JATCORP LIMITED — AGM Information 2011

Nov 24, 2011

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Jatenergy Limited AGM Presentation - 2011

DISCLAIMER

This document has been prepared by Jatenergy Limited to update existing and prospective shareholders.

Any statements, opinions, or other material contained in this document do not constitute any commitments, representations or warranties by Jatenergy Limited or/and associated entities or its directors, agents and employees.

Except as required by law, and only to the extent so required, directors, agents and employees of Jatenergy Limited shall in no way be liable to any person or body for any loss, claim, demand, damages, costs or expenses of whatsoever nature arising in any way out of, or in connection with, the information contained in this document.

This document includes certain information which reflects various assumptions. The assumptions may or may not prove to be correct. Recipients of the document must make their own independent investigations, consideration and evaluations prior to making any decisions in relation to investing in the Company.

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2

Mid-Year Strategic Review: Simple Dual Energy Strategy

Jatenergy has a dual energy strategy to develop and operate conventional and renewable energy projects in Asia and Australia driven by strong demand for coal and rapidly expanding market potential for crude oil from oil seeds

Targets

• First coal production in H2, 2011 from East Kalimantan

• Apply initial coal revenues to…

• a) Develop several short-to-production mines in Indonesia

b) JORC-drill larger Katingan project, Central Kalimantan

c) Develop Queensland coal tenements

d) Other growth opportunities….

• Seek external project capital for Central Java crude jatropha oil JV to increase sales volumes to the global aviation industry.

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Jat …. for the future energy energy now &

3

Operational Overview

Projects - Coal

Indonesia:

• New Projects Jongkang I & II : 30/70 JV on 2 x 100 Ha East Kalimantan tenements – mining coal now

• Atan Bara: Right to mine 100% of 500 to 680 kT exploration target of high quality thermal coal

• Katingan: 80 % of JV 36.5-43.1 MT exploration target of medium quality thermal coal

Australia

• Galilee Basin: Purchase agreement for 4 exploration tenements

• Bowen Basin: Purchase agreement for 4 exploration tenements

Projects – Crude Oil from Oil Seeds

Indonesia:

• Central Java: 2000 Ha oil seed plantation plus rights for 20 + 5 + 5 years + a further 9000Ha land bank for expansion.

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Development Plan - Milestones

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Q1, 2011 – Sales of 200T of crude jatropha oil to

aviation industry

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Q2, 2011 – Acquisition of Indonesian coal assets Q2, 2011 – Re-list on ASX and raise $3.5 m in capital

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Q3, 2011 – Agreement to buy Australian coal

tenements in Bowen and Galilee Basins

• Q3, 2011 – Granting of production licence – Atan Bara

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• Q3, 2011 – Agreement for second coal project in East Kalimantan – Jongkang

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• Q4, 2011 – Granting of production licence – Jongkang

• Q4, 2011 – Complete acquisition of Australian coal tenements – full permits

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Q4, 2011 - Commence coal production from East Kalimantan mine

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• H2, 2011 – Commence JORC assessment of Katingan

H1, 2012 – Commence coal production from second coal project in Kalimantan

• H1, 2012 – Achieve 1000T in crude jatropha oil sales from oil seeds business

H1, 2012 – Complete conversion to full permits and acquisition of all remaining Australian tenements

4

Jatenergy has bolstered its coal expertise

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Alan Broome AM (new Jatenergy Board Member) Alan Broome has more than 20 years’ experience in the secondary metals industry as a metallurgist and 20 years’ experience in the mining industry. He holds ASX-listed chairmanships (Nimrodel Resources and Endocoal) and directorships, (Micromine, Inbye Mining Services, WorkPac Group, Buccaneer Energy, Solid Energy (NZ) and CRL Energy (NZ).

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Chris Flanagan (new COO Indonesia)

Chris Flanagan has a Bachelor of Science in Mine Engineering (honours) from The Royal School of Mines in London, and more than 30 years’ experience in South Africa, Ghana, the UK and Australia, where he was Mining Director for Gloucester Coal. He has spent the last 6 years in Indonesia, building expertise in mining operations, project identification, coal supply and coal industry regulatory processes.

Nick Croom (new Director – Jatenergy in Singapore)

Nick Croom has 20 years’ experience working in commodity trading and investment banking in Sydney, London and Singapore for ANZ, BNP Paribas, Glencore, RBS Sempra and JP Morgan. While in Singapore his core responsibilities included origination of investment banking transactions and product development surrounding physical commodities with imbedded risk management.

5

Project Update – Jongkang and Jongkang II

Jongkang Project: 100 Ha tenement, 30 / 70 JV with CV Wijaya Mulia

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Jongkang II Project: Photo of the working mine, 30 / 70 JV with Karya Putra Bersama

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Both CV Wijaya Mulia and CV Karya Putra Bersama are owned by Hendry Dirgo – our local partner

Hendry Dirgo is a long time colleague of Chris Flanagan and has been in coal operations for over 10 years

6

Jongkang Projects – Site activity

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Pit extension – overburden removal

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Site Fuel Storage

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Exploration drilling – Jongkang

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Coal seam sample

7

Jongkang Projects – Drilling update…. Jongkang

Jongkang II

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

Exploration
9951700 9951700
Exploration
III I V
drilling •• 45 holes Average Depth 35 m 9951300 21 39313536233224383730254022 272628 29 080607 09 050410201319 1101020314 1512 1617 18 9951300 drilling •• 11 holes Average Depth
33 jumri 35 m
• VI V
18 cored 9950900 34 9950900 •
Second pit
samples
• designed
Pit 1
II I •
Outcrops to west
designed 9950500 9950500
and east to be
•
Pit 2 being
explored
determined
PETA EKSPLORASI BATUBARA Update : 23 September 2011
now Desa Loa Lepu, Kec. Tenggarong Seberang, Kab. Kutai KartanegaraCV. WIJAYA MULYA N
• Potential Pit Batas IUPNo.I 502.343X Titik Koordinat9950.628Y W S E Exposed Seam
II 501.954 9950.613 Skala 1 : 10.000
3 to be IVVIIIIV 501.943503503.333502.345.333 9951.6119951.6169951.0069951.004 Keterangan := Tebal 0,10 – 0,49 m= Tebal 0,50 – 0,99 m
drilled Luas = ± 100 hektar = Tebal 1,00 – 1,49 m
= Tebal 1,50 – 2,00 m
= Blank
502000 502400 502800 503200
502000 502400 502800 503200
----- End of picture text -----

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• ^ Typical small mine production in East Kalimantan: 2 to 3 x 8 kT barges per month

• Average estimate . Includes royalties etc and pre income tax, some hard rock

• # Approx. conservative achievable FOB Barge price as at November 2011- Based upon Indonesian Coal Reference Price (HBA) as sourced from DJMBP – ESDM, Indonesia

Total Capital Contribution ~ USD 1 m Typical production ^ 16 to 24 kT/month Cost of production * USD 58 /T Sales: FOB Barge[#] ~ USD 85 to 90/T

8

Atan Bara Project Update – Coal seams extend from existing mining operation

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Atan Bara
Koperasi
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Photo of the uncovered seam in the Koperasi Coal mine – the same seam extends into Atan Bara

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Atan Bara Project – Simple Logistics

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Established 6 km haul
road to existing stockpile
and jetty facility – direct
access to Balikpapan
Bay (a major coal export
hub)
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10

Atan Bara Project – Drilling Update

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• 16 holes drilled average 35 m

• Potential for more seams for which a drilling program is being planned

Atan Bara - Drilling DH 6

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• Development to be funded from Jongkang proceeds

Atan Bara - Core Sample DH11

• ^ Typical small mine production in East Kalimantan: 2 to 3 x 8 kT barges per month

• Average estimate . Includes royalties etc and pre income tax, some hard rock

Total Capital Contribution ~ USD 1 to 2 m Typical production ^ 16 to 24 kT/month Cost of production * USD 48/T Sales: FOB Barge[#] ~ USD 60 to 65/T

• # Approx. conservative achievable FOB Barge price as at November 2011- Based upon Indonesian Coal Reference Price (HBA) as sourced from DJMBP – ESDM, Indonesia

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11

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Katingan Project – a large, long term play

5000 Ha tenement surrounded by others including Realm Resources Limited directly to the north

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58 outcrops, seams up to 6 m Commence JORC drilling once approvals granted from the Minister for Forestry (legislation guidance suggest about 3 months)

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Photo of CEO Phil Hodgson visit to 6 m + seams at Katingan coal outcrops

12

Australian Coal: Tenement Purchase Agreements

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May 2011: Revised binding offer letter executed June 2011: Full tenement purchase agreement signed July 2011: Completion of legal and technical due diligence Q4, 2011: Ministerial approval to transfer of all EPC’s H1, 2012: Target date for conversion and transfer of last EPCA’s#

Discussions are continuing with several players on farm-in opportunities to fast-track development…..

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EPCA’s are non-transferable – to be held in trust for Jatenergy until full EPC’s granted

13

Oil seeds project update

• Expanded from 1000 to 2000 Ha during H2, 2010

PT Jatoil Waterland Central Java Project: Purwodadi

• 200 T of crude jatropha oil sold by Pt Jatoil Waterland in August for use in Lufthansa’s biojet trials @ 1000 / tonne.

• Target 1000 T oil sales this financial year

• Target project capital as recognition of commerciality grows

• Cambodian plant breeding program progressing – elite germ plasm seed sales and trials

• Agricultural University of Athens

• Clean Green Holdings Ltd in Mexico

• Developing consultancy service for extra revenue

• Excellent relationship with all partners – Waterland, Ministry of Forestry (Perum Perhutani) and Farmers Co-Ops (LMDH)

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GPS coded plot map – a database for each plot has farmer name, area, number of trees, yields etc.

14

PT JATOIL WATERLAND – AN OPERATING BUSINESS

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Plantation field near Purwodadi

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Collection

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Lab testing

Purwodadi – Central Java Processing Facility

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De-Hulling

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Crushing and Containerising

15

PT JATOIL WATERLAND – AN OPERATING BUSINESS

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Jatenergy Field Operations Manager David Granger at a nursery site

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Plant breeding trials on 4-month old jatropha at Jatenergy’s Cambodian plant breeding centre

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2-year old plantation – teak tree with

jatropha inter-cropping

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Jatenergy CEO Phil Hodgson and Waterland CEO William Nolton with the Bupati of Grobogan

16

PT JATOIL WATERLAND – AN OPERATING BUSINESS

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Jatropha oil packaged for Siemens cooking stove, Purwodadi, July 2011

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Crude jatropha oil in 1000 L bulky bins ready for export

Packaging lemongrass for export - intercrop processing station at Semarang, July 2011

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Container of crude Jatropha oil ready for shipping to Europe for jet fuel trials

17

Focus for 2012

• Build on coal revenues from Jongkang II to commence mining at Jongkang and Atan Bara.

• Apply revenues to high potential coal projects

• Other short-to-production opportunities

• Katingan exploration

• Queensland (Galilee and Bowen Basin)

• Others…coal trading, coal up-grading

• Target 1000 T oil sales from oil seeds and reach cash positive position in PT Jatoil Waterland + continue to seek project growth capital + explore “critical mass” opportunities

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18

Competent Person’s Statement

• The information in this presentation which relates to Exploration Results, Mineral Resources or Ore Reserves, is based on information compiled by Mr Allen J Maynard, who is a member of the Australian Institute of Geoscientists and a corporate member of the Australasian Institute of Mining and Metallurgy. Allen Maynard is the principal of Al Maynard & Associates Pty Limited (ACN 102 492 435) and has over 30 years of exploration and mining experience in a variety of mineral deposit styles. Mr Maynard has sufficient experience which is relevant to the style of mineralisation and 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 Resources and Ore Reserves. Al Maynard & Associates Pty Limited consents to the inclusion in this presentation of the matters based on their information in the form and context in which it appears.

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