AGM 2011 24 November 2011 Perth, WA Forward Looking Statements - PowerPoint PPT Presentation

AGM 2011 24 November 2011 Perth, WA

Forward Looking Statements This presentation contains certain forward-looking statements and forecasts which include 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 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 an offer to buy or sell securities. 2

FY2011 – Building a Mid Tier Gold Producer  Construction and ramp up of Casposo  Andorinhas record production  17% increase in gold production to 71,614 oz  25% reduction in cash costs to US$554/oz net of silver credits  Net Profit of A$14.6m  Paid 11 th fully franked interim cash dividend of 4 cents per share on the 29 th June 2011  Today announced the final fully franked cash dividend of 6 cents per share to be paid in January 2012  Doubled Casposo exploration budget to $15m  Discovery of new high-grade zone at Casposo delivering 19% increase in M+I contained gold equivalent  40% share price appreciation to $3.49 (to June 30, 2011) 3

Corporate Snapshot Troy Share Price Key Statistics (A$) 88.15M Ordinary Shares: Options: 4.6M Share Price as at Nov 23, 2011: $4.07 52 Week Range (close): $3.47 - $4.75 Market Cap as at Nov 4, 2011: ~A$360M Net Debt as of Sept 30, 2011 ~A$0.3m Shareholders  5,600 Institutions ~35% Domicile • Australia 70% • UK/Europe 20% • North America 10% 4

Andorinhas Gold Mine – Brazil 5

Andorinhas Gold Mine – Brazil  FY2010 – 31,568oz at US$634/oz  Changed the mining method  Improved productivity  Improved safety performance  Over 2 years LTI Free  FY2011 – 49,099oz at US$519/oz  Sept Qtr FY12 – 12,921oz at US$504/oz  October 2012 – 4,340oz at US$528/oz 6

Andorinhas Going Forward  Moving into higher grade areas Andorinhas Production Profile  Current Reserves support the operation through FY15 60,000 with potential at depth and 50,000 regionally to extend the mine life 40,000 Potential for additional Au 0z ounces from Melechete 30,000 Extension, Arame, M1  Monetising iron ore royalty Vein, Lagoa Seca West, ~ forecast US$3m pa from Coruja, Luiza 20,000 calendar 2012 10,000 0 FY12 FY13 FY14 FY15 FY16 FY17 Scheduled Reserve Ounces 7

Exploration Potential Melechete M2 Arame Mel-1000 Mel-0980 Exploratory sill in Mel-0960 Potential to add Arame Resource resources at depth 8

Arame – Currently in Resources Only Melechete 1040 ARAME – 1040W CS = 0.9M at 23g/t Arame 1040 Sill Drive Main Ramp CS = 1.2M at 2.34g/t ARAME – 1040E • 66m silled in Arame on the 1040 m level. Melechete 1020 • Channel Samples – 1.08m at 11g/t • Average development (diluted) grade to date is 4.81g/t • On the Eastern side RML has developed 16m beyond the geological model.

Arame 2cm 10

Casposo Project – San Juan Province 11

San Juan Province Mineral Endowment Mines and Casposo Project Access 12

Mine is 30km from Calingasta at 2,400m AMSL 13

Delays in Ramp Up to Full Production Tails Filtering January 2011 Tails Filtering March 2011 14

Casposo – the Crown Jewels  Reached budget throughput midway through September  6,606 oz Au @ unit cash cost of US$377/oz Au net of silver credits  October production 7,210 oz Au at a unit cash cost of US$103/oz Au net of silver credits  The site will move from diesel generated power to grid power in December further lowering costs  Significant exploration results at Casposo with potential dependent on mine planning, to:  Extend mine life (additional ounces)  Avoid drop in production in years 3 and 4 (access to higher grade)  Lower unit costs (access to higher grade) 15

Blue Sky 17

Casposo 2010 Mining Reserves Highest value intercept on the property to date HOLE: CA08250 7.2m @ 108.7g/t Au 4,423g/t Ag Contained metal value over US$10,000 per tonne at US$1500/oz Au and US$35/oz Ag. 18

New Resource Area Focused on First 500m of 1.5km Structure 19

New Resource Area Focused on First 500m of 1.5km Structure Table 1a: Kamila Southeast Resource Estimate (Using 2g/t Au_eq Cut-off) Gold Contained Resource Gold (g/t Silver Tonnes Equivalent Metal Classification Au) (g/t Ag) Au_eq (g/t) (Au_eq oz) Measured 96,000 6.68 770 17.68 54,600 Indicated 161,000 4.43 572 12.61 65,300 Total Measured & 257,000 5.27 646 14.50 119,900 Indicated Inferred 226,000 3.00 281 7.01 51,000 Note: Discrepancies may occur due to rounding Table 1b: Kamila Southeast Resource Estimate – High Grade Zone (Above 5g/t Au_eq Cut-off) Contained Resource Gold (g/t Silver (g/t Tonnes Au_eq (ppm) Metal Classification Au) Ag) (Au_eq oz) Measured 87,500 7.24 832 19.13 53,500 Indicated 109,000 6.05 767 17.00 59,600 Total Measured & 196,000 6.58 796 17.95 113,100 Indicated Inferred 108,000 4.72 417 10.68 37,100 Note: Discrepancies may occur due to rounding 20

Kamila Comparable – Pajingo Mine Slide from September 2005 Intrepid Presentation 21

New Ore Grade Intercepts 22

Environmental and Community 23

Hardwood Replanting at Lagoa Seca Troy tenement to be replanted with indigenous trees 24

Environmental and Community Mine Reclaim and Employee Family’s Waste plastic, R$6,000 Rio Maria playground 25

Looking Forward  Casposo reaching its full potential – it will be one of the lowest cost gold mines reporting on the ASX  Release updated mine plan for Casposo in March quarter incorporating the high grade Kamila SE Extension discovery  Ongoing exploration at Casposo and Andorinhas  Opening of Troy office in Toronto raising the profile on the TSX  Continue to look for the next M+A opportunity 26

Thank You 27