Metals & Mining Sector Profile

Overview The Metals & Mining sector is the largest industry sector by number of companies with over 760 companies involved in mineral exploration, development and production across over 110 countries. The sector comprises several of the world’s largest diversified resource companies, including global giants such as BHP Billiton and Rio Tinto, as well as a representation of potential future industry leaders in the mid-tier producers and junior miners. The sector has always been reliant on equity markets to provide capital required for the capital intensive development of mineral projects or the funding of higher risk exploration to locate new deposits. Investors in the Australian market have supported over 400 new junior resource floats in the last 5 years.

Reasons to list Metals & Mining companies on ASX: • Access to capital: – A global market with a wide range of institutional and retail investors – Australia has the world’s third largest pool of investment fund assets*• A natural destination for international mining capital - a developed market in one of the world’s major mining regions• Peer Group: list alongside key industry players• Opportunities for SMEs: a broad service offering for early stage and mature companies

* Source: Investment Company Institute, Q2 2012

S&P/ASX 300 Metals and Mining vs S&P/ASX 200

Source: IRESS, January 2013

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Recent IPOs

ASX COMPANY SECTOR* LISTING CAPITAL MARKET CAP LEAD CODE NAME DATE RAISED ON LISTING MANAGER/S (A$ M) (A$ M) ATR Astron Corporation Limited Diversified Metals & Mining May-12 $- $153.1 n/a

CYY Crescent Resources Corp Diversified Metals & Mining Dec-12 $- $33.2 n/a

AYC A1 Consolidated Gold Limited Gold Jul-12 $8.1 $16.3 DWCorporate Pty Ltd

ATU Atrum Coal NL Diversified Metals & Mining May-12 $9.1 $12.2 Blackwood Capital

PNL Paringa Resources Limited Diversified Metals & Mining Dec-12 $10.0 $11.2 EL&C Baillieu

TGN Tungsten Mining NL Diversified Metals & Mining Dec-12 $5.1 $6.8 Patersons Securities Ltd

MTA Metals of Africa Limited Base metals May-12 $3.0 $3.5 Cunningham Peterson Sharbanee Securities Pty Ltd (trading as CPS Securities)

KTA Krakatoa Resources Limited Diversified Metals & Mining Dec-12 $3.0 $3.3 CK Locke & Partners, Stellar Securities

FOT Fortunis Resources Limited Diversified Metals & Mining Dec-12 $2.8 $2.9 n/a

MGB Magnolia Resources Limited Diversified Metals & Mining Nov-12 $2.5 $2.9 708 Capital P/L

* Source: Bloomberg

Metals & Mining Fact SheetTop 100 Stocks ASX COMPANY MARKET SUB-INDUSTRY^ COUNTRY OF CODE NAME CAPITALISATION INCORPORATION^ (A$ M)*

BHP BHP BILLITON LIMITED $182,047.2 Diversified Metals & Mining Australia RIO RIO TINTO LIMITED $98,563.4 Diversified Metals & Mining Australia NCM NEWCREST MINING LIMITED $18,289.9 Gold Australia FMG FORTESCUE METALS GROUP LTD $13,078.0 Steel Australia AAI ALCOA INC. $6,928.2 Aluminum USA ILU ILUKA RESOURCES LIMITED $3,353.8 Diversified Metals & Mining Australia RRL REGIS RESOURCES LIMITED $2,633.0 Gold Australia AWC ALUMINA LIMITED $2,330.4 Aluminum Australia OZL OZ MINERALS LIMITED $2,254.8 Diversified Metals & Mining Australia PNA PANAUST LIMITED $2,096.6 Diversified Metals & Mining Australia BSL BLUESCOPE STEEL LIMITED $1,917.4 Steel Australia SGM SIMS METAL MANAGEMENT LIMITED $1,889.7 Steel Australia AGO ATLAS IRON LIMITED $1,382.8 Steel Australia EVN EVOLUTION MINING LIMITED $1,295.8 Gold Australia SFR SANDFIRE RESOURCES NL $1,223.3 Diversified Metals & Mining Australia ARI ARRIUM LIMITED $1,175.8 Steel Australia MML MEDUSA MINING LIMITED $1,159.9 Gold Australia LYC LYNAS CORPORATION LIMITED $1,130.5 Diversified Metals & Mining Australia RSG RESOLUTE MINING LIMITED $1,093.1 Gold Australia IGO INDEPENDENCE GROUP NL $1,036.3 Diversified Metals & Mining Australia PRU PERSEUS MINING LIMITED $1,025.8 Gold Australia SDL SUNDANCE RESOURCES LIMITED $1,004.2 Steel Australia YAL YANCOAL AUSTRALIA LIMITED $944.5 Diversified Metals & Mining Australia ZIM ZIMPLATS HOLDINGS LIMITED $882.6 Precious Metals & Minerals Guernsey CGX CGA MINING LIMITED $868.4 Gold Australia CDU CUDECO LIMITED $848.4 Diversified Metals & Mining Australia OGC OCEANAGOLD CORPORATION $842.5 Gold Australia BDR BEADELL RESOURCES LIMITED $803.4 Gold Australia WSA WESTERN AREAS NL $799.5 Diversified Metals & Mining Australia SBM ST BARBARA LIMITED $795.6 Gold Australia DML DISCOVERY METALS LIMITED $790.1 Diversified Metals & Mining Australia MGX MOUNT GIBSON IRON LIMITED $766.1 Steel Australia SLR SILVER LAKE RESOURCES LIMITED $741.9 Gold Australia KCN KINGSGATE CONSOLIDATED LIMITED. $714.4 Gold Australia SPH SPHERE MINERALS LIMITED $654.8 Steel Australia NST NORTHERN STAR RESOURCES LTD $555.7 Gold Australia AGG ANGLOGOLD ASHANTI LIMITED $534.4 Gold South Africa IGR INTEGRA MINING LIMITED $485.9 Gold Australia GDO GOLD ONE INTERNATIONAL LIMITED $481.6 Gold Australia SIR SIRIUS RESOURCES NL $448.9 Gold Australia AQG ALACER GOLD CORP. $447.6 Gold Canada PIR PAPILLON RESOURCES LIMITED $423.6 Gold Australia MBN MIRABELA NICKEL LIMITED $398.8 Diversified Metals & Mining Australia TRY TROY RESOURCES LIMITED $371.7 Gold Australia TGZ TERANGA GOLD CORPORATION $371.4 Gold Canada SYR SYRAH RESOURCES LIMITED $369.5 Diversified Metals & Mining Australia GBG GINDALBIE METALS LTD $344.1 Steel Australia BCI BC IRON LIMITED $334.4 Steel Australia AQP AQUARIUS PLATINUM LIMITED $333.5 Precious Metals & Minerals Bermuda IMD IMDEX LIMITED $299.9 Diversified Metals & Mining Australia MDL MINERAL DEPOSITS LIMITED $292.4 Diversified Metals & Mining Australia GRR GRANGE RESOURCES LIMITED. $288.9 Steel Australia IVA IVANHOE AUSTRALIA LIMITED $285.4 Diversified Metals & Mining Australia IRN INDOPHIL RESOURCES NL $264.7 Diversified Metals & Mining Australia EVR ENDEAVOUR MINING CORPORATION $258.3 Gold Canada BOC BOUGAINVILLE COPPER LIMITED $256.7 Diversified Metals & Mining Papua New Guinea SAR SARACEN MINERAL HOLDINGS LIMITED $255.9 Gold Australia WDR WESTERN DESERT RESOURCES LIMITED $245.3 Diversified Metals & Mining Australia KRM KINGSROSE MINING LIMITED $240.8 Gold Australia

JMS JUPITER MINES LIMITED $239.6 Diversified Metals & Mining Australia ALK ALKANE RESOURCES LIMITED $238.4 Gold Australia BTU BATHURST RESOURCES LIMITED $237.1 Diversified Metals & Mining Australia PEM PERILYA LIMITED $230.8 Diversified Metals & Mining Australia GRY GRYPHON MINERALS LIMITED $227.3 Gold Australia GNM GUJARAT NRE COKING COAL LIMITED $220.1 Diversified Metals & Mining Australia GXY GALAXY RESOURCES LIMITED $219.9 Diversified Metals & Mining Australia SWA SWAN GOLD MINING LIMITED $219.3 Gold Australia NFE NORTHERN IRON LIMITED $215.6 Steel Australia CMR COMPASS RESOURCES LIMITED $210.6 Diversified Metals & Mining Australia MLX METALS X LIMITED $190.0 Diversified Metals & Mining Australia TGS TIGER RESOURCES LIMITED $188.6 Diversified Metals & Mining Australia BTR BLACKTHORN RESOURCES LIMITED $185.6 Diversified Metals & Mining Australia NGF NORTON GOLD FIELDS LIMITED $185.2 Gold Australia MCR MINCOR RESOURCES NL $179.7 Diversified Metals & Mining Australia ORE OROCOBRE LIMITED $173.1 Diversified Metals & Mining Australia EQX EQUATORIAL RESOURCES LIMITED $168.8 Steel Australia OMH OM HOLDINGS LIMITED $168.4 Diversified Metals & Mining Bermuda CFE CAPE LAMBERT RESOURCES LIMITED $165.4 Steel Australia TAM TANAMI GOLD NL $159.3 Gold Australia RMS RAMELIUS RESOURCES LIMITED $157.7 Gold Australia RED RED 5 LIMITED $157.2 Gold Australia HCH HOT CHILI LIMITED $155.7 Diversified Metals & Mining Australia MGO MARENGO MINING LIMITED $153.6 Gold Australia ATR ASTRON CORPORATION LIMITED $151.9 Diversified Metals & Mining Australia ABU ABM RESOURCES NL $151.0 Gold Australia ABY ADITYA BIRLA MINERALS LIMITED $148.9 Diversified Metals & Mining Australia BSE BASE RESOURCES LIMITED $145.7 Steel Australia GGG GREENLAND MINERALS AND ENERGY LIMITED $142.0 Diversified Metals & Mining Australia CZA COAL OF AFRICA LIMITED $140.2 Steel Australia FML FOCUS MINERALS LTD $138.3 Gold Australia IAU INTREPID MINES LIMITED $136.1 Gold Australia RXM REX MINERALS LIMITED $134.1 Diversified Metals & Mining Australia FMS FLINDERS MINES LIMITED $133.0 Steel Australia AOH ALTONA MINING LIMITED $131.8 Diversified Metals & Mining Australia IOH IRON ORE HOLDINGS LIMITED $122.5 Steel Australia MOY MILLENNIUM MINERALS LIMITED $121.6 Gold Australia PAN PANORAMIC RESOURCES LIMITED $121.0 Diversified Metals & Mining Australia HIG HIGHLANDS PACIFIC LIMITED $118.4 Diversified Metals & Mining Papua New Guinea ELM ELEMENTAL MINERALS LIMITED $117.7 Diversified Metals & Mining Australia HGO HILLGROVE RESOURCES LIMITED $117.6 Diversified Metals & Mining Australia

* Ranked by Market Capitalisation at 30 December 2012. May exclude companies with suspended securities or subject to poor liquidity where market capitalisation cannot be determined.

^ Bloomberg

Value traded – Metals & Mining

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Disclaimer: This is not intended to be financial product advice. To the extent permitted by law, ASX Limited ABN 98 008 624 691 and its related bodies corporate excludes all liability for any loss or damage arising in any way including by way of negligence. This document is not a substitute for the Operating Rules of the relevant ASX entity and in the case of any inconsistency, the Operating Rules prevail.

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Top 10 Secondary Issuers 2012

ASX CODE COMPANY NAME SECTOR* CAPITAL RAISED (A$ M)

OGC OceanaGold Corporation Gold $270.6

WSA Western Areas Limited Diversified Metals & Mining $190.0

LYC Lynas Corporation Limited Diversified Metals & Mining $165.2

BCI BC Iron Limited Steel $155.9

SRQ Straits Resources Limited. Diversified Metals & Mining $140.2

MBN Mirabela Nickel Limited Diversified Metals & Mining $120.2

CDU Cudeco Limited Diversified Metals & Mining $119.9

SIR Sirius Resources NL Diversified Metals & Mining $116.5

WDR Western Desert Resources Limited Diversified Metals & Mining $110.9

ALK Alkane Resources Limited Gold $106.9

* Source: Bloomberg

Capital Raised – Metals & Mining

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