Corporate Presentation

Corporate Presentation

Corporate Presentation June 2011 www.timahresources.com.au Disclaimer & Disclosures This document has been prepared as a summary only and does not contain all information about the Timah Resources Limited (the Company) assets and liabilities, financial position and performance, profits and losses, prospects and the rights and liabilities attaching to the Company’s securities. The document should be read with any public announcements and reports released by Timah Resources Limited. The information is based on publicly available information, internally developed data and other sources. Where any option is expressed only. No warranties or representations can be made as to the origin, accuracy, completeness, or reliability of the information. Some of the statements contained in the presentation are forward looking statements. Forward looking statement information may include, but is not limited to, information with respect to the future financial and operating performance of the company or its afflicated companies statements relating to the continued advancement of the Company’s project and other statements which are not historical facts. When used in this document and other published information of the Company, the words such as “aim”, “could"," estimate”, “expect”, “may”, “potential”, “should” and similar expression are forward looking statements. Although, the Company believes that its expectation reflected in the forward looking statement area reasonable, such statements involve risk and uncertainties and no assurance can be given that actual results will be consistent with these forward looking statements. Various factors could cause actual results to differ from these forward looking statement include the potential that the Company’s projects may experience technical, geological, metallurgical and mechanical problems, changes in commodity prices, changes in government regulation, policies or legislation, unforeseen expenses, fluctuation in the exchange rate Australian dollar and the United States dollar and other risks not anticipated by the Company or disclosed in the Company’s published material. The Company doesn’t not purport to give financial advice. No accounts has been taken of the objectives, financial situation or needs of any recipient of this document. Recipients of this document should carefully consider whether the securities issued by the Company are an appropriate investment for them in light of their personal circumstance, including their financial and taxation position. Exploration Targets: The information included in this presentation relating to the trial mining, production, development or exploration targets should not be misunderstood or misconstrued as an estimate of Mineral Resources or Ore Reserves. The potential quantity, grade and quality is conceptual in nature, since there has been insufficient exploration to define a Mineral Resources or Reserves. It is uncertain if further exploration will result in the determination of a Mineral Resources or Reserve. 2 Disclaimer & Disclosures Competent Persons The information in this presentation that relates to iron exploration results is based on information verified by Graeme Johnston who is a Fellow of the Geological Society of London. Graeme Johnston is a non-executive director of Timah Resources Limited. Graeme Johnston has sufficient experience, which is relevant to the type of resources under consideration and the activities being 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”. Graeme Johnston consents to the inclusion in the report of this information in the form and context in which it appears. 3 Contents -Corporate Information - Iron Ore Industry - Project 1: Bathurst Island Iron Project - Project 2: Strachan Iron Project - Proposed IPO Details - Appendixes: Neighbouring Projects 4 Corporate Information Timah Management and Board of Directors . Lawrence Nguyen – Non-Executive Director . Jack Tan – Executive Chairman Lawrence has a Bachelor of Pharmacy degree from Sydney University and a Masters of Pharmacy (Clinical). He has management and corporate experience acquired through being >20 years experience in the finance, IPO and public companies. Former the director of a public listed company in Australia, Health Corporation Limited. He is a Non-Exec director of Orocobre Limited, Jack was a founder and Exec Member of The Australian Institute of Company Directors (MAICD) and is currently Director of Rocklands Richfield Ltd and Norton Goldfields Limited. He is completing his Fellowship. currently Chairman of ASX listed coal company Overseas & General Ltd. Robert Lees – Company Secretary . Michael Mo – Deputy Non-Exec Chairman He is a member of the Institute of Chartered Accountants in Australia and Chartered Has an extensive employment background throughout Asia, Australia and Secretaries of Australia. Provided Company Secretarial services to small ASX-listed UK in the construction, real estate, trading and resources industries. He is companies, which has included working on 10 IPO’s and back door listings. He is widely recognised as an experienced Investment and Management Executive and is a Director of several large-sized construction and trading presently the Company Secretary of four public listed companies. companies in China. He is currently Deputy Non-Exec Chairman of Overseas & General Ltd. Timah Resources is currently a NSX listed company seeking to IPO on the . Graeme Johnston – Non-Executive Director ASX through a capital raising up to A$6m with a minimum of A$3m and Graeme has a B.Sc (Hons) in Geology, M.Sc. in structural geology and rock over subscription up to A$12m at $0.20 per TMH share. mechanics, a Diploma of Imperial College of Science and Technology, and is a Fellow of the Geological Society of London. Graeme has 25 years experience in geology and mineral exploration in Australia, Malaysia and Minimum Minimum Over Eastern Europe including 15 years directly involved in iron ore projects. He Shares Subscription Subscription Subscription was a founding director of Goldstar Resources Limited and ASX Listed A$3million A$6million A$12million Ferrowest Limited. Shares on Issues prior to IPO 68,252,626 68,252,626 68,252,626 . Neil Stuart – Non-Executive Director Number of Options prior to IPO* 23,000,000 23,000,000 23,000,000 Neil is a qualified senior geologist who began his career in the mining Shares offered to the public under the Offer 15,000,000 30,000,000 60,000,000 industry in 1968. Neil has worked all over the globe and developed extensive experience in a wide range of mineral commodities including Shares to be Issued to Urban Minerals Pty Ltd** 2,000,000 2,000,000 2,000,000 coal, uranium and base metals. Founding Director of Oroplata Ltd, Rimfire Pacific Mining N.L. Presently a Non-Exec Chairman of Bowen Energy Ltd, Option to be issued to Urban Minerals*** 2,000,000 2,000,000 2,000,000 Non-Exec Director of Orocobre Ltd and Non-Exec Director of Axiom Mining Ltd and Overseas & General Ltd. Total Number of Shares following this Offer (fully 110,252,626 125,252,626 155,252,626 diluted) *23 million options, exercise at 30cents, exercise expiry date: 31 Dec 2013. **2 million shares escrowed for 12 months. ***2 million options, exercise at 30cents, 3 years escrowed period from date of option. 5 Iron Ore Industry . Brazil is the world’s largest iron ore producer, followed by Australia, China and India. Australia exports >91% of its iron ore production with increasing volume every year since 1991. Iron ore export value in 2009FY, reached a record high of A$34.2billion, up 67% from 2008FY and a 6 fold increase since 2001FY. In 2009FY, on average, Australia received A$106/t of export iron ore (averaged of DSO fines and lump), compared to A$31/t in 2001. 2011 averaged price is well over A$140/t FOB. World Iron Ore Production: ABARE 2010 Australia Iron Ore Profile: ABARE 2010 2,000 Million 500 40,000 Million Iron Ore Output A$bn 1,800 tonne tonne 35,000 Iron Ore Export 1,600 Others 400 30,000 1,400 Export Value 1,200 300 A$bn 25,000 1,000 20,000 Brazil 800 200 15,000 600 10,000 400 100 200 5,000 Australia - 0 - 2001 2002 2003 2004 2005 2006 2007 2008 2009 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010F 6 Iron Ore Industry . Australia remains the largest seaborne iron ore trader accounting for more than 35% of global seaborne iron ore volume, in front of Brazil and India. Australia’s key iron ore export destination is the Chinese market. In 2009FY, it accounted for 69% of iron ore export volume compared to 23% in 2001. Japan and South Korea are the other major Australian iron ore export destinations with the top 3 countries accounting for well over 97% of the iron ore export volume. Australia Iron Ore Export Destination: ABARE 2010 World Iron Ore Seaborne : ABARE 2010 300 Million China 80% 1,000 Mt tonne Japan 70% 900 Other 250 S.Korea EU 800 60% Others 700 200 % Export to China 50% 600 India 150 40% 500 400 30% Brazil 100 300 20% 200 50 10% 100 Australia - 0 0% 2001 2002 2003 2004 2005 2006 2007 2008 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010F 7 Iron Ore Industry Iron Ore the STEEL story…. China’s crude steel production has annually averaged 11.2% over the last 20 years, while rest of the world has contracted. Overall total world steel output averaging an increase of 2.3% p.a. Other large steel producers are Japan, USA, India, Russia, Germany and Brazil. World Crude Steel Production: World Steel Association 1,600 Million Rest of World Rest of Asia China tonne . China’s production accounts for 1,400 >45% of total world steel output. 1,200 . In 1995, China and USA steel 488 586 556 output was at similar level 1,000 419 567 93.6Mt.

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