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REDIVIUM LIMITED AGM Information 2013

Nov 20, 2013

65703_rns_2013-11-20_97d3400d-9256-441b-a0c7-fadacdcf0a97.pdf

AGM Information

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REWARD LTD

A S X : H N R

Low Sovereign Risk Advanced Projects Core Commodities Local Networks 10[th] Anniversary AGM 21[st] November 2013 Perth, Australia

Disclaimer

This Document and the information contained herein and any presentation (collectively referred to as “Information”) is proprietary to Hannans Reward Limited (“the Company”, “Hannans Reward” or “Hannans”).

This Document is intended to provide general background on the Company. It is not a disclosure document and is not intended as an offer, invitation, solicitation or recommendation with respect to any potential transaction.

Securities of micro cap exploration companies, typically involve a high degree of risk and as such, any investment in the Company must be considered as purely speculative. The Information in this presentation does not purport to cover all relevant information about any potential investment in the Company. Accordingly potential investors are advised to seek appropriate independent advice, if necessary, to determine the suitability of this investment. You should not solely act in reliance on the material in this presentation. This presentation does not purport to be all inclusive or to contain all information which its recipients 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 or completeness of the information, statements, and opinions contained in this presentation before deciding whether to make an investment into Hannans.

The Document contains reference to certain intentions, expectations and plans of the Company. Those intentions, expectations and plans may or may not be achieved. They are based on certain assumptions which may not be met or on which views may differ. The performance and operations of the Company may be influenced by a number of factors, many of which are outside the control of the Company. No representation or warranty, express or implied, is made by the Company or any of their respective directors, employees, agents, advisers and consultants that any intentions, expectations or plans will be achieved either totally or partially or within a prescribed timeframe or that any particular rate of return will be achieved.

The Information disclosed relates to the proposed business of the Company at the date of this Document. Material information may have changed since the date the Document was compiled. No responsibility is accepted to advise any person of any change or update any of the Information.

Neither the provision of this Document nor any information contained in this Document or subsequently communicated to any person in connection with this Document is, or should be taken as, constituting the giving of investment advice to any person. By accepting this Document you acknowledge and agree to be bound by each of the foregoing statements. The currency used throughout the presentation is Australian Dollars unless otherwise stated.

Infrastructure, locomotives, ore wagons, unloading facilities, mining operations, drill rigs, windmills, ships noer reindeers are owned by Hannans. Hannans does not own any of the infrastructure in this presentation.

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Scandinavia – Major Mining Centre
^
^
Key mines throughout Scandinavia.
The JORC Exploration Targets have been subjected to diamond drill
testing, ground geophysics and interpretation by the Geological Survey of
Sweden reviewed by Mr Thomas Lindholm, of GeoVista AB. The potential
quantity and grade of the exploration targets is conceptual in nature, there
has been insufficient interpretation to define a JORC Mineral Resource
and it is uncertain if further interpretation will result in the determination of
a JORC Mineral Resource.
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Summary

Low Sovereign Risk Jurisdictions

  • Sweden ranked 2[nd] and Norway ranked 6[th] in World Risk Survey 2012 (Australia ranked 7[th] )

  • Open access and modern infrastructure in Sweden and Norway

  • World class geoscientific databases

Advanced Projects

  • Rakkurijoki JORC Inferred Mineral Resource and Positive Scoping Study (Iron)

  • Pahtohavare JORC Inferred Mineral Resource (Copper-Gold)

  • Iron and copper-gold projects located very close to infrastructure

  • Core Commodities

  • Targeting premium grade iron concentrate (+68% Fe)

  • Targeting high grade copper-gold

  • Targeting production

Local Networks

  • Executive Management live and work in Sweden

  • Wide network of local contacts

  • Strong strategic relationships

4

2013 – Achievements

Kiruna Iron Project

  • Delivered a positive scoping study for the Rakkurijoki Iron Deposit in February

  • Converted half of Rakkurijoki from Inferred to Indicated JORC Resource category in November

  • Managed site visits and discussions with major companies that have capacity and expressed interest to access Rakkurijoki and Rakkurijarvi, increase exploration expenditure and or assist with infrastructure solutions

  • Completed preparations for commencement of next phase of metallurgical test work

Pahtohavare Copper-Gold Project

  • Commenced maiden drilling programme at Pahtohavare Copper-Gold Project in May

  • Intercepted high-grade copper-gold mineralisation at Pahtohavare Copper-Gold Project in July

  • Delivered maiden JORC Inferred Mineral Resource for Pahtohavare Copper-Gold Project in August

  • Managed a number discussions with a number of parties interested in accessing the project to create an economic mining scenario in the region

Divestments

  • Sold the Discovery Copper Deposit to Avalon Minerals for $4M in May

5

2013 – Challenges

Iron

  • High profile corporate collapse of iron ore company in Sweden took momentum away from investing in the Swedish iron sector. Northland Resources AB is now ‘back on track’.

Copper-Gold

  • Maiden RC program at Pahtohavare was unsuccessful in testing the highly prospective deep targets.

Divestments

  • Avalon Minerals Ltd failed to settle divestment of Discovery Zone deposit as agreed which resulted in litigation and changed payment terms

  • Depressed nickel price has made divestment of Australian projects difficult

  • Longer than anticipated time frames to obtain social license to explore in Norway dissuaded a number of potential joint venture partners

Cost Reductions

2013/2014 – Critical Year

Copper-Gold

  • Obtain approvals and drill test targets at Pahtohavare (pending since June 2013)

  • Secure partners with knowledge, relationships and appreciation for the local issues plus the expertise to develop new mines

  • Achieve economies of scale necessary to attract institutional investment into the project

  • Continue building trust with local stakeholders

  • Complete test work on oxide material to assess potential to extract cu-au cheaply

  • Iron

  • Complete scoping study for Rakkurijarvi & complete further metallurgical test work on Rakkurijoki to assess potential to create saleable product

  • Continue engaging with local stakeholders to enable lodgment of exploitation concession applications for Rakkurijoki and Rakkurijarvi

  • Secure partners on logistics (rail and port)

  • Secure investment to substantially increase exploration and fast track development

  • Divestment

• Divest Australian nickel projects Capital

  • Secure capital

  • Improve communications with the investors & introduce Hannans to European investors 7

2014 – New Opportunities

Scandinavia

  • Hannans’ subsidiaries Scandinavian Resources AB and Kiruna Iron AB as Swedish companies, employing Swedish residents, engaging local contractors, and contributing to the local economy in a positive way

  • Hannans is committed to remaining in Scandinavia to make a world-class discovery

  • Discovery potential in Scandinavia is high but exploration costs are also high and the field season is variable (depending on weather and permitting)

  • • Sovereign risk is low but risk is increasing

New Opportunities

  • Hannans has excellent iron and copper-gold projects in Sweden and Norway

  • Hannans’ projects have attracted interest from potential strategic partners with a global presence and institutional investors who demand high discovery potential, realistic development plans, pragmatic social and environmental attitudes, disciplined capital management, locally based management and a stable corporate structure

  • Hannans open, positive and responsible business style in Scandinavia is attracting interest from local and international companies which may lead to new opportunities

Directors & Management

Damian Hicks

Managing Director

  • Founding director of Hannans Reward Ltd (2002).

  • Admitted Barrister & Solicitor in Western Australia; Bachelor of Commerce (Accounting & Finance).

Jonathan Murray Non-Executive Director

  • Director of Hannans Reward Ltd (2010).

  • Partner of Steinepreis Paganin

  • Principal legal practice areas include equity capital markets, takeovers, project acquisitions and divestments, corporate governance, commercial law and strategy.

9

Capital Structure Capital Structure
Cash at bank (21/11/2013)
Approx. $1.25 Million
Ordinary shares on issue:
721,966,133
Options on issue:
Nil
Top 20 (as at 25/9/2013)
% of Issued
Rank Name Units Capital
1 Equity & Royalty Investments Ltd 120,000,003 16.62
2 JP Morgan Nominees Australia Limited 64,055,221 8.87
3 HSBC Custody Nominees (Australia) Limited 29,000,472 4.02
4 Fabral Investments Pty Ltd 23,809,372 3.30
5 Errawarra Pty Ltd 16,000,000 2.22
6 J P Morgan Nominees Australia Limited 12,775,000 1.77
7 Jetosea Pty Ltd 12,039,412 1.67
8 Marfield Pty Limited 11,406,896 1.58
9 Mossisberg Pty Ltd 10,292,939 1.43
10 Eric Preston Pty Ltd 10,000,000 1.39
11 HSBC Custody Nominees (Australia) Limited - A/C 2 8,453,484 1.17
12 Anglo American Exploration BV 7,389,162 1.02
13 Acacia Investments Pty Ltd 7,157,168 0.99
14 Navigator Australia Ltd 5,466,158 0.76
15 Mrs Andrea Murray 4,732,354 0.66
16 Dyspo Pty Ltd 4,600,000 0.64
17 PSG Holdings (WA) Pty Ltd 4,500,000 0.62
18 Zoric & Co Pty Ltd 4,000,000 0.55
19 Professional & Sophisticated Investors Pty Ltd 3,975,000 0.55
20 Aust Global Resources Pty Ltd 3,636,363 0.50
Total of Top 20 Holders of ORDINARY SHARES 363,289,004 50.33

Vision for the Kiruna Iron Project

Kiruna Iron Project - Competitive Advantages

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Exploring for additional iron deposits Kiruna Iron Project

JORC Exploration Targets

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Head Fe
grade in
feed
% of
feed mass
recovered
in DTR
Fe
recovered
in the DTR
as % of Fe
in the feed
DTR
conc
Fe grade
DTR
conc SiO2
grade
DTR
conc
Al2O3
grade
DTR
conc
P grade
DTR
conc
S grade
Ekströmsberg
52.6
25.9
44.6
70.8
0.7
0.1
0.04
0.003
Rakkurijoki
35.9
45.2
83.8
69.2
1
0.3
0.009
0.365
Rakkurijärvi
28.6
35.8
84.8
69.7
1.7
0.3
0.001
0.014
Puoltsa
49.3
67.9
96.2
70.3
0.58
0.16
0.0017
0.005
Paljasjarvi
36
47.6
89.7
69.2
2
0.36
<0.05
0.47
Altavaara
24.7
27.9
80.5
72.5
1.2
0.37
0.05
0.05
Sautasvaara
47.7
54.5
88.5
71.1
0.5
0.2
0.05
0.3
Vieto
32.8
42.2
82.8
70
1.2
0.2
0.01
0.06
Laukkujarvi
10.3
65.7
98.4
71
0.6
0.02
0.002
0.001
Gaddmyr
64.6
17.9
20.4
71.9
0.01
0.07
0.02
0.005
Metallurgical Test Work
16

Rakkuri Project

Priority development opportunity

  • Rakkurijärvi

  • Rakkurijoki Rakkurijärvi

  • • • Current JORC Inferred resource of Current JORC Inferred resource of 69.6Mt 74.5Mt @ 39.7% Fe (down to 350m) @ 28.5% Fe (drill spacing to 150m)

  • • • Mineralisation currently open at a depth Mineralisation currently open at a depth of of >400m ~150-300m; requires further drilling

  • • • Area of national interest for mining Area of national interest for mining

  • • • Upgrades to +68% Fe product (DTRUpgrades to +68% Fe product (DTRanalysis) analysis)

  • • • Environmental impact assessment in Environmental impact assessment in progress progress

  • • • Social impact assessment in progress Social impact assessment in progress

  • • • Excellent Location: Excellent Location: • • 6km from Kiruna 6km from Kiruna

  • • • ~1km from open access, heavy ~2.5km from open access, heavy gauge gauge rail rail

  • • • 250m from the road 250m from the road

  • • • Open pit mining potential Open pit mining potential

  • • • Positive scoping study completed in Additional resource drilling required;

  • 17 February 2013 current drill spacing is ≥200m 17

Rakkuri Project

Priority development opportunity

Note: The Scoping Study only includes the Rakkurijoki deposit and not Rakkurijärvi

“The Rakkuri Iron Project is a robust iron project with an excellent location and this has been a very thorough Scoping Study. The actual mining process is straight forward, but we must now do more detailed planning during the PFS to fully understand the logistics chain, the processing, the market and the social licenses we need to operate in Kiruna. I look forward to continue providing oversight during that process.”

Magnus Arnqvist, Non-Executive Director, Kiruna Iron AB

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Swedish Copper-Gold Portfolio
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Swedish Portfolio
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  • Hannans acquired the Pahtohavare Project as part of the Rakkuri purchase from Anglo American and Rio Tinto in December 2010

  • Historical data compilation, digitisation and validation commenced in October 2012 and was completed in April 2013

  • 3D geological modelling completed by SRK Consulting in May 2013

  • Maiden RC drilling programme commences testing oxide targets at Central in May 2013

  • Intercepted shallow, high grade copper-gold mineralisation

  • Delivered maiden JORC Inferred Mineral Resource

  • Workplan to drill deeper targets was lodged in June 2013 and is yet to be granted by the Swedish Mining Inspector

  • Proposals have been received to test a bulk sample collected from RC samples for oxide metallurgical testwork

23

Pahtohavare Project

Maiden JORC Inferred Resource

 Open pit resources calculated using a Whittle optimised cut-off grade of 0.56% CuEq[[1]] for oxide material and 0.43%

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Australian Projects

Nickel Sulphides

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REWARD LTD

A S X : H N R

Damian Hicks Amanda Scott Managing Director Exploration Manager Hannans Hannans Tel: +61 8 9324 3388 Tel: +46 703221497

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Statements Compliance

The information in this document that relates to exploration results is based on information compiled by Amanda Scott, a Competent Person who is a Member of the Australian Institute of Mining and Metallurgy (Membership No.990895). Amanda Scott is a full-time employee of Hannans Reward Ltd. Amanda Scott has sufficient experience, which is relevant to the style of mineralisation and types of deposits under consideration and to the activity which has been 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 (JORC Code). Amanda Scott consents to the inclusion in the report of the matters based on her information in the form and context in which it appears.

The information in this document that relates to Mineral Resource and Exploration Target Estimates for Pahtohavare is extracted from the report entitled “Maiden JORC Resource at Pahtohavare” created on 20 August 2013 and is available to view on the Company’s website (www.hannansreward.com). The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and in the case of Mineral Resources or Ore Reserves that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.

The information in this document that relates to Mineral Resource Estimates for Rakkurijoki and Rakkurijärvi is extracted from the report entitled “Kiruna Iron Project JORC Resource Update” created on 17 January 2012 and is available to view on the Company’s website (www.hannansreward.com). The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and in the case of Mineral Resources or Ore Reserves that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.