AUREKA LIMITED — Investor Presentation 2012

Jun 12, 2012

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SCIENCE  DISCOVERY  GROWTH

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GOLD COAST RESOURCES SHOWCASE Geoff McDermott - Managing Director June 2012

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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.

The information in this presentation that relates to Exploration Results, Mineral Resources and Exploration Potential is based on information compiled by Mr Geoff McDermott. Mr McDermott is an employee of Navarre Minerals Ltd, is a member of the Australian Institute of Geoscientists 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 McDermott consents to the publication of this information in the form and content in which it appears.

Navarre Minerals Limited

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Project location Extensive tenement position with excellent exposure to gold and base metals growth

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Ballarat – Bendigo Corridor Bendigo North Project

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

• Landsborough Fault Corridor Kingston Project • Quartz Reef gold

Grampians –Stavely Corridor

Black Ranges Project

• VMS Cu – Zn – Au

• Porphyry Cu –Au

• 1,700 km[2] of tenements

Investment case

Potential new goldfield emerging in central Victoria

• Bendigo North, Tandarra gold discovery under shallow cover - 40km along strike from 22Moz Bendigo Goldfield

• 29 lines of quartz reef targets identified by geophysics - 14 confirmed goldbearing by air-core drilling. Only three tested by RC drilling

• Moderate to high-grade gold mineralisation – demonstrated near surface by RC drilling over 850m, within a 2.5km zone established by air-core drilling

• Geology and mineralisation analogous to the Bendigo Goldfield - located on same controlling fault

• Maiden mineral resource target for 2013 at Tandarra

Other highlights

• High grade gold results at Kingston located close to producing Stawell Gold Mine

• Extensive land position at Black Range which is prospective for base metals with affinities to Tasmania’s Mt Read Volcanics

• $3.7 million cash at bank as at March 2012

Bendigo North An emerging gold district

• 100% ownership of flagship project

• Shallow Murray Basin cover conceals goldbearing basement rocks from previous discovery

• Whitelaw Fault controls gold mineralisation (22 million ounce Bendigo Goldfield)

• New farm-in area expands Navarre’s footprint along Whitelaw Fault

• Target concept: multiple “Bendigo-style” gold in quartz reefs & secondary gold (“alluvials”)

• Recent near surface broad intercepts of gold mineralisation confirm greenfields gold discovery with potential for open pit mining

• • Crocodile Gold Corp. “back-in” option

Tandarra

Best gold prospect in Victoria

• Navarre considers that Tandarra is the highest quality new gold discovery in Victoria during the past 100 years

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

• Scale potential from multiple quartz reefs

• Our objective is to advance Tandarra to mineral resource status as efficiently as possible

• Bulk sample of RC drill residue to assist grade estimation

• Drill program recommences in Q3 2012

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Tandarra

High-quality project

• Drill results supportive of conceptual open pit:

• gold grades range from moderate to high-grade

• close to surface (18-100m)

• potentially open-pit mineable

• near established infrastructure and large workforce

• open in all directions

• Gold mineralisation identified over 7 kilometres of strike

Tandarra drill highlights*

Air-core Hole ID	Length (m)	Minimum Gold Assay Range (g Au/t)	Maximum Gold Assay Range (g Au/t)
ACT015	10.0	17.9	44.3
TAC125 and includes	4.0 3.0 1.0	6.6 1.9 3.1	7.2 87.5 259.8
TAC136 includes	17.0 1.0	0.4 0.9	4.8 36.5
RC Hole ID	From (m)	Length (m)	Gold Assay (g Au/t)
RCT006 includes	35.0 50.0	24.0 3.0	2.5 10.9
RCT010 includes	163.0 169.0	8.0 1.0	3.4 24.0
RCT028 includes	73.0 79.0	12.0 5.0	1.8 3.9
RCT042 includes	60.0 66.0	19.0 1.0	1.1 7.5
RCT050 includes	44.0 44.0	4.0 1.0	9.4 33.6
RCT062 and and	40.0 76.0 103.0	6.0 17.0 10.0	3.1 1.2 1.0
RCT063 includes	18.0 20.0	4.0 1.0	9.2 30.9

* See Navarre’s ASX releases dated 26 April 2012, 7 & 14 March 2012 & 28 October 2011

Tandarra

2012 Drilling to date

• Multiple broad zones of gold mineralisation intersected from shallow depths

• High grade gold occurs within a broad halo of mineralised quartz

Navarre believes the broad zones of shallow gold mineralisation offer potential for bulk mining by open pit methods

• 850m strike of moderate to high-grade gold mineralisation on Tomorrow Line To date, only 3 of 29 potential quartz reefs have been tested by RC drilling

Tandarra

Cross-Section

Pathway to exploration success Bendigo North (Tandarra) our flagship asset

Our goal is to define a mineral resource and then be a significant gold producer by advancing this project sequentially over the near-term. We believe Tandarra has the potential to be a company-maker.

This conceptual chart represents an estimated timeline of activity at the Company’s Tandarra prospect. As new information is received from exploration activities this timeline may be subject to change. To date, there has been insufficient exploration to estimate a mineral resource and there is no guarantee that further exploration will result in a mineral resource.

Tandarra

Victorian gold!… what’s different at Tandarra?

New greenfields discovery

• No previous mining

• Multiple lines of reef detected

• Potential for secondary gold

Concealed under shallow sands & clays Potential for repetition at depth Alluvials, deep leads yet to be tested

Near surface mining opportunity from multiple lines of reef

• Lower risk

• Lower opex

Easier to assess from surface Compared to underground mining

Potential for scale from large gold footprint

• 29 potential lines of reef

• Currently 5.4 km (E-W) x 7.5 km (N-S)

14 proven by drilling to date Open in all directions

Attractive grades

• Near surface gold

• Victorian lodes 1.0g Au/t – 15g Au/t

Not high-graded by historic miners Attractive open pit potential

Bendigo Goldfield analogy

• Similar rocks, mineralisation, structure

Tandarra 40km north on same control Fault From area of 45km² (Tandarra 40km²)

• About 5-7 Moz’s gold mined in top 100m

Project Pipeline

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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

• 100% owned with dominant position along prospective Landsborough Fault

• Historic mining over 1,000 metres of strike to 75 metres deep - high-grade gold, silver and minor lead mined

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

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Kingston Gold Mine circa 1900

Kingston Previous High-grade gold intercepts to follow up

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• 4,200 line km airborne magnetic survey recently completed across Kingston Mine and Landsborough Fault

• Surface structural mapping scheduled for late Q2 2012

Black Range Significant copper-zinc-gold prospect

• We believe that the Black Range Volcanic rocks are similar in age and geology to Tasmania’s Mt Read Volcanics - host to large deposits such as Mt Lyell, Rosebery, Henty & Hellyer

• Under-explored due to poor outcrop and shallow cover

• 100% owned

• Large copper-zinc-gold mineralisation of potential volcanic massive sulfide (VMS) system identified at Eclipse

• Experts on Tasmanian VMS rocks and VMS geophysics assisting exploration targeting

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2012 – 13 catalysts & milestones

This conceptual chart represents an estimated timeline of the Company’s projects. As new information is received from exploration activities this timeline may be subject to change. To date, there has been insufficient exploration to estimate a mineral resource and there is no guarantee that further exploration will result in a mineral resource.

Corporate

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ASX code NML (listed 31 March 2011) Shares on issue 55.8 million Options 2.6 million (unlisted) Share Price 0.19c (1 June 2012) Market Cap $10.6 million (0.19 cents) Cash $3.7 million (31 March 2012) Major Shareholders Crocodile Gold Corp 9% (Owner of Fosterville and Stawell Gold Mines) Board & Management 25% Top 20 shareholders 60%

Navarre Board Experience & results

• Geoff McDermott – Managing Director & CEO

• Kevin Wilson – Chairman

• John Dorward – Non-Executive Director

• Colin Naylor – Non-Executive Director

• • Jane Nosworthy – Company Secretary

• Board & Management

• Combined 55 years of exploration and operational experience in Victoria

• Track-record of bringing projects into production

Conclusions Clear pathway to achieving our goals

• Bendigo North “Tandarra” is a potential new goldfield emerging in central Victoria with opportunities for open pit mining

• Additional exploration projects located close to existing mining infrastructure

• New base metals province identified at Black Range

• Strong exploration and operational experience in Victoria

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

Appendix

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Bendigo Goldfield World class gold deposit

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Source: Catalyst Metals Limited ASX release 20 July 2011