AUREKA LIMITED — AGM Information 2013

Nov 21, 2013

==> picture [62 x 101] intentionally omitted <==

==> picture [131 x 68] intentionally omitted <==

SCIENCE  DISCOVERY  GROWTH

==> picture [50 x 72] intentionally omitted <==

2013 Annual General Meeting Company Update Melbourne 22 November 2013

==> picture [10 x 13] intentionally omitted <==

==> picture [10 x 13] intentionally omitted <==

==> picture [14 x 19] intentionally omitted <==

Forward-looking statement & disclaimer

The information contained in this presentation has been provided by Navarre Minerals Limited (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 forwardlooking statements and Navarre assumes no obligation to update such information.

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

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 2012 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.

The information in this presentation that relates to Exploration Targets refers to targets that are conceptual in nature, where there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource.

The information on porphyry copper and gold exploration targets in this presentation are based on a conceptual range of targets as follows:

Tonnage range: 300 million to >500 million tonnes Grade range: 0.3% Cu to 2.0% Cu & 0.2 g/t Au to 2 g/t Au Metal: 1Mt contained copper & >0.5 million ounces of gold

==> picture [127 x 26] intentionally omitted <==

----- Start of picture text -----

www.navarre.com.au
----- End of picture text -----

2013 - Emergence of Victorian copper

==> picture [329 x 278] intentionally omitted <==

BIG PROJECTS, BIG POSITIONS  100% ownership of key projects

FOCUS ON MIGA ARC - BASE METALS

• Secured porphyry copper prospects on Miga Arc

• Eclipse, Lexington, Pollockdale & Glenlyle

• 50 targets generated & prioritised

LARGE GOLD AT BENDIGO

• Advancing the shallow open pit potential at Tandarra

• Bulk sample treatment of existing drill residues to quantify contained gold distribution

EXAMINING TRANSFORMATIONAL OPPORTUNITIES

Significant milestones - 2013 Investing for growth and adding value to our project portfolio

 Copper

• Miga Arc: geology like Andes, host to world’s largest known copper porphyry systems

• 100% ownership of big footprint

• First mover- best ground, dominant position

• Porphyry-style Cu-Au drilled at Eclipse

• New porphyry-style copper target identified at Lexington

• 50 copper and gold targets generated

 Gold

• 100% ownership of Tandarra formally completed

• Bulk sample treatment plant reconfigured, commissioned and commencement of drill residue processing

==> picture [385 x 400] intentionally omitted <==

----- Start of picture text -----

CSAMT geophysics
----- End of picture text -----

Miga Arc Victoria’s new emerging copper belt

• Miga Arc now recognised as an Andeanstyle volcanic arc concealed below recent thin cover and remains under-explored

• Miga Arc comparable to widely explored Macquarie Arc

• Rocks are similar in age & type to Mt Read Volcanics of Tasmania, host to Mt Lyell & Rosebery Mines

• Volcanic arc systems world-wide host porphyry copper, VHMS, epithermal base metal and gold deposits

Approx. location of seismic section shown in next slide

SE Australia’s main volcanic terranes and their identified metal endowments

==> picture [381 x 483] intentionally omitted <==

Miga Arc Recent seismic data show new copper & gold opportunities in western Victoria

~ 500 million years ago

==> picture [15 x 9] intentionally omitted <==

----- Start of picture text -----

W
----- End of picture text -----

==> picture [411 x 211] intentionally omitted <==

----- Start of picture text -----

Andes Volcanic Range, South America
S
Pacific plate
N
South American
plate
----- End of picture text -----

==> picture [9 x 9] intentionally omitted <==

----- Start of picture text -----

E
----- End of picture text -----

• Arcs form above subduction zones at plate boundaries (eg. Andes, Indonesia)

Present day Western Victoria

==> picture [14 x 9] intentionally omitted <==

----- Start of picture text -----

W
----- End of picture text -----

==> picture [10 x 9] intentionally omitted <==

----- Start of picture text -----

E
----- End of picture text -----

• Most arcs contain giant porphyry copper deposits

• Miga Arc only recognised as Andean-type margin in January 2013

==> picture [118 x 57] intentionally omitted <==

Page 6 of 17 Miga Arc seismic survey interpretation, after Cayley et al, 2013 (in prog.)

Cu-Porphyry Exploration Targets[1 ]

==> picture [115 x 56] intentionally omitted <==

 >500Mt tonnes  0.3 – 2 % copper  0.2 – 2 g/t gold

1 Refer to slide 2 – Exploration Targets are conceptual in nature, where there has been insufficient exploration to define a Mineral Resource and it is Page 7 of 17 uncertain if further exploration will result in the determination of a Mineral Resource.

Western Victoria Copper Project - Miga Arc Under-explored volcanic province containing large porphyry Cu-Au targets

==> picture [319 x 416] intentionally omitted <==

• 130 kms of under-explored Pacific rim style volcanic belt with no deep drill holes

• Near established infrastructure (power, port, rail, highways, workforce & processing facility)

• Porphyry-style copper mineralisation confirmed by drilling

• Sole diamond hole at Lexington intersects primary copper up to 0.6% and Mo up to 800ppm

Navarre activities completed:

• 26 drill holes for 2,200m at Eclipse

• Geophysics – aeromagnetics, EM & IP surveys at Eclipse

• Soils geochemistry and PIMA studies at Eclipse

• Reconnaissance mapping, rock chip & soils at Lexington

• 50 targets developed for follow-up

Eclipse prospect Porphyry copper-gold system

==> picture [360 x 370] intentionally omitted <==

• Scale potential –large geophysical feature co-incident with anomalous base metal geochemistry

• Previous shallow high-grade intercepts include:*

• 15m @ 0.7% Cu, 1.9% Zn, 0.8g Au/t (RC92GM52)

• 13m @ 0.7% Cu, 0.2g Au/t, inc. 2m @ 2.2% Cu (RC92GM55)

 2.0m @ 3.0% Cu, 2.0g Au/t (RC93GM65)

• > 276 m of zinc + gold + pyrite hydrothermal alteration in DD10BR001 indicates proximity to porphyry core

• PIMA analysis of existing air-core drill chips and diamond core indicates proximity to potential higher-grade porphyry core

* See Navarre’s December 2010 prospectus

Eclipse prospect Conceptual porphyry copper-gold model

==> picture [597 x 386] intentionally omitted <==

Lexington Prospect . . . More porphyry potential

==> picture [497 x 205] intentionally omitted <==

----- Start of picture text -----

 Sulphide in surface rocks MAGNETIC IMAGE - LEXINGTON DIORITE COMPLEX
Pyrite
VICT3D1
----- End of picture text -----

==> picture [529 x 444] intentionally omitted <==

----- Start of picture text -----

MAGNETIC IMAGE - LEXINGTON DIORITE COMPLEX  Highly anomalous
geochemistry & quartz
veining
VICT3D1
Chalcocite
 Granodiorite porphyry core
----- End of picture text -----

• Tectonic quartz veining

2013-2014 Proposed program 50 targets to advance

==> picture [383 x 325] intentionally omitted <==

----- Start of picture text -----

Eclipse drilling – March 2013
----- End of picture text -----

WESTERN VICTORIA COPPER PROJECT

ECLIPSE

• Conduct 3D IP geophysics survey (Dec 2013)

• Phase 1 Diamond drill program (Q1, 2014)

LEXINGTON

• Complete geochemical/ geophysical surveys

• Conduct drill targeting and planning

REGIONAL

• Complete regional reconnaissance geology & soils program over geophysical targets

• Undertake drill targeting and planning

Gold projects – update

==> picture [174 x 84] intentionally omitted <==

==> picture [375 x 540] intentionally omitted <==

----- Start of picture text -----

ACT151 gold
----- End of picture text -----

Bendigo North - Tandarra Testing the shallow open pit potential

• Bendigo-style quartz reef gold under shallow cover

• Multiple lines of quartz reef

• 29 targets detected by CSAMT geophysics

• 14 confirmed by AC drilling to contain anomalous gold

• limited RC drill testing on 2 lines confirms continuity of mineralised structures

• Scale potential from multiple shallow quartz reefs, open in most directions

• Bulk sample testing of RC drill residues to assist understanding of gold grades

• Potential for open pit and underground mining

==> picture [128 x 18] intentionally omitted <==

Navarre Board & Management Experience & results

Highly experienced leadership team with 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

==> picture [359 x 267] intentionally omitted <==

Our view

==> picture [149 x 100] intentionally omitted <==

Miga Arc provides an exceptional opportunity for mineral discovery:

==> picture [389 x 50] intentionally omitted <==

suggest proximity to Cu mineral deposits

==> picture [657 x 50] intentionally omitted <==

----- Start of picture text -----

Active exploration program underway with drilling scheduled for Q1
----- End of picture text -----

==> picture [189 x 50] intentionally omitted <==

• Geological Survey of Victoria

==> picture [234 x 113] intentionally omitted <==

SCIENCE  DISCOVERY  GROWTH