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For personal use only For personal use only Disclaimer This presentation has been prepared by Inca Minerals Limited (ICG). The information contained in this presentation is a professional opinion only and is given in good faith. Certain


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Disclaimer This presentation has been prepared by Inca Minerals Limited (ICG). The information contained in this presentation is a professional opinion

  • nly and is given in good faith. Certain information in this document has been derived from third parties and though ICG has no reason to

believe that it is not accurate, reliable or complete, it has not been independently audited or verified by ICG. Any forward-looking statements included in this document involve subjective judgment and analysis and are subject to uncertainties, risks and contingencies, many of which are

  • utside the control of, and may be unknown to, ICG. In particular, they speak only as of the date of this document, they assume the success of

ICG’s strategies, and they are subject to significant regulatory, business, competitive and economic uncertainties and risks. Actual future events may vary materially from the forward-looking statements and the assumptions on which the forward-looking statements are based. Recipients

  • f this document (Recipients) are cautioned to not place undue reliance on such forward-looking statements. ICG makes no representation or

warranty as to the accuracy, reliability or completeness of information in this document and does not take responsibility for updating any information or correcting any error or omission which may become apparent after this document has been issued. To the extent permitted by law, ICG and its officers, employees, related bodies corporate and agents (Agents) disclaim all liability, direct, indirect or consequential (and

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law, ICG and its officers, employees, related bodies corporate and agents (Agents) disclaim all liability, direct, indirect or consequential (and whether or not arising out of the negligence, default or lack of care of ICG and/or any of its Agents) for any loss or damage suffered by a Recipient or other persons arising out of, or in connection with, any use or reliance on this presentation or information. This presentation is not an offer, invitation, solicitation or recommendation with respect to the subscription for, purchase or sale of any security, and neither this presentation nor anything in it shall form the basis for any contract or commitment whatsoever. All amounts in Australian dollars unless stated otherwise. Competent Person’s Statement The assessment of information provided by third parties, subsequently presented in this presentation relating to Project Potential, past Exploration Results, Mineral Resources and/or Ore Reserves are the views of Mr R Brown, who is a Director the Company and a Member of the Australasian Institute of Mining and Metallurgy. Mr R Brown is a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr R Brown consents to the inclusion in the presentation of his views

  • f information provided by third parties, in the form and context in which it appears.

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Inca Minerals

Dual potential at Chanape

  • Confirmed mineralised porphyry discovery in maiden drill hole
  • Near surface gold (>3g/t Aueq) resource potential confirmed

Company significantly de-risked with upside potential confirmed

  • Market Cap of ~$12 Million
  • Unsolicited approaches by global producers

Near term catalysts for re-rate

  • Chanape under-explored with large areas yet to be mapped
  • Near-term drilling to focus on the delineation of a potential

economic porphyry deposit and proving up a near-surface gold resource Page 3

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SLIDE 4

Chanape – Progress

First 12 months

  • Management recognised Chanape as a porphyry project
  • Inca one of the first companies in Peru to obtain Exploration

Permit under new regulatory system (introduced mid 2012)

  • Inca’s maiden drilling program confirms dual development

potential of Chanape

Current Current

  • Review of drill results and on-site project inspection with

internationally renowned porphyry experts (March/April 2013)

  • Building on local exploration capacity
  • Preparation for next drilling campaign

Next

  • Drilling campaign during 2013 with dual purpose of following

up on porphyry discovery developing near-surface gold resource potential

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SLIDE 5

Project Location

Detail Slide 8

Chanape Project: Epithermal Au-Ag and Cu-Mo-Ag porphyry province Moquegua Project: Cu-Mo porphyry province Chanape Project: Epithermal Au-Ag and Cu-Mo-Ag porphyry province Moquegua Project: Cu-Mo porphyry province

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SLIDE 6

Chanape – 2 targets

Breccia-hosted epithermal gold, silver

Duel development resource targets

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epithermal gold, silver Mineralisation “Yanacocha-style” Porphyry and porphyry- related copper, molybdenum, silver mineralisation “Toromocho-style”

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Schematic NS Section (not strictly to scale)

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SLIDE 7

Epithermal Gold Mineralisation

  • Only 2 of 50 known breccia pipes drill tested
  • Recent hole CH-DDH001 drilled through Breccia

Pipe Eight 108m interval @ 2.0g/t gold + 41g/t silver from surface including:

  • 25m @ 2.2g/t Au + 95g/t Ag
  • 42m @ 3.3g/t Au + 34.9g/t Ag

Only 15 of 50 known breccia pipes sampled

Near-surface Gold Target

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  • Only 15 of 50 known breccia pipes sampled
  • Several have better gold grades than Breccia Pipe

Eight

  • Three new gold-bearing breccia pipes

discovered within 100m of Breccia Pipe Eight, results include:

  • 11.25g/t Au + 26.1g/t Ag
  • 2.99g/t Au + 4.4g/t Ag
  • Potential number of breccia bodies unknown

with extensive area under-explored

Largely un-explored

Breccia Pipe 8 and CH-DDH001

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SLIDE 8

Near-surface Gold in Breccia Pipe 8 Area

Existing gold target zone:

  • Numerous gold-bearing

breccia bodies in a 750m x 500m area

  • Only two drilled: Breccia

Pipe 8 (gold over 100m from surface) and Breccia

8

from surface) and Breccia Pipe Complex 10/11 (gold

  • ver 200m from surface)
  • Mapping likely to reveal

additional breccia bodies in target area

  • Other gold targets

associated with breccia clusters in the project area within the sulphide zone Page 8

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SLIDE 9

Cu Porphyry Target

Cu porphyry & related mineralisation

  • Cu, Mo, Ag mineralised

porphyry discovered in maiden drill hole:

  • 380m to 600m (EOH) @

0.13% copper + 120ppm molybdenum including:

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molybdenum including:

10m @ 0.78% Cu + 20g/t Ag 33m @ 0.2% Cu + 296ppm Mo + 4.56 g/t Ag + 0.12g/t Au

  • Porphyry occurs within large

“sulphide envelope”, defined by SP anomaly 2.5km x 1km in size

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SLIDE 10

Delineating the Cu Porphyry

“Sulphide envelope” defines area of porphyry search

  • Porphyry ore-zone at

Chanape would be located inside sulphide envelope

  • Sulphide envelope almost

entirely situated within Inca’s concession area

SP anomaly Outline of Chanape

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Inca’s concession area

  • Characteristics of

alteration and levels of Cu and Mo mineralisation in maiden hole indicates proximity to potential ore- body

SP anomaly with multiple centres

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SLIDE 11

Comparison to Toromocho

Toromocho (1.6Bt @ 0.5% Cu, 0.018% Mo, 7.16g/t Ag)

  • Multiple styles of

mineralisation (principally porphyry-hosted, breccia- hosted and skarn type) associated with multiple porphyry intrusions over 3kms

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porphyry intrusions over 3kms

  • Chinalco Mining Corporation

International lists on Hong Kong raising $430M on back of Toromocho (Current market- cap of A$2.1Bn)

Chanape

  • Similar-sized sulphide zone

with multiple intrusive porphyries

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Schematic SSW-NNE Section (not strictly to scale)

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SLIDE 12

Inca - Strategy

Assets

  • Develop world-class copper porphyry asset
  • Delineate near-surface gold resource

Corporate

  • Unsolicited approaches by global producers regarding Chanape
  • Inca will seek to add value to assets and then consider options

Market capitalisation of ~$12 Million significant upside potential

CH-DDH001 maiden hole

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  • Market capitalisation of ~$12 Million significant upside potential

Inca’s value proposition

  • Identify early stage, large potential assets in South America
  • Core competency is to revalue assets through exploration

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SLIDE 13

Peru - other projects: Moquegua Cu Porphyry Project

  • Located in Southern Peru

Cu Porphyry Belt

  • Surrounded by world-

class Cu porphyry mines

Inca – Other Peru Assets

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class Cu porphyry mines

  • Adjacent to Metminco’s

Los Calatos 656Mt Cu porphyry deposit

  • Inca’s work program to

include: geophysics, alteration mapping, surface sampling

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SLIDE 14

Inca – WA Assets

Australia - other projects: WA Nickel

Inca Minerals (purple)

Rox Resources (red)

  • Inca is reviewing corporate
  • ptions for its Dingo Range

Project near Rox Resources’ recent Ni discovery

  • Inca’s Dingo Range tenements

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  • Inca’s Dingo Range tenements

adjacent to Rox Resources

  • Dingo Range Project remains

un-tested for Ni despite known ultramafics

Ultramafic occurrences

Page 14

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SLIDE 15

Corporate Overview

Board of directors

  • Dr Justin Walawski

FCPA; Former head of AMEC and North West Iron Ore Alliance In depth knowledge of junior mining sector

  • Mr Ross Brown

29 years of exploration geologist on four continents Assessed hundreds of projects in South America

  • Mr Gareth Lloyd

Mining engineer with gold, base metals and coal experience 25 years funds management (Rothschild private equity), mining analyst As at 13 March 2013

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25 years funds management (Rothschild private equity), mining analyst and advisory experience

Capital

  • Issued Shares:

304,773,333

  • Share Price:

$0.04

  • Market Cap:

$12.0 million

Shareholders

  • Directors:

10.1%

  • Top 20

43.0% Page 15

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SLIDE 16

Inca – Why Invest

  • Dual Potential at Chanape – Cu porphyry and near-surface gold
  • De-risked Exploration with World Class Upside Potential
  • Attractive Portfolio of Assets in Peru and Australia
  • Management Proving Exploration Model

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Inca – Value through Discovery

  • Management Proving Exploration Model
  • Generating Interest from Global Producers

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