NEW GOLD SYSTEMS IN WESTERN AUSTRALIA'S EASTERN GOLDFIELDS ANNUAL - PowerPoint PPT Presentation

NEW GOLD SYSTEMS IN WESTERN AUSTRALIA'S EASTERN GOLDFIELDS ANNUAL GENERAL MEETING 20 NOV 2013 ASX Code: BRB Tom Sanders www.breakerresources.com.au

Cautionar y State me nt DISCL AIME R T his pre se nta tio n ha s be e n pre pa re d b y Bre ake r Re so urc e s NL (“Co mpany”) in c o nne c tio n with pro viding g e ne ral and b ac kg ro und info rmatio n o n the Co mpany. T his pre se nta tio n sho uld no t b e re lie d upo n a s a re pre se nta tio n o f any ma tte r tha t an a dviso r o r po te ntial inve sto r sho uld c o nside r in e valua ting the Co mpany. T he Co mpany a nd its re la te d b o die s c o rpo ra te o r any o f its dire c to rs, a g e nts, o ffic e rs o r e mplo ye e s do no t make a ny re pre se nta tio ns o r wa rranty, e xpre ss o r implie d, a s to o r e ndo rse me nt o f the Co mpany, the a c c urac y o r c o mple te ne ss o f any info rma tio n, sta te me nts o r re pre se nta tio ns c o ntaine d in this pre se nta tio n, and the y do no t a c c e pt a ny liab ility wha tso e ve r (inc luding in ne g lig e nc e ) fo r a ny info rmatio n, re pre se nta tio n o r sta te me nt ma de in o r o mitte d fro m this pre se nta tio n. T his do c ume nt ma y c o nta in c e rta in fo rwa rd-lo o king sta te me nts whic h invo lve kno wn and unkno wn risks, de la ys a nd unc e rta intie s no t unde r the Co mpany’ s c o ntro l whic h ma y c a use ac tual re sults, pe rfo rmanc e o r a c hie ve me nts o f the Co mpany to b e ma te rially diffe re nt fro m the re sults, pe rfo rmanc e o r e xpe c ta tio ns implie d b y the se fo rwa rd lo o king sta te me nts. T he Co mpany ma ke s no re pre se ntatio n o r wa rranty, e xpre ss o r implie d, a s to o r e ndo rse me nt o f the ac c urac y o r c o mple te ne ss o f any info rma tio n, sta te me nts o r re pre se nta tio ns c o nta ine d in this pre se nta tio n with re spe c t to the Co mpany. Any disc ussio n in re la tio n to E xplo ratio n T a rg e ts, implie d o r sta te d, is o nly c o nc e ptual in na ture . y State me nt I nve sto rs a re a dvise d tha t b y the ir na ture a s visual a ids, pre se nta tio ns pro vide info rmatio n in a summa ry fo rm. I nve sto rs a re urg e d to re a d suppo rting info rma tio n in full in ASX re le a se s. T his pre se nta tio n do e s no t c o nstitute a n o ffe r o f se c uritie s in the Co mpany no r sho uld this pre se nta tio n b e re lie d upo n b y any a dviso r o r po te ntial inve sto r in making an inve stme nt de c isio n in the Co mpany. COMPE T E NT PE RSONS ST AT E ME NT T he g e o lo g ic al info rmatio n in this re po rt tha t re la te s to E xplo ra tio n Re sults is b a se d o n info rma tio n re vie we d b y Mr T o m Cautionar Sande rs who is a me mb e r o f the Austra la sian I nstitute o f Mining and Me tallurg y. Mr Sande rs is a n E xe c utive o f Bre ake r Re so urc e s NL a nd ha s b e e n e ng a g e d o n a n 80% o f full time b a sis. Mr Sande rs ha s suffic ie nt e xpe rie nc e whic h is re le vant to the style o f mine ralisa tio n and type o f de po sit unde r c o nside ra tio n to qualify a s a Co mpe te nt Pe rso n a s de fine d in the 2004 E ditio n o f the “Austra la sian Co de fo r the Re po rting o f E xplo ra tio n Re sults, Mine ral Re so urc e s a nd Ore Re se rve s”. Mr Sande rs c o nse nts to the inc lusio n in the re po rt o f the ma tte rs b a se d o n this info rma tio n in the fo rm a nd c o nte xt in whic h it a ppe a rs . 2

Our Busine ss E aste r n Goldfie lds Supe r te r r ane (E GST )  T he E a ste rn Go ldfie lds Supe rte rra ne a c c o unts fo r 75% o f Austra lia ’ s g o ld in 3% o f the la nd a re a …the e a ste rn ha lf is la rg e ly une xplo re d a nd is no w a n a c tive disc o ve ry a re a  BRB do mina te s the la nd po sitio n in Duke ton une xplo re d a re a s a fte r “e a rly mo ve r” Attila 10Moz pe g g ing ke y o f ke y struc ture s in No ve mb e r 1Moz 2010  Busine ss str ate gy T a rg e ting T ie r 1 g o ld de po sits (NPV +$1B) in opic a na T r a n une xplo re d pa rt o f a wo rld c la ss g o ld 7.9Moz pro vinc e using ne w to o ls to se e thro ug h sa nd c o ve r oduc tion  E ar ly suc c e ss sinc e ASX listing (Apr il 2012) …two re g io na l sc a le g o ld-in-so il a no ma lie s a t De xte r Pro je c t (drilling immine nt) …la rg e ne w so il a no ma lie s o n a ll o the r Known Gold De posits Intr pro je c ts 3

“E ar ly Move r ” Advantage … fir st oppor tunity to find the 10% of gold de posits that typic ally c ontain two- thir ds of the pr ovinc e - sc ale gold spe c tive Pe r 4

Cor por ate Ove r vie w Ca pita l Str uc tur e (L iste d Apr il 2012, $0.20 pa r )  F  Ma rke t c a p ($0.23): ~$12.7 millio n ully pa id sha re s: 55.1 millio n  Ca sh: $0.70 millio n (30 Se pte mb e r 2013)  L iste d o ptio ns: 21.2 millio n Rig hts issue pe nd ing - te rms to b e fina lise d ; ($0.25 De c 2014) R & D c la im in pre pa ra tio n  Unliste d o ptio ns: 8.4 millio n  T o p 20 inve sto rs: 88.0% Shar e r e giste r dominate d BRB Shar e Pr ic e vs ASX All Or ds Gold Inde x by lar ge funds $0.45 7,000 $0.40 6,000 $0.35 5,000 $0.30 BRB 4,000 $0.25 $0.20 3,000 oduc tion XGD $0.15 2,000 $0.10 BRB 1,000 $0.05 XGD $0.00 0 Intr 5

Ove r vie w/ T he Ye ar in Br ie f NE E aste r n Goldfie lds Supe r te r r ane  Se ve n la rg e -a re a g o ld pro je c ts lo c a te d a lg o o rlie (4,055km 2 ) 300km NE o f K - a ll o n ke y struc ture s o n ma jo r c rusta l fa ults - 100% o wne d  Main foc us on De xte r Pr oje c t - two re g io na l-sc a le g o ld-in-so il a no ma lie s Duke ton Attila ide ntifie d 10Moz 1Moz - g o ld tra c ke d to like ly so urc e a t T hre e Be a rs - RC drilling pla nne d to re sta rt la te - No ve mb e r 2013  L ar ge ne w anomalie s… all othe r pr oje c ts - no histo ric a l drilling oje c ts - a g ro wth pipe line in a n une xplo re d pa rt o f a ma jo r g o ld pro vinc e opic a na T r - sc o pe fo r jo int ve nture whe re b e ne fic ia l 7.9Moz ’s Pr  Re sults va lida te the ta rg e ting stra te g y, the e ake r a b ility to se e thro ug h sa nd c o ve r a nd the a b ility to tra c e the g o ld to b e dro c k using inno va tive te c hniq ue s Br 6

De xte r Gold Re gional Pe r spe c tive  T wo c ohe r e nt g old-in-soil a noma lie s of ppb Au r e g iona l sig nific a nc e Mt Gill - T hr e e Be a r s/ T a llows (Aug ust 2012) Proje c t Go ld tra c ke d to like ly so urc e Attila b a se d o n 22,000m a irc o re d rilling 1Moz a nd 8,500m RC d rilling - Sa ndshoe s (Se pte mbe r 2013)  RC dr illing pla nne d a t both a r e a s in Attila We st Proje c t la te -Nove mbe r 2013  Size a nd ma g nitud e o f a no ma lie s no t pre vio usly d o c ume nte d in WA in simila r oje c ts a re a o f tra nspo rte d c o ve r T hre e Be a rs/ T a llows Prospe c t (Aug 2012) ’s Pr  T ra nspo rte d c o ve r 40-70m thic k Sa ndshoe s opic a na T r - g o ld no t suppo se d to re g iste r whe n Prospe c t e ake r 7.9Moz this thic k, sug g e sting a b e d ro c k (Se pt 2013) De xte r so urc e o f sig nific a nc e Proje c t Br 7

De xte r Gold Pr oje c t Se tting De xte r Pr oje c t inte r pr e te d ge ology (GA)  250km NE o f K a lg o o rlie T hre e Be a rs/ T a llows 80km NW o f T ro pic a na Prospe c t (Aug 2012)  70 km lo ng , 1,360km 2 a re a  E a c h a no ma ly o n “c la ssic ” struc tura l se tups o n ma jo r Sa ndshoe s c rusta l fa ults with ma ntle - Prospe c t (Se pt 2013) link (sye nite ) so ug ht a fte r whe n e xplo ring fo r la rg e g o ld d e po sits oje c ts ’s Pr e ake r Br 8

De xte r Gold Pr oje c t Se e ing thr oug h the de se r t sa nd (a histor ic a l limita tion) oje c ts ’s Pr e ake r Soils - up to 298ppb g old (0.3g / t) 17,415ppb silve r (17.4g / t) Br 9

De xte r: T hre e Be a rs/ T a llows Anoma ly (Aug 2012) Gold- in- soil c ontour s ove r ae r omagne tic image  T hr e e Be a r s/ T a llows a noma ly to 298ppb g old (0.3g / t); 17,415ppb silve r (17.4g / t) De xte r  16km lo ng T a llows  Arc he a n g o ld so urc e ind ic a te d b y: Prospe c t - te llurium, a ntimo ny, a rse nic - struc tura l a sso c ia tio n - ma g nitud e o f a no ma ly - b e d ro c k g o ld fo und in la st RC ho le a t T hre e Be a rs Pro spe c t T hre e Be a rs Prospe c t oje c ts  T e ns o f tho usa nd s o f o unc e s o f g o ld in d ispe rsio n tra il whic h a ppe a rs to b e re c e nt a nd still ’s Pr a c tive e ake r  Using a low r isk str a te g y of following the g old to the be dr oc k 10km Br sour c e 10

De xte r : Gold- in- Soil on T opogr aphy 3D Pe r spe c tive gold- in- soils dr ape d ove r topogr aphy (x20 ve r tic al e xagge r ation) T hre e Be a rs/ T a llows Prospe c t (Aug 2012) Sa ndshoe s Prospe c t (Se pt 2013) oje c ts BDRC057 (last RC hole ) ’s Pr e ake r  Go ld mo ve s do wnslo pe o nc e it re a c he s the surfa c e …we the re fo re fo llo w it upslo pe to find the like ly so urc e ; this a pplie s to the re do x g o ld e nric hme nt a s we ll Br  De spite this, a str uc tur al assoc iation is still appar e nt 11