ZEOTECH LIMITED — Investor Presentation 2012

Sep 4, 2012

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5[th] September 2012

COMPANY PRESENTATION

Australian exploration company Laconia Resources Limited ( ASX: LCR ) (“ Laconia ” or “ the Company ”) is pleased to announce the Company Presentation being delivered at the AMEC Convention 2012, being held at the Burswood Convention Centre in Perth, Western Australia, at 2.25pm today local time by its Managing Director Ian Stuart.

ENDS

For further information please contact:

Ian Stuart Sam Burns Managing Director Media and Investor Relations Laconia Resources Six Degrees P: +61 8 9486 1599 M: 0400 164 067 E: istuart@laconia.com.au E: sam.burns@sdir.com.au www.laconia.com.au

About Laconia Resources

Laconia Resources is a Perth-based emerging precious and base metals exploration and development Company with a South American focus. The recently acquired Rasuhuilca gold-silver development project in Peru complements the Company’s existing portfolio of precious and base metal projects in Western Australia. A Feasibility Study was completed at Rasuhuilca 2008 and Laconia aims to bring it into production as a highgrade, small-tonnage operation, and utilise the project’s revenues to unlock its exploration upside.

In Western Australia, the Company has a portfolio of advanced mineral projects in the Murchison and Pilbara regions, across 35 granted tenements covering an approximate 955km[2] . The Company has determined JORC compliant resources at its projects at Lennons’ Find, (Cu-Ag-Pb-Zn-Au), and most recently at Rasuhuilca in Peru (Au-Ag). The Company is focused on targeted exploration of its project areas, and further definition and expansion of its Resource base at its advanced projects.

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AMEC Conference September 2012

Laconia Investor Presentation

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Fast track to precious metals production in Peru

Disclaimer and JORC Code Compliance Notice

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Forward Looking and Exploration Target Statements

Some statements in this announcement regarding future events are forward-looking statements. They involve risk and uncertainties that could cause actual results to differ from estimated results. Forwardlooking statements include, but are not limited to, statements concerning the Company’s exploration programme, outlook, target sizes, resource and mineralised material estimates. They include statements preceded by words such as “potential”, “target”, “scheduled”, “planned”, “estimate”, “possible”, “future”, “prospective” and similar expressions. The terms “Direct Shipping Ore (DSO)”, “Target” and “Exploration Target”, where used in this announcement, should not be misunderstood or misconstrued as an estimate of Mineral Resources and Reserves as defined by the JORC Code (2004), and therefore the terms have not been used in this context. Exploration Targets are conceptual in nature and it is uncertain if further exploration or feasibility study will result in the determination of a Mineral Resource or Reserve.

Reference to resources

While Laconia Resources remains optimistic of the reserve /resource potential of its tenements any reference to “resource” or use of the term “ore” in this document is/are conceptual in nature. Further work is required to determine mineral reserves/resources.

JORC Code Compliance

Competent Persons Statements

Information in this report relating to the Lennons Find and 701 Mile Projects have been compiled by Mr Vincent Algar. Mr Vincent Algar who is a member of the Australasian Institute of Mining and Metallurgy has compiled the information within this presentation that relates to Exploration Results, Mineral Resources or Ore Reserves. Mr Algar is a Non Executive Director and consultant of Laconia Resources Limited and has sufficient experience relevant to the style of mineralisation and type of deposits under consideration and to the activity currently being undertaken 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 and consents to the inclusion of this information in the form and context in which it appears in this report.

Mr Darryl Mapleson who is a member of the Australasian Institute of Mining and Metallurgy has compiled the information within this presentation that relates to Exploration Results, Mineral Resources or Ore Reserves for the Mooletar Project. Mr Mapleson is a principal of BM Geological Services Pty Ltd and has sufficient experience relevant to the style of mineralisation and type of deposits under consideration and to the activity currently being undertaken 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 and consents to the inclusion of this information in the form and context in which is appears in this presentation. “Note: The potential quantity and grade of the Mooletar Project is conceptual in nature and there has been insufficient drilling to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a mineral resource.”

Basis of assumptions for the Mooletar Magnetite Project

For the purpose of the Engenium report, an accuracy of +/-50% was adopted in estimating costs. Costs have been based on other projects of similar size, and include information from Engenium in-house databases and/or cost factors derived from projects of similar size and scope. The results from the report are not future revenue or operating forecasts. The information from the report is intended only to provide an indication of the potential scope of the Mooletar Iron Project. The potential quantity and grade of the Mooletar Project is conceptual in nature and there has been insufficient drilling to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a mineral resource.

Peru

A review of available data was conducted by Mr Michael Andrew, a Principal of Optiro Pty Ltd. Mr Michael Andrew who is a member of the Australasian Institute of Mining and Metallurgy has compiled the information within this presentation that relates to Mineral Resources or Ore Reserves in Peru. Mr Andrew is a full time employee of Optiro Pty Ltd and has sufficient experience relevant to the style of mineralisation and type of deposits under consideration and to the activity currently being undertaken 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 and consents to the inclusion of this information in the form and context in which it appears in this report.

A review of available data was conducted by Mr Vincent Algar, a Non Executive Director and consultant for Laconia Resources Limited. Mr Vincent Algar who is a member of the Australasian Institute of Mining and Metallurgy has compiled the information within this presentation that relates to Exploration Results. Mr Algar has sufficient experience relevant to the style of mineralisation and type of deposits under consideration and to the activity currently being undertaken 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 and consents to the inclusion of this information in the form and context in which it appears in this report.

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Investment Overview

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Laconia Resources Limited (ASX: LCR) is a progressive precious and base metals Company with a portfolio of advanced, high grade Projects in Peru and Western Australia.

• Flagship Rasuhuilca gold-silver Project in Peru is current Company focus

o Building on existing resource of 360,000 t @ 1.97g/t Au and 179g/t Ag o Planned move to production with near-term mine development o Currently confirming previous feasibility study – due for release in Dec quarter (Q4) 2012 o Proximal to major multi-million oz gold-silver projects o Strong exploration upside potential – 2,200 m drilling program due to commence in Dec quarter (Q4) 2012

• High-grade precious and base metals position in the Pilbara , WA

• Experienced Board with Project development skills in Australia and offshore.

• In-country technical team with vast experience in Peru

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WA Project Portfolio

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Balanced portfolio of precious and base metals projects in Australia

• Lennons Find poly metallic project in WA – existing

• JORC resource of 1.80Mt @ 82g/t silver, 0.26 g/t gold, 0.2% copper, 1.4% lead and 5.1% zinc

• 701 Mile Project – high grade silver anomalism

• (up to 20 g/t Ag), over a strike length of >25km

• Mooletar Iron Ore Project Mount Magnet

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Strategic Overview

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• Balanced portfolio of assets - priority Peru project and advanced WA exploration assets

• Current Focus on Rasuhuilca Project, Peru o Building on existing JORC resource estimate

• o Finalising and releasing confirmation of previous feasibility study

• o Near term production in 2014, as a small tonnage mining operation

• One of only 7 ASX listed explorers in Peru – first mover advantage provides low cost

• entry to further strategic acquisition opportunities

• Source value through assessing structure and funding of WA based projects

• High calibre board and management team , strong technical and corporate expertise in

• Resources sector, focused on achieving the Company’s goals

• In-country technical team with vast experience in Peru

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Projects Plans

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Project overview and activities

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Corporate Overview

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Capital Structure

Laconia Resources	Shares on Issue
Number
Shares on Issue (including recent Placement, in progress) 181.3m* Unlisted Options ($0.08 - 0.20 strike) 24.1m
Cash June 30 2012 $922,000
Total Market Capitalisation at 2.5c $4.53m

Top 5 Shareholders (pre placement - in progress)

Shareholder	Shareholder	% Shares	% Shares
Gold Mines of Peru Ltd Cambridge Mineral Resources Independence Group Pandell Pty Ltd Ian Stuart			16.8 8.8 6.3 6.0 4.0
Top 5 hold 42% of total shares on issue – top 20 hold 61%

Top 5 hold 42% of total shares on issue – top 20 hold 61%

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Capital Raising

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Placement and Shareholder Entitlement Offer (refer ASX release 3 September 2012) Placement of 23,643,751 million fully paid ordinary shares in the Company at an issue price of 2 cents per share to raise approximately $0.47 million – completed

In recognition of shareholder support, Laconia intends to offer a fully underwritten nonrenounceable Shareholder Entitlement Rights Issue (Rights Issue) of one (1) new share for every two (2) existing shares held by shareholders at an issue price of $0.02 per share. The Rights Issue will raise approximately A$1.81 million (before costs of the Issue) and result in the issue of 90,634,380 new shares

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[Board Members ]

• Matthew Howison, Non Executive Chairman LLB, LLM, MBA

• formerly NM Rothschild & Sons (Australia) Ltd, Turnbull & Partners, Goldman Sachs Australia and Salomon Smith Barney.

• involved in advising on mergers and acquisitions and capital raising transactions for major Australian and international corporations.

• expertise in the metals and mining, energy, renewable energy, media and technology industries.

• Ian Stuart, Managing Director B.Sc (Hons), F.Fin, MAICD

• formerly a stockbroker with Macquarie Private Wealth.

• experience in both finance industry and mining.

• extensive experience with capital raisings within the junior resource sector.

• senior geologist with experience throughout Australia and Africa, exploring for both gold and base metals.

• Dr. Saliba Sassine, Non Executive Director

• experience and expertise at Chairman and CEO level in a number of listed and privately held companies.

• Managing Director or BlueMount Capital (WA) Pty Ltd, a member company of an international corporate capital group, and is Chairman of S&A Capital Pty Ltd, a commodities mercantile group.

• has also worked as a senior ministerial and government adviser in Australia and represented the Western Australian Government on a number of state and national advisory boards and committees.

• Vincent Algar, Non Executive Director

• a geologist with over 20 years’ experience in both underground and open cut mining operations.

• founding Managing Director of Shaw River Resources until 2012. He has extensive experience in management of public listed companies, specifically capital raisings for exploration project generation and acquisition.

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[Management Team ]

Head Office – Australia

• Ian Stuart, Managing Director

• Vincent Algar, Director

• Gemma Lee, Senior Exploration Geologist

South American Office

• Ralph Nicholson, General Manager

• Paolo Frias, Administration and Accounting

• Eduardo Bulnes, Social and Environmental

• Renan Castillo, Engineering Consultant

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Peruvian Project Making the transition from explorer to producer

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About Peru

Capitalising on Peru’s prolific mineral wealth

Mining Investment Opportunity

• Peru is the largest mineral producer in Latin America

• Peru is ranked amongst the largest mineral producers in the world: 1st Silver, 2nd Copper,

• 3rd Zinc and Tin, 4th Lead, 6th Gold

• Less than 1% of country being exploited and only 14% of the country has been staked

• Peruvian Government actively encouraging Australian explorers to bring their expertise

Investment Climate

• A successful privatisation process that has created an attractive investment

• environment for international mining companies.

• Free profit repatriation scheme.

• Efficient administration of mining rights and title granting procedures.

• Competitive taxation system: stability taxation agreements

• Modern geological information system.

Source: Australian Trade Commission Report: Mining in Peru, August 2011

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Mining in Peru Foreign and Exploration Investment

Foreign Investment in Latin America & Caribbean

Peru is ranked second as most attractive country in foreign investment within the Latin America and Caribbean region.

Country	Ranking in Latin America	Ranking Worldwide
Mexico	1	35
Peru	2	36
Colombia	3	39
Chile	4	43
Puerto Rico	5	47

Source: Doing Business 2011 - The World Bank & International Finance Corporation (IFC)

Exploration Mining Investment in Latin America

Peru is ranked fourth as most attractive country in mining exploration investment in Latin America.

Country	Ranking	Policy Potential Index
Chile	8	81.3
Mexico	35	54.7
Colombia	40	51.2
Peru	48	43.6
Brazil	49	43.2
Argentina	60	32.4
Ecuador	65	27.9

Source: Survey of Mining Companies 2010/2011 – Fraser Institute

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Operating in Peru Global Transactions and Foreign Investment

• In August 2011, Standard & Poor’s raised Peru’s foreign debt rating to BBB,

• above Brazil and Colombia rated BBB –

• Case study: Anglo American agrees with Peru Energy and Mines dept – Jul 2012

• – investing $3b+

• Peru ranks highest in Latin America for its investment climate in mining. The

• estimated mining investment over 41 major projects, including both exploration and expansion projects, of US$42.5 billion for the period 2010-2016

Source: Australian Trade Commission Report: Mining in Peru, August 2011

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Peruvian-based Operators Explorers and Developers

Rasuhuilca project In the same region as:

• Hochschild Mining PLC’s major silver and gold operations. Hochschild has Reserves and Resources exceeding 186 million silver ounces and 1.1 million gold ounces[3]

• Xstrata’s Las Bambas copper project production planned for 2013. Resources 1,550mt @ 0.61% Cu[4]

• Buenaventura’s Breapamps gold silver resource, in feasibility. Resources 11Mt @ 0.9 g/t Au, 12 g/t Ag[4]

• 3 Refer Hochschild Mining PLC Annual Report 2011.

• 4 Australian Trade Commission Report: Mining in Peru August 2011

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Major Resource Deposits

& Mines, Peru

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Rasuhuilca Silver-Gold Project, Peru Near-term Production Potential

• Drilling on existing resource planned for Q4 2012

• Upgrade of resource confidence Q4 2012

• Near term production in 2014, as a small tonnage mining operation

• Opportunity to increase current resource base at Rasuhuilca

• High-grade gold silver targets identified at Marcelita Vein system and other mineralised

• targets at Elsa Breccia

• Copper/gold Porphyry potential within tenement package

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[Rasuhuilca Silver-Gold Project, Peru ] Milestones and Project Outlook

PROJECT ACQUISITION

Dec 2011: Heads of agreement to acquire Rasuhuilca from Gold Mines of Peru June 2012 : Transaction complete

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PROJECT PRODUCTION DEVELOPMENT July 2012 – 2013 Planned 2014, small tonnage mine production

	2012	2012	2012	2013	2013	2013	2013	2014
	(Q2)	(Q3)	(Q4)	(Q1)	(Q2)	(Q3)	(Q4)	(Q1 -4)
Project acquisition completed
Review of feasibilitystudy
Explorationpermitting
Diamond drillingcommences
Initialisation of EIS
Release update on feasibilitystudy
Mine developmentplanning
Production

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[Location of Rasuhuilca Project, Southern Peru ]

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Location map and mine site, view looking south-west showing access roads and location of mine adits into orebody at Rasuhuilca, Peru.

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Rasuhuilca Existing Resource

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Existing resource of 360,000t @ 1.97g/t Au and 179g/t Ag[5 ]

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Long section from East to West along the Rasuhuilca zone showing the Underground Workings and Current Resource

5 Refer ASX Release 25 January 2012

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[Rasuhuilca System with local veins, faults ] and alteration system

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[Rasuhuilca Exploration Targets ] Marcelita Vein system and Elsa Breccia

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Western Australia Projects

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Western Australian Projects Project Location Map

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Lennons Find Base Metal Project Lennons Find, Western Australia

• 117% Resource upgrade at Lennons Find Project to 1.80Mt @ 82g/t silver, 0.26g/t

• gold, 0.2% copper, 1.4% lead and 5.1% zinc in combined Indicated and Inferred categories[6 ]

• Significant intercepts outside the boundary of the current resource confirms

• Laconia’s view that the Company will be able to significantly increase the resource base at Lennons Find

• Preliminary Metallurgical test work indicates that the Cu and Zn metals are leachable

• by sulphuric acid leach followed by cyanide leach to extract Au and Ag

• Further testwork on bulk samples from the Oxide resource is in progress

6 Refer to ASX Release 19 Jan 2012

All cut offs based on an X % Zn Eq are conceptual in nature only. There has been insufficient metallurgical test work to date to determine eventual metallurgical recoveries and it is uncertain that the conceptual cut offs used below will be appropriate following further metallurgical test work .

______________________ Note 1: For Oxide resources the Bronze Whaler deposit is reported above a conceptual 1% Zn Eq cut off, the Hammerhead deposit is reported above a conceptual 2% Zn Eq cut off and the Tiger deposit is reported above a conceptual 4% Zn Eq cut off.

Note 2: For Sulphide resources the Bronze Whaler deposit is reported above a conceptual 1% Zn Eq cut off, the Hammerhead deposit is reported above a conceptual 2% Zn Eq cut off and the Tiger deposit is reported above a conceptual 4% Zn Eq cut off.

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Breakdown of Lennons Find Resource Estimate as at January 2012

	Deposit	Ore Type	Tonnes (t)	Au (g/t)	Ag (g/t)	Cu (%)	Pb (%)	Zn (%)
Indicated	Bronze Whaler	Oxide	30,000	0.29	60	0.3	0.9	0.2
	Hammerhead	Oxide	140,000	0.41	95	0.2	1.3	1.8
	Tiger	Oxide	20,000	0.18	93	0.1	0.9	0.8
	Total - Indicated	Oxide	200,000	0.37	89	0.2	1.2	1.4
Inferred	Bronze Whaler	Sulphide	150,000	0.15	33	0.1	0.7	1.5
	Hammerhead	Sulphide	1,400,000	0.27	87	0.2	1.6	6.1
	Tiger	Sulphide	50,000	0.03	36	0.1	0.3	2.8
	Total - Inferred	Sulphide	1,600,000	0.25	81	0.2	1.5	5.6
Total	Bronze Whaler		180,000	0.18	37	0.1	0.7	1.3
	Hammerhead		1,600,000	0.28	88	0.2	1.6	5.7
	Tiger		70,000	0.08	55	0.1	0.5	2.2
	Total - Lennons Find		1,800,000	0.26	82	0.2	1.4	5.1

Note 1: For Oxide resources the Bronze Whaler deposit is reported above a conceptual 1% Zn Eq cut off, the Hammerhead deposit is reported above a conceptual 2% Zn Eq cut off and the Tiger deposit is reported above a conceptual 4% Zn Eq cut off.

Note 2: For Sulphide resources the Bronze Whaler deposit is reported above a conceptual 1% Zn Eq cut off, the Hammerhead deposit is reported above a conceptual 2% Zn Eq cut off and the Tiger deposit is reported above a conceptual 4% Zn Eq cut off.

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701 Mile Project Update

80% Laconia – excluding manganese and iron ore, Western Australia

• High-grade silver assays up up 20 g/t silver from surface auger work[7]

• Favourable magnetic structures and targets prospective for base metals, gold and uranium

• Project lies adjacent to a large crustal lineament interpreted to be continuation of the Tangadee Lineament

• Area hosts the ‘Kumarina’ and ‘Abra’ base metal deposits and IGO’s Karlawinda Bore Gold deposit[7]

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• 7 Refer ASX Release 10 July 2012

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Magnetite Mooletar, Western Australia

• Exploration Target of 220-260Mt @

• 30-35% Fe[8 ]

• Engenium report[9] identified the following key

• attributes of the project, including;

• Concentrate grade exhibits low impurities

• (additional testing required to confirm this)

• Project capable of producing Direct

• Reduction (DR) grade quality ore (70% Fe, <2% SiO2)

• Deposit in close proximity to supporting

• infrastructure in the mid-west region of WA

8The potential quantity and grade of the Mooletar Project is conceptual in nature and there has been insufficient drilling to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a mineral resource. Results in figure were previously reported in the ASX Release 16 Mar 2011.

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• 9 Refer to ASX announcement release 18 Nov 2010.

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Upcoming Activity Outlook

PERU

Rasuhuilca

• Underground sampling.

• Resource definition drilling.

• Upgrade of feasibility study pending results from the planned drilling.

• Community consultation - in progress

• Initiation of EIS and documentation required for Mining permitting

WESTERN AUSTRALIAN Lennons Find

• Reverse Circulation drilling targeting additional oxide resources.

• Field mapping and litho-geochemical studies.

• Column leach metallurgical test work on a bulk samples from oxide resources.

701 Mile

• Complete and Interpret infill auger sampling.

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Investment Summary

• Fast track to production in Peru

• Exploration review in Peru generating new targets;

o Additional targets on existing resource. o Gold/silver targets on high-grade mineralised vein systems o Copper/gold porphyry targets emerging form data review.

• JORC resources in West Australia and Peru

• Experienced Board and management team in Australia and Peru

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