Navarr rre Min inera rals Lim imit ited IP IPO Jan anuar ary 2011 2011 Advan anced bas ase an and pre recio ious metals als tar argets in in Vic ictoria ia Geoff Mc McDermo mott, Ma Managing Director
Dis isclai laimer This presentation is not an offer or invitation to apply for shares in Navarre Minerals Limited (ABN 66 125 140 105) (“Navarre”). Full details of the offer of shares in Navarre are set out in the Share Offer Document. The Share Offer Document should be read carefully and in its entirety before making any decision as to whether or not to participate in the share offering. It also contains the risks associated with investing in Navarre. Applications for shares may only be made by completing the application form in or accompanying the offer document. The information contained in this presentation has been provided by Navarre and other sources identified herein. No representation or warranty, express or implied, is made by the Lead Manager or any adviser or any of their respective affiliates or representatives as to the accuracy or completeness of such information. Nothing contained in this presentation is or shall be relied upon as, a promise or representation by any of Navarre, the Lead Manager or any such advisers, their respective affiliates or representatives. The information contained in this presentation is for informational purposes only and is not a recommendation as to whether to invest in Navarre shares. The information contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. The presentation has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person. Unless otherwise specified, data and tables set out in this presentation are based on Navarre management estimates. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of Navarre or its directors, or any of their employees or agents, nor any other person accepts any liability, including, without limitation, any liability arising out of fault of negligence, for any loss arising from the use of the information contained in this presentation. In particular, no representation or warranty, express or implied is given as to the accuracy, completeness or correctness, likelihood of achievement or reasonableness or any forecasts, projections, prospects or returns contained in this presentation nor is any obligation assumed to update such information. Such forecasts, prospects or returns are by their nature subject to significant uncertainties and contingencies. Past performance is no guarantee of future performance. This presentation is provided to you on the basis that you are, and you represent and warrant that: •if you are in Australia, you are a ‘professional investor’ or ‘sophisticated investor’ (as those terms are defined in sectio ns 708(8) and 708(11), respectively, of the Corporations Act); and •if you are outside Australia, you a person to whom an offer and issue of securities may be made without registration, lodgem ent or approval of a formal disclosure document or other filing in accordance with the laws of that foreign jurisdiction. This presentation includes “forward-looking statements” within the meaning of securities laws of applicable jurisdictions. Forward-looking statements can generally be identified by the use of forward-looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “believe”, “continue”, “objectives”, “outlook”, “guidance” or other similar words, and include statements regarding certain plans, strategies and objectives of management and expected financial performance. These forward-looking statements involve known and unknown risks, uncertainties and other factors, many of which are outside the control of Navarre and any of its officers, employees, agents or associates. Actual results, performance or achievements may vary materially from any projections and forward-looking statements and the assumptions on which those statements are based. Readers are cautioned not to place undue reliance on forward-looking statements and Navarre assumes no obligation to update such information. The contents of this presentation are strictly confidential and must not be photocopied, reproduced, disclosed or distributed to any other person without the prior written consent of Navarre. This presentation is for the exclusive use of the persons to whom it is provided. Upon request a recipient must promptly return all material received from Navarre or the Lead Manager (including this presentation) without retaining any copies. The information in this presentation that relates to Exploration Results, Mineral Resources and Exploration Potential is based on information compiled by Mr Geoff McDermott. Mr McDermott is an employee of Navarre Minerals Ltd, is a member of the Australian Institute of Geoscientists and is a Competent Person under the definition of the 2004 JORC Code. The Exploration Potential described in this Presentation is conceptual in nature, and there is insufficient information to establish whether further exploration will result in the determination of a Mineral Resource. Mr McDermott consents to the publication of this information in the form and content in which it appears.
Overv rvie iew • Adv Advanced ed ex expl ploration p projec jects i in Vi Victoria • Fres esh base e met etal a and gold pr projec jects • Def efined dr drill t target ets • La Large t ten enem emen ent p position • Exper erienced ed bo board a d and m d managem ement • $5 $5M I M IPO O • Mi Mid-February 2 201 011 1 ASX listing
Focused d explor orati tion on portfol olio Ex Exte tensions of of exis isting “min ineral c corrid idors” • Volca canogenic c ma massive s sulphide ( (VMS MS) t target a at Black k Ranges • Discovered by Rio Tinto • Drill ready targets • Orogen enic g gold a d and d deep deep lea ead g d gold d target ets at Ben endigo N North • Discovered 2006 by Leviathan • Drill ready targets • Historic g His gold old m min inin ing a area a at t Kin ingston a and B Balla llarat S Sou outh •
Experie ienced board ard an and man anag agement Kevin n Wilson n Chairm rman Rey Rey Res Resource ces, Lev eviathan Res Resources, Merrill ll Lynch ch, Anglo America can Geo eoff McD cDer ermott Managin ing Direct ctor Levia iathan Resources ces, MPI Mines es, WMC, Ri Rio Tin Tinto John hn Dorw rward rd Non on-ex execu ecutiv ive e Director Fronteer eer Gold, , Mineral De Deposits, , Levia iathan Resources ces, MPI Mines es, Bank Wes est Co Colin in Naylo lor Non on-ex execu ecutiv ive e Director MEO EO, Lev eviathan Res Resources, MPI Mines es, Woodside, e, Newcr cres est Tre revor Shard rd Compan any y Secretar ary Cobar Consol olida dated d Resou ources, Levia iathan Resources ces, MPI Mines es, Pasmin inco
Cap apit ital al Stru ructure 1 IPO O to r raise up t to $5 $5m @ m @ $0 $0.20, 0, with mi minimu mum subscr cription t to raise $3 $3.5m Shares o s on issu ssue 50 50.20m 0m Market cap (a (at is issue pric ice) $1 $10.40 40m Unlis listed O Options 2. 2.15 15m Major S Shareh eholde ders Directors & seed investors 40% Northgate Minerals Corp 10% Offered under IPO 50% 1. Assumes full l subscrip riptio ion
Pro roje jects Four pro roje ject are reas, thre ree corridor dors: Grampi pians -Stavely Co Corrid rridor – Blac ack R Rang anges P Project • VMS Cu – Zn – Au • Porphyry Cu –Au Ballar arat at – Bendigo Co Corrid rridor – Bendigo North rth P Pro roject • Deep lead & Orogenic Au – Bal allarat at S Sout uth P h Project • Orogenic Au Lands dsbor borou ough Fault Corrido dor – Kingsto ton P Project ct • Orogenic Au Approx 1,6 ,600 sq sq km of tenem emen ents
Blac lack R Ran anges Sim imilar age volc lcanic ics and geolo logy to Tasmania’s Mt Read Volcanics • Host to Mt Lyell, Rosebery, Henty & Hellyer Deposits Under er-ex explo lored ed due to shallo low cover Eclips pse VMS Discov overy • Cu – Zn, Au hydrothermal system which matches typical footwall alteration below Tasmanian VMS deposits. • Significant mineralisation intersected in previous drilling • “Holy Host” horizon identified • Massive sulfide target defined VMS de depos posits usually oc occur in clusters
Eclip lipse Pro rospect drill rill re result lts
Eclip lipse Pro rospect drill rill re result lts cont’d
Blac lack R Ran anges, Eclip lipse P Prospect Magnetic image, EM targ rget, drill rill hole les & in interpreted geology
Blac lack R Ran anges, Eclip lipse P Prospect Geolo logical l cro ross-sect ectio ional l interpret etatio ion of Eclipse e with Hellyer er deposit drawn to same e scale. e.
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