SPARC TECHNOLOGIES LIMITED — Investor Presentation 2012

Jun 12, 2012

RBS Morgans

Emerging Coal Conference

13 June 2012

Disclaimer

This presentation is not a prospectus nor an offer of securities for subscription or sale in any jurisdiction nor a securities recommendation. The information in this presentation is an overview and does not contain all information necessary for investment decisions. In making investment decisions, investors should rely on their own examination of Acacia Coal Limited and consult with their own legal, tax, business and/or financial advisers in connection with any acquisition of securities. The information contained in this presentation has been prepared in good faith by Acacia Coal Limited. However, no representation or warranty, express or implied, is made as to the accuracy, correctness, completeness or adequacy of any statements, estimates, opinions or other information contained in this presentation. To the maximum extent permitted by law, Acacia Coal Limited, its directors, officers, employees and agents disclaim liability for any loss or damage which may be suffered by any person through the use of, or reliance on, anything contained in or omitted from this presentation. Certain information in this presentation refers to the intentions of Acacia Coal Limited, but these are not intended to be forecasts, forward looking statements, or statements about future matters for the purposes of the Corporations Act or any other applicable law. The occurrence of events in the future are subject to risks, uncertainties and other factors that may cause Acacia's actual results, performance or achievements to differ from those referred to in this presentation will actually occur as contemplated. The presentation contains only a synopsis of more detailed information published in relation to the matters described in this document and accordingly no reliance may be placed for any purpose whatsoever on the sufficiency or completeness of such information and to do so could potentially expose you to a significant risk of losing all of the property invested by you or incurring by you of additional liability. Recipients of this presentation should conduct their own investigation, evaluation and analysis of the business, data and property described in this document. In particular any estimates or projections or opinions contained herein necessarily involve significant elements of subjective judgment, analysis and assumptions and you should satisfy yourself in relation to such matters.

Competent Person's Statement: The information in this announcement that relates to the mineral resources is based on information evaluated by Rob Dyson who is a Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM). Mr Dyson is a fulltime employee of McElroy Bryan Geological Services Pty Ltd. Mr Dyson is a qualified geologist and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and 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' (JORC Code). Mr Dyson consents to the inclusion in the presentation of the matters based on his information in the form and context in which it appears.

Table of contents

Corporate Strategy

• § Acacia's ultimate aim is to build a successful new coal company
• § Acacia's first priority is the Comet Ridge Project which has:
  • Shallow coal seams
  • Coking coal
  • Strategic location, next to railway
  • Bandanna Energy to build and fund Train Loading Infrastructure
• § Acacia believes in the long term strength of the coking coal market

Corporate Snapshot

Key projects

Priority Project – Comet Ridge EPC 1230

• Maiden Inferred Resource of 150Mt
• Completion of Feasibility study by Dec 2012

Second Project – Spring Creek EPC 1505

• Underground, low ash thermal coal potential
• South of Peabody's West Buckland coal deposit

Company Overview

Market Capitalisation (8 June 2012)	$27.0m
Shares on issue	903.8m
Options on issue	114.0m
Cash (as at 31 May 2012)	$8.5m

Major Shareholders (17 April 2012)

Charlotte Investments Pty Ltd	12.62%
Argonaut Equity Partners Pty Limited	6.30%
Skye Equity Pty Ltd	4.92%

Registered and Principal Office

Suite 1902, Level 19, Tower A, The Zenith 821 Pacific Highway Chatswood NSW 2067 Telephone 1300 222 625 (1300 ACCOAL)

Bowen Basin Tenements

5 Prospective Areas in Bowen Basin

• § Comet Ridge (EPC 1230)
• § Spring Creek (EPC 1505)
• § Emerald (EPC 1580)
• § Sandhurst Creek (EPC 1720)
• § Jack Creek (EPC 1319)
• First Priority
  • Comet Ridge Project
• Second Project – Spring Creek

Board and Management

Board and Management

Tim Sugden - Non-Executive Chairman Founding Director Agincourt Resources and Nova Energy

Gavin May - Managing Director Former CEO Gloucester Coal

Michael Mulroney - Non-Executive Director Managing Director Venturex Resources Limited,

Amanda Ward - Non-Executive Director CPA in finance and accounting

Robert Waring – Chief Financial Officer Former Company Secretary Gloucester Coal

Graham Colliss - Chief Projects Officer Former COO Gloucester Coal

Harvey Crowden – Chief Metallurgist Former Chief Metallurgist SouthGobi Resources

Management Team

(left to right) Harvey Crowden, Robert Waring, Graham Colliss, Gavin May

Comet Ridge Project

The Fundamentals

• § Shallow Open Cut Coal
• § Coking and Thermal Products
• § Proximity to Rail Infrastructure
• § Low Capex

Exploration – 3 Drill Stints in 2012

• § 45 holes completed to date
• § Targeting Fair Hill and Triumph seams at depths <50m
• § Intersected Triumph seam (formerly named B Seam, 27m below Fair Hill seam) 2.1m thickness at depths <10m
• § Second drill stint in progress

Number Hole Type Meters 2011 Drilling Programme

52	Open	5415
8	Cored	572
60	Total	5987

JORC Coal Resource – Comet Ridge
Depth Increment	Inferred Resource (Mt)
0 – 50m	50
50 – 100m	100
Total	150

2012 Drilling Programme- In Progress**
Number	Hole Type	Meters
43	Open	1720
2	Cored	36
45	Total	1756

Comet Ridge Project

EPC 1230 Location Plan – Infrastructure & Potential Open Cuts

WKSP Z:\clients\Acacia_Coal\12-0028_Mapping_Request\Mapping\Workspaces\PotentialPits_Present.mxd Created on 12/06/2012 by JB

Comet Ridge Project

Geology

Fair Hill seam

Sequence of banded coal & claystone, 8 – 14m thick

In-pit processing to remove claystone bands

Coal concentrate ex pit to coal process plant

Targeting low strip ratio <2:1 (bcm/tcoal)

Infrastructure Agreement with Bandanna Energy (ASX: BND)

Overview

InfrastructureAgreementwith BandannaEnergy	•Acacia has entered into a Binding Agreement with Bandanna Energy to share infrastructure•Bandanna to fully fund and build a 14 million tonne per annum train loading facility at Comet Ridge comprising;§rail spur and loop;§train loading bin and stockpiles.•Bandanna to use this facility for its Springsure Creek Project
What it meansfor Acacia	•Acacia to have;Priority access to 1 Mtpa rail loading and an additional 1 Mtpa (subject to spare capacity);§§Connection point for power and use of access roads;§20 million options in Bandanna – strike price of $1.50 and vesting on Bandanna being granted a mininglease or a change in control in Bandanna.

Substantial capital savings and reduced development time for Comet Ridge

Major Infrastructure Secured for Comet Ridge Project

Bandanna Infrastructure Agreement provides

• § Significant reduction in future capital Budget Estimate <$70 million
• § Environmental and Approval synergies
• § Rail Loading Facilities committed
• § Operational Collaboration between Acacia and Bandanna
• § Decision to develop Comet Ridge not required before end 2013

Item	CapitalResponsibility
Rail Spur & Loop	BND
Train Loading Bin	BND
Access to infrastructure, roads/power	BND/AJC
Coal Process Plant & Stockpiles	AJC
In-pit Processing & Mining facilities	AJC

Achievements and Future Milestones – Comet Ridge Project

• Achievements ü150Mt Inferred JORC resource at <100m depth

  • Includes 50Mt at <50m depth
  • üSecured significant proportion of future infrastructure

• In Progress § Drilling to increase Resource status to Indicated/Measured

  • § North west extensions of Fair Hill and Triumph seams
  • § Explore Triumph seam potential
  • § Identify sample pit/costean locations

Future Milestones

• § Coal Processing Studies
• § Update JORC Statement
• § Develop Conceptual Mine Plan
• § Project Feasibility by end of 2012

For further information, please contact

Gavin May Robert Waring Managing Director Company Secretary / CFO T: 1300 222 625 T: 1300 222 625

E: gavin.may@acaciacoal.com E: robert.waring@acaciacoal.com