A BIG ONE IN THE MAKING February 2014 01 Important Notice These - PowerPoint PPT Presentation

A BIG ONE IN THE MAKING February 2014

01 Important Notice These presentation materials (the “P resentation Materials”) are being distributed in the UK only to persons having professional experience in matters relating to investments and who are investment professionals as specified in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “F inancial Promotion Order”), or high net worth companies, unincorporated associations etc. as specified in Article 49(2) of the Financial Promotion Order, and in each case who are qualified investors within the meaning of section 86(1)(a) of the Financial Services and Markets Act 2000, or to other persons who may lawfully receive the Presentation Materials. Any investment to which this document relates is available to (and any investment activity to which it relates will be engaged with) only those persons described above. Persons who do not fall within this category of investor should not take any action upon this document, but should return it immediately to All Star Minerals plc, Richmond House, Broad Street, Ely, Cambs, CB7 4AH. It is a condition of your receiving this document that you fall within, and you warrant to All Star Minerals plc (or “t he Company”) that you fall within, the category of person described above. The Presentation Materials do not constitute or form any part of any offer or invitation to sell or issue or purchase or subscribe for any shares in the Company nor shall they or any part of them, or the fact of their distribution, form the basis of, or be relied on in connection with, any contract with the Company relating to any securities. The Presentation Materials are not intended to be distributed or passed on, directly or indirectly, or to any other class of persons. They are being supplied to you solely for your information and may not be reproduced, forwarded to any other person or published, in whole or in part, for any other purpose. The Presentation Materials do not purport to contain all information that a prospective investor may require and are subject to updating, revision and amendment. In furnishing the Presentation Materials, the Company does not undertake or agree to any obligation to provide access to any additional information or to update such Presentation Materials or to correct any inaccuracies in, or omissions from, the Presentation Materials which may become apparent. The information and opinions contained in the Presentation Materials are provided as at the date of the presentation and are subject to change without notice. No reliance may be placed for any purpose whatsoever on the information contained in this document or its incompleteness. Any reliance on this communication could potentially expose you to a significant risk of losing all of the property invested by you or the incurring by you of additional liability. No representation or warranty, express or implied, is given by the Company, its Directors or employees, or their professional advisers as to the accuracy, fairness, sufficiency or completeness of the information, opinions or beliefs. The Presentation Materials have been prepared by and are the sole responsibility of the Directors and the Company. If you are in any doubt about the investment to which these Presentation Materials relate, you should consult a person authorised by the Financial Services Authority who specialises in advising on securities of the kind described in this document. The Presentation Materials are confidential and are being supplied to you for your own information. They may not (directly or indirectly) be reproduced, further distributed to any person or published, in whole or in part for any purpose whatsoever. Neither this document, nor any copy of it, may be taken or transmitted into the United States, Canada, Australia, Ireland, South Africa or Japan or into any jurisdiction where it would be unlawful to do so. Any failure to comply with this restriction may constitute a violation of relevant local securities laws.

02 Overview & Strategy • All Star has a portfolio of two projects in Queensland, Australia, covering 1,226 square kilometres, prospective for copper, phosphate, and uranium. • It owns 53% of Blue Doe Gold Plc, a company with three projects in Queensland, prospective for gold, silver, and copper. • All Star’s strategy is to have a number of producing mines in Queensland, to enable it to strengthen its balance sheet year-on-year and asset portfolio. • All Star’s near-term goal is envisaged to commence production at The Big One, a copper deposit in North-Western Queensland, in the vicinity of a number of producing base metal mines (e.g. Glencore’s Mount Isa Mines, CST Group’s Lady Annie Copper Mine • Additionally the Company is in discussions with owners of additional high grade copper deposits in the Mount Isa region with a view to further acquisitions and bringing additional mines into production over the next 3-12 months.

03 The Big One - Location • The Big One - copper deposit in North-Western Queensland covering 320 acres. • Located in an abundant region for base metal mineralization, being c.100 km’s North-West of Glencore’s Mount Isa Mines and c.20kms South-East of CST Group’s Lady Annie Copper Mine, as well as numerous other base mines and deposits.

04 Copper Mines & Deposits In Mount Isa Region • Australia's main copper mining centres are in the Mount Isa/Cloncurry region of Queensland and at Olympic Dam in South Australia. - Notable mines and deposits in the vicinity of The Big One include: • Mount Isa Mines - Past production and reserves indicate a total resource of around 225 Mt @ 3.3% Cu. • Ernest Henry - The total reserve + resource prior to the commencement of mining in 1998 was 166 Mt @ 1.1% Cu, and 0.54 g/t Au. • Lady Annie - A total known resource of 65.2 Mt @ 0.71% Cu • Rockland Copper Project - 30.94 Mt of measured and indicated resources @ 1.24% Cu (August 2010)

05 The Big One - Geology • Situated on a North-East striking fault structure that lies subparallel and c.11 km’s from the Mount Gordon Fault Zone. • The Mount Gordon Fault Zone contains numerous examples of fault-related copper mineralization. • The outcropping mineralization at The Big One is predominantly copper lode within QuickTime™ and a decompressor are needed to see this picture. vesicular basalt of a fault gouge. • The dominant copper mineralization is malachite, whilst chalcocite and azurite are also present. • It is known the copper mineralization continues beyond a depth of 40 meters -with the deepest hole intersecting copper mineralization at 75 meters.

06 The Big One - Known Resource • Historic drilling of 29 holes to an average depth of 18 metres below surface has determined that 79,346 tonnes of copper bearing ore is in-situ, of which 51,377 tonnes is “indicated”, and 27,969 tonnes is “inferred” . • Based on a conservative copper grade of 2.2% - being the average grade from the drilling program - at least 1,298 tonnes of ore is in place (non-JORC). QuickTime™ and a decompressor are needed to see this picture. • At a copper price of $7,000/tonne = $9million. • Drilling did not target the higher grade portions of the lode at the Eastern end of the deposit, nor did it include the basalt structure 100 metres north. • If a copper grade of 4% were achieved - in line with production in 1997 via rough selection of ore - the copper content would be 2,360 tonnes, which at $7,000/tonne = $16.52 million. •

07 The Big One - Potential Expansion • How deep might mineralization continue to? Mount Gordon and Lady Annie are two of the closest operating mines in proximity of The Big One. • The Mount Gordon Copper Mine (c.40 km’s North- QuickTime™ and a decompressor are needed to see this picture. East), owned by ASX-listed Aditya Birla Minerals, was originally worked as a small open cut operation in 1927. Today it is a major underground copper mine. • In 2013 a scoping study undertaken for Aditya Birla confirmed mineralization extends to a depth of 1.5 km’s (Mammoth Deeps) and 0.8 km’s (Esperanza South) • At the opencast Lady Annie Copper Mine (20 km’s North-East), owned by CST Mining, a technical report QuickTime™ and a decompressor are needed to see this picture. undertaken by Snowden (2010) has confirmed the copper mineralization continues to depths of between 60 - 100 metres below surface.

08 Plain Creek Overview • The Plain Creek project is made up of two EPM’s covering 81 sub- blocks over a total of 261 square kilometres, and two EPMA’s covering 200 sub-blocks over a total of 644 square kilometres. • The project area is situated in the northern part of the Drummond Basin, and is prospective for phosphate mineralization within the siltstone units, and phosphate hosted uranium. • The Drummond Basin is a major intracratonic feature in which volcanically derived material accumulated. Units of interest were deposited during Early Carboniferous volcanogenic and sedimentary phase; Natal Formation, Bulliwallah Formation, Star of Hope Formation. • Within the Plain Creek area, the Bulliwallah Formation and overlying Natal Formation are folded about the South-East plunging Bulliwallah Syncline. To the West, folded over the Blowhard Syncline and Hopkins Anticline. QuickTime™ and a decompressor are needed to see this picture.