RIEDEL RESOURCES LIMITED — Investor Presentation 2012

Mar 11, 2012

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RESOURCES

Company Update

March 2012

ASX: RIE, RIEO

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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What Defines Riedel Resources?

Riedel Resources exists to acquire, explore for and develop mineral deposits

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 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

• Acquisition in progress

Corporate Summary

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Capital Structure

ASX Code: RIE, RIEO 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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70%

Major Shareholders ADX Energy HSBC NEFCO

42.9% 4.8% 3.9%

Share Price A$0.11 Mkt. cap (undiluted) A $6.4M Cash (31 December 2011) ~A $3.1 M

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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 Directors Andrew Childs Dr Wolfgang Zimmer

Jeffrey Moore Managing Director Geologist with over 25 years experience in technical, managerial and project finance and development for publicly listed companies.

Generated and managed projects for precious metals, copper, base metals, diamonds, nickel and industrial minerals throughout Australia, Central and South America, Africa, PNG and Asia.

Ed Turner Exploration Manager

Geologist with 24 years of experience managing exploration and development projects in Australia, Brazil, Romania, The Ukraine and The Democratic Republic of Congo for precious and base metals, uranium and manganese.

Experience in project acquisition, foreign government liaison, development and training of exploration teams, underground gold mining and resource estimation.

What We Achieved - 2011

 Listed on ASX in January 2011 raising A$5.2M

 Key 100% project interests:

• Burkina Faso - Rights [1.] to acquire five Permits (1,100km[2] ) in one of the world’s major emerging gold provinces

• ― Marymia - Two tenements (420km[2] ) close to major copper discoveries by Sandfire, Sipa and Ventnor Resources in the Doolgunna-Thaduna trend, prospective for Cu, Au and Ni

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

• Experienced technical/project generation team including:

• Western Australia - 5 experienced senior and project geologists plus 2 consulting geologists

• Burkina Faso

Full technical support assembled by Sahara Geoservices

1. Acquisition in progress * Under application

What We Aim To Achieve - 2012

First Half Activities Forecast

 Burkina Faso (gold)

― Airborne geophysics, geochemical sampling, trenching, auger drilling

― Commence RC drilling

 Marymia (copper, gold, nickel)

― Geochemical sampling, mapping, aircore drilling ― Commence RC drilling

• Cheritons Find* (gold)

• 22 hole RC drilling programme

• Charteris Creek (base metals, gold, specialty metals)

• Mapping, geochemical sampling and trenching

• Under application, subject to date of grant

West Africa Projects

“West Africa gold province hosts over 50 plus 1Moz gold deposits”

 5 Permits in Burkina Faso covering 1,076km[2]

• gold enriched Birimian greenstone rocks

• ― areas of artisanal mining

• major regional structures

• numerous ‘gold-in-soil’ anomalies and rock chip samples up to 65g/t Au

• multiple drill targets within each permit

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― 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 Project Locations

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Keri
Gonsin
Tagou
Moaga
Galgouli
South
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Burkina Faso

Galgouli South Project

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Artisanal gold workings at Galgouli South

Burkina Faso - Galgouli South Project Regional Geological Setting

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Burkina Faso - Galgouli South Project Wewekera Prospect

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Gold-in-soil anomalies and rock chip gold results

Burkina Faso

Gonsin Project

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Kougtanga artisanal workings

Gold bearing quartz

Burkina Faso – Gonsin Project Regional Geological Setting

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Kougtanga Prospect
artisanal workings
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Burkina Faso Tagou and Moaga Projects

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Quartz veining at Moaga

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

Burkina Faso – Tagou and Moaga Projects Regional Geological Setting

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Riedel Resources Ltd
Tagou and Moaga Projects
Volta Resources Inc
KIAKA 4.3M oz Au
Endeavour Mining Corp
OUARE 0.3M oz Au
Endeavour Mining Corp
YOUGA 1.5M oz Au
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TAGOU Prospect Rock Chip Samples 4.5 g/t Au 14.3 g/t Au 28.0 g/t Au 65.5 g/t Au 6.0 g/t Au Mt Isa Metals NABANGA Prospect 2012 RC drilling results incl. 6m @ 48.5 g/t Au 5m @ 26.3 g/t Au 10m @ 17.7 g/t Au 4m @ 16.1 g/t Au 6m @ 48.5 g/t Au 5m @ 23.0 g/t Au

Burkina Faso – Tagou Project Soil and Rock Chip Sampling Results

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28.0 g/t Au
14.3 g/t Au
4.5 g/t Au
65.5 g/t Au
65.5 g/t Au
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Burkina Faso

Keri Project

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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

Burkina Faso – Keri Project Soil and Rock Chip Sampling Results

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Western Australia Projects

 Core Projects ― Marymia (100% Cu, Au, Ni) ― Cheritons Find* (100% Au - [1.] 108,000oz Au) ― Charteris Creek (100% Au, iron ore, specialty metals) ― Millrose (100% Au – [1.] 309,000oz Au)

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• Joint Venture or Non-Core

― 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 Technical Synopsis

 Excellent location in the emerging major metallogenic province hosting the Degrussa (55km WSW), Enigma (12km W) and Thaduna (12km SW) copper– (gold) deposits

 Covers the entire Baumgarten greenstone belt, 40km east of the 4.7M oz Plutonic gold deposit and 12km E of the 0.4M oz Marymia gold deposits  Excellent geological/structural framework covering >20km of the prospective Jenkin Thrust trend

 Tenements prospective for

– Proterozoic sedimentary-hosted copper and iron-ore, and – Archaean gold, copper, nickel and base metals deposits

 Substantial district exploration expenditure targeting Proterozoic sedimentaryhosted copper and Archaean gold deposits

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 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
10.72 Mt @ 5.1% Cu, 1.7g/t Au for
0.6Mt Cu, 0.65Moz Au, 5.2Moz Ag
Prospective Jenkin Fault
Trend
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Marymia Project Copper Discoveries and Tenements

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Marymia Project – Yerrida Basin Copper Geochemistry

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Area of recent Lodestar RAB
Zone of anomalous bedrock
drilling activity
copper geochemistry
SIPA’s Enigma Copper
Anomaly
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Marymia Project Surface Sampling Results

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Marymia Project Exploration Programmes

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Marymia Project – Baumgarten Greenstone Belt Gold & Nickel Targets

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Area 7
Area 6
Baumgarten’s Reward
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

• Structural/magnetic targets

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

Baumgarten’s Reward Chardonnay/Chardonnay South Champagne

Area2/Area2 Extended

~~Bill’s A~~ rea

• Gold nugget patches & gold in quartz veins up to 153g/t

• Drilling target also identified at 2.5km south of Baumgarten’s Reward after rock chip sampling of an outcropping quartz vein returned 56.6g/t Au.

• Existing gold prospects, historical drilling:

• Baumgarten’s Reward 21m @ 19.3g/t Au 21m @ 16.7g/t Au 17m @ 13.4g/t Au

• ‒ Chardonnay N & S 6m @ 4.7g/t Au

• ‒ Champagne 5m @ 6.4g/t Au

• ‒ Area 2 2m @ 2.8g/t Au

• ‒ Bill’s Area 4m @ 4.5g/t Au

• Area 2

Marymia Project Nickel Potential

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Aeromagnetic
Image and
Nickel Targets
Area 7
K5
Area 6
Area 1
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 High MgO (25-32%) ultramafics largely untested by modern exploration

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

Summary

 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

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

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

• Aggressive exploration programs including significant drilling planned for 2012 field season

• 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

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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 Moore 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.