MCS SERVICES LIMITED — Investor Presentation 2012

Nov 28, 2012

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Acknowledgement & Disclosure
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This presentation may contain certain statements and projections provided by or on behalf of Red Gum Resources Ltd (RGX) with respect to the anticipated future undertakings. These forward-looking statements reflect various assumptions by or on behalf of RGX. Accordingly, these statements are subject to significant business, economic and competitive uncertainties and contingencies associated with exploration and/or mining which may be beyond the control of RGX which could cause actual results or trends to differ materially, including but not limited to price fluctuations, exploration results, ore reserve and mineral resource estimation, environmental risks, physical risks, legislative and regulatory changes, political risks, project delay or advancement, ability to meet additional funding requirements, factors relating to title to properties, native title and aboriginal heritage issues, dependence on key personnel, share price volatility, approvals and cost estimates. Consequently, there can be no assurance that such statements and projections will be realised. Neither RGX, or any of its affiliates, advisers, consultants, agents or any of their respective officers or employees ( Relevant Parties ) make any representations as to the accuracy or completeness of any such statement of projections or that any forecasts will be achieved.

Additionally, RGX makes no representation or warranty, express or implied, in relation to, and to the fullest extent permitted by law, no responsibility or liability (whether for negligence, under statute or otherwise) is or will be accepted by RGX as to or in relation to the accuracy or completeness of the information, statements, opinions or matters (express or implied) arising out of, contained in or derived from this Presentation or any omission from this Presentation or of any other written or oral information or opinions provided now or in the future to any Recipient or its advisers. In furnishing this presentation, RGX undertakes no obligation to provide any additional or updated information whether as a result of new information, future events or results or otherwise. Nothing in this material should be construed as either an offer to sell or a solicitation of an offer to buy or sell securities.

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Corporate Snapshot
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Corporate Overview ASX RGX Share Price $0.07 Market Cap $5.25m Shares on Issue 74.98m Unquoted Stock Options @ 30.6.12 4m Cash $1.656m @ 30.9.12	Corporate Overview ASX RGX Share Price $0.07 Market Cap $5.25m Shares on Issue 74.98m Unquoted Stock Options @ 30.6.12 4m Cash $1.656m @ 30.9.12	Corporate Overview ASX RGX Share Price $0.07 Market Cap $5.25m Shares on Issue 74.98m Unquoted Stock Options @ 30.6.12 4m Cash $1.656m @ 30.9.12	Shareholder@ 5.11.12	%
		RGX	Torey Marshall Family A/C	18.07
		$0.07	Shaw Jones Super Fund A/C	10.00
		$5.25m
			Norman Joseph Zillman	9.34
		74.98m
			Tigermoth Investments Ltd	3.63
		4m
			Sakura Capital Ltd	3.33
			Warman Investments Pty Ltd	3.02
		$1.656m @ 30.9.12
			Rockmaster Pty Ltd	1.93
Directors and Senior Management
			Mr Ross James Thomas	1.89
Chairman	Dr Ray Shaw
			Washington H Soul Pattinson and Company Limited	1.67
Managing Director	Dr Paul Pearson
Executive Director	Torey Marshall		Bannerblock Super Fund A/C	1.57
Company Secretary	Mal Lucas-Smith		Top 20	65.00

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Company Overview
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• Corporate Strategy

• Explore and facilitate development of multi-commodity (Copper-Zinc-Lead-Gold-Silver) and Copper-Gold assets in Latin America

• Growth through systematic exploration and identification of quality projects

• Active risk management through project diversification

• Utilise competitive advantage provided by decades of in-house Latin American experience

Potent Execution Strategy

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Since Jan. 2012 IPO, maiden discovery of polymetallic mineralisation at 100% owned La Negra Project in Chile

Established team and operational country office in Chile with demonstrated capabilities at La Negra Project: Stage 1 drilling program

Substantial upgrade in prospectivity potential following successful execution of systematic exploration programs at 100% owned Cerro Huancash Project in Peru

Established new, high quality, opportunity flow utilising Latin American expertise and networking in a counter-cyclical growth environment.

• This Presentation

• Corporate Progress

• Peru 100% Owned Projects (Cerro Huancash, Chongos)

• – Chile 100% Owned Project (La Negra)

• New Opportunities for Growth

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Corporate Progress
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• IPO completed January 2012

• • Offices established in Santiago, Combarbala in Chile

• Field teams fully operational in Chile and Peru

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Peru – 100% Owned Projects
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•
Projects in the World Class
Central Peruvian Polymetallic
Belt and hub of booming
CERRO DE PASCO
exploration activity
•
Close to infrastructure
including road, rail, refineries - 1 1 °
PACIFIC
and processing plants
CERRO
• Neighbours include Glencore, HUANCASH
Pan American Silver,
OCEAN
Southern Peaks and LA OROYA
Chinalco
•
Two 100% projects in four
licences KEY -12 °
LIMA
• SMELTER
Located in “miner friendly”
region of Peru MAJOR MINE/ DEPOSIT
• RAILWAY
Access agreements in place
with local landowners C HONGOS
HIGHWAY
• 0 100
100% ownership provides HUANCAVELICA
maximum optionality for kms °
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-77 ° -7 -75 °
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• 100% ownership provides maximum optionality for future funding scenarios.

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Cerro Huancash Project
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0 1 • One licence of 575.6 hectares km • Zinc, lead, copper, silver, gold targets over 3 kms of prospective “Ariana Corridor” • Southern Peaks Mining recently announced preliminary non 43101 resources: • Ariana Norte : 19.74 Mt @ 1.65% copper, 2.06% zinc, 0.09% lead, 0.79g/t gold and 31g/t silver • Ariana Sur : 0.329 Mt @ 0.15% copper, 1.97% zinc, 1.04% lead and 230 g/t silver •

Southern Peaks Mining currently undertaking development drilling a few hundred metres north of RGX claim boundary (funded by Barclays Finance)

Map showing mineralized trend, Ariana Norte and Ariana Sur Prospects, plus Red Gum Resources claim (light blue) and claims controlled by Southern Peaks Mining/Pan American Silver (light green).

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Cerro Huancash Project
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Ariana
Norte
Ariana
Sur
0 1
km
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Geological Mapping, Ground Magnetics and Rock Sampling supports the extension of the “Ariana Corridor”, an emerging new polymetallic trend in central Peru, traversing the Cerro Huancash Project

Rock Sampling conducted by RGX reported high grade Zn, Pb, Cu, Ag, + Au from old workings hosted by discontinuous skarn outcrops over +1.2 x 0.4 km area:

• Zn assays up to 19.0%, Pb up to 17.75%, Cu up to 0.89%, with 17 (41%) of the samples reporting >1% of Zn or Pb (or both)

• Ag assays up to 2,460 g/t, with 12 (29%) of samples reporting >100 g/t Ag and 5 reporting >500 g/t Ag

• Au assays up to 0.74 g/t, with 15 (37%) reporting >0.1 g/t Au

Preliminary Magnetic Image of southern sector of Cerro Huancash (analytical signal).

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Cerro Huancash Project
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Looking N from Cerro Huancash along mineralised “Ariana Corridor”

Mineralised “Ariana Corridor”, hosting known resources immediately to the north, passes into Cerro Huancash

Drilling at Ariana Norte

Northern Boundary of Cerro Huancash

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Cerro Huancash Project
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Diorite intrusive
Skarn
Limestone
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Base and precious metal -mineralised skarn bodies along fault contact between intrusive rocks and limestones in southern sector of Cerro Huancash claim

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Cerro Huancash Project
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Base and precious metal -mineralised skarn outcrops in southern sector of Cerro Huancash claim

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Cerro Huancash Project
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Ariana Norte

Induced Polarisation (IP) Survey

• Completed November 2012

• To detect and map sulphide bodies

• Targeted known mineralised corridor

• • Pole-dipole acquisition

• 100 m dipole spacing

• 8 lines for 10 line kms

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• Very high quality data

• • Results outstanding

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Cerro Huancash Project
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Geophysical Anomalies Directly
Below Surface Expression of
“Ariana Corridor”
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Cerro Huancash Project
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Geophysical Anomalies Directly Below High Grade Surface Mineralisation

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Chongos Project
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• Located 180 kilometres southeast of Lima

• Three separate blocks covering approx. 9 kms strike length of strong zinc and lead anomalism in iron- and manganese-stained sequence of folded limestones

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• 100% held by Red Gum

• • Provides maximum farmout optinionality

• • Discussions with third parties opened

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Chile – 100% Owned Project
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- La Negra Maiden Mineralisation Discovery

• Polymetallic (Zn, Pb, Ag + Au) mineralisation confirmed by 12 holes (totalling 2,520m) of current year drilling along 400 m segment of breccia unit

• Significant Upside - with total outcropping mineralised breccia strike length exceeding 1300 m (well beyond stage 1 footprint)

• Mineralised breccia conforms to anomalous surface geochemistry halos and chargeability anomaly mapped in 3D induced polarisation survey

• Relatively thin oxidised zone overlying sulphide resource target

• Independent preliminary metallurgical testing by Promet 101 confirms La Negra sulphide ores appear highly amendable to separation through conventional sulphide flotation circuits

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La Negra
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La Negra - Location
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Cerro Verde
Cuajone
Quellaveco
Toquepala
Mocha
Cerro Colorado Copaquire
Quebrada Blanca
Rosario
El Abra
Chuquicamata
Spence
Sierra Gorda
Centinela Gaby
Polo Sur
Zaldivar SANTIAGO
ANTOFAGASTA
Chimborazo
Escondida
Lomas Bayas
El Penon
Guanaco
El Salvador
Manto Verde
Potrerillos
Los Azules
La Coipa
Candelaria Refugio
La Fortuna
Relincho
Pascua
El Indio
LA SERENA
Andacollo
Copper Deposits
La Negra
Los Pelambres Gold Deposits
Chile
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La Negra - Geology and Drilling
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A B
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La Negra – Drilling in Detail
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BEST RESULTS

• RDN-001 from 25.0 to 50.0 metres downhole: 25.0 metres assaying 2.40% zinc, 0.71% lead, 0.23% copper and 20.3 g/t silver, including higher grade intervals up to 2.0 metres wide grading 7.22% zinc, 1.32% lead 0.45% copper and 30.3 g/t silver;

• RDN-002 from 0 to 40.0 metres downhole: 40.0 metres assaying 2.94% zinc, 1.55% lead and 20.2 g/t silver, including higher grade intervals up to 5.0 metres wide grading 7.34% zinc, 5.67% Lead, 0.23% copper and 78 g/t silver;

• RDN-005 from 51.0 to 87.0 metres downhole: 36.0 metres assaying 1.63% zinc, 1.47% lead, 12.0 g/t silver and 0.49 g/t gold;

• RDN-010 from 18.0 to 54.0 metres downhole: 36.0 metres assaying 0.74% zinc, 0.61% lead, 0.11% copper, 7.0 g/t silver and 0.15 g/t gold.

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Sphalerite (zinc), galena (lead) and pyrite (iron) sulphide mineralisation in drill hole RDN005

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La Negra – Interpreted Section 1700N
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A B
RDN-005 RDN-010
36.0m@0.74%Zn, 0.61%Pb,
?
0.11%Cu, 7.0g/tAg, 0.15g/tAu
18.0m@0.58%Zn, 0.39%Pb,
4.4g/tAg, 0.13g/tAu 18.0m@0.82%Zn, 0.70%Pb, 4.5g/tAg,
0.08g/tAu
36.0m@1.63%Zn, 1.47%Pb,
12.0g/tAg, 0.49g/tAu ?
?
F F F
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High Potential for Discovery of Hidden Blocks of Base Metal Sulphide Breccias

Chargeability section with drill hole intercepts of breccia (purple) and base metal sulphides (yellow). Interpretation of mineralised breccia bodies shown as purple dashes.

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New Opportunities for Growth
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• Partners being sought for existing 100% Projects (CAs being signed)

• Re-Balancing Company’s Portfolio through introduction of Copper & Gold

• Applying Modern Exploration to Areas of Previous Artisanal Mining

• New Copper-Gold Projects in Chile

• Majada

• Others in evaluation

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Chile - New Opportunities for Growth
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Red Gum 100% Red Gum Acquisition

Third Party Project

400Mt @ 0.38% Cu + 3Moz Au

15.5Mt @ 0.51% Cu, 0.13g/t Au Majada 106Mt @ 0.40% Cu equiv. La Negra 144Mt @ 0.55% Cu, 0.22 g/t Au 2,125Mt @ 0.64% Cu, 0.02% Mo

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Chile – New Opportunities for Growth
Majada Copper-Gold Project
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0

Majada Oeste Cu-Au Project

km

Majada Este Cu-Au Project

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Chile – New Opportunities for Growth
Majada Copper-Gold Project - Detail
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0 2
Majada Oeste km
Cu-Au Project
Majada Este
Manuelito Cu-Au Project
San Lorenzo
Cu-Au
Cu-Au
Discovery
Discovery
Copper-Gold Workings
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Chile - IOCG (Iron Oxide Copper-Gold)
Majada Project
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Magnetics
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STRATEGY

• Team is expert in this Cu-Au mineralisation style Targeting kilometric zones of old copper-gold workings Rich copper oxides mined to 10-15 metres depth

• Copper sulphides (bornite-chalcopyrite) discovered below

• Potential for moderate-large sized sulphide resources

• Potential for entry at relatively low cost

• Initial Project enhancement through field geology & geophysics (modest investment)

• Seek strategic parties to fund future deeper drill exploration (larger investment)

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Why Invest in Red Gum?
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• Demonstrated ability to execute business strategy

• Demonstrated ability to identify superior exploration opportunities

• • Strong in-house Latin American expertise in operations and flow of new, high-quality, opportunities

• Identified potential commercial, polymetallic mineralisation at the previously undrilled La Negra site

• Substantially upgraded the prospectivity of the Cerro Huancash Project in Peru, demonstrating continuation of the Ariana polymetallic mineralisation zone currently being developed in adjacent tenement

• 100% ownership of projects provides future funding optionality

• Advancing Joint Venture Discussions on its 100% owned projects

• Significant upside in New Copper-Gold Project Opportunities

• Clear strategy to advance New Copper-Gold Projects

• Extremely competitively priced relative to junior explorer peers

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Competent Persons Statement
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The information in this document is based on information compiled by Dr Paul Pearson, who is Fellow of The Australasian Institute of Mining and Metallurgy. Dr Pearson is the Managing Director of Red Gum Resources Limited.

Dr Pearson has sufficient experience which is relevant to the style of mineralisation 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 ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Pearson consents to the inclusion in this document of the matters based on his information in the form and context in which it appears and verifies that it is based on and fairly and accurately reflects in the form and context in which it appears, the information in his supporting documentation relating to Exploration Results, Mineral Resources and/or Ore Reserves.

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Contact
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Red Gum Resources Limited (ASX : RGX) Suite 9 Lester Court 75a Angas Street Adelaide, SA, 5000

Dr Paul Pearson, Managing Director ppearson@redgumresources.com Tel: 08 8212 5724

www.redgumresources.com

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