GATEWAY MINING LIMITED

Annual General Meeting 30[th] November 2011 Technical Presentation

AGM 30 November 2011

1 ASX CODE: GML

==> picture [721 x 541] intentionally omitted <==

----- Start of picture text -----

PROJECT LOCATIONS
SURPRISE
(Copper-Gold)
GIDGEE
(Copper-Gold)
COWRA
(Copper-Gold)
AGM 30 November 2011 2
----- End of picture text -----

EXPLORATION

Current Status

The Company has advanced copper-gold exploration projects
A number of drill ready base metal and gold targets at Gidgee in Western Australia
Joint Ventures active on the Western Australian Projects
Looking for JV partners for Cowra Project

AGM 30 November 2011

EXPLORATION

Joint Venture Activity

In the last 12 months joint venture activities have included:
Gidgee: Avenue JV 2 separate JV’s are ongoing, Avenue has satisfied first commitments year
Gidgee: Bungarra JV with Legend terminated, with Gateway taking control of the JV tenement E57/709 and purchasing Legend’s other Bungarra tenement, E57/706

–  Cowra: Minotaur/Mitsubishi terminated, with Gateway now seeking new JV partners

AGM 30 November 2011

GIDGEE PROJECT, WA

Overview

Includes approximately 200km[2] of tenements over the Gum Creek Greenstone belt
Prospective for gold and copper
Significant exploration success for both commodities
Results from 2010/2011 work have significantly enhanced the VMS base metal potential
This work has outlined a number of drill ready targets
Drilling planned, with PoW’s in place

AGM 30 November 2011

==> picture [721 x 541] intentionally omitted <==

----- Start of picture text -----

GIDGEE PROJECT, WA
745,000 mE 750,000 mE 755,000 mE
Overview Granitoids
Western greenstone Bungarra
volcanics and siliciclastics
– Base metals
Ultramafics
 Tenement and JV areas Eastern Greenstone Victory Creek
basalt and silciclastics - Gold
Felsic volcanics
 Main prospect locations and sediments
Interpreted
structure The Cup/Julia’s Fault
 EM targets EM Anomalous
zones – VMS base metals, gold
 Geology background ModelledEM targets
Hole collars
 Gateway 100%, Avenue earning October 2010
80% - dark blue
 Gateway 85%, Goldfan 15%, Gossans Galore/Gravel Pit
– VMS base metals
Avenue earning 70% - light blue
 Gateway 75%, Estuary 25% – pink Airport Gold Trend
- Gold
 Gateway 100% - purple
0 1 2
kilometres
745,000 mE 750,000 mE 755,000 mE
AGM 30 November 2011 6
6,970,000 mN
6,970,000 mN
6,965,000 mN
6,965,000 mN
----- End of picture text -----

GIDGEE PROJECT, WA

Work completed

EM geophysical surveys
Ground follow up of geophysical anomalies
Aircore (~3,200m) and RC (~2,500m) drilling programme
Reconnaissance field work
Drill targets generated, and now ready to drill with Programmes of Work approved

AGM 30 November 2011

GIDGEE PROJECT, WA

VMS Potential

Aircore and RAB drilling has intersected significant Cu, Zn, As, Sb, Mn and Ba anomalism along a significant stratigraphic length
A number of these holes have intersected sulphides and gossans
These zones also contain a number of Electro-Magnetic (EM) geophysical) conductors – VMS sulphide lenses are commonly EM conductors
The greenstone package contains felsic and mafic volcanic rocks and siliciclastic sediments, typical of “Bi-Modal Mafic” packages that host a number of VMS occurrences within the Yilgarn Craton
Mineralisation at The Cup occurs associated with massive sulphides, and exhibits geochemical zoning from Cu to Zn/As typical of Bi-Modal Mafic VMS systems
The Montague Granite may be a sub-volcanic intrusion that is co-magmatic with the volcanics in the greenstone package, and was probably the heat engine that drove the VMS mineralisation
The chemical composition of the granite is typical of sub-volcanic intrusions associated with this style of VMS
The weak Au-Cu mineralisation within the granite at Rosie Northeast may possibly be porphyryrelated mineralisation coincident with the intrusion of the granite and related to the higher level VMS mineralisation,

AGM 30 November 2011

– GIDGEE GOSSANS GALORE, – GRAVEL PIT VMS POTENTIAL

Overview

2010 aircore white circles, earlier RAB – black dots
Excellent VMS potential not as yet tested by RC drilling, and only sparse aircore drilling
Strong EM anomalies  Anomalous Cu, Zn and VMS pathfinder RAB and aircore geochemistry in interpreted dispersion zones. Similar tenor to that above mineralisation at “The Cup”
Massive sulphides and gossans intersected in drilling
Lithogeochemical studies show alteration zonation commonly associated with VMS systems

==> picture [333 x 211] intentionally omitted <==

----- Start of picture text -----

Central
West
East
0 1 2 Gravel Pit
kilometres
----- End of picture text -----

Gossans Galore Gateway 100%, Avenue earning 80%
Gravel Pit Gateway 100%

AGM 30 November 2011

– GIDGEE GOSSANS GALORE, GRAVEL PIT

Results

West Anomaly – 800m strike, steep NE dip, top at 148m below surface, anomalous Cu (to 773ppm), Zn (to 396ppm), As (to 2,020ppm) in three aircore holes drilled. Gossan at end of one hole
Central Anomaly 900m strike, steep NE dip, top at 140m below surface. No drilling directly over anomaly, however holes to north intersected up to 355ppm Cu in an interpreted dispersion blanket
East Anomaly 1,000m strike, steep north dip, top at 220m below surface, up to 2,130ppm Cu and 811ppm Zn in an interpreted dispersion zone, 50m downhole (~25m true width) massive and semi-massive sulphides in hole AGAC019 coincident with EM
Gravel Pit four parallel EM anomalies, possibly along strike from The Cup, however Gravel Pit prospect is not coincident with any of them. Up to 517ppm Cu in ironstones/gossans

AGM 30 November 2011

– GIDGEE THE CUP, JULIA’S FAULT

Overview

2010 RC drilling – white circles, previous RAB and RC drilling – black dots
Julia’s Fault
Both prospects occur on a 3km interpreted mineralised trend, marked by EM and geochemical anomalism
Zone is possibly at the upper contact of basalts with overlying –
intermediate volcaniclastics a typical stratigraphic position for VMS mineralisation
Lithogeochemical work indicates sericite and chlorite/sericite alteration
Julia’s Fault (Gateway 75%, Red 5 25%) – Gateway gold discovery, however 2010 drilling (three RC holes) intersected elevated copper, including 26m @ 0.21% Cu associated with The Cup massive pyrite and elevated gold in hole GRC206
The Cup (Gateway 100%, Avenue earning 80%) – one RC hole (AGRC007) drilled downdip from hole GRC200 (77m @ 0.77% Cu, inc. 26m @ 1.45% Cu) intersected elevated zinc and copper, interpreted as a downdip termination of a massive sulphide lens. Mineralisation still open along strike to the north and south
AGM 30 November 2011 11

AGM 30 November 2011

- GIDGEE AIRPORT AREA

Overview

Located over a group of oxide gold deposits mined in the 1980’s by Herald Resources and others, with Herald (through Goldfan) still retaining a 15% free carried interest in a number of the tenements
Approximately 100,000oz of gold was produced from the area
Pits generally on the western Montague Granodiorite/greenstone contact
Group of ML’s included in the Gateway/Goldfan/Avenue JV agreement

AGM 30 November 2011

- GIDGEE AIRPORT AREA

2010 Drilling Summary

 RC drilling over a number of prospects: –  Rosie Northeast 3 x 200m holes testing coincident geophysical and geochemical anomalies

–  Whistler 2 x 200m RC holes testing for repeats and extensions of the current 24,800oz JORC-compliant resource under the Whistler pit

– –  Montague Boulder 3 x 200m holes to test targets underneath the open pit

==> picture [316 x 327] intentionally omitted <==

AGM 30 November 2011

- AIRPORT ROSIE AREA

==> picture [607 x 323] intentionally omitted <==

AGM 30 November 2011

BUNGARRA

Overview

Reconnaissance work has been carried out on the now 100% Gateway held Bungarra tenements (E57/706 and E57/709)
This has included ground checking a number of prospects defined by Legend, and also following up a number of EM anomalies
Preliminary interpretations indicate that the areas represents in part an island arc felsic volcanic sequence intruded by mafic to ultramafic igneous complexes
Felsic units have returned base metal anomalous base metal and pathfinder elements
Up to 2,100ppm Zn and 2,470ppm copper has been returned from rock chips.

==> picture [291 x 388] intentionally omitted <==

==> picture [16 x 9] intentionally omitted <==

----- Start of picture text -----

15
----- End of picture text -----

AGM 30 November 2011

- GIDGEE OTHER PROSPECTS

Overview

Victory Creek gold mineralisation requiring further drilling
Birthday Zone intermittent gossans and EM conductors coincident with anomalous geochemistry along a strike of 5km
Part of this trend forms the eastern margin of the Montague Granodiorite
At the Birthday Gossan work has identified 140m strike of gossan, with rock chips returning up to 1,070ppm Zn and 789ppm Cu

AGM 30 November 2011

GIDGEE PROJECT, WA

Going Forward

Drilling has been planned for targets generated from EM surveying, 2010 drilling and field work
This is on both 100% GML ground and all JV tenements, which Gateway currently manages
Programmes of Work approved for this programme
Continuing target generation on other areas
This will be used to plan ongoing work programmes

AGM 30 November 2011

COWRA PROJECT, NSW

Overview

 Exploring for copper-gold in the Molong Volcanic Belt, host to the 30 million oz Newcrest Cadia/Ridgeway operations.  The Cowra Tenements are the least explored area in the Belt. These contain large complex intrusives with associated skarn development along the edges of the parent granite.  Previously reported drilling has intersected skarn-style alteration, with associated elevated copper and gold, including intersections of 4m @ 5g/t Au and 30m @ 0.6% Cu

(Map source Minotaur Presentation)

==> picture [284 x 361] intentionally omitted <==

AGM 30 November 2011

==> picture [16 x 10] intentionally omitted <==

----- Start of picture text -----

18
----- End of picture text -----

COWRA PROJECT, NSW

Joint Venture

JV with Minotaur and Mitsubishi Materials Corp terminated

Corp/Mitsubishi

Leases (EL5514, 6102) have reverted 100% to Gateway
Joint Venture partners being sought

AGM 30 November 2011

COWRA PROJECT, NSW

Work Completed

Work carried out included ground EM and magnetics surveys over nine targets identified from a heliborne VTEM survey
Drilling was carried out over eight priority targets
This drilling intersected significant sulphides in all of the targeted EM anomalies, however without significant gold or copper intersections
Best result was 4m @ 0.14% Cu from 16m in hole 09COWRC147 (Target C147)
Subsequent work included field checking a number of targets identified from and however no areas geophysical geological interpretation,
worthy of further work were identified
Following this the JV partners withdrew from the project, with the leases reverting 100% to Gateway

AGM 30 November 2011

SURPRISE PROJECT, QLD

Overview

Gateway is in the process of relinquishing its Surprise Project interests

AGM 30 November 2011

GATEWAY MINING

Disclaimer

This presentation has been prepared by Gateway Mining Limited (Gateway). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document has been derived from third parties and though Gateway has no reason to believe that it is not accurate, reliable or complete, it has not been independently audited or verified by Gateway.

Any forward-looking statements included in this document involve subjective judgement and analysis and are subject to uncertainties, risks and contingencies, many of which are outside the control of, and may be unknown to, Gateway. In particular, they speak only as of the date of this document, they assume the success of Gateway’s strategies, and they are subject to significant regulatory, business, competitive and economic uncertainties and risks. Actual future events may vary materially from the forward-looking statements and the assumptions on which the forward-looking statements are based. Recipients of this document (Recipients) are cautioned to not place undue reliance on such forward-looking statements.

Gateway makes no representation or warranty as to the accuracy, reliability or completeness of information in this document and does not take responsibility for updating any information or correcting any error or omission which may become apparent after this document has been issued.

To the extent permitted by law, Gateway and its officers, employees, related bodies corporate and agents (Agents) disclaim all liability, direct, indirect or consequential (and whether or not arising out of the negligence, default or lack of care of Gateway and/or any of its Agents) for any loss or damage suffered by a Recipient or other persons arising out of, or in connection with, any use or reliance on this presentation or information.

All amounts in A$ unless stated otherwise.

Competent Persons Statement

The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr. M.J. Gordon and Dr Robert Creelman. Mr Gordon is a consultant to Gateway Mining, a Member of the Australasian Institute of Mining and Metallurgy (CP Geo) and Australian Institute of Geoscientists. Dr Creelman is a Director of the Company, a Fellow of the Australasian Institute of Mining and Metallurgy (CP Geo) and a Member of the Australian Institute of Directors (MAICD). Both have a minimum of 5 years experience which is relevant to the style of mineralization 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 "Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Both consent to the inclusion in the report of the matters based on information in the form and context in which it appears.

AGM 30 November 2011

GATEWAY MINING

Forfurtherinformationvisitourwebsiteatwww.gatewaymining.com.au orcontact:BobCreelman, Director, orMarkGordononTel:0292835711

AGM 30 November 2011

AI assistant

GATEWAY MINING LIMITED — AGM Information 2011

64999_rns_2011-11-29_ece9df35-f7ca-48c6-b793-dd1289d09e64.pdf