WEEBIT NANO LTD — Investor Presentation 2012

Mar 18, 2012

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March 2012 Update

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Well established junior
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	Capital Structure Free Trading Escrow Total Fully Paid Ordinary Shares (RAD) 48,346,517 22,815,612 71,162,129 M k t C (b d t di i f $0 30) $21M T 20% 51% Listed Options 24,626,704 24,626,704 Unlisted Options 1,050,000 22,000,000 23,050,000 ar e ap ase on ra ng pr ce o . - op own

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

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Corporate Strategy
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• F ocus on ema h tit e resource e d fi n iti on n i 2012

• Rapid exploration and resource definition for iron ore

• Develo rofitable minin o erations – p p g p

• both hematite and magnetite

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Radar – Project Summary
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• Assets located in developing Yilgarn Iron Ore Province (YIOP) • Hematite & magnetite mineralisation otential p • Enhanced potential for rapid project development with ex st ng open access i i infrastructure • Hematite bein mined b g y others

• Large magnetite deposits d e fi ne d i n str ct an di i d b e ng i considered for development �4

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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

• Potential ports

• –

• Esperance deep water berth, Cliffs currently exporting 8mtpa iron ore, Government commits to expansion to up to 30mtpa capacity

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

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Massive Exploration Potential
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• 1 200 km[2] of tenements ,

• 120km BIF

• Largely unexplored for iron ore

• Onl 25% of tenements drilled y

• so far

• E xp orat on to ate g l i d hi hl y encouraging for both hematite and magnetite

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Johnston/Evanston Projects
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• Significant hematite and magnetite potential

• >50 linear km of banded iron formation

• Potential for numerous hematite deposits

• 77 RC drill holes for 6003m completed in November 2011 aimed at first pass testing on hematite targets

• Hematite intersected – best result 24m at 57.4% Fe

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Johnston/Evanston Projects
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Johnston/Evanston Projects
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• Further drilling planned aimed at defining hematite resources

• Ground geophysics completed to better define targets

• Drill testing February/March 2012 – results pending

• Mapping continuing – new zones of anomalous mineralisation identified

• Potential for area still being assessed

• Further work required and ongoing in 2012

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Muldoon Prospect ‐ first target
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• Mapped in detail • Multiple outcrops of hematite

• • Strike lengths over 500m, widths of calcined

• up to 20m , grades around 60% Fe

• • best result 24m at 57.4% Fe

• • Partially drilled to date

• • I n f i ll d ri ll d f or resource ing require

• definition

• • Other prospect areas have similar potential �10

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

• Indicated Resource of 215Mt at 26.7% Fe

• • Inferred Resource of 138Mt at 25.2% Fe

• Potential for substantial increase

• Hematite potential also being investigated

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• A high grade massive body with good metallurgical properties

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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

• PFS 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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Radar in 2012
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• Focus on defining hematite resource base

• Drilling at Johnston Range commencing in March and in ongoing campaigns (as approvals permit)

• Regional targeting through mapping and geophysics

• Several focused drill cam ai ns likel in next 6 months p g y

• Pre-feasibility study for Die Hardy magnetite commencing w ith m r t s suc h as infr as tr uc t u r e a n d wa t e r ajo aspec

• 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.

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 d e fi ne d i n th e 2004 Editi on o f th e “A us ra as an t l i C o d e f or R epor ti ng o f E xp ora l ti on R esu lt s, Mi nera l R esources an d O re R eserves. ” M r L ea consen s t t o th e i nc us on l i in this ASX Release of the matters based on his information in the form and context in which it appears in the Presentation.

The information in this report relating to exploration results, sampling data validity and quality, mineralisation density and general project descriptions used in the Die Hardy Resource Estimate accurately reflects information prepared by competent persons (as defined by the Australasian Code for Reporting of Mineral Resources and Ore Reserves). It was reviewed by Aloysius G.W. Voortman of CSA Global Pty Ltd who is a Fellow and Chartered Professional of The Australasian Institute of Mining and Metallurgy with the requisite experience in the field of activity in which he is reporting. Mr Voortman has sufficient experience which is relevant to the style of mineralisation and the 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 Voortman consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Information in this report that relates to 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. �14

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March 2012 www.radariron.com.au

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