20:20 Investor Seminar Best of the West 16 J l 16 July 2010, - PowerPoint PPT Presentation

20:20 Investor Seminar Best of the West 16 J l 16 July 2010, Sydney 2010 S d

Forward Looking Statements This presentation contains certain forward-looking statements and forecasts which include without limitation expectations regarding future performance costs production levels or 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 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 g p an offer to buy or sell securities. 2

Troy is Unique  ASX Top 300 Company  Troy has paid A$30.5M in ten consecutive fully franked cash dividends  Troy has two producing mines  Troy has a major growth project with Casposo  All three sites have significant brownfields potential  Gold exposure at a compelling valuation  Gold exposure at a compelling valuation  No hedging.  Announced a A$25M debt facility on 10 February 2010 to complete A d A$25M d bt f ilit 10 F b 2010 t l t funding for the Casposo project and commence accelerated exploration of Casposo and Castaño Nuevo leases p p  Casposo Fully Funded 3

What We Own Gold Assets  Sandstone Gold Mine - Australia Andorinhas Belém Gold Mine  Andorinhas Gold Mine - Brazil  Casposo Development Project -  Casposo Development Project BRAZIL Argentina Brasilia Belo Horizonte Rio de Janeiro Rio de Janeiro Sao Paulo San Juan Casposo Au/Ag Buenos Aires Deposit Deposit Sandstone Gold Mine Other Assets  Andorinhas, Brazil – Iron Ore Andorinhas Brazil Iron Ore  Sandstone, Australia – Nickel JV  Approx A$2.8M (1) in listed equities as at July 12, 2010 1.98 M Volta Resources shares (1) 4

Corporate Snapshot Key Statistics (A$) Troy Share Price Ordinary Shares: 87.5M Partly Paid Shares: Partly Paid Shares: 0 35M 0.35M Options: 3.1M Share Price as at 12 July 2010: $2.48 52 Week Range: 52 Week Range: $1 20 - $2 86 $1.20 $2.86 Market Cap as at 12 July 2010: $217M Board & Senior Management Board & Senior Management Non-Executive Directors John Dow, Non-Executive Chairman  Gordon Chambers, Non-Executive Director Gordon Chambers, Non Executive Director    David Dix , Non-Executive Director John Jones, Non-Executive Director  Robin Parish, Non Executive Director Robin Parish, Non-Executive Director   Senior Management  Paul Benson, CEO  Peter Doyle, VP Exploration & Bus. Development Ken Nilsson, Executive Director Operations  David Sadgrove, CFO & Company Secretary  5

6 Casposo Project – San Juan Project

San Juan Province Mineral Endowment, Mines and Casposo Project Access Mines and Casposo Project Access 7

8 Mine is 20km from Calingasta at 2400m AMSL

Casposo  Acquired from Intrepid Mines for US$20M in May 2009 plus US$2M on 6 th month anniversary of first production US$2M on 6 month anniversary of first production  All major permits in place   July 2009 announced 32% in gold equivalent in Mineral July 2009 announced 32% in gold equivalent in Mineral Resource update   August 2009 announced 47% reduction in pre-production August 2009 announced 47% reduction in pre production construction capital to US$45M  Started construction in August 2009  February 2010 announced a further reduction in pre-production construction capital to US$41.5M  May 2010 announced a 31% increase in gold equivalent in Mining Reserve   O On schedule and budget to pour first gold in September quarter h d l d b d t t fi t ld i S t b t 2010 9

10 Open Cut, Underground & Processed Tonnes es o

Total Gold Equivalent Production Aim to avoid the drop in production in 2013 and Aim to extend mine life 2014 through proving up additional open cuttable through proving up additional Reserves – eg Cantano Nuevo and Casposo Note. surface and underground Reserves 11

Unit Costs and Production Unit Costs and Production FY 2010 FY 2010 FY 2011 FY 2011 FY 2012 FY 2012 FY 2013 FY 2013 FY 2014 FY 2014 FY 2015 FY 2015 FY 2016 FY 2016 Life of FY 2017 30 ‐ Jun ‐ 30 ‐ Jun ‐ 30 ‐ Jun ‐ 30 ‐ Jun ‐ 30 ‐ Jun ‐ 30 ‐ Jun ‐ 30 ‐ Jun ‐ Mine 30 ‐ Jun ‐ 17 10 11 12 13 14 15 16 Unit Cost: By ‐ Product Costing (after Silver credits) Gold Produced Oz 320,841 81,846 90,394 43,741 35,012 49,901 19,946 ‐ USD/ Oz (Au) Unit Cash Cost (net Ag net of Silver f il credits) di ) 120.49 127.00 151.39 349.36 387.83 ( (88.18) ) ( (495.32) ) ‐ Total unit Cost net of silver (inc deprn & amort) USD/oz 448.85 455.38 505.01 779.50 681.63 157.85 (238.07) ‐ Unit Cost: Co Product Costing Unit Cost: Co Product Costing Equivalent Gold Produced Oz 463,494 96,056 110,705 60,681 64,576 92,520 38,956 ‐ USD/ Oz Equivalent Gold (Au+Au unit cash cost Ag) 382.05 270.94 307.08 517.03 645.20 390.05 209.97 ‐ Total Equivalent Gold unit total cost (deprn & cost (deprn & amort) USD/oz 609.03 550.74 595.83 827.10 804.49 522.75 341.68 ‐ 12

13 Project Cumulative Cash Flow After Capital

Kamila-Mercado Block Model Mining Plan

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Cobar Plant in Transit to the Port of Newcastle - November 2010 e cast e o e be 0 0 20

Cobar Plant in Transit to the Port of Newcastle, Australia e cast e, ust a a 21

Casposo Metallurgical Plant Layout Looking Northwest – Mid June 2010 oo g o t est d Ju e 0 0 22

23 Mill Feed Conveyor with Lime Silo in Background g

24 McKinnons Plant - Grinding and Leaching Section

Merrill Crowe and Refinery Building Under Construction Co st uct o 25

26 Kamila Open Cut Pre-strip

Exploration Potential - Brownfields Targets Cerro Norte Cerro Norte Zone Looking East Maya Vein Mercado NW Vein 27

28 New Casposo Norte Discovery

29 Castaño Nuevo Target, Argentina

30 Castaño Multiple Outcropping Vein Systems

Why Invest In Troy?  A strong Board and Management team with proven  A strong Board and Management team with proven track record  Compelling valuation  Compelling valuation  Consistent dividend-payer  Clean, strong balance sheet and good share liquidity  Excellent track record of building Reserves and Resources  Strong growth profile through 2012 – will renter the g g p g +100,000oz pa club in FY2011  Significant brownfields exploration potential g p p 31

Thank you