MacPhersons Resources Limited- Resources & Energy Symposium 2012

RES Broken Hill Symposium

May 2012

May 2012 – RES Broken Hill Symposium

Disclaimer • The information contained in this presentation has been prepared by MacPhersons Resources Ltd (MRP).

This presentation is not an offer, invitation, solicitation or other recommendation with respect to the

subscription for, purchase or sale of any securities in MRP. This presentation has been made available for

information purposes only and does not constitute a prospectus, short form prospectus, profile statement or

offer information statement. This presentation is not subject to the disclosure requirements affecting

disclosure documents under Chapter 6D of the Corporations Act.

• While the information contained in this presentation has been prepared in good faith, neither MRP nor any

of its directors, officers, employees, agents or advisors give any representation or warranty, express or

implied, as to the fairness, accuracy, completeness or correctness of the information, opinions and

conclusions contained in this presentation. Accordingly, to the maximum extent permitted by law, none of

MRP, its directors, officers, employees, agents, advisers, nor any other person accepts any liability whether

direct or indirect, express or limited, contractual, tortuous, statutory or otherwise, in respect of the accuracy

or completeness of the information or for any of the opinions contained in this presentation or for any errors,

omissions or misstatements or for any loss, howsoever arising, from the use of this presentation.

• This presentation may contain statements that may be deemed ‘forward looking statements’. Forward risks,

uncertainties and other factors, many of which are outside the control of MRP, can cause actual results to

differ materially from such statements. Such risks and uncertainties include, but are not limited to,

commodity price volatility, increased production costs and variances in ore grade recovery rates from those

assumed in mining plans, as well as political and operational risks and governmental regulation and judicial

outcomes. MRP makes no undertaking to update or revise such statements, but has made every endeavour

to ensure that they are fair and reasonable at the time of making the presentation.

• Investors are cautioned that any forward looking statements are not guarantees of future performance and

that actual results or developments may differ materially from those projected in any forward looking

statements made.

• Exploration targets are conceptual in nature and drilling may not convert these to resources.

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May 2012 – RES Broken Hill Symposium 3


Corporate

ASX Code: MRP

ASX Listed: 24 December 2010

Ordinary Shares: 215 million

Unlisted Options: 22 million

Market Cap: A$75m at 35 cents

Cash: A$11m

Projects

100% Nimbus Silver-Gold-Zinc VHMS

100% Boorara/Coolgardie Gold Assets

Substantial Shareholders

Directors/Management: 37%

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MRP

XMM


Nimbus Statistics (2007 – by private company) Tonnes: 318,992 tonnes Average Grade: 352 g/t silver Production: 3.6 Moz silver Operating Cost: $6.54 / oz Average Sell Price: $9.07 / oz

2012 Price: $30-$37 / oz (90 day range) 9.4 Moz Silver & 32,700 tonnes Zinc 9 additional Ag and polymetallic deposits

Bund Wall ~R3 Optimised Pit Model


Nimbus Video

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Our Opportunities – 9 Deposits

JORC Mineral Resource 9.4 Moz Ag + 32.7Kt Zn

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Mineral Resource Category Tonnes Grade (g/t Ag) Ounces Ag

Measured Stockpile 142,000 65 0.3M

Inferred Oxide 120,000 75 0.3M

Inferred Transitional 510,000 125 2.1M

Inferred Primary to 260m depth 1,690,000 124 6.7M

TOTAL 2,462,000 119 9.4M

+ 32.7KT Zinc




Third VHMS Lens Potential

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In Progress


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Target – Leading Silver Producer

Current Mill Capacity – 180ktpa 2013 – Mill Expansion – 480ktpa 2014 – Sulphide Plant – Zinc Conc


Nimbus Exploration Potential


Merged Big Pit on 2014 Zinc

R10 / Pit shell 28 - $124M uNPV

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Third Lens Potential Pit

$30/oz Ag - $ 91M uNPV $35/oz Ag - $124M uNPV $40/oz Ag - $151M uNPV 2014 Zn/Ag - $240M uNPV


Silver Resource Target

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Boorara Gold Project


Key Assets - Points of Difference

• Move to Producer

• Polymetallic

• Silver - Gold - Zinc

www.MRPresources.com.au

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ASX: MRP

Price: 35 cents

Mkt Cap: A$75m


Supporting Information

• The following slides provide supporting information


Chairman (Executive)

Ashok Parekh

BBus, FCA, AIMM, FTIA

Chartered Accountant

33 years experience

Coordinates assets for IPOs

Managing Director (Executive)

Morrie Goodz

MSc (Mining Geol), MBA, FAIMM

Cert Mine Manager

Geologist – 34 years experience

Discovered/designed 4 decline mines

Non-Executive Director

Jeffrey Williams

BSc (Mining Eng), MBA, FAIMM

Mining Engineer – 39 yrs experience

Founder – Mineral Deposits (MDL)

Company Secretary

Stephen Hewitt-Dutton

BBus, CA, SA Fin

Chartered Acct – 18 years experience

Specialist – Mergers & Acquisitions

Operations Management

Ron Ellis

BSc (Mining Eng)

Cert Mine Manager

25 years experience

Manager of Operating Mines

Project Metallurgist

Adrian Hall

BSc (Extractive Metallurgy)

10 years experience

Commissioned 4/6 processing facilities

People

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Competent Person Statement

The information in this presentation that relates to mineral resources and

exploration results is based on information compiled by Mr Morrie Goodz,

who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr

Morrie Goodz is a full time officer of MacPhersons Resources Ltd and 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 Goodz has given his consent

to the inclusion in this presentation of the matters based on the

information in the form and context in which it appears.

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Elephant Country

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Target Plan to Production

• Nimbus Silver-Gold-Zinc Mines

Mill recommission – 2012

New Merrill Crowe – Q1 2013

Pit cutbacks and tailings processing

9 Massive Sulphide VHMS lenses

2012 - 2014

• Boorara – Coolgardie Gold Projects

Tycho pit optimisation and mine plan

MacPhersons JORC update

Boorara – Mt Monger shear zones

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Discovery Pit


Silver Bars produced at Nimbus

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Classified Resources

Unclassified Resources 200 - 1000 g/t silver

Potential to Increase Resources

Along Strike to Discovery Pit


Measured Resource



Third VHMS Lens

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Nimbus Silver Pits

• Mining completed 2006 - 2007 to top of supergene zone

• 3.6 million ounces silver at 352 g/t (11.4 oz/t silver or 9 g/t gold equiv)

• Ore was still exposed in all 4 leading pit faces and pit floor



Boorara Proposed Open Pit

Wireframes >350 g/t Silver Significant gold deposit

within 2km of Nimbus

7m @ 112g/t gold

(incl 1m @ 738g/t gold)

500m north of CAT

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Coolgardie Gold Project

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Coolgardie Gold Project

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February 2012 – Corporate Update

Pit Design Study Under Way

Q4 2011 Projects

• Tycho JORC Update

• Metallurgical Testwork

• Pit Model Study

• Complete MacP Drill Program

Tycho Pit Optimisation

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Blue and white blocks are classified resource


Video Flyover (on-line)

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Business

MacPhersons Resources Limited- Resources & Energy Symposium 2012