VERITY RESOURCES LIMITED — Investor Presentation 2013

Feb 17, 2013

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TO: COMPANY ANNOUNCEMENTS OFFICE ASX LIMITED

Market Cap

DATE: 18 February 2013

Cash

PRESENTATION

Issued Capital

Please find following a copy of the Company’s latest presentation.

Substantial shareholders

Patrick Volpe

Chairman

Directors

Registered Office

Contact

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ABN 96 122 995 073
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DISCOVERIES IN THE LIMPOPO BELT February 2013 Update

Botswana Metals Limited

DISCLAIMER

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GENERAL DISCLAIMER

This presentation has been prepared by Botswana Metals Limited (“BML”). The information contained in this presentation is for informational purposes only and does not constitute an offer to issue, or arrange to issue, securities or other financial products. The information contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. The presentation has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of BML, its directors, employees or agents, not any other person accepts any liability, including, without limitation, any liability arising out of fault of negligence, for any loss arising from the use of the information contained in this presentation. In particular, no representation or warranty, express or implied is given as the accuracy, completeness or correctness, likelihood of achievement or reasonableness or any forecasts, prospects or returns contained in this presentation nor is any obligation assumed to update such information. Such forecasts, prospects or returns are by their nature subject to significant uncertainties and contingencies. No representation is made that, in relation to the tenements the subject of this presentation, BML has now or will at any time in the future develop further resources or reserves within the meaning of the Australian Code for Reporting of Exploration Results, Mineral resources and Ore Reserves (The JORC Code).

Before making an investment decision, you should consider, with or without the assistance of a financial adviser, whether an investment is appropriate in light of your particular investment needs, objectives and financial circumstances. You should have consideration to the risks involved in investment in BML some of which are detailed in BML’s prospectus dated 26[th] October 2007 as lodged with the Australian Securities and Investment Commission and available from either Australian Securities Exchange Limited or BML on request.

This presentation is not to be disclosed to any other person or used for any other purpose and any other person who receives this presentation should not rely or act upon it. Information contained in this presentation is confidential information and the property of BML. It is made available strictly for the purposes referred to above. The presentation and any further confidential information made available to any recipient must be held in complete confidence and documents containing such information may not be reproduced, used or disclosed with the prior written consent of BML.

This presentation must not be disclosed, copied, published, reproduced or distributed in whole or in part at any time without the prior written consent of BML and by accepting the delivery or making to it of this presentation, the recipient agrees not to do so and to return any written copy of this presentation to BML at the request of BML.

COMPETENT PERSONS STATEMENT

Information in this presentation that relates to BML Exploration Results, geology, drilling and mineralisation is based on information compiled by Peter Temby, an employee of Anpet Exploration Pty Ltd, who is a Member of the Australian Institute of Geoscientists. Peter has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activities that 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. Peter Temby consents to the inclusion in this presentation of matters based on his information in the form and context in which it appears.

By accepting this presentation, the recipient represents and warrants that it is a person to whom this presentation may be delivered or distributed without a violation of the laws of any jurisdiction.

1

CORPORATE OVERVIEW

BOTSWANA METALS PROFILE

Botswana Metals Limited (ASX: BML) is an emerging base metals and precious metals exploration company focused on delivering resource growth across its suite of 100%-owned mineral projects in Botswana – the “Switzerland of Africa” Current Share Price A$0.02 Shares On Issue 188 million Unlisted Options 116 million Market Capitalisation A$4.13 million Cash at 30 December 2012 A$762,000 Debt NIL 52 week range A$0.015-$0.045

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$0.05 12 MONTH SHARE PRICE $0.04 $0.03 $0.02 $0.01 $0.00 14-Feb-12 14-May-12 14-Aug-12 14-Nov-12

BOARD AND MANAGEMENT

Mr Patrick Volpe, Chairman Mr Massimo Cellante, Non-Executive Director Dr Paul Woolrich, Non-Executive Director

2

INVESTMENT HIGHLIGHTS

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• Prime location - Botswana is a stable environment for foreign investment

• Strategy is to explore and develop an extensive tenement portfolio of ~2,000km² in the prolific Limpopo Belt

• Three discoveries - Airstrip Copper, Maibele North, Dibete within 55km of the Selebi Phikwe smelter

• Strategic alliance with BCL Ltd validates appeal and de-risks path to production

• Feasibility studies commenced in 2011 - JORC Resources established at Airstrip and Dibete

• BML has a very active near-term exploration program and assay results are forthcoming

3

BOTSWANA OVERVIEW

• Botswana – the “Switzerland of Africa”

• English language, legal and parliamentary system

• Stable since Independence in September 1966

• Ranked in the top 3 countries in Africa in legal system, taxation regime, socioeconomic agreements and quality of infrastructure

• Mining law system based on Australian models

• An ideal exploration environment with a pro mining culture and a supportive and efficient bureaucracy with no corruption

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4

STRATEGY

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• Establish a significant resource base proximal to existing mines

• Utilise existing infrastructure and strategic partnership for development

• Accelerate exploration across tenement portfolio, testing new targets

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5

THREE SIGNIFICANT DISCOVERIES

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• 2 new discoveries in 2010 – Airstrip & Dibete (Cu-Ag)

• 1 previous discovery – Maibele North (Ni-Cu)

• Recent VTEM Survey identified more than 50 anomalies

• BML’s drilling has confirmed the potential of the Limpopo Belt

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65.95m
65.70m
Intersection of Silver rich Bornite
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STRATEGIC PARTNERSHIP WITH BCL

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• BCL is a major Botswana mining and smelting company owned by the Botswana Government and one of the world’s largest nickel-copper producers, Norilsk Nickel

• The JV agreement relates to three of BML’s Prospecting Licences: Maibele North (Ni-Cu, PGE’s), Airstrip Copper (Cu-Ag) and Dibete (Cu-Ag)

• BCL has the option to fund the projects to the completion of a Bankable Feasibility Study to earn a 70% interest and will have off-take rights

• BML will retain a 30% interest after the BFS is completed

• The agreement is subject to BML being granted Retention Licences over the Prospecting Licences by the Mines and Minerals Department in Botswana

• The agreement covers approximately 143km² of Botswana Metals total exploration portfolio of 2000km². BCL will have first right of refusal to participate in any exploration activity over any of BML’s other Prospecting Licences

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MAJOR TENEMENT POSITION ~2,000km²

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DISCOVERIES & PROSPECTS IN VTEM SURVEY AREA
12620-a
12660a
Mashambe
12670-a
12100-a 12390-a12410-a 12510-a
11870-b 12190-a 12320-a 12570-a
12300-a
12170-a 11240-b11270-a 12330-a
Maibele Nth 12140-a 11240-a 12370-a
Airstrip
11420-a 11470-a 12000-a
20B 11880-a 12050-a 12130-a Jumbo
11870-a 11980-a
11950-a
11860-a
11115-a
11035-a 11090-a11110-a 11340-a 11800-a
11555-a Kudumane
11515-a
Sekgopye 11460-a
11415-a Mmatsiane
11365-a
10830-a
10780-a 10980-a
10470-a
Dibete
10090-a 10610-a 10940-a
10070-a
10840-a
Mmamanaka
•
Numerous new targets found by VTEM Survey are being followed up
91010
91025
91055
91035
91045
91040
91050
91030
91020
91060
1190111910 11930 11950 1197011990 12010 12030 12050 12070 12090 12110 1213012140 12160 12190 12210 12230 12250 12280 1230012320 1234 0 1236 0 1238 0 1240 0 1243 0 12450 12470 1249012510 1253012550125601257012590 12610 12630 12650 12670 12690 12710 12730 12750
118201184011860
11780
1043010450 10470 10490 10510 10590 10610 10630 10650 10670 10690 10710 10740 10760 10780 10800 10820 10840 1087010890 10910 10930 10950 10970 11000 11020 11040 11060 11080 11110 11130 11150 11170 11190 11211 11230 11250 11270 11290 1131011330 1135011361 11380 11400 114201143011450 1147011480 11500 11520 1154011560 11580 11610 11630 1165011670 1169011490117101172011510117401153011550 11570 1159011600 116201164011660 1168011700 11730 117501176011770 1179011810 1183011850 118701188011890 11920 11940 1196011980 1200012020 1204012060 12080 1210012120 12150 1217012180 12200 1222012240 1226012270 12290 12310 1233 0 1235 0 1237 0 1239 0 1241 0 1242 0 1244 012460 124801250012520 12540 1258012600 12620 1264012660 12680 12700 12720 12740 12760
1144011460
10020 11370 113901139511410
10010 10440 10460 10480 10500 10520 10600 10620 10640 10660 10680 10700 1072010730 10750 10770 10790 1081010830 108501086010880 1090010920 10940109601098010990 11010 110301105011070 1109011100 1112011140 1116011180 11200 112201124011260 11280113001132011340
1 1
1
1 1
1 1 1 1 1 1 1
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11800
10310 10330 10350 10370 10390 10410
10040 10060 10080 1010010120 10140 10170 10190 10210 102301025010270
10030 10050 10070 10090 10110 10130 1015010160 10180 10200 10220 10240 10260 10280 10320 10340 10360 10380 10400 10420
1091510935 109551097510995 11015 11035 11055 11075 11115 11135 11155 11175 11305 113251134511365113851140511425 1144511465 11485115051152511545 11565
11185
11125 11145
10925109451096510985 11005110251104511065 1108511105 11415 114351145511475 1149511515 11535 11555
1133511355 11375
11295
1053010550 10570 11165
10290
11315
10540 10560 10580
10300
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• Airstrip and Dibete for primary and supergene Cu-Ag

• • Maibele North for Ni-Cu-PGE primary mineralisation

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AIRSTRIP AND DIBETE

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CONDUCTOR TARGETS

Drilling highlights from C6 and C12 include:

C6 Conductor

• High grades of up to 22% Cu with 1023g/t Ag in narrow bornite veins (best 60% Cu and 2833 g/t Ag over narrow widths)

C12 Conductor

• 6m @ 2.7% Cu plus 172g/t Ag from 68m from ACDC067 (includes 1m @ 8.8% Cu plus 214g/t Ag from 70m

• High grade Cu-Ag mineralisation is close to surface amenable to open pit methods

• Upgrading of ROM ore maybe possible by heavy media techniques (e.g DMS) and this is currently being investigated

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AIRSTRIP COPPER

• Part of the IP Survey area (1x1.5km) at Airstrip Cu showing interpreted conductors in magenta

• Many conductors (total strike 1,900m in IP area) are barely drilled or not yet drilled, several vein systems discovered

• C6 has a strike length of about 200m and has mineralisation to 150m depth

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AIRSTRIP COPPER

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CONDUCTOR 6 (C6)

• Initial drilling intersected the Airstrip Cu-Ag discovery in holes 3, 6, 7, 10 and 11 drilled on conductor C6.

• 76 holes have been drilled to assess the various vein systems including C6 found in the wider Airstrip Copper Project area.

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AIRSTRIP COPPER IN SOILS
1.5 kilometres
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Soil samples with anomalous copper values (>40ppm) shown as blue diamonds. Coincident silver anomalies are associated with a number of the anomalous soil samples, particularly with the extensions of C2 and C7 and C11 to the southwest and the new anomaly in the NW of the soils grid.

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DIBETE HIGHLIGHTS

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SIGNIFICANT EXPLORATION POTENTIAL

• Supergene mineralisation present with thicknesses to 38 metres at grades of 1.72% Cu and 119 g/t Ag

• Primary Cu-Ag targets identified from recent VTEM survey indicate potential over 3.5km strike length

• Controls on mineralisation indicated from drilling suggest a broader area of potential is present

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DIBETE IP SURVEY

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• NE

• • Dipole – dipole IP surveys carried out over 1250 metres of strike at Dibete

• • Prospect open in both SW and NE directions

• • 3D modelling carried out to assist in target Line 6100E

• definition local grid SW

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DIBETE DRILLING HIGHLIGHTS

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• 8m @ 1.72% Cu and 119.5 g/t Ag from DBRC014 (includes 10m @ 2.33% Cu and 126.5 g/t Ag; includes 8m at 3.86% Cu and 364.1 g/t Ag; includes 3m at 9.16 % Cu and 894 g/t Ag

• 18m @ 1.99% Cu and 98.4 g/t Ag from DBRC013 (includes 10m @ 3.11% Cu and 163.0 g/t Ag)

• 18m @ 1.78% Cu and 28.9 g/t Ag from DBRD006 (includes 5m @ 4.19% Cu and 92.5 g/t Ag; includes 9m @ 2.75% and 54.7 g/t Ag)

• 17m @ 2.7% Cu 40.5g/t Ag from 16m in DBRC081 (includes 3m @ 6.7% Cu 44.5g/t Ag from 24m & 3m @4.7% Cu 106.9g/t Ag from 27m)

• 12m @ 1.8% Cu 42g/t Ag from 33m in DBRC094 (includes 4m @ 4.2% Cu 95g/t Ag from 37m)

• 11m @ 4.5% Cu 229.9g/t Ag from 33m in DBRC028 (includes 3m @ 8.16% Cu 469g/t Ag)

• 10m @ 3.9% Cu 110g/t Ag from 43m in DBRC108 (includes 4m @ 9.2% Cu 268g/t Ag from 43m)

• 9m @ 2.8% Cu 87.3g/t Ag from 33m in DBRC107

• 6m @ 2.3% Cu 117g/t Ag from 34m in DBRC097 (includes 2m@ 5.7% Cu 322.5g/t Ag from 34m)

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DIBETE INTERSECTIONS
6100E
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Modelled supergene oxide Cu-Ag in drill hole intersections shown in green, overlying supergene and primary sulphide mineralisation shown in purple

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DIBETE LONG SECTION

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Line 6100E long section of modelled supergene oxide (green) and supergene plus primary sulphide mineralisation (purple)

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MAIBELE NORTH

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The Maibele North host magnetic body is down faulted to the west by 150 metres and that part was not previously recognised or drilled. A further 600 metres of strike has been identified

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MAIBELE NORTH

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GEOSTATISTICS STUDY

• An Exploration Target was defined on the basis of the geostatistical study (Hilmac Pty Ltd)

• The Exploration Target is in the order of 1.1-1.7 million tonnes with a grade around 1% Ni at a cut off grade of 0.6% Ni, or alternately a target of 4-7 million tonnes with a grade around 0.6% Ni at a cut off grade of 0.3% Ni

• The potential quantity and grade at the Maibele North exploration targets are conceptual in nature, there has been insufficient exploration to define a Mineral Resource according to the JORC Code (2004) and it is uncertain if further exploration will result in the discovery of a Mineral Resource

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OTHER VTEM TARGETS

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PL 54/98 TAKANE HIGHLIGHTS

• PL contains major prospects with good base metal-Au anomalies and Ni anomalies

• VTEM survey identified the 4 major previous prospects and a further 23 anomalies which have no prior evaluation

• No prior drilling on any of these prospects, follow up planning now complete and work is in progress

• Major exploration focus in 2012 with potential new discoveries to confirm this belt as a major new province for BML and Botswana

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MAIBELE NORTH

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MAIBELE NORTH HIGHLIGHTS

• VTEM survey identified untested potential that was not optimally drilled in the past

• Current proposed drilling is focussed on defining resource to JORC compliant status

• Geostatistical study defined the scale of the Exploration Target and identified areas requiring additional drilling

• Extensions to the host to mineralisation identified

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PL 54/98 TAKANE
UNTESTED VTEM ANOMALIES
Makhantlele
Kudumane
Jumbo
Mmatsiane
Four of the VTEM anomalies were previously identified and have significant soil geochemical anomalies.
23 anomalies are new targets.
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HIGH VALUE EXPLORATION OPPORTUNITY
y g
12620-a
12660a
Mashambe
12670-a
12100-a 12390-a12410-a 12510-a
11870-b 12190-a 12320-a 12570-a
12300-a
Maibele Nth 12170-a 11240-b11270-a 12330-a
12140-a 11240-a 12370-a
Airstrip 11420-a 11470-a 12000-a
20B 11880-a 12050-a 12130-a Jumbo
11870-a 11980-a
11950-a
11860-a
11115-a
11035-a 11090-a11110-a 11340-a 11800-a
11555-a
11515-a
Sekgopye 11460-a Kudumane
11415-a Mmatsiane
11365-a
10830-a
10780-a 10980-a
10470-a
Dibete
10090-a 10610-a 10940-a
10070-a
10840-a Mmamanaka
91010
91025
91055
91035
91045
91040
91050
91030
91020
91060
1190111910 1193011950 119701199012010 12030 12050 12070 12090 121101213012140 12160 12190 1221012230 12250 12280 12300 12320 1234 0 1236 0 1238 0 1240 0 1243 012450 12470 1249012510 12530 125501256012570 12590 12610 12630 12650 12670 12690 12710 12730 12750
1182011840 11860
11780
1043010450 10470 10490 10510 10590 10610 10630 10650 10670 10690 10710 10740 10760 10780 10800 1082010840 1087010890 10910 1093010950 10970 11000 11020 1104011060 11080 11110 11130 11150 11170 11190 11211 1123011250 11270 11290 1131011330 1135011361 11380 11400 1142011430 11450 1147011480 11500 11520 1154011560 11580 1161011630 1165011670 11690114901171011720115101174011530 11550 115701159011600 116201164011660 11680 11700 11730117501176011770 1179011810 1183011850 118701188011890 11920 119401196011980 12000120201204012060 12080 1210012120 12150 121701218012200 1222012240 1226012270 12290 12310 1233 0 1235 0 1237 0 1239 0 1241 0 1242 0 1244 0 12460 1248012500 12520 12540 12580 12600 12620 12640 12660 1268012700 12720 12740 12760
1144011460
10020 11370 113901139511410
10010 10440 10460 10480 10500 10520 10600 10620 10640 10660 10680 10700 1072010730 10750 10770 10790 1081010830 108501086010880 10900 10920 1094010960 109801099011010 110301105011070 1109011100 1112011140 111601118011200 112201124011260 11280113001132011340
1 1
1
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1 1 1 1 11 1
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10040 10060 10080 1010010120 10140 10170 10190 10210 102301025010270
10030 10050 10070 10090 10110 10130 1015010160 10180 10200 10220 10240 10260 10280 10320 10340 10360 10380 10400 10420
11135 11155 11175
1091510935 109551097510995 11015 11035 1105511075 11305 113251134511365113851140511425 1144511465 11485115051152511545 11565
11185
11145
10925 10945 1096510985 11005110251104511065 1108511105 11415 114351145511475 1149511515 11535 11555
1133511355 11375
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10540 10560 10580
10300
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• Dibete, Airstrip and Maibele North are significant Cu-Ag and Ni projects

• Drilling and other exploration is ongoing with the aim of developing resources at these projects as well as other less developed prospects

• Additional potential exists in new targets found by the VTEM Survey

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NEW TARGETS GENERATED

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SAMPA CENTRAL – NI PGE CU AG

• Stream sediment anomalies with platinum discovered

• Soil geohemistry work underway

• IP to follow

• Potential drill targets are the focus

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MAIBELE NORTH EXTENSION

• Soil geochemical work has identified outcropping ultramafic bodies

• Outcropping ultramafic bodies have been mapped

• Soils identified anomalous Ni-Cu-PGE as is present at Maibele North

• Further soil and IP is planned to identify potential drill targets for 2013 work program

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INVESTMENT SUMMARY

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• Recent drilling at Airstrip and Dibete has shown significant potential

• Resource estimate currently being prepared, new targets tested

• Further potential in newly recognised VTEM conductors at Maibele North

• The geostatistics study showed up areas for further infill drilling

• Maibele North is only 50km from Selibi Phikwe Ni smelter

• All VTEM targets drilled so far have intersected sulphides. Results are pending

• Strategic partnership with BCL validates appeal and de-risks path to production

• Additional targets have been identified for potential drilling in 2013

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