REDSTONE RESOURCES LIMITED — Investor Presentation 2011

Sep 28, 2011

Redstone Resources Limited

Tollu Copper Nickel Project

Massive Hydrothermal Copper Sulphide and potential Nickel-Copper Magmatic Sulphide Mineralisation

Nickel Conference Perth September 2011

This presentation has been prepared by Redstone Resources Ltd (Redstone) for the sole purpose of providing financial, operational and other information to enable recipients to review the business activities of Redstone. This presentation is not intended as an offer, invitation, solicitation or recommendation with respect to the purchase or sale of any securities. Nothing in this presentation should be construed as financial product advice, whether personal or general, for the purposes of section 766B of the Corporations Act 2001.

This presentation may contain forward looking information, statements or forecasts that are subject to risks and other factors outside the control of Redstone. Any forward looking, information, statements of forecasts provided is/are considered reasonable in the circumstances and has/have been prepared in good faith and with all due care, but may differ materially from actual future results and performance. Redstone and its affiliates or any of its directors, agents, officers or employees do not make any representation or warranty, express or implied, as to or endorsement of, the accuracy or completeness of any information, statements or forecasts contained in this presentation, and they do not accept any liability for any statement made in, or omitted from, this presentation.

This presentation should not be relied upon as a representation of any matter that an investor should consider in evaluating the business activities of Redstone. Investors must make and rely upon their own enquiries and due diligence in relation to the subject of this presentation and an investment in Redstone. A potential investor must assess the merits or otherwise of an investment in Redstone having regards to their own personal, financial and other circumstances.

The information in this report that relates to exploration results is based on information compiled by Dr Joao Orestes Santos, a part-time employee of Redstone Resources Limited. Dr Santos is a member of the Australian Instituted of Geoscientists and has sufficient experience relevant to the style of mineralisation 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". Dr Santos consents to the inclusion in the report of the matter based on his information in the form and context in which it appears.

Information included in the presentation is dated 27 September 2011.

Capital Structure – (@ 27 Sept 2011)

Issuedshares(ASX:RDS)	129,969,390
-------------------------------	-------------

Unlisted Options 19,216,668

Share Price (on 27 Sept 2011) $0.28

Market Capitalisation $36.4m

Cash Position (@ 30 June 2011)

Cash ($AUD) $3.8m

Board of Directors And Key Management

Richard Homsany Chairman

Corporate and commercial lawyer with considerable experience with public listed resource companies and South American experience.

Barry Woodhouse Non Exec. Director

Mr Woodhouse has significant experience in mineral and oil exploration and production companies.

David Le Roy Non Exec. Director

Mr Le Roy is a Perth based businessman with 25 years experience in the acquisition, reconstruction, operational management and divestiture of large private companies.

Dr. Orestes Santos Exploration Manager

Geologist with extensive networks from 40 years experience in South America. World expert on Brazilian mineral provinces and involved in several world class discoveries.

Anthony Howland-Rose Strategic Adviser

Geologist and Geophysicist with a distinguished track record in the discovery and development of copper and nickel deposits. Director and Chairman of Allegiance Mining NL from 1996 – 2008.

Anthony Ailakis Operations Manager

Mining consultant and lawyer specialising in ground acquisition and native title relations with a decade of experience in the West Musgrave Region, Western Australia.

• Company overview.
• West Musgrave geology.
• Tollu Cu-Ni Project geology.
• 2010 drilling results update.
• Tollu The nickel connection.
• Current drilling update.

West Musgrave Region – Background

• Nine tenements covering 2,200 km2 .
• Geological setting to potentially host world-class Voisey"s Bay Ni-Cu-(Co) style deposit.
• Modern exploration techniques and modelling had never been applied prior to the commencement of Redstone"s exploration.
• Formal land access agreements in place with the Indigenous Land Council administering the Ngaanyatjarra Reserve.
• Access to infrastructure:
  • Blackstone Community.
  • Road access for heavy vehicles.
  • 3 Airfields Blackstone (<25km from Tollu and Blackstone Range), Wingellina and Mt Davies.

Redstone's West Musgrave Tenements

West Musgrave Geological Setting

• The West Musgrave region is geologically located on the Mesoproterozoic lithosphere.
• The region has one of the highest concentrations of Mafic-Ultramafic intrusions (the Giles Complex aged 1070Ma).
• The region also holds two of the largest undeveloped nickel deposits:
  • Nebo/Babel (Voisey Bay Type Magmatic Ni-Cu-PGE)
  • Wingellina (Ni-Co Laterite)

Tollu Project Geological Setting

• Dilation system (blue) between two large shears (black) generated during the Petermann Orogen (~600 Ma).
• The Dilation system and shears present extensive exposed Cu malachite, tenorite and azurite mineralisation.

Aeromag image with location of Tollu on major shears of Peterman Orogen.

Initial exploration focused on one part (red ellipse) of the dilation system.

2010 Exploration – Phase 1 - Discovery

April – May 2010

• The first RC drill program resulted in the discovery of the Central Zone with three very significant copper-sulphide intersections:
  • TLC-012.
  • TLC-015.
  • TLC-018.

Phase 1 RC DrillProgram -Discovery
TLC-012	14m @ 3.5% Cu from 126mand 3m @ 0.14% Co from 130mincluding 4m @ 6.2% Cu from127m
TLC-015	18m @ 2.7% Cu from 180mincluding 11m @ 3.7% Cu from180m
TLC-018	17m @ 2.2% Cu from 144m

Tollu Copper Sulphide Discovery Zones

2010 Exploration - Phase 2 - Drill Program

November – December 2010

• The drill program confirmed extensive copper sulphide mineralisation in the Central Zone. The program focused on increasing the depth and strike length of the copper sulphide mineralisation in the Central Zone.
• The program included one hole (TLC-042) to test the Tollu North-South shear. TLC-042 was located to test the EM/IP anomalies located on the major shear.
• Shallow drilling had previously been conducted over this area in 2008 and identified a large low grade oxide copper halo.

Phase 2 RC Drill Program

TLC-020	12m @ 2.7% Cu from 187mincluding 7m @ 3.8% from 191m
TLC-021	4m @ 2.5% Cu from 249m
TLC-023	10m @ 1.6% Cu from 210m
TLC-024	4m @ 2.7% Cu from 194m
TLC-030	5m @ 1.9% Cu from 89m
TLC-031	9m @ 2.8% Cu from 127m
TLC-032	8m @ 3.4% Cu from 57m7m @ 2.4% Cu from 101m
TLC-033	6m @ 2.0% Cu from 101m
TLC-034	13m @ 1.5% Cu from 137m
TLC-038	5m @ 2.6% Cu from 71m

Central Zone

• This program extended copper sulphide mineralisation at the Central Zone to over 200m strike length and to a depth of 253m.
• The mineralisation remains open along strike to the Southeast and is open at depth highlighting the potential to increase the size of the mineralised body.
• TLC-042 has returned 3m Cu @ 5.0% from 248m with mineralisation open at bottom of hole*.*
• This is an indication of second zone of copper sulphide mineralisation approximately 530m southeast from the Central Zone discovery hole TLC-012.
• The volume of copper ore has been significantly increased.

Tollu: The Nickel Connection

• The Tollu Cu sulphide (chalcopyrite) rich swarm of hydrothermal veins is interpreted as being derived from a large magmatic, Cu-Ni, or Ni-Cu, ore body(ies) at depth.
• The discovered sulphide mineralisation is almost entirely Cu. Further the only significant association found is with Co. These are indicators of a mafic source for mineralisation, suggesting a Voisey"s Bay style deposit.
• The primary, magmatic, gabbro-related, mineralisation was formed during the Giles magmatism and was remobilised much later during the Petermann Orogen.
• The large volume of remobilised (hydrothermal) Cu-mineralisation indicates the existence of a potentially large source of primary Ni-Cu magmatic mineralisation.

Conceptual Model of Tollu Target Mineralisation

Hydrothermal Copper sulphide is interpreted as having been remobilised from a primary magmatic copper-nickel-(cobalt) sulphide source.

Magmatic Cu-Ni-(Co) sulphide is the main target style of mineralisation which is interpreted to be the primary source of the hydrothermal mineralisation at Tollu.

Current Drilling Program – Tollu 2011

Redstone's third drilling program at Tollu will comprise 5,000+ metres of RC drilling in the third quarter of 2011:

• To extend the depth and strike of hydrothermal mineralisation at the Central Zone.
• To confirm the significance of the discovery of hydrothermal Cu sulphide mineralisation at the Eastern Zone.
• This drill program has identified a new and extensive mineralised zone " the Western Zone".
• Encountered Gabbro at depth (TLC-45) as per our conceptual exploration model.

Redstone's Major Discovery at Tollu

• The Tollu Project is a large hydrothermal Cu-rich mineralised system which is interpreted as a distal part of a giant, Voisey"s Bay style magmatic Cu-Ni-(Co) system.
• Key indicators of a Voisey"s Bay style, mafic primary source present at Tollu:
  • Extent/volume of remobilised copper sulphides.
  • Hydrothermal Cu sulphide mineralisation.
  • Significant association with Co.
• Redstone is also targeting a large deposit in the hydrothermal zones at Tollu with an average Cu grade >2%.
• Drilling at Tollu has established numerous copper strikes (>3%) at the Central Zone and a copper (>5%) and cobalt strike (TLC-042) at the Eastern Zone.
• Drilling at the Eastern Zone (TLC-042) has established sulphide mineralisation at depth (3m @ 5% Cu from 248m, open EOH) and is the first to contain traces of nickel and cobalt sulphides.
• Redstone is very encouraged by the drilling results released last week.

Redstone Resources Contact Details

ASX:	RDS
Website:	www.redstone.com.au
Email:	contact@redstone.com.au
Tel:	+61 8 9328 2552
Fax:	+61 8 9328 2660
Office:	Suite 3, 110-116 East Parade,
	East Perth, WA 6004