CPA Australia Mining & Energy Conference

14th November 2013 – Gold Coast

Resources Outlook Asia and Australia

The Best is Yet to Come

Owen Hegarty Vice Chairman – G-Resources Group

Chairman - Tigers Realm Minerals Chairman – EMR Capital

Non-Executive Director – Fortescue Metals Group Director - The AusIMM

Australia and Asia are locked in a virtuous circle of

economic growth and prosperity of which the

resources industry is a driver and a beneficiary

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DEMAND Resources demand will

continue to grow strongly

PROSPECTIVITY The region is highly

prospective and is still under-explored

PEOPLE Generally abundant. But skilled labour is crucial for success

TECHNICAL CAPABILITY

Australia leads the world in resources

capability and technology

CAPITAL Becoming

increasingly available within the

region

SUPPLY Will be constrained.

Reducing regulation will help.

China and Asia are the engine rooms for multi-decade

economic growth

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■ China and other emerging nations are driving

demand for resources as their economies develop

and pass the point of economic take-off to

sustainable growth.

■ The region is experiencing rapid and rolling growth

in urbanisation.

■ The surge in infrastructure developments will

continue.

■ Asia is in the ‘metal intensive’ stage of economic

development.

■ The burgeoning middle class is accelerating

consumption and we will see gradual structural re-

shaping.

■ In China especially – the social imperative for

continued growth

Shengxian Lake

Chengdu Railway Station

Renmin Road North

Wenshu Monastery

Luomashi

Tianfu Square

Huaxiba

Sichuan Olympic Stadium

Nijiaqiao

Tongzillin

South Chengdu Railway Station

Jinjiang Hotel

Hi-Tech Zone

Financial City

Incubator Park

Ocean Park

Century City

1

1

2

2

Chengdu Subway Tokyo Subway

People’s President

Indonesia: The New Rising Tiger

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■ Stable and growing economy

■ Rich in resources with track record of development

■ Large, young population

■ Internationally well connected

India: Pockets of Regional Prosperity High Growth States

5 Source: World Bank

■ The state accounted for 15% of the national industrial output and 35% of total FDI into India for the year 2012

■ The state capital Mumbai is the Business and Financial hub of the country

■ Existing major ports - Mumbai Port & Jawaharlal Nehru Port

■ The average annual GDP growth rate for 2006-2011 is 10.1 %

Maharashtra – ppl: 112 million (9.3 % of national population)

■ Well developed industries in gas, petrochemicals, biotechnology, gems & jewellery

■ Economic hubs and export processing zones have been developed around these industries

■ Top exporter in the country with 25% share of total exports from the country

■ Developed the Charanka Solar Park which is the largest in Asia

■ The average annual GDP growth rate for 2006-2011 is 12.6 %

Gujarat - ppl: 60 million (5.0 % of national population)

■ Leader in automobile and auto-components

■ Textiles is a sunrise sector

■ Qualified and skilled workforce

■ Most urbanised state in India enabling upward social mobility

■ Leader in research and development (R&D) of water treatment plants

■ The average annual GDP growth rate for 2006-2011 is 9.9 %

Tamil Nadu – ppl: 72 million (6.0 % of national population)

■ Strong knowledge based economy with skilled workforce

■ Has several premier educational and research institutions

■ Bangalore is the Information Technology (IT) outsourcing capital of the world

■ Manufacturing hub for some of the largest public sector industries in India

■ The average annual GDP growth rate for 2006-2011 is 8.4 %

Karnataka – ppl: 61 million (5.1 % of national population)

Excellent regional prospectivity

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■ The region is abundant with resources and

underexplored

■ Asia-Australasia contains numerous resource

bearing mineral provinces (eg. Cu-Au-Mo)

■ Within this region the mineral provinces of

south-west Pacific contain the greatest

concentration of world class deposits

■ The north-west Pacific has identical tectonics

but lower levels of modern exploration

■ Despite multiple world class belts and giant

deposits there has been comparatively low

levels of exploration in SE Asia – SW Pacific

■ Australia & Americas subjected to decades of

sustained exploration

■ Western Pacific exploration commenced in

1960’s and has been sporadic since

Au

Cu-Au

Cu-Au-Mo

Asia-Australia copper - gold provinces

Exploration, Discovery &

Resource Definition

Scoping, PFS, DFS, BFS & Financing

Project Development

& EPCM

Sustainable Operations, Environment, Community

Continuous Improvement

& Growth

• Automation, robotics and remote sensing – leads to greater productivity, safety and efficiency.

Automation

• Energy availability and pricing issues have driven a renewed focus on energy efficiency.

Energy Efficiency

• Greater scale of projects and operations have been driven by demand growth, lower grades and increasing real costs.

Scale Efficiencies

• In Australia particularly, the new ore bodies will be deeper. Innovative methods have been developed to discover and analyse deeper mineral deposits.

Deep Search

Australia’s existing world class technical capability...

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...and excellence in innovation. Bulk sensing

Scale efficiencies

Solar PV

Deep search

■ Major Asian Stock Exchanges have grown at a faster

pace than their developed peers.

■ Hong Kong IPO market is the most active globally.

From 2009 – 2012, more than US$130bn raised

through 250 listings

■ Chinese outbound investment will continue to set

records

■ Asia continues to attract significant M&A activity and in

2012 accounted for 21% of global M&A activity. And

Asia leads the world in terms of investment

attractiveness going forward

Regional capital becoming increasingly available

Most attractive areas for geographic

expansion via M&A 2009-12 IPO Funds by Exchange

(US$bn)

Stock Exchange Performance

130

116

38 37

20

HK NYSE LSE NASDAQ STI

Source: Standard Chartered, Dealogic, MS, internal

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USAUSD 1.3 Billion

CANADAUSD 3.3 Billion

LATIN AMERICAUSD 17 Billion

EUROPEUSD 1.4 Billion

AUSTRALIAUSD 30 Billion

RUSSIAUSD 2.6 Billion

SOUTH EAST ASIAUSD 18 Billion

AFRICAUSD 23.2 Billion

ARABUSD 5.2 Billion

SOUTH ASIAUSD 7.7 Billion

*2005-30 June 2013. The above captures only investments above USD 100 million and therefore understates amount of Chinese investment in mining globally. Above also excludes potash investmentsSource: Heritage Foundation, USA

CHINA

China Outbound Investment in Mining

Supply Constraints -

Supply from Australia will continue to be constrained

■ Access to Land and Data Exploration and discoveries have been declining

Productivity Commission draft report a positive step

South Australia showing the way

Geoscience Australia key role

■ Access to Labour and Skills De-regulation not Re-regulation

Commitment to 457 Visa efficiency

■ Access to Infrastructure We a generation behind

Infrastructure Australia

■ Access to Capital Exploration Development Incentive

Greater access to Asian capital markets

■ Access to Markets For our products and our METS – now a + $20 billion industry

Free Trade Agreements

■ Above all we must a Competitive and Investor Friendly Australia Destination of choice for outbound Chinese resource investment dollars

■ And we must continue to build Regional Relationships Strategic investment partnerships. And commercial, financial, technical,

educational and cultural relationships.

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Captive Resource Developments

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Tigers Realm Coal

www.tigersrealmcoal.com

Location – in development driven Pacific

Russia

Location – 30 km from the coast, multiple

high quality coking coal deposits

Location – close to markets of China, Japan,

Korea

EMR Capital

www.emrcapital.com

New resources fund based in Melbourne

Deep linkages to Asia, especially China

Experienced and committed team

Focus on four key commodities

- Copper, powering the world

- Gold, fascinating the world

- Coking coal, building the world

- Potash, growing the world

G-Resources Group

www.g-resources.com

Indonesia’s and Asia’s newest gold mine of

scale

250,000 oz/a gold 2m oz/a silver

Low cost, long life, oodles of upside

Tigers Realm Metals

www.tigersrealmgroup.com

Beutong – Indonesia’s and Asia’s newest

copper/gold/moly discovery of scale

+500 Mt at .6% first resource

Open in all directions

Excellent access to infrastructure

In Summary

■ The boom is far from over

■ The best is yet to come

■ Fabulous opportunities for Australia

■ Plenty of work to do

Thank You

Owen Hegarty

www.owenhegarty.com.au

owen.hegarty@tigersrealmgroup.com

Ph: +61 3 8644 1300 11

Disclaimer

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This presentation (“Presentation”) is provided solely for information purposes for use at presentation held in November 2013 and includes information relating to G-Resources Group Limited and Tigers Realm Coal Limited (each a “company”).

By viewing or attending this Presentation, you agree to be bound by the following conditions:

This Presentation is not a prospectus or disclosure document and does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities or an inducement to enter into any investment activity, nor shall any part or all of this Presentation form the basis of, or be relied on in connection with, any contract or investment decision in relation to any securities.

The information contained in this Presentation has not been independently verified. The Company does not make any representation or warranty, express or implied, as to the fairness, accuracy, correctness or completeness of the information, opinions and conclusions contained in this Presentation.

To the maximum extent permitted by law, the Company and its related bodies corporate and affiliates, and their respective directors, officers, employees or agents, disclaim any liability (including, without limitation, any liability arising out of fault or negligence) for any loss or damage arising from any use of the information contained in this Presentation, including any error or omission, or otherwise arising in connection with it.

The information in this Presentation is subject to change without notice. Subject to any obligations under applicable law, the Company does not undertake any obligation to update any information in this Presentation.

Forward-looking statements

This Presentation contains forward-looking statements which are identified by words such as ‘may’, ‘could’, ‘believes’, ‘estimates’, ‘targets’, ‘expects’, ‘intends’ and other variations of such words that Involve risks and uncertainties.

These statements are based on an assessment of present economic and operating conditions, and on a number of assumptions regarding future events and actions that, at the date of this Presentation, are expected to take place. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company. Actual results and developments may differ materially from those expressed or implied in such statements because of a number of factors, including uncertainty in estimating mineral resources due to the preliminary stage of the Company’s assessment of its projects, actual demand, price fluctuations, the ability to produce and transport products profitably, fluctuations in foreign currency exchange rates, operational problems, political risks, economic and financial market conditions in various countries and regions, industry competitors and activities by governmental authorities such as changes in taxation or regulation. The Company cannot and does not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements contained in this Presentation will actually occur and investors are cautioned not to place undue reliance on these forward-looking statements.

The Company does not intend to update or revise forward-looking statements, or to publish prospective financial information in the future, regardless of whether new information, future events or any other factors affect the information contained in this Presentation, except where required by law.

These forward-looking statements are subject to various risk factors that could cause the Company’s actual results to differ materially from the results expressed or anticipated in these statements.