Brockman Mining Limited — Investor Presentation 2012

Dec 4, 2012

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POSITIONED FOR GROWTH
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Australian Investor Roadshow – December 2012
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Disclaimer

This presentation has been prepared by and issued by Brockman Mining Limited (“Brockman” or “the Company”) to assist it in informing interested parties about the Company. It should not be considered an invitation or offer to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this presentation.

This presentation contains forward looking statements. While Brockman has no reason to believe that any statements are either false, misleading or incorrect, it cannot guarantee that through either passage of time or actions beyond the control of Brockman, they will not become so.

You should not act or refrain from acting in reliance on this presentation material. This overview of Brockman does not purport to be all inclusive or to contain all information which its recipients may require in order to make an informed assessment of the Company’s prospects. You should conduct your own investigation and perform your own analysis in order to satisfy yourself as to the accuracy and completeness of the information, statements and opinions contained in this presentation before making any investment decisions.

There are a number of risks, both specific to Brockman and of a general nature which may affect the future operating and financial performance of Brockman and the value of an investment in Brockman including and not limited to economic conditions, stock market fluctuations, iron ore demand and price movements, access to infrastructure, timing of environmental approvals , regulatory risks , operational risks , reliance on key personnel , reserve and resource estimations, native title and title risks, foreign currency fluctuations, and mining development.

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Corporate Overview

• Resources company listed on the Hong Kong (Stock Code: 159) and Australian Stock Code: BCK Stock Exchan es ( ) g

• Focused on iron ore, copper and coking coal

• Supported by a diverse shareholder base of international and Australian investors with BCK directors holding approximately 24% of shares

• Recognised the growing potential in markets and repositioned itself to maximise shareholder returns through international exploration, development and operation of mineral pro j ects

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Capital Structure

As at 30 September 2012 HK$:A$7.95 Shares on issue 7.2 billion Market ca p italisation A $ 419 million Convertible Bonds(1) A$31 million Cash on hand A$49 million Debt A$2 million Enterprise value A$403 million O tions on issue 0.2 billion p Convertin Bonds(2) 0.2 billion g

(1) Subject to FIRB and A$9.8 million of which is also subject to shareholder approval (2) Subject to shareholder approval

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Corporate Strategy

Short term Expedite development of the Marillana hematite project l oca t e d i n th e eas t ern Pilb ara an d assoc a i t e d ra il an d port infrastructure to full commercial production by 2016 Mid term Advance the Australian exploration pipeline of hematite projects, from greenfield exploration through to full commercial operation

Long term Create a globally-renowned mid tier mining resources company through further iron ore, copper and coking coal M&A opportunities , delivering a strategic , low sovereign risk Australian and global mining asset portfolio

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Australian Iron Ore Portfolio

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Iron Ore Development Pipeline

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Pre Project
Exploration
Development Development
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West Pilbara Hub (100%):

Ophthalmia Iron Ore Project (100%):

Marillana Iron Ore Project (100%):

• Duck Creek and West • Coondiner: JORC com p liant • JORC com p liant Mineral Hamersley with a combined Mineral Resource of 108 Mt Resource of 1.63 Bt and a • exploration target of Kalgan Creek: JORC Mining Reserve of ~ 80–100 Mt of DSO hematite compliant Mineral Resource 1.05 Bt at 57 – 60% Fe , to be confirmed of 52 Mt • Production of -8+1 mm sinter • by further drilling[1] Sirius DSO grade fines feed at ~61% Fe • Over 35 granted or priority mineralisation confirmed by applications covering over drilling; best result of up to 1 , 500 km[2] in the Pilbara iron 135 . 5 m a t 61% F e ( en d e d i n ore province mineralisation)

1 Exploration Targets

Any discussion in relation to the potential quantity and grade of Exploration Targets is only conceptual in nature. There has been insufficient exploration to define a Mineral Resource for these tenements and it is uncertain if further ex p loration will result in determination of a Mineral Resource for the West Hamersle y tenements or other p ros p ects on the Com p an y ’s landholdin g outside of the currently defined JORC compliant resources at the Company’s Marillana Project.

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Resource Summary[(1)]

	RESOURCE SUMMARY	RESOURCE SUMMARY	RESOURCE SUMMARY	RESOURCE SUMMARY	RESOURCE SUMMARY
	Project	Resource (tonnes)	Grade (%)	Reserve (tonnes)	Grade (%)
	Marillana
	Detrital	1,528	42.6	1,001	42.4
	CID	102	55.6	48	55.5
	Ophthalmia(2)
	C di DSO oon ner	108	58 3 .	-	-
	Kalgan Creek DSO	52	59.1	-	-
	TOTAL	1790		1049
		,		,

(1) See Appendix 1 for detail

(2) Mineral Resource estimate for the Sirius prospect pending.

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Marillana Iron Ore Project

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Project Development

	Project Development	Project Development	Project Development
	KEY STATISTICS
	KEY STATISTICS
	Mining Reserve (JORC)	1.05 Bt (Proven: 133 Mt, Probable: 916 Mt)
	Final product grade	60.5–61.5% Fe
	Mining Operation	• Conventional truck and shovel
		• Free digging • Average Strip Ratio: 0.8 over life of mine
	Ann al u production	18 5 Mtpa ( et) . w
	First production	2016
	Mine life (initial)	25 years

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Final Product and Sinter Performance

FINAL PRODUCT GRADES

Fe SiO AI O S P LOI 1000 ° C 2 2 3 (%) (%) (%) (%) (%) (%) 60.5 – 61.5 6.0 – 6.5 2.5 – 3 .0 <0.02 <0.08 2.0 – 3.0

• Hematite concentrate with a -8 mm +1 mm size specification

• Final Fe grades equivalent to major Pilbara iron ore producers

• Sinter testing confirms positive performance of the concentrate , suitable as a quality replacement for existing Pilbara fines in blended mill feeds

• Particularly beneficial where concentrates are used as sinter feed

• Total impurities (SiO2, AI2O3, LOI)~12% are lower than most Pilbara ores

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Funding Options

• En a ed with interested arties tar etin a oint-venture fundin g g p g g j g

• arrangement to fund project equity and facilitate debt funding

• 30–40% joint venture interest available and 30–100% project off- take available

• V en d or nanc ng cons fi i id ere d f or camp, power stat on, an i d discrete plant

• Targeting end 2013 to complete funding for production in 2016

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Marillana Iron Ore Project – Mine

	MINE STATUS	MINE STATUS
	2010	DFS confirmed Marillana Project is financially robust and long life
	2011	FEED completed and including further engineering and optimisation studies
	2012	Native Title agreements and key environmental approvals finalised and approved
	2012	Financing initiatives underway

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– Marillana Iron Ore Project Metallurgy and Processing

• Simple mining & processing

• Shallow, large scale mining

• Si mp e ro l b us t process flow sheet

• • Positive sinterin g

• performance

• • -8 mm +1 mm product size – no ultra fines

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Marillana Infrastructure Development

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Independent Rail Infrastructure

	INDEPENDENT RAIL OPTION STATUS	INDEPENDENT RAIL OPTION STATUS
	Under way	Prefeasibility Study undertaken by Brockman, Atlas and Aurizon (formerly QR National) to evaluate
		integrated mine rail and port , logistics solution for the East Pilbara region, due end 2012
	Under way	Aurizon State Agreement
		negotiations with WA State Government
	2012	Environmental studies underway and land access areements in lace
		g p
	2012	Brockman confirms independent rail option with Aurizon and Atlas as the preferred option
	Open	Review of other rail options including FMG & Hancock Prospecting

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Port Infrastructure

PORT INFRASTRUCTURE STATUS

	PORT INFRASTRUCTURE STATUS	PORT INFRASTRUCTURE STATUS	PORT INFRASTRUCTURE STATUS
	2008	North West Infrastructure (NWI) established joint venture company :Brockman Mining Limited (37%); Atlas Iron Limited (39%); FerrAus Limited (24%) FerrAusLimitedisawholly-ownedsubsidiaryof AtlasIron
	2009	NWI granted a 50 Mtpa allocation by the Western Australian State Government to develop two berths and associated stockyards in Port Hedland
	2011	Detailed engineering report on port development completed. Native Title and Environmental approvals have been granted
	2012	T bh lli i i hb
		wo ert aocatons n nner arour confirmed by Western Australian Minister for Transport
	2012	Further studies conducted to optimise layout and design features of NWI port facilities
	Underway	Conditions Precedent Deed and Agreement to LeaseUnder negotiation between NWI and Port Hedland Port Authority (PHPA)

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Investment Scope

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Strategic Advantages

• Large scale, financially robust, long life project with a high quality final product

• Foundation shareholder in NWI, securing port capacity allocation

• Board and management team with strong depth of mining and iron ore experience

• Future highly prospective projects located near established or proposed rail and port infrastructure

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SIGNIFICANT MARGIN POTENTIAL

Cost of production vs. J.P. Morgan long term iron ore price forecast

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90
75
60
45
30
15
0
BHP RIO Brockman FMG Atlas Atlas Hancock
(Horizon 1)(Horizon 2)
JPM long term iron ore price –
Production costs ($A/t) F.O.B ($A/t)
Source: JP Morgan 2012
e (F.O.B)
$A/tonn
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2013 Milestones

Secure infrastructure

• Complete Feasibility Study for development of the East Pilbara Independent Rail

• Secure Port Lease subject to agreed milestones

Secure funding partners

• Execute MOU with preferred Joint Venture partner

• Commence Debt Funding process

Advance Projects

• Marillana China sinter test work

• Marillana yield improvement test work on -1 mm material

• Establish a Mineral Resource at the Sirius prospect

• Complete Ophthlamia Scoping Study

• Advance Native Title agreements and Environment approval processes and apply for a Mining Lease at Ophthalmia

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Appendix 1 Resource and Reserve Summaries

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Marillana Iron Ore Project Mineral Resource Summary

BENEFICIATION FEED (Cut-off grade: 38% Fe)

	BENEFICIATION FEED (Cut-off grade: 38% Fe)
	Mineralisation	Resource	Tonnes	Grade
	type	classification	(Mt)	(% Fe)
	Detrital	Measured	173	41.6
		Indicated	1036	425
			,	.
		Inferred	201	40.7
	Pisolite	Indicated	117	47.4
	Total	Measured	173	41.6
		Indicated	1,154	43.0
		Inferred	201	40.7
	TOTAL		1,528	42.6

Mineral Resources are inclusive of Ore Reserves

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Marillana Iron Ore Project Ore Resource Summary

	MARILLANA CID (Cut-off grade: 52% Fe)	MARILLANA CID (Cut-off grade: 52% Fe)	MARILLANA CID (Cut-off grade: 52% Fe)	MARILLANA CID (Cut-off grade: 52% Fe)	MARILLANA CID (Cut-off grade: 52% Fe)	MARILLANA CID (Cut-off grade: 52% Fe)	MARILLANA CID (Cut-off grade: 52% Fe)	MARILLANA CID (Cut-off grade: 52% Fe)
	Resource classification	Tonnes (Mt)	Fe (%)	CaFe (%)	AI O 2 3 (%)	SiO 2 (%)	P (%)	LOI (%)
	Indicated	84.2	55.8	61.9	3.6	5.0	0.097	9.8
	Inferred	17.7	54.4	60.0	4.3	6.6	0.080	9.3
	TOTAL	101.9	55.6	61.5	3.7	5.3	0.094	9.7

Mineral Resources are inclusive of Ore Reserves

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Marillana Iron Ore Project Reserve Summary

	MARILLANA DETRITAL ORE RESERVES	MARILLANA DETRITAL ORE RESERVES	MARILLANA DETRITAL ORE RESERVES	MARILLANA DETRITAL ORE RESERVES	MARILLANA DETRITAL ORE RESERVES	MARILLANA DETRITAL ORE RESERVES	MARILLANA DETRITAL ORE RESERVES	MARILLANA DETRITAL ORE RESERVES	MARILLANA DETRITAL ORE RESERVES	MARILLANA DETRITAL ORE RESERVES
	Reserve classification			Mt				Fe (%)
	Proven			133				41.6
	Probable			868				42.5
	TOTAL			1,001				42.4
	MARILLANA CID ORE RESERVES*
	MARILLANA CID ORE RESERVES*
	Reserve classification	Mt	Fe (%)		CaFe (%)*	Sio2 (%)	AI2O3 (%)		P (%)	LOI (%)
	Probable	485	555		615	53	37		009	97
		.	.		.	.	.		.	.
	TOTAL	48.5	55.5		61.5	5.3	3.7		0.09	9.7

*CaFe represents calcined Fe and is calculated by Brockman using the formula CaFe = Fe% / ((100-LOI%)/100)

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Ophthalmia Iron Ore Project Mineral Resource Summary

OPHTHALMIA DSO (Cut-off grade: 54% Fe)

	OPHTHALMIA DSO	OPHTHALMIA DSO	OPHTHALMIA DSO	OPHTHALMIA DSO	OPHTHALMIA DSO	OPHTHALMIA DSO	OPHTHALMIA DSO	OPHTHALMIA DSO	OPHTHALMIA DSO
	(Cut-off grade: 54% Fe)
	Deposit	Class	Tonnes	Fe	CaFe*	SiO2	Al2O3	S	P	LOI
			(Mt)	(%)	(%)	(%)	(%)	(%)	(%)	(%)
	Coondiner (Pallas d	Indicated	64.3	58.00	61.55	5.79	4.40	0.009	0.17	5.77
		Inferred	43.7	58.79	62.15	5.33	4.38	0.006	0.18	5.41
	an Castor)
		SUBTOTAL	108.0	58.30	61.77	5.61	4.39	0.008	0.17	5.62
	Kalgan	Inferred	12.5	59.25	62.64	4.02	4.79	0.007	0.20	5.41
	Creek	SUBTOTAL	39.7	59.07	62.55	4.53	4.55	0.005	0.17	5.56
	TOTAL		160.1	58.56	62.03	5.22	4.46	0.007	0.17	5.59

*CaFe represents calcined Fe and is calculated by Brockman using the formula CaFe = Fe% / ((100-LOI%)/100)

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Competent Person’s Statement

The information in this presentation that relates to Mineral Resources and Ore Reserves is based on information compiled by Mr I Cooper, Mr J Farrell and Mr A Zhang.

The Ore Reserves statement has been compiled in accordance with the guidelines defined in the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (The JORC Code – 2004 Edition). The Ore Reserves have been compiled by Mr Iain Cooper, who is a Member of Australasian Institute of Mining and Metallurgy and a full time employee of Golder Associates Pty Ltd. Mr Cooper has sufficient experience in Ore Reserve estimation relevant to the style of mineralisation and type of deposit under consideration to qualify as Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Mineral Resources and Ore Reserves”. Iain Cooper consents to th e i nc us on o l i f th e ma tt ers b ase d on thi s i n f orma ti on i n pu bli c re eases l b y B roc k man, i n th e f orm an d con t ex t i n w hi c h it appears.

Mr J Farrell, who is a Member of the Australasian Institute of Mining and Metallurgy and a full-time employee of Golder Associates Pty Ltd, produced the Mineral Resource estimates based on the data and geological interpretations provided by Brockman. Mr Farrell has sufficient experience that is relevant to the style of mineralisation, type of deposit under consideration and to the activity that 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 Resource and Ore Reserves”. Mr Farrell consents to the inclusion in this presentation of the matters based on his information in the form and context that the information appears.

Mr A Zhang, who is a Member of the Australasian Institute of Mining and Metallurgy and a full-time employee of Brockman Mining Pty Ltd. provided the geological interpretations and the drill hole data used for the Mineral Resource estimation. Mr Zhang has sufficient experience that is relevant to the style of mineralisation, type of deposit under consideration and to the activity that 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 Resource and Ore Reserves”. Mr Zhang consents to the inclusion in this presentation of the matters based on his information in the form and context that the information appears.

Mr Zhang has sufficient experience that is relevant to the style of mineralisation, type of deposit under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the ‘Australasian Code for Reporting of Exploration Results’. Mr Zhang consents to the inclusion in this presentation of the matters based on his information in the form and context that the information appears.

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Appendix 2 Background Slides

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EXPLORATION – West Pilbara (100%)

• Significant upside to be realised in the West Pilbara tenements providin g a potential third near term operation

• Initial drilling at Duck Creek and West Hamersley confirms near-surface DSO grade mineralisation in both Project areas with very low levels of the contaminant phosphorous

• Combined Exploration Target[1] of 80–100 Mt of DSO hematite grading 57–60% Fe

• Duck Creek: up to 20 m at 56.6% Fe from 1 m and 17 m at 56.8% Fe from surface

• West Hamersley: up to 9 m at 58.8% Fe from surface

1 Exploration Targets

An y discussion in relation to the p otential q uantit y and g rade of Ex p loration Tar g ets is onl y conce p tual in nature. There has been insufficient ex p loration to define a Mineral Resource for these tenements and it is uncertain if further exploration will result in determination of a Mineral Resource for the West Hamersley tenements or other prospects on the Company’s landholding outside of the currently defined JORC compliant resources at the Company’s Marillana Project.

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PRE DEVELOPMENT – Ophthalmia (100%)

• Potentially as significant as Marillana Pro j ect with bedded hematite mineralisation (DSO) discovered 15–30 km north of Newman

• Deposits at Coondiner (Pallas and Castor) and Kalgan Creek

• Mineralisation identified at the Sirius t e d l

• prospec t (R esource expec ear y 2013)

• Mineralisation is hosted by the Boolgeeda Iron Formation, which opens up additional potential for further mineralisation within the remainder of the Ophthalmia Project area

• Located only 70–80 km from Marillana, providing opportunities to connect to the Marillana Pro j ect infrastructure solution

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Damajianshan Copper Mine

• Brockman holds a 90% interest in Luchun Xintai, which owns 100% of the Damajianshan Copper Mine, approx ma i t e y l 700 k m rom unm ng f K i

• Mining rights cover 3.67 km[2]

• Contains JORC Mineral Reserve of over 7 . 5 Mt of ore , grading 1 . 46% Cu

• Current mine life of over 18 years, processing 429,000 tonnes of ore per annum , which can be extended a further 9-18 years

• The mining plan is under strategic review for expansion and exploration

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Damajianshan Resources

	Damajianshan Resources
	Reserve Classification Ore Tonnage (tonnes) Cu Grading (%) Cu Metal (tonnes) Proved 4,404,000 1.49 65,600
	Probable 3,150,000 1.42 44,700 Total 7,554,000 1.46 110,300 Resource Classification Ore Tonnae (tonnes) Cu Gradin (%) CuMetal (tonnes)
	g g Measured 4,408,000 1.79 78,900 Indicated 3,153,000 1.70 53,600 Subtotal 7,561,000 1.75 132,500
	Inferred 7,678,000 1.61 123,600 Total 15,239,000 1.68 256,100

Reported under the JORC Code as per the Technical Report by Behre Dolbear Asia Inc. (BDASIA) dated 30 September 2011.

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Competent Person’s Statement

The information in the Report that relates to Exploration Results, Mineral Resources or Ore Reserves in relation to the Damajianshan Mine has been reviewed by Mr. Christopher Arndt who is a self employed consultant to the Company. Mr Arndt is a Fellow of the Australasian Institute of Mining and Metallurgy and 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 A us t ra as an l i C o d e f or R epor ti ng o f E xp ora l ti on R esu lt s, Mi nera l R esources an d O re R eserves. M r A rn dt consen t s t o th e i nc us on l i i n th e Report of the matters based on this information in the form and context in which it appears.

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CONTACT

Michelle Manook

General Manager , External Affairs michellemanook@brockman.com.au Mobile: +61 417 954 474 117 Stirling Highway NEDLANDS WA 6009 Australia www.brockmanmining.com

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