Investment Presentation Nickel and Copper Copper and Gold August - PowerPoint PPT Presentation

Investment Presentation Nickel and Copper Copper and Gold August 2012 Contact: Todd Hibberd Telephone :+618 9321 2233 Email: info@wcminerals.com.au www.wcminerals.com.au

Disclaimer The material in this presentation (“material”) is not and does not constitute an offer, invitation or recommendation to subscribe for, or purchase, any security in White Cliff Minerals Limited (“WCN”) nor does it form the basis of any contract or commitment. WCN makes no representation or warranty, express or implied, as to the accuracy, reliability or completeness of this material. WCN, its directors, employees, agents and consultants, shall have no liability, including liability to any person by reason of negligence or negligent misstatement, for any statements, opinions, information or matters, express or implied, arising out of, contained in or derived from, or for any omissions from this material except liability under statute that cannot be excluded. Statements contained in this material, particularly those regarding possible or assumed future performance, costs, dividends, production levels or rates, prices, resources, reserves or potential growth of WCN or, industry growth or other trend projections are, or may be, forward looking statements. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. Actual results and developments may differ materially from those expressed or implied by these forward looking statements depending on a variety of factors. The Information in this presentation that relates to exploration results, mineral resources or ore reserves is based on information compiled by Mr Todd Hibberd, who is a member of the Australian Institute of Mining and Metallurgy. Mr Hibberd is a full time employee of the company. Mr Hibberd has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the `Australian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves (the JORC Code)`. Mr Hibberd consents to the inclusion of this information in the form and context in which it appears in this presentation. 2

Summary and Highlights • Nickel & Copper -Western Australia – Sirius Nova nickel-copper discovery re-ignites focus on Lake Johnston nickel and copper project – 20 nickel sulphide drill targets – Drilling to commence Q4 2012 – $230,000 drill funding from WA government • Copper-Gold focus Central Asia – Extensive copper mineralisation discovered – Drilling to commence September 2012 3

Corporate Snapshot Board - Management Major Shareholders Capital Structure Thorney Fund 3% Shares 67.2M Todd Hibberd managing director Options Directors and 5.8M 30% Strike@25c Founders Michael Langoulant expire 06/2014 executive chairman Cash $0.6M Rodd Boland (30 June 2012) Top Twenty 43% non-exec director Share Price $0.03 Top 100 76% Market Cap $2.0M 4

Core Business • Australia – Lake Johnston Nickel & Copper Project • Kyrgyz Republic – Chanach Copper-Gold Porphyry 5

Lake Johnston Nickel-Copper Project (100%) • 250km from Kalgoorlie • Covers 650 km 2 • Two nickel sulphide mines in belt: • Emily Anne • Maggie Hays • 14Mt @ 1.82% Nickel • 250km to Port Esperance • 100km to Rail • Existing Infrastructure 6

Multiple Prospects- Multiple Nickel Targets • Key prospects – Lake Percy – Mt Gordon – Bremer Range – Mt Glasse • Multiple Nickel Targets – 20 EM conductors • Discovery Potential 7

Lake Percy Nickel and Copper Targets • Nine new nickel sulphide EM targets • Four copper targets • EM targets similar to Nova discovery and on/near basal contact of ultramafic • Nickel sulphides identified in old drilling include 3m @ 1.7% Ni • 1000m Diamond Drilling 8

Lake Percy Nickel vs. Norilsk Mines - Plan View Lake Percy - WCN Nickel Mines – Norilsk Same Stratigraphy Discovery Potential Same Geology 9

Lake Percy Nickel vs. Norilsk Mine - Section Lake Percy – WCN Nickel Mine - Norilsk 10

Mt Gordon Nickel Sulphide Targets • Four strong EM conductors identified on/near basal contact of ultramafic • Associated nickel-copper soil anomalies • Same Geology as Norilsk Nickel mines • Similar EM conductors to Nova nickel-copper discovery 11

Mt Gordon 1- Cross Section • Four EM Conductors • Three diamond drill holes planned – 1000m • $140,000 EIS Government drill funding • Drilling commences Q4 2012 12

Bremer Range Nickel-Copper Targets • Four strong geophysical EM conductors identified on/near basal contact of ultramafic • Overlying Nickel laterite – Ultramafic at depth – BIF unit (cf. Norilsk) – Minimal Exploration • Planned Exploration: – geophysics to refine targets – diamond drilling 13

Mt Glasse Nickel Sulphide Targets • Three strong geophysical EM Conductors targets identified on/near basal contact of ultramafic • Overlying Nickel laterite – Ultramafic at depth – BIF unit (cf. Norilsk) – Minimal Exploration • Planned Exploration: – geophysics to refine targets – Diamond drilling 14

Lake Johnston - Summary • Multiple EM conductors similar to Nova conductors • Drilling first 6 EM conductors – Q4 2012 – 2000 metres • Two operating nickel mines in entire belt- More to be found! • Highly leveraged to exploration success 15

Chanach Copper- Gold Kyrgyz Republic – Central Asia • Major copper & gold metallogenic province – 2000km long – From China to Uzbekistan • Politically stable • Good road Infrastructure • Major regional mines include: – Kumptor (20 M Oz gold) – Makmal (5 M Oz gold) – Kalmakyr (9.5 Mt Cu;40 M Oz Au) 16

The Chanach Copper-Gold Porphyry (45%) • ELEPHANT COUNTRY • Significant Copper grades (and associated gold) • 80 metres at 0.5% copper including; 10 metres at 1% copper • 180 metres at 0.2% copper and 0.15 g/t gold including; • 34 metres at 0.40% copper and 0.26 g/t gold • Potential for 100’s of millions of tonnes • Mineralisation open in all directions • Copper and gold mineralisation identified 5km away 17

Regional Deposits Chanach Charaat Area 7.5 M Oz Gold 1 Mt Copper Chanach Terek Sai Area 7.5 M Oz Gold Kochbulak Area 10 M Oz Gold Kalymakyr Area Major Copper-Gold 90 M Oz Gold Metallogenic Belt 25 Mt Copper 18

Regional Porphyry & Epithermal Deposits Tonnes Copper Gold Copper Deposit Type Gold (Oz) % (ppm) (Mt) Kalmakyr Grp Porphyry 5.5 Gt 0.38 0.35 25 90 Million Kuru Tegarek Porphyry 173 Mt 0.59 0.56 1.0 3.1 Million Charaat Epithermal 33 Mt 4.1 5.6 Million Terek Sai Epithermal ~23 Mt ~3 2.2 Million Ishtamberdy Epithermal 15.9 Mt 4.9 2.5 Million Kochbulak Epithermal 11.3 Mt 12 4.3 Million 19

Chanach Tenement Outcropping Porphyry 2011 Drilling (next slide) Alteration Targets 20

Chanach Drilling Results • Extensive Copper Mineralisation • 18 of 20 drill holes mineralised • Drill hole depths ranged from 100m to 350m • Significant Copper grades (and associated gold) • 80 metres at 0.5% copper in supergene zone including; • 10 metres at 1% copper • 40 metres at 0.5% copper in supergene zone • 180 metres at 0.2% copper and 0.15 g/t gold including; • 34 metres at 0.40% copper and 0.26 g/t gold 21

Interpreted Mineralisation Mineralised Skarn Contact Planned Drilling Planned Drilling 2012 2012 250 500 0 Metres Mineralised Porphyry 22

Chanach 2012 Exploration Program • Objective 1: Double size of mineralised footprint – Extend main mineralised zone (500-1000m RC drilling) – Test Porphyry - limestone contact (Skarn) – Test gold zones • Objective 2: Identify core of Porphyry system – Extensive soil sampling program over alteration targets (1000 samples) – Ground or helicopter magnetic survey (possible) • More Copper - More Gold - More Tonnes 23

Exploration Schedule/News flow – to Dec 2012 Commodity Activity Timing Project MLTEM Q4-12 Nickel DD Drilling Q4-12 Lake Johnston MMI Q4-12 Drilling Q4-12 Copper-Gold Chanach Soil Sampling Q4-12 MMI = Mobile Metal ion soil geochemical sampling MLTEM = Moving Loop Electromagnetic survey 24

Summary • Highly leveraged to exploration success – Sirius Nova nickel-copper discovery reignites interest in exploration sector – High risk/ reward nickel and copper drilling at Lake Johnston • Chanach Copper-Gold Project – Drilling to expand copper-gold mineralisation zone – a sleeping giant - further work will realise scale – Drilling commencing in September 25

Contact Details Todd Hibberd – Managing Director Rodd Boland – Non Executive Director- Investor Relations White Cliff Minerals Limited White Cliff Minerals Limited Suite 2, Murchison House Suite 14, 13 Hickson Road 5 Ord Street, Sydney NSW 2000 West Perth WA 6005 Tel: 02 9251 5065 Tel:08 9321 2233 Fax: 02 9251 5067 Fax: 08 9324 2977 Mb: 0408 969 609 Em: info@wcminerals.com.au Em: rboland@wcminerals.com.au Web: www.wcminerals.com.au 26