SAVANNAH GOLDFIELDS LIMITED — AGM Information 2012

Nov 29, 2012

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Renison Consolidated Mines NL

(to be renamed Laneway Resources) AGM Presentation – 30 November 2012

Competent Persons Statement & Disclaimer

Competent Persons Statement

The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Mr Scott Hall who is a member of the Australian Institute of Mining and Metallurgy. Mr Hall is a full-time employee of Renison Consolidated Mines NL and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are 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 Hall consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Exploration Target Note

All statements as to exploration targets of Renison Consolidated Mines NL and statements as to potential quality and grade are conceptual in nature. There has been insufficient exploration undertaken to date to define a coal resource and identification of a resource will be totally dependent on the outcome of further exploration. Any statement contained in this document as to exploration results or exploration targets has been made consistent with the requirements of the Australasian code for reporting of exploration results, mineral resources and ore reserves (“JORC Code”).

Forward Looking Statement

Whilst based on information from sources considered reliable, Renison Consolidated Mines NL, its directors, employees and consultants do not represent, warrant or guarantee, expressly or impliedly, that the information in this document and presentation is complete or accurate. To the maximum extent permitted by law, Renison Consolidated Mines NL, disclaims any responsibility to inform any recipient of this document and presentation of any matter that subsequently comes to its notice, which may affect any of the information contained in this document and presentation. This material is used for a company presentation only, for more detailed information the reviewer should seek company information as provided in Renison Consolidated Mines NL’s ASX releases, Quarterly Reports and Annual Reports.

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1

Corporate Profile

Capital Structure – RSN.ASX

Shares on issue (m) 20,555[(1)] Partly Paid Shares (m) 152.5[(2) ]

Financial Position

Cash[(3)] $0.0m Debt[(3)] $17.9m Net Debt $17.9m

Note:

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1. Pre consolidation at AGM

2. Partly paids are currently forfeited and will be cancelled at AGM 3. As at 30 September 2012

3. Those entities related to Stephen Bizzell

Share Price Performance

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$0.012
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$0.006
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$0.000
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Major Shareholders

Stephen Bizzell[(4) ] 23.7% Sypco Holdings 11.6% Top 20 70.1%

2

Project Overview

Key Projects and Locations

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• Agate Creek in North Queensland (100% interest) – Epithermal Gold

• Ashford Coal in NSW (50% interest) – Coking Coal

• Arrawatta Coal in NSW (100% interest) – Coking and Thermal Coal

• Klondyke and Waitekauri (100%) - New Zealand Epithermal Gold

• Sydney Flats Gold Project (100%) – New South Wales

Agate Creek Resources[(1) ]

Coal Resources[(1) ]

• Agate Creek Gold – 514,000 oz (see slide 17 for more details)

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• Ashford Coal Project (Indicated and Inferred 13Mt on a 100% Basis), Targeting an additional 10Mt (see slide 11 for more details)

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Note : 1. Refer competent persons and exploration target statement on p. 1

Board and Management

Board

Stephen Bizzell –Chairman

Chairman of boutique corporate advisory and funds management group Bizzell Capital Partners Pty Ltd, and director of a number of ASX listing companies. He has has considerable experience and success in the fields of corporate restructuring, debt and equity financing, and mergers and acquisitions and has over 20 years’ corporate finance and public company management experience. Stephen was an Executive Director of Arrow Energy, a company he cofounded in 1999, and taken over by a JV between Shell and PetroChina in 2010 for $3.5 billion

Rick Anthon– Non-executive Director

Rick Anthon is a partner with the Queensland law firm of Hemming & Hart. Rick has twenty five years experience in corporate and commercial law with particular expertise in the mining exploration, mineral development and energy sectors.

Ben Harrison – Non-executive Director

Executive Director of boutique corporate advisory and funds management group Bizzell Capital Partners Pty Ltd. Ben has significant experience in project management, financial analysis, primary and secondary capital market and M&A transactions. He also has experience in private equity and direct investments and is involved at board and management level in a number of investee companies.

Management

• Paul Marshall – Company Secretary

• Scott Hall – Exploration Manager

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4

Agate Creek - Project Location & Access

• Agate Creek Project is located approximately 40km south of Forsayth in North Queensland

• 3 highly prospective EPM’s covering over 550km[2] and an MDL covering the Sherwood Resource area.

• 2 additional EPM applications expected to be granted during 2012 which will take the total .

• tenement package to 700km[2]

• Advanced project >$15m spent, >500 drill holes. Majority of current drilling <200m depth.

• Current JORC Resource

• 17.1 Mt @ 0.94 g/t for 514,000 oz Au at 0.3 g/t cut-off.

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5

Agate Creek – Geological Model

• The mineralisation is a lowsulphidation epithermal gold deposit characterised by irregular swarms of narrow veins, which grade into breccias and stock work zones.

• Significant mineralisation occurs along re-activated faults at the contact between granites and intrusives.

• Permian analogy of current NZ epithermal deposits.

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6

Agate Creek – Bonanza Potential

• Deep drilling is planned to intersect the potential Sherwood Bonanza Zone just above the intersection of the Agate Creek and Sherwood West Faults

• Bonanza veins occur within the boiling zones of the epithermal system, commonly around 200600 metres below land surface.

• Bonanza veins are a common feature of low-sulphidation epithermal deposits, worldwide. e.g. the Vera-Nancy lodes are the bonanza portion of the Pajingo Gold deposits.

• Two holes are planned using direction drilling methods from the same pre-collar hole with 1000m in total.

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7

New Zealand - Klondyke and Waitekauri

• Exploration Permits granted over 2 areas. Total area 207km[2] (Klondyke 161km[2] , Waitekauri 46km[2] )

• A further two applications covering highly prospective ground to the south and east of the current tenements.

• Located in the highly prospective Hauraki Goldfields (have produced over 1,300t of Au-Ag bullion) within the mineralised corridor that is host to Martha Mine – Newmont and Golden Cross.

• Martha Mine is currently producing over 300,000 Oz Au Eq. pa. The recent Favona gold discovery adjacent to Martha Mine attests to significant remaining discovery potential of the area

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8

New Zealand - Historical Production Regional

• Little systematic modern exploration undertaken in area due to governmental restraints, this has now changed with government supportive of mining

• Historical Production from Mines with in the region predominantly pre WWII

• Waihi – Martha Mine has produced so far over 5 Moz Au and 11Moz Ag

• Golden Cross – produced 386 koz of Au/Ag bullion between 1885-1917, and over 643 koz of Au and 322 koz of Ag between 1991-1997

• Maratoto Mining area – 290koz of Au/Ag bullion

• Sheet Anchor Mine – 1,410 oz of Au/Ag bullion

• Klondyke Mine – 35 oz of Au/Ag bullion

• We three Claim – 297 oz of Au/Ag bullion

• Union Jack and Miners Rights – 634 oz of Au/Ag bullion

• Neavesville Mining Area – produced almost 30 koz of Au/Ag bullion between 1875-1938

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9

New Zealand - Deposit Model

• Epithermal Gold deposition generally limited to between 100-400m below ground surface (equivalent to temps between 180-260C in low salinity, low gas systems)

• Low-sulphidation epithermal mineralisation

• Andesite hosted epithermal Au-Ag

• Rhyolite hosted epithermal Au-Ag

• Andesite hosted polymetallic veins

• High sulphidation epithermal mineralisation possible as there is advanced argyllic alteration present in the Coromandel region

• Modern (5-20 Myr) equivalent to Sherwood (200250MYr)

• Equivalent system can currently be seen depositing at Taupo

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Waihi Deposit Model

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10

Ashford and Arrawatta Coal Projects

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• Current Indicated Resource of 8.2Mt and Inferred Resource of 5Mt[(1)] .

• Potential for further 10Mt at Atholwood[(1)] .

• Quality test work has confirmed Hard Coking coal product.

• 3 leases covering 124km[2] , 100% Renison.

• 3 leases covering 77km[2] under joint venture with NEC

Coal Quality - Ashford

Washing yield %	72.0%
Product Ash %	7.3%
Volatile Matter %	23.6%
Inherent Moisture %	1.1%
Mean Maximum Reflectance	1.14
Crucible Swell Number	6.5
Sulphur %	0.4%
Phosphorous %	0.03%

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11

Note : 1. Refer competent persons and exploration target statement on p. 1

Ashford Coking Coal – Overview

• Renison and NEC (New Hope Corporation) each holds 50% of Ashford.

• Previous small scale mining supplied a local smelter and local power station pre 1990.

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EL6234
EL6428
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• Coal Quality Analysis indicated hard coking coal potential equivalent to premium Bowen Basin coals

• Smaller scale (Yarabee size) development time frame could be short

• Further resource estimates to be issued as the drilling programme continues, product expected to be premium quality, medium volatile hard coking coal.

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Previous mining and
exploration area,
focus of initial JORC
resource estimate
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• Initial project scope to be decided by before potential Feasibility Study next year – subject to JV approval.

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12

Arrawatta Coal Project

• Regional exploration project for Permian coking coal

• Located 30-60kms south of Ashford Coal Project

• Targeting Permian coking and brown coals beneath Tertiary sediments and basalt cover

• Arrawatta discovery area targeted due to reports of a single seam of coking coal sampled from a WWII era shallow shaft sunk within the Permian sequence.

• Exploration has delineated multiple seams from 12m with individual seam thicknesses up to 6.4m open to north

• Maximum cumulative thickness of 28.5m of coal in a sequence of 128m of Permian sediments

• Analysis has shown high quality coking coal equivalent to the Ashford seam

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13

Regional Infrastructure

• Preferred short term road- rail routes available via Moree

• Potential to reopen the line to Inverell with sufficient tonnage

• Major push to develop new inland transport routes along east coast and away from Sydney

• Federal Government funding a transportation feasibility study

• Any additional coal tonnage will add weight to the proposals and affect the routes

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14

Early Stage Exploration Projects

Sydney Flat Deep Lead

• Granted tenement 147km[2 ] in New England Fold Belt 5km south west of Armidale

• Alluvial gold deposit

Rockland Gold Project

• Two tenement applications offer for grant covering prospective IRGS ground to the southeast of Warwick.

• The tenements cover a series of NE trending felsic dykes with the potential to host IRGS and related mineralisation. To the north the Greymare granite holds the potential for adakite related mineralisation (a variant of IRGS).

• Other

• Ongoing new project opportunities are being actively pursued

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15

Investment Highlights

• Existing gold and coal projects with JORC resources provides solid basis for appraisal and development

• Exploration upside in particular from Agate Creek which is open at depth as well as large tenement position in NZ on trend from large multi-million ounce gold and silver deposits

• A promising portfolio of exploration projects and ongoing new project opportunities actively being pursued

• Renewed management and board focus

• Restructure and recapitalisation underway. Following restructure and recapitalisation Renison will be positioned to capitalise on existing projects as well as new project opportunities

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16

Appendix - Agate Creek - Sherwood Resource & Pit Shells

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17