WEEBIT NANO LTD — Investor Presentation 2014

May 14, 2014

1

Yerecoin Acquisition – May 2014

• Radar has actively been pursuing

• acquisition opportunities

• Targeting high grade iron ore projects with near term production potential with a low capital cost and available infrastructure

• Two recent acquisitions:

• Yerecoin – high grade magnetite play, close

  • to Perth with rail infrastructure

• Brazil – High grade DSO project adjacent to Amazon infrastructure

• Into development phase for Yerecoin Project while exploration and development continues at Brazil and Yilgarn projects

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• For all iron ore, a high grade and accessibility to infrastructure

• essential – hence Brazil and Yerecoin

• The right magnetite projects with a smart approach can have low capex and low technical risk

• With the depletion of high grade direct shipping iron ore, global demand for high grade ores, DSO and magnetite concentrate will increase substantially. Steel production using magnetite ores is more emission friendly satisfying the drive in China to reduce pollution – hence adding to future demand

• Radar completed a study (using Engenium) in mid 2013 aimed at low capex development for low initial production that can be scaled up once technical risks are resolved and understood

3

tenement Acquired in April 2014 - 501km[2 ] holding in SW Western Australia

• Assets include the Yerecoin deposit near Perth – 404Mt Inferred resource

• Scoping Study completed in 2013 – very goo d qua li ty tec h n ca i l d ata

• Yerecoin lies adjacent to an accessible rail line to the Port of Kwinana, with Geraldton Port also a possible destination

• The ore has excellent metallurgical properties

• Radar’s staged development model has a low risk and low capex

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YERECOIN
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• 150 km NNE of Perth

• Approximately 200km by rail to Kwinana

• Alternate route - truck and

• rail to Geraldton

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•
Largely covering cleared
farming land
•
Excellent road access
•
Opportunity for a community
integrated development
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• 3.74M total cost

• $0.86M on signing agreement

• $1.44M, by November 30, 2014

• $1.44M, 12 months from signing

• R lt t f oya y $1/d ry onne o

• concentrate

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• 400Mt resource with exploration upside

• Coarse grained magnetite

• Excellent metallurgical properties

• 68% Fe with low contaminants

• 105 micron grind

• DTR up to 35%

• High quality premium product

• High quality scoping study

• Project near infrastructure corridor and has options for export

• No major land access issues (eg Native Title etc)

7

• 17.2M Radar shares issued to Lightshare Investments at 5 cents

• $0.86M raised to fund initial payment for assets

• Lightshare Investments Pty Ltd owned by the major shareholders of leading WA project delivery company Engenium

• Li htshare owns 17.5% of the Radar’s issued ca ital followin the g p g

• transaction

• Radar and Engenium have been collaborating for some months to develop innovative approaches to develop iron ore deposits in WA

• Engenium’s support reinforces the project’s viability

• Lightshare has been offered a non-executive Board position with Radar and has nominated Mr David Sourbutts. Mt Sourbutts is an experienced civil engineer and executive director of Engenium

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	Class Name Tonnes (Mt) DTWR % DTC Fe% DTC SiO2% DTC S% DTC Al2O3% DTC P% Fe_ head% Yerecoin Main 146.5 35.36 68.83 2.82 0.03 0.24 0.007 29.14 Yerecoin Sth 115.9 28.05 67.88 4.20 0.75 0.41 0.013 29.76 Yerecoin Resource INFERRED Yerecoin Nth 141.6 21.98 67.56 4.39 0.67 0.54 0.015 26.29 Total 404.0 28.57 68.11 3.77 0.46 0.39 0.012 28.32	Class Name Tonnes (Mt) DTWR % DTC Fe% DTC SiO2% DTC S% DTC Al2O3% DTC P% Fe_ head% Yerecoin Main 146.5 35.36 68.83 2.82 0.03 0.24 0.007 29.14 Yerecoin Sth 115.9 28.05 67.88 4.20 0.75 0.41 0.013 29.76 Yerecoin Resource INFERRED Yerecoin Nth 141.6 21.98 67.56 4.39 0.67 0.54 0.015 26.29 Total 404.0 28.57 68.11 3.77 0.46 0.39 0.012 28.32	Class Name Tonnes (Mt) DTWR % DTC Fe% DTC SiO2% DTC S% DTC Al2O3% DTC P% Fe_ head% Yerecoin Main 146.5 35.36 68.83 2.82 0.03 0.24 0.007 29.14 Yerecoin Sth 115.9 28.05 67.88 4.20 0.75 0.41 0.013 29.76 Yerecoin Resource INFERRED Yerecoin Nth 141.6 21.98 67.56 4.39 0.67 0.54 0.015 26.29 Total 404.0 28.57 68.11 3.77 0.46 0.39 0.012 28.32	Class Name Tonnes (Mt) DTWR % DTC Fe% DTC SiO2% DTC S% DTC Al2O3% DTC P% Fe_ head% Yerecoin Main 146.5 35.36 68.83 2.82 0.03 0.24 0.007 29.14 Yerecoin Sth 115.9 28.05 67.88 4.20 0.75 0.41 0.013 29.76 Yerecoin Resource INFERRED Yerecoin Nth 141.6 21.98 67.56 4.39 0.67 0.54 0.015 26.29 Total 404.0 28.57 68.11 3.77 0.46 0.39 0.012 28.32	Class Name Tonnes (Mt) DTWR % DTC Fe% DTC SiO2% DTC S% DTC Al2O3% DTC P% Fe_ head% Yerecoin Main 146.5 35.36 68.83 2.82 0.03 0.24 0.007 29.14 Yerecoin Sth 115.9 28.05 67.88 4.20 0.75 0.41 0.013 29.76 Yerecoin Resource INFERRED Yerecoin Nth 141.6 21.98 67.56 4.39 0.67 0.54 0.015 26.29 Total 404.0 28.57 68.11 3.77 0.46 0.39 0.012 28.32	Class Name Tonnes (Mt) DTWR % DTC Fe% DTC SiO2% DTC S% DTC Al2O3% DTC P% Fe_ head% Yerecoin Main 146.5 35.36 68.83 2.82 0.03 0.24 0.007 29.14 Yerecoin Sth 115.9 28.05 67.88 4.20 0.75 0.41 0.013 29.76 Yerecoin Resource INFERRED Yerecoin Nth 141.6 21.98 67.56 4.39 0.67 0.54 0.015 26.29 Total 404.0 28.57 68.11 3.77 0.46 0.39 0.012 28.32	Class Name Tonnes (Mt) DTWR % DTC Fe% DTC SiO2% DTC S% DTC Al2O3% DTC P% Fe_ head% Yerecoin Main 146.5 35.36 68.83 2.82 0.03 0.24 0.007 29.14 Yerecoin Sth 115.9 28.05 67.88 4.20 0.75 0.41 0.013 29.76 Yerecoin Resource INFERRED Yerecoin Nth 141.6 21.98 67.56 4.39 0.67 0.54 0.015 26.29 Total 404.0 28.57 68.11 3.77 0.46 0.39 0.012 28.32	Class Name Tonnes (Mt) DTWR % DTC Fe% DTC SiO2% DTC S% DTC Al2O3% DTC P% Fe_ head% Yerecoin Main 146.5 35.36 68.83 2.82 0.03 0.24 0.007 29.14 Yerecoin Sth 115.9 28.05 67.88 4.20 0.75 0.41 0.013 29.76 Yerecoin Resource INFERRED Yerecoin Nth 141.6 21.98 67.56 4.39 0.67 0.54 0.015 26.29 Total 404.0 28.57 68.11 3.77 0.46 0.39 0.012 28.32	Class Name Tonnes (Mt) DTWR % DTC Fe% DTC SiO2% DTC S% DTC Al2O3% DTC P% Fe_ head% Yerecoin Main 146.5 35.36 68.83 2.82 0.03 0.24 0.007 29.14 Yerecoin Sth 115.9 28.05 67.88 4.20 0.75 0.41 0.013 29.76 Yerecoin Resource INFERRED Yerecoin Nth 141.6 21.98 67.56 4.39 0.67 0.54 0.015 26.29 Total 404.0 28.57 68.11 3.77 0.46 0.39 0.012 28.32	Class Name Tonnes (Mt) DTWR % DTC Fe% DTC SiO2% DTC S% DTC Al2O3% DTC P% Fe_ head% Yerecoin Main 146.5 35.36 68.83 2.82 0.03 0.24 0.007 29.14 Yerecoin Sth 115.9 28.05 67.88 4.20 0.75 0.41 0.013 29.76 Yerecoin Resource INFERRED Yerecoin Nth 141.6 21.98 67.56 4.39 0.67 0.54 0.015 26.29 Total 404.0 28.57 68.11 3.77 0.46 0.39 0.012 28.32
	Class	Name	Tonnes (Mt)	DTWR %	DTC Fe%	DTC SiO2%	DTC S%	DTC Al2O3%	DTC P%	Fe_ head%
	INFERRED	Yerecoin Main	146.5	35.36	68.83	2.82	0.03	0.24	0.007	29.14
		Yerecoin Sth	115.9	28.05	67.88	4.20	0.75	0.41	0.013	29.76
		Yerecoin Nth	141.6	21.98	67.56	4.39	0.67	0.54	0.015	26.29
		Total	404.0	28.57	68.11	3.77	0.46	0.39	0.012	28.32

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• Coarse grained magnetite

• Excellent metallurgical properties

• 68% Fe concentrate with low contaminants

• 105 micron grind

• DTR up to 35%

	Fe% SiO2% Al2O3% CaO% MgO% P% S% MnO TiO2 Na2O LOI 68.6 4.3 0.12 0.17 0.28 0.014 0.008 0.057 0.027 0.005 3.13

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• Rail line direct to Kwinana –

• preferred destination

• Kwinana has approval for expansion if required

• Also potential capacity at Geraldton – alternate port

• Ship loading options:

• Bulk jetty

• rotainer from containers

• Radar in discussions covering a number of options with current exporters

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• Development planning to commence

• immediately – production planned in 2-3 years

• Longer term approval items (eg environmental surveys) to start imminently

• Discussion continuing with port and rail suppliers to optimise infrastructure

• Offtake partner identification – project development aimed at satisfying their requirements

9

• Grass roots exploration play – only mapping and sampling to date

• Farm-in commenced

• 50% ownership via JV with plan to move to 100%

• Potential for high grade iron ore discovery

• Direct shipping lump ore

• Infrastructure available

• Exploration team in place

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• Stable democracy and firm - rule of law

• Well developed mining culture

• Major push to develop the north of the country

• ’

• • host to world s

• Para a major Mining State , largest Iron Ore mine at Carajas

Amazonia Hotel – Uruara

• Tenement system open and transparent

• Transition from exploration to mining is well defined

• Potential for near term commercial trial mining during

• exploration phase

• No native title issues

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• Not typical pre-Cambrian Banded Iron

• In Amazon Basin – metamorphosed and enriched Phanerozoic sediments

• Some remnant sedimentary textures, but most recrystallised into massive haematite and magnetite

• –

• New discovery in unexplored region first mover advantage

• Exploration Potential: 20-40Mt at 5865% 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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• Only a small part of tenement holding mapped to date

• Surface mineralisation mapped in zones interpreted to be150-400m wide and up to 2.5km in length – isolated outcrops forming definable trends

• Channels excavated by previous owners - indicate ore zones are at least 4m thick

• 51 rock chip samples taken from all rock types on tenement 850245/2011

• 32 results from high grade mineralisation (55% Fe cut-off) average 62.0% Fe, 1.0% Al2O3, 4.5% SiO2 and 0.05% P

• Ground magnetic survey supports continuity of mineralisation

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• Drill testing first pass targets

• Continuing mapping and sampling

• Initial environmental and logistics studies

• F urt h er magnet c surveys or r i f d ill targeting

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• Transport – Panamax navigable rivers on three sides (Amazon, Tapajos, Xingu)

• 5km from Trans-Amazonica Highway, as halt ro ram underwa p p g y

• Progressively being sealed

• 1-2years will be sealed at Uruara

• Accessible for iron ore trucking

• Numerous nearby population centres – 40km to town of Uruara

• 5km from project and 200km from giant 11,000MW Belo Monte

• Hydro scheme, currently under construction

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• Assets located in Central Yilgarn - hematite being mined by others (Cliffs and Mineral Resources)

• • Enhanced potential for rapid project development with existing open access infrastructure

• • 1,200 km[2] of tenements/>120km BIF

• • Largely unexplored for iron ore

• • Johnston Range hematite focus but significant hematite potential throughout

• • Esperance Port being expanded

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	Capital Structure Total Fully Paid Ordinary Shares (RAD) 98,540,070 Unlisted Options 7,675,000

Market Cap (based on trading price of $0.06) - $5.9M

Top 20% own 72%

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

$0.5M Cash at March 31

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

• Major Shareholders: Top 20% own 72%	Shareholder	Percentage
	POTASH MINERALS LTD	23.0%
	LIGHTSHARE INVESTMENT PTY LTD	17.5%
	SHINEWARM RES HK GRP LTD	10 1% .
	BOND STREET CUSTS LTD	4.4%
	JONCA INV PL	3.0%

• Three placements since listing - at 30, 33 and 5 cents

• Tightly held register

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COMPETENT PERSON’S STATEMENTS

The information in this presentation is compiled by Mr Jonathan Lea, a Competent Person who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Lea is a full-time employee of Radar Iron Ltd and has sufficient experience that is relevant to the style of mineralisation and type ofdeposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 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.

PREVIOUS REPORTED RESULTS YERECOIN

A Mineral Resource was established previously for the Yerecoin Magnetite Deposit in 2014. This information was reported under the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. The Mineral Resource was detailed in an ASX release and is available to view on the Company’s website www.radariron.com.au. The ASX release was:

“ Major ProjectAcquisition ” on 24/04/2014

Information in this report which relates to exploration results for the Yerecoin deposit, together with any related assessments and interpretations is based on information approved for release by Mr Giles Rodney Dale of G R Dale and associates. Mr Dale holds a Fellowship Diploma in Geology from RMIT; is a Fellow of the Australasian Institute of Mining and Metallurgy and has sufficient experience which is relevant to the style of mineralisation under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Dale 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 which relates to the Mineral Resource estimation the Yerecoin deposit, together with any related assessments and interpretations is based on information approved for release by Patrick Huxtable who is full time employee of Tetra Tech Australia. Mr Huxtable holds a BSc in Geology from Curtin University and is an RPGeo and Member in good standing with the Australasian Institute of Geosciences and has sufficient experience which is relevant to the style of mineralisation under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Huxtable consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and that all material assumptions and technical parameters underpinning the data in the relevant market announcement continue to apply andhave not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.

PREVIOUS REPORTED RESULTS URUARA

There is information in this announcement relating to surface sampling assays at the Uruara Project completed in two samplingprogrammes in 2013 and one in 2014. These were detailed in ASX releases and available to view on the Company’s website www.radariron.com.au. The ASX releases were:

“Brazilian Iron Ore Project – Update 1” on 18/11/2013 and

“Brazilian Iron Ore Project – Update 2” on 15/01/2014 “Brazilian Update – Uruara Project Option Exercise” on 21/01/2014 “Brazilian Iron Ore Project – Update 6” on 02/04/2014

An Exploration Target was established previously for the Uruara mineralisation following assessment in 2013. This was detailed in an ASX release and is available to view on the Company’s website www.radariron.com.au. The ASX release was:

“Brazilian Iron Ore Project Acquired” on 13/11/2013

The potential quantity and grade for Exploration Targets is conceptual in nature. There has been insufficient exploration to estimate a mineral resource and it is uncertain if further exploration will result in the estimation of a mineral resource.

As specified in the text of this presentation and the previous ASX release the Exploration Target was based on surface mapping and interpretation along with widely spaced surface sampling results. Further work as outlined will include additional mapping and sampling, magnetic surveys and drill testing to validate the Exploration Target. This work should be completed in the first half of 2014.

The tonnage was estimated by assuming mineralised corridors averaging 200m wide to a depth of 5m with a length of 10km covered by the 3 corridors of mineralisation identified to date. A bulk density of 3.5 was applied to estimate tonnage. The range of tonnage was rounded off to 20-40Mt to indicate the uncertainty in this estimate. The grade was estimated using the average of the 16 ore grade assays results from the 24 samples taken that indicate ore grades will be approximately 62%Fe. The range was applied using practical knowledge of common maximum mined grades for iron ore deposits and a likely lower economic grade for extraction. The final grade will depend ultimately on the results obtained through drill testing and the economic cut off grade applied to any resource estimation.

The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and that all material assumptions and technical parameters underpinning the data in the relevant market announcement continue to apply andhave not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.

PREVIOUS REPORTED RESULTS CENTRAL YILGARN

Mineral Resources were established previously for the Die Hardy Magnetite Deposit and the Muldoon Hematite Prospect in 2011 and 2012 respectively. This information was first reported under the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. and has not been updated. The Mineral Resources were detailed in ASX releases and are available to view on the Company’s website www.radariron.com.au. The ASX releases were:

“Maiden 353Mt Magnetite JORC Resource for Die Hardy” on 16/11/2011, and

“Maiden Hematite JORC Resource for Muldoon Prospect” on 08/05/2012.

Information in this that relates to the Mineral Resource estimate for Muldoon reflects information compiled by Mr Alexey Zharnikov a full time employee of 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 2004Edition 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.

The information in this reportrelating to exploration results, sampling data validity andquality, mineralisation density andgeneralprojectdescriptions usedin 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 the Mineral Resource for Die Hardy 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 fulltime 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 Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and that all material assumptions and technical parameters underpinning the data in the relevant market announcement continue to apply andhave not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.