AUREKA LIMITED — AGM Information 2012

Nov 29, 2012

2012 Annual General Meeting Company Update Melbourne 30 November 2012

Forward-looking statement & disclaimer

The information contained in this presentation has been provided by Navarre and other sources identified herein. No representation or warranty, express or implied, is made by Navarre or any adviser or any of their respective affiliates or representatives as to the accuracy or completeness of such information. Nothing contained in this presentation is or shall be relied upon as, a promise or representation by any of Navarre or any such advisers, their respective affiliates or representatives.

The information contained in this presentation is for informational purposes only and is not a recommendation as to whether to invest in Navarre shares. The information contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. The presentation has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person. Unless otherwise specified, data and tables set out in this presentation are based on Navarre management estimates.

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 Navarre or its directors, or any of their employees or agents, nor any other person accepts any liability, including, without limitation, any liability arising out of fault of 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 or correctness, likelihood of achievement or reasonableness or any forecasts, projections, prospects or returns contained in this presentation nor is any obligation assumed to update such information. Such forecasts, prospects or returns are by their nature subject to significant uncertainties and contingencies. Past performance is no guarantee of future performance.

This presentation includes “forward-looking statements” within the meaning of securities laws of applicable jurisdictions. Forward-looking statements can generally be identified by the use of forward-looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “believe”, “continue”, “objectives”, “outlook”, “guidance” or other similar words, and include statements regarding certain plans, strategies and objectives of management and expected financial performance. These forward-looking statements involve known and unknown risks, uncertainties and other factors, many of which are outside the control of Navarre and any of its officers, employees, agents or associates. Actual results, performance or achievements may vary materially from any projections and forward-looking statements and the assumptions on which those statements are based. Readers are cautioned not to place undue reliance on forward-looking statements and Navarre assumes no obligation to update such information.

The contents of this presentation are strictly confidential and must not be photocopied, reproduced, disclosed or distributed to any other person without the prior written consent of Navarre.

Competent Person’s statement

The information in this presentation that relates to Exploration Results, Mineral Resources and Exploration Potential is based on information compiled by Mr Wessley Edgar. Mr Edgar is an employee of Navarre Minerals Limited, is a member of the Australasian Institute of Mining and Metallurgy and is a Competent Person under the definition of the 2004 JORC Code. The Exploration Potential described in this Presentation is conceptual in nature, and there is insufficient information to establish whether further exploration will result in the determination of a Mineral Resource. Mr Edgar consents to the publication of this information in the form and content in which it appears.

Significant milestones - 2012

Discovery of a potential new goldfield under cover in central Victoria at Tandarra prospect

• First field season completed, 2012/13 field program underway

• Bendigo North Project

• 67 line km of CSAMT geophysics

• 20km drilling completed

• 14 confirmed gold-bearing quartz reef targets

• 3 high-grade lines of reef – Tomorrow, Macnaughtan & Reynolds

• potential for open pit mining, analogous to reefs in nearby Bendigo Goldfield

• Farm-in at Raydarra & Sebastian expands footprint along controlling Whitelaw Fault (35km of prospective strike)

• 100% ownership of Tandarra - conversion of Crocodile Gold Corp. earn-in right to 2% net smelter royalty

• Bulk sample plant purchased and relocated to Stawell

• Kingston Gold Project

• 4,200 line km airborne magnetic survey, trial CSAMT & IP

• 16.9m @ 5.5g Au/t from 65.7m in DDK001*

• SPP raises $0.6m

* Refer ASX release 24 Jan 2012

Strategic land position Extensive tenement position with excellent exposure to gold and base metals growth

Ballarat – Bendigo Corridor Bendigo North Project Group (Tandarra, Raydarra & Sebastian)

• Quartz Reef & Secondary gold (alluvial & deep lead)

Landsborough Fault Corridor Kingston & Glendhu Projects

• Quartz Reef hosted gold

Delamerian Fold Belt Corridor

Black Range Project

• VMS Cu – Zn – Au

• Porphyry Cu –Au

• ~ 2,300 km[2] of tenements

Central Victoria gold endowment Dept. of Primary Industries predicts 32 Mozs of gold under cover north of Bendigo

Source: Victorian Department of Primary Industries, Gold Undercover Initiative 2007

Bendigo North An emerging gold district

Four Eagles Prospect

• 100% ownership of flagship Tandarra prospect

• Earning 75% interest in Raydarra & Sebastian

• Gold concealed by shallow Murray Basin sediments (1m – 80m deep)

• Emerging gold belt controlled by Whitelaw Fault

• Navarre controls 35km of strike along prospective Whitelaw Fault

• Potential for open pit mining

• Less than 20% of area drill tested to date

Tandarra

Best gold prospect in Victoria

• New geophysical approach followed by scout drilling uncovers multiple lines of quartz reef

• Scale potential from multiple quartz reefs

• Bulk sample of AC & RC drill residues to assist grade estimation

• Raydarra – a possible extension of Tandarra?

• 2012/13 drill program commenced in Oct 2012

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Raydarra & Tandarra
Depth to Basement
Showing all drilling
September 2012
4 km
Tandarra
(100%)
170.0
145.0
120.0
95.0
70.0
Raydarra 45.0
(earning 75%)
20.0
Depth to top of basement (m)
EL 5364
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Tandarra 2012 Drilling

• Three high-grade lines of reef identified to date – Tomorrow, Macnaughtan & Reynolds lines

• High grade and visible gold occurs within a broad halo of mineralised quartz close to surface

Tandarra

High-quality project

• Drill results supportive of conceptual open pit:

• gold grades range from moderate to high-grade

• close to surface

• potentially open-pit mineable

• near established infrastructure and large workforce

• open in all directions

• Gold mineralisation open in all directions – possible same structural position as Four Eagles (north) and extension into Raydarra (south)

Tandarra drill highlights*

Air-core Hole ID	From (m)	Length (m)	Gold Assay (g Au/t)
ACT015 includes	37.0	10.0 2.0	34.4 161.2
ACT151 includes	69.0	4.5 1.5	23.1 59.2
RC Hole ID	From (m)	Length (m)	Gold Assay (g Au/t)
RCT006 includes	35.0	24.0 12.0	2.5 4.9
RCT050 includes	44.0	4.0 1.0	9.4 33.6
RCT063 includes	18.0	4.0 1.0	9.2 30.9
RCT062 and and	35.0 76.0 103.0	11.0 17.0 10.0	2.0 1.2 1.0
RCT045 includes	27.0	17.0 1.0	1.1 10.8
RCT051	22.0	14.0	1.5
DDT001 includes	20.1	29.1 0.7	1.6 28.6

* See Navarre’s ASX releases dated 17 October 2012, 26 July 2012 & 28 October 2011

Tandarra Long Sections

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South North
Dingee Rd Area to be drilled – Under Crops Drilled October-November 2012 Un-tested for
repetitions
850 m
Macnaughtan Line
South North
Existing stockwork of
gold mineralisation Tested for shallow
repetitions
800 m Un-tested for repetitions or
Dingee Rd Area to be drilled – Under Crops Drilled October-November 2012 fold reversals
700 m
Tomorrow Line Alluvial gold sheet and paleao-drainages
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Bendigo Goldfield’s Sheepshead Line at same scale
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Bendigo Goldfield analogy

World class gold deposit

• Historic gold production from multiple lines of lode

• Lines of lode are sub-horizontal with reefs repeating at regular intervals with depth

• 18 million ounces of reef gold

• 4 million ounces of alluvial gold

• Probable 5 – 6 million ounces of gold mined in top 100m from surface

• Individual reefs up to 115,000 ounces of gold per strike kilometre*

• Gold footprint approximately 12km x 3km

*Source: Catalyst Metals and Fraser R, Bartlett J & Quigley P – 5[th] International Mining Geology Conference 2003

• Sebastian Gold Project •

• Potential shallow gold under cover Farm-in, earning 75% interest

• CSAMT detects potential reef structure

• • 15 AC holes drilled, results pending

9 km Under Cover Gold Potential Sebastian Goldfield (187,000 ozs past production) Bendigo Goldfield

Kingston

Emerging gold project close to established infrastructure

• At-surface, oxide gold mineralisation with shallow high-grade gold intercepts including recent Navarre drilling - 16.9m @ 5.5g Au/t from 66m down-hole in DDK001

• Active mining jurisdiction – Stawell Gold Mines operation 30 kilometres away

• Recent airborne magnetic survey locates possible repetitions of Kingston mineralisation for follow-up testing

• CSAMT & trial IP geophysics uncovers new targets

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Kingston Gold Mine circa 1900
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2012/13 Exploration Program Testing the shallow open pit potential

BENDIGO NORTH GOLD PROJECT

• Drilling program underway

• Delineation drilling over 4km strike of 3 high-grade reefs at Tandarra

• Test other shallow regional quartz reef and alluvial gold targets

• Bulk testing of AC and RC sample residues

• Geophysics program at Sebastian with initial follow-up drill testing completed

• Conceptual mining studies at Tandarra commenced

OTHER PROJECTS

• Ground geophysics completed & drill program at Kingston / Landsborough Fault

• Soils program underway at Black Range

Corporate

Navarre Board & Management Experience & results

Combined 60 years of exploration and operational experience in Victoria and track-record of bringing projects into production

Kevin Wilson - Chairman

John Dorward - Non-Executive Director

Colin Naylor - Non-Executive Director Geoff McDermott - Managing Director Jane Nosworthy - Company Secretary

Wess Edgar - Exploration Manager Jodi Ford - Accountant Marlene Erard - Office Manager Daniel Braunsteins - Exploration Geologist Sam Bibby - Field Supervisor Sandra Metcalfe - Administration Officer

For more information contact Navarre Minerals Limited 40 – 44 Wimmera Street Stawell VIC 3380 Tel: 03 5358 8625 Website: www.navarre.com.au Email: info@navarre.com.au