WEEBIT NANO LTD — Investor Presentation 2013

Nov 17, 2013

Brazilian Iron Ore Project - Update 1

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ACN 146 455 576

ASX Release

18 November 2013

Suite 7, 55 Hampden Rd Nedlands WA 6009 PO BOX 994 Subiaco WA 6904

P + 61 8 9389 9919 F + 61 8 9389 0576 E info@radariron.com.au W www.radariron.com.au

Contact:

Jonathan Lea Managing Director E jlea@radariron.com.au

Damon Sweeny Company Secretary E damon@ampereltd.com.au

• Rock Chip Assays Received

• High Grade Fe, low in impurities.

• Mapping underway

As previously announced Radar Iron Ltd (ASX: RAD) has entered into an option to acquire 50% of the Uruara Iron Ore project in northern Para State, Brazil.

The Uruara project’s prospectivity is based on mapping and trenching which has identified extensive areas of massive, high grade iron ore mineralisation at surface.

Assays have been received from 11 rock samples taken from outcrop and trenches across 5km of mapped strike of iron mineralisation (Table 1). Although widely spaced, these samples were submitted to confirm the high grade and low contaminant nature of the mineralisation.

	Table 1. AssaySummary	Table 1. AssaySummary
Sample NI-01A NI-01B NI-03 NI-09A NI-09B NI-11 NI-14A NI-14B NI-18 NI-19 NI-25	Fe%	Al2O3% CaO% MnO% P% SiO2% 1.01 0.167 0.051 0.040 3.05 1.31 0.039 0.054 0.050 5.55 0.48 0.130 0.071 0.019 2.77 1.53 0.029 0.748 0.192 4.77 2.30 0.029 0.032 0.173 35.40 1.50 0.135 0.184 0.033 2.98 0.47 0.012 0.022 0.043 2.59 0.66 0.201 0.145 0.010 2.20 0.35 0.026 0.025 0.062 1.47 0.30 0.163 0.068 0.010 2.72 0.69 0.242 0.054 0.018 3.72
	62.3
	59.3
	63.8
	56.4
	38.0
	64.4
	60.7
	66.1
	64.4
	65.8
	64.2

Directors:

Alan Tough - Chairman Jonathan Lea - Managing Director Ananda Kathiravelu - Non-Executive

Issued Capital: 81,340,070 Ordinary Shares 23,050,000 Unlisted Options

ASX Code:

RAD (Fully Paid Ordinary Shares)

These excellent results from this preliminary mapping exercise are highly encouraging and reinforce the exciting potential of the project. Only two samples returned Fe assays significantly lower than 60%, both of which were taken at the same location within a small localized fault zone.

Field teams are currently on the ground, re-opening old access tracks to enable a more detailed mapping program on the defined areas to be undertaken soon and to hopefully confirm significant strike extensions that had been previously defined by local prospectors.

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Brazil Update 1

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Project Details

The Uruara Project in Para State, comprises one issued exploration licence (EL) and six applications that can be readily converted to EL’s once they are deemed to have sufficient potential (Figure 2), covering approximately 68,000 Ha.

Following a 2 month due diligence period radar has the opportunity to farm into the project as detailed in the ASX announcement on November 13.

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Figure 1. Project Location

Mapping and Sampling

The Uruara project is early stage in that no drilling has yet been undertaken, however its prospectivity is based upon surface mapping and trenching which has identified extensive areas of massive, high grade iron ore mineralisation at surface.

Work to date has concentrated on the issued EL (850.245/2011), with little work carried out on the adjacent applications. Mapping on the EL has been limited to the southern portion of the lease where forest has been cleared for farming, exposing outcropping iron mineralisation.

Previous local prospectors had carried out basic mapping and trenching of outcrop of iron mineralisation, but little of a quantitative nature.

In mid 2013, teams from Sullis Mineracao carried out more detailed mapping of the southern portion of EL 850.245. This mapping identified three main mineralised corridors, two ENE and one NNW, (Figure 4).

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Brazil Update 1

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Figure 2. Lease Package

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This mapping was limited to those parts of the EL that had been cleared for farming. Within this small area, over 5km of strike extent of iron mineralisation was identified on these three zones (Figure 4) with a consistent width of between 150-300m.

Local prospectors have indicated that these zones continue eastward into the forest beyond the eastern margin of the EL, however as previously cut tracks had grown over, this could not be verified.

The iron formations appear reasonably homogenous in nature and mineralisation – with almost all occurrences being marked by large expanses of massive iron oxide mineralisation, with both massive magnetite and hematite being identified.

The weathering profile is thin, generally less than 1m, with limonite and detrital magnetite – this material is slightly more friable, however iron grades appear to remain high. The fresh rock shows grades from 59% to over 65% Fe.

The thickness of the mineralisation is unknown as no drilling has been undertaken. Several trenches were opened by hand by the previous workers, but the deepest of which could only extend to 4m due to the extreme hardness of the massive iron mineralisation. All trenches ended in massive iron mineralisation with no evidence of any vertical gradation to suggest the base was near (Plate 1).

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Brazil Update 1

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Figure 3. Leases and vegetation cover

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Figure 4. Mineralisation and Sample Location – Southern Part of EL 850.245

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Brazil Update 1

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Plate 1. Massive mineralisation in trench

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Plate 2. Massive Iron mineralisation in outcrop

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Brazil Update 1

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Rock Chip Sampling

As part of the recent mapping program, 11 (eleven) samples were taken across the extent of the three identified mineralized zones, with samples chosen to represent all of the various styles of iron mineralisation – fresh outcrop, fresh rock from trenches, weathered surficial material, and altered mineralisation in the vicinity of a small fault zone.

These samples were submitted to Acme Labs in Belo Horizonte, Brazil for analysis, the results of which are shown in Table 2.

These results demonstrate that the iron mineralisation at Uruara to be high grade, and to contain encouragingly low levels of contaminants. Only two samples returned Fe assays significantly lower than 60%, both of which were taken at the same location within a small localized fault zone. The average of the remaining 9 samples, excluding these two results is 63.5% Fe.

Table 2. Rock Sample assay results

ID	**East ***	**North ***	Al2O3%	CaO%		K2O%	LOI%	MgO%	MnO%	Na2O%	P%	SiO2%	TiO2%
					Fe%
NI-01A	223119	9603176	1.01	0.167		0.010	6.22	0.12	0.051	0.10	0.040	3.05	0.053
					62.344
NI-01B	223119	9603176	1.31	0.039		0.010	7.84	0.10	0.054	0.10	0.050	5.55	0.081
					59.315
NI-03	224437	9604714	0.48	0.130		0.017	4.96	0.12	0.071	0.10	0.019	2.77	0.040
					63.829
NI-09A	224686	9604784	1.53	0.029		0.031	11.62	0.10	0.748	0.10	0.192	4.77	0.062
					56.403
NI-09B	224686	9604784	2.30	0.029		0.010	7.12	0.10	0.032	0.10	0.173	35.40	0.115
					38.006
NI-11	227094	9603012	1.50	0.135		0.010	2.86	0.10	0.184	0.10	0.033	2.98	0.032
					64.499
NI-14A	227087	9603227	0.47	0.012		0.010	10.14	0.10	0.022	0.10	0.043	2.59	0.010
					60.763
NI-14B	227087	9603227	0.66	0.201		0.052	1.81	0.10	0.145	0.10	0.010	2.20	0.022
					66.130
NI-18	223755	9604438	0.35	0.026		0.010	5.63	0.13	0.025	0.10	0.062	1.47	0.010
					64.440
NI-19	223721	9603317	0.30	0.163		0.013	2.12	0.32	0.068	0.10	0.010	2.72	0.010
					65.858
NI-25	224581	9603416	0.69	0.242		0.023	3.04	0.22	0.054	0.10	0.018	3.72	0.039
					64.269

*South American 1969 datum, Zone 22S

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Brazil Update 1

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Ongoing Work

Following these encouraging results, a team is currently on the ground at Uruara, making preparations for a more detailed and more extensive mapping program.

This work will include more detailed mapping of the exposed mineralisation on the cleared portion of the EL, as well as the reopening of old tracks into the forest to east to attempt to verify the anecdotal strike extensions.

Radar continues to undertake due diligence on the project and will provide updates periodically.

Yours faithfully,

For and on behalf of Radar Iron Ltd

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Jonathan Lea Managing Director

The information in this report accurately reflects information prepared by Competent Persons (as defined by the Australasian Code for Reporting of Mineral Resources and Ore Reserves). It is compiled by Mr Jonathan Lea, an employee of the Company who is a Member of The Australasian Institute of Mining and Metallurgy with the requisite experience in the field of activity in which he is reporting. Mr Lea 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 Lea consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

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