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

A NEW SEARCH SPACE IN AUSTRALIA’S PREMIER GOLD PROVINCE Tom Sanders, RIU Explorers Conference ASX Code: BRB 13 ‐ 14 February 2013, Perth www.breakerresources.com.au

Ca utiona ry Sta te me nt DISCL AIME R T his pre se nta tio n ha s b e e n pre pa re d b y Bre a ke r Re so urc e s NL (“Co mpa ny”) in c o nne c tio n with pro viding g e ne ra l a nd b a c kg ro und info rma tio n o n the Co mpa ny. 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 a ny ma tte r tha t a n a dviso r o r po te ntia l inve sto r sho uld c o nsid e r in e va lua ting the Co mpa ny. T he Co mpa ny a nd its re la te d b o die s c o rpo ra te o r a ny o f its d ire c to rs, a g e nts, o ffic e rs o r e mplo ye e s do no t ma ke a ny re pre se nta tio ns o r wa rra nty, e xpre ss o r implie d, a s to o r e ndo rse me nt o f the Co mpa ny, the a c c ura c y o r c o mple te ne ss o f a ny 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, a nd the y d o no t a c c e pt a ny lia b ility wha tso e ve r (inc luding in ne g lig e nc e ) fo r a ny info rma tio 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 a nd unkno wn risks, d e la ys a nd unc e rta intie s no t unde r the Co mpa ny’ s c o ntro l whic h ma y c a use a c tua l re sults, pe rfo rma nc e o r a c hie ve me nts o f the Co mpa ny to b e ma te ria lly diffe re nt fro m the re sults, pe rfo rma nc 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 mpa ny ma ke s no re pre se nta tio n o r wa rra nty, e xpre ss o r implie d, a s to o r e ndo rse me nt o f the a c c ura c y o r c o mple te ne ss o f a ny 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 mpa ny. Any disc ussio n in re la tio n to E xplo ra tio n T a rg e ts, implie d o r sta te d, is o nly c o nc e ptua l in na ture . I nve sto rs a re a dvise d tha t b y the ir na ture a s visua l a ids, pre se nta tio ns pro vide info rma tio 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 mpa ny no r sho uld this pre se nta tio n b e re lie d upo n b y a ny a dviso r o r po te ntia l inve sto r in ma king a n inve stme nt de c isio n in the Co mpa ny. Disc la ime r 2

Our Busine ss  E sta b lishe d to c a pita lise o n tra nsfo rma tio na l de ve lo pme nts in the E a ste rn Go ldfie lds Supe rte rra ne (E GST ), whic h a c c o unts fo r 75% o f Austra lia ’ s g o ld  T he e a ste rn ha lf o f the E GST is la rg e ly une xplo re d – a c tive disc o ve ry a re a a nd a ne w se a rc h spa c e Duke ton Attila  K e y struc ture s pe g g e d No v 2010, o ne mo nth 10Moz 1Moz a fte r the Ya ma rna T e rra ne wa s “c re a te d”  Bre a ke r is no w the la rg e st te ne me nt ho lde r in T ropic a na (e ig ht 100%-o wne d pro je c ts; 5,500km 2 ) E GST 7.9Moz  We a re no w drilling wha t a ppe a rs to b e a la rg e ne w g o ld syste m a fte r listing in April 2012 Introduc tion  Busine ss str a te g y Multi-e le me nt so il g e o c he mistry to find la rg e Known Gold De posits g o ld de po sit sig na ture s in une xplo re d pa rts o f a hig h-e ndo wme nt g o ld pro vinc e E a ste rn Goldfie lds Supe rte rra ne (E GST ) 3

Corpora te Ove rvie w Ca pita l Struc ture  F  Ma rke t c a p ($0.34): $18.7 million ully pa id sha re s: 55.1 millio n  Ca sh: $4.4 million (31 De c e mbe r 2012)  L iste d o ptio ns: 21.2 millio n E nte rprise va lue : $14.3 million  Unliste d o ptio ns: 8.2 millio n  T o p 20 inve sto rs: 88.5% Sig nific a nt sha re holde rs domina te d by la rg e funds ASX Code : BRB Introduc tion 4

Boa rd & Se nior Ma na g e me nt L ong te rm mining industry profe ssiona ls with a foc us on sha re holde r va lue Sa nde rs E xe c utive Cha irma n 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 ldfie lds re g io n; pre vio usly b uilt a 2Mo z g o ld inve nto ry Non- E xe c utive Dire c tor Mike Kitne y • Pro c e ss e ng ine e r with 38 ye a rs e xpe rie nc e in the mining industry • Curre nt Chie f Ope ra ting Offic e r a t K a sb a h Re so urc e s dwa rds Non- E xe c utive Dire c tor Ma rk • 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 xplora tion Ma na g e r Introduc 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 Ma na g e r Corpora te Affa irs/ Company Se c re ta ry • 18 ye a rs a dministra tio n e xpe rie nc e (c o rpo ra te , mining a nd e xplo ra tio n) 5

Proje c t Ove rvie w  Pro je c ts situa te d o n ma jo r c rusta l fa ults (ne xt to jo g s, do me s) whe re g o ld is kno wn to b e mo re a b unda nt  Pro je c ts inc lude 190km o f Ya ma rna She a r a nd se ve ra l undrille d g re e nsto ne Duke ton 10Moz b e lts Attila  Pro je c ts a re e sse ntia lly une xplo re d 1Moz whic h is unusua l fo r E GST (~5% histo ric a l so il g e o c he m c o ve ra g e ) Active e xplor ation since Apr il 2012 listing Bre a ke r’s Proje c ts with positive r e sults T ropic a na  7.9Moz Ya ma rna She a r (ma in fo c us)  De xte r Pro je c t (32km g o ld tre nd) 20,000m a irc o re drilling in pro g re ss  Mt Gill Pro je c t (multi-km a no ma lie s)  Duke to n No rth (17 so il a no ma lie s) E a ste rn Goldfie lds Supe rte rra ne (E GST ) 6

Why a Ne w Se a rc h Spa c e ? … 10 Ye a rs of Inte nsive Re se a rc h/ Disc ove ry/ Ne w Da ta / T e c hnolog y Struc tura l a nd me ta morphic history re writte n Pe rspe c tive Ke y Ge olog ic a l De ve lopme nts in E GST tha t Affe c t F inding Gold  Ne w g e o c hro no lo g y (ne w Ya ma rna T e rra ne ; da ting o f thre e ma in g o ld e ve nts)  A ne w unde rsta nding o f impo rta nc e o f ma ntle c o nne c tio n/ do me s/ la rg e fa ults  Ne w g e o physic a l da ta , GSWA ma pping a nd to o ls fo r e xplo ring tra nspo rte d c o ve r 7

T he “E ar ly Mover ” Advantage Pe rspe c tive … the opportunity to find a fe w la rg e de posits tha t c onta in most of the provinc e - sc a le g old 8

E xplora tion Me thodolog y  L ow c ost, mode rn, multi- e le me nt soil g e oc he m to sc r e e n la r g e a r e a s for big de posit sig na tur e s  Pha se 1 a ug e r drilling (1,600m x 400m)  Pha se I I a ug e r infill drilling o n de fine d a no ma lie s (400m x 100m)  80m-spa c e d a irc o re drilling to sc o pe the syste m ta rg e ting wa llro c k a lte ra tio n/ supe rg e ne ha lo e s  RC/ dia mo nd drilling o f de fine d ta rg e ts Why is this a re a la rg e ly une xplore d?  E a sie r pic king s in the we ste rn pa rt o f the Bre a ke r’s Proje c ts E GST (little sa nd c o ve r)  K e y b a se line da ta wa s una va ila b le  L o w de te c tio n multi-e le me nt so il a na lyse s we re no t a va ila b le 15 ye a rs a g o  Na tive title issue s (BRB a g re e me nt with Co smo / Yilka ) Multi- e le me nt a ug e r soil sa mpling 9

De xte r Proje c t  L oc a tion 140km SE o f L a ve rto n 80km NW o f T ro pic a na (7.9Mo z) 75km so uth o f 1,102km 2 Attila (1Mo z) 72km  A ve ry large pro je c t Pe r th to Mandur ah!  E sse ntia lly une xplo re d  Outsta nding struc tura l se t- up Bre a ke r’s Proje c ts  Co ve r 25m to 70m - de e pe r to so uth  I nitia l ste p: 1,600m x 400m - Pha se 1 a ug e r so ils De xte r Proje c t Inte rpre te d Ge olog y 10

Re g olith Compa rison De xte r - T ropic a na De xte r L a ndsc a pe :  Gre a t Vic to ria De se rt  Up to 298ppb g o ld-in-so il  Re g o lith  1-3m sa nd  25m-70m so ft Pe rmia n se dime nt  Arc he a n b e dro c k (g e ne ra lly ha rd) ) T r opic a na L a ndsc a pe : (Anglo Go ld-Ashanti L td/ I nde pe nde nc e Go ld L td Pro je c t) Bre a ke r’s Proje c ts  Gre a t Vic to ria De se rt  Up to 31ppb g o ld-in-so il Re g o lith   1-3m sa nd  15m-20m so ft Pe rmia n se dime nt  30m so ft we a the re d Arc he a n (g o ld-de ple te d) 11

De xte r - Pha se I  1,600m x 400m pa tte rn so ils  Unusua lly la rg e a nd c o he 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)  Stro ng spa tia l a sso c ia tio n with Pha se II sta c ke d fa ult jo g s b e twe e n Aug e r Ya ma rna a nd De xte r She a rs Bre a ke r’s Proje c ts g o o d po te ntia l fo r a la rg e ne w g o ld syste m 10km De xte r Proje c t Gold- in- Soil Contours ove r Ae roma gne tic Ima g e 12