WEEBIT NANO LTD — Investor Presentation 2011

Aug 30, 2011

Radar Iron Ltd (ASX:RAD)

==> picture [234 x 338] intentionally omitted <==

August 2011 Update

==> picture [780 x 89] intentionally omitted <==

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

Well established junior
----- End of picture text -----

Capital Structure	Free Trading	Escrow	Total
Fully Paid Ordinary Shares (RAD)	36,614,500	26,265,612	62,880,112
Options	21,376,704	22,000,000	43,376,704
Market Cap (based on trading price of $0.25) - $15M		Top 20% own 51%

==> picture [735 x 183] intentionally omitted <==

Management: Alan Tough – Non Exec Chairman Jonathan Lea – Managing Director Ananda Kathiravelu – Non Exec Director

==> picture [92 x 39] intentionally omitted <==

==> picture [780 x 89] intentionally omitted <==

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

Undervalued against peers
----- End of picture text -----

Magnetite Resource Companies - Enterprise Value per tonne of Resource

$1.60 $1.40 $1.20 $1.00 $0.80 $0.60 $0.40 $0.20 $-

==> picture [92 x 39] intentionally omitted <==

Note: Radar’s initial resource assumed at 500Mt

==> picture [780 x 89] intentionally omitted <==

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

Continued strong demand
----- End of picture text -----

Demand

• BRICs will contribute twice as much to global growth as Europe in the next decade

• Millions of people in the BRICs to enter middle class income bracket by 2020

• Urbanised population in developing countries to increase by >1B people in next 20 years

• Massive investment in transport, building, roads required

• Growth to date patchy – many regions/provinces are only just starting

• GDP in China to remain at ~7% in next 5 years and grow substantially to 2030

Supply

• New production restricted by capital, resources and regulation

• Sea borne trade only grew 45% of the aspirational target in 2008-2010

• Delays in new development particularly in the third world (eg Africa)

• Average grades of DSO ores falling as high grade deposits exhausted

• Increasing demand for quality by steel mills as mine quality falls (as new blast furnaces require higher grades)

==> picture [92 x 39] intentionally omitted <==

==> picture [780 x 89] intentionally omitted <==

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

Positive outlook for iron ore
----- End of picture text -----

• Continued tightness in iron ore market in short and medium term

• World Steel Association forecasting 5.9% rise in global crude steel demand in 2011 and 6% in 2012

• Supply demand equilibrium not until late in decade

• Greater demand for high grade magnetite ore

==> picture [356 x 215] intentionally omitted <==

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

200
180
160
140
120
100
80
60
40
20
0
5 Year I ron Price Ore Price
USc/dry metric ton
Jul-06 Sep-06 Nov-06 Jan-07 Mar-07 May-07 Jul-07 Sep-07 Nov-07 Jan-08 Mar-08 May-08 Jul-08 Sep-08 Nov-08 Jan-09 Mar-09 May-09 Jul-09 Sep-09 Nov-09 Jan-10 Mar-10 May-10 Jul-10 Sep-10 Nov-10 Jan-11 Mar-11 May-11
----- End of picture text -----

==> picture [92 x 39] intentionally omitted <==

==> picture [780 x 89] intentionally omitted <==

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

Radar – Project Summary
----- End of picture text -----

• Assets located in developing Yilgarn Iron Ore Province (YIOP)

• Hematite & magnetite mineralisation potential

• Enhanced potential for rapid project development with existing open access infrastructure

• Hematite being mined by others

• Large magnetite deposits defined in district and being considered for development

==> picture [440 x 452] intentionally omitted <==

==> picture [780 x 89] intentionally omitted <==

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

Corporate Strategy
----- End of picture text -----

• Rapid exploration and resource definition of iron ore resources

• Develop profitable mining operations – both hematite and magnetite

• New project acquisition if potential to significantly add to shareholder value

• Initial resource estimates in 2011

==> picture [230 x 307] intentionally omitted <==

==> picture [92 x 39] intentionally omitted <==

==> picture [780 x 89] intentionally omitted <==

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

Infrastructure – Real Solutions
----- End of picture text -----

• Open access rail line 90-130km to the south. Rail capacity upgradable to suit potential developments

• New developments nearby likely to create alternate haul road options to rail

• Two potential ports

o Esperance – deep water berth, Cliffs currently exporting 8mtpa iron ore, expansion to 20Mtpa planned

o Kwinana – iron ore export scheduled to commence in 2011 (5-6Mtpa) with new berth of 15-20Mtpa being planned

==> picture [298 x 256] intentionally omitted <==

==> picture [92 x 39] intentionally omitted <==

==> picture [780 x 89] intentionally omitted <==

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

Massive Exploration Potential
----- End of picture text -----

==> picture [386 x 454] intentionally omitted <==

• 1,200 km[2] of tenements

• 120km BIF

• Largely unexplored for iron ore

• Exploration to date highly

encouraging for both hematite and magnetite

==> picture [780 x 89] intentionally omitted <==

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

Die Hardy Range – Magnetite
----- End of picture text -----

==> picture [322 x 336] intentionally omitted <==

• Magnetite resource drilling in progress

• Resource statement planned for November

• Further untested potential

==> picture [462 x 293] intentionally omitted <==

• A high grade massive body with good metallurgical properties

==> picture [780 x 89] intentionally omitted <==

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

Die Hardy Range
----- End of picture text -----

• Magnetite ~100-300m wide, >3km long and at least 350m in depth

• Exploration potential: 700-1,200 Mt at 29-33% Fe*

==> picture [430 x 345] intentionally omitted <==

• 2km strike being tested in current programme

• Assays grades around 30%Fe

• • Excellent metallurgical properties

• The potential quantity and grade of iron deposits reported as exploration potential is conceptual in nature and there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource.

Magnetite Drilling Results – Johnston Range

Hole No.	From	To	Length	Fe %	SiO2 %	Al2O3 %	P %	LOI1000
RIRC043 RIRC044 RIRC045 RIRC045 RIRC046 RIRC046 RIRC047 RIRC047 RIRC048 RIRC048 RIRC049 RIRC049 RIRC050 RIRC051 RIRC052 RIRC052 RIRC053 RIRC054 RIRC054 RIRC055 including RIRC056 RIRC056	84 60 66 240 112 178 44 226 300 350 190 272 66 74 122 260 42 46 132 126 126 204 322 376	112 220 228 365 164 372 210 298 322 362 254 342 110 144 240 338 98 120 196 366 180 292 362 384	28 160 162 125 52 194 166 72 22 12 64 70 44 70 118 78 56 74 64 240 56 88 40 8	30.8 29.8 30.4 28.6 34.6 34.2 27.0 22.8 25.0 28.7 31.0 31.3 25.8 27.8 29.2 29.5 24.5 27.9 27.0 25.0 28.5 27.8 28.1 30.6	50.2 50.8 48.6 51.8 46.0 45.8 48.9 52.4 51.3 50.8 47.6 48.6 52.1 50.5 50.3 50.9 51.3 52.4 51.8 50.7 49.1 48.6 48.8 46.1	1.53 1.43 2.50 1.81 1.37 1.76 4.70 6.14 2.86 2.14 2.54 1.80 2.02 2.65 1.75 2.20 4.12 2.72 2.50 5.85 4.30 4.80 3.01 0.51	0.08 0.08 0.08 0.07 0.06 0.07 0.09 0.11 0.05 0.05 0.07 0.07 0.07 0.08 0.07 0.08 0.09 0.10 0.09 0.09 0.08 0.08 0.07 0.09	-0.5 -0.5 -0.1 -0.3 -1.0 -1.0 -0.4 -0.2 3.2 -0.4 -0.7 -0.6 0.4 1.0 0.3 -0.6 -0.1 -0.6 -0.4 -0.4 -0.6 -0.6 2.0 1.5

==> picture [92 x 39] intentionally omitted <==

==> picture [780 x 89] intentionally omitted <==

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

Die Hardy – Metallurgical Results
----- End of picture text -----

Hole No.	From	To	Fe %	**SiO2 **	Mass Recovery
RIRC043	86	112	70.2	3.5	36.5
RIRC044 RIRC044	60 176	168 220	68.6 70.4	4.8 3.2	37.2 36.8
RIRC045 RIRC045 RIRC045 RIRC045	70 124 254 280	102 224 274 365	69.6 69.1 69.0 69.1	3.7 4.9 4.7 4.4	38.2 41.2 41.0 40.2
RIRC046 RIRC046	112 188	164 372	70.0 69.7	2.8 3.9	45.1 41.9
Average			69.4	4.1	40.3

• DTR results (166 samples) highly encouraging:

• Mass recovery 40.3%

• Fe grade: 69.4%

• Silica 4.1%

• DTR test procedure based on test work – 50 micron grind

==> picture [92 x 39] intentionally omitted <==

==> picture [780 x 89] intentionally omitted <==

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

Die Hardy Range – Scoping Study
----- End of picture text -----

==> picture [325 x 434] intentionally omitted <==

• Completed August 2011

• Project Viable

• Realistic transport, power and water infrastructure available

• For 2mtpa option

• Capital $530M

• NPV $282M

• IRR 23%

• 3-4 years to production

• For 10mtpa

• Capital $2,335M

• NPV $3,538M

• IRR 41%

==> picture [92 x 39] intentionally omitted <==

• 4-5 years to production

==> picture [780 x 89] intentionally omitted <==

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

Die Hardy Range – Future Work
----- End of picture text -----

==> picture [288 x 432] intentionally omitted <==

• Drilling Completed in September

• • Resource estimate ~October/November 2011

• Further drilling (RC and diamond) to increase resource size, upgrade JORC category and provide diamond core for metallurgical test work

• • Feasibility studies/project development commencing 4[th ] quarter 2011

==> picture [92 x 39] intentionally omitted <==

==> picture [780 x 89] intentionally omitted <==

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

Johnston Range
----- End of picture text -----

• Significant hematite and magnetite potential

• 40 linear km of banded iron formation

• Potential for numerous 2-5Mt hematite deposits

==> picture [459 x 318] intentionally omitted <==

==> picture [92 x 39] intentionally omitted <==

==> picture [780 x 89] intentionally omitted <==

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

Johnston Range Progress
----- End of picture text -----

• 40 RC drill holes completed for 4,924m aimed largely at defining magnetite targets along the +40km BIF strike length

• Exploration potential hematite: 10Mt – 20Mt at 56-62% Fe*

• 20 hematite targets defined by surface mapping and geophysics

• Testing planned for coming months

• Exploration potential magnetite: 4.0Bt - 6.7Bt at 20-45% Fe*

• Significant magnetite mineralisation intersected by drilling

• Metallurgical assessment in progress

• Further drilling to be targeted based on metallurgical results

• The potential quantity and grade of iron deposits reported as exploration potential is conceptual in nature and there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource.

==> picture [92 x 39] intentionally omitted <==

==> picture [780 x 89] intentionally omitted <==

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

Why Radar?
----- End of picture text -----

• Significant exploration potential for both hematite and magnetite

• Experienced and dynamic management

• Tight share registry

• Initial JORC resources planned for 2011

• Active exploration ongoing – steady news flow

• Real infrastructure solutions available

• Initial resources should incur increased investor interest

• Few iron ore juniors with similar potential

==> picture [92 x 39] intentionally omitted <==

==> picture [780 x 89] intentionally omitted <==

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

Disclaimer
----- End of picture text -----

This Presentation is issued by Radar Iron Ltd (“Radar” or “the Company”). The information contained herein is confidential and proprietary to the Company and is provided to recipients on the terms and conditions set out in this disclaimer. The document, in whole or in part, is not to be distributed, copied or reproduced, in any form, without the prior written consent of the Directors of the Company.

The document does not purport to cover all relevant information about the Company or its business. It does not intend to be a complete or accurate statement of material information.

Although the Company has used care and diligence in its preparation, this Presentation is provided on the basis that no representation or warranty, expressed or implied, is made by the Company or any of its associates or advisers as to the accuracy or completeness of the information.

None of the information contained in this Presentation or any other written or oral communication transmitted or made available to the recipient or any of its associates or advisers is, or shall be relied upon as, a promise or representation, whether as to the past or future, and no liability will attach to such information to the Company, its associates or advisers.

The Company and its directors, employees, agents and consultants shall have no liability including to any person by reason of negligence or negligent misstatement for statements, opinions, information or matters (express or implied) arising out of contained in or derived from or for any omissions from this Presentation, except where liability under statute cannot be excluded.

The information in this presentation that relates to iron ore exploration results, mineral resources or ore reserves is based on information prepared by Mr Jonathan Lea, who is an employee of the Company and a member of the Australasian Institute of Mining and Metallurgy. Mr Lea 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 Lea consents to the inclusion in this ASX Release of the matters based on his information in the form and context in which it appears in the Presentation.

The potential quantity and grade of iron deposits reported as exploration potential is conceptual in nature and there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource.

==> picture [92 x 39] intentionally omitted <==

August 2011

www.radariron.com.au