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COMPLII FINTECH SOLUTIONS LTD Investor Presentation 2012

Feb 15, 2012

64639_rns_2012-02-15_b9499303-cd7f-4234-aae5-e6467a6e9018.pdf

Investor Presentation

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RESOURCE STAR LTD

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DISCLAIMER

The material used in this presentation is a summary of available information, and while given in good faith, is a professional opinion only. Any investor in Resource Star Ltd (RSL) should refer to all RSL ASX releases and statutory reports before considering investment in the company.

Certain information may have been derived from third parties and though RSL has no reason to believe that it is not accurate, reliable or complete, it has not been independently audited or verified by RSL.

Any forward-looking statements in this presentation involve subjective judgement and analysis and are subject to uncertainties, risks and contingencies, many of which are outside the control of, and maybe unknown to, Resource Star Ltd. Neither RSL, nor its officers, employees and advisors make or give any representation, warranty or guarantee in relation to this presentation.

RSL reserves the right to update, amend or supplement the information in this presentation at any time in its absolute discretion without incurring any obligation to do so.

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CORPORATE SUMMARY

ASX:

RSL

Market cap: Shares: Listed options: Cash:

A$1.2M

56.9M [*] 45.9M @ 20c by Sept 2012 A$0.1M (as of December 2011)

(Major shareholder committed to financial support)

: Top 20

Major shareholder:

Listing date:

~50% Red Rock Resources plc - 24.6% (AIM listed – mkt cap approx A$31 mill) March 2010

* Shares on Issue may increase to 113,856,364 in the event of a full take up of entitlements under the current Entitlement Issue

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BOARD & MANAGEMENT

BOARD
**Chairman ** Andrew Bell Former mining analyst, fund manager, and investment banker. AlsoChairmanof AIM-listed Regency
Mines plc &Red Rock Resources plc, RSL’s major shareholder.
MD & CEO Simon Heggen B.Ec. LL.B. Over 25 years of experience in corporate development, investment banking, and strategic
planning at Austock, Boral, WMC, Wesfarmers, Schroders Australia and the Smorgon family. This
includes projects in southern Africa, North and South America, Australia and Asia.
Non Executive Ross Kestel Chartered Accountant and Certified Practising Accountant. Director of Nissen Kestel Harford. Has acted as
director and company secretary of public companies involved in mineral exploration, mining and other
industries.
Non Executive Rob Benussi Qualified accountant with mining industry experience, the most recent of which has included roles as
Chairman – Bligh Resources, Company Secretary, Chief Financial Officer, Acting CEO and General
Manager – Corporate for Jupiter Mines Limited.
MANAGEMENT
Exploration
Manager
Baker Khudeira Qualified geologist, significant experience working as an exploration geologist on a number of projects in
Australia, Asia, Africa and the Middle East. Most recently was Senior Exploration geologist at BHP
Billiton’s Yeelirrie Uranium Project. Also worked at Beverley Uranium Mine in South Australia
Technical Advisor Richard Evans Qualifications in geology and business; 25 years experience, mostly with WMC, in technical, commercial
and managerial roles. Five years based in Africa; has worked on uranium exploration projects in 4
countries.

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STRATEGY

To grow shareholder wealth by identifying, acquiring and exploring:

  • uranium, rare earth, uranium-related specialty metals and resources, in development-friendly environments; and,

  • any other compelling resource opportunities.

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LOCATIONS

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EDITH RIVER
HAYES CK SOUTH
LIVINGSTONIA
MACHINGA
ILOMBA HILL
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SPINIFEX
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PROGRESS TO DATE

Corporate Development

Exploration

  • Livingstonia JV - sandstone-hosted U project in Malawi (Globe)

  • Spinifex JV - unconformity-hosted U project in WA (Thunderlarra)

  • Machinga JV HREE discovery (Globe)  lease now covers new regional targets

  • Livingstonia JV Inferred U Resource defined, drilled & upgraded

  • 8.3Mt @ 325ppm U3O8 for 6.0Mlbs [2 ]

  • Chombe prospect, one of several anomalies

  • Completed drilling on 4 projects, + 4x airborne geophysics, + 3x soil sampling

    2. JORC-compliant

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CURRENT ENTITLEMENT OFFER

OFFER

1 for 1 non-renounceable @ $0.02 per share

AMOUNT

A$1.14 million

ENTITLEMENT

Shareholders on the register by 5pm (WST) on 15 Feb 2012

COMMITMENTS

24.6% shareholder Red Rock Resources plc has committed to take up its entitlement in full (A$0.27million)

UNDERWRITING

First A$0.5 million of any shortfall underwritten by Red Rock Resources plc

PROSPECTUS

To be forwarded to shareholders on 20 Feb 2012 (available on www.resourcestar.com.au)

USE OF FUNDS

Repay advances from Red Rock Resources plc Ongoing exploration in Malawi and Australia Working capital and expenses of the issue

CLOSING DATE [*] 5pm (WST) 0n 6 March 2012

* The Directors may extend the Closing Date by giving at least 6 Business Days notice to the ASX prior to the Closing Date

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THE DEMAND FOR URANIUM IS INCREASING

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Source: Uranium Energy Corp

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THE SUPPLY OF URANIUM MUST INCREASE

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HEU Agreement expires
(24Mlbs U3O8)
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Source: Uranium Energy Corp

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URANIUM

Livingstonia JV – Malawi

  • Edith River & Hayes Ck Sth – Northern Territory

  • Spinifex JV – Western Australia

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MALAWI
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RSL licences
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An under-explored country, strongly supporting mining & exploration:

  • Paladin’s Kayelekera U Mine - 2009 startup

  • Globe’s Kanyika Nb Project - 3yrs to BFS

Has both:

  • Sandstone-hosted ‘redox’ U in Karoo-equivalent

  • = Kayelekera & Livingstonia

  • Multi-metal alkali intrusions (Nb & REEs)

  • = Kanyika & Machinga, & Ilomba Hill

  • Safe, historically stable, with reasonable

  • infrastructure

  • English language & legal framework

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  • Continental, fluviatile Karoo-equivalent sedimentary basins extend throughout SE Africa

  • Sandstone-hosted, tabular ‘redox’ mineralisation

  • Multiple, strata-bound mineralised horizons, with local thickenings, possibly associated with reactivated basin growth faults

  • Kayelekera = 22Mt @ 800ppm M, Ind & Inf

  • Mkuju River = 109Mt @ 422ppm M, Ind & Inf

REGIONAL CONTEXT

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LOCAL CONTEXT

  • March 2010 earn-in JVA with Globe Metals & Mining

  • July 2010 maiden JORC Resource completed

  • Oct-Nov 2010 1,500m percussion drilling program

June 2011 Resource upgrade completed for Paladin Chombe Prospect Globe / RSL

  • Nov 2011 Northern boundary extension

Paladin’s neighbourhood:

  • Kayelekera Mine ~100km to NE

  • EL immediately adjacent to north of the Chombe prospect

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2011 RESOURCE UPDATE

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  • Significant increases in both tonnes & grade

  • Including a high grade core 5.7Mt @ 395ppm U3O8 Inferred

  • Also, new lower grade extension to south

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CHOMBE DEPOSIT

2012 Work Planned:

Drill Testing

  • Along-strike to limit of extended northern boundary

  • Exploration for an additional high grade zone to the east of defined mineralisation

  • Possible depth extensions

  • Stratigraphic & structural controls on high grade shoots

Ore Character Physical Properties

  • Density and porosity testing

  • Mineralogical analysis

  • Wet chemical analysis vs gamma logging QAQC

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  • First ever diamond drilling

Edith River Project - NT

Historical U occurrences

  • Pine Ck Shear Zone

 IOCG affinities  New ELs add sedimenthosted redox U targets

Hayes Creek South - NT Unconformity target; fault splay linked to THX shear zone

Spinifex - WA Unconformity U target

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Edith River Project

  • Historic U occurrences

  • IOCG + unconformity potential

  • Surface anomalism (>1,000ppm eU3O8)

2010 drilling

Located subsurface anomalism along haematitic shear zones at two prospects:

  • 3m @ 141ppm U3O8 Tennysons

  • 1m @ 224ppm U3O8 YMCA

2012 plan

  • Data review and, subject to funding, additional geophysics and drilling follow-up

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HAYES CK SOUTH

Results:

  • 2.5km long U channel airborne anomaly coincident with an interpreted fault

  • Splay from the Hayes Ck Fault Zone (THX’s Hayes Ck Project, incl’g Thunderball)

  • No significant results in drilling to date to explain the geophysical anomalism

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SPINIFEX JV

  • JV with Thundelarra (ASX: THX)  50km S of Kununurra, WA  $0.5M spend to earn 51%

  • ~10km strike length of outcropping unconformity

  • Highly anomalous grab samples

  • Two prospects

  • Trench samples up to 13.5% U3O8

  • Detailed geological mapping to locate drill holes now complete, Heritage clearance received

  • Permits to drill finalised

Schematic section and indicative drill program

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REES & SPECIALTY METALS

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Machinga JV – Sthn Malawi

Ilomba Hill JV – Nthn Malawi

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MACHINGA HREE/Nb

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  • JV with Globe, RSL free-carried, currently retain 80%

  • Rare Earth/Niobium discovery

  • Alkali intrusive complex, similar to Kanyika, but has REEs

  • 2010 trenches & drilling at Machinga Nth:

  • 11m @ 1.0% TREO, 0.3% Nb2O5

  • 5m @ 1.5% TREO, 0.5% Nb2O5

  • ~30% Heavy REOs, elevated dysprosium

  • EPL extended to cover regional radiometric targets

  • Q4 2011: 4,000m of drilling completed on Main Zone & the new Lingoni prospectresults due mid March

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ILOMBA HILL JV - RSL 90%

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Nb, U +/-REE

  • Multi-metal alkali intrusive complex, similar to Kanyika & Machinga

  • 50% rock-chips: >1% Nb2O5 & 2,000ppm U3O8

  • Up to 3.79% Nb2O5 & 1.12% U308

Exploration to date

  • Detailed airborne radiometrics define anomaly 1.5km strike length before going under cover

  • Systematic soil sampling completed highlighting parallel but separate Nb-U and REE responses

  • New tenement application lodged

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CONTACTS
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Resource Star Ltd Chairman – Andrew Bell +44 20 7402 4580 Managing Director – Simon Heggen +61 (0) 3 9607 1322 +61 (0) 419 568 266 www.ResourceStar.com.au Six Degrees Investor Relations Victoria Thomas +61 3 9674 0347

The material used in this presentation is a summary of available information, and while given in good faith, is a professional opinion only. Any investor in Resource Star Ltd (RSL) should refer to all RSL ASX releases and statutory reports before considering investment in the company.

Any forward-looking statements in this presentation involve subjective judgement and analysis and are subject to uncertainties, risks and contingencies, many of which are outside the control of, and maybe unknown to, Resource Star Ltd. Neither RSL, nor its officers, employees and advisors make or give any representation, warranty or guarantee in relation to this presentation.

The information that relates to Exploration Results is based on information compiled by Mr Richard Evans, who is a Member of the AusIMM. Mr Evans is an employee of the Company and has sufficient relevant experience to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Evans consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.