Investment Presentation May 2012 Contact: Todd Hibberd Telephone - PowerPoint PPT Presentation

Investment Presentation May 2012 Contact: Todd Hibberd Telephone :+618 9321 2233 Email: info@wcminerals.com.au www.wcminerals.com.au

Disclaimer The material in this presentation (“material”) is not and does not constitute an offer, invitation or recommendation to subscribe for, or purchase, any security in White Cliff Minerals Limited (“WCN”) nor does it form the basis of any contract or commitment. WCN makes no representation or warranty, express or implied, as to the accuracy, reliability or completeness of this material. WCN, its directors, employees, agents and consultants, shall have no liability, including liability to any person by reason of negligence or negligent misstatement, for any statements, opinions, information or matters, express or implied, arising out of, contained in or derived from, or for any omissions from this material except liability under statute that cannot be excluded. Statements contained in this material, particularly those regarding possible or assumed future performance, costs, dividends, production levels or rates, prices, resources, reserves or potential growth of WCN or, industry growth or other trend projections are, or may be, forward looking statements. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. Actual results and developments may differ materially from those expressed or implied by these forward looking statements depending on a variety of factors. The Information in this presentation that relates to exploration results, mineral resources or ore reserves is based on information compiled by Mr Todd Hibberd, who is a member of the Australian Institute of Mining and Metallurgy. Mr Hibberd is a full time employee of the company. Mr Hibberd has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the `Australian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves (the JORC Code)`. Mr Hibberd consents to the inclusion of this information in the form and context in which it appears in this presentation. 2

Summary and Highlights • Nickel and gold focus ‐ Western Australia – $240,000 drill funding from WA government – Outstanding nickel sulphide drill targets – Drilling commences July 2012 – Potential for a major new nickel discovery • Copper ‐ Gold focus Central Asia – Extensive copper mineralisation discovered • Experienced management 3

Corporate Snapshot Board ‐ Management Major Shareholders Capital Structure Thorney Fund 3% Shares 67.2M Todd Hibberd managing director Options Directors and 5.8M 30% Strike@25c Founders Michael Langoulant expire 06/2014 executive chairman Cash $1M Rodd Boland (31 Mar 2012) Top Twenty 43% non ‐ exec director Share Price $0.05 Top 100 76% Market Cap $3.5M 4

Core Business • Australia – Lake Johnston Nickel • Kyrgyz Republic – Chanach Copper ‐ Gold Porphyry 5

Lake Johnston Nickel Project (100%) • 250km from Kalgoorlie • Covers 800 km 2 • Two nickel mines in belt: • Emily Anne • Maggie Hays • 14Mt @ 1.82% Nickel • 250km to Port Esperance • 100km to Rail • Existing Infrastructure 6

Key Prospects • Along strike from Norilsk mines • Key prospects – Lake Percy – Mt Gordon/Mt Glasse • Same geology • Same stratigraphy • Same Potential 7

Lake Percy Nickel Sulphide Targets • Historical nickel sulphide results of: • 3m @ 1.7% Ni • 8m @ 0.98% Ni • Nine new nickel sulphide targets (conductive zones) identified on/near basal contact of ultramafic • Diamond Drilling – July 2012 – 1200 ‐ 1800 metres 8

Lake Percy Nickel Targets vs. Norilsk Mines Lake Percy - WCN Nickel Mine – Norilsk Same Stratigraphy Same Potential Same Geology 9

Lake Percy vs. Norilsk Mine ‐ Section Lake Percy – WCN Nickel Mine - Norilsk 10

Mt Gordon Nickel Sulphide Targets • Four strong geophysical nickel targets identified on/near basal contact of ultramafic • Overlying nickel rich laterite – Ultramafic at depth – BIF unit (cf. Norilsk) – Minimal Exploration • Multiple additional targets south of Mt Gordon • Geophysics planned 11

Mt Gordon ‐ Cross Section • Four Targets – Same Geology – Same Stratigraphy – Same Location – Same Potential • Diamond Drilling – August 2012 – 1200m 12

Mt Glasse Nickel Sulphide Targets • Six strong geophysical nickel targets identified on/near basal contact of ultramafic • Overlying Nickel laterite – Ultramafic at depth – BIF unit (cf. Norilsk) – Minimal Exploration • Planned geophysics to better define targets • Good road access to all sites 13

Lake Johnston ‐ Summary • Historical nickel sulphide results of: • 3m @ 1.7% Ni • 8m @ 0.98% Ni • Nineteen new nickel sulphide targets (conductive zones) identified on/near basal contact of ultramafic • Diamond Drilling – July 2012 – 2400 metres 14

Chanach Copper ‐ Gold Kyrgyz Republic – Central Asia • Major copper & gold metallogenic province – 2000km long – From China to Uzbekistan • Politically stable • Good road Infrastructure • Major regional mines include: – Kumptor (20 M Oz gold) – Makmal (5 M Oz gold) – Kalmakyr (9.5 Mt Cu;40 M Oz Au) 15

Regional Deposits Chanach Charaat Area 7.5 M Oz Gold 1 Mt Copper Chanach Terek Sai Area 7.5 M Oz Gold Kochbulak Area 10 M Oz Gold Kalymakyr Area Major Copper-Gold 90 M Oz Gold Metallogenic Belt 25 Mt Copper 16

Regional Porphyry & Epithermal Deposits Copper Gold Copper Deposit Type Tonnes Gold (Oz) % (ppm) (Mt) Kalmakyr Grp Porphyry 5.5 Gt 0.38 0.35 25 90 Million Kuru Tegarek Porphyry 173 Mt 0.59 0.56 1.0 3.1 Million Charaat Epithermal 33 Mt 4.1 5.6 Million Terek Sai Epithermal ~23 Mt ~3 2.2 Million Ishtamberdy Epithermal 15.9 Mt 4.9 2.5 Million Kochbulak Epithermal 11.3 Mt 12 4.3 Million 17

The Chanach Copper ‐ Gold Porphyry (45%) • Potential for 100’s of millions of tonnes • Grades to date range from 0.2% copper ‐ 2% copper • Initial drilling covers 500 by 400 metre area • Mineralisation open in all directions • Copper and gold mineralisation identified 5km away 18

Copper ‐ Gold Porphyry Deposits • Copper ‐ gold rich magma injects itself into crust • Deposits are zoned • Typically 100’s of millions to billions of tonnes • Average grades from 0.3% copper to ~1% copper Diagram after Lowell and Guilbert 1970 19

Chanach Tenement Outcropping Porphyry 2011 Drilling (next slide) Alteration Targets 20

Chanach Drilling Results • Extensive Copper Mineralisation • 18 of 20 drill holes mineralised • Drill hole depths ranged from 100m to 350m • Significant Copper grades (and associated gold) • 80 metres at 0.5% copper in supergene zone including; • 10 metres at 1% copper • 40 metres at 0.5% copper in supergene zone • 180 metres at 0.2% copper and 0.15 g/t gold including; • 34 metres at 0.40% copper and 0.26 g/t gold 21

Interpreted Mineralisation Mineralised Skarn Contact 250 500 0 Metres Mineralised Porphyry 22

Chanach 2012 Exploration Program • 2000 metres of diamond drilling, including: – Porphyry ‐ limestone contact (Skarn) – Main Porphyry – Central Porphyry • Extensive soil sampling program over alteration targets (2000 samples) • Ground magnetic survey 23

Exploration Schedule – to Dec 2012 Commodity Activity Timing Project MLTEM Q3-12 Nickel DD Drilling Q3-12 Lake Johnston MMI Q4-12 Drilling Q3-12 Copper-Gold Chanach Soil Sampling Q3-12 Gold MMI Q2-12 Gold RC Drilling Q3-12 Mt Remarkable Nickel MLTEM Q3-12 MMI Q3-12 Gold Laverton Drilling Q4-12 MMI = Mobile Metal ion soil geochemical sampling MLTEM = Moving Loop Electromagnetic survey 24

Summary • 2012 Exploration has potential to rerate company • High risk/ reward nickel drilling at Lake Johnston • Chanach Copper Gold Project – a sleeping giant – further work will realise scale and potential • Pipeline of good quality grass root projects 25

Contact Details Todd Hibberd – Managing Director Rodd Boland – Non Executive Director ‐ Investor Relations White Cliff Minerals Limited White Cliff Minerals Limited Suite 2, Murchison House Suite 14, 13 Hickson Road 5 Ord Street, Sydney NSW 2000 West Perth WA 6005 Tel: 02 9251 5065 Tel:08 9321 2233 Fax: 02 9251 5067 Fax: 08 9324 2977 Mb: 0408 969 609 Em: info@wcminerals.com.au Em: rboland@wcminerals.com.au Web: www.wcminerals.com.au 26