Indophil Resources NL | Level 3, 411 Collins Street | Melbourne VIC 3000 | Australia

T +61 (0)3 8620 5800 | F +61 (0)3 8620 5888 | W www.indophil.com

ASX Release ASX Code: IRN

7 March 2012

ACN 076 318 173

INVESTOR PRESENTATION

Indophil Resources is pleased to release its latest investor presentation. This presentation will be used for both Australian and International investor roadshows. For further information on Indophil Resources, please visit our website at www.indophil.com. Kay Donehue Company Secretary

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Overview and update

Investor presentation

Indophil Resources NL

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Investor presentation

7 March 2012

www.indophil.com

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Important notice

This presentation contains certain statements which may constitute "forward-looking statements". Such statements are only predictions and are subject to inherent risks and uncertainties which could cause actual values, results, performance or achievements to differ materially from those expressed, implied or projected in any forward-looking statements. No representation or warranty, express or implied, is made by Indophil Resources NL (the Company) that the material contained in this presentation will be achieved or prove to be correct. Except for statutory liability which cannot be excluded, each of the Company, its officers, employees and advisers expressly disclaims any responsibility for the accuracy or completeness of the material contained in this presentation and excludes all liability whatsoever (including in negligence) for any loss or damage which may be suffered by any person as a consequence of any information in this presentation or any error or omission there from. The Company accepts no responsibility to update any person regarding any inaccuracy, omission or change in information in this presentation or any other

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person regarding any inaccuracy, omission or change in information in this presentation or any other information made available to a person nor any obligation to furnish the person with any further information.

The information in this presentation that relates to mineral resource estimates is based on information compiled by the Tampakan Project geology team in the Philippines and the Xstrata Copper resource evaluation team in Santiago de Chile. The mineral resource information was developed and compiled under direction of Raul R Roco, a full-time employee of Xstrata Copper and a Member of the Australasian Institute of Mining and Metallurgy (AusIMM). Raul Roco is the Competent Person as defined in the 2004 edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ for the Tampakan mineral resource statement issued by Indophil on 27 January 2012. Raul Roco consents to the geological interpretation as provided in this presentation and as contained in Indophil’s announcement to the ASX on 27 January 2012. For detailed information, refer to that ASX announcement.

* All currencies in Australian dollars unless stated otherwise.

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Indophil - corporate information

� ASX listed: code IRN

� Issued shares: 1,203m

� Market cap: approx $480m (@ 40 cps)

� Cash backing per share: 22 cps

� Directors:N/E Chairman - Brian Phillips

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N/E Chairman - Brian PhillipsCEO/MD - Richard Laufmann Executive Director - Tony RobbinsN/E Director - Kyle WightmanN/E Director - David CarlandN/E Director - Nicasio AlcantaraN/E Director - Walter Wassmer

Alsons Group = 19.99% (BDO Unibank = 17.26% beneficial interest through Alsons),Xstrata = 13.06%; L1 Capital 8.81%; Acorn Capital = 8.41%

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Indophil – private placement/alliance

� The rationale: strengthen our alliances in the Philippines

� Alsons / BDO Unibank

� Two tranches to the placement: total US$99.4m

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� Both tranches at premium to pre-announcement share

price

� Two new Philippine Directors join the Indophil Board

� Indophil to dual list – Australia and the Philippines

� First ever dual listingFor

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Indophil - overview

� Major asset is world class – the Tampakan Copper-Gold Project *

� New mineral resource estimate: 2.94Bt @ 0.51% copper (JORC)

� Contains: 15.0Mt copper and 17.6Moz gold

� Xstrata 62.5%, Indophil 37.5%

� A non-Tampakan Philippine exploration portfolio

� Emphasis on copper and gold:

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� Emphasis on copper and gold:

� Strong balance sheet

� Net cash: approximately $255 million

* Tampakan is held under a contract (the Columbio FTAA) to the Philippine Government,

on behalf of the people of the Philippines.

Itogon (gold) Balatoc (copper/gold)

Manat (gold) Bunawan (copper/gold)

Buda & Mt Kinabalin (copper/gold)

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Tampakan – milestones

1992 Discovered by WMC (Western Mining Corporation)

1997 WMC completes 1st Scoping Study and Pre-Feasibility Study (PFS)

Dec 2001 Columbio FTAA (Tampakan project) transferred to Indophil

April 2006 Resource upgrade (1.97Bt @ 0.6% copper)

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Sept 2006 Indophil completes 2nd PFS – on time, on budget

April 2009 Xstrata completes Extended PFS – Final Feasibility commences

Oct 2009 Resource upgrade (2.49Bt @ 0.6% copper)

April 2010 Mine Project Feasibility Study (US$74m) lodged with Philippine Govt

Jan 2012 Resource upgrade (2.94Bt @ 0.51% copper)For

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The open pit ban – where are we now?

� In the shadow of an unresolved provincial ban on open pit mining . . .

� The level of uncertainty and ‘risk’ in Philippines mining has been of concern (in the eyes of Western-based investors)

� As foreign mining houses, governments and business chambers urge Philippine national government intervention

� For an issue that is seen domestically as ‘local politics’, yet contrary

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� For an issue that is seen domestically as ‘local politics’, yet contrary to national law (Mining Act 1995)

� Presenting us with – a cultural difference of opinion that we (and the Philippine Government) believe WILL be resolved in a timely manner

� And we welcome the recent engagement of the Philippine Government in brokering a solution – we now have the government’s full attention via a mining policy review processFor

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And what other challenges do we face?

� Mine environmental approval process lagging –

conditional deferral (re: open pit)

� Motion for reconsideration filed 27 January 2012

� The Panel – government mining policy review

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� The Panel – government mining policy review

� President Aquino due to report soon

� Resettlement in the project area

� Security, safety of our people

� Anti-mining, anti-foreign investment lobbiesFor

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Where is Indophil going from here?

� Indophil has the funds to carry it beyond 2012 and onto

‘commitment to proceed’ (first production still scheduled for 2016)

� So we will maintain a direct and active interest in

development of Tampakan which is our flagship asset

� With underlying support from our Filipino ‘coalition’ of

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� With underlying support from our Filipino ‘coalition’ of

Alsons/Alcantaras (and now BDO Unibank), San Miguel Corporation and Philex Mining

� And we remain open to discussions to improve

shareholder value through involvement of others who

recognize the long-term value of copper

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The value proposition (USD)

� At recent (after private placement and including upgraded mineral resource estimate)

share price*, Indophil is valued at 4.1c/lb copper in-the-ground (CIG) – valued at 1.9c/lb CIG after factoring in cash

� In mid-2008 (when indicative bids at or near A$1.28) – 6.2c/lb CIG (strong USD

and significantly fewer shares on issue)

� CIG comparisons (equity holding – copper only):

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� CIG comparisons (equity holding – copper only):

Metminco – 4.4c/lb

(3.7c**)

Highlands Pacific – 7.4c/lb

(7.0c**)

B’ville Copper – 5.5c/lb

(5.5c**)

Tiger Resources – 17.8c/lb

(17.5c**)

Intrepid Mines – 5.8c/lb

(4.5c**)

Pan Aust – 22.8c/lb

(21.1c**)

* Prices in US currency. A$1 = US $1.08 rate of exchange. Share prices as at COB 2 March 2012

** Calculated after cash

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Tampakan – location

Lake

Buluan

Davao Gulf

Davao Del Sur

Sultan Kudarat

Maguindanao

Korondal

Columbio Matanao

Kiblawan

Tampakan

TampakanCopper - Gold

Project

Columbio FTAA

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Sarangani Bay

20KMSarangani

SouthCotabato

Manila

MINDANAO

TampakanCopper - Gold

Project General Santos City Province Bdys

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Tampakan geology (2002)

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Tampakan geology (mid 2011)

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Tampakan resource estimate

MtCu

(%)

Au

(g/t)

Mo

(%)

Cu

(Mt)

Au

(Moz)

Measured (M) 980 0.69 0.28 .008 6.8 8.8

Indicated (Ind) 1,290 0.45 0.16 .006 5.8 6.6

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Indicated (Ind) 1,290 0.45 0.16 .006 5.8 6.6

Inferred (Inf) 670 0.4 0.1 .005 2.7 2.15

Combined: M+Ind+Inf

2,940 0.51 0.19 .006 15.0 17.6

@ 0.2% copper cut-off grade. Note roundings on M+Ind+Inf contained Cu & Au estimates.

Related JORC ‘Competent Person’ Statement is available on Indophil’s website (27 January 2012).

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The prize – feasibility study (1)

� For the geologists: A major high-sulphidation epithermal

copper-gold deposit super-imposed on a pre-existing

porphyry copper-gold system

� A start-up mining and milling rate of 66Mtpa

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� A start-up mining and milling rate of 66Mtpa

� Life-of-mine average production (first 17 years) of:

� 375,000 tonnes per annum (tpa) of copper (contained in concentrate);

� 360,000 ounces per annum (ozpa) of gold; and

� First 5 years: 450,000 tpa copper and 435,000 ozpa gold

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The prize – feasibility study (2)

� Capital of US$5 billion plus power station ($900m)

� Milling recovery rate of:

� 60-66% for gold

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� 79-86% for copper

� With ongoing improvement in recoveries

� And a copper concentrate grade target of 28-35%

� Attractive operating strip ratio of approx 1:1

� Proposed mine tenement area of 10,000 hectares

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What Tampakan means to the Philippines

� At US$5.9bn, development of Tampakan is the biggest

Foreign Direct Investment project in Philippine history

� US$37 billion contribution to Philippine economy over

initial mine life (includes US$8bn in taxes and royalties)

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� Adding 1% per annum (pa) to Philippine GDP during

construction and 1% pa during operations

� In production, Tampakan is expected to deliver more than

10% of regional GDP

� 10,000 jobs in construction and 2,000 in productionFor

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Tampakan – mine site layout

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Community

• In 2011, the Tampakan project contributed more than US$42m to the Philippine economy

• With more than US$1.5m invested on local community development projects

• Working relationships developed through extensive community programs such as:

• Community development and infrastructure

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• Community development and infrastructure

• Health services (to 32,616 people per annum)

• Education (support to 12,872 students)

• Skills training (1,191 people)

• Support/cooperation agreements in place with local government units and indigenous peoples groups

• Current jobs: 393 employees, 888 contractors

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Environment - Tampakan

• Philippine President’s Award (Environment)

• 2004, 2006, 2009, 2010 and 2011

• Environmental Impact Assessment studies

• EIS for FTAA completed and submitted

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• EIS for FTAA completed and submitted

• Awaiting government approval

• Other ESIAs in pipeline

• Environmental guidelines and programs developed

• Community-based environmental monitoring

programs

• Comprehensive land use plans in place

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• Mine Final Feasibility (submitted) 2010

• ECC* applications (environment) 2011-12

• FPIC* (community) 2011-12

• ESIAs* (various) 2011-12

Projected timeline for Tampakan

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• ESIAs* (various) 2011-12

• DMF* expectation (approval) 2012-13

• Construction program (start up) 2013

• First production 2016

* ECC = Environmental Compliance Certificate. FPIC = Free Prior Informed Consent. ESIAs = Environmental and Social Impact Assessments. DMF = Declaration of Mining Feasibility

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In closing . . .

� Tampakan is world class – by any measure

� Indophil has 37.5% of Tampakan – a strategic stake

� Exposure to a large-scale, low-cost, near-production copper producer is rare

� Especially inside a small / mid-cap public company

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� Indophil has forged powerful alliances in the Philippines

� But needs to de-risk on open pit ban and ‘commitment to proceed’ with development – and win other battles (eg: environmental approval)

� Value proposition: Indophil is worth more than its current rating

� Strategy: Harness alliances, make progress, target 2016 production

� And deliver a solid return on investment for Indophil shareholdersFor

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For further information, please contact:

Gavan Collery

VP Corporate Affairs

Indophil Resources NL

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VP Corporate Affairs

Indophil Resources NL

Ph: (office) +61 (3) 8620 5803

(mobile) +61 (0) 419 372210

(email) ‘gavan.collery@indophil.com’

www.indophil.com

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Thank you

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