RENEGADE EXPLORATION LIMITED — AGM Information 2012

Nov 27, 2012

ANNUAL GENERAL MEETING

Shareholder Briefing 28 November, 2012

Disclaimer – forward looking statements

Important Disclaimer

This presentation (Presentation) has been prepared by Overland Resources Limited (Overland) based on information available to it from them and third party sources. By retaining this Presentation, you (the Recipient) acknowledge and represent to Overland that you have read, understood and accepted the terms of this Important Notice. The distribution of this Presentation may be restricted by law in certain jurisdictions. Recipients, and any other persons who come into possession of this Presentation must inform themselves about, and observe any such restrictions. If you do not accept these terms, you should immediately destroy or delete this Presentation.

This Presentation does not purport to contain all the information that a prospective investor may require in connection with any potential investment in Overland. You should not treat the contents of this Presentation, or any information provided in connection with it, as financial advice, financial product advice or advice relating to legal, taxation or investment matters. No representation or warranty is made by Overland or any of its advisers, agents or employees as to the accuracy, completeness or reasonableness of the information in this Presentation or provided in connection with it. No information contained in this Presentation or any other written or oral communication in connection with it is, or shall be relied upon as, a promise or representation and no representation or warranty is made as to the accuracy or attainability of any estimates, forecasts or projections set out in this Presentation. No liability will attach to Overland, with respect to any such information, estimates, forecasts or projections.

Overland does not accept responsibility or liability for any loss or damage suffered or incurred by you or any other person or entity however caused (including, without limitation, negligence) relating in any way to this Presentation including, without limitation, the information contained in or provided in connection with it, any errors or omissions from it however caused (including without limitation, where caused by third parties), lack of accuracy, completeness, currency or reliability or you, or any other person or entity, placing any reliance on this Presentation, its accuracy, completeness, currency or reliability.

Overland does not accept any responsibility to inform you of any matter arising or coming to Overland’s notice after the date of this Presentation which may affect any matter referred to in this Presentation.

Any liability of Overland, their advisers, agents and employees to you or to any other person or entity arising out of this Presentation including pursuant to the Australian Securities and Investments Commission Act 2001, Corporations Act 2001, Part IVA or V (including sections 51AA, 51AB, 51AC, 52 or 53) of the Trade Practices Act 1974 or any corresponding provision of any state or territory legislation, or similar provision under any applicable law is, to the maximum extent permitted by law, expressly disclaimed and excluded.

Future matters

This Presentation contains reference to certain intentions, expectations, future plans, strategy and prospects of Overland. Those intentions, expectations, future plans, strategy and prospects may or may not be achieved. They are based on certain assumptions, which may not be met or on which views may differ and may be affected by known and unknown risks.

The performance and operations of Overland may be influenced by a number of factors, many of which are outside the control of Overland. No representation or warranty, express or implied, is made by Overland, or any of its directors, officers, employees, advisers or agents that any intentions, expectations or plans will be achieved either totally or partially or that any particular rate of return will be achieved.

Given the risks and uncertainties that may cause Overland’s actual future results, performance or achievements to be materially different from those expected, planned or intended, Recipients should not place undue reliance on these intentions, expectations, future plans, strategy and prospects. Overland does not warrant or represent that the actual results, performance or achievements will be as expected, planned or intended.

Who we are - Overland Resources Limited

Objectives

• Become a mid-tier resource company

• Increase market capitalisation to return value to shareholders

Current State

• Seeking additional quality assets

• Commodity focus – base and precious metals

• Quality zinc asset in the Yukon secure until 2026

Strategy

• Remain a lean and flexible organisation

• Identify and secure highly prospective, quality assets

• Cost effectively explore and discover economic mineral deposits

Who we are - Board and Mana ement g

Chairman

Mike Haynes

• 20 years industry experience including BHP and Billiton

• Extensive experience in project identification and evaluation

• Director on multiple Boards

Managing Director

Hugh Bresser

• 20 years global industry experience in minerals exploration, development and production

• Business Management (MBA) and Geological qualifications

Director

Gibson Pierce

• 45 years global industry experience - 36 years at BHPB

• Experience across several continents specializing in mine development, commissioning and operations

Director

Sias Els

• 20 years experience in manufacturing and operations

• Industry experience running copper smelters in Philippines

• Accounting and commerce qualifications

Who we are

- Capital Structure and Trading History

ASX Code: OVR

Issued Securities 194, 064,725 Top 20 139,501,614 (71.9%) Market Capitalisation $2.5 million ($0.013 on Nov 26) Options 10,800,000 Cash $2.7 million at 30 September 2012

Share Price

Substantial shareholders Macquarie Bank 19.6% EIM Capital Management 13.3% Paul Bennett 11.2% Glencore 11.2%

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Nov 2006 to Nov 2012
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Yukon Base Metal Project - Back round g

• Outcropping ore bodies discovered 1996

• First drilled by Noranda in 2001

• Overland commenced work Jan 2007

• Drilled 350 diamond holes

• 50 person camp on site

• Airstrip and winter road access

• Defined three JORC code resources

• Determined metallurgical properties

• Established open pit mining criteria

• Completed environmental baselines

• Established process facilities requirements

• Estimated Capital and Operating Costs

• Secured road access route

• Central claims in good standing until 2026

Yukon Base Metal Project - Mineral Resource (2012)

Mineral Resource (Feb 2012)

 13.7 Mt at 6.2% Zn equivalent[1]

 All deposits open at depth

 Potential for Resource expansion and new discoveries JORC Code compliant resource estimate for the Selous Project

Deposit	Measured	Measured		Indicated	Indicated		Inferred	Inferred			Total 2%	zinc cut off
	Tonnes	Zn (%)	Pb (%)	Tonnes	Zn (%)	Pb (%)	Tonnes	Zn (%)	Pb (%)	Total	Zn (%)	Pb (%)
Andrew	1,769,000	5.3	1.6	5,437,000	6.1	1.4	556,000	4.2	0.6	7,562,000	5.8	1.4
Darcy				1,670,000	4.8	0.1	3,880,000	4.7	0.0	5,550,000	4.7	0.0
Darin							360,000	4.0	0.2	360,000	4.0	0.2
Total	1,769,000	5.3	1.6	7,107,000	5.8	1.1	4,796,000	4.6	0.1	13,672,000	5.3	0.8

1 May 29[th] spot LME metal prices applied: US$0.8668/lb. zinc, US$0.8764/lb. lead

Yukon Base Metal Project - Selous Project

Mining Study Summary (2012)

• Two open pit mines

• 8.0Mt @ 5.0% Zn & 1.5% Pb

• Average 12.5:1 strip ratio

• 7 year mine life

• Single processing plant

• ~ 90,000 tonnes Zn con p.a.

• ~ 20,000 tonnes Pb con p.a.

• US$225 million CAPEX plus contingency and pre-strip

• US$0.70/lb. operating costs to deliver to port of Skagway (excludes shipping & TC/RCs)

Single Commodity risk exposure - Share Performance vs. Zinc price

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ASX Code: OVR
OVR share price
LME zinc price
Share Price
2002 2004 2005 2006 2007 2008 2009 2010 2011 2012
Year
LME zinc price US$/tonne
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Close correlation between OVR share price and the LME zinc metal price since the acquisition of the Yukon Base Metal Project in 2007.

10

Zinc Market Forecast - demand to outstrip supply

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Supply/Demand
tipping point
Possible new projects
Probable mine extensions
Base Case
K tonnes
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• Numerous mine closures anticipated in next 3 years

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Source: Cameron Allen 2010, Brooke Hunt 2011
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• 940,000 tonnes (~7.5%)[1] of contained zinc removed from mine supply

• Global consumption forecast to grow by 5%[1]

• Startling 12.5% gap between supply and demand – massive deficit

• New mine developments required to maintain supply

• New discoveries required to provide future supply

1 Source Macquarie Commodities Research April 2012

The content of this side is compiled from various external sources the Company provides no warranty as to the data presented nor does it provide any guarantee that events depicted may or may not transpire. Investors should not base investment decisions upon this information and should conduct their own research and seek independent advice

Overland Resources Limited - Strate gy

Objectives

• Short term – increase market capitalization to return value to shareholders

• Long term – become a mid-tier resource company

• maintain Yukon Base Metal Project as option over future zinc price

Ideal Criteria for New Projects

• Base and/or precious metals - diversify away from single commodity

• Advanced stage project with exploration upside

• Value entry point

• Stable and transparent political system and mining law

• Year round access and news flow

• “The Company’s primary objective is to deliver long-term shareholder value by rapidly becoming a mid-tier resource company.”

Overland Resources Limited - Strate gy

Strengths

• Experienced, strong and committed Board and Management

• Excellent share register – top 20 account for 72%

• Strong cash position - $2.7 million (Sept 2012)

Priorities

• Remain lean and flexible – reduce costs and rationalize corporate overheads

• Focus on securing new assets – management is continuously generating and reviewing project opportunities

• Manage treasury – “cash is king” in the current market, Overland’s position provides the Company with significant leverage

• “The Company’s primary objective is to deliver long-term shareholder value by rapidly becoming a mid-tier resource company.”

Inquires and further information Hugh Bresser Managing Director, C.E.O Phone: +61 8 9226 5566 Email: info@overlandresources.com

Overland Resources Limited has not yet reported any ore reserves from the Andrew Zinc Deposit or Darcy Zinc Deposits. While the Company remains optimistic it will report reserves in the future, any discussion in relation to ore, production targets or concentrates is only conceptual in nature and for illustrative purposes only. There has been insufficient work to define a Mineral Reserve and it is uncertain if further work will result in the determination of a Mineral Reserve.

The information in this report that relates to Mineral Resources or Ore Reserves is based on information compiled by Mr Peter Ball who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Peter Ball is the Manager of Data Geo. Mr Peter Ball 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 of Exploration Results, Mineral Resources and Ore Reserves’. Mr Peter Ball consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

The information in this report that relates to Exploration Results is based on information compiled by Hugh Alan Bresser who is a Member of the Australasian Institute of Mining and Metallurgy. Hugh Alan Bresser is a Director of the company, he 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 of Exploration Results, Mineral Resources and Ore Reserves’. Hugh Alan Bresser consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.