ROX RESOURCES LIMITED — Investor Presentation 2011

May 17, 2011

ASX: RXL

ROX RESOURCES LIMITED

==> picture [220 x 165] intentionally omitted <==

A Diversified and Well Funded Explorer

Ian Mulholland, Managing Director Investor Presentation, 18 May 2011

==> picture [719 x 100] intentionally omitted <==

Competent Person Statement

The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Mr Ian Mulholland BSc (Hons), MSc, FAusIMM, FAIG, FSEG, MAICD, who is a Fellow of The Australasian Institute of Mining and Metallurgy and a Fellow of the Australian Institute of Geoscientists. Mr Mulholland 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 Mulholland is a full time employee of the Company and consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

==> picture [719 x 100] intentionally omitted <==

Rox Strategy

• Potentially large projects

• • Favourable locations

• • No specific commodities, but favour gold & base-metals

• • Must be fundable

• • Always looking for opportunities

==> picture [162 x 69] intentionally omitted <==

Project Locations

• Myrtle Zinc

• • Current resource contains >2Mt Zn+Pb metal

• • Potential for major zinc deposit, just 20km from established mine

• • $15M JV with Teck Resources Marqua Phosphate

• • Surface samples up to 39% P2O5

• Mt Fisher Gold-Nickel • Drilling results include 6m @

• • 615km[2] of the Mt Fisher 19.9% P2O5, and 5m @ 23.7% Greenstone Belt P2O5 • Potential for uranium, base-

• • High Grade drill intercepts metals and REE

• • Significant gold-in-regolith anomalies up to 7km long

==> picture [162 x 69] intentionally omitted <==

• Halfway between Darwin and Mt Isa

• 20km south of world class McArthur River Pb-Zn mine (3% of world’s Zn production) ~ 200,000 tonnes of Zn & Pb p.a.

• Adjacent to existing infrastructure at McArthur River (e.g. airport, road, gas pipeline, port)

Myrtle Location

==> picture [301 x 441] intentionally omitted <==

• Located on pastoral lease

• NT Government one of the most helpful State or Territory Govts in Australia

• $15m JV with Teck

==> picture [162 x 69] intentionally omitted <==

Geology

• Favourable for SEDEX (very large) style Pb-Zn deposits

• McArthur River mine is world class size

20km

• Rox owns 100% of 669 km[2 ] tenement area

• Host rocks form a series of sedimentary basins prospective for more discoveries

==> picture [162 x 69] intentionally omitted <==

Current Resource

==> picture [185 x 440] intentionally omitted <==

• 43.6 Mt @ 4.1% Zn, 0.9% Pb* (3% Zn+Pb cut-off)

• Indicated 5.8 Mt @ 3.6% Zn, 0.9% Pb

• Inferred 37.8 Mt @ 4.2% Zn, 1.0% Pb

• 2.2 Mt contained Zn + Pb metal (4.8 B lbs)

• 15.3 Mt @ 5.5% Zn, 1.4% Pb* (5% Zn+Pb cut-off)

• Indicated 1.2 Mt @ 5.4% Zn, 1.4% Pb

• Inferred 14.1 Mt @ 5.5% Zn, 1.4% Pb

• There may be small rounding errors due to the use of significant figures. Cross-section polygonal resource estimation method used.

==> picture [162 x 69] intentionally omitted <==

Myrtle Basin Potential

==> picture [673 x 442] intentionally omitted <==

----- Start of picture text -----

New Eastern
Zone discovered
High Grade Nov 2009
Target Current Resource
43.6 Mt @ 5.0% Zn+Pb
More laminated IP Anomalies
MY20
style
MY16
MY17
MY10 Strong Nodular
Carbonate style
High Grade
Target
Open pit potential
confirmed over 700
metres strike
----- End of picture text -----

==> picture [162 x 69] intentionally omitted <==

Myrtle Basin Potential

==> picture [720 x 441] intentionally omitted <==

----- Start of picture text -----

Strong Nodular
Carbonate style
More laminated
style
Open Pit
Potential
----- End of picture text -----

==> picture [162 x 69] intentionally omitted <==

McArthur River Model

==> picture [675 x 441] intentionally omitted <==

----- Start of picture text -----

After Ireland et. al.
New drill holes to test
High Grade Target
Central Zone of High
Grade (1 x 2km) Existing drill holes
surrounded by Nodular located in fringe
Nodular Carbonate
Carbonate Zone
Zone
1km
Section
Plan
2km
Ireland et. al., 2004, Econ Geol. v.99, p 1687-1709, Figures 13 and 18
----- End of picture text -----

* Ireland et. al., 2004, Econ Geol. v.99, p 1687-1709, Figures 13 and 18

==> picture [719 x 100] intentionally omitted <==

Joint Venture

• Teck is world’s 2[nd] largest Zinc producer  production expertise

• US$9B Mkt Cap Financial strength  long term funding

• • Minimum spend of $1M, including 2,000 metres of drilling (will be completed in 2011)

• $15M to earn 70% over 8 years

• $5M to earn initial 51% over 4 years

• 25km radius Area of Influence

• Teck want to investigate “all prospects”, not just Myrtle  long term involvement

==> picture [162 x 69] intentionally omitted <==

• Early (1960’s) drill holes at Myrtle (MY1 & 2) were drilled short of target

• Anomalous Zn values in holes MY1 & 2 led to follow-up by Anglo in 2004-2005 and discovery of Myrtle

• Other prospects on the tenement also have shallow anomalous Zn values – need to be followed up

Exploration Potential

==> picture [489 x 441] intentionally omitted <==

==> picture [162 x 69] intentionally omitted <==

Giant Zn Deposits - Australia

Deposit	Owner	Mt	Mt
		Ore	Pb+Zn
Broken Hill	Perilya, CBH	280	51.8
	(BHP)
McArthur River	Xstrata	227	30.4
Mount Isa	Xstrata	150	19.5
Hilton	Xstrata	120	20.3
George Fisher	Xstrata	107	17.7
Myrtle (target)	Rox/Teck	100-120	10-12
Century	MMG	95	14.1
Dugald River	MMG	48	6.8
Cannington	BHP	44	7.0
Myrtle (current)	Rox	44	2.2
Lady Loretta	Xstrata	14	3.1

Myrtle

Apart from Myrtle, all owned by MAJORS

20% of the world’s zinc reserves are contained in the Northern Australian Zinc province

==> picture [162 x 69] intentionally omitted <==

Mt Fisher Location

• About 130 km east of Wiluna, 450km north of Kalgoorlie

• Several multi-million ounce deposits on adjacent belts (e.g. Yandal Belt 17 Mozs)

• Mt Fisher belt hasn’t had major discovery success yet

• Several known gold occurrences, so no reason it won’t contain large deposits

• Small high-grade mining activities during the 1930’s at Mt Fisher, and small moderate grade open cut mining there in the late 1980’s

• Nickel potential along eastern ultramafic belt, demonstrated further north at the AK47 prospect

==> picture [332 x 441] intentionally omitted <==

==> picture [162 x 69] intentionally omitted <==

Gold Anomalies

• Tenement area is 612 km[2]

• Three main prospect areas: Moray Reef, Dam-Dirks, Mt Fisher East

• Drilling at Moray Reef includes 3m @ 67 g/t, 1m @ 187 g/t and 3m @ 8 g/t

• Regolith anomaly at Dam-Dirks is 7km long.

• Many high grade drill hits at Dam-Dirks

• Regolith anomaly at Mt Fisher East is 2-3km long

• 5 km long section of ultramafic that is prospective for nickel sulphide mineralisation

• Large areas still unexplored

==> picture [318 x 441] intentionally omitted <==

==> picture [162 x 69] intentionally omitted <==

Dam-Dirks

• Three parallel structures

• Each structure has several “hot spots” which could relate to cross-cutting structures and/or sub-parallel splays

• Dam is the main prospect, although Dirks not drilled as extensively

• Drill intercepts at Dam include:

9m @ 7.1 g/t 3m @ 17.4 g/t 1m @ 45.6 g/t 4m @ 9.0 g/t 2m @ 16.6 g/t, and 8m @ 4.1 g/t

• Drilling at Dirks includes:

2m @ 13.7 g/t

==> picture [318 x 441] intentionally omitted <==

==> picture [162 x 69] intentionally omitted <==

Regolith Patterns

==> picture [352 x 244] intentionally omitted <==

Bronzewing

300m 200m Mt Fisher (Dam Prospect)

• Surficial enrichment & dispersion around Base of Overburden

• Zone of depletion to just above Base of Oxidation (also gold enrichment here)

• • Structures in fresh rock need to be located and followed down with drilling

==> picture [162 x 69] intentionally omitted <==

Geological Similarities

==> picture [720 x 296] intentionally omitted <==

----- Start of picture text -----

50m
100m
Ultramafics
Basalt
Bronzewing Mt Fisher
----- End of picture text -----

• Similar geological sequence, basalt  sulphidic chert  ultramafic

• Can be missed easily by drilling – e.g. 50m (blue) and 100m (red) holes

• Picture at Mt Fisher still very incomplete

==> picture [162 x 69] intentionally omitted <==

• 450 km ENE of Alice Springs

• Adjacent to NT-QLD border

• Gravel road access from Alice Springs (and through to Mt Isa)

• Located on pastoral leases

• 350 km from Mt Isa and 250 km from Phosphate Hill mine in QLD

Marqua Location

==> picture [196 x 441] intentionally omitted <==

==> picture [302 x 441] intentionally omitted <==

==> picture [162 x 69] intentionally omitted <==

Georgina Basin, NT

• Georgina Basin is the main hard rock phosphate province in Australia (~86% of Australia’s phosphate resources)

• Only operating mine is at Phosphate Hill (QLD) @ 2 Mtpa

• Other advanced phosphate projects are Wonarah , and D-Tree (Paradise)

• Marqua Phosphate project is 250 km from western QLD gas pipeline and nearest railhead at Phosphate Hill (south of Mt Isa)

==> picture [342 x 441] intentionally omitted <==

==> picture [720 x 540] intentionally omitted <==

----- Start of picture text -----

Marqua Project
20 km
3m @ 16.9% P2O5
5m @ 23.7% P2O5
3m @ 21.0% P2O5
5m @ 26.1% P2O5
Previous Exploration
•Rock chips (up to 39% P2O5)
•Soil Sampling
•Air core drilling
Border
NT-QLD
----- End of picture text -----

==> picture [162 x 69] intentionally omitted <==

Company Snapshot

==> picture [148 x 441] intentionally omitted <==

ASX Code: Issued Shares: Market Cap: Options:

RXL 351,301,517 $14.0 million (at 4.0 cents)

30,160,238 $0.10 30 June 2011 30,017,527 $0.015 31 July 2011 3,750,000 $0.038 26 Sep 2012 Cash: (at 31 March 2010): With Teck share placement and Options exercise Directors & Executive: Chairman: Jeff Gresham Managing Director: Ian Mulholland Finance Director: Brett Dickson

Listed RXLO Listed RXLOA Unlisted $4.5 million $5.4 million (Geologist) (Geologist) (Accountant)

==> picture [162 x 69] intentionally omitted <==

Share Price

==> picture [653 x 441] intentionally omitted <==

----- Start of picture text -----

Rox Share Price
1 May 2010 to 30 April 2011
$0.14 200,000,000
Announce $15
million JV with
$0.12 Teck
Announce
150,000,000
$0.10 Announce deal Capital Raising
with Rio to Japan
Tsunami
$0.08 remove $1/tonne
payment 100,000,000
$0.06
$0.04
50,000,000
$0.02
$0.00 0
Volume Share Price
Volume
Share Price $
03-May-10 02-Jun-10 02-Jul-10 01-Aug-10 31-Aug-10 30-Sep-10 30-Oct-10 29-Nov-10 29-Dec-10 28-Jan-11 27-Feb-11 29-Mar-11 28-Apr-11
----- End of picture text -----

==> picture [719 x 100] intentionally omitted <==

Rox Share Price Drivers

• Teck results from Myrtle – >2,000 metres of drilling in 2011

• Drilling at Mt Fisher to determine resource potential

• Exploration at Marqua including drilling to define resource potential

• 2[nd] /3[rd] Quarters

==> picture [162 x 69] intentionally omitted <==

Summary

Projects in known areas for world class deposits - still relatively poorly explored Myrtle

• JV funding secured with major zinc company

• • High grade targets ready to be tested by drilling

• Large mineral resource and will get bigger

• Myrtle look-a-likes on tenements for exploration

• Mt Fisher

• Potential to establish high grade gold resource/s

• Marqua

• Potential to establish large resource in new phosphate area

==> picture [162 x 69] intentionally omitted <==

Thank You!

Ian Mulholland Managing Director Rox Resources Limited Level 1, 30 Richardson St, West Perth WA 6005 Australia Ph: +61-8-6380-2966 www.roxresources.com.au

==> picture [331 x 441] intentionally omitted <==