RIEDEL RESOURCES LIMITED — AGM Information 2012

Nov 11, 2012

RESOURCES

Annual General Meeting

12 November 2012 ASX: RIE

Cautionary Statement

Any forward looking statements in this presentation have been prepared on the basis of a number of assumptions which may prove incorrect and the current intentions, plans, expectations and beliefs about future events are subject to risks, uncertainties and other factors, many of which are outside Riedel Resources (“Riedel”) control. Important factors that could cause actual results to differ materially from the assumptions or expectations expressed or implied in this presentation include known and unknown risks. Because actual results could differ materially to the assumptions made and Riedel’s current intentions, plans, expectations and beliefs about the future, you are urged to view all forward looking statements contained in this presentation with caution. This presentation should not be relied upon as a recommendation or forecast by Riedel. Nothing in this presentation should be construed as either an offer to sell or a solicitation of an offer to buy or sell securities in any jurisdiction.

This Presentation is not intended to provide the sole basis of any investment decision or other evaluation. Each recipient hereof contemplating an investment in the securities of Riedel shall make, or shall be deemed to have made, their own independent investigation of Riedel and related documentation and their own appraisals of the prospects and merits or the Company and its assets described herein.

All forecasts, facts, information, estimates and other statements of opinion contained in this Presentation have been prepared solely by, or on the basis of, information supplied to Riedel. While the information contained herein is believed to be true and accurate, we expressly disclaim any and all liability for representations or warranties, expressed or implied, contained herein, or in any other written or oral communications transmitted or made available to any prospective investor.

No representation or warranty is made by Riedel that forecasts, projections, business goals or estimates contained herein will be achieved. This Presentation speaks as of the date hereof. Neither the delivery of the Presentation nor any sale made hereunder shall, under any circumstances, create any implication that there has been no change in the affairs of the Company after the date hereof.

Competent Persons Statements

The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Mr Ed Turner, who is a Member of The Australian Institute of Geoscientists. Mr Turner is a full-time employee of Riedel Resources Limited. Mr Turner has sufficient experience which is relevant to the style of mineralisation and types of deposit under consideration and to the activities undertaken to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Exploration Targets, Mineral Resources and Ore Reserves’. Mr Turner consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

Company Overview

“Current focus on 3 core projects with significant exploration and
development potential”

 Projects in richly mineralised Proterozoic and Archaean terranes in Western Australia and West Africa

 Core team of experienced corporate and technical professionals

 Focus on gold, copper and base metals

Corporate Summary

Capital Structure
ASX Code:RIE, RIEO
Listed: Jan 2011	A$5.22M IPO
Shares
(RIE) Total	96.2M
(RIE) Escrowed to Jan 2013 25.9M
(RIE) Escrowed to Apr 2013 12.5M
(RIE) Tradeable	57.8M
Options
(RIEO, Nov 2012 $0.20)	29.1M
(Unlisted, June 2014 $0.30)	10.0M

Shareholdings
Top 20	69%
Major Shareholders
ADX Energy	26%
Golden Rim Resources	13%
CQS	9%
Share Price	A$0.08
Mkt. cap (undiluted)	A$8.0M
Cash (30 September 2012)	A $1.0M

Board and Management

“Board and senior management all bring significant African and
Australian operating experience and success”

Ian Tchacos Bruce Franzen Chairman Executive Director Mechanical engineer with CPA with over 20 years over 25 years local and international international experience in experience in commercial corporate development administration and and strategy, mergers and financial control related to acquisitions, exploration, the development of large development and scale capital resource production operations, projects including marketing and finance. offshore oil & gas drilling, iron-ore and exploration.

Non-Executive Director Andrew Childs

Jeffrey Moore Ed Turner Managing Director Exploration Manager

Geologist with over 25 Geologist with 24 years of years experience, former experience in Australia, Managing Director of Brazil, Romania, Ukraine Allied Gold plc and Abra and DRC for precious and Mining Limited (taken over by base metals, uranium and St Barbara Mining and manganese. MINMETALS respectively) . Former Exploration Generated and managed Manager for Anvil Mining projects for precious (DRC), experienced in metals, copper, base project acquisition, foreign metals, diamonds, nickel govt liaison, development and industrial minerals in & training of exploration Australia, Central-South teams, underground gold America, Africa, PNG, mining and resource Asia. estimation.

Value Proposition

“Project pipeline of highly prospective minerals tenements with
potential for large gold, copper and nickel discoveries”

 Key 100% project interests:

• -

• Burkina Faso (Au Cu) - Five Permits (1,076km[2] ), each with multiple gold anomalies and artisanal workings in the fastest growing gold producing region in the world

• – - - Marymia (Au Cu Ni) - Two tenements (420km[2] ) close to the 10M oz Plutonic gold deposits and major recent copper discoveries in the Doolgunna-Thaduna trend

– Southern Cross and Yandal Greenstone Belts - Inferred Gold Resources 420,000 oz Au

• Experienced Board and management with history of success in the resources sector

• Skilled technical/project generation team set up for Company growth via exploration, development and acquisition success, including:

• Western Australia - 5 experienced senior and project geologists

• Burkina Faso - Full technical and administrative support provided by SMG Global consultants

RESOURCES

West Africa Projects

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West Africa Project Locations
“The West Africa
gold province hosts
over 170Moz of gold,
and more than 50
multi-million ounce
gold deposits”
Burkina Faso Projects
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Regional Geology

Exploration work during Q2 2012 TAGOU 4,705 soil geochemical samples 119 rock chip samples 16 scout RC drillholes for 1,826 metres MOAGA 436 soil geochemical samples Tagou and Moaga Projects Burkina Faso Projects

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Gold-In- Soil Geochemistry
Aeromagnetic Image
(First Vertical Derivative)
Moaga Project Burkina Faso Projects
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Soil and Rock Chip Geochemistry

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Area 1
Key zone of elevated Significant scout RC
gold-in-soil geochemistry drilling intercepts:
‒ TGRC 011 4m @ 2.60g/t Au
including 1m @ 9.79g/t Au
‒ TGRC 010 11m @ 0.84g/t Au
TGRC012 - 1m including 2m @ 2.00g/t Au
Area 1 @ 2.00g/t Au
‒ TGRC 009 2m @ 2.44g/t Au
TGRC011 - 4m @ ‒ TGRC 002 6m @ 0.61g/t Au
2.60g/t Au,
incl.1m @ 9.79g/t Au
TGRC010 - 11m
@ 0.84g/t Au
TGRC001 - 3m
@ 0.66g/t Au
TGRC009 - 2m TGRC002 - 6m
RC drilling area @ 2.44g/t Au @ 0.61g/t Au
Tagou Project Burkina Faso Projects
15 kilometres
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Regional Geology

Exploration work during Q2 2012 GONSIN 833 auger geochemical drilholes for 5,995 metres Gonsin Project Burkina Faso Projects

Auger Drilling Geochemistry

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Auger drilling
Gonsin Project Burkina Faso Projects
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Regional Geology

Exploration work during Q2 2012 GALGOULI SOUTH Orientation soil geochemical sampling Galgouli South Project Burkina Faso Projects

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Gold-In-Soil Geochemistry
Wewekera
Prospect
0 500
metres Artisanal mining site
Galgouli South Project Burkina Faso Projects
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Regional Geology

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Exploration work
during Q2 2012
KERI
919 soil geochemical samples
Keri Project Burkina Faso Projects
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Gold-In-Soil Geochemistry

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Artisanal mining site
Keri Project Burkina Faso Projects
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RESOURCES
Western Australia Projects
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Western Australia Projects

CoreProjects(100%)

 Marymia (copper, gold, nickel )  Cheriton’s Find (gold – Mineral Resources 108,000oz Au_ )  Millrose _(gold – Mineral Resources 309,000oz Au)  Charteris Creek (gold, base metals, specialty metals)

Joint Venture or Non-Core Projects (100%)  Bronzewing Sth/Kara JV (gold) ─ (Navigator earning up to 70% by spending $2.0M) Royalties and Free-Carried Interests  West Yandal (gold)  Dulcie (gold)  Porphyry (gold)

_inferred Mineral Resources_ Western Australia Projects*

Regional Geology

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Abra 3.7Mt Pb, 0.2Mt Cu, 32Moz Ag, 0.22Moz Au “Emerging major
metallogenic province
hosting the DeGrussa
Plutonic 4.7M oz Au
Marymia 0.4M oz Au Copper-(Gold) Mine,
Horseshoe Lights Plutonic Gold Mine and
0.1Mt Cu, 2.3Moz Ag, 0.24Moz Au
Thaduna/Green Dragon
Copper Deposits”
Fortnum 0.5M oz Au
Peak Hill >1Moz Au
Enigma Copper
Prospect (SIPA)
Thaduna Copper
Deposits (Ventnor)
DeGrussa & Conductor 1 Deposits
10.72 Mt @ 5.1% Cu, 1.7g/t Au for
0.6Mt Cu, 0.65Moz Au, 5.2Moz Ag
Marymia Project Western Australia Projects
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Copper Pathfinder Geochemistry

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Bismuth geochemistry
Exploration work
during H1 2012
MARYMIA
4,200 soil geochemical samples
Rock chip sampling
Detailed geological mapping
Marymia Project Western Australia Projects
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Copper Pathfinder Geochemistry

“Thekeytopathfindergeochemistryistheunderstandingofcommonassociationsof
mineralsandmetalsinunweatheredrocks,includinggold-arsenic-antimony,copper-
molybdenum-bismuthandzinc-indiumandtherecognitionoftheirnear-surfaceweathered
productsandanomalies”

Molybdenum geochemistry

Bismuth geochemistry

Marymia Project Western Australia Projects

Gold and Nickel Targets

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Arsenic geochemistry Historical gold drilling
intercepts:
‒
Chardonnay 5m @ 4.9g/t Au
‒
Champagne 3m @ 9.5g/t Au
‒
Baumgartens 2m @ 4.3g/t Au
‒ Area 2 2m @ 2.8g/t Au
‒ Bill’s Area 4m @ 4.5g/t Au
High MgO (25-32%)
ultramafics, untested at
depth, historical nickel
drilling intercepts:
‒
Area 612m @ 0.65% Ni from 8m
16m @ 0.45% Ni from 20m
20m @ 0.52% Ni from 24m
‒ K5 8m @ 1.05% Ni from 28m
‒
Area 79m @ 0.43% Ni from 3m
15m @ 0.62% Ni from 9m
4m @ 1.07% Ni from 28m
Marymia Project Western Australia Projects
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Planned Drilling Targets (Q4 2012)

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Target 22
Targets 17-19
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• PHASE 1 (yellow) RAB/Aircore drilling targets:  Target 1 – copper/gold – 10 holes for 500 metres  Target 12 – copper/gold – 20 holes for 1,000 metres  Target 13 – copper/gold – 14 holes for 700 metres  Target 14 – copper/gold – 20 holes for 1,000 metres  Target 16 – gold – 24 holes for 1,200 metres  Target 24 – gold – 20 holes for 1,000 metres  Target 25 – gold – 16 holes for 800 metres

PHASE 2 (red) RAB/Aircore drilling targets:  Target 17-19– nickel – 6 holes for 600 metres PHASE 3 Chardonnay/Champagne (green) RC/Diamond drilling targets:  – gold – 8 holes for 3,200 metres

Marymia Project Western Australia Projects

Geological Setting

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Cheriton’s Find Project Western Australia Projects
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Redwing Gold Deposit

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Redwing Section – All Lodes
(Looking west)
Laterite Mineralisation (mined 1994)
Redwing Plan – All Lodes
Cheriton’s Find Project Western Australia Projects
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Regional Geology

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Horse Well Project 100k oz Au
Newmont Jundee Operations 5.4M oz Au
Bogada Bore
Millrose Gold Deposit
300k oz Au
Mandilla Well
Apex Wiluna Operations >4M oz Au
Bronzewing Operations 3M oz Au
Mt McClure 1.1M oz Au
Darlot 2.9M oz Au
Millrose Project Western Australia Projects
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Inferred Mineral Resources

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Millrose North Section 7,082,650 mN
Millrose Inferred Gold
Resource (309k oz Au) MSRC 080
5m @ 63g/t Au
4Mt @ 2.4g/t Au
AMILA 015
AMILA 009
8m @ 3.4g/t Au,
12m @ 5.6g/t Au
8m @ 1.7g/t Au
MSAC 238 MSRC 111D
18m @ 3.6g/t Au 19m @ 5.8g/t Au
MSRC 067
MSRC 128
8m @ 5.3g/t Au,
9m @ 2.5g/t Au
7m @ 2.5g/t Au
Millrose Project 1g/t Au cutoff Western Australia Projects
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Millrose North Cross Section

SIGNIFICENT INTERCEPTS SUMMARY 550m RL Cross-Section 7,082,650 mN MSRC 075D 10m @ 3.90 g/t Au 15m @ 2.55 g/t Au MSAC 058 12m @ 25.1 g/t Au 34m @ 2.66 g/t Au MSRC 013 27m @ 3.76 g/t Au 450m RL 47m @ 1.92 g/t Au 9m @ 2.45 g/t Au MSRC 059 15m @ 5.54 g/t Au MSRC 014 6m @ 3.56 g/t Au MSAC 424 6m @ 3.23 g/t Au MSRC 001D 17m @ 2.50 g/t Au 350m RL MSAC 086D 7m @ 2.96 g/t Au 7m @ 3.28 g/t Au Millrose North Section 7,082,650 mN

Millrose Project Western Australia Projects

Gold Exploration Potential

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Aeromagnetic Image Geological Image
Millrose Inferred Gold
Resource (309k oz Au)
4Mt @ 2.4g/t Au
8-10 km strike potential
mostly unexplored below
surficial cover rocks
Roto Bore Prospect
Millrose Project Western Australia Projects
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Riedel Resources Limited

Suite 1, 45 Ord Street WEST PERTH WA 6005 Telephone: +61 8 9226 0866 Facsimile: +61 8 9486 7375 admin@riedelresources.com.au

Burkina Faso Office 1219 Ave G.K. Ouedraogo, Ouaga 2000, 06 BP 10382 Ouagadougou 06 Burkina Faso www.riedelresources.com.au

ASX: RIE, RIEO

Jeffrey Moore – Managing Director Tel: +61 8 9226 0866 Email: j.moore@riedelresources.com.au

Bruce Franzen – Executive Director Tel: +61 8 9226 0866 Email: bruce.franzen@riedelresources.com.au