LIBERTY METALS LTD — Investor Presentation 2011

Oct 31, 2011

Traka Resources Limited

ABN: 63 103 323 173

31 October 2011

Company Announcements Office ASX Limited Level 4, 20 Bridge Street SYDNEY NSW 2000

Dear Sir/Madam

INVESTOR PRESENTATION

Attached is a copy of a presentation on the company's activities which it plans to make to financial institutions over the coming days.

Yours faithfully

P C Ruttledge Company Secretary

Exploration Update October 2011

Patrick Verbeek Managing Director

TRAKA RESOURCES LIMITED

This presentation has been prepared by Traka Resources Limited ABN 63 103 323 173 (Traka) for the sole purpose of providing financial, operational and other information to enable recipients to review the business activities of Traka. This presentation is not intended as an offer, invitation, solicitation or recommendation with respect to the purchase or sale of any securities. Nothing in this presentation should be construed as financial product advice, whether personal or general, for the purposes of Section 766B of theCorporations Act 2001.

This presentation may contain forward looking information, statements or forecasts that are subject to risks and other factors outside the control of Traka. Any forward looking information, statements or forecasts provided is/are considered reasonable in the circumstances and has/have been prepared in good faith and with all due care, but may differ materially from actual future results and performance. Traka and its affiliates, any of its directors, agents, officers or employees do not make any representation or warranty warranty, express or implied implied, as to or endorsement of the accuracy or completeness of any information information, statements or forecasts containedin this presentation, and they do not accept any liability for any statements made in, or omitted from, this presentation.

This presentation should not be relied upon as ^a representation of any matter that an investor should consider in evaluating the business activities of Traka. Investors must make and rely upon their own enquiries and due diligence in relation to the subject of this presentation and an investment in Traka. A potential investor must assess the merits or otherwise of an investment in Traka having regards to their own personal, financial and other circumstances.

The information in this presentation that relates to exploration results is based on information compiled by Mr Patrick Verbeek, the Managing Director of Traka . Mr Verbeek is ^a member of the Australasian Institute of Mining and Metallurgy and has sufficient experience which is relevant to the style of mineralisation 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 Exploration Results, Mineral Resources and Ore Reserves". Mr Verbeek consents to the inclusion in the presentation of the matters based on information in the formand context in which it appears.

Informationincluded in the presentation is dated ²⁷ th October 2011.

• • Prospective ProterozoicTerrain
• • Very limited historic exploration
• • Advanced projects in theregion
• Nebo Babel Cu, Ni, PGEsulphides
• Wingellina Laterite Ni

• •Complex intrusive history over 60 million year period (GSWA).
• Firstly ‐ very large layered intrusive (G1) e.g. Jameson . NW trends Second ‐ large not layered (G2) e.g. Murray. Intrude G1 on margins Third ‐(G3) small cross cutting. N to NE trends.
• • G3 chemically and texturally distinct (1068 Ma) host to all known Cu, Ni, PGE mineralisation.
• •Exploration Target – Intersection of G1 and N to NE structures with G2/G3

MUSGRAVE PROJECT - GILES Complex

• • 26 tenements ‐ active on6 in Jameson area
• •D illi ^r ng, geoch it em ^s ry, geoph i ys cs
• • Threemodels:

Primary ‐ Cu, Ni, PGE ‐ Babel Nebo style Secondary ‐ V, Ti, Fe, PGE ‐ Plat Reef style Newmodel ‐ Cu ‐ Hydrothermal

• • Surrounds BHPBilliton.
• • Complex ‐ G1, G2 and G3 intrusives/ sttl ruc uralcont l ros
• • Resourcecharacteristic ‐lowgrade disseminated sulphide halo with higher grade massive/stringer zonesincluded

• •11,000 samples
• • Rapid ‐ effective – regional auger and vacuumdrilling
• • Detects disseminatedmineralisation missed by EM
• • TMR Giles Intrusive related

• • BHP Billiton tenure predominantly maintained on north‐east trending corridor with NeboBabel resource in the centre
• • Over the past few years BHP Billiton have undertaken systematic ground geophysics (EM ⁺ IP) and numerous anomalies have been drill tested.
• • Continuous Continuous, multiple drill rigs, deep drilling with concentration in area south and eastof Lightning Ridge still underway

Perspective on BHP Billiton activity

Perspective on BHP Billiton activity

• •Geochemical anomaly
• • 300 m wide ^x 6 km long disseminatedCu sulphides
• • Discrete geological setting G3 intrusive/shear hosted?
• • Target ‐ drill for higher grade component

MUSGRAVE PROJECT - Camel Prospect

• • Coincident EM and geochemical target on south dipping horizon of layered intrusive
• • Jameson ‐ Titaniferous Magnetite Rock(TMR) footwall.
• • Massive TMR typical high grade range V2O5 ‐ 0.8 to 1.5%TiO2 ‐ + 20%Fe ‐ + 45%PGE ‐ 0 8. to1 5g/t .
• • Multiple layers (7 ?) disseminated TMRin hanging wall
• • Disseminatedsulphides (Cu) in TMR

•

TMR horizons account for many geochemical anomalies in the layered G3 JamesonIntrusive

•

• • EM anomaly at Jameson Prospect related to Hydrothermal Cu and structures(not TMR)
• MoreHydrothermal Cu in the region

Hydrothermal - Cu / veining/brecciation

The TMRhas to be world class to be of value

i e.. big tonnes plus high grade

What chance?

• •Multiple horizons (7 ?) ‐ scope for 100 km strike length in total
• •High grades ‐ V2O5, TiO2, Fe, PGE ‐ kiln feed grade footwall horizon
• • Goodearly indications from drilling plus rock chips

•STRATEGY:

Advance on merit ‐ better definition of resource potential ‐Establishkey metallurgical parameters

Australian - Titaniferous Magnetite Resources

Company	Project	Resource				Concentrate
		Tonnes		$V_2O_5\%$ TiO 2 % Fe%		$V_2O_5\%$ TiO 2 %		Fe%
TNG Ltd	Mt Peake	160 mt	0.27	5.3	23	1.2	18	55
Reed Resources	Barrambie	65 mt	0.82	17.3	34	1.4
Atlas Iron	Balla Balla	456 mt	0.64	14	45	0.85		57
Atlantic	Windamurra	176 mt	0.47			1.3
Speewah Metals Ltd	Speewah Dome	3169mt	0.3	$\overline{2}$		2.48	14.8

Massive TMRdrilling 32% Fe, 15.8% TiO2, 0.67% V2O5, 0.26% Cu & 613ppb PGE

Average massive TMR rock chip 46% Fe, 18% TiO2& 0.82% V2O5 ⁺ PGE

TMR drilling – disseminated 27% Fe, 9.5% TiO2 & 0.28% V2O5 TMRdrilling ‐ massive 32% Fe, 15.8% TiO2, 0.67% V2O5, 0.26% Cu & 613ppb PGE

• • NewJV in key area
• • Traka can earn 70% for \$800k expenditure in ⁵ years
• • 10 VTEM targets targeting Giles hostedCu, Ni, PGE
• • Different to l d ayere JamesonIntrusive
• •Follow‐up 2012.

• • Gravity high ridge extending north fromNebo Babel
• •Targets on edge of gravity ridge
• • Untestedgeochemical targets

WORKSUMMARY

Traka

t t

tenements

• •Drilling on Latitude Hill in mafic rock sequence for Cu, Ni, PGE target
• • Spectrem M5‐1 Prospect drilled. Stringer/massive sulphides but barren in gneissic rocks
• R f P l k lik di / l i h d b d • Roquefort Prospect looks like sedimentary/volcanic hostedstrataboundbasemetals target i.e. Cu, Pb, Zn

Anglo American JV

• Anglo American busy with Musgrave exposure with firm resolve to advanceexploration .

JOINTVENTURE

• • JVcovers 11 tenements ‐ active on 5
• •\$3m for 51% plus another \$6m for 75%
• • Earned 51% and nowworking to 75%
• • Multi milliondollar budget per annum

MUSGRAVE Anglo American - Spectrem

Periscope Prospect •SQUID EM conductor at 750m about 800m long

LatitudeHill

• • Two holes drilled
• • Resultsawaited
• • Drill rig shifted toRoquefort

Roquefort Prospect

• Strataboundsedimentary/volcanic hosted base metal target

Current Status andFuture Objectives

• • Traka has ^a consolidated dominant ^e ploration xplorationportfolio in ^a very prospective lightly explored Proterozoic terrain.
• • Positive decisions by BHP Billiton and /or Metals X will have valuable strategic and exploration implications for Traka
• • Unprecedented level of exploration activity underway and more drill targets identified
• • Traka plan is to accelerate exploration activity to encompass all of project tenements
• • Maintainexploration in own right
• • Fosterexisting JV's
• • Introduce addi i l dditionalstake h ld o ers e.g. JV's, alliances, capi l ta investments

Status

• • 2 JV agreement with Tectonic to gain exposure to Phillips River Project Development
• • 1 JV with Galaxy to gain exposure to Mt Cattlin Lithium/ TantalumMine
• • Drill ready for Ni targets at Mt Short for thissummer period
• • Plans to divest of Nickel Project inJerdacuttup area

Mt Short BaseMetal Project

• • 8km long horizon on northern extension of Ravensthorpe Greenstone B lte
• • Pb, Cu and Ni geochemical anomalism coincident with EMtargets
• • Drilling planned for summer period when wheatcrop harvested

Thankyou