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ARIKA RESOURCES LIMITED AGM Information 2013

Nov 27, 2013

64420_rns_2013-11-27_c4f3bec2-15d8-456c-9076-0b0b3c5e8854.pdf

AGM Information

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Level 9 575 Bourke Street Melbourne VIC 3000 Phone: +61 3 9606 3888 | Fax: +61 8 9606 3800

ASX ANNOUNCEMENT

For Immediate Release

ASX Code: PLD 28 November 2013

Chairman’s Address

The Chairman of PLD Corporation Limited (ASX: PLD), Mr Andrew Daley made the following address to the Annual General Meeting of Shareholders today.

The year of 2013 has been a particularly challenging one for junior companies in Australia. Marked primarily by uncertainty regarding global economic growth, this has in turn led to difficult capital market conditions and a lack of investor activity particularly in the emerging market sector.

Given this general subdued economic climate and in the line with previously stated strategy, over the last year, a review has been undertaken of the Company’s business and assets. This has included investigating the viability of re-launching the Company’s previous products in the healthcare sector. The conclusions from these investigations highlighted the fact that the Company needs to pursue its future activities in new areas. That in turn has led to the continuing evaluation of new investment opportunities in both the Healthcare and the Resources sectors.

As a direct result, the Company announced in September this year that it had entered into an Option Agreement to acquire the Rocky Gully Nickel Copper Project located in the Albany Fraser Belt, Western Australia. The Project is considered analogous to the recent discovery by Sirius Resources NL (ASX:SIR) of the Nova-Bollinger Nickel-Copper Deposit, within the same geological belt. The Nova-Bollinger Nickel-Copper Deposit is considered one of the most significant mineral discoveries of recent times in Australia, and Sirius Resources’ share price has performed very well as a result.

Work programs at the Rocky Gully Nickel Copper Project have successfully defined numerous EM and Magnetic targets. Field exploration is underway to refine these targets for a potential drilling program to test for Nickel Copper deposits. The Company has also lodged an application for a Co-funded Drilling Grant with the West Australian Department of Mines and Petroleum, for up to $150,00.

Concurrent with finalising this Option Agreement the Company completed a capital raising of $735,000. This was made up of a share placement of 75,000,000 shares at the price of .8c to raise $600,000 to new sophisticated investors and a Share Purchase Plan placing 16,875,000 shares at the price of .8c to raise $135,000 to existing investors.

Together with the Company’s cash reserves, these financing activities have provided the Company with sufficient working capital to evaluate the Rocky Gully Nickel Copper Project whilst still allowing it to pursue new opportunities in the Healthcare and Resources sector.

Level 9 575 Bourke Street Melbourne VIC 3000 Phone: +61 3 9606 3888 | Fax: +61 8 9606 3800

As part of the process of regenerating the Company’s business activities, the Board of the Company has also been refreshed this year. I was appointed Non-Executive Chairman and Chris Bain was appointed a Non-Executive Director in August this year. I am a Mining Engineer and ex Investment Banker with over 40 years’ experience in the Resources and Finance sectors and Chris Bain is a Geologist and Mineral Economist with over 30 years’ experience in the Resources sector

The Company is also fortunate to have secured the services of Matt Gauci as its Managing Director. Matt has more than 15 years’ experience in the mining industry and has successfully financed and managed private and public mining exploration companies in Australia, Africa and South America.

Looking forward to the next 12 months, the Board and Senior Management recognise that the current difficult market conditions are likely to continue for a while. The outlook for capital market conditions in Australia in the Healthcare and Resources sectors remains mixed and new attractive opportunities for the Company will be difficult to find. Having said that, Matt and his team are continuing to pursue a number of potential opportunities that have already been identified. I am confident that over the next year the Company will be successful in acquiring a significant investment that will enable the business to grow substantially in coming years.

In the meantime the Company will need to maintain a prudent approach to its capital expenditure program and recognises the need to keep close control of administration and working capital costs, so that its available funds can be directed to pursuing growth opportunities.

In closing I would like to thank the Board, Management, contractors and advisors for the dedication and support during a very challenging 2013. In particular, I would like to acknowledge the efforts and contribution of our Managing Director who continues to lead the evaluation of new opportunities.

Finally, on behalf of my fellow directors I would like to take this opportunity to thank the shareholders for their support during 2013.

Andrew Daley

Non-Executive Chairman PLD Corporation Limited 28 November 2013

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For More Information:

Matthew Gauci Managing Director +61 417 417 907

David Waterhouse Investor Relations +61 407 880 937

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AGM Presentation November 2013

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Matthew Gauci BSc. MBA Managing Director

Important Information

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Disclaimer and Forward Looking Statement

This presentation is not a prospectus nor an offer of securities for subscription or sale in any jurisdiction nor a securities recommendation.The information in this presentation is an overview and does not contain all information necessary for investment decisions. In making investment decisions, investors should rely on their own examination of PLD Corporation Limited and consult with their own legal, tax, business and/or financial advisers in connection with any acquisition of securities. The information contained in this presentation has been prepared in good faith by PLD Corporation Limited. However, no representation or warranty, express or implied, is made as to the completeness or adequacy of any statements, estimates, opinions or other information contained in this presentation.To the maximum extent permitted by law, PLD Corporation Limited, its directors, officers, employees and agents disclaim liability for any loss or damage which may be suffered by any person through the use of, or reliance on, anything contained in or omitted from this presentation. Certain information in this presentation refers to the intentions of PLD Corporation Limited, but these are not intended to be forecasts, forward looking statements, or statements about future matters for the purposes of the Corporations Act (Cth, Australia) or any other applicable law. The occurrence of events in the future are subject to risks, uncertainties and other factors that may cause PLD Corporation Limited’s actual results, performance or achievements to differ from those referred to in this presentation to occur as contemplated. The presentation contains only a synopsis of more detailed information to be published in relation to the matters described in this document and accordingly no reliance may be placed for any purpose whatsoever on the sufficiency or completeness of such information and to do so could potentially expose you to a significant risk of losing all of the property invested by you or incurring by you of additional liability. Recipients of this presentation should conduct their own investigation, evaluation and analysis of the business, data and property described in this document. In particular, any estimates or projections or opinions contained herein necessarily involve significant elements of subjective judgment, analysis and assumptions and you should satisfy yourself in relation to such matters.

Competent Person Statement

The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the ‘JORC Code’) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The Information contained in this announcement has been presented in accordance with the JORC Code and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code. Information in this report relating to Exploration results is based on information compiled by Dr Louis Bucci who is a Member of the Australian Institute of Geoscientists and a Principal Consultant with SRK Consulting (SRK). SRK are acting as independent technical consultants to the Company. Dr Bucci 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 a Competent Person as defined by the 2004 Edition of the Australasian Code for reporting of Exploration Results, Mineral Resources and Ore Reserves. Dr Bucci consents to the inclusion of the data in the form and context in which it appears.

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Company Overview

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  • PLD Corporation (ASX:PLD) is an emerging company with a focus on pursuing new growth opportunities in both the Healthcare and the Resources sector.

  • During the year, management focused on establishing the foundations of the Company, and completed the following significant milestones:

  • Appointed an experienced board and management team in the Resources sector

  • Signed an Option Agreement to acquire the Rocky Gully Ni-Cu Project, in the Albany Fraser Belt, one of the worlds most exciting mineral exploration terrains

  • Completed a capital raising to new and existing investors in the resources sector to fund Exploration and Business Development

  • Commenced exploration at the Rocky Gully Ni-Cu Project, including desktop and field based exploration to where numerous EM and Magnetic targets are being refined for a potential drilling program

  • Commenced detailed evaluation of additional Resource project opportunities in the

  • Albany Fraser Belt and elsewhere

3

Corporate Overview

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Fully Paid Shares on Issue 406m ASX Code PLD
Unlisted Options on Issue 92m1 Listed (re) Feb 2012
Share Price 0.8c2 Office 575 Bourke St, Melbourne, VIC
Cash Position $0.75m Registry Computershare

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Share Price Performance V Small Caps

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  1. Option exercise price at 1c, 2c, 4c, 6c 2. Last traded share price

4

Management Overview

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  • Chairman: Mr Andrew Daley (BSc Hons FAusIMM) is a Mining Engineer and Investment Banker. He has over 40 years experience in resources having worked with Rio Tinto, Anglo American and Barclays Capital in London. Mr Daley was a Director of Investor Resources Finance Pty Limited (“IRF”) and is currently Non-Executive Chairman of KGL Resources Limited (ASX:KGL).

  • Managing Director: Matthew Gauci (BSc. MBA. MAusIMM) is a Mining Executive with over 15 years experience in resources having successfully financed and managed several private and public mining exploration companies operating in Australia, Africa and the America’s in commodities copper, gold, uranium and iron ore.

  • Director: Mr Chris Bain (B App Sc and Dip GeoSc MAusIMM) is a Geologist and Mineral Economist. He has over 30 years experience in resources having worked with MIM Holdings and Phillip Capital. Mr Bain was a Director of Investor Resources Finance Pty Limited (“IRF”), and is currently Non-Executive Chairman of Dart Mining Limited (ASX:DTM).

  • Technical Advisors; Dr Louis Bucci BAppSc. PhD.: Dr Bucci Louis Bucci has over 15 years’ international commercial and academic work experience in gold and base metals. Louis has extensive experience in geological due diligence, fatal flaw and project analysis, specifically for the provision of Competent Person’s Reports for global financial institutions and security exchanges, and for input to feasibility study level projects.

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Albany Fraser Belt

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Albany Fraser Belt – Endowment and Maturity

  • Albany Fraser Belt extends over ~1000km, is considered immature, with low current endowment of Ni-Cu metal, given unexplored / ineffectively explored in the past

  • Albany Fraser Belt now hosts 1 significant Ni-Cu deposit (Nova-Bollinger), which occurs within the Fraser Range district of the emerging Albany Fraser Belt, WA

  • Albany Fraser Belt has potential for other districts (as seen in Canada) which usually occur as clusters of deposits; ie Rocky Gully

  • Target Deposits are large tonnage, high grade, low operating cost , capital efficient, long life world class mineral deposits ie. Nova

  • Large tenement holdings (~1200km[2] ) with indications of Ni-Cu-Co sulphides are considered high in market value even for early stage exploration ie. Rocky Gully

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Tropicana
Discovery
Albany Nova Nova
Fraser Belt DiscoveryDiscovery
PLD Rocky Gully
Exploration ProjectPLD Rocky Gully
Exploration Project
Currently only One (1) “district” in the same “terrain”
Fraser Range hosts 1 new deposit
Albany Fraser has potential to host other “districts” ie. Rocky Gully
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Development Cycle & Value

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ASX Listed Albany Fraser Focused Nickel Copper & Gold Co. growth profile
Year 3+
Share
Price
IGO
Year 2-3
SIR
Year 1-2
MAT
ENT
PLD
Time
Exploration Phase Feasibility Phase Production Phase
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Terrain Explorers & Value

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Enterprise Value (EV)[1] of exploration companies in the Albany Fraser Ni-Cu Belt

Comparable companies with exploration projects at a similar stage of exploration ie. Ultramafic lithologies, Ni-Cu soil anomalies, Magnetic targets, EM Conductors, and current or historical Nickel-Copper mineralisation, have an EV of ~$10m

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Enterprise Value of Albany Fraser Focussed ASX Listed Company’sAlbany Fraser Explorers [2]
A$M
$600,000,000 $60,000,000
$50,000,000
$40,000,000
$30,000,000
$20,000,000
$10,000,000
$-
SIR SFX MAT ORN ENT CLZ BOD RMR PLD LTX
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1 indicative only, some companies have assets outside of the Albany Fraser Belt 2 data from public domain as of 27/11/13

Fraser Range Ni-Cu District

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Albany Fraser Belt – Fraser Range District & Nova-Bollinger Deposit

  • Nova is a significant large tonnage, high grade discovery , defining a new Ni-Cu deposit type & district at Fraser Range, within the Albany Fraser Belt

  • Nova deposit style is Proterozoic circum-craton intrusive associated magmatic Ni-Cu deposit

  • Nova mineralisation discovered are thick zones of massive sulphides (pyyrhotite-pantlandite-chalcopyrite)

  • Nova exploration model followed (1) soil sampling (2) infill soil sampling (3) scout RC drilling (4) DC drilling (5) EM surveys and an RC discovery hole of 4m @ 3.8% Ni 1.4% Cu from 191m as a “blind” (concealed by sediments) deposit

  • Nova-Bollinger resource published of 14.6Mt @ 2.2% Ni, 0.9% Cu and 0.08% Co for 325,000t Ni, 134,000t Cu and 11,000t Co (at lower cut off of 0.6% Ni)

  • SIR Market Capitalisation >$500m in 12 months on 70% ownership of the project

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Nova
Discovery
PLD Rocky Gully
Exploration Project
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Rocky Gully Ni-Cu Project

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Rocky Gully – Large footprint with similarities to Fraser Range

  • The Rocky Gully project is located 85 kilometres northwest of Albany within the western part of the Albany Fraser Belt, WA.

  • The tenements represent a large footprint of ~1200km [2] (Rocky Gully West 964km[2] ; Rocky Gully Central 64km[2] ; and Rocky Gully East 266km[2] ) located in the Albany Fraser Belt.

  • The project is partly underlain by the Proterozoic rocks of the Birunup Gneiss. Late stage mafic to ultramafic intrusions have been identified in the area and are considered favourable hosts for Ni-Cu sulphide mineralisation.

  • Previous work including soil sampling has defined coincident Ni-Cu anomalies while reconnaissance RAB drilling has identified primary nickel sulphide mineralisation .

  • Recent data compilation and geophysical data reprocessing has defined Eight (8) EM Conductor Targets and 36 magnetic targets largely untested .

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Nova
Discovery
PLD Rocky Gully
Exploration Project
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10
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Rocky Gully Ni-Cu Project Targets

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Rocky Gully – Numerous EM Conductor and Magnetic Targets

  • Rocky Gully Central covers 64km[2] within 1 granted tenement representing only 5% of the prospective area at Rocky Gully and is the key focus of the company.

  • To date, geophysical and geological data re-processing has identified eight (8) EM Conductor Targets and thirty six (36) magnetic targets.

  • Reconnaissance field inspection of the eight (8) EM Conductor targets has been completed, and a report is being compiled, but no (1) additional ground based geophysics or (2) drill testing through cover to basement has been implemented to date

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Rocky Gully Central (5% of
tenements)
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  • PLD has lodged an application to the WA DMP for a $150,000 co-drilling Grant to fund drill testing of these targets and a Program Of Works (POW) is currently being compiled.

  • Land access has been secured and/or being negotiated with view to defining further targets for confirmatory and exploratory drilling.

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Work Programs

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Work programs[1] over the period of 12 months are focussed primarily on (1) drilling of high priority targets at the Rocky Gully Ni-Cu Project (2) project generation and evaluation; while a drilling rebate and sale of non-core asset anticipated to generate non-dilutive cash.

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Activity Dec Q 13 Mar Q 14 June Q 14 Sep Q 14 Total
Rocky Gully 25,000 300,000 [2] 25,000 25,000 375,000 (65%)
Exploration
Project Generation 25,000 25,000 25,000 25,000 100,000 (17.5%)
& Evaluation
Working Capital & 25,000 25,000 25,000 25,000 100,000 (17.5%)
Regulatory Fee’s
Sub-Total 75,000 350,000 75,000 75,000 575,000
Cumulative Total 75,000 275,000 [3] 250,000 [4] 325,000 325,000
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  1. Indicative only and are subject to change

  2. Planned Aircore and RC Drilling

  3. Includes anticipated $150,000 WA DMP Co-funded Drilling rebate

  4. Includes sale of non-core asset for $100,000

Company Conclusion

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  • PLD Corporation (ASX:PLD) is an emerging company with a focus on pursuing new growth opportunities in both the Healthcare and Resources sector.

  • During the year management focused on establishing the foundations of the Company, and completed a number of significant milestones.

  • Importantly, the Company has secured an agreement to explore and fund the Rocky Gully Ni-Cu Project, in the Albany Fraser Belt, one of the worlds most exciting mineral exploration terrains, where numerous EM and Magnetic targets are being refined for a potential drilling program.

  • In the coming year, the Company plans to:

o Drill test high priority targets at the Rocky Gully Ni-Cu project

o Evaluate further opportunities in the Albany Fraser Belt

o Evaluate new growth opportunities in both the Healthcare and Resources sector

o Build on the company foundations including additional management o Maintain tight control on administration and working capital costs

  • Thank you and we look forward to your continued support in 2014.

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Conclusion

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An emerging company exploring the Albany Fraser Belt, one of the
worlds most exciting mineral exploration terrains, and pursuing new
growth opportunities
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Managing Director Matthew Gauci +61 417 417 907