1. MZI Presentation to Mining in the Territory Tiwi Islands Project By Peter Gazzard

2. 1. Company Summary 2. Project Location 3. Relationship with Tiwi People 4. Tiwi Summary 5. Lethbridge South 6. Kilimiraka 3. ASX: MZI | PAGE 3 1. Company Summary MZI Resources Limited (MZI) was listed on the ASX in 2004 Specialises in mineral sands exploration and mining Projects in The Northern Territory and Western Australia Tiwi Island tenements and processing plant were purchased from Matilda Minerals in 2009 MZI Resources name changed from Matilda Zircon Limited in August 2012 4. ASX: MZI | PAGE 4 2. Project Locations Kilimiraka Large Resource Approvals commenced Mining planned for late 2014 Keysbrook Leucoxene / Zircon deposit FS by end Q3 2012, production late 2013 8-year LOM 70km from Perth Lethbridge Bay Lethbridge South in production Lethbridge West mined in 2010 High value Zircon/Rutile mines Tiwi Islands 5. ASX: MZI | PAGE 5 Tiwi Islands Project Locations 6. ASX: MZI | PAGE 6 3. Relationship with Tiwi People MZI has a good relationship with the Tiwi Island people and the Tiwi Land Council MZI pays landowner payments for the right to mine on Tiwi Land MZI supports the Tiwi College and will sign a covenant to support training and employment of the Tiwi people 7. ASX: MZI | PAGE 7 4. Tiwi Summary Lethbridge South Large inferred resource identified from drilling in early 2011 Approvals process commenced Plan to commence production in 2014 or 2015 Andranangoo and Lethbridge West Andranangoo mined by Matilda Minerals Ltd from 2006 2008 Lethbridge West mined by MZI in 2010 Andranangoo and Lethbridge West rehabilitation completed and regrowth well established Both sites periodically checked for weeds and any weeds removed Kilimiraka Current Minesite Mining commenced in February 2012 Mining planned to finish in late 2012 8. ASX: MZI | PAGE 8 5. Lethbridge South Overview Mine and plant development cost only $5m Simple mining - no overburden and low in rock and clay Gravity separation to produce a heavy mineral concentrate (HMC) High value concentrate contains approximately 40% zircon and 50% rutile First HMC shipments completed in May and August Third shipment scheduled for August and November 2012 Mining and processing will be completed by late 2012 Off-take agreement with Tricoastal (Chinas largest mineral sands processor and key shareholder) for the rutile/zircon concentrate Lethbridge West Lethbridge South 9. ASX: MZI | PAGE 9 Lethbridge South not all plain sailing Major fire in the Lethbridge South processing plant just prior to planned start-up in June 2011 Rebuilt in six months using insurance Started up in February 2012 10. ASX: MZI | PAGE 10 Lethbridge South Performance Lethbridge South performance has been very strong Sales prices of zircon and rutile remain high ($2,000 - $2,500 per tonne) The project is generating strong cash flow Lethbridge South Production to June 2012 Ore mined 606,566 tonnes Concentrate production 9,850 tonnes Concentrator Feed Grade 1.85% hm Concentrate Grade 92.4% hm Recovery of Zircon 96.4% Recovery of Rutile 90.6% Concentrate Shipped 6,496 tonnes 11. ASX: MZI | PAGE 11 Lethbridge South Mining 12. ASX: MZI | PAGE 12 Mining process Excavation Loading into the hopper Concentrator Conveyor loading the barge Tug taking the barge to ship RehabilitationRehabilitation 13. ASX: MZI | PAGE 13 6. Kilimiraka Overview Resource is hosted in a large series of sand dunes on the south west corner of Bathurst Island Inferred Resource of 56.2 million tonnes containing 890,000 tonnes of heavy minerals. 1.6% hm grade No overburden, low rock and clay Likely mined using the low cost dozer trap method Potential mine life 8-10 years mining at 700 tph Environmental approval process commenced NT/heritage clearance process commenced Timing: further drilling program and scoping study by mid 2013, Feasibility Study Q4 2013 Kilimiraka Dunes Kilimiraka Mineral Rich Sands Drilling at Kilimiraka 14. ASX: MZI | PAGE 14 Important Notice Disclaimer This presentation has been prepared by the management of Matilda Zircon Limited (the Company) for the benefit of investors and not as specific advice of any particular party or person. The information is based on publicly available information, internally developed data and is based on the assumptions and limitations mentioned herein and is an expression of present opinion only. No warranties or representations can be made as to the origin, validity, accuracy, completeness, currency or reliability of the information. The Company disclaims and excludes all liability (to the extent permitted by the law), for losses, claims, damages, demands, costs and expenses of whatever nature arising in any way out of or in connection with the information, its accuracy, completeness or by reason of reliance by any person on any of it. Where the Company expresses or implies an expectation or belief as to the success of future exploration and the economic viability of future projects, such as expectation or belief is based on managements current predictions, assumptions and projections. However, such forecasts are subject to risks, uncertainties or other factors which could cause actual results to differ materially from future results expressed, projected or implied by such forecasts. Such risks include, but are not limited to, exploration success, gold and copper price volatility, changes to the current mineral resource estimates, changes to assumptions for capital and operating costs as well as political and operational risks and government regulation outcomes. For more detail of risks and other factors, refer to the Companies other Australian Securities Exchange announcements and filings. The Company does not have any obligation opt advise any person if it becomes aware of any inaccuracy in, or omission from, any forecast or to update such forecast. Forward-Looking Statements This presentation contains forward looking statements concerning the projects owned by Matilda Zircon Limited. Statements concerning mining reserves and resources may also be deemed to be forward looking statements in that they involve estimates based on specific assumptions. Forward-Looking statements are not statements of historical fact and actual events and results may differ materially from those described in the forward looking statements as a result of a variety of risks, uncertainties and other factors. Forward Looking statements are based on Managements beliefs, opinions and estimates as of the dates the forward looking statements are made and no obligation is assumed to update forward looking statements if these beliefs, opinions and estimates should change or to reflect other future developments. Data and amounts shown in this presentation relating to capital costs, operating costs and project timelines are internally generated best estimates only. All such information and data is currently under review as part of Matilda Zircon Limiteds ongoing development and feasibility studies. Accordingly, Matilda Zircon Limited cannot guarantee the accuracy and/or completeness of the figures or data included in the presentation until the feasibility studies are completed. Competent Persons Statement The information that relates to resources or reserves of Matilda Zircon has been prepared by Mr John Baxter, Consultant Geologist and Mr Peter Gazzard, Matilda Technical Director. Mr Baxter is a member of Australian Institute of Geoscientists and Mr Gazzard is a member of the Australasian Institute of Mining and Metallurgy. Messrs Baxter, and Gazzard have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as Competent Persons as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Messrs Baxter and Gazzard consent to the inclusion of the matters based on their information in the form and context in which it appears.