Troy Resources - 2012 AGM www.troyresources.com.au | ASX, TSX:TRY - PowerPoint PPT Presentation

Troy Resources - 2012 AGM www.troyresources.com.au | ASX, TSX:TRY

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 Limited (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

2012 – A Year of Breaking Records • Gold Production up 67% to 119,621oz @ US$472/oz net of silver credits • Record gold equivalent production up 79% to 137,457oz @ US$625/oz gold equivalent (Au_Eq) • Record revenue up 104% to A$208.6M • Record PAT up 115% to A$31.4M • 30 September 2012 net cash of A$47.9M compared to net debt of $5.4M at 30 June 2011 • Declared 13 th Fully Franked Cash Dividend of 10cps (up 67%) • Record exploration spend up 87% to $16.5M • September Quarter 2012 • Gold production of 28,384oz @ US$ 549/oz Au net of silver credits • Gold Equivalent production 33,389oz @ US$726/oz Au_Eq 3

Troy - A Profitable Dividend Paying Mid Tier Gold Producer • Two operating gold mines • Andorinhas, Para State, Brazil • Casposo, San Juan Province, Argentina • Sandstone, WA, Australia • Sale announced to Southern Cross Gold (SXG) • $5M, • 2% uncapped royalty • 43.7M five year options Exercise Price 10 cps • Opened Troy office in Toronto • Just 91.3M share on issue • Paid 13 cash dividends over the last 13 years • Track record of building mines quickly and at low cost • Valued by the local communities in which we operate 4

Corporate Snapshot Key Statistics (A$) Ordinary Shares: 91.3M Options: 3.1M Share Price as at 26 Nov 2012: $4.28 52 Week Range: $3.70 - $5.05 Market Cap as at 26 Nov 2012: ~A$390M Net Cash as of 30 Sept 2012: ~A$47.9M No debt as of October 10, 2012 Non-Executive Directors Senior Management • Paul Benson, CEO & Managing Director • David Dix, Non-Executive Chairman • Peter Doyle, VP Exploration & Bus. Development • Gordon Chambers, Non-Executive Director • Ken Nilsson, Executive Director Projects • Fred Grimwade , Non-Executive Director • David Sadgrove, CFO & Company Secretary • John Jones, Non-Executive Director • Andrew Storrie, COO • Robin Parish, Non-Executive Director 5

Andorinhas Gold Mine - Brazil • FY2010: 31,568oz at US$634/oz • FY2011: 49,099oz at US$519/oz • FY2012: 48,632oz at US$571/oz • Guidance FY2013: 40-45 koz • Sept Qtr 2012: 9,975,oz @ US$641 • Closure in FY2014, exact timing dependent on permitting 6

7 Casposo Project – San Juan Province

San Juan Mineral Project Endowment Mines & Casposo Project Access 8

Casposo – the Crown Jewels FY2012 Performance: • By-Product: 70,989oz Au @ unit cash cost of US$404/oz Au net of (937,208oz) silver credits • Co–Product: 88,825oz Au_Eq @ unit cash cost of US$654/oz Au_Eq September Quarter 2012 • By-Product: 18,409oz Au @ US$499/oz net of (270,380oz) silver credits • Co-Product: 23,414oz Au_Eq @ US$763/oz Au_Eq Risks • Delay to underground access to high grade ore • Argentinean inflation 9

10 New 2012 Mine Plan

11 Underground Development has Commenced

New 2012 Mine Plan CASPOSO RECOVERED GOLD EQUIVALENT PRODUCTION OUNCES Ounces 140,000 Gold Silver in Gold 120,000 Equivalent 100,000 80,000 60,000 40,000 20,000 - FY2013 FY2014 FY2015 FY2016 FY2017 Financial Year Ending June 30 • Note: Some risk to FY2013 guidance due to delayed delivery of contractor’s jumbo and increased in-pit dilution – will revise guidance early calendar 2013 • Increase to mill capacity in June quarter 2013 should see FY14 and FY15 exceed guidance 12

Casposo Exploration Potential CASPOSO EXPLORATION POTENTIAL Ounces 140,000 120,000 Ongoing exploration aimed at maintaining 100,000 production levels 80,000 60,000 40,000 20,000 - FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 Financial Year Ending 30 June Gold Silver in Gold Equivalent • Note: Some risk to FY2013 guidance due to delayed delivery of contractor’s jumbo and increased in-pit dilution – will revise guidance early calendar 2013 • Increase to mill capacity in June quarter 2013 should see FY14 and FY15 exceed guidance 13

A Track Record Of Adding Ounces CASPOSO RESERVE GROWTH 659,147oz 700,000 Gold and Gold Equivalent (Au/Au_Eq Ounces Au_Eq Ounces (LH) 600,000 79,047oz Au_Eq 574,600 oz (Produced as of 29 Feb 2012) 500,000 506,400 oz 400,000 382,500 oz 300,000 200,000 100,000 ‐ 2009 Reserve 2010 Reserve 2012 Reserve 14

Blue Sky 15

South American Low Sulphidation Epithermal Deposits Total Gold Equivalent Endowment 12.0 10.0 million ounces 8.0 6.0 4.0 2.0 0.0 Note: Gold Equivalent calculated at 1:60 Gold to Silver Ratio

Exploration Model – Pajingo Mine 17

New Resource Area Focused on First 500m of 1.5km Structure 18

Kamila - Julieta Structural Corridor 19

2011 Julieta Drilling Results 20

Castaño Nuevo Target - Argentina 21

Looking Forward Opportunities • Casposo underground production • accessing very high grade • Ongoing exploration at Casposo • exploring under covered areas and the nearby joint ventures • Continue to look for the next opportunity • Relative valuations between producers and explorers moving in the right direction • Troy well positioned: • cash, cash flow and access to debt • capability to build mines at quickly and at low cost Risks • Delay in Casposo underground development • Argentinean cost inflation • Brazilian permitting 22

THANK YOU

Qualifying Statements Au_Eq grade calculated using gold to silver ratio of 1:60. The gold: silver ratio is determined using metal price and recovery factors and determined according to the parameters below: – Au Price US$1500/oz – Ag Price US$28/oz – Au processing recovery 90% – Ag processing recovery 80% – Metal prices approximate three year averages for each of gold and silver. – Processing recoveries were determined from updated metallurgical testwork carried out by independent consultants on diamond drill core from Casposo. The equivalency factor is calculated by the formula: Gold to Silver ratio = (gold price ÷ silver price) x (gold recovery ÷ silver recovery) = (1500 ÷ 28) x (.90 ÷ .80) = 60 Gold equivalency (Au_Eq) is calculated by the formula: Au_Eq g/t = Au g/t + (Ag g/t ÷ 60.00) Information of a scientific or technical nature that which relates to exploration results, Mineral Resources or ore Reserves was prepared under the supervision of Peter J. Doyle, Vice President Exploration and Business Development of Troy, a “qualified person” under National Instrument 43-101 – “Standards of Disclosure for Mineral Projects”, a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Doyle has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration, and to the activity he is undertaking, to qualify as a “competent person” as defined under the Australian JORC Code as per the 2004 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Doyle has reviewed and approved the information contained in this announcement. Mr Doyle is: • Is a full time employee of Troy Resources Limited • Has sufficient experience which is relevant to the type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ • Is a Fellow of the Australasian Institute of Mining and Metallurgy • Has consented in writing to the inclusion of this data For further information regarding the Company’s projects in Brazil, Australia and Argentina, including a description of Troy’s quality assurance program, quality control measures, the geology, sample collection and testing procedures in respect of the Company’s projects please refer to the technical reports filed which are available under the Company’s profile at www.sedar.com or on the company’s website. 24