RIEDEL RESOURCES LIMITED — Investor Presentation 2011

Nov 29, 2011

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RESOURCES

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Shareholder Update 30 November 2011

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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.

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Key Investment Attributes

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• Listed on ASX in January 2011 ─ Patersons Securities as IPO Lead Manager, raised A$5.2M

• Key projects:

• Burkina Faso - Right to acquire 100% interests in 5 substantial permits in one of the world’s major emerging gold provinces

• ― Doolgunna-Thaduna - 100% interests in Marymia tenements along trend from recent copper discoveries by Sandfire, Sipa and Ventnor Resources, prospective for Cu, Au, iron-ore and Ni

• ― *[1.] – Southern Cross and Yandal/Millrose Greenstone Belts[2.] Inferred Gold Resources >400,000 oz Au

• Active, experienced technical and project generation team capable of delivering investor interest and shareholder value from modest market capitalisation base relative to peers

1. Sons of Gwalia 29 November 2000 2. Phil Jones (Maynard Assoc.) 25 July 2010

• Under application

Corporate Summary

Capital Structure ASX Code: RIE Listed: Jan 2011 A$5.22M IPO Shares (RIE) Total 58.3M (RIE) Escrowed to Jan 2013 25.9M (RIE) Tradeable 32.4M Options (RIEO, Nov 2012 $0.20) 29.1M (Unlisted, June 2014 $0.30) 9.5M

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Shareholdings Top 20 69% Major Shareholders ADX Energy 42.9% HSBC 4.8% NEFCO 3.9% Share Price A$0.11 Mkt. cap (undiluted) A$6.4M Cash (31 October 2011) A$3.7M

Project Locations

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Burkina Faso Projects Keri Gonsin Tagou Moaga Galgouli South Charteris Creek Marymia Mt Webb Millrose Cheritons Find

Western Australia Projects

Western Australia Project Highlights

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• Core Projects

• ─ Marymia (100% Cu, Au, Ni, iron ore)

• ─ Charteris Creek (100% Au, iron ore, specialty metals)

• ─ Millrose (100% Au – [1.] 309,000oz Au)

• ─ Cheritons Find* (100% Au - [1.] 108,000oz Au)

• JV/Other

• ─ Bronzewing Sth/Kara JV (Au) (Navigator earning up to 70% by spending $2.0M)

• ─ Telfer* (100% Au-Cu)

• ─ Mount Webb (100% Cu-Au)

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Charteris Ck Telfer
Mt Webb
Marymia
Millrose
West Yandal Bronzewing Sth/Kara
Porphyry
Dulcie
Cheritons Find
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• Royalties and Free Carried Interests

• ─ West Yandal

• ─ Dulcie

• ─ Porphyry

• Under application 1. Inferred Mineral Resources

Burkina Faso Projects Highlights

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• 5 Permits covering 1,076km[2] with:

• major regional structures

• – gold enriched Birimian Greenstone rocks

• – areas of artisanal mining

• – high prospectivity for the discovery of significant gold deposits with numerous ‘gold-in-soil’ anomalies and rock chip samples up to 65g/t Au

Gonsin Keri Moaga Tagou Galgouli South

• Multiple drill targets have been identified within each permit, several permits lie along strike from major gold deposits (Konkera 3.1M oz Au) and operating gold mines (Youga 1.1M oz Au and Kalsaka 0.6M oz Au)

• Burkina Faso contains 22% of West Africa’s Birimian Greenstone Belts compared to Ghana’s 19% and Mali’s 10% but lags these countries in gold production due to lack of exploration investment to date.

Burkina Faso Projects

Burkina Faso Peer Comparisons

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Burkina Faso Focused Exploration and Mining Companies (sub $500M Cap.)

$450 $400 $350 $300 $250 $200 $150 $100 $50

$0

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At 21 November 2011

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Burkina Faso Projects
Project Locations
Keri
Gonsin
Tagou
Moaga
Galgouli
South
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Burkina Faso - Galgouli South Project Artisinal Gold Mining Activities

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Artisanal gold workings at Galgouli South

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Burkina Faso - Galgouli South Project
Regional Geological Setting
Galgouli
South
Logolona North
Riedel Resources Ltd
Logolona Ampella Mining Ltd
Galgouli Sth Project
Wewekera Ouatiano Batie West Project
Ampella Mining Ltd
Konkera Gold
Resource 3.1M oz Au
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Burkina Faso - Galgouli South Project Wewekera Prospect

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Gold-in-soil anomalies and rock chip gold results

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Burkina Faso – Gonsin Project Artisinal Gold Mining Activities

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Kougtanga artisanal workings

Gold bearing quartz

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Burkina Faso – Gonsin Project
Regional Geological Setting
Orezone Gold Corp
Sega 0.6M oz Au
Gonsin
Cluff Gold plc
Kalsaka 0.6M oz Au
Sabce Fault
Zone
Riedel Resources Ltd
High River Gold Mines Ltd
Gonsin Project
Bissa 1.7M oz Au
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Burkina Faso – Gonsin Project Aeromagnetic Image and Targets

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Kalsaka Open-pit
0.6M oz Au
Riedel Resources Ltd
Gonsin Project
Sabce Fault Zone
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Burkina Faso – Tagou and Moaga Projects Moaga Quartz Veining

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Quartz veining at Moaga

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Youga Open-pit 50km SW of Moaga [source: Endeavour Mining website]

Burkina Faso – Tagou and Moaga Projects Regional Geological Setting

Riedel Resources Ltd Tagou and Moaga Projects

Tagou and Moaga

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Endeavour Mining Corp Ouare 0.3M oz Au Endeavour Mining Corp Youga 1.5M oz Au

Burkina Faso – Tagou Project Soil and Rock Chip Sampling Results

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Burkina Faso – Keri Project Artisinal Gold Workings

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Artisanal gold mining site at Keri with sheeted quartz veining exposed for over 400m

Artisanal gold mining site at Keri with sheeted and stockwork mineralisation

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Marymia Project Plutonic-Doolgunna Region

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Marymia Project Geological Setting

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Abra 3.7Mt Pb, 0.2Mt Cu, 32Moz Ag, 0.22Moz Au
Plutonic 4.7M oz Au
Marymia
Marymia 0.4M oz Au
Horseshoe Lights
0.1Mt Cu, 2.3Moz Ag, 0.24Moz Au
Fortnum 0.5M oz Au
Peak Hill >1Moz Au EnigmaCu
Anomaly (SIPA)
Thaduna Cu
Deposits (Ventnor)
DeGrussa & Conductor 1 Deposits
0.6Mt Cu, 5.2Moz Ag, 0.65Moz Au
Prospective Jenkin Fault
Trend
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Marymia Project Copper Discoveries and Tenements

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Marymia Project Regional Geological Setting

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Baumgarten
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Baumgarten Greenstone Belt Yerrida and Earaheedy Basins

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Marymia Project – Yerrida Basin Copper Exploration Activities

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Marymia Project – Yerrida Basin Copper Geochemistry

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Lodestar RAB drilling traverses
Zone of anomalous bedrock
copper geochemistry
Enigma Copper Anomaly
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Marymia Project – Baumgarten Greenstone Belt Gold & Nickel Targets

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Area 7
Area 6
Baumgartens North
K5
Chardonnay/Chardonnay South
Area 1
Champagne
K14
Area2/Area2 Extended
Bill’s Area
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Marymia Project Gold Potential

Aeromagnetic Image and Gold Targets

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• Numerous untested anomalies and targets including:

• Geochemical anomalies (soil, vacuum, RAB/AC)

• Structural/magnetic targets

Baumgartens North Chardonnay/Chardonnay South Champagne Area2/Area2 Extended Bill’s Area

• Conceptual targets – flat lying stacked lens concept apparent at the Plutonic Mine untested

• Gold nugget patches & gold in quartz veins – 153g/t, 15g/t and 16g/t Au

• • Existing gold prospects, historical drilling:

• Baumgarten North 2m @ 4.3g/t Au

• Chardonnay N & S 6m @ 4.7g/t Au

• ‒ Champagne 5m @ 6.4g/t Au

• ‒ Area 2 2m @ 2.8g/t Au

• ‒ Southern mag 4m @ 4.5g/t Au

Marymia Project Nickel Potential

Aeromagnetic Image and Nickel Targets

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• High MgO (25-32%) ultramafics largely untested by modern exploration

• Limited historical work – previous intercepts (western portion) include:

Area 7

K5

Area 6

Area 1

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‒ Area 6 12m @ 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 7 9m @ 0.43% Ni from 3m 15m @ 0.62% Ni from 9m 4m @ 1.07% Ni from 28m • Structural/Magnetic/Lithological Targeting

• Multi-element geochemical survey defined 12 targets

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Millrose Project North Yandal Greenstone Belt

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Millrose Project Technical Synopsis

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• Located 80km NE of Wiluna within the prospective Yandal/Millrose Greenstone Belt

• Inferred Gold Resources of 4Mt @ 2.4g/t Au for 309,000 oz Au

• Gold associated with silica-pyrite in greenstone within the Celia Shear Zone

• Gold Resources hold potential to be profitably mined at current gold prices (>$1,200/oz Au) assuming toll treatment option

• Resources review and scoping study using current gold price and operating costs, development options assessed include:

• stand alone mining and processing

• – centralised plant option

• – toll treatment

• 8-10 km of strike along the Celia Shear mostly untested below cover rocks in the southern licence

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Millrose Project
Regional Geological Setting
Horse Well Project 100k oz Au
Millrose
Newmont Jundee Operations 5.4M oz Au
Bogada Bore
Millrose Gold Deposit
300k oz Au
Apex Wiluna Operations >4M oz Au
Mandilla Well
Bronzewing Operations 3M oz Au
Mt McClure 1.1M oz Au
Darlot 2.9M oz Au
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Millrose Project Gold Exploration Potential

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Aeromagnetic Image Geological Image
Millrose Inferred Gold
Resource (309k oz Au)
4Mt @ 2.4g/t Au
Strike potential mostly
unexplored below
surficial cover rocks
Roto Bore Prospect
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Cheritons Find Project

Southern Cross - Forrestania Greenstone Belt

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Cheritons Find Project Technical Synopsis

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• EL* located 55km from Marvel Loch within the minerals rich ForrestaniaSouthern Cross Greenstone belt

• Redwing [1.] Inferred Gold Resources of 1.4Mt @ 2.4g/t Au for 108,000 oz Au [2.]

• Gold associated with quartz veining in mafic-ultramafic rocks on the flank of the Parker Range Dome

• Gold Resources dip shallowly west and defined over 500m to a vertical depth of 160m

• Resources review and scoping study completed using current gold price and operating costs

• 20% free carried interest in Gondwana Resources Limited’ Dulcie Gold Project, located 10 km to the north-west of Redwing

• Under application 1. 3.5% gross metal royalty payable to St Barbara Limited and Associates 2. 0.5g/t Au cutoff

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Cheritons Find Project
Regional Geological Setting
Marvel Loch Operations 3M oz Au
Nevoria
Cheritons Find Yilgarn Star 2M oz Au
Great Victoria
Parker Range
Buffalo
Spring Hill
Dulcie (RIE 20%)
Dulcie
Cheritons (RIE 100%)
British Hill
Redwing Gold Deposit
108k oz Au
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Cheritons Find Project Local Geological Setting

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Redwing Gold Deposit
108k oz Au
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Charteris Creek Project

Pilbara Region

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Charteris Creek Project Regional Geological Setting

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Charteris Creek Charteris Creek Project

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Charteris Creek Project Local Geological Setting

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Lennons Find Project (Laconia) Hammerhead Prospect 853,000t @ 7.74% Zn, 1.8% Pb, 0.7% Cu, 115g/t Ag

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Invincible Gold Mine 14t @ 1,600g/t Au

Charteris Creek Project

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McPhee Creek(Atlas) 260Mt @ 56% Fe

Summary

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• Existing Gold Resources with potential to expand, develop or partner

• High calibre exploration projects in WA and West Africa, including exposure to the

• Fastest growing gold producing region in the world (West Africa)

• – Emerging major metallogenic province hosting the Degrussa, Enigma and Thaduna Copper–(Gold) Deposits, and

• – Pilbara Province

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

• Active project generation and business development aimed at acquiring quality exploration projects in Australia and/or overseas

• Current market capitalisation of ~ A$6M represents a compelling opportunity to leverage value relative to peers

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www.riedelresources.com.au Jeffrey Moore – Managing Director Tel: 08 9226 0866 Email: j.moore@riedelresources.com.au Bruce Franzen – Executive Director Tel: 08 9226 0866 Email: bruce.franzen@riedelresources.com.au Competent Persons Statements The information in this report which relates to Exploration Results, Mineral Resources or Ore Reserves is based on information complied by Mr J J Moore, who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Moore is a full-time employee of the Riedel Resources Limited. Mr Varndell 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 quality as a Competent Person as defined in the 2004 Edition of the “Australasian Code of reporting of Exploration Results, Exploration Targets, Mineral Resources and Ore Reserves.” Mr Moore consents to inclusion in this report of the matters based on his information in the form and context in which it appears.