Alkane Resources - Investor Presentation 2012

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R ESOURCES L TD
ABN 3 5 0 0 0 6 8 9 2 1 6
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19 July 2012

Manager Announcements ASX Market Announcements ASX Limited 20 Bridge Street Sydney NSW 2000

Dear Sir,

PRESENTATION

Attached is a copy of a presentation being made to the Australian Uranium and Rare Earth Conference in Fremantle.

A copy of this presentation will also be available on the Company’s website www.alkane.com.au.

Yours faithfully,

for ALKANE RESOURCES LTD

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D I Chalmers Managing Director

65 Burswood Road, Burswood WA 6100, AUSTRALIA (PO Box 4384, Victoria Park WA 6979, AUSTRALIA) Telephone: +61 8 9227 5677 Facsimile: 61 8 9227 8178 www.alkane.com.au [email protected]

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DUBBO ZIRCONIA PROJECT NSW Australia

An advanced strategic and alternate supply for the zirconium, niobium and rare earths industries 19 July 2012 Australian Uranium and Rare Earth Conference , Fremantle

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Equity & Ownership
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Equity Ownership � Shares – 372,231,500 � Opt ons –i 4 000 000, , Domestic � Market Capitalisation – A$350M Hedge Funds, 8% Institutions, 23% � Cash – A$105M (30 April 2012) Retail and others, 32% Institutions, 12%Foreign Directors and
� Debt – nil management, 27%
� Share turnover – ~1.0M / day current � 12 Month Low/High – A$0.74/$2.16 � Top 20 – 58% As at 30 April 2011 � Codes – ALK (ASX) Major Shareholder: Abbotsleigh (Gandel Metals) – 25% – ANLKY (OTCQX ) Fidelity Investments – 5% Source: ASX 2

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Location and Business Strategy

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Location

Multi commodity explorer and miner – focussed in the Central West of New South Wales, Australia Region with substantial existing infrastructure.
� Dubbo Zirconia Project – world class resource of zirconium, hafnium, niobium, tantalum, yttrium and rare earths.

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Peak Hill Gold mine – gold production from 1996 ‐ 2005. Site substantially rehabilitated.
Tomingley Gold project – new gold development p annel d t o commence 2013 b ased upon 812 000, oz resource.
McPhillamys Gold project – major gold discovery (~3 million oz). Joint Venture with Newmont .

Central West Region

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Develop multiple operations over next five years – within tight geographic area. New discoveries at Cudal (Au‐Zn) , Bodangora (Au‐Cu) and Galwadgere (Cu‐Au).

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Rare Metals – Rare Earths

China produces 90% of world downstream zirconium chemicals
China currently produces 95% of world REE output
China is limiting the export of raw rare earths materials
Brazil produces 90% of world niobium

Rare Metals ‐ Rare Earths

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Rare metals Light rare earths Middle Heavy rare earths

� Green technology is dependent on rare metals and rare earths � Increased demand also driven by changes in legislation � China has dominant position

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…not so rare, but increasingly valuable

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DZP Location & Infrastructure

	DZP Location & Infrastructure	DZP Location & Infrastructure	DZP Location & Infrastructure

		Infrastructure � Population– 80,000 Dubbo regional
		� Rail– railway hub � Road– major highways intersection/hub � Water– numerous sources
		� Electricity NSW State power grid – � Gas– NSW State gas grid � Industrial– substantial light industry � Agriculture– major agricultural hub
		� Process chemicals available from multiple sources in eastern Australia � Limestone available at Geurie



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Regional Geology

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Regional Geology
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Geology
0 200
metres Jurassic aged trachyte intrusive or
lava flow
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Geology section
East-west cross section through centre of deposit
Recent Grits
SEDIMENTS
Basalt Dykes
TRACHYTE
SEDIMENTS
Siliceous Contact
Niobium Zirconium Zone
Horizontal Scale
0 100 m
Rare earth grade identical distribution
as the zirconium and niobium
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Resources & Reserves

Resources & Reserves – open at depth
Life – +20 years but can support longer life and higher production rates
Major world resource ‐ zirconium, hafnium, niobium, tantalum, yttrium & rare earth elements

Resources	Depth (m)	Tonnes (Mt)	Grade
Measured	0-55	35.7	1.94% Zr02, 0.04%HfO2, 0.46% Nb2O5, 0.03% Ta2O5, 0.14% Y2O3, 0.74% REO (0.9% TREO)
Inferred	55-100	37.5	As above
Total	0-100	73.2	As above
Reserves
Proven	0-26	8.1	1.93% Zr02, 0.04%HfO2, 0.46% Nb2O5, 0.03% Ta2O5, 0.14% Y2O3, 0.75% REO (0.9% TREO)
Probable	26-45	27 9 .	As above
Total	0-45	35.9	As above

The deposit contains about 100ppm uranium and 350ppm thorium, and would be classified as weakly radioactive
The deposit contains about 25% high value heavy rare earths

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Process Flow Sheet
Processing
� Demonstration Pilot Plant – established 2008
� ANSTO – Aust. Nuclear Science & Tech. Org.
� Process – unique & advanced
� –
Optimization ongoing
� Sulphuric acid leach whole of ore
� Solvent extraction, separation
& refining
� Chemical precipitation
� Zirconium products
� Niobium products
� Heavy RE product
� Light RE product
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Demonstration Pilot Plant
Operating at ANSTO since 2008 11
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Product Output

1 million tonnes pa of ore processed

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Anticipated Production
1,000,000 tonnes per annum
Product
Output % World
ZBS, ZOH, ZOC, ZrO2 15,700tpa ~10%
Nb -Ta conc / Ferro-Niobium 3,005tpa ~3%
LREE concentrate 3,050tpa ~2%
YHREE concentrate 1,120tpa ~8%
TOTALS 22,875tpa
Tonnage based upon recoveries developed from mass balances of the demonstration pilot plant, and revenues based upon flat long term pricing and an exchange
rate of A$:US$ of 0.85. Numbers are rounded. Product prices predicted Q2 2011 averages or as determined by specific industry consultants
� ZBS = zirconium basic sulphate; ZOH = zirconium hydroxide; ZOC = zirconium oxychloride Equivalent ~99% ZrO2 + HfO2
� Nb-Ta conc / FeNb = ~70% Nb2O5 + Ta2O5 calcined basis � LREE = La, Ce, Nd, Pr � YHREE = Y, Gd, Dy, Tb
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Zirconium

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Zirconium Pricing
Zirconium Price Trends
12000
10000
8000
6000
US$/T
4000
2000
0
4Q 2009 1Q 2010 2Q 2010 3Q 2010 4Q 2010 1Q 2011 2Q 2011 3Q 2011 4Q 2011 1Q 2012 2Q 2012
Zircon 65% ZrO2 Fused Zirconia 99.0% ZrO2 Chemical Zirconia 99.5% ZrO2 ZOC 36.0% ZrO2
Source: TCMS
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Niobium

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Niobium Demand and Price
Niobium 2010
(Ferroniobium units)
Consumption ~85,000t
90% sourced from Brazil
Estimate for 2012
~100,000t
Sources: IAMGOLD / TZMI
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Rare Earth Elements

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Rare Earth Element Prices
DZP LREE US$/kg
$180
$ 160
$140
$120
$100
US$/kg
$80
$60
$40
$20
$‐
2Q 2010 4Q 2010 2Q 2011 4Q 2011 1Q 2012 2Q 2012
DZP LREE DZP LREE Concentrate DZP DFS LREE Concentrate
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These prices are for individual separated rare earth oxides at 99% purity, and the actual value for DZP concentrates will depend on market acceptance of the concentrate, but for this table 70% of the value has been assumed. The prices quoted above are averaged for the full quarter.

Source: IMCOA and Metal-Pages

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Rare Earth Element Prices
DZP YHREE US$/kg
$350
$300
$250
$200
US$/kg
$150
$100
$50
$‐
2Q 2010 4Q 2010 2Q 2011 4Q 2011 1Q 2012 2Q 2012
DZP YHREE DZP YHREE Concentrate DZP DFS YHREE Concentrate
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Source: IMCOA and Metal-Pages

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DZP Marketing

Off‐take

ZIRCONIUM ~35% revenue – 100% under three separate MOUs 2011. One major zirconium company
NIOBIUM ~20% revenue – 100% under MOU 2011. Major European metal alloy company
RARE EARTHS ~45% revenue ‐ recently completed MOU with Shin‐Etsu Chemical which will enable a suite of high purity separated rare earth oxides to be produced and sold. Shin‐Etsu major non‐Chinese RE company, market cap of US$25B
Throughput – there are five MOU’s which virtually guarantee production at 1Mtpa
Revenue update in progress

Other opportunities

Primary filter cake contains ~ 200ppm Ta2O5. At 1Mtpa this equates to about 200tpa (>400,000lbs pa ). A program has commenced to review recovery of this valuable Ta2O5 product
There are no plans to produce uranium even if the NSW Government changes the “no‐uranium” policy

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DZP DFS Financials

	DZP DFS Financials	DZP DFS Financials	DZP DFS Financials
	Definitive Feasibility Study September 2011 � Base case – 0.4Mtpa (superseded)	DUBBO ZIRCONIA PROJECT Financial Summary (A$)
	C 1 0M (b ) � urrent case – . tpa ase case � CAPEX – $893M ($751M pre‐contingency) � EBITDA – $308Mpa � IRR – 30%	Capex – Plant1 $278M $543M Infrastructure + Owners $84M $165M SUB TOTAL $362M $708M
	� NPV – $1,207M � Mine Life – initial 20 years; overall much greater	EPCM $36M $43M Contingency $72M $142M TOTAL $470M $893M
		Revenue $189M $504M Operating Costs $97M $196M EBITDA2 $92M $308M IRR3 16.8% 30.2%
		NPV4 $181M $1,207M 1. Includes acid plant 2. Annual average after ramp up 3. 20 year life pre-tax 4 20 ear life after-tax
		. y
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DZP Site Infrastructure
Solid residue
SRSF
storage facility
Liquid residue
LRSF
storage facility
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DZP Plant Layout
Zirconium and niobium
Sulphuric acid plant recovery
Office and workshops
R oas ti ng an d l eac hi ng
Rare earth recovery and refining
Solvent extraction
Crushing and grinding
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Environmental Impact
Environmental Impact Statement – key areas of focus
� Existing land use (agriculture)
� Soc o‐econom ci i
� Air quality
� Noise and vibration
� Surface and ground water
� Soil stability
� Flora and fauna
� Biodiversity
� Visibility
� Rail freight movements
� Road traffic
� Aboriginal and European heritage
� Natural radioactivity
� EIS scheduled to be lodged
with NSW Dept of Planning
and Infrastructure in October
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NORM Radiation Doses
N aturally O ccurring R adioactive M aterials
20.0mSv
(NORM) are in the ground, food and air Annual dose limit for radiation workers
1.5-2mSv Average Australian natural 6.9mSv CT Scan
background radiation annual dose
(per adult)
0.6-1.1mSv radon
1 0mSv.
Annual dose limit recommended for
0.3mSv terrestrial general public (non-natural sources)
0.3mSv cosmic radiation
0.6mSv Stomach x-ray
0.2 - 0.25mSv food
0.1mSv
0.06mSv ~24hours at Toongi Deposit
0.05mSv Return flight Perth to Brisbane
0.05mSv Chest x-ray
0.01mSv
0.005 - 0.01mSv ~24hours at Western Plains Zoo 0.01mSv Dental x-ray
A Sievert is a unit of effective dose of radiation
Millisievert = mSv
25
Sources:
http://www.arpansa.gov.au/Publications/codes/rps9.cfm http://www.arpansa.gov.au/radiationprotection/factsheets/is_cosmic.cfm
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DZP Process “NORM”

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NORM Management

Does NOT produce a mineral concentrate.
• Does NOT concentrate the uranium & thorium at the front end.
• All wastes are contained within the project site.
• Waste products are neutralised with limestone.
• Stored in the residue storage facilities at less concentration than in the primary deposit.
• The deportment and concentration of NORM within the process streams is an important consideration.
• Currently being audited by ANSTO.

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the process streams is an
important consideration.
• Currently being audited by
ANSTO.
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DZP Development pathway

DZP Development pathway	DZP Development pathway	DZP Development pathway	DZP Development pathway	DZP Development pathway	DZP Development pathway	DZP Development pathway	DZP Development pathway	DZP Development pathway	DZP Development pathway	DZP Development pathway	DZP Development pathway	DZP Development pathway	DZP Development pathway	DZP Development pathway	DZP Development pathway	DZP Development pathway	DZP Development pathway	DZP Development pathway

		‐> 2009 2010 2011 2012 2013 2014 2015 ~~�~~
		‐> 2009	2010		2011			2012	2013				2014				2015
DZP	Resource definition 2001 ‐ 2002	~~�~~
	Flow sheet development 2002	�
	Laboratory Zr – Nb 1999 – 2002	�									Con	tin	ue	d p	ro	duc	t
	Pilot plant Zr – Nb 2002	�										~~dev~~	~~elo~~	~~pm~~	~~en~~	~~t~~
	Mine Plan & Scheduling 2002	�
	Plant Design & Engineering 2002	�
	Laboratory Y & REE 2009 ‐	�		�
	Demonstration Pilot Plant 2008 ‐
	ZNbPdDiibi	�
	r – rouct struton
	Y ‐ REE Product Distribution					~~�~~	�
	Secure Offtake Agreements											~~D~~	~~ta~~	~~il c~~	~~os~~	~~s f~~	~~or~~
	Definitive Feasibility Study	2002										ex	pa	nd	ed	de	velop	ment
	Environmental Impact (EIS)	2000 ‐>
	Detailed Design
	Financing / Development Consent
	Construction									?

	Production															?

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The DZP Team

Alkane – Australian Zirconia Limited

General Manager NSW: Michael Sutherland Chief Geologist: Terry Ransted Commercial Manager: Tony Wright Marketing: Alister MacDonald / Dudley Kingsnorth

Feasibility Study

TZ Minerals International Pty Ltd: Gavin Diener, Steve Gilman, Pedro Liberal, Dereck Becker Engineering: EPMS and Mintrex Transport and Logistics: Bob Shepherd; CR Rail

ANSTO Minerals Group ‐ DPP Operations: Adrian Manis, Peter Fletcher, Prakash Rajalingam SX: Karin Soldenoff, Chris Griffiths Bob Ring – General Manager

Environment

R W Corkery & Co Pty Ltd: Alex Irwin Specialist Consultants

Ian Chalmers Managing Director Natalie Chapman Corporate Communications Manager

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Disclaimer

This presentation contains certain forward looking statements and forecasts, including possible or assumed reserves and resources, production levels and rates, costs, prices, future performance or potential growth of Alkane Resources Ltd, industry growth or other trend projections. Such statements are not a guarantee of future performance and involve unknown risks and uncertainties, as well as other factors which are beyond the control of Alkane Resources Ltd. Actual results and developments may differ materially from those expressed of implied by these forward looking statements depending on a variety of factors. Nothing in this presentation should be construed as either an offer to sell or a solicitation of an offer to buy or sell securities.

This document has been prepared in accordance with the requirements of Australian securities laws, which may differ from the requirements of United States and other country securities laws. Unless otherwise indicated, all ore reserve and mineral resource estimates included or incorporated by reference in this document have been, and will be, prepared in accordance with the JORC classification system of the Australasian Institute of Mining, and Metallurgy and Australian Institute of Geosciences.

Competent Person

The information in this presentation that relates to mineral exploration, mineral resources and ore reserves is based on information compiled by Mr D I Chalmers, FAusIMM, FAIG, (director of the Company) has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Ian Chalmers consents to the inclusion in the presentation of the matters based on his information in the form and context in which it appears.

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Resource & Reserves: Dubbo + Galwadgere

Dubbo Zirconia Project – Mineral Resources

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||||||||||
|---|---|---|---|---|---|---|---|---|
|Toongi|Tonnage|ZrO2|HfO2|Nb2O5|Ta2O5|Y2O3|REO|U3O8|
|Deposit|(Mt)|(%)|(%)|(%)|(%)|(%)|(%)|(%)|
|Measured|35.70|1.96|0.04|0.46|0.03|0.14|0.75|0.014|
|Inferred|37.50|1.96|0.04|0.46|0.03|0.14|0.75|0.014|
|Total|73.20|1.96|0.04|0.46|0.03|0.14|0.75|0.014|

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These Mineral Resources are based upon information compiled by Mr Terry Ransted MAusIMM (Principal, Multi Metal Consultants Pty Ltd) who is a competent person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Terry Ransted consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. The full details of methodology were given in the 2004 Annual Report.

Dubbo Zirconia Project – Ore Reserves

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|---|---|---|---|---|---|---|---|
|Toongi|Tonnage|ZrO2|HfO2|Nb2O5|Ta2O5|Y2O3|REO|
|Deposit|(Mt)|(%)|(%)|(%)|(%)|(%)|(%)|
|Proved|8.07|1.91|0.04|0.46|0.03|0.14|0.75|
|Probable|27.86|1.93|0.04|0.46|0.03|0.14|0.74|
|Total|35.93|1.93|0.04|0.46|0.03|0.14|0.74|

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These O re Reserves are based upon in ormation compiled by Mr Terry Ransted MAusIMM f ( Alkane C hie f G eologist ) who is a competent person as de ined in the f 200 4 Edition o f the Australasian C ode f or Reporting o f Exploration Results, Mineral Resources and Ore Reserves. The reserves were calculated at a1.5% combined ZrO2+Nb2O5+Y2O3+REO cut off using costs and revenues defined in the notes in ASX Announcement of16 November 2011. Terry Ransted consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Wellington – Galwadgere – Mineral Resources

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|---|---|---|---|---|---|---|
|DEPOSIT|MEASURED|INDICATED|
|0 5% Cu cut off.|Tonnage|Grade|Grade|Tonnage|Grade|Grade|
|(t)|(% Cu)|(g/t)|(t)|(% Cu)|(g/t)|
|Galwadgere|-|-|2,090,000|0.99|0.3|

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Resource & Reserves: Tomingley + Peak Hill

Tomingley (TGP) – Mineral Resources

DEPOSIT MEASURED INDICATED INFERRED	TOTAL
Top Cut Tonnage Grade Tonnage Grade Tonnage Grade Tonnage 2.5x2.5x5.0m model (t) (g/t) (t) (g/t) (t) (g/t) (t)	Grade Gold (g/t) (koz)
Wyoming One 2,316,550 2.2 890,340 2.2 3,117,350 1.7 6,324,240	1.9 392.4
Wyoming Three 642,470 2.0 63,225 2.0 102,820 1.3 808,510	1.9 49.9
Caloma 2,690,530 2.3 567,860 2.1 2,194,490 1.9 5,452,870	2.1 369.4
Total 5,649,550 2.2 1,521,420 2.1 5,414,660 1.8 12,585,630	2.0 811.7

These Mineral Resources are based upon information compiled by Mr Richard Lewis MAusIMM (Lewis Mineral Resource Consultng Pty Ltd) who is a competent person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Richard Lewis consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. The full details of methodology are given in the ASX Reports dated 25 March 2009, 2 October 2010 and 29 March 2012.

Tomingley (TGP) – Ore Reserves

DEPOSIT	PROVED	PROBABLE	TOTAL
	Tonnage Grade	Tonnage Grade	Tonnage Grade Ounces
	(t) (g/t)	(t) (g/t)	(t) (g/t)
Wyoming One	1,700,000 1.6	200,000 1.3	1,900,000 1.6 94,500
Wyoming Three	500,000 1.6	0 0.0	500,000 1.6 28,100

Caloma	1 100 000 2 3 , , .	100 000 1 7 , .	1 200 000 2 2 86 500 , , . ,
Total	3,300,000 1.8	300,000 1.5	3,600,000 1.8 209,100

These Ore Reserves are based upon information compiled under the guidance of Mr Dean Basile MAusIMM (Mining One Pty Ltd) who is a competent person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. The Reserves and Resources are estimated at an effective A$1,540 per ounce gold price. Dean Basile consents to the inclusion in the report of the matters based on the information in the form and context in which it appears.

Peak Hill – Mineral Resources

DEPOSIT 0.5g/t gold cut off	MEASURED Tonnage Grade (t) (g/t)	INDICATED Tonnage Grade (t) (g/t)	INFERRED Tonnage Grade (t) (g/t)	TOTAL Tonnage Grade k Ounces (t) (g/t)
Proprietary		9,440,000 1.35	1,830,000 0.98	11,270,000 1.29 467.4
3.0g/t gold cut off	Tonnage Grade (t) (g/t)	Tonnage Grade (t) (g/t)	Tonnage Grade (t) (g/t)	Tonnage Grade k Ounces (t) (g/t)
Proprietary P			810,000 4.40	810,000 4.40 114.6

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McPhillamys Resource Statement

Moorilda – McPhillamys – Mineral Resources

DEPOSIT	INDICATED	INFERRED	TOTAL	TOTAL
McPhillamys	Tonnage Grade Grade	Tonnage Grade Grade	Tonnage Grade Grade k Ounces		tonnes
0.3g/t Au cut-off	(t) (g/t) % Cu	(t) (g/t) % Cu	(t) (g/t) % Cu gold		copper
I O Z nner re one	51 650 000 1 10 0 07	23 504 000 1 19 0 07	75 154 000 1 13 0 07	2 723 6	55 091
Outer Ore Envelope	, , . . 9,624,000 0.44 0.04	, , . . 7,167,000 0.43 0.03	, , . . 16,791,000 0.43 0.03	, . 234.7	, 5,729
Total	61,274,000 0.99 0.07	30,671,000 1.01 0.06	91,945,000 1.00 0.07	2,958.3	60,820

DEPOSIT	INDICATED	INFERRED	TOTAL	TOTAL
McPhillamys	Tonnage Grade Grade	Tonnage Grade Grade	Tonnage Grade Grade	k Ounces	tonnes
0.5g/t Au cut-off	(t) (g/t) % Cu	(t) (g/t) % Cu	(t) (g/t) % Cu	gold	copper
Inner Ore Zone	41,260,000 1.27 0.08	16,097,000 1.57 0.09	57,357,000 1.36 0.08	2,499.9	46,933
Outer Ore Envelope	2,169,000 0.69 0.03	1,338,000 0.62 0.03	3,507,000 0.66 0.03	74.6	1,170
Total	43,429,000 1.24 0.08	17,435,000 1.50 0.08	60,864,000 1.32 0.08	2,574.5	48,104

These Mineral Resources are based upon information compiled by Mr Richard Lewis MAusIMM (Lewis Mineral Resource Consulting Pty Ltd) who is a competent person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results , Mineral Resources and Ore Reserves . Richard Lewis consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. The full details of methodology were given in the ASX Announcement 5 July 2010. Totals may not tally due to rounding.0

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AI assistant

Alkane Resources — Investor Presentation 2012

48579_rns_2012-07-18_3d26ea36-1741-4753-ae2a-800fa437a553.pdf

PRESENTATION

for ALKANE RESOURCES LTD

Location and Business Strategy

Location

Central West Region

Rare Metals – Rare Earths

Rare Metals ‐ Rare Earths

…not so rare, but increasingly valuable

DZP Location & Infrastructure

Regional Geology

Resources & Reserves

Resources & Reserves

Product Output

1 million tonnes pa of ore processed

DZP Marketing

Off‐take

Other opportunities

DZP DFS Financials

DZP Process “NORM”

NORM Management

DZP Development pathway

The DZP Team

Alkane – Australian Zirconia Limited

Feasibility Study

Environment

Ian Chalmers Managing Director Natalie Chapman Corporate Communications Manager

Disclaimer

Disclaimer

Competent Person

Resource & Reserves: Dubbo + Galwadgere

Dubbo Zirconia Project – Mineral Resources

Dubbo Zirconia Project – Ore Reserves

Wellington – Galwadgere – Mineral Resources

Resource & Reserves: Tomingley + Peak Hill

Tomingley (TGP) – Mineral Resources

Tomingley (TGP) – Ore Reserves

Peak Hill – Mineral Resources

McPhillamys Resource Statement

Moorilda – McPhillamys – Mineral Resources

More from Alkane Resources

Alkane Resources Investor Presentation 2012