PRODIGY GOLD NL — Capital/Financing Update 2015

Feb 18, 2015

A High-Grade Australian Gold Company

19 February 2015

ASX:ABU

DISCLAIMER

This presentation has been prepared by ABM Resources NL ("ABM" or the "Company"). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this presentation.

This presentation contains forecasts and forward looking information. Such forecasts and information are not a guarantee of future performance, involve unknown risks and uncertainties. Actual results and developments will almost certainly differ materially from those expressed or implied. ABM has not audited or investigated the accuracy or completeness of the information, statements and opinions contained in this presentation. Accordingly, to the maximum extent permitted by applicable laws, ABM makes no representation and can give no assurance, guarantee or warranty, express or implied, as to, and take no responsibility and assume no liability for, the authenticity, validity, accuracy, suitability or completeness of, or any errors in or omission from, any information, statement or opinion contained in this presentation. 03 NOV 2014

You should not act or refrain from acting in reliance on this presentation material. This overview of ABM does not purport to be all inclusive or contain all information which its recipients may require in order to make an informed assessment of the Company's prospects. You should conduct your own investigation and perform your own analysis in order to satisfy yourself as to the accuracy and completeness of the information, statements and opinions contained in this presentation and making any investment decision.

TECHNICAL STATEMENT / COMPETENT PERSONS STATEMENT

The information in this announcement that relate to Exploration Results & Mineral Resources (announced previously and before 1st December 2013) is based on information compiled by Mr Darren Holden who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Holden is a full time employee of ABM Resources NL and 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 Exploration Results, Mineral Resources and Ore Reserves". Mr Holden consents to the inclusion in the documents of the matters based on this information in the form and context in which it appears.

The information in this announcement and Appendix B that relate to Exploration Results and Mineral Resources (announced post 1st December 2013) is based on information compiled by Mr Darren Holden and Mr John Ingram who are both Members of The Australasian Institute of Mining and Metallurgy. Mr Holden and Mr Ingram are full time employees of ABM Resources NL and have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2012 edition of the "Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves". Mr Holden and Mr Ingram consent to the inclusion in the documents of the matters based on this information in the form and context in which it appears.

The information in this report that relates to mining parameters, mine designs and costs is based on information compiled by Mr Brad Valiukas who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Valiukas is employed by BV Mining Pty Ltd and provides technical and management services to ABM Resources NL. Mr Valiukas has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Valiukas consents to the inclusion in the report of the matters based on this information in the form and context in which it appears.

Refer to previous Company Press-Releases for full resource estimation details, drill hole details, and intercept calculations. A full list of announcements is provided in Appendix C.

Offer Structure	ABM Resources is raising approximately $12.7 million via:•An institutional placement ofup to 22.7 million shares to raise approximately $5 million ("Placement"); and•A 1:8 non-renounceable fully underwritten entitlement offer to raise approximately $7.7 million("Entitlement Offer")•The placement shares will not be eligible toparticipate in the Entitlement Offer and will representapproximately 6.75%of the issued capital post completion of the Entitlement OfferNew shares will rank paripassuwith ABM Resources' existing shares••Provisionalso made for additional placement of 6.8 million shares for $1.5 million under original agreementwith Pacific Road Capital (note 1)
Offer pricing	The Offer Price is $0.22 per new share. This represents a discount of:•18.5% to the last close•20.6% to the 5 day VWAP•28.1% to the 30 day VWAP15.9% to the TERP (note 2) of $ 0.261•
Substantialshareholderparticipation	Pacific Road CapitalManagement and APAC Resources have committed to subscribe for their full entitlementsunder the Entitlement Offer
Use of proceeds	Development of the Old Pirate gold project, to increase extensionalexploration activity, and general workingcapital expenses
Bookrunners,Underwriters andJoint Lead Managers	Argonaut Capital Limited & CanaccordGenuity(Australia) Limited

Note 1: Pacific Road arrangement includes provisions for maintaining their holding at original investment level. Refer announcement 13/02/2014

Note 2. TERP is the theoretical ex-rights price of ABM Resources shares assuming the Offer is successfully completed and all shares under the Offer are issued based on the closing price of ABM Resources on Monday, 16 February 2015 of A$0.27. TERP is a theoretical calculation only and the actual price at which ABM Resources shares trade will depend on many factors and may not be equal to the TERP.

Key Investment Highlights

• High grade, high margin near term gold production at Old Pirate(note 1)
  • Existing resource estimation of 640,000 ounces at 11.7g/t gold
  • First year's open pit production guidance of 50,000-60,000 ounces at a head grade of 11g/t 13g/t
  • A$690-790 per ounce operating cost target
  • A$750-870 per ounce "all in" sustaining cost target
  • High metallurgical recoveries estimated at >97% including >85% expected by gravity methods.
  • Development underway with first ore stockpiling expected in March and commissioning expected in May 2015
• Coyote Mill lease and option to purchase agreement provides low cost start up capex solution (note 2)
  • Pay back period of less than one quarter at current A$ gold prices
• Equity raising allows ABM Resources to remain debt free
  • Allows an increase in extensional exploration activity at Old Pirate and environs
  • ANZ working capital facility remains in reserve
  • Anticipated strong operating cashflows accrue for the benefit of shareholders
• Supportive long term strategic shareholders account for ~35% of the register
• Near mine and regional exploration offering potential upside:
  • New near mine zones such as Vampire with multiple veins & visible gold (note 3)
  • New high-grade zone at Old Glory South (note 4)
  • Multiple other targets and extensions for potential high-grade vein gold deposits within trucking distance to Coyote Plant
  • Buccaneer Porphyry Gold Deposit with 1.1 million ounces of gold in resource estimation (note 5)

Note 1: Refer announcements dated 30/09/2014 for full details and also Appendix B Note 2: Refer announcement dated 07/07/2014 for full details. Note 3: Refer announcement dated 18/07/2014 for full details Note 4: Refer announcement dated 29/07/2014 for full details Note 5 Refer Annual Report 30 June 2014 (released 19/08/2014)n and also Appendix B

Use of Proceeds

Sources of funds	$m
Cash in bank 31January 2015	12.0
Gross proceeds from transaction	14.2
Total – (see note 1)	26.2
Uses of funds	$m
Bring the Old Pirate gold project into production:
•Capital Costs including Coyote Plant refurbishment, access road upgrade and camp upgrade	4.6
•Prefirst revenue operating costs: pre-strip of waste, mining and stockpiling of ore & commissioning (see note 2)	11.7
•Contingency 10%	1.6
Working capital and increased exploration activity:	8.3
•Exploration is targeting near-mine & prospects in the transport corridor to Coyote Plant including:-Vampire Prospect-Old Glory South Prospect-Bandit Prospect-Casa Prospect
Total	26.2

Note 1: Includes Additional Placement. Furthermore, ABM has a working capital facility with the ANZ for up to $10M. This facility is subject to certain draw-down provisions and conditions precedent which are currently being renegotiated. This facility is being kept as a reserve. Note 2: These costs are those mining costs incurred before first revenue from gold sales, and are accounted for as operating expenses in the Company's All In Sustaining Cost Estimates

19 February 2015

Event	Date
TradingHalt	17 February 2015
PlacementOfferOpens	17 February 2015
PlacementClosesandEntitlementOfferannounced	19 February 2015
ReleaseofOfferDocumentandCleansingNoticetoASX	19 February 2015
Appendix 3B lodgedwithASX	19 February 2015
TradingResumes	19 February 2015
NoticesenttoShareholders	23 February 2015
Exdate(datefromwhichsecuritiescommencetradingwithouttheEntitlementtoparticipateintheOffer)	24 February 2015
PlacementSettles	25 February 2015
RecordDate (datefordeterminingEntitlementsofEligibleShareholdertoparticipateintheOffer)	26 February 2015
OfferDocumentandpersonalisedEntitlementandAcceptanceFormssenttoShareholders	3 March 2015
ClosingDate (Offercloses 5pmAustralianWesternStandardTime)	13 March 2015
Securitiesquotedon a deferredsettlementbasis	16 March 2015
NotificationtoASXofShortfall	17 March 2015
Issuedate/NewSharesenteredintoShareholders'holdings	20 March 2015

*The above dates are indicative only and subject to change at the discretion of the Joint Lead Managers and the Company

Board, management and structure

Board of Directors

Major Shareholders

Current Capital Structure

Dr Mike Etheridge	Non-ExecutiveChairman	Top 5 Shareholders
Mr Darren Holden	Managing DirectorNon-Executive Director	Pacific Road Capital	19.52%
		APAC Resources	15.49%
Mr Graeme Sloan		J P Morgan Nominees	6.62%
Mr Andrew Ferguson	Non-Executive Director	Citicorp Nominees	3.79%
Dr Helen Garnett	Non-Executive Director	HSBC	2.25%
		Total	47.67%
Mr Richard Procter	Non-Executive Director

Management

MsJuttaZimmermann GM	Corp /CFO / CS	ASX Code	ABU
MrCraigDawson	GeneralManagerOperations	Shares on issue	279M
		Cash	$12M*
Mr John Ingram	Senior Mine Geologist	Debt	$0**
Mr Pascal Hill	Exploration Manager	Market Cap (at 27 cents)	~$75M

Dr Leon Vandenberg Chief Geoscientist (Alice Springs)

*End of January 2015

****ABM has a working capital facility with the ANZ for up to $10M. This facility is subject to certain drawdown provisions and conditions precedent which are currently being renegotiated. This facility is being kept as a back up by ABM.

Business Model – A 360 Degree Gold Business

8

Largest land holding in Australia – >40,000 sq km

Twin Bonanza: Large Resource Base at Low Discovery Cost

(see Appendix B for details)

Old Pirate High-Grade Gold Deposit – The key points

Point	Summary
New discovery	A new gold camp with no legacy
Highgrade	ounces @ 11.7g/t (note 1)640,000
	5 times typicalopen pit grade in Australia
Trial Mining complete(note 2)	13 trial pitsup to 5 metres deep
	15.4g/t head-grade achieved by mining to geological boundaries
	Excellent metallurgy
From surface openpits	Goldfrom surface, visible gold in outcroppingveins
Plant secured	240Ktpa Coyote Gold Plant (note 3)
Permits	EIS approved, Mineral Lease granted
	Traditional Owner agreement signed
	Mine ManagementPlanapproved
Infrastructure	Water –Groundwaterplentiful
	Power –Diesel generators
	Access –Via public roads
Upsidepotential	New high-grade zones such as Vampire Prospect andOld Glory South
	Buccaneer Porphyry – large scale gold porphyry hosted system

Note 1: Refer announcement 30/09/2014 and Appendix B

Note 2: Refer Quarterly activities and cash flow report for 3months ended 31 March 2014. Released 30/04/2014 Note 3: subject to conditions precedent / subsequent including recommissioning – refer announcement made 07/07/2014

Old Pirate – Highest grade surface deposit in Australia

High-grade from surface to >250m depth

Old Pirate Trial Mining – what did we learn?

15.4g/t head grade (note 1) High gravity recovery

Mining dilution well controlled by visual geology Produced at higher grade than resource estimation Geological understanding greatly increased

Note 1: Refer Quarterly activities and cash flow report for 3months ended 31 March 2014. Released 30/04/2014

19 February 2015 Understanding the system through staged mining

Coyote Gold Plant – lease agreement

• 240Ktpa CIL Plant located 77km haulage distance on existing roads
• A$2M pa lease for up to 2 years with option to purchase for A$3M
• Reduces capital expenditure requirements
• Reduces construction / commissioning risk
• Delivers higher metallurgical recoveries (97 to 99%)
• Reduces environmental footprint at Old Pirate
• Increases upside and optionality

• Provides scalability and expansion capability for further discoveries and extensions
  • >60 prospects within a 90km radius

Subject to conditions precedent / subsequent including recommissioning – refer announcement made 07/07/2014

Lower cost & lower risk entry

First year production guidance

5 initial starter pits

35m average depth

• ~150,000 tonnes to be mined and processed in first year
• 11g/t to 13g/t gold estimated head-grade
• 50,000 to 60,000 ounces gold to be produced
• $690 to $790 per ounce operating costs
• $750 to $870 per ounce AISC
• $4.6M initial capital costs

Note 1: Refer announcement 30/09/2014 and Appendix B

Old Pirate critical path - updated schedule

• 12 week period* to commissioning
  • Weeks 1 to 4
    • Site establishment
    • Access road grading
    • Pre-strip
  • Weeks 4 to 8
    • Mining & stockpiling of first ore
    • Coyote plant refurbishment starts
  • Weeks 8 to 12
    • Coyote Plant refurbishment completion
    • Commissioning with 10,000 tonne parcel

* Subject to change and dependent on access during wet season

Old Pirate continuing the staged approach…

STAGED APPROACH

• Only 10% of the total overall resource to be mined in the first year
• Further insights into geology and geometry to inform expanded design
• New near surface high-grade zones such as Old Glory & Vampire

"Staged Approach" – designed to reduce risk through staged capital and development expenditure whilst exposing the ore-system to increase understanding

Twin Bonanza – A camp of discoveries

Note 1: Refer 2 announcements dated 30/09/2014 for full details and also Appendix B Note 2 Refer Annual Report 30 June 2014 (released 19/08/2014)n and also Appendix B

19 February 2015 Twin Bonanza – more than 80 km2 of anomalism

Twin Bonanza – A camp of discoveries

New untested zones

VAMPIRE Prospect (note 1) – untested outcropping high-grade gold in veins

• Vampire is 14km NNE of Old Pirate
• High grade veins
• Visible Gold at surface
• Aiming to trench and drill test 2015

Note 1: Refer announcement dated 18/07/2014

Buccaneer Gold Porphyry – 5km from Old Pirate

• Intrusive related gold deposit
• Footprint 650m x 550m (~70 football pitches)
• >100m wide mineralised zones
• Metallurgical drilling complete, pending analysis

Category	Tonnes	Grade(g/t Au)top-cut	Grade(g/t Au)uncut	OuncesGoldtop-cut	Ounces golduncut
Indicated	7,117,000	2.00	2.25	458,500	515,300
Inferred	8,183,000	2.43	2.78	639,700	732,200
Total	15,300,000	2.23	2.54	1,098,200	1,247,500

Refer Annual Report 30 June 2014 (released 19/08/2014)n and also appendix b

Large scale / bulk tonnage potential

Regional Projects – Stepping further afield

Note 1: Refer Annual Report 30 June 2014 (released 19/08/2014)n and also Appendix B

Consolidated position in under-explored world-class belt

Regional Projects – Independence Group alliance

• Lake Mackay >10000 sq km project
• New gold anomalies
• New Ni-Cu-Co & manganese targets (note 1):
  • 7x5km nickel in soil anomaly
  • Sulphur saturated mafic intrusions
  • High grade nickel, cobalt and manganese samples
  • Further 3500 square kilometres of further applications covering belt of mafic intrusions
  • Targeting:
    • Magmatic Ni-Cu-Co sulphides (Voisey Bay analogues)
    • High grade Ni-Co laterites
    • Manganese

Note 1: Refer announcement 30/01/2015

Exploration upside without cost

Summary – Building a Gold Business

• Highest grade open pit development gold project in Australia
• Staged development and capex
• Plant already in place Coyote agreement
• Extensional exploration
• Pipeline of future projects Buccaneer, Hyperion, other targets
• Consolidated land position in the final frontier for gold in Australia
• Blue-sky upside Lake Mackay (IGO funded) & ABM's regional portfolio
• No debt
• Supportive shareholders
• Good capital structure

19 February 2015

For further information contact ABM Resources NL

Managing Director – Darren Holden

CFO & GM Corporate – Jutta Zimmermann

Chairman – Mike Etheridge

www.abmresources.com.au

admin@abmresources.com.au

Tel +61 8 9423 9777

Appendices

Board of Directors

Dr Mike Etheridge Non-Executive Chairman

Mr Darren Holden Managing Director

Mr Graeme Sloan Non-Executive Director

Mr Andrew Ferguson Non-Executive Director

Dr Helen Garnett Non-Executive Director

Mr Richard Procter Non-Executive Director

Senior Management

Ms Jutta Zimmermann General Manager Corporate CFO & Company Secretary

Mr Craig Dawson General Manager Operations Dr Etheridge is a geologist with over 40 years' experience in exploration, mining, consulting and research. Until 2004 he was Chairman of the consulting firm SRK Consulting (Australia), having co-founded its predecessor, Etheridge Henley Williams in 1990. Dr Etheridge is a former board member on Consolidated Minerals and Lihir Gold and is currently Chairman of Clancy Exploration Ltd.

Mr Holden is a geologist with over 20 years experience in mining and exploration. Mr Holden has previously held the role of Senior Consultant & VP at Fractal Geoscience / Geoinformatics Exploration and was involved in modelling and targeting on a wide range of deposit styles. Mr Holden was a leading member of the team that won the GoldCorp Challenge in 2001.

Mr Sloan is a Mining Engineer with extensive corporate and operational experience both within Australia and overseas and is currently CEO of Herencia Resources PLC. He has held senior roles with several companies, and has been responsible for the successful development and commissioning of various projects over a range of different commodity types.

Mr Ferguson is an Executive Director and the Chief Executive Officer of APAC Resources Limited, a natural resources investment company listed on Hong Kong Stock Exchange. Mr Ferguson holds a Bachelor of Science Degree in Natural Resource Development and was a mining engineer in the mid 90's. He has a proven track record in fund management.

Dr Garnett is a resident of the Northern Territory and an accomplished director and leader. Dr Garnett has previously held the roles of Vice Chancellor of Charles Darwin University (2003 to 2008) where she still retains an Emeritus Professorship, and Chief Executive and Director of the Australian Nuclear Science and Technology Organisation (1993 to 2003).

Mr Procter is a mining engineer with 30 years of international experience, encompassing roles in the corporate, operations, contracting and mine development areas. Mr Procter has held senior industry positions demonstrating leadership and management of base and precious metal mining companies and development of feasibility studies and their conversion into mining operations.

Ms Zimmermann is an accountant (Australian AQF diploma level) with over twenty five years of experience (Germany and Australia) in accounting, taxation and management. She holds a diploma in information technology (Australian bachelor degree level) from the Furtwangen Polytechnic and a graduate diploma in applied corporate governance.

Craig Dawson is a mining engineer with considerable mine development experience and expertise spanning three decades. Mr Dawson previously held the role of General Manager Operations with Sandfire Resources, where he led the successful development and commissioning of the DeGrussa Copper Project in Western Australia.

Appendix B – Resource estimation & production guidance – Old Pirate

Old Pirate Resource Estimation September 2014
CategoryTonnesGold Grade (g/t)Ounces
IndicatedResource	820,000	8.5	225,000
InferredResource	880,000	14.7	410,000
Total1,700,00011.7640,000

*Note - totals may vary due to rounding.

Production guidance based on grade-control models		Capital Cost Estimates
	Production	Capital Costs - Old Pirate Mine	Pre-commissioning (AUD)
Processing year 1	guidance	Access road upgrade:	$1.0M
	~150,000 tonnes	Camp upgrade:	$0.4M
Estimated ore to be processed (t):		Site establishment:	$0.6M
	11g/t to 13g/t gold	Mining establishment:	$0.5M
Estimated head grade (Au g/t):		Other costs Old Pirate: (1)	$0.6M
		Sub-total Old Pirate Mine	$3.1M
	97%	Capital costs – Coyote Plant	Pre –commissioning (AUD)
Estimated metallurgical recovery:		Re-commissioning works:	$1.0M
	50,000 to 60,000	First plant fills:	$0.3M
Estimated recovered ounces (Au):	ounces	Other costs Coyote:	$0.2M
		Sub–total Coyote Plant:	$1.5M

1. Other costs Old Pirate: includes costs for pre-production safety & environmental capital equipment, and rates and rents including statutory land-owner payments to traditional owners.

Total capital pre-commissioning (2) $4.6M

2. No contingency applied to total, however, ABM is applying a contingency factor for internal budgeting purposes.

Refer release dated 30th September, 2014 for full details.

Appendix B – Resource estimation & production guidance - Old Pirate

Operating cost estimate
Operating costs	Per tonne of ore (AUD)	Per ounce recovered(AUD)
Mining: (1)	$130	$320 to $380
Haulage:	$20	$45 to $55
Processing:	$50	$125 to $140
G&A Old Pirate: (2 & 4)	$50	$120 to $130
G&A Coyote: (3)	$30	$75 to $90
Total	$280	$690 to $790

1. Includes pre-stripping of up to the first 5 metres of waste either side of the trial mine pits and ahead of mining and stock-piling ore. As not all known mineralised zones were mined in the trial mine pits, some mineralisation will be contained in the pre-strip (normal recognition for pre-stripping would be included in capital estimates).

• 1. G&A Old Pirate includes camp operating costs, flights, accommodation, logistics, safety and environment, rates and rents and traditional owner royalties.
• 1. G&A Coyote includes camp operating costs, flights, accommodation, logistics, laboratory, safety and environment and rates and rents.

All-in sustaining cost estimation compared to operating cost estimate
Costs	Production guidance (AUD)
Operating cost estimate (as above)	$690 - $790
All in sustaining cost: (1)$750 - $870

1. Includes operating costs + sustaining capital, maintenance, further delineation & extensional exploration.

Refer release dated 30th September, 2014 for full details.

Buccaneer Higher Grade Zone Resource at 2g/t cut-off
Category	Tonnes	Grade (g/t Au)top-cut	Grade (g/tAu) uncut	Ounces goldtop-cut	Ounces golduncut
Indicated	2,261,000	3.39	4.17	246,200	303,000
Inferred	3,573,000	3.75	4.56	431,100	523,500
Total	5,834,000	3.61	4.41	677,300	826,500

Buccaneer Higher Grade Zone Resources at 1g/t cut-off
Category	Tonnes	Grade (g/t Au)top-cut	Grade (g/tAu) uncut	Ounces goldtop-cut	Ounces golduncut
Indicated	7,117,000	2.00	2.25	458,500	515,300
Inferred	8,183,000	2.43	2.78	639,700	732,200
Total	15,300,000	2.23	2.54	1,098,200	1,247,500

		Buccaneer Bulk Tonnage Resource at 0.2g/t cut-off
0.2g/t cut off	Million tonnes	Gold (g/t)	Million ounces
Indicated	34.0	0.64	0.702
Inferred	93.9	0.65	1.970
Total	127.9	0.65	2.672

*Note - totals may vary due to rounding. Refer press release 5th February 2013 and 16th April 2012 for details; Re-reported in 2013/14 annual report to be compliant with JORC 2012.

Hyperion Gold Project Resource estimation without top-cut
0.8g/t cut off	Tonnes	Gold (g/t)	Ounces
Hyperion Central	2,209,000	2.14	152,100
Hyperion South	768,000	2.71	66,800
Total	2,977,000	2.29	219,000
2g/t cut-off	Tonnes	Gold (g/t)	Ounces
Hyperion Central	875,000	3.36	94,400
Hyperion South	272,000	5.37	47,000
Total	1,147,000	3.83	141,400

Hyperion Gold Project Resource estimation with 50g/t top-cut
0.8g/t cut off	Tonnes	Gold (g/t)	Ounces
Hyperion Central	2,209,000	2.06	146,600
Hyperion South	768,000	2.25	55,500
Total	2,977,000	2.11	202,200
2g/t cut-off	Tonnes	Gold (g/t)	Ounces
Hyperion Central	875,000	3.17	89,100
Hyperion South	272,000	4.08	35,700
Total	1,147,000	3.38	124,800

*Note - totals may vary due to rounding. Refer press release 16th April, 2012 for details. Re-reported in Annual Report 2013/14 to be compliant with JORC 2012.

Appendix C – List of ASX announcements

List of ASX announcements relating to technical results in this presentation Please refer for intercept calculation method, resource estimation, assay results and sampling techniques etc.

	30/01/2015 Mining ContractorSelected & Mobilisation Commencing
	30/01/2015 High-GradeNickel, Cobalt and Manganese
21/10/2014	Suplejack Option Provides Additional High-Grade Gold Targets
30/09/2014	Old Pirate Resources Estimation Update
29/07/2014	New Shallow High-Grade Zone intersected at Old Pirate
28/07/2014	Old Pirate High-Grade Gold Deposit Drilling Update
18/07/2014	High-Grade Assays up to 161g/t Gold from Vampire Prospect
07/07/2014	ABM Secures Coyote Plant for Treatment of Old Pirate Ore
25/06/2014	Update on Infill and Extensional Exploration at Old Pirate
14/05/2014	ABM Expands Footprint in Twin Bonanza Area
01/04/2014	Mineral Lease at Old Pirate Granted
25/02/2014	Trial Mining Update Geological and Grade Control Analysis
06/02/2014	65 Gold Anomalies Identified at Lake Mackay Project
12/12/2013	ABM Hits 3000 Ounce Target from Trial Mining
11/11/2013	Trial Processing Accelerates at the Old Pirate Gold Project
08/10/2013	Trial Mining and Processing Update at Old Pirate
18/09/2013	Trial Mining and Processing Update at Old Pirate
04/09/2013	Processing of High-Grade Material Underway at Old Pirate
16/08/2013	Trial Mining Continues and Commissioning of Plant Underway
01/08/2013	Trial Mining Update at Old Pirate High-Grade Gold Project
03/07/2013	Trial Mining & Processing Update at Old Pirate Gold Project
12/06/2013	Trial Mining & Processing Update at Old Pirate Gold Project
29/05/2013	More High-Grade Gold in New Zones Near Old Pirate
29/04/2013	Bandit Trend Near Old Pirate with Samples to 108g/t gold

09/04/2013	More High-Grade Gold at Old Pirate
18/03/2013	Trial Mining Permit Received for Old Pirate Gold Project
05/02/2013	Buccaneer Higher Grade Zones Establish Growth Pathway
04/02/2013	Significant Upgrade for Old Pirate sets ABM for Trial Mining
26/11/2012	Old Pirate Western Limb Widens with High-Grade at Depth
19/11/2012	New High Grade Veins Uncovered at Surface at Old Pirate
16/11/2012	First Results from Old Glory
19/10/2012	OP Western Limb Extends with Surface Sampling av. 52.3g/t
09/10/2012	Extensional Exploration Results with Assays up to156g/t Gold
02/10/2012	Golden Hind Spectacular Drill Intersections 42m @ 44g/t
17/09/2012	High-Grade Discovery Confirmed at Golden Hind 17m @ 29.43g/t
05/09/2012	Old Pirate Test Work – Exceptional gravity Gold Recovery
20/08/2012	Exploration Update Golden Hind and New Prospect
06/08/2012	High Grade Gold results from the Golden Hind Discovery
02/08/2012	Old Pirate High Grade Drill Results 5m @ 52.27g/t gold
01/08/2012	High Grade Gold Drill Results at Buccaneer
16/07/2012	Phase 3 Surface Vein Sampling Extends Old Pirate
15/06/2012	New High Grade Vein Uncovered at Old Pirate
09/07/2012	Phase 2 Surface Sampling on East Side Vein
28/06/2012	New Prospect with Coarse Visible Gold at Surface
14/06/2012	High Grade Gold Drill Results Extend Buccaneer
15/05/2012	Old Pirate Stage 1 Scoping Study Results
03/05/2012	2012 Exploration Season Underway
16/04/2012	3.3 Million Ounces Gold in Resources

United States

This presentation or any copy of it must not be taken to constitute an offer to sell or a solicitation of an offer to buy securities in the United States of America ("US") and must not be distributed or released to any US person or to any person acting for the account or benefit of a US person (within the meaning of the U.S. Securities Act of 1933) unless an exemption from registration is available under the US Securities Act of 1993. Persons who come into possession of this document should seek advice on and observe any such restrictions. Any failure to comply with such restrictions may constitute a violation of applicable securities laws.

New Zealand

This document has not been registered, filed with or approved by any New Zealand regulatory authority under the Securities Act 1978 (New Zealand). The New Shares in the Offer are not being offered to the public in New Zealand other than to existing shareholders of the Issuer with registered addresses in New Zealand to whom the offer is being made in reliance on the Securities Act (overseas Companies) Exemption Notice 2013 (New Zealand). Other than in the entitlement offer, New Shares may be offered and sold in New Zealand only to:

(a) persons whose principal business is the investment of money or who, in the course of and for the purposes of their business, habitually invest money; or

(b) persons who are each required to (i) pay a minimum subscription price of at least NZ$500,000 for the securities before allotment or (ii) have previously paid a minimum subscription price of at least NZ$500,000 for securities of the Issuer ("initial securities") in a single transaction before the allotment of such initial securities and such allotment was not more than 18 months prior to the date of this document.

South Africa

Due to restrictions under the securities laws of South Africa, the New Shares are not offered, and the Offer shall not be transferred, sold, renounced or delivered, in South Africa or to a person with an address in South Africa RSA, unless one or other of the following exemptions applies: (a) the Offer, transfer, sale, renunciation or delivery is to duly registered banks, mutual banks, financial services provider, financial institution, public investment corporation (in each case registered as such in South Africa), a person who deals with securities in their ordinary course of business, or a wholly owned subsidiary of a bank, mutual bank, authorised services provider or financial institution, acting as agent in the capacity of an authorised portfolio manager for a pension fund (duly registered in South Africa), or as manager for a collective investment scheme(registered in South Africa); or (b) the contemplated acquisition cost of the securities, for any single addressee acting as principal is equal to or greater than R1,000,000.

Hong Kong

This Presentation has not been, and will not be, registered as a prospectus under the Companies Ordinance (Cap. 32) of Hong Kong (the "Companies Ordinance"), nor has it been authorised by the Securities and Futures Commission in Hong Kong pursuant to the Securities and Futures Ordinance (Cap. 571) of the Laws of Hong Kong (the "SFO"). No action has been taken in Hong Kong to authorise or register this document or to permit the distribution of this document or any documents issued in connection with it. Accordingly, the New Shares have not been and will not be offered or sold in Hong Kong other than to "professional investors" (as defined in the SFO).

No advertisement, invitation or document relating to the New Shares has been or will be issued, or has been or will be in the possession of any person for the purpose of issue, in Hong Kong or elsewhere that is directed at, or the contents of which are likely to be accessed or read by, the public of Hong Kong (except if permitted to do so under the securities laws of Hong Kong) other than with respect to New Shares that are or are intended to be disposed of only to persons outside Hong Kong or only to professional investors (as defined in the SFO and any rules made under that ordinance). No person allotted New Shares may sell, or offer to sell, such securities in circumstances that amount to an offer to the public in Hong Kong within six months following the date of issue of such securities.

The contents of this document have not been reviewed by any Hong Kong regulatory authority. You are advised to exercise caution in relation to the Offer. If you are in doubt about any contents of this document, you should obtain professional advice.

Singapore

This document and any other materials relating to the New Shares have not been, and will not be, lodged or registered as a prospectus in Singapore with the Monetary Authority of Singapore. Accordingly, this document and any other document or materials in connection with the offer or sale, or invitation for subscription or purchase, of New Shares, may not be issued, circulated or distributed, nor may the New Shares be offered or sold, or be made the subjection of an invitation for subscription or purchase, whether directly or indirectly, to persons in Singapore except pursuant to and in accordance with exemptions in Subdivision (4) Division 1, Part XIII of the Securities and Futures Act, Chapter 289 of Singapore (the "SFA"), or as otherwise pursuant to, and in accordance with the conditions of any other applicable provisions of the SFA.

This document has been given to you on the basis that you are: (i) an existing holder of Austbrokers' shares; (ii) an "institutional investor" (as defined in the SFA); or (iii) a "relevant person" (as defined in section 275(2) of the SFA). In the event that you are not an investor falling within any of the categories set out above, please return this document immediately. You may not forward or circulate this document to any other person in Singapore. Any offer is not made to you with a view to the New Shares being subsequently offered for sale to any other party. There are on-sale restrictions in Singapore that may be applicable to investors who acquire New Shares. As such, investors are advised to acquaint themselves with the SFA provisions relating to resale restrictions in Singapore and comply accordingly.

Switzerland

The New Shares may not be publicly offered in Switzerland and will not be listed on the SIX Swiss Exchange Ltd. ("SIX") or on any other stock exchange or regulated trading facility in Switzerland. This document has been prepared without regard to the disclosure standards for issuance prospectuses under art. 652a or art. 1156 of the Swiss Code of Obligations or the disclosure standards for listing prospectuses under art. 27 ff. of the SIX Listing Rules or the listing rules of any other stock exchange or regulated trading facility in Switzerland. Neither this document nor any other offering or marketing material relating to the New Shares or the offering may be publicly distributed or otherwise made publicly available in Switzerland. These securities will only be offered to regulated financial intermediaries such as banks, securities dealers, insurance institutions and fund management companies as well as institutional investors with professional treasury operations.

Neither this document nor any other offering or marketing material relating to the New Shares have been or will be filed with or approved by any Swiss regulatory authority. In particular, this document will not be filed with, and the New Shares will not be supervised by, the Swiss Financial Market Supervisory Authority FINMA (FINMA). This document is personal to the recipient only and not for general circulation in Switzerland.