WEEBIT NANO LTD — Investor Presentation 2011

Mar 20, 2011

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21 March 2011

Centralised Company Announcements Platform, Australian Stock Exchange 10th Floor, 20 Bond Street Sydney NSW 2000

INVESTOR PRESENTATION & CORPORATE FLYER – MARCH 2011

Radar Iron Ltd (“Radar Iron” or the “Company”) is pleased to provide investors with the following presentation on the Company’s progression over the past few months.

Representatives of the Company will be attending the Mines & Money Conference in Hong Kong this week. The Company has prepared a Corporate Flyer for interested parties attending the conference. A copy of the Flyer is attached to the end of the presentation.

For or on behalf of Radar Iron Ltd

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Jonathan Lea Managing Director

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Radar Iron Ltd Briefing March 2011

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Contents
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• IPO

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• Strategy

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• Projects

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• Summary

Hematite iron enrichment at Dang

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IPO Outcomes
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• Radar listed on ASX in December 2010

• $6.8M raised with 495 new shareholders

• Initial seed capital raised $475,000 used to fund the costs of the IPO and initial exploration activities

• Radar Iron completed the acquisition of 100% of the issued capital of Radar Resources Pty Ltd from Transit Holdings Ltd

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Capital Structure
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Ordinary Shares

	h di l
	Sares Free Trang Escrow Tota
	Fully Paid Ordinary Shares 36,614,500 25,265,612 61,880,112
	Options Options Ex Price Expiry Free Trading Escrow Total Unlisted $0.25 30 Nov 13 375,000 20,000,000 20,375,000
	Options Ex Price Expiry Free Trading Escrow Total
	Unlisted $0.25 30 Nov 13 375,000 20,000,000 20,375,000
	Unlisted $0.30 31 May 14 375,000 2,000,000 2,375,000
	Total 750,000 22,000,000 22,750,000

Market Cap (based on trading price: $0.35)

	Shares
	Current $22 million
	Fully Diluted $29 million

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Project Summary
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• Assets located in d l i Yil I eve op ng garn ron

• Ore Province (YIOP)

• Proven haematite & magnetite province – large resource position w ith ex s i ti ng an d f ur th er proposed production

• Enhance potential for rapid project development with new projects planned f or reg on potent a i i ll y providing infrastructure

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Development Strategy
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• R ap id exp ora l ti on an d resource d e fi n iti on o f iron ore resources

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• Develop profitable mining operations • New project acquisition if potential to si nificantl add to shareholder value g y

• Hematite/magnetite resources in 2011

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Project Location
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• Large magnetite deposits d e fi ne d i n di s r c t i t an d b e ng i considered for development • Existin and ro osed g p p upgraded infrastructure (rail and port) solutions

• 120km BIF

• Lar est holder in district g

• • Johnston Range – key focus

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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

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• Two potential ports

o Esperance – deep water berth , currently exporting 8mtpa iron ore, expansion to 20Mtpa planned o Kwinana – iron ore ex ort scheduled to commence p in 2011 (5-6Mtpa) with new berth of15-20Mtpa being planned for 2013

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� 8
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Exploration 2010/11
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• Geophysical data review and field reconnaissance established targets and potential for hematite and magnetite.

• Drilling campaigns confirmed significant magnetite potential and intercepted encouraging hematite mineralisation.

• N umerous zones o f h ema tit e sur f ace enr c i h men t i d r ill t es ti requ re ng

• • Magnetite grades and separation properties in line with district norms

• Further drilling planned for 2011 aimed at establishing initial JORC resources for hematite and magnetite.

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Exploration Project Areas
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• –

• Johnston Range main initial focus f or h ema tit e an d magne tit e

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• Individual hematite enriched zones - lik l t o b e i n th e 1 5 Mt e y range • Initial drilling indicates substantial magnetite at Die Hardy/Johnston Range

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• Other projects area undergoing first assessment and

• pass geophysical review

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Magnetite Potential
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• Johnston Range

• –

• Independent consultants reviewed existing aero-magnetic data results for magnetite exploration potential:

Magnetite BIF : 4.0Bt - 6.7Bt at 20-45% Fe

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• Die Hardy – Lara Prospect exploration potential • - - M agne tit e BIF : 0 . 5Bt 0 . 7Bt a t 25 32% F e

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• Re ional – Not et assessed g y

• Magnetite BIF: ?

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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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2010/11 Drilling to date
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Die Hardy Project Johnston Range Project

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Selected Drilling Results
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					Hematite intercepts ‐ Average Weighted Grades
		Drill Hole
	Prospect	Number	From	To	Length	% Fe	% SiO 2	% Al O 2 3	% P	%S	LOI
	Dang	RIRC013	4	10	6	56.0	11.2	3.09	0.05	0.04	5.90
	Rowling	RIRC021	0	30	30	53.1	10.7	4.23	0.05	0.06	9.00
	Rowling	RIRC023	2	18	16	55.7	8.5	2.34	0.06	0.06	8.80
	Rowling	RIRC024	16	26	10	56.0	6.3	3.53	0.06	0.01	9.14

			Hematite intercepts ‐ Average Weighted Grades F T Lth % F % SiO % AlO % P %S LOI	Hematite intercepts ‐ Average Weighted Grades F T Lth % F % SiO % AlO % P %S LOI	Hematite intercepts ‐ Average Weighted Grades F T Lth % F % SiO % AlO % P %S LOI	Hematite intercepts ‐ Average Weighted Grades F T Lth % F % SiO % AlO % P %S LOI	Hematite intercepts ‐ Average Weighted Grades F T Lth % F % SiO % AlO % P %S LOI	Hematite intercepts ‐ Average Weighted Grades F T Lth % F % SiO % AlO % P %S LOI	Hematite intercepts ‐ Average Weighted Grades F T Lth % F % SiO % AlO % P %S LOI	Hematite intercepts ‐ Average Weighted Grades F T Lth % F % SiO % AlO % P %S LOI	Hematite intercepts ‐ Average Weighted Grades F T Lth % F % SiO % AlO % P %S LOI	Hematite intercepts ‐ Average Weighted Grades F T Lth % F % SiO % AlO % P %S LOI	Hematite intercepts ‐ Average Weighted Grades F T Lth % F % SiO % AlO % P %S LOI	Hematite intercepts ‐ Average Weighted Grades F T Lth % F % SiO % AlO % P %S LOI	Hematite intercepts ‐ Average Weighted Grades F T Lth % F % SiO % AlO % P %S LOI	Hematite intercepts ‐ Average Weighted Grades F T Lth % F % SiO % AlO % P %S LOI
	Pt	Drill Hole Nb	Hematite intercepts ‐ Average Weighted Grades
			F	T	Lth	% F	% SiO	% AlO	% P		%S		LOI
	rospec	umer	rom	o	eng	e	2	2 3
	Dang	RIRC013	4	10	6	56.0	11.2	3.09	0.05		0.04		5.90
	Rowling	RIRC021	0	30	30	53.1	10.7	4.23	0.05		0.06		9.00
	Rowling	RIRC023	2	18	16	55.7	8.5	2.34	0.06		0.06		8.80
	Rowling	RIRC024	16	26	10	56.0	6.3	3.53	0.06		0.01		9.14
			Magnetite Intercepts ‐ Average Weighted Grades F T Lth % F % SiO % AlO % P %S LOI
	Pt	Drill Hole Nb	Magnetite Intercepts ‐ Average Weighted Grades
			F	T	Lth	% F	% SiO	% AlO		% P		%S		LOI
	rospec	umer	rom	o	eng	e	2	2 3
	Lara	RIRC001	20	120	100	25.6	56.0	0.83		0.06		0.05		1.51
	Lara	RIRC002	12	166	154	28.9	48.3	4.35		0.08		0.07		1.72
	Beven	RIRC004	20	72	52	27.5	45.9	3.57		0.04		0.08		2.35
	Beven	RIRC005	20	76	56	21.9	48.2	6.76		0.05		0.12		1.67
	Dang	RIRC014	74	120	46	33.4	45.9	1.20		0.06		0.11		1.74
	Muldoon	RIRC018	66	106	40	34.9	45.6	0.85		0.07		0.08		0.17
	Muldoon	RIRC019	64	106	42	35.2	46.1	0.52		0.07		0.04		‐0.57
	Rowling	RIRC021	48	118	70	33.0	46.8	2.02		0.05		0.06		1.21
	Rowlin	RIRC022	40	138	98	336	460	145		005		002		111
	g					.	.	.		.		.		.
	Dang	RIRC031	66	150	84	33.9	46.0	0.59		0.06		0.06		2.01

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Drilling Results – DTR
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	Prospect Drill Hole Number From To Mass Recovery Fe % SiO2% Al2O3% P % S %	Prospect Drill Hole Number From To Mass Recovery Fe % SiO2% Al2O3% P % S %	Prospect Drill Hole Number From To Mass Recovery Fe % SiO2% Al2O3% P % S %	Prospect Drill Hole Number From To Mass Recovery Fe % SiO2% Al2O3% P % S %	Prospect Drill Hole Number From To Mass Recovery Fe % SiO2% Al2O3% P % S %	Prospect Drill Hole Number From To Mass Recovery Fe % SiO2% Al2O3% P % S %	Prospect Drill Hole Number From To Mass Recovery Fe % SiO2% Al2O3% P % S %	Prospect Drill Hole Number From To Mass Recovery Fe % SiO2% Al2O3% P % S %	Prospect Drill Hole Number From To Mass Recovery Fe % SiO2% Al2O3% P % S %	Prospect Drill Hole Number From To Mass Recovery Fe % SiO2% Al2O3% P % S %	Prospect Drill Hole Number From To Mass Recovery Fe % SiO2% Al2O3% P % S %
	Prospect	Drill Hole Number	From	To	Mass Recovery	Fe %	SiO2%	Al2O3%	P %	S %
	Lara Lara Lara	RIRC001 RIRC002 RIRC002	108 104 156	120 116 166	35.6 43.1 48.1 42.2	63.5 70.3 70.0 67.9	11.6 2.9 4.3 6.2	0.16 0.06 0.03 0.08	0.02 0.00 0.01 0.01	0.01 0.01 0.01 0.01
	B even Beven Beven	RIRC003 RIRC004 RIRC005	120 56 52	132 68 64	38 3 . 38.5 38.1 38.3	71 1 . 70.9 67.4 69.8	2 2 . 2.7 5.9 3.6	0 07 . 0.09 0.10 0.09	0 02 . 0.01 0.02 0.02	0 01 . 0.02 0.03 0.02

Note – DTR res u lts from Febr u ar y 2011 drill campaign y et to be recei v ed

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

• T yp ca i ll y DTR concen ra es, t t t o b e i n di ca ti ve o f b e ng i po en t ti a ll y econom c i ore, requ re i th e f o ll ow ng i characteristics:

• an iron grade greater than 66% Fe

• a silica (q uartz ) content less than 5%

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

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SXG Acquisition – Feb 2011
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• ~900 km[2] of iron ore rights

• 80 km strike length of BIF

• R ada r l a r ges t l a n d h o l de r in d i s tri c t

• • Both hematite and magnetite otential

• p

• limited iron ore

• Only previous ex loration p

• Exploration to commence immediately

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Summary
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• Radar listed and drilling immediately

• Radar magnetite exploration potential very significant

• Indications that magnetite concentrates will be saleable

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• Early hematite testing encouraging and to continue in 2011

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• Recent mapping has indicated new hematite drill targets

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• Hematite/magnetite potential significantly enhanced by SXG acquisition

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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 Com p an y .

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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March 2011

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www.radariron.com.au

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KEY FACTS

• Western Australian iron ore explorer

• Central Yilgarn focus

• 1200 km[2] iron rights - largest holder in district

• Realistic infrastructure options

• Significant hematite and magnetite potential

• >120 km banded iron formation

• Actively exploring

Radar’s tenements are prospective for both hematite and magnetite mineralisation and only limited past exploration has been completed. Drilling commenced in November 2010 aimed at rapidly testing identified targets.

The acquisition of 800km[2] of new iron rights in February 2011 has significantly increased Radar’s footprint in the Yilgarn.

The Central Yilgarn region has a direct shipping iron ore inventory of greater than 300Mt and magnetite mineralisation identified in excess of 8Bt. Eight Mtpa of hematite ore is currently mined and shipped in the district with several new mines planned for 2011.

The Yilgarn Iron Ore Province is rapidly being recognised as having distinct infrastructure advantages over the Mid West and Pilbara regions. Existing ports at Esperance and Fremantle connected via the public access railway line provide a potential infrastructure pathway.

Radar floated December 2010. ASX Code: RAD $6.8M raised 61.9M Shares on Issue 22.8M Options Market Cap $22M (at 35 cents/share)

CONTACT

Jonathan Lea – Managing Director Phil Wingate – Company Secretary

Phone: (08) 9482 0580 Fax: (08) 9482 0505 Email: info@radariron.com.au

www.radariron.com.au