2013 AGM Ma na g ing Dire c to r s Pre se nta tio n No ve mb e r - - PowerPoint PPT Presentation

▶

May 23, 2023 327 likes •578 views

2013 AGM Ma na g ing Dire c to r s Pre se nta tio n No ve mb e r 2013 Disc la ime r T his ma te ria l c o nta ins c e rta in fo re c a sts a nd fo rwa rd -lo o king info rma tio n, inc luding re g a rding po ssib le o r a ssume d future

SLIDE 1

2013 AGM

Ma na g ing Dire c to r’ s Pre se nta tio n No ve mb e r 2013

SLIDE 2

Disc la ime r T his ma te ria l c o nta ins c e rta in fo re c a sts a nd fo rwa rd -lo o king info rma tio n, inc luding re g a rding po ssib le

r a ssume d future pe rfo rma nc e , c o sts, pro duc tio n le ve ls o r ra te s, pric e s, re se rve s a nd re so urc e s o r

po te ntia l g ro wth o f Strike Re so urc e s, industry g ro wth o r o the r tre nd pro je c tio ns. Suc h fo re c a sts a nd info rma tio n a re no t a g ua ra nte e o f future pe rfo rma nc e a nd invo lve unkno wn risks a nd unc e rta intie s, a s we ll a s o the r fa c to rs, ma ny o f whic h a re b e yo nd the c o ntro l o f Strike Re so urc e s. Ac tua l re sults a nd de ve lo pme nts ma y diffe r ma te ria lly fro m tho se e xpre sse d o r implie d b y the se fo rwa rd -lo o king sta te me nts de pe nding o n a va rie ty o f fa c to rs. No thing in this ma te ria l sho uld b e c o nstrue d a s e ithe r a n o ffe r to se ll o r a so lic ita tio n o f a n o ffe r to b uy o r se ll se c uritie s. F ull JORC c o mpe te nt pe rso n sta te me nts fo r this pre se nta tio n a re c o nta ine d in Appe ndix 1, a lo ng side re le va nt re so urc e ta b le s.

SLIDE 3

Strike Re sourc e s – c re a ting va lue by de ve loping a la rg e sc a le hig h g ra de iron ore proje c t in Pe ru

3 I ro n o re pro je c t de ve lo pe r, fo c usse d o n the hig h g ra de (57% F e ) la rg e sc a le (20 Mtpa ) Apurima c ma g ne tite pro je c t in Pe ru We ll funde d - $13 millio n c a sh e no ug h fo r 12 – 18 mo nths o f de ve lo pme nt a nd e xplo ra tio n a c tivity Ac q uire d 100% c o ntro l o f fla g ship pro je c t, MD re -b a se d to Pe ru Ne a r te rm o b je c tive s - de fine 500Mt o f re so urc e s fro m e xisting de po sits a nd e xplo ra tio n ta rg e ts a t Apurima c a nd de mo nstra te pro o f o f c o nc e pt fo r sma ll sc a le ne a r te rm mining K e y to me e ting o b je c tive s will b e suc c e ssful se c uring o f c o mmunity a nd g o ve rnme nt a ppro va ls, with po sitive pro g re ss to da te

SLIDE 4

Ag e nda

ro n Ore Ma rke t

Why Pe ru?
Co rpo ra te Histo ry
Pro je c ts

SLIDE 5

T he iron ore ma rke t c ontinue s to show re silie nc e a s othe r c ommodity pric e s fa ll

China c o ntinue s to g ro w, no w c o ming

ff a ve ry hig h b a se
Ab so lute g ro wth ra te s

slo wing , b ut e ve n mo de st ra te s no w g e ne ra te la rg e inc re me nta l vo lume de ma nd

China e xpe c te d to pro duc e a ro und 1 b illio n to nne s o f ste e l b y 2025, up fro m 735 millio n to nne s c urre ntly Re st o f the wo rld still to c o me

Sig nific a nt urb a nisa tio n

a nd g ro wth still to c o me in Afric a a nd I ndia

So urc e : CapitalI Q

n Or

e Pr ic e Conse nsus F

e c asts ($US)

F Y13 F Y14 F Y15 F Y16 F Y17

$132.73 $125.36 $118.42 $107.30 $94.50

ADDIT IONAL SUPPL Y ST IL L RE QUIRE D

n Or

e Pr ic e Re mains F ir m

SLIDE 6

Pe ru is a n a ttra c tive de stina tion for mining inve stme nt

6 T he Pe ru Go ve rnme nt ha s a stro ng c o mmitme nt to e nc o ura g ing inte rna tio na l inve stme nt in the mining se c to r

e g a l re fo rms c a rrie d o ut in e a rly 2000s - mo de lle d o n I nte rna tio na l b e st pra c tic e

Aim to pro vide sta b le e nviro nme nt to se c ure me dium to lo ng te rm

inve stme nt

No disc rimina tio n b e twe e n na tio na l a nd fo re ig n inve sto rs
I

rre vo c a b le Mining Co nc e ssio ns

re e a va ila b ility o f fo re ig n c urre nc y tra nsfe rs, fre e tra nsfe r o f c a pita l

Arb itra tio n syste m to re so lve c o nflic ts
I

nte rna tio na lly c o mpe titive ta x a nd ro ya lty ra te s Pe ru is g e o g ra phic a lly ve ry we ll pla c e d fo r e xpo rting mine ra ls to China a nd USA

SLIDE 7

Pe ru is a g loba lly sig nific a nt produc e r of c ommoditie s with sig nific a nt ne w proje c ts pla nne d ove r the ne xt 10 ye a rs

So urc e : Mining Ye a rb o o k 2012.ME M.

Pe ru is a g lo b a lly sig nific a nt pro duc e r o f mine ra ls

Pe ru is the la rg e st pro duc e r o f g o ld, zinc , tin a nd le a d in L

a tin Ame ric a

hird la rg e st pro duc e r o f c o ppe r, silve r, zinc a nd tin wo rldwide

Ove r 400 mining lic e nc e s no w unde r e xplo ra tio n

Mining I nve stme nt c o ntinue s to a dva nc e in Pe ru

US$54.6 b illio n in inve stme nt pla nne d o ve r ne xt 10 ye a rs (20% of

whic h is planne d for the Apur imac r e gion)

Mining inve stme nt in Pe ru re a c he d a n histo ric a l re c o rd in 2012
f mo re tha n US$8.5 b illio n - inc luding US$US1.2 b illio n fo r

e xpa nsio n o f Ma rc o na iro n o re mine b y Sho ug a ng Hie rro

n the la st de c a de , Pe ruvia n mining e xpo rts ha ve inc re a se d in va lue e ig ht time s, a nd no w a c c o unt fo r o ve r 65% o f to ta l e xpo rts

Mine r al Rank – L atin Ame r ic a Rank – Wor ldwide

Zinc 1 3 T in 1 3 L e a d 1 3 Go ld 1 6 Silve r 2 3 Co ppe r 2 3

SLIDE 8

Pe ru ha s the strong e st g rowth of a ll of the South Ame ric a n c ountrie s a nd a ve ry he a lthy inve stme nt ra ting se c ond only to Chile in the re g ion

Inve stme nt gr ade

L atin Ame ric a b e nc hmarking

Countr y S&P F itc h Moody’s Chile A+ A+ Aa3 Pe r u BBB+ BBB+ Baa2 Me xic o BBB BBB Baa1 Br azil BBB BBB Baa2 Columbia BBB- BBB- Baa3 Bolivia BB- B+ Ba3 Ve ne zue la B+ B+ B2 Ar ge ntina B B B3 E c uador B B- Caa2

SLIDE 9

Str ike ’s shar e pr ic e histor y indic ate s tr e me ndous upside pote ntial, now it has 100% pr

je c t owne r

ship, c ommunity ac c e ss and ir

n pr

ic e s r e main str

$0.00 $0.50 $1.00 $1.50 $2.00 $2.50 $3.00

F e b 2007

I nc re a se s to 68% inte re st in Pro je c ts

April 2008 T hird pa rty offe r va lue s Strike ’s inte re st in Pe ru Proje c ts a t $450m July 2008

Apurima c Pre -F e a sib ility Study Co mple te d

F e b 2010

Re so urc e inc re a se a t Apurima c 269mt @ 57%fe

Se pt 2013 Community a c c e ss a pprova ls g ra nte d July 2006

Ac q uire s 51% inte re st in Apurima c a nd Cusc o Pro je c ts

De c 2012 Inc re a se s to 100% inte re st in Apurimac a nd Cusc o Proje c ts

SRK Shar e Pr ic e

Iron Ore Pric e s toda y a re similar to pric e s in 2008

SLIDE 10

Ac hie ve me nts during 2013

Co nso lida te d o wne rship o f Pe ru pro je c ts - SRK no w 100% E xite d I ndo ne sia c o a l pro je c t - $4,300,000 c a sh re c e ive d Pe rth b a se d c o rpo ra te o ve rhe a d sig nific a ntly re duc e d MD re lo c a te d to Pe ru - whe re the a c tio n is! I mpo rta nt c o mmunity a ppro va ls se c ure d Cue rvo re so urc e inve nto ry sig nific a ntly e xpa nde d Ma inta ine d stro ng c a sh b a la nc e

SLIDE 11

Strike ’s proje c ts a re foc usse d in the hig hly prospe c tive Apurima c a nd Cusc o re g ions in southe rn Pe ru, home to se ve ra l world c la ss proje c ts

Apurima c (100% Strike )

la g ship pro je c t

Ve ry hig h g ra de Ma g ne tite o re :

269Mt a t 57.3% F e

Sho rt te rm ta rg e t o f 500 Mt
Pro duc tio n T

a rg e t: 20 Mtpa

69,000 ha o f c o nc e ssio ns

Cusc o (100% Str ike )

104Mt a t 32.6% F

e with e xplo ra tio n upside

17,000 ha o f c o nc e ssio ns

Ce rro Cc opa ne

395.6 Mt a t a n a ve ra g e g ra de o f

43.8% iro n.

3rd pa rty o pe ra te d

SLIDE 12

Pr e - fe asibility study c omple te d in 20081 (update d in 20102) on Apur imac pr

je c t

indic ate s c le ar pote ntial for de ve lopme nt of a wor ld c lass ir

n or

e pr

je c t

duc tion tar

ge t 15 – 20 million tonne s pe r ye ar

f ir
n- or

e c onc e ntr ate

Ba se c a se o f 20Mtpa o f c o nc e ntra te pro duc e d b y o pe n pit mining a nd pro c e ssing 20 – 27Mtpa o f
re
T

ra nspo rt o f the hig h g ra de (>66%F e ) pro duc t to the c o a st via a slurry pipe line fo r drying a nd shipme nt to c usto me rs

E stimate d c apital e xpe nditur e (2010) of US$ 2.6 – 2.9 billion, c ompe titive with othe r major ir

n or

e pr

je c ts
Va rio us pro duc tio n a nd tra nspo rt o ptio ns we re c o nside re d, inc luding Ra il, Ro pe Co nve yo r (lump a nd

fine s) a nd Slurry Pipe line (c o nc e ntra te )

Slurry Pipe line o ffe rs lo we st c a pita l c o st

Attr ac tive life - of- mine ope r ating e xpe nse s (2010) of US$ 17 – 20 pe r tonne of pr

duc t
Ope n c ut mine , lo w strip ra tio (1.2 to 1.8) de live rs lo w mining c o sts
Ore is hig h g ra de , c o a rse g ra ine d ma g ne tite whic h lib e ra te s e a sily
Hig h Ma ss Re c o ve rie s (>60%) a t c o a rse g rind size (>500 mic ro ns) le a ding to lo w pro c e ssing c o sts
Slurry pipe line pro vide s lo w c o st tra nspo rt me c ha nism

SLIDE 13

Strike ’s Apurima c proje c t be nc hma rks we ll a g a inst othe r c ompa ra ble iron ore proje c ts a round the world

Hig h Gra de L

w Ope ra ting

Costs L

w Ca pita l

Inte nsity

SLIDE 14

Drilling pla nne d for 2014 to e xpa nd re sourc e s a t Opa ba n c onc e ssions a nd te st ma g ne tic ta rg e ts a t Silla c c a ssa , 25km to the we st of Opa ba n

OPABAN III OPABAN III OPABAN III OPABAN III OPABAN III OPABAN III OPABAN III OPABAN III OPABAN III OPABAN I OPABAN I OPABAN I OPABAN I OPABAN I OPABAN I OPABAN I OPABAN I OPABAN I

OP1-054 OP1-054 OP1-054 OP1-054 OP1-054 OP1-054 OP1-054 OP1-054 OP1-054 OP1-067 OP1-067 OP1-067 OP1-067 OP1-067 OP1-067 OP1-067 OP1-067 OP1-067 OP1-055 OP1-055 OP1-055 OP1-055 OP1-055 OP1-055 OP1-055 OP1-055 OP1-055 OP1-071 OP1-071 OP1-071 OP1-071 OP1-071 OP1-071 OP1-071 OP1-071 OP1-071 OP1-024 OP1-024 OP1-024 OP1-024 OP1-024 OP1-024 OP1-024 OP1-024 OP1-024

CRISTOFORO 22 CRISTOFORO 22 CRISTOFORO 22 CRISTOFORO 22 CRISTOFORO 22 CRISTOFORO 22 CRISTOFORO 22 CRISTOFORO 22 CRISTOFORO 22

OP1-001 OP1-001 OP1-001 OP1-001 OP1-001 OP1-001 OP1-001 OP1-001 OP1-001 OP1-002 OP1-002 OP1-002 OP1-002 OP1-002 OP1-002 OP1-002 OP1-002 OP1-002 OP1-003 OP1-003 OP1-003 OP1-003 OP1-003 OP1-003 OP1-003 OP1-003 OP1-003 OP1-004 OP1-004 OP1-004 OP1-004 OP1-004 OP1-004 OP1-004 OP1-004 OP1-004 OP1-005 OP1-005 OP1-005 OP1-005 OP1-005 OP1-005 OP1-005 OP1-005 OP1-005 OP1-006 OP1-006 OP1-006 OP1-006 OP1-006 OP1-006 OP1-006 OP1-006 OP1-006 OP1-007 OP1-007 OP1-007 OP1-007 OP1-007 OP1-007 OP1-007 OP1-007 OP1-007 OP1-008 OP1-008 OP1-008 OP1-008 OP1-008 OP1-008 OP1-008 OP1-008 OP1-008 OP1-009 OP1-009 OP1-009 OP1-009 OP1-009 OP1-009 OP1-009 OP1-009 OP1-009 OP1-010 OP1-010 OP1-010 OP1-010 OP1-010 OP1-010 OP1-010 OP1-010 OP1-010 OP1-011 OP1-011 OP1-011 OP1-011 OP1-011 OP1-011 OP1-011 OP1-011 OP1-011 OP1-012 OP1-012 OP1-012 OP1-012 OP1-012 OP1-012 OP1-012 OP1-012 OP1-012 OP1-013 OP1-013 OP1-013 OP1-013 OP1-013 OP1-013 OP1-013 OP1-013 OP1-013 OP1-014 OP1-014 OP1-014 OP1-014 OP1-014 OP1-014 OP1-014 OP1-014 OP1-014 OP1-015 OP1-015 OP1-015 OP1-015 OP1-015 OP1-015 OP1-015 OP1-015 OP1-015 OP1-016 OP1-016 OP1-016 OP1-016 OP1-016 OP1-016 OP1-016 OP1-016 OP1-016 OP1-017 OP1-017 OP1-017 OP1-017 OP1-017 OP1-017 OP1-017 OP1-017 OP1-017 OP1-018 OP1-018 OP1-018 OP1-018 OP1-018 OP1-018 OP1-018 OP1-018 OP1-018 OP1-019 OP1-019 OP1-019 OP1-019 OP1-019 OP1-019 OP1-019 OP1-019 OP1-019 OP1-020 OP1-020 OP1-020 OP1-020 OP1-020 OP1-020 OP1-020 OP1-020 OP1-020 OP1-021 OP1-021 OP1-021 OP1-021 OP1-021 OP1-021 OP1-021 OP1-021 OP1-021 OP1-022 OP1-022 OP1-022 OP1-022 OP1-022 OP1-022 OP1-022 OP1-022 OP1-022 OP1-023 OP1-023 OP1-023 OP1-023 OP1-023 OP1-023 OP1-023 OP1-023 OP1-023 OP1-025 OP1-025 OP1-025 OP1-025 OP1-025 OP1-025 OP1-025 OP1-025 OP1-025 OP1-026 OP1-026 OP1-026 OP1-026 OP1-026 OP1-026 OP1-026 OP1-026 OP1-026 OP1-027 OP1-027 OP1-027 OP1-027 OP1-027 OP1-027 OP1-027 OP1-027 OP1-027 OP1-028 OP1-028 OP1-028 OP1-028 OP1-028 OP1-028 OP1-028 OP1-028 OP1-028 OP1-029 OP1-029 OP1-029 OP1-029 OP1-029 OP1-029 OP1-029 OP1-029 OP1-029 OP1-030 OP1-030 OP1-030 OP1-030 OP1-030 OP1-030 OP1-030 OP1-030 OP1-030 OP1-031 OP1-031 OP1-031 OP1-031 OP1-031 OP1-031 OP1-031 OP1-031 OP1-031 OP1-032 OP1-032 OP1-032 OP1-032 OP1-032 OP1-032 OP1-032 OP1-032 OP1-032 OP1-033 OP1-033 OP1-033 OP1-033 OP1-033 OP1-033 OP1-033 OP1-033 OP1-033 OP1-034 OP1-034 OP1-034 OP1-034 OP1-034 OP1-034 OP1-034 OP1-034 OP1-034 OP1-035 OP1-035 OP1-035 OP1-035 OP1-035 OP1-035 OP1-035 OP1-035 OP1-035 OP1-036 OP1-036 OP1-036 OP1-036 OP1-036 OP1-036 OP1-036 OP1-036 OP1-036 OP1-037 OP1-037 OP1-037 OP1-037 OP1-037 OP1-037 OP1-037 OP1-037 OP1-037 OP1-038 OP1-038 OP1-038 OP1-038 OP1-038 OP1-038 OP1-038 OP1-038 OP1-038 OP1-039 OP1-039 OP1-039 OP1-039 OP1-039 OP1-039 OP1-039 OP1-039 OP1-039 OP1-040 OP1-040 OP1-040 OP1-040 OP1-040 OP1-040 OP1-040 OP1-040 OP1-040 OP1-041 OP1-041 OP1-041 OP1-041 OP1-041 OP1-041 OP1-041 OP1-041 OP1-041 OP1-042 OP1-042 OP1-042 OP1-042 OP1-042 OP1-042 OP1-042 OP1-042 OP1-042 OP1-043 OP1-043 OP1-043 OP1-043 OP1-043 OP1-043 OP1-043 OP1-043 OP1-043 OP1-044 OP1-044 OP1-044 OP1-044 OP1-044 OP1-044 OP1-044 OP1-044 OP1-044 OP1-045 OP1-045 OP1-045 OP1-045 OP1-045 OP1-045 OP1-045 OP1-045 OP1-045 OP1-046 OP1-046 OP1-046 OP1-046 OP1-046 OP1-046 OP1-046 OP1-046 OP1-046 OP1-047 OP1-047 OP1-047 OP1-047 OP1-047 OP1-047 OP1-047 OP1-047 OP1-047 OP1-048 OP1-048 OP1-048 OP1-048 OP1-048 OP1-048 OP1-048 OP1-048 OP1-048 OP1-049 OP1-049 OP1-049 OP1-049 OP1-049 OP1-049 OP1-049 OP1-049 OP1-049 OP1-050 OP1-050 OP1-050 OP1-050 OP1-050 OP1-050 OP1-050 OP1-050 OP1-050 OP1-051 OP1-051 OP1-051 OP1-051 OP1-051 OP1-051 OP1-051 OP1-051 OP1-051 OP1-052 OP1-052 OP1-052 OP1-052 OP1-052 OP1-052 OP1-052 OP1-052 OP1-052 OP1-053 OP1-053 OP1-053 OP1-053 OP1-053 OP1-053 OP1-053 OP1-053 OP1-053 OP1-056 OP1-056 OP1-056 OP1-056 OP1-056 OP1-056 OP1-056 OP1-056 OP1-056 OP1-057 OP1-057 OP1-057 OP1-057 OP1-057 OP1-057 OP1-057 OP1-057 OP1-057 OP1-058 OP1-058 OP1-058 OP1-058 OP1-058 OP1-058 OP1-058 OP1-058 OP1-058 OP1-059 OP1-059 OP1-059 OP1-059 OP1-059 OP1-059 OP1-059 OP1-059 OP1-059 OP1-060 OP1-060 OP1-060 OP1-060 OP1-060 OP1-060 OP1-060 OP1-060 OP1-060 OP1-061 OP1-061 OP1-061 OP1-061 OP1-061 OP1-061 OP1-061 OP1-061 OP1-061 OP1-062 OP1-062 OP1-062 OP1-062 OP1-062 OP1-062 OP1-062 OP1-062 OP1-062 OP1-063 OP1-063 OP1-063 OP1-063 OP1-063 OP1-063 OP1-063 OP1-063 OP1-063 OP1-064 OP1-064 OP1-064 OP1-064 OP1-064 OP1-064 OP1-064 OP1-064 OP1-064 OP1-065 OP1-065 OP1-065 OP1-065 OP1-065 OP1-065 OP1-065 OP1-065 OP1-065 OP1-066 OP1-066 OP1-066 OP1-066 OP1-066 OP1-066 OP1-066 OP1-066 OP1-066 OP1-068 OP1-068 OP1-068 OP1-068 OP1-068 OP1-068 OP1-068 OP1-068 OP1-068 OP1-069 OP1-069 OP1-069 OP1-069 OP1-069 OP1-069 OP1-069 OP1-069 OP1-069 OP1-070 OP1-070 OP1-070 OP1-070 OP1-070 OP1-070 OP1-070 OP1-070 OP1-070 OP1-072 OP1-072 OP1-072 OP1-072 OP1-072 OP1-072 OP1-072 OP1-072 OP1-072 OP1-073 OP1-073 OP1-073 OP1-073 OP1-073 OP1-073 OP1-073 OP1-073 OP1-073 OP1-074 OP1-074 OP1-074 OP1-074 OP1-074 OP1-074 OP1-074 OP1-074 OP1-074 OP1-075 OP1-075 OP1-075 OP1-075 OP1-075 OP1-075 OP1-075 OP1-075 OP1-075 OP1-076 OP1-076 OP1-076 OP1-076 OP1-076 OP1-076 OP1-076 OP1-076 OP1-076

Opa b a n drilling to te st e xte nsio ns a lo ng strike

Pre vio us drilling de fine d

re so urc e s o f 269Mt @ 57.3% F e

Ma g ne tic a no ma lie s a nd
utc ro p e xte nd to no rth

a nd so uth

a rg e g ra vity a no ma ly ta rg e t a t e a st o f Opa b a n 3 Silla c c a ssa drilling to te st ma g ne tic a no ma lie s a nd

utc ro pping ma g ne tite

SLIDE 15

Re g iona l e xplora tion is a lso pla nne d for 2014, in a re a s with ide ntifie d ma g ne tic a noma lie s a nd outc ropping iron mine ra lisa tion

Ma g ne tic Surve y

SLIDE 16

Strike is pla nning to re c omme nc e drilling a t Apurima c in 2014, with e nvironme nta l impa c t study a lre a dy unde rwa y

SHORT T E RM PL AN Nov De c Ja n F e b Ma r Apr Ma y Jun Jul Aug Se p Oc t Opa ba n E nvironme ntal Study (E IA) E IA submitte d for a pprova l by Ministr y of E ne rg y a nd Mine s (ME M) 20,000 m Drilling prog ram a t Opa ba n* Sa te llite Conc e ssion (Sillac c a ssa) E nvironme ntal Study (DIA) Sa te llite Conc e ssions DIA submitte d for a pprova l by ME M Sa te llite Conc e ssion drilling prog ra m (3,000 – 4,000m)*

*All drilling is sub je c t to re c e ipt o f a ll ne c e ssa ry g o ve rnme nt a nd c o mmunity a ppro va ls

ME DIUM T E RM PL AN 2014 2015 2016 Re sourc e De finition Upda te 2008 Pre - F e a sibility Study F e a sibility Study 2013 2014

SLIDE 17

Strike is a lso e va lua ting a lte rna tive s to c omme nc e sma ll sc a le , ne a r- te rm produc tion, to g e ne ra te e a rly c a shflows

Strike ha s a lre a dy c re a te d a sto c kpile o f hig h g ra de DSO ma te ria l

8,000 to nne s ha s b e e n mine d b y lo c a l ‘ c o mmunity mine rs’
65% F

e , 0.04% P, 0.013% S

Arra ng e me nts b e ing fina lise d to truc k to c o a st
Buye rs ide ntifie d – stro ng de ma nd fo r hig h q ua lity ma te ria l
I

f suc c e ssful , po te ntia l e xists to sc a le -up to mo re sig nific a nt q ua ntitie s

Co nsiste nt with g o ve rnme nt po lic y to fo rma lise info rma l

c o mmunity mine rs

Stre ng the ns re la tio nship with lo c a l c o mmunity
Using c o mmunity mine rs spe e ds up pe rmitting fo r sma ll

sc a le mining 17

SLIDE 18

Strike is foc usse d on building a strong “Soc ia l L ic e nse ” with loc a l c ommunitie s – a g re e me nts in pla c e with two c ommunitie s

Go o d c o mmunity re la tio ns a re c ritic a l fo r suc c e ss I n Pe ru

L
c a l c o mmunitie s c o ntro l surfa c e la nd rig hts
De a ling with c o mmunitie s c a n b e c ha lle ng ing a t time s a s mining c o mpa nie s a re o fte n

vie we d with suspic io n a nd fe a r

Co mmunity e xpe c ta tio ns ha ve b e e n drive n up re c e ntly b y la rg e mining pro je c ts
So me g o o d pro g re ss no w b e ing se e n b y Strike – a ppro va l fo r surve ys g ra nte d

Strike ha s inve ste d o ve r the la st 12 mo nths in b uilding a so c ia l lic e nse with the Huinc ho s Co mmunity, whic h c o ve rs mo st o f the ma in Opa b a n o re b o dy

On-site te a m o f 4 c o mmunity re la tio ns spe c ia lists
4 lo c a l c o mmunity info rma tio n o ffic e s e sta b lishe d
Assista nc e with purc ha se o f fe rtilise r a nd o the r a g ric ultura l suppo rt
F

unde d c o nstruc tio n o f thre e lo c a l spo rtsfie lds a nd o ne c hurc h

nve stme nts in lo c a l he a lth a nd e duc a tio n pro g ra ms

e c hnic a l suppo rt fo r irrig a tio n a nd o the r pro je c ts

SLIDE 19

Strike a lso holds substa ntia l e xplora tion a sse ts in the Cusc o re g ion of Pe ru

Curre nt JORC Re so urc e o f 104Mt a t 32.6% F

e with e xplo ra tio n upside

Mine ra lisa tio n re ma ins o pe n a lo ng strike a nd a t de pth
Ce ntre d o n a la rg e 2 kilo me tre dia me te r c irc ula r ma g ne tic a no ma ly with

no rth a nd no rth-e a st tre nding ma g ne tic hig hs e xte nding b o th no rth a nd so uth o f the c irc ula r fe a ture

xte nsive o utc ro ps o f hig h-g ra de iro n o re c o inc ide with the ma g ne tic a no ma lie s

Ma pping a nd surfa c e sa mpling indic a te s the se o utc ro pping zo ne s

c o mmo nly c o nta in >60% F e a nd c o nta in a mixture o f b o th ha e ma tite a nd ma g ne tite

Strike ho lds c o nc e ssio ns c o mprising 17,000 he c ta re s in Cusc o

Re so urc e s o f 395.6 Mt a t a n a ve ra g e g ra de o f 43.8% iro n a t the Ce rro

Cc o pa ne pro je c t whic h c o mplime nt Strike ’ s e xisting ho lding s in Cusc o

Cue rvo ha s 14,000 he c ta re s o f e xplo ra tio n la nd with sub sta ntia l e xplo ra tio n

upside

Strike ho lds a 31% inte re st in Cue rvo Re so urc e s I nc .

SLIDE 20

Summa ry - with 100% proje c t owne rship a nd c ommunity a pprova ls for e xplora tion, strike is ba c k on tra c k for sig nific a nt va lue c re a tion

e mains a good busine ss, with de mand and pr ic e s e xpe c te d to r e main fir m Pe r u is e ndowe d with imme nse natur al r e sour c e s and a favour able inve stme nt r e gime T he Apur imac Pr

je c t has c le ar

pote ntial to be de ve lope d into a wor ld c lass mine Str ike holds a str ate gic landholding with e xc iting pote ntial inhe r e nt in the r e gion

Str ike has c ash r e se r ve s suffic ie nt to advanc e pr ior itie s for 2014

Consolidate c ommunity appr

vals

Imple me nt ne xt phase of dr illing and e xplor ation at Apur imac Gr

w ir
n or

e r e sour c e base to 500mt ”Cr itic al Mass” ne c e ssar y to de ve lop a 15 – 20 million tonne pe r annum mine Unde r take “Pr

of of

c onc e pt” for small sc ale , ne ar te r m pr

duc tion

SLIDE 21

APPE NDICE S

SLIDE 22

Ca te g ory Proje c t De nsity t/ m 3 Mt F e % SiO 2% Al2O 3% P% S%

Infe rre d 4 127.19 56.7 9.66 2.7 0.04 0.2 Ind ic a te d Op a b a n 1 4 133.71 57.57 9.46 2.54 0.04 0.12 Ind ic a te d Op a b a n 3 4 8.53 62.08 4.58 1.37 0.07 0.25

ta ls

269.4 57.3 9.4 2.56 0.04 0.16 Ca te g ory Proje c t De nsity t/ m 3 Mt* F e % SiO 2% Al2O 3% P% S%

Infe rre d Sa nto T

ma s

4 104.4 32.62 0.53 3.19 0.035 0.53

ta ls

104.4 32.62 0.53 3.19 0.035 0.53 Ca te g ory T

nne s (Mt)

Iron (% ) SiO 2 (% ) Al2O 3 (% ) P (% ) S% Infe rre d

217.0 40.2 21.6 5.0 0.08 2.2

Ca te g ory T

nne s (Mt)

Iron (% ) Infe rre d

340.0 43.3

Indic a te d

35.9 45.9

Me a sure d

19.7 48.3

ta l

395.6 43.8

Altho ug h a full suite o f e le me nta ry a na lyse s we re c o mple te d o n a ll drilling a t Ce rro Cc o pa ne the re so urc e s a pa rt fro m Bo b 1 (Go ld e r) we re no t e stima te d fo r SiO2, Al2O3, o r P a nd S g ra de e stima te s we re c o mple te d o nly fo r Orc o pura a nd Bo b 1 (Go ld e r) re so urc e s.

Co mb ine d Mine ra l Re so urc e s fo r Opa b a n 1 a nd Opa b a n 3 Cusc o Ce rro Cc o pa ne T

ta l

Ce rro Cc o pa ne - Bo b 1 o nly JORC Re sour c e T able s

SLIDE 23

T he info rma tio n in re spe c t to mine ra l re so urc e s a nd o the r e xplo ra tio n re sults a t Ce rro Cc o pa ne is e xtra c te d fro m the re po rt e ntitle d "Ce rro Cc o pane Re so urc e and F unding Update " re le a se d b y Strike to the ASX o n 30 July 2013 a nd a va ila b le a t www.strike re so urc e s.c o m.a u. T he Co mpa ny c o nfirms tha t it is no t a wa re o f a ny ne w info rma tio n o r da ta tha t ma te ria lly a ffe c ts the info rma tio n inc lude d in the o rig ina l ma rke t a nno unc e me nt. T he c o mpa ny c o nfirms tha t the fo rm a nd c o nte xt in whic h the Co mpe te nt Pe ro n's finding s a re pre se nte d ha ve no t b e e n ma te ria lly mo difie d fro m the o rig ina l ma rke t a nno unc e me nt.

JORC Code (2004) Compe te nt Pe rson Sta te me nt - Apurima c a nd Cue rvo

T he info rma tio n in this do c ume nt tha t re la te s to e xplo ra tio n re sults a nd mine ra l re so urc e s I n re spe c t o f the Apurima c a nd Cue rvo pro je c ts ha s b e e n c o mpile d b y Mr K e n He llste n, B.Sc . (Ge o lo g y), who is a c o nsulta nt to Strike Re so urc e s L td a nd is a F e llo w o f the Austra la sia n I nstitute o f Mining a nd Me ta llurg y. Mr He llste n ha s suffic ie nt e xpe rie nc e re le va nt to the style o f mine ra lisa tio n a nd type o f de po sit unde r c o nside ra tio n a nd to the a c tivity whic h he is unde rta king to q ua lify a s a Co mpe te nt Pe rso n a s de fine d in the 2004 E ditio n o f the “Austra la sia n Co de fo r Re po rting o f Mine ra l Re so urc e s a nd Ore Re se rve s” (the JORC Co de ). Mr He llste n c o nse nts to the inc lusio n in this do c ume nt o f the ma tte rs b a se d o n this info rma tio n in the fo rm a nd c o nte xt in whic h it a ppe a rs.

COMPE T E NT PE RSONS ST AT E ME NT S

SLIDE 24

T ha nk Yo u

Pe ru Austra lia

Willia m Jo hnso n Ma na g ing Dire c to r Strike Re so urc e s T e l: +(511) 715-8090 wjo hnso n@ strike re so urc e s.c o m.a u Sha ne Murp hy – Me d ia & Inve sto r Re la tio ns FT I Co nsulting +61 8 9485 8888 +61 420 945 291 sha ne .murp hy@ ftic o nsulting .c o m