CATALINA RESOURCES LTD — AGM Information 2010

Nov 14, 2010

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Shree Minera s ml Li ited Annual General Meeting 15[th] November 2010

San a Lo alka Chairman j y y , ...emerging Iron Ore

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North West Tasmania:

• Proven world-class mineral province with an extraordinary diversity of high-grade deposits . E.g.:

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• Savage River

• Mount Lyell

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• Rosebery

• Hellyer:

• Renison Bell

• Mount Bischoff

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• Henty Gold Mines

• Bass Metals

• Venture Minerals

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• Shree has 5 ELs in the area

• Nelson Bay River

• Rebecca Creek

• Mt.Bertha

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• Sulphide Creek

• � Mt.Sorell

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Shree Minerals

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• �to create shareholder value through the successful exploration of prospective mineral tenements and the development of these ore bodies into production

• �Development of Nelson Bay River (NBR) project

• �R a ti ona li se d A pproac h or conserv ng resources : f i F ocusse d E xp ora l ti on o f its other mineral tenements located in Tasmania

  • �Mt Bertha

  • �Sulphide Creek

  • �Mt Sorell

• �Acquisition of additional mineral tenements in Australia & overseas

�Developing a supportive shareholder base that can assist in achieving these objectives.

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FY 2010 : Shree Minerals Transformed

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		FY2009	FY2010
	Net Assets (A$)	2,448,516	7,721,270
	Contingent Liability (A$)	2,000,000	0
	Resources(Global)	6.8Mt	12.7Mt(Note1)
	DSO Resources	0	1.2 Mt
	ASX li d ste	/ n a	SHH

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At an inflection point

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Nelson Bay River Iron Project

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Nelson Bay River Iron Project

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Objectives:

• To complete DPEMP & Mining Lease applications in early 2011.

• To be in production in Financial year 2011‐2012

Necessary studies in progress to expedite project

• Aboriginal Heritage survey in progress.

• Environmental Surveys of flora and fauna in progress.

• Surface water Surveys in progress .

• Engineering / Feasibility studies (geology / resource estimation , mining , metallurgical , Process Plant ) in progress.

• Port Access , Traffic and Infrastructure Study in progress.

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Nelson Bay River Project EL41/2004 & 54/2008

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• The project, located in North West Tasmania covers, 93km[2]

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• Has a strong magnetic signature coincident with the MRT‐listed Nelson River copper/iron mineral occurrence

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•
Has additional magnetic features
B
A
suggesting possible mineralisation at :
A. west of the NBR occurrence,
B. north of Nelson River C
C. An anomaly in the far south east
of the licence
D. An anomaly in Rebecca Creek
D
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NBR Resources

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� A global iron resource of 12.7Mt at 36.1% Fe including magnetite ‐ resources and goethite hematite resources

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• goethite‐hematite Inferred

• Resource of 1.2Mt containing

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� 0.5Mt of Direct Shipping Ore (DSO) at an average grade of 57.8% Fe and

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� 0.7Mt of Beneficiable goethite‐ hematite.

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� Magnetite Resources of 7.8 Mt @ 38.3 DTR

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• Capable of producing high‐ grade concentrates to produce

Nelson Bay Iron Project Goethite-Hematite Iron Block Grade Distribution (View: grid north east; cyan = fresh iron mineral zone including magnetite zone; brown = oxidised mineral zone) (Blue = 0-30%; cyan = 30-37; green = 37-45; yellow = 45-52; red = 52-57; magenta = >57% Fe)

• Blast Furnace (B F) Pellets

• Dense Media Magnetite (DMM)

Note : for details see appendices

Nelson Bay Cross Section

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Goethitic hematite core

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Magnetite core (Beneficiable material)

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Conceptual Site Layout

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• Mining will be from two open pits

• DSO pit

• Main deep pit (magnetite)

• Waste rock will be taken to the waste rock

• dump. App. haulage distance from main pit : 0.7 km to 2.7 km

• Ore will b e at ken o t the process ng p ani l t :

• app. haul distance 2 km

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Conceptual main pit

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Estimated mining quantities are:

• Mining rate 400,000 tpa

• Pit ore tonnes ,4 500 000 t,

• Depth of Pit 200 m

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CONCEPTUAL MAGNETITE PROCESS FLOWSHEET

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The test work by SGS
indicates magnetite
concentrate Fe grade greater
than 69.0% and SiO2 less
than 1.6%, Al2O3 less than
0.05%, S less than 0.1% and
P less than 0.01%.
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Infrastructure –port

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• Port Latta

• � Port Latta � App. 100 kms

• � Burnie port NBR � app. 150 kms

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Infrastructure : Road
Future open Pit
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NBR : Exploration FY 10‐11

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� Survey of Western anomaly
� Geological mapping and
compilation of old maps
� Upgrading resources, planning
for DSO m n ng re atei i & l d S tudies
� Continue examination of other
Project parts for DSO
mineralisation, etc.
Western Anomaly
DSO Exploration
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NBR : Potential

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DSO
? ?
?
JORC Magnetite Resource
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NBR : Product strategy

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NBR DSO Lump

Phased approach:

1. Direct hipping Iron re D S O ( SO ) , with very low deleterious elements very ( low Al2O3 ) :Lump & Fines

2. Iron Ore product (Fines & Lump) from Beneficiable goethitic-hematite iron resource.

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• 3 . M agne tit e concen ra es su t t it a bl e or : f

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• Dense Media separation in coal washery and

• high-grade Blast Furnace pellets.

Robust Outlook for NBR products:

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NBR DSO Fines

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Conceptual study shows attractive magnetite ect proj

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NB : The above does not include DSO production at NBR which – has potent a to s gni l i ificant y mprove econom cs l i i Low Capex , Early Cash Flow , Target start up FY 2011‐12 2

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Robust outlook backed by unprecedented Global Urbanisation

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Global Urban Population Growth ; 2005-2025 :1.4 billion people

Source : UN Population Division

Urbanisation driving growth

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Indian Crude Steel Output (million tonnes)

		Indian Crude Steel Output (million tonnes)
		Company	Existing	Total capacity in 2011‐12	Total capacity in 2019‐2020
		SAIL	12.8	20.7	60
		RINL	2.9	6.8	10
		TISCO	5	16.5	33.5
		ESSAR	4.6	8	20.5
		JSW	4.1	11	31
		JSPL	2.4	10.5	26.5
		ISPAT	3	5	17
		POSCO	‐	6	12
	2	Arcelor‐Mittal	‐	5	24
		Others	23.8	38.5	58.4
		Total	58.6	128	292.9
	2

Sulphide Creek Gold Prospect

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Drilling of 391 m (diamond) along 2 holes, sampling, assaying for gold

Sulphide Creek Gold Prospect

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• 1.Confirmation of gold mineralisation to >167 m depth

2.Minera isation remains open at eptl d h and along strike

3. di	Drilling suggest strong potential for i dt t hihd ld	HoleID	HoleID	Northing	Northing	Easting	From	To	Inter. (m)	Grade g/t
mi	coverng moerae o g grae go ‐ neralisation at depth	SCDDH4		375689.5		375689.5	19	37.5	18.5	0.5
		includes					31.5	34.5	3	1.26
		SCDDH5		375689.4		375689.4	39	51	12	0.55
							159	168	9	0.88
		includes					164	167	3	1.29
										~~0.~~6
							~~181~~	~~183~~	~~2~~
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Mt Bertha

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1.Rationalised Area

2 A. pp. m o8 k f grid li nes

3.Reconnaissance geological mapping

4 Ground magnetic survey.

5.Study of available geophysical data

6 Geophysical studies have defined. 12 exploration targets (6 tabular and 6 plug types) 7.Target are considered potential for base metals

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Key Points

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• Technically & commercially experienced sound management team

• Highly potential tenements in supportive Government jurisdiction

• Exploration Upside : Rationalised / Focussed Approach

• Potential early cash flow from NBR DSO

• Close o ort P t & Road

• Low Capex , infrastructure costs

• Positive Conceptual (Scoping Study Level) study on Magnetite

• � Strong cornerstone shareholders : China Alliance , Gujarat NRE

• Positive Industry fundamentals

• Target Mine Development in FY201-12 at NBR

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DISCLAIMER

This presentation contains only a brief overview of Shree Minerals Limited (“Shree") and its activities and operations. The contents of this presentation, including matters relating to the geology of Shree’s projects, may rely on various assumptions and subjective interpretations which it is not possible to detail in this presentation and which have not been subject to any independent verification.

This presentation contains a number of forward‐looking statements. Known and unknown risks and uncertainties,

and factors outside of Shree’s control, may cause the actual results, performance and achievements of Shree to differ materially from those expressed or implied in this presentation.

To the maximum extent permitted by law, Shree does not warrant the accuracy, currency or completeness of the information in this presentation, nor the future performance of Shree, and will not be responsible for any loss or damage arising from the use of the information.

The information contained in this presentation is not a substitute for detailed investigation or analysis of any particular issue. Current and potential investors and shareholders should seek independent advice before making any investment t decision in regard to Shree or its activities.

COMPETENT PERSON STATEMENT

The information in this report that relates to Exploration Results, Mineral Resources and ore Resources is based on information compiled by Mr. Mahendra Pal who is a member of the Australian Institute of Mining and Metallurgy.

Mr. Pal is a Director of Shree Minerals Limited.

Mr. Pal 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 Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and ore Resources’. Mr. Pal consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.”

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Appendices

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Appendices 1

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