A NEW GOLD SYSTEM IN AUSTRALIAS PREMIER GOLD PROVINCE Tom Sanders, - PowerPoint PPT Presentation

A NEW GOLD SYSTEM IN AUSTRALIA’S PREMIER GOLD PROVINCE Tom Sanders, RIU Resources Round-up ASX Code: BRB Sydney, 14-16 May 2013 www.breakerresources.com.au

Cautionar y State me nt DISCL AIME R T his pre se nta tio n ha s be e n pre pa re d b y Bre ake r Re so urc e s NL (“Co mpany”) in c o nne c tio n with pro viding g e ne ral and b ac kg ro und info rmatio n o n the Co mpany. T his pre se nta tio n sho uld no t b e re lie d upo n a s a re pre se nta tio n o f any ma tte r tha t an a dviso r o r po te ntial inve sto r sho uld c o nside r in e valua ting the Co mpany. T he Co mpany a nd its re la te d b o die s c o rpo ra te o r any o f its dire c to rs, a g e nts, o ffic e rs o r e mplo ye e s do no t make a ny re pre se nta tio ns o r wa rranty, e xpre ss o r implie d, a s to o r e ndo rse me nt o f the Co mpany, the a c c urac y o r c o mple te ne ss o f any info rma tio n, sta te me nts o r re pre se nta tio ns c o ntaine d in this pre se nta tio n, and the y do no t a c c e pt a ny liab ility wha tso e ve r (inc luding in ne g lig e nc e ) fo r a ny info rmatio n, re pre se nta tio n o r sta te me nt ma de in o r o mitte d fro m this pre se nta tio n. T his do c ume nt ma y c o nta in c e rta in fo rwa rd-lo o king sta te me nts whic h invo lve kno wn and unkno wn risks, de la ys a nd unc e rta intie s no t unde r the Co mpany’ s c o ntro l whic h ma y c a use ac tual re sults, pe rfo rmanc e o r a c hie ve me nts o f the Co mpany to b e ma te rially diffe re nt fro m the re sults, pe rfo rmanc e o r e xpe c ta tio ns implie d b y the se fo rwa rd lo o king sta te me nts. T he Co mpany ma ke s no re pre se ntatio n o r wa rranty, e xpre ss o r implie d, a s to o r e ndo rse me nt o f the ac c urac y o r c o mple te ne ss o f any info rma tio n, sta te me nts o r re pre se nta tio ns c o nta ine d in this pre se nta tio n with re spe c t to the Co mpany. Any disc ussio n in re la tio n to E xplo ratio n T a rg e ts, implie d o r sta te d, is o nly c o nc e ptual in na ture . I nve sto rs a re a dvise d tha t b y the ir na ture a s visual a ids, pre se nta tio ns pro vide info rmatio n in a summa ry fo rm. I nve sto rs a re urg e d to re a d suppo rting info rma tio n in full in ASX re le a se s. T his pre se nta tio n do e s no t c o nstitute a n o ffe r o f se c uritie s in the Co mpany no r sho uld this pre se nta tio n b e re lie d upo n b y any a dviso r o r po te ntial inve sto r in making an inve stme nt de c isio n in the Co mpany. COMPE T E NT PE RSONS ST AT E ME NT T he g e o lo g ic al info rmatio n in this re po rt tha t re la te s to E xplo ra tio n Re sults is b a se d o n info rma tio n re vie we d b y Mr T o m Disc laime r Sande rs who is a me mb e r o f the Austra la sian I nstitute o f Mining and Me tallurg y. Mr Sande rs is a n E xe c utive o f Bre ake r Re so urc e s NL a nd ha s b e e n e ng a g e d o n a n 80% o f full time b a sis. Mr Sande rs ha s suffic ie nt e xpe rie nc e whic h is re le vant to the style o f mine ralisa tio n and type o f de po sit unde r c o nside ra tio n to qualify 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 sian Co de fo r the Re po rting o f E xplo ra tio n Re sults, Mine ral Re so urc e s a nd Ore Re se rve s”. Mr Sande rs c o nse nts to the inc lusio n in the re po rt 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 . 2

Our Busine ss E aste r n Goldfie lds Supe r te r r ane (E GST )  E sta b lishe d to c a pita lise o n la nd ma rk c ha ng e s a ffe c ting WA’ s E a ste rn Go ld fie ld s Supe rte rra ne (E GST ) whic h a c c o unts fo r 75% o f Austra lia ’ s g o ld  Bre a ke r no w la rg e st te ne me nt ho ld e r in the E GST a fte r “e a rly mo ve r” pe g g ing o f ke y struc ture s in No v 2010 (e ig ht 100%-o wne d pro je c ts, 5,500km 2 ) Duke ton Attila 10Moz  E a r ly suc c e ss on une xplor e d g r ound 1Moz − L a r g e ne w g old syste m ide ntifie d a t De xte r Pr oje c t (initia l RC dr illing in pr og r e ss to te st pote ntia l) opic a na T r − Sig nific a nt (+10km) g old-in-soil a noma lie s 7.9Moz ide ntifie d a t Mt Gill a nd Kur r a jong South Pr oje c ts oduc tion  Busine ss str a te g y… sha r e holde r va lue / le ve r a g e Gro wth via d isc o ve ry using mo d e rn so il g e o c he m to find “c o mpa ny ma king ” g o ld Known Gold De posits d e po sits in la rg e une xplo re d pa rts o f a wo rld Intr c la ss g o ld pro vinc e 3

Cor por ate Ove r vie w Ca pita l Struc ture (L iste d April 2012, $0.20 pa r)  F  Ma rke t c a p ($0.35): ~$19.3 million ully pa id sha re s: 55.1 million  L iste d options: 21.2 million  Ca sh: $3.2 million (31 Ma rc h 2013) ($0.25 De c 2014)  Unliste d options: 8.1 million  T op 20 inve stors: 88.4% Sha re re g iste r domina te d Bre a ke r Sha re Pric e vs All Ords Gold Inde x by la rg e funds BRB vs XGD - One Ye a r to Ma y 2013 BRB +75% XGD - 31% XGD oduc tion BRB De xte r Intr Announc e me nt 4

Boar d & Se nior Manage me nt E xpe r ie nc e d mining industr y pr ofe ssionals foc use d on shar e holde r value s E xe c utive Chair man Sande r om • Ge o lo g ist with 35 ye a rs e xpe rie nc e in e xplo ra tio n, mining a nd c o rpo ra te ma na g e me nt T • E xte nsive e xpo sure to E a ste rn Go ld fie ld s re g io n; pre vio usly b uilt a 2Mo z g o ld inve nto ry Mike Kitne y Non- E xe c utive Dir e c tor • Pro c e ss e ng ine e r with 38 ye a rs e xpe rie nc e in the mining ind ustry • Curre nt Chie f Ope ra ting Offic e r a t K a sb a h Re so urc e s ds Non- E xe c utive Dir e c tor k dwar Mar • L a wye r with 27 ye a rs e xpe rie nc e in re so urc e s a nd c o rpo ra te la w • E xpe rie nc e in ASX listing s, jo int ve nture s, pro je c t a g re e me nts a nd pro je c t fina nc ing E Ala sta ir Ba rke r E xplor ation Manage r oduc tion • Ge o lo g ist with +20 ye a rs e xpe rie nc e in e xplo ra tio n a nd mining Mic he lle Simson Manage r Cor por ate Affair s/ Company Se c r e tar y Intr • 18 ye a rs a d ministra tio n e xpe rie nc e (c o rpo ra te , mining a nd e xplo ra tio n) 5

Pr oje c t Ove r vie w E aste r n Goldfie lds Supe r te r r ane (E GST )  T he e a ste rn ha lf o f the E GST is e sse ntia lly une xplo re d o utside re c e nt disc o ve ry a re a s…a ne w se a rc h spa c e a nd disc o ve ry ho t spo t with e xpa nding infra struc ture  Bre a ke r’ s pro je c ts a re o n se le c te d Duke ton 10Moz struc ture s a dja c e nt to ma jo r c rusta l fa ults whe re g o ld is kno wn to b e mo st a b unda nt Attila 1Moz  E ar ly r e sults validate o ur str ate gic fo c us and …the unte ste d go ld po te ntial o f the E GST oje c ts  Ya ma rna She a r (ma in fo c us) T r opic a na − De xte r Pro je c t (la rg e g o ld syste m) 7.9Moz ’s Pr 8,500m RC drilling in pro g re ss e ake r − Mt Gill Pro je c t (multi-km a no ma lie s) − K urra jo ng So uth (12km a no ma ly) Br − Duke to n No rth/ De L a Po e r 6

Why a Ne w Se ar c h Spac e ?  Ne w data (Ge ologic al Sur alia 2005 - 2009 ) ve y of We ste r n Austr - a e ro ma g , g ra vity, se ismic surve ys, ma pping , g e o c hro no lo g y - ne w Yamarna T e rrane (sa me a g e a s K a lg o o rlie T e rra ne , Oc t 2010) - da ting o f 3 g o ld e ve nts fo r the first time  10 Ye ar s of Inte nsive Re se ar c h (2001- 2010) - struc tura l a nd me ta mo rphic histo ry re writte n - ne w unde rsta nding o f g o ld g e ne sis a nd c o ntro ls o n mine ra lisa tio n  Ne w tools for e xplor ing tr anspor te d c ove r - re lia b le , lo w de te c tio n, multi-e le me nt a na lytic a l te c hniq ue s spe c tive  Se ve r al signific ant gold disc ove r ie s dur ing this time - Mo o la rt We ll ( 2002 ) - T ro pic a na ( 2005 ) - Ce ntra l Bo re a nd Ga rde n We ll ( 2009 ) Pe r 7

“E ar ly Mover ” Advantage in a New Sear ch Space? … prior opportunity to find the 10% of g old de posits c onta ining two- thirds of the provinc e - sc a le g old spe c tive Pe r 8

De xte r Gold Pr oje c t oje c ts ’s Pr e ake r Up to 0.3g/ t gold and 17.4g/ t silve r in sandy de se r t soil  So urc e o f the g o ld b e lo w c o ve r – sa nd (1m-3m), Pe rmia n se dime nt (25m-75m)) Br 9

De xte r Gold Pr oje c t De xte r Pr oje c t Inte r pr e te d Ge ology  140km SE o f L a ve rto n 80km NW o f T ro pic a na  A ve ry larg e pro je c t 1,102km 2  E sse ntia lly une xplo re d  Outsta nding struc tura l 72km se t-up Sydne y to Wollong ong  Initia l ste p: 1,600m x 400m - Pha se I a ug e r soils oje c ts ’s Pr e ake r Br 10

De xte r - Phase I Soil Re sults  1,600m x 400m patte r n soils  Unusua lly la rg e a nd c ohe sive g o ld-in-so il re spo nse (de spite c o ve r)  32km-lo ng (up to 59ppb g o ld)  Ano ma lo us g o ld pa thfinde rs (me rc ury-te llurium-silve r) Pha se II  Stro ng spa tia l a sso c ia tio n with Aug e r oje c ts sta c ke d fa ult jo g s b e twe e n Ya ma rna a nd De xte r She a rs ’s Pr e ake r 10km Br De xte r Pr oje c t Gold- in- Soil Contour s ove r Ae r omagne tic Image 11