MACRO METALS LIMITED — Investor Presentation 2012

Jun 19, 2012

www.energio.net.au | ASX: EIO

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Investor Update - June 2012
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Disclaimer / Competent Person

Forward-looking Statements

This presentation contains forward-looking statements which are identified by words such as ‘may’, ‘could’, ‘believes’, ‘estimates’, ‘targets’, ‘expects’, or' intends’ and other similar words that involve risks and uncertainties. These statements are based on an assessment of present economic and operating conditions, and on a number of assumptions regarding future events and actions that, as at the date of this presentation, are expected to take place. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of our Company, the Directors and our management. We cannot and do not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements contained in this presentation will actually occur and readers are cautioned not to place undue reliance on these forward-looking statements. These forward looking statements are subject to various risk factors that could cause our actual results to differ materially from the results expressed or anticipated in these statements.

Competent Person’s Statement

The exploration results in this report have been examined by Dr Warwick Crowe BSc Hons, MSc, PhD who is the Principal Geologist at International Geoscience, a Perth based Geological and Geoscience Consultancy. Dr Crowe is a member of the Society of Economic Geologists and Society for Geology Applied to Mineral Deposits. Dr Crowe has sufficient experience that is relevant to the style of Geology 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, Minerals Resources and Ore Reserves. Dr Crowe consents to the inclusion of this report of the matters based on his information in the form and context that the information appears.

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Corporate Structure

• Australian Securities Exchange Listed: EIO

• Issued Capital : 239,726,983 fully-paid ordinary shares 8,870,002 unlisted options

• Market Cap (Fully Diluted) @ 20cps : A$50M

• Top Shareholders (as at 1 June 2012):

• TGP Australia Limited* 35.8%

• – Bedford CP Nominees Pty Ltd 6.5%

• – Mr Athanasios Lekkas 1.8%

• – J & D Roberts Nominees Pty Ltd 1.7%

• Mr James David Taylor 1.5%

Top 20: ~58%

• TGP Australia Limited is a privately owned company with more than 80 shareholders

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Corporate Structure

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100 % KCM Mining
Energio Limited
Holdings
(ASX:EIO)
Pty Ltd [1]
75%
25%
KCM Mining
Limited [2]
100 %
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Nigerian
Licences
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1 Australian entity 2 Nigerian entity

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Highly Experienced Management

Dr Ian Burston (Non-Executive Chairman) OAM, DSc, FIEA, FIMM, FAICD

Dr Burston has more than 50 years of experience in Western Australian and international iron ore mining and export sales. He has held executive management and Board positions with some of Australia’s largest and most successful mining operations.

Mr Nathan Taylor (Non-Executive Director) LLB, BCom

Mr Taylor has extensive M&A and Capital Markets experience having worked on numerous domestic and cross border transactions throughout his career. Most recently, he was Head of Mergers and Acquisitions at BBY Limited and prior to this worked within the capital markets teams at UBS AG and Macquarie Bank.

Mr Don Carroll (Non-Executive Director) BEng (Mining), MAusIMM, MAICD

Mr Carroll was a former executive with BHP Billiton and has over 30 years of experience in the mining industry, principally overseas in Asia, the United States and West Africa. During this time he was responsible for the marketing of minerals in Asia, including China, and was the President for BHP Billiton in Japan and India.

Mr Kevin Joseph (Executive Director) BEng

Mr Joseph has extensive experience in Nigeria and the West African region, and is currently the Executive Officer of KCM Nigeria, which holds the Company’s exploration licences. A 23 year resident of Nigeria, he has invaluable in-country relationships which will assist the Company in executing its development strategies.

Mr Joe Ariti (Non-Executive Director) BSc, DipMinSc, MBA, MAusIMM, MAICD

Mr Ariti is an experienced company director and mining executive with over 25 years’ experience in technical, management and executive roles including developing, managing and financing mining projects in Australia and overseas.

Mr Brian King (Non-Executive Director)

Mr King has over 40 years experience in the mining industry and was the Registered Mine Manager of the Tom Price and Paraburdoo mining properties of Rio Tinto from 1982 until 1990. More recently, Mr King has worked with the Terex Group in various senior roles including President of the mining company for 11 years.

Mr Tom Revy (Chief Executive Officer) BAppSc, GradDipBus, MAusIMM

Mr Revy has over 25 years’ experience in the international mining industry in roles that have included operations (technical and management), project development (studies through to construction / commissioning), business development and corporate positions.

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Strategy

Create value for Energio’s stakeholders through the successful exploration and development of the Agbaja Iron Ore Project located in Kogi State, central Nigeria

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Project Location

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Infrastructure

Proximate to existing infrastructure with latent capacity

• Existing heavy haul iron ore railway (Government owned), road and port infrastructure

• Access to the Niger River

• 3.3Mtpa Itakpe iron ore beneficiation facility (Government owned – presently on care and maintenance)

• Existing Ajaokuta steel plant under consideration for redevelopment

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Major highway entering Lokoja from Abuja
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Ajaokuta – Warri Rail Line; Standard
Gauge – 23t axle load capacity
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Infrastructure

Warri Area

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 
Population: 300,000

Serves as a cargo transit point between the Niger River and the Atlantic Ocean
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Infrastructure

Port Warri – currently capable of handling ships up to 500 feet

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Supportive Local Community

• All local permitting secured for exploration programs

• Commitment to local recruitment; more than 40 workers recruited from local communities

• Energio project strongly supported of King of Agbaja

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King of Agbaja

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• Currently sourcing high resolution satellite imagery

• • Detailed topographic data in hand

• Commenced discussions with Africabased environmental consultants with a view of commencing work shortly

Environment

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Agbaja Iron Ore Project

Exploration Activities

• Granted licence area on the Agbaja Plateau, Nigeria - West Africa

• Strong aeromagnetic survey

• Ore body appears to extend over the whole plateau

• Ease of access

• Low population density / non-transient

• Open grassland with scattered forest cover

• Prospective iron ore leases: 1-2 billion tonne exploration target size*, initially targeting 500Mt from 10% of the lease area.

• Targeting maiden JORC resource in Q3 CY2012

• Regional exploration programs to identify new iron ore targets / complete preliminary assessment of the oolitic mineralisation

• Good correlation with other oolitic iron ore projects located in China, Kazakhstan and Australia

• The potential quantity and grade is conceptual in nature at this stage as there has been insufficient exploration to define a Mineral Resource under the JORC code. Further, it is uncertain if future exploration will result in the determination of a Mineral Resource.

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Current Exploration Program

• Current program fully funded

• Initial target area ~14km[2]

• 760 holes for 20,000m; 550 holes completed

• Program to be completed July 2012 (subject to favourable weather conditions)

• Results encouraging – suggest homogeneous iron mineralisation: Approximately 5-10m overburden overlying ~20-30m iron bearing sandstone material

• Initial analysis results confirm higher than expected Fe ranging to 55%+ (P 0.7-1%+, Al O 2 3 9-12%, SiO2 4-9%, LOI 10-12%)

• Diamond hole program completed

• Step out RC drill to commence in Q3, 2012 (~60 holes)

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Drill Line and Hole Locations

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Davis tube recovery test work

Mineralogy / Metallurgy

• Commenced DTR and mineral liberation analysis test work at ALS Ammtec (Perth)

• Initial comminution and abrasion test work has commenced (2 x 50kg samples)

• Bulk composite sample (300kg) in Perth for proposed metallurgical program

• Core samples to be halved and utilised for further test work

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Core covered from the Diamond Drill Program

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Metallurgy Schedule

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PROPOSED METALLURGICAL PROGRAM
2012
June July August September October November December
Phase 1 - Mineralogy / Metallurgy
Preliminary Mineralogical Tests
Preliminary Metallurgical Tests
Phase 2 - Mineralogy / Metallurgy
Ore Characterisation
Non- Magnetic Fraction - Gravity Separation
DTR Optimisation
LIMS Optimisation
SLON Separation
Bulk LIMS tests
Roast/Leach Testwork (Option) Subject to Magnetic & Gravity Sep Tests
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* Indicative time frame only

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Other Activities

• Infrastructure Reviews

• Port / Marine =

Underway

 Rail = Proposals received  Power = Commence Quarter 4 • = Preliminary mining study Commence late Quarter 3 • Environmental & Social Reviews = Awaiting Proposals • Iron Ore Market Review = Initial review completed = Detailed review to commence Quarter 4 • Government Liaison = Ongoing

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Thank You

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Samples taken from the Agbaja Exploration Program

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Questions

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View of Lokoja from the Agbaja Plateau
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