mine

* “National Audit of regulations influencing mining exploration and project approvals processes”, report prepared by URS for MCA, February, 2006

1. PACE 2020 is the benchmark for Government

exploration/mining initiatives around the world

2. SA is World No.1 in Geoscience Data and Delivery

3. SA has attracted the world’s leading explorers and producers

4. Record growth in exploration and resource development

5. Globally significant exporter of Copper and high potential for

further discovery in the > 200 Mt (>1-3 Mt Cu) range

South Australia: a player on

the world resources stage