2013 Annual General Meeting Company Update Melbourne 22 November - PowerPoint PPT Presentation

SCIENCE  DISCOVERY  GROWTH 2013 Annual General Meeting Company Update Melbourne 22 November 2013

Forward-looking statement & disclaimer The information contained in this presentation has been provided by Navarre Minerals Limited (Navarre) and other sources identified herein. No representation or warranty, express or implied, is made by Navarre 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 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 includes “forward - looking statements” within the meaning of securities laws of applicable jurisdictions. Forwa rd-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 must not be photocopied, reproduced, disclosed or distributed to any other person without the prior written consent of Navarre. The information in this presentation that relates to Exploration Results, Mineral Resources and Exploration Potential is based on information compiled by Mr Wessley Edgar. Mr Edgar is an employee of Navarre Minerals Limited, is a member of the Australasian Institute of Mining and Metallurgy and is a Competent Person under the definition of the 2012 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 Edgar consents to the publication of this information in the form and content in which it appears. The information in this presentation that relates to Exploration Targets refers to targets that are conceptual in nature, where there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource. The information on porphyry copper and gold exploration targets in this presentation are based on a conceptual range of targets as follows: Tonnage range: 300 million to >500 million tonnes Grade range: 0.3% Cu to 2.0% Cu & 0.2 g/t Au to 2 g/t Au Metal: 1Mt contained copper & >0.5 million ounces of gold ASX Code: NML Page 2 of 17 Page 2 of 17 www.navarre.com.au

2013 - Emergence of Victorian copper BIG PROJECTS, BIG POSITIONS  100% ownership of key projects FOCUS ON MIGA ARC - BASE METALS  Secured porphyry copper prospects on Miga Arc  Eclipse, Lexington, Pollockdale & Glenlyle  50 targets generated & prioritised LARGE GOLD AT BENDIGO  Advancing the shallow open pit potential at Tandarra  Bulk sample treatment of existing drill residues to quantify contained gold distribution EXAMINING TRANSFORMATIONAL OPPORTUNITIES Page 3 of 17 Page 3 of 17

Significant milestones - 2013 Investing for growth and adding value to our project portfolio  Copper  Miga Arc: geology like Andes, host to world’s largest known copper porphyry systems  100% ownership of big footprint  First mover- best ground, dominant position  Porphyry-style Cu-Au drilled at Eclipse  New porphyry-style copper target identified at Lexington  50 copper and gold targets generated  Gold  100% ownership of Tandarra formally completed  Bulk sample treatment plant reconfigured, commissioned and commencement of drill CSAMT geophysics residue processing Page 4 of 17 Page 4 of 17

SE Australia’s main volcanic terranes and their identified metal endowments Miga Arc Victoria’s new emerging copper belt  Miga Arc now recognised as an Andean- style volcanic arc concealed below recent thin cover and remains under-explored  Miga Arc comparable to widely explored Macquarie Arc  Rocks are similar in age & type to Mt Read Volcanics of Tasmania, host to Mt Lyell & Rosebery Mines  Volcanic arc systems world-wide host porphyry copper, VHMS, epithermal base metal and gold deposits Approx. location of seismic section shown in next slide Page 5 of 17 Page 5 of 17

Andes Volcanic Range, South America S Miga Arc Pacific plate Recent seismic data show new N copper & gold opportunities South American in western Victoria plate ~ 500 million years ago E W  Arcs form above subduction zones at plate boundaries (eg. Andes, Indonesia)  Most arcs contain giant porphyry Present day Western Victoria copper deposits E W  Miga Arc only recognised as Andean-type margin in January 2013 Page 6 of 17 Page 6 of 17 Miga Arc seismic survey interpretation, after Cayley et al, 2013 (in prog.)

Cu-Porphyry Exploration Targets 1  >500Mt tonnes  0.3 – 2 % copper  0.2 – 2 g/t gold  Porphyry copper deposits are large, low-grade, bulk-mined deposits  Largest are 1.5 – 3 billion tonnes @ 0.7-2% copper  Usually associated with gold and/or molybdenum Cadia Hill Porphyry Cu-Au Mine, central NSW 1 Refer to slide 2 – Exploration Targets are conceptual in nature, where there has been insufficient exploration to define a Mineral Resource and it is Page 7 of 17 Page 7 of 17 uncertain if further exploration will result in the determination of a Mineral Resource.

Western Victoria Copper Project - Miga Arc Under-explored volcanic province containing large porphyry Cu-Au targets  130 kms of under-explored Pacific rim style volcanic belt with no deep drill holes  Near established infrastructure (power, port, rail, highways, workforce & processing facility )  Porphyry-style copper mineralisation confirmed by drilling  Sole diamond hole at Lexington intersects primary copper up to 0.6% and Mo up to 800ppm  Navarre activities completed:  26 drill holes for 2,200m at Eclipse  Geophysics – aeromagnetics, EM & IP surveys at Eclipse  Soils geochemistry and PIMA studies at Eclipse  Reconnaissance mapping, rock chip & soils at Lexington  50 targets developed for follow-up Page 8 of 17 Page 8 of 17

Eclipse prospect Porphyry copper-gold system  Scale potential – large geophysical feature co-incident with anomalous base metal geochemistry  Previous shallow high-grade intercepts include:*  15m @ 0.7% Cu, 1.9% Zn, 0.8g Au/t (RC92GM52)  13m @ 0.7% Cu, 0.2g Au/t, inc. 2m @ 2.2% Cu (RC92GM55)  2.0m @ 3.0% Cu, 2.0g Au/t (RC93GM65)  > 276 m of zinc + gold + pyrite hydrothermal alteration in DD10BR001 indicates proximity to porphyry core  PIMA analysis of existing air-core drill chips and diamond core indicates proximity to potential higher-grade porphyry core * See Navarre’s December 2010 prospectus Page 9 of 17 Page 9 of 17

Eclipse prospect Conceptual porphyry copper-gold model Page 10 of 17 Page 10 of 17

Lexington Prospect . . . More porphyry potential  Highly anomalous  Sulphide in surface rocks MAGNETIC IMAGE - LEXINGTON DIORITE COMPLEX geochemistry & quartz veining Pyrite VICT3D1 Chalcocite  Granodiorite porphyry core  Tectonic quartz veining Page 11 of 17 Page 11 of 17