Celsius Resources Limited — AGM Information 2005

Nov 24, 2005

25 November 2005

Company Announcements Office Australian Stock Exchange Ltd 20 Bond Street SYDNEY NSW 2000

By e-lodgement

ANNUAL GENERAL MEETING PRESENTATION

Please find attached a presentation being made at the Company's Annual General Meeting today.

Yours faithfully

PETER LANDAU Director/Company Secretary

View Resources Limited

Emerging Gold Miner

Corporate Overview

CONTRACT DES

• 147m Shares on Issue • 38 m 20c options Market Capitalisation \$26m $\bullet$ • Top 6 Shareholders - Austral-Asia Resources $14%$ $11%$ - Lion Selection - M8 Holdings $6%$ - Carey Mining $6%$ $-$ Tricom $5%$ - Voitek $4%$

Financial Position

	Current Assets	July 05	Sept 05
	- Cash	\$1.16M	\$1.44M
	- Receivables	\$3.38M	\$5.81M
	- Inventory	\$0.60M	\$0.60M
۰	Non Current Assets
	- Plant & Equipment	\$5.00M	\$4.93M
	- Mine Properties	\$18.37M	\$17.33M
	- Mining Bonds	\$3.80M	\$3.85M
۰	Current Liabilities
	- Payables	\$6.22M	\$5.93M
	- Newmont Debt	\$1.50M	\$0.00M
	- Convertible Note	\$5.85M	\$3.85M

Nickel Production

Total production to September 05 88,400 t @ 2.74%Ni for 2,421 metal tonnes

Carnilya Project Resource Estimate August 2005

	Measured			Indicated			Inferred			Total
	T	Ni%	Ni T	T	Ni $\frac{0}{0}$	Ni T	T	Ni%	Ni T	T	Ni%	Ni T
Carnilya Hill				21,400	2.50	535	16,600	1.5	249	38,000	2.00	784
Zone 29	14,700	5.3	779	34,000	3.70	1258	25,000	3.6	900	73,700	4.30	2,937
Dunlop				93,000	2.2	2046	210,000	1.8	3,780	303,000	1.90	5,826
Total Sulphide	14,700	5.3	779	148,400	2.60	3,839	251,600	2.0	4,929	414,700	2.30	9,547
Carnilya Oxide				13,902	1.95	231	22,892	3.23	739	36,794	2.74	1,011

View-Mincor JV

Mincor will spend \$2.5 million exploring the Carnilya Hill Project

• View to retain 100% ownership of the current reserves/resources
• Mincor will earn 70% equity after \$2.5 million is spend
• Quality partner to look for new ore bodies.
• View increases its gold focus and review nickel operations on an opportunity cost basis.

Bronzewing Tenements Including JV Ground

100% View Resources

70% View Resources 30% Creasy

70% View Resources 30% Allied Gold

Bronzewing Resource Estimate August 2005

Æ.

Samura Maranga

		Indicated			Inferred		Total
Type	kt	Au g/t	Au	kt	Au g/t	Au	kt	Au g/t	Au
			koz			koz			koz
Cockburn Underground	730	5.55	130	1,600	5.5	283	2,330	5.5	413
Central Open Pit	1,600	1.73	89				1,600	1.73	89
Stockpiles	1,150	0.6	22				1150	0.6	$22 \,$
Total Resource	3,480	2.10	241	1,600	5.5	283	4,222	3.74	524

Bronzewing – the current position

• Cockburn Underground
• Independent validation of resources model completed
• Conceptual mine designed using all categories of mineralisation
• Delineation drilling in progress to be completed December
• Bronzewing Central
• Feasibility Study completed, finalising documentation.
• Venus
• Extension to previously mined Dragon deposit (42k ounces at 3.6 g/t).
• Majority of drilling is in top 60 metres below surface
• Validation drilling completed
• Resource model being updated

Bronzewing Infrastructure Locations

Central Pit Cut-back Resource Cross Section

Cockburn Preliminary Mine Design By Resource Category

Ē

Indicated

Indicated & Inferred

Inferred

Cross Section Orelia and Cumberland Zones

2000000000000000

Cross Section Calista Zone

zi di

Venus Project

Venus Project - Maximum Gold in Drilling

Venus Project - Location Plan

Venus Project Cross Section

TANA AND

Venus Project - Cross-section 6942070N

Q106 2008 2009 2010 $Q206$ $Q306$ $Q406$ Q1 07 Q2 07 Q3 07 Q4 07

Exploration Update - Best Intersections

• Cockburn Underground
• $-5m$ @ 21.71 grams Au/tonne
• $-$ 4m $@$ 13.06 grams Au/tonne
• $-$ 1m @ 31.80 grams Au/tonne
• $-10$ m @ 3.52 grams Au/tonne
• Venus
• $-7$ m @ 34.60 grams Au/tonne
• $-14$ m @ 10.13 grams Au/tonne
• $-6$ m @ 7.80 grams Au/tonne
• $-2$ m @ 9.80 grams Au/tonne

Advanced Exploration Targets

Bronzewing Uranium

Korab Resources to earn 60% equity in the Maitland Uranium JV by spending \$600,000

Alban Alban Alban Alban A

M.

Lake Maitland Deposit (RedPort) Contains 7800 tonnes of $U_3O_6$

SUMMARY

• Quality and committed partner to explore Carnilya Hill
• Increased focus on gold
• Large gold resource in Bronzewing
• Bronzewing to start March/April 2006