WEEBIT NANO LTD — Investor Presentation 2011

Jul 10, 2011

Radar Iron Ltd

Update July 2011

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Corporate Information
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Capital Structure	Free Trading	Escrow	Total
Fully Paid Ordinary Shares (RAD)	36,614,500	26,265,612	62,880,112
Options	17,364,773	22,000,000	39,364,773
Market Cap (based on trading price: ($0.24) - $15M		Top 20% own 51%

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Management:

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

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Project Summary
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• Assets located in

developing Yilgarn Iron Ore Province (YIOP)

• Proven hematite & magnetite province – large resource position with existing and further proposed production • Enhanced potential for rapid project development with new projects planned for region potentially providing infrastructure

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Development Strategy
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• 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

• Hematite/magnetite resources in 2011

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Project Location
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• Large hematite endowment

• currently 8Mtpa exported

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

• • Existing and proposed upgraded infrastructure (rail and port) solutions

• Largest holder in district

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Infrastructure – Real Solutions
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• 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

• 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 of15-20Mtpa being planned

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Exploration Overview
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• 1,200 km[2] of tenements

• 120km BIF

• Largely unexplored for iron ore

• Exploration to date highly encouraging for both hematite and magnetite

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Hematite iron enrichment at Dang

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Exploration Project Areas
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• –

• Johnston Range main initial focus for hematite

• Individual hematite enriched zones likely to be in the 2- 5 Mt range

• Initial drilling indicates substantial magnetite at Die Hardy Range/Johnston Range

• Die maiden resource Hardy Range

• in 2011

• Other projects area undergoing first assessment and pass

• geophysical review

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Johnston Range

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

• 15 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

• 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.

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Recent Drilling Results
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Hole No.	From	To	Interval	Fe %	SiO2%	Al2O3%	P%	LOI %
RIRC0032	0	52	52	36.1	36.3	4.09	0.05	4.2
RIRC0033	56	94	38	33.6	46.3	0.96	0.06	2.5
RIRC0034	82	134	52	35.2	44.9	0.62	0.07	-1.1
RIRC0034	206	270	64	34.7	45.1	0.95	0.07	-1.1
RIRC0035	60	98	38	34.0	45.5	1.39	0.07	-0.9
RIRC0035	166	206	40	33.2	47.1	1.38	0.08	-0.8
RIRC0036	14	58	44	39.5	35.8	2.55	0.06	3.5
RIRC0037	0	102	102	32.5	44.8	2.84	0.04	3.4
RIRC0038	0	46	46	35.7	37.2	4.45	0.05	6.1
RIRC0038	66	188	122	32.4	44.2	2.53	0.06	2.2
RIRC0039	66	194	128	33.4	44.1	1.96	0.06	0.0
RIRC0040	18	178	160	33.3	43.8	1.70	0.05	1.4
RIRC0041	146	182	36	30.4	46.3	2.54	0.06	-0.4
RIRC0041	208	230	22	32.7	43.4	2.36	0.06	-0.6
RIRC0041	246	262	16	32.5	44.1	2.30	0.06	-0.3
RIRC0042	20	50	30	41.3	21.2	8.43	0.08	9.7

Magnetite Drilling Results – Johnston Range

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Die Hardy Range – Magnetite

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Die Hardy Range – Drilling

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Die Hardy Range - Section
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• Die Hardy – recent drilling

• Magnetite ~250m wide

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

• Continuous beyond 350m below surface

• 2km strike being tested in current programme

• Assays grades around 30%Fe

• 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.

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Drilling Results
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Hole No.	From	To	Interval	Fe %	SiO2%	Al2O3%	P%	LOI %
RIRC0043	84	112	28	30.8	50.2	1.53	0.08	-0.5
RIRC0044	60	220	160	29.8	50.8	1.43	0.08	-0.5
RIRC0045	66	228	162	30.4	48.6	2.50	0.08	-0.1
RIRC0045	240	365	125	28.6	51.8	1.81	0.07	-0.3
RIRC0046	112	164	52	34.6	46.0	1.37	0.06	-1.0
RIRC0046	178	372	194	34.2	45.8	1.76	0.07	-1.0

• DTR results (25 samples from RIRC045) highly encouraging:

• Mass recovery 41.2%

• Fe grade: 69.1%

• Silica 4.9%

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

Davis Tube Recovery (DTR) test work is aimed at defining the potential concentration characteristics of magnetite mineralisation using magnetite separation.

Typically DTR concentrates, to be indicative of being potentially economic ore, require the following characteristics:

an iron grade greater than 66% Fe

a silica (quartz) content less than 5%

a mass recovery greater than 30% (percentage of sample recovered as magnetite)

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Die Hardy Range – Future Work
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• Remaining holes to be drilled July – August

• Resource estimate ~October/November 2011

• Scoping study 4[th] quarter – to establish

• Project viability

• Required resource size

• Preferred infrastructure route

• Power and water solutions

• Further and to increase resource drilling (RC diamond) size, upgrade

• JORC category and provide diamond core for metallurgical test work

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Iron Rights Acquisition 2011
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• ~900 km[2] of iron ore rights

• 80 km strike length of BIF

• Radar largest landholder in district

• Both hematite and magnetite potential

• Limited previous iron ore exploration

• Exploration to commence immediately

• Heli-mag survey commissioned

• Hematite targets identified

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Why Radar?
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• 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

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Disclaimer
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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.

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July 2011

www.radariron.com.au