WEEBIT NANO LTD — Investor Presentation 2012

Sep 12, 2012

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Radar ron I :
Ltd (ASX RAD)
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September 2012 Update

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Corporate Strategy
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Rapid exploration and resource definition for iron ore

• Identify, define and develop iron ore resources in the Central Yilgarn district of Western Australia

Focus on hematite resource definition in 2012 / 13

• Maiden JORC reportable Inferred mineral Resource of 2.1 Mt at 57.6%

• Excellent potential for increasing hematite resource inventory in 2012

• Continue to focus on detailed drill testing of hematite tar g ets at Johnston Ran g e

• Prioritise future drill targets at other projects

Develop profitable mining operations – both hematite and magnetite

• Feasibility studies commencing in 2012

• Initiating discussions with strategic investors in Asia (Chi na, n I di a , prov ng-up ema ) i h tit e exp ora l ti on target and maiden JORC seen as triggers to further interest

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Well established junior
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Capital Structure Free Trading Escrow Total Fu ll y Pai d O r d inary Sh ares R ( A D ) 5 8 , 449 , 4 5 8 22 , 8 15, 6 1 2 8 1, 26 5, 0 7 0 Unlisted Options 1,050,000 22,000,000 23,050,000 Market Cap (based on trading price of $0.18) - $14M Top 20% own 67% Management: Alan Tough – Non Exec Chairman $3.9M Cash at June 30 J onat h an ea – L M anag ng i Di rector Ananda Kathiravelu – Non Exec Director

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Corporate Background
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• Radar spun out of Potash Minerals (POK) in December 2010

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HOLDER NAME PERCENTAGE
• Major Shareholders: 1 POTASH MINERALS LTD 27.9%
2 SHINEWARM RESOURCES (HK) 12.3%
3 BT PORTFOLIO SERVICES LIMITED 6.8%
Top 20% own 67%
4 BT PORTFOLIO SERVICES LIMITED 5.4%
5 JONCA INVESTMENTS PTY LTD 3.1%
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• Two placements since listing at 30 and 33 cents

• 10M Shares placed to Shinewarm Shinewarm Resources (HK) Group Limited (Shinewarm) is the Hong Kong based investment vehicle the privately owned Xiamen Meize Xinyuan Trading Co. Ltd which has been trading iron ore, coal and base metals to industrial partners located throughout China.

The company has long term commodity supply commitment contracts , through joint venture agreements, with their partners and currently import coal from Australia, Indonesia, Vietnam, Philippines, United States, Colombia and Russia. �4

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Central Yil arn District
g
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• Assets located in developing Yilgarn Iron Ore Province (YIOP) • Hematite being mined by others (Cliffs and Mineral Resources) • Substantial hematite & magnetite potential • Enhanced otential for ra id p p project development with existing open access infrastructure • Large magnetite deposits defined in district and being considered f d l t or eve opmen �5

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Massive Exploration Potential
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• 2

• 1 200 k m o f t enemen s t ,

• 120km BIF

• Largely unexplored for iron ore

• Only 25% of tenements drilled

tested so far

• Johnston Range hematite focus in 2012 but significant magnetite

potential throughout

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Muldoon Prospect
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Muldoon
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• Drilling has defined two zones of hematite mineralisation up to 1 km long

• Inferred JORC Resource - 2.1Mt at 57.6% Fe

• Potential extensions along strike

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• Best results include:

32m @ 60.4% Fe 54 m @ 59 . 1% F e 38m @ 59.2% Fe 42m @ 56.9% Fe

• New zones of mineralisation located nearby

• Full results and details shown in Radar ASX release titled “Hematite Drilling Results” released on April 4, 2012 and June Quarterly Report, released July 21 2012

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Johnston Range Hematite Potential
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• Many hematite targets identified over Johnston Range through detailed mapping

• Latest drilling has shown the mineralisation continues under cover

• Prioritisin tar ets in ro ress usin g g p g g

• detailed mapping and ground geophysics

• Further drilling planned throughout 2012 aimed at increasing hematite resources

• • 8 -10Mt at 55–60% Fe targeted by year end

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The p otential q uantit y and g rade of iron de p osits 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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Hematite Development
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• Excellent potential for increasing hematite resource inventory in 2012 - Drilling .

• continuing throughout year with next campaign in June

• The mineralisation at Muldoon is at or near surface and extraction through shallow open pit mining may be possible. A relatively low cost mining and crushing operation is envisaged, possibly where a period of campaign mining is followed by crushing to minimise the need for extensive site infrastructure.

• Road transport to the public access rail, 130km to the south, with export through the Port of Esperance remains the most likely path for transport.

• L ow expecte d capital cost

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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Die Hardy Range – Magnetite
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• Ma netite Resource 353Mt at 26.1% Fe g

• Indicated Resource of 215Mt at 26.7% Fe

• • Inferred Resource of 138Mt at 25.2% Fe

• • P otent a i l f or su b stant a i l i ncrease

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• A high grade massive body with good metallurgical properties

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

• Exploration potential: 0.83 Bt – 1.38 Bt at 25-35% Fe *

• 2km strike drilled to date

• Excellent metallurgical properties

  • 69% concentrate

  • 50 micron grind

  • 35% mass recovery

• PFS to commence in 2012

• 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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Infrastructure – Real Solutions
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• O en access rail line 90-130km to the south. Rail ca acit u radable to p p y pg

• suit potential developments

• New develo ments nearb likel to p y y

• create alternate haul road options to rail

• Potential ports

o Es erance – dee water berth p p , Cliffs currently exporting 10mtpa iron WA Government commits ore, t o i t o t o 30 t expans on up m pa capacity

– o Kwinana 4 Mtpa iron currently exported, expansion being considered

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Project Funding ‐ Hematite
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• Strate ic link to Shinewarm Resources HK g ( )

• Group Limited, following recent equity lacement

• p

• Future arrangements provide for development capital of up to $50M in exchange for 100% off-take for the Central Yilgarn hematite projects

• Rail is accessible (with upgrade needed) – operator to provide capital

• Sta e 1 ex ansion of Es erance ort throu g p p p g

• private development funding

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Project Funding ‐ Magnetite
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• Scoping study indicates $2.4B capital required

• Project has highly encouraging metallurgical properties

• Rail is accessible (with upgrade needed)

• Port needs substantial upgrade:

• Likely stage 2 of current expansion

  • process

• Timin sub ect to a rovals and g j pp

• capital

• Partner search ongoing for funding magnetite development

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Radar in 2012/13
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• Definition on increasin hematite resource base g

• Several focused drill campaigns through 2012/13

• Regional targeting through mapping and geophysics

• Feasibility studies for hematite development in 2012/13

• Pre-feasibility study for Die Hardy magnetite to commence with focus on metallurgy, infrastructure and water

• Partner search for magnetite development funding

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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.

Th e d ocument d oes not purport to cover a ll re evant l i n f ormat on a i b out t h e C ompany or i ts b us ness. i I t d oes not i nten d to b e a comp ete or accurate statement o l f 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.

I n f orma ti on i n thi s repor t th a t re a es l t t o th e M u ld oon Mi nera l R esource es ti ma es t re fl ec s t i n f orma ti on comp il e d b y M r Al exey Zh arn ik ov a f u ll ti me emp oyee l o f CSA Global Pty Ltd, who is a member of the Australian Institute of Geoscientists (AIG). Mr Zharnikov has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is reporting 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 Zharnikov consents to the inclusion in the report of the matters based on the information compiled by him, in the form and context in which it appears.

Information in this report that relates to the Die Hardy Mineral Resource estimate reflects information compiled by Mr Aloysius G . W . Voortman of CSA Global Pty Ltd who is a Fellow and Chartered Professional of the AusIMM. Mr Voortman is a Competent Person as defined by the JORC and is a full time employee of CSA Global Pty Ltd as Principal Resource Geologist and Geostatistician. He has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is reporting 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 Voortman consents to the inclusion in the report of the matters based on the information compiled by him, in the form and context in which it appears.

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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Successful iron ore companies require 3 key factors:
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1. Mineable resource – Radar in 2012 is currently increasing the hematite resource base

2. An infrastructure pathway – Radar is in the Yilgarn province with government owned rail and port

3. 3 . A market – Iron Ore with similar quality to that defined by Radar is currently being sold into Asia – iron grade and ore quality form a saleable product

RADAR IS VERY WELL PLACED TO BECOME A PRODUCER

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September 2012

www.ra d ar ron.com.au i