RIEDEL RESOURCES LIMITED — Investor Presentation 2011

Oct 9, 2011

ASX ANNOUNCEMENT 10 October 2011

Investor Update – October 2011

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COMPANY DIRECTORS Mr Ian Tchacos Non-Executive Chairman

Mr Jeffrey Moore Managing Director

Mr Bruce Franzen Executive Director

The Company is pleased to advise an Investor Update in regards it’s current and planned activities.

The attached presentation is being released to brokers and institutional investors over the course of this week commencing 10 October 2011.

Mr Andrew Childs Non-Executive Director

Mr Wolfgang Zimmer Non-Executive Director

COMPANY SECRETARY

Mr Bruce Franzen

CONTACT DETAILS Principal & Registered Office Suite 1 45 Ord Street West Perth WA 6005 Australia

Postal Address PO Box 1559, West Perth WA 6872

Website www.riedelresources.com.au

For further information please contact:

Bruce Franzen Executive Director Riedel Resources Limited Tel: 61 8 9226 0866 Email: bruce.franzen@riedelresources.com.au

Jeffrey Moore Managing Director Riedel Resources Limited Tel: 61 8 9226 0866 Email: j.moore@riedelresources.com.au

Email admin@riedelresources.com.au

Phone +61 8 9226 0866

Facsimile +61 8 9486 7375

ABN:91 143 042 022 ASX CODE: RIE, RIEO

About Riedel Resources Limited

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Riedel Resources Limited is an Australian Based exploration Company established to explore for and develop gold and base metals mineralisation in Western Australia. The Company was incorporated on 9 April 2010 as a public company for the purpose of acquiring a portfolio of highly prospective exploration projects located in Western Australia from ADX Energy Limited (formerly AuDAX Resources Limited). Riedel successfully listed on the ASX on 31 January 2011.

Further information can be found on Riedel Resources at the Company’s website www.riedelresources.com.au .

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Investor Update

October 2011

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 Drivers

• Listed on ASX in January 2011

• ─ Patersons Securities as IPO Lead Manager, raised A$5.2M

• Brownfields and greenfields projects in proven mineralised regions of WA

• Five core Western Australia projects

• ─ Marymia (100% copper, gold, nickel)

• ─ Millrose (100% gold - Inferred Gold Resources[1.] 309,000oz Au) ─ Cheritons Find* (100% Au - Inferred Gold Resources[2.] 108,000oz Au)

• ─ Charteris Creek* (100% iron ore, gold & specialty metals)

• ─ Mount Webb (100% copper & gold)

• Active, experienced project generation team established to acquire opportunities focused on investor interest and shareholder value

• Phil Jones (Maynard Assoc.) 25 July 2010

• Sons of Gwalia 29 November 2000

• Under application

Board and Management

Ian Tchacos – Chairman

Mr Tchacos is a mechanical engineer with over 25 years international experience in corporate development and strategy, mergers and acquisitions, exploration, development and production operations, marketing and finance. Jeffrey Moore – Managing Director

Mr Moore is a geologist with extensive technical, managerial and project finance experience in exploration and mining for publicly listed companies. He has generated and managed projects for commodities including precious metals, copper, base metals, diamonds, nickel and industrial minerals throughout Australia, Central and South America, Africa, PNG and Asia.

Bruce Franzen – Executive Director

Mr Franzen is a CPA with over twenty year’s local and international experience in the resources industry. This includes substantial experience in commercial administration and financial control related to offshore oil & gas drilling, exploration, and development of large scale capital resource projects.

Board and Management

Ed Turner – Exploration Manager

Mr Turner has 24 years of experience as a geologist both in Australia and overseas. For much of this time he has managed exploration and development projects in Australia, Brazil, Romania, The Ukraine and The Democratic Republic of Congo for precious and base metals, uranium and manganese. His experience has included project acquisition, foreign government liaison, development and training of exploration teams, underground gold mining and resource estimation.

Andrew Childs– Director

Mr Childs is a geologist and is Chairman of Australian Oil Company Limited and NonExecutive Director of ADX Energy Limited. He also sits on the Boards of a number of unlisted private and public companies including AIM listed Stratic Energy Corporation. Wolfgang Zimmer – Director

Mr Zimmer has 29 years experience in the oil and gas Industry after receiving his Ph.D from the University of Vienna in Geology and Petrology. Mr Zimmer is currently Managing Director of ADX Energy Limited.

Corporate Summary

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Capital Structure

ASX Code: RIE

Listed: Jan 2011 A$5.22M IPO

Shares (RIE) Total

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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

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69%

Major Shareholders ADX Energy HSBC NEFCO

42.9% 4.8% 3.9%

Share Price A$0.11 Mkt. cap (undiluted) A $6.4M Cash (30 September 2011) ~A $3.9 M

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Project Locations

• Core Projects

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

• ─ Marymia (100% Cu, Au, Ni)

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

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

• ─ Mount Webb (100% Cu-Au)

• JV/Other

• ─ Bronzewing Sth/Kara JV (Au)

  • (Navigator earning up to 70% by spending $2.0M)

• ─ Telfer* (100% Au-Cu)

• Royalties and Free Carried Interests

• ─ West Yandal

• ─ Dulcie

─ Porphyry

• Under application 1. Inferred Mineral Resources

Marymia Project Plutonic-Doolgunna Region

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Marymia Project District 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 Enigma Cu
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

Baumgarten Greenstone Belt Yerrida and Earaheedy Basins

Marymia Project – Yerrida Basin Proximal Copper Exploration

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SOURCE DATA: Sipa Resources Limited – ASX Release 19 August 2011 Lodestar Minerals Limited – ASX Release 13 September 2011

Marymia Project – Yerrida Basin Proximal Copper Exploration

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SOURCE DATA: Sipa Resources Limited – ASX Release 19 August 2011 Lodestar Minerals Limited – ASX Release 13 September 2011

Marymia Project – Yerrida Basin Copper Geochemistry

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Lodestar RAB drilling traverses
Zone of anomalous bedrock
copper geochemistry
Enigma Copper Anomaly
SOURCE DATA: Sipa Resources Limited – ASX Release 19 August 2011 Lodestar Minerals Limited – ASX Release 13 September 2011
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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
SOURCE DATA: Sipa Resources Limited – ASX Release 19 August 2011 Lodestar Minerals Limited – ASX Release 13 September 2011
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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 – 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

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Aeromagnetic Image and Gold Targets

• Numerous untested anomalies and targets including:

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

• Structural/magnetic targets

Baumgartens North Chardonnay/Chardonnay South

Champagne

Area2/Area2 Extended

• 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

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Bill’s A rea
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• 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

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

Aeromagnetic Image and untested by modern exploration Nickel Targets • Limited historical work – previous intercepts (western portion) include: ~~Area~~ 7 ‒ Area 6 12m @ 0.65% Ni from 8m K5 16m @ 0.45% Ni from 20m ~~Area~~ 6 Area 1 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

Millrose Project North Yandal Greenstone Belt

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Millrose Project

Technical Synopsis

• Located approximately 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 north-south 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 include:

• stand alone mining and processing

• – centralised plant option

• – toll treatment

• heap leach processing

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

Millrose Project Regional Geological Setting

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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 Local Geological Setting

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

Cheritons Find Project

Southern Cross - Forrestania Greenstone Belt

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Cheritons Find Project

Technical Synopsis

• EL* located 55km from Marvel Loch within the rich Forrestania-Southern 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 underway 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

Cheritons Find Project Regional Geological Setting

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Marvel Loch Operations 3M oz Au
Nevoria
Cheritons Yilgarn S tar 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

Cheritons

•

Redwing Gold Deposit 108k oz Au

Summary

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

• Numerous brownfields and greenfields projects in WA, including exposure to the

– Emerging major metallogenic province hosting the Degrussa Copper–Gold Deposit, and

– Pilbara Province

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

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

• Current market capitalisation of ~ A$6M represents an attractive opportunity to leverage value from new and existing projects

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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.