ASARA RESOURCES LIMITED — Investor Presentation 2012

Aug 28, 2012

New Discoveries in West Africa

Investor Presentation

August 2012

www.goldenrim.com.au

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Disclaimer & Competent Person Statement

This presentation has been prepared by Golden Rim Resources Limited (ABN 39 006 710 774) (“Golden Rim”) based on information available to it. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of Golden Rim, its related bodies corporate, its or their directors, employees or agents, advisers, nor any other person accepts any liability for any loss arising from the use of or reliance on this presentation or anything contained in, omitted from or otherwise arising in connection with it, including, without limitation, any liability arising from fault or negligence on the part of Golden Rim, its related bodies corporate or its or their directors, employees or agents.

The distribution of this document in jurisdictions outside Australia may be restricted by law and you should observe any such restrictions.

This presentation is not an offer, invitation, solicitation or recommendation to invest in Golden Rim and neither this document nor anything in it shall form the basis of any contract or commitment. The information in this presentation does not take into account the investment objectives, financial situation and particular needs of investors and does not constitute investment, legal, tax or other advice. Before making an investment in Golden Rim an investor should consider whether such an investment is appropriate to their particular investment objectives, financial situation and particular needs and consult a financial adviser if necessary. This presentation does not purport to constitute all of the information that a potential investor may require in making an investment decision. Investments are subject to investment risk, including possible delays in repayment and loss of income or principal invested. Golden Rim does not guarantee the performance of the investment referred to in this presentation, the repayment of any capital invested or any particular rate of return.

Any securities described in this presentation may not be offered or sold in the United States absent registration under the US Securities Act 1933 or exemption from registration. Neither this document nor any copy thereof may be taken or transmitted in the United States or distributed, directly or indirectly, in the United States or to any US person including (1) any US resident, (2) any partnership or corporation or other entity organised or incorporated under the laws of the United States or any state thereof, (3) any trust of which any trustee is a US person, or (4) any agency or branch of a foreign entity located in the United States.

You acknowledge that circumstances may change and the contents of this presentation may become outdated as a result. Golden Rim accepts no obligation to correct or update the information or opinions in this presentation. Opinions expressed are subject to change without notice.

By accepting this document, you agree to be bound by the above limitations.

The information in this public report that relates to exploration results and mineral resources is based on information compiled by Mr Craig Mackay who is a member of The Australasian Institute of Mining and Metallurgy. Mr Mackay is an employee of Golden Rim Resources Ltd. Mr Mackay 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 in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Mackay consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Certain statements in the presentation are or maybe “forward-looking statements” and represent Golden Rim’s intentions, projections, expectations or beliefs concerning among other things, future exploration activities. The projections, estimates and beliefs contained in such forward looking statements necessarily involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Golden Rim, and which may cause Golden Rim’s actual performance in future periods to differ materially from any express or implied estimates or projections. Nothing in this presentation is a promise or representation as to the future. Statements or assumptions in this presentation as to future matters may prove to be incorrect and differences may be material. Golden Rim does not make any representation or warranty as to the accuracy of such statements or assumptions.

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New Discoveries in West Africa

• >4,100km[2 ] licence holding in Burkina Faso and Mali

• Near surface, high grade, Netiana gold discovery at Balogo  57m at 40.6 g/t gold, including 8m at 244.8 g/t gold

• 31m at 65.6 g/t gold, including 6m at 308.1 g/t gold

• Deeper diamond drilling to commence in September

• Aiming for maiden JORC Resource by end of 2012

• Significant oxide gold intercepts from Yako

• Mineralisation intercepted over 1.4km

• 15m at 5.0 g/t gold & 12m at 5.7 g/t gold

• Potential to be a 2[nd] resource project in Burkina Faso

• Kalsaka Mine 16km to SE

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• Pipeline of four gold projects in Burkina Faso

• Experienced Board and Management team with track record of discovery, development and mining

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Corporate Snapshot (ASX:GMR)

Share Price Performance

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Major shareholders (as at 2 August 2012)

Royal Group – Abu Dhabi		12%
Acorn Capital		8%
Other Institutional Investors		17%
Board & Management		8%
Top 20 Shareholders		49%
Broker Research
Bell Potter
Patersons

Capital Structure (27 August 2012)

ASX Code	GMR
Share price	A$0.105
52 week low/high	A$0.10 - A$0.28
Issued capital
- Shares on issue	458m
- Unlisted options	30m
Market capitalisation (undiluted)	A$48m
Cash	A$5.5m
Investments (12.5M shares ASX:RIE)	A$0.9m
Debt	-
Enterprise value	A$41.6m

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Experienced Board & Management Team

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 Rick Crabb , Chairman

Over 30 years experience in the resource sector with a background in legal and management; Current Chairman at Paladin Energy, Ashburton Minerals and Otto Energy. Councillor of WA Division of Australia Institute of Company Directors.

 Craig Mackay , Managing Director

 Geologist with over 23 yrs experience; previous positions with major resource companies, including Shell , Acacia Resources, AngloGold.

 Gilbert Rodgers , Executive Director

 Chartered Accountant and involved in the mining industry for more than 27 years; previously a director for a number ASX listed companies.

 Glenister Lamont , Non Executive Director

 Mining Engineer; previously General Manager of Ashton Mining and Executive Director at UBS AG.

 Nadir Al Hammadi , Non Executive Director

 Director of PAL Technology Services, a member of the Royal Group conglomerate and GMR major shareholder.

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 Peter Olubas , Exploration Manager

• Geologist with 22 years in exploration and mining. Previously worked for a number of major mining companies and has experience in SE Asia, PNG, Australia and Africa.

 Michel Bal, West African Operations Manager

• Geochemist; >30 yrs in the mining industry in West Africa. Involvement in gold, base metals, iron ore, semi-precious and precious stones, industrial minerals and tar-sand projects.

 Richard Zongo, Country Manager – Burkina Faso

• Geologist; 23 years of West African experience including 15 years at senior level with publicly listed Canadian and Australian exploration companies in Burkina Faso, Mali, Niger and Ghana.

50 permanent staff in West Africa (including 10 experienced geologists)

 Hayley Butcher , Company Secretary

• Chartered Secretary and governance professional. Experience with a number of ASX listed companies

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West Africa and Burkina Faso

West Africa

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• More than fifty >1 million ounce gold deposits

• Fastest growing gold producing region in the world

Burkina Faso

• 1 5[th] of prospective greenstone belt

New Mining Code in 2004

• 6 new mines in past 5 years

• Gold production grew by 41% in 2011

• Now the 4[th] largest gold producer in Africa

Country earned US$258 million in 2011 from the gold sector

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Burkina Faso Projects

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Balogo Project (Burkina Faso)

Netiana Gold Discovery

• Near surface under 2m of soil cover

• No artisanal miners

• Multiple, high grade gold quartz vein lodes

Oxide intercepts include:

57m at 40.6 g/t gold, incl. 8m at 244.8 g/t gold 31m at 65.6 g/t gold, incl. 6m at 308.1 g/t gold 22m at 13.6 g/t gold, incl. 2m at 91.5 g/t gold

Fresh intercepts include:

12m at 20.5 g/t gold, incl. 3m at 77.8 g/t gold 7m at 22.8 g/t gold, incl. 2m at 72.3 g/t gold

• Average weighted grade is 11 g/t gold (uncut)

• Lodes strike for 400m (open)

• Continuity & geometry of the lodes confirmed to 85m depth

• Potential for significant depth extensions

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Plan of the Netiana Lodes at Balogo

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Netiana Lodes: Drill Section 10,025N

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Proposed Work for Netiana

 Additional drilling

• 3,000m HQ diamond, 1,500m RC

• Deeper diamond drilling (85m – 200m)

• Infill & twin diamond drilling

• 2 drill rigs have been secured

• Work to commence mid-late September

• Metallurgical test work

• Aiming for JORC resource estimate by end 2012

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• Scoping study anticipated for early 2013

• Potential for low capex/low cost /high margin open pit operation

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Exploration Potential at Balogo

High grade gold quartz vein mineralisation

• Potential for additional high grade gold deposits

• Focus on discrete magnetic anomalies

• Past soil sampling ineffective

• IOCG-style gold and copper mineralisation  11m at 2.2 g/t gold, 2.7% copper, incl. 3m at 5.8 g/t gold, 8.2% copper  24m at 1.4 g/t gold, 0.9% copper (EOH)

• Current drilling over 2.3km

• Magnetic anomaly extends for >5km

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Yako Project (Burkina Faso)

• Strategic location

• Cluff Gold’s 0.8 Moz Kalsaka Mine located 16km SE

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• Cluff Gold ( 0.6Moz Sega Project) to east

• Riverstone Resources ( 2.7Moz Karma Project) to west

• 6 major artisanal mining sites

• Multiple oxide gold-mineralised zones intersected over 1.4km

Better intercepts include:

15m at 5.0 g/t gold 12m at 5.7 g/t gold 19m at 4.1 g/t gold

Work Program

• Infill RC drilling of higher grade zones planned

• Auger drilling of structural corridors planned

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Sebba Project (Burkina Faso)

• 1,928km[2 ] area

• 3 major regional shear zones (over 140km )

• Active artisanal gold workings

• First-pass sampling complete

• Extensive gold-in-soil anomalies with assays up to 14.5 g/t gold

• High grade rock chips up to 78.5 g/t gold

• Significant RAB intercepts up to 8m at 2.43 g/t gold

Work Program

• RAB/RC drilling of gold-in-soil anomalies

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Diapaga Project (Burkina Faso)

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• 958km[2]

• No previous exploration

• Little outcrop

• Major regional shear zone ( 11km wide)

 Priority for exploration is a major dilational zone

 Significant gold mineralisation discovered along strike

Work Program

• Systematic auger drilling

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Reasons to Invest

 Major position in Burkina Faso

• Exposure to the fastest growing gold producing region in the world

• Golden Rim is not relying on a single project for success

• Experienced in-country teams enables “fast track” exploration

• Significant near surface high grade gold discovery at Netiana

• Scope for significant extensions to the Netiana Lodes below 85m depth

• Potential re-rating on resource definition at Netiana and with further discoveries

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