West Africa’s Next Mid-Tier Gold Producer Earth Resources Conference Hong Kong– June 2011

This Presentation has been prepared by Noble Resources Ltd (ABN 36 124 893 465) (“Noble”) as a summary of the company and its operations and for general information purposes only. This Presentation is not a disclosure document and was prepared exclusively for investors to whom securities can be offered without a disclosure document (pursuant to Section 708 of the Corporations Act) for the sole purpose of providing background information to enable the recipient to review the potential for the provision of equity funding to Noble. By participating in this Presentation or retaining these materials, you acknowledge and represent that you have read, understood and accepted the terms of this Important Notice and Disclaimer.
This Presentation may contain forward looking statements estimates of future earnings, the sensitivity of earnings to gold price and gold recovery rates, future gold production and sales, capital expenditure and estimates of resources and reserves and statements regarding future exploration results and the replacement of reserves (“Projections”). Any such Projections are based on assumptions which may differ materially from the actual circumstances which may arise. Noble undertakes no obligation to update any Projections for events or circumstances that occur subsequent to the date of this Presentation or to keep current any of the information provided. Past performance is no guarantee of future performance. Any estimates or Projections as to events that may occur in the future are based upon the best judgement of Noble and there is no guarantee that any of these estimates or projections will be achieved. Actual results will vary from the projections and such variations may be material. Noble has no obligation to tell recipients if it becomes aware of any inaccuracy in or omission from the information in this Presentation.
This Presentation is not intended to be an offer, invitation, solicitation or recommendation with respect to Noble securities and does not purport to cover all relevant information about any potential investment in Noble. Accordingly potential investors are advised to seek appropriate independent advice, if necessary, to determine the suitability of this investment. Neither the provision of this Presentation nor any information contained in this Presentation or subsequently communicated to any person in connection with this Presentation is, or should be taken as, constituting the giving of investment advice to any person. This Presentation does not contain legal, tax, accounting, investment or financial product advice and should not be used as the basis for making investment or other financial decisions in relation to Noble securities. You should conduct your own investigations, enquiries and analysis and place no reliance on this Presentation in evaluating any potential investment in Noble.
This Presentation (and the information contained herein) is confidential to Noble. This Presentation is not intended for and should not be distributed to any other person. By receipt of the Presentation, the recipient agrees that it will not transmit, reproduce or make available the Presentation (or any information contained herein) to anyone other than its professional advisers without the prior written consent of Noble. Also, this Presentation may contain information which is not “generally available” within the meaning of section 1042C of the Corporations Act 2001 (Cwlth). By participating in this Presentation or retaining these materials, you represent and warrant to Noble that neither you nor your related bodies corporate, officers, directors, employees, advisers or agents will breach Division 3 of Part 7.10 of the Corporations Act (the “insider trading” prohibitions).
This Presentation, including opinions set out in it, is based on information compiled or prepared by Noble from sources believed to be reliable, although no attempt has been made to verify such information. No representation or warranty, express or implied, is made as to the accuracy, currency, reliability, legality or completeness of the information in the Presentation. To the maximum extent permitted by law, none of Noble, its directors, employees, advisors or agents, nor any other person, accepts any liability, including without limitation any liability arising out of fault or negligence, for any loss arising from the use of the information contained in this Presentation. In particular, no representation or warranty, express or implied, is given as to the accuracy, completeness, likelihood of achievement or reasonableness of any forecasts, Projections or prospects referred to in this Presentation. This does not apply to the extent that liability by law cannot be excluded.

as at 17 June 2011

Issued Capital

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Ordinary shares 391.07m Unlisted Options 10.25m

Loyalty Options (exp 21[st] July 11‟ @ 30c) 74.43m Loyalty Options (exp 21[st] July 13‟ @ 35c) 74.43m

Share Price 58¢[(May „11) ] 12 Month High/Low 77¢ / 22.5¢ ~ Market Capitalisation $230m

Directors

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Mr Tunku Naquiyuddin - Non-Executive Chairman Mr Wayne David Norris - Managing Director Mr Brian Thomas - Non-Executive Director Mr Duncan Coutts – Non-Executive Director Mr Anthony Ho - Company Secretary

as at 17 June 2011

Listed on the ASX in June 2008 (ASX: NMG) Cape Three Points (CTP) and Tumentu assets in Ghana Completed acquisition of the Bibiani Gold Mine in July 2010

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Historic gold production of over 4M oz Existing infrastructure and mining fleet 2.7Mtpa CIL Gold Processing Facility 2m oz resource and 605k oz reserves Significant near mine exploration and resource upgrade potential Produced + 200,000 oz pa from 1997 to 2005 (Angolgold Ashanti)

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“Noble will become the next mid tier gold producer in West Africa within the next 6 months”

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Located in Ghana on the world-class Sefwi - Bibiani gold belt World class post code Ahafo - 16m oz Along strike from Chirano – 5m oz Well serviced by infrastructure within close proximity to suppliers and contractors Residential work force

Bibiani Township close to the operations No operational FIFO Well serviced by the Tarkwa School of Mines Pipeline of highly trained and skilled mining professionals

Gold has increased ~55% Since acquisition

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Refurbish and upgrade existing 2.7mtpa gold processing plant Commissioning to commence in Q3 CY2011

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Development of existing open cut mines

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Build sustained production profile of +150,000 ozs Au per annum by 2012 Unlock exploration potential at Bibiani, Cape Three Points and Tumentu Continue to add value to existing portfolio of exploration assets

Conduct gap analysis on Run open pit optimisation SEMS scoping study scenarios block model Cut-off grade study Correct erroneous blocks, Gold price sensitivities SG estimates, waste rock classifications Cost parameters comparison – ownerUpdate block model with operator vs contractor cost the validated drillhole profiles database and new exploration drill data Cost sensitivity analysis Optimised pit shell generation

Detailed open pit cutback design LOM mine sequencing Grade finessing and leveling across LOM Open pit geotechnical review Integration of geotechnical engineering to cut-back design Issue final cutback design

Detailed LOM plan and schedules – ore, waste, and selective grade blend selection

Infrastructure relocation milestones

Fleet requirements and schedules Mill feed strategy solutions Feedback loop to cut-back design

„Ready to mine‟ plan and LOM schedule

LOM schedule feed into LOM financial model, NPV analysis and sensitivities

EPA

Mining including

Open Pit and underground

Waste dump Tailings Dam

Water permits

Explosives licenses

LOM detailed scheduling to determine recommended mining fleet detail Fleet selection analysis

Owner operator vs contractor mining study

Workshop relocation works Township relocation works Road diversion works

Camp housing relocation works

EMP and/or EIS to incorporate new LOM plan and schedule

Water usage and explosive magazine requirements and locations to be determined

Tailings dam design and construction approval

Waste dump design and location to be determined

Equipment lead-time schedule analysis

Net present cost evalutaion of proposed fleet

Procurement process

Permitting process

Integrate infrastructure planning into detailed LOM schedule

Optimise open pit cut-back schedule around works requirements and timing Infrastructure relocation cost analysis

Net present cost evaluation and project formulation

Exploration

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105.6km² tenement package hosts high priority exploration targets outside current resource model

Purchased 2 new track mounted multi purpose exploration drill rigs, 2 further rigs on order bring drilling capacity to 5 rigs by July „11

Initial focus on Open Cut potential and evolving mine plan

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Underground drilling commenced into the base of planned cut back to the Main pit Extend Main, Walsh, Strauss, Ahemen, Grasshopper and Russell pits – Results to date include:

1m @ 84.15g/t Au

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17m @ 17.42g/t Au – including 6m @ 45.46g/t Au

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33m @ 4.98g/t Au – including 7m @ 13.11g/t Au

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5m @ 6.24g/t Au

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7m @ 2.24g/t Au

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21m @ 1.26g/t – including 3m @ 2.75g/t Au

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Bibiani: The Pick of the Post Codes

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Significant exploration portfolio at Cape Three Points

Satin and Morrison prospects demonstrate potential for significant new gold discoveries:

4m @ 16.91 g/t Au 1m @ 40.06 g/t Au 19m @ 2.67g/t Au (incl 2m @18.65 g/t Au) 1m @ 21.3 g/t Au 17m @ 2.10 g/t Au (incl 2m @ 7.36 g/t Au) Satin North hosts a 3.2km mineralised structure with minimal drilling despite significant artisanal gold mining Parallel Morrison Trend now delineated over 2km via recent soil sampling - drilling to commence shortly.

A resource of 1.98moz ……