Brockman Mining Limited — Investor Presentation 2012

Oct 15, 2012

1

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.

2

CORPORATE OVERVIEW

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

• Three major business lines: iron ore, copper and transport services

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

• In 2009, recognised the growing potential in markets and repositioned itself to maximise shareholder returns through international exploration, development and operation of mineral projects

3

CORPORATE OVERVIEW

• In 2012, successfully realised a significant step towards achieving this vision by finalising a US$500 million takeover of Australian iron-ore junior Brockman Resources Limited

• Highly prospective cornerstone investment in Pilbara, Western Australian hematite projects, underpins long-term vision to develop a pipeline of projects from green field exploration through to full commercial operation

• Development of the Marillana iron ore deposit will position BCK as a major Australian hematite iron ore producer

4

CORPORATE STRATEGY

Short term Expedite development of the Marillana hematite project located in the eastern Pilbara and associated rail and 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

5

CAPITAL STRUCTURE

CAPITAL STRUCTURE FY2011/2012 As at 30 June 2012: HK$:A$7.95 Market capitalisation A$482 million Shares on issue 7.2 billion Options on issue 0.2 billion Enterprise value A$484 million Cash on hand A$42 million Debt A$30 million

6

SIGNIFICANT VALUE UPSIDE

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

==> picture [584 x 367] intentionally omitted <==

Source: JP Morgan 2012

7

BROCKMAN MINING POSITIONED FOR GROWTH

8

AUSTRALIAN DEVELOPMENT PIPELINE

• West Pilbara Hub (100%): Duck Creek and West Hamersley with a combined exploration target of ~ 80–100 Mt of DSO hematite at 57–60% Fe, to be confirmed by further drilling[1]

• Over 35 granted or priority applications covering over 1500 km[2] in the Pilbara iron ore province

• •

• Ophthalmia Iron Ore Project (100%):

• Significant DSO grade mineralisation confirmed by drilling, best results including:

• Coondiner: up to 122 m at 60.1% Fe

• Kalgan Creek: up to 92 m at 59.7% Fe

• Sirius: up to 135.5 m at 61% Fe (ends in mineralisation)

Marillana Iron Ore Project (100%): JORC compliant Mineral Resource of 1.63 Bt and a Mining Reserve of 1.05 Bt

Production of -8+1 mm sinter fines feed at ~61% Fe

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 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.

9

EXPLORATION – West Pilbara (100%)

• Significant upside to be realised in the West Pilbara tenements providing 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

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 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.

10

PRE DEVELOPMENT– Ophthalmia Iron Ore Project (100%)

• Potentially as significant as Marillana Project with bedded hematite

mineralisation (DSO) discovered 15–30 km north of Newman

• Prospects include Sirius, Coondiner (Pallas and Castor) and Kalgan Creek

• 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 infrastructure solution

11

PROJECT DEVELOPMENT – Marillana Iron Ore Project

KEY STATISTICS	KEY STATISTICS
Mineral Resource (JORC)	1.63 Bt (Measured: 173 Mt, Indicated: 1,154 Mt, Inferred: 201 Mt)
Mining Reserve (JORC)	1.05 Bt (Proven: 133 Mt, Probable: 916 Mt)
Final product grade	60.5–61.5% Fe
Average strip ratio	0.8 over life of mine
First production	2016
Annual production	18.5 Mtpa (wet)
Mine life (initial)	25 years

12

Marillana Iron Ore Project Resource Summary

BENEFICIATION FEED (Cut-off grade: 38% Fe)	BENEFICIATION FEED (Cut-off grade: 38% Fe)	BENEFICIATION FEED (Cut-off grade: 38% Fe)	BENEFICIATION FEED (Cut-off grade: 38% Fe)
Mineralisation type	Resource classification	Tonnes (Mt)	Grade (% Fe)
Detrital	Measured	173	41.6
	Indicated	1,036	42.5
	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

13

Marillana Iron Ore Project Resource Summary

MARILLANA PROJECT DSO (Cut-off grade: 52% Fe)	MARILLANA PROJECT DSO (Cut-off grade: 52% Fe)	MARILLANA PROJECT DSO (Cut-off grade: 52% Fe)	MARILLANA PROJECT DSO (Cut-off grade: 52% Fe)	MARILLANA PROJECT DSO (Cut-off grade: 52% Fe)	MARILLANA PROJECT DSO (Cut-off grade: 52% Fe)	MARILLANA PROJECT DSO (Cut-off grade: 52% Fe)	MARILLANA PROJECT DSO (Cut-off grade: 52% Fe)
Resource classification	Tonnes (Mt)	Fe (%)	CaFe (%)	AI2O3 (%)	SiO2 (%)	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

14

Marillana Iron Ore Project Reserve Summary

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*	MARILLANA CID ORE RESERVES*	MARILLANA CID ORE RESERVES*	MARILLANA CID ORE RESERVES*	MARILLANA CID ORE RESERVES*	MARILLANA CID ORE RESERVES*	MARILLANA CID ORE RESERVES*
Reserve classification	Mt	Fe (%)	CaFe (%)*	Sio2 (%)	AI2O3 (%)	P (%)	LOI (%)
Probable	48.5	55.5	61.5	5.3	3.7	0.09	9.7
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)

15

MARILLANA PROJECT Final product & 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

16

Marillana Iron Ore Project Funding Options

• Engaged with interested parties targeting a joint venture funding arrangement to fund project equity and facilitate debt funding

• 30–40% joint venture interest available and 30–100% project offtake available

• Vendor financing considered for camp, power station, and discrete plant

• Targeting end 2013 to complete funding for production in 2016

17

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

18

Marillana Iron Ore Project Metallurgy and Processing

Simple mining & processing

• Shallow, large scale mining

• Free dig ore and waste

• Life of Mine Strip Ratio very low at 0.8:1

• Simple robust process flow sheet

• Positive sintering performance

==> picture [524 x 144] intentionally omitted <==

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

19

Marillana Iron Ore Project Independent Rail Infrastructure

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

20

Marillana Iron Ore Project Port Infrastructure

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%) FerrAus Limited is a wholly-owned subsidiary of Atlas Iron
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	Two berth allocations in inner harbour 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)

21

Marillana Iron Ore Project Port infrastructure – stockpiles

Phase 1

Phase 2

	At 30 Mtpa (Phase 1)	At 50 Mtpa (Phase 2)
Stockyard	3.0 Mt	5.0 Mt
Car dumpers	1 x 10.5 kt/h	2 x 10.5 kt/h
Major equipment	1 x stacker 1 x reclaimer	2–3 x stackers 2 x reclaimers
Rail track	12 km	12 km
Overland conveyor	6 km	2 x 6 km

22

Marillana Iron Ore Project Port infrastructure – berths Phase 1

Phase 2

	At 30 Mtpa (Phase 1)	At 50 Mtpa (Phase 2)
Berths	1	2
Ship size	180,000 DWT	180,000 DWT
Wharf	1 x 324 m	2 x 324 m
Shiploaders	1 x 7,500 t/h	2 x 7,500 t/h
Dredging	6 Mm3	-

23

23

STRATEGIC INVESTMENT

• 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

24

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 the inclusion of the matters based on this information in public releases by Brockman, in the form and context in which 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, 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.

The information in this presentation that relates to exploration results is based on information compiled by Mr A Zhang, who is a Member of the Australasian Institute of Mining and Metallurgy and a full-time employee of Brockman Resources Limited.

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.

25

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

26