AUSTRALIAN BAUXITE LIMITED AN BAUXITE LTD ABX BX On the Path to - PDF document

ASX ANNOUNCEMENT 30 Octoberr 2014 AUSTRALIAN BA BAUXITE LIMITED ASX:ABX Presentation at Mining 2014 Resources About Australian Bauxite Limited Convention ASX Code ABX Australian Bauxite Limited ( ABx ) is establishing In accordance with the requirements of its first mine in Tasmania and holds the core of Listing Rule 3.1 we submit the attached the Eastern Australian Bauxite Province. ABx’s material being presented today at the Mining 37 bauxite tenements in Queensland, New South Wales & Tasmania covering 5,029km 2 2014 Resources Convention. were rigorously selected for (1) good quality Julie Young is making the presentation. bauxite; (2) near infrastructure connected to export ports; & (3) free of socio-environmental constraints. For further information please contact All tenements are 100% owned, unencumbered & free of 3 rd party royalties. Investor Relations, Henry Kinstlinger ABx’s discovery rate is increasing as its Australian Bauxite Limited technology & expertise grows. Telephone: +61 2 9251 7177 The Company’s bauxite is gibbsite trihydrate bauxite with low silica contamination & can be processed into alumina at low temperature – the type in short supply globally. ABx has declared Mineral Resources at Inverell & Guyra in northern NSW, Taralga in southern NSW, Binjour in central QLD & in Tasmania confirming that ABx has discovered significant bauxite deposits including some of outstandingly high quality. The Company’s first bauxite mine at Bald Hill, Tasmania is targeted for production in late 2014. ABx aspires to identify large bauxite resources in the Eastern Australian Bauxite Province, which is emerging as a globally significant bauxite province. ABx has created significant bauxite developments in 3 states - Queensland, New South Wales & Tasmania. Its bauxite deposits are favourably located for direct shipping of bauxite to both local & export customers. ABx endorses best practices on agricultural land, strives to leave land & environment better than we find it. We only operate where welcomed. Directors / Officers Paul Lennon Chairman Ian Levy CEO & MD Ken Boundy Director Kon Tsiakas Director Henry Kinstlinger Company Secretary Julian Rockett Company Secretary AUSTRALIAN BAUXITE LIMITED ACN 139 494 885 Level 2 Hudson House 131 Macquarie Street Sydney NSW 2000 p: +61 2 9251 7177 f: +61 2 9251 7500 e: corporate@australianbauxite.com.au w: australianbauxite.com.au

AUSTRALIAN BAUXITE LIMITED AN BAUXITE LTD ABX BX On the Path to Production Dec’14 Mining Lease Granted & Full Public Support LIAN RALI AUSTRA Strategic Partner & Contractors Selected Project Fully-Funded Level 2, 131 Macquarie St Sydney, NSW 2000, Australia Ian Levy, Managing Director & CEO Phone: +61 2 9251 7177 Mobile: +61 407 189 122 E: corporate@australianbauxite.com.au E: ilevy@australianbauxite.com.au

Forward Looking Statement Whilst based on information from sources considered reliable, Australian Bauxite Limited ( ABx ), its directors, employees and consultants do not represent, warrant or guarantee, expressly or impliedly, that the information in this document and presentation is complete or accurate. To the maximum extent permitted by law, ABx disclaims any responsibility to inform any recipient of this document and presentation of any matter that subsequently comes to its notice, which may affect any of the information contained in this document and presentation. AN BAUXITE LTD ABX BX Competent Person Statement Information herein relating to Exploration Results, Mineral Resources and Exploration Targets is based on information compiled by Ian Levy BSc, MSc, who is a Fellow of the Australasian Institute of Mining and Metallurgy and a Fellow of the Australian Institute of Geoscientists. Mr Levy is employed by ABx as Chief Executive Officer. Mr Levy has more than five years experience relevant to the style of mineralisation and type of deposit being reported and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the JORC Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. This report is issued with the prior written consent of the Competent Person as to the form and context in which it LIAN appears. RALI The information in this report relating to Mineral Resources was prepared and first disclosed under the JORC Code 2004. It has AUSTRA not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported. Direct Shipping Ore In this presentation all references to direct shipping ore (DSO) refers to the company’s exploration objective of defining DSO grade mineralisation. The potential quantity and grade of exploration targets is conceptual in nature, 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. 2

Bauxite Prices Rising Strongly in A$ US$ prices rising & Fx rate falling - with more upside to come Average CIF Price of Chinese Bauxite Imports in $A/tonne $90 AN BAUXITE LTD ABX BX $80 $A per tonne CIF China $70 $60 LIAN $50 RALI AUSTRA $40 $30 $20 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10 Jan-11 Jan-12 Jan-13 Jan-14 Source: C&M, China Customs, Bloomberg & RBA fx rates ABX’s OPPORTUNITY IS NOW 3

ABx Investment Highlights  First Mine Lease Granted – at Bald Hill, Tasmania  Strategic alliance with Noble Group. Project fully funded  Public disclosure period completed. 100% public support AN BAUXITE LTD ABX BX  Experienced contractors selected. Gearing-up  P roduction starts Dec’14. Cash flow within 6 months  Quality bauxite projects, close to infrastructure, with no LIAN socio-economic impediments RALI AUSTRA  Track record of quality bauxite discoveries  Substantial exploration and development potential in:  Tasmania (first mines)  Queensland (largest projects)  New South Wales (large projects – thickest bauxite) 4

Australia Increasing Bauxite Exports Rio Tinto $1.5 billion expansion of +30 Mtpa forecast bauxite supply to high-temp refineries Gove ABx 5 to 10 Mtpa Weipa Mitchell low-temp bauxite sold to Plateau (Dormant) low-temp refineries AN BAUXITE LTD ABX BX World’s largest alumina refineries Binjour Project 2 Eastern World’s largest bauxite & Australian alumina production Mainly too Bauxite LIAN Darling low grade Goulburn Projects 3 Ranges RALI Province to export AUSTRA ABX bauxite deposits (36) Others’ bauxite projects (6) Tasmanian Projects Aluminium smelters (6) 1 Alumina refineries (8) Rio exports high temperature bauxite to China’s high temp refineries ABX will supply low temperature bauxite to low temperature refineries 5

Projects Location & Infrastructure in Tasmania Bridport Burnie Bell Bay Scottsdale 3 rd mine: DL-130  Discovered by ABx 2011  Thick, up to 14m AN BAUXITE LTD ABX BX DL-130  High grades Bell Bay Bulk Port Launceston  Closer to port 1 st & 2 nd mines: 100km by Road or Rail Bald Hill & Fingal Rail Campbell Town  Direct Shipping Ore Bald Hill Project Bulk test pits  Trial mining  Major road LIAN  Rail capacity RALI AUSTRA  Stockpile & port capacity  ML application LEGEND Hobart ABx Bauxite Lease Major Export Port Aluminium Smelter Coal Mines N Major Roads 0 kilometres 100 Rail Lines 6

First 2 Mining Leases defined in Tasmania Bald Hill ML 1961 Fingal Rail ML Highway Fingal Rail Draft ML Outline Rail To Bell To Bell Bay Port ML outline Bay Port N 200 metres BX AN BAUXITE LTD ABX Pit limits Resource outlines Bald Hill ML 1961 Bauxite hole LIAN RALI Unused areas AUSTRA Stockpile sites 1 km Unexplored area 7

Third Mining Lease Target at DL-130 Thickest high-grade bauxite in Tasmania, up to 14 metres thick EL37/2010 WB-001 AN BAUXITE LTD ABX BX EL16/2012 DL-130 DL 30 DL-130 DL 30 discover ery disco scovery DL-130 LIAN RALI AUSTRA EL9/2010 N 1 kilometre Legend Tenement Boundary Areas with Bauxite outcrop Bauxite potential Exploration Area EL9/2010 8

Testing Bauxite Projects in Tasmania Bulk test pits Dry screening bulk samples AN BAUXITE LTD ABX BX LIAN Excellent rehabilitation RALI AUSTRA Bald Hill Bauxite as Mined Fingal Rail Bauxite as Mined Bulk samples sent to customers 9

Capital & Operating Costs Surface miners (can be hired) Item Amount Site mobilisation $1.5 m Net site establishment $2.0 m Road upgrade $1.0 m Contingency (25%) $0.5 m AN BAUXITE LTD ABX BX Mobile shiploaders (can be hired) Free dig in places Initial capital $5.0 m Working capital $1.0 m Later Expansion [$7.5 m] Shiploader in 2016 (will be hired ) LIAN Item A$/t FOB RALI AUSTRA Mining & screening $8.00/t A$10-A$20/t margin Grade control during surface mining Administration $1.60/t based on current & landholder dealings $0.80/t bauxite prices Bulk shipping all year round State royalty $0.50/t CBIX Index = US$74.50/t R ail Freight $12.80/t Port costs $7.00 – $8.00/t Indian Bx = US$64/t A$ 29 – A$3 1 /t CIF China Total FOB Shipping US$19 – US$22/t 10