REDIVIUM LIMITED — AGM Information 2004

Nov 25, 2004

Hannans Reward NL

Exploring for Gold and Base Metals

AGM Presentation Damian Hicks, Executive Director

26 November 2004

Level 2, 11 Ventnor Avenue, West Perth, WA, 6005 +61 8 9324 3388 (T) +61 8 9324 3366 (F) admin@hannansreward.com (E) www.hannansreward.com

Introduction

• Strategy is to source prospective ground, add value through quality explorationand thereafter develop prospects in conjunction with quality companies
• Focused on greenfields nickel and gold exploration in WA
• Three nickel projects, a gold project and diversified metals prospect
• Two nickel projects within Kambalda Norseman region
• Gold project near Leonora
• Diversified metals MOU in the Pilbara
• Formed March 2002 and listed on ASX in December 2003 after raising $3.5m ۰ (incl. $1.0m in oversubscriptions)
• Cash at bank approx. $1.65m

Prepared September 2003 by RSG Global Pty Ltd for inclusion in a Prospectius for Harname Reward NL

Figure 1

QVR Summary

• Hannans Reward 100%
• QVR area 304 km2 & 40 km south of Coolgardie
• Initial interest in QVR formed whilst identifying priority targets for Outokumpu
• Historical exploration within Spargos Prospect has confirmed presence of disseminated nickel sulphides
• Thickest interval 24.39 metres @ 0.44% nickel
• Highest grade 3 metres at 3.05% nickel (including 1 metre at 5.19% nickel)

QVR Summary

• Cloud nickel sulphide occurs in two horizons up to 750 metres long within dunite (cumulative komatiite)
• Primary nickel sulphide mineralogy is pentlandite
• Conducted moving loop EM survey early 2004
• Conducted DD and down hole EM (October 2004) to test geophysical anomalies, extensions of the cloud nickel sulphide horizons and previous intercepts - results pending
• Target is high grade shoots of nickel sulphides similar to Silver Swan

Geology modified after Fitton 1998

MHS Summary

• HNR free carried (by Nickel Australia Ltd) to DTM retaining 35% interest in nickel minerals
• HNR retains 90% interest in gold and silver
• Located 110km west of Norseman & 25km south of Maggie Hays nickel mine
• Contains 4km strike length of rock units that host LionOre's mines (Emily Ann and Maggie Hays)
• Tenement package surrounded by LionOre

MHS Summary

• No deep drilling undertaken
• RAB program returned anomalous nickel and copper geochemistry from along ultramafic footwall unit (pre-1996)
• Surface EM survey identified four conductor anomalies located near basal ultramafic unit (1996)
• NKL carrying out 4,000m of air core drilling and a surface EM survey during November 2004 to be followed by diamond drilling (of targets generated) in January/February 2005

Sunday Summary

• HNR 90%
• Located 20km east of Leonora covering 26km2 of predominantly soil covered ground
• Completed 14,000 metres of air core drilling since December 2003 that has generated four distinct gold targets including high grade gold in the base of a palaeochannel (1m @ 11.19 g/t gold with duplicate sample assaying 21.66 g/t gold)
• Results from drilling around palaeochannel in October 2004 identified further gold anomalies (in the weathered part of the profile)
• Follow up drilling is required on all targets

Jigalong Summary

• Joint venture with Jigalong Community Inc over their traditional lands east of Newman
• MOU provides for HNR holding 50% interest in joint venture company with opportunity to increase equity through expenditure on exploration and training
• Three exploration license applications lodged covering a number of aeromagnetic highs
• Minimal exploration completed in JV area (due to Aboriginal Reserve) but prospective for nickel, copper, zinc, chromite (relatively close to CSM's Coobina chromite mine) and manganese
• Exploration planned for 1st half 2005

Corporate Profile

Shares on Issue	32,916,503
Quoted on ASX	21,656,503
Escrowed until 5/12/04	2.194,000
Escrowed until 5/12/05	9,166,000
Total options on Issue (Ex. 20c, 31/3/06)	16,648,494
Quoted on ASX	10,824,494
Escrowed until 5/12/04	1,047,000
Escrowed until 5/12/05	4,783,000

Share price range: $12 c - 32 c$

Activity since Listing on ASX

December 2003

• Aircore drilling $-14,000$ metres (approx)
• RC/diamond drilling $-1,800$ metres (approx)
• Ground electromagnetic survey 20 line kilometres
• Down hole electromagnetic surveys $-8$
• Auger drilling 125 samples
• Environmental surveys $-2$
• 1-for-2 option issue to Shareholders
• MOU in the Pilbara
• Joint venture with Nickel Australia Ltd
• Presentation at AMEC Investor Seminar
• Presentation at Australian Nickel Conference

Short Term Objectives

October thru December

• QVR nickel sulphide interpret results from drilling that tested conductors, previous intercepts and sulphide horizons
• Sunday gold interpret results from drilling that aimed to identify source of known gold in palaeochannel (last program returned 1 metre @ 22 g/t gold)
• MHS nickel sulphide review results from 4,000m of drilling and ground EM survey by joint venture partner at MHS scheduled for November

Plans for 2005

• QVR nickel sulphide review results then continue exploration
• Sunday gold drill test gold targets
• MHS nickel sulphide free-carried by NKL
• Poona seek joint venture partner to follow up 8m $@$ 1.02% nickel
• Jigalong shareholder agreement, native title agreement & exploration
• Other continually searching for new exploration opportunities

Sunday Gold - Leonora

Poona Nickel - Cue

QVR Nickel - South of Coolgardie

Jigalong

www.hannansreward.com