ASX:RDR

Diggers and Dealers Mining Forum – August 2012

www.reedresources.com

Disclaimer

Summary information: This document has been prepared by Reed Resources Ltd ("Reed" or "the Company") to provide summary information about the Company and its associated entities and their activities current as at the date of this document. The information contained in this document is of general background and does not purport to be complete. It should be read in conjunction with Reed's other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange, which are available at www.asx.com.au.

Not a prospectus: This document is not ^a prospectus or ^a product disclosure statement under the Corporations Act 2001 (Cth) ("Corporations Act") and has not been lodged with the Australian Securities and Investment Commission. This document does not constitute an offer, invitation or recommendation to subscribe for or purchase any security and neither this document nor anything contained in it shall formthe basis of any contract or commitment.

The distribution of this document in jurisdictions outside Australia may be restricted by law and any such restrictions should be observed. Any failure to comply with such restrictions may constitute ^a violation of applicable securities laws. In particular, this document may not be released or distributed in the United States. This document does not constitute an offer to sell, or ^a solicitation of an offer to buy, securities in the United States. Any securities described in this document have not been, and will not be, registered under the US Securities Act of 1933 and may not be offered or sold in the United States except in transactions exempt from, or not subject to, registration under the US Securities Act and applicable US state securities law.

Not financial product advice: This document is for information purposes only and is not financial product or investment advice, nor ^a recommendation to acquire securities in Reed. It has been prepared without taking into account the objectives, financial situation or needs of individuals. Before making an investment decision, prospective investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs and seek legal and taxation advice appropriate to their jurisdiction. Cooling off rights do not apply to an investment in securities in Reed.

Investment risk: An investment in securities in Reed is subject to investment and other known and unknown risks, some of which are beyond the control of Reed. The Company does not guarantee any particular rate of return or the performance of Reed. Investors should haveregard to the risk factors outlined in this document.

Forward‐looking information: This document includes certain statements, opinions, projections, forecasts and other forward‐looking information which, while considered reasonable by Reed, are inherently subject to significant uncertainties and contingencies. Many known and unknown factors could cause actual events or results to differ materially from estimated or anticipated events or results included in this document. Recipients of this document are cautioned that forward‐looking statements are not guarantees of future performance – they must make their own independent investigations, consideration and evaluation of the opportunity to invest in the Company. By accepting this document, recipients agree that if they proceed further with their investigations, consideration or evaluation of the opportunity to invest in the Company, they will make and rely solely upon their own investigations and enquiries and will not in any way rely upon this document.

Any statements, opinions, projections, forecasts and other forward‐looking information contained in this document do not constitute any commitments, representations or warranties by Reed and its associated entities, directors, agents and employees, including any undertaking to update any such information. Except as required by law, and only to the extent so required, directors, agents and employees of Reed shall in no way be liable to any person or body for any loss, claim, demand, damages, costs or expenses of whatsoever naturearising in any way out of, or in connection with, the information contained in this document.

Financial data:All figures in this document are in Australian dollars (AUD) unless stated otherwise.

Competent person's statement

Unless otherwise indicated, mineral exploration, resource and reserve estimates contained in this document have been prepared in accordance with the 2004 edition of the Joint Ore Reserves Committee's Australasian Code for Reporting of Mineral Resources and Ore Reserves("JORC Code").

The information in this document that relates to Exploration Results, Mineral Resources and Ore Reserves is based on information compiled by Mr Craig Fawcett (MAIMM), ^a full time employee of Reed. Mr Fawcett has sufficient experience 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 JORC Code. Mr Fawcett consents to the inclusion in this document of the matters based on his information in the formandcontext in which it appears.

Agenda

JORCResources

l d G o	( ) T M t o n n e s	/ d ( ) G t r a e g	( ) O M u n c e s o z
l T R t o a e s o u r c e	6 4 8	1 9	3 8
k h M t e e a a r r a	6 3 9	8 1	3 6
l C V t o m e a e	0 8	7 7	0 2
i h i L t m u	( ) T M t o n n e s	( ) d G % r a e	( ) i2 k O L t
i M M t o u n a r o n	9 1 4	3 1 5	2 0 0 7
d i i i T V t a n u m a n a u m ‐	( ) T M t o n n e s	( ) d % G r a e	M t
b ( ) i i B T O a r r a m e 2	6 5 2	1 7 3	1 1 3
( ) b i V O B a r r a m e 2 5	6 2 5	0 8 2	0 4 5

Meekatharra GoldProject

Project Acquisition ‐ June 2011 \$11/oz Resource Outstanding address within the fertile Wydgee Greenstone Belt 1000 km2 over 110 km of strike 6 historically significant mining centres Multiple open pit & underground ore sources – 65 historically mined open pits Multiple open pit and underground exploration targets Comprehensive infrastructure & facilities (replacement +\$100M) 4.5 Moz produced 3.6 Moz Resource 752 koz Reserve Timing Purchase completed – July 2011 Stage 1 Feasibility Completion – Feb 2012 Decision to mine – Feb 2012 \$40 million Underwritten Entitlement Offer – May 2012 \$20 million debt facility commitment – July 2012 Commence mining – Oct 2012 Commencecommissioning – Dec 2012

Inventory (@A\$1,300/oz)

308 225 225 ²⁵⁹ 114 251 ³⁰⁹ 4930200400600800Mar‐11 Sep‐11 Nov‐11 Jan‐12 Reserves (koz) Underground Open Pit

50% increase in resource base since project acquisition – now at 3.6 Moz

Strong upside given limited exploration on majority of Reed's 1000km2 tenement area

Strong exploration committed to deliver long term, lower cost sustainable gold production

Total reserves (including underground) now at 752,000oz – majority in open pits

331% increase in open pit reserves since project acquisition

Includes two large scale open pits & high grade underground ore sources

Reed Resources Ltd

Project Strategy

		O O P R E‐ P R D U C T I N
2 0 1 1	& G R R t e n e r a e e s o u r c e e s e r v e f d i i i t t t t e s m a e r o m e s n g a a x	b l i i i d F S t t e a s y u y	b l h b i i E t s a s s n e s s c a s e u

2 0 1 2‐		S T A G E 1
2 0 1 4	k i i L t t t‐ o r s o p e n‐ p s a r p w u	k 1 0 0 t o p e r a n n m r a e ≈ z u	h f l G t t e n e r a e s r o n c a s o g w

		S T A G E 2
→ 2 0 1 2	l i i i E R t p o r e m a n n g e s o r c e x u	k 0 1 5 t o p e r a n n m r a e ≈ z u	l l i i d M t t p e o p e n‐ p a n u d d i t u n e r g r o u n o p o n s

		S G 3 T A E
→ 2 0 1 2	d b l i E R x p a n e s o u r c e a s e a p p y n g l l i h i t t t t t a e s e x p o r a o n e c n q u e s o f l i i t t t t c o n g o s e r e e n e m e n u u k p a c a g e	i L O M t e x e n s o n	i d f i l d N e a r‐ m n e a n g r e e n‐ e s l i t e p o r a o n x

		P 1 0 a g e

Stage 1 BFS Results

O G S P E R A T I N I N P U T
l le d Or M i e	2. 4 M t
d d de Fe He Gr e a a	/ 1. 8 8 t g
Re co ve ry	9 4 %
O P E R A T I N G O U T P U T S
d Re co ve re ou nc es	1 3 4, 0 0 0
\$ / @ A 1 2 0 Re 5 ve nu e oz	\$ l l 2 0 i io 5 m n
C F A D S	\$ i l l io 6 6 m n
h f lo la b le fo d bu Ca i i is i io ty tr t s av a r eq n w u	\$ l l 4 5 i io m n
U N I N G F D
Ca p ex	\$ i l l io 2 4 m n ‐
lu d Ow in in in in t ne rs co s c g m g	\$ l l i io 1 1. 4 m n ‐
i i bu io Eq Co ty tr t u n n	\$ i l l io 3 5. 4 m n
k l W in i ta or g ca p	\$ l l 8 i io m n ‐
lv in d i i l i	\$ i l l io 2 0 m n

ConstructionWork packages

l P t a n	( ) i d i i 3 M O C I L C t t p a x e r c u d O i i O 2 0 0 8 t t  n c a r e a n m a n e n a n c e s n c e c 'h ' d h N M j i t t t  e w e s o e a v y u y a w c r u s e r o n s e / f b h l l l h R i i i i i i i i t t  e u r s n g e x s n g m n g e a c c r c u h i n‐ o u s e h l l d C i i G R E t t t t  r u s e r n s a a o n c o n r a c a w a r ‐
C a m p	1 8 4 m a n c a m p f b h f d i i i i R t t t  e r s m e n o e s n g a c c o m m o a o n u x d d i i l b i l l d 8 0 t t t  a o n a r o o m s o e n s a e d N  e w r y m e s s d d A A P B t  a r e o w
P o e r w	i l l i l l M t n g p a n p o w e r s u p p y d l C O O B t t  o n r a c m o e d l f d N 8 M i i i t t  e w w e s e r e p o w e r s a o n d d C K P S t t  o n r a c a w a r e ‐

Stage 1: Ore Sources

l b i d B e r u	/ @ 1. 5 3 M 1. 9 t t  g 9 3, 3 0 0  o u n c e s 8 1 S R  : k h l b d l 1 B i i t t t <  m o e u e r p r o c e s s n g p a n
i B t a a v a	/ k 1 6 0 @ 2. 4 t t  g 1 2, 5 0 0  o u n c e s 1 1 1 S R  : k h l b d l 6. i i 5 B t t t  m o e u e r p r o c e s s n g p a n
h W t a n g a m a a	/ k 3 3 7 @ 1. 4 t t  g 1 5, 9 0 0  o u n c e s 7 1 S R  : k h l b d l 6 B i i t t t  m o e u e r p r o c e s s n g p a n
i S u r p r s e	/ k 2 @ 3. 0 1 7 t t  g 6, 8 0 0 1  o n c e s u S 1 1. 5 1 R  : k h l b l i d i 1 B t t t  m o e u e r p r o c e s s n g p a n

Growth

PADDYS FLATUNDERGROUND

ProbableReserve 2Mt @ 3.6g/t Au for 225,000oz

Growth

GrowthStrategy

CometVale

CometVale ‐ Scalable

GrantedML's

Tenure

Approved Mining Proposal
Grantedlicenses and permits
Productionsuspended
Infrastructure
Services
Transport
Local
Processing

CometVale ‐ Expandable

l d d h d D i i t t  e v e o p m e n s o p p e n o r e g r a e e a n g s b l k l i d d S t  o p n g o c s e v e o p e l l k d d f i M t  p e n o n n e r g r o n o r e s r a c e s u w u u u d b l E p a n a e x l k d d d d l O i i t  p e n a o n g s r e, o w n p a n o w n p u n g e d f d O i i i i t t  p e n p o r e s o u r c e s e n e l d l f l l h f A i i i t t t t  e r n a v e e c n e a c c e s s r o m o p e n p v e r s u s s m a s a a c c e s s
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

CometVale ‐ Expandable

CometVale ‐ Growth

Mount Marion LithiumProject

Ownership & Operating Structure

70% RDR & Mineral Resources ("MIN") earning 30%

No financial leakage with MIN funding sunk costs

No upfront capital expenditure with MIN operating from mine to port

Lithium Carbonate prices are firm whilst spodumene prices are subdued Work Streams & Catalysts
Significant change in dynamics Demand/Supply e.g. Talison expansion 400kt to 780kt

Catalysts ‐ stronger spodumene prices, or

Decision to downstream into lithium battery feed‐stocks – evaluating new technology

Potential for partial sale or JV with lithium battery feedstock producer/end user, or
IPO/RTO as integrated lithium developer

Barrambie TitaniumProject

Key Messages

• Corebusiness
•Disciplined
•Staged
•Scalable
•Expandable

Meekatharra

•High grade

• Productionready
•Expandable
•Scalable
•Non‐core

CometVale

• Mineready
•Funded
•Expandable
•Scalable
•Catalysts required

•High grade
• Mineready
•Expandable
•Scalable
•Catalysts required

Barrambie

For further informationon Reed Resources, please contact:

Luke TonkinReed Resources Ltd T: +61 89322 1182 E:[email protected]

www.reedresources.comPage 26

Appendices

www.reedresources.com

Corporate Overview

S C O A X D	E R D R :
----------------------------	-----------------------

l ( ) L 1‐ A 1 2 t t‐ a s c o s e u g u s	\$	0. 1 8
h i S a r e s o n s s e u	M	4 6 4. 1
( ) h C J 3 0, 2 0 1 2 a s u n e	\$ m	4 0. 3
k l i i i M t t t a r e c a p a s a o n	\$ m	8 1

12 MONTHSHARE PRICE

D I R E C T O R S
d d i D R a v e e	h i C a r m a n
k k i L T u e o n n	i i & M D C E O t a n a g n g r e c o r
h i d C R r s e e	i i E D t t x e c u v e r e c o r
l S C t e v e n o e	h i D C t e p u y a r m a n
h i D V G t r a n e s s a u r e	i i N E D t t o n x e c u v e r e c o r
l l i D P C t r e e r o n s	i i N E D t t o n x e c u v e r e c o r

MAJORSHAREHOLDERS

( l ) 2 0 1 0 J 1 2 T o p u y	4. 2 % 5 5
A M P	% 6
d d D i R a v e e	6 %
/ & d M G V a n g u a r	1 4. 5 %

Appendix 1: Reserve & Resource

i D t e p o s	R e s o u r c e C t a e g o r y	T o n n a g e ( ) M t	A u / ( ) t g	A u ( ) k o z
k. h M No t ee r	d d In ica te	1. 2	1. 8	6 5. 7
	fe d In rre	0. 2	1. 6	9. 3
d dy la Pa F t s	d d In ica te	2 5. 2	1. 6	1, 2 8 0. 7
	fe d In rre	1 3. 4	1. 6	6 7 0. 0
lo da Ya in g	d d In ica te	1 0. 0	1. 7	5 6 3. 6
	fe d In rre	6. 3	1. 7	3 4 6. 9
Na in nn e	d d In ica te	0. 6	1. 6	3 0. 9
	fe d In rre	0. 2	1. 6	1 2. 7
dy Re e s	d d In ica te	2. 7	3. 1	2 7 6. 4
	fe d In rre	4. 0	2. 7	3 3 7. 9
l To ta		6 3. 9	1. 8	3, 5 9 4. 1

it De p os	Re rve Ca se te g or y	To e ( nn ag ) Mt	Au ( / ) t g	Au ( ) ko z
lue b ir d B	ba b le Pro	1. 4	1. 9	8 6. 0
h So Ju ut t. nc	ba b le Pro	0. 1	1. 5	4. 5
h b Pro i it ion	ba b le Pro	1. 1	2. 7	9 6. 0
Su ise rp r	ba b le Pro	0. 1	3. 0	1 3. 0
Ba ia tav	ba b le Pro	0. 2	2. 4	1 4. 0
ha W ata ng am	ba b le Pro	0. 3	1. 4	1 1. 9
G N H	ba b le Pro	0. 9	1. 3	3 5. 6
k Ja Ry c an	ba b le Pro	0. 2	3. 1	2 1. 8
l l Ca ist o	ba b le Pro	0. 1	3. 1	7. 2
d Ra n	ba b le Pro	0. 1	2. 4	7. 6
ic ke lan M Do y o	ba b le Pro	3. 3	1. 1	1 2 1. 7
i d ion Ma Ma r	ba b le Pro	0. 2	1. 4	8. 7
la d d in A	ba b le Pro	0. 4	1. 7	2 1. 5
So h Em ut u	ba b le Pro	0. 1	4. 7	1 3. 9
T O T T	ba b le Pro	0. 5	1. 8	2 9. 4
/ b l ( ) Su To O P it ta	ba b le Pr o	8. 9	1. 7	4 9 2. 9
h b Pro i it ion	ba b le Pro	1. 3	2. 4	1 0 4. 1
/ V iv ian Co ns	ba b le Pro	0. 3	7. 7	6 3. 6
/ d. Fa M tts u	ba b le Pro	0. 4	4. 7	5 7. 2
h So Em ut u	ba b le Pro	0. 2	4. 3	3 4. 2
/ b l ( ) Su To U G ta	ba b le Pr o	2. 2	3. 6	2 5 9. 1
l To ta	ba b le Pr o	1 1. 2	2. 1	7 5 2. 0

1. Resources and reserves comply with the Australian JORC Code reporting guidelines
1. Resources are inclusive of reserves

Appendix 1: Reserve & Resource

Mt Ma ion r	Ca teg ory	( ) To Mt nn es	( ) L i2 O %	( kt ) L i2 O
1, 2, 2W 4, 5, 6 ,	d Me asu re	2.0	1.4 5	29 .2
	dic d In ate	4.8	1.3 9	66 .3
	fer In d re	8.1	1.3 0	10 5.1
l To ta		14 .9	1.3 5	20 0.7

b ie Ba rra m	Ca teg ory	( ) To Mt nn es	( % ) V2 O5	iO2 ( % ) T
bie Ba rra m	dic d In ate	49 .2	0.8 2	17 .3
	In fer d re	16 .0	0.8 1	17 .2
l To ta		65 .2	0.8 2	17 .3

b Ba ie rra m	Ca teg ory	( ) To Mt nn es	( ) V2 O5 %	( ) T iO2 %
bie Ba rra m	ba b le Pr o	39 .7	0.8 2	15 .7
l To ta		39 .7	0.8 2	15 .7

le Co Va t me	Ca teg ory	( ) To Mt nn es	/ (g ) Au t	l d ( ko ) Go z
le Co Va t me	dic d In ate	0.4 1	7.2	96 .9
	fer d In re	0.4 3	8.1	11 2.6
l To ta		0.8 5	7.6	20 9.5

1. Resources and reserves comply with the Australian JORC Code reporting guidelines
1. Resources are inclusive of reserves

Open Pit Mining Strategy

	R e s e r v e 1 i L t o c a o n	T o n n a g e ( ) k t	d G r a e / ( ) t g	d i C t o n a n e l d ) 2 ( G o o z	R e c y ( o v e r ) %	i S t r p i R t a o	i i & M n n g l l i i M g ( n \$ / ) o z
S t a g e 1	lu b ir d B e	1, 3 9 0	1. 9	8 6, 2 0 0	9 4	8: 1	8 7 8
	ia Ba ta v	2 0 0	2. 4	1 4, 0 0 0	9 5	1 1: 1	7 3 6
	ha W ta ng am a	2 5 9	1. 4	1 1, 9 0 0	9 0	7: 1	1 0 0 7
	Su ise rp r	1 3 6	3. 0	1 3, 0 0 0	9 4	2: 1	3 7 5
io Ex te ns n S t a g e 2	G N H	8 8 0	1. 3	3 5, 6 0 0	9 4	2: 1	9 7 4
	h S Ju io t t nc n	9 7	1. 5	4, 5 0 0	9 3	7: 1	9 3 8
	h b Pr i i io t o n	1, 1 1 0	2. 7	9 6, 0 0 0	9 0	2 1: 1	1 0 8 4
	ke M ic y la Do o n	3, 3 1 2	1. 1	1 2 1, 7 0 0	8 8	3: 1	1 1 2 9
	la d d in A	3 8 4	1. 7	2 1, 5 0 0	9 4	5: 1	8 5 0
	i d io M M a ar n	1 9 2	1. 4	8, 7 0 0	9 4	5: 1	9 9 6
	T O T T	5 0 5	1. 8	2 9, 4 0 0	9 6	7. 5: 1	9 1 0
	k Ja Ry c an	2 2 2. 5	3. 1	2 1, 8 0 0	9 6	1 9: 1	1 0 8 6
	l l Ca is to	7 2. 5	3. 1	7, 2 0 0	9 6	1 4: 1	8 1 1
	d Ra n	1 0 0	2. 4	7, 6 0 0	9 6	1 4: 1	9 3 9
	h So Em t u u	9 1. 1	4. 7	1 3, 8 0 0	9 2	2 5: 1	8 3 9
	l T t o a	8 9 5 1 ,	1 7	4 9 2 9 0 0 ,	9 2	7 5 1 :	9 8 4
				3 1 P a g e	1 R es 2 O ne	t er ve s co rre c as Tr ou nc e ua	f 3 1 Ja 2 0 1 2 o nu ar y l 3 1. 1 0 3 4 8 to ra m s
						oy eq	g