AGM 2011 24 November 2011 Perth, WA Forward Looking Statements - - PowerPoint PPT Presentation

AGM 2011

24 November 2011 Perth, WA

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Forward Looking Statements

This presentation contains certain forward-looking statements and forecasts which include without limitation, expectations regarding future performance, costs, production levels or rates, reserves and resources, the financial position of Troy Resources NL (the “Company”), industry growth or other trend projections. Although such forecasts and forward-looking statements reflect current beliefs and are based on information currently available and assumptions believed to be reasonable there is no assurance that actual results will be consistent with such forecasts and forward-looking

• statements. A number of factors could cause actual results, performance, or achievement to

differ materially from the results expressed or implied in such forecasts and forward-looking

• statements. For a description of such factors please see the section entitled “Risk Factors”

in the Company’s amended and restated preliminary prospectus dated 10 January 2008 available under the Company’s profile at www.sedar.com. Nothing in this presentation should be construed as either an offer to sell or a solicitation of an offer to buy or sell securities.

FY2011 – Building a Mid Tier Gold Producer

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 Construction and ramp up of Casposo  Andorinhas record production  17% increase in gold production to 71,614 oz  25% reduction in cash costs to US$554/oz net of silver credits  Net Profit of A$14.6m  Paid 11th fully franked interim cash dividend of 4 cents per share

• n the 29th June 2011

 Today announced the final fully franked cash dividend of 6 cents

per share to be paid in January 2012

 Doubled Casposo exploration budget to $15m  Discovery of new high-grade zone at Casposo delivering 19%

increase in M+I contained gold equivalent

 40% share price appreciation to $3.49 (to June 30, 2011)

Corporate Snapshot

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Ordinary Shares: 88.15M Options: 4.6M Share Price as at Nov 23, 2011: $4.07 52 Week Range (close): $3.47 - $4.75 Market Cap as at Nov 4, 2011: ~A$360M Net Debt as of Sept 30, 2011 ~A$0.3m

Key Statistics (A$) Troy Share Price Shareholders

 5,600 Institutions ~35%

Domicile

• Australia 70%
• UK/Europe 20%
• North America 10%

Andorinhas Gold Mine – Brazil

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Andorinhas Gold Mine – Brazil

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 FY2010 – 31,568oz at US$634/oz  Changed the mining method  Improved productivity  Improved safety performance  Over 2 years LTI Free  FY2011 – 49,099oz at US$519/oz  Sept Qtr FY12 – 12,921oz at US$504/oz  October 2012 – 4,340oz at US$528/oz

Andorinhas Going Forward

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 Moving into higher grade

areas

 Current Reserves support

the operation through FY15 with potential at depth and regionally to extend the mine life

 Monetising iron ore royalty

~ forecast US$3m pa from calendar 2012

10,000 20,000 30,000 40,000 50,000 60,000 FY12 FY13 FY14 FY15 FY16 FY17 Au 0z

Andorinhas Production Profile

Scheduled Reserve Ounces

Potential for additional

• unces from Melechete

Extension, Arame, M1 Vein, Lagoa Seca West, Coruja, Luiza

Exploration Potential

8 Melechete Arame M2

Mel-1000 Mel-0980 Mel-0960

Potential to add resources at depth Exploratory sill in Arame Resource

Arame – Currently in Resources Only

Arame 1040 Sill Drive Main Ramp Melechete 1040 Melechete 1020

ARAME – 1040W ARAME – 1040E CS = 0.9M at 23g/t CS = 1.2M at 2.34g/t

• 66m silled in Arame on the 1040 m level.
• Channel Samples – 1.08m at 11g/t
• Average development (diluted) grade to date is 4.81g/t
• On the Eastern side RML has developed 16m beyond the

geological model.

Arame

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2cm

Casposo Project – San Juan Province

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San Juan Province Mineral Endowment Mines and Casposo Project Access

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Mine is 30km from Calingasta at 2,400m AMSL

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Delays in Ramp Up to Full Production

14 Tails Filtering January 2011 Tails Filtering March 2011

Casposo – the Crown Jewels

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 Reached budget throughput midway through September

 6,606 oz Au @ unit cash cost of US$377/oz Au net of silver credits

 October production 7,210 oz Au at a unit cash cost of US$103/oz Au net

• f silver credits

 The site will move from diesel generated power to grid power in December further lowering costs  Significant exploration results at Casposo with potential dependent on mine planning, to:

• Extend mine life (additional ounces)
• Avoid drop in production in years 3 and 4 (access to higher grade)
• Lower unit costs (access to higher grade)

Blue Sky

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Casposo 2010 Mining Reserves

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Highest value intercept on the property to date HOLE: CA08250 7.2m @ 108.7g/t Au 4,423g/t Ag Contained metal value over US$10,000 per tonne at US$1500/oz Au and US$35/oz Ag.

New Resource Area Focused on First 500m of 1.5km Structure

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New Resource Area Focused on First 500m of 1.5km Structure

20 Table 1a: Kamila Southeast Resource Estimate (Using 2g/t Au_eq Cut-off) Resource Classification Tonnes Gold (g/t Au) Silver (g/t Ag) Gold Equivalent Au_eq (g/t) Contained Metal (Au_eq oz) Measured 96,000 6.68 770 17.68 54,600 Indicated 161,000 4.43 572 12.61 65,300 Total Measured & Indicated 257,000 5.27 646 14.50 119,900 Inferred 226,000 3.00 281 7.01 51,000 Table 1b: Kamila Southeast Resource Estimate – High Grade Zone (Above 5g/t Au_eq Cut-off) Resource Classification Tonnes Gold (g/t Au) Silver (g/t Ag) Au_eq (ppm) Contained Metal (Au_eq oz) Measured 87,500 7.24 832 19.13 53,500 Indicated 109,000 6.05 767 17.00 59,600 Total Measured & Indicated 196,000 6.58 796 17.95 113,100 Inferred 108,000 4.72 417 10.68 37,100

Note: Discrepancies may occur due to rounding Note: Discrepancies may occur due to rounding

Kamila Comparable – Pajingo Mine

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Slide from September 2005 Intrepid Presentation

New Ore Grade Intercepts

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Environmental and Community

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Hardwood Replanting at Lagoa Seca

24 Troy tenement to be replanted with indigenous trees

Environmental and Community Mine Reclaim and Employee Family’s

25 Waste plastic, R$6,000 Rio Maria playground

Looking Forward

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 Casposo reaching its full potential – it will be one of the lowest cost gold mines reporting on the ASX  Release updated mine plan for Casposo in March quarter incorporating the high grade Kamila SE Extension discovery  Ongoing exploration at Casposo and Andorinhas  Opening of Troy office in Toronto raising the profile on the TSX  Continue to look for the next M+A opportunity

Thank You

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