Strike Re sourc e s L imite d Inve stor Pre se nta tion ASX CODE - PowerPoint PPT Presentation

Strike Re sourc e s L imite d Inve stor Pre se nta tion ASX CODE : SRK Ja nua ry 2013

Disclaimer This material contains certain forecasts and forward-looking information, including regarding possible or assumed future performance, costs, production levels or rates, prices, reserves and resources or potential growth of Strike Resources, industry growth or other trend projections. Such forecasts and information are not a guarantee of future performance and involve unknown risks and uncertainties, as well as other factors, many of which are beyond the control of Strike Resources. Actual results and developments may differ materially from those expressed or implied by these forward-looking statements depending on a variety of factors. Nothing in this material should be construed as either an offer to sell or a solicitation of an offer to buy or sell securities. 2

Experienced Board MALCOLM RICHMOND (Independent Chairman) Former senior Rio Tinto executive Led development of Yandicoogina iron ore business Professor of Business at University of WA until 2012 WILLIAM JOHNSON (Executive Director) Strike Director since 2006, served as Executive Director from 2006 to 2010 and 2013 - Strong commercial background and extensive international experience MATTHEW HAMMOND (Non-Executive Director) Group Managing Director of Mail.ru. Formerly Manager - Strategy for Metalloinvest-Gallagher SAMANTHA TOUGH (Independent, Non-Executive Director) Lawyer with extensive commercial background in resources and strong governance record 3

Performance of Strike Resources Relative to Peers Strike 1 year share price performance – rebased to SRK (A$/sh) outperformed 0.40 an index of Mindax selected Cazaly junior iron ore 0.32 Ferrowest explorers in Legacy 2012 Golden West 0.24 FairStar Venus Metals Jupiter Royal Resources 0.16 SAFM Sherwin Iron Iron Road 0.08 Ferrum Crescent Strike Index 0.00 Jan-12 Mar-12 May-12 Jul-12 Sep-12 Nov-12 Jan-13 Source: Bloomberg (21/11/12) Notes: Rebased to Strike’s share price as at 22/11/11 4

Apurimac Project Benchmarks Favourably • Highest grade magnetite resource* • Highest production potential* • Significantly lower cash cost* • Amongst the lowest capital intensity* * Applies where Strike’s Apurimac Project is benchmarked across a segment of industry peers as outlined in Appendix 1 to this presentation. 5

Strong Foundations Established 2012 Objectives Operational achievements  Board restructure completed - additional independent director appointed  “Lean and keen” technical and commercial BUSINESS team established in Lima  Successful “Shoot-out” process resulted in 100% ownership of AF for US$3.5M plus PARTNERS #5 Establish shares and modest deferred payments Community Relations  New Community Relations team established, (CR) credentials and open constructive positive relations established and access #3 Move to dialogue with Opaban negotiations underway majority and communities control position in  Berau settled: Strike to receive US$4.3M CORPORATE AF #6 Consolidate  Cuervo investment delivering excellent drilling Strike/AF position as #4 Manage exit results at Bob1 major iron ore group in #1 Strengthen from Berau with Apurimac and Cusco board and increase minimum  Rothschild appointed to assist with shoot-out regions independent overhang and positioning directors #7 Position for strategic investor entry #2 Establish strong into projects core team in Peru (AF) 6

Shoot-out Settlement – Strike now 100% AF owner • 2.8 m Strike shares issued to D&C • US $3.5M D&C loans repaid Low initial cost • Mutual release from legal claims • Immediate move to 100% • US$2 million on AF defining a 500 Mt resource at the Apurimac project, averaging >55% Fe or 275 Mt of contained iron at an average grade of >52.5% Fe Contingent • US$3 million on AF achieving environmental and community approvals for a mine with a design capacity of milestone 10Mtpa of iron ore product payments • US$5 million on AF Board approval of an iron ore processing plant with a capacity of at least 10 Mtpa of iron ore product (“Construction Milestone”) • 1.5% of net profits from iron ore • 2% of base and precious metal sales (on a net smelter return basis) • AF option to buy back the royalties for any one of the following payments: o US$13 million within 2 years after 20 December 2012 (“Execution”) Potential o US$15 million from 2 to 3 years after Execution royalties o US$20 million from 3 to 4 years after Execution o US$30 million* after 4 years from Execution but before the earlier of the Construction Milestone or 20 December 2027 (subject to the continuance of any base/precious metal royalty then being paid, capped at $500k pa.) * Indexed to US CPI after two years 7

Strike’s 2013 program: plans and objectives 2013 Objectives Actions and plans  Establish AF GM/CEO and strengthen management team in Peru  Maintain “lean and keen” management approach PARTNERS  Undertake focused and structured approach to securing community approvals for exploration at Opaban BUSINESS  Continue exploration in Apurimac to #4 Position for strategic investor #2 Achieve Community progress additional known targets entry into projects approvals at Opaban following value-  Continue dialogue with potential strategic add drilling and exploration partners #3 Commence drilling to CORPORATE expand Apurimac iron ore to circa 500 Mt at 56 – 58%Fe* #1 Strengthen AF capability to manage all #4 Consolidate Strike/AF operational matters position as major iron ore from Peru group in Apurimac and Cusco regions *The potential quantity and grade of the target iron ore is conceptual in nature. There has been insufficient exploration to define an additional mineral 8 Resource in relation to that target iron ore. It is uncertain whether further exploration will result in the determination of an additional Mineral Resource in relation to that target iron ore.

High Quality Apurimac and Cusco Iron Ore • Apurimac Iron Ore AF Apurimac Opaban • Project 269 Mt @ 57.3% Fe at Opaban • High-grade, coarse-grained, excellent metallurgy Cuervo Pictures here. • >500 Mt needed to support 15 – 20 Mtpa 1.132Mt @ 0.77% Cu • Cusco Iron Ore • AF concessions and Cuervo partnership • AF: 104 Mt @ 33% Fe* and a further 23 – 26 Mt iron ore potential at 32 – 34% Fe**, with <50% of target area tested AF Cusco • Cuervo: 178 Mt @ 48% Fe + Bob 1 targets* Project 117Mt @ 1.15% Cu • Similar ore style to Apurimac but lower grade and mass recovery and higher sulphur Pictures here. • >800 Mt needed to support 20 – 25 Mtpa * See the Appendix to this presentation for a breakdown of the total mineral resource into JORC categories per project and the JORC Code competent person statement. 9 **The potential quantity and grade of the target iron ore is conceptual in nature. There has been insufficient exploration to define an additional mineral Resource in relation to that target iron ore. It is uncertain whether further exploration will result in the determination of an additional Mineral Resource in relation to that target iron ore.

Excellent Iron and Copper / Gold Potential • Apurimac Iron Ore Opaban Nth, Ferrum, 590 km 2 of concessions • Cristoforo Magnetic Target • Sillaccassa: two magnetic targets with ironstone Cuervo Pictures here. • Opaban North: 1 km magnetic target + Colcabamba ironstone 1.132Mt @ 0.77% Cu • Colcabamba: drilled Fe + magnetic anomalies Sillaccassa Las Bambas (Xstrata), • Numerous magnetic and imagery targets 1.13Bt @ 0.77%Cu • Cusco Iron Ore and Cu/Au Almost 400km 2 of AF and Cuervo concessions AF Cusco • Project • <50% target area tested at Cusco 117Mt @ 1.15% Cu Tintaya (Xstrata), • Cuervo Bob1, Parco and Huillque Norte targets 117Mt @ 1.15%Cu Pictures here. • World class copper / gold province • 16 m @ 1% Cu from 28 m and current informal gold mining but no testing to date • IP targets identified 10

Cuervo – Bob 1 Drilling Results 2 km of strike tested of 3km target zone • 100 – 200m thick magnetite intersected on all sections • North-south orientation with moderate dips 45 – 60º to west • Open to north + south and Parco repetition highly prospective Pictures here. Drill Intercepts Hole 1: 133 m @ 49.6% Fe Hole 2: 182 m @ 39.6% Fe Hole 3: 156 m @ 40.9% Fe Hole 5: 144 m @ 38.3% Fe 117Mt @ 1.15% Cu Hole 8: 185 m @ 47.5% Fe Hole 10: 117 m @ 57.4% Fe Pictures here. Hole 11: 87 m @ 33.8% Fe Hole 17: 112m @ 49.3% Fe • Coarse-grained magnetite • Elevated sulphur (2 – 3%) • Similar style to Orcopura Concession not held by Cuervo 11

Community Approvals – Challenging but Improving • Patience and trust building required, especially following previous AF “disappearance” • Andean community mistrust of outsiders and government authorities – feel abandoned • Southern Peru especially challenging due to Andahuaylas’ history as an activist centre • Expectations raised with Mr Humala’s election but indications of increased disillusionment and radicalism • Access agreements established – but not at Huinchos / Opaban as yet However:  Doors open in cycles – Huinchos mid 2011 and again now with community accepting mining  “Pilot” programs successful along with innovative Camposol visits and expertise  Delivery of previous commitments well received and open dialogue underway with all campesinos Pictures here. 12