BHP Group Limited — Capital/Financing Update 2012

Jun 26, 2012

==> picture [176 x 71] intentionally omitted <==

ASX Release

SALE OF OLYMPIC DOMAIN TENEMENTS

27 June 2012

==> picture [108 x 39] intentionally omitted <==

COPPER RANGE LIMITED ACN 119 047 693

Level 1

33 Richardson Street West Perth WA Australia

Tel: +61 8 9200 4268 Fax: +61 8 9200 4469

Contact: Mr Brian McMaster Director

E-mail:

info@copperrange.com.au

SUMMARY

• Copper Range Limited (Company) has agreed to the sale of four Exploration Licences (ELs) and five Exploration Licence Applications (ELAs) to BHP Billiton. All nine tenements are located in the Olympic Domain area of South Australia (see Figure 1).

• Total consideration is $3.0 million, payable as $1.5m upon transfer of two of the ELs and $1.5m on transfer of the remaining two ELs and the ELAs.

• The sales are subject to several conditions precedent including satisfactory completion of due diligence by BHP Billiton, completion of documentation and receipt of Ministerial Consent to the licence transfers within twelve months.

• Following satisfaction of these conditions, BHP Billiton will acquire from the Company EL 3959, EL 4698, EL 4754, and EL 4755 and the tenements the subject of exploration licence applications ELA 2012/00070, ELA 2012/00071, ELA 2012/00072, ELA 2012/00079 and ELA 2012/00080.

• The sale will enable the Company to focus on its Madagascan Oil Project, Phosphate interests in the Northern Territory and Adelaide Fold Belt base metals and iron ore prospects.

Directors:

Matthew Wood Brian McMaster Timothy Flavel Mark Arundell

Issued Capital: 705.9 million shares

Copper Range has been reviewing its position in the Olympic Domain particularly following the withdrawal of its Joint Venture partner Barrick Gold of Australia Limited. A detailed review of previous exploration completed by Copper Range and others on the Olympic Domain Project revealed a number of gravity and/or magnetic targets that were either untested or not definitively tested. Following this review the Company concluded that although the tenements contain several targets they are believed to be deep and relatively high risk. As such the Company concluded that the offer from BHP Billiton represents fair market value.

Listed Options: 400.8 million options

ASX Symbol : CRJ, CRJO & CRJOA

Brian McMaster Director Copper Range Limited

• 1 -

==> picture [112 x 45] intentionally omitted <==

==> picture [547 x 418] intentionally omitted <==

----- Start of picture text ----- NT PhosphateOlympic DomainAdelaide Fold Belt----- End of picture text -----

Figure 1 – Copper Range Project Locations –Australia

• 2 -