Investor Presentaiton

or personal use onl LL Aquila Resources WPIOP - STAGE 2 Key facts * Pre-feasibility Study for Hardey Iron Ore Deposit completed ❖ Targeted Hardey production rate of 10Mtpa Rail & Port ❖ Potential for an additional 150km of new rail to be constructed to connect with the proposed rail for Stage 1 Minimal incremental port capex with additional berth to be added to the Stage 1 jetty Marketing Hardey Deposit comprises both Brockman and Marra Mamba ores which will be blended to form a single fines product for export ❖ Slightly elevated phosphorus levels compared to current Pilbara norms Project Timeline ✰ Construction planned to be integrated with Stage 1 development activities (subject to approvals) First shipment of Hardey BID product expected in 2016 10

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